Published on: 04 July 2018
Last Updated on: 25 July 2024
Cryptocurrency has only been around for ten years or so but it is a phenomenon that many people are aware of, even if they have not invested themselves. There is a lot more to cryptocurrency than many people realize. This type of currency has a lot of potential in terms of how it could grow and what it can be used for. This adds to the excitement of what could happen next and a lot of people are now feeling this anticipation.
Here are five amazing facts about cryptocurrency that you may not know.
1. No One Knows Who Founded Bitcoin :
Bitcoin is perhaps the most well known of all the cryptocurrencies but the person that founded it has always remained anonymous. It is assumed that they have made a lot of money from their invention but they have never made any public announcements about their identity. The name Satoshi Nakamoto is often used but this could be a pseudonym or even the name of a group of people.
2. It Is Very Volatile
The value of cryptocurrency can rise and fall very sharply and this makes it a very volatile market. However, it also makes it a good type of currency to trade because people are able to buy when the price is low and sell for a good profit when the price begins to rise. Cryptohead.io can be a very useful site to visit when you are looking to invest because they have all the information and advice that you will need to make an informed decision about your investment.
3. Cryptocurrency Can Be Broken Down Into Fractions :
Almost all types of cryptocurrency can be broken down into fractions when a purchase is being made. This is usually a half or a quarter but can be as low as one-tenth. This means that even when the value of a particular cryptocurrency is quite high, people still have the chance to invest with a low amount by just buying a fraction of the currency.
4. You Cannot Get Any Access To The Currency Without Your Wallet :
All of your cryptocurrency will be stored in your wallet and if you lose access to this then you will not be able to get hold of any of your money. However, as long as you take the necessary precautions to keep the details of your wallet safe then you should have nothing to worry about. Digital wallets are incredibly secure so they can be used with confidence.
5. Blockchain Is Essential For A Successful Currency :
In order for a cryptocurrency to be successful, the right technology is needed to be able to support it. The system that is used to record and store information about any digital transaction is known as a blockchain and it has several features which help to make cryptocurrency work even better. It is available 24/7 and so people will always have access to their currency when it is needed and there are only going to be more features added to the blockchain in the future.
Even though there have been issues with stability when it comes to cryptocurrency it is a trend that is likely to be around for a while. If you are thinking about investing in any type of cryptocurrency then it is always a good idea to do some research first. There is much more to learn about cryptocurrency than just the facts that have been talked about here.
Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.
A lot of students or newbie job seekers are always stressed about saving up money.
They ought to earn their own money and manage all their expenses, including food, groceries, housing, internet and phone bills, and more. Well, there are certain expenditures that go unnecessary and that you might overlook when you are in financial trouble.
In this article, you will learn about how to save money when you are in a financial emergency. Here, this article will offer you 11 tips with the help of which you can make your situation a bit better. Hence, to learn more, read on to the end of the article.
Top 11 Tips To Save Money For Emergencies
The following are the eleven tips to save money that you must follow if you are in financial trouble or are saving for emergencies:
1. Getting Call Tracking Services
With our busy lives around us, we usually do not stress much about our phone bills and ignore how much we are paying for them, considering it a necessity. You will see the difference in your spending once you refer to the best call tracking services in Australia.
It gives you the opportunity to show how much revenue is being generated during your phone calls and helps you save some money with it.
2. Eating At Home
Junk food and fancy restaurants drive most of us crazy. The delicious Chinese and Italian food we crave after each day of work makes us spend a lot on food.
To save up, try cutting down on junk food. If you crave some, try making it at home. This way, you will be safe from unhealthy ingredients and will have fun with family or friends while cooking.
3. Cut Off Gym
This might sound a bit offensive to some people, but if you are really not that regular with your gym, you better end up with the membership and try walking to your place of work instead of using public transport or your car, which uses a lot of oil.
4. Ignore Car Washes
Instead of getting your car washed every weekend and having to pay for it, try giving your car some time and cleaning it on your own at weekends. If you are not really good at it, give it a professional wash once in two months.
5. Shopping Measures
This is one small but very helpful tip. When it’s summer, all you wear is a big jacket and cover your inner clothes up, which makes them hidden. So instead of buying new clothes in the winter, wear the old ones as they are hidden anyway and just buy the necessary overcoats.
6. Grocery
Make sure the groceries you are buying are of use, and nothing will rot in the back of your refrigerator. A lot of us buy stuff imagining a new recipe and end up forgetting about it. This wastes not only our money but also the fresh food we just brought.
Either don’t buy fancy products (if you are not really interested in cooking) or do not keep them hidden. You can have a timetable made if you are pretty organized.
7. Drinks
If you buy canned juices or soft drinks because you are a liquid stuff addict, you should know the preservatives and amount of sugar used in them. Usage in huge amounts might end up hurting your stomach and is a waste of money. Try exploring and making your own juices or smoothies and store them in your refrigerators.
8. Record Your Expenses
If you do not have a budget for how much you will spend, you will never be able to save for emergencies. Hence, you must keep track of all your expenses.
For instance, you have to keep track of every household item, subscription, monthly bill, and many more. To start recording your expenses, you can use a budget notebook or a budget app on your phone.
9. Set Saving Goals
It is crucial to have a savings goal for your own case. Here, firstly, you have to think about what you are saving for. Then, you have to divide your saving goals into long-term and short-term goals.
Additionally, you must estimate the amount of money you need to save. Then, by comparing it with what you earn, find an estimate of the time you might take to save up to that amount.
10. Focus on Your Financial Priorities
How much you allocate to your savings goals depends on your financial priorities. For instance, if you are saving for an emergency situation, you must start putting away money now. Hence, you must keep your long-term goals in mind.
Moreover, if you are planning for retirement, you must ensure its importance over short-term needs. Therefore, it is crucial that you prioritize your goals. This will give you an idea of where you must allocate your savings now.
11. Use Automatic Saving Options
Choose automated transfer between your savings account and savings account. Here, the bank will give you an option of when and how much to transfer. Also, you have the option to split your deposits. This means a portion of your paycheck directly goes to your savings account.
Follow The Above Tips To Save Money
If you follow the above tips to save money, you can eventually end up saving a lot for your future. This will help you to cope with financial turmoil and stay prepared for emergencies. Moreover, never forget to review your budget every month and check your progress.
Do you have more tips to offer to save money? Please share your ideas and opinions in the comments section below.
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Why should you consider investing in gold bullion even if you’ve never invested in an asset before?
Gold bullion is a potentially valuable investment option for beginning investors looking to build a financial portfolio that can minimize risk and maximize potential returns.
Gold has a better portfolio weight than many other asset classes, and it’s also more affordable than other assets. (Silver bullion is even more affordable.)You don’t need to be rich to invest in gold bullion, nor do you have to invest in a lot of gold bullion for your investment to pay off in the short and long term.
Here are two reasons beginning investors may want to invest in gold bullion.
What Is A Gold Bullion?
First off, though, let’s define gold bullion.
Gold bullion refers to gold bars, ingots, and coins officially recognized as being made of at least 99.5% pure gold. Gold bullion is kept as reserves at banks, governments, and institutional investors.
The standard size of gold bullion bars and coins is 1oz.
In North America, you can use bullion coins as legal tender.
In Canada, sales tax doesn’t apply to gold bullion, and gold bullion can be included in RRSPs and other tax-deferred income plans. Some Canadian companies permit Canadians to include gold bullion in their retirement portfolios.
How To Buy and Selling Gold Bullion?
There are many reasons to consider buying and later selling gold in Toronto and elsewhere. Two reasons are that gold bullion is considered:
A safe-haven asset
A hedge against inflation
2 Reasons Are Making The Gold Bullion A Perfect Investment
You will hear millions of names and types of investments in the money market. But every investment has some risk factors. Unlike the other money investment types, Gold Bullion has multiple facilities, which makes this a safe asset.
Here are the two reasons. Take a look at these and know the advantages of the gold bullion investment.
1st Reason to Invest in Gold Bullion: Gold is Considered a Safe-Haven Asset
Gold bullion is a safe-haven-type asset. This is a specific type of asset that tends to increase or retain value over time.
That gold is considered a safe-haven asset doesn’t mean investing in it is risk-free. No investment is risk-free.
But gold tends to perform exceptionally well during times of economic uncertainty, like the earlier days of the COVID-19 pandemic and the 2007-2008 global financial crisis.
In fact, during the earlier days of the COVID-19 pandemic, the price per ounce of gold surpassed USD 2,000 for the first time in history.
Recently, the price of gold per ounce has been hovering around USD 1,800.
2nd Reason to Invest in Gold Bullion: Gold is Considered a Hedge Against Inflation
An asset that hedges against inflation is an asset that can keep pace with or even surpass inflation.
Investing in inflation hedges like gold bullion is a smart way to save money. During periods of inflation, gold tends to appreciate.
If you were to put your money into a traditional savings account, your money would likely fall behind the rate of inflation over time. Consequently, the value of your money in the future would turn out to be less than the value of your money now.
However, if you were to put your money in gold bullion, over time, your money might keep pace with or even surpass inflation, so that the value of your money in the future might turn out to be worth as much or even more than the value of your money now.
The Bottom Line
There are many reasons why beginning investors could benefit from investing in and buying and selling gold bullion.
In addition to being a relatively affordable safe-haven asset and hedge against inflation, gold is considered a strategic asset.
Also, gold bullion is easy to purchase. All you need to do is head over to your local gold bullion dealers (although to be sure, it’s always a good idea to try out a few options before settling on the one that will give you the best deal).
Later, when you’re ready to sell your gold bullion, you can take it to a gold bullion dealer that buys gold bullion. Your goal when doing so is to sell your gold bullion as close to the spot price as possible.
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Selecting an independent insurance agent is a critical decision that can greatly impact financial well-being.
An insurance agent can offer guidance and protection for your most valuable assets. Therefore, finding the right agent can be overwhelming, specifically when considering the myriad options available.
Since insurance is a complex field, having a trustworthy agent is crucial when considering getting the required coverage.
In this article, you will discover the top reasons for selecting an independent insurance agent.
List Of Top Reasons To Select A Local Insurance Agent
Below is a list of reasons for selecting a local independent insurance agent.
1. They Give You A Choice
Independent insurance agents represent several insurance companies offering different price points and wide coverage options. Most of them sell to five to eight different insurance companies on average.
Thus, there is no requirement for you to accept one quote from one company, and you do not have to spend long hours filling out online applications.
Similarly, with the agent’s connection and expertise, the agent will be able to find better insurance than you might find for yourself.
Hence, they will find you the right blend of coverage, price, and services.
2. Are Personal Advisers
The agents will not only help you find the right competitive pricing, but they will also make sure that you are adequately covered.
Thus, when you work face-to-face with an agent, it becomes your source of personal advice. Furthermore, they also take time to listen to your query and understand your individual needs.
Moreover, a local insurance agent will assist you to be appropriately covered and avoid ending up insurance-poor or suffering a loss. Visit the website and hire the best professional to meet your needs.
3. They Are Licensed Experts
Independent agents can assist you in explaining the complexities of insurance in simple terms, helping you make smart moves.
Moreover, the agents will help you make a career out of assessing your insurance needs and matching them with the insurance carrier that will be best equipped to meet those needs.
Therefore, if you are working on wills, you are likely to visit an attorney and ensure that documents are drawn up correctly.
So, remember to seek advice from a licensed insurance professional to protect your property and vehicle properly.
4. Are A Consultant For Lifetime
Independent insurance agents periodically review your coverage. Similarly, they also help you through all the changes in your life. For instance, if you are moving from a rented house to an apartment, if you are about to get married, or if you are adding drivers to your auto policy.
Furthermore, if you have a claim or bill concern or want to resubmit your coverage, the agent will be there to advocate for you and work with the insurance company on your behalf.
On the other hand, the agents will direct you while deciding what coverage and limits you need to protect your family from. Thus, they offer you a lifetime service and advice.
5. Vast Expertise And Experience
Independent agents have vast expertise and skills as they are aligned with different companies. With a deeper understanding of the complexities of insurance policies, the agents will guide you in making informed decisions.
So, ensure you look for an agent that will offer you a proven track record, relevant certification as well as a commitment to stay updated on the latest industry trends.
Therefore, one of the major reasons to select an independent agent is that they will help you navigate the insurance techniques and meet your specific needs.
6. Extensive Product Knowledge
As product knowledge varies widely from person to person, an independent agent offers accessibility and responsive solutions whenever you inquire.
On the other hand, if you seek home, vehicle, life, or business insurance, the agent can explain every policy detail. Similarly, they will also help you with your coverage limits, exclusives, and deductibles.
Therefore, they will help you adapt to customized insurance packages that fit your unique requirements. Hence, the agent will help you select the right coverage and explain the implications of different policy options.
7. Easy To Communicate
Effective communication is important when it comes to insurance. Thus, an independent agent will help you access and be responsive to any of your queries.
This is one of the primary reasons for selecting a local independent agent.
Furthermore, if you prefer communication through phone calls, in-person, and emails, the agents ensure that their communication aligns with your understanding and preference.
Clear communication is important during the claim process, so select a transparent and prompt independent agent. In addition, the agents also make the entire insurance experience less stressful and smoother.
8. Offers Financial stability
An often-overlooked aspect of selecting the right insurance agent is considered based on financial stability.
Thus, the financially stable insurer is likely to fulfill the obligations in a claim.
However, it is important to research the strengths rating of the insurance company and find out about the claim's payment history.
Thus, an independent agent is financially secure as they can withstand economic fluctuations and offer long-term stability for your coverage.
How Will You Find The Right Insurance Agent?
Here are a few tips that will help you navigate the process and find the ideal insurance agent:
Check the list of companies the insurance agent represents. Similarly, understand the difference between the two and who can determine which type of agent suits your needs best.
Seek referrals from family and friends.
Take benefit of a wealth of information available on the internet. It will give you information about the agent’s professionalism and responsiveness.
Choose an agent who gives quick responses, is easy to communicate with, and can explain complex terms.
Assess the insurance agent’s commitment to customer service.
Lastly, trust your instincts. Moreover, it is better to keep searching if something does not feel right.
Summing Up
Thus, remember that your relationship with a good independent agent is likely to last a longer time. So, take your time and choose the right one.
Similarly, there are many ways to assess a good insurance agent. The top reasons are a good starting point.
However, take your time to evaluate these factors, and you can make an informed decision that aligns with your insurance needs and offers you confidence in your coverage.
So, work with an insurance agent who can help you with social transactions and will be a long-term partner in securing your financial future.
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