Sunday, August 18, 2019

You Can Start A Business Around Whatever You Want. Yes, You. Here's How It's Possible...

Credit - Unsplash

Typically, when we collectively think about a successful business person, we picture
those right at the top. They’re in all of the magazines, and they’re at the top of Google’s
search engine when you type in some business terminology. As someone who
considers his or herself to be a fairly average, run-of-the-mill person in society, you
probably place them on a pedestal and think that type of life is out of reach.


Well, no, it absolutely isn’t. Anyone can formulate an idea and turn it into something
big. Those at the top that have all of the success? They’re just ordinary, average
people just like you. We, as a society, tend to look at these people and perceive
them as superhuman; that they’re just born more intelligent. They aren’t, they just
picked an idea and ran with it until they got what they wanted.


So, if you wanted to be in their shoes, how could you do it? It is pretty difficult, after
all, huh? You have no idea right now, so that means you’ll have no clue forever,
right? Again, nope. The whole world of business is a pretty straightforward thing.
Yes, you might need to pick up a few important bits of knowledge, but the basic
premise is: come up with an idea; work at it.


If you’re here because you’re super interested in making money yourself, and
creating a really good life for yourself, but you’ve never been the most confident in
your own abilities, then hopefully this little post will open your mind a little more in
terms of your own opportunities. A thriving business is not just for certain people;
you can get involved, too. You can come up with whatever you want, and turn it into
an empire. Here is why and how this kind of thing is entirely possible:  


You Don’t Need To Be Part Of An Exclusive Group  


This point cannot be stressed enough. For many, success is often seen as
something that belongs to people that have been through a wonderful education
and are part of a community that is destined for big things. In a lot of cases, it’s who
you know and the situation you find yourself in, but you really do not have to be
in with a particular crowd. A lot of the time, those that have all of the theoretical
knowledge stuck firmly in their heads don’t then push on and do something
about it – they simply use it to bag themselves a safer job. Starting a business
is just a case of doing it and keeping at it. You don’t have to own a good
reputation or have amazing qualifications for that kind of thing.


There Is No Set Way Of Making Money  


Obviously, if you go through the improper channels and do some pretty illegal
stuff, then you’re not doing the right thing. In terms of legitimately making money,
however, there is absolutely no perfect formula. You can bring in a handsome
income however you like. Nobody gets to tell you the perfect way of doing
something like this.


Many Businesses Start Out As Strange Ideas


Some of the biggest companies in the world were once seen as simple pipe
dreams or something that should be laughed off. If you have an idea in your
head, and you think it might come with a lot of criticism or sniggers, then don’t
panic, something can definitely be done from it – you just haven’t figured it out
yet. These kinds of ideas are often brushed aside, to begin with, because people
are creatures of habit; when we see something different, we collectively dismiss
it because it’s unlike what we’re used to. When somebody first pondered that
humans could fly, nobody listened. Now, look at this glorious and necessary part
of life.


It’s a terrible trait, but it’s one that’s seemingly here to stay. Unless it’s constructive,
you have to ignore the criticism.


Help Is Right At Your Fingertips


You have all of the tools at your disposal. A computer and smartphone can teach
you so much, and it’s all free to use (other than the bills, of course). You can learn
an awful lot of general business theory, and specific bits and pieces about your
particular niche in a matter of weeks. If you wanted to start up a family history and
genetic science blog, you could simply get in touch with a professional genealogist
and pick up a few things in a matter of days. You also have the ability to start
something up right now. Picking up a pen and paper, and jotting down a little plan
doesn’t take much money or effort. You and your brain are enough to get the wheels
spinning.


You Can Generate Demand For Anything  

People will want something if you can give them a good reason to. People are
strange like that. Yes, we have necessities; and the demand for that is obviously
not going to go away. But have you seen some of the things people have wanted
in the past? Some of the trends over the years have been downright odd. You can
make people want something quite easily.

Tuesday, July 16, 2019

Money Saving Tips For A Family On A Budget

Starting a family is said to be one of the most expensive parts of life, and with the price of living always increasing a large percentage of parents are finding it more difficult to cope. With the cost of groceries, home bills and many other day to day spends threatening to eat their way through your salary and leave little disposable income, stress can build quickly and leave you feeling somewhat helpless. Luckily, it is possible to save money and stick to a smaller budget, and there are a few top tips that can you help you get started!
Your Weekly Food Shop
The amount of money that you spend each week on food for your family is likely to be one of the most expensive aspects you have to deal with. Eating out at a restaurant or fast food joint should be avoided as much as possible, as although sometimes a burger and fries may seem like a reasonably priced option, cooking your own meals can cost you drastically less. Buying fresh produce in its most unprocessed forms from the supermarket to put together yourself will probably be a much healthier option as well as being much cheaper, as raw foods like fruits and vegetables, tinned pulses and legumes and cuts of meat are generally the least expensive items within the store. Investing in dried forms of food like rice and noodles instead of precooked and preserves will knock a notable amount off your bill, and don’t take as much effort to prepare as you might think.
Sustainable Clothing
Unfortunately, the side effect of feeding your children well means that they thrive and grow at a generous rate. Though this may not seem negative, the issue soon becomes clear when you find yourself out of pocket whilst shopping for new clothes that will fit them properly almost every month that passes. However, there are several ways of ensuring that you don’t have to spend hundreds just to keep clothes on your children’s backs as they grow, the most notable of which being choosing sustainable clothing. Visiting thrift stores and charity shops will provide you with some of the cheapest options available, and most items still have years of life still left in them. Teaching your children not to care about having the latest styles and brands will also help them to save money in the future too, as their priorities will be centered on something more important. Making good relationships with other parents is also a great idea, as you might be able to exchange different clothes without even having to spend a thing, whilst being able to help another family in your same situation.
Professional Help
Sometimes it might take a little more help for you to get your finances in order, but this is nothing to be ashamed of. It can be extremely difficult to keep track of what’s going in and out of your account each day, and it’s hard to be able to figure out how you can stay in control when prices are always increasing. This is where the concept of a financial planner comes in, as they can help you to review your current situation in depth and provide you with the advice and tools you need to start saving money as soon as possible. Being able to set yourself some kind of budget and plan to stick too, you will be able to better monitor the decisions you make regarding how much you spend as a family, and make the right changes to secure a more sustainable financial outlook overall.
Try To DIY
Realistically, some of the services that you fork out cash for each year could actually be completed by you. With information and knowledge at the tip of your fingers (or the tap of a button), you’re only a tutorial video away from being able to start making and mending on your own. Dedicating some time to learn a few new skills could possibly save you a great deal of money when there comes a time that work needs doing; enough to outweigh the extra time and effort it will take you to do yourself. You are also likely to pay more attention to detail as you have much greater care for the job you will be doing, so really it’s a win-win situation.
Hopefully these tips can help you and your family save money and stick to a smaller budget, so that you can invest what you gain more purposefully!

Friday, July 5, 2019

Three Smart Ways to Save For Your First Home

If you’re scrimping and saving for your first home, it can feel like you’re getting
nowhere. But if you have a plan of action, seeing your savings clock up will keep
you motivated. These tips will help you put in place effective strategies to help
you reach that goal in a workable timeframe. 

Photo by rawpixel.com from Pexels

Work Out a Realistic Budget

Before you even start viewing properties, it’s crucial to set out the amount of money
you can realistically afford. Nobody knows your finances as well as you, so don’t
put the responsibility for deciding on your budget onto the bank or your broker. Be
prepared for the bank to offer to lend you more money than you can comfortably
manage month by month. When you’re sitting down to do your sums, remember:
a mortgage is only one part of what you will owe every month. Don't forget to add
your home insurance premiums (which are likely to be a lot more than your contents
insurance if you are currently renting) as well as your council tax, property tax,
estate agent and broker fees… the list goes on. 

Kill Your Debts

The golden rule when it comes to both renting and buying a home is that the total
cost of your housing should stay below one-third of your total income, whether you’re
an individual or a family. But even if your housing costs are kept in check, other debts
like student loans, car leases and credit card debt can sap your remaining income,
leaving you short on cash for other essential expenses. Debt effectively lowers your
income, which should indicate that you need to reduce your spend on housing. This
is not the news you want to hear if you’ve found your dream house and land, and are
saving frantically to buy it. The sooner you zap those debts, the sooner you can up
your budget and secure the home of your dreams. And if you’re wondering why you
would bother paying off debts while you’re trying to save money, remember the
interest fees you’ll be saving once you’re debt-free. 



Calculate Your Required Deposit

Before you have your heart set on a home, save yourself the disappointment of not
being able to afford it by making sure you’ve settled your budget and worked out
how much you need to save for your deposit. Mortgage calculators online can give
you a good sense of what you’ll need to save. A down-payment or deposit in the
region of 20% is standard if you want to skip having to shell out for mortgage insurance,
which is another easy way to lump extra fees on top of your monthly repayments.
That said, if your credit score is through the roof, you may be eligible for a deposit,
as low as 10% without having to go the private insurance route. 

If you’re testing the waters of the real estate market, saving for your first home can
be a harrowing experience. But with a few solid practices in place, you might find
that your supercharged saving efforts are bringing your dream of owning your own
home closer by the day.

Four Interesting Ways to Invest Your Extra Cash

If you’re enjoying a prosperous time and have a little extra money to throw around,
the fun thing would be to buy a yacht—or dinghy—and set sail to Party Island.
The sensible thing would be to invest your hard-earned cash. But where?
These investment options will put your money to work without putting you to sleep.

Photo by Adeolu Eletu on Unsplash

Your Earning Potential

A bit like the weather, the economy exists beyond your control. But no matter what
unexpected events come your way, the important thing to remember is that you do
have control over your earning potential. If you’re treading water in your job, now
would be a good time to supercharge your CV by investing in your career. Putting
yourself through extra training or acquiring new skills is a great way to bolster your
income over time. But if you don’t see yourself pursuing the career you’re currently
in, don't waste your money and effort on training and skills that won't be relevant after
you leave. If you’re going to invest in your work, pick something that will carry you
forward into the future.

Real Estate

While the real estate market is in a bubble at the moment, this shouldn’t necessarily
put you off investing in property. People will always need houses. You are unlikely to
lose out if you can stick with your investment long term and you don’t overstretch
yourself financially. Whether you’re looking into freeholds or house and land packages,
look out for properties that appeal to the aspirational buyer, or homes in up-and-coming
areas, as you stand to make a greater return on your investment. 

Photo by David McBee from Pexels

P2P Lending

Heard of peer-to-peer lending? P2P is a buzzword at the moment for people with
extra cash to invest. Using platforms such as Prosper and Lending Club, you get to
lend money to budding enterprises, just as a bank might. If you have a stomach for
risk, P2P investment can be a bit like backing horses, but if you invest well, the
return on your investment can be over 6 %. Not bad!

The Side Hustle

Doing what you’re passionate about not only makes you happier, but that joy can
be infectious. If you can find a way to monetize a hobby that you pour your heart
and soul into anyway, you could soon have a following of people who love your
product. Getting a side-hustle going requires time and perhaps a little financial
investment upfront, but why not, if you have money to invest? Since you’re not
quitting your nine to five, your side hustle can offer a little extra income without
having to bow under pressure to meet financial targets. This means you’re free to
be playful, which breeds creativity. Next thing you know, your idea or product has
taken off, and you're handing in your notice at work. Whether you’re a scribbler who
tries their hand at free-lance copywriting or a car enthusiast who takes up driving
for Uber, your side passion can improve your bank balance and your quality of life. 

When you’re flush, it can be tempting to blow the money on things you don’t need,
or go the other way and stash it in a savings account. These tips will help you find
a happy medium: investing your money in profitable ways that offer a little
excitement, too.

Friday, June 28, 2019

Altcoins: An Introduction


For many people considering investing in cryptocurrency, the entire endeavour
starts and ends with Bitcoin. Bitcoin is by far the most well-known of the various
cryptocurrencies available, to a point where it has almost become synonymous
with the entire concept.

However, Bitcoin is just one cryptocurrency that is currently available to would-be
investors. If you have been thinking about expanding beyond Bitcoin, then learning
more about the potential offered by so-called “altcoins” can be very advantageous. 

What are altcoins?

As a broad definition, the term “altcoins” generally refers to cryptocurrencies that
are not Bitcoin. Altcoins may work on slightly different technology, but for the most
part, the term is used to mean “alternative coin to Bitcoin”. 

How many different altcoins are there?

It has been estimated that there are over 1,200 different altcoins currently available,
and new “coins” are added all the time. However, just because an altcoin technically
exists does not mean that it is highly used; there is a definitive hierarchy in the
altcoin world. 

What are the most popular altcoins? 

While Bitcoin continues to be the best known cryptocurrency, there are a number
of altcoins that have risen to prominence despite this. These include Ethereum,
Ripple, Litecoin, and Dogecoin.

Why invest in altcoins? 

In many ways, altcoins are best seen as a simple method of diversifying your overall
cryptocurrency investments. Though cryptocurrency performances are often referred
to as if they are a singular market, there can be a significant difference between how,
for example, Litecoin performs on any given day when compared to Bitcoin. It is not
unusual for one cryptocurrency to have a very good day, while another flounders -
and then the next day, the trend reverses. By splitting your investment between a
number of coins, your investment is essentially better protected.

In addition, cost is a factor. Bitcoin is by far the most “expensive” cryptocurrency;
altcoins, in comparison, are relatively inexpensive. This is an important factor,
considering that some experts believe Bitcoin may actually be overpriced, and
altcoins offer a more realistic reflection of the technology behind cryptocurrencies
and the power that they offer. That’s not to say that Bitcoin is not worth including
in your portfolio; it’s just that diversifying your investment between different
coins can help to achieve the best value for money.

Which altcoins should you choose? 

As with any investment, researching an altcoin and establishing its reputation
is always important before choosing to invest. If you are just getting started
with altcoins, then it may be best to stick with the more established coins
such as those we mentioned above. Newer altcoins can be intriguing, but
it is not unheard of for altcoins to rise and fall in a relatively short period of
time, so the “bigger” altcoins can be a more stable choice - though, of course,
researching any altcoin before purchasing is always recommended. 

In conclusion

If you have considered investing in cryptocurrencies in the past, then altcoins
are a viable alternative to Bitcoin that can allow you to spread your funds
while still enjoying the benefits this form of investment is able to offer.