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How to Save Money When You Have a Baby

Saving money for a kid

A 2010 USDA report estimated the average cost of caring for a baby during his first year of life at about $12,000. Although new parents eagerly buy all the best things that baby needs, the burdening costs can quickly take a toll on a modest budget. Add those expenses, which, by the way, only increase, up for 18 years, and finding ways to save money is certainly a thought-provoking idea. With an ample number of money-saving ideas for new parents, reducing expense is simple.

 

Use Coupons, Special Offers, and Deals

Money-saving coupons, promotions, sales, and other savings keep costs of everything from diapers to baby food to furniture and toys affordable. They’re found via apps, online coupon sites, company websites, newspapers and magazines, and newsletters/clubs. Take advantage of the offers and keep the costs of many of your baby supplies low. Most coupons and promotions are free to anyone that wants the savings.

Don’t forget cash-back and freebies programs. Tons of these programs provide cash back incentives every time you shop. The money adds up quickly and can be used for any reason. It’s your cash, after all. With the right programs, getting money back on all the items that you buy (for baby and beyond) is easy. Even a few purchases equal big savings. Put that money toward other important financial matters in life and sit back and enjoy the savings.

 

Improve Your Credit Score

Today is the best day to improve your credit score. Not only does a good credit increase odds that you’ll get approved for more lines of credit, but it also reduces the amount of interest you’ll spend to acquire credit from different companies. You need a safe car to transport baby around, college rolls around before you realize it, and the baby has many needs between those years. Without good credit, getting these things is sometimes difficult.

Luckily, there are many simple ways to improve your credit score in a matter of a few short weeks. The first step is to identify your credit issues and reduce the debts that you owe. Find the best credit repair company in town to help you get started. With the expertise that the professionals offer, getting the best results and best credit score is easy.

 

Don’t Forget Second-Hand Shopping

Not everything baby needs is acceptable in second-hand condition, but many things are. Buy second-hand clothing, strollers, toys, and miscellaneous items to considerably reduce expenses. For many new moms, shopping consignment sales and stores and other second-hand sources provide them with fun and savings! Shops are found online and in the local area, so make sure to scoop them out and learn what they’re all about.

 

Keep More Money in the Bank Account

It costs a lot of money to raise a baby, but there are many ways to reduce the expense so that amount is much less for your household. Use the above ideas to start saving money as a new parent quest. It’s not as difficult to save money as you thought it would be!

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What To Consider Before Investing In Tech Startups

startup investing

Most pundits christen it as the ultimate gamble. It is also the fodder for the future. The returns can be ridiculously sweet if you hit it big. I’m talking about technology. Most of the top 10 biggest tech giants are barely 20 years-old. Within that time, they have turned modest investments into billion-dollar conglomerates.

Each of these tech giants will tell you of a very charming story of how they bet on the idea of the future. What most of them will never tell you is the number of similar startups that have since exited the market since they started. Before you activate that gallant mode, here is what you need to consider.

 

Understand the risks

Even experienced venture capitalists don’t have a perfect record. Most of them will be comfortable with anything above 50 percent. It means, for every $100 they invest in startups, $50 would land in a furnace.

Another statistic worth mentioning is that at least nine out of 10 startups close shop within the first five years. Half of those firms go down due to poor business strategy. Technology catches others napping and whitewashes them.

The risks are grievous. Unlike established companies that can shed some of their value then recover, once a startup closes shop, that is the end of the music. It doesn’t matter how much you have invested.

 

Know the law

When it comes to investing in startups, only wealthy people were able to invest. However, since the passing of the JOBS Act, almost anyone can invest. However, you must qualify to do so. The qualification is simple, an annual income of at least $107,000 or a marching bank balance.

At that level, you will qualify to invest $2,200 or 5 percent of your annual salary. As you work your way up the income ladder, you can invest more. To invest, you can invest in companies that SEC and FINRA clear for debt or crowdfunding.

However, an SEC or FINRA clearance is not a guarantee that the startup will succeed. Their role is to ensure that the companies are in legitimate business. You have to do your due diligence before you invest.

 

Get in your industry with your money

It is not mandatory to invest in tech firms targeting your area of expertise. However, experts recommend that you do. Part of suave investment is to interrogate company finances, products, and methods.

If you are a doctor, can you competently interrogate a financial technology product? Maybe not! If an analytics startup tells you they have the most exciting data catalog in the market, you probably should do some research to assure they are telling the truth. But where would you do that research? My point is this: Invest in an area that you have pertinent information and knowledge. It may be a hobby or your spouse who has some connections there. However, it should be something that interests you.

 

Start at the bottom

Be realistic about your chances. Most startups take at least seven years for them to pay out their angel investors. Popular checkouts are IPOs or buy-offs. Startup investments are therefore long-term investments because it takes quite some time to get a payday.

Getting reach quickly is a possibility, but the chances of it happening in the first three years are minimal. Therefore, you will need to spread your risk by investing in several startups.

The best place to start is through crowdfunding initiatives so that you can get the hang of it. You can choose from existing platforms . Some will allow you to invest more money than others do. Some will even offer you guaranteed returns on investments.

As you grow in stature and experience, you can move on to elite levels. Who knows, one day you might become a venture capitalist.

 

Conclusion

Startups investment is for the bold. You have to hope for the best but expect the worst. Invest what you are ready to lose.

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Should You Invest In Contract Labor Companies?

Having a project completed sometimes requires a hard look at the type of labor that may be necessary to get the work done in the first place. Many people do not stop to take enough time to figure out exactly how they should hire labor to get it done. Some simply go to contract labor companies without a second thought and others just use the employees that they already have. So, which method is really better? We want to take a look at that today.

Taking A Look At The Project

Imagine for a moment that you are having a pool built for your business or for your private residence. The first thing that you might do is look at pool loan companies. They can provide the financing you need for this project. However, before you go to them you are going to need to have a plan in place so that you can present to them your ideas for how you intend to get this project done.

One of the steps you must clearly take is to hire a company or hire employees who can get the labor of building a pool up and out of the way for you. They are going to come at a cost and you should carefully consider what that cost is going to be.

The Pro Side

Lets see what may push you towards going with contractors to get your project done right.

1) Flexibility- There is no doubt that contractors make it easier to get just a very specific task accomplished. You do not have to worry about paying benefits or overtime or anything of that nature when you go with contractors. You just give them the specifics of what you want to have done with your project and they go to work making that happen. It is so easy that you may wish you had started by doing it this way in the first place.

2) Cost Savings- You can save a bundle when it comes to your overall costs with contractors in comparison to regular employees. The amount that a contracting service bids to do your project could come in as way less expensive than having your regular crew do the work.

3) Easy To Find Talent- Those who work as contractors tend to do the same kind of jobs over and over. They are experienced in providing high-quality service to anyone who comes to them with a project. You may be able to avoid some of the costs of training new employees when you go with contractors.

What May Hold You Back

It is not all rosy for hiring contractors. Let’s take a look at some of your potential hangups with doing it this way.

1) Fear Of Disloyalty- Contractors do not really know you as a person. They may not feel that they have to put their whole heart into a project. Additionally, they may feel more comfortable doing something such as stealing from you. That is always a danger when hiring people you don’t really know.

2) Less Control- Contractors are more free to set their own rules and timelines. You can have a pretty tight grip on your own employees but may not experience that with contractors.

Go With What Makes You Comfortable

There are a lot of factors that you could put on the pros and cons ledger before making a decision on this one. The most important thing at the end of the day is to go with a decision that makes you comfortable. If having your own employees do it is the only way you can feel that way, then go with them. It is just about getting your project done right the first time and exactly the way that you want it done.

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5 Rising Technologies That Are Impacting the Stock Market

Trading stocks involves finding good corporations with solid management teams, products and a strategy to make ample profits. The entire process of analyzing how these businesses fit into the global economy is being revolutionized with a number of powerful technologies. These 5 technologies change how the world is viewed, how the companies are valued and how the stocks are traded.

Faster, Smarter & Anywhere Money Making

Successful stock traders have key advantages over others. Although technology can’t predict the future, the huge technological advancements of the 21st Century with its digital currency revolution has allowed regular people to have a much better chance of predicting financial outcomes.

Technical traders want to be able to respond faster than others and have a variety of technologies to make this a reality (smart phone apps and HFT). These technologies allow people to succeed anywhere they are, just like the vape box mod. You don’t need to have a large vaping set up at home. You can accomplish your goals on-the-go. Together, these are five of the technologies, impacting the stock market.

1. Smartphone Apps

Smartphone apps allow you to trade stocks, bonds or Forex on a remote Caribbean beach while enjoy Piña Coladas. The best financial apps allow you to receive alerts, view charts and execute trades remotely.

2. High-Frequency Trading (HFT)

The top global banks have been continuously profitable for many, many quarters. Their secret? High-Frequency Trading (HFT) algorithms. The top traders can execute their trades in microseconds with HFT. Investopedia has reported that between “2009 and 2010, anywhere from 60% to 70% of U.S. trading was attributed to HFT.” HFT has become the norm.

3. Siri Trades

Did you know that Siri (the Apple artificial intelligence) can make restaurant and airline reservations? It is becoming downright scary. Of course, Siri might be used for trading stocks, sometime soon.

As cute as it is to ask Siri questions, some might also ask her for stock advice. Her picks would probably be better than throwing at a dart board.

4. Is BitCoin Bad?

What used to have a bad reputation has suddenly become an important commodity. Have you figured it out? Many top investors have decided to take this route within the market. Nothing has really changed with digital blockchain currencies, like BitCoin, except now this elite 1% own shares. You might want to get on board the BitCoin train before it leaves the station.

5. Web Bot is Good

Much of Western society is about psychology. The most successful stock traders understand the “herd mentality.” The Web Bot is an accumulation of analytics tracking keywords on the World Wide Web. It actually makes predictions, using the results of psycho history.

The concept is similar to Google Analytics. You can look up how often certain keywords are used online. When you do an overall analysis, you might be able to find hidden trends.

This is also how marketing works. Corporations already have a lot of information, accumulated from cookies placed on your home computer. This geo-location information allows them to recommend videos on YouTube, restaurants in your town or car insurance for your new SUV.

Some have argued that the WebBot (created by Clif High) has actually made a couple of successful predictions already. How similar will 2018 be like 2008? What does the WebBot say?

Combined Technology Provides Advantage

By combining all of these technologies, stock traders can gain a distinct advantage over the competition. The billionaires are already using these technologies to increase their speed, knowledge and ubiquitous stock trading acumen. The astute will invest in these technologies to level the playing field.

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