Finance Careers: Investment Banking Associate

As second-year MBA students chatter at cocktail parties, one of the major topics of discussion is who landed investment banking offers. Although the reputation of investment banking has taken a beating following the 2008 financial crisis, corporate finance jobs are still an incredible way to gain valuable business experience and earn a handsome paycheck.

Since the financial crisis, many perceive investment banking to have changed forever, and in many ways, it has. But there will still be IPOs, mergers and leveraged buyouts and a need to raise capital to grow businesses, and that means there will be jobs for those who have what it takes to succeed in corporate finance.

For the MBA, the typical entry job into the corporate finance department is an associate position. It’s a demanding slot, but it’s one rung above an analyst position, pays well and leads to great client exposure and business experience. So what will it take for an MBA to secure an associate position?

From B-School to I-Banking

Yes, corporate finance looks for bright individuals who can clearly articulate business insights and who will dazzle clients with social skills. But at the associate level, investment banks are also looking for MBAs that have strong finance experience and are driven and disciplined.

In terms of experience, bankers are ideally looking for candidates with previous corporate finance experience. Such experience could be a pre-MBA stint as an analyst or a summer internship with an investment bank. Firms also tend to value candidates with Big Four accounting experience, commercial banking experience or other positions that require significant exposure to finance and accounting.

Similar to the analyst hiring process, interviews for associate positions can be intense, and the ante is upped for candidates who have completed graduate programs and will be expected to work more closely with clients. Associate candidates should put in several hours of practice interviews and be prepared for all sorts of questions. For those who have already gone through the interview process as an analyst, the interview won’t be as intimidating (otherwise, get ready!).

Interviews may involve several rounds, culminating in a “super Saturday” round in which the top candidates meet with all the bankers at the firm for another round of interviews and socializing – giving the firm an opportunity to see which candidates are the best cultural fit.

As with most interviews, candidates must be prepared to impress the firm with their intellect and skills, but more importantly, they must prove that they are a likeable person that will work well with the firm’s employees. For candidates who receive offers, it’s time to get ready for life as an investment banking associate.

The Corporate Finance Quarterback

There’s a good reason why associates earn a healthy salary and a large bonus each year. In short, they are the quarterbacks of the corporate finance office. They may have analysts to whom they can assign projects, but they have to juggle multiple projects from multiple bankers with complicated schedules. Managing the analysts is no easy task either, as each of them are pushed to the max with their project workloads.

Like analysts, associates may start their day at 8 am and not finish it until 1 or 2am – and sometimes may not go home at all. They come in on the weekend to stay on top of projects and ensure that documents and presentations are completed with enough time for thorough editing. Associates usually put in as much time as analysts – often 80 to 100 hours a week at New York firms or 60 to 80 hours at firms off of Wall Street.

The Deal Cycle

Associates play a key operational role in the deal cycle of the corporate finance department. In the deal cycle, investment bankers – the vice presidents and managing directors – will either approach or be approached by companies with ideas for potential transactions. These deals may include IPOs, follow-on offerings, private placements, mergers and acquisitions.

Bankers will set up a meeting with the company called a pitch, in which they pitch the services of the firm to the company and present their analysis of the feasibility of the potential transaction.

At the pitch, the bankers will present the potential client with a pitch book – usually a hard-copy PowerPoint presentation that describes the credentials of the bank along with a detailed analysis of the market in which the company operates and often a valuation of the company itself.

If the company is impressed with the firm and interested in pursuing a deal, then it will engage the firm to execute the transaction. Depending on the type of transaction and the conditions of the market, these transactions can take anywhere from a few months to a few years to complete. At any point in time, bankers can be working on several pitches and deals all at once.

What do Associates Do?

Analysts tend to work on the front end of the deal cycle, working on pitch books for the bankers. Associates also work on the front end of the deal cycle, overseeing and editing the work of analysts in the preparation of pitchbooks.

But associates also assist in the execution of deals – preparing sales documents for various transactions, editing prospectuses and even discussing due diligence materials with potential purchasers in M&A and other transactions. As associates gain the respect of senior bankers, they may get to accompany the senior bankers on pitches and become more involved in business development.

A first-year associate may initially perform many of the same analyses as analysts – comps, DCFs, LBO, etc. – but associates eventually transition to more senior level work. Rather than cranking through the template financial models that analysts work with, some may redesign these models or build models specifically for particular deals.

Much of the legwork that associates perform involves spreading client financials to share with potential investors or drafting private information memoranda for M&A transactions or private placements. Because of the nature of this work, associates often work closely with clients, speaking with CEOs, CFOs and other members of the management team to assemble relevant information for sales documents.

Associates quickly learn to charm clients while at the same time leaning on them to provide timely, detailed information for sales documents. Corporate finance transactions can be extremely stressful on clients (and associates), and associates must be able to navigate tough situations where clients have become fatigued and emotional by the deal process.

The Perks of Being an Associate

Despite all the pressure and long hours, there are some payoffs for associates who stick around. Depending on the firm, starting salaries for associates can range from $100k to $150k, but when you add in bonuses that are often north of 50%, total compensation can range from $150k to $250k.

Many firms have a policy that when employees have to stay at work past 7pm, they get their dinner paid for. Like analysts, associates stay past 7pm nearly every night, so free dinners can quickly add up to a lot of money.

Other perks often include reimbursement for cell phone or blackberry bills, free cab rides for late trips home and the occasional opportunity to celebrate with other bankers at a lavish closing dinner.

Career Progression

If an associate chooses to leave the investment banking world, their experience can often be leveraged to move into positions that would normally require more experience. Investment banking is incredibly rigorous work with associates wracking up double the hours of the average worker and performing their work at an intensity level that is among the highest in the business world. It is no wonder that they have an easy time excelling in other careers.

For associates who hang around, two or three years of experience usually leads to a promotion to a vice president position. Hours for vice presidents may be a bit lower, but travel is a good bit more.

A high-performing vice president can make the jump to senior vice president or managing director after several years. Although the hours and seniority of these positions may be slightly more appealing than an associate position (senior bankers can still be found at the office on many weekends), they also bear much more responsibility for bringing in new business.

Like any career, anyone considering an associate position at an investment bank should look beyond just pay and prestige and think about whether or not they will enjoy the work. Some of the most valuable benefits investment banking has to offer are the incredible experiences of working with companies during pivotal times – and the character that those experiences build.

Adam Fish, aka Professor Fish, writes on educational finance topics at Finance Ocean – an educational resource to help people broaden their knowledge of finance.

How to Buy a Home Without Bank Financing Using Subject To or Owner Financing Techniques

What is “Subject To”?

Subject To refers to a form of financing where the purchaser buys a home “Subject To” all encumbrances (including but not limited to existing mortgages, back taxes, liens, etc.). Most commonly when you purchase a home utilizing the “Subject To” method, you can expect that the existing mortgage will be what you are taking over. So you would be purchasing the home “subject to” the terms of the existing mortgage, leaving it in place.

This method is used largely in situations where the home seller is unable to sell their home using conventional means or they need to sell quickly. Because there is no need to obtain new financing, the process can be completed very quickly (in as little as 2-3 days). Obtaining a new mortgage is typically the most time consuming portion of the purchase process. You have to go through the entire approval process, qualifying for the mortgage, providing numerous documents, etc. With “subject to” financing none of this is necessary, in fact there is no need to utilize a new bank at all.

Let me outline how this would work in the real world. You must first find a seller that is motivated to sell their home. Keep in mind there are many reasons a seller becomes “motivated”, not all of them are financial. A seller that needs to upsize or downsize can become motivated. Military sellers are prime candidates to become motivated, as often times they are given short notice to relocate. Sellers facing a divorce often become motivated because they just want “out”. Individuals who have received a job offer in another city or state will often become motivated. You get the idea. Be creative and you will soon be able to spot a motivated seller a mile away.

After you have identified your motivated seller, you meet with them to explain what the benefits of working with you to sell their home is. You explain it in the most comprehensive format, which is calling it “Owner financing”. There is very little difference between “subject to” and owner financing”. I will explain this shortly. Everyone has some concept and understanding as to what “owner financing” is. This will help open the dialog and offer a level of explanation. Many times sellers are behind on their payments and you can explain by selling the home to you will improve their credit scores and avoid a foreclosure on their record by taking over their payments and paying on time. If they are not behind, then identify what it is that they are trying to accomplish, and explain how selling to you will help them accomplish this goal (fast sale, highest offer, no need to repair etc.).

After they agree, you need to sign a contract stating that you are buying the home for a purchase price of at least the payoff amount (most times this is an adequate offer). Remember you are offering them a quick sale. The contract must state that you are buying the home “subject to the existing financing”, and that all parties understand that the mortgage will remain in the sellers’ name.

This raises the next most common question I get asked, “If the mortgage is still in the sellers name, how am I the owner?”. I am glad you asked! Much like the title to your car, a deed shows ownership of a specific property. If you sell your car what do you do to transfer ownership? That’s right you sign over the title. Likewise, when a homeowner sells their home, they sign over the deed. The deed and the mortgage are two separate documents. The deed shows ownership, the mortgage indicates who owes the bank money. The bank wants something of value to ensure that they will get the money paid back that the borrower owes. That is why a bank puts a lien on the property (thus the term “subject to” the mortgage). Are you starting to get the idea here? Exciting huh? You can actually buy a home without getting a new loan, paying loan origination fees, or all of the other garbage fees necessary to close on a home with a new lender. So of course you are still subject to fulfill the obligations of the original loan agreement or the bank will have the right to foreclose on the property if payments are not made.

I told you earlier there were minor differences between “subject to” and “owner financing, so let’s go over them now. First and foremost a true “owner finance” would not have an existing mortgage. The seller would own the property free and clear. So really it comes down to who you send the payments to. If the seller owns the property free and clear, you are safe to make payments to the seller. If you are buying “subject to” the existing mortgage, you do not ever want to make payments to the seller. You want to send them directly to the bank so that you know that the payment has been made. Why? Because if for some reason you send the payment to the seller and they decide not to make the payment to the bank, then you risk having the bank foreclose on the home through no fault of your own (except not listening to me!). Secondly with “subject to” the payments, interest rate, and terms are already set. With a true “owner finance”, this would all be negotiable (I recommend you start with 0% financing).

Next, the closing attorney or escrow agent (title company in some areas), is responsible for carrying out the agreements in your contract. You want to work with a knowledgeable, investor friendly agent to perform these tasks. They will do a title search. This is imperative, as this will disclose any and all mortgages, liens, back taxes, etc. Remember you are taking this home “subject to” all of these things. The purchase agreement (contract) is written exactly like any other purchase agreement. You just need to add the important verbiage that directs the closing agent of your wished (see above).

This is an exceptional way to buy a home without obtaining new financing. You do not have to be “qualified” to utilize this method of financing, because the loan has already been issued. All you do is set up automatic payments to go directly to the bank. Everyone is happy. The seller sold their home, you the buyer purchased a home without new financing, and the bank although they are unaware continue to receive their payments and interest (after all that is what they are in business to do). So now that you know an alternate method of purchasing your own personal home or investment properties, there is no need to participate in the so called “credit crunch” Happy buying!

Mr. Woodhams began investing full time in 2004, after he determined that real estate was a commodity that would always be needed. He quickly began acquiring properties for both resale and long term holds. After obtaining 10 properties, he learned a disheartening lesson. He could no longer obtain financing for his real estate investments. There was a Fannie Mae and Freddy Mac rule that stated no one person may hold more than 10 mortgages in his or her own name. Undaunted, Mr. Woodhams began researching creative financing and happened upon the strategy that he now employs in nearly every aspect of his business, “subject to”. He developed such a passion for the method that he began extensive training and research on the topic. He became an expert in this field and sought after by many investors looking for solutions to their credit needs. He began holding public seminars, training fellow investors on utilizing this method.

Standby Letter Of Credit: What Is It? And How Can It Be Used For Project Financing?

What Is A Standby Letter of Credit?

The Standby Letter of Credit (SBLC) is classified as a “letter of credit” (LC), also called “documentary letter of credit” (DLC). It is a term widely used to secure payments in national and international trade. The document is issued by a financial institution, at the request of the buyer. The buyer also provides instructions for preparing the document.

A standard commercial LC is used principally in international trade finance dealings of substantial value, for trades between a provider in one area and a client in another; which usually provides an irrevocable payment bank undertaking. However, there are other purposes and uses of a DLC.

The letter of credit format under a Standby Letter can also be used for payment on a transaction. When redeemed, the Letter compensates an exporter. Additionally, an SBLC can be used in a land development effort to ensure that approved public installations (streets, sidewalks, storm water system ponds, etc.) will be built. The companies to a LC are usually a beneficiary who is to obtain the money, the issuing bank of whom the applier is a client, and the advising bank of whom the beneficiary is a client.

The International Chamber of Commerce (ICC) in the Uniform Custom and Practice for Documentary Credit (UCPDC) defines an LC as follows:

An arrangement, however named or described, whereby a bank (the Issuing bank) acting at the request and on the instructions of a customer (the Applicant) or on its own behalf:
Is to make a payment to or to the order third party (the beneficiary) or is to accept bills of exchange (drafts) drawn by the beneficiary.

Authorized another bank to effect such payments or to accept and pay such bills of exchange (draft).
Authorized another bank to negotiate against stipulated documents provided that the terms are complied with.

A key principle to remember with the Standby Letter of Credit is banks deal only in documents or goods and do not involve themselves in the commitments and contracts between the two parties directly. The concern of the issuing bank is the terms and conditions of the letter of credit itself. The decision to pay by an SBLC is based entirely on whether the documents submitted to the bank appear on their face to comply with the terms of the LC.

Unlike a traditional LC where the beneficiary obtains payment against papers demonstrating delivery, the SBLC may allow a beneficiary to obtain payment from a financial institution even when the applier for the credit has neglected to perform as per bond.

Initially used by the depository financial institutions in the United States, the standby letter of credit is very much alike in nature to a bank guarantee. Under this context, the main object of writing out such a credit is to secure bank loans. The SBLC instruments are usually cut by the appliers bank in the applicant’s country and apprised to the beneficiary by a bank in the beneficiary’s country.

How Is A Standby Letter of Credit Used In Project Financing?

Although some restrictions and conditions apply from one instrument to the next, all letters of credit are negotiable bank instruments. This allows the instrument to be rated and valued and exchanged for consideration. In other words, being a bank instrument not unlike a bank guarantee, the standby letter can then be monetized.

The use of this type of LC is almost altogether separate in purpose and issuance than a traditional import LC. Asset holders can leverage their financial holdings by issuing bank instruments for the purpose of making loans and issuing lines of credit for project financing.

The text or legal verbiage used on the SBLC will likely differ in substance from its use in payments for international trade, but will still keep intact its identity and core functionality as a DLC. Once an applier’s issuing bank agrees upon the language of the bank instrument with the lender’s beneficiary bank, the instrument would be issued usually through the SWIFT interbank communication protocols to make the necessary bank guarantees in the delivery process.

The most commonly used SWIFT communication for documentary letters of credit is the SWIFT MT760. This format of the SWIFT code is used when orders are made for a bank to aval (make commitment) with full banking responsibility on a promissory note. With the successful execution of the SWIFT MT760 the instrument is also considered to have been “fully delivered” from the issuing bank ledger to the beneficiary bank ledger.

By doing this an asset holder can leverage and monetize the financial assets on account with a bank and thus promote project financing through credit enhancement; a process of providing cash collateral security through bank instruments making loans and lines of credit.

Banks can then allow the financing against bank instruments issued from an asset holder on behalf of a beneficiary, which beneficiary constitutes a lender looking to make loans for an applicant seeking project financing.

The applicant approaches both the asset holder and its issuing bank concurrently with the lender beneficiary and its bank. Through a fee-based contract with a service provider the applicant can utilize the asset holder’s banking capability and credit worthiness to fulfill the lender’s security requirements for making a line of credit towards project funding. The bank instrument may be the primary security or secondary collateral used to make the loan.

The rating of the issuing bank as well as that of the letter of credit itself make up some of the constituents the lending ratios are based on. Other parameters may also include the viability of the project itself, the assets of the project, the assets of the company applicant, and the credit worthiness and financial soundness of the applicants involved.

One of the key components to the transaction for the asset holder, or original owner of the cash assets backing the standby letter, is ensuring the applicant is successful in getting a banking undertaking from a top rated and financially sound bank. The bank undertaking makes promises to guarantee the safe return of the instrument upon its contracted term expiry unencumbered and free of any liens.

This may sound easy enough, but most underestimate the willingness of a beneficiary bank to guarantee such a promise on behalf of its borrower unless they feel a) the project is sound, b) there is a sound repayment plan with exit strategies in place for fail safes against potential default, and c) the client has the wherewithal to make extensions on the loan should they be required, and they often are.

The beneficiary bank cannot return an instrument before the loan is repaid and lien removed. Like it would be expected of a lender they will go through often exhaustive measures to ensure their risks are minimal, otherwise there will be an unwillingness to stand behind the loan undertaking in the first place.

Creative Financing For Small Businesses

Creative financing is an interesting concept that has many business owners wondering how it could work for them. Many business owners are still not aware of the non-traditional financing methods that are taking the place of traditional bank loans or are working in conjunction with banking institutions. Some of these creative financing methodologies are not loans. They cannot be accessed through traditional financing sources based on their conceptual makeup. The conceptual makeup of some of these options could include the use of your creditworthy clients, government contracting capabilities, current paper or tangible assets, or even the use of your future expected payments.

When small business owners can look “outside the box” to get the financial assistance that they need, this creates a win-win-win situation. A lot of creative options require a banking institution be involved but do not necessary require them to be a part of the process. When these financing options are used effectively, many small business owners, and even large corporations, usually see the benefit.

Banking Risk Tolerance

It is often said that “Banks are not lending”. This is not true. Banks are in the business of lending. Without completed loan transactions, banks would go out of business. The issue you face, as a business owner, is the banks’ tight lending practices, especially in today’s tight lending market. When this affects you negatively, the simple truth is that you and your business do not fit that particular bank’s lending model or their level of “Risk Tolerance”. Banks are averse to risking their capital.

Conservative lending institutions such as banks will not risk their money to support your venture. Your venture or business must show sustainability in advance. This will make that lender happy to loan you money.

Creative Financing Solutions

This financing model varies across a number of sectors and is not contained in its lending practices like traditional institutions. Creative financing solutions develop based on a demand or the need to solve a financial issue for a large group. When business owners are denied access to capital through the banking sector, not everyone will give up on their dream of moving their business forward or be satisfied simply surviving through economic hardship.

Creative financing sources address the demand for access to capital in a variety of ways. These options are usual provided and operated by private companies. Many have private investors who prefer these types of investment avenues. These solutions go across all types of business sectors including medical, construction, food, manufacturing, government, and more. When a business owner seeks out this kind of financing, the success factor is dependent on the industry, payment sources, customer or client’s credit report and score, current contracts and much more.

Types of Creative Financing

Factoring – Most companies that must produce an invoice after the delivery of goods or services can use this option. This model facilitates the sale of your invoices (assets) in exchange for cash. This option is not a loan.

Equipment Lease Financing – is a loan. You are able to purchase the necessary equipment for your business and pay in installment payments instead of having to pay the full price of the product upfront. There are tax incentives, so talk with your CPA.

Micro-Loans – are available both through traditional financing and creative financing sources. The difference between the two is in the terms offered. This option can fill a gap if you need a larger loan. Use it appropriately and you can always reapply.

Peer-to-Peer Lending – This is a loan program that is available online. Through many online peer-to-peer lending sites, you can obtain up to $25,000 depending on your need. This concept takes a crowd of people lending you small amounts equaling the amount you need. The important thing to note is that the risk to the individual lenders is minimal as many choose to lend in small amounts as low as $25.

Crowd Funding – has gotten a lot of attention in the last few months. Two year ago, this option was nowhere on the radar of financing options. Today, between sites such as IndieGoGo and Kickstarter, you can now raise funds for your project or business and do not have to pay it back. Now, this does not mean you do or give nothing in return. It simply means that you will repay the crowd or group of individuals that believed in you enough to give you a set amount with non-monetary items.

This concept simply uses a crowd of individuals to finance you. This is not a loan. It is similar to the “Barter trade” system. A good case in point – you want to publish your book but don’t have enough marketing capital. When you announce this project to your audience, they will support you based on your pledge to give something in return. An example of this would be someone pledges $25 and once the book is published they get a copy of the book or an eBook version.

Finally, business financing is no longer tied to just the banks. Individuals and other organizations realize that we must find solutions where there are problems, and that is exactly what these creative financing sources have done.

Racing Awards, Medals and Customized Gear for Runners

Running, whether it be a 5k with the family, a 10k for an extra challenge, or a marathon for the elite runners, can be a very exciting and memorable experience. Running is a very personal sport to lots of people, as it can be great exercise and can make you look and feel very refreshed. Tons of awards are given out to winners at races each year. For people organizing these racing events, finding customized and personal running gear can be difficult, as well as finding unique prizes for running champions. When orchestrating a race, you want to have a memorable competition. Medals and unique prizes can help to make the race more exciting. Participants can keep prizes as souvenirs, and remember the experience better because of a keepsake.
The most important souvenir a competitor can take home is a winning medal. Those are worn with pride, and showed to family members and friends. They are often hung on walls, or shown off where they can be seen. Of course, medals need to be personalized, unique, and specific. You cannot award a running champion with a medal that doesn’t recognize what it’s for. It is often a perfect idea to find a company that will provide you with customized prizes for winners. Often, you can ask for customized medals that include the date, the name of the race, and the name of the company sponsoring and orchestrating the event. That way, when people proudly show their winning medal to others, the people who made the event happen will receive the credit and publicity they deserve.

In addition to medals, running apparel and gear can be a great way to make the race more memorable. Unlike medals, gear is commonly worn and would be used often. Passing out swag, such as customized shirts, jackets, hats, and bags can be a great way to add to the excitement of the race. Races with their own gear are viewed as more unique, as they have customized logos and attractive designs. Shirts can be given out to families, and jackets can be sold at the finish line. Hats can be passed out before the race to keep the sun out of the athlete’s eyes. And, of course, bags can be kept forever and used for multiple occasions. Having the name and date of your race on these items can help to increase publicity and help the runners remember what a successful and memorable race it was. Customizing these mementos can help to define a great race, and will definitely help a race to be more exciting and enjoyable.

Gamble on Line – Possess these Various Advantages for your own

There Really are assorted kinds of games and sports which can be found around the world and human beings possess significant interest within them. There’s simply no uncertainty at the simple fact this one among the absolute most essential explanations for why the games and sports really are all important to this public is on account to how those toss some type of troubles .

There Is just 1 particular certain form of video sport which likewise causes it to be into this set of their treasured games which people are able to playwith. And it’s also not any aside from betting. Betting fulfilling the exact same and is exactly about challenges. There are areas. But once again if it regards betting on line the huge benefits really are far a great deal greater than that which it’s possible to see right now.

Now you Must definitely make certain which you’re choosing the optimal/optimally internet web sites as a way to acquire through together using the practice of betting absolutely. And this is what’s going to offer a great deal of benefits to you.

A Variety of Benefits of gaming Internet:

After Would be the numerous benefits of betting on line that individuals have to be mindful of:

· Convenience:

Comfort Is decidedly among the greatest explanations. Here really is some thing which functions being a boon because you aren’t going to need to go everywhere whatsoever.

· Engage in every time you enjoy:

This Is another benefit that is important you have to know of. The internet singapore casino has ever let exactly the exact same as properly. You may be certain you are surely becoming to engage in midnight or sunrise much.

? Perform from anyplace:

Now you Maybe in almost also you also may adore the access to the games online and virtually any nation.

Each of In making certain you’re receiving through, These items can help you With the consequences for on line.

Coloring Pages Growing Horizons Of Kids

Children are amazing. They know whatever they are taught. If You wish to enhance the horizon of one’s children, and it’s time to get them participated together with coloring pages. Yes, even they all are on line pages that offer many different ways to bring the hidden talent in your kids. These coloring pages comprises of exceptional lessons that are conveyed at a manner that is fundamental to enable kids to grasp.

Coloring Pages – Benefitting Childrem

Worrying concerning the cost in Association? Chill, as they truly have been available at no price tag. Furthermore, you need to stay away from the stress of shopping for exceptionally costly gadgets that are educational. Everything you will need to have is your distribution for your own printer. It can open the pathway for both kiddies to take high benefits in association with internet colouring pages.

You must be wondering why children Have to Be included in coloring. The main reason is that coloring an image will absolutely control the entire attention of one’s kid. They is going to be in a favorable position to concentrate regarding completing their work followed closely by presenting the most useful finished merchandise.

Parents Can Be Getting Brief Repite

Additionally, Mom and Dad Will Have the Ability to Acquire short respite as your Children will probably undoubtedly be coloring pages which is really a funny exercise. On the web coloring pages have been well known to give children several of the best educational gains entirely. They is going to soon be memorizing numbers along side titles of veggies as well as creatures.

More vulnerability to coloring, simple will probably be learning methodology. Kiddies will secure a chance to fortify the coordination between eye and hand . Since they’ll be learning to color lines, abilities will grow in a ultimate manner. Psychologists state that coloring offers an insight into emotions of children in an imaginative way.

Which exactly are you thinking? Involve your kids with coloring Pages in the earliest.

Types of Wood Siding Available for Homeowners

When building your home, even the smallest decision could make a world of difference in what it ultimately looks like. This is also true when undertaking an exterior redesign project. Siding, among other key characteristics, is one of those big decisions that could entirely alter your home’s exterior appeal based on your decision.
Although plastic siding has become a popular option in recent years due to pricing, traditional wood siding remains the preference for many homeowners. This is because wood siding offers customers numerous benefits over their plastic counterparts. Benefits include:

• Wood siding is eco-friendlier than plastic

• Wood is more aesthetically appealing

• Many types of wood are naturally resistant to mold, mildew, and rot, which allows the home owner less maintenance

• Wood lasts longer

• …And much more

One of the main benefits is that wood naturally takes to paint, stains, and other decorative options incredibly well. Plastic, on the other hand, often must be crafted in the customer’s color choice – meaning that options are limited. Once decided upon a type of wood siding, however, you can then choose any type of finish. Whether you want to paint your home the colors of the rainbow, or opt for a natural dark wood stain, anything is possible. Below we look at four of the most commonly used types of siding available: board and batten siding, bevel, tongue and groove, and lap siding. Each has their own aesthetic appeal so that there is something for every person’s unique tastes.

Board and Batten Siding

Board and batten siding is a vertical design created by using two different sized boards. The wider boards are set beneath, while the narrower boards are placed atop the joins. These narrower boards are called ‘battens.’ There are no set widths, so homeowners can choose their preference. The most commonly used measurements, however, are 1 inch by 3 inch battens placed over 1 inch by 10 inch boards.

Bevel Siding

Bevel siding is the most commonly used siding. Installed horizontally, boards are cut at an angle so that one side is thicker than the others. This creates a shingle effect, or the appearance that the boards are overlapping one another. Tongue and Groove Siding Tongue and groove siding is incredibly versatile. Available in both rough and smooth board finishes, it is fitted together tightly to give a sleek appearance. It can be installed in any direction, which does not only include horizontal and vertical, but also diagonal.

Lap Siding

Lap Siding is also known as Channel siding. This siding is very versatile, with installation capabilities for any direction (like the above tongue and groove siding). This unique siding features boards which partially overlap one another, and the ultimate results are a rustic appearance like those of a hunting cabin. If you’re interested in learning even more about wood siding -including less commonly used types available – you can contact your local siding specialist or construction expert. They will be able to give you more detailed information, including a price estimate for your area.

The Best Way You Can Double Your Winning Into Sports Betting?

Have You any idea how much cash is used on sports betting? Well, that’s a significant bit. But regrettably, a lot of the cash is equaled broadly speaking by amateurs who lose. Sports gambling isn’t simply a topic of random probability. It is far much more of the competition with experts. In online betting you can’t provide an explanation that you are a newcomer.
Much like The sport is gaining a massive share. In fact, there is a excellent share of people that have intended to change the gambling sports online betting with their whole time source of income.

To be A winner in sport betting, you have to keep aside your emotions and also follow the following strategies:

· It is all about the chances

The First step of sport gambling lies on what club you will invest your dollars. Take aid. He will certainly place his money onto that team that may give the best outcome.

· Guess by Means of Your head and not heart

Even a Because they utilize their core more than their thoughts number of individuals reduction in sports bet. Betting can be a calculative game. So, you have to understand to figure your own risks and dangers in addition to learn how not to collapse into the snare of these kinds.

· Spend Money on everything you know

Never Invest you don’t understand. This advice should also be followed for sport. Persons have a tendency to bet upon high profile matches. However, the facts is that the actual athletics professionals bet upon the people that are most ignored. This yields to raised outcomes compared to people who gamble on top superior matches.

· Acknowledge your losses

No Matter how skilful you are, you should be ready to just accept your reduction with all the Same spirit in that you simply accept the victory. Afterall, it is a game. Winning And losing is now part of each and every game.

Adding Value to Your Home with A Sunroom

Regardless of where you live, it’s likely that you want to make the most of your home’s outdoor space. Intense climates with scorching summers and freezing winters make it difficult to enjoy being outside. In addition to weather, mosquitos, flies and other pests often send people right back indoors. People are looking for ways to enjoy being outside without its nuisances. Sunrooms are an excellent solution.
The addition of a sunroom to Tennessee homes creates a middle ground between being indoors and outdoors. Though there are variations of each, the two main types of sunrooms are those with glass-paned walls and those with screened walls. Both sun and screen rooms allow you to be outside while offering you varying amounts of protection from insects and weather.

Screen rooms are the most basic and inexpensive form of a sunroom. Built onto decks or porches, the walls of a screen room protect people from insects and other pests. An enclosed roof offers shade from the sun and a cover from the rain, but for the most part, screen rooms are subject to temperatures and weather. While they can’t be temperature controlled, screen rooms can come with electricity for lighting and ceiling fans. Screen rooms are most enjoyed when the weather is comfortable.

Stepping up from a screen room, a traditional glass paned sunroom offers considerably more. Basic sunrooms provide protection from rain, snow and wind and increased protection from temperature. Electricity for ceiling fans and lighting are available as well as full temperature control for higher-end models. Because they are less subject to weather, sunrooms can be enjoyed during more parts of the year.

Like a typical room addition, sunrooms near Knoxville are a construction project. Before anything can begin, a plan must be made and building permits obtained. Once that’s in order, a foundation can be laid, walls put up and roof placed on top. With the installation completed, sun and screen rooms become a permanent addition to a home.

Whether you opt for a simple screened version or an advanced glass paned one, sunrooms are a great addition to any home. Every sunroom adds valuable and usable living space to a home. Sunrooms make excellent home offices, game rooms or art studios. The natural light of the sun with protection from insects and weather make sunrooms the perfect place to entertain guests, enjoy breakfast, or simply kick back relax.