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Author Archives: Glasses or Contacts

The Pros and Cons of Taking out a Business Line of Credit for Your Small Business

If your business is just getting off the ground or needs a little help handling expenses, a business line of credit might be an appealing financial option. Business lines of credit work similarly to personal credit cards: a lender gives your business a maximum monthly limit and you can draw funds from that amount to pay your expenses. Of course, your company will be expected to pay off this credit debt or pay fees or interest on the loan. The question is, would establishing a business line of credit be the right choice for your business? Consider these pros and cons to determine the best course of action for your company. Pro: Flexibility. Perhaps the clearest advantage of using a business line of credit is that it offers spending flexibility for your business—and in several different ways. First of all, when you can pay expenses with your line of credit, you can cover payments even when you don’t have cash immediately on hand. Secondly, a business line of credit essentially acts as a bank loan where you have access to a large loan amount but don’t necessarily have to spend all of it. Instead, you can just draw money from ...

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A Compressed History of USD Against Gold in the Last 10 Years

The United States Dollar (USD) and gold have been in a close relationship for more than 200 years. The first 100+ years of that relationship was harmonious because the gold standard was in operation and the value of a unit of the dollar was related to a specific amount of gold. In fact, the greenback up until 1933 had the words “Will Pay to the Bearer on Demand” (gold) and some new notes even had the clause up until 1963. From much of 1900 to 1971, people could technically approach a bank in the U.S. to convert their dollars into gold. However, starting from 1971, the USD and gold started a contrastive relationship after the harmonious relationship ended with dissolution of the gold standard. The USD became a fiat currency that was not backed by a physical commodity. More so, its value could be based on the laws of supply and demand. Gold was also forced to adopt floating exchange rates because the fluctuations in the value of the USD often cause the trading price of gold to fluctuate. An inverse relationship begins between gold and USD The USD and gold now operates an inverse relationship in which gains in ...

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Prioritizing Debt: What to Pay Off First

Paying down debt can be intimidating. Even after you’ve decided to focus on reducing debt, knowing where to start can be tricky. For consumers, understanding which debts to pay first can mean thousands of dollars in savings. Not all debts are created equal — some can hurt your credit score, and others may have higher interest rates. Here are some factors to consider when deciding which debts to pay down first. Know your interest rates Interest rates vary widely. According to NerdWallet, a personal finance website, the average interest rate for credit card purchases is 18%, while Experian has found that the average interest rate for a new auto loan is only 4.76%. In many cases, the right move would be to focus on paying down credit card debt. However, look carefully at your interest rates to determine which of your accounts is most costly. If you have high-interest credit card debt, you can save money by transferring your balance. Credit card companies offer balance transfer credit cards that allow you to move high-interest credit card debt to the new credit card with a 0% introductory interest rate. Fees for this transfer typically range from 0% to 3% of the ...

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Apple’s CareKit might make healthcare more accessible and cheaper

The newest innovation in healthcare may come from an unlikely source: the Apple Store. Apple’s CareKit is poised to bring the disruptive potential of mobile computing to your GP’s office. CareKit is an open source platform that supports the creation of personal healthcare apps. CareKit leverages the success of ResearchKit, which connects patients with medical research, helping researchers collect real-time data on symptoms and treatment efficacy. ResearchKit isn’t even a year old, but it’s already had an impact. Apple announced on October 15th, six months into the platform’s launch, that 100,000 users were using the platform to participate in clinical trials. CareKit builds on this success by creating new tools for doctor-patient communication. CareKit features four modules. “Care Card” helps patients track medication and completion of tasks such as physical therapy exercises. The “Symptoms and Measurement Tracker” lets users record symptoms and capture other data such as photographs of wounds or rashes, temperature, or data related to sleep. The “Insight Dashboard” compares symptom progression to the Care Card to track treatment efficacy. Finally, the “Connect” module will allow for doctor-patient communication including data transmission. The biggest impact of CareKit will be in the areas of accessibility and affordability. Accessibility is ...

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6 Things Every Traveler Should Know About Hotels

6 THINGS EVERY TRAVELER SHOULD KNOW ABOUT HOTELS

We all love staying at a good hotel because we can feel just like at home, be pampered like real royals and enjoy luxurious service. And although it seems like we don’t need to know a lot about hotels to get excellent service, we are wrong. In fact, there are at least six hidden things you might not know yet! But today, let me open up the curtain and share those things you just have to remember while looking for a hotel with excellent service and price range! Tipping hotel housekeeping lady is not just a good tone We all heard many legends about how unclean hotel rooms are, and we all know who to blame – your hotel’s room cleaning crew. But imagine the situations then you have to clean more than fifty different rooms in one day, and you will understand that keeping up with high cleaning standards is very hard! So think about that a bit and better tip your housekeeping lady. Even the smallest tip can mean a lot for the cleaning crew lady, and she might even give you a lot better service too! Therefore, don’t hesitate and don’t forget to leave a nice tip, which should ...

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