10 Powerful Reasons to Start a Home Based Business
Home Based Business has now become a buzz word where ever you go. The key question is, why do so many people want to go into business of working for themselves from home? The revelations are amazing and in this post I want to share with you 10 most powerful reasons why you should join the train of work from home entrepreneurs.Most home based entrepreneurs are intrigued by the fact of working from home and not wading in morning and evening traffic to work day and night. One other appealing fact is that, you no more have to answer to your boss’s whims and caprices.The best among all is the fact that in this quick and fast world where your income is devoured by so many social demands, it will always be beneficial to have an extra income coming from some other source apart from your main 8 to 5 job.Many have a slight idea of what could be achieved from a home based business but majority will be willing to fully embark on it if they are aware of these salient points I’m about to share with you now. Make a critical study of these 10 major beneficial points on working from home, and I guarantee once you take a careful look at them, your desire to start a home base business will soar high.With that said, let’s go to reason #1.1. Be your own Boss.Ever thought of being your own Boss before?You must also know that it’s not only the pride in being a boss but the ability to now think and make quality decision by yourself without anyone instructing and guiding you. But I must say that, after all is said and done, the experience and the confidence you gain far outweigh even the money and the freedom that comes with it.Most millionaires will tell you that, the one most exciting thing they gain for being rich is not the money but who they become in terms of experience, discipline, associations etc.2. Work when and how you want.You may be working for a boss or for an organization but you always dread Monday mornings when you have to start another boring week after a long week end. When the alarm clock goes off you have no choice but to wake up and get going otherwise you could be fired for being late.Yes, in most instances like this we all wish the business is ours so we could sleep a while and go as and when we like. For a home business, you could set your own working hours and if you are the type who loves to sleep during the early hours of the day, then you could just cuddle up in bed and sleep a little more.But be aware of the fact that, running a home based business does not also give you the ability to just do things haphazardly without discipline, commitment and consistency. What started as a good dream could easily become a nightmare and that’s what has resulted in most dot bombs you see around today.3. Job Security Issues are No MoreRunning your own home based business puts you in the seat of the boss; you are now the one who hires and fires. You are indomitable, you are the one holding the job, you call all the shots, and no one ever fires you.You no more think of what happens during cut back and retrenchments, you are no more afraid of whether the company is going bankrupt or not. The issue of job security is now nipped in the bud once and for all.4. You can start Part TimeMost people look at a home based business as something they can only do on full time and for that matter the fear of stopping their main job and starting a home based job has always created scary moments for them because of the risk of failure.One good thing about starting a home based business especially an online business is to start small on part time till you are able to grow it into a fully matured business that can take care of your needs and wants.Working 2 hours a day may be a good starting point for you. Exercise yourself and see some amount of money coming in and then add more hours and see much more before taking that deep leap to stop your day job. Don’t try to do all at a go. Take it easy one day at a time and before you realize you will be there.5. Your personal confidence will soarAfter just a few successes in your home based business, you will realize that your confidence will soar so high. You can now confidently hit your chest and say, yes, I have what it takes to start earning money online or make money from home.Most times, it’s not so much about the money but the ability to prove to yourself that you can also work towards a goal and get it achieved. Also knowing for a fact that, success begets success, you will soon find yourself moving on to higher heights and crossing barriers you were not able to cross before.6. You acquire a new level of disciplineAs interesting and exciting as a home based business may be, it still requires some level of discipline and commitment to actually see it through to success. Where you do not develop the necessary discipline associated with being your own boss, you will finally observe everything crumbling at your feet.The required discipline necessary to turn a home based business to success will definitely change your make up by the time you are through with it. It is therefore always good to realize that, it is not just about the money that you will make, but most of all, the discipline and the attitude it will leave within you.7. You acquire and develop new skills and knowledgeIt is impossible to remain at the same skill and knowledge level if you truly immerse yourself into your home based business. Let’s take an online business for instance, before you can truly perfect such a home based business, there are so many skills you need to develop and also certain specialized knowledge needs to be acquired.It therefore goes without saying that, a successful home based business person will definitely ends up with a series of skills and specialized knowledge up his sleeve. The majority of these specialized skills and knowledge can only be acquired through hands-on practical experience.8. You may earn a lot of moneyMoney is a reward for solving a problem; it therefore means that in order to have more money, it’s paramount that you have to solve more problems. It is also not a good decision to start a particular home based business because of the money involved. It is always good to start by doing what you love and the money will follow. As you love what you do, and you are able to help enough other people to get what they want, you will also get what you want.Feel free to follow your passion without necessarily thinking about money. As you enjoy what you do, you will naturally involve your whole heart and this passion will show on the outside causing people to now respond to your call.9. You can have freedomAfter all is said and done, the key reason why most people want to engage in a home based business is the freedom. When you plan your activities well and you are able to achieve your goals, it’s quite possible to experience both financial and time freedom.This level of freedom is what every worker yearns for but has eluded many. Freedom to do what you want, when you want it. Freedom to travel and go on vacation whilst your business keeps making money day in day out.10. You can retire earlyShould you be successful at your work from home business and you are earning enough, you could invest your money for it to work for you and go on early retirement. It has been the dream of many to retire early but the means to do so is just not there. With a very successful home based business, this could be achieved with hard work, dedication and commitment.Many have done it, you are not the first so gird up your loins, fold up your sleeves and get ready to embark on this fruitful journey. There is no limit to what you can do, every good journey starts with the first step, take yours now.So, this is it;”10 MOST POWERFUL Reasons Why You need to Start A… Home Based BusinessNow, if those 10 reasons didn’t get you excited and fired up about starting a ‘Home Based Business’ then I have failed to inspire you.Before you go please visit these successful online home based entrepreneurs there is so much you could gain per this visit.Online Entrepreneurs
Crypto Currency Vs Fiat Currency
Crypto currency vs. Fiat currency
Are you aware of the fiat currencies and the crypto currencies? They both are currencies in one form or the other and are open for public use across the world. But they are both different and distinct in their own ways. There is always one group that favors the use of cryptos, while the other has a soft corner for the fiat currencies.
In cashless society- crypto money play a huge role
If you have a look at the market of the 1970s and 1980s, you will find that the cash played the dominant role. But, with the change in the technology, electronic transactions have become the usual norm. Today, more and more people are influenced in becoming the cashless society. With the progress towards the cashless society, cryptocurrencies have a big role to play.
Crypto currency and fiat currency are always at loggerheads
Cryptocurrency and fiat currency are popular types of digital currency, especially when it is about an online transaction. They both are currencies currently in use in the market but have some differences in them. There is a hell lot of hypes that you will hear on a daily basis comparing the crypto money and the fiat money. This article will highlight the difference between the two in a more comprehensive and clear manner.
Differentiating in what the currencies stand for
Before going for the difference between the two, you must understand what do they stand for and how are they are defined.
The fiat currency is a legal tender that has the support of the central government, and it operates in the physical form. For instance, US dollars, British Pounds, Euro etc. On the other hand, the crypto currency is a non-legal tender, and doesn’t have any backup from the central government or bank.
Hence, the difference between crypto currency and fiat currency is noted as follows:
• Crypto-currencies are decentralized and global in nature. There are no one entity or government that controls the currency with their laws and regulations. The Fiat currency is centralized, under the control of the laws and regulations of the banks and government.
• Crypto-currencies have their existence only in the digital domain. On the other hand, you will find that the fiat currencies have a tangible and physical existence.
• There is a limited supply of crypto-currencies with a maximum set of them getting supplied in the market. Whereas, the fiat money has an unlimited supply as the government and bank are entitled to produce coins and paper money whenever the situation is required.
• The Bitcoin and other crypto type currencies are created by the computers, while the fiat currencies are issued by the local government and the banks.
• Cryptocurrencies are presented as the public and private code pieces. On the other hand, the fiat currencies are presented in the form of coins and paper money.
• The value of the crypto currencies is not recognized by the supply and demand of the market. Whereas, the fiat currency value is determined by the market regulations of supply and demand.
The different types of crypto and fiat currencies
In the last one decade, the popularity of crypto type currencies has emerged as a huge success. It was in 2009, when Bitcoin was first introduced, and years after several other types of crypto currencies have emerged. Starting from Litecoin. Dogecoin, Ripple to the Dcash and Zcash, there is a plethora of them. On the other hand, the fiat currency has a rich and ancient roots, with the Great British Pound, that dates back to 775 AD. It is considered as the oldest currency in the world that is still in use.
The differences in the anonymity between the two currencies
When you are using the fiat currencies, you need to undergo a user identification or verification process. You are asked to upload a recent picture of yourself and some of the required documents to be issued as per the public authorities. You don’t need to undergo any of the required processes with the crypto currencies. Though your personal information and confidential details don’t get public, but all your transactions are recorded and tracked in both the fiat and the crypto currencies.
Fiat currency vs crypto currency: transparency level
• The transparency level with the crypto type currencies are considered to be more. This is because the revenue streams are displayed in a public chain. Everyone can witness their own and others’ transactions.
• The fiat or govt. currencies are not transparent, as there are not public chains to see the revenue streams of the people.
A comparative historical roots
If you compare the crypto money with that of its counterpart, fiat or government currency, you will find that their existence and creation brings the difference. The Fiat or government currency, dates back its existence as early as 775 AD with the introduction of the Great British Pound. This is why fiat type currency is easily accepted by the people all over.
On the other hand, the crypto coin was perhaps first introduced only a decade ago, with the introduction of Bitcoin in 2009. The challenge that the Bitcoin and other crypto currencies face is catching up with the immense popularity and increasing fan base of the fiat currency. Crypto currency, is no doubt gaining importance and popularity in the economic market, but it has still not been accepted widely in the society as the fiat currency.
A comparative history of the two currencies:
• It was in the 11th century, when the Chinese Song dynasty was perhaps the first one to issue the paper money. It was not allowed to exchange with valuables like gold and silver or silk.
• There were Tally sticks that were introduced as a fiat or government currency. 1100 Tally sticks were introduced as a combat for the shortages in gold.
• 1971, was the year, when the fiat currency received a worldwide recognition. President Nixon introduced it in order to eliminate the dollar pegging system to gold.
• It was in 1998, when the idea of an anonymous electronic cash system emerged by Wei Dai. Bitgold-the very first crypto currency was created by Nick Szabo, but it didn’t receive as much attention as Bitcoin.
• In 2009, Bitcoin was introduced in the market, that became the first crypto currency that was accepted across the globe. In 2011 and after, a series of several other crypto currencies were introduced. Some of the popular ones include, Litecoin, Dogecoin, Ethereum, Ripple, Zcash, Dash and so on.
The traits of both the currencies
The potential of the crypto type currencies and fiat currencies, accessing their traits is important. You will find that in some of the criteria, Bitcoin and other crypto currency is superior than the fiat or government currency, and in some cases, the latter surpasses. It is absolutely your call to choose the type of currency (crypto type currency or fiat type currency) based on your personal needs and requirements.
Let us compare their traits with respect to certain factors.
• Both the crypto coins and fiat type currencies are interchangeable in nature.
• As per the portability is concerned both the currencies secure more or less the same position.
• With respect to the non consumable criteria, crypto currency and fiat type currency have the equal status.
• Crypto type currencies have high durability as compared to the fiat-currencies that have moderate level of durability.
• Both the crypto or virtual currencies and the fiat or government currencies ensure secure and safeguarded transactions and exchange.
• Crypto or digital currencies are highly divisible in nature. On the other hand, the fiat type currencies are moderately divisible.
• In terms of the transaction process, the crypto currencies are easy and hassle free. Whereas, on the other hand, the traction process associated with the fiat currencies are easy, but not like the cryptos.
• The crypto based currencies are decentralized and global in nature, unlike the fiat currencies that are centralized and functions under the laws and regulations of the government.
• The crypto based currencies have high scarcity, where as, the fiat currencies are unlimited as the government can issue coins and paper money whenever there is a need.
• The crypto based currencies are based on mathematical algorithms, and are programmable. The fiat currencies are not at all programmable.
• The fiat currencies are sovereign in nature, while the crypto currencies are not.
The process of the functioning of the currencies
You can find the significant differences between the crypto or digital currencies and the fiat currencies with the way they both operate and the transaction process that take place. They are contrasting in nature. The transfer of money using the Bitcoin is very quick, and you absolutely don’t need any third party association.
On the other hand, if you are involved with the money exchange using Fiat type currency, a mobile wallet is in use. You can exchange an amount of e-money that gets transferred into the equal e-value amount. Both the fiat and the crypto currencies enable you to purchase everything that you desire. But the processes involved are absolutely distinct from each other.
Depending on the things you purchase, you will find that one currency form is better than the other. This is absolutely your choice.
Is Bitcoin, a crypto currency better than the fiat-currency?
The long term benefits and the capability of the Bitcoins is still not established. But it has been predicted by the crypto currency gurus and experts, that they will go a long way, especially revolutionizing the way the online transactions are done. In the current market, the Bitcoin is mainly included in the online casinos and the gambling, but it is not limited to it.
Furthermore, when you compare the fiat currencies, the Bitcoin allows you to seize the power and authority from the banks and the government since it is not controlled. The cryptography based currency has the capability to create or come up with the free market capitals. Fiat currencies are affected by the inflation and the changes in the market, unlike the crypto based currencies. Such aspects make individuals believe that cryptograph based currencies will soon take over the mainstream currencies and bring a transformation in the way the money is used.
Why is Bitcoins considered to be a better aspect than the fiat type currencies?
• Bitcoin gives you the opportunity to re-create a free market capitalism.
• The power of controlling the money is absolutely with the individuals, and not with the banks like the fiat type currencies.
• When there is an inflation, the Bitcoin is not affected. But the Fiat type currency will be easier to lose and get affected by it.
• The Bitcoin currency is easy easier to exchange and transfer as compared to the fiat or government currencies.
• The transaction fees involved with the Bitcoin are way cheaper and easily affordable.
Crypto currencies seem to be a favorable option among the people
The fiat type currencies are the centralized and legal way of exchanging money. But, the crypto currencies have acquired immense popularity in the past few years. There will never be anyone who would act as a middle man, like the case with the banks. Moreover, the cryptos are way cheaper and less expensive that the conventional fiat currencies.
Send money anywhere directly without waiting for the bank’s approval
You can send money to anyone in the world directly, and it is super fast. The money gets cleared within a few minutes time. You don’t have to wait for the traditional clearing and verification processes of the banking systems, which might take up to several days to get a clearance. Since it is decentralized and doesn’t come under the law and regulations of the government, nobody has any power to do anything with your account.
The blockchain technology has a very big role to play
Thanks to the crypto currencies, that gives us the power and the authority to become our very own bank, and take control over our finances. It is because of the blockchain technology that offers a higher level of sophistication while dealing with the finances. In fact, there are some mainstream financial industries that have started incorporating the idea of the technology.
Are You Choosing the Right Stock Market Advisory Company
What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.
If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:
How much assistance do you actually require?
Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.
Choose a top ranked advisory company
It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.
Asking for a sample financial plan initially makes sense
When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.
Conclusion
The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.
Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.