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url 2015-01-05 09:32
The Koyal Group Private Training Services: How To Manage A Cash Windfall

 

Many of us fantasize about winning a big lottery jackpot. Let’s say that actually happened? What would you do with the money? How would you manage it?

 

While winning the lottery is a real longshot, cash windfalls are not that uncommon. People inherit money or receive a life insurance payout when someone dies, they sell businesses or professional practices, they win a judgment in a lawsuit, receive a sizable divorce settlement, or take a 401(k) rollover or lump-sum distribution from a pension account all of which can result in a sizable windfall. (For related reading, see: Are Pension Buyout Offers a Good Idea.)

 

The number 70% seems to be a common one in terms of the percentage of lottery winners and retired NFL and NBA players who end up in financial difficulty. If you're the recipient of a cash windfall what should you do, how should you manage it?

 

TAKE A STEP BACK

There is no rule saying that you have to do something with the money right away. In fact many financial advisers would counsel you take some time and do some financial planning. This is especially true in the case of a large and possibly unexpected windfall. (For more, see: What Kind of Financial Plan Makes Sense for You.)

 

Don’t succumb to pressure from family, friends, or pushy financial sales types. It’s your money and your life. Get the financial guidance you need, take the time to plan out what you want to do with the money, and then move forward. Refrain from making rash spending decisions.

 

HIRE HELP

Depending upon the size and the nature of the windfall you will want to assemble a team of experts that might include a financial adviser, a tax professional, and perhaps an attorney for any estate planning issues created by the windfall. (For more, see: Fee-Only Financial Advisors: What You Need to Know.)

 

If the windfall was an expected one, such as a large retirement plan rollover or proceeds from the sale of a business, you quite likely have been working with a financial adviser or tax professional or both already.  Lean on these trusted advisers for help in managing this windfall.

 

In the case of an unexpected windfall, your team of advisors is even more important, especially if you are not accustomed to having money to manage.

 

HIRE HELP CAREFULLY

I’m frequently amazed when I read about professional athletes who have made tens of millions of dollars over their career who end up in financial trouble. Likewise, with winners of the lottery who go broke.

 

Often this is attributable to having received bad financial advice, or worse, having been the victim of financial fraud. While there is no surefire way to ensure that you don’t hire a bad adviser, it pays to interview several and to do some checking on them. Check out this guide to choosing a financial adviser from NAPFA.

 

DEAL WITH THE EMOTIONAL ISSUES

Windfalls such as an inheritance or a divorce settlement will likely also come with some emotional issues. The death of a loved one is always tough to deal with. Divorce may entail anger, sadness, and a feeling of being alone. In the case of a widow or divorcee, this might be the first time that you’ve had to deal with your finances on your own.

 

It’s important to let yourself deal with these issues and not to make hasty financial decisions based upon these emotions. Also important: don’t let any financial adviser talk down to you because you are inexperienced in dealing with financial issues. (For more, see: Winning the Jackpot: Dream or Financial Nightmare.)

 

LEARN TO SAY 'NO'

Once family and friends get wind of your newfound wealth you might find them lining up for a handout. Certainly, helping those close to you is good thing, but you need to set limits and you also must learn to say no. Who you help financially and to what extent will depend upon your circumstances, relationship dynamics, etc. Failing to set limits here is a great way to end up broke. 

 

PLAN, PLAN, PLAN

The key to your financial success in terms of managing your windfall is to plan. Specifically have a financial plan in place. Define your overall financial goals and put a price tag on attaining them. Has your windfall gotten you to where you want to be in terms of providing your children with a college education or being able to fund a comfortable retirement? Has it significantly narrowed the gap from where you are to where you want to be? Is the windfall enough to allow you to alter your current lifestyle and still achieve your long-term goals?

 

THE BOTTOM LINE

A cash windfall can be a life changing event, especially if it is unexpected. You want to make sure the impact on you and your family is a positive one, even if the windfall is the result of an unhappy event such as the death of a loved one or a divorce. Make sure that you take some time to do some internal planning and soul searching. Most of all hire a team of competent financial advisers to help guide you in doing a financial plan, investing the money, and dealing with any tax or legal implications that might accompany the windfall. It’s your money, take control.

 

The Koyal Group Private Training Services designs its online and on-site training to your particular needs, providing information you can apply while in training in order to reinforce the efficiency of that information. Our coursework qualifies state standards both for fraud and continuing-education upgrade. Our programs are adaptable and can be presented in various formats to address industry requirements and standards. Please visit and check our course listings.

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url 2014-07-28 02:38
The Koyal Group Private Training Services on How to Be a Private Investigator

 

Private investigators, or PIs, are private citizens with various types of training and experience. Investigators seek, gather, collect, examine and identify evidence in civil and criminal cases for lawyers, insurance companies and spouses for a fee. While it's not as glorious as the TV shows make it out to be, it can still be an exciting career.

 

Meeting the Requirements

 

1. Study applicable subjects in college. Presently, there is no specific degree, but there are degree plans that will benefit a career in this field. What's more, education can qualify as training and experience if your area requires licensure.

- A degree in criminal justice will focus on the study of laws that oversee and govern criminal behavior, criminal activity and the application of punishment for such behavior.

- A Bachelor of Science degree concentrates on the fields of chemistry, physics, mathematics and biology with emphasis in the fields of computer science and engineering studies.

-In California, for example, a law degree or four-year police science degree eliminates 2,000 hours of necessary work experience (an associate's degree eliminates 1,000 hours).

 

2. Keep a clean record. It goes without saying that you need to be a legal adult before you start on your private eye path, but you also need a clean criminal record. When you get hired at your first agency, you'll have to undergo a background check.  If you don't pass, you probably won't get hired.

- Felons aren't allowed to carry firearms. While you could be a PI without one (namely a self-employed one), it's a serious determent to your hire ability for legitimate agencies.

 

3. Check state and federal firearm requirements. A firearm is sometimes carried by a private investigator for safety. There are strict laws governing the issuance of a firearm. People with certain criminal backgrounds or felons are prohibited from carrying weapons.

- Having a license to carry firearms is not the same as having a license to carry a concealed weapon. It depends on where you live, yes -- so research the requirements of your current location. wikiHow has a plethora of information on the topic of gun permits.

- Certain states have "reciprocity" laws, while others do not. That means while you can carry a gun legally in your state, you may or may not be able to carry one in the next one over. Do your research -- if your bordering states don't have reciprocity laws, you may benefit from obtaining an additional permit.

 

4. Know the job requirements of a PI. Great communication skills are essential. While being a PI can be incredibly exciting, just like with most things it looks a lot more glamorous than it really is. The job, at times, will be incredibly physically and mentally draining. Can you handle it? Private investigator duties may include:

- Providing investigative and surveillance services for the client

- Conducting investigations for violations of state and federal laws

- Participating in raids, searches, manhunts and other operations

- Performing field surveillance to locate assets, places of employment and the status and residence of a suspect

- Preparing, organizing and maintaining records, correspondence and reports for court presentation

- Working closely and interacting with a client to successfully close a case

- Testifying as a witness in trials and hearings as requested by a client

- These are no small feats. Some cases may require working through the night, traveling, and the occasional adrenaline rush. Needless to say, it can be high-stress physically, mentally and inter-personally.

 

5. Obtain experience in a similar domain. In order to get your license (if you need one) you'll need a few years' experience in a related field. It could be as a sworn law enforcement officer, military police officer, insurance adjuster, employee of a licensed PI or licensed repossessor, arson investigator, or an investigator for the public defender's office, just to name a few. While this isn't 100% necessary, it certainly makes the path to being a PI a lot easier.

- Being a cop could actually work against you. Private eyes have to be silent and stealthy -- cops have a habit of claiming, "HERE I AM" when they arrive on a scene with their flashing lights, sirens, and shiny badges. Many cops who become PIs later in their career find it hard to make the switch from depending on their authority and uniform to depending on silence and stealth.

 

6. Get a license to investigate. That is, if your area requires one. Currently in the US, Alabama, Alaska, Colorado, Idaho, Mississippi, Missouri and South Dakota are the only states that don't require licensure. The same goes for England and Wales.  If your area does require some type of licensing (again, it varies by state or area), contact your local Department of Public Safety for more information.

- Most places require a combination of education and training to obtain licensure (and a clean record, of course). Your state may offer a specific course that you have to take or have a list of schools that are accredited in this domain. You may have to take a written test and take safety classes, too.

- Between classes, permits, and applying for the license, you're looking at forking over a few hundred bucks. See more...

 

The Koyal Group Private Training Services designs its online and on-site training to your particular needs, providing information you can apply while in training in order to reinforce the efficiency of that information. Our coursework qualifies state standards both for fraud and continuing-education upgrade. Our programs are adaptable and can be presented in various formats to address industry requirements and standards. Please visit and check our course listings.

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url 2014-07-17 03:16
The Koyal Group Private Training Services: 30 Day Sharp Shooter

30 Day Sharp Shooter promises it can improve people's shooting technique and give them a good chance of protecting themselves in any situation. This has caught the attention of GentlemensUniversity.com's Stan Stevenson, prompting an investigative review.

 

"Our 30 Day Sharp Shooter review shows that it contains tips and techniques not widely known among the public that Jason learned in his career. It will help you improve your accuracy when shooting," reports Stevenson. "Whether you are a beginner or have shot thousands of rounds, this course could benefit you. If you are a beginner, you will learn how to shoot with accuracy and confidence, plus get a ton of knowledge about gun safety, storage, and usage. If you have been shooting for a while, but don't feel completely confident in your shooting, then you will learn how to shoot with greater accuracy and greater confidence."

 

First, 30 Day Sharp Shooter teaches one a trigger control secret, which is the most important part of becoming a confident and accurate shooter, and it sets the foundation for the rest of the 30 days. Jason has included pictures to really give people insight into the technique. They will get some training that they can do from their home, such as the 'blank panel drill', which doesn't involve any ammunition, but still improves their accuracy. Every day during the month, they will get a drill to practice that will improve their shooting.

 

"From a professionally trained shooter, this defensive pistol course that improves shot accuracy is available for a fraction of the price that you would have to pay in person. You can also learn everything about keeping a concealed gun with the bonus book. During the week, the drills require no ammunition, and during the weekend, the drills are live-fire drills that will require you to head out to the shooting range.," says Stevenson. "Broken down into 30 days to allow you to focus on each drill and master it, you get instant access to the fun and informative guide and the bonus material. You will also improve your shooting so much that you will be confident in a dangerous situation."

 

"30 Day Sharp Shooter review is a great guide for anyone who owns a gun, but doesn't have the confidence to use it accurately in any situation. Only people who have been learning every technique possible would already know all the information contained in this guide. 'The big secret' is advanced techniques that not many people know. Anyone who wants to gain confidence with their gun and shooting will benefit from the guide and the bonus book included. The program does exactly what the title promises; it teaches you to be a sharp shooter in 30 days."

 

The Koyal Group Private Training Services designs its online and on-site training to your particular needs, providing information you can apply while in training in order to reinforce the efficiency of that information. Our coursework qualifies state standards both for fraud and continuing-education upgrade. Our programs are adaptable and can be presented in various formats to address industry requirements and standards. Please visit and check our course listings.

 

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