How Politics Impacts Your Wealth

The idea behind capitalism and free trade is that everyone is free to pursue their goals in terms of individual wealth, with little or no limitations from the government. While the political landscape of the developed world has much less impact on your wealth than say, North Korea’s, it can still have a considerable impact on your investment portfolio and the factors surrounding it. Here are a few ways in which it does this…

Poor Management

There are all kinds of things which will impact the general economic development of a country, and one is simply the effectiveness and management of the government that’s currently in power. There are a number of things a government has to do in order to stimulate economic growth – building and maintaining infrastructure, raising and spending capital wisely, and listening to their population’s opinions on pressing social issues. They also need to initiate business practices and legislation in a way that makes investment easy and desirable. No matter how bright the leading business minds are in the country, if the government isn’t managed effectively, it will inevitably limit investment and individual wealth.


The actual laws that the government of a country passes will also have a massive impact on the demand and prices of commodities, property, and anything else you may want to invest in. This can affect all facets of the free market, but one of the most notable is real estate. For example, tax credits, subsidies and deductions can all boost the national demand for real estate for however long they last. America’s first-time homebuyer’s tax credit, for example, stimulated a lot of home sales when the economy was waning in the late noughties. Now, in 2017, we’re seeing initiatives in the US congress which may have an adverse impact on tax deferral for property investors. If you’ve got a fairly sizable real estate portfolio, and you’ve been leaning on the tax benefits that came with it, you may want to send a letter to your representatives in Congress right now telling them to save the 1031 exchange! By keeping on top of ongoing political shifts and the foreseeable future of economic policies, you’ll find it much easier to tailor your investment strategy to the current political landscape.


While modern democracies are structured to limit corruption as much as possible, it’s still a very real issue, and can have a massive impact on the free trade in the country where it occurs. The most obvious culprits here are crooked policemen and other public authorities. However, these people are only the tip of the iceberg. It’s the more executive offices where all the real corruption happens. When political corruption becomes rife in a country’s local or federal government, it can slow down and over-complicate what should be straightforward processes, including buying or selling property, starting a business, or applying for legal permits for various financial processes. Corruption is not only stifling for people who are trying to grow their wealth, but also extremely frustrating in that there isn’t much you can do about it!  


Oil Wells That End Well – What You Need To Know About Running A Drilling Company

Starting out in the business world can involve a lot of stress and hard work. That’s even worse if you launch a company for which you have to make a significant investment. Drilling firms make millions each and every year from the work they person. However, there are lots of issues that could send you back to square one. It’s a dangerous industry, and so you have to take the right approach if you want to succeed. Considering that, the information here today should help to point you in the right direction. We’re going to show you how you can protect your interests while earning profits that will make you rich. Who knows? In five years time, you might manage to sell your operation and live the good life.

Health and safety could become your downfall

There is no getting away from the fact that drilling companies have to place a lot of emphasis on health and safety. That is because their workers are often using heavy machinery around explosive materials. For that reason, you’ll need to employ a team of experts to assess your processes and highlight any concerns. You can then deal with them accordingly. Thankfully, you can reduce spending by leasing some of the safety equipment you require. There are lots of firms out there specializing in rig mat rentals and other solutions. You just need to identify them and get in touch as soon as possible. At the end of the day, you will spend enough cash on the drilling process. So, you need to cut back as much as possible during the early stages.

You’ll have to pay a lot of money to lawyers

Legal issues can ruin any business within the oil and gas industries. There are so many rules and regulations that you are sure to get something wrong. That is why you must find and employ the most experienced lawyers possible. They will assist with everything from gaining permission to drill, to keeping local governments happy. When all’s said and done, you will probably have to perform a lot of your work abroad. That means you are taking oil from other nation and selling it in the US or Canada. The people who run those countries will expect you to pay a hefty tax. Your legal representative will handle all the negotiations and try to ensure you get the best deal.

Building essential relationships isn’t always easy

You will have to form relationships with lots of companies in your industry to make a killing. Once you excavate the oil, you have to sell it to make a profit. That means you’ll need a partner who owns a refinery at the very least. You then have to employ reps and negotiators to make sure you get a fair price. The issue is that many established firms are operating in that marketplace. So, you might have to undercut them to catch attention and form bonds with other specialists. There is a sort of loyalty in the industry, but you can break that by showing business owners you provide a better service.

You should now have a good idea about some of the ins and outs of running a drilling company. Now you just need to continue your research and create a watertight business plan no bank manager can ignore. With a bit of luck, you could have your company off the ground in less than one year. You just need to follow the correct approach.

Make Your Home A Magnet For Buyers!

If you’ve been reading a lot about home improvements, then you’ve probably heard this old adage time and time again: “the kitchen is the heart of the home.” To a lot of prospective buyers, your kitchen is certainly going to be a big deciding factor, so this is one room which you should certainly set a good budget for. In an ideal world, you’d be able to spend thousands on it, filling it with gorgeous countertops and sophisticated appliances wherever they’ll fit. Unfortunately, we don’t live in an ideal world! At the very least, you should aim to give the whole room a fresh coat of paint, and a few new energy-efficient appliances. Efficient kitchen appliances are becoming more and more of a selling point these days, and they’ll certainly be an asset when you open the home for viewings.

Reinventing a Room

Some people, when they decide to go all-out on their home improvements, organise an extension, and have a completely new room built onto an existing one. While this is certainly an effective way to increase your asking price, it’s invariably an expensive project. Furthermore, if there are any big setbacks or surprise additional costs, it can make it so much harder to actually recoup the investment. If you want to make a similar home improvement without having to knock down any walls, then try reinventing a room you already have instead. Converting an attic into a large bedroom and repurposing a basement are both fairly straightforward projects, and have the potential to pay off massively when prospective buyers come to view the place. If you’re fine with the living space you have, you don’t even have to splash out on any furniture and actual features. However, if you’ve got a bare concrete basement, laying down carpet and painting the walls is certainly a smart move.

Make it a Fortress

If, like me, you’ve got a partner who’s in the military, then you may not worry about the security of your home all that much! However, for a lot of your prospective buyers, this is going to be one of their major concerns, especially if your home is in an area with high crime rates. One great home improvement in the way of added security is replacing dated widows with something thicker, and with more dependable latches. Windows with additional glazing will not only make life harder for would-be burglars, but will also ensure that the whole home is more energy efficient. This is a highly attractive feature in the modern home market. If you have a deeply recessed front door, then this can be seen as a big security threat, so removing the recess or having an extended porch built could be a good idea. Of course, nothing’s going to convince buyers of the home’s security better than features which were designed explicitly for that purpose, so shop around! Check out some sites such as Alarm Reviews to find out more about the various options on the market.

Decks and Patios

Provided you’re not reading this from Alaska or somewhere with equally hostile weather, decking and patios will always increase the value and appeal of your home. When you look back on fluctuations in the real estate market, outdoor living spaces have become progressively more desirable, especially as more and more people are staying home for their vacations. If you add a nice expanse of decking or a patio, you’re sure to make a return on the investment when you come to sell. Having said that, the cost of having a deck built onto your home can vary greatly depending on a range of factors. The kind of size you’re going for, along with the various additional features like railings, barbecues and mounted planters, will all come into play. Fortunately, there are various resources you can use such as the calculator from Decks in order to draw up a good plan.

More Efficient Insulation

I’ve said it before in this post, and I’ll say it again: energy efficiency is a massive deal to modern home buyers. If your home lacks decent insulation, or has a lot of old doors and windows which let the heat out and the cold in, then buyers and home inspectors are sure to notice. Any home that hasn’t got at least some features for energy efficiency will cost more to live in and repair over time. Despite what you may think, updates which will make your home considerably more energy-efficient don’t have to cost a fortune, and have a massive potential for profits on the modern market. Adding more attic insulation, for example, typically only costs a few hundred dollars, yet has the potential to add much more to your asking price, and will save you hundreds every year in reduced heating bills. Replacing your conventional lightbulbs with more energy-efficient lightbulbs is a simpler home improvement which can make a massive difference to how appealing your home is to prospective buyers. Programmable thermostats are another home improvement you should seriously consider. Most home buyers expect to see these anyway, so don’t disappoint them by sticking with your old, conventional model!

There you have just a few of the home improvements which could have a massive positive impact on the price of your home. Whether you want to have sold your home by the end of the year or you’ve got a while left, you won’t regret these changes!