Car Maintenance: 7 Essentials One Must Never Forget

Auto

There are millions of vehicle owners across the world, yet so many still do not know the basic things required for the proper upkeep of their car. Maintenance is key to the longevity of a vehicle, and that includes the interior, exterior, under the hood and of course the paperwork. It’s not a one size fits all situation when it comes to car maintenance, so it always recommended that you follow the manufacturer’s instructions instead of taking your vehicle to a random repair shop. 

Also, there are sections of the vehicle that require frequent checks more than others. Here’s a list of seven essentials you need to ensure that your vehicle, regardless of year or model, performs at an optimum level.

CREATE A SCHEDULE FOR PREVENTIVE CARE

Research the type of vehicle you have and look for a highly rated workshop in your area that specifically deals with your make and model vehicle. Put the return dates in your calendar, so that you can always be on the ball with your vehicle’s maintenance. You are supposed to know when servicing is needed.

DETAILING YOUR CAR

Regular vacuuming prevents items from getting lodged or even rotting in your vehicle. This also prevents mould and mildew from building up, keeping your car smelling fresh. Wipe the seats and regularly touched areas with recommended products for the vehicle interior. If you do not wash the vehicle yourself, try to choose a car wash that uses soft brushes that won’t scratch the car.

SHORT TERM VEHICLE CHECK

  1. Oil and Coolant: must be checked on a monthly basis or after few gas fill-ups, depending on how often or far you drive. Make sure to do the check only when your engine is cool enough. Low levels of oil or coolant can lead to major engine problems. The owner’s manual in your glove compartment will indicate where to find these under the vehicle hood.

ii Air Filter: regulates the airflow to your engine in order to keep debris out. Proper attire follows also helps fuel efficiency, reduces emissions, and help protect the engine. In fact, you can change the filter yourself by following your instruction manual.

iii. Tire tread and pressure: are key to a safe ride and fuel efficiency.

  1. All Lights and Signals

It’s easy to miss when one of your lights or signals isn’t working. Each month, you should walk around your car and observe both your parking light and turn signals.

  1. Tire Rotation: Getting your tires rotated frequently will allow for a more stable ride. The treading on the outer part wears faster and rotating the tires will make sure that the treading disintegrates evenly and allow for safer driving.

CHECKS TO MAKEOVER THE LONG TERM

  1. Applying Wax: Twice per year is the recommended number of times to wax your vehicle in order to keep it shiny and prevent rust.
  2. Transmission fluid: This operates like the oil to protect your vehicle’s engine but even more so it keeps all the moving parts working properly. The vehicle manufacturers know best, so follow there instruction on when to check and change your transmission fluid.

iii. Shocks And Struts: The smoothness of your ride, especially on bumpy terrains is determined by the shocks and struts on your vehicle. Check them at 50 thousand miles.

  1. Coolant System: To prevent your vehicle overheating, your radiator has to be flushed sometimes.
  2. Battery Performance: This sends power to the starter and can corrode during harsh temperatures. It must be tested annually to check its power level.

CHANGE TIRES

Driving conditions differ, depending on where you live. Road conditions, the way you drive and especially winter conditions, can destroy your vehicle tires. It’s important to let a professional help you decide what tires are perfect for the conditions that you operate the vehicle under.

UP TO DATE INSURANCE AND DOCUMENTS

You can’t maintain a car that you don’t have. Make sure to buy comprehensive car insurance to cover everyone you come in contact with. In addition, without insurance, you can be arrested and possibly face hefty fines. Ensure that you and your loved ones are protected. Having the paperwork for your vehicle saves you time during police spot checks and other situations requiring them.

STICK TO THE SCHEDULE

Sticking to the schedule you set up is essential to addressing all the maintenance issues that may arise. Keep all maintenance records, so you won’t have to repeat work that was already done, and prevent costly repairs, or any surprises. Both you and your vehicle depend on each other; take care of it and it will certainly take care of you.

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Is Solar Air Conditioning Available in 2020

DIY / Home Improvement

The home industry in Malaysia continues to evolve with new ideas emerging to make the homes smarter and energy-efficient. In addition to home automation, one of the biggest trends is the installation of solar panels to power home systems.

Malaysia is a hot country most of the year and this necessitates efficient air conditioning around the year. Using conventional air conditioners means reliance on the grid system, which can rack up your power bill. Air conditioners are the biggest consumer of electricity in Malaysian homes and this is where cheaper, cleaner solar air conditioning comes in handy.

Why Solar Air Conditioning?

Using a solar air conditioner for your home offers myriad benefits, including:

  1. Clean and more efficient energy
  2. Cost savings
  3. Reliable power supply without disruptions
  4. Low maintenance systems
  5. Boosting your home’s value
  6. Lower installation costs and availability of solar tax incentive  for businesses

Most people have become accustomed to grid-powered air conditioners for the longest time. The first question they ask is whether solar air conditioning is available in the country. The answer is a resounding yes! But why?

Readily Available Sunlight

The ready availability of sunlight, solar-powered air conditioning is now a popular trend. The country enjoys an average of 2228 hours of sunlight per year with an average of 6:06 of sunlight per day. Kuala Lumpur registers 2222 hours of sunshine during the year. This makes solar-powered home systems viable across the country.

Advances in Solar Energy Technology

Advances in renewable energy and government support have boosted the growth of the solar energy industry. Solar energy companies now manufacture high quality photovoltaic solar panels, inverters, solar power storage systems and other solar system components locally.

It’s also easy to access technology from the leading brands in the world through your Malaysia-based solar installer. If you have any doubts about the availability of solar air conditioning in the country, talk to an established solar installation company to learn the solutions available for you.  

Breaking Down Solar Air Conditioning

It’s most likely that you have a typical split system in your home. This conventional air conditioner relies on electricity from the grid to keep your home cool. If there’s power disruption, you’ll have a hard time staying indoors, especially in the hotter months such as March.

Solar air conditioning is an alternative solution where, instead of using electricity from the mains, the solar air con uses the sun’s energy.

You can choose from the following main solar air conditioners:

  1. Solar thermal hybrid system: This system utilizes the energy from the solar collector panels to assist the compressor. This system still requires a source of electricity.
  2. Evaporative solar-powered conditioners: This solar-powered air con eliminates a compressor and instead uses a heat exchanger. The power required to power the fans, chillers, and hot water pumps comes from the solar panels installed on your roof.
  3. Solar PV hybrid system: This is a solar air conditioner in Malaysia which uses photovoltaic technology. Sun energy is converted into electricity to power the motor and the fans. There’s also a storage component in this system which means you can go fully off-grid.

When choosing the best solar air con for your home, your installation company will discuss the two overall options available.

The off-grid solar system can run independently without grid support. It comprises solar panels, inverters as well as batteries to store excess power.

On the other hand, you can opt for an on-grid solar system consisting of solar panels and an inverter. Your appliances will not run if there’s no electricity.  You need high kVA inverters to handle high loads and a larger number of solar panels if your home’s power usage is high.

Factors to Consider With Solar Air Conditioning

Many households who would benefit from solar air conditioners in the country don’t have enough information about these systems. This technology is readily available and you only have to consider the following:

  1. Home’s electricity usage: This helps determine the number of solar panels/size of the system.
  2. Government approvals: Your solar installer will guide you on any approvals and licenses required to install solar systems in your area.
  3. Rooftop space: You have to access available roof space and direction of the roof. This helps find the best solar air conditioner in Malaysia for your home.
  4. Warranty: Look for an extended warranty for your solar air conditioner to enjoy lower maintenance costs.
  5. Find the best solar installer: Don’t compromise on experience and certification when shopping for a solar air conditioner installer in your area. Read reviews and testimonials, get several quotes and do background checks for any company you want to use.
  6. Talk to your neighbors for referrals and recommendations

Solar air conditioning is available in 2020 across Malaysia. Now that you understand how it works and the benefits, go ahead and partner with the most qualified solar installer. It’s the best way to harness the power of solar for your home’s air conditioning.

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Manage Excavations Successfully With These 7 Essential Steps

DIY / Home Improvement

When planning a new construction project, you will often start by excavating the site. Because excavations begin most of these projects, you must get everything right. There is a special level of care that you need to use when handling these projects, and you can work through each of these steps to get good results. Read further as you plan your next big project and need to save money, time, and energy.

1. Rent All Your Equipment

You should find equipment and attachment hire company that will help you rent all the gear you need. The company you work with will help you get the best prices on all the equipment that you need, and they will let you rent instead of buying. If you buy your equipment, you spend too much money upfront. Also, it isn’t easy to justify massive expenses for equipment that you do not use all that often.

2. Create A Schedule

You need to create a schedule for the project so that you can keep up with the deadlines for the project. If you do not have a schedule, you will not know what needs to be done, when it should be done, and how long it takes to complete each step of the project. 

3. Assign Tasks To Everyone

All the people on your team must be assigned tasks. You want everyone to know what is expected of them so that they can quickly complete each assignment. You can track these tasks throughout the day, and you can assign new tasks the next day. Your staff will work efficiently, and they do not complete tasks out of order.

4. Inspect The Site

You might need an inspector to check the site before you begin. Some excavation projects are massive, and they might include old properties that have pipes in the ground. You do not want to hit an old gas line that still has gas flowing through it. The same is true with old plumbing systems that might have been left behind or decommissioned. 

5. Check The Weather

As you plan your projects, you need to make sure that you have checked the weather before the day starts. You need to know if poor weather conditions will cause issues for the project. You can handle some excavating in the rain, but other parts of the project cannot be done. You need to adjust the assignments so that you are not putting your staff in danger. You should move the assignments around so that you know when they get done. 

If you haven’t paid attention to the weather, you might be surprised by inclement weather that slows your work.

6. Plan To Use Subcontractors

You may need to use subcontractors to complete the job, and you must schedule them as soon as possible. You need to know when these subcontractors will turn up, and you need to know how much availability they have. You are paying a subcontractor, but they often have a limited amount of time available to help you.

7. Send Progress Reports To Your Client

When you are working on behalf of a client, you need to make sure that you send them progress reports during the job. This is a good way to help the client understand how well you are performing your job, and you are also helping them understand how much longer the excavation will take. If your client has not been updated, they might be surprised when you are not finished yet. 

Use all of these tips to create the best excavation plan for your client, business, and staff.

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7 Reasons Why Buying An SUV Makes More Sense

Auto

If you’re on the fence about buying an SUV or a sedan, you have many options to consider. Both car types have their benefits, but purchasing an SUV makes much more sense in the long run. From durability to hauling cargo, an SUV is built to last and can withstand almost anything. Find the seven reasons why buying an SUV makes more sense than buying a sedan. 

Hauling Cargo

You have much more space to haul cargo in an SUV than in a sedan. It’s for obvious reasons that SUV’s are just far bigger in space and size than any sedan. For this reason, you might save yourself money renting a U-Haul to move all of your child’s stuff into their college dorm because it might all fit in your SUV. Additionally, it’s much more effective when hauling bigger things like boats. You can haul a boat almost anywhere because an SUV is so powerful, where a sedan won’t be able to accomplish as much.

Leg Room

If you need to have a lot of legroom when you’re riding in a car, then an SUV is the obvious choice compared to a sedan. SUV’s destroy sedan’s when it comes to passenger space. Even if you’re travelling with four or five people, all of you will be able to sit comfortably in an SUV. Compared to a sedan where four of five people will be squashed.

Safety

The majority of SUV’s are much safer than any sedan. This is because SUV’s are bigger and higher off the ground. Since they’re bigger, they can endure more impact in a car crash. Also, the higher off the ground a car is, the further away from a crash the passengers are. The crash might happen at your tire level, but since you’re sitting much higher in an SUV, your chances of coming out without an injury are high.

Increased Driving Vision

Since SUV’s are higher off of the ground, you’ll be able to see better in traffic. You can see over most sedan’s or other vehicles to make the best decisions while driving. This can be crucial to newer drivers or more inexperienced drivers. Being able to see exactly what is happening on the road can increase good decisions while driving. 

Good Mileage

It’s a common misconception that SUVs don’t get as good of mileage compared to sedans. This is wrong. Especially in a new SUV range of mileage is almost as much as most sedans. Hence, you don’t need to worry about filling up every week when your SUV gets just as good of mileage as any other car on the road. This is the power of better technology in our cars today, better mileage for even bigger vehicles. 

More Power

It takes a lot of power for an engine to push an SUV down the road. These vehicles are packed with horsepower and torque. If you’re a big fan of having a really powerful car that can drive up to any hill, you’ll want to consider buying an SUV.

Built For All Terrain

Most SUV’s can handle many different types of terrain compared to sedans. This means mountains, deserts and anything else you can think of that might seem like a challenge. It’s because their tires are usually bigger and their engines are definitely more powerful than any sedan. If you’re a big fan of going off-roading and adventuring, then you’ll want to purchase an SUV over any sedan. Also, there’s much more room for your camping supplies in the trunk of an SUV. 

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Why Neutral Flooring Is The Best

DIY / Home Improvement

With minimalistic decor such as Scandinavian design and clean-cut finishes taking over the interior world, neutral flooring has grown ever popular with homeowners who are bursting at the seams to replicate this in their own homes. Some of us associate neutral colours with being dull or boring, but this simply isn’t the case! They actually open up your home and make it look more spacious, as well as matching with all sorts of other colours, whether that be the wall or furniture.

Whitewashed Wood

White is a very popular choice for interiors and for good reason. With it being a common choice for walls, furniture and ceilings why not go for it on your walls too? This is because it complements nearly every interior theme, opens up your room (giving the illusion of more space) and offers that desirable fresh and clean look. With this being said, whitewashed wood is the perfect choice for your floors – but you’re not settling for something too plain and some would say ‘boring’. White washed wood actually offers a shabby chic appearance, something very on trend at the moment! This will give your room that much needed touch of character and charisma. If solid wood is out of your price bracket, then engineered wood or even a pale laminate can do the trick too!

Grey Flooring

Grey flooring’s popularity has risen significantly in recent years due to its superb versatility. You can get away with grey flooring in nearly every decor theme, from a rustic, contemporary to traditional interior – whatever your style, grey floors will go fantastically with it! It’s truly a classic colour and is very hard to take against, beneficial when selling your home too. There’s so many shades you can choose from too, all of which give totally different looks!

Cream Floors

Cream isn’t just for walls! This elegant colour will add sophistication and class to your home while still remaining beautifully neutral. Not only is it used for calming a neutral look, but also comes in a wide range of styles – it won’t look out of place anywhere! It’s the ideal colour if you just want something as a backdrop and will go with everything, why do you think so many of us have magnolia walls? You can get a gorgeous creamy wood to polished concrete, there’s so many options with materials too!

As we’ve discussed, there’s plenty of options when it comes to neutral wood colours. No matter which one you opt for, you’ll end up with a beauty floor that will adhere to your tastes perfectly.

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Tips for Achieving a Debt-Free Life

Finance Money

Some 189 million Americans have credit cards with the average balance per household being $8,398. Keep in mind, that’s just credit card debt. We haven’t mentioned mortgages, car loans or student loans.

Sadly, debt is so prevalent in America, most people consider it a way of life.

However, it is possible to live without it.

Here are some tips for achieving a debt-free life.

Create an Emergency Fund

If you have yet to do so, make it a priority to put away at least three to six months of your monthly expenses as a hedge against income disruption or large unexpected expenses. Having this money put away will enable you to weather such instances without incurring more debt — or at least as much as you would have otherwise.

Prioritize Paying Off Debt

As common sense as this particular tip may seem, most people have no idea how to do it.

Let’s say you’re one of those people who have four credit cards, with the total balances adding up to $8,398. Let’s say the balance on one of the cards is $3,000, another one is $2,500, another one is $1,500 and the last one is $1,398. Now, let’s say the minimum payment on each of those cards is $50, and you’ve been paying $100 per month on each one.

That’s a mistake; it’ll take too long to pay them all off that way.

The Debt Snowball

Instead, make the minimum payment on all of them except the one with the $1,398 balance. This will afford you $250 monthly to pay toward that one, which will help you pay it off more than twice as fast as when you were only paying $100 monthly.

Once you’ve eliminated that balance, you’ll have $300 monthly to put toward the $1500 balance, which will also have been being paid down at the rate of $50 monthly while you were killing the first account. Repeating the process with each successive card will give you the entire $400 to put toward the highest balance when all of the others are cleared up.

You’ll pay off all four cards much sooner than you would at the rate of $100 monthly on each one.

By the way, this works with car loans and mortgages too.

You can eliminate all of your debts with this method.

Debt Consolidation

Another way to approach debt elimination is with a credit card consolidation loan. While it might seem a bit backwards to make debt to get rid of debt, there are situations in which credit card consolidation can make sense.

You have to make sure the consolidation loan you take will let you pay your debts off sooner than you would by paying them individually. You’ll also want to seek a lower overall interest rate and a lower overall monthly payment.

Focus on Saving and Investing Next

With your debt eliminated, you can turn your attention to preparing for the time when you’ll no longer go to work every day. In other words, it’s time to start building your retirement fund.

We recommend eliminating debt first because the interest you’ll pay vs. the interest you’ll earn tends to be higher. Eliminating debt effectively means your money earns more interest afterwards — thus it’s a good investment.

Create a Spending Plan and Stick to It

One of the most fundamental of the tips for achieving a debt-free life. Creating a spending plan helps you ensure your money is working for you in every way possible, as opposed to against you.

Your goal should be to live on 80 percent of your income or less, while saving/investing at least 20 percent or more for your long-term goals. This becomes easy to accomplish with your debt laid to rest. Plus you’ll be able to save more so you can make subsequent purchases in cash, rather than charging them.

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Wedding Decoration Ideas

Love

Finally! The moment is here! You and the love of your life are going to be united in the holy matrimony forever. Congratulations! We are virtually cheering for you because it’s your best decision ever. We can already feel the over-the-enthusiastic vibes and the overwhelming aura surrounding you and your partner. But, we can also sense some tensions.

Tensions because of the current situation where you are obliged to go for an intimate home wedding, and you are absolutely blank about all the arrangements and decorations. While we are sure the rest of the arrangements will be well taken care of by your dear ones, we are here for decoration ideas. There is something beautiful about decorated venues. It just makes the D-day more impactful and memorable.

Don’t worry about the decorations; we have got your back. Just read these ideas, and you are good to go.

  1. Draped Ceilings: Make your wedding ambience look more elegant and beautiful with fabrics. If you are having a Christian wedding, then you can drape the ceilings with white or ivory white fabrics. But, if it’s a Hindu wedding; go for bright colours like yellow, orange, red, pink, etc. You can also get the fabrics draped in patterns for a more dramatic effect.
  2. Use Patterned Pillows: Home weddings are all about comfort and cosiness. If you are more of a minimalistic person, the only thing you need to decorate your hall or space is pillows and cushions. Decorate the couch meant for you and your partner with patterned pillows. You could also go for personalised pillows and cushions.
  3. Hang Your Flowers: One cannot think of wedding decor without flowers. It’s necessary. Flowers make the venue look more vibrant and magnificent. Instead of the flower vases or flower decorations on the wall, be more creative and hang your flowers. There are two approaches to it. One is to have hanging flowers all around the venue at equal spacing. The next is to have hanging flowers over the table, having your wedding cake and dining tables. For unity, when you make an online cake delivery of your wedding cake, go for a floral themed cake.
  4. Chalkboard Signage: The best way to decorate and jazz up your entrance, cocktail bar, and dining area is to have chalkboard signage. Use a chalkboard having an antique frame or old frame. Further, you can drape the chalkboard with flower garlands or greenery. Use fancy and readable fonts to write on the chalkboard, and you can also draw on the chalkboard.
  5. Have Table Lamps: Create a more intimate setting, depth, and height by using table lamps. On each table, you can have lamps with flowers. Even the centrepiece having your wedding anniversary cake should be adorned with flowers and table lamps.
  6. Hang Paper Lanterns: If you are having a day-wedding, then this is the perfect decor idea to incorporate. Hand paper lanterns from the ceilings. Create patterns or a contrasting effect with them for uniqueness.

So, keep all your worries at bay because you have plenty of decor ideas to dazzle up your home wedding venue. We wish you luck, love, and happiness!

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Technology Tips For Your Industrial Business

Business Tech

It’s easy to consider the tech tools that directly relate to your industry, but relating the power of digital technology to your operation can do your business a lot of good as well.  If you learn how to champion today’s digital mediums, there’s no stopping the potential of your industrial business.  

 

Start the development process by doing a little research of your own.  Read through this brief compilation of a few tech tips that will help your industrial business take its mission to the world.  

 

Work on developing your website

 

Your industrial business needs a presence online to present a good fight to the competition.  People work in digital terms, and your business needs to rise to the occasion.  Make your website a place for answers.  

 

Your business website should be a reliable source of industry information, and you should be updating its pages regularly.  Use high quality media to engage users, and make sure your loading speeds are fast.  

 

Take advantage of social media’s popularity 

 

Take your industrial operation to social media, and get into the mix of the world’s social happenings.  Something as simple as a few social media sharing icons can boost the connectivity of your company.  This pipeline maintenance company added sharing buttons at the bottom of their page to make it easy for interested users to share their interest with friends/family.  

 

Also, you can’t respond to what people are saying about your company if you’re not taking part in the most popular social media platforms.  Set up shop on LinkedIn, Facebook, and Twitter, and work your social media profile like you work your business website.  Keep relevant, up-to-date content on a regular feed. 

 

Design your digital content for mobile

 

While building your collection of digital content, you’ll want to build for a mobile audience.  Smartphones, tablets, iPads, and other mobile devices are officially the most prevalent method of accessing the internet today.  

 

Play to your audience, and invest in mobile optimization.  Make certain your website, your blog, and other vital content is designed to display and function with ease on a range of mobile devices.  

 

Learn to incorporate the concepts of SEO

 

Search engine optimization has been around for a few years now, and it basically focuses on how to design content that will rank well in the SERPs (search engine result pages).  

 

Ranking higher in the SERPs makes your digital pages easier to find for users looking for information that is relevant to your industry and operation.  Learn how to use the concepts of SEO to boost your brand online, and create more useful digital content.  

 

Always be available for communication

 

Communicating with your digital audience is critical to the process.  If you really want to make an impact on people, your industrial business has to communicate.  

 

Design built-in ways for users to send messages, requests, emails, or phone calls your way, and follow up with an answer as soon as possible.  Make it easy for people to feel connected to your business.  

 

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3 Ways to Lessen Odds of a Car Accident

Auto

No one wants to get into a car accident. Well, this would be no sane person or one with good intentions that is.

That said getting in a car accident can be problematic on many fronts.

With that in mind, how can you go about lessening the odds of a car accident in your world?

Don’t Let a Car Accident Change Your Life

So that you can lower the odds of being the next car accident victim, keep these things in mind:

  1. Be focused on the road around you – It is critical that you focus on the road around you. For starters, you can’t afford to let distractions get the better of you. One of the biggest distractions out there is when drivers spend time on their cell phones. Always remember that a call or text can wait. No call or text is worth potentially ending your life. You also want to avoid things like personal grooming when at the wheel. Fixing your hair in the rear-view mirror, using an electric razor to shave and more can lead you to an accident. Last, do not be tempted to get into any road rage incidents with other drivers. When you are focused on the road, you stand a much better chance of getting safely to your destination.
  2. Drive the best vehicle possible – How confident are you in your vehicle when it comes to keeping you safe? The right vehicle can keep you safer so that you do not worry all the time about accidents. If considering buying another vehicle, be sure to use the Internet to help you. You can go online and do a free vehicle history search of all the different cars and trucks out there. When you do this, you will be more educated on what is out there when it comes to safety rankings. As technology evolves, more safety features are being built into vehicles. With that you and other drivers and passengers stand to be safer. Always make sure you test-drive any vehicle you consider buying.
  3. Learn from any accident – Finally, make it a point to learn from any auto accident you have been in. Was there anything different you may have been able to do to avoid it in the first place? You may have not been obeying the rules of the road at the time. You might have been distracted when you got into an accident. Was your vehicle in the best shape possible to avoid an accident? These are but a few of the things you need to review. The hope is that you will be able to avoid any more auto accidents as time goes by.

Get Checked Out if in an Accident

In the event you are in an auto accident, be sure to get checked out.

Even what seems like a minor incident can have repercussions for you if you are not careful.

Some injuries may not show up right away. 

These can include concussions, internal injuries and more. By having a medical pro check you out, there is less chance you will have medical issues not long after.

In lessening your odds of a car accident, are you feeling confident out on the roads?

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5 Potential Risks to Take Into Consideration Before Investing In Precious Metals

Finance Money

A wise and thoughtful financial decision can do wonders for your business and savings, whereas a poor financial decision can result in a serious downfall. Small or big, one must do detailed research work and take into consideration all the risk factors involved before investing in precious metals. These decisions once put into action, cannot be changed, and the metals become a liability instead of an asset.

Here are the 5 potential risks to take into consideration before investing in precious metals.

STORAGE

You’ll need to store your physical metal somewhere. With a stock or bond, you don’t have to worry about storage. There is always a risk of theft or loss if you store these metals at home. Also, it will be a risk to you and your family in case someone breaks in.

The other selective is to rent a space to store them. That space would provide a safe and trusted storage facility. This incurs additional cost but leaves you worry-free and safe from theft and injury. You can always choose to invest with the help of mutual funds and stocks for precious metals; however, they would not reap the same fruits as the physical metal would.

One must always buy precious metals from genuine and trusted suppliers who are industry leaders & have a proven track record to support their authenticity.

Indigo Precious Metals, for instance, is very transparent about their policies and pricing and takes great pride in the level of customer service they provide to their clients. Since these metals are so precious and involve a great amount of your hard-earned money, you must be very cautious while you plan to use them.

LIQUIDITY

If you hold non-physical precious metal, you cannot encash it immediately. In case of immediate cash requirement, you’ll have to seek other means of investments for help.

There’s one solution to this drawback, and that is online storage. With an online storage account, you could sell your precious metals at any time. This helps in instant liquidity.

NO INCOME OR INTEREST

Unline stocks, bonds, or real estate that provides interests, dividends, or rental income, there is no income or interest in owning any form of precious metals.

This is just an investment that can give no regular benefits unless sold when the prices are high. In case you require money on an urgent basis, then you might even have to incur a loss if the price is low compared to the price you purchased it in.

MARKET RISK

Precious metal investments are exposed to various types of market risks. There is no doubt that something you invest in will face price fluctuations from time to time. It might decline in value due to economic developments and various other events that influence the general economy.

POTENTIAL SCAMS

When it comes to precious metals, having the correct understanding is quintessential. You may end up losing hundreds or thousands of dollars even. Do thorough research and learn a few things about how to test the true value of the metal you have purchased.

Such a heavy investment can only be encouraged for someone who has all the details about genuine metals, including where to invest and whom to trust. Considering the lofty cost of precious metals, you just cannot afford to ignore these essential facts.

Trust only genuine suppliers and be 100% sure before investing. Read various articles, blogs, testimonials, crosscheck multiple times to make sure there is no scam involved. It’s your money, and only you’ll have to take the best care of it by making the right choice of genuine investment.

So, keep into consideration all the above factors and make decisions wisely for a happy and secure investment. Trust only genuine and industry leaders in such investments.

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