There is a new currency and payment network built by ex-PayPal employees called Initiative Q. The Q currency is currently being allocated for free if you are invited by an existing member. The idea is that if millions of people join, Q could become a leading payment network, and, according to well-known economic models, that means the value of the reward would be around $130,000. The amount you reserve upon signup decreases every day, and each member has a limited number of invites. You can use my invite link here: https://initiativeq.com/invite/Br3w9plhX
You only need to give your name and email address, then your spot is reserved. You don’t ever have to hand the a dime if you don’t want to, so there is no harm in trying it out, in case this does ever take off.
I remain skeptical, but I thought I’d share, in case anyone else is curious.
Whether you’re in financial difficulty or relatively comfortable, chances are you’ve considered a loan at some point. You might be planning a particularly ambitious DIY project, looking to add another room to your house, or simply wanting to add a little cash to the coffers before next payday. All of these are understandable reasons for taking out a loan, but there’s a little more to it than that.
Before you apply for any sort of loan, you should be a hundred percent certain (or as close to it as possible) that this is the right decision for you. Loans are not free money; you’ll need to pay back the amount you borrowed plus interest within a time frame specified by the lender, so there are several reasons you might not want to take one out. We’ve collected a number of questions you can ask yourself before you apply for a loan to make sure that doing so is absolutely what you want.
Is this the right lender?
There are a number of disreputable or shady lenders out there who will attempt to deceive you with sweet talk before slapping huge interest rates or hitherto unseen terms and conditions on your loan, thus creating a much more difficult situation for you than you’d previously envisioned. Before taking out a loan, thoroughly research the company you’re going with as a lender. If it’s your bank, make sure you talk to someone at the bank and go through your circumstances first. If it’s a private company, then research them on the Internet and make sure they’re legitimate. To begin with, try a company like this for your loan, one that’s trustworthy and upfront with you about costs and risks.
Do I need this loan? It might sound silly, but it’s definitely worth considering whether the loan you’re about to apply for is definitely one you absolutely need to take out. It’s no good saddling yourself with monthly repayments if the loan isn’t absolutely essential, or if you’re not one hundred percent sure you can pay it back. If you’re struggling to pay your bills this month but you know you’ll be fine next month, then the loan is arguably essential and you should proceed. If your financial circumstances are strong and you know you can make repayments, but you just don’t quite have the capital to begin that DIY project, then go ahead. If, however, you’re looking to add another room to your house but your finances are in dire straits, then you should shelve the idea of taking out a loan for another day.
What type of loan do I need?
There are several kinds of loans you could look into if you’re after a quick cash injection. Unsecured loans are simply amounts of money borrowed from banks, building societies or third-party companies. They’re usually lower amounts of money because there’s no asset they’re secured against. Secured loans, by contrast, are usually borrowed against your home or vehicle, and because of this, the amount you can borrow is often higher. There are specific types of loans which fall into these two categories; payday loans, for example, which are quick injections of cash with typically quite high interest rates, and logbook loans, which are specifically secured against your vehicle. Make sure you know which kind of loan is right for you before applying.
Can I make my repayments?
This might be the most crucial question you need to ask yourself before applying for a loan. If you know that you won’t be able to make your repayments in the future, then a loan is a very bad idea for you. Not being able to pay off a loan will negatively impact your credit score, making it more difficult for you to apply for more in the future as well as affecting many other fiscal decisions you might want to make. In addition, if the loan is secured against your property or an asset you own, then not being able to repay it might mean that asset is repossessed. Examine your finances very carefully before you take out a loan; it shouldn’t be a means for getting you into more financial trouble, but for lifting you out of it.
What is my credit score like? Counterintuitively, taking out a loan can actually really help with your credit score. If you’ve struggled with repayments in the past, or you’ve come up against problems when repaying a mortgage, you might have a poor credit score. If you’re more financially solvent now, taking out a loan and making prompt repayments can raise your credit score. In addition, if your debt is mostly of one type – credit card debt, for example – taking out a personal loan can add to your “account mix”, raising your credit rating and making it easier in future for you to get loans. There are several services available online for checking your credit score – they’re usually free and the forms take minutes to fill out, so it’s always worth finding this out.
The average Joe is shut out of many investing arenas not because he or she is not part of the elite, but because they simply don’t have the capital. But in the modern world, we all would like to invest our money somewhere smartly. Many people are hesitant, but the reward of your money making more money is far too great for others to miss out on. Sensibility plays a huge role in how we make decisions because behind our wallets are our minds. Some of us wouldn’t mind a high-risk high reward investment plan, but for others, the odds have got to start in their favor. This kind of polar opposite in personality is everywhere no matter how rich or poor you are. Real estate has been and always will be the top dog in investment with the global property market valued in the hundreds of trillions of dollars. So you would think that with so much money floating around, there would be just as many opportunities. Put simply there didn’t use to be, as in truth you had to be rich to invest in lucrative real estate propositions. Not now though as real-world currency plays a bit part instead of running the show.
In an effort to make the real estate industry more transparent and fluid in how it does business. Tokenization is fast becoming the trend to hedge your bets on. Individual and asset management companies are willing to put their properties in the digital realm where there are more opportunities. Tokenization is simple, but because the concept is new, people often freak out and veer away from it as they think it’s too complicated or just a fool’s hope. A property owner can register his or her property with a cloud platform token blockchain. After being accepted by the company whose platform it is, they need to register their wallet in order to get ready to receive and distribute tokens to financial institutions; one of these systems is the i-house IHT Token. The property is then split up into different segments. Smart contracts for each part of the property are issued and then given a token as to what their real-world value really is. On the platform, the owner can track how their property is doing via the asset income display. They may also want to check out who is buying and who is selling via the asset transfer platform. Put into layman’s terms, properties are split up into tokens, and each token has its own value. These tokens can then be bought and sold freely with everyone keeping notes as to what’s going on, so there is absolute transparency.
Where Joe comes in
So now that properties are being accurately valued for each of their segments, this means they get split up. After tokens are assigned to them and then given to financial institutions, they are then sold to individual buyers. Because the properties have been segmented there are differing values to them. This gives the average Joe a chance to invest in a property without having to bust the bank. Rather than being an investor, you’re a buyer owning a piece of the pie without any obligation to hold onto it. As the smart contract can be bought and sold as a token, there is no need to involve a mediary either. Every transaction is open and honest, done on the cloud platform. This makes a blockchain meaning all the data of who bought what from who and for how much is not hidden. As there are many witnesses to the blockchain, the selling and buying is more honest and transparent therefore it invigorates one’s trust to buy. The legal side of investment puts the average Joe off his morning coffee. It’s boring and complicated to many, but in the past, it’s been necessary. However, with blockchain platforms that use tokens as the currency of buying and selling real estate, two birds are hit with one stone. Firstly the token system is actually quite simple to use even if you can’t understand it right away. Then the platform is self-regulated or rather transactions made in the public arena so all those involved, i.e. peers, regulate it themselves. The other benefit is that fact that even people with small amounts of investment funds can get involved.
As the properties in cloud platforms are segmented, parts of a property can be bought rather than the entire asset. This also means that due to the sheer number of investors, token values can go up and thus your token is now turning over a profit. This is the new way of making money and investing in real estate that everyone is watching right now.
Now that everything seems to be transitioning from the physical world to online, you may be considering trying out some cryptocurrency for yourself and joining the millions of people who trade online using this form of payment.
Currencies such as Bitcoin are taking over the online world and are now totally accepted as legal tender in online forums. Because so many people are now invested in this currency, a single bitcoin can be worth thousands of dollars, which is why getting hold of one for yourself could be a lucrative way to make some extra cash. But how do you go about investing in such as mysterious currency? Where does it even come from?
Even though a cryptocurrency is called a currency, it actually resembles a stock more closely. The reason for this is that when you buy a coin online, you are essentially investing our money into the system which creates these coins. As more people invest their money into cryptocurrency the value increase, which is why you will see the rate for a bitcoin change every single day along with the market. The trick is to time your investment correctly and buy a bitcoin when prices are low, then sell it on for a profit when prices rise. Simple, right?
The exchanges are not only a place where we can all trade our stocks, it is the place where we can trade our crypto currencies. These online platforms are used in the same way as other currencies and stocks and will give you the chance to buy and sell a coin when the time is right for you. Coinbase is the most popular and one of the most reliable of the platforms you can use, and it will give you a beginner friendly experience to use for your trading. It will give you an insight into the world of trading cryptocurrency without all of the confusing jargon to rifle through.
When you start trading on a platform you will need to open up a wallet to store your coins in as you go along. Finding the best cryptocurrency wallet is essential is you want to keep your coins safe and allow yourself to trade successfully. It is something which will likely cost you money but it will mean that no hacker can steal your coins once you have bought them. This removes the risk you have for losing your investment and makes sure that you can get the best deals.
If you want to start trading in cryptocurrency you will want to make sure you keep your eye on the trends and also make sure that you save up a decent fund to invest in the currency. If you cannot afford a full coin you can buy a portion of one which will be just as useful to you and which you will still be able to trade online for products. It’s all about taking your time to learn the ropes and only jumping in when you are absolutely ready to invest.
If you are in the fortunate position of being in a buoyant financial situation with a steady wage, a small mortgage, minimal debt and a healthy nest egg, you might be wondering how best to make your money work for you more aggressively. You’re not keen on risking it all in some lucrative high stakes poker game, but at the same time, you don’t want to spend time sitting on your hands as you watch the money in your savings account accruing minimal interest. Amateur investors all over the world are becoming more savvy when it comes to sourcing avenues down which to put their funds.
In the twenty-first century, the Internet has made the financial world a smaller and less scary place for people with a decent amount of disposable income. Nowadays all you have to do is ask Siri if you want tips about how to get into Forex trading or you need to know how the property market is looking for the next five years in your local area. Take a look at how you can make your money work in a more effective way for you.
Bricks and mortar have been the lifeblood of amateur property investors everywhere. There are a number of strategies that you may wish to employ if you fancy taking a little foray into the housing market. Firstly, you must ensure that your numbers stack up. Sure, you have a hefty deposit but have you worked out renovation costs, rental yields and mortgage repayments? Do you have a sound financial objective and do you know how long you want to keep the property?
Many people choose to ‘flip’ a dwelling. They go to a local auction, purchase a home, venture inside and see it hasn’t been lived in for a decade, strip it, fill it with new fixtures and fittings, give it a lick of paint, sell it, and make a handsome profit, all in the space of three months. That’s the dream plan anyway. More often than not, renovations take longer, all sorts of problems can be uncovered along the way, and you are left going over budget. However, if your calculations are astute and you have a well thought out contingency you can make a success of this form of short-term investment property developing.
Alternatively, you might be looking for a longer term investment. By renting out a property, you can cover your mortgage repayments with the rent you achieve. If you are fortunate to have near full occupancy while you own the property, you will have very little financial outgoings and could see your asset increase in value. You need to make sure you stick to landlord legislation and treat your tenants fairly. If you are not letting out your property because you cannot find a tenant or you are doing some renovations, you need to make sure that you can cover the mortgage in the meantime. You may even choose more than one extra property to add to your investment portfolio. By entering into the property developer world, you could see a much more lucrative return on your cash than if you left your nest egg to languish in a savings account.
Stocks And Shares
While the NASDAQ and Dow Jones stock markets were once the domain of the wealthy, the professional investment bankers and the hedge fund managers, novice would-be investors are now trying their luck. While it’s not as simple as heading to the stock exchange after doing your research and trying to buy some shares, there are avenues to explore if you want to get a piece of the action.
Make sure you go through a qualified financial professional with a good reputation for looking after investments. This could be a hedge fund manager, an online stockbroker or a financial adviser. These are the people who can invest your money on your behalf as well as giving you relevant financial advice. Ensure that you opt for a broker who utilizes a FIX engine protocol so that transactions can be completed swiftly and securely online rather than over the telephone. Together with your broker, you can formulate a short term or long term plan based on the amount of risk you wish to take on. The more risk you take on, the more money you stand to make, but also the more you have to lose. If you are planning for your future, follow a low to mid risk option to try and mitigate the possibility of financial losses.
If you’ve never thought about ploughing your money into alcohol, now might be the time to take a closer look. Investing in wine doesn’t mean heading to the local vineyard, sampling a few grape varieties and then taking a case home. Instead, you should be looking a vintage wine from the finest vineyards across the globe. Chardonnays from South Africa, Rieslings from Germany and Beaujolais from France all have specific years where the quality of the grape was outstanding. Being a quality vintage year means that wine becomes collectable. By investing your money in a couple of cases and storing it in a central facility, you are in effect, investing in an antique of the future. As the wine becomes rarer, the value increases. As a long-term investment, you will see a greater return on your nest egg than if you left it in your savings account.
Investing money down a new avenue can be exciting, exhilarating and thrilling. However, it’s also daunting and not for the faint-hearted. You mustn’t opt for just one means of investment, and instead, you need to hedge your bets. Spreading your investment means spreading the risk. An ideal investment portfolio may consist of a buy to let property, a case of wine, a few low-risk share options and a nugget of a nest egg remaining in the highest interest savings account you can source. By investing wisely now, you can secure a healthy financial future for your twilight years.