5 Things You Need To Know About The Bitcoin Before You Invest Your Money

It has become clear that the new gold rush people are talking about is the Bitcoin.  The problem is that most people have no ideas what the Bitcoin is exactly, how it works, or the way that a transaction happens with this currency.  When they start talking about the Bitcoin on major TV shows like The Big Bang Theory, then you know it’s time to get educated about this kind of investment before you jump into the deep end with your portfolio.  Here is your guide on five things you need to know about the Bitcoin before you invest your money. What Is The Bitcoin? In the simplest of terms, the Bitcoin is a digital currency peer to peer online payment system.  It is created through something called block chain technology, but at its heart it is simply a peer to peer payment system.  What makes something like the Bitcoin unique to modern currency is that there is no central ...

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Is Your Relationship Worth $168?

Valentine’s Day is here and The National Retail Federation (NRF) says Americans will spend nearly $18 billion on Valentine’s Day this year.  The average guy expected to shell out about $168, according to a survey commissioned by the organization. Women say they’ll spend about half that amount at around $85.  (source www.nrf.com) Valentine’s can be such a difficult holiday because you never know how much money you should spend or you don’t always know what the right thing do is for that special someone in your life.    I think it goes without saying that your relationship is worth much more than $168, but know that whether you spend more or less than that amount won’t matter as much as how much of your heart you put into the gift. If you are thinking about saving money, here are five small money saving Valentine’s Day tips I have: Buy roses in a color other than RED! It’s a Tuesday, so bring ...

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Top 10 Unusual Scholarships

It’s that time of year where parents and students alike are searching for the millions of dollars of potential scholarships, grants, and financial aid that can be found to hedge against the cost of the gravity defying college education tuition and fees.  The Free Application of Federal Student Aid (FAFSA) deadline is June 30th, 2012, but there are many other ways to uncover additional monies to help supplement the cost of college.  Here are TEN unusual scholarships that you may want to learn more about over the next few months. 1.)  The Milk Mustache Scholarship – We know milk does a body good, but how about your wallet?  Every year there is an award called the Scholar Athlete Milk Mustache Of The Year Scholarship.    You will need at least a 3.20 GPA just to jump over the bar to get in the nomination process,  and winners can get up to a $7,500 scholarship.  (source: www.sammyapplication.com) 2.) Skater Boys – Well, ...

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The Government Likes Annuities Now?

As all of us know, the idea of working for one company for 20 or 30 years is a dream most of won’t ever realize in our lifetimes.   Historically, if you worked for one company for your whole career, you could retire with a pension.   A pension is really another similar term for the word annuity which means that you would receive a consistent stream of income for the rest of your life that you could not outlive.   In many cases, you can also get a spousal option to have the annuity continue upon your death to your spouse even if for a reduced amount of income. As pension plans have largely been replaced over the past 25 years with the 401(k) savings plan, the combination of employee/employer savings rates and overall rates of return have led many people to having a 201(k) at this point in their lives.   With ‘retirement’ lurking in the not too far distant future, many ...

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5 Tax Mistakes Business Owners Make

Part of putting together an effective tax management strategy is gaining an understanding of what you can and cannot deduct from your tax return.   I see business owners that make mistakes every single day.  Every CPA or accountant seems to have a slightly different slant on the tax code, but here are a few that may be able to help you increase your bottom line as you grow your business. Wrong Entity Structure – If you are getting into business for the first time, it’s really important to sit down with someone qualified to discuss entity structure.    The reality is that you can set up your business as a sole proprietor, partnership, limited liability Corporation, S-Corporation, C-Corporation, or having multiple structures depending on how many businesses and whether real estate you own will be involved with the business.   Since these entities all work slightly different, a huge tax mistake I see owners make is having the wrong structure for the ...

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The New Rule: Field Goal Bill Paying

Nobody likes paying bills.   Not longer than a few years ago, most people met the end of the month with the dreaded feeling of writing out checks and licking the back of envelopes—UGH!.   Over the past five years, many people in the United States have transitioned their bills from the check stuffing days to now merely having to fill in an amount and simply point and click.   With some providers sending you an e-bill alert now, you may not even have to remember when to pay the bill. I’ve learned over the past couple of years that the next generation of bill payers (your Generation X and Generation Y crowd) uses something that I like to call the Field Goal Rule when it comes to deciding whether or not to click the ‘pay now’ button.   Here’s how the rule works.   When a particular bill comes such as cable television, cell phone, or local water bill comes, a bill payer has ...

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