By financen | August 20, 2018 - 6:22 pm - Posted in Crypto Currencies, Crypto Trading, Cryptocurrency

Trading cryptocurrency is one of the more uncertain financial prospects in 2018. Bitcoin and its numerous alternatives are very difficult to project, and while you can take steps like learning where to look for news, following knowledgeable people, etc., the crypto market is to some extent inherently unknowable. One interesting development that’s come about in 2018 however, even if it doesn’t have a direct impact on cryptocurrency prices, is the move toward legal sports betting in the United States.

Following the latest news on gambling-related activity in the U.S., you can constantly see new stories about different states pushing legislation to legalize betting. While it’s still only allowed in a few states as of now, the Supreme Court paved the way for more to follow suit, and as many as 10 or 15 states could have legal sports betting in short time. Other states may take longer, but there will almost undoubtedly be a domino effect here, particularly if betting proves to be a steady stream of revenue for the states that do have it. Others will want to follow suit.

Rest assured, this budding industry won’t be limited just to sports either. If it’s anything like overseas betting, it will quickly grow to include speculation on various other events: reality television outcomes, award show winners, and perhaps politics most of all. There is actually already a popular platform that can be used in America and allows people to partake in a “stock market for politics,” effectively buying shares in different outcomes. And around the world, politics have become entertainment and political speculation is a popular betting activity. All of this will likely be roped into whatever form the U.S. betting business ultimately takes.

So what does this have to do with cryptocurrency? Once you get a feel for how big the industry could get, and how quickly we might reach that point, you can start to get a feel for its financial potential. And then, when you consider that cryptocurrency could well become an acceptable form of money for deposit and withdrawal at betting sites, you can come to recognize this as one of the bigger opportunities that remains for short-term, widespread crypto adoption.

As of now, bitcoin and other cryptocurrencies actually aren’t very big in the betting business. They have, however, started to catch on in the closely related casino business, where a lot of different game sites are now handling bitcoin and some of its contemporaries. The appeal is clear. When playing at sites like these, gamers prefer to give out as little personal information as possible, and like the idea that the real money they’re depositing and (hopefully) winning is being transferred in a secure manner. Since cryptocurrency is largely meant to assure anonymity and security, it’s a natural fit.

The idea remains speculative for the time being. But with sports betting heading for a meteoric rise in a soon-to-be massive U.S. market, and with crypto being such a clear fit for the activity, the potential is there for a perfect match.

By financen | August 13, 2018 - 5:02 pm - Posted in Debt, Mortgage

Today, one of the most believed misconceptions out there is that different debts like credit card debts, student loans, personal loans, etc. are canceled when debtor dies.

Thinking that your debts are off if the worst happens to you can prove to be devastating for your family because the financial situation you leave them in can have a critical impact on their lives.

This is due to the fact that creditors/lenders (the ones you owe money to) reserve the right to file a claim against your assets for any debt that you owe at the time of your death.

Someone who has zero assets (property or money) no dependents will be safe from the lenders as there will be nothing to take from. On the other hand, for someone who owns a property, it could possibly mean that their loved ones can lose the property to the creditors.

To make this more saddening for your family, any debts that are held jointly will mean that the other individual is now legally responsible to pay all of the outstanding debt. This consists of the largest debt that you will most likely ever counter in your life – your mortgage.

Let’s see if we can make this more clear for you with the help of an example: Mr. A earns $90,000 annually. His wife Mrs. A, who is a housewife has no earnings, and they have two young children.

The property was bought on a joint mortgage of $200,000 and it is worth $350,000. (Even if Mrs. A have no income of her own, she can still legally be party to a mortgage because her husband’s earnings cover it).

Unpredictably, Mr. A’s health goes down and he passes away. In this situation, Mrs. A has to deal with the dual misery of losing her life companion and now become the one who needs to pay off a mortgage that she no longer has the resources for.

So after losing her husband, Mrs. A now faces a situation where she runs the risk of being homeless because they are unable to cover the outstanding debt.

At this point, it must be recognized that debt is not something that can be passed onto your next of kin. The only way a person would be loaded with your debts on your death is if they jointly held the debt with you as stated in the above example.

This means that the debts stay. In reality, it can imply that your partner has a long waiting period before he/she can actually get control over your assets.

In case of your death, your legal advisor or attorney of your property will calculate the value of your assets, and if the total is more than $5000, then a process called probate must be adhered to.

The probate office will then specify the terms for how the assets will be distributed and it is vital for the executor to get a grant from the office before they can conduct the search bank or savings accounts.

Money can be withdrawn from the estate by the executor to fulfill the funeral costs. After which all the money must be used to clear any secured or unsecured debts before handing over the remaining money to the deceased’s next of kin or to the one who has been set out in the will.

For example, if you think that having $50,000 in your bank account will offer your family a chance to lead a good life after you, and all your debts plus the mortgage are $40,000, then all they will be getting is only $10,000.

Hope this post has assisted you to get closer to the reality of debt after death. So, make sure to abide by your financial plans for the betterment of your family.

By financen | August 12, 2018 - 7:26 am - Posted in Bitcoins, Forex, Forex Trading

When you invest, you commit capital to an investment vehicle. It could be anything—stocks, bonds, Bitcoins, or foreign currency. You are willing to risk investment capital you now have because you expect your money to generate more money. When you put your money to work for you, it can make far more money than you can earn from your labor.

When considering where to invest your money, you should definitely consider the benefits of trading in the foreign currency exchange, or forex. It could prove to be an even better investment than stocks because it’s a highly volatile market–which means that it’s easy to buy and sell quickly. Forex investments also allow you to use significant leverage.

How to Learn Forex Trading

It can be intimidating learning how to trade forex because it’s an international market with a vast number of currencies available to buy, sell, exchange, or speculate on. Perhaps one of the best ways to learn is to study, and a good place to start is to read Currency Exchange Rates, an article that will give you a big picture view of how forex works.

After you feel more comfortable with the terminology and have a basic understanding of how the market works then you should use an online simulator to practice paper trading. Since you’re not using real money, there is no financial risk. Paper trading will help you understand how prices move during real-time trades.

Finally, when you think you understand how it all works, you will have to take the plunge. Forex trading can be profitable if you follow the lead of successful forex traders. Since they know that they will be successful only half the time, they learn how to cut their losses quickly and let their profits run. As a result, forex trading proves profitable for them.

Understanding How The Foreign Exchange Market Works

The foreign exchange market is known by many names. You may hear it referred to as “forex,” as “FX,” or as “currency trading.” In essence, it is a decentralized worldwide market where all national currencies are traded. This is a huge market; in fact, the biggest financial market in the world. It is possible to do live trading around the clock on your computer because there is always some foreign exchange open somewhere in the world.

As an investor, you can make money by buying, selling, exchanging or speculating on currencies. You will be trading alongside other individual investors, as well as with forex brokers, investment management firms, hedge funds, commercial companies, central banks, and banks.

Investopedia explains the mechanism of how currencies are traded. For instance, if you’re interested in exchanging US dollars for, say, euros, then you will be trading with two currencies. Since currencies are traded in pairs you can understand the cost of one in comparison to the other. So when you see a pair like EUR/USD, you know that you are looking at a price difference between two currencies. You are reckoning how many US dollars you will need to purchase one euro.

Diversifying Your Investment Portfolio

Long-term investment success depends on building a diversified portfolio. By spreading your assets across different markets or different asset classes, you reduce the risk should one collapse. For instance, if your foreign exchange trades are doing well but your stocks are plummeting because of overall market conditions you will not experience financial distress. Your gains in one market will offset your losses in another.

Success in foreign exchange trading is similar to success in any other financial endeavor. It all depends on your work ethic and how much effort and persistence you put into it. Naturally, you will find it difficult in the beginning and you will make mistakes even after you have practiced with paper trading. But if you are willing to study and practice, work with a mentor or financial coach, and progressively learn from your mistakes, then you will eventually get good at forex trading.  When you do, you will find, like many other investors before you, that forex trading is not only fascinating but one of the most rewarding things you’ve ever done in your life.

Fans of the cryptocurrency Monero (XMR) know you need a safe and reliable place to store your crypto coins. Whilst many Monero wallets exist, not all are equal in merit, with some being more secure than others. Fortunately, the safe XMR Wallet online application is one of the most secure Monero wallets available today. Here are five noteworthy advantages you’ll get from using the safe and secure XMR Wallet application.

  1. One Hundred Per Cent Client-Side Application

Web security should be paramount when selecting a safe storage wallet for your Monero coins. XMR Wallet is designed with security at the top of mind. As a 100 per cent client-side application, XMR Wallet renders data in the browser — no data is stored on our local servers. Users of the application can access XMR Wallet from any mobile or desktop browser, giving users the flexibility to have access to their Monero coins wherever an internet connection is available.

  1. Instant Account Creation — No Registration Required

Setting up an account with XMR Wallet is easy and quick. In fact, it’s so quick that you can have your personalised wallet set up in a matter of seconds. Wallet setup requires no personally identifying details to get started. Users simply choose a unique seed — that is, a series of seemingly non-related words that identify your wallet as being yours — which will then be used to activate your XMR Wallet. To access the wallet again at a later date, simply re-enter the seed and your available account details, including your overall Monero balance, will display. From there you can send, receive and store your Monero coins per usual.

  1. Completely Free to Set Up and Utilise

XMR Wallet has no fee to set up or utilise. Our open source application has been developed by a team of volunteer engineers, and others are welcome to contribute freely by viewing the source code to make recommendations about future app developments. XMR Wallet remains in active development, ensuring that the end user continues to receive the best possible product for storing their Monero coins.

  1. Multiple Seed Access

If you need multiple wallets, XMR Wallet allows you to freely create as many as you desire. You can even access the wallets using multiple seeds in a new tab. If you already have a seed from another Monero wallet application like MyMonero, you can utilise them via the XMR application as well. Simply type your existing seed from the login screen and your wallet details will appear.

  1. Support in Over 10 Languages

No matter which language you prefer, XMR Wallet has you covered. We offer support in over 10 languages, including Spanish, French, English, Dutch, Russian and more. Simply choose your language preference from the bottom of the home screen and all application menus will be displayed according to your preference.

If you’re looking for a safe online wallet to store your Monero coins, look no further than XMR Wallet. Boasting great user features and unprecedented security, it’s no wonder so many Monero users are choosing this application. For more information or to get your own wallet, visit our website at https://www.xmrwallet.com.

By financen | August 8, 2018 - 4:34 pm - Posted in Forex, Forex Trading, Trading

There are many traders who do not follow their routine. If you do not have any routine to follow, you will not know when to place your trades and when to stop trading. The routine works as your daily chart that can guide you through your trading plan. As people focus on their strategy and the analysis, they do not give proper attention when they are developing their routine. As a result, the routine is often outdated and it does not suit the changing trends. This article will give you some tips that you can follow to keep your routine updated with the live trends. You are trading on live trends and any late will cost you money. The more comprehensive you can make your routine, it will increase the chance of your success.

Keeping a paper-based trading journal

Every successful trader at Singapore maintains a trading journal. They always write down the details of each trade so that they can learn from their mistakes. On the contrary, the new investors are placing random trades without knowing the consequences. But soon they realize trading is not a place for showing emotions. If you want to survive as a profitable Forex trader, you must follow some basic rules of investment. And writing down the rules will help you to maintain your discipline.

Due to the recent advancement in technology, you can easily access your past trades data from your online trading platform. But do you really think the digital format of your past trade data will help you to identify your mistake? To be honest, it will help you to a certain extent but still better to follow old-fashioned paper-based journal. When you write things down, you will give a second thought about your trade setup. This simple steps can easily stop you from overtrading the market.

Keep an eye on the latest news and trend

One of the popular ways to keep your routine updated is with the help of Forex news and information. There are many websites that provide free updated information to the traders at free of cost. You can visit these websites anytime to know about the latest news. The international newspaper also has different sections in their papers that provide information on the currency exchange.  All these can inform you about the latest news and trends. If you are active on Social Media, you can get the news form their social pages and use them in your strategy and planning of your trades. Professional traders place one trade after careful planning. They do not rush into overtrading as they know it is not productive. The trends are also an important part of your routine. If the trend changes and you think you need to change your routine, make the changes. Do not wait for a suitable trend as it may never come. You have to take risks always in your trades when you are trading in Forex. An updated routine will only reduce the risks but not remove it completely.

Socialize with the traders and use their ideas

Every trading platform has many options in their software to socialize with the trading groups. Most brokers have their own community where you can post and know your queries. If you think you are mostly getting the proper direction, socialize with the thousands of other traders who are placing trades and get useful ideas.  It may be hard for you to know about the updated news and information but these people can inform about the changes through their ideas and knowledge. Socialize with people and you will get more updated information on the industry.

Review your routine weekly

Take a day off in your trading and review your trading routine. If you find any flaws, try to correct it. Do not wait and always keep your routine under check.

Quickbooks is one of the world’s most popular accounting software – it wouldn’t be so popular without the countless benefits that it offers. Check out these substantial benefits that QuickBooks offers to businesses.

Quickbooks can take care of both profit-and-loss calculations and tax filings

Businesses are required to submit quarterly estimated tax payments to the Internal Revenue Service of the United States federal government. Failing to pay sufficient amounts results in penalties being levied against businesses, thereby cutting down the total free cash flow businesses have to conduct operations as normal. Quickbooks makes it easy to pay estimated quarterly taxes – unless a business’ financial information was entered incorrectly into the accounting program, tax payments will be remarkably accurate – this prevents the likelihood of getting into trouble with Uncle Sam.

As long as you use Quickbooks, you’ll never have to physically sign documents again

A major benefit that Quickbooks brings to the figurative table of commerce is the automatic signing of documents. Employees who are granted enough power within their organizations can upload their signatures by simply taking a picture of their signature on a blank piece of paper; next, they can simply drag and drop their John Hancocks onto spaces that they want to sign without all the wrist work.

Quickbooks integrates into other computer programs without hassle

Quickbooks is remarkably friendly with other programs. You’ll find that you can export all the data your business has poured into Quickbooks to other computerized accounting software, tax programs, and tools used to create financial statements.

Not all accounting software is as compatible with virtually all business-related programs across the modern world of technology; as a matter of fact, Quickbooks is widely known as the most compatible accounting software.

Businesses that don’t account for their revenues and expenses are in the dark; as such, they can’t figure out if their operations are profitable or not. Getting used to Quickbooks doesn’t take very long – before you know it, you’ll be reading error codes like quickbooks error 6177 in no time.

Many people try to prove their worth in Forex but we do not know what they are trying to prove. This is an online industry where you get to make your money by placing your trades with the trend. If you work hard and develop your strategy, you can make the profit. If you do not work hard, you are going to lose your investment. As it is a live industry where the trends changes every moment, many people take this trading as a challenge and they try very hard. They become upset when they lose and they become desperate. This article will tell you why you should trade in Forex like other business and do not take any risky decisions. It is only a currency trading after all where you can make a profit with your trades. People are not going to judge your success because only you know if you are making money or not.

You don’t have to prove to yourself your performance will speak for you. Many experienced Aussie traders are now working for high-quality brokers like Rakuten, due to their strong record in the trading industry. Success is something which you can never hide and it will always reveal the truth about your achievements.

What are you trying to prove, that you are the best?

You may try to prove two different things. The first thing is you are the best and the second thing is you want to show the world that you can still make wonderful trades. These are worthless decisions that are of no use. You will make a profit one time and lose in the second time. There is no consistency in making money but you can do is make your rewards larger. This is the risks to reward ratio and it can help you to have bigger wins. However, keep in mind that you will always lose sooner or later. Trying to prove that you are the best trader is nothing but a sentimental decision.

Being a beginner in the investment business, you should focus on the Forex trading demo account. You might have the capability to trade the market with real money but without learning the details of this profession, you will always lose trades. You have to develop a balanced trading strategy which will help you to make a profit in the long run. In order to become a profitable trader, you must have a clear blueprint for this market. Take steps in a very organized way since a small mistake might cost you dearly. Always consider trading as your part-time profession for the first six months. Make sure you are trading with an elite class broker like Rakuten to enjoy the best possible trading environment.

The trends do not care about your skill or luck

When people first trade in Forex, they make some good trades and their confidence improves. They think this trading is easy and they were afraid of no reason. They become overconfident and the mistakes start to happen. They start trading like gamblers and do not analyze the chart. They trade with their mind and lose all their investment. If you are trying to prove the trend that you can still overcome after having losses but that is not necessary. The trend has no concern about your luck or skill. You may win a few trades with luck but soon you will run out of it if you do not practice. Your skills will also be outdated if you do not practice with different trends. Just be yourself and concentrate on your practice.

Be a silent legend

Do not shout about your success and calmly enjoy the wonderful rewards. This market is going to award you profit every day if you keep your head in the game. Be a silent observer and learn from other people every day.

By financen | August 6, 2018 - 5:36 pm - Posted in Budget, Debt, Financial planning, Savings

Financial planning can be a great step towards your future regardless of what age you are or what your budget looks like. It really doesn’t even matter if you have a budget at all. This is what makes having a financial advisor so great. They can help get you on the right track no matter where you’re starting from. Here are some great financial planning tips to think about while you search for the right financial advisor montana can offer you.

Budgeting

This always seems to be the most important first step of getting your finances to where you want them to be. You can’t make decisions about which bills are due or how much you can save if you don’t even know what is coming in or where it’s going. Sit down with some check stubs and figure out just how much you bring home. Then, take a look at your bank statement and past months bills to figure out an average of what you’re spending. This will get you well on your way to a functional budget.

Savings and Debt

After you’ve determined how much income you have and what bills are getting paid, you can start to think about paying off debt and saving towards retirement or other large expenses. If your budget is really tight, you can try increasing your income through various side work. In addition, saving even five dollars every month may not seem like a lot, but it will add up quick.

As you can see, budgeting is a series of steps that can help get you to where you want with your finances. Take the steps one at a time, and make sure you are keeping track of income and expenses as you go. If you do this, then you will be able to stop living paycheck to paycheck and you can actually start seeing some of the fruits of your hard work.

Comments Off on Financial Planning
By financen | - 5:29 pm - Posted in Auto, Car

Maybe you’re new to the industry. Maybe you’ve been here for awhile, but you’re always interested in learning new tips. If you own and operate a car dealership, here are just three ways to make sure that business is always booming!

1. Advertise Your Sales

This might sound obvious, but if your sales aren’t being advertised in blinking neon letters that are raised 40 feet in the air, you aren’t doing a good enough job. Car dealerships are so visually “busy” that it takes a lot to attract the attention of potential customers driving by. If you want them to know about your deals and discounts, you have to go the extra mile to get your signage noticed. Don’t be afraid of getting aggressive. It’s an aggressive business.

2. Track Your Spending

It’s easy for money to disappear in a car dealership. Since you’re handling such large sums whenever someone purchases a vehicle, the smaller transactions tend to be ignored or forgotten. You’ll need to break yourself of this habit to properly balance your books. Start tracking every single transaction made within your car dealership, and have someone on your staff organize all of your receipts, invoices, expense reports and order forms. Don’t let money vanish into thin air. Even small amounts can add up over time, and there might come a day when you need that money.

3. Hire a Professional Cleaning Crew

A good cleaning service Florida can help you with both the interior and exterior appearance of your car dealership. In addition to sweeping your parking lots and emptying your garbage cans, they can also make sure that your cars always look good against the landscape or show room floor. Some companies will even offer non-toxic, eco-friendly services to ensure that no damage is done to your vehicles as they clean.

These are just a few tips for running a car dealership. At the end of the day, the most important thing is that you feel confident in the decisions you make. That should be your ultimate goal as a small business owner.

Comments Off on 3 Tips for Running a Car Dealership
By financen | August 5, 2018 - 3:44 pm - Posted in Investing, Investment, Warren Buffet

I would like to share a great video with my viewers about Warren Buffet and his advice on how average people can invest and become rich. Enjoy the video and learn as much as possible to become rich.

Comments Off on Warren Buffet – How anyone can Invest and Become Rich
By financen | July 25, 2018 - 3:57 pm - Posted in Employment, Job

Do you own a small business? If so, you understand the importance of hiring the most qualified people to work for you. After all, it’s likely you have a small staff and want everyone to be working together with efficiency. There are several things you should focus on while looking for an individual to fill a particular job position. Look at the first three things to focus on when hiring a new person to work for you.

The Face-to-Face Interview

Talking to a job candidate in-person can tell you a lot about the individual you may not pick up over the phone. For instance, did the person arrive on time to the interview? If so, this shows respect for you and a true desire to land the job. How is the person dressed? Is his or her wardrobe appropriate? Once again, you want someone who truly wants the job and knows how to look professional. When talking with the person take note of how easily he or she answers questions and whether the person asks any. Someone who asks questions during a job interview is definitely showing interest in the work.

The Resume

A person’s resume has a lot of important information that can be helpful to you as you make your decision. Does the person have a consistent work history? Checking on the individual’s personal and professional references can be very helpful. Where did the person go to college and did he or she graduate? If you are dealing with a college graduate, it’s a sign the person has perseverance and finishes what he or she starts. Of course, this is a desirable quality in a job candidate. Also, a resume lets you know about a candidate’s additional skills. Perhaps the person speaks Spanish or knows how to use a specialized computer program.

The Background Check

You may want to run a background check on job candidates. Perhaps you opt to look for felony statistics or other criminal records via a resource such as Intelius. A background check may be very useful if the job position is particularly sensitive in nature. For instance, the job may involve handling cash or working with young children. Getting a background check can give you peace of mind about someone before hiring that person and welcoming them into your business.

Lastly, there’s no harm in putting someone on a probationary period after they are hired. If they don’t live up to your expectations you can always go back into the pool of job candidates and see if your second choice is still available for the job.

Comments Off on Three Ways to Focus Your Search for a New Employee