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What the Schools Will Never Teach You: 3 Well-Kept Secrets to Financial Success

March 19th, 2019 Posted in learning about money, millionaire mindset
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When it comes to Money, Lifestyle and finance, in general, there are lots of financial secrets you may never find in theories, especially in schools- these secrets are financial hacks you must unlock yourself. How will you feel, finding yourself in huge student debt, after spending thousands on college or university and still unable to learn one of the biggest lessons of life? Here are some well-kept secrets to financial success that your schools may never teach you.

What the Schools Will Never Teach You: 3 Well-Kept Secrets to Financial Success - success visualisation image

Visualizing Your future is a Great Path to Financial Success

Some financial experts have been able to carry out a thorough investigation on how your financial success can become a manifestation, through continuous visualization. When you visualize, you become clear of your goals and begin to see yourself living in the future already. Many business and finance students are under-utilizing the tool of visualization but if you actually want financial growth, see yourself as of now in that very successful position.

When you see yourself in that financial success right now, you begin to attract individuals and new leads that will drive you towards achieving that dream- this is the simple law of attraction that no school will ever teach you.

There are Many Other Income Streams Besides the Regular White-collar Job

When you are growing up, your mind and brain will be conditioned towards studying hard in school, getting a good grade and landing a job in a company that pays well. The school will also teach you to do everything it takes to climb the corporate ladder, and then save money to become richer.

Most schools wouldn’t want to mention individuals who do not follow these stereotypical routines to become rich. as an adult, you are now beginning to realize that there are several other ways to make money and you even wished you have discovered these opportunities earlier on. The simple truth is that having multiple streams of income aside your regular job is the key to huge financial success. A side business makes you feel like a boss, aside from generating extra money for you.

There is a Correlation Between Emotion and Money

When you are in school, you may be hardly taught about the psychology of spending. When you become an adult, you learn the hard way that our emotions and spending are intertwined. You will hardly find teens and young adults who can control their emotions especially when they see things they like. Becoming a financial success has a lot to do with being financially disciplined. This means you should rather spend on what you need and not your wants.

In conclusion, you need to understand that money is a tool that you need to work with if you truly want to become financially successful. You need to re-educate yourself when it comes to making your money work for you. With the help of a financial advisor, there are several ways through which you can make your money work for you as a tool in order to become financially successful.

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Why Is Technology Important To Your Money?

March 12th, 2019 Posted in Entrepreneurship, learning about money
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When you don’t have an affinity for technology, it can be easy to find yourself looking for ways to avoid using digital devices all together. As few of life’s tasks will be given to these machines, with paper still playing a large role, and this is how a lot of people still live. Of course, though, when you don’t use the latest gadgets and gizmos, you lose a lot of the benefits which other people will be getting. To help you out with this, this post will be exploring the importance of technology in the field of finance, giving you a few more reasons to start using the tools you already own to better control your money.

Why Is Technology Important To Your Money? - computer and money image

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Missed Communications

Most businesses hate using paper to do their work. Compared to emails and SMS messages, using letters is horrendously expensive, costing some companies millions to reach all of their customers. To cut costs, most banks will send as little as possible through standard mail, using digital communication methods to get information across. This makes it hard to choose financial companies based on their merit, when you’re only using old school tools. While some will still offer paper correspondence, it is becoming rarer and rarer, and this is something which some people are struggling to adapt to.

Security & Monitoring

Thanks to the wave of recent cyber attacks which have impacted companies across the world, a lot of users feel worried about security when it comes to online banking. In reality, though, these companies are the world’s leaders when it comes to data security. They have built their online systems to be secure from the ground up, and can often provide you with greater security when you choose to use their online services. For example, if they are able to use the web to learn about your spending habits, they will be able to send you an alert if something doesn’t look right, often stopping fraud before it becomes a massive problem. However, it is also recommended to look at getting data protection officer services to ensure there is no breach of GDPR.

Ease Of Use

Filling out paper forms and using letters to keep up to date with your banking is never easy. In fact, when people choose to go down this route, they will often find that they make mistakes, with the work which they have to do being incredibly complicated. Tools like MTD software can take things which people find the hardest, like tax, and make it into a streamlined and simple process. The only way to make something like this easier it to hire someone to do it for you, and this will cost a small fortune.

With all of this in mind, you should be feeling ready to start learning how to better use technology when it comes to improving your finances. Most people have room to grow in this area, and the smallest changes can often have the largest impact, making it worth spending plenty of time on this to make sure that you’re getting it right. Once you’ve learned how to use a piece of tech, it will only get simpler.

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A Beginners Guide To Bitcoin and Blockchain

November 27th, 2018 Posted in Investment, learning about money, Money Tips
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You have probably heard the terms Bitcoin and Blockchain but maybe you don’t understand what they mean. The post below and accompanying infographic provides a beginners guide to Bitcoin and Blockchain.

Bitcoin is the first ever decentralized cryptocurrency which can be even termed as the digital or virtual currency, says cryptosuper.market. Bitcoin is fungible, portable, divisible and irreversible.

The Bitcoin was invented by the name SATOSHI NAKAMOTO in the year 2008 and it was later published as open source in the year 2009. But the person or group behind the invention have no traces of identity as the bitcoin was published by an unknown person or group using the alias Satoshi Nakamoto.

After the invention of Bitcoins many cryptocurrencies emerged, where some used the same system and structure of bitcoin and others implemented the structure and made better digital form of currency. Though there are many forms, bitcoin stands first-1st among them. As the rest of the forms are derived from the bitcoins they are often termed as ALTCOINS which means Alternate coins of bitcoin.

At first Litecoin was taken as an altcoin which later lead to various Altcoins as Dogecoin, Ethereum, Monero and etc. Each and every altcoin has its own specifications where some of them even beat the functioning of bitcoin in some aspects as some of the Altcoins stand as the best by offering greater anonymity than bitcoin.

A Beginners Guide To Bitcoin and Blockchain – What is Blockchain?

To record all the transactions of the bitcoins a public ledger called BLOCKCHAIN has been invented where the blockchain stood as undeniably an ingenious or a creative invention. The blockchain plays an important role, the whole bitcoin network completely relies on the blockchain.

Blockchain is further classified as three types namely public, private and consortium blockchain. Generally blockchain follows a state of consensus where the transactions takes place between the users and are usually confirmed within 10 minutes of Block Time by the network, through a process called Mining.

Block time is often defined as the time taken by the network to generate an extra block in the blockchain. The Block Time differs for each and every Cryptocurrency form, the Block time for Ethereum is 20 seconds.

A chronological order is enforced in the blockchain system by mining. Mining allows different computers to agree on the state of system and it protects the neutrality of the network.

The first ever international blockchain transaction was completed on October 24, 2016. Brokered by the Commonwealth Bank of Australia and Wells Fargo & Co (WFC).

Now there comes the question of storage of bitcoins, bitcoins are generally stored in the bitcoin wallet or crypto wallet. Cryptocurrency is not actually or directly stored in a crypto wallet.

Instead, a private key is stored that generally shows ownership of a public key. So in general a crypto wallet stores both private and public keys and allows to receive and send coins.

If a person loses his / her wallet due to the corruption of the wallet file or hard disk or the data disruption the lost bitcoins that are present in the wallet can’t be retrieved back and they are to be considered that they are lost forever. There are many offline and hardware wallets available.

The Bitcoins use peer to peer (P2P) networking system which doesn’t involve any third party interference in the transaction process. The success rate of the trade increases with the P2P networking system.

P2P networking system became first popular in 1999 with the introduction of Napster application, it is a file system which generally has a set of central servers that’s used to link people who had files with those requested files.

Since the transactions directly take place between the users without the interference of any third party, the transactions are irreversible.  But at one point it is possible to refund if and only if the receiver agrees to cancel the transaction.

Generally people often get confused about owning a cryptocurrency, the major point that concerns them which coin to select. Though bitcoin stands first it even has some drawbacks which are recovered in its altcoins. People now-a-days are interested in bitcoins because of its speed of transaction and very low transaction fee offered.

Bitcoin is the world’s most widely used cryptocurrency and thus bitcoin is increasingly viewed as a morganatic or legitimate means of exchange. But there is even a point to be concerned as the price of bitcoin is volatile, price of bitcoin can unpredictably decrease or increase over a short period of time due to its novel nature, young economy and illiquid markets.

It isn’t a tough task to own a bitcoin as there are 4 basic ways through which a person can own a bitcoin, a person can buy them form bitcoin exchange sources or can buy bitcoins from any of their friends or relatives or near by trader or by Accepting Bitcoins as payment for goods and services they provide or by mining the bitcoins.

All the three ways are simple and easy but care must be taken while dealing with unknown people or traders whereas mining isn’t that easy as it seems to be as it’s a process which involves in usage of special software to solve mathematical algorithms in exchange of bitcoins and it isn’t possible as it once was.

If a person wants to begin a transaction and he knows nothing regarding the process then that’s totally futile. We can conclude the information regarding beginning transaction process or steps of the transaction process in few steps as : a transaction can be termed a general transfer of value between the Bitcoin wallets that are involved in the blockchain.

Bitcoin wallets have private key which is generally used to sign transactions by providing a proof (mathematical proof) that the request have come from the owner of the wallet. The signature also prevents transaction being altered by others once it has been issued or started.

All transactions are between the users and are usually confirmed within 10 minutes of block time by the network through mining.

Nowadays for the convenience of the bitcoin users many Bitcoin ATMs have been installed and there are about 3164 ATM machines through out the world. Bitcoin kiosks (Look like traditional ATMs) are generally the machines which are connected to internet and allow the insertion of cash in exchange for bitcoins. As per the study, bitcoin ATM charges about 7% on transaction and 50$ as exchange rate.

Is Bitcoin legal?

There are many countries which legalized the usage of bitcoins and whereas there are many countries which have banned the usage of bitcoins and declared bitcoins illegal. In short we can say that the bitcoin isn’t legalized all over the world.

Countries or Nations like Ecuador, Bolivia, Bangladesh, Kyrgyzstan and Saudi Arabia banned the usage of bitcoins and declared bitcoins illegal whereas, countries like United States, Canada, Australia and European Union accept the usage of bitcoin declaring it legal.

In cryptocurrency we usually have a fork which is given as change in protocol, the forks are classified into hard forks and soft forks. The first Bitcoin fork was NAMECOIN published or generated in the year 2010 and a hard fork published in the year 2017 was Bitcoin Gold.

The most common fork used is the SegWit which is a soft fork, SegWit (Short for Segregated Witness) and SegWit is a protocol upgrade that changes the way data is stored.

The total dollar market value is generally determined by Market Cap value or Market Capitalization value. The market cap value is mathematically calculated using MC=N x P, where MC is the market capitalization, P is closing price per share and N is number of shares outstanding.

Bitcoins are even helpful in the payment sector. For the first time University Of Nicosia, Cyprus accepted fees in the form of bitcoins. Bitcoins are even used in shopping, online transactions and payment.

There are many payment service providers (PSP) offering online services dealing with cryptocurrencies. There are many payment service providers where Bitpay and Coinbase are internationally top ranking exchange providers for bitcoins. The basic work of the payment service provider is to accept bitcoin on behalf of the merchant and convert it to the local or Fiat currency.

Lightning network effectively creates a layer on top of bitcoin and it helps in fast and cheap transactions which can net settle to the blockchain. Lightning Network is pretty complicated and is an extremely promising as a cryptocurrency game-changer.

DAO tokens came into existence in the year 2016, the main usage of the DAO tokens was that the were to receive DAO tokens and then vote for a project to fund. But the concept didn’t work successfully as many people didn’t want the system to be present.

ICO (Initial Coin Offering) refers to the creation and sale of digital tokens. The first sale was held in the year 2014, it’s a project that came into existence to create some certain amount of a digital tokens and sell it to the people usually in exchange of their cryptocurrencies such as Ethereum or Bitcoin.

We hope you have enjoyed this beginners guide to Bitcoin and the Blockchain, if you did please comment and share.

The infographic below helps explain further – courtesy of Bitcoinfy.net

A Beginners Guide To Bitcoin and Blockchain - bitcoin infographic http://credit-n.ru

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These Quick Hacks Will Change Your Financial Situation Like Magic

November 23rd, 2018 Posted in learning about money, millionaire mindset, Money Tips
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If you want to do something about your financial situation, you’re not powerless. There’s always something you can do to improve your situation, all it takes is a new frame of mind and a can-do attitude. Below, we have some quick hacks that will help you to change your financial situation as if by magic. Take a look:

Develop A Better Money Mindset

Start by working on your money mindset. Your thoughts and attitude surrounding money will make a huge difference to how much of it you have, how you spend it, the financial opportunities that come to you, and more. How do you go about changing your mindset? First of all, you need to assess any limiting beliefs you have about money. We usually pick these up from childhood, and without realizing it they can seriously affect our adult financial situation. For example, some people think they are not deserving of money, that they will never have enough money, that money is evil, etc. Being able to overcome these beliefs is crucial. You can also try affirmations, visualizations, and techniques such as tapping to change your beliefs. There are lots of free resources out there that you can use!

The more positive you think and feel about money, the more you’ll be able to change your money mindset for the better.

These Quick Hacks Will Change Your Financial Situation Like Magic - coins image

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Come Up With A Plan For Your Future

By coming up with a plan for your future, you’ll actually be able to set yourself goals and work out the baby steps you’ll need to take to reach those goals. If you don’t have a plan or goals, then you’re just going to meander aimlessly along, and chances are, you’re going to waste your money on superficial things that won’t give you any real long term joy.

Whatever your future plans, it’s always a good idea to have an emergency fund, just in case. You can look at companies like https://www.creditraters.com for help if you don’t have an emergency fund but you need cash in a pinch. Just bear in mind that it’s always better to have some money saved up.

Take A Look At Your Budget

If you don’t have a budget, now is the time to put one together. Figure out how much money you’re spending and making each month and where you can save. For example, you could take a packed lunch to work, cancel subscriptions you don’t really use, change utility suppliers, and more. Start using the envelope method for your budget if you like; this can make it easier for you to see exactly how much money you have available for certain things, such as your food shopping.

Think About A Purchase For A Month Before Splashing Out

Before making impulse purchases, you should think about them carefully, or you might end up with a bunch of things that you don’t really use. Avoid the urge to spend right away and wait for a month before buying and you might find you forget all about the thing you really wanted to buy. Money and space saved! http://credit-n.ru/zaymi-listing.html

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