5 Financial Planning Tips For Young Investors

 

 

 

Being a young adult can be exciting – enjoying the early stages of a career, having your own place, making new friends – but it can also be confusing and stressful. One of the reasons is money, and learning how to manage it.

In a financial literacy survey of more than 5,500 young adults, the National Endowment for Financial Education and George Washington University found that only 8 percent of those ages 23 to 35 showed a high level of financial knowledge.

“For those just starting their careers or beginning to save for their retirement, the financial planning world can be quite daunting,” says Richard Paul, president of Richard Paul & Associates, LLC  (www.rwpaul.com), a financial advisory firm in Michigan, and author of The Baby Boomers’ Retirement Survival Guide.

“One flaw of our education system is the lack of preparedness it provides for younger investors just starting off. When it comes to stocks, bonds, 401(k)s, and debt, the task of planning is overwhelming to most.”

Paul offers young adults five tips for fundamental financial planning:

  • Automate your contributions. The easiest way to invest is to automatically direct a portion of each paycheck into your investment accounts. “You’ll quickly get used to having less money to spend each month, and your savings will grow automatically,” Paul says. “And if your employer offers a match into your retirement account, be sure to take advantage of that. That’s free money.”
  • Take control of your health. You might think your health doesn’t fit into a discussion of financial planning, but being proactive when it comes to health – whether it’s getting your annual physical or daily exercise – will pay dividends in the future. “A retiree today is expected to spend $275,000 over their retirement on health care,” Paul says. “By investing in your health when you’re young, you can reduce your potential for future health care costs.”
  • Get out of debt. “Paying down your debt reduces the amount of interest expense you pay each year,” Paul says. “And often, people are paying more in interest than they are likely to earn by investing.” Studies show the average American under the age of 35 has between $23,000 and $30,000 of debt in the form of credit cards, student loans, auto loans and other forms of personal debt. According to a NerdWallet 2017 study, the average U.S. household that’s carrying credit card debt has a balance of $15,654.
  • Build and protect your credit. Your credit score is an indicator of your financial health. “The list of people who have an interest in your credit score seems to keep growing every year,” Paul says. “Damaged credit can be costly over time. Pay all bills on time by setting up payment reminders or enrolling in auto pay. Pay down balances on credit cards; high balances relative to total available credit affect your credit score.”
  • Buy into panic, not excitement. If the stock market sells off by 5 to 10 percent over any given month or week, Paul recommends you take your excess cash and buy the dip. “Only use excess cash, not any cash that is needed to pay bills,” he says. On the flip side, when the market is going up significantly Paul advises: “Wait for a correction if you’re sitting on the sidelines.”

“Young people need to know how to plan financially,” Paul says. “There’s a tendency to put it off, but that’s risky. There’s too much to lose. You’re not young forever and without a plan, you’re unprotected for your future.”

 

About Richard W. Paul

Richard W. Paul is the president of Richard Paul & Associates, LLC (www.rwpaul.com) and the author of The Baby Boomers’ Retirement Survival Guide: How to Navigate Through the Turbulent Times Ahead. He is a Certified Financial PlannerTM professional, Registered Financial Consultant, Investment Adviser Representative and an insurance professional holding life and health insurance licenses in Michigan and Florida.

If you would like to run the article above, please feel free to do so. If you’re interested in interviewing Richard Paul or having him provide comments, let me know and I’ll gladly work out the details.

 

Have a great day!

Miguel

 R Contact: Miguel Casellas-Gil: 727-443-7115 ext 214
MiguelCG@news-experts.com

Miguel A. Casellas-Gil

Print Campaign Manager
News and Experts
3748 Turman Loop #101
Wesley Chapel, FL 33544
Tel: 727-443-7115, Extension 214
www.newsandexperts.com

Professor and student

Checkout Unique Finance and get a bonus from me.

IS BITCOIN THE NEW EVERYDAY MONEY

Bitcoin has created a whole industry and a new way of doing business that one could doubt even its maker never thought possible. From its days of obscurity to its fame and notoriety, Bitcoin today is among the most hotly sought commodities in the world. But is it the alternative every day currency that Satoshi Nakamoto hoped it will be? Let’s find out…

The Economics

Bitcoin in its present form faces serious challenges as it has retracted from being the cheap means of transaction to one that has become completely uneconomical for everyday transactions when it comes to micropayments. Bitcoin miners are allowed to set their own fees for verifying transactions and as such transactions with small fees attached to them often go for days without being verified as the miners don’t find them lucrative. It is estimated that it costs up to $24 to send about $10 in Bitcoin which is just not a feasible number for businesses and customers who wish to pay in Bitcoin

Speed or Lack Of In Transaction

A perfect everyday transaction money is one that moves fluidly and very swiftly from the paying party to the recipient in the least possible time. What makes credit card payments popular is the little time it takes to process them, and this is something Bitcoin in its present state cannot just compete with. Bitcoin is only able to process a maximum of 4 transactions per second which is just not enough for a currency that could potential have millions of people trying to conduct their transactions all at the same time.

Usability

One of the other indices for the use of Bitcoin as an every currency is the safety that comes with its payment. Bitcoin transactions are completely irreversible once initiated and as such it stands at a disadvantage when compared to Ethereum and other cryptocurrencies that allow for the use of Smart Contracts which protect both buyer and seller.

Value

When it comes to actual value Bitcoin stands heads and shoulders above any other blockchain product as it is several times the value of its closest rival on the market. The hike in Bitcoin’s value has seen the increase in the reluctance of its holders to spend it on their day to day transactions, preferring to hoard it, which is why a lot of people tag it as the digital equivalent of bullion gold.

Conclusion

With a very cumbersome transaction process and high fees, Bitcoin stands at a great disadvantage to fiat as well as other cryptocurrencies that offer more efficient service, but its high value makes it the best option for storing value as far as cryptocurrencies are concerned. Therefore if you are looking for a currency to pay for your pizza and ice cream Bitcoin might not be your best choice.

Checkout Unique Finance and get a bonus from me.

LendIt Fintech USA 2018 San Francisco March 9-11

LendIt Fintech is the World’s Leading Event in Financial Services Innovation. LendIt Fintech hosts three conferences per year in the USA, Europe, and China. These events bring together every major fintech, blockchain, lending and digital banking companies from around the world. Professionals in the financials services industry come to learn, network and do business.

 

Online Lending, Event Management, Financial Technology, Networking, Peer to Peer Lending, Market Place Lending, Blockchain, Digital Banking, Banking, Fintech, and Financial Services

Meet Chris larson and The Lendit Team

A serial entrepreneur, Larsen, 57, cofounded the online mortgage lender e-Loan, in 1997, and, eight years later, Prosper, the peer-to-peer lender that has been valued at more than $1 billion. He seems to have hit it bigger here, even if XRP is nothing more than a speculation vehicle — and one that’s down 65% since the beginning of the year. While Larsen stepped down from the company more than a year ago, he still serves as executive chairman and tells Forbes he’s “100% focused on Ripple and helping the team any way I can.” Given these kind of numbers, he’d be crazy not to.

LendIt has always been about community. It all began back in 2012 when Jason Jones was speaking at a conference in New York that was organized by Dara Albright. He proposed creating a new event focused on marketplace lending (then called peer to peer lending), a place where the new community could come together. He had been interested in marketplace lending for some time and, along with his partner Bo Brustkern, was in the process of launching one of the first funds in the space.

At that same time Peter Renton, the founder of Lend Academy, had decided that he wanted to start a marketplace lending conference in 2013. The members of the Lend Academy community had been reaching out to Peter on the need for an industry event that would bring the community together in person.

So, it was serendipitous when Jason and Dara connected with Peter and together they decided to launch the world’s first marketplace lending conference. They had modest expectations, they just wanted to put on an event where the entire community could come together to network and learn. The first conference in New York ended up being sold out and was a big success.

Today, Jason, Bo and Peter run the LendIt conferences and Dara has moved on to launch a new venture. LendIt has grown into the largest lending and fintech conference in each of the regions they operate: USA, China and Europe.

Our conferences bring together the fintech firms, investors, and service providers

Lending

Lending has been the bread and butter of LendIt events from inception. As online lending has grown up, so too has LendIt. In the early days there were just a handful of early companies who were thinking very differently about how lending should be done. There is now a healthy ecosystem that has been built around the lending industry. At LendIt Fintech USA 2018 we’ll cover all verticals of lending. Many people are familiar with LendingClub CEO Scott Sanborn who will kick off the event. While we will cover every aspect of lending, here are a few other notable speakers:

  • Jay Farner, CEO, Quicken Loans
  • Max Levchin, Co-Founder & CEO, Affirm
  • Anthony Noto, CEO, SoFi
  • Renaud Laplanche, CEO, Upgrade

Digital Banking

Every bank needs to have a digital strategy these days. Consumers have more options than ever and companies need to check all of boxes no matter what size bank they are. We’ll hear a wide range of perspectives from startups to established banks looking to serve a younger customer base. This track will also cover mobile technology, banking infrastructure, data science, partnerships, wealth management and how banks can compete in the ever changing marketplace. Below are just a few names that we’ll hear from on digital banking:

  • Yolande Piazza, CEO, Citi FinTech
  • Suresh Ramamurthi, Chairman & CTO, CBW Bank
  • Luvleen Sidhu President, Co-Founder & Chief Strategy Officer, BankMobile
  • Jeremy K. Balkin, Head of Innovation, HSBC Bank USA
  • Nicolas Kopp, U.S. CEO, N26 Inc.

Blockchain for Financial Services

For 2018 we looked at one of the biggest new trends in financial services, blockchain and decided to create an event within our event. We are debuting our new blockchain event Blockfin by LendIt. Blockfin is co-located within the LendIt Fintech event meaning attendees have access to both events. We teamed up and are co-hosting the event with CryptoOracle. BlockFin brings together the top innovators and experts from the entire blockchain ecosystem including technology platforms, crypto companies, investors and banks for 2 1/2 action-packed days of learning, networking and business development. The event will include: 1:1 investor meetings, a demo stage for crypto funds & ICOs and 40+ hours of cutting edge blockchain and cryptocurrency content. Some names we are excited to hear from include:

  • Tim Draper Founder & Managing Director DFJ
  • Richard Craib, CEO, Numerai
  • Tom Ding, Co-founder & CEO, String Labs/Dfinity
  • Vincent Wang, Chief Innovation Officer, China Wanxiang Group
  • Kathleen Breitman, Co-Founder, Tezos
  • Catherine Wood, CEO/CIO, ARK INVEST

Specialties  In Financial Technology

This is just a taste of what you can expect out of LendIt Fintech USA 2018. You can learn more by visiting our speakers page or looking at sessions confirmed on our agenda. If you plan to attend the event, be sure to act soon as the price increases by $400 on Friday night. As a Lend Academy reader you can use our special discount code “LENDACADEMYVIP” for an additional discount.

                                       We hope to see you in San Francisco in April

Checkout Unique Finance and get a bonus from me.

The Pros & Cons Of Cryptocurrency

There has been a steady growth of interest when it comes to cryptocurrency. As it becomes more integrated into different levels of our lives, it’s no surprise that increased awareness is driving the growing financial revolution. While there are both positives and negatives to the digital currency, the truth is that there are enough big businesses and corporations looking at ways to integrate the technology and make the most of its advantages, so the notion of digital currency is not going away anytime soon.  With fluctuations in value creating an ever-changing market for bitcoins and other, less popular, examples of cryptocurrency, you may be looking at the best ways that you can take advantage of the growing market and influence of this digital powerhouse. If you’ve been looking for good investment opportunities and therefore considering investing in a cryptocurrency, or if you are simply curious how you can use it to manage your finances more securely, then you need to be aware not only of the potential benefits, but also of the negatives as well. This will give you the options with a clear view of what to expect, and will improve your chances of having a positive interaction with cryptocurrency yourself.

Con – It can be difficult to comprehend

Perhaps the most challenging obstacle in terms of large-scale adoption of the various cryptocurrency options, is that it can be a difficult subject to comprehend. The very idea of a decentralized financial system that is stored via blockchain can be challenging, especially if you’re not tech-savvy. Due to the fact that it seems occasionally incomprehensible, people are proving to be very wary taking advantage of the benefits that it can offer, and that appears to be the last hurdle that digital currency advocates will need to tackle if they want to see wider use.

Con – Challenges of market fluctuations

There are a variety ways that you can use cryptocurrencies, but the majority of people using them at the moment are simply using them as an investment. While the more eager users are using their digital currency to buy tickets to sporting events, gamble online, or even buy a house with bitcoin, most are simply waiting for the dramatic market fluctuations to work in their favor. Treating your bitcoins as you would any other commodity may be the way to initiate a more widespread understanding and trust in the new currencies.

Con – No security in case of loss

As with every emerging technology, there are those that use naivety and inexperience to scam, cheat and steal your hard-earned money. This has certainly proven to be the case with digital currencies, so it’s important to be aware of the safety risks. Treating your bitcoins as real money will get you in the right frame of mind, as you simply have to follow standard security protocol as you would with hard currency. For those using cryptocurrency to buy, sell or gamble online, simply be as careful as you would with any investment. For online casinos, look out for the old tricks updated to the digital age, and don’t trust companies that offer unrealistic bonuses, odds, and offers. With a little basic security, you can minimize your chances of making a loss that can never be returned.

Pro – Unparalleled Transparency

This is one of the major reasons why digital currency offers much more potential for societal change and accountability. While the use of cryptocurrency is anonymous, the transactions themselves are all stored on an open ledger (the blockchain). This means that the data is available to view by anyone at any time, and that’s a major boon for those wishing for a more transparent banking system. It is because of this transparency that bitcoin is considered one of the hottest topics in world currency.

Pro – Instant and 24-hour accessibility

It is possible to spend or buy wherever you are, and you don’t even need a computer to use it. Everything can be managed on your mobile device, meaning that even for those with little in the way of technology, they are still able to access their finances and make decisions in real time. This accessibility is a key feature for the adoption of bitcoin, and is being used across the world to provide opportunities for those who would previously have struggled to become online consumers.

Pro (and con) – Absolute anonymity

Having an unregulated currency that is not bound by customs adjustments and fluctuating political changes is a positive and a negative. Cryptocurrency is completely anonymous, which is great for those that value their online privacy and are wary of handing over too much of their digital data. While the additional layer of security that anonymity provides is an excellent benefit, it has also led to the inevitable adoption of the technology by the criminal fraternity. The black market and the dark web are big users of cryptocurrency, and criminals obviously value their anonymity as much as they value the ability to send vast sums of money anywhere in the world with a few taps of their phone. For more law-abiding citizens, the benefits of anonymity are many, but perhaps the most enticing is the fact that there is no chance of identity theft, and that’s of major interest to anyone looking for more secure ways to remain online safely.

Every budding technology will have a degree of uncertainty about the future, and cryptocurrency is no different. While the popularity is growing, and businesses race to keep up with growing demand for its use, it may be too early to know just how big of an impact cryptocurrency will have. As a potential financial revolution, it’s worth keeping an eye on, and maybe investing in now before interest spreads worldwide.

 

Checkout Unique Finance and get a bonus from me.

Can A Person Use a Trust to Keep Mineral Rights out of Probate

A living trust is an ingenious way to keep your real property out of probate and transfer it cleanly to your beneficiaries. However, this method only works if the trust is “funded” by the transfer of your estate’s property into the trust. Failure to fund a trust will cause it to fail, and your property will end up having to go through probate. If the trust is funded, though, you’ll be fine. But what about less conventional forms of property, such as oil, gas, and mineral rights? These interests in real estate can be placed in a trust, too, but the exact process that must be followed depends on the nature of your rights. A lawyer, like Adam Leitman Bailey, can help you make sure that you set up and fund your trust properly, but the topics below can give you a good basic understanding.

What Kind of Mineral Rights do You Own?

The first thing you need to figure out is the nature of the mineral rights that you own. For example, do you own the rights in the actual real estate – do you own the land the oil, gas, or minerals come from? Alternatively, do you own a right to royalties based on the proceeds of any minerals collected? The type of mineral rights you own will determine if and how you can place them in a trust.

How do You Transfer Mineral Rights to Your Trust?

If you actually own the real estate holding the valuable resource, then the process is actually fairly easy. All you have to do is have your lawyer draft a new deed by which ownership in the land is transferred from you to your trust. Your lawyer will also need to make sure that the new deed is recorded with the county clerk after it’s executed.

If, on the other hand, you own a right to resource deposits separate from the land itself, or if you own a right to royalties from the proceeds of the resources’ sale, then you have to assign these rights to your trust. This process may require contacting the company that issues your royalty payments to ask about their process and rules for assigning rights.

Conclusion

You shouldn’t try to figure any of this out on your own. If you make a mistake, it could cause your trust to fail and your property to be subjected to probate. This will end up defeating your wishes and costing your beneficiaries. Therefore, it is crucial that you contact an experienced estate-planning lawyer to help you determine the type of mineral rights that you own, and what specific processes are required to transfer those rights to your trust so that it is properly funded and functions to transfer your property to your loved ones as intended. If, for whatever reason a trust isn’t the right estate planning method for you, then an experienced estate-planning lawyer will be able to determine this, too, and stop you from making a costly mistake.

 

Checkout Unique Finance and get a bonus from me.

Tech Stocks are Down – Wall Street

 

Tech Stocks

Tech Stocks After a very strong 2017 for tech stocks they are now in a downturn. President Trump has attacked Amazon’s business practices. Facebook has declined amid backlash from revealing a misuse of user data. Tesla is dealing with a self driving car that killed a person.   Tech stocks showed positive growth in 2017 Facebook gained 53%, Apple gained 46%, and Alphabet gained 33%. This year the stocks have slipped respectably 12%,1.4%,and 4.3%. The Nasdaq, which is comprised of many tech stocks, has followed suit. The Nasdaq has dropped 9.9%. This number is approaching a market correction for the index. 10% is defined as a correction.

Facebook

Facebook is under scrutiny from other CEOs in the tech industry. Apple’s CEO, Tim Cook, spoke out against Mark Zuckerberg. Mr. Zuckerberg is the CEO and founder of Facebook. Time Cook is angry with the way Facebook has mishandled user data. Cook’s comments and the stories of Facebook mishandling user data has led to a lack of investor confidence in the company. It has fallen sharply since March.   The company fell another 3.07% as of 2:49pm Monday.

Amazon

Amazon has followed Apple and Aplhabet with gains in 2017, and a loss in 2018. Amazon is down after gaining 56% in 2017. President Trump has lashed out Amazon’s business practice. President Trump has stated that each package Amazon delivers it costs the post office 1.50. Investors, worried about regulation and taxation, have sold of the stock in Amazon. Amazon is down 85.06 (5.88%) as of 3:08pm Monday.

Dow Jones

The Dow Jones is down 472( -2.68%) to 2,627.  The S&P 500 is down 62(-2.8%). The Nasdaq is down 2569.1(-2.68%)  and is nearing a correction level. The nasdaq is tech loaded with tech stocks, and is following with the companies listed. Tech stocks are in a slump because of the investor concerns surrounding the companies.

 

Checkout Unique Finance and get a bonus from me.

Crypto Accounts: Managing Your Digital Currency

If you’re yet to look seriously at the rising trend of cryptocurrency, then it can be difficult to comprehend the vast amount of technical terminology that surrounds the revolutionary new currency. With the vast number of benefits that users of cryptocurrency are making use of already, it can be all too easy to make a conscious effort to ignore the notion of digital currency and assume that it is nothing more than a passing fad. However, as large businesses and traditional banks race to keep up with the unregulated arena of digital currency, now is the time to look seriously at the best ways that you too can take advantage of the global possibilities of cryptocurrency. Learning the best ways to manage your digital finances is key to getting the most from the digital revolution.

Digital threats

 As cases of online crimes play an increasing part in the newspaper headlines around the world, we are all a little more security conscious when it comes to our online data. This extends to how we use, store and trade our digital currencies. Due to the fact that it is a financial service, hackers and scammers are particularly interested in ways that they can gain access to your store of digital money. Newcomers to digital currency are especially vulnerable to hackers, with phishing attacks and social media hacks being two of the most common ways for criminals to gain access to your finances. As much as the decentralized nature of cryptocurrency is a major draw of the technology, it can also act as a negativism due to the lack of protection. While crypto trading is one of the safest ways to send and receive money from anywhere in the world, you need to be aware of the security as well, and maintain a high level of awareness in the same way that you protect your traditional banking details.

Making the best use of your wallet

 The majority of people that are making the most of cryptocurrency use digital wallets in order to keep their finances safe. There are a huge number of options available, but the key with all of them is to keep your passwords secure and to make certain that your forward-facing access points are protected. Often this is simply a case of having your active wallet up to date with a smaller amount of money in order to minimize any risk of a damaging loss. As personal hard drives, home computers and smartphones slowly take the place of traditional bank vaults, it is more important than ever that those using cryptocurrency are protecting themselves from criminals in every way that they can. Basic steps such as two-step verification and making use of a password management service can all minimize the risks and leave you to take advantage of the many benefits of a decentralized digital currency.   Learning about the differences between a hot wallet and cold wallet, as well as keeping up to date on the latest scams used by criminals, are the best ways to make your digital finances safer and more secure. This will allow you to manage your cryptocurrency in the safest way possible, allowing you to take full advantage of the benefits, with far less likelihood of becoming an easy target for thieves.

Checkout Unique Finance and get a bonus from me.

Where to Invest Your Money in 2018

You finally have some money to spare and you’re looking for a way to invest it. Perhaps you got a pay rise at the start of the year that’s burning a hole in your pocket. Or maybe you still can’t decide where to stash that Christmas bonus. If you’re new to investing, you may be at a loss for where to start; after all, there are myriad ways you could invest your money, but not all of them are profitable.  If you want to make the most of your extra cash, you need to invest it right away. If you don’t, you risk those extra dollars getting consumed by bills or other everyday expenses. With this in mind, here are five of the smartest ways you could invest your money in 2018.

Real Estate

Attracted by the idea of investing in real estate but don’t want to be a landlord? Owning property comes with a lot of stress, and sometimes the bang just isn’t worth the buck. If you don’t have the time or inclination to deal with physical property, another option is to invest in real estate notes – this means you invest in another landlord’s property or properties, then you’re paid a dividend or interest from the owner’s profits.

Agriculture

Due to many environmental factors, there is a global reduction of farmland, resulting in a need to produce more food on less land more sustainably. Agriculture is emerging as a new investment opportunity that offers low-risk opportunities for stable returns and inflation protection. If you want to make an impact (both financially and environmentally), you can invest your money in sustainable farmland like Crawford Park Farming AG for farmland investment.

Peer-to-Peer Lending

Once upon a time, they had a bad rep, but peer-to-peer lending platforms have become increasingly popular among investors. With these companies, you’re able to lend money to individuals in increments as small as $25, with a return of 6% or more. These companies make it easy for you to sign up and get started, and you can typically open a new account with as little as $1,000.

The Stock Market

Want to invest but don’t trust the unstable financial markets? You’re not alone. Many people consider the stock market so overvalued right now that they’d be crazy to pour their hard-earned money into it, but you don’t have to invest a large amount to make a return. Instead, you can invest small amounts of money over time using a method called “dollar cost averaging.” Dollar cost averaging allows investors to trickle their money into stocks over any length of time, which is considered far less risky than investing large amounts at once.

Bitcoin

The value of Bitcoin appears to be on the rise again, so now is the perfect time to start purchasing cryptocurrency if you have money to invest. It’s worth bearing in mind that it can be easy to lose bitcoin and even tougher to get it back. It’s also easy to get duped by malicious websites posing as Bitcoin wallet services, so always proceed with caution. Use a trusted provider like Coinbase, Blockchain.info or Xapo, and only invest small amounts at a time.

April 1, 2018 at 11:08pm
Where to Invest Your Money in 2018 Facebook Twitter Google+ LinkedIn Print Friendly Healthcare Market Trends to Follow in 2017 With an ever growing focus on providing affordable healthcare, an increasing number of products and providers are looking at… https://t.co/30ADCkUzSB


Checkout Unique Finance and get a bonus from me.

Bitcoin Investment Worse Than Gambling Russian Minister Says

 

The Russian Opinion

Opinion is widely divided the world over on what to do with Bitcoin and its cohorts of cryptocurrencies. Just a few days when it was widely reported that the Russian government was intending some form of licensing and taxation on the cryptocurrency industry, the Russian Minister for the economy has come out with an attack on Bitcoin specifically.

The Minister in an interview expressed the view that Bitcoin investments is as unsafe they come, saying that its risks are greater than playing the roulette with your money at the casino.

Bitcoin The Extreme Volatility

Makshim Orekshin expressed the view that the extreme volatility of the cryptocoin makes it paramount that government must only allow its access to qualified investors who can read the risks involved. Mr. Orekshin at the World Youth and Students Festival in Sochi said that “Bitcoin as an asset is wildly unstable; one minute it goes tens of percents up then the next it goes tens of percents down. As an asset that is available to the layman it must not have such wild characteristics. Because you can earn big one minute and then lose everything you have the next minute”

“Those who are not familiar with the risks of such assets must not have access to it” He added further, “because in almost every instant the result will be disastrous for such people”

The Economic Minister’s comment hints that even within Russia, there is no consensus on what form of regulation the cryptocurrency industry should be placed under. Only a few days back, the Minister of Finance proposed a licensing exercise for bitcoin mines and exchanges, while the President Vladimir Putin has been reported in the past to be leaning towards creating a National Cryptocurrency controlled by the government which will be known as the CryptoRouble.

While governments continue to bicker with one another, Bitcoin and other cryptocurrencies continue their wild gains this year.      That’s a Fact Jack !

 

March 28, 2018 at 11:04pm
Bitcoin Investment Worse Than Gambling Russian Minister Says Facebook Twitter Google+ LinkedIn Print Friendly Taxi Insurance Special Needs Looking for the short answer? Yes! If you drive a taxi for a living, standard… https://t.co/pqW8AJ1y0D

March 28, 2018 at 9:32am
Six Amazing Financing Options for Start-up Businesses
Start up Businesses
Business depends upon the idea and vision of an individual or a group of people, and one cannot start it until and unless is confident about the idea. The biggest advantage of… https://t.co/H2TVTY7aOU


Checkout Unique Finance and get a bonus from me.

Six Amazing Financing Options for Start-up Businesses

Business depends upon the idea and vision of an individual or a group of people, and one cannot start it until and unless is confident about the idea. The biggest advantage of having your own business is that you have your own choices and you get to make your own independent decisions. But certain requirements of the business must be fulfilled. You should make sure that you have the abilities to start up a new business and along with that you are ready to give your time and strength to it as the establishment of a new business requires them all.

After this, the primary thing that comes in the way to start your own business is the lack of capital. One of the most basic things that every businessperson needs at some point either to continue, to establish or to start a new business is the loan. When any business entity has less capital, then it not only affect the progress rate of the entity but also decreases the employment rate which ultimately affects the lives of many people. There are many ways by which you can get loan and the biggest mean is the bank. It is also very important that you prepare a solid business plan. You should gather all the information regarding your business niches such as the information of the ownership and the management, the objective of the business, marketing plans and financial projections. You should also present your idea to the lenders. It will help them to develop confidence in your vision.

Along with that, a written business plan is always preferable as it contains all the information that the lender would need to check whether the firm is in a position to return the loan taken or not. It contains all the profit and loss statements, bank statements, business credit reports, personal credit reports, tax return documentation and copies of all the relevant legal documents. Do you want to start a business of your own? Are you passionate about business and related stuff?! Well, the two basic things that you need in order to start a new business are capital and your devotion, of course. So here I have six amazing financing options for startup businesses. Have a look at them:

f you want to start a business a

If you want maximum profit out of your business, then you will have to finance it personally. How do you expect any banks or lenders to take a risk in you when you are not willing to take a risk in yourself? There are numerous ways to finance your business personally. You can save up from your personal income, or you can also liquidate some assets to get the startup money. You can gain the finances for your business is through your property.

It can create a big role for the investment towards your business. You can pledge your property to gain enough amount of money for starting your business as personal assets play an important role in helping the lender decide to lend you the amount. They act as a guarantee to the lender that in case you fail to pay back the amount on given time then the amount can be recovered from the assets. But do all the necessary calculations and make a solid and effective business plan so that you don’t end up wasting your hard earned money. And your business can be more profitable if self-financed due to the ever-increasing interest rates of banks and private lenders.

 

If you don’t have enough resources to finance your business personally then acquiring a loan is another option you can avail. Keep in mind that loans don’t get approved so easily. You will have to ensure the lenders that you are worth taking the risk. Here are some tips that you should keep in mind while applying for a loan.

  • Start the application process before you need the money
  • Create a detailed business plan
  • Show how the business will be profitable
  • Try to improve your personal and business credit score
  • Consult professionals to look over the loan agreement before you sign it

 

Partnerships are a great way to finance a startup personally without any involvement of banks. Gather some friends and family members that you can trust and form a partnership to finance the business. But involving business with relationships can sometimes cause problems and can lead to damaging the relationships with your loved ones. So to avoid this problem, you should form a legally binding contract that specifies the roles of all the people involved in the business.

 

  • Incubators and accelerators

Incubators and accelerators are companies that finance your business in return for some equity. They also provide you access to experienced professionals and business contacts to improve your odds of success. But like a loan you need to show these companies that you are worth the investment and your business plan will be profitable.

 

Crowdfunding is the process of raising money to fund what is typically a project or business venture through many donors using an online platform, such as Kickstarter, Indiegogo and Crowdfunder. Crowdfunding is typically done through an online platform that allows the fundraiser to set up a public campaign for accepting donations. The campaign will advertise details such as the nature of the project or venture, the amount of money the company is hoping to raise and the campaign’s fundraising deadline.

People can donate a specified amount through the fundraising campaign’s website and often receive some sort of acknowledgement or reward in return for their donation. These websites are a centralized way for startups to reach out to a large community. Many YouTube channels got their startup funding from crowdfunding websites.

 

If any of the previous options are not available, you always have family and friends to look back to. You can ask your friends and family members to loan you the startup, or you can ask them to invest in your business. It is the most common way through which you can take the loan for a start-up business. You can always convince them to lend you the loan. Where you will need to return the loan you take, you won’t have to pay any interest on them and you won’t be under any extreme pressure by your friends and family. Just make sure that you don’t let the money ruin your relationships.

 

Author Bio:
Emily Stark is a financial analyst and accounting expert. She has in-depth knowledge about setting up small businesses as well as creating profitable investments. She regularly contributes articles related to business and loans at https://www.ebroker.com.au/.

Checkout Unique Finance and get a bonus from me.