Posted on 06. Oct, 2016 by Money Cactus.
The USA was always regarded as the land of opportunity. Hard work would guarantee success and ordinary people would be able to make a comfortable life for themselves and their families. People expected to be able to give their children a better education than they had had themselves and on graduation children could look forward to good career prospects. The US Economy’s strength was the hard working labor force, some with manual skills and others in jobs which tested their intellect and imagination. It seems that those who have regarded themselves as middle class are no longer in as strong a position as they used to be. Some of the reasons are their own fault. The complacent attitude to debt resulted in widespread misery as the real estate market crashed. The ongoing problems with credit card debt shows a high level of irresponsibility.
Other reasons include factors beyond their control. Even the experts did not foresee the Collateralized Debt Obligation crisis that precipitated the recession. Financial plans were destroyed overnight and foreclosures happened throughout every State in the USA. Unemployment resulted in many families being unable to meet their monthly financial obligations.
While the economy has moved forward after the recession, even there consumer spending which is an important part of growth has often been done on credit and the problems that result from that are not always easy to solve. Real wages have not been rising for some time and those who wanted to have the latest technology, a new automobile every few years and a fashionable wardrobe often did it on credit, not from their monthly income.
Some necessities have become increasingly expensive, rising at a rate well above inflation. Medical and educational costs have far outstripped the rate of inflation. Life expectancy is increasing and the prospect of higher medical bills in later life are a real problem. There are other reasons why many in the middle class are struggling:
- The overall level of debt that has been accumulated over years even without the intervention of the recession.
- The performance of the stock market and the low rate of interest that has prevailed in recent years that has meant reduced returns on investment.
- The fact that many people have simply never got into the habit of spending.
- There is still the lingering effects of the recession; the real estate market’s recovery is certainly not uniform across the whole of the Country.
- Unemployment figures look good on the surface but when analyzed more closely they reveal the extent to which part time jobs have become an increasing part of the labor market. There are also plenty of people who though working have yet to find a job that fully utilizes their skills.
The overall conclusion is that the middle class as a whole should look at its financial management skills and whether there are obvious ways to improve them.
Personal Budget Decisions
While you may find this difficult to believe there are clearly many people working in a business that requires a proper budget and cash flow in order to make good management decisions who don’t realize that they should use exactly the same process in their personal financial lives. A household budget that includes all income and expenditure will soon identify where there may be problems. If monthly expenditure is being supported by using a credit card that is an indication of overspending.
Credit cards incur a high level of interest at the end of each month after a card holder’s payment has been deducted. Those who make just the minimum payment will hardly reduce their balance. It is a debt that needs to be cleared and can be by a personal loan that attracts a far lower rate of interest. Online lenders will assess realistic applications and make an immediate decision before transferring the funds within a working day. That loan paying off an expensive balance can be repaid by installment that is entered in the monthly budget instead of payments to the credit card company. That is just a single, but very important, part of getting things in order and going against the trend of someone in the middle class who is struggling.
Posted on 18. Sep, 2016 by Money Cactus.
We all know we’re supposed to pay our bills on time, never spend more than we earn, and overall just be fiscally responsible. That being said, sometimes life just gets in the way. There are some people who watch every penny and stash away money faithfully from each paycheck. Though unexpected circumstances like serious illnesses can eat away at savings awfully quickly. It’s been said that medical bills are the most common type of expense sought by debt collection agencies. Long hospital stays coupled with overly expensive, yet inadequate, health insurance can put you thousands of dollars in debt through no fault of your own. Then we can all remember the economic meltdown back in 2008. Millions of homeowners watched the value of the 401k’s diminish while the value of their homes plunged well into the negative equity range. There are just some matters that are outside of our control, and they can adversely affect our credit for years to come. That’s there’s no shame in seeking out help when you are in dire financial straits. The trick is finding the right type of credit counselor to meet your individual needs.
First and foremost, you want to find someone who is affordable! After all, you are in this situation because you are having financial difficulties. You don’t need to work with an expensive credit counselor who will put you further into debt. After you read this Lexington Law review, you will see the qualifications they have and the benefit of using them for your credit repair needs. They are a one-stop shop that can cover your needs from A to Z. Meaning, they not only have financial experts on staff, but they also employee lawyers and paralegals that can handle your proceedings from beginning to end.
Another important measurement for any credit repair and counseling company is that they are properly licensed to do business in your state or region. The last thing you want to do is sign a contract and hand over all of your personal data only to find out they are legally unable to help you.
Lastly, it’s nice to find a counseling company that can not only help you get out from under your mountain of debt, but they can also help prevent you from finding your way there again. There are reputable agencies out there that offer budget counseling, as well as savings and debt management classes. In fact, some of these agencies require that you attend their classes in order to receive their assistance.
Posted on 26. Jul, 2016 by Money Cactus.
Are you a stockbroker who yearns for some motivation or wisdom in your field? Whether you’re a greenhorn broker or a seasoned one, novel viewpoints and experiences can always benefit you. TED Talks is one of the ways you can get some positive insights on your niche, through the words of other successful people.
We’ve collected a list of nine TED Talks that anyone working in stockbroking should watch.
- Kevin Slavin: “How Algorithms Shape Our World”
In this mind-boggling presentation of the way nature and algorithms intertwine, Kevin – co-founder of Area/Code – explains us the importance of milliseconds in the world of stockbroking, managed by algorithms. The stockbroking market has grown to be way out of our control and comprehension, and the only way to influence it is with mathematical algorithms. That’s the reason why MIT is involved in Wall Street, together with the 200 physicists that work there. The whole story is narrated using metaphors from the real world.
- Josh Luber: “Why Sneakers are a Great Investment”
“What do sneakers have to do with stockbroking?” you might ask. That’s exactly how the TED audience felt when Josh Luber, a sneakerhead, started explaining his marketing strategy and knowledge. He shed light on the intricate secondary sneakers market that is evaluated at 1.2 billion dollars, and growing. Nike as the sneakers tycoon holds 95% of this market, mostly with the Air Jordan shoes. Josh conducted data analysis of this market and proposed a revolutionary idea of a stock market for items.
- Tobias Preis: “Can Google Predict the Stock Market?”
Tobias Preise, a professor of Behavioral Science and Finance at Warwick Business School, turned to the biggest content giant – Google – for hints which can link the millions of searched keywords every day and the stock market. Data scientists are becoming extremely important with the rise of the “big data”, a ginormous collection of data which can be used as a key to finding patterns, and interactions that lead to successful stockbroking. Those who are interested in foreign exchange , and linked with CMC Markets can benefit from data science immensely. Tobias provides invaluable advice on data science and stockbroking.
- Daniel Goldstein: “The Battle Between Your Present and Future Self”
Goldstein, who has made a career by analyzing the financial behavior of Internet users, gives a talk on the age-old battle between the Superego and the Id. He presents us a reference to the Odysseus and his test with sirens, as a motivation to practice more self-discipline in order to save more money for a wealthy retirement. Sharing his life experiences involving commitment devices which propel you to do something even if your present self doesn’t like it.
- Dylan Evans: “What Can We Learn From Expert Gamblers?”
Dylan, the founder of Projection Point, has come in contact with countless professional gamblers ranging from Poker and Blackjack players to Sports Gamblers, through the research he conducted. In this video, he explains the risk intelligence philosophy he and his company focus on, which can prove to be indispensable in risky stock broking situations.
- Alessio Rastani: “The Psychology of Trading”
In this interactive presentation of the stock market evolution, Alessio – a trading expert in financial markets with a decade-long experience – explains the philosophy of buying and selling stocks. His controversial statement that he wishes for another depression put him into the media spotlight and was even called a psychopath by the Forbes magazine. Inspired by Warren Buffet and Rockefeller, he shares his trading experience with the TED audience.
- Brian S. Wesbury: “The Real Truth About the 2008 Financial Crisis”
Learning and studying the 2008 housing bubble burst crisis is paramount for every stock broker. Brian, a Chief Economist at First Trust Advisors, shares a novel perspective on what happened. He tries to debunk the widespread myth that is served to the public about the 2008 financial crisis. Although a bit controversial, every stockbroker should listen to this talk and reconsider their stances on the crisis.
- Mellody Hobson: “Financial Literacy”
In her inspirational speech and stories about poverty from her own life’s experience, Mellody – President of Ariel Investments – advises us to persevere through the hardships in life. She highlights the quality of being self-sufficient and disregards the story about women needing prominent male figures in their lives. As she and her team persisted in the financial crisis of 2008 and successfully recovered, as Michelangelo endured in the painting of the Sistine Chapel, so must other who are interested in stockbroking. She ends her energetic speech with Churchill’s quote on walking through hell.
- Shlomo Benartzi: “Saving for tomorrow, tomorrow”
This economist debunks the lies we often tell ourselves when we want to do something positive in the future. This procrastination is the main reason why 70% Americans don’t have their retirement matter settled. He explains the steps it takes us to quit procrastinating and start managing our time and capital correctly. He does this by studying behavioral sociology and providing answers for its problems.
Posted on 29. Jun, 2016 by Money Cactus.
physical object. To be more specific, it is the process of making solid 3 dimensional objects
from a simple digital file. This is done by layering materials until a product of related
dimensions and size is achieved.
Different 3D printers are used for different purpose. The process has become quite popular in
recent times because people can now easily turn their ideas into prototypes without having
access to large manufacturing facilities. In fact, 3D printing reduces the time between a great
concept and reality. You can print your ideas the same day they are conceived.
This gives an advantage as you will reach the market sooner and start selling earlier. For
established companies, this offers a head start and helps to stay ahead of the game from
This modern printing technology is loved and enjoyed by individuals and companies for various
reasons, some of which have been discussed below.
This method of creation will save you a lot of money. It does not require any heavy machinery,
molding tools or other expensive production facilities. Even though the rate of this additive
manufacturing technique is lower compared to traditional methods, it is a great way to make
Offers Opportunity to Get Feedback
Before taking the big business decisions, you can demonstrate the product to groups like target
audience, business partners, financers, etc. and request them to provide feedback. It’s a great
method to assess demand before starting production with full force.
Presents Immense Designing Possibilities
With this new option, your imaginations will take shape. You can design objects that cannot be
made with other printing methods. Digital art gets new meaning with 3D printing. Now, you can
build items that seem impossible. Even geometry ideas can be made into reality and 3-
dimensional figures now.
Compared to regular prototype printing methods, this type of printing is not too expensive. The
materials that are used for production are affordable and the process is quite simple. Actual
manufacturing cost of hundreds of dollars is saved as prototypes can be printed within little
expense of a few dollars using 3D printers.
Before making large investment on mass production, 3D printing the design help to assess the
product and lower risk. You can make the large investment now without any worry as you can
easily alter and redesign the mold. Errors in finished product is minimalized. It basically makes
business idea presentation better as audience will no longer have to imagine the upcoming
product. The exact representation of desired product is provided.
In fact, as production cost is low, cost of mistakes is low as well. You can try printing different
variations of a product and then design the one which is best.
When it comes to manufacturing, flexibility is very important. You can use 3D printers to do
several iterations of your product. As already mentioned, you can test different ideas without
putting too much financial stress on the company’s account.
Even with all of these benefits, the final product will be of great quality. It will be professional
and durable. You can use ABS and PLA materials to obtain real parts like snap fits, hinges,
clearance fits and dove tails which can be tested and fitted.
There is no doubt that this amazing technique of additive manufacturing has completely
revolutionized design and manufacturing process. These are all great advantages and may be it
is time you think about using it.
Posted on 26. Jun, 2016 by Money Cactus.
In this era of Globalization, communication across borders has become increasingly popular. International business and long-distance communication without aid of internet would cost thousands of dollars. Thanks to the technological advancement and introduction of VoIP, now individuals can contact each over the internet at minimum expense.
Voice over Internet Protocol, also known as VoIP, is very commonly used in all industries. You can easily make and receive calls via internet. The convenience and multiple other benefits of this systems are why it is a more preferable option over telephone networks. A VoIP business phone system that has all the features you expect. It can be conducted in 3 ways – via analog telephone adapter, IP phones and Pc to PC.
The process to make long distance calls using VoIP is very easy. Caller has to sign up with the VoIP service provider first. Then, he/she has to collect a local DID phone number and connect with the provided telephone adapter. The next step is to set up the different features and make both local and long-distance phone calls.
If you are still unaware of the features and advantages provided by this technology, or if you are yet to take full advantage of it, read below. The many benefits of using Voice over Internet Protocol have been outlined here.
Allows Greater Access as There Are No Physical Boundaries
Geographically, there are no boundaries for VoIP users. You can call from one end of the World to another end, and still enjoy cheap call rates. This process of communication makes it cost-effective. The system basically enables a person living outside United States to subscribe to a US phone number and pay the local rate.
If you own a company that outsources services from abroad to enjoy location advantages, you can be highly benefitted.
With this system, you and your business employees will get greater access to information. There are no limitations like the traditional telephone system.
Saves a Lot of Money
Shifting to a VoIP system can be the right choice for companies that are looking to cut down cost. It is the right economic decision as it reduces the total amount of money that a company spends on phone conversations.
This alternate method is so cheap mainly because it uses only one physical network. Traditional phone systems need multiple networks, especially when calls have to be routed across overseas network.
It Can Be Used for Much More than Voice Calls
Modern Communication is no longer restricted to voice calls. The VoIP system basically caters users with a variety of ways to communicate.
Individuals and businesses can easily send text, images and even videos to enhance communication.
As employees are now located all over the globe, platform like this one becomes an integral part of the business communication system.
It is impressive how you can send a file over this network even while talking. This basically enhances the experience and makes communication with staff and clients more effective.
Availability of Tele-Work Option
Today, business executives agree that work is no longer restricted to the office space. People can now work from home, moving vehicles and even from vacations. Remote working is a trend now and smartphones make the process much easier.
Tele work is the concept of working from another location. This basically helps maintain work flow and improves productivity.
These are some solid reasons to ditch the traditional phones and choose Voice over Internet Protocol to meet your international communication needs. You will be reducing cost and increasing connectivity. This system offers more features at a lower expense.