I am worried about my business.
Why, what’s wrong with it?
I do not have enough customers.
Are you advertising?
Yes, I have advertised with fliers, newspapers, magazines and billboards.
Have you posted anything about your business online?
No, I did not think that anyone would see my business on the internet.
That isn’t right at all, many people would see it!
I thought most people use the internet to talk to each other.
The internet has become a very big market for e-commerce.
What is e-commerce?
E-commerce is any business transaction that is done online instead of in person.
Do you really think that it would help my business?
Yes, it will help you to reach many more customers.
How do I start?
The first thing you should do is set up a website for your business.
I don’t know how to make a website.
Then you can hire someone to do it for you.
What do I do after I have my website?
Then you can list your products on it.
How will that help my business?
What does your business sell?
My business sells clothes for children and babies.
When someone goes online and searches for children’s clothes, they will see your website in a list of choices.
And what happens if they choose to look at my website?
They will see what you are selling and if they like something, they will buy it online.
This is wonderful! I can use e-commerce to reach customers that are not in my town.
Exactly, and the more customers you can reach, the better your business will do.
Good Morning Sir, how may I help you today?
I would like to apply for a loan please.
Very good, and what kind of loan are you looking for?
I want a loan to buy a new home.
And how much were you hoping to apply for today?
I was hoping that I could apply for a $250,000 home loan.
First we just have to see if your credit is good enough for a loan that large.
I have a credit score of 760.
Excellent! And I also see on your credit report that you have always paid on time.
Yes, I know how important it is to pay your debts and pay them on time.
Will you be making a down payment on your new house?
I have ten thousand dollars available for a down payment and I would like to finance the rest.
I have just a few more questions for the application. What is your gross monthly income?
I make $750 a week, so I suppose my average monthly income would be about $3000.
How long would you like the life of the loan to be?
What are my options?
You can choose between a ten, fifteen, twenty or thirty year loan.
What is the difference between a fifteen year loan and thirty year loan?
A fifteen year loan will mean higher monthly payments, but you will pay less interest.
So a thirty year loan will mean lower monthly payments, but I will end up paying more in the long run?
That is right. Which would you prefer?
I think I would rather pay it off sooner and not pay as much interest.
Then we will sign you up for a fifteen year loan.
What is my interest rate?
Based on your credit report and excellent credit score, your interest rate will be 5.9%.
That is great! Where do I sign?
Just fill out this remaining paperwork and we will get you into your new home.
Good morning, I would like to apply for a credit card.
Wonderful! Please have a seat. Which credit card interested you the most?
I wanted to apply for a Mastercard please.
Alright, we can get started on the application. Are you currently working?
Why do you need to know if I am working?
The bank needs to know that you will be able to pay back your credit card.
Ok, I understand now. Yes I do have a job.
How long have you worked at your job?
I have been working with this company for two years.
And what is your gross monthly income?
I make $2500 a month before taxes.
Do you rent or own your home?
I rent an apartment.
What is the amount you pay for rent every month?
I pay $800 a month in rent.
Now I am going to check your credit report to find your credit score.
Why is my credit score important?
We use your credit score to determine how reliable you have been in the past.
Oh, so you want to know if I am good about paying my debts.
Exactly, and it looks like you have a credit score of 700.
Is that good enough to get a Mastercard today?
Yes, and because your score is high, we can also give you a low interest rate.
How will the interest rate affect my credit card?
The lower your interest rate, the less you will have to pay back the bank.
Very good! Is there anything else for me to do?
Just sign this form and you will receive your Mastercard in the mail in a few days.
I need a part-time job.
You should think about freelancing.
What is that?
Freelancing is a way to make money with your skills without committing to one employer.
What skills are required?
Many freelancers use their writing skills to complete jobs.
I like to write.
You can use your writing skills for different companies.
What would they want me to write about?
It would depend on the company.
Can you give me an example?
I did a freelancing job for an online store that wanted an advertisement for a specific product.
How much do you get paid?
Each company will pay you differently.
How much money did you make for the advertisement?
I made $7.50 for that specific job.
That is not a lot of money.
Many freelancing jobs will pay by the word.
So the more you write, the more you will be paid?
Yes, but many companies will also put a limit on how many words they want for an article.
That does not seem like a good way to make money.
It is a good part-time job because you can work in your spare time.
I would want to freelance for more money.
The more jobs you take, the more money you can make.
Is there a limit on how many jobs you can take?
You can take as many jobs as you like as long as you have the time to finish them.
I will look into it and see if it is a good way for me to make extra money.
I just got into a small accident with my new car.
Are you alright?
I have a small headache, but other than that I am fine.
I was not paying attention when I was looking for a parking spot and I hit another car.
Did you hit it head on or on the side?
I ran into their back bumper as they were backing out of a parking space.
Was the other driver hurt at all?
No, thankfully it only jostled her a little bit.
Wow, it’s a good thing that you have insurance.
I know. I am so thankful that I pay a little extra every month for full coverage.
What is the difference between full coverage and liability only?
Full coverage costs more, but it will pay more to have your car fixed if you get into an accident.
So you won’t have to pay for the damages to your car from the accident today.
I have to pay a small deductible, but it is still a lot less than I would have to pay to fix the car myself.
What would liability cover?
Liability would only take care of damages to someone else’s car, but not mine.
Does your insurance cover the damage to the other car too?
Usually it would, but the other driver did not have any insurance.
If a driver does not have insurance then you are not responsible for damages to their car?
Yes, because you are not supposed to drive at all unless you have insurance.
Did you receive a ticket for the accident?
Yes, the police officer gave me a small ticket because it was my fault.
Did the other driver receive a ticket too?
Yes, their ticket was higher because they did not have insurance while driving.
I wonder if the other driver knew how important it is to have car insurance.
If she did not know before the accident, I hope she knows now.