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How The Economy Can Effect Different Businesses

Regardless, if you are running a fortune 500 company or a small business there is a good chance that you have felt the effects of the downed economy. While economic conditions can have different impacts on all businesses, small businesses are usually the ones to feel the impact quicker and harder than larger corporations. Below you will learn about how to economy can effect your business and either have a negative or positive impact. Exploring A Strong Economy It is no big secret that in a strong economy most businesses are going to flourish. Of course, there might be some businesses that are more successful than others, but just about every business will see an increase in sales. This is because disposable income will be at an all time high and more consumers will feel confident about dumping their money back into the economy. However, when it comes to small businesses a good economy is almost like a two-way street. As a small business starts pumping out more and more products or services the need for more employees will rise. Maybe even expansions and a new retail line will be required, but whatever the situation is, most people would view ...

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What to Do When Your Income Decreases

What to Do When Your Income Decreases

Have you ever experienced a sudden decrease in income? Perhaps your company went out of business without warning. Or, maybe you had an accident and had to take a temporary leave of absence with no short term disability pay. Of course, you may have planned to leave your job for a better opportunity to make even more in the long run. The facts are there can be a lot of reasons people experience a change in their income. But whether or not it is planned, a decrease in your income can wreak havoc on your budget and your finances. But what should you do when your income decreases? Here are some steps to take to make sure you income decrease doesn’t harm your finances too much. 1. Take Stock Even if the decrease in your income is planned, you will need to evaluate your finances to get a starting point. How do you know what steps to take or where you are headed if you don’t know where you are starting from? Determine what your outstanding debt is. Make a list or spreadsheet of all of your necessary bills including rent or mortgage, auto loan payments, food, utilities and any ...

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Exciting Fintech Technology and Innovations

Just when you thought investing wasn’t for you, innovative technologies have emerged to make it possible and extremely lucrative. The exciting changes that have been rung with FinTech (financial technology) are astonishing. Consider that in 2014 alone, a staggering sum of $13.7 billion was invested in the FinTech space alone. The annual rate of investment in this arena is 45%, and growing. The year on year deal growth is 16.41%, and climbing fast. What’s equally important to point out is that venture capitalists are eyeing FinTech with greater interest across the board. In 2010, there were a handful of FinTech investors, but by 2015 that number had swelled to 894 unique investors. These are big market players, including the likes of Goldman Sachs, J.P. Morgan Chase, Bank of America, Wells Fargo & Company, Santander, and others. In 2014, the latter company invested $100 million in a fund earmarked for FinTech. Why are these changes in the financial landscape so important, and how do they apply to individual traders and investors? For starters, the global financial crisis that erupted in 2008 spurred a rush towards financial alternatives in the market. Big banks cut their budgets by closing departments, divisions and firing ...

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How to Lower Your Summer Budget

How to Lower Your Summer Budget

Once the sun starts shining and temperatures warm up, a lot of people start getting the summer itch. The pull to do outdoor activities can be nearly irresistible. But in addition to all of the fun in the sun, summer sometimes means budget increases for a variety of reasons. Luckily, there are solutions that can help you to lower your summer budget. Put a Cap on Camps If you have kids who have traditionally attended a camp or two during the warmer months you may already know that some of them come with hefty price tags attached. One way to alleviate summer budgeting woes, therefore, is to reduce the number of camps you are shelling out money for. Maybe a day camp would be a refreshing change for your child as well as a money saver for you.  Other money saving options includes scholarships and early bird rates so consider these ideas as well. When I was in high school, I begged to go to a summer camp, so I offered to pay half if my parents paid half too. This could be a good way for older children to take their camps more seriously if they have to help ...

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Investing for Retirement

When you are in your 20s, retirement might very well be the last thing on your mind. That being said, you should start investing for retirement right when you start earning money. This is one financial move that is absolutely brilliant. The reason for this is a nifty little thing that is known as compounding. Compounding is what happens when the interest you earn on your investments keeps earning even more interest every year. Let’s take a quick look at a few of the things that you might consider investing in to secure your retirement. Bitcoin According to BitVest, in the next few years, there will be more than 4 million bitcoin, or $2 million, mined by those who choose to invest in Bitcoin mining. Because of revenues of this nature, there has been an explosion in computational speed and power that is unparalleled. The infrastructure that is being constructed in an effort to support Bitcoin digital currency, as well as the Blockchain, is being driven currently by Silicon Valley’s intellectual elite. They have partnered with quite a few of the Venture Capital investors who are Wall Street’s most successful as well as entrepreneurs across the globe who are tech ...

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