Category: Personal Finance

Personal finance covers managing your money. That can be saving and investing. Personal finance includes budgeting, investments, insurance, mortgages, retirement planning, banking, etc. In other words, it is an entire industry that provides financial services to people and advises them about financial and investment possibilities.

Traders-Paradise gives you comprehensive articles on all these matters. We’re covering all mentioned above but our team stepped forward. Here you can find very useful articles about loans, personal loans, pay-day loans, and why some are better than others.

Traders-Paradise provides you, our reader, full and detailed guides on how to apply for loans, how to improve your bad credit score, how to get out a loan even with a bad credit score.

Here you’ll find all about the process of applying, what documents are required, both for online lenders and traditional banks. So, you can be prepared in advance.

Tredares-Paradise team that has experts in different fields, will guide you, with their articles, trough the personal finance issues and help you to solve them.

We are giving you a key to keep your personal finances on the right track. You’ll learn how to obtain skills that can help you in your personal success or your business success. These articles are all about that but with a concrete explanation of personal money management. How to do that, why to do that, how beneficial it is.

How to Become the Billionaire

There is nothing wrong with being poor. Many circumstances may cause that. Lack of opportunities because of the place where you are living, the poor economy in your country, but anyone should try to change that. Even if you feel you are not capable to run that long way, just make that one – the most important first step. Find the strength to reach what you want. The life you are seeking is the life you deserve.

TP is giving you a few stories about poor people who became billionaires. We want you to know something, they came from nothing. Some of them have a really impressive life story.

So, who they are?

Jan Koum WhatsApp founder

Jan Koum

Jan Koum was born in Kyiv, Ukraine in 1976. He lived in the house outside the Kyiv, without running water.

Koum has memories: “It was so run-down that our school didn’t even have an inside bathroom. Imagine the Ukrainian winter, -20°C, where little kids have to stroll across the parking lot to use the bathroom. Society was extremely closed off: you can read 1984, but living there was experiencing it.”

When he was 16, he moved with his mother to Mountain View, California. They lived in an apartment secured by government assistance. In order to survive, he cleaned floors at a local store.

Koum developed computer skills on his own. In 2009, he co-founded mobile messaging service WhatsApp and sold it Facebook for $22 billion in 2014.

Net worth:$9.1 billion

Ken Langone, Investor

Ken Langone

His father worked as a plumber and mother was a school cafeteria worker. They lived between two paychecks.

But Langone wanted a better life and that desire was supported by his family.

In order to contribute to paying scholarship at Bucknell University Langone worked different jobs. His parents also mortgaged their family house.

In 1968, Langone in associate with Ross Perot took Electronic Data Systems public. Later it was acquired by Hewlett Packard. Two years later, with Bernard Marcus, he started Home Depot. This company also went public in 1981.

Despite his huge business success, Langone still is cautious with his money. He still calls the cable company when he considers his bill is too big.

Net worth: $3.6 billion

Howard Schultz, Starbucks founder

Howard Schultz was born in Brooklyn, New York, on July 19, 1953.

Schultz grew up in a housing complex for the poor.

When he was 3 years old he moved with his family to the Bayview Housing in Canarsie, a neighborhood in southeastern Brooklyn.

A football scholarship helped him to move from Canarsie to Northern Michigan University in 1970.

Schultz found work as a salesman for Hammarplast, a company that sold European coffee makers in the United States. Schultz remarked that he was selling more coffee makers to a small enterprise in Seattle. It was the Starbucks Coffee Tea and Spice Company.

“Every month, every quarter, these numbers were going up, even though Starbucks just had a few stores,” Schultz later remembered. “And I said, ‘I gotta go up to Seattle.’”

At that time, 1981, Starbucks didn’t exist outside Seattle. The company’s original owners, old college buddies Jerry Baldwin and Gordon Bowker and their neighbor, Zev Siegl, had founded Starbucks in 1971. The three friends also came up with the coffee company’s universal mermaid logo.

Howard Schultz joined them. The rest is history.

Net worth:$2.9 billion

Kenny Troutt, the founder of Excel Communications

Kenny Troutt

Troutt grew up in a poor family. His father was a bartender. So, Kenny Troutt had to pay for his own education at Southern Illinois University. He did it by selling life insurance. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. Two years later, Troutt became a billionaire when Excel was sold to Teleglobe for $3.5 billion.

This a self-made billionaire owns WinStar Farm in Versailles, Kentucky. He’s now retired and invests massively in racehorses.

Despite his allergy to horse hair.

Net worth: $1.4 billion

The bottom line

So, how to become a billionaire? It looks there is no universal formula for that. But there is something common for all of them who raised in poor families. All of them wanted changes, worked hard, had a desire to make success. And they were not afraid to take advantage when it came to it. To become a billionaire you must have passion, you must be curious and have opened eyes. In order to recognize the right opportunity. Never hesitate to start this journey. These guys made a success, so why wouldn’t you?

2nd July 2019
Money Management

by Hans Stam

A little off topic but well received within my group how I manage money.

So I decided to put this in writing to your benefit.

Many don’t know where all the money went at the end of their month.

Usually, they have a bit of month left at the end of their money.

Others make a lot of money but always seem to have a shortage anyway.

Some are doing just fine but don’t seem to get ahead in their finances.

The process of Money Management

Here is the process I went through personally.

I had one account at my bank as most people have.

All my money came in on that account and all payments were made from that account.

I started to write down all my expenses.

Then I noticed I was overpaying for some services like my phone, so I contacted the phone company for a better deal and instantly got more than 50% discount. That was my first step in money management.

Same with other bills, I noticed some things I spent but didn’t really need or that could be done differently.

When I had a complete picture of all my expenses per month, I divided it into daily portions.

2nd Account in the process of Money Management?

I opened a second bank account at another bank, and whatever income I had I placed at that central account.

Not only the usual income but also whatever money I got like tax returns or bonuses, etc.

Then I set up automated daily payments from that central bank account to the initial bank account where most bills were deducted automatically.

The way it was set up plus perhaps a few bucks a day was taking care of the bills and it grew a bit every day.

Why another bank?

Anything can happen, and when it hits the fan, you better keep control yourself instead of letting the bank decide for you!

3rd Account?!

Then I set up a third Bank account. I decided on a number I needed to do groceries on a daily bases.

So from my central account, I got daily payments to use for shopping.

Now I knew what was there every day to use and not overspend.

4rth Account!!

I also got Gas money from jobs I do.

So I opened a Fourth Bank account.

Every time I’m getting gas money, I deposit it in that account.

Most times I’m getting more than needed so all other car bills like taxes and maintenance are being paid from that account.

Central Account for Better Money Management

When I did set it up that way, all I needed to focus on was the central bank account and I knew exactly what I needed a day, week, month.

I noticed at first it wasn’t easy but I was determined to get it right.

So then I realized I needed a buffer of 3-6 months based on my daily payments.

I knew what I needed to survive 3-6 months without any income in case something happens.

This has saved me several times as I do not have a steady income.

Interest

I noticed I was paying interest on open balances.

So how did that happen?

I was in need of a car, and that’s a huge sum for most people.

So that had to be paid from the Gas account, but there wasn’t enough.

So I had to loan from a bank, but I paid more due to interest.

I decided to calculate the interest and paid the same interest amount into my central account as well.

Basically, I was paying back the bank, and now also myself.

Over time I needed more money on bigger spendings.

So I loaned from the central account and paid it back from the account I needed it for with interest!

How does that work?

When I saw something in the shops I really wanted to have, I just paid it from the central account to my Groceries account.

Same goes for Gas-account when in need of more cash instantly like buying another car.

Then by the daily income, I was getting on those accounts, I paid it back to the central account with interest.

It also made me aware that at times I did not really have to buy whatever it was I wanted, so it kept me from buying the item.

All I need to watch for is the buffer on the Central bank account to keep my internal economy going.

But before there was a buffer, I took care of small bills that were past due and made them disappear quickly.

Doing that gave me more and more control to work towards my buffer.

Investments as the best way for Money Management

When I wanted to start investing, I didn’t really have much money to do it with.

So I loaned money from my central account, and whatever money went out, I paid back with interest from my income.

So even if that investment was not working out, it was covered by future manageable income, bit by bit.

Whatever the investment did produce was placed back into the central account which also helped to pay off the initial loan.

If the investment made more, I was free to either let it grow or to fund the central account after the internal loan was settled.

When I invested more I considered it to be a separate loan which re-entered the process.

No logic

It doesn’t seem logical to work with your money like that, it seems too complicated.

But what it did do for me was that it gave me control over my bills which all happens automatically and it made me think twice before spending outside the balance on the cards.

So in a way, it made me focus and I know what I have to do next.

If my investments are not providing enough for my buffer, I know I need to get another job and quickly maintain my Central Account.

Anything can happen in life, and I never really valued stability really going day by day without much thought until the day came I got stuck financially.

So through desperation and a whole lot of debt, I decided to set it up to the way I have it now.

And although it did not help me overnight, the action alone to contact another bank and set up the accounts gave me a feeling of control.

It also made me go look for other ways to make an income like another job to maintain the central account.

This got me moving with a plan in action and it has given me many benefits in my financial life.

Back on control

I took back control, and I crawled back from a deep hole which made me an investor and Trader.

Hopefully, you are not facing that mountain of debt in your life and you might not give this a second thought as long as you always have enough, but even millionaires can go bankrupt if they don’t pay attention.

Be wise, don’t let money become a problem where it doesn’t have to be.

I surely hope this off-topic article will benefit you, as money is not everything and it should not control your life.

Yes, we need it, so let’s deal with it and go on with other important things in life.

If you can support my work as a Mentor, please click here for a donation

I really appreciate your encouragement.

Also, any support you like to show through PayPal is very much appreciated!

to your success,

Hans Stam

1st July 2019
Best money apps for 2019
Traders-Paradise presents you the best money apps that we examined, and use.

By Guy Avtalyon

Today everyone is looking for the best money apps. That’s a great help in money management. The principle is the same as before, everything else is nuance. Also, the development of advanced technologies is a great help. We all remember how our parents did that. They didn’t have an app to manage their money, they had to do all alone. Several envelopes “loan” “electricity” “heat” “phone” etc. were usually on the table with slips filled.

The pile of bills and a checkbook on one side, envelopes on the other. And a notebook where they wrote everything they spent. As the envelopes became fatter, the bunch of bills would become tiny.

Today it is completely different. We have apps for almost everything. Also, we have automated payments. So, it is easy to track all payments and where our money goes. So, we can know our net worth in a second.

Traders Paradise came across numerous reviews to find the best money apps. Of course, our personal experiences were valuable too.

So, here are some of the best money apps we estimated. All available to download for Android and iOS, which was the very first criteria. The second criterion was a free download.
- Mint
Mint is a free money app. It comes from Intuit (the creator of TurboTax and QuickBooks). Mint provides you to set up and link all your accounts and cards into one place.

The app automatically classifies banking and credit card transactions and its Trends feature provides you to track your credit cards, spending, cash, net worth. Also, you are able to set your financial goals or payment reminder, bill reminder, or receive suggestions on how to reduce fees and save some money. Mint will signal you when you are going over your stated budget.
Mint has over 20 million users.

The app will automatically classify banking and credit card transactions and there is a Trends feature that allows you to track credit cards, cash, spending, income, and net worth over time, along with the ability to set up financial goals.

This app is available for iPhone or iPad, as well as Android and Windows devices.
- Goodbudget
Goodbudget is previously known as Easy Envelope Budget Aid or EEBA. You can download the free app on iOS and Android devices from the App Store and Google Play store.

This is an automated version of the old envelopes. The idea is to split up your money into digital “envelopes” based on your wants or needs. You can pick from pre-labeled envelopes or design your own.

Start by adding your income and listing a financial “account” like a checking account or savings account, credit card, or cash.
Customize your envelopes.

You should log to your Goodbudget every time you send or receive the money, allocate some amount to each of your envelopes. For example, you allocated $200 per month to your hygiene. Every time you bought something from that kind of supplies you should click “add a transaction”, insert the store name, and the value you spent. That value will be taken out of a certain envelope. And you will see how much you can spend on hygiene more.

You can pick one of two Goodbudget offered plans. A free plan and a paid Plus plan that costs $5 per month or $45 per year. The envelope’s balance is colored: green means you have money to spend, red means you have gone over the budget.
- Trim
This isn’t only a money budgeting app. This app is the best if you have a lot of subscriptions or memberships and you wanted to cancel them. Trim helps you save on all subscriptions you don’t apply that are still cost you money.

This app employs your credit card and bank transactions to warn you of forgotten subscriptions. Trim will load only the transactions linked to subscriptions. Then you will receive a text message with all your subscriptions so you can cancel them if you want.

Trim is a truly assistant. It can send your certified letter telling you aren’t coming to some event. There is no need for phone calls. Also, Trim will negotiate your cable or Internet bill down for you.

It operates with Comcast, Time Warner, Charter, or any other provider.
- MoneyStrands
With MoneyStrands you’ll get prompt access to your account balances, transactions, budgets, saving goals, and more.
All you need to win smart financial decisions today. Moreover, you don’t need to link it with your bank accounts. There is a possibility to do that but it isn’t necessary.
Millennials like it very much. And you have a calendar. Well, it is easier to see when your bills are expected if you have a calendar in front of you. You can set goals and track how much you’ve saved.

This app suits those who need a good money app but don’t like to link bank accounts. When you plan your money you can see where your money goes and save more. You can observe your spending for some time and then rearrange the budget if it is necessary. Also, you can secure your payments on time and never go over the limit on credit card fees.

These money apps are very helpful, especially if you never update your budgeting skills. We recommend you best money apps from our own experience.

Don’t waste your money!
3rd May 2019
Automated Trading – Improve Your Trade
Here are Traders-Paradise’s suggestions for the automated trading software we examined.

By Treaders-Paradise Team

Do you know how automated or algorithmic, also algo, trading can make the profit to individual investors?

OK, let’s start. We don’t want you to waste your time.

But, honestly, we are doing this to not let you waste your money.

How does it work?

What computer program is going to do?

A computer program will follow the share price. That tracking will also, add moving average indicators. Automated trade means that software will place buy and sell orders.

Don’t you think it is a great help?

The automated trade program will help you to block emotional trading. And as you already know, it is very important. Not to trade under emotions and make errors.

We, here at Traders Paradise, think it is a great opportunity to have algo that will trade in your side. Moreover, it will make a true profit for you.

Finding such an automated trading system is a life dream goal for many traders. The one that places orders and guarantees profit.

And one that demands almost no or little input from the trader.

Automated trading means the trader has to set precise requirements for entries and exits. They will be automatically launched by your computer.

The main thing is that you can set requirements in the range from very simple to extremely complex strategies. That complex strategy will require complete knowledge of programming language special for the platform you would like to use for your trades.

What is an automated trading system?

It is the method of employing computers to support a set of established directions to execute a trade.

Producing a profit is in demand and expected. Moreover, with automated trading, it is guaranteed.

Can you expect from humans the same? Of course not.

The main benefit of using automated trade is that you have to do almost nothing. Your automated system will recognize the potential for profiting even before traders who are humans, of course.

Automated trading is very popular among institutional investors, but past several years it is accepted by retail investors especially for investing in the stock.

Although, automated trading platforms are the most popular for the Forex market.

But as you are reading this, you are ready to use some automated program. Your only concern is to find the best automated trading software.

Traders Paradise has some suggestions for you.

We will try to give you a hunch about some automated trading platforms. And we think these are the best in our opinion.
- ZuluTrade
Image source: ZuluTrade website

ZuluTrade is an honored brand in the field of online trading software providers. It runs an online and mobile social and copy trading platform. ZuluTrade is one of the most popular automated trading platforms that you can find today.

ZuluTrade turns the suggestions of experienced traders and automatically executes the trade in your account. You can test it by clicking the button in our navigation bar TEST YOUR SKILLS FOR FREE!

You can choose the program or traders that are best for you.

ZuluTrade automated trading platforms allow traders to copy the trades of successful traders. Also, you can copy signals or full strategies.

This autotrading platform recommended by Traders Paradise grants you the trust to involve in trading. Especially if you are a beginner with deficient knowledge or skills.
- E*Trade
Image source: E*trade website

Power E*TRADE is an innovative platform.

Thanks to it you can improve trading and invest by uniting trading applications directly into E*TRADE.

Its automated platform is reasonably positive. They give access to streaming market data, free real-time quotes, also the market analysis. The user interface is smooth and simple to operate. For instance, using their dashboard, you can follow accounts, build a watchlist, and execute your trades.

More about E*Trade you can read HERE>>>
- Wallstreet-forex robot
Image source: WallStreet Forex Robot website

If you want a fully automated trading experience, try WallStreet Forex Robot 2.0 Evolution.

You should check the robot’s latest performance on real money accounts.

If you follow all their instructions your success is guaranteed.

The entire system is smooth-running.

You’ll enjoy the latest version of the program.

This high-grade program has a lot to offer advanced and new traders.

The program involves a Broker Spy Module.

This module is created to protect the trader from scams and unethical brokers.

The main advantage is the program works by automatically scanning for new updates and settings.

Moreover, you don’t have to worry about restarting the robot. This is a great feature.

This new program doesn’t allow the scam broker to fool the software using methods such as delayed order executions and spreads.

The software will monitor for broker movements and investments all time and can easily recognize a scammer, 24/7.

The main features of automated trading software

The risk associated with automated trading is high. It can cause large losses.

Automated trading software is created to perform real-time all market data.

It must have a connection to multiple markets.

The software should have feeds of different formats or to go with third-party data vendors and give it in the same format.

Latency must be decreased to the minimum.

In today’s vibrant trading realm, the initial price quote can be modified various times in only one second.

Automated trading offers quick and timely access and full adaptability to your needs.

But before you enter algo trading you must understand and have the full experience of trading software. The best way to do so is to test it on a free demo account.

Don’t waste your money!
7th April 2019
Digital work: A bright future or a fatal fate

3 min read

Most digital workers work from home

Digital work is an idea that has become a crucial subject of debates within the area of the economy of the Internet.

Living in nowadays, you can find just a few jobs that you can do without including the word “digital”.

In the most general sense, it would mean that you are doing something that is in connection with the Internet.

Digital work is not only for those who grew up with the Internet but much older take such jobs. So we are more and more likely to be able to digitally freelance, all collectively.

General unemployment, high unemployment rate, and bad living conditions are the main reasons. Even if you have a job, relatively solid, salaries can not grow up to half of the rate that boosts the cost of living.

The employer can exploit you as he wants because if you refuse to work, there is someone who will. All of this has shifted us to the necessary creative thinking about employment.

We spoke to Janne. She is a freelancer and digital worker.

The thirty-five-year-old woman had the opportunity to choose a classical “steady job” in a family business. She would have conventional working hours, from 9 am to 5 pm. But still, Janne chooses to combine freelancing and regular work for now. As a freelancer, she deals with media and events management.

“The question that I hate is: what are you doing for a living? The answer is complex because it involves the history of my vocations and non-formal education, as well as a mix of regular work with working hours and freelancing. I like to explain to a freelancer as a lancer. In essence, you always have a lance in your hand. And you have a bow and arrow continually and you are looking for your targets, “says Janne.

For her, the regular working time always was synonymous to monotony and killing of freedom. Then she went to the labor market. Actually, she signed up on one of the platforms that provide freelancing jobs.

Most digital workers, however, mostly work from home.

Digital work from home

So far, you probably know people in your area who get up at five in the morning to hold English Japanese and Chinese lessons through Skype.

Or you know some web designers, developers, or just people who fill up some charts or excel to pdf for the clients.

They are working over platforms such as UpWork, Freelancer, People per Hour and others.

All these people are freelancers and digital workers because, for all the work they do, they do not need to do anything offline.

So, what is digital work?

It involves carrying out a series of gigs. All without indications of long-term employment. These gigs may be English lessons for the Chinese, or essay writing to American high school students but also the more complex tasks. That kind of jobs requires that you are actually educated and skilled. These are jobs in the field of IT, writing and translation, sales and marketing, advocacy, financial, consulting, etc.

Since everything is going virtual, over the platform, they somehow take over the role of the employer. They can issue the modes for doing business. Majority of them, act as economically active profit-making entities. Hence, they decide who and under what conditions can be engaged, or stop working, and, ultimately, perform bookkeeping functions. However, the disadvantage is that the platforms do not offer the opportunity to establish a working relationship.
But it is an advantage at the same time.

If you want working freedom it is for you.

The development of online digital work platforms caused one of the main alterations in the world of work in the last decade.
More and more people, especially young, pick to forego conventional jobs and start a freelance business. That provides them more freedom to build a lifestyle they love.

When the majority think of freelancing, they see jobs like writing, web designing, developing, IT programming, editing gigs.
Those fields are full of chances for all people who want to work from home. It can be on a full-time or part-time basis. they’re far from the only occupations that lend themselves to the freelance life. You can do whatever you want but you must be skilled and have a good education and knowledge.

And you have to be digital educated.

Digital work requires education

That’s imperative.

Modern jobs require a certain level of digital competency. More than it was the case five years ago.

For example, marketing. It is now mostly a digital job. You must have digital skills for almost all parts of this work. Or writing. There is the same situation. Moreover, it isn’t enough to know how to write and do it like an expert. There is some other knowledge required in order to be among the best-paid writers. For example, you have to be familiar with WordPress, or you must know SEO writing, and for some of the writing jobs, you must have other digital skills.

What is freelancing?

A freelancer is self-employed. Such expert offers assistance to clients. However, they can give their assistance straight to clients, without third-party included. But the majority of freelancers use some platform as intermediator.

Almost every kind of co-operation or assistance could be given by a freelancer.

How much you can be paid as a freelancer

Freelance pay differs depending on the skills they have to offer.

The knowledge and the business you’re targeting very often will determine your paycheck.

Generally speaking, digital workers can earn from $1 to $100 per hour.

The best paid is website coding, accounting, then virtual assistance, writing, etc.

Advantages of digital work

It is a good way to make extra income.

You can begin immediately. Of course, as soon as you find a client.

You have freedom over work.

Digital work allows you to work from every place over the globe.

Disadvantages of digital work

The new digital workers and freelancers are paid low. The downside is that it requires some time to be paid full-time.

Work can be random.

When you have several clients and projects managing all of them may be pretty tricky if you don’t have excellent organizational skills.

The bottom line

However, with all the defects, you can earn more money through digital work. For the freelancer’s average salary is about $1,000 per month. Among digital workers, the highest salary has the IT sector with an average of $2,000 per month and with full-time engagement.

But the most interesting for our research is that there are gender differences in income. More than 50% of female freelancers earn $500 per month. As a comparison, more than 50% of male freelancers earn $900 per month.

But it is the reflection from the rest of the world. Women are more represented in sectors that are traditionally less paid and pre-defined by prejudice as female jobs.

Don’t waste your money!

risk disclosure

4th April 2019
Start Investing with $100 and Make a Fortune

Start investing with $100 only is possible, here is how to do that.

By Guy Avtalyon

You really don’t believe it’s possible to start investing with $100? I’ll show you how is possible. Are you wondering about making money on the stock market with only investing a 100-200$?

Start investing with $100 may sound tricky, but it isn’t impossible. The fact you don’t have much money to invest shouldn’t stop you.

Yeah, I know!

Starting to invest is challenging anyway, but even more, if you think it is impossible to start investing with $100. When you jump over that difficulty, investing is pretty easy.

Don’t be scared! It is very possible to invest with a bit of money and profit yet.

Honestly, $100 is not some kind of limit. You can invest even less.

Don’t think that investing requires a fortune. If you already have a fortune why should you want to start earning?

How to Start Investing with $100?

This is the place where it becomes a bit complicated.

Discouraged at the first step? Just be patient and continue your reading!

Yes, one of the significant puzzles with investing with a little money is that broker’s fees can be expensive.

For example, if you buy one stock, some brokerage can take off from your account up to $20. So, you would have only $80 to invest.

When you start investing with $100, your first step is to open an investment account. For that, you have to find a good brokerage firm.

Don’t let anyone discourage you. Brokerages are like banks. But there is a difference, the brokers are concentrated on holding investments.

In order to help you more, we will give you a list of the best and most cheapie brokers.

* 1. Zulutrade

* 2. Wallstreet-forex robot

* 3. TradeInvest90

But we rather go to talk about the ways to start investing with just $100.

This is the place where the fun begins.

Where you can get help?

For example, from automated robo-advisors.

Why?

The answer is as simple as that. When you want to start with $100 or less, you wouldn’t like a big broker fee.

Robo-advisors afford online automatic investing assistance.

The computer performs everything. Your obligation is to put your risk tolerance and your aims. That’s all!
The computer will select an investment that is meeting your goals. It will recognize them upon your inputs.

And do you what is the best part of robo-advisors?

There is no account minimum. You can start your investment without fears.

Actually, there are some robo-advisors that will request, for example, $5 balance or you have to pay $1 per month because of your account worth under $5,000.

But you should never take this as a setback.

Investing stocks getting started

Also, you can start investing with $100 and buy one stock of some company that pays the dividend.
What is the formula here?

When you buy a dividend stock, you can re-invest them in more stock. In this way, you will expand your portfolio. Moreover, you will not drain your account. You will earn more and more.

Also, you can buy individual stocks.

With just $100 you might not be able to buy a lot of stocks. But here is the trick! Choose one right stock! That will bring you money in return. For that purpose, you can find some discount broker. A lot of them have research tools, very helpful to find the right individual stock.

Open a savings account

That can be a safe investment. The advantage here is that the savings account is secured at a bank and guaranteed by the FDIC if you are US resident.

If you open a savings account it will provide you interest. So, we can say you started investment.

Not, quite, but still.

That interest is lower than you could earn with real investment but you will have some income. Try to put $100 every month on your savings account, with an interest rate of over 1.50 %, after 40 years, you will see. Compound interest will do its job.
Moreover, it is almost impossible to lose money in the savings account.

Remember, happiness follows fearless people. So, don’t be afraid to start investing with just as little as $100. The main reason to invest is to increase your wealth.

It will not come overnight. Well, maybe it will but it is better not to count on it. Let time work for your benefit and on your side.

Don’t waste your money!

2nd April 2019
Millennials – Five stereotypes about them

3 min read

Millennials, also known as Generation Y or Gen Y, are the demographic group following Generation X and preceding Generation Z.

The results of the survey showed that 59 percent of people aged 18 to 34 years of age consider their peers egoistic, 49 percent that they are useless, and 43 percent greedy.

Only 36 percent of the millennials stated that members of their generation are hardworking, and 24 percent are responsible.
Is that right?

Generation Y is often characterized as a group of young people who are lazy, irresponsible, and who expect to be served almost for nothing. A survey by the British magazine Guardian suggests the opposite, indicating that stereotypes about the millennials are largely ungrounded assertions.

A lot of articles have been written about what the millennials have ruined.

This is the generation that changes the world by not agreeing to a job of 9 am to 5 pm, to conventional jobs.

They are shaped by the fact that the state did not provide the job for them as it was normal for older generations after the education.

Contrary, they are working in a world that is in ever-increasing debt.

But all of them were born in the period from 1980 to 1997. Today, they are a majority of the working-age population that is increasingly taking over the labor market and imposing his rules. And these are the ones that the older generations call “the youngsters”.

What are myths about millennials and their business habits and how correct are they?

Prejudice about Generation Y is not rare.

For example, they are spoiled, lazy and dependent on technology.

It’s important to know these prejudices, whether you are millennials or need to employ them.

Let’s break down some of the prejudices.

All the millennials are the same.

Although it is quite easy to identify some common values and habits among the millennials, the fact is that their number is so large that any generalization at the start must be wrong.

Even marketers who target millennials are always choosing subgroups within this generation.

Millennials are not all the same

That can vary drastically!

The millennials are equally, a guy with 24 who lives with his parents and drink in front of the drugstores, as well as the successful 36-year-old CEO.

That’s why, in the first place, they should be viewed as individuals, not as homogeneous groups of people of certain generations.

Millennials are lazy.

The fairly widespread prejudice of the millennia is that they want higher and better status. And much before they earn them and without any efforts. Besides, many are ready to say, they are not prepared to do as much as necessary to achieve the set career goals.

Personal development is goal 1 for Millennials

However, research once again shows a completely different picture: the majority of millennials said that learning opportunities and personal development are extremely important. That means they are not passive or spoiled lazy people, which is often assigned to them.

The Millennials are disloyal.

This is one of the more prevalent prejudices. The millennials are not loyal to the companies that employ them and that’s why they “jump” from work to work.

In reality, research shows that Generation Y stays longer with their employers than Generation X in their ages.
So, back off!

The millennials are inert.

You can hear they are satisfied with themselves and therefore do not perceive the work as a struggle.
Reality shows a different picture.

Many of them have student loans, and they are often poor because they work badly paid jobs or are unemployed.

They have average less income than two previous generations in the same ages.

This means that many of them are willing to work to provide economic benefits. This is supported by the fact that 59% of the surveyed millennials said that competition was the only reason why they got out of bed in the morning. This option was chosen as the most motivating by 50% of Baby Boomers, born between 1946 and 1964.

Millennials only deal with the digital world.

Although you certainly know at least a handful of fully digital-ignorant persons under 35. The fact is that 98%of millennials aged 18 to 24 have smartphones and are familiar with digital technologies.

Millennials deal with the digital world

However, this does not mean that this is the only world they are dealing with.

When it comes to learning new skills, Generation Y prefers live contact, rather than via the Internet.

It is certain that this is not the end of the list of prejudices about the millennials.

To observe the whole of this group of people as homogeneous at the start is a serious error in the mind.

That’s why every person, whatever the generation belongs, should be observed as an individual who has his own characteristics and things in common with his generation. That may not necessarily determine its qualities but it will help you to understand them.

Millennials and their finances

Generation Y makes up a significant and growing percentage of the workforce, and it is estimated that by 2025, they will make up about 75% of the total workforce.

Millennials are overflowed by debt

The majority of millennials are overflowed by debt.

The big expense of education takes to significant debt. Some surveys show that more than 70% of millennials have at least one long-term debt.

The same source point that 30% have more than one. That may be student loans or revolving accounts. Also, Generation Y has unpaid medical bills.

All this touches millennials’ capacity to handle their outgoings. One in four, meaning 25%, has overdrawn their checking account in the past year. In the same period, 23% withdrew the money from their retirement accounts.

“Young adults may not understand how taking money out of their retirement accounts now has an exponentially negative effect on account balances in the future,” says Ted Beck, former president and CEO of NEFE.

Our question is, did they have some other possibility?

There must be some ways to earn money.

According to this research, the majority of Generation Y feel they have significant debt and they are generally disappointed with their financial position.

The fact is that paying off debt ASAP is the priority but how to do so if there is no steady paycheck?

Rising a career is a difficult and individual path.

We heard it so many times: Generation Y should think about long-term possibilities.

They have to find a solid career that will produce the income to finance expected goals.

How? Where?

Many of millennials are already in high corporate positions. But the majority still have a problem to handle their debts.

Maybe this can be the solution.

The early ages are a good period of life to save for major purchases.

Do you want to know how?

Don’t waste your money!

risk disclosure

31st March 2019
Forex Broker – What is it?

When you decide to trade the forex market, so you’ll need a Forex broker.

By Guy Avtalyon

But what is a Forex broker?

Let us explain this. That is a company that monitors and advises investors on current conditions in the forex market including conversion rates. Forex brokers may also provide a trading platform and other brokerage services for traders.

A forex broker is a company that buys and sells currencies on behalf of retail traders. It usually does through a forex trading platform. Like stockbrokers, they charge a fee in order to execute orders placed by their clients. It is regularly in the form of a spread instead of commission.

But, unlike stockbrokers, forex brokers place trades in the OTC market instead of on an exchange.

What is the forex broker’s role

A forex broker is a mediator that executes the transaction orders on behalf of his client as we said.

They are called intermediaries. Their job is to intercede between the market, on one side, and investors and traders on the other.

What is the forex broker’s tasks?

– to provide customers the market prices of the various financial instruments, through trading platforms or in some cases, by phone.
– The broker has to find a counterparty in order to satisfy the transaction request received from the client.
– Also, the forex broker has to send to the market the trading orders executed by his clients.
– Such a forex broker has to return information about the order outcome if it has been executed or rejected.
– Some forex brokers also act as governing agents. They calculate and pay taxes for the trader on the realized capital gains.

The forex broker operates as a middleman between the trader and the market.

In simple words, in order to find a buyer or a seller of currencies, the trader can go to a broker and find either a respective seller or a respective buyer.

Here you can find respective broker>>>>

Forex broker is not just the middleman between traders and another buyer or seller. Forex broker is also the middleman between traders. That is called a “liquidity provider”.

How to interact with a forex broker?

In its original sense, a forex broker is someone that you phoned in order to buy or sell currencies. But, the development of the Internet allows you to communicate with a broker through a trading platform or trading software.

If you are looking for a trustworthy, regulated broker, please check out this>>>

Retail Forex

A key concept for modern individual traders is retail forex. Traditionally, foreign exchange has been traded on the interbank market by larger clients such as banks and multinational corporations. They need to trade currencies for business purposes and hedging against international currency risks.

But, retail forex is the forex that is traded through dealers, often by smaller or individual investors. These firms are also known by the term “retail aggregators.” This became popular in the late 1990s with the development of internet-based financial trading. That allows smaller traders to get into markets that were before confined to businesses and financial institutions.

A retail forex broker allows traders to set up an account with a limited amount of assets and let them trade online through trading platforms.

If you are looking for a trustworthy platform, check out this >>>

Most trading is done through the spot currency market.

Forex trading is popular among individual traders because brokers have offered them the chance to trade with margin accounts.

These allow traders to borrow capital to make a trade and multiply the principal. They use it to trade by large amounts, up to 50 times their initial funds.

The brokerage industry means extreme competitiveness.

Even among those companies, the competition is extremely high. Picking the right type of brokerage house is a difficult choice.

How about the things retail traders need to know before deciding the broker to use? What are the conditions that make a good broker and what would be a perfect Forex broker?

Find HERE>>>

Honestly, choosing a Forex broker should be a simple process. Traders should not end up spending a lot of time looking for the right broker. Forex brokers offer an essential service for markets, especially for retail forex traders.

With an internet connection and a computer or mobile phone, traders can now open an account and trade in a market. Brokers also offer services that can be valuable in assisting traders to understand price movements and potentially make profits.

Don’t waste your money!

20th March 2019
Economic Downturn – How to Prepare

2 min read

Foretelling an economic downturn can seem as mystical and convoluted as reading the horoscope charts. However, financial experts are warning that the economic winds are changing.

There are some economic indicators causing financial analysts to prognosticate slim financial time. First, economic growth is postponed. The rate of salary increase has stagnated. As the economy continues to slow down, consumer interest rates will rise and investment earnings will lose momentum, possibly even losing money.

We have to be honest, there’s no magical way to predict just how bad things will get. Anyway, burying the head in the sand is a terrible idea. Here are a few things you can do to protect your finances against the coming economic downturn.

Dow Jones Industrial Average Market index

When the storm is approaching, the first thing you do is preparing your home for that attack. You cover windows and surround your home with sandbags. An emergency fund does the same thing financially. It’s the added layer of protection that can assist you when the economy drops. Also, it provides you a fighting chance to protect what you’ve increased.

Grow your emergency fund

The emergency fund is anywhere from three to six months’ worth of daily living expenses. During the meager economic time, you want to have more than the standard recommended amount.

Under normal circumstances, the average period of unemployment lasts roughly three to six months. But experts assume that number is sneaking and could double in an indolent economy.

To be more clear, when it comes, you have to plan

To be unemployed at least one month per every $10,000 you earn. So if you earn $80,000 a year, you should plan for unemployment that lasts at least 8 months. This formula is a great measure in helping you discover how much you need in your emergency fund.

Balance your budget and allocate debt

In anticipation of a natural disaster, people buy supplies and lasting food items. Balancing your budget by reducing expenses in preparation for a financial collapse follows the same principal.

Your holiday and home renovation may have to pause. The key is to prioritize your expenses. You have to recognize what you can skip. Also, you have to stop living on overtime, bonuses, and side-gig money. It is better to put that money into your emergency fund.

You must be focused on quickly paying down debt. Get rid of some of your smaller debts fast. If you reduce debt, you owe less and have more money at your control. It can be your care package during a downturn.

Increase professional skills

This is a nonfinancial thing. Let’s say you have a primary job, but you also have a bunch of hobbies. These things can be turned into job opportunities.

Take time to renew your resume and hone or add to your skill set. There are a lot of companies out there offering training.

Take those opportunities now, don’t hesitate.

Evaluate your investment portfolio

The stock market usually becomes extremely volatile during an economic downturn. Financial experts recommend not to remove your money off an investment while you panicking. Fear should never encourage your decisions.

Look at your investment portfolio now. Try to find if there are any additions you’d like to change. Generally speaking, risky funds will probably lose money during a downturn. But truth is, they also rebound instantly during an economic restoration. Safer investments may not lose a lot, but you will not earn much too.

One method or investment technique isn’t superior over another. They all have pros and cons. The key is to evaluate yourself. Do you have a weak stomach? If so, go with something less risky. But if you’re convinced you can manage the turbulence of a risky investment, stay seated. Don’t forget to take financial advice before you decide, anyway. And remember, the knee-jerk attitude is the fastest way to lose big when it comes to investing.
Stay in control!

The bottom line

These are just a few of the small steps you can take to prepare yourself and your family for potentially difficult times, for the economic downturn.

The economy has been expanding since hitting bottom in mid-2009. That makes this recovery three years longer than the average growth cycle since 1945. If it reaches 10 years, it will match the record for the longest expansion. We have a few months to see that.

Maybe the slow pace of the recovery will allow it to run longer than usual. The odds of it ending get stronger as time goes on.

risk disclosure

22nd February 2019
Managing Money Online – How Difficult It Can Be?

Managing money online can be troublesome. It is smart to use some app to work for you

By Guy Avtalyon

Managing money online can be a tricky game. Cryptocurrencies, often associated with “geeks” or with those who want to get money quickly, have become a popular form of payment.

According to a recent report by Kaspersky Lab, every tenth user (13%) has used crypto for purchases so far. However, cybercriminals also accept this trend and increasingly target crypto-markets. By transforming the old threats, these new scammers attack investors.

Kaspersky Lab examined the habits of 12,448 consumers in 22 countries.

The crypto users are at constant risk of losing their savings stored through this technology. The hackers develop sophisticated techniques for accessing others’ finances. There is an increasing number of companies offering cryptocurrencies as a payment method, where they are now accepted by both retailers and, for example, food stores.

Interest for crypto is raising, and even major sports teams are joining on crypto-exchanges. However, people show more interest in using cryptos for investment as well as for spending money. Hence, their digital assets are increasingly subject to theft. Incidents, where stolen digital tokens worth nearly $ 530 million, are known.

Managing money online

Visiting the favorite online retailers is fast growing the most comfortable way to make must-have shopping. Their advantages are fast-tracked delivery, exclusive discounts, and free returns. This made online shopping an interesting and vital part of the present life.

It’s determined that three-quarters of us have shopped online. Even browsing for goods has become a popular pastime.

Frankly, all of us are doing it when we are on our breaks, traveling to work, or sitting in front of the television.
The e-commerce boom has made it easy to spend money online. You can buy almost everything online, from groceries and gifts, clothes, through to paying service providers, or buying a yacht. The opportunities are infinite and the variety of payment options is expanding.

The image source: kaspersky.com

The majority of retailers are encouraged us to use whatever payment method we prefer. Of course, in order to stop us from moving elsewhere. From credit card transactions and bank transfers to cryptocurrency, subscriptions, and loyalty points, we can pay for assets and services in more ways than ever before.

A large-scale spectrum of payment options offers us both choice and flexibility. But it also gives us the difficulty of protecting our financial details in various areas.

Kaspersky Lab figures suggest that 60% of consumers are worried about online banking fraud. The majority of people having various online shopping accounts, digital wallets, and login credentials. So, it can be a big challenge to hold everything in order and remember every PIN, password, and code.

Nowadays it isn’t so easy to stay in control.

Some of us have the problem to remember the email address we used to register with a particular service.

Kaspersky Lab has uncovered how people manage their finances online. They examined their attitudes toward financial cyber threats. In detail, how safe their money is, and how they value it against the security or other sensitive information.

And they revealed the risks people are prepared to take when making transactions online. What do the people do to protect their credentials to avoid their hard-earned money to fall into the wrong hands?

Is our money safe?

Online shopping now is standard. So, cybercriminals are ready to take advantage of those who fail to protect themselves online. You can’t even imagine how vulnerable our financial information is online.

For example, in October 2018, American HSBC customers’ account details were accessed by hackers through an advanced breach. That was affecting hundreds of thousands of people. This is a great example of how important is to take control of our own security and not relying on others. No one will keep our information safe as we can do it by ourselves. What can we do ourselves to minimize the chances of becoming a target?

Trying to write down your financial credentials puts you at risk. Writing a credit card PIN in a notepad, or saving a bank account passcode on a laptop, could expose you more to attack. Hence, result in monetary losses.

Kaspersky’s survey revealed that a fifth of people (20%) still rely on their smartphone or other devices as a way of noting down private banking information. This is the potential to fall into the wrong hands.

The image source: kaspersky.com

How to remember all our passwords

Kaspersky Lab found a third of people (31%) still struggle to remember their online banking credentials, admitting that they have either forgotten them or do not even try to remember them.

Signing up for subscription services is also incredibly tempting. Because it gives us the opportunity to quickly access our favorite television shows, movies, and products. The registration is easy, but it can become very tricky to track spending. 32% of people who answered the survey do not always remember every service or automated payment (direct debit) they have subscribed to. Signing up for two streaming services, a few magazines, and a gym plan can quickly lead to costly fees from multiple brands.

Password panic when managing money online

Kaspersky Lab statistics show that more than half of people (52%) are worried about being vulnerable when buying products or making financial transactions online. This result means that a small number of them would prefer if this could be done more securely. The survey also revealed that nearly half of the people (46%) would like to pay for goods online more often. All they need is a reliable protection for these financial transactions.

A third of shoppers (32%) revealed that they had a financial incident in the past year. This left many of them (26%) out of pocket. As we all know from personal experiences, they were not compensated by any payment provider or retailer involved.
The good news is that the strong majority of people (83%) believe the most important thing is to set a strong password for online banking, speaking about managing money online.

Bottom line

Managing money online, keeping expenses in order, and planning a budget can be tough. You can use personal finance sites that do everything from tracking your spending to helping you get out of debt to managing your bills for you.
Best of all, if they’re all free.

13th February 2019