#financial future

[feminineinvestor]

[learn-with-whiteboard]

9 Priceless Lesson you can learn from Robert Kiyosaki

[femininefreak]

Becoming poor is not an event. It is a process. Like a plane crash, poverty is rarely caused by one thing going wrong. Usually, it is a series of misfortunes—a job loss, then a car accident, then an eviction—that interact and compound.

Why millennials are facing the scariest financial future of any generation since the Great Depression.

[justthemoney]

Bitcoins (and other cryptocurrencies): Some Different Angles

We’ve heard a lot about Bitcoin millionaires, people losing their lifetime savings, money laundering, mis-selling, fraud and freedom from/lack of regulations.  However, here are four slightly different angles on the subject.

1) The Lloyds Banking Group, which includes Halifax and Bank of Scotland, has stopped allowing purchase of Bitcoins via its credit cards.  Some may question its moral right to do so, but Section 75 of the Consumer Credit Act allows some card holders to claim a refund from the card provider because they are (wrongly in my view) held jointly responsible for the purchase.  It is, therefore, very much Lloyds’ moral right to make this decision.

2) The main lesson from previous “investment bubbles” is not so much that a particular investment is bad.  It is that investors should diversify their holdings and not over-commit to any one type of asset, especially a risky one.

3) Until now, it could be argued that the worst that could happen is the loss of the money “invested”.  There are now financial futures with the selling point that purchase is being made through an established financial futures exchange instead of an unknown seller.  The potential problem is that of gearing.  For example, if Bitcoin doubles in price, your financial future may quadruple.  But, if the value falls to zero, you may have to pay out further money.  Naturally my advice is to avoid such instruments.  However, if you do use them, get it in writing on headed paper that you will never have to put in more money if you do not wish to.

4) There is a surprisingly large amount of expensive infrastructure behind Bitcoins.  The people running it have to purchase and maintain their physical banks of computers.  They also have to pay Bitcoin sellers and make a hopefully honest living.  Their only significant receipts are from Bitcoin purchasers.  There are, of course, no accounts saying how much in the way of funds there is backing up the currency.  My biggest fear is that there is little or no money there and it may all turn out to be a gigantic Ponzi scheme.

(16/02/2018)

[bsmartguide]

Today we’re talking about how to bSmart with your finances. We believe a woman's financial independence is crucial and know that understanding your finances and setting up a budget can feel overwhelming. Not to worry bSmart is here to help you! Start by asking yourself the following questions: 1) Do you have a financial planner, coach, or money mentor? 2) Do you know how much money you should be saving each year? 3) Do you have a plan for increasing your income or earnings potential? 4) Do you know how, when, and why you should be investing in your future? 5) What is one action you can take this week to begin investing in your future? Check back on our page every week for a feature from the bSmart guide and head over to bSmartGuide.com / Community / The bSmart Guide to learn more!

[learn-with-whiteboard]

Financial freedom is freedom from fear.

[kazifatagar]

Tambadana, a Malaysian financing company, enhances customer loyalty through engaging seasonal campaigns, promoting financial literacy and strong relationships. #funding