William Steve, Author at Online Finance Blog

How to Qualify For a Personal Loan

November 29, 2022November 22, 2022 William StevePersonal Loan0 comment

Getting a personal loan is a good way to get the money you need quickly. However, you need to be aware of the different types of loans, and what you need to do to qualify. The first step is to determine your financial situation and how much money you need. Depending on the lender, you may be required to provide proof of income or employment. This can include pay stubs, tax returns, and bank statements. You may also need to provide proof of your current address. A recent utility bill,…

Tax

Is Loan Against Property Taxable?

November 10, 2022November 7, 2022 William SteveLoan Against Property Taxable0 comment

A loan against property is a long-term financial commitment that can have tenures of up to 20 years. Its primary benefit is that it can help individuals meet multiple financial needs. In addition, it can also be tax-deductible for individuals. This is because home loans are deductible, as are commercial assets bought by businesses. This type of loan involves borrowing cash against your home and pledging it as collateral. The proceeds of the loan are not deductible as personal, school, or marriage expenses. While the principle repayment of a loan…

Cryptocurrency

How to Calculate Your Cryptocurrency Tax

October 11, 2022October 7, 2022 William SteveCryptocurrency Tax0 comment

When you buy or sell cryptocurrencies, you’ll have to report them as income on your taxes. It’s different than selling stock, so this type of tax is different as well. You will report the value of the cryptocurrency as the fair market value of the asset on the day of receipt. You’ll also have to report any capital gains you make. Fortunately, there’s software that will do the math for you. The IRS has created a tax form for digital currencies and you can use it to figure out your…

Finance

Types of Investment Opportunities

September 7, 2022September 5, 2022 William SteveInvestment Opportunities0 comment

There are several types of investment opportunities for people who are looking to make money. One type of investment opportunity is the stock market, where investors can buy and sell shares. The price of stocks is set by buyers’ willingness to pay and sellers’ willingness to accept. If a stock price is falling, owners often sell their shares for a low price, creating an investment opportunity for new investors. However, the value of an investment opportunity depends on the investor’s needs and risk appetite. For example, if you can afford…

Loan

Fast Cash – Speedy Fast Loans App

August 19, 2022August 19, 2022 William SteveFast Cash0 comment

In Kenya, the Central Bank of Kenya has barred many fast loans apps from listing themselves on the CRB. These loan apps aim to offer credit to those who need it fast, but are concerned about the amount of time they require to repay. The CRBs have now imposed tougher guidelines for credit appraisals. The app provides an instant e-approval of up to Ksh20,000 for personal loans. But the CBK hasn’t yet banned these apps entirely. Typical cash advance apps don’t check credit. Instead, they perform a cash flow analysis…

Finance

Trading Principles You Can Learn Online

May 25, 2022May 25, 2022 William SteveTrading Principles0 comment

Professional traders require a varied skillset, most of which can be taught and developed over time. Per DataDrivenInvestor, some of the more essential skills considered to be necessary for success in financial markets concern an “understanding of risk,” a “willingness to be patient,” and “willingness to take a loss” (alongside knowledge of the markets, of course). And while these are all skills and disciplines you can develop within financial circles, you can also hone them through other practices and activities –– including, as some investors will tell you, playing poker.…

Cryptocurrency

What is Cryptocurrency?

May 11, 2022May 14, 2022 William SteveCryptocurrency0 comment

You may have heard of cryptocurrency, but do you really understand its underlying premise? Cryptocurrencies are digital money, not fiat currency, so their values are based on the faith of people in them. While some cryptocurrency users buy the coins with the hope of selling them at a profit, others buy them as a unit of exchange that they can use to purchase everyday things. In other words, cryptocurrency is a new form of money that anyone can use anywhere. The most common form of cryptocurrency is Bitcoin, which can…