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Analyzing Economic Trends Through YouTube Likes: A Modern Approach

economic trends on youtube

Economic analysts and financial experts are increasingly turning to YouTube to share their insights on economic trends. YouTube likes for boosting these videos provide a unique perspective on public interest and engagement, helping to shape the broader economic discourse.

The Growing Trend of Economists Using YouTube as a Platform

Economists and financial analysts are using YouTube to reach a wider audience, sharing their insights on economic trends and market movements.

  • Broad Reach: YouTube allows economists to reach a global audience, spreading their insights far and wide.
  • Visual and Interactive Content: Videos can make complex economic concepts more accessible and engaging through visual aids and interactive elements.
  • Timely Updates: Analysts can quickly share updates and analyses of current economic events, keeping their audience informed in real time.

How the Number of Likes on Economic Analysis Videos Reflects Public Interest

Likes on economic analysis videos can indicate which topics resonate most with the audience, providing insights into public interest and concern.

  • Popular Topics: Videos with high likes often cover topics that are of significant interest or concern to the public, such as unemployment rates, inflation, and economic policies.
  • Engagement Patterns: Analyzing which videos receive the most likes can help identify trends in public interest over time.
  • Feedback Mechanism: Likes serve as feedback for content creators, helping them understand what their audience finds most valuable and engaging.

The Influence of Popular Economic YouTube Channels on Public Perception

Popular economic YouTube channels can shape public perception and understanding of economic trends through their high engagement levels, including likes.

  • Authority and Trust: Channels with high likes are often seen as more authoritative and trustworthy, influencing how viewers perceive and understand economic issues.
  • Public Discourse: High-engagement videos can drive public discourse, sparking discussions and debates on important economic topics.
  • Educational Impact: These channels play a significant role in financial education, helping viewers understand complex economic concepts and their real-world implications.

How Likes Can Serve as a Predictive Tool for Emerging Economic Trends

Likes on economic analysis videos can act as a predictive tool, indicating emerging trends and shifts in public interest.

  • Early Indicators: Videos that receive a sudden increase in likes might indicate growing public concern or interest in a particular economic issue.
  • Trend Analysis: Tracking likes over time can help identify long-term trends in public interest and sentiment.
  • Market Insights: Likes can provide insights into which economic issues are likely to gain traction in the media and influence market movements.

READ ALSO: TikTok Marketing: Unlocking the Potential of Short-Form Video Content

Conclusion

YouTube likes are more than just a measure of popularity; they provide valuable insights into public interest and engagement with economic trends. By analyzing these metrics, economists and financial analysts can better understand and predict emerging trends, shaping the broader economic discourse. For viewers, likes serve as a useful indicator of valuable content, helping them navigate the vast array of economic analyses available online.

Why Expert Investors Consider Defensive ETFs as the Best and Safest Investments

investing in stocksExpert investors give advice that the best investments are the defensive ETFs as they are the safest choices regardless of the condition of the securities market. Albeit investing in defensive Exchange Traded Funds (ETFs) places priority on stability over bold and dynamic profit-yielding strategies, experts find them ideal amidst the current economic conditions.

Rationale Behind the Favorable Support for Defensive ETFs

In the past two decades, Treasury yields have been reaching levels near the highest posted in previous years. Such occurrences have caused securities in the form of stocks to struggle as a reaction to unstable market conditions. Moreover, the rising interest rates have been driving increases in raw materials and product costs that could possibly result in a recession.

Actually, many are already considering reallocating their investment portfolio to the more defensive ETF investments; although they are still seeking information on what expert investors call as “recession-proof” investments.

What Exactly are Defensive ETFs and What Makes Them Ideal as Investments?

exchange traded funds as investment optionCategorically, Defensive ETFs fall under the Non-Cyclical Investment Sector. It actually involves investing in mutual funds or ETFs that specifically place funds in recession-proof entities because such businesses are not greatly affected by economic cycles. The stock prices of recession-proof companies generally remain stable under varying phases of an economic cycle.

That is so because they are into manufacturing or providing products and services that are staple to consumers, such as basic food commodities, healthcare products and services, as well as utilities and telecommunication services and other similar commodities that consumers consider as necessities.

Mutual or defensive funds can withstand large drops in stock prices and portfolio values in times of market correction or bear market economy. They fall under the non-cyclical sector because consumers hardly spend on cyclical products and services like luxury items, financial services and other products that consumers usually save up on so they can buy one, especially when working on a tight budget.

Mastering the Art of Financial Wisdom

In a world that is brimming with limitless spending opportunities, acquiring the skill of financial wisdom becomes paramount for building a secure and prosperous future. Today, we’re going to dive into what The Real World has to offer and how you can take advantage of the different methods to make money.

Establish Clear Financial Goals

Before diving into any expenditure, take the time to establish clear financial goals. Whether it’s saving for a home, education, or retirement, having a well-defined roadmap will guide your spending decisions.

By aligning your purchases with your objectives, you can have certainty that you are spending your hard earned money that’ll contribute to long-term financial success.

Differentiate between Needs and Wants

Knowing what your wants and needs are will play a critical aspect in your finances. Also, this serves as the foundation of strong financial literacy. Evaluate your purchases critically, prioritizing essentials over luxuries. This conscious decision-making process ensures that your money is allocated where it matters most, fostering financial stability and resilience.

Create and Stick to a Budget

why you must stick to your budget

You must have a budget that is real and easy to follow. Categorize your expenses, allocate funds accordingly, and most importantly, stick to your budget. Regularly review and adjust as necessary to adapt to changing circumstances. A well-maintained budget clearly shows your financial health and prevents impulsive spending.

Do a Comparison before making a Purchase

Harness the power of informed decision-making by comparing prices and researching products or services before making any significant purchase. Online tools, reviews, and testimonials can aid in identifying the best value for your money. This diligence ensures that you make well-informed choices, avoiding regrettable impulse buys.

While it may be tempting to opt for cheaper alternatives, prioritizing quality over quantity often proves more cost-effective in the long run. Invest in durable, long-lasting goods that may initially seem pricier but ultimately save you money by reducing the frequency of replacements.

Embrace Smart Saving Strategies in the Real World

Look beyond spending and embrace innovative saving strategies to bolster your financial portfolio. Take advantage of employer-sponsored retirement plans, cultivate an emergency fund, and explore investment opportunities. These actions safeguard your finances and position you for long-term wealth accumulation.

Adopting these professional tips in the quest for financial wisdom can pave the way to a more secure and prosperous future. Learning how to work on your spending that leads to your financial objectives, differentiating needs and wants, adhering to a budget, comparing prices, prioritizing quality, and embracing smart saving strategies, you empower yourself to make informed and responsible financial decisions.

The Political Economy of Credit: Unveiling the Finance and Politics Nexus

credit card mastercard

In the intricate tapestry of our global economy, politics, and finance perform a delicate dance that significantly impacts our daily lives. One of the key players in this complex interaction is the ubiquitous credit card like Destiny Mastercard (See more about Destiny Mastercard here – https://destiny-card.com).  As we delve into the depths of the political economy of credit, we uncover the fascinating connections between political decisions and the credit industry, exploring how macroeconomic forces shape personal finance.

The Macro View: Politics and Macroeconomic Influences

Political Powerhouses and Economic Waves

At the heart of the political economy of credit lies the influence of macroeconomic factors on personal finance. Governments, with their fiscal policies and economic strategies, play a pivotal role in shaping the credit landscape. Economic downturns or upswings can be orchestrated by the decisions made in the political arena, rippling through the credit industry and impacting individuals on a personal level.

Interest Rates and Government Policies

Interest rates, a key determinant in the credit world, are often subject to the policies set by governments and central banks. The political decisions regarding these rates can either facilitate or hinder credit accessibility, affecting the choices individuals make in managing their finances. As interest rates fluctuate, so too does the affordability of credit, underscoring the intricate connection between politics and personal financial well-being.

Navigating the Credit Maze: The Role of Credit Cards

Credit Cards as Political Instruments

In this complex interplay, credit cards emerge as both tools of personal finance and instruments of political influence. Governments may use credit policies to stimulate or control consumer spending, influencing the economy at large. Credit card regulations, fees, and incentives are often sculpted by political decisions, shaping the financial landscape for millions.

Consumer Power and Political Consequences

On the flip side, the choices individuals make with their credit cards can echo through the political sphere. Mass movements, such as ethical consumerism or divestment campaigns, can harness the economic power wielded by credit card users. In a world where every transaction is a political statement, credit cards become more than just pieces of plastic; they are vehicles for change.

Unraveling the Threads: Exploring the Intricacies

Globalization and the Credit Web

The globalization of finance further complicates the relationship between politics and credit. International agreements, trade policies, and geopolitical events can send shockwaves through the credit industry, affecting interest rates, credit availability, and the overall economic climate. Understanding the global context is crucial in unraveling the intricacies of the political economy of credit.

Technological Advances and Financial Politics

The digital revolution has ushered in a new era of financial transactions, challenging traditional notions of credit and politics. Cryptocurrencies, fintech innovations, and the rise of decentralized finance (DeFi) introduce new dynamics into the credit landscape. How governments navigate these technological advances will undoubtedly shape the future of the political economy of credit.

READ ALSO: Comprehending The Impact Of Bidenomics On The US Economy

Conclusion: Navigating the Nexus

As we traverse the landscape of the political economy of credit, it becomes evident that every swipe of a credit card carries more significance than meets the eye. Political decisions mold the financial world we live in, and credit cards are both pawns and players in this intricate game. To understand personal finance is to understand the political forces that shape it – a nexus that demands our attention and scrutiny.

Cryptocurrency Regulation Trends Worldwide

crypto ethereum

Cryptocurrencies have taken the financial world by storm, offering new avenues for investment and reshaping traditional notions of finance. However, as the popularity of digital assets like Bitcoin and Ethereum continues to soar, governments around the globe are grappling with how to regulate this rapidly evolving landscape.

In this exploration of cryptocurrency regulation trends worldwide, we delve into how different countries are approaching this complex issue and the profound impact these regulatory developments have on the cryptocurrency market.

As we navigate through this dynamic terrain, trading platforms like Ethereum ePrex App become crucial in adapting to regulatory changes, ensuring a secure and seamless experience for users participating in the evolving crypto market.

Diverse Approaches to Regulation

United States: Striving for Clarity

The United States stands at the forefront of the cryptocurrency regulation debate. Regulatory bodies like the SEC are working to provide clarity on the legal status of various cryptocurrencies. Recent statements from officials signal a desire for balance, fostering innovation while ensuring investor protection.

China: A Stance of Caution

In contrast, China has taken a more cautious approach, imposing strict bans on cryptocurrency transactions and mining. The government’s concerns about financial stability and speculative trading have led to a crackdown on various aspects of the crypto industry.

European Union: Towards Comprehensive Regulation

The European Union is moving toward comprehensive regulation, recognizing the need for a unified approach. Initiatives like the Markets in Crypto Assets (MiCA) regulation aim to create a clear framework for digital assets, fostering a secure environment for both investors and businesses.

India: Evolving Perspectives

India has seen a shift in its stance on cryptocurrencies, from outright skepticism to a more nuanced approach. Recent discussions suggest the country may be exploring the possibility of creating its own central bank digital currency (CBDC) while developing a regulatory framework for existing cryptocurrencies.

Impact on the Cryptocurrency Market

The regulatory landscape’s dynamic nature significantly influences the cryptocurrency market, shaping investor sentiment and market trends. Here are key points to consider:

Market Volatility:

Regulatory announcements often trigger volatility in cryptocurrency prices. Clarity and positive regulatory developments can instill confidence among investors, leading to market upswings, while uncertainty may result in sell-offs.

Innovation vs. Compliance:

Striking the right balance between fostering innovation and ensuring compliance is crucial. Regulatory frameworks that support responsible innovation can pave the way for the integration of blockchain technology into mainstream finance.

Global Collaboration:

As the cryptocurrency market is inherently global, harmonizing regulatory efforts becomes essential. Collaboration between countries can create a consistent framework, reducing regulatory arbitrage and providing a more secure environment for market participants.

READ ALSO: Understanding Market Balance In Forex Trading

Ethereum ePrex App: Navigating Regulatory Changes

In the midst of these global developments, trading platforms like Ethereum ePrex App play a pivotal role. As regulatory landscapes evolve, such platforms adapt to ensure compliance and security for their users. Ethereum ePrex App, known for its user-friendly interface and diverse cryptocurrency offerings, navigates the changing regulatory tides to provide a seamless trading experience.

Looking Ahead

The future of cryptocurrency regulation remains uncertain, with ongoing debates and discussions shaping the path forward. It is clear that a delicate balance between innovation and investor protection must be struck to foster a sustainable and secure cryptocurrency ecosystem. In this ever-evolving landscape, staying informed about regulatory developments and their implications is paramount for both seasoned investors and newcomers to the world of digital assets.

Comprehending the Impact of Bidenomics on the US Economy

Bidenomics refers to the Biden-backed economic policies and legislations that Pres. Biden envisioned as support for the post-pandemic recovery goals and in instituting new initiatives. President Biden uses the term Bidenomics to refer to his economic plans of growing the middle class from the bottom up.
Post-pandemic inflation in America had dropped for eleven consecutive months, which resulted in the corollary drop of inflation by more than half of the global inflation being experienced by other major countries. It’s also notable that the US was able to achieve such a feat by responsibly reducing the country’s deficit as well.

Three Pillars of Bidenomics

The new initiatives being implemented by the Biden Administration are founded on three pillars of the incumbent president’s economic vision, specifically through the following strategies:

Educating and at the same time empowering members of the workforce to grow and become the middle class.

Instituting smart public investments by boosting clean energy, enhancing**88* climate security and securing funding for rebuilding manufacturing businesses throughout the country. This included the policy of buying “Made in America” first.

Encouraging competition in ways that will lower costs whilst rolling out initiatives to help entrepreneurs of small businesses to survive and thrive.

In 2021 to 2022, there were more than 10 million applications for the establishment of new small businesses. The periods are on record as the strongest two years of the American economy.

The Failed Trickle-Down Theory

Bidenomics clearly proved that the trickle-down theory had been failing for years, since only the rich became richer while the poor became poorer. Its economic goals are based on the theory of supporting the wealthy investors and the big corporations by slashing down their taxes. Rather than collect tax money from the big businesses, it is better for the government to reduce spending on public investments like infrastructure and education. The theory supports the idea that in the long run, the success of the big businesses will create benefits that will trickle down to the working class.

So far, through Bidenomics, the US economy has been experiencing job growth with as many as 13 million added in the jobs market; including 800K employment opportunities for workers in the manufacturing sector.

How To Finance Early Stages Of Towing Company

Obtaining funds is a key task when it comes to starting a business and succeeding in an entrepreneurial venture. But money itself is not everything.

It is also important to calculate the optimal amount that needs to be raised, choose the most suitable source of financing, and draw up a good treasury plan. You also need the most suitable partners for the project and know how to manage accounts.

towing company san jose

Tips to correctly plan the financing of a towing company startup

Calculate the amount

Each business project requires a different amount. The first thing is to calculate all the costs that will be incurred to develop the product or service, as well as the expected income plan. It may seem very obvious, but many entrepreneurs have a hard time sitting down and doing the numbers. It is worth being meticulous in calculating costs and not neglecting those that are largely forgotten, such as notary and registry, and on the other hand, marketing and communication.

One of the most relevant items is that of personnel. The success of a Towing Company San Jose startup will depend to a large extent on the team behind it. Here, it is essential to assess whether the remuneration will be fixed or variable or if incentive plans such as stock options will be included. It is advisable to reduce the fixed cost item as much as possible and play with elements that allow a variable cost. For example, renting a place instead of buying it or paying a bonus based on results, reducing the fixed remuneration. Learn from the experts in the towing industry. Find them on the map.

Experts advise calculating an amount that allows the company to survive for at least 12 or 24 months, which is when the break-even is usually reached. Be conservative in the calculation, since unforeseen events usually arise.

Lean on family

Sometimes, you do not have enough of your own resources and do not want to seek external financing. In these cases, you can request the collaboration of family or friends. They can make a donation, participate in the capital of the company or make a loan with reduced interest.

Whatever the formula adopted, it is important that you treat your family and friends with the same professionalism with which you would treat a professional investor and presents them with a serious business plan that includes a projection of income and expenses, with special emphasis on the risks.

Why Trading Makes You Rich?

When you hear the word “trade” you might think of something that involves giving up something of value for another thing of lesser value in return. This type of trading isn’t what we’re discussing here. In this article, we’ll be talking about trading as it relates to the stock market. It’s a way for investors to make money by buying low and selling high.

If you want to make money from investing in stocks, now is the time to trade. Here are some of the top reasons why trading makes you rich:

Establish Your Wealth

Investing in the stock market can be a slow process. Some stocks are great investments, but they don’t move quickly, so you can’t make much money on them. But some stocks move very fast and can be great investments if you have the cash to move.

If you time your investments correctly, you can make a lot of money in no time. You can get in and get out of investments before they even have a chance to fall.

You can Use Leverage to Grow Your Investments

One of the great things about trading stocks is that you can choose to use more or less leverage. In other words, you can trade with a small amount of money or with a large amount of money. Needless to say, the more money you trade with, the more you stand to make.

If you trade with a small amount of money, you won’t have as much to lose because you’re not putting as much money on the table. On the other hand, if you trade with a large amount, there is no doubt that the rewards are great. But the risks are even bigger. So you may want to factor that in when you are trading.

Trading Helps You Learn How to be a Better Investor

When you start trading stocks, you’ll quickly learn what works and what doesn’t. For example, you might find that you don’t have a knack for predicting the movement of the market or that day trading isn’t for you.

You may also learn that you have the ability to predict the market and that you have a unique insight into company stocks. All of this information will help you become a better investor. And once you’ve become one, you can look for some of the best FTMO challenge alternative.

Developing Countries Aim Bitcoin Adoption

Bitcoin and Bank Notes

 

Bitcoin is a revolutionary currency and an asset with immense potential to transform various sectors of the economy. The growing acceptance of Bitcoin is one of the signs of its significant impact on the global economy. However, industry reports show that developing countries in Africa, Latin America, and Asia have the highest Bitcoin adoption rates in the world. If you are interested in Bitcoin trading, you can learn how at https://bitcoin360ai.com/nl/.

In 2021, Vietnam, Pakistan, Nigeria, Kenya, and Venezuela were the countries with the highest acceptance of cryptocurrencies. Sub-Saharan Africa ranks second in the world in Bitcoin P2P trading. Experts believe that developing countries are fertile ground for cryptocurrency adoption due to weaker currencies and inadequate financial infrastructure.

So how does the introduction of Bitcoin affect developing countries? Here are the main impacts of Bitcoin on developing countries.

Economic growth

Since its inception, Bitcoin has been instrumental in driving economic growth in developing countries. Its triumphal march has inspired numerous new companies in many developing countries. The success of Bitcoin has convinced the world of the possibilities of cryptocurrencies. Many institutions and governments in the developing world are now considering releasing their cryptocurrency.

They facilitate Bitcoin trading and other crypto investments and allow businesses and individuals in the developing world to earn a substantial income and improve their standard of living.

Bitcoin offers extensive and less restrictive investment opportunities that are essential for the growth of various industries in the developing world. A significant percentage of the population in the developing world now uses Bitcoin as a transaction currency and as an investment tool. In addition, the introduction of Bitcoin has also allowed local businesses to make a stronger appearance and be able to connect and do business with customers around the world.

 

ALSO READ: Top Investment That Will Make You Rich

 

Fast international money transfers

Before Bitcoin existed, most developing countries relied on banks and money processors to conduct cross-border transactions. This is still common practice in many developing countries. The only problem is that the traditional financial systems operate within certain parameters set by government regulations and laws. This usually leads to delays and even the cancellation of payments to and from some developing countries.

The introduction of Bitcoin has allowed companies and individuals in the developing world to bypass government and institutional intervention in transactions. Bitcoin is a decentralized currency that is not influenced by any government or institution and that allows digital transactions on the blockchain without intermediaries. This facilitates the immediate international transfer of funds and promotes investment and development in weaker economies.

More innovation

Bitcoin is a technology-based currency that users can only access and transact online. Bitcoin makes it easier to pay for goods and services, settle bills, and make global investments without any paperwork. It enables seamless and paperless transactions, allowing companies and investors to reduce their operating costs and increase efficiency. Bitcoin is at the heart of innovation, helping developing countries transition to a digital economy.

Thanks to Bitcoin’s success, several governments and institutions in the developing world are now exploring ways to launch an independent cryptocurrency. Although this would slow the spread of Bitcoin in the developing world, it is an excellent step towards innovation. The underlying blockchain technology is an open platform that supports the development of various products and services around Bitcoin.

Experts have found that blockchain can integrate several innovative applications, including smart contracts, supply chain management, identification, and inventory management. This inspires robust innovation in key sectors of the economy, including finance, manufacturing, healthcare, real estate, and e-commerce.

In most parts of the developing world, Bitcoin is still a new concept. However, adoption is growing day by day as it offers significant potential to promote economic growth. Bitcoin has led to more business opportunities, convenient international remittances, and more innovation in the developing world.

Bank of America Continues to Fulfill Promise of Increasing Basic Pay Rate

As inflation plagues the US, Bank of America (BAC), is fulfilling its promise of raising the minimum salary paid to workers, which now stands at $22 per hour. This financial institution has always been at the forefront of paying employees above average base pays since 2017. During the year, it raised the company’s minimum base pay to $15.

Thereafter, the bank raised it to $17 per hour in 2019; to $20 per hour in 2020, and to $21 in 2021. Apparently, annual wage hikes will also take effect in 2023 up to 2025. Last year, it was announced that by the year 2025, the institution’s minimum hourly base pay will reach $25.

Moreover, BAC has also been requiring vendors doing business with the bank to adopt a minimum salary pay of $15 an hour for their respective employees.
The current $22 per hour wage hike will take effect by the end of June 2022.

Investing in Employees Has Always Been Core to BAC

Even before the pandemic, it has always been Bank of America’s desire to become a great place for employees to work in. Sheri Bronstein, the Chief Human Resources Officer at BAC, remarked in a statement that their focus on making the company an excellent place in which to work, underscores the important roles played by workers in the bank’s success. She added that they will continue to invest in employees through competitive salaries and benefits, as well as provide resources that see to their overall well being. That way, the company will continue to attract the best talents in the industry.

How to Protect Your Assets with Insurance

Insurance is a contract between an individual or company and an insurance company. The company agrees to pay a stipulated amount of money in the event of a loss. This payment is typically made in the form of cash or other assets. Insurance companies are regulated by governments.

In the past, insurance was mainly associated with protecting people from financial loss, but it has expanded to include many other types of risk management and mitigation activities.

Insurance providers can provide protection against any type of risk, including natural disasters, health risks, car accidents, and more.

Read also: Wallin Hester: Caring About Economic Growth

Protect your Assets

Which are the Best Types of Properties to Insure

The best type of insurance to buy depends on your needs. It is important to know what you are insuring before buying a policy.

Car Insurance

Car insurance is the most common type of insurance that people purchase. Life insurance and medical insurance are also popular types of policies. When you buy a car, you want to be sure it is protected in case of an accident. This type of insurance covers the repair or replacement costs for your car in the event that there is damage brought on by something like a collision, fire, theft, or if it’s totaled.

Boat Insurance

In Australia, boat insurance Australia is compulsory for anyone who owns a boat.  This policy is for anyone who owns a boat and wants to ensure that they, their family, or guests will not be liable if someone, including them, damages someone else’s property on the water. It covers the owner and their passengers. The policy has deductibles for different types of damages which you may have to pay before your insurance coverage kicks

Home Insurance

When you buy a home, one of the most important financial investments you will make is to purchase home insurance. This provides protection from any damages that are caused by fire, water, and other elements. If you have a large home or building and decide to go with a higher level of coverage, it can help protect

Major Differences between Life Insurance and a Homeowners’ Policy or Renters’ Insurance

Life insurance is a type of insurance that pays out a lump sum of money to the beneficiary if the insured person dies. It is designed to provide financial protection against death, or in some cases, against disability. or old age. It is one of the most common types of insurance, and there are several different ways that an individual can purchase it.

A homeowners’ policy or renters’ policy provides protection against damage to the property with which you live. It’s not designed to pay out if you die or get injured but to protect the property in case of damage or theft. In a business context, insurance is provided to entities that can afford the risks involved with doing business such as companies and organizations. Depending on the type of business, it may provide protection against a range of risks including natural disasters, fire, disease outbreaks, liability claims, damage to company assets, and more.

Job Opportunities Soar, Resignations Ease Down While Layoffs Go Down

In December last year, the total number of job openings almost reached 11 million, while the the US Labor Dept. reported that the Great Resignation has pacified. The Labor Statistics data revealed how vacancies went up to 10.92 million, which was above the 10.28 million FactSet estimate; the increase, which took place in November, signified a tightening of the labor market.

In the past months and amidst various factors, the resignation initially rose to record high but subsequently slowed and dropped to 4.34 million. 6%, while the quits rate slowly approached 2.9% from a 0.1 percentage point.

Simultaneously, discharges and layoffs plummeted to 1.17 million which is a 10.7% drop compared to the previous month and a 36% plunge compared to the same month the previous year. This reflected a tightening of the labor market, as job vacancies rose to 10.92 million, well above the 10.28 million FactSet estimate, which actually showed an increase of 1.4% when compared to the November figure. The level of employees who quit their job had soared to record highs in previous months amid a confluence of factors. It eventually slumped to 4.34 million, as the quits rate edged down 0.1 percentage point to 2.9%.

 

Job Data Shows Employees Have Better Job Security

At the same time, layoffs and discharges went down to 1.17 million, a decline of 10.7% from a month ago and a tumble of nearly 36% when compared to the same month in 2020.

According to ZipRecruiter and leading economist Sinem Buber, the decrease in discharge level is a sign that nowadays, workers have more job security compared to the past. Employers are keeping the workers they already have than go through the difficulty of attracting new hires.

Director of research in Indeed Hiring Lab Nick Bunker mentioned how January can be difficult. The infectious omicron coronavirus variant had sent millions of workers to the sidelines, which made January’s job data outlook less optimistic even if the demand for workers stayed strong.

Survey Reveals Child Tax Credit Motivated Majority of Americans to Work More

According to Washington University researchers, 94% of parents now wants to continue working after they received the first tax credit installment in July. The group of researchers also included research teams from the Humanity Forward, the Urban Institute, UNC-Greensboro.

The new enhanced Child Tax Credit (CTC) takes effect this year year, entitling families to receive up to $3,000 [n 2021, per qualifying child ranging between ages 6 and 17. Families with children aged below 6, will be receive $3,600 for each below-6 child, at the end of the year.

The U.S Treasury Department and IRS reported that around $15 billion has been credited to the bank accounts of 35.2 million families in the country, as the earliest advance child tax credit payments. The IRS added that the average amount received as first installment is $423, which can help approximately 60 million children.

Treasury Secretary Janet Yellen remarked that this is the first time in the history of America that working families received monthly tax relief payments that can help families pay for essential expenses. including groceries, school supplies, and doctor’s visits. Ms. Yellen considers this as the first step in beginning down the country’s child poverty rate, which is not only a notable economic improvement but also a moral victory.

Survey Reveals the Significance of the CTC to Other Families

While the majority of working Americans have been motivated to engage in more work, 6.4% of the respondents to the survey plan to do the opposite. To them, the CTC means they will be able to work for fewer hours or find employment that requires less hours of work so they can spend more time looking after their children. About 20% will use the credit as means to stay home and let their spouse work, while 11.2%, mostly parents of toddlers and infants said that the CTC will change their work status.

Social Work associate professor Leah Hamilton of Appalachian State believes it’s important for parents, particularly mothers, to meet the caretaking requirements of their children. Hamilton added receiving tax credits would aid families in raising their children with a better footing whilst still making long-term contributions to the country’s economy.

The Merry Month of June Shows Positive Reports on Employee-Hiring

The Labor Department’s June 2021 reports show that actual employee-hiring in the U.S. has increased by 850,000, which is more than 706K projected by Dow Jones. The increase was linked to non-farm payrolls, which denotes that U.S. businesses have been stepping up in their recovery initiatives to make up for lost revenues incurred during the 2020 pandemic outbreak.

The securities markets reacted positively as futures on major indexes exhibited modest gains before trading closed for the July 04 holiday weekend.

Chief Strategist Seema Shah at Principal Global Investors remarked that the Labor Department’s latest job reports is an all-out positive indicator for the markets. Ms. Shah further commented to CNBC that the improvement is reflective of the slight easing of constraints that have held back the employment market during the past months.

Industries Where Hiring Accelerated During the Month of June

The acceleration of hiring during the month of June brings the total jobs lost and recovered to 15.6 million. More than 22.3 million U.S. citizens lost their jobs during the height of the pandemic outbreak in March and April 2020 as a result of government-imposed shut downs and business restrictions.

That being the case, there is still need for greater improvement as the total employment level is still below 7.13 million below the pre-pandemic level reported in February 2020.

The hospitality industry has been seeing the highest number of returning workers, particularly in restaurants, bars, hotels and similar businesses. As restrictions eased throughout the country, hiring in the hospitality industry took on 343,000 new workers, of which 194,000 are attributed to bars and restaurants.

Some sectors of the services industry such as personal and laundry services, hired an additional 29,000, while social assistance jobs added 32,000 employees. Workers in the mining industry increased by 10,000 while wholesale traders added 21,000 new hires. Manufacturers also stepped up with their activities, which required the hiring of 15,000 employees during the month.

The positivity of the report about increased employment was enhanced by a corollary acceleration of wage gains. As Dow Jones had estimated, average hourly earnings of workers increased by 0.33%, yielding a 3.6% increase in wages based on a year-on-year comparison.

Policymakers and Economists Petition for Adoption of Universal Basic Income

Universal Basic Income (UBI) has long been gaining support from policymakers and economists, more so now, after the pandemic created global economic problems. The concept promotes a system of providing Universal Basic Income in which governments sets up a safety-net fund for adult citizens in the event of another catastrophic event like the COVID-19 outbreak. As such, this program aims to ease poverty by modifying need-based social programs that require too much bureaucratic participation.

In the U.S. UBI has been gaining support even before the occurrence of the coronavirus pandemic but also in light of industrial automations that resulted in the reduction of labor force. In having set aside money that laid off workers can use while seeking for new employment, unemployment benefits somehow helped the economy thrive, since consumer spending remained steadfast. However, the concept of instituting a UBI government system is very popular mostly among left-wing academicians and economists.

Germany had actually trialled a similar system under a 3-year study, which paid $1,400 to 120 Germans on a monthly basis. Although a UBI system also went into in Finland and in the province of Manitoba, in Canada, the concept has not gained considerable attention from their respective politicians.

UBI Proposed by Academicians as Solution to Mitigate Effects of Pandemic

The pandemic has unexpectedly caused governments to spend part of their annual budget to provide workers with compensation while on temporary leave as a result of lockdown orders. Some other countries have increased provisions, as policymakers saw how having a UBI system in place can lessen the negative effects of the pandemic on government budgets.

Last year, more than five hundred public figures and scholars from different parts of the world came together and signed a petition for governments to enact emergency basic income during the crisis. Supporters argued that the program could help self-employed individuals and small businesses that do not qualify for stimulus packages. Moreover, people will not be forced to go to work in crowded workplaces where social distancing is not feasible.

A few countries have already heeded the call to implement the concept of UBI. Spain, one of the countries severely affected since the pandemic first broke out, has been providing poor families with monthly unemployment benefits of about $1,145.

What’s Wrong with Robinhood: FTC Reports Growing Complaints vs. the Company

The Federal Trade Commission reported there has been an outpouring of complaints filed by users of Robinhood’s investment app since January 24 to February 02. Many aired complaints about not being allowed to convert their holdings into cash; preventing them from transferring to other brokerage firms. More than a hundred complaints were related to the way the company handles concerns being communicated to customer service support.

Still, despite the numerous complaints filed against Robinhood, this company still managed to gain approximately 600,000 new customers in the past week. This info was based on the number of people who downloaded the Robinhood app, whilst signing up as new members. According to a post, the company’s venture capital investors are still backing Robinhood because number of new users definitely surpassed the numbers of those who stopped using Robinhood’s financial services.

Still, several legislators and users accuse Robinhood of manipulating the market by partnering with hedge funds managers that short sell stocks. Yet the company defended that the decision to suspend the recent GameStop buying spree was made based on the need to limit the buy activities in accordance with the capital requirement of Game Stop; and not due to requests made by financial market makers.

SEC Investigations Saw Robinhood Pay $65 Million in Civil Penalty

In a related news last week, the SEC disclosed that in order to work out the allegations of the Securities and Exchange Commission, Robinhood agreed to pay $65 million as civil penalty. The federal agency claimed that in several instances, Robinhood failed to divulge payments received from trading firms to whom the company traded user data. According to the SEC, Robinhood was also filed for not doing its duty of finding the best available terms in executing customer orders.

The SEC settlement was made after William F. Galvin, a top Massachusetts securities regulator, accused Robinhood of violating a state law that prohibits the use of aggressive tactics in luring inexperienced investors. Galvin also mentioned that Robinhood gamified their mobile application to encourage repetitive use of their app and of their service. The financial services company rejected such accusations.

Common Issues Raised with Customer Service

Most of the complaints sent to FTC were about imposed trading limits similar to what happened with GameStop. Complaints also cited users’ annoyance with Robinhood’s poor customer service. User complaints expressed frustrations over customer support whenever they raise issues about limited trading options and hacked accounts.

Not a few users told FTC about their inability to withdraw their money or to trade stock; but they can still deposit money if there is a need. The general consensus is that there is very little chance that the company’s customer service will respond to a a complaint, even after sending multiple emails.

Robinhood’s Response to Customer Service Complaints

Robinhood responded that they recently hired hundreds of registered financial representatives; boasting that last year, they beefed up customer support team by three times. The company claims they did so after learning that their users were already more than 13 million.

The financial services company contends that users can reach them by phone on a case to case basis, but the company considers emails as the best way to communicate problems.

A Quick Look at Biden’s Plans for Rehabilitating the U.S. Economy

While the incoming administration’s immediate priority is to address the COVID-19 pandemic, Pres-Elect Biden also vows to rehabilitate the country’s economy.

During his 4-year term as President of the U.S., Mr. Biden plans to encourage American manufacturers to produce products “made in all of America”. The incoming president’s goal is to make sure there will be an increased observance of the “Buy American” rule among local consumers. That way domestic manufacturing in the country will in turn result in the creation of more production jobs for U.S. citizens.

How Does Future President Biden Plan to Carry Out “Made in All of America” Scheme

Part of President-elect Biden’s plans for the economy includes adding a 10% tax on U.S. firms with overseas manufacturing affairs. This is to discourage and counter potential loopholes that make it possible for multinational US firms to conceal from the Internal Revenue Service (IRS) their actual profits from offshore operations. As an incentive, the new POTUS will recommend proposals in helping local businesses reinforce their operations by being rewarded with a 10% tax credit.

However, with all the President-elect’s plans for the country, such as major investments for restoring the country’s collapsing infrastructure and improving the education system, the Biden administration will require a substantial amount of federal funding in order to achieve such goals. One of the main considerations is to increase taxes imposed on well-off American citizens, as this would offset the $1.5 trillion tax savings that the wealthy sector enjoys through the Trump administration’s introduction of tax cuts for the country’s billionaires.

Moreover, as American manufacturers strive to produce 100% Made in America products, commitment to this program will reduce if not eliminate the demand for Chinese raw materials, components and spare parts. If this plan succeeds, there will be no complaint about the huge gap between U.S. and China Trade. Mainly because the U.S. will no longer be buying more Chinese products than what China buys from the U.S.

Still, financial analysts and trade experts cite certain drawbacks that will make it difficult for the Biden administration to achieve such goals. Since they are still plans, they need legislations to which Congressional approval depends if the Democratic Party will take away majority control of the Senate House from the Republicans.

During Trump’s term, the Republicans maintained majority control, which Republican Senate Majority Leader Mitch McConnel exploited by blocking if not voting down nearly all House Democratic proposals passed on to the Senate. In fact such actions earned him the moniker “Grim Reaper” of which McConnell took pride as a title. .

Businesses Might Clamor for the Immediate Rollback of Tariffs Imposed by Trump on Chinese Imports

According to trade experts, while the president-elect may be tied to his Made In America pledge, he will also be forced to lift Trump’s tariffs on Chinese goods. Doing so will remove a leverage that President Biden could use in negotiating trade concessions with China. While the policies to support the Made in America program is still in the pipeline, or at worst blocked by the Senate Grim Reaper, local manufacturers and business could clamor for the reversal of the tariffs as they are additional costs being borne by US importers.

Many Gig Workers in a Limbo, as Talks on 4th Stimulus Stalled

While negotiations over the 4th coronavirus relief package have stalled, the gig workers are hurting the most, as many have since been living their lives in a limbo. Although Trump signed an executive order for extending the direct payment unemployment check, the order reduced the financial aid down to $400, out of which only $300 will be delivered as direct assistance to American citizens. The $100 dollar difference will go to state coffers as supplementary funding for their respective Corona Relief Fund.

Moreover, Trump’s executive orders (EOs) only caused the talks to drag longer. making the Republicans less enthusiastic since the EOs give the appearance that some legal assistance is already in place. Notwithstanding that Trump’s executive mandates are unconstitutional because in effect, he is bypassing the required congressional approval.

Besides, there are other unaddressed issues that need resolutions, particularly the plight of gig workers and their eligibility, or rather ineligibility, to receive state unemployment benefits.

Although the CARES Act’s Pandemic Emergency Unemployment Compensation (PEUC) aimed to include the self-employed, the freelance and gig workers as recipients of state unemployment benefits up to December 2020. As it is, many of these groups of workers have been disqualified due to their lack of capabilities to meet state requirements.

In most states, applicants for unemployment insurance benefits must have earned enough wages during a specific base period of employment. Clearly, how gig workers and the like, can qualify for state unemployment benefits is an issue that lawmakers need to tackle in extending the PEUC.

 

What Exactly are State Unemployment Benefits and How are They Funded?

Unemployment benefits are actually the financial assistance that employed citizens of a particular state can claim, when they become involuntarily unemployed. However, persons who become unemployed must not have caused the reason/s for the loss of work. Moreover, they must meet certain eligibility requirements stipulated under the laws of the state granting administrating the unemployment insurance program.

Unemployment benefits are derived from the unemployment insurance trust fund that is financed through payroll taxes paid by employers as Federal Unemployment Tax Act (FUTA) This payroll tax, is due on the first $7,000 of a workers’ earnings to be remitted as insurance coverage for state workers in case of involuntary unemployment.

In the event the state unemployment insurance funds are not enough, state governments can draw from the state reserves; and if still not enough, a state government can borrow from the federal fund. Currently, several state governments still have outstanding federal loans used in funding the unemployment benefits of laid off workers.

Self-employed, freelance and gig workers do not have the protection of the unemployment insurance fund but were given special privilege under the PEUC. Still, their occupation has placed them in a situation where they are unable to meet some state eligibility requirements.

How Proactive Entrepreneurs Thrive Amidst COVID-19

While it has been common to read news about businesses shutting down and losing revenue, it’s also inspiring to read about those that are thriving.
The Centers for Disease Control and Prevention (CDC) had announced early on that the spread of novel coronavirus outbreak in the country is imminent; and that it was only a question of when it will happen. Many proactive business entrepreneurs took stock of their mitigation plans and immediately devised alternative plans.

While others waited and held on to hopes that the novel coronavirus crisis will just be another case of SARS, H1N1 or Ebola that did not greatly affect the country. One thing that many people had overlooked was that the country’s current president does not believe in making decisions based on scientific information.

In local governments like those in the San Francisco Bay Area, public health officials supported by public health experts in their communities, declared the need to put their regions under lockdown to prevent the spread of the contagion. To which, mayors and later, governors did their part by supporting their public health official’s call for a lockdown. Not a few entrepreneurs realized too late that a lockdown also meant shutting down of businesses engaged in providing or trading nonessential goods and services.

Nonetheless, some others lost no time in making changes or taking proactive steps to keep their business afloat in the midst of the global pandemic.

Proactive Steps Taken by Entrepreneurs Who Continue to Thrive During the Health Crisis

Some took note of how China’s neighboring countries were dealing with the outbreak, and what small businesses were doing in order to face the challenges they were facing.

Most business organizations in countries like Malaysia and Singapore, immediately appealed to landlords of commercial properties, to defer collection of rental payments in light of their diminished capacity to generate sales. Many commercial space renters in the U.S. put forward the same appeal to their landlords and property managers in preparation for the inevitable.

Other American businesses took to improving and enhancing their online stores and delivery services. Some others were quick to devise plans that entailed shifting to products regarded as highly usable during a pandemic, such as hand sanitizers, alcohol and disinfectants.

 

Instead of making car stain removers, one entrepreneur shifted to manufacturing alcohol and hand sanitizers. Another example is one where production of visors and caps halted to give way to the production of face masks.

Many developers were quick to release new educational and other child-friendly apps designed to keep children as schools were the firsts to close down. Not a few, simply applied financial management strategies hand in hand with the principles of crisis management in running their business.

Senator Warren Leads Calls for SEC to Investigate Possible Insider Trading of Defense Firms’ Stocks

Days before Trump’s order to launch the drones that killed Gen. Qasem Soleimani was carried out, the U.S. president was reportedly dropping hints to his Mar-a-Lago guests that “something big was about to happen in Iran.”

In separate reports following the killing of the Iranian general, the stock market reported that while a range of major indices showed a sharp decline in stock market performance, there was a corollary surge in the trading of defense stocks.

Stock market analysts noted that contrary to historical trends, defense stock trading usually doubles within six months after a critical Middle East event had transpired. Yet a week after the so-called big Iran-event that Trump hinted to his Florida resort guests, trading immediately saw stocks of aerospace and defense weapons companies taking palce vigorously.

Did Mar-a-Lago Guests Benefit from Trump’s Hints

Now, Democratic Senators Elizabeth Warren and Chris Van Hollen, are calling on the Securities and Exchange Commission (SEC) to investigate if Trump’s Mar-a-Lago hints to his guests, prompted the massive trading of defense stocks; on whether the Mar-a-Lago guests are among those who benefited from the strong trading of defense stocks a few days after Trump’s Iran order was carried out.

In a letter which the Democratic presidential contender addressed to the SEC and the Commodities Futures Chairmen, she and Senator Van Hollen called for an investigation to determine if President Trump’s handling of sensitive and classified national security information did not result to insider trading.

Sen. Chris Van Hollen, D-Maryland is a prominent member of a Senate subcommittee overseeing investments and securities.

Is Bitcoin Harbinger of Good News?

Back in the days, only few people thought of Bitcoin. But now, it is starting to make a huge impact in the world as a whole. Alongside this is the number of people who want to learn to use bitcoin trading bot to take advantage of the trend that’s happening.

News surrounding Bitcoin and all other blockchain and cryptocurrencies are followed by the millions. From private companies, banks, investors and even the government, they seemed to show genuine interest in such. Whether seeking a way to become rich or warning for a possibility crypto bubble, most people are accepting Bitcoin to have a major impact on a nation’s economy.

In the next lines, you are going to learn how cryptocurrencies are affecting an economy and whether it is good or bad.

Goodbye Middlemen

Among the main features for using Bitcoin is the fact that it does not need intermediary similar to what a conventional currency does. Instead, of a bank or central institution to validate the transaction, users of currency are verifying it in decentralized manner.

This has actually made countless banks worried for cryptocurrencies are eliminating their service. Due to the reason that they do not need to pass through several parties, transactions can be done quickly and faster.

Separating Transactions from Native Currencies

For the sake of this subject, let us focus on US dollar which acts as reserve currency for world’s economy and the mainstream option for doing financial transactions. That’s the major source of power that America has and it too has enabled US and other nations to place economic sanctions among other countries.

Transactions involving cryptocurrency however do not need US connections. Because it’s providing financial actors a method to take part in global economy and navigate through US economic policies.

Lifting Barriers to Entry

Cryptocurrencies have empowered entrepreneurs as well in bypassing the traditional routes of raising funds for blockchain and crypto-related businesses. Instead of persuading the entrepreneurs as well as banks to invest in their project, they could actually bypass this regulation via ICO or Initial Coin Offering.

Basically, ICO is almost the same with initial public offering, to which a company is offering shares in the company for best possible time. Truth is, numerous countries began putting restrictions on ICOs for one, no Securities Exchange Commissions are regulating it. The fact that this method of fundraising approach receives so much attention, it shows that it is quite disruptive.

Moody Analytics Foresees A Global Recession in the Next 12 to 18 Months

Mark Zandi, Moody’s Chief Economist warns that the possibility of a recession transpiring in the next 12 to 18 months is uncomfortably high. He opines that the reality of a recession will happen if things do not turn out as planned.

According to the Moody analyst, a recession can be avoided if president Donald Trump does not escalate the tariff war with China, and if the UK arrives at a favorable solution to Brexit. Mr. Zandi also factors in the ability of central banks to maintain monetary stimulus. Still, he foresees that even if a recession does not occur, he predicts that the global economy will be much weaker, since he doubts if policymakers will be able to alter the current trend.

Although other economists do not agree with Mr. Zandi’s prediction about a forthcoming recession, they acknowledge the likely possibility of having a devitalized economy.

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According to Professor Eswar Prasad of Cornell University, relying on consumer spending alone is not a sustainable condition. It has helped support growth in various economies but also faltered in other sectors. The professor stated that the key to economic growth is a set of policies aimed at reviving business and consumer confidence in order to boost investments.

Current Trend of Economic Activities in the U.S.

A recent poll conducted by Bankrate.com revealed that in the United States, most Americans have not actually recovered from the blows dealt by the 2008-2009 Great Recession. The latter event left many American households with fewer reasons to celebrate. Bankrate.com’s Sr. Economic Analyst, Mark Hamrick, said they found out that tens of millions of Americans are still struggling to even go back to their previous condition before the economy went south and took a turn for the worse.

Their latest survey showed that more than half of the American adults who went through the Great Recession said they experienced some kind of adverse financial impact. To which half of them said that they are even doing worse now, compared to how they were before the financial crisis of the previous decade took place

Such findings can be supported by the American Association of Retired Persons (AARP) data that shows more than half of American households today are without emergency savings.

Correspondingly, the U.S. Commerce Department came out with a report indicating that consumer retail spending fell for the first time since February of this year. Although August retail-spends went up by 0.6%, September saw a 0.3% drop; providing a clear sign that at present, the U.S. is experiencing slow economic growth.

Affected by the 0.3% slash in household spending are the online retailers, sellers of building materials and automobile dealers. According to the report, the decline in retail spending became apparent in February.

Trump Softens 10% Tariff Threat in Response to China’s Suspension of US Procurements and Yuan Devaluation

Unable to stand the economic pressure created by China’s counter-offensive of suspending the country’s procurement of US agricultural products, president Trump softens a bit by modifying coverage of the 10% tariff and by moving effectivity date to December 2019.

Typical of Donald Trump, he proclaims that the move is his way of making the new 10% tariff irrelevant to Christmas; and not as an acknowledgment that his tariff bullying against China has no effect.

Unlike Beijing’s claim that China can sustain its projected economic growth for 2019, despite yuan devaluation, Trump cannot offer similar assurances to the U.S. farmers who stand to lose its 4th largest buyer of farm products. In fact the yuan devaluation can even backfire and destroy Trump’s vision of collecting billions in additional taxes on Chinese goods that will enter the U.S.

China’s yuan devaluation actually brought down the exchange rate between U.S. and Chinese currencies: USD1 : CNY 7. The devaluation means it will only cost US importers only around USD 1 to buy every CNY 7 worth of Chinese goods. That being the case, the lowered value practically offsets whatever additional tariffs they have to pay on importation of Chinese goods come September 01 and December 01, 2019.

E en if the 10% tariff pushes through, U.S. importers of Chinese goods therefore, will not pay heavy tariffs that they subsequently pass on to retailers, and eventually to consumers.

Splitting of Goods in Deferment of September 01, 2019 10% Tariff to December 15, 2019

In trying to put a brave front, POTUS Trump still intends to impose the 10% tariff by September 01, 2019 but not on all Chinese goods as previously planned.

The September effectivity will be imposed on imported various agricultural products, clothes, footwear, kitchenware and antiques. According to Bloomberg News, the total value of which is around USD110 billion.

An estimated $2 billion worth of China-made products such as bibles and shipping containers will be eliminated from the list of goods subject to the impending 10% tariff imposition.

The bigger lot that includes electronic items like smartphones and laptops as well as children’s toys, which Bloomberg estimated as worth USD160 billion, will be subject to the 10% tariff after December 15, 2019.

Modifications on Trump’s chaotic tariff policies are still subject to the outcome of another round of talks being set up by U.S. negotiators with Chinese trade officials. Although Trump claims that Beijing wants to renegotiate for a better deal, Commerce and Foreign Ministries at Beijing’s end is not responding to faxes seeking confirmation of Trump’s current claim. .

Working Capital : What is It and How is It Determined?

Working Capital has been defined in several different ways. Some call it the lifeblood of a going concern. Others define it by describing it as the amount of seed money invested in a business for purposes of meeting the day-to-day needs of “a going concern.” Some others refer to Working Capital as the Net Worth of a business, using the formula:

Working Capital = Total Current Assets – Total Current Liabilities

Yet for those who have very little or no idea about Current Assets and Current Liabilities, Working Capital as a concept may be difficult to discern. .

Understanding the Concept of Working Capital Elements

A business is a “:going concern” if it is in constant operation to generate sales. As such, its Working Capital will keep the business running continuously. The value of which is determined by the Current Assets and Current Liabilities of an entity.

Current Assets

Available business funds used to support the selling activities and to purchases sellable goods are simply labeled as Cash. If the business is a trading concern, the sellable goods are called Merchandise Inventory. Inventory may have other descriptions, such as Raw Materials, Raw Materials in Process or Finished Goods, Inventory by any other name is a Current Asset since they will likely be sold and converted into Cash within a short period of time.

In some instances, goods are sold on credit; denoting that the sale will not immediately increase available Cash. in such cases, sales on credit be distinguished by being classified as Account Receivable. Ideally, Accounts Receivables are collected within a short period of time so that they will immediately become part of Current Assets. .

When a “going concern” is having a good run, more than enough cash may be amassed. If so, it is a good practice to place extra funds in short-term investment instruments such as stocks, or bonds. That way, even excess money can have a chance to grow while invested. Collectively, they are classified as Marketable Securities. They can easily be sold or converted into cash, they also form part of the Current Assets of the business.

Take note that for an asset other than Cash, to form part of the Working Capital of a business, it must be Current or one that can be easily liquidated in cash form.

Current Liabilities

Current Liabilities include trade credits that allow businesses to procure inventory and other business necessities on short-term bases. Credit purchases do not earn interest for as long as the obligations are settled according to the terms of credit, which can be as short as 10 days or 180 days at the most.

In cases when a business is unable to generate additional cash funds by way of sales, fund may be secured by way of short-term loans. Payment terms include interests, and amortized monthly up to 12 months. Inasmuch as there is a need to settle obligations periodically in less than a year, they are also classified as Current Liabilities.

Total Current Liabilities are then deducted from the Total Current Assets when determining how much Working Capital is being used by a business.

Starting and Growing a Business : Important Things to Consider

So you have a great idea for a startup business and the only thing that is holding you back is your need for additional business funds. First off, start by being a wise investor yourself, by exposing you and your assets to as little risk as possible. Do not throw all your eggs into one basket, so to speak, once you decide to turn your business idea into a full fledge business venture.

Just a piece of unsolicited advice, start small, maybe as a home-based business at first. As much as possible, veer away from the notion of securing a business loan to avoid being burdened with interest expenses and other financing charges. Your initial goal is to prove the viability of your business, then evaluate other aspects that need room for improvement or expansion.

Once your startup business picks up, and shows signs of potential growth, then you will have made your startup business a venture worth investing on. That is the first thing that most most business fund providers look into when looking for a good investment product.

At that stage, it would be unwise to wait until you have raised additional funds for expanding your home business, into something that has more form and structure as a business enterprise . Your goal this time is not lose the momentum for business growth, even if you have to seek additional funding from outside investors or financing institutions.

Potential Sources of Funding for Growing Your Startup Business

 

Love Investors

When looking for outside investors, look for them first in your circle of family and friends. If there is anyone willing or interested, let them in as investors. Doing so will put less strain and money-pressure on you and your business. Agreements with love investors are after all less constricting, when it comes to repayment terms and conditions.

However, try not to destroy their faith in you, because it will do you more harm than good. Building a good reputation in handling business obligations, even with informally contracted love debts, is valuable; especially if you want to grow your business further.

Banks and Other Financing Institutions

Keep in mind that banks and other lenders often require a specific period in which you have already operated a business even with minimum success. Lenders also want to make sure that they will be investing on a venture that has great potential to pay, not only the principal but also the interests that come with financing. This is why business reputation is worth more than the dollars you earn or keep by not honoring your obligations and commitments.

SBA Microloans

If you are a member of a minority group, or a business woman or a veteran, checkout your eligibility for a microloan being extended by the government’s Small Business Administration (SBA). The SBA is actually a program that coordinates with non-profit, community-based lenders who are willing to grant loans ranging between $500 and $50,000 at a minimum interest rate and up to a maximum term of 6 years.

Still, in light of the easy terms by which microloans are granted, you have to apply for one as early as possible. There are many like you, also seeking to obtain funds for a startup business, which means it will take time before your application gets processed.

Business Capital Investors

Business capital investors are different from lending institutions because the funds they intend to infuse will be in the form of semi-fixed investment, such as having a share in the ownership of a company, usually as a stockholder or as a bondholder.

Although they have greater capacity in providing larger funds, they also want to make sure their investments will grow by taking part in the decision-making processes. In case they are not satisfied with how the business is being run, capital investors have the option to pull out their investment when deemed necessary.

The Power of Mobility in Finance: Transformative Role of Trading Apps

mobile trading

The financial landscape is undergoing a revolution, and at the heart of this transformation lies the incredible power of mobility. In an era where information travels at the speed of light, accessibility is key, and the rise of trading apps has reshaped the way individuals engage with finance, influencing economic strategies on a broader scale.

Mobile trading apps like Exness play a pivotal role in fortifying the economy by fostering increased participation and diversity within the financial markets. As these apps provide individuals with seamless access to trading opportunities, a broader spectrum of the population can actively engage in economic activities.

The democratization of finance through mobile accessibility ensures that even small investors can contribute meaningfully to market movements, creating a more inclusive and dynamic economic environment.

Embracing Financial Freedom

Gone are the days when trading was confined to bustling stock exchanges, accessible only to a select few. The advent of trading apps has democratized finance, putting the power of investment directly into the hands of individuals. Whether you’re commuting to work or relaxing at home, the trading app on your mobile device ensures that opportunities in the financial market are always within reach.

  • Accessibility Redefined: Trading apps break down traditional barriers, allowing users to participate in the stock market anytime, anywhere.
  • Real-Time Decision-Making: The instantaneous nature of mobile access enables users to make split-second decisions, reacting promptly to market changes.

Empowering Individuals in Financial Decision-Making

The significance of trading apps extends beyond mere accessibility; it lies in the empowerment of individuals to actively engage in trading activities with confidence and knowledge. These apps serve as educational tools, guiding users to make informed financial decisions that align with their goals.

  • Learning on the Go: Trading apps provide educational resources, turning the trading journey into a continuous learning experience.
  • User-Friendly Interfaces: With simplified interfaces, these apps make complex financial information comprehensible to users with varying levels of expertise.

Contributing to the Economic Landscape

The impact of trading apps goes beyond individual empowerment, influencing the broader economic landscape. As more individuals actively participate in trading, the market becomes dynamic, responsive, and reflective of diverse perspectives. This active involvement has the potential to stimulate economic growth and resilience.

  • Market Diversity: Increased participation diversifies the market, creating a robust and adaptable financial ecosystem.
  • Small Investors, Big Impact: Trading apps enable even small investors to contribute meaningfully to market movements, fostering a more inclusive economic environment.

Navigating Challenges in the Mobile Trading Sphere

While the benefits of trading apps are evident, it is essential to acknowledge and address the challenges that come with the territory. Security concerns, technological glitches, and the need for financial literacy remain crucial aspects that demand attention.

  • Security Measures: Trading apps must continually enhance security protocols to safeguard user information and financial transactions.
  • Technological Advancements: Continuous technological updates are vital to ensure seamless user experiences and prevent potential disruptions.
  • Financial Literacy Initiatives: Efforts to enhance financial literacy should run parallel to the growth of mobile trading, ensuring users make well-informed decisions.

Future Trends: Evolving Finance Through Mobility

Looking ahead, the trajectory of finance is inseparable from the influence of mobile trading. The future holds exciting possibilities, from the integration of artificial intelligence for personalized investment strategies to the exploration of new financial instruments within the mobile sphere.

  • AI Integration: Trading apps will likely incorporate AI to provide users with tailored investment recommendations based on individual preferences and market trends.
  • Cryptocurrency on the Rise: The growing popularity of cryptocurrencies may see further integration into trading apps, offering users diversified investment options.

READ ALSO: Understanding Market Balance In Forex Trading

Conclusion: Empowering Tomorrow’s Investors

In conclusion, the power of mobility in finance, epitomized by trading apps, is shaping a new era of individual empowerment and economic contribution. As we navigate this evolving landscape, it is crucial to recognize the responsibility that comes with financial freedom. By fostering accessibility, promoting education, and embracing innovation, we pave the way for a future where everyone can be an active participant in the dynamic world of finance.

Filing a Car Accident Lawsuit in Florida to Obtain Full and Fair Compensation

The availability of a Florida lawsuit funding gives car accident victims the fortitude to go to court and seek sufficient compensation for economic and non-economic damages.

car accidentIn Florida, if a car accident resulted in severe injuries that cost more than the insurance coverage of the victim’s Personal Injury Protection insurance, a lawsuit can be filed directly against the other driver. It’s a way to claim additional compulsory damages caused by the auto accident.

However, some are worried that they’ll go to court for naught. As it is, the state of Florida follows the No-Fault Injury rule, which holds both parties to a car accident accountable for the damages caused by the accident.

Many car crash victims are apprehensive over filing a lawsuit to seek compensation for non-economic damages that resulted in their disability to work. They worry that filing a lawsuit could only hasten the reduction of the amount they received as insurance proceeds. After all, doing so requires the incurrence of additional legal expenses that most victims aren’t prepared to shoulder.

Obtaining a Florida Lawsuit Funding to Seek Additional Accident Claims

When filing a lawsuit seeking additional car accident claims, it’s important to get a highly experienced lawyer to handle the case. Seasoned lawyers also know of lawsuit loan companies that provide financial assistance to car crash victims seeking full compensation. That denotes other compulsory damages, including non-economic losses will be recognized for compensation.

Actually one of the eligibility criteria that lawsuit loan companies consider when granting a lawsuit funding is the involvement of a reputable personal injury lawyer. The latter will in fact collaborate with the funding company in taking legal action on behalf of the victim.

Taking legal action to obtain fair and full compensation while struggling financially, is common in Florida. However, the process is not as easy as it seems. That is why a lawsuit funding company will assess the victim’s likelihood of being awarded the amount of compensation he seeks.

After all, the lawsuit funding company cannot demand payment from the victim but will rely solely on the proceeds of the lawsuit loan.

TikTok Marketing: Unlocking the Potential of Short-Form Video Content

business on tiktok

Staying ahead is crucial for businesses looking to connect with their target audiences effectively through digital marketing. One platform that has taken the marketing world by storm is TikTok, and it’s not just for dance challenges and viral trends. Small businesses understand the power of getting TikTok views and are tapping on these views from real audiences. In this article, we’ll delve deep into the realm of TikTok and explore how businesses can leverage the power of short-form video content to boost their marketing and brand promotion efforts.

The TikTok Phenomenon

Understanding TikTok’s Appeal

TikTok, with over a billion monthly active users, has transcended its status as a mere social media platform and become a cultural phenomenon. Its appeal lies in its bite-sized videos, usually spanning from 15 to 60 seconds, which captivate viewers with creativity, humor, and relatability. This unique format offers an opportunity for businesses to connect with a vast and diverse audience, irrespective of their niche.

The Algorithm Magic

At the heart of TikTok’s success is its recommendation algorithm. TikTok employs machine learning to analyze user behavior and preferences, serving them content tailored to their interests. This means that if you create engaging content, TikTok’s algorithm will help you reach the right audience, potentially making your video go viral.

Crafting Your TikTok Marketing Strategy

Defining Your Goals

Before diving into TikTok marketing, it’s crucial to define your goals. Are you aiming to increase brand awareness, drive website traffic, or boost sales? Knowing your objectives will guide your content creation and overall strategy.

Authenticity Wins

TikTok users appreciate authenticity. Gone are the days of polished, overly produced ads. To connect with your audience, show the human side of your brand. Share behind-the-scenes glimpses, employee stories, and user-generated content to build trust and rapport.

The Power of Hashtags

Hashtags are the lifeblood of TikTok. They categorize content and make it discoverable to users interested in specific topics. Research trending hashtags related to your industry and incorporate them into your videos to increase visibility.

Tips and Best Practices

Engage with Trends

TikTok thrives on trends, and jumping on the bandwagon can boost your visibility. Keep an eye on popular challenges, sounds, and effects, and find creative ways to incorporate them into your content.

Collaborate and Partner

Collaborations with influencers or other businesses can broaden your reach. Partnering with TikTok creators who align with your brand can expose you to their dedicated followers, expanding your audience.

Real-World Success Stories

Chipotle’s TikTok Triumph

Chipotle, the renowned fast-food chain, embraced TikTok with open arms. Their #GuacDance challenge went viral, encouraging users to show off their dance moves for free guacamole. This campaign not only garnered millions of views but also boosted in-store sales.

Ocean Spray’s Fleetwood Mac Moment

Ocean Spray’s TikTok moment came when a user created a video skateboarding while sipping Ocean Spray cranberry juice and listening to Fleetwood Mac’s “Dreams.” The video went viral, inspiring countless recreations and revitalizing the brand’s image.

Measuring Success and Adapting

TikTok provides valuable analytics to track your video’s performance. Monitor metrics like views, likes, shares, and comments to gauge audience engagement. Don’t be afraid to adjust your strategy based on what works best.

READ ALSO: Financing Yourself Through Affiliate Marketing

Conclusion

In conclusion, TikTok’s influence on the marketing landscape is undeniable. Its short-form video format and dynamic algorithm provide businesses with a unique opportunity to connect with their target audience in creative and engaging ways. By setting clear goals, staying authentic, and embracing TikTok’s trends and features, you can unlock the full potential of short-form video content for marketing and brand promotion.

 

Diamond Jewellery in Hyderabad: An Alluring Investment Opportunity?

diamond jewellery in hyderabad

Diamond jewellery has always been a symbol of elegance and luxury. In the city of Hyderabad, this sentiment is taken to new heights with its rich history of diamond mining and cutting. Hyderabad is renowned for its exquisite craftsmanship and the availability of high-quality diamonds, making it a prime destination for diamond enthusiasts and investors alike. This article explores the allure of diamond jewellery in Hyderabad and delves into why it presents a promising investment opportunity.

The Legacy of Hyderabad’s Diamond Industry

Hyderabad has a long-standing association with diamonds, dating back to the era of the Golconda Kingdom. The region was a prominent hub for diamond mining, and its Golconda mines were renowned for yielding some of the world’s finest diamonds, including the famous Koh-i-Noor and Hope diamonds. The expertise and artistry of Hyderabad’s diamond cutters and jewellers have been passed down through generations, establishing a legacy of exceptional craftsmanship.

Unparalleled Craftsmanship and Design

Hyderabad’s jewellery artisans are renowned for their impeccable craftsmanship and attention to detail. They possess a unique ability to transform raw diamonds into stunning works of art. Each piece is carefully handcrafted, ensuring that the jewellery not only reflects the beauty of the diamonds but also tells a story of traditional craftsmanship. From intricate necklaces and earrings to mesmerizing bracelets and rings, Hyderabad’s diamond jewellery showcases a blend of classic designs and contemporary aesthetics.

A Plethora of Choices

One of the reasons why diamond jewellery in Hyderabad is so captivating is the wide array of choices available. Whether you are looking for a dazzling engagement ring, a statement necklace for a special occasion, or a pair of elegant diamond earrings, Hyderabad’s jewellery stores offer an extensive range of designs to suit every taste and preference. From timeless solitaires to elaborate diamond-studded creations, there is something for everyone.

Investing in Diamond Jewellery

Beyond its aesthetic appeal, diamond jewellery in Hyderabad also presents an enticing investment opportunity. Diamonds have long been considered a store of value and a hedge against inflation. Their rarity and enduring demand contribute to their investment potential. As the global economy continues to evolve, many investors are diversifying their portfolios by including alternative assets like diamonds.

Factors to Consider

When considering diamond jewellery as an investment, several factors should be taken into account. Firstly, it is essential to focus on the quality of the diamonds. Factors such as the cut, color, clarity, and carat weight determine a diamond’s value. Investing in certified diamonds ensures their authenticity and quality.

Secondly, choosing reputable jewellers is crucial. Hyderabad boasts numerous renowned jewellery houses with a reputation for ethical sourcing and transparent pricing. By selecting a reputable jeweller, investors can have peace of mind knowing they are purchasing authentic and ethically sourced diamonds.

The Timeless Appeal

Diamond jewellery holds a timeless appeal that transcends generations. It is a symbol of love, commitment, and celebration. Whether it is an engagement ring passed down through the family or a necklace worn on a special occasion, diamond jewellery carries sentimental value and can be treasured for a lifetime. This enduring appeal adds to its investment potential, as the demand for diamonds remains strong.

Read also: How To Finance Early Stages Of Towing Company

Conclusion 

Hyderabad’s diamond jewellery industry offers an alluring blend of exquisite craftsmanship, diverse designs, and investment potential. With its rich legacy and a vast selection of high-quality diamonds, Hyderabad is a destination that captivates jewellery enthusiasts and investors alike. The beauty, rarity, and enduring value of diamonds make them not only a fashion statement but also a promising investment opportunity. So, if you are seeking a touch of elegance and a valuable addition to your investment portfolio, exploring diamond jewellery in Hyderabad might just be the perfect choice.

How Jewelry Shops Benefit the Economy

Jewelry is a major global industry, and the whole economy benefits from it. Jewelry stores are everywhere in the world. There are many different types of shops that sell jewelry. The most popular ones are the ones that sell high-end jewelry, such as diamond rings and necklaces. The top best jewellery shops in hyderabad list ranking have a lot of employees to help customers find what they want and to take care of them when they make purchases.

Jewelry also makes up a large percentage of the retail sector in many countries, with an estimated $1 trillion being spent on jewelry in 2016 alone. Jewelry stores employ a lot of people, making them one of the most important industries for employment around the world today.

Sribhavanijewels

Why are jewelry shops so important to the economy?

Jewelry is a unique product that is both an expression of personal taste and a symbol of social status. It has been used as a form of currency and as a form of payment in some parts of the world.

Jewelry shops are important to the economy because they provide employment, revenue, and local services. They contribute to the local economy by providing jobs for people who live in their community. The revenue generated from these businesses can be reinvested in other sectors like education or healthcare.

Jewelry is not just about fashion or status. It plays an important role in many different cultures around the world. In some cultures, jewelry stores are also considered to be spiritual places where people go for guidance, healing, and inspiration.

Jewelry shops are a major economic driver

Jewelry stores have a long history. They have been around for centuries, but in the last decade, they have become a major economic driver. In 2017, US jewelry stores generated over $42 billion in revenue. The total number of people employed by jewelry stores is also significant. There are over 1 million people working as jewelers and salespeople in the United States.

The US Bureau of Labor Statistics (BLS) indicates that there will be a 5% increase in employment opportunities for jewelers and salespeople by 2024. This is due to the increasing demand for luxury goods and more people becoming aware of their value.

Unpacking the Economic Impacts of Coin Futures and Cryptocurrencies

The Future of Cryptocurrency

 

The economic impact of coin futures and cryptocurrencies is a topic that has received a lot of attention in recent years. As the cryptocurrency market continues to grow, the rise of coin futures (코인선물) and other financial instruments based on cryptocurrencies has led to both opportunities and challenges for the global financial system. In this article, we will examine the economic impact of coin futures and cryptocurrencies, and explore their potential implications for the future of money and finance.

Impact on Investment

One of the main economic impacts of coin futures is their effect on investment. Coin futures provide investors with a new way to speculate on the future price of cryptocurrencies, allowing them to take advantage of market trends and movements without actually owning any digital assets. This has led to increased investment in the cryptocurrency market, and a surge in demand for new and innovative financial instruments based on cryptocurrencies.

The rise of coin futures has also led to increased competition in the financial sector, as traditional financial institutions seek to adapt to the changing landscape and provide new investment opportunities to their clients. This has led to the development of new and more sophisticated financial products, including derivatives and other investment vehicles based on cryptocurrencies.

Impact on Regulation

Another important economic impact of coin futures and cryptocurrencies is the effect they have had on regulation. The decentralized and often unregulated nature of cryptocurrencies has raised concerns about investor protection, market stability, and the potential for criminal activities such as money laundering and fraud. This has led to increased scrutiny from regulators and a growing debate over how best to balance innovation and growth in the sector with consumer protection and the stability of the financial system.

In some countries, regulators have embraced the rise of cryptocurrencies and have worked to create a regulatory framework that supports innovation and growth in the sector. In others, regulators have taken a more cautious approach, seeking to protect their existing financial systems and reduce the risks to consumers and the financial sector. The impact of regulation on coin futures and cryptocurrencies will continue to be a key issue in the coming years, as the market continues to evolve and grow.

 

ALSO READ: Impact Of Cryptocurrency On The Global Economy

 

Impact on the Global Financial System

The rise of coin futures and cryptocurrencies has also had a significant impact on the global financial system. The decentralization and disintermediation of the financial sector that cryptocurrencies and coin futures represent have challenged traditional financial institutions and sparked a new era of innovation and change in the financial world.

The impact of cryptocurrencies and coin futures on the global financial system is still unfolding, and the future of this new and rapidly evolving market remains uncertain. However, one thing is clear, the rise of cryptocurrencies and coin futures has the potential to significantly change the way we think about money, finance, and the role of government in the financial sector.

Conclusion

The economic impact of coin futures and cryptocurrencies is complex and far-reaching. As the market continues to evolve and grow, it is likely that the economic, regulatory, and political landscape will continue to change and adapt. Whether cryptocurrencies and coin futures will have a positive or negative impact on the global financial system remains to be seen, but one thing is certain, they have challenged the traditional financial systems and sparked a new era of innovation and change in the financial world.

Impact Of Cryptocurrency On The Global Economy

The digital economy is a modernized global currency structure. This concept signifies the entry of the world economy to a new level. The global economy improved by technological advances has brought a new industry. It is a digital data format, digital money, and various brokers for trading CFDs, such as the immediate edge app.

Cryptocurrency is a digital part of the electronic economy

Crypto is the imaginary monetary element of financial turnover in the electronic economic system. The advent of a new direction in the world economy has had a significant impact on the development of many countries. And from year to year, cryptocurrency is becoming more and more in demand.

Digital money has made a tremendous contribution to human life. And although many do not know about the existence of imaginary coins, consumer demand is constantly growing. There are many examples where cryptocurrency influenced the continued existence of certain individuals.

The position of cryptocurrency in the financial market is becoming more stable every year, although recently digital money has entered this sphere. Every year the list of companies and countries that have recognized digital money is added. Cryptocurrency has established itself on the financial market as a means of payment. You can learn more about crypto and digital wallets at originstamp.

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Digital currencies shape the economy and global money turnover

Since the digitization of data in the modern world means the rise of the economy to a new level, the emergence of cryptocurrency is its natural manifestation. The pressure of digital currencies increases from year to year and shapes the economy and global money turnover.

This depends on the following factors:

  • Investing in cryptocurrency is not risky compared to other currencies.
  • Digital money is “free”. This means that the imaginary currency has no permanent owners, while ordinary money is tied to the country’s economic and political situation.
  • The basis of cryptocurrency is demand. Most of the time, such fluctuations can be predicted or generated. The state can also provide stability to cryptocurrencies, but this situation is feasible only in one case, in the competition between cryptocurrencies.

Trust in cryptocurrencies in the financial sector must be won. The fundamentals of digital currencies should be based on technologies that rely on regulations and technical certifications. This means that the trust figures of the digital economy will be private users.

In order to expand the potential of cryptocurrency, you have to make a connection between industry, law, and education. Digital money shouldn’t change the world or become a replacement for fiat money. However, it can be a nudge for the emergence of an updated monetary system.

6 Details To Remember When Buying Insurance

 

Most people don’t consider insurance until after they have suffered a loss, an injury, or an accident. You are in the greatest need of cash aid right now. Your insurance provider ought to come through for you by assisting with medical care and life restoration. After all, you pay them for this.
What happens, though, if you don’t conduct your research to find the finest insurance coverage possible? Unfortunately, you can end up with debt that you can’t pay. Before such a loss occurs, now is the best time to get the insurance that best suits your needs.

Here are some things you should keep always do when purchasing insurance. You should browse around, look for deals and services, and think about hiring an agent. Find a plan you afford and make upgrade later. You should also be honest with the insurance company you choose, remember that coverage is not automatic, and update and reassess your policy as needed.
Seven things to keep in mind when looking for the best insurance for you and your family are listed below.

 

1. Search for bargains.

The cost of raising a family is high. Nobody wants to pay more for an insurance. Finding all of the discounts that are offered is one way to ensure that you are receiving the best bargain.
It’s possible for there to be unnoticed discounts on a website. Others might be kept secret by agents for clients who only visit the office. You can request to see all discounts and the requirements to qualify for them.
A multi-policy discount is one popular deal. Discounts for defensive driving, home ownership, or safety equipment are also possible.
Cheap insurance premiums frequently equate to poor customer service and coverage. This is not to argue that highly rated insurance providers cannot provide reasonably priced insurance. Additionally, it doesn’t imply that businesses with lower rates can’t provide comparable coverage and services.
The Better Business Bureau (BBB), the American Customer Satisfaction Index (ACSI), or J.D. Power & Associates are good places to look into a company’s reputation.

2. Think about an agent purchasing insurance.
A certain provider is linked to insurance agents. They are also known as captive agents, such as SR22 insurance Texas. These representatives run their own companies, so it stands to reason that they want to make money while bringing in clients for the supplier. It is more convenient to deal with agents than with suppliers. This is so that someone can respond to your inquiries.

 

3. Keep in Mind That You Can Upgrade Later.

Your financial condition could occasionally make it impossible for you to obtain the protection you require. However, insurance minimums are typically extremely inexpensive. Always buy the bare minimum of insurance that your state mandates. You can avoid paying out of pocket even with the bare minimum insurance coverage.
You have the right to update your policy and include a more complete coverage package once you are able to do so. Giving your insurance agent a “target premium” won’t do any harm. You would ideally be willing to spend this amount for coverage. Progressive, for instance, has a function referred to as the “name your price tool.” This enables you to obtain the protection you require at a cost you can afford.

 

4. Be Open and Honest

Your coverage and premiums are determined by the information you submit when you apply for insurance. But what if you use lies to get a better deal on insurance?
Not at all. Saving a little money is not worth the chance of getting caught and having your insurance cancelled. Frequently, the corporation won’t completely revoke your policy. But after the prices are changed, they’ll probably get in touch with you about paying an extra premium to keep your coverage in place. In the worst instance, if the insurance provider discovers the mismatch, your claim can be rejected. You might also be accused of fraud and reported to various insurance clearinghouses, which would make it more challenging for you to obtain insurance in the future, depending on how serious the misrepresentation was.

 

5. Recognize that automatic coverage is not always available.

They might be automatically protected for a while if you purchase a new car or build additional construction on your property. Typically, you have a set amount of time, say 30 days, to inform the insurance provider of your purchase. Depending on your insurance, this could be more or less.
The same is true when you trade in your car. If you don’t inform your insurance provider, the coverage will temporarily move to your new car. For information on the precise notification requirements of your policy, contact your insurance agent or company.

 

6. Review your insurance.

 

You might undergo a significant life transition at some point, such as a relocation, a marriage, or the birth of children. Your requirements for insurance coverage will alter if this occurs. Even if there have been no important life changes, it is still beneficial to review your policy each year to make any necessary adjustments.
It doesn’t have to be hard to choose the best protection for your family. Utilize all the tools and resources at your disposal to make the process of selecting the ideal coverage easier.

Ways Wholesale Business Owners Manage Their Financing

Becoming a wholesaler requires handling significant capital to invest in inventory and operating costs. To fund your business, you’ll need financing, which can be a complex process. Financing options may also change over time as your business grows or you have opportunities to reinvest profits into new ventures.

There are different types of financing available to wholesalers, all with pros and cons based on your personal situation. Here are ways wholesalers manage their financing and keep their business growing.

Diversification

A key benefit of wholesaling is its ability to give you a diverse set of revenue streams. When you diversify your financing, you’re spreading out your financing sources across different types of lenders.

For example, you may choose to finance half your inventory purchase from a bank loan and the other half from credit cards.

Credit Cards

Credit cards are a common way wholesalers fund their businesses. Credit cards allow you to borrow money against your future sales purchases with a standard interest rate. This can be a great way to get some cash quickly and pay it off over the next 30 days without any out-of-pocket costs. Wholesalers often use credit cards to finance a smaller portion of their inventory.

For example, a wholesale cabinets business may have a $100,000 budget. They may use $20,000 in credit cards to purchase for their inventory.

Partnerships

Partnerships can be a great way to get your wholesale business funded quickly. There are various types of partnerships, including joint ventures, silent partnerships, and equity partnerships. Wholesalers may enter into joint ventures with other wholesalers who have excess cash but lack inventory, products or expertise.

Joint ventures are agreements that allow wholesalers to help one another to grow their businesses. Wholesalers who are just starting out often enter into silent partnerships with experienced wholesalers.

Equity Financing and Managing Inventory Effectively

Wholesalers often have to wait a few months after starting their business before they have a large enough profit to purchase inventory. Equity financing allows you to get a small amount of funding upfront and a larger amount once your business starts generating profits.

And, as a wholesaler, you’re going to have a lot of inventory. This means you have the potential to have a lot of inventory that you need to store, track, and manage. This can be time-consuming and cost you money in extra storage or warehouse space.

Biggest Businesses that can Improve the Economy

The economy is not in great shape, and this has left many businesses worried about how the rest of the world will play out. However, not all businesses are struggling. Some are thriving and growing rapidly. These companies tend to be known as “job creators” because they directly employ a lot of people with their activities.

Fortunately, there are some businesses that can actually improve the economy if more people start them up and invest in them. These kinds of businesses are generally good for the local economy because they produce goods or services that other people want, they pay employees well, and they don’t compete with other local businesses.

The following article lists some of the businesses that can improve the economy.

Food and Dining Services

One of the biggest businesses that can improve the economy if more people start it up is food and dining services. The food service industry is massive, and it has seen strong growth since the Great Recession. The food service industry employs millions of people and generates billions in revenue each year. It is also one of the most consistent sectors of the economy.

One reason why food and dining services can improve the economy is because it generates a lot of revenue. The industry is massive, and there is a lot of money being exchanged in this sector.

Technology

Another business that can improve the economy if more people start it up is technology. Technology has become a huge part of the economy in the last decade or so. There are many different kinds of technology businesses that can improve the economy. Some examples include software and app development, internet and digital marketing, artificial intelligence, robotics, and more.

Technology businesses can improve the economy because they generate billions in revenue and employ millions of people. For example, auto leads company can greatly help the economy to improve because they list potential customers who are willing to pay for an automobile.

Beauty Services

Finally, another business that can improve the economy if more people start it up is beauty services. Beauty services include things like hair styling, makeup application, nail care, and spa services.

These industries have grown a lot in the last decade or so. This is because many women and men are starting to care more about their appearance and are willing to pay a lot of money to look good.

Top Investment That Will Make You Rich

The top investment that will make you rich is real estate. Real estate has been a sound investment, and it continues to be a good bet. Over the last 15 years, U.S. has seen an increase of over 500% in home prices!
However, investing in property can be complicated and not work out as planned. Your investment might be affected by several reasons such as housing market crash, so do your own research first before taking any actions.

A real estate investment can make you rich. You can make money by leasing commercial buildings or apartments or flipping houses.
A top investment is a real estate investment. It is an excellent way to make money. You can either lease out commercial buildings or apartments or flip houses.

Investing in real estate is a brilliant way of building wealth. Whether you’re looking to buy a home for yourself or as an investment.
If you’ve ever watched the show “Flip This House,” you know how much profit can be made when flipping homes.
There are several investment opportunities and it’s important to explore them all before making any decision.

The real estate industry offers a lot of investment opportunities. It’s not as easy as it sounds, though. Many people want to invest in real estate but don’t know how to do it. They worry about the risks and what could happen if they make wrong decisions.
But good thing is that there are ways you can lessen your risk and maximize your success with real estate investing.

The following article breaks down the top three investments that will make you rich in a short amount of time:

1) Investing in a start-up company
2) Investing in stocks
3) Investing in rental properties

Real estate investment is not as popular as it has been, but it continues to be an excellent investment.
The downside is that people often don’t know where to begin. They need to find properties and research them before they buy them. However, because investing in real estate is so popular, many websites offer information about buying and selling properties. This will help people who are just getting started invest their money wisely.

How Net 30 Accounts Help Conserve Business Cash Flow

What is business cash flow?

Business cash flow is the movement of cash within a company. It usually refers to the amount of money that a business has on hand or in its bank account, but it can also refer to the movement of money within a business.

Cash flow management is a key part of running any successful business. To be profitable, it is necessary to have enough cash coming in on a regular basis to cover expenses and pay off debts. The balance between income and outflow of cash can be tracked using a cash flow statement.

Read also: Economy: Factors Affecting Growth And Lawyers

Cash flow is the lifeblood of any company, but it can be hard to grow a business if cash flow is low. How can you increase your cash flow?

In order to keep a company’s cash flow healthy, there are many steps that business owners can take in order to generate more sales, convert sales into cash as soon as possible, and conserve the company’s cash.

The best way to maximize cash flow is through a business model that demands less investment in fixed capital. This can be achieved by using digital, online, or mobile platforms.

Requesting credit terms from your suppliers is a great way to keep cash in your business’s pocket. By doing this, you can buy what you need and defer the payments. This will allow you to have more control over the timing of payments and help your business stay afloat during slow periods.

What are Net 30 Payment Terms?

The majority of small businesses have credit cards as their primary form of payment. However, this can be a risky practice for the business since it is at risk of incurring bad debt and interest expenses. One way to protect your business from this is to ask your suppliers to offer Net 30 accounts.

Net 30 accounts is a type of business account where the customer pays within 30 days. Most businesses prefer this because they are not left with a lot of cash on their hands. They need to focus on taking care of their receivables and improving the speed at which they get paid by customers.

Where to find valid Net 30 accounts? Websites provides a list of valid Net 30 Accounts. You can also get free information about your business credit reports to plan your future capital.

Other Ways To Improve Your Business Receivables

Your business receivables are an important part of your business. They represent the money owed to you by your clients and customers. A few ways that you can improve business receivables include:

  • Ask your customers to complete a credit card application. A business credit application can help ensure that a customer has the ability to pay before they are contracted. They also provide the business with information on the customer’s track record and other valuable data to determine creditworthiness. It is important to have this information before negotiating payment terms and conditions because it may be difficult or impossible for a company to recover unpaid debts.
  • Consider offering discounts or improved terms to your customers who pay promptly and quickly. One of the most important things businesses can do to help increase profit margins is to offer discounts or improved terms to customers who pay promptly and quickly.
  • A minimum deposit on every purchase or service has helped many people increase their savings. Now, rather than spending money on certain things and having no way to save them, they have a place to put down a small amount of money that will grow over time.
  • The issue of invoices should happen as soon as possible and there should be a follow-up strategy to collect. The invoices should be issued immediately after the purchase order has been processed in the system. The customer’s past records with the company can also be taken into account when issuing an invoice.
  • For customers that take a long time to pay, consider collecting payment before delivering goods/services. It is a good idea to collect payment before delivering goods/services. This way, if the customer never pays, it is not as big of an inconvenience, and the company will be at least partially compensated for the time they spent on the project.
  • Offer credit terms to customers when they’ve passed your approval process. Many small businesses offer credit terms to customers after they’ve been approved for a loan. This is great for the customer because they don’t need to pay the full amount upfront, and it’s also great for the business because it allows them to make more sales. These loans are often paid back monthly, quarterly, or annually.

Economy: Factors Affecting Growth and Lawyers

Economic growth is essential for every country. No one can deny this point. On the other hand, top Los Angeles personal injury lawyers can help with economic growth.

Several indicators give clues as to whether an economy is healthy or not. A healthy economy will demonstrate a steady increase in national income and higher levels of employment. This translates into a higher standard of living for everyone living in this country.

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Various factors that play a role in the healthy growth of the economy and top Los Angeles personal injury lawyers

Infrastructure

When a country invests in physical capital, the cost of doing business decreases. Physical capital can include anything from roads to factories to machines. In essence, a fully operational road can ensure that the transported and exported goods get to their destination efficiently, which can increase GDP.

Natural Resources

The discovery of new natural resources can boost the economy of a country. These include oil and mineral deposits. In order to ensure economic stability, countries need to use their natural resources effectively. The reason behind this is that most common natural resources are at risk of being depleted if their use is not regulated.

Technology

Technology is another factor that can have a significant impact on the economic growth of a country. By using the latest technologies, productivity can be increased, resulting in higher performance at lower speeds. Technological progress can lead to sustainable economic growth.

Population

Population growth can lead to increased availability of labor and thus to higher labor force participation. A country’s population can also have a negative impact on the economy as it can lead to an increase in unemployment. There should be a balance between available labor and population.

Human Capital

When a country invests in human capital, it could have a positive impact on the country’s economic growth. Increasing investment in human capital can increase the skills and overall quality of the workforce and ultimately increase productivity.

As you can see, several factors have a direct impact on a country’s economic growth. Economic growth does not happen by itself, and many events and factors can either increase economic growth around the world.

Wallin Hester: Caring about Economic Growth

According to the commonly used definition, you speak of economic growth when the number of goods and services is produced. The growth rate measures the percentage increase in real GDP from year to year.

Why should Wallin Hester know about the economic growth principle?

In principle, economic growth can come about in two ways. On the one hand, it comes through improved capacity utilization. And on the other hand, it is through an expansion of production capacities, for example by purchasing new machines. An important measure of the supply of goods and services is the growth per capita of the population.

Technical progress is one of the determining factors of economic growth. But investments in human capital and in real capital, as well as the infrastructure, define the growth level of an economy. Also, more recent approaches underline the significance of political stability and the institutional framework, i.e. regulatory policy, for growth. These factors and above all the rapid progress in information and communication technologies are also considered to be the main driving forces behind the so-called new economy. This is why the government needs lawyers from to help with information related to the economy.

Wallin Hester: Economic growth is the main goal or economic policy

Economic growth is considered one of the main goals of government economic policy almost everywhere in the world. Growth increases the population’s standard of living. It creates jobs, can help to better solve social conflicts, and facilitates structural change. Ultimately, it makes it possible to invest more money in tasks such as environmental protection and development aid.Wallin Hester

However, there are also sceptics. Your criticism of growth in the industrialized countries assumes that the material standard of living in these countries is already sufficient. The production and consumption of a constantly growing amount of goods, therefore, cause ever-greater environmental pollution and thus scarce resources. As a further argument against economic growth in industrialized countries, the critics cite that due to the high labour productivity, full employment can no longer be achieved through growth anyway.

This criticism gave rise to the demand for qualitative growth. Growth should therefore first and foremost be environmentally friendly and conserve resources. Technical progress, such as microelectronics, should ensure that the value of goods increases through higher quality and not through the use of more material. As far as the economic use of resources is concerned, the critics are running open doors, because the resource intensity of macroeconomic production and growth has been declining for decades.

How Developing Countries’ Economy Benefit from Outsourcing

Call Center Agents

 

Outsourcing benefits companies in a very number of ways, from cutting costs, increasing the standard of their products and services to helping them grow their bottom line. This can be a fact known to both multinational companies and SMEs based in developed countries who are outsourcing aspects of their businesses, particularly to developing countries, for years. But at the receiving end of the process, how does it help the people? How does outsourcing help developing countries?

The economic impact of outsourcing to third-world countries

For over 20 years, companies in developed nations have increasingly outsourced parts of their business processes to developing countries like India, the Philippines, Indonesia, and others. This phenomenon has given rise to what’s now called remote working or, in millennial speak, being a “digital nomad.” this is often because most outsourced or remote workers today can be seen lugging their laptops in cafés or wherever they’re going or typically have their own residence offices founded at their convenience.

Non-critical business functions are passed on to economies that have lower marketplace rates, the concept of outsourcing is easy and straightforward: customer service, bookkeeping, accounting, marketing, and human resources, among others, such functions include.

Outsourcing could be a welcome concept not only for companies looking to outsource, delegate or sub-contract business activities but also for third-world nations like India and therefore the Philippines—being tapped for outsourcing jobs are the two English-speaking Asian countries whose talent pools. Outsourcing has developed the labor forces of those countries for specific industries and positively addressed the growing pct in developing nations.

In the Philippines, what has become the economic lifeline for nearly the complete nation is the outsourcing industry. Together with interchange remittances, bringing in near US$ 20 million (PHP 1 billion) total revenue, over 500,000 Filipinos are employed by business process outsourcing (BPO) companies and BPO’s are now the highest interchange earner within the Philippines. As the country’s capital region alone, Metro Manila is now a growing hub for several outsourcing sub-industries just like the call center industry, and since of this, the Philippines is now referred to as the decision Center Capital of the planet, with 16% to 18% of the world market share.

As for India, many of whom are employed by US companies, Bangalore alone is home to over 100 thousand tech workers. Across the state, 1 million people are working for US-based companies like GE Capital and Microsoft. American technology companies are outsourced to India for years. In fact, which is already one-third of the country’s workforce, and is continuously shifting a number of its critical business operations to the South Asian nation, tech giant IBM is employing 130,000 people in India.

 

ALSO READ: Effects of Divorce on Your Financial Earnings

 

Addressing the social Issues

But the underside line isn’t just what outsourcing companies are after. They’re also helping stabilize communities and transform societies in third-world nations. Recognizing the positive socio-economic impact of outsourcing businesses are many governments and non-government stakeholders in developing countries.

Promoting education among impoverished communities and providing food and shelter to the homeless, for instance, information management company Convergys has the Community Action Network (CAN). While Sykes’ Global Giveback effort supports local clinical health services and good conditions, BPO giant Teleperformance is specializing in providing learning opportunities. Likewise, distributing $100,000 each to local grassroots charity organizations are three community boards of telecom company Telus, which are located within the Philippines, Central American nation, and Guatemala.

At Outsourcing Angel, we do our part too, by reinvesting our profits into community projects within the Philippines. We’ve contributed to feeding programs for hillside tribes, conducted donation drives of essential medical supplies, and have supported the efforts of Tribu Ni Bro (TNB) in their efforts to supply alternative energy generation capabilities to remote tribes. Additionally, where our virtual assistants volunteer their time and knowledge to show disadvantaged kids computer literacy skills, we are involved in a very partnership with the Virlanie Foundation. To seek out out more about or to increase aid, please visit our OALoveProject website,

Important jobs

Outsourcing can provide people in developing countries with well-paid jobs that may not be available to them otherwise. These jobs don’t seem to be just low-end, low-skilled jobs that were created to support minor business functions. Outsourcing companies are seeking professional and skilled individuals who can support mission-critical aspects of the business, they aren’t merely searching for cheap labor.

Knowing that they need employment that may support their families, outsourcing also provides workers with a way of pride and fulfillment. As most of them are college graduates who feel that they might never get jobs that would pay them US$400 to US$500 a month—the starting salary for many call centers—without this sort of opportunity, outsourced jobs are important to the folks that get them. They’re not only given employment opportunities but also an opportunity to climb up the career ladder. Confident about themselves, dignified, and optimistic, this helps create young workers.

Helping them gain the time and freedom to be with their families for important milestones and have helped them gain much financial freedom additionally, the many job opportunities that Outsourcing Angel has given to our virtual assistants. This chance to figure from the house is much cherished and makes an immensely positive impact on the lives of our angels from building their dream homes, to spending quality time with their families, to having an internet career.

For outsourced workers in developing countries, what’s out there?

Thus, outsourcing, in general, presents a bright future for India, the Philippines, and other developing countries—enriching the general economies and strengthening the economic well-being of those who are employed by outsourcing companies. Does outsourcing help developing countries? Yes, it most certainly does!

 

Effects of Divorce on Your Financial Earnings

Your divorce has an impact on your income. You are suddenly faced with decisions that you never had to make during the marriage or registered partnership. For example, how will you divide your pension, what will or will you not pay for child support, and are you now entitled to other allowances? It does not matter whether you are getting a divorce and currently have no income or if you are going to divorce with income: the current situation will change a lot. Creating financial insight for yourself is very important during the divorce. By the way, you can see also here on LA Century Law the other law that will satisfy your other needs.

The financial aspect of the divorce

Thinking about your finances and whether you will manage it all yourself after the divorce, often happens at an early stage of the divorce. Or sometimes even before you have talked to your (ex-) partner about your idea of ​​breaking up. You may be wondering if you can afford the divorce. Or maybe you’re wondering if you should postpone the divorce until you’re more financially independent?

Divorce with little income

Your divorce itself doesn’t have to be expensive. Even with little or almost no income, you can divorce, because there are subsidy options for people with little income. The divorce can be arranged with the aid of a government subsidy for € 37.- (excl. court fees). Often you will not really notice the financial consequences of the divorce until after the divorce, but that does not mean that you have to postpone your divorce. If you break up well prepared, you will reap the benefits later. For example, you can use Nibud ‘s calculation tool to see what your financial situation will be after the divorce. On the basis of this, you can make good agreements during the divorce. Are you getting a divorce and do you and/or your (former) partner not have enough income to support yourself after the divorce? Then you will have to find solutions for this sooner or later. It is good to know what consequences a divorce has on your income and what changes.

Alimony

If you do not have your own income and are going to divorce, it is advisable to ensure that you receive an income. Your earning capacity is examined to determine whether you may be entitled to a financial contribution. If you do not have sufficient earning capacity, your (ex-) partner must support you financially. Provided that your (former) partner has sufficient financial income. The financial contribution is called alimony. Alimony is an arrangement whereby a financial contribution is made to the person who needs financial support after the divorce. Paying or receiving alimony only exists between ex-spouses. The amount and duration of payment or receipt of alimony are agreed upon during the divorce. However, legal deadlines also apply. The duration of the entitlement to spousal maintenance differs from the duration of entitlement to child maintenance. Sometime after the divorce, the amount or term can be adjusted in consultation or if necessary.

Partner alimony

Spousal maintenance is for the (former) partner who cannot provide for his or her own livelihood after the divorce. Or if that person cannot live in the same way after the divorce as they lived during the divorce. For example: if you were a member of an expensive golf club during the marriage and you only bought designer clothes, but you can no longer afford it after the divorce. Thanks to the free spousal alimony calculation tool, you can calculate approximately how much spousal alimony there is.

Child support

Child support is a financial contribution for the benefit of your child(ren) until they reach the age of 18. The amount that the child support recipient receives is then intended for expenses for the benefit of your child(ren). A calculation will determine how much that amount is.

Way To The Right Retirement Fund

If you want to be financially secure in old age then you cannot rely solely on the statutory pension. In the rarest of cases, this is sufficient to continue to live like when you were employed. If you don’t want to fall into old-age poverty, you should definitely make a private provision or retirement fund.

Take stock intended for retirement fund

In order to know whether the later retirement is good enough for life, there is no avoiding an inventory. It is important to find out how much pension you will probably receive from your compulsory insurance. This depends on the occupational group from the statutory pension or from the professional pension scheme. Take a look at your annual pension information and then estimate what is missing. This is the so-called pension gap.

Know the options for retirement planning

The overview of possible types of old-age provision is better if you assign the respective form of provision to certain categories.

It is important to stick for the long term and choose a fund that contains many stocks from different countries, industries and currencies. Then fluctuations on the stock exchanges tend to even out and the chance of a good positive annual return increases.

Those who invest money flexibly do not enjoy special tax advantages. For example, the saver pays contributions to ETFs from the net income that has already been taxed. He then has to tax interest or dividend income and subsequent sales proceeds again at the withholding tax rate.

Examine the individual pension options

Once you have an overview of common pension options, the hardest exercise comes. You have to make a decision. This decision is individual and depends on your life situation. However, a few questions can help in your decision-making.retirement fund

  • Which types of pensions can you choose? Not all forms are lockable for all professional groups.
  • Which form of the provision makes the most sense in your situation? Depending on your income and family situation, one or the other contract is more worthwhile.
  • What type of investor are you? Would you like a small but secure supplementary pension? Or do you want to take advantage of the opportunities on the stock market and are you ready to take a certain risk?

If you keep your investment such as stocks for the long term, the likelihood that they will generate profits increases.

STARTUP FUNDING EXPLAINED - EVERYTHING YOU NEED TO KNOW
Learne more about business and investment from this... Life of Starting a Startup - such an informative and fun to watch video. This explains the mechanics well, implementing is easier said than done. Applies to tech startups that have a ridiculously high market potential.
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