13 Ways to Invest in Yourself

When you hear the word “investing,” you probably think about stocks, bonds, maybe commodities. It’s far less likely that your reflex will be inward – but indeed, you can, and should, invest in yourself, too.

Investing is an enormous industry solely dedicated to the idea of using capital to create more capital. We highly suggest you do it. But in many instances, investing time and energy – which, just like money, are in finite supply – in yourself can lead to a meaningful payoff, too. And sometimes that payoff includes the accumulation of wealth.

It’s just a matter of application, and making a plan.

To that end, here’s a rundown of 13 different ways to invest in your career, your mind and your happiness that have nothing to do with buying low and selling high. Becoming a more marketable worker, earning a chance to be your own boss and simply broadening your horizons can yield rewards, too.

Find a Mentor

Spending time with a mentor is one of the best investments you can make. Mentors are plentiful. It doesn’t cost much to talk with them – just the price of a cup of coffee, or maybe an Uber trip if your mentor works elsewhere. And they can provide you with a wealth of benefits: They can improve your current job skills, help you network within your field and potentially become an employer in the future.

What workplace mentorship looks like will vary from one employer to the next. But in almost all cases, it could and should involve a senior employee acting as a guide for a newer worker with less company-specific experience. In some cases where management is willing to provide time off and funding, leadership “camps” and team-building experiences can also make employees more effective.

But what if your employer doesn’t facilitate such programs? Be the organizer of a formal, company-wide effort that pairs newer workers with veterans. It’s not a difficult sell. Your boss will benefit from a staff that at the very least better knows one another, and they’ll probably appreciate the subsequent synergies too. Meanwhile, you’ll make new intra-office contacts.

You can find mentors outside of your workplace, too. A simple way to start is by simply reaching out to leaders and other knowledgeable members of your field for “informational interviews” – nothing more than a cup of coffee or lunch to talk about the profession.

Depending on the topic, you might be able to find more plentiful outside resources. For instance, small-business entrepreneurs have a host of options at their fingers, such as Score.org, which pairs individuals up with local SCORE (Service Corps of Retired Executives) chapters to pair them with one of more than 10,000 volunteer business experts.

More Education for a Career Change

Many young college graduates might be happy working in the field they just finished studying, but some individuals further into their careers might be mulling a change – perhaps a pivot toward one of these top jobs of the future.

In many cases, however, these individuals don’t feel they can because they lack a degree related to their new dream job. Or if they do “change things up,” they make a move within the industry rather than taking on a whole new category – even when that new job could prove more lucrative.

Knight Kiplinger points out the benefit of such an investment in his “Keys to Financial Security”: “A $30,000 pay hike can be viewed as an annual return on a capital investment, like earning a continuous yield of 6% on $500,000 of savings. You know how hard it is to save up $500,000. Maybe that $30,000 boost in salary is easier to achieve.”

There’s good news for the hesitant, however. More than 80% of people who changed careers after they turned 45 years old found success in their new field, according to the American Institute for Economic Research.

For some occupations, such as teachers and nurses – two of the most popular second careers for older rookies – might require a brand-new degree. But the advent of the internet has changed the way we learn. Traditional college classrooms are still an option, though career-changers with families who might need to work at the same time they’re going back to school have plenty of internet options. Roughly one-third of college-level studies are now done online, and many employers see this classwork as credible.

Professional Certifications

In some cases, a college degree might not be the right kind of continuing education for you. Some employers are more interested in specialized skills and credentials. Company hierarchies in the modern workplace are optimized by a diversity of detailed, focused knowledge that sometimes comes in the form of a professional-level certificate.

And at the least, there aren’t many industries that don’t encourage the attainment of specialized credentials.

Take the finance industry as an example. Most career-minded jobs in the sector require a minimum of a college degree. But some of the most successful financial planners are Certified Financial Planners, with a CFP designation. Chartered Financial Analysts (CFAs) also enjoy a high-level of credibility within the investment management arena. There’s even a professional designation for investment professionals that specialize in analyzing stock charts: Chartered Market Technicians.

The technology arena arguably offers the most, and most diverse, options for readily attainable certifications. Certificates aimed at demonstrating expertise in Cisco networking, Microsoft systems and coding languages such as Java and C++ can all be earned in just a few months.

In most cases, these certificates can be secured while you work a full-time job. Some employers will even pay the costs associated with them.

Join Toastmasters

Even when Toastmasters International was in its infancy nearly a century ago, the organization invoked the occasional eye roll. Some outsiders snickered as the seemingly silly gathering of like-minded people that just wanted to practice public speaking in front of other members wishing to do the same.

However, the clubs – all 16,800 of them that meet regularly in 143 different countries – are no joke. Aside from a judgment-free, supportive environment where individuals can get comfortable confronting the one thing they fear more than death itself, Toastmasters is a chance to network with other aspiring business-minded individuals in the area.

And the organization certainly has its share of high-profile success stories. MSNBC’s Chris Matthews, comedian and actor Tim Allen, the late iconic Star Trek actor Leonard Nimoy, and the late James Brady, former presidential press secretary, are all former Toastmasters members, along with a whole slew of other recognizable names that leveraged their Toastmasters experiences into successful careers.

Toastmasters charges $45 in semi-annual dues as well as a $20 new member fee. Meeting frequency varies by club but typically are held weekly or every other week, for one to two hours per meeting.

Move

It doesn’t sound like a way to invest in yourself. It sounds more like a chore, or even just a flat-out expense. But you might find that simply moving from one place to another can open all sorts of doors … and not just career-oriented ones. New locales bring new people into your life, new kinds of entertainment, lower expenses and new scenery that can make your life better in a myriad of ways.

The latest relocating-minded trend is an exodus from the nation’s biggest cities and the establishment of new roots in less urban areas. Bustling New York City lost 76,790 residents in 2019, and 143,000 in the year before that, mirroring a bigger trend evident across the entire northeaster portion of the country. Lousy weather is cited as one reason for the growing disinterest in the region, though the bigger concern is the sheer cost of living in places such as New York City and Washington, D.C.

Conversely, there are still good reasons to head toward the pricier parts of the country, particularly for people looking for jobs in the financial and tech arenas. Most Wall Street-type jobs require you to actually live somewhere near Wall Street, and Silicon Valley in northern California is the nation’s technological development hub. If you want to work there, you typically have to be there.

If you’re broadly looking for a place to start, consider these states with the fastest rates of job growth. And if you’re looking to figure out how much to budget, Moving.com says the average cost of a long-distance move (1,000 miles) is $4,890, based on a two- to three-bedroom move of about 7,500 pounds.

Start a Side Gig

The idea of a “job” has changed dramatically in just the past few years. Gone are the days when individuals clocked in at 9 a.m., worked for an employer that was trusted to remain in business, and then clocked out at 5 p.m.

The new normal is … well, there is no new normal, given the statistics.

Roughly one-third of U.S. workers claim they utilize “alternative work” arrangements as their primary source of income. That is, they don’t necessarily run their own businesses per se, but rather are contracted, self-employed people that rely on middlemen to connect with a stream of customers. Think driving for Uber, completing projects through Amazon Mechanical Turk, or picking up regular work at a website like Freelancer.com. In some cases, these workers might see more income by being self-employed. But certainly, some see less.

It doesn’t have to be an either/or matter for the entrepreneurial-minded, though. Side gigs can be managed without “giving up your day job” by doing work outside of regular work hours.

The effort is arguably worth it. A recent survey performed by The Hustle found that the average side-gig operator spent an average of 11 hours per week as their own boss, and earned $12,609 per year – an average of about $22 per hour. Real estate, management and money-related side gigs appeared to be the most lucrative, according to the survey.

The payoff can be more than in immediate income. You can use a side gig to hone new skills or test new ideas that can be used to fuel a career shift.

Set Up a (Real) Home Office

Whether you’re self-employed or just one of the lucky corporate employees who are allowed to work from home, there’s much to be said about a space that functions and feels more like an office and less like a bedroom or basement. Indeed, you might be more productive working at home, for yourself or for an employer.

Despite all the noise often made about the pros and cons of working from home, it’s not as widely available an option as you’d think. Only 7% of employers facilitate work-from-home options, according to Fundera, even though the option saves companies an estimated $44 billion per year. Fewer than 4% of employees (including freelance workers) are allowed to work from home for at least half the workweek, says Small Business Trends.

In other words, if you do have an employer that allows you to work from home, be sure to perform just as you would if in an office setting. Companies remain broadly suspicious of the practice.

The one area where it pays to spend more than you might like to on a home office is on a new computer. It is, for better or worse, the centerpiece of the modern work world. Not only are computers used to create and store documents, they’re also becoming the key means of communication with clients and customers. They’re even replacing phones with apps such as Skype. An unreliable or underpowered PC can quickly turn into a nuisance.

Get Healthy

The benefits of living a healthier lifestyle are clear: A longer life, feeling better and being able to physically do more are all good things.

However, there’s a financial upside to eating better and getting more exercise too. More than one, in fact. Chief among them is the sheer cost of being unhealthy, and as such, needing to see a doctor more often.

As part of efforts to make health insurance, and therefore health care, more affordable for everyone, deductibles have soared in recent years. In 2008, according to the Kaiser Family Foundation, the average deductible for a single-person health plan was $735. It has since soared to $1,655. Premium prices are up, too, at $7,188 annually as of 2019, and the maximum out-of-pocket expense in 2019 for an ACA-compliant plan was $7,900 for individuals, and $15,800 for family plans.

Although health insurance is effectively a must-have, using it can prove expensive.

The other financial upside to healthier living: Feeling better, or not being distracted by fatigue, lets your mind stay sharp during sales calls, when meeting new people and when simply being sized up (literally and figuratively) by someone interested in your work. Every interaction or connection is in some way an effort to sell something. Being at your best makes it likelier you’ll perform well.

Get Organized

Most individuals who live disorganized lives, personally and professionally, would argue they don’t have time to organize. In reality, it takes more time, energy and money to not be organized.

Did you know the average American spends 2.5 days per year trying to track down lost items? That’s the case, according to a study by Pixie, a smart-location solution for missing objects. Did you also know that the National Association of Productivity and Organizing Professionals (yes, it’s a thing) reports that between 15% and 20% of the average household’s budget is wasted by buying items to replace ones that simply can’t be found? Here’s the kicker: NAPO also estimates that 40% of housework currently being done in the U.S. wouldn’t be necessary if we were willing to de-clutter.

It’s not just time and money. Your mental well-being is at stake, too. People who have successfully mastered the art of self-organization find they’re less stressed, sleep better and ultimately end up being more productive. In the workplace, a more organized desk, office, briefcase or vehicle makes a good impression on prospective clients, co-workers, even your boss.

Keep Your Brain Sharp

By many measures, it’s a cruel trick. Never before have people been expected to stay as focused as they are now, yet never before has it been so difficult to prevent your mind from being overwhelmed by a constant barrage of digital data.

Your smartphone has much to do with that. We check our phones for no particular reason about once every 12 minutes; some of us, more frequently.

But the challenge extends beyond just phones. On average, says productivity expert Chris Bailey, we’re distracted by something every 40 seconds. Bailey also says all the regular distractions we experience ultimately extend the time needed to complete a task by 50%. Plus, it can take several minutes just to resume the work being done before the distraction took place.

So, how do you keep your mind sharp in this kind of environment?

For one, try to put down the phone a little more often. Then, start following some of the other steps on this list.

Staying in shape isn’t just a good way to cut down on medical costs – it also helps brain health as you age. Art Kramer, professor of neuroscience and psychology at Northeastern University, tells Kiplinger that people who do more aerobic exercise tend to be better at solving problems, have better memory and show lower rates of dementia.

You want to “network,” too – but not just professionally. Being socially active has many positive effects on the brain, including areas that have to do with memory. So, as you can, try to interact with friends and family more often.

Build Your Own Website or Portfolio

The upside of building your own professional website or portfolio will vary from one person to the next, and with the intent. But if there’s any arguable reason not to invest in yourself in this way, cost isn’t it. The hosting price for a low-end (though still professional-looking) website can be less than $10 per month; for those willing to make a longer-term commitment, requesting and registering the domain name is often free.

What you can do with even the simplest of websites, however, is almost limitless.

Chief among those options for a job-seeker is the use of a website as a digital resume of sorts. But a website can provide a potential employer with work-related details that might otherwise be difficult to present with just one sheet of paper.

In that same vein, a website could serve as a repository of past work for individuals who offer services on a regular basis. Writers, artists and architects are just some of the people who benefit from being able to publicly showcase their work.

And naturally, any entrepreneur with e-commerce ambitions will want to develop a website, and spring for a few more of the bells and whistles required to do business online.

Hire a Career Coach

Sometimes it’s difficult to push yourself to the proverbial next level, whatever that might mean in your given field. Stagnation can sap creativity, and disappointment can quell drive. It’s all too easy to become complacent and resign yourself to doing the exact same thing until it’s time to retire.

A career coach might be just the kick in the pants you need.

But first, you need to understand what a career coach is, and what it isn’t. Career coaches aren’t headhunters. They also can’t tell you what sort of job you should be seeking. And they most certainly won’t be able to help if your impasses are personal rather than professional in nature.

A career coach can, however, help you identify your strengths and weakness as other people see them, assist you in formulating a career-advancement strategy and advise you on how to make a successful career change.

They’re not necessarily cheap. On a per-hour basis, they can charge anywhere between $75 and $250. Some ask for a longer-term, multimonth commitment that can cost a total of anywhere from $1,000 to $2,500.

But they can be worth the outlay. A promotion-related raise or a job offer with a new employer can easily fund such an investment within just a year.

Read Books

There’s a universe of great information floating around, ready to be gleaned. Much of it can’t be found at your workplace. Instead, it’s at a bookstore – or, for the more economically minded, a library.

The statistics on the matter are nothing short of amazing. Fast Company says the average CEO reads 60 books per year. Ben Eubanks, human resources analyst with Brandon Hall Group, believes “people who are successful are often crazy about reading. They make time for that because they understand how important it is, and it’s kind of like a secret weapon.” However, a person in the United States only reads between two and three books per year, most of those purely for pleasure.

A lot of that has to do with time available, but if you have recreational time you aren’t spending on reading, you might consider re-allocating it to hitting the books.

The upsides? Aside from the knowledge and perspective gained from teaching yourself about something new, reading also expands your vocabulary and opens up opportunities to discuss new ideas with your boss (current or prospective). There’s something powerful about being able to say, “That’s something I was just reading about the other day.”

One word of caution: Reading a work-related book just for the sake of being seen reading a work-related book can easily backfire. Most experienced managers can spot an effort get the wrong kind of attention. They might not like the tactic. Just read a book on faith that it will eventually matter, even if that means with a different employer.

By: James Brumley

Source: https://getpocket.com/

.

Related Contents:

How To Follow The 50-30-20 Budgeting Strategy

This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money.

Managing your finances and setting a monthly budget can be challenging. But if you’re overwhelmed with where to start, the 50-30-20 strategy can simplify the process. The plan divides your income into three broad categories: necessities, wants, and savings and investments. Here’s a closer look at each.

50% of your paycheck should go toward things you need

This category includes all of your essential costs, such as rent, mortgage payments, food, utilities, health insurance, debt payments and car payments. If your necessary expenses take up more than half of your income, you may need to cut costs or dip into your wants fund.

20% of your paycheck should go toward savings and investments

This category includes liquid savings, like an emergency fund; retirement savings, such as a 401(k) or Roth IRA; and any other investments, such as a brokerage account. Experts typically recommend aiming to have enough cash in your emergency fund to cover between three and six months worth of living expenses.

Some also suggest building up your emergency savings first, then concentrating on long-term investments. And if you have access to a 401(k) account through your employer, it can be a great way to save a portion of your income pre-tax.

30% of your paycheck should go toward things you want

This final category includes anything that isn’t considered an essential cost, such as travel, subscriptions, dining out, shopping and fun. This category can also include luxury upgrades: If you purchase a nicer car instead of a less expensive one, for example, that dips into your wants category.

There isn’t a one-size-fits-all approach to money management, but the 50-30-20 plan can be a good place to start if you’re new to budgeting and are wondering how to divide up your income.

Nadine El-Bawab

By: Nadine El-Bawab / @nadineelbawab

Source: How to follow the 50-30-20 budgeting strategy

.

Critics:

While that may not be realistic, there are some simple things you can do right now to improve your money situation. Try these five steps for successfully managing your personal finances. Another bonus? If you stick to these five tips, your financial problems may start to diminish, and you can start reaping the rewards of lower debt, saving for the future, and a solid credit score.

Take some time to write specific, long-term financial goals. You may want to take a month-long trip to Europe, buy an investment property, or retire early. All of these goals will affect how you plan your finances. For example, your goal to retire early is dependent on how well you save your money now. Other goals, including home ownership, starting a family, moving, or changing careers, will all be affected by how you manage your finances.

Once you have written down your financial goals, prioritize them. This organizational process ensures that you are paying the most attention to the ones that are of the highest importance to you. You can also list them in the order you want to achieve them, but a long-term goal like saving for retirement requires you to work towards it while also working on your other goals.

Below are some tips on how to get clear on your financial goals:

  • Set long-term goals like getting out of debt, buying a home, or retiring early. These goals are separate from your short-term goals such as saving for a nice date night.
  • Set short-term goals, like following a budget, decreasing your spending, paying down, or not using your credit cards.
  • Prioritize your goals to help you create a financial plan.

Contents:

Meet the middle-aged millennial: Homeowner, debt-burdened and turning 40

This simple money hack could help you boost your retirement savings by $20,000 or more

Making a few easy changes could help you save money on your next grocery bill

Buying a new car? Here’s how to figure out what you can afford

Remove these 7 things from your resume ‘ASAP,’ says CEO who has read more than 1,000 resumes this year

In 1999, Warren Buffett was asked what you should do to get as rich as him—his advice still applies today

Want to be better at small talk? An ex-FBI agent reveals the method he uses to get people to open up

Self-made billionaire Thomas Tull on becoming rich, and how Warren Buffett changed his thinking

Do You Get Your Money’s Worth From Buying An Annuity?

Coin Stacks And Chart Graphs On A Chessboard

Once upon a time, in the (somewhat mythical) past of traditional defined benefit pensions, your employer protected you from the risk of outliving your money in retirement, by acting, more or less, as an insurance company providing an annuity. With that benefit receding into the past, many experts have been hoping that Americans with 401(k) plans would avail themselves of annuities on their own, to give themselves the same sort of protection, and, indeed, the SECURE Act of 2019 made it easier for those plans to offer their participants an annuity choice, and, when surveyed, 73% of those participants said they would “consider” an annuity at retirement.

At the same time, though, Americans distrust annuities — in part because traditional deferred annuities had high fees and expenses and only made sense in an era predating IRAs and 401(k)s, when they were attractive solely due to the limited tax-advantaged options for retirement savings. But that’s not the only reason — annuities, quite frankly, aren’t cheap.

How do you quantify the value of an annuity? In one respect, it’s subjective and personal: do you judge yourself to be in good health, or does family history and your list of medications say that you’ll be one of those with the early deaths that longer-lived annuity-purchasers are counting on? Do you want to be sure you can maintain your standard of living throughout your retirement, or do you figure that you won’t really care one way or another if you have to cut down expenses once you’re among the “old-old”?

But measuring the value of annuities, generally speaking, does tell us whether consumers are getting a fair deal from their purchases, and here, a recent working paper by two economists, James Poterba and Adam Solomon, “Discount Rates, Mortality Projections, and Money’s Worth Calculations for US Individual Annuities,” lends some insight.

Here’s some good news: using the costs of actual annuities available for consumers to purchase in June 2020, and comparing them to bond rates which were similar to the investment portfolios those insurance companies hold, the authors calculated “money’s worth ratios” that show that, for annuities purchased immediately at retirement, the value of the annuities was between 92% – 94% (give-or-take, depending on type) of its cost. That means that the value of the insurance protection is a comparatively modest 6 – 8% of the total investment.

But there’s a catch — or, rather, two of them.

In the first place, the authors calculate their ratios based on a standard mortality table for annuity purchasers — which makes sense if the goal is to judge the “fairness” of an annuity for the healthy retirees most likely to purchase one. But this doesn’t tell us whether an annuity is a smart purchase for someone who thinks of themselves as being in comparatively poorer health, or with a spottier family health history, and folks in these categories would benefit considerably from analysis that’s targeted at them, that evaluates, realistically, whether annuities are the right call and whether their prediction of their life expectancy is likely to be right or wrong.

In the second place, the 92% – 94% money’s worth calculation is based on the typical investment portfolio of insurance companies, approximated by the returns of BBB-rated bonds. This measures whether the annuity is “fair” or not, in that “moral” sense of whether the perception that the company is “cheating” is customers is real (it’s not).

But these interest rates are very low. The authors, in addition to their calculations of “money’s worth,” back into the implied discount rate from the annuity costs themselves. For men aged 65, that interest rate is 2.16%; for women aged 65, 2.18%.

Now, imagine that you compare this annuity to an alternative plan of investing your money in the stock market, earning 7% annual returns, and believing you can predict your death date (or not really caring if you fall short or end up with leftover money for heirs).

The cost of the protection offered by the annuity, the guarantee that you will never run out of money, and that you will not suffer from a market crash, is very expensive indeed — when you compare apples to oranges in this manner, the money’s worth ratio is, according to my very rough estimates, more like 60%, meaning that about 40% of your cash is spent to purchase the “insurance protection” of the annuity.

And, again, that’s not because insurance companies are cheating anyone; that’s solely because of the wide gap between corporate bond rates and expected returns when investing in the stock market— a gap which was particularly wide in the summer of 2020 when this study was competed, but remains nearly as wide now.

As it stands, Moody’s Baa rates are in the 3% range; in the 2000s, they were in the 6% range, and in the 1990s, from 7% – 9%. Although this drop in bond rates is good news for American homebuyers because this marches in tandem with mortgage rates, it makes it far harder for retirees to manage their finances in ways that protect them from the risks that they face in their retirement.

Perhaps interest rates in general, and bond rates specifically, will increase as we leave our current economic challenges, but there’s no certainty, and as long as this gap between bond rates and expected stock market returns remains so substantial, retirees will be challenged to find any sort of safe investment that makes sense for them. Which means that what seems like a great benefit for Americans looking to borrow money — for mortgages, car loans, credit cards — can pit the elderly against the young in a generational “us vs. them” contest.

As always, you’re invited to comment at JaneTheActuary.com!

Follow me on Twitter. Check out my website.

Yes, I’m a nerd, and an actuary to boot. Armed with an M.A. in medieval history and the F.S.A. actuarial credential, with 20 years of experience at a major benefits consulting firm, and having blogged as “Jane the Actuary” since 2013, I enjoy reading and writing about retirement issues, including retirement income adequacy, reform proposals and international comparisons.

Source: Do You Get Your Money’s Worth From Buying An Annuity?

.

Critics:

An annuity is a series of payments made at equal intervals.[1] Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other regular interval of time. Annuities may be calculated by mathematical functions known as “annuity functions”.

An annuity which provides for payments for the remainder of a person’s lifetime is a life annuity.

Variability of payments

  • Fixed annuities – These are annuities with fixed payments. If provided by an insurance company, the company guarantees a fixed return on the initial investment. Fixed annuities are not regulated by the Securities and Exchange Commission.
  • Variable annuities – Registered products that are regulated by the SEC in the United States of America. They allow direct investment into various funds that are specially created for Variable annuities. Typically, the insurance company guarantees a certain death benefit or lifetime withdrawal benefits.
  • Equity-indexed annuities – Annuities with payments linked to an index. Typically, the minimum payment will be 0% and the maximum will be predetermined. The performance of an index determines whether the minimum, the maximum or something in between is credited to the customer.

See also

References

  • Kellison, Stephen G. (1970). The Theory of Interest. Homewood, Illinois: Richard D. Irwin, Inc. p. 45
  • Lasher, William (2008). Practical financial management. Mason, Ohio: Thomson South-Western. p. 230. ISBN 0-324-42262-8..
  1. Jordan, Bradford D.; Ross, Stephen David; Westerfield, Randolph (2000). Fundamentals of corporate finance. Boston: Irwin/McGraw-Hill. p. 175. ISBN 0-07-231289-0.
  • Samuel A. Broverman (2010). Mathematics of Investment and Credit, 5th Edition. ACTEX Academic Series. ACTEX Publications. ISBN 978-1-56698-767-7.
  • Stephen Kellison (2008). Theory of Interest, 3rd Edition. McGraw-Hill/Irwin. ISBN 978-0-07-338244-9.

How to Buy Happiness (Responsibly)

The great reopening offers ample opportunity to lift your spirits if you have some money to spare. Here’s how to do it right. Bring on the nationwide spending binge. Half of all people over 18 in the United States are now fully vaccinated. Tens of millions of them are emerging, blinking in the springtime sunshine, and heading straight for restaurants, movie theaters or a flight to somewhere — or anywhere, really.

It is true that millions of people are still trying to get their hotel jobs or theater gigs back. But collectively, Americans are holding on to a larger share of their income than they have in decades.

That leftover money is a kind of kindling. We may look back on this moment as a once-in-a-lifetime period, when many millions of Americans felt that money was burning actual holes in their pockets.

It is an unfamiliar sensation for many of us. “There is a puritanical streak that runs through all aspects of money in America,” said Ramit Sethi, an author who focuses more attention than most on spending well in addition to saving intelligently. “And most of the conversations start with no.”

But we should consider the strong possibility that saying yes right now could bring a true improvement in happiness. So this column — and another one next week — will be about maximizing it through strategic spending.

The conversation begins with “Yes, and … — with perhaps with a side order of “Yes, but …” To help us all get there, I called on some of my most thoughtful contacts among people who talk, think or write about money. And I made sure to ask them this: What are you doing yourself?

Brian Thompson, a financial planner in Chicago, was prepared for this moment. He generally has two questions at the ready: What do you want to spend your money on? And why are you really spending it?

There are no wrong answers, Mr. Thompson said. “I always come from the approach that there is no judgment, and I try to come with empathy to help people clarify what the money means for them,” he said.

Paradoxically, the first thing to think about here is saving. Paulette Perhach said it better than I could here in her classic 2016 article exhorting everyone to build a freedom fund. (“Freedom” is my word — she uses an F-bomb, if you’re trying to find it via internet search.)

Savings aren’t just for when your car breaks down or you get sick. Having a freedom fund means you are not beholden to someone else — whether that’s a significant other who is treating you like garbage or a boss who is harassing you or otherwise making you miserable.

“This is about power, and power comes in a lot of different forms,” Ms. Perhach, an essayist and a writing coach, told me this week. “It comes from options. From looking at life and making sure one person does not have so much say over the outcome of your finances that you would have to tolerate behavior that goes against your own self-respect.”

Every few years, I reopen my well-worn copy of “Happy Money: The Science of Happier Spending,” a book from 2013 by Elizabeth Dunn and Michael Norton, for a review session. This time, I called Professor Dunn, a member of the psychology department at the University of British Columbia, to help me along.

A first principle of research in this area has generally been that buying an experience brings more satisfaction — and less buyer’s remorse — than buying stuff. In the years since the book was published, Professor Dunn said, this conclusion has largely held up for people with more money, though it can be less true for people farther down the socioeconomic ladder.

So what types of experiences should we be making a priority?

After a year marked by loss, I adopted a narrow approach focused on things that I might not have a chance to do again. I will never attend another John Prine concert or again eat food touched by the hands of Floyd Cardoz, both of whom were among the many we lost to the pandemic.

But there are things I can do instead that aren’t likely to recur, like attending my friend’s swearing-in ceremony as police chief in another state. And I’m prioritizing a trip with my daughters to the Great Barrier Reef (using approximately 9,000 years of frequent-flier mile savings) before it is no more.

Professor Dunn endorsed my plans, and the need to get out into the world again. “The only experiences I’ve been having are Netflix and DoorDash,” she said.

Professor Dunn lost her mother, Winifred Warren, to lung cancer in September and has a plan to celebrate her someplace other than a Zoom chat. Soon, she’ll get over the border to California and dine with her aunt and her mother’s best friend at the famed French Laundry — where Ms. Warren had been hoping to go herself, once she got better.

But just because so much fun seems available again all at once, it doesn’t mean you should pursue it all simultaneously. People who have reasonably high incomes — but the proclivity to go the immediate gratification route — can rack up quite a bit of debt,” Professor Dunn said.

Indeed, credit card issuers are licking their lips in anticipation of whatever orgy of spending ensues this year. Ms. Perhach found herself impulsively buying concert tickets recently and was inspired to pen a warning about the behavioral science of overspending for Vox.

The gratification doesn’t necessarily last long — and can even be wiped out by the dread of any new debt, she said. “I’ve done trips with an undercurrent of ‘I’m about to be in trouble,’” she told me this week. “And that’s not a great recipe for fun.”

If you are among the many lucky millions who are better off financially than you were at the beginning of 2020, consider how good it might feel to give something away.

Minnie Lau has spent much of the past year helping her accounting clients in the San Francisco Bay Area spend and save the windfalls from initial public offerings and other stock winnings in as tax savvy a manner as possible. Both they and she have done quite well. They did nothing wrong and have nothing to apologize for.

But amid so much death, fear and suffering, coming out ahead still leads to conflicted feelings. “My ill-gotten gains are going to the food bank,” Ms. Lau said of the money she has made investing this year. “People should not have to line up for food. Didn’t California just announce that it had a surplus? What kind of crazy world is this?”

Everyone else I talked to this week felt a similar urge. Professor Dunn recalled being overwhelmed with gratitude after receiving her coronavirus jab. Now, she’s a monthly donor to UNICEF’s vaccine equity initiative. Ms. Perhach is supporting VONA, which helps writers of color, while Mr. Sethi busted into his emergency fund to donate to Feeding America and match his readers’ donations.

Mr. Thompson, the financial planner, has given money to help people who are both Black and transgender — a segment of the population that he believes needs more help than most. And he’s redoubling his efforts at work to reduce the racial wealth gap.

“If I can help more people build more wealth to pass down, it is a way of serving my purpose and helping people in the process,” he said. “And I think that takes more than just giving. It means systemic change.”

Ron Lieber

 

 

Source: https://www.nytimes.com/

.

Critics:

Money management is the process of expense tracking, investing, budgeting, banking and evaluating taxes of one’s money which is also called investment management. Money management is a strategic technique to make money yield the highest interest-output value for any amount spent. Spending money to satisfy cravings (regardless of whether they can justifiably be included in a budget) is a natural human phenomenon.

The idea of money management techniques has been developed to reduce the amount that individuals, firms, and institutions spend on items that add no significant value to their living standards, long-term portfolios, and assets. Warren Buffett, in one of his documentaries, admonished prospective investors to embrace his highly esteemed “frugality” ideology. This involves making every financial transaction worth the expense:

1. avoid any expense that appeals to vanity or snobbery
2. always go for the most cost-effective alternative (establishing small quality-variance benchmarks, if any)
3. favor expenditures on interest-bearing items over all others
4. establish the expected benefits of every desired expenditure using the canon of plus/minus/nil to the standard of living value system.

References

Tips For Moms To Take Better Care of Their Money

Tips for moms to take better care of their money

Mother’s month is approaching and the best way to celebrate them is by empowering them and helping them become more independent and financially successful.

Within personal finance there is a “common core”, to call it somehow, a body of knowledge that we should all have, however what works for one does not necessarily work for another.

There are differences in the management of finances between men and women, between a woman without children and a mother, and between a married mother and a single mother.

Let’s take a look at the data first.

Women live 10 years longer than men, increasingly contribute more resources to households, have more breaks in their working life, due to motherhood, and the responsibility of raising their children without leaving them unprotected in the event of an accident or death premature. So there is an urgent need to have a short, medium and long term financial plan.

According to data from the National Institute of Statistics and Geography (INEGI), 7 out of 10 women over 15 years of age are mothers, of those mothers 4 out of 10 contribute financial resources to the operation of the home, and of those who provide financial resources, 97% He combines his work with the burden of household chores, in addition, according to CONAPO, there are 880 thousand single mothers in Mexico, of which 90% have children under 18 years of age.

So the data and therefore here are some tips to improve your finances.

1. Make a personal budget

The budget is a tool that will help you keep your expenses under control, detect unnecessary leaks, pay attention to priorities and do not forget important items such as savings. It includes all the expenses related to the children such as tuition, school supplies, food, entertainment, medical expenses and even gifts.

2. Do you want successful children?

Educate yourself financially! It is very important so that you can teach that to your children and they grow up with good financial habits, you will avoid future headaches and you will too. Remember that there is no better inheritance than education and good habits.

3. Save for your retirement

You don’t want to be dependent on your children in the future, right? It is important that you regularly allocate within your budget a savings amount for your retirement, feed your AFORE or pension plan. That will give you financial certainty when the time comes.

4. Don’t hide financial problems

Keeping these types of situations secret adds problems instead of solving them, damages family ties and can be counterproductive.

5. Safe, safe?

If the father dies and is the breadwinner of the family, it can cause an economic gap that the mother would have to face, so insure the father, and if you are a single mother, be sure! You do not want to leave your children financially unprotected.

And to close I leave you some ideas of financial gifts for mom.

  • A course in personal finance.
  • An investment account (show him how to use it if he doesn’t know).
  • A few ounces of silver (it will start to rise in price).
  • A Tablet with internet access and teach him how to use it if he does not know. Access to information is a great ally of economic well-being.

Iván Vázquez Islas

By: Iván Vázquez Islas

Source: Tips for moms to take better care of their money

.

Being a mom is the best job I have, but let’s be real—sometimes, it’s really hard. So, this episode of The Rachel Cruze Show is all about making your life a little easier. Today, you’ll learn: • 7 ways to save money on your morning routine • Things no one tells you about being a mom • How to give yourself grace as you navigate this crazy thing called “life balance” Sponsors pay the producer of this show, The Lampo Group, LLC, advertising fees for mentioning their services or products during programming.
Advertising fees are not based upon or otherwise tied to any product sale or business transacted between any consumer or sponsor. The following sponsors have paid for the programming you are viewing: — Zander Insurance Resources (everything mentioned in this episode): Zander Insurance: http://bit.ly/2Pd6Nss The Contentment Journal: https://www.rachelcruze.com/store/pro… Ramsey Solutions YouTube Channels (Subscribe Now!) • The Dave Ramsey Show (Highlights): https://www.youtube.com/c/TheDaveRams… • The Dave Ramsey Show (Live): https://www.youtube.com/thedaveramsey… • The Rachel Cruze Show: https://www.youtube.com/user/RachelCr… • The Ken Coleman Show: https://www.youtube.com/c/TheKenColem… • Christy Wright: https://www.youtube.com/c/ChristyWrig… • Anthony ONeal: https://www.youtube.com/user/aonealmi… • EntreLeadership: https://www.youtube.com/c/entreleader..
.

Here’s How You Can Use Decentralized Finance To Draw Passive Income Streams

Here's How You Can Use Decentralized Finance to Draw Passive Income Streams

With the European and global crypto markets going mainstream in 2021, the term DeFi — short for Decentralized Finance —  seems to have seeped into the consciousness of the masses, at least those looking to invest in this yet nascent space. In this regard, it bears mentioning that the DeFi ecosystem has grown from strength to strength over the last 12 odd months, with the amount of money coming into this space increasing from $1 billion to $40 billion since Q2, 2020.

From a conceptual and operational standpoint, one can see that DeFi projects are designed to function in the same way as their centralized finance (CeFi) counterparts. This is to say that they enable users to lend and borrow funds, speculate on the price movements of various assets, earn interest rates and so on, much like traditional bank accounts except without a bank intermediating the transactions, thus removing the associated cost overhead and delays. Transaction rules, on the other hand, are enforced by the software, leaving no room for human error or oversight.

The onset of DeFi has been beneficial to both the crypto maximalists as well as the traditional investors looking for yield. The reason is that the so-called stablecoins are as eligible to participate as the traditional crypto. Stablecoins are the cryptocurrencies pegged 1:1 to conventional currencies and are backed by the respective reserves. Some of the most widely used ones are USDT and USDC, both of which are pegged to USD and can be acquired from most cryptocurrency exchange providers. Accessing DeFi through these eliminates price risk stemming from the volatile nature of cryptocurrencies.

.

.

 

Start trading Bitcoin and cryptocurrency here: http://bit.ly/2NI4xtF DeFi applications – https://defipulse.com/defi-list/ DeFi is becoming more and more popular as the main use case for cryptocurrencies. This video explains in detail what DeFi is and what you should know about before getting involved. 0:38 Bitcoin and Our Financial System 1:24 Our Centralized Financial System 1:59 What is DeFi? 2:22 DeFi Components 4:16 – DAI explained 5:51 – DEXs explained 6:33 – Decentralized money markets 8:06 Money Legos 8:56 DeFi Advantages and Risks 10:02 Conclusion For the complete text guide visit: https://bit.ly/2R35g6Z Join our 7-day Bitcoin crash course absolutely free: http://bit.ly/2pB4X5B Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel: http://bit.ly/2BVbxeF Get the latest news and prices on your phone: iOS – https://apple.co/2yf02LJ Android – http://bit.ly/2NrMVw2

.

.

The DeFi difference and how it can work to your advantage.

From the get-go, it is important to understand that before the advent of DeFi, crypto owners did not have access to any decentralized avenues for lending, farming, staking their assets. Centralized options were also few, far between and of questionable reliability. However, with this space continuing to grow, there are now a plethora of ways through which token holders can see their assets multiply.

The simplest and most convenient means of earning passive income through DeFi is by depositing one’s crypto into a platform that provides users with an APY (annual percentage yield). The core difference here is that while most banks provide users with interest rates ranging between 0.2 percent to 0.6 percent at max, DeFi returns can go as high as 15 percent.

Yield Farming.

As the name seems to quite clearly imply, the concept of “Yield Farming” entails the generation of a passive income stream via the use of a variety of different crypto assets. In its most basic sense, Yield farming can be compared with traditional finance offerings such as bank deposits, fixed-term deposits, and even government bonds wherein investors lock in their fiat assets with a financial institution, allowing for increased liquidity. This liquidity in turn generates growth for the institution, thus allowing for steady interests to be paid out to investors.

Similarly, yield farmers can make use of DeFi money markets, liquidity pools, etc to draw in steady returns for themselves. For example, an individual locks up 10,000 USDC (US dollar-pegged stablecoin) into a DeFi protocol, providing it with instant liquidity. In return for locking up these funds, the person is rewarded with fees generated by the underlying DeFi platform. These reward tokens can then once again be deposited in other liquidity pools, allowing users to constantly accrue a flow of income by continually switching between different protocols.

Popular platforms worth considering.

Uniswap: The name UniSwap has almost become synonymous with the term “passive income,” at least across the global crypto landscape. The protocol provides users with a tangible avenue through which they can earn returns on their assets by becoming liquidity providers (LPs).

In their most basic sense, LPs are those individuals that deposit an equal USD amount of two tokens, known as a pair, to a liquidity pool.  Whenever these tokens are moved — for example, borrowed by a third party —  the fee that is generated from such a transaction and is shared with the LP depending upon his/her stake in the pool.

UniSwap is perfect for those individuals who may be in possession of “idle crypto assets” and looking to invest their funds in a platform that is relatively risk-free and easy to make use of.

Aave: This is a platform to lend and borrow assets. You put assets in a pool — for example the USDC pool — and anyone who needs to get USDC can come and borrow some, by collateralizing the loan. Depending on demand they’ll pay roughly between 2 percent and 80 percent APR, while you’ll get between 0.5 percent and 75 percent APY for lending into the pool.

While providing to liquidity pools such as Uniswap involves some degree of risk (the “impermanent loss”) depending on the pair of assets you are dealing with, Aave is really the simplest product to understand: deposit 1 asset, get paid a certain interest percent in that asset.

The risks.

Though on paper, the concept surrounding yield farming looks extremely attractive, it is not free of its share of risks.

The very first risk — the thing which resulted in the most money lost in 2020 — is greed. “Rug pulls” and “exit scams” were the No. 1 risk in terms of money stolen last year. A good reminder to do your own research!

The second type of risk, tech risk, means that if there is a bug in the smart-contract you are using, you could lose all your money, and that’s why you want to make sure they have been independently audited. For the same reason, you are best advised to not “put all eggs in the same basket” and deposit across several protocols.

There have also been a lot of attacks associated with “price oracles.”  This is somewhere between a tech risk, a design risk and a financial risk. An “oracle” is the service through which a DeFi protocol obtains real-time price data. Those can potentially be manipulated or tampered with, especially since these instruments are totally automated and there is no way to audit or verify the accuracy of the data provided by these platforms. A lot of “attacks” in 2020 were executed through manipulating the price information of assets and getting a lot of tokens for cheaper than one ought to from a service.

Lastly it is no secret that the crypto market at large is the subject of daily price swings, causing the value of many assets to jump up and down wildly. In this regard, if the value of a cryptocurrency that is being farmed dips to extremely low levels, users could incur heavy losses compared to the currency they use to go shopping. Two hundred percent APY on something whose price is dropping by 300 percent a day isn’t going to make you rich any time soon. That’s a financial risk, and the conclusion is to choose your assets wisely.

Anton Altement

 

By: Anton Altement/ Entrepreneur Leadership Network VIP

Source: Here’s How You Can Use Decentralized Finance to Draw Passive Income Streams

.

.

More Contents:

How the UK Has Set its Sights on Becoming a Fintech Haven in the Wake of Brexit

The UK is still a leader when it comes to the number of companies operating in fintech. However, can complications arising from Brexit lead to the loss of ground?
News and Trends

Just Hours After JPMorgan’s CEO Called for More Transparency, the Bank Asked Shareholders to Vote Against It

Though JPMorgan CEO Jamie Dimon emphasized the need for transparency and a commitment to racial equity in an annual shareholders letter, the board he chairs appeared to quickly reverse course hours later.
Entrepreneurial Latin America

The 12 startups with ideas that seek to change Latin America through technology

Microsoft will offer up to $ 120,000 in Azure credits and cloud storage to B2B semifinalists in Platzi’s Demoday program.
News and Trends

Crypto Market Value Exceeds $2 Trillion for First Time

The cryptocurrency market’s high value is largely attributed to two popular digital currencies.
Accountability

The 4 Roles of Accountability Within Your Company

To be sure everyone knows what they’re responsible for, you need to assign one of these four roles to every employee in every project.
Prepare to Succeed

Free Webinar | April 14: Ride the Wave: Retaining Online Shoppers When Lockdowns Lift

Join our panel of experts experts as they explore tactics to stay engaged with newly acquired customers.
Success

What Billionaire Steve Schwarzman Learned From 3 Key Career Mistakes

The billionaire CEO and co-founder of Blackstone shared his missteps on his climb into the private equity stratosphere.
Finance

Look Ahead To FTSE 350 Companies Reporting From 12 To 16 April

JD Sports Fashion PLC (LON:JD) (OTCMKTS:JDSPY) will tell us whether the last few months have changed guidance Q1 2021 hedge fund letters, conferences and more LVMH Moet Hennessy Louis Vuitton SA (FRA:MOHF) (OTCMKTS:LVMUY)  may offer a strategic game plan for its controversial Tiffany’s acquisition Tesco PLC (LON:TSCO) (OTCMKTS:TSCDY) could shed some light on margin expectations […]
Books

10 Books to Take Your Leadership to the Next Level

These books from Entrepreneur Press can make a leader out of you.
Prepare to Succeed

Taking Your In-Person Experience into the Digital World

Shawn Walchef, Owner of Cali BBQ & Founder of Cali BBQ Media, talks about what Digital Hospitality is, why it’s so important and what steps business owners can take to implement an effective digital strategy.
Training

30 Million People Worldwide Have Acquire Digital Skills During the Pandemic – Thanks to Major Tech Companies

Microsoft and LinkedIn have launched the next stage of their alliance to help job seekers and employers move toward a skills-based economy.
Finance

Amazon Contests Hundreds Of Ballots In Union Vote

Amazon Inc (NASDAQ:AMZN) has reportedly contested hundreds of ballots in the vote about whether to unionize its Bessemer, Ala. warehouse. Officials are set to start counting those ballots publicly this afternoon or Friday morning. Q1 2021 hedge fund letters, conferences and more Union Drive Sees 55% Voter Turnout According to CNBC, the Retail, Wholesale and […]
Livestream

How Livestreaming Can Attract More Customers

Find out how to plan, execute and repurpose your livestream communication to make it truly dynamic.
Prepare to Succeed

You’ve Been Tracking Employee Productivity All Wrong

When it comes to remote work, do you know which metrics really matter?
Ecommerce

Rushing Into Ecommerce Can Lead to Costly Mistakes. Here’s What You Need to Know.

The few still new…to what’s become an all-encompassing way to retail…must tread lightly.
Ecommerce

Rushing Into Ecommerce Can Lead to Costly Mistakes. Here’s What You Need to Know.

The few still new…to what’s become an all-encompassing way to retail…must tread lightly.
Entrepreneurs

3 Tips for Succeeding When Your Industry is Dominated By a Monopoly

How to keep up when your competition is Amazon or Google.
Computer monitors

Design Your Perfect Workspace with These Flexible Monitor Mounts

No matter how you like to work, you can find the perfect monitor position.
Money

The NFT Gold Rush: Here’s Why Everyone Is Talking About Non-Fungible Tokens

Bitcoin remains the undisputed blockchain industry leader, but as the major banks and investment funds accumulate BTC, retail investors always try to find the next big thing.
Data Science

Why should SMEs think more about data?

Companies that make their decisions informed by data are, on average, 5 percent more productive and 6 percent more profitable than their competitors.
Finance

Lamb Weston Patiently Waiting For Reopening Surge

Lamb Weston (NYSE: LW) is among the very few consumer staples companies that have not had a fantastic post-COVID experience. The company, hampered by its exposure to restaurants and hospitality, saw its revenue drop sharply in the fiscal Q4 period of 2020
Finance

Simply Good Foods Stock Looks Healthy

A little over a year ago Simply Good Foods (NASDAQ: SMPL) was among the least appetizing packaged food stocks. The onset of the pandemic translated to low demand for on-the-go nutrition as gyms closed and people worked from home.
Social Media

8 Simple Ways to Make Social Media Work for Your Business

Using social media to promote your business doesn’t have to be hard if you just follow these 8 easy steps.
Finance

Artificial Intelligence Revolution: 3 Stocks to Automate Your Gains

With the global AI market expected to reach $267 billion by the year 2027, there’s plenty of reasons to consider investing in companies with exposure to the technology. Let’s take a look at 3 stocks to consider buying if you want exposure to the AI revolution.
Crisis

How to continue operating in the midst of one of the biggest crises in history?

The world has changed due to unpredictable issues, but this is not justification for the efforts to dissolve.
Women Entrepreneurs

10 Stories That Will Revolutionize the Way You Lead Your Life

Become a change-maker in your industry with inspiration from ten powerful women who weren’t afraid to challenge a world stacked against them.
Finance

Semiconductor Industry Set To Benefit From Global Chip Shortage

Semiconductor manufacturers such as Amkor Technology (NASDAQ: AMKR), ON Semiconductor (NASDAQ: ON) and United Microelectronics (NYSE: UMC) are benefiting from strong demand for electronics gear, combined with a global chip shortage..
Finance

Charles Schwab is Set for a Blowout Quarter

Charles Schwab (NYSE: SCHW) is set to report its fiscal first-quarter earnings a week from today, and every indication is pointing to outstanding numbers for the discount brokerage. Has all of the upside already been priced in?
Finance

United Airlines, Alaska Air Group Stock Get Upgrades

Down but not out. That was the story of the major airlines for much of 2020 after they took the mother of all batterings in the face of the COVID pandemic.
Finance

Conagra Brands Will Sustain Growth This Year And Next

Shares of Conagra Brands (NYSE: CAG) are holding steady in pre-market action following the release of FQ3/CQ1 results. The company reports a solid quarter and gave updated guidance that takes a certain point of view to fully appreciate.
Finance

Constellation Brands Down 5% On Better Than Expected Results

Constellation Brands (NYSE: STZ) shares are down 5.0% in early action after posting a better-than-expected quarter. The catch is that results are better than the broad consensus of analysts, a consensus that has trailed reality as it has with so many other stocks in the market today.
Finance

Mark Cuban Says Explosive Growth in DeFi Is ‘Like the Early Days of the Internet’

Traditional finance walked so that decentralized finance could run.
Stress Management

3 Ways to Prevent Stress from Taking Over Your Life

Your best chance of succeeding in the fight against stress is to aim for prevention. Use these three methods to prevent stress on the individual and organizational level.
Success Habits

5 Ways to Treat Your Customers Like VIPs and Deliver “Wow” Moments

Learn to deliver more than your customers expect and you’ll win them over and create a loyal fan base.
Marketing

3 Cold Call Tips That Will Help You Book 15 Appointments a Day

The daunting task can actually be fruitful if you follow these rules.
News and Trends

1 in 3 Covid-19 Survivors Suffer From Long-Term Brain Disorders, Study Says

Covid-19 appears to have a far bigger impact on neurological and mental health conditions compared to the flu, according to researchers.
Finance

How To Improve Your Office’s Working Environment

If you have a positive work environment, your employees will be more likely to feel like they’re included, valued, and necessary. And all of this positivity combined can also have a direct impact on your bottom line. Q1 2021 hedge fund letters, conferences and more Tip To Improve Your Office’s Working Environment If you’re ready […]
Finance

How To Throw A Virtual Party In 2021

2020 has changed us forever and while it is firmly behind us now there are some holdovers we expect to deal with throughout 2021. One of those holdovers is limited social interactions. Until vaccinations are fully rolled out, we will likely have to take precautions. However, that doesn’t mean we can’t enjoy meaningful moments. If […]
Finance

The ESG Case For Sovereign Bonds

Since the publication of BlackRock CEO Larry Fink’s 2020 letter, environmental, social, and governance (ESG) investing has broken into the mainstream. Despite its size (103 billion USD), ESG investing has largely neglected the fixed income (FI) market, which remains dominated by sovereign debt. Investors who seek environmental and social outcomes (and can tolerate risk) should […]
Prepare to Succeed

12 Leadership Lessons from Mailchimp Co-Founder and CEO Ben Chestnut

How he grew the email marketing platform into an enterprise valued at more than $4.2 billion.
News and Trends

The Youngest Billionaire Is No Longer Kylie Jenner – It’s an 18-Year-Old From Germany

As of October 2020, Jenner’s net worth was listed at $700 million.
Small Businesses

Free Webinar | April 8: How Small Businesses Can Get Paid

In today’s world, improving your business’s cash flow-the lifeblood of any company-can mean the difference between being able to pay your employees or having to close up shop.
Trends

Has Dry January Really Lifted Non-Alcoholic Beverage Makers’ Spirits?

Entrepreneur spoke with several companies about their efforts to seize on the annual wellness trend.
Finance

8 Ways To Boost Property Value And Increase Kerb Appeal

When it comes to selling your home, first impressions certainly count. Properties with high kerb appeal are guaranteed to have better luck on the market, with potential buyer’s keen to conduct a viewing. Neat spaces induce greater kerb appeal and boost a home’s value – the best part is, you don’t necessarily need to spend […]
Developing an Agile Work Culture

Remote-Communication Tips from 7 World Champions of Public Speaking

Some of the best in the biz offer their insights on how to shine while delivering messages from a distance.
Finance

Money Mistakes People Regret The Most

When people everywhere suddenly found themselves unemployed thanks to the pandemic, many of us were taught a lesson about money the hard way. It turns out that not saving enough money for an emergency was a big mistake. Q1 2021 hedge fund letters, conferences and more The Money Mistakes People Regret Making While it’s usually […]
Starting a Business

How to Determine Which Product You Should Launch Your Brand With

Starting a business? Consider carefully what your first signature offering should be.
Finance

Warren Buffett’s Mistake Of Selling Of Bank Stocks

Whitney Tilson’s email to investors discussing Warren Buffett’s $10 Billion mistake and the importance of thinking independently; robotics; the first mobile phone call. Q1 2021 hedge fund letters, conferences and more Warren Buffett’s $10 Billion Mistake 1) Nobody is a greater admirer of Berkshire Hathaway (BRK-B) CEO Warren Buffett than I am… But that doesn’t […]
WhatsApp

Protect Yourself From This WhatsApp Scam

If you get this message from a friend, it is probably a trick to hack your WhatsApp.
Crisis Management

Long Beach Beer Lab Could Have Closed; Instead, They Became Essential

The story of how one small brewery and gastropub semi-pivoted on the fly and has been busier than ever.
Developing an Agile Work Culture

How to Build More Purpose Into Your Work

Don’t look for meaning in your work. Create it.
Finance

A Guide To Managing Your Money Better In 2021

When it comes to putting yourself in the best financial situation possible and having your personal finances under control, effective money management is vital. Are you aware of your outgoings? What about your credit score? Are you keeping track of your debt? These are all critical factors to be aware of to become a money […]
Finance

JPMorgan Chase CEO Jamie Dimon Has A Warning For The U.S.

JPMorgan Chase & Co. (NYSE:JPM) Chairman and CEO Jamie Dimon believes the economic recovery after the pandemic will last at least a few years. He also warned that “inept” public policy and government dysfunction are causing many serious symptoms. [soros] Q1 2021 hedge fund letters, conferences and more Further, he said there was “some froth […]
Finance

The Benefits Of PropTech For Property Managers

As the globe adopts further digitalisation, technological advances have benefitted many industries, including the world of real estate. For landlords, the implementation of PropTech can make a real difference and positive change to their business models. But how exactly has PropTech changed the face of real estate and property management? Q1 2021 hedge fund letters, […]
Leadership

Why ‘Messy’ Leaders are the Future

Research suggests that “messy” leaders will best navigate the new normal.
Billionaires

The 10 Latin American billionaires of the year

While 22 million people were added to poverty in the region, Forbes reports that these men and women increased their wealth.
News and Trends

Here’s How to Check If Your Phone Number Was Leaked in the Massive Facebook Breach

Over the weekend, the personal data of more than 533 million Facebook users was published in a hacking forum.
Finance

Ebang: Yet Another Crypto “China Hustle” Absconding With U.S. Investor Cash

Ebang International Holdings Inc (NASDAQ:EBON) is a China-based crypto company that has raised ~$374 million from U.S. investors in 4 offerings since going public in June 2020. Q1 2021 hedge fund letters, conferences and more While the company represented that it would use the majority of its numerous capital proceeds to develop its business operations, […]
Press Coverage

3 Strategies to Land Big Press If You Are Not a Purple Cow

In today’s media world, no brands are unfit for coverage.
Finance

6 Time Management Methods For Small Business Owners

As a business owner, you have a lot on your plate. And sometimes it can feel like you’re constantly working to manage every aspect of your business to make sure it’s running smoothly. This can be dangerous for your mental health. One study found that 70% of people say that a heavy workload and poor […]
Business Growth

Business Investing for Business Growth

Business leaders can lead strategically by investing in both themselves and the business.,
Success Stories

This Craft-Beer Founder Gave Herself 6 Months to Succeed. Five Years Later, She’s Flourishing.

Sufferfest CEO Caitlin Landesberg left a comfortable job, took a risk, and it paid off. Here’s how she did it and what she learned.
News and Trends

Black Manager Sues Amazon Over Alleged Discrimination, Sexual Assault and Harassment

Charlotte Newman says her former director made unwanted sexual advances toward her, adding that Amazon had a widespread culture of ‘down-leveling’ Black employees.
Finance

What a new plan for GSE reform could mean for borrowers

There’s been a lot of talk about getting Fannie Mae and Freddie Mac out of conservatorship, although that could change now that President Joe Biden is in the White House. However, Biden’s presidency does not necessarily mean that reform for the government-sponsored enterprises is entirely out of the cards. Q1 2021 hedge fund letters, conferences […]
Entrepreneur Index

Amazon CEO Jeff Bezos Supports Corporate Tax Hike

Amazon Inc (NASDAQ:AMZN) CEO Jeff Bezos supports raising taxes on corporations, but it seems he might not support the entire infrastructure bill that includes the tax hike. In a statement, Bezos said Amazon supports “the Biden Administration’s focus on making bold investments in American infrastructure.” Q1 2021 hedge fund letters, conferences and more However, he […]
Branding

Automate and Enhance Your Brand Design With This Award-Winning Tool

RelayThat makes it easy to design your brand’s marketing materials effectively.
Growth Strategies

6 Strategies That Drive Business Growth

Women often lead their companies to success in a way that’s very different from male leaders. Use these six strategies to follow their lead.
Startups

5 Tips for Finding a Great Advisor for Your Startup

Acquire the right man or woman who’s sole job is to make sure you make less mistakes.
Customer Relationship Management

Daylite Offers a Customized CRM for Small Businesses That Use Mac

Manage everything your professional services SMB needs from a single hub.
Cell phone

Your Cell Phone Expenses Don’t Have to Put You in the Red—Boost Mobile Can Help

Boost Mobile is offering a can’t miss deal.
Entrepreneurs

How One Woman Is Winning the Canned Wine Market

The founder and CEO of a mission-driven vino venture reveals how she creates “buzz” in every sense of the word.
Marketing

7 Effective Delivery Skills for Public Speaking

Discover smart delivery and strategy tactics and the exercises you can practice so you can improve your speaking skills.
Leadership

Why Vulnerability Is a Strong Business Leader’s Most Powerful Weapon

You don’t have to wear a suit of armor every day to inspire your workforce. Instead, show your weaknesses and you’ll have more people’s trust and loyalty.
Finance

Investors Should Get Comfortable with Comfort Systems USA

When it comes to investing in homegrown companies it doesn’t get much more patriotic than Comfort Systems USA (NYSE:FIX). The provider of building construction and maintenance services has been around for almost 25 years.
Artificial Intelligence

This Is the Most Powerful Artificial Intelligence Tool in the World

In June 2020, the Californian company OpenAI announced the GPT-2’s upgrade to GPT-3, a language model based on artificial intelligence and deep learning.
Ecommerce

Electronic commerce: 4 tips to boost your business on the internet

Although digitization is an advantage over businesses that only offer physical sales, various businesses face the challenge of making their e-commerce stand out and generate the expected results.
Finance

3 Market-Leading Stocks to Buy on Dips

We’ve put together a list of 3 market-leading stocks to buy on dips to help you get a better sense of what companies might fit into your long-term investing plans.
Finance

3 Big-Box Retail Stocks to Buy Now

We take a look at 3 big-box retail stocks that could be worth buying now.
Finance

Juniper Networks Stock is a Laggard Networking Play

Network communications company Juniper Networks (NYSE: JNPR) stock has been chopping in a trading range for nearly a decade.
Finance

The Moderna Pullback is Worth a Shot

A little over two years ago Moderna (NASDAQ:MRNA) was a relative unknown in the world of investing. The Massachusetts-based biotech company was making its public market debut hoping investors would take to its novel approach to drug and vaccine development. My how times have changed.
Enterprising women

How to become an Alpha Woman in business: when apart from being a collector you want to be an entrepreneur

This article is for the woman who is thinking about exploring entrepreneurship, who lacks a push to start or who does not feel sufficiently equipped to launch a business alone.
Finance

Smart Global Holdings Business Acceleration Is Underway 

Smart Global Holdings beat on the top and bottom line and provided blow-out guidance that points to rising share prices over teh short, mid and long-term.
Finance

3 Fintech Stocks With Good 2021 Prospects

Financial technologies are extending their reach into more aspects of life, all over the world, opening more doors for companies like NCR (NYSE: NCR), ACI Worldwide (NASDAQ: ACIW) and Fiserv (NASDAQ: FISV).
Finance

RPM International Is Geared For Growth

Shares of RPM International are down following the Q2 earnings report but we expect this high-quality dividend growth stock to begin moving higher very soon.
Finance

Sizing Up The Opportunity in Snap Stock

A 5% jump in yesterday’s session made shares of social media giant Snap (NASDAQ: SNAP) among the best performing of US equities.
Finance

SMBX – Small Business Bonds Marketplace Review

SMBX is an online marketplace that allows individual investors to buy small business financial securities. It can be difficult for some small businesses to get a business loan. With SMBX, a small business owner is taking a different route. In this case, they are raising capital from the public
Mentors

How to Approach and Attract a Potential Mentor

If you feel like you’re spinning your wheels at work, working with a mentor could get you back on track and moving full steam ahead. Use these tips to find one that’s a good fit for you.
Customer Engagement

How to Keep Your Business Open 24/7 Without Having Anyone Working All Those Hours

Customers expect access to you any time of day. These tips can help you pay attention at all times without burning the candle at both ends.
Stress Management

The 4-Step Process to Conquering Stress for the Rest of Your Life

Keep the stress monster at bay by committing to each of these four steps for the rest of your life.
Growth Strategies

How to Effectively Measure Strategic Initiatives

Follow this expert advice for laying out a game plan for any project or initiative that will help you evaluate it before, during and after the project is complete.
Financial Goals

10 Tips to Stay Focused on Your Financial Goals

Setting financial goals isn’t for the faint of heart.
Closing Sales

5 Ways to Master Sales

Learn to overcome the five biggest fears in sales and become a master salesperson.
Entrepreneurs

Magic Johnson Is Here To Teach You How To Use the Cultural Demographic Shift to Your Business’s Advantage

There’s a cultural demographic shift happening in the U.S. that could disrupt your business. Get ahead of it now by finding out how Magic Johnson is tapping into and profiting from it.
Prepare to Succeed

3 Marketing Tactics Entrepreneurs Should Implement to Improve Their Return on Investment

These marketing tenants are key to success for a forward-thinking company.
Prepare to Succeed

Your Buyer’s Journey is Now Online. Is Your Customer Experience Digital-First Too?

This is how you can build a tech suite for the digital-first customer.
Finance

These Are The Top Ten Convertible Mutual Funds

Investing in hybrid securities is one of the best ways to earn returns and lower the risk profile of a portfolio. Within hybrid securities, convertible funds are the most popular among investors. Such funds give investors the benefit of investing in stock with the safety of bonds. These convertible funds usually invest in convertible bonds […]
Inspiration

NASA names a mountain on Mars in tribute to Mexican scientist

Rafael Navarro González dedicated his life to science; Now the space agency pays tribute to him after he passed away from COVID-19.
Developing an Agile Work Culture

5 Small Business Strategies to Recover, Rebuild and Be Ready

Small business owners can adopt these recovery strategies to recover and thrive in unpredictable conditions.
Prepare to Succeed

Free On-Demand Webinar: How to Build a Disruptive Business Model That Scales

Watch our Leadership Lessons series host — Comparably co-founder/CEO Jason Nazar — as he chats with Sunrun co-founder/CEO Lynn Jurich. She’ll share the most important lessons of her career, from her time as a venture capitalist to becoming an entrepreneur herself.
News and Trends

Kim Kardashian West Joins Estranged Husband Kanye West on Billionaires List

The model and television personality’s net worth is largely attributed to the success of her two businesses.
News and Trends

The Race to Covid-19 Vaccine Passports, and Where You Can Get Yours

If you are a citizen of certain countries, you may be in luck.
Success

Which Do You Need: A Coach or a Consultant or a Trainer? Here’s How to Know.

The terms coaching, training, and consulting are thrown about by clients, believing they are interchangeable. In reality, each solution has a unique impact on you and your people.
Finance

Increased Trading Means It’s Time To Up Your Employee Trade Monitoring Game

Trading today is more accessible than ever before. The Robinhood trading app officially launched in March 2015, and headlines from 2020 indicate that it’s already handling more trading volume than rivals Charles Schwab and E-Trade combined. Robinhood also spurred the move toward commission-free trading, which has become industry standard as a result. [soros] Q1 2021 hedge fund […]
Finance

A Hypothesis For A Bitcoin ‘Triple Top’ In 2021

From sovereign wealth funds jumping in, to multiple Bitcoin ETFs in the works, there is a growing sense something important is going on and that perhaps mainstream adoption is just around the corner. Q1 2021 hedge fund letters, conferences and more There is so much to focus on out there but you only need to […]
Finance

7 Steps To Ensure Long-Term Business Success

Starting up your own business is a hard thing to do, and running it is even harder. There’s a lot you’ll have to get right in order to keep yourself going past the first twelve months. Q1 2021 hedge fund letters, conferences and more Thankfully, with these top tips, you can learn more about how […]
Finance

4 Reasons To Consider Fixed Income Investments

Fixed income investments are many investors’ bread and butter. More secure and stable than buying stocks (also known as “equity”), making a fixed income investment means buying a bond, which a company issues to raise debt. Q1 2021 hedge fund letters, conferences and more You make your profit through interest payments, which the company will […]
Finance

So You’re An Accredited Investor: Here’s What You Can Do Now

If you recently became an accredited investor, you may not be aware of all the strategies that have just been opened to you. An accredited investor is usually a high-net-worth individual or entity, although the U.S. has changed the definition to add another category to it. Q1 2021 hedge fund letters, conferences and more The new […]
News and Trends

Elon Musk Reveals What Caused a SpaceX Prototype to Mysteriously Explode

The SN11 launched from the company’s South Texas facilities last week but exploded upon landing.
Entrepreneurial Journey

How Fashion Design Rebecca Minkoff Pivoted In the Pandemic: “We Were Not Going to Go Down Without A Fight”

Rebecca Minkoff’s business was in trouble. Watch her explain how she redefined it for a digital era.
Franchise

Entrepreneur Franchise of the Day: Uptown Cheapskate

The resale store for young adults that buys and sells name-brand apparel, shoes and accessories takes the thrift store experience where it’s never been before.
Finance

Dividend Stocks Are An Excellent Way To Earn Passive Income

Passive income is a great way to set yourself up for success, both in retirement and before. There are several options for passive income, although some are more passive than others. For example, real estate can be a passive investment. However, it also requires property management, so you would need to hire a property manager […]
Starting a Business

How This Entrepreneur Turned His Passion Into a Business

The founder and CEO of GigaPoints shares how his company helps consumers reap the most benefits for their personal spending habits.
Tesla

Tesla Shares Skyrocket for Electric-Car Delivery Record; See How Much They’re Worth Now

Elon Musk’s company is about to add about $ 50 billion to its market value. In the first quarter of 2021, Tesla delivered 184,800 vehicles globally.
Marketing

5 Low-Cost Marketing Strategies for Your Self-Published Book

These strategies can help you sell books and establish expertise.
Yahoo!

Yahoo Answers Announces Final Closure, and Users Relive It With Questions, Answers and Memes

The forum will disappear after 16 years of answering questions from Internet users, but nostalgia has led to a dignified farewell.
News and Trends

This NBA Team Will Soon Have the Option of Being Paid in Bitcoin

In a Clubhouse announcement, Vivek Ranadivé said he would be open to paying his players and staff in cryptocurrency.
Customer Engagement

People are Exhausted. Here’s How to Inspire Them to Buy Your Product.

The past year has resulted in a level of mental exhaustion that is unknown territory for modern companies – and selling in the face of that can be very challenging. Here are four strategies that can help.
Finance

These Were the Countries with Most Billionaires in 2020

The number of billionaires a country has is no accurate measurement of the overall growth, wealth or well-being of a nation. However, it does speak well for that country. Also, it has been seen that countries with more billionaires are usually big countries having massive economic clout. Detailed below are the countries with the most […]
Wall Street

The Investor Who Missed the Chance to Make Millions With Netflix

Despite this ‘mistake,’ Carl Icahn does not regret his decision. This is the reason.
Finance

You May Get Supplemental Payment to Your Stimulus Check

So far, millions of people have received their stimulus checks, but many got less than what they were eligible for on the basis of their 2020 tax return.
Entrepreneur Index

Small Businesses Push Back Against Amazon On Antitrust Issues

A national coalition of small businesses is calling for stronger antitrust measures in a pushback against Amazon Inc (NASDAQ:AMZN). If the group successfully pushes through the measures, they could force the company to spin off some of its businesses. [soros] Q1 2021 hedge fund letters, conferences and more Small businesses target Amazon According to The […]
Healthy Entrepreneur

The two syndromes that negatively impact our professional lives. Identify them!

The World Health Organization warns that 75% of workers suffer from burnout, but did you know that you could also suffer from Small Intestinal Bacterial Overgrowth, better known as SIBO?
News and Trends

Supreme Court Rules in Google’s Favor in Oracle Copyright Case

This might finally put an end to the year-long Oracle / Google slugfest.
Bill Gates

Bill Gates Explains Why He’s the Largest Farmland Owner in America

It’s the first time Gates has publicly commented on land purchases made by his associated entities.
Success Stories

‘So Many Lightbulbs Went Off’: How This Couple’s Stress-Soothing Invention Blew Up During the Pandemic

The Apollo Neuro is a new anxiety-reducing wearable backed by powerful research, and the powerhouse couple behind it has high hopes for combating the mental health crisis.
Franchises

These 5 Nontraditional Types of Franchisees Make Great Leaders

These franchisees exemplify the advantages of a nontraditional perspective.
Entrepreneurs

A year of pandemic: learning for entrepreneurs and SMEs

If the new normal is still a long way off, it is necessary for all of us to have an entrepreneurial attitude to create an environment of transformation of human and commercial relationships, protecting ourselves and others.
Remote Workers

The Company of the Future Doesn’t Have an Office

The pandemic’s almost over, and remote work has never been more popular.
Finance

Should You Buy A House Right Now Or Wait A While?

The housing market was off and running last year despite the pandemic as interest rates were cut close to zero. However, some of the conditions that made it such a great move to buy a house in 2020 have begun to change. So is it still a good time to buy a house? You might […]
Public Relations

Is PR Dead?

The pandemic has created disruption across many industries. Will it kill PR?
Content Strategy

The 1 Question New Content Creators Should Never Ask Themselves

Lauryn Bosstick and Michael Bosstick, hosts of ‘The Skinny Confidential Him and Her’ podcast, chat about how to combat the fears you experience, as well as their best strategies for building a community.
Inspiration

John’s Parable of the Secret Way to Success

A sales team that fell short of budget, the words of a charismatic boss, and the story of a boy at tennis summer camp give us a clue as to the right path to success.
Technology

Why You Should Use WhatsApp Business in 2021

From customer engagement and brand awareness to commerce opportunities for products and services, there are many reasons to use WhatsApp Business in 2021.
Video Conferences

Livestorm Simplifies Video Communications for Today’s Remote Work Landscape

This simple but powerful video communication tool makes planning, conducting, and analyzing video calls, webinars, and more a breeze.
Success

3 Lessons I Learned Selling My Billion-Dollar Company

Here are three lessons I learned selling Byte by $1.04 billion dollars in three years.
Finance

Is Shiller Losing Confidence in His Own Research?

I believe that Robert Shiller is gradually losing confidence in his own research. He still has confidence in the findings. The findings are rock-solid and there is no reason to doubt them. But what really matters are the how-to implications of the research — what should investors be doing differently because of Shiller’s finding that […]
Finance

Time to Scale into Twitter Stock on These Pullbacks

Social media platform Twitter (NYSE: TWTR) stock has been in the center of much controversy fending off the scrutiny of the U.S. Congress along with peers Facebook (NYSE: FB) and Google (NASDAQ: GOOG) regarding censorship, data privacy and liability concerns.
Entrepreneurial Life

Zoom fatigue exists, and here are 4 ways to transform it

The overexposure to screens simultaneously, such as the computer, the cell phone, a television, a tablet, plus the succession of voice calls and deadlines that mark the top line of delivery dates, subject employees to an exhausting effort .
Finance

3 Under-the-Radar Growth Stocks to Buy Now

We’ve put together a list of 3 under-the-radar growth stocks to buy now so that you can gain some valuable insight about the names that could become huge winners in the coming months and years.
Storytelling

This distinguishes ‘successful’ companies from legendary companies

Get to know the “hero’s journey” and learn to tell your own story.
telemedicine

Two alliances that seek to reduce your health expenses

Early and timely medical attention is key to prevent the diseases from progressing and becoming catastrophic for the population. In Mexico, 49 percent of the resources allocated to health services comes from personal pockets.
Digitization

The revolution of the Internet of Things, a world to discover

The business fabric in Latin America is strongly made up of traditional companies, but how to turn this reality around?
Apps

How to position your mobile application and have more downloads from the App Store and Google Play Store?

App Store Optimization is characterized by being a set of techniques that aim at organic positioning in app stores.
cryptocurrencies

What is bitcoin? Why the digital currency became popular

BITCOIN ($ BTC) was introduced by “Satoshi Nakamoto”, alias of a programmer or group of programmers whose motivation for its development was the economic crisis of 2008 – 2009.
Cryptocurrency

Here’s How You Can Use Decentralized Finance to Draw Passive Income Streams

Before the advent of DeFi, crypto owners did not have access to any decentralized avenues for lending, farming, staking their assets. Now, there are a plethora of ways through which token holders can see their assets multiply from passive income.

Death of Dividend: Here’s How to Recharge Your Passive Income Strategy

Death of Dividend: Here's How to Recharge Your Passive Income Strategy

The economic devastation caused by Covid-19 has been unprecedented, with most countries across the world only just starting to recover from the unforetold effects of the virus. One of the more prominent financial casualties of the pandemic has been the domain of “dividend-based income schemes,” often relied on by entrepreneurs as they seek to achieve the best of two worlds — capital appreciation of an equity investment with a regular cash flow customary for a fixed income instrument. This is a particularly convenient strategy for those heavily invested in their businesses while needing a regular income stream to fund their day-to-day expenses.

After a dire year for corporate payouts, where an increasing number of multinationals will have to cut or cancel their dividends altogether, a whopping 75 percent of all UK-based firms have already had to resort to such measures. To put things into perspective, this figure was only 40 percent during the last major dividend crises — i.e. the 2008 credit recession.

But dividends have been on the decline for decades, falling from grace since the 1990s when the average payout ratio for S&P 500 companies fell to 30 percent from a previous fluctuating average of 40 percent to 60 percent between 1950 and 1990. Additionally, as per data recently made available by global financial administrators Link Asset Services, one can see that during Q2 2020 alone, the total amount paid in dividends by UK companies fell by 57.2 percent to £16.1bn, signalling a cut of almost £22bn. Covid-19 has merely accelerated the inevitable: Cuts were coming anyway.

What’s causing this to happen? What lies ahead?

While there are many nuances to why dividends are going out of fashion, one of the main reasons at the moment is the need for companies to hoard cash due to today’s uncertain economic climate. Secondly, dividend receipts are incredibly inefficient and cumbersome when it is time for a person to file their taxes. Lastly, an over-reliance on dividend income tends to signify an absence of alternative attractive investment opportunities in the market.

The lock downs have also spurred on the aforementioned slew of dividend cutbacks, which  are likely to continue well into the future as companies start to pay off vast debts they may have gathered during the crisis. As a result, it is anyone’s guess as to how much more debt most companies will have to accrue, especially as lockdown restrictions continue to be implemented across the globe.

Alternative investment strategies worth considering. 

For entrepreneurs who rely heavily on dividend-based monetary streams, it may seem as though the ongoing pandemic has turned their world upside down. Since there is so much economic uncertainty across most markets today, individuals should maintain diversity across their portfolios, spreading their investments across a variety of different regions, sectors, and asset classes. For example, dividends emanating from companies affiliated with the defense, healthcare, and technology sectors have faced little to no pressure throughout the coronavirus crisis. They may, therefore, be potentially lucrative investment avenues.

Similarly, forward-looking entrepreneurs may choose to switch up and modernize their strategies by considering inflation-beating assets such as cryptocurrencies or even precious metals like gold. While neither Bitcoin nor gold pays any dividends, it’s always possible to sell some of your holdings during bull cycles in order to lock in profits, thus allowing owners to generate steady cash streams as and when required.

People might even want to consider different asset classes such as high yield and emerging market bonds that can routinely deliver gains ranging between 3 percent to 4 percent, which, in this low-interest-rate environment, could be quite an attractive option for many. Other options include ‘investment trusts’ since they can borrow from or use their ‘revenue reserves’ – which basically comprise of the dividends they receive any given year — allowing their backers to draw steady income streams even during leaner periods.

Lastly, micro-investing is another untapped domain that is fast gaining prominence. It affords entrepreneurs the ability to maximize their money’s growth potential while giving them a good shot at beating many common inflation-related woes. In fact, over the course of the last few years, a number of digital platforms such as OSOM Finance, Acorns, and Robinhood, have made the process of micro-investing extremely streamlined and hassle-free for those interested in exploring this space.

The new normal and the adverse effects of low-interest rates. 

With interest rates being cut by central banks globally, it has become easier for people to borrow money than ever before. For example, in the wake of the coronavirus pandemic, many Central Banks cut interest rates to essentially zero in 2020, primarily as a means to shelter their economies from the effects of the virus.

While on paper this may sound good because reduced interest rates can increase consumer/business expenditure, enhanced market investments, etc., it can also result in inflation and the creation of a liquidity trap which can severely devalue one’s local fiat currency.

For example, following the 2008 credit crisis, the Fed lowered rates and injected money into the economy to increase economic activity. However, the move created a liquidity trap — wherein people started to hoard cash in fear of another market crash — and as a result, the American economy failed to expand despite zero/very low-interest rates.

Low-interest rates can reduce one’s spending power and have an adverse impact on a country’s middle class because when interest rates are lowered, unemployment rates can increase since companies can lay off well-paid individuals in favor of contractors, temporary/part-time workers at much lower rates.

This, in turn, facilitates a wage decline across the board, creating a highly undesirable social environment wherein individuals have to reduce their standard of living since they can no longer afford to pay for even essential goods and services.

One final hurdle that entrepreneurs can face whether they are looking to make income off of dividends or not: Capital. The alternatives outlined above, whether cryptocurrencies, high-yield bonds or even micro-investing, are all far less lucrative if an individual doesn’t have a notable portion of money to stake in the first place.

This essentially creates a barrier to lower class citizens who may have little or no spare cash and are living paycheck to paycheck. While new services and technologies are certainly lowering the barrier for entry, realistically valuable returns are near impossible without sizable upfront investments, particularly for the instruments with a fixed income component.

Anton Altement

 

By: Anton Altement Entrepreneur Leadership Network VIP

Source: Death of Dividend: Here’s How to Recharge Your Passive Income Strategy

.

.

I share a few warning signs that a dividend stock is going to get cut and how you can avoid losing thousands in dividend investing. Watch another Investing for Beginners video here: https://youtu.be/IGVfXwVP8Ws SUBSCRIBE to start the financial future you deserve: https://www.youtube.com/channel/UCbKd… #DividendStocks #Stocks #Investing
.
.
More Contents:
5 Reasons to Invest in Commercial Window Tinting for Your Business
[…] It will pay dividends on the electric bill, especially during those hot summer months […]
3
SolGold PLC Conference Attendance and Investor Presentation
uk.advfn.com – Today
[…] costs since SolGold’s earn in was completed, from 90% of its share of distribution of earnings or dividends from ENSA or the Cascabel concession […]
0
Condor Gold PLC Infill Drilling Programme Update
uk.advfn.com – Today
[…] rate and currency risks; commodity prices; reliance on key personnel; dilution risk; payment of dividends; as well as those factors discussed under the heading “Risk Factors” in the Company’s annua […]
0
Angus Energy PLC Final Results
uk.advfn.com – Today
[…] Results and Dividends The Group recorded a loss after tax of GBP2 […]
0
Blow to India as US, UK courts confirm $1.4 bn award to Cairn – Rediff.com Business
[…] action was taken, it seized and sold Cairn’s residual stake in the India unit, confiscated dividends due from such holding, and stopped tax refund due to it […]
1
The FAANG stocks, in these uncertain times, are expected to rise as much as 35% over the next year News
new-economy.gr – Today
[…] It is money that can be used to fund expansion or acquisitions, or buy back shares, increase dividends for for any other corporate purpose […]
2
SA’s economy and commodity prices
moneymarketing.co.za – Today
[…] The JSE’s Resources index (excluding dividends) has more than doubled form the March 2020 low, and has finally regained its 2008 peak […]
0
55,669 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by Dynamic Technology Lab Private Ltd
[…] Further Reading: Stocks Increasing Dividends Want to see what other hedge funds are holding UAL? Visit HoldingsChannel […]
0
Obahiagbon writes back | The Nation
thenationonlineng.net – Today
[…] southern counterparts have been inebriated in their narcissistic aqua rather than delivering the dividends of democracy to their people […]
2
Tax Deductions and Credits For Parents With Children And Dependents.
[…] of the Tax Year Dependent total gross income was less than $10,000 Dependent income is only from dividends and interest (includes capital gains distributions and Alaska Permanent Fund dividends) Dependent didn’t file a joint return for the Tax Year Your child is required to file a retur […] com you can complete Form 8814, Parents’ Election To Report Child’s Interest and Dividends, and eFileIT with your return […]
19
Personal Loans
[…] balance in your account Interest rate is 3% above current dividend rate Shares continue to earn dividends Apply Now Overdraft Line of Credit Attached to your Align checking account No bounced check fees or […]
N/A
Football Index reviewed by Anthony
uk.trustpilot.com – Today
[…] 2 months and loving it; in that time I received over £4000 in dividends and the market has been up and down like most markets […]
0
Graham Corp – GHM – Stock forecast – 3 months stock price prediction
[…] Financials Revenue USD Gross Margin Operating Income Operating Margin Net Income Earnings Per Share Dividends Payout Ratio Shares Book Value Per Share Operating Cash Flow Cap Spending Free Cash Flow 95M 21 […]
0
Alaska Ballot Measure 2, Top-Four Ranked-Choice Voting and Campaign Finance Laws Initiative (2020)
ballotpedia.org – Today
[…] ” Kiera O’Brien, the founder and president of Young Conservatives for Carbon Dividends: “Ballot Measure 2 make three critical reinforcements to our elections infrastructure […]
253
S. Korean civic groups join forces to back fight against Myanmar coup
[…] The company admitted working with Myanmar-based firms but denied having funneled cash, such as dividends, to the military […]
0
4 reasons SMSF trustees should be tracking dividends
[…] However, it is important to remember that with dividends come tax implications, and SMSF trustees need to track their dividends not only for tax purposes, but also to monitor their expected future dividend income and to get the […] With Sharesight, investors can automatically track reinvested dividends, as seen in the screenshot below, including the ability to track residual dividends […]
1
Reviewing Citizens Community Bancorp (NASDAQ:CZWI) and First Savings Financial Group (NASDAQ:FSFG)
[…] on the strength of their analyst recommendations, profitability, institutional ownership, risk, dividends, valuation and earnings […] Dividends Citizens Community Bancorp pays an annual dividend of $0 […]
N/A
Critical Review: Integrated Ventures (OTCMKTS:INTV) and Suburban Propane Partners (NYSE:SPH)
[…] based on the strength of their profitability, institutional ownership, valuation, earnings, dividends, analyst recommendations and risk […]
N/A
Comparing Silvergate Capital (NYSE:SI) and First Citizens BancShares (NASDAQ:FCNCA)
[…] the strength of their earnings, institutional ownership, risk, analyst recommendations, valuation, dividends and profitability […]
N/A
Cresset Asset Management LLC Sells 14,161 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)
[…] the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years […]
N/A
Tourism industry rescue package to be unveiled in “a matter of days”, says Treasurer –
[…] JobKeeper for all aviation workers with strict conditions capping CEO salaries, banning bonuses and dividends, and banning outsourcing […]
6
Agnelli family buys 24 per cent stake in Christian Louboutin, bringing market value to €2.3bn – CPP-LUXURY
cpp-luxury.com – Today
[…]   Exor’s firepower to do further acquisitions was boosted by the €1bn in dividends it reaped following the deal […]
1
Update: Ingevity (NYSE:NGVT) Stock Gained 49% In The Last Year – Simply Wall St News
simplywall.st – Today
[…] price is up 49% in the last year, clearly besting the market return of around 31% (not including dividends) […]
0
Do You Think Life Insurance Is a Complete Waste of Money?
[…] are typically coupled with a savings account, which grows over time as your insurer pays out dividends to policyholders […]
0
Corporate Compliance Training Market Outlook 2021 – World Analysis, Investment Opportunity, Growth Strategies, Research Up To 2026 | City & Guilds Kineo, GP Strategies, LRN, SAI Global, GlobalCompliancePanel – The Bisouv Network
bisouv.com – Today
[…] The modest background explains the competitive nature of the market, the market dividends and the description of the key players […]
N/A
PerkinElmer Adds HPLC Columns to Consumables Portfolio
[…] of LIBOR; (24) significant fluctuations in our stock price; (25) reduction or elimination of dividends on our common stock; and (26) other factors which we describe under the caption “Risk Factors” i […]
N/A
Search Available Properties – Fort Lauderdale EcDev
fortlauderdale.ecdev.org – Today
[…] The extra effort will pay negotiating dividends later […]
2
Wanna Encash on 'FAANG'​!
[…] On top of this, dividends are also taxed, though this can be offset due to double taxation treaties between India and the US […]
0
International Women’s Day 2021: Using your seniority to support the ne
[…] generation doesn’t fall further behind between now and when we return to the office will pay dividends in the future […]
0
Financial Accounting Assignment Help Service by Finance Expert
assignmenttask.com – Today
[…] changes in equity during the recording period, which include the issuance or purchase of shares, dividends issued, and profits or losses […]
N/A
�� Spring Budget 2021 – what you need to know >>
eepurl.com – Today
[…] The tax-free Dividend Allowance is £2,000 (although dividends received by pension funds and ISAs remain tax-free) […]
0
Sebi puts in place procedure for change incontrol of AMCs
[…] of the assets and liabilities of the schemes, including outstanding borrowings, unclaimed dividends and unclaimed redemptions, if any, as well as take all responsibilities and obligations relating to […]

6 Most Commonly Overlooked Cost Savings In Business

https://i1.wp.com/onlinemarketingscoops.com/wp-content/uploads/2021/02/cost-reduction-strategy-for-small-businesses.jpg?resize=924%2C461&ssl=1

In a quest to cut costs, many businesses inadvertently leave money on the table by overlooking legitimate savings or chasing false economies.

From paying more than necessary to cutting budgets on activities that bring home the bacon, here are some of the most commonly overlooked savings in business to look out for in 2021.

1. Marketing waste

Advisors warn against cutting marketing budgets at the risk of plunging into obscurity. However, that spend should deliver a decent return on investment (ROI).

Giving into Facebook’s prompts to boost a post might seem harmless, but it’s an easy way to burn through cash.

Not targeting ads effectively is akin to pouring good money down the drain. Determine who your ideal customer is, which media they consume and when they’re most likely to buy. Then tailor your ads accordingly.

Have a plan and a budget and stick to them.

2. In-house efficiencies

Efficiencies are the holy grail in business – doing the same thing (or better) for less money. Yet, some are less obvious than others.

Improving employee welfare and workplace culture can reduce staff turnover – saving on recruitment, training and exit payouts while stemming the loss of skills, experience and intellectual property.

Don’t confuse busyness with productivity: teams should work on revenue-driving activities, not administration. Look for ways to simplify operations, freeing staff to work on core tasks.

Avoid sacrificing existing clients for new ones. It’s more expensive to attract new customers than to give existing ones more attention and value.

Automate inventory control and staff rosters to reduce errors. Running out of stock or being short-staffed ultimately means lost sales.

Streamline business finances and develop strong financial foundations. Invoicing promptly means money coming in sooner, while paying bills and taxes on-time eliminates interest and penalties.

3. Risk mitigation

“Prevention is better than cure” typically applies to health, but the same goes in business.

Review your risk mitigation strategies and stress test them for weaknesses. Risk mitigation includes:

  • insurance against business interruption and loss/damage/theft
  • contingency plans for key staff absences
  • automatic back-ups of essential software and data
  • security protocols, password management and staff cyber training to avoid fraud and hacks
  • work-from-home capabilities should staff be unable to attend the business premises (as COVID-19 has demonstrated)

Insurances and staff hours spent on these are up-front costs, but they’ll save big bucks should disaster strike.

4. Misplaced cost-cutting

Why slash the stationery budget only to blow those savings elsewhere? It sounds silly, yet many businesses fall into this trap. It’s important to deliver real savings.

For instance, stop paying rent on unused space – downsize to smaller premises or sub-let surplus space to subsidise the cost.

Upskill employees in revenue-generating activities to boost income, rather than fire them and face hefty exit payouts.

Don’t overlook taxes when looking for cost savings. Claim legitimate depreciation of business fit-outs, office furniture, vehicles and equipment. Update vehicle logbooks to claim eligible mileage allowances. Apply for relevant tax concessions and COVID stimulus.

5. DIY

“It’s cheaper to do it myself”, many business leaders claim. But are you sacrificing your ability to earn more in the process?

Weigh up the cost of outsourcing against the additional revenues and cost-savings you could generate by spending your time elsewhere.

Outsourcing could involve delegating tasks to new or existing employees, hiring contractors or implementing new technologies.

6. Buying power

Consider how to get the best value for your money.

Interest rates are at record lows, making money cheaper to borrow to upgrade equipment or expand. Refinancing debts could also slash repayments. However, plan your finance needs ahead of time – cash flow quick-fixes like short-term loans typically cost more.

Could you buy the business premises in a self-managed super fund (SMSF)? That way, your retirement fund receives the rent rather than a third-party.

And avoid the “lazy tax”: annually reviewing subscriptions, utilities, loans and insurances can net substantial savings. Often, you don’t even need to change providers – just ask for a better rate or get them to price-match a competitor!


 

By: Helen Bakerhttps://onyourowntwofeet.com.au/

Helen Baker is a licensed Australian financial adviser and author of – On Your Own Two Feet Steady Steps to Women’s Financial Independence. Helen is among the 1% of financial planners who hold a master’s degree in the field.

Source: 6 most commonly overlooked cost savings in business – Dynamic Business

.

.

14 ways to cut costs and save money in your small business. – http://selfmadesuccess.com Let’s Connect! Twitter – https://twitter.com/MrJustinBryant Facebook – https://www.facebook.com/justinbryant… Google+ – https://plus.google.com/+JustinBryant… In this video, you will learn how to cut costs and save money in your small business. I’ll talk about strategies that include making sure you use all the best tax deductions, use freelancers instead of hiring more employees for certain jobs, cutting out expensive software in favor of free online tools and much more. Enjoy the video! https://www.facebook.com/mrjustinbryant
.
.
More Contents:
Tracking Savings: Your Key For Turning Dreams Into Reality –
thefamilymoneymentor.com – February 20
[…] Over time, you keep pouring money in savings using every savings strategy you can, you drag and drop that “-25,000” cell into the “Completed” column to simulate where you’ […]
0
Passive Investing | Retirement Savings & Strategy | Guaranteed Rate
http://www.rate.com – February 20
Passive investing is a financial strategy that is overlooked by many. When saving for retirement, passive investments can help boost your finances. See how to start passive investments here.
0
California based Fintech Firm Wealthfront Announces that Cash Account Investments May be Invested in Market within Minutes
[…] may also use the Fintech firm’s automation services to automatically execute their individual savings strategy, “allowing all money movement to happen in the background without them needing to lift a finger […]
N/A
Watch the Analytics Webinar
info.conductiv.com – February 19
Webinar: Harness the power of AI to elevate your supply chain From identifying opportunities to savings to developing a culture of supply chain improvement for your team, Conductiv’s Platform helps you optimize your third-party services. Join our webinar on Thursday, February 18th, 2021 at 10 AM (Pacific Time) to learn more about how you can gain visibility and actionable insights from your data to streamline your savings strategy. Register Now
N/A
Retirement plans 101: Where can you stash your nest egg?
http://www.reviewed.com – February 17
[…] Simply getting started—and then increasing your contributions over time—can help get your savings strategy on track […]
1
Employers Begin to See Long-Term Value of Stock Options | PLANSPONSOR
[…] sure advisers discuss stock options with clients when it’s applicable to their personal retirement savings strategy […]
2
Wealthfront Speeds Up Money Movement from the Wealthfront Cash
globalfintechseries.com – February 17
[…] Wealthfront clients can also use Wealthfront’s automation services to automatically carry out their savings strategy, allowing all money movement to happen in the background without them needing to lift a finger […]
1
Why Focus on Time in the Market Vs. Timing the Market
http://www.johnsoninv.com – February 16
[…] number of investors have treated the stock market more like a short-term gamble than a long-term savings strategy […]
3
7 IT cost optimization strategies for CIOs
searchcio.techtarget.com – February 16
[…] exists and address changes that can bring it more in line with modern technology — and yield cost savings. Strategy #4: Deploy open source appropriately Open source software can be an excellent way to reduce costs […]
N/A
Trying to Supersize Your Retirement Savings? A Backdoor Roth IRA Conversation Could Come in Handy
thinkfinance.io – February 16
[…] What is a backdoor Roth IRA? Below we’re breaking down what you need to know about this retirement savings strategy […]
3
How to Navigate the 10 Years Before Retirement
[…] These years are critical to your long-term savings strategy […]
N/A
How Post-Composition Print Tools will Drive Success in the New Year
event.webinarjam.com – February 12
[…] You will need to have your cost savings strategy dialled in […]
1
Love and Money Report
http://www.canstar.com.au – February 12
[…] “A way to open up with a partner about your income, savings strategy and any debts you carry is to lighten the mood with a fiscal date night […]
N/A
Everything You Need Know About How to Lower Self-Employed Taxes | FreshBooks Blog
http://www.freshbooks.com – February 12
[…] that are going to make the most sense for you depend on where you live, your investment goals, savings strategy, and how much you plan to contribute each year […]
N/A
Top tips to help you save a larger home deposit | Pepper Money
http://www.pepper.com.au – February 11
[…] Set aside part of your monthly salary Out of sight, out of mind is a savings strategy that works for many people […]
5
Resources to Manage Credit Card Debt
http://www.greenpath.com – February 10
[…] session to understand: How to pay down debt Steps to rebuild credit history Tips to create a savings strategy
44
7 Old-School Money Ideas That Still Work
http://www.bankrate.com – February 10
[…] Luckily, it has never been easier to implement this old-school savings strategy […]
6
Why Financial Education = Financial Independence | by Rik Coeckelbergs | The Banking Scene | Feb, 2021
http://www.aion.be – February 10
[…] What is the best savings strategy? The number of savings strategies are endless, so I will limit myself here to 5 tips for you t […]
1
What Is A 457(b) Plan? –
http://www.forbes.com – February 9
[…] in investment options and withdrawal timing, consider complementing your 457(b) retirement savings strategy with an IRA or 403(b), if available […]
3
529 Plans: Should You Use Them For K-12 Education? –
http://www.forbes.com – February 9
[…] It can be a great short-term savings strategy if your child is going to private school anyway […]
2
How Will Negative Interest Rates Impact Savers?
[…] So, before committing to this savings strategy, adults would be wise to assess their risk appetite […] This savings strategy entails purchasing bonds for £1 each; the minimum amount one can buy at once is £25, whilst th […]
2
Save more | Lincoln Financial Group
http://www.lfg.com – February 9
[…] No matter where you are in your retirement journey, now is the perfect time to take charge of your savings strategy and make sure you’re on track for the retirement you envision […]
38
What is a Digital Nomad?
[…] Think Minimalist – Cut Down on Expenses and Stuff As part of your savings strategy and to prepare for a nomadic lifestyle, you’ll want to make a plan to cut down on your stuff […]
0
Sunergy Bankruptcy Highlights Risk During Solar Construction Boom
http://www.levelset.com – February 8
[…] and many people making home improvements or shopping for a new home see solar panels as a long-term savings strategy […]
1
Trying to Supersize Your Retirement Savings? A Mega Backdoor Roth IRA Conversation Could Come in Handy
thinkfinance.io – February 8
[…] is a mega backdoor Roth IRA? Below we’re breaking down what you need to know about this retirement savings strategy […]
1
How to crush your retirement savings just like Rob Gronkowski
[…] the nickname “Gronk,” is a star football player who was blessed with million-dollar contracts, his savings strategy is so simple that anyone can mimic it to achieve their retirement goals […]
79
Trying to Supersize Your Retirement Savings? A Mega Backdoor Roth IRA Conversation Could Come in Handy —
wattsadvisor.com – February 6
[…] is a mega backdoor Roth IRA? Below we’re breaking down what you need to know about this retirement savings strategy […]
1
5 Tips to Save More Money this Year | Central Bank
[…] As you create your savings strategy, keep these five tips in mind to meet and exceed your super saver goals!
5
Gold, Silver—Or Both for an IRA?
[…] retirement savers who’ve decided to buy metals must defer to their own personal objectives and savings strategy to determine if, for them, it makes sense to own gold and silver…or gold or silver […]
1
Aion
http://www.aion.be – February 6
[…] What is the best savings strategy? The number of savings strategies are endless, so I will limit myself here to 5 tips for you t […]
0
Super Bowl Winners: This NFL Pro Has Some Advice
time.com – February 6
[…] ” It takes some trial and error to figure out your optimal long-term savings strategy […]
19
Home Economics: Your RRSP contribution may not be a no-brainer this year – BNN Bloomberg
[…] Canadians also should make sure to account for this in their future savings strategy, he added […]
N/A
Trying to Supersize Your Retirement Savings? A Mega Backdoor Roth IRA Conversation Could Come in Handy —
wealthcareadvisorsllc.com – February 5
[…] is a mega backdoor Roth IRA? Below we’re breaking down what you need to know about this retirement savings strategy […]
1
Want to retire early? Open a high-yield savings account
[…] Yet the Federal Reserve reported that only 36% of non-retiree participants believe their retirement savings strategy is on track […]
13
Wealthfront Adds Additional Automation to Make Money Movement
globalfintechseries.com – February 5
Clients can now offload even more of their savings strategy and have Wealthfront do the work of moving money between accounts […]
1
How to Crush Your Retirement Savings Just Like Rob Gronkowski
http://www.fool.com – February 4
[…] the nickname “Gronk,” is a star football player who was blessed with million-dollar contracts, his savings strategy is so simple that anyone can mimic it to achieve their retirement goals […]
11
Why Retirement Planning is a Marathon, not a Sprint
http://www.ebnet.co.za – February 4
[…] You need to have a timeline in mind as this lets you break down your savings strategy into components […]

11 Ways To Save Fuel & Money In 2021

Following hefty fuel price increases this month – petrol by between 40c and 43c per litre, and diesel by between 54c and 55c a litre – cash-strapped and Covid-battered South African motorists have to find innovative ways to save fuel and money.

According to Bianca de Beer from Dialdirect Insurance: “An average increase of 48c per litre is steep on its own, but when coupled with the fact that a 60-litre tank already cost more than R800 to fill, this places a significant strain on motorists’ wallets.

 The good news is that with a few minor adjustments to your driving habits and with regular car maintenance, you can boost the fuel efficiency of your car by as much as 40%. If you fill up 48 times a year at roughly R900 per tank, a 40% reduction in fuel consumption could save you more than R17,000 a year.”

Dialdirect provides the following tips for better fuel economy:

1: Don’t skimp on servicing

A car can burn up to 30% more fuel if proper maintenance is not performed on a regular schedule.  With this in mind, make sure your car is serviced regularly. Things like worn spark plugs, worn rings, faulty injectors, sticky brakes, low coolant levels, dirty oil and dirty filters all add up to engine inefficiency which leads to increased fuel consumption.

2: Be wheel wise

Check your car’s wheel alignment. Bad wheel alignment causes more friction which takes more power to overcome and results in higher fuel consumption.

3: Keep tabs on tyre pressure: 

Check for underinflated tyres as these also increase resistance.

4: Use your AC sparingly

Use the air-conditioning only when necessary as it places additional load on the engine.

5: Remove unnecessary weight

Reduce the vehicle’s weight by removing unnecessary items and, if you mostly do city driving, consider driving with only half a tank of fuel.Five top motoring innovations of 2020From solar-powered cars to “see-through” bonnets, these clever ideas turned science fiction into realityGood Life1 week ago

6: Slow and steady wins the fuel economy race

Don’t speed. The gas-guzzling effects of “stepping on it” are well-known.

7: Avoid stop-start driving

Maintain momentum as far as possible by looking and planning ahead, flowing with traffic and timing your approaches to hills, traffic lights and crossings better.

8: Gear yourself for efficiency 

Drive at the lowest speed in the highest gear that the road and traffic conditions allow without laboring the engine.

9: Be tech-savvy

Many vehicles have economy settings to optimize performance, throttle response, ride height and so on for maximum fuel efficiency. Use them to your advantage.

10: Plan ahead

Do several tasks on one round trip as opposed to many shorter ones. This not only limits mileage and the amount of time it takes to get your chores done, but also keeps your vehicle’s engine running at optimal temperature.

11: Wait out the rush

Battling through traffic not only increases fuel consumption, but also wear and tear on your vehicle’s transmission and brakes.

De Beer said: “Saving on fuel by keeping your vehicle in shape and changing the way you drive may seem like a bit of a hassle, but if you increase your fuel economy by 40%, a tank that normally gets you 700km could get you close to 1,000 km. This translates to almost a tankful of savings for every two times you fill up.”

By : Motoring Staff

.

More Contents:

We were wrong about when second wave would hit: Prof Salim Abdool Karim

sowetanlive.co.zaICA unsurprised insurer will only pay three months for business interruption claims

sowetanlive.co.zaKaizer Chiefs coach Hunt: ‘We know we are in a fight now’

sowetanlive.co.zaMBUYISELO BOTHA | Bongani Khumalo was a man ahead of his time on GBV

sowetanlive.co.zaMALAIKA MAHLATSI | Traversing the murky waters of consumer data mining

sowetanlive.co.zaOvercoming the ‘yuck factor’: Yellow grub becomes EU’s first insect food

sowetanlive.co.za‘Players will ignore talks of TTM’s potential sale’

sowetanlive.co.zaMandla N shares touching tribute to veteran actress Lindiwe Ndlovu

.

Proactive Thinker

▶️ Invest With Me: https://www.patreon.com/proactivethinker ▶️ Get 4 FREE Stocks on WeBull (Deposit $100 and get 2 stocks valued up to $1600): https://act.webull.com/k/oMykVRLIfkHE… ▶️ Get 14 Days Free Trial Of Skillshare Premium: https://skillshare.eqcm.net/proactive… ▶️ Get 1 Free Audiobook: https://amzn.to/2uLLFjz ▶️ My premium Course – Unshakable Confidence: https://goo.gl/qyJFXg ▶️ My second channel: https://bit.ly/2zTTMNU ▶️ Merch: https://www.youtube.com/channel/UC5YK… ▶️ Follow us on Instagram: https://goo.gl/vzBDdg ▶️ My editing software: https://www.adobe.com/?red=a#investing#Stockmarket#money

Decentralized Finance Is on The Rise What You Need To Know in 2021

Few had heard much about decentralized finance (DeFi) in its early days in late 2017 and late 2019, beyond murmurs about Bitcoin and a mysterious new digital technology called blockchain

But a pandemic can change everything. 

Since May of this year, the total value locked (TVL)—the amount of any currency locked into tokens, the vehicle of holding and moving assets on blockchain, in smart contracts on a blockchain ecosystem—in decentralized finance projects rose a whopping 2,000 percent, according to DeFi Pulse. Many investors would be hard-pressed to find such an astronomical rise of any assets or expansion of any financial ecosystem, but DeFi app developers seemed to find success. So what’s the rage, and why does it matter going into the new year? 

What is DeFi?

DeFi, many fintech leaders argue, is the world’s answer to the 2008 financial crisis. Thanks to poor decision making and a lack of proper financial regulation, legacy financial institutions brought the world’s economy to its knees in the most major financial crisis since the Great Depression. The knee-jerk reaction was to create an ecosystem dependent on every link in the chain, rather than centralized authorities—hence the term “decentralized finance.”

The concept of blockchain, a decentralized ledger, was designed to ensure financial transactions would be transparent. Moreover, transaction approval would come from network individuals incentivized to approve them by solving complex mathematical equations or by network consensus voting. 

Later, the idea of operating a decentralized financial system on a decentralized ledger, independent of legacy institutions, grew into a thriving, albeit relatively small, ecosystem. Now, users can find financial services on the distributed ledger for loans, insurance, margin trading, exchanges, and yield farming (yielding rewards from staking digital assets on a network to help facilitate network liquidity).

But there is still a way to go. Not enough consumers are comfortable with DeFi quite yet, because platform accessibility and blockchain tribalism remain a problem. Nevertheless, now the world is experiencing another economic crisis brought on by the COVID-19 pandemic, and DeFi is finally getting its day in the sun.

Related: Getting Drawn Into DeFi? Here Are Three Major Considerations

E-wallets are leveling up

For companies and individuals already active in the space, navigating the ecosystem remains impeded by technical limitations. In order to access certain markets and execute transactions on the blockchain—whether it’s borrowing or lending, staking assets in liquidity pools, or trading on an exchange—users need to own an e-wallet that’s properly connected to the ecosystem. 

E-wallets are the backbone of transactions on blockchain. Just as the digital assets they help transact and store, these wallets are secure, transparent, and easily accessible to users. At least, that’s the idea behind them, though there are various degrees of security and transparency. For DeFi to attract more users, the wallets must be compatible with multiple blockchains running financial dApps (decentralized apps that operate on a blockchain system). One of the first wallets, created by Ethereum and called “MyEtherWallet” (MEW), lacked a user-friendly interface and was challenging to grasp for people outside the hardcore crypto crowd.

Since then, a number of blockchain developers have created alternative e-wallet solutions. Most recently, Spielworks, a blockchain gaming startup, reached an agreement with Equilibrium and DeFiBox to integrate its e-wallet “Wombat,” which is currently available on the Telos and EOS blockchain mainnet (a blockchain network that is fully developed, deployed, and operational).

The Wombat wallet provides users with access to several DeFi platforms that offer token exchanges, yield farming, borrowing, and lending. Wombat recently also integrated with Bitfinex’s new EOS exchange, Eosfinex, as well as 8 other DeFi networks. Rather impressively, the wallet also offers free and fast account creation, automatic key backup, and free blockchain resources. 

Related: Cryptocurrency Innovators Need to Simplify User Experience

Developments in blockchain wallets, such as Wombat’s, will be pivotal in the next few years in the growth of DeFi applications and the movement of users toward decentralized finance and away from traditional finance. While wallets are important, so are the underlying mechanisms to piece the entire ecosystem together, because one a DeFi ecosystem is not enough if confined to just one blockchain mainnet.

Piecing it all together

“A house divided against itself cannot stand.” President Lincoln’s famous quote referred to the Civil War that ravaged the United States at the time, but his historically renowned words can apply very well to the blockchain community today. 

For DeFi to reach its maximum potential, as a decentralized ecosystem that doesn’t answer to a central authority, blockchain platforms must stand united and interoperate. Could anyone imagine if payment transfers between regular banks were not possible? How could an economy function? This is the sort of technical problem plaguing the DeFi world: Each blockchain platform has its own benefits, but each remains largely separated from the others in its own silo. The root of the problem is attitude, the other part is technical limitations.

Related: 15 Crazy and Surprising Ways People Are Using Blockchain

Ethereum and EOS are primary examples of this sort of rivalry, both of which have their own technical benefits for dApp developers. If the two ecosystems could be connected to one another, EOS-based and Ethereum-based developers alike, for example, could benefit from each other’s platform’s strengths. Users could also benefit, via financial opportunities without having to sacrifice shifting their base from one blockchain to another.

This is precisely what LiquidApps’s latest development—its DAPP Network bridging—has solved. LiquidApps’s technology provides the technical mechanisms to connect separate blockchain mainnets and recently provided its tools to EOS-based developers to successfully deploy a bridge between EOS and Ethereum.

This was shortly followed by decentralized social media app Yup’s deployment that demonstrated the possibility of moving tokens easily between different once-separate blockchain mainnets. It still remains to be seen how long it will take before blockchain platforms themselves integrate built-in cross-chain technologies, but LiquidApps is starting the next crucial step to DeFi development.

Whether it’s cross-chain technology or the e-wallets that grant access to dApps, tech developments and attitudes in the DeFi space over the next few years will determine its success. The latest developments suggest the future of DeFi looks promising. Time to go decentralized.

By: Ariel Shapira Entrepreneur Leadership Network Contributor

.

.

Paris Fintech Forum

by O. Bussmann, CEO, Bussmann Advisory (CH) Speakers *M. Froehler, CEO, Morpher (AT) *H. Gebbing, Managing Director, Finoa (DE) *U. Shtybel, Vice president, HighCastle (UK) *N. Filali, Head of Blockchain Program, Caisse des Dépôts (FR) more on http://www.parisfintechforum.com/videos2020

99Bitcoins

Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X DeFi applications – https://defipulse.com/defi-list/ DeFi is becoming more and more popular as the main use case for cryptocurrencies. This video explains in detail what DeFi is and what you should know about before getting involved. 0:38 Bitcoin and Our Financial System 1:24 Our Centralized Financial System 1:59 What is DeFi? 2:22 DeFi Components 4:16 – DAI explained 5:51 – DEXs explained 6:33 – Decentralized money markets 8:06 Money Legos 8:56 DeFi Advantages and Risks 10:02 Conclusion For the complete text guide visit: https://bit.ly/2R35g6Z Join our 7-day Bitcoin crash course absolutely free: http://bit.ly/2pB4X5B Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel: http://bit.ly/2BVbxeF Get the latest news and prices on your phone: iOS – https://apple.co/2yf02LJ Android – http://bit.ly/2NrMVw2

%d bloggers like this: