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4 Ways To Take Care Of Your Finances If You Become Disabled

It’s challenging enough dealing with an accident or unexpected health condition that leads to a disability without having to figure out how manage your finances now that you can only work part time or not at all. However, there are five effective steps that you can take to get your finances in order fairly quickly. Let’s take a look at how to get some money coming in and how to manage your money better: 1. Apply for financial assistance. The first step to coping with your finances is to get some money flowing in as soon as possible and the best way to achieve this goal is to get some financial assistance. So, see if you qualify for Social Security Disability Insurance (SSDI), Worker’s Compensation, or Disability Insurance. Social Security Disability Insurance (SSDI): Social Security Disability Insurance (SSDI), will pay you and eligible members of your family if you have worked long enough and paid your Social Security taxes. The benefits are paid out based on your financial needs. SSDI eligibility includes factors such as your age and the nature of your disability. You have to be under 65 years old and your disability has to be a serious condition officially recognized ...

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Best Practices for Keeping Your Bitcoin and Other Cryptocurrency Investments Safe

Cryptocurrency is a smart alternative investment. It can yield incredible results, and it’s going to continue to make an impact for a long time to come. That being said, trading cryptocurrency is not without risks. Cryptocurrencies aren’t secured by banks or traditional financial institutions, and the threat of hacking is real. If you want to make money trading cryptocurrencies, and you will if you do it right, you don’t want to do it without these words of wisdom. Protecting Your Mined Coins Mining cryptocurrency is the only way to get it for free, and it can be extremely profitable. A single bitcoin is worth thousands. You can secure your mining efforts by using a hashpower provider, such as Genesis Mining. Their powerful mining farms are secured for miners. Once you’ve got your coins (and this is true whether you bought them or mined them) you’ll need to protect them with cold storage. The bitcoin wiki recommends that you keep your mined coins on a protected USB drive, a paper wallet, a bearer item, or a hardware wallet. Here’s a breakdown of each of those methods: ·  USB is self-explanatory. Move your coins to the drive, and then keep the drive ...

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Why You Should Pay Your Kids to Perform Household Tasks

Why You Should Pay Your Kids to Perform Household Tasks

When my younger brother and I were kids, we were expected to help out around the house. Both of our parents worked, so we had to do a few chores each week in order to keep the household running smoothly. Part of the time we got paid for what we did and part of the time we didn’t. It just depended on what we did and if it was expected or “above and beyond”. Reflecting back on those times I think our parents paid us when they could afford to. However, when money was tight for them it didn’t always happen. Now that I am an adult I feel like there are a lot of good reasons why you should pay your kids to perform household tasks. 1. They Learn the Value of Money Pay your children for part of the work they do instead of all of it. Taking this type of approach prevents them from thinking they should get paid for every little thing. At the same time, if you allow them some discretion in their spending, you help them learn the value of money. 2. It Builds Self-esteem Your kids are not your slaves and should not ...

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3 Types of Life Insurance and When You Might Need Them

Life insurance is one of the best investments that you could ever make for your loved ones. These policies are one of the only ways that you can ensure that your family has the money that they need, regardless of what happens to you. Shopping for life insurance is not a fun task, but it’s not as hard as you may think. There are several different types of life insurance that you can choose from and thousands of different companies. Each of them is going to have different advantages and disadvantages that you should consider before you purchase a policy. Each kind of life insurance plan works well for different people in a different stage of life. It’s vital that you get the perfect kind of life insurance policy to meet your needs. Term Life Insurance The most popular type of coverage is a term insurance policy. These plans are bought with a pre-determined expiration date attached to them, and once that date has passed, then you’ll no longer have insurance coverage. Because these plans are a temporary, they are going to be the most affordable insurance coverage that you can buy. You can buy one of these plans to ...

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What to do if Your Partner is Financially Irresponsible

What to do if Your Partner is Financially Irresponsible

It’s been said that money is the root of all evil. I don’t know if that’s true or not, but it does seem to cause a lot of tension between partners in a relationship. In fact, money has stayed at the top of the list as one of the things couples fight over most. Sometimes arguments arise over a lack of money. Other times it is due to one person’s mishandling of money. But, what can you do if your partner is financially irresponsible? 1. Talk About It Something that should be discussed early on in any couple’s relationship is how they each value and handle money. Conversations about money may not be romantic, but they can save a lot of grief later and possibly even divorce. Each person in the relationship should openly talk about their financial goals as well as how they have handled money in the past. Does either partner have debt hanging over their head? If so, is it a large amount that could be paid off before making the relationship permanent? But what if your relationship is already permanent before the money talk? If that is the case, each of you still needs to confess ...

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