Millennials are considered to be irresponsible and deemed so by boomers. Millennials might have different ways of doing things but that does not make them irresponsible. Yes, they make mistakes but it is just like any other generation who went through a learning curve. Making mistakes is a huge part of the learning process. Here are some of the common financial mistakes that are made by the millennials: Having Massive Credit Card Debt One of the initial challenges young adults face when they start earning is to buy everything they dreamed of in their college years. This leads to buying...
A New Generation of Money Management
Understanding the Initial Coin Offering in Blockchain
With the blockchain buzz reaching a frenzied pitch, investors are scrambling their chips around various options to invest in cryptocurrency. With all this initial craziness, it’s hard to focus on what’s real enough to warrant an investment. As far as start-ups are concerned, they have a whole new avenue to garner that highly elusive initial capital. The recent trend of startups launching ICOs has caught up fast investors flocking to these events in droves. Understanding the ICO Concept To clear away the obvious, what is an ICO? An ICO or Initial Coin Offering is basically the blockchain-version of an IPO...
How to Start Share Trading from Home
Have you ever used a product or bought from a company so often that your friends told you that you should buy shares in it? Taking their advice might not be a bad idea. After all, the internet, technology, and electronic exchanges have made it a lot easier for all kinds of people to get involved with stocks and securities in the modern landscape. You don’t have to have a space on wall street to get investing anymore. Anyone can begin trading from home, provided that you have the right attitude and a little bit of guidance to help you....
5 Inspirations For Building Your Own Business
Sometimes, you have to take a cue from your personal needs and then build a business around it. Having more than one source of income is not only a necessity but also a smart move. It doesn’t matter if you are looking for ways to minimize your debt or looking to make some extra cash. Buiding a secondary business will let you have a financial cushion if your primary source ever fails. Building a business isn’t easy, but it isn’t as difficult as most people tend to believe. Here are some inspirations to help you find a business idea that...
Ways to Minimize Your Debt!
Knowing how to manage your finances is one of the most important skills you will need to have. One of the key aspects of it is figuring out how to live debt-free and minimize the debt you already have. Here are some of the ways to minimize your debt. 1. Handling Your Mortgages Most people live some of their life in debt and a house mortgage is one of the most common reasons. Few of the ways to handle it better can be: Aligning your mortgage with income – For example, if you get fortnightly make your mortgage payment fortnightly...
5 Best Health Insurance Companies of 2019
Choosing a health insurance plan is never an easy task. First, you have to find out the reliable companies in your geographical location, study all the plans they have to offer, then finally select one that fulfills your health needs. Once you purchase the right plan, then begin the phase where you pay monthly/quarterly/yearly payment as premiums. Along with premiums, you are also needed to pay a flat rate fee called “co-pay” every time you go for a checkup or a medical evaluation. In this post, I have listed a few health insurance companies that I found to be the...
Be a Better Van Business Entrepreneur: Tips to Keep You Up and Running
The transportation business is one of the most lucrative trades there is. There are several types of transportation services to choose from. While some may require high capital such as air transport, others such as a moving van business require much less capital. This low entry barrier means you are likely to compete with a lot of people. To have a competitive advantage, here are some important considerations. Carve Out Your Niche Many businesses tend to be generic in terms of who they serve, and that is why most of them struggle for years and eventually close. As a van...
Tips to Avoid Common Tax Scams in the US
The Federal Trade Commission received more than 1.4 million fraud complains from across the nation. All involving, identity theft, loss of money, etc. People lost $1.48 billion to tax scammers in the year 2018. With a 38% rise in tax fraud cases since 2017, this year the number may go up. Are you ready to file your taxes safely and painlessly? Here are a few tips to avoid common tax scams in the United States. 1. Tax scammers work all-round the year Don’t be under an impression that, tax scams only take place during the tax filing season. The filing...
Things Not to Do When Buying a Car
Are you looking for a new car? How can you cut the high-interest rates on car loans? To get the best deal on your new car, there are a few things that you should never do when you visit a car dealership. You cannot beat the enemy without understanding and knowing what game they are playing. A car salesperson is just an employee who wants to do the best for his/her organization and hence will go to any lengths to make sure they reach their sales objectives. They do not have bad intentions. So, next time you visit a car...
4 Rules of Thumb for a Happy Retirement
Are you already thinking about your retirement days? Will you be ready for the tough road ahead? Well. Retirement is not just about savings and investments. It also about making the best out of your twilight years. You have worked your whole life to achieve your goals. And now is the time to be with your loved ones, visit places you always dreamt about and live your life on your terms. To make sure everything goes as planned, there are some tried and tested rules of thumb for a happy retirement that you should follow indefinitely. Here are the rules...