Money and Technology

Saving, investing and making money with technology

Thinking of long-term investments? Here is how you should proceed

Investments are an excellent way to save and make money. Whether it is investing in gold and real estate or venturing into equity or passion investments, the various methods require one to bear the market risks as he or she awaits a healthy return on investment. One caution many would recommend against the risks the market poses is to invest long-term so that your capital can bear out any fluctuations and post growth over a period.

If you too are considering long-term investments, here are some tips on how to proceed to ensure the best returns:

Research

Smart investment requires in-depth analysis. One needs to be aware of the company’s promising products and strategies. Various comparison websites and other online resources help people understand and analyze investments today. If going for a unit trust or a mutual fund, it is also advisable to look at the fund’s performance over the past few years and check the management fee as well.

Diversify

No matter how brilliant a single option seems, diversifying your capital is of utmost importance – be it through the stock market, bonds, mutual funds, or any other instruments. As a general rule, it is advisable not to invest more than 10% of your portfolio in a single instrument. Diversifying provides the investor protection against a collapse in any particular sector over a long duration of time.

Maintain a balanced portfolio

Every investor wants to stay in the market with minimal risks, and the key to moderate risk appetite is a balanced portfolio. Help your investments generate a decent CAGR with a healthy mix of small-cap, midcap, multi-cap, and large-cap. Take higher risks during the initial years to create a suitable initial corpus and compounding returns can be enjoyed towards the later years.

Do not hurry

Perhaps the most crucial piece of advice for a long-term investor is to take the long view. Trading frequently is a no since the commission is bound to eat into one’s funds. It is equally necessary not to follow the trends and fads and diversify in a smart, sensible way. A lot of investors panic when the market occasionally crashes, but over the years, it is bound to crash some time or the other. Rather than the time to take preventive measures, consider a crash as a buying opportunity.

While age-old investment methods like fixed deposits are still in high demand because of the safety net they provide and some schemes like Bajaj Finance Fixed Deposit also provide a high FD interest rate of 8.40%, with additional rates of interest for senior citizens. You can use the online Fixed Deposit Interest Calculator to check how much you can gain by investing in an FD.

So, while fixed deposits are indeed the way to go for those unwilling to take any risks, people who can afford to stay in the market should go for the other available options. The longer you invest for, the more protected you are against market fluctuations and the higher returns you can enjoy.

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Skills You Must Learn In Order To Save Money

Even though most people who work to earn their living have a clear idea about what they are going to do with their earnings, a majority of them fail in one aspect – savings. Yes, there is that dream amount of monthly savings but so often people fail to meet that goal and end up blaming it on various reasons. Just like earning money requires skills, so does saving money. It is a smart tactic which most affluent people practice without having to come off as a cheapskate. All it takes is some discipline and some skills which anyone can hone with time and patience. Here are some of them.

Hunting for deals

One of the most significant monetary skills you can learn is the cleverness of deal hunting. Not to be mistaken by the occasional browsing of clearance racks at preferred clothing stores, hunting for deals requires a nose for good deals and the experience of an investor. It requires a person to have his eyes and ears open at all times. A small property opening at a sector which offers 30% growth in ten years – tie it down. A noted supermarket conducts fire sales at a certain time of the year – make sure all shopping activities are arranged keeping in mind the annual date of the sale. All of these small factors could not only help a person to save extraordinary amounts on a regular basis, they also get to maintain a healthy level of lifestyle by paying less.

Self management of financial tasks

Learning to manage ones’ finances sensibly helps in saving a lot of money. It can help a person to avoid paying excessive interest on credit cards, dodge needless bank charges and save on other expenses. Learning to comprehend legal or fiscal papers can help people determine whether or not they are taking the finest contract on their mortgage or selecting the top checking account. In order to start becoming a self-manager of person finances, here are the first steps everyone must take –

* Recite the fine print for every bank account. Double check to find a better option at the bank.

* Balance all bank accounts on a regular basis.

* When taking a loan, make sure that only the best offer on the market is getting selected.

Making a budget

A personalized budget can easily be created using the programming language C#. For better insight, you can visit portals like Csharp-Station.Com – a community website for ambitious people willing to make their customized applications. Once the users are able to master functions such as how to execute stored procedure in ASP Net Using C# they can create their own budgets that can be strict and compact.

Learning about investing

Once the savings are on track, every financially ambitious person must sit down with an expert and think about multiplying his savings. Investing is a skill set that is most important for anyone looking to make it big in the modern market.

By developing these skills, anyone can become smarter and wealthier. These skills can be mastered with a little bit of effort, and the rewards can be lost lasting.

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The Best Way To Start Your Own Consulting Business

You know, I remember once, a consultant recently told me “People don’t see a need for my offer.” And they went on to explain that their offer isn’t getting any traction. And that their ideal consulting clients aren’t really interested in it. You know, it’s like they’re fishing for a trophy client and yet no one is willing to take the bait. This is quite a common concern I hear from consultants.

We all should know there are thousands of true professionals that have dreamed about starting their own consulting business. And It seems like a great career path. You know, hang a shingle, bring in clients, be your own boss, do awesome things and make bank.Consulting, as it turns out, isn’t sexy, glamorous, or as easy as it seems. And it can downright hard — harder than you might think. I would encourage anyone with the smart to start a consulting business. But I also offer cautions — a few yield signs that could save you a lot of grief and get you closer to achieving your dreams.

I remember a while back that I was consulting with a client who told me about a sales incentive they ran years ago. And It worked very well. And they broke sales records easily. They were very ecstatic about the great results. I asked, “So, why did you stop running that incentive?” They looked at me kind of puzzled. And they started scratching their heads. Then shrugged. Why stop running a program if it gets you really good results? Why stop investing in something if it provides you with a great results.

Solving Problems

You know, I had a great year, adding close to ten thousand dollars in new revenue, and the business is growing very well. I’ve experienced a lot this year! And I’ve worked with some of the largest consulting companies and consulted for some of the world’s biggest businesses, in America and the World. And when I started to grow my own consulting business I wanted to consult with the best consultants in this business. And I have been working with the best consultants in the business. It’s been a great investment. What a blast, total income online.

And also, if you’re like most people who gives professional advice and or service, you went to business school, or medical school or learned a technical skill. Got a job and started on a career. One day, though, you wondered where that career is going. It’s only a matter of time until you find that no job is secure. You think, is a merger is coming? Then there are outsourcing rumors? Or is technology taking jobs? And then you either quit or your job goes away.Now what? Some people say all you need is a phone and a laptop to go in to business. So you do, and find your first client – usually a friend or colleague.

Effective Diagnosis

But eventually, you got hit with the reality getting other clients isn’t that easy, and that there’s a lot of tasks you were never taught in school. That is, running a business means a lot more than just being great at your special skill. And what’s your business model? And are you no more than a “contractor” … performing hourly services to just a handful of clients because that’s all you can handle? What if you land a large account, but can’t scale up to their need?

Each year management consultants in the United States receive more than $2 billion for their services.1 Much of this money pays for impractical data and poorly implemented recommendations.2 To reduce this waste, clients need a better understanding of what consulting assignments can accomplish. They need to ask more from such advisers, who in turn must learn to satisfy expanded expectations.

 

Recommending Actions

You know, the engagement characteristically concludes with a written report or oral presentation that summarizes what the consultant has learned and that recommends in some detail what the client should do. And firms will devote a great deal of effort to designing their reports so that the information and analysis are clearly presented and the recommendations are convincingly related to the diagnosis on which they are based. And a lot of people would probably say that the purpose of the engagement is fulfilled when the professional presents a consistent, logical action plan of steps designed to improve the diagnosed problem. The consultant recommends, and the client decides whether and how to implement.

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12 Quick Tips to Cut Down Your Monthly Budget

If you want to save money, pay attention to how you’re spending it. Little luxuries like a latte every morning add up fast. But if you’ve been pinching pennies for a while and feel like you’re getting nowhere, it may be time to reevaluate your priorities. These tips provide specific steps you can take to reduce your bills and trim the fat from your monthly budget without scrimping on the good stuff.

1. Plan your meals

After a busy day, the last thing you want to do is more work in the kitchen. But if you plan for quick and easy weeknight meals, making dinner doesn’t have to be a chore. Avoid the take-out trap by prepping your breakfast or lunches for the week, and watch those few dollars a day add up to significant savings over the course of a month. Once you’ve planned your meals for the week, craft a grocery shopping list to keep you on track when you’re cruising the aisles. Also, remember that grocery shopping hungry is a recipe for disaster.

2. Cut the cord

Look carefully at the cost of cable or satellite TV and decide if it’s worth it for your household. Most of the time, you can catch your favorite shows with subscriptions to streaming services like Sling TV or Hulu. Not sure if cutting the cord makes sense for you? This cord-cutting tool will let you select which channels you can’t live without and recommend a streaming package that fits your viewing priorities. Cutting the cord may save you up to $100 per month, so it’s worth a shot.

3. Energy savings add up

Every penny counts, and that’s especially true of energy consumption. You may not realize it, but with a few minor tweaks and changes, you could increase your energy efficiency and save hundreds of dollars per year. An excellent place to start is the Energy Saver Guide published by the Department of Energy. It’s full of tips to help you save money at home, including how to conduct an energy audit, weatherize your home, and choose energy efficient appliances.

4. Plan for big purchases

Need a new car or plan to go back to school this year? Work those big purchases into your monthly budget as smaller line items so when it comes time to pay the bills, you’ll have enough set aside to cover the costs. This system works well even for luxuries and can help you appreciate the effort it takes to afford these items rather than feeling guilty about splurging.

5. Take advantage of discount days

Just because you’re trying to save money doesn’t mean you have to scrimp on the fun. Look for coupons for local activities and entertainment or catch an afternoon matinee to see the latest blockbuster. You can also check out local attractions during free museum day or check online to schedule your next visit for a discount day.

6. Play it safe and stay in

Partying it up at home has lots of hidden benefits, including not having to call an Uber at the end of the night. Offer to play host and have your friends congregate at your place for a potluck dinner party or take turns having a weekly cocktail hour. If you have a large group of friends willing to chip in, you’ll get a change of scenery along with your savings.

7. Clean house

This tip applies to more than just tidying up. Go through closets and cupboards looking for things you don’t use anymore. Sell high-priced items in your local classifieds and have a garage sale to generate a little extra cash flow. And if you send things to a local nonprofit, remember to get a receipt. Those donations may be tax deductible.

8. Get it on loan from the library

You’ll be shocked by what you can get on loan from the library these days. In addition to books, music, and movies, you may be able to check out toys, games, tools, and even telescopes. Also, remember that libraries offer community classes on lots of topics from auto repair to computers to financial advice.

9. Give of yourself

Before you go out and buy a last-minute birthday gift, think about what that person in your life would truly appreciate. Volunteer together at their favorite charity, spend a day picnicking at a local park, or craft something truly one-of-a-kind. Often, you’ll discover that giving your time and attention is a much better way to show your love than any gift money could buy.

10. Repurpose, reuse, and recycle

Buying used is an attractive option if you’re looking for a bargain, and it’s also a way to cut down on waste. Shop thrift stores for clothing and furniture, and consider refurbishing electronics instead of forking out extra dough for the latest technology. That old iPhone may work just fine with a new battery and a little TLC.

11. Look into lowering your monthly bills

Car payments, student loans, and insurance bills can be expensive and may be the largest line items on your monthly budget. Do your research online and work the phones to see if you can find yourself a better deal that will lower your monthly payment. While cutting corners on expenses may add up over time, reducing these bills is the easiest way to get more bang for your budgeting buck.

12. Schedule time for finances

Last but certainly not least is scheduling the time to work on your finances monthly. If saving money is a priority for your household, set aside time to evaluate your spending, draft a budget, and invest wisely. As Benjamin Franklin once said, “An investment in knowledge pays the best interest.

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Print Media and Advertising

The most popular form of advertising apart from word of mouth is print advertisement. Advertising agencies swear by its effectiveness and benefits for the brands.

print advertising

Imparting information:

Print advertising holds a higher ground than any other because of its effectiveness to impart information. TVC and radio commercials have limitations of time and loose the directness of the brand message. Hence, print media owns the leverage in diversity of mediums such as brochures, flyers, news paper or magazine ads. It is reportedly more effective in leaving a lasting impact on its subjects.

 

Long lasting:

Print advertising has another reason for being a favourite among advertising agencies; it is because of its capacity and availability for views, reviews and action pertaining to that. It effectively delivers a more enduring message. A print advertisement can endure the passage of time and makes it easy to record the number of audience and the impact of the advertisement is extracting an action.

 

Building image:

Print advertisement is received more easily than any other medium by viewers. It is more trusted source of advertisement according to recent study. Advertisement in reliable magazines and news paper is subject to better acceptance and response. Transparency is the key to success for print media and most recommended by advertising agencies. It is most capable source to building a company image.

 

Easy targets:

Print media has a benefit of targeting audiences. Unlike radio and TVC one can actually allocate their money and advertise according to the target audiences . mailers, flyers, magazines brochures can be delivered according to work areas and localities that are subject to act on  the advertisement. It is prudent to understand print media according to ones target and budget. Done properly, it can create positive reactions and deliver best results to advertising.

 

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Ways To Manage Your Debt

Since you’ve ended up here, you, or someone you know, probably owe money for back taxes to the IRS and/or the state.

In these tough economic times it could be a lot of money.
Maybe it’s from years of back income taxes, unpaid payroll taxes, or you may have received a gift or inherited an estate and just can’t afford to pay the taxes on it. If you’re a business owner maybe you ended up owing taxes because you were just trying to feed your family and couldn’t make ends meet while setting aside money for the IRS to pay your taxes. Even some corporations face hard times and have gotten into hot water with their taxes.

Nationwide Debt Reduction Services is a debt reduction service provider with ongoing relationship with most creditors. Our team has successfully negotiated on behalf of thousands of clients. While each situation is unique, we have seen outstanding balances reduced up by more than 50%. With this type of reduction, we are able to help you be debt free in a short period of time. We ONLY charge a fee AFTER you have received a settlement. Allow our trained debt relief experts to give you a free, no-obligation consultation. Our team can help you review your debt situation to see if you qualify for debt relief.

There’s no doubt you want to do the right thing and pay it but you just can’t. If you could have you would have by now. IRS agents are probably “on your back”, and it seems there’s nothing you can do to get them off. It could be they’ve “reposed” your vehicles, put a lien on the family home, filed embarrassing public tax lien notices and even put a freeze on your bank account(s). In short order, they’ll be garnishing your wages and leaving you with next to nothing to live on, if they haven’t already.

No Early Mornings or Late Night Calls

You know, sometimes a debt collector may not call you before 8 a.m. or after 9 p.m. (in your time zone) unless you specifically ask them to call during these times. And whatever debt you may owe, you still have the right to a quiet morning and a quiet evening.Keep in mind that debt collectors can contact you by phone, letter, email or via text message, but it’s the calls that are restricted during this time. The Fair Debt Collection Practices Act does not specify any restrictions about receiving text messages, as they weren’t around when the act was passed in 1977.

Take a Look at Your Budget

After you have collected the information about your debts, you should take a look at your monthly budget. Write down your monthly income after taxes and subtract your rent/mortgage payment from this amount along with other monthly expenses such as childcare, student loan payments, insurance, utilities and groceries. And also, once you have subtracted all of your expenses, calculate how much you have left to pay off your debts. If this amount is too small, look for ways to reduce your spending. Consider turning off your cable subscription or carpooling as ways to cut back temporarily. The more you can pay toward your debts each month, the sooner you will be debt-free.

You Must Evaluate Your Debts

We all know Americans have $945.9 billion in outstanding credit card debt, also known as revolving debt, according to August 2016 data from the Federal Reserve. And that means that, based off the most recent population numbers in the U.S., the average American carries nearly $4,000 worth of credit card debt. It’s important to know where you stand before you start reducing your debt, since the amount of debt and the type of debt you have will impact the options available to you.

Start Negotiations

While you are starting to follow your repayment plan from Step 3, you should contact your creditors and lenders to see if you can improve the terms on your debts. You may be able to lower your interest rates or negotiate a reduced settlement on some debts by speaking with the customer service department. It is especially easy to negotiate the terms of debts that are charged off (dismissed) by the creditor or in collections already. Also think about moving some of your credit card debts to new accounts with lower interest rates. Moving a balance to a credit card with a 0% introductory rate for 6-12 months can help you save a lot on interest. Just be sure to keep each of your credit card balances below 30% of the credit limits to avoid damaging your credit score. During this time, investigate if consolidating your debts into a personal loan or home equity loan could help too.

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Artificial Intelligence: The Next Big Thing in Technology

You know, I think it’s impossible to read about technology today without running headfirst into artificial intelligence (AI) and the topics under its umbrella: autonomous driving, machine learning, deep learning, ethics/law/regulation, military applications, healthcare, FINTECH, and even customer experience. At that second level, it’s startling how much one encounters China and its extraordinary investments in artificial intelligence. Chinese advancements are fascinating, but for me, at least, also downright worrisome — what I’ll call my “fascinated skepticism”. Please enjoy the articles below as you head into the weekend.

The Best in The Technology Industry

Blake Rubin is a driving force in the tech industry. He has a natural ability to understand the complexities of artificial intelligence. The major advances in machine learning software began in 2014. This led to software designed for machine learning, new techniques in biotech and breakthroughs in computing. This was the period when he began to establish his career in the tech community. He believes software creating artificial intelligence will become a reality in the not too distant future. His research and expertise on the subject have helped make major strides in the field.

Attractive young man doing some social networking on his phone while taking a break at a smoothie shop

Artificial intelligence is being used in the development of new products such as apps, smart technology, and virtual assistants. This technology is additionally enabling the user to find solutions to incredibly difficult issues. Blake is interested in the field concerning deep learning. This can be defined as processing data with simulated neurons. The main focus of deep learning is imaged because although they are easily understood by humans, it is extremely difficult for software to be given the ability to decipher an image.

And regardless of whether you’re a diehard tech fanatic, always after the latest devices, or a laid-back “average” consumer, if you’re like me, you can’t help but look forward to the tech developments and trends that lie ahead. After a year with surprisingly high sales for smart speakers and virtual reality, as well as the debut of several new phones and tablets, I’ve spent the last several weeks looking ahead to the possible trends that will unfold in 2018.

And also, as a marketer, my perspective often turns to how we can use these new technologies and trends to better communicate and connect with our audiences, but general tech trends hold much more potential than that—they have the capacity to change how we live and interact with each other.

So what will the biggest tech trends of 2018 be, and how will our lives change, accordingly?

AI permeation. Artificial intelligence (AI), largely manifesting through machine learning algorithms, isn’t just getting better. It isn’t just getting more funding. It’s being incorporated into a more diverse range of applications. Rather than focusing on one goal, like mastering a game or communicating with humans, AI is starting to make an appearance in almost every new platform, app, or device, and that trend is only going to accelerate in 2018. We’re not at techno-pocalypse levels (and AI may never be sophisticated enough for us to reach that point), but by the end of 2018, AI will become even more of a mainstay in all forms of technology.

AI will become a political talking point.

We all know that while AI may help create jobs, it will also cause some individuals to lose work. For example, Goldman Sachs expects self-driving vehicles will cause 25,000 truckers to lose their jobs each month, as reported by CNBC.

And also, if large warehouses can operate with just a few dozen people, many of the 1 million pickers and packers currently working in U.S. warehouses could be out of a job.During the 2016 election, President Trump focused on globalization and immigration as causes of American job-loss, but during the 2018 midterm elections, the narrative could be about automation and artificial intelligence, as more working-class Americans struggle to adjust to the new landscape.

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3 Tips for Finding A Mobile Phone That’s Great For Gaming

While most people want to use their mobile phone to make and receive calls and texts, the ubiquity of smartphones have increased the need for even more features on your phone. From social media and Internet access to staying connected with your business needs, people now need more output than ever from their phones. But for those who are looking to use their phones for gaming, you want to make sure that your phone is going to support whatever games you choose to download and play. So to help ensure that your device can keep up with you, here are three tips for finding a mobile phone that’s great for gaming.

Think About Hardware and Software Equally

The hardware and software of your phone are equally important when you’re looking for a device that’s going to be good for gaming. According to Mark Knapp, a contributor to TechRadar.com, you should consider things like chipsets, RAM, graphics chips and more when looking at what a smartphone has to offer you in your game play. Additionally, you should also look for a device that has your future use in mind, meaning that it will be able to last you more than just a few months of play before you need to replace or upgrade your device.

Consider How It Works With Apps

Different phones and operating systems are going to work differently with various apps. Depending on the apps that you’re wanting to download, you’ll likely want to choose a specific type of phone and operating system. To help you make this decision, Jake Peterson, a contributor to GadgetHacks.com, shares that not all phones and operating systems have a great reputation for getting the initial releases of certain apps. So if you’re wanting to get something at its release date, you’ll want to be sure you’re using a device that will be able to support that gaming app.

Prioritize Your User Experience

What it really comes down to is finding a phone that you love and can enjoy playing your favorite mobile games on. This means that you’re going to want to find a solution that allows you to have the best user experience. If having a good user experience means that you’re able to play the game on various devices, Dan Price, a contributor to MakeUseOf.com, recommends going with games for iOS. But if you don’t like using Apple devices, choose Android or another option that’s going to be more to your liking.

To help you find the right smartphone for your mobile game playing, consider using the tips mentioned above to help you make the best decision for your particular set of interests.

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Jim Cramer Views Restoration Hardware as Model for High Stock Prices

If you want to see the hottest financial news that’s trending today, Check out this recommended article below.


ETF Trends•June 14, 2018

This article was originally published on ETFTrends.com.

Jim Cramer, founder of TheStreet and host of CNBC’s Mad Money used Restoration Hardware as the model for a recipe of higher stock prices.

Cramer told TheStreet that the key ingredients for a higher stock price include a robust consumer, a big short position in the stock and sharply better-than-expected earnings per share–all factors inherent in the Corte Madera, California-based home furnishing company.

In particular, Cramer was effusive in his praise for Restoration Hardware CEO Gary Friedman who took over the company in 2001 when it was on the verge of bankruptcy before helping to turn it into the powerhouse that it is today.

“Gary (Friedman) is a remarkable merchant,” Cramer told TheStreet. “His stores are not stores; they’re galleries and it’s exciting and we’ve used a lot of his stuff. Gary has got a vision and he’s got a way to run a company. Congratulations, Gary–you really did it. The stock’s not done going higher.”


Related: Jim Cramer: How to Diversify Your Portfolio
Restoration Hardware is currently trading at almost three times its stock price compared to a year ago. As of 2:00 pm Eastern, RH was up 0.07%.

ETFs with a large percentage of Restoration Hardware are worth a look, including Invesco S&P Small Cap Cnsmr Discret ETF (PSCD) , Invesco S&P SmallCap 600Â Pure Value ETF (RZV) , and First Trust Small Cap Val AlphaDEXÂ ETF (FYT) .

Click here for more equity-related ETF news.

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Hot News That’s Trending Today

If you want to see the hottest news that’s trending today, Check out these recommended stories below.

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