Saturday, October 31, 2020
5 Highly Effective Ways To Make Money During The Holidays In 2020 – #2 Takes Only Minutes Per ...
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Thursday, October 29, 2020
Sen. Mark Warner talks to educators in Martinsville about broadband needs
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Wednesday, October 28, 2020
Social & Online Content Creators: Moving On-Chain to Make Money | CGLive
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Re-Invent the Internet: New Models for Digital Media & User Content | CGLive
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Getting Started with the Flexible YouTube Gaming Platform
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Tuesday, October 27, 2020
The Ultimate Guide to Wealth Protection
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Chapter markers
Use these links to jump to the relevant part on the player above
[3:08] Everything you need to KNOW
[3:10] -- You need a sure foundation
[4:38] -- Know your risks
[7:47] -- Ignoring Wealth Protection is itself a risk
[10:33] -- Summary of Part One
[10:48] Everything you need to DO
[10:51] -- Quantify the risk
[13:13] -- Maintain a solid emergency fund
[16:15] -- Assess your current cover
[18:15] -- Fill the gaps
[24:37] -- Prioritise your needs and find a balance
[26:51] -- Review regularly
[28:33] -- Use trusts
[30:09] -- Make a will
[31:18] -- Call LifeSearch
[32:10] Summary
[33:44] Meaningful Academy SPECIAL OFFER!
[34:37] Outro
This podcast is brought to you with the help of Seven Investment Management, who specialise in multi-asset investing, something I talk about a lot, and which I think should form the core of most people’s investments. 7IM have been helping me out here on MeaningfulMoney for ages, and I'm very grateful.
You can see what they’re up to at 7im.co.uk
The post The Ultimate Guide to Wealth Protection appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.
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Online Games that Offer the Best Real Money Bonuses for Free
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Monday, October 26, 2020
Chelsea Houska: Is She Really Selling Out Her Daughter on Instagram?
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Saturday, October 24, 2020
How To Make Money Betting On Soccer With The Best Soccer Predictions
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Kansas county spends $350K of COVID-19 relief money on cameras for soccer park, sparking ...
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Friday, October 23, 2020
Bored at Work? Get Paid For Browsing the Internet
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Patreon Becomes Latest Social Media Platform to Take On QAnon
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Underestimated Review
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Thursday, October 22, 2020
Click Wealth System Review
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Westminster to extend fiber internet beyond city limits
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Tuesday, October 20, 2020
Ignorance around advertising 'is putting the free internet at risk'
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Cooler Screens Shows Tech Can Make Money And Protect Privacy With 'Identity-Blind' Digital ...
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Casinos Games
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Friday, October 16, 2020
How to Make Money Teaching English Online
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Tuesday, October 13, 2020
The ULTIMATE GUIDE to Budgeting!
Watch the video of the podcast
Chapter markers
Use these links to jump to the relevant part on the player above
[3:22] Everything you need to KNOW
[6:29] Everything you need to DO
[6:52] Take stock
[8:58] Have two bank accounts
[10:04] Identify your bills
[15:06] Move money around on pay day
[17:23] Budgeting as a couple
[19:37] Budget to Zero
[22:21] Track daily and adjust weekly
[25:36] Review monthly
[26:43] Roll with the punches
[28:50] Get ahead by ageing your money
[30:50] Dealing with non-standard income and bills
[34:12] Get better
[36:19] Summary, some tolls and rules of thumb
[37:50] Workbook and Special Offer
This podcast is brought to you with the help of Seven Investment Management, who specialise in multi-asset investing, something I talk about a lot, and which I think should form the core of most people’s investments. 7IM have been helping me out here on MeaningfulMoney for ages, and I'm very grateful.
You can see what they’re up to at 7im.co.uk
The post The ULTIMATE GUIDE to Budgeting! appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.
* This article was originally published here
Monday, October 12, 2020
Want to Stay Broke? Let Fear Get In the Way of Your Success
At least half of my clients encompass the fear of success. They are afraid of the expansion and growth of their company.
I know this is something I struggle with, and I have a mentor who’s helping me process my fear.
I’d like to share some examples as to why people might fear success, along with tips and strategies that have helped me move past this fear.
My Lesson in Fear of Failure
One of my mentors, Michael Burt, talked about completing sales in a crisis economy. He’s good; definitely listen to my interview with him in a previous episode. I’ll share a lesson that he taught me that helped me get over the fear of success.
Reason number one might be a fear of not being able to manage money. Maybe you find money difficult to manage because of your history. Maybe you paid off much debt, and you really struggled with making enough money. You feel that if you get your hands on much money and become successful, you’re just going to repeat that negative money cycle.
One of my clients realized they were positioned to blow up and do really well in their business. However, they were also afraid of debt. They thought, “if we really go after it, we’re going to end up in that position again.”
But what they didn’t remind themselves of is that they got out of debt once, and they can do it again. Apparently, that was all they needed to know. They were off to the races and were making six figures shortly after.
Are You Afraid of Criticism and Judgement?
Another fear is the fear of criticism and judgment, particularly in the age of social media. I wake up to trolls on Twitter, but I don’t let them bother me. You have to know when to respond and when to let their comments go.
In the last episode, I talked about how humans do bizarre ass things. This is a part of life, and that you cannot stay small because of what other people say or do. If you do, you are letting them control you and your success as a person and a business owner.
Success Doesn’t Lead to More Problems
Many clients believe that success is going to lead to more problems. Let me tell you what helped me get out of this thought cycle.
The thought process usually sounds like this: “If we get bigger, the team will get bigger. There’ll be team problems. I got to learn how to manage a team. Oh, my God! If we get bigger and we have more clients, there’s going to be more problems.” I wouldn’t say your company has more problems, but you have a different set of problems, which’s the key difference here.
You’re going to have problems no matter what, whether you stay small or go big, you’re still going to have problems because they don’t go away. There is no utopia in business ownership and entrepreneurship. There isn’t a moment where you don’t have any issues.
If you stay small and you have problems, you’re actually more stressed. I experienced this situation for myself. I thought, ‘I’m just afraid that if this gets bigger, my team’s not going to want to stick around or we’re going to have more issues to deal with, or I don’t want to deal with people’s problems.’ Once I turned this around and moved forward, we started seeing really great results really fast because I got to that healthy level of not giving a fuck.
Stay Small = Stay Broke
If you stay small, you usually stay broke; then, you’re more stressed financially. Whereas if you go bigger, you’ve got money in the bank. Now money is one less thing you’re stressed about. As you get bigger and expand, you help more people. I have clients who clapped back at trolls on my behalf and helped with sales.
Because I’ve helped many people and have had a big impact, I’m not bothered by problems. Most of my focus and attention is on people I’m trying to help.
Think like Grant Cardone and his 10 X rule. In summary, he talks about how you should seek more problems. Sounds counterintuitive, right? Why the hell would I want to do that? I want to be a safe, secure, and comfortable business owner. I didn’t really understand this concept.
What he means by this is that problems are growth opportunities. Challenges are also growth opportunities. They are an opportunity for you to be better and do better, to reach your potential because that is where the growth really is. Growth comes from challenge and being uncomfortable. Remember, if you have bigger problems, you are growing, and you are expanding.
Resources that are mentioned or add value to this episode:
- Persuade To Profit
- Make Money Your Honey Book
- How to Start a Coaching Business in 2020
- Check out my Live Trainings Online Here!
The post Want to Stay Broke? Let Fear Get In the Way of Your Success appeared first on Amanda Abella | Make Money Your Honey.
* This article was originally published here
Friday, October 9, 2020
Africa's quiet cryptocurrency revolution
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Thursday, October 8, 2020
Africa: Cryptocurrency Transactions On the Rise on the Continent
* This article was originally published here
Cryptojacking- A Serious Threat To Every Internet User Today
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Setting Financial Goals – Part Two
In the previous post, we looked at setting financial goals everything you need to know to do so. This time, we'll look at what you need to do.
Everything You Need to DO
1. Link Goals to Timeline Events
For our goals to be MT, they need to be linked to events on our timeline that we created last week. Indeed, it’s impossible to do the maths to work out what our goals will cost in the future, unless we have a date in mind for the achievement of that goal.
So, add your goals to the timeline where you can see them. How old will you be at that point? How old will your children be? There’s something pretty sobering in this process, as you realise just how short life is. You’ll wish you got started earlier, believe me, but don’t be disheartened. You’re cracking on now, and that’s all good.
Remember, if those goals are for lump sum expenditures, then you’ll need to add them to your expenses in the year that they happen. You’ll have your ordinary living expenses, but if you want to buy a camper van in ten years’ time, you’ll have money going out from your reserves in that year. So, once you have worked out what the inflated cost of the camper van will be when you buy it, you’ll need to add that figure as an expense in the 2029/30 tax year – add this to your timeline.
2. Remember Your Existing Sources of Income When Setting Goals
Let’s say you have a goal to reach FI by 55 and you’re 35 now. That’s a 20-year timeline for your goal, and your desired lifestyle will cost you £30,000 a year in today’s terms. Applying a 3% inflation rate for 20 years gives us a nominal cost of that same lifestyle of £54,183 – let’s round that down to £54,000.
So, our lifestyle in 20 years’ time is going to cost us £54,000, but that’s only if we have no other sources of income, but maybe we do. Perhaps we have a rental property that pays you £12,000 a year now. If we’ve got a desired lifestyle of £30,000 (in today’s terms) and we’ve got £12,000 coming in, that’s a shortfall of £18,00. We can factor up that shortfall for 20 years as approximately £32,500.
In 20 years’ time, we don’t have to find £54,000, we need to find £32,500 to sustain our lifestyle. Maybe when we’re talking about FI and retirement we need to factor in the state pension.
When we factor that in, payable from whatever age you’re eligible, then our FI goal will be reduced further, because we’re not going to need to find that money; it’ll just come in. We could take that amount off our goal too. So now, we don’t have to find £32,500, we’ve only got to find whatever the difference is.
But let’s keep things simple and use that £32,500 as our goal. If we use the 4% rule, 25 times that £32,500 is £812,000 in capital. So now we have a figure we can use to work back from to work out a savings rate.
3. Apply Inflation Factors to Come up with a Future Cost
A reminder of inflation factors: in order to come up with an inflation factor so you can work out what a sum in today’s money will be in x number of years’ time, the sum is:
1 + the rate of inflation, to the power of the number of years
If inflation is 3%, then you start with 1+ that figure, which is 1.03 expressed correctly. Then you multiply this by itself as many times as you have years to your goal. You can use the Google Sheets spreadsheet to help you: enter the inflation rate and the term, plus the figure you want to inflate and you’ll get both the inflation factor and the nominal amount at the end of your term.
We can only think in today’s money. If we apply a pounds and pence figure to a goal, in today’s money, we’re going to need to work out what that will be at some time in the future. Then, when we’ve done that and we know what our future goal is, we have to work backwards to calculate our monthly savings to help us reach it.
The post Setting Financial Goals – Part Two appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.
* This article was originally published here
Old Couple Running 'Baba Ka Dhaba' & Struggling To Make Money Is Finally Getting Help
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EXCLUSIVE: Vlad Asks Buster Douglas if He Quit During His Title Fight with Tony Tucker
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Monday, October 5, 2020
Setting Financial Goals – Part One
Introduction
Goals are important. In the next few blogs, we’re going to focus on setting them in the context of our timeline, so that we can be thinking about them in the right terms and of course, so that we can take action to meet them.
Everything You Need to KNOW
1. Goals Should be Mike Tango
You’ve heard of SMART goals, right? You know the score, goals should be Specific, Measurable, Achievable, Realistic and Time-bound. Other variations also can be found if you want to push your way through the murky depths of corporate-speak.
While SMART makes for a nice acronym, I reckon it’s a lot of wasted breath and that we should shorten things to be just MT, measurable and time-bound. After all, if a goal is MT, then it is by definition specific.
And if it’s Achievable, then it’s also Realistic, and vice versa, so that just seems superfluous. If we set ourselves a goal which isn’t achievable then who are we fooling? Our goals should also make us excited.
2. Financial Goals Should be Monetary
For our goals to be measurable we need to put figures on them, and that means pounds and pence. We covered this briefly in the last chapter, when talking about general expenses and adding those to our timeline, but now we need to do a similar exercise for our goals.
Now it might be more or less easy to put a monetary figure on a particular goal. If it’s a purchase, then it’s fairly straightforward. If the camper van you want is £30,000 then that’s an easy goal to articulate. But if your goal is to take a year off work and travel, then you need to work out both the loss of earnings for the year, and also the cost of the travel, so there’s a bit more work involved. Then there’s the big one, the ultimate goal for many of us – FI (financial independence).
There’s no correct formula for this, but I’m going to revert to the most popular one, which is to multiply our desired lifestyle cost by 25. To put it another way, it’s the amount of money to be able to draw 4% per year endnote run out of money.
Of course, we need to apply inflation to this figure too. A £25,000 per year lifestyle at age 35 will cost more than £25,000 when we’re age 55. And there are potentially two moving targets, both the amount and the timescale are dependent on each other and the inflation factor. But we’ll need to take a stab somewhere and add the goal to our timeline.
3. Inflation is Your Enemy
Inflation is working against you while you’re setting and working towards your goals. It simply makes everything more expensive in the future, and it messes with our head because we can only think in today’s money.
The way to deal with it is to set goals in today’s money, and then apply the inflation factor. But when working out what we need to save, we need to NOT take inflation off the growth rate, because otherwise we’re factoring it in twice.
The post Setting Financial Goals – Part One appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.
* This article was originally published here