fabiochiu/medium-articles huggingface dataset:
CoinTiger Will Support the Spark (SPARK) Airdrop Program for XRP (XRP) holders
Tags: Cointiger, Cryptocurrency, Xrp, Spark

Fellow CoinTiger Users,

CoinTiger will support the Spark (SPARK) Airdrop Program for XRP (XRP) holders. Details as follows:

1.XRP deposits and withdrawals will be suspended at 2020/12/12 6:00 (UTC+8). Please note that trading of XRP will not be affected during the airdrop.

2.We will then take a snapshot of all XRP tokens held by CoinTiger users at 2020/12/12 8:00 (UTC+8). After receiving SPARK airdrop, it will be distributed. An official announcement will be posted when the distribution is completed.

3.User A = (Amount of XRP held by User A at the time of snapshot / Total XRP held by CoinTiger at the time of snapshot) * Total SPARK received by CoinTiger for the airdrop

Note:

1.XRP tokens that are pending deposit or withdrawal at the time of the snapshot will not count towards your XRP balance. Please ensure you leave sufficient time for deposits and withdrawals to complete prior to the snapshot.

2.XRP balances under 10 XRP (including those in trade orders) will not be eligible for the airdrop.

3.SPARK tokens will be distributed to users spot wallets.

4.For the trading and listing of SPARK on CoinTiger, SPARK will go through the same strict listing review process as CoinTiger does for any other coin/token. Supporting this airdrop does not guarantee the listing of SPARK. The default position we have is no listing.

5.CoinTiger will distribute SPARK tokens after the project has completed the SPARK token distribution to XRP holders. We will post a further announcement once the distribution is completed.

For further information on how SPARK will be distributed to XRP holders, please refer to: https://flare.ghost.io/claiming-spark-faq/ , https://blog.flare.xyz/further-information-on-the-spark-token-distribution/

Risk warning: Crypto-currency investment is subject to high market risk. Please make your investments cautiously. CoinTiger will make best efforts to choose high quality coins, but will not be responsible for your investment losses.

CoinTiger team

2020/12/7

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Coinbase Announces Support For Spark AirDrop
Tags: Airdrop, Spark, Coinbase

coinputin.com — Cryptocurrency exchanges continue to announce their support for the Spark Airdrop program, which XRP owners can benefit from. Recently, Coinbase also announced in a tweet that it will support the Spark Airdrop program. Coinbase thus became the last exchange to announce its support for AirDrop.



A statement today said that users who have XRP in their accounts and who provide the conditions can use AirDrop in a screenshot to be taken on December 12. Distribution, on the other hand, will take place after the launch of the Flare Network.



Since its announcement, Spark Airdrop has been supported by many domestic and foreign platforms. Foreign platforms that support AirDrop are as follows:
In finance there’s something called the rule of 72.
By: Chris Bemister
Tags: Compound Interest, Personal Finance, Rule Of 72

…ear one you make $100 to get to $1,100, year two you make $110, year three you make $121 and so on. So it actually takes you roughly seven and a half years. When you’re taking advantage of compounding over 15–20 year plus timescales this becomes seriously …
Новости Finkee (Декабрь 2020)
By: Museychuk Kirill
Tags: Finkee, Mobile Apps, Personal Finance

Learn more. Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Make Medium yours. Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore
The Library | Review of “Rich Dad, Poor Dad”
By: Cait'S Collections
Tags: Finance, Personal Finance, Book Review, Book Recommendations, Rich Dad Poor Dad

Rich Dad, Poor Dad, by Robert Kiyosaki has been the #1 personal finance book for the last TWENTY years and was recommended to me by my brother.

If you are interested in learning about different ways to generate income (outside of going to a job), this is the book for you. Like most people I grew up in a family that lived pay check to pay check. Although I’m very thankful for all the opportunities and experiences I had growing up, the stress of living that way each month is not something I want for my adult life. Also like most people, I have received virtually zero financial education despite having a higher education degree. Lack of financial eduction in America is a MAJOR topic in the book as well.

I reallyyy disliked the first chapter and nearly returned the book because the writing is far from fantastic. He kept repeating the same statement over and over and over and there is little color to the writing. The book I checked out from the library was a “study session” version; it has summary sections and reflection questions after each chapter. If you hate the first chapter, just read the study session for chapter 1, and then begin reading the rest of the book.

Rich Dad, Poor Dad left me motivated to learn more about personal finance and ways to make money work for me. I want to increase my knowledge of finance and better manage my life with that information. Money for some people is hard to talk about, whether that be from shame of how they manage their funds, if they believe it’s taboo, or whatever reason, BUT money still runs your life. I think it’s important for all of us to learn how to better manage our funds and protect our futures.

Have you read Rich Dad, Poor Dad? Do you have any financial educational sources you recommend?

~Cait
Budgeting Tips For Your First Home
By: Bryan Ziegenfuse
Tags: Personal Finance, Finance, Home, Real Estate, Home Buying

Buying your first home will likely be one of the biggest if not the biggest purchase you ever make. Houses tend to cost a pretty penny and there’s even more money that goes into them beyond the price of the house itself! If you’re planning on buying your first home, you’ll probably want to think about making sure you have all of the money you’ll need from the purchase itself to the fees you’ll be paying and everything that comes after. Here are a few tips to help you budget for your first home.

Make Sure You Have A High Credit Score

You’re likely going to have to take out a mortgage on your home so having a high credit score is imperative. In order to get a good loan rate, be sure your credit score is at least a 740 if not higher. If your credit score isn’t high, take the time to improve it a bit before you start home shopping. Make sure you’re not in loads of debt and that any debt you do have, you pay your bills on time. In the end, it might mean having to wait a bit for your dream home, but at least it will help you actually afford your dream home.

Put Aside Money For After Purchase Maintenance

While it’s great if you manage to purchase the house you want, it’s essential that you make sure you have a budget put aside to go towards any maintenance that might need doing after you move in. If you move in over the summer only to get to the winter and find out there’s something wrong with your heat, you’ll want to have the money put aside for that. A lot of the maintenance that may need to be done can be expensive and having a surprise expense is no fun at all.

Closing Costs

One of the most common things first-time homebuyers fail to realize is that aside from the down payment, there are usually closing costs associated with the purchase of your home. The closing costs tend to cost around 2% to 3.% of the overall cost of your new home, so be sure to have at least that much saved up. This means if your house cost $150,000, you probably want to have at least $5,000 saved up to cover the closing costs.
Finally paid off my AIM graduate school loan/bond during a pandemic. Some reflections:
By: Dom De Leon
Tags: Innovation, Personal Finance, Graduate School, Techyjuanph

I laughed after flipping and finding out it’s my graduate school photo from AIM. “Classic (loving and proud) Asian parents,” I whispered as my mom wipes the glass cover. It’s been three years since our graduation. Who would have thought I’d want to go back to school back then?

So as I snap these photos, I think it’s a perfect time to reflect on how I got the graduate school program scholarship + sponsorship, what it took to pay it off, and some lessons on taking risks during my mid-20s in Q&A format.

A perfect milestone since just before Christmas, finance team from my former employer just confirmed that my grad school bond has been recalculated and actually fully paid off after-tax refunds. I didn’t have to issue a third cheque for repayment that I initially assumed from my estimates. I’ll even get a refund since I overestimated my repayment. Yay!

I don’t have a 13th-month pay now that I’m a consultant at Talino but this one is close enough.

So, what was the grad school program?

The program was the Asian Insititute of Management’s MSIB or Master of Science in Innovation and Business Program back in 2017. 10 months full-time. M-F. 8 Am to 5 pm class. AIM Campus at Paseo De Roxas in front of Greenbelt.
Young People & Personal Finance: A Slap in the Face
By: Cliff Flynn
Tags: Personal Finance, Finance, Youth, Wealth, Knowledge

One of the most prominent issues facing young people in the United States isn’t talked about all that often. Personal finance, how to manage your money, and budget accordingly. Why is this the case?

History, science, and mathematics are incredibly important, there’s no arguing that. High school students need to be well rounded in order to get into their desired colleges. Shouldn’t they be taught something that will directly impact them regardless of which path they take? Going to college is one of the largest financial decisions you will ever make. 18 year old kids want to give themselves the best shot at success by going to top tier schools, but do they really know what they’re getting themselves into?

Mommy and Daddy may cover the bill for a select few, but the rest of us are told we won’t get anywhere in life without a degree. We get our loans and hope for the best. I’ve met several current college students who are well aware of the mountain of debt they must climb, but they’d rather not think about it. They say they will “Deal with it later”

Fresh out of high school younger people don’t know how to budget, build credit, or invest in their future at all. New phones, watches, and jewelry are more important to them than savings and knowledge. It’s a culture of ignorance, but it is all their fault? Its easy to point fingers rather than searching for a solution. Personal finance is not taught in our high schools, its shoved off to the side and forgotten about. Most high schoolers don’t have credit cards, they’re unaware that the length of credit that they have is a significant part of their future credit score which they will one day use to buy a car or their first home. Opening up their first line of credit sounds a bit more appealing now.

Sadly it’s incredibly easy to get carried away online with a credit card. Simply enter your information and you can buy whatever you want in seconds. It’s all fun and games until the weight of that bill comes crashing down on you at the end of the month. Maybe 6 new pairs of shoes was a bad idea..

We’ve barely scratched the surface and there is much more to come. To all the fabulous people reading this (thank you) please invest and educate yourself so that you can live a relaxed future and free yourself of any financial missteps you may have or have not yet taken!
My 2021 Book Reading List
By: Miracle Olatunji
Tags: Books, Personal Finance, 2021, Reading, Personal Development

Image credit: artisteer

Personal development is a lifelong process. In the pursuit of becoming the best version of ourselves, we need to recognize that it’s okay to be a work-in-progress and a masterpiece simultaneously.

Books are powerful resources that enable us to learn from each other and constantly grow.

I’ve been working on OpportuniMe, a platform that is focused on personal development, career development, and mental + financial wellness. I am also a full-time college student and young professional. Making time to read books outside of my academic curriculum can be challenging.

One of my goals for the new year is to try and create time for reading books of my choice and through recommendations from dear friends and mentors. So here’s a challenge to myself: read one book per month. Write and share reflections and what I’ve learned, including action steps to put what I’m learning into practice. The books on my list are on the topics of personal development, stock investing, real estate investing, starting out a career, business and entrepreneurship, minimalism, relationships, and self love.

With that said, my 2021 reading list picks are:

The Four Agreements: A Practical Guide to Personal Freedom by don Miguel Ruiz

Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear

Cash Flow Secrets: Real Estate, Investing & Wealth Management Principles They Failed To Teach You In School by Willie Mandrell

More Than Enough by Elaine Welteroth

Happy Sexy Millionaire: Unexpected Truths about Fulfillment, Love, and Success by Steven Bartlett

Solid Ground: How I Built a 7-Figure Company at 22 with Zero Capital by Sevetri Wilson

The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors

Strategize to Win: The New Way to Start Out, Step Up, or Start Over in Your Career by Carla Harris

How I Invest My Money: Finance experts reveal how they save, spend, and invest by Joshua Brown

The Gifts of Imperfection: Let Go of Who You Think You’re Supposed to Be and Embrace Who You Are by Brene Brown

Blaze Your Own Trail: An Interactive Guide to Navigating Life with Confidence, Solidarity and Compassion by Rebekah Bastian

Supermaker: Crafting Business On Your Own Terms by Jaime Schmidt

How To Build An Empire by Ali Kriegsman

Awaken the Giant Within : How to Take Immediate Control of Your Mental, Emotional, Physical and Financial Destiny! by Tony Robbins

I am also open to more suggestions, and will be compassionate with myself through this process. I will be writing a blog post to reflect on what I’m learning in each book. Currently, I am reading Self-Love Workbook for Women by Megan Logan and it has been a game-changer for me. Stay tuned for a blog post on it! Comment book recommendations below.
How do I invest for an expense coming up in a year ?
By: Abhishek Anand
Tags: Rd, Personal Finance, Investing, Money Market Funds, Recurring Deposit

How do I invest for an expense coming up in a year ?

Goal : I have an expense coming up in 1 year’s time. Instead of just keeping aside the money in a regular savings account I want to invest it in a safe instrument. Target being capital protection and making sure I have the money when I need.

Let’s say, for some gentlemen it could be, the AMD Ryzen 9 5900x and a compatible mother board. Lets peg the expense to about 1 lakh INR.

Safe instruments, that I know of

RD

Money Market Fund

Liquid Fund

How does RD work ?

You deposit a fixed amount every month and at the end of tenure you get back the principal that you have deposited plus some interest.

Each bank has its own minimum and maximum limits on how much you can deposit and the tenure of your deposit.

And you have to pay tax on the interest.

You need to add the interest income as ‘income from other sources’ when you file your IT returns.

TDS will be deducted on interest on recurring deposits if the amount exceeds INR 10000.

Usual TDS is marked at 10 %.

If PAN is not submitted with the bank then 20%.

If you do not want the TDS to be deducted and plan to add it to your ITR as ‘income from other sources’, you need to submit the Form 15G with the bank.

Premature withdrawal has penalty and it totally depends on the bank. Make sure you read up on this before starting an RD.

Missing out on tenures has its own penalty. This isalso completely dependens on the bank.

Also, keep an eye on the “maturity instructions”. This is what the bank will do when your tenure is complete. Some banks just renew the tenure and keep the money for themselves. Also, just to screw with you, they will let you change the maturity instruction only for the next tenure. Not the current one. So your money is locked away.

Its quite easy to start an RD. Just open your internet banking portal and look for deposits. There could be a bunch of products under this section, just ignore all of them and stick to regular old RD.

The fine prints are usually tucked in under the rug just to mess with you. Make sure you understand every thing before you start an RD.

You can check out their calculators here:
You Need a Credit Card to Rent a Car: A Money Lie We Won’t Stop Believing
By: Rocco Pendola
Tags: Money, Credit Cards, Personal Finance, Travel, Budget

I need to get this out, or I’m going to explode.

You don’t need a credit card to rent a car.

If you live within your means and practice relatively sound personal finance, it shouldn’t be all that difficult to adhere to standard rental car company debit card policies. Consider the important points Enterprise Rent-A-Car lays out:

You must have a round-trip travel itinerary.

When you pick up your car, Enterprise will place all applicable charges (cost of rental, a deposit) on your debit card, reducing the funds available in your checking account.

A few rental car companies require a credit check and one or two other minor intrusions to use debit over credit. They shouldn’t. But I digress.

And, um, like, guess what also? You don’t need a credit card to secure a hotel room.

As Marriott’s terms indicate, there’s no difference between using a credit or debit card at their properties:

This information takes about 12 seconds to obtain via a simple Google search. However, I bet if you asked 1,000 people — “Do you need a credit card to rent a car or get a hotel room?” — 999.99 of them would say, Yes!

We believe this because we want to. Psychologically, it sits better with us. Same goes for conspiracy theories that claim the pandemic isn’t real. You don’t want to stay at home, keep your distance, wear a mask, skip the holiday gathering, or take out as opposed to dine in, so you make yourself believe the demented hype. This thing ain’t real. It’s a power grab perpetrated by public health professionals, doctors, and researchers who have studied and worked their entire lives to answer this call — then seize control over the populace. Quite a doozy.

But I must digress yet again!?

You’re on the hook for a $400 car rental or a $1,200 hotel room bill. Given how we’re socialized to pay for travel — the sociology of travel! — it comes natural to:

charge it

say you’ll pay it off in full

forget about it

deal with the cumulative balance for the rest of your life.

The idea that if we can’t pay for travel up front — with cash (in the form of debit) — we shouldn’t travel sounds like a foreign concept to many, if not most people. I don’t need to get into all the trouble this way of doing life can cause. I discuss the pitfalls of credit cards here and here.

Let’s be clear. There’s nothing wrong with deferring payment. Or paying for something over time. I do it frequently. However, I used to do it and pay interest. Now, I only do it if it’s a fee- and interest-free proposition.

If you plan ahead, you can pay these purchases in reverse. Save a little bit each week or month. Time it so you’ll transfer the money from your savings to your checking and pay “cash” when it’s time to rent a car and/or stay in a hotel.

Turning something that’s absolutely not true into a given (even if it’s only a “given” in your head) can trigger a world of hurt, whether it’s disregarding and mocking public health measures or living beyond your means. Different types of hurt in scope and scale, but meaningful hurt nevertheless.
You Will Never Be Rich If You Keep Doing These 10 things
By: Ben Le Fort
Tags: Life Lessons, Money, Personal Finance, Wealth, Personal Development

Written by: Desiree Peralta

There are still a lot of people that do nothing because they feel that one day “their time will come” and believe that wealthiness is a matter of divine luck.

But having money or “financial freedom” is more a matter of habits and effort than “luck or easy way,” and there are many habits that do not allow you to achieve that goal.

From living beyond your means to having a single source of income, I bring you 10 signs that say you will never be rich.
It’s Not Your Money: Finding the Peace of Putting God First
By: Joe Galloway
Tags: Joseph Galloway, Personal Finance, Catholicism, Joe Galloway, Catholic

Money worries cause stress, anxiety, family breakdown, anger and fear. At the root of that fear, author and financial expert Joe Galloway reminds us, is not only a deficit of faith but also an excess of forgetfulness surrounding the fact that all we own actually comes from God and that “It’s Not Your Money” anyway. In his second book, Joe offers a practical and spiritual roadmap to the place of peace being sought by so many Catholics and Christians who struggle to put God in charge. In changing one’s attitude about one’s assets, asserts “It’s Not Your Money,” one’s heart can be changed and one’s life transformed to the point of changing the world. This book provides the key to that transformation.

“It’s Not Your Money” by Joe Galloway will challenge your thinking and strengthen your faith by not only teaching you what God says about money and possession — a topic mentioned over 2,500 times in the Bible and more than any other subject — but also by giving you the tangible advice required to follow those teachings. If you are interested in comparing and contrasting what God says about money with society’s best advice for what should drive decisions about finances and possessions, then consider purchasing this personal finances book told through the lens of a Christian spiritual perspective.
7 Simple Hacks to Save at Least 13 Months Money in 1 Year
By: Shajedul Karim
Tags: Money Management, Money, Personal Finance, Self, Investment

3. No Bank Card, So No Money …ohh, I Have Emergency Fund

Emergencies, like the pandemic, don’t knock the door before coming.

It’s crucial to have an emergency fund because your health and family is crucial. When you have the emergency fund, you’ll be mentally stronger for any surprise life throws your way.

Every month, save some percentage of the money you receive. Could be 20%. Could be 90%. Anything. But something.

Keep doing this every month. That’s your emergency fund. “Everyone says: ‘get an emergency fund, save in an emergency fund.’ But what the hell is an emergency fund?”

I get you. Nobody truly defines what an emergency fund is.

It’s a fund for six months of your living expenses. Let’s say you need $500 to live off every month. Your emergency fund is $500×6=$3,000.

Do this from next month: Never accept cash or check from your employee/anyone. What should be the reason? You know that one easy excuse during this pandemic. Should I repeat? Here you go: cash/check can transfer the virus.

Create a savings account in a different bank than your checking account. Checking account is the account you use for your daily, go-to transactions and withdrawal. In the savings account, there’s a limit you can withdraw the money without paying a fee. Also, a savings account gives you higher interest but a checking account gives you almost zero interest.

Once the savings account is set up, request for a debit card (you don’t usually get the card as this account isn’t for transactions…you have to request it). Once you get it, break the card. This is to make you feel like you don’t have the card means you don’t have the money (or direct access to the money) so that you don’t waste it.

Ask your employer to direct deposit the money in your checking and savings account by splitting the percentage of the money you set.

Then, forget you even have a savings account. It’s safe in the bank. The interest adds up. Your emergency fund is getting ready.

Takeaway: At the shopping mall: “I don’t have a debit card so I don’t have any money.”
Joe Galloway Catholic Author Publishes Personal Finances Book for Catholics
By: Joe Galloway
Tags: Joseph Galloway, Personal Finance, Catholicism, Joe Galloway, Catholic

How do you survive and even thrive in these challenging times? How do you find the peace that you truly want?

Common advice to find happiness is to buy more things and go on exotic vacations. That’s great, but it probably costs a bit more than you really can afford. And that causes financial stress. Money worries cause stress and anxiety, and are a major cause of a family’s breakdown.

In his second book, author and financial expert Joe Galloway offers a practical and spiritual roadmap to finding the peace of mind we all seek. It’s Not Your Money: Finding the Peace of Putting God First on Amazon by Joe Galloway will challenge your thinking and strengthen your faith by teaching you what God says about money and possessions — a topic mentioned over 2,500 times in the Bible, more than any other subject. Joe gives you the tangible advice you need to follow those teachings.

If you are interested in comparing and contrasting what God says about money with society’s best advice for attaining happiness and success, then get this book on personal finance told through the lens of a Catholic Christian spiritual perspective. Changing your attitude about assets and income will change your heart. Your life, your marriage, and your family will be transformed. That will change your community and the church for the good of all. This book provides the key to that transformation.
Simple vs. Compound Interest: Computations and Misconceptions
By: Joshua Siktar
Tags: Loans, Personal Finance, Derivatives, Mathematics, Interest Rates

The Two Main Formulas

There are two major formulas to consider for simple and compound interest calculations. Doing lots of practice problems will help you ingrain these problems into your memory, should you need them on the job or for use on an exam. But that’s true for a lot of formulas. Here they are:

Image courtesy of Art of Problem Solving software TeXeR

Of course, these formulas won’t do much good if you don’t know how to use them. There are many ways to use these formulas, and that is much of what this article will cover. The first step in exploring that is to know what all of the variables mean.

I: this is the amount of interest that accumulates over some period of time. In many cases this is the variable of interest, or the thing you want to solve for.

P: this is the principal amount. That’s the amount of money in the initial transaction or loan.

r: this is the interest rate. This is often given as a percentage, but you need to convert the percentage to a decimal (move decimal to the left two places, and remove the percent sign) before you use it in a formula.

t: this is the amount of time that passes, often given in months or years.

A: this is the total amount of money that has accumulated. If a loan is made and paid back later, A will be the principal amount of the loan combined with any interest that has accured. I’ll talk about this a bit more in the next section.

n: this variable only makes sense for compound interest. It indicates how many times interest is compounded per year. In other words, how many times is more interest applied to the principal amount of the investment?

The most straightforward way to use these formulas is to find I for the simple interest problem, or A for the compound interest problem. In either case you’ll need to know the values of all of the other variables in that equation. What if you want to just find the amount of interest for a compound interest problem? How can the things we’ve gone over help us? Let’s talk about that now.
Am I Obsessed With Making More Money?
By: Emma Klauber
Tags: Student Loan Debt, Personal Finance, Careers, Salary, Feminist

My relentless pursuit for a higher salary is due to a good reason.

I consider myself braver than the average person.

Every year since high school has been a series of scary choices on a small to grand scale. I can’t imagine operating any other way.

I’ve pursued a career in the arts, in New York City, without a single connection or idea about how to go about it. I’ve met countless internet friends in real life (hi to my shame[less] co-founder Miranda!) and ask strangers on Linkedin if they’d be up for a chat on a near daily basis. I’ve moved to London pre-smart phone (!!) for a year with a total of two suitcases and moved to Delaware for a new job without ever visiting the state…

And yet, talking about money on the internet, particularly in regard to student loans, is especially terrifying. I’ve had enough experiences of judgment from strangers and friends alike that the topic has been largely off limits.

But when Miranda shared with me the advice she received from a financial consultation, she validated a long standing hunch I had and have been inconspicuously working toward.

The best solution to paying off students loans is to simply make more money.

So simple! So easy! So obvious!
Kalyan Jewellers IPO
By: Pankaj Gupta
Tags: Personal Finance, Investing, Stock Market, IPO, Equity

While I was studying about Kalyan Jewellers (IPO + Winter Season), few thing amazes me:

1) Ownership Structure in GCC Countries (21.8% of revenue in FY20):

a. In layman terms, in GCC Countries, if you are opening any foreign Company there, then the nationals of these countries must be a majority shareholder but there are some exceptions Free Market Zone (UAE)

b. So as consistent with the approach taken by many other companies operating in the region, Kalyan have entered into shareholder arrangements with local shareholders which are intended to provide Kalyan — management control and majority of the dividends or profits despite having minority legal shareholding

c. Issue1: If the local shareholder someday disagrees or the regulator finds then these arrangements may be found to violate local law and the penalties could include criminal sanctions, closure of business, fines or order to pay local shareholder the dividend with retrospective effect

d. Issue2: The Company has been showing its financials by including 100% of the assets, liabilities and results of operations of its subsidiaries

e. Issue 3: Agreements are with natural persons, which are subject to succession risks in the event of the death or incapacity of a nominee shareholder. There may be risk that the nominee shareholder’s heirs or assigns, with whom we may not have any existing relationship, could contest the shareholder arrangement
Stages of financial independence. Where are you on this journey?
Tags: Personal Finance, Investing, Fire, India, Retirement

Most of us strive for financial independence one way or the other. To see how we are progressing in this journey, it is important to know how to calculate your net worth and have milestones along the way.

Here are the 7 milestones you have in your financial independence journey:

Net worth is negative: Simply put you owe more than you own. Many of us start off in this space with education loans and/or zero savings Net worth is zero: This one is a huge milestone to mark progress. You have achieved a stage where you have enough assets to cover your debts. Net worth is INR 1 lakh: The first one is the most difficult to reach. The rest will follow

Photo by Heidi Fin on Unsplash

Net worth is INR 10 lakh: This one marks a lot of progress from the previous milestone. You have essentially 10x the money. Net worth is INR 60 lakh: This is the next 6x your money. This is a crucial point to ensure you have a solid investment strategy to ensure liquidity. For people living with remote areas, this is a financial independence number. For people living with parents or having other comforts, this is at the very least a LeanFIRE number. Congratulations on getting here! Net worth is INR 2.4 Cr: Now you have 4x your money from the previous milestone. This is the stage where most people can retire and live off their investments in low cost of living areas. For others this is the stage they can start BaristaFIRE. Net worth is INR 10 Cr: This is the next 4x for your money. Only sufficiently high income earner and/or good investments can get you here. Everyone can retire at this stage with a 4%SWR and for most this would be FatFIRE.

Which stage are you at? Do your stages look very different from this? These stages are for the privileged city life. You don’t need as much in Tier 3, Tier 4 towns. Let me know your thoughts in the comments below.
2 Ways to Earn Money Gaming on the Blockchain
By: Benjamin Palaskas
Tags: Cryptocurrency, Personal Finance, Saving Money, Blockchain, Gaming

1. Upland — Earn UPX trading virtual real estate

Upland — available at upland.me — is a virtual real estate trading game that allows the player to earn a virtual currency called UPX, which players will soon be able to convert to USD for real world profits.

A self proclaimed “metaverse”, Upland lets players explore a market of unique virtual property represented by real addresses. Uplanders can own and build on these properties to increase their monthly returns and expand their real estate monopoly while making friends — or enemies — with other players. Upland currently offers virtual assets over two real-world regions, New York and San Francisco. Set to expand their operations over the next year after their confirmed partnership with Linden Labs — creators of the classic game Second Life — it would certainly be a good move to start your real estate business now, before UPX becomes too valuable. Upland currently presents an invaluable opportunity to casual gamers and blockchain enthusiasts alike as it has an incredibly low barrier to entry and is still in its early stages, despite seeing tons of volume and activity. Get in on it now while you still can!

Learn more about how Upland and UPX work on their website

2. Axie Infinity — Earn AXS buying, battling, and breeding cute creatures

Possibly the hottest game on the blockchain right now, Axie Infinity has created some serious returns for its players with some creatures selling on the marketplace for tens of thousands of dollars. However, all this profit comes at a cost. The barrier to entry into this entertaining opportunity is not quite as low as that of Upland. To get started in this creature economy you will need to acquire any three axies on the marketplace. After that you’re ready to put your axies to work and earn AXS.

Each axie is unique and therefore has its own value independent of other axies. This value is determined by a number of things, but every axie has a unique combination of traits and body parts. All this information about your axie is eternalized as a unique token on the blockchain called a non-fungible token. The uniqueness of these tokens combined with their utility — and cuteness in the case of axies — can influence its real world value in marketplaces like the one in the Axie Infinity Universe. Set to expand later this year with a 3D world for exploring and battling, the Axie Infinity Universe is only going to get more exciting and in turn more valuable. Time spent playing with virtual creatures may be time well spent.
Dividends Explained and why they can be dangerous.
Tags: Dividends, Personal Finance, Passive Income, Stock Market, Investment Ideas

John D Rockefeller the primary billionaire in history was once cited saying, that his lone delight in life was the see his dividends come in. Plainly individuals love their dividends and all things considered. After every one of certain sources guarantee that more than 20 years, dividends establish 60% of the s&p500 despite the fact that restored a major number, that will clarify our risks. Remember things that could rapidly transform an incredible dividend stock into a failure. So before you go pursuing dividends how about we go over the great the terrible and the revolting in the present post.

Capital gratefulness gets all the adoration with regards to venture examples of overcoming adversity. Think about all the occasions you've known about somebody purchasing a venture for a couple of dollars, just to sell it for millions, in the not too distant future. Yet, it's not by any means the only segment of your complete return. All things considered on the off chance that you own give it in paint stocks, some portion of your dividend will come from the pay you get. What's more, there are numerous in the speculation network who live for that additional income. Indeed it's very regular to discover speculators committing their whole portfolio to dividend paying stocks. Also, who can accuse them dividends resemble a stipend for adults with a great deal of advantages. What's more, not normal for a stock's value the return they offer is a smidgen more steady.

Be cautioned. Following a dividend venture technique isn't as simple as pursuing the best returns. There's a long way to go before you pick a dividend stock and what may resemble a stunning wellspring of money, may really be a ticking delayed bomb in camouflage. So today how about we have a thorough gander at dividends. Counting who pays them, why individuals love them so much and what to look out for when chasing them down.

To continue reading visit

https://finozilla.blogspot.com/2020/12/dividends-explained-and-why-they-can-be.html?m=1
The Income Streams I Plan to Build in 2021
By: Lincoln Olson
Tags: Money, Personal Finance, Investing, 2021, Wealth

INCOME STREAMS (ideas):

These are my best ideas and what I’ll be spending my 2021 working on building up.

Monthly Figures, December

Real Estate Sales: $0

I got my real estate license a few months ago and currently have one listing. I am working with several buyers and expect to do somewhere in the neighborhood of 3–5 transactions in 2021. Spotty income, but could be a sizable chunk of change.

2. Rental/AirBnb Income: $0

I’m looking to buy a duplex, rent out one unit and test the other half on AirBnb. My local AirBnb market has very limited supply, so this has a lot of potential. Currently searching for the right place, might work with a developer to build it.

3. YouTube: $0

I started a YouTube channel a couple months ago in the personal finance niche. It’s 2020, building an audience is Step 1 for almost every endeavor. I’m a long ways from monetization but will hopefully make the jump by mid-2021.

4. RedBubble: $0

Yes, I started a RedBubble store and will be uploading finance/investing-related products on there regularly. This is basically to test the waters but could be a very passive (though likely quite low) source of income throughout the year.

5. Flipping: $750

If you’ve seen my YouTube channel, you’ll know I’m a huge fan of this side hustle. Very high ROI and can work when I want. Definitely the least passive option on this list.

6. eBook(s): $0

Also will need an audience to build any real momentum with this one, hence the YouTube channel and now writing on Medium. Again, this is simply to test the waters and see some passive income flow as a result from my audience growing.

7. Digital Products: $0

I’m going to learn to build plug-ins or templates on Wordpress. This has a great deal of potential but will be quite time consuming and tough to get off the ground.

8. Medium: $0.86

Yes. I apologize. This was my reason for starting to write on Medium. Another way to test the waters while (hopefully) growing some sort of audience.

Total: $750.86 in December
2020 Review: Our most popular stories and resources for small businesses and employees
Tags: Small Business, Personal Finance, Human Resources, Financial Planning, Nonprofit

2020 Review: Our most popular stories and resources for small businesses and employees TrustPlus Follow Dec 23, 2020 · 2 min read

Emma’s Torch Founder Kerry Brodie

Throughout the COVID-19 pandemic TrustPlus has been supporting small businesses and workers, offering free personal finance coaching, data, insights, and resources to navigate the economic fallout of the pandemic.

As we reflect on a painful 2020 for so many nationwide and look toward 2021 with renewed focus, commitment, and optimism for better days ahead, we highlight our most widely read stories on the financial and emotional impact of the COVID-19 pandemic and resources to help you get through it.

“Every day, I use my personal finance journey to help support and provide insight into my financial coaching clients. I draw on the panicked feeling of ‘how am I going to provide for my family,’ that I went through after 9/11, where I worked on the 10th floor of the South Tower.”

Catalino is worried about caring for his young daughter’s needs and supporting his wife, Ariel, who is working on the frontline in a nursing home.

As the 2020 tax year comes to an end, these tips for employers are as relevant as ever.

A thorough walkthrough of how to manage your personal finances during the pandemic and beyond.

The restaurant and social enterprise Emma’s Torch in Carroll Gardens empowers refugees through culinary education, job training, and now with personal finance coaching from TrustPlus.
Napkin — Expense Manager with SMS Scanner
By: Lioland Software
Tags: Flutter, Budget Planning, Apps, Personal Finance, Android

User Guide

Open up Template Editor from Settings > SMS Templates screen.

Provide a template name and select a sample SMS from the Message thread from which you want to extract expenses. e.g. if you are receiving SMS messages from your bank when a credit card transaction is made, it probably contains the location of the expense, amount and the currency code. For this, a template can be created to automatically capture such expenses.

Each template has to identify 3 mandatory attributes. You can long press to highlight these parts of the message and use the coloured button to label them.

Shop: Location of the transaction. In case the location is not obvious, you may select some text that would give you the closest context. You can later make manual modifications to captured expenses.

Currency: Every transaction typically mentions the currency code on which it was made. This is a 3 letter word such as USD, AUD, INR adhering to an international standard. Expenses that are from foreign currencies, will be automatically converted to local prices using recent exchange rates. For this Internet connection is required.

Price: Transaction amount. When highlighting the Price, please avoid unnecessary trailing characters. e.g. 1,234.00 is okay but 1,234.00; is not. So end the highlight before the semicolon(;) in this example.

Dynamic: Use dynamic button to mark texts that can be different from one SMS to another other than Shop, Currency, Price parts. e.g. texts containing timestamps, account balances etc could make your template less general. So use Dynamic button to ignore them.

There can be multiple templates if you have different SMS messages coming from the bank for different transaction types such as credit card, debit card, withdrawal etc. Each type could have one template.

Once the templates are setup, go to the expenses list and pull down to refresh. This will start processing messages from the last bookmarked position. If you are running for the first time and you have a long history of SMS, this might take several minutes. If the screen freezes during this processing, please be patient as it will be back to normal once the SMS are processed and thereafter this will be fairly instant.

Tap on the icon on left to categorize the expenses.

Tap on the description area to edit the expense.

You can also create new expenses using the floating add button.

Recorded expenses will then appear in Dashboard reports. You can view reports up to 8 months to the past.

Clicking on Monthly columns will update the category breakdown.
Ready Fire Aim – The book you must read if you are musing about creating a business one day
By: Rémi Connesson
Tags: Startup, Life Lessons, Personal Finance, Entrepreneurship, Personal Development

Ready Fire Aim – The book you must read if you are musing about creating a business one day

Photo by Kristina Flour on Unsplash

When I was in engineering school, I was working as a bartender to make the ends meet.

I was working nights and as I was working to save money, I didn’t indulge myself in paying for a cab after every shift.

Of course, the subway was closed after 2 AM so I had to take the night bus.

Cumulatively, I have spent months of my life on a night bus to get back home, my gaze lost through the window, dreaming of a better tomorrow.
Are you liable to pay advance tax?
By: Aradhana Gotur
Tags: Personal Finance, Advance Tax, Income Tax

Paying income tax is more like a national responsibility. That said, paying your taxes in advance can relieve you of stress arising from keeping it for the year-end. In this article, we talk about everything you need to know about advance tax.

What is advance tax?

Paying a portion of your income tax liability for a financial year in advance or before the year-end is called an advance tax. It is payable when your income tax liability for a financial year equals or exceeds Rs 10,000. You only attract advance tax on the income generated in a year.

Advance tax due dates

Advance tax payment is to be done in instalments before the specified due dates.

For self-employed and individual businesses, the advance tax due dates and specified instalments are:

30% of advance tax liability to be paid on or before 15th Sep

60% of the advance tax amount to be paid by 15th Dec

100% of advance tax liability to be paid on or before 15th Mar

For corporates, the advance tax due dates and specified instalments are:

At least 15% of the advance tax liability to be paid on or before 15th Jun

At least 45% of the advance tax liability to be paid by 15th Sep

At least 75% of the advance tax liability to be paid on or before 15th Dec

100% of advance tax liability to be paid by 15th Mar

Who is liable to pay advance tax?

All categories of taxpayers including freelancers, salaried individuals, professionals, and senior citizens are liable to pay advance tax if the total tax liability for a financial year after adjusting TDS is over Rs 10,000. A list is:

Your tax liability after TDS is Rs 10,000 or more

You are a self-employed or a salaried individual

You have earned capital gains on the sale of shares

You have earned interest on fixed deposits

You have received lottery income

You receive rent or income from house property

NRIs whose accrued income in India exceeds Rs 10,000

Advance tax payment for taxpayers under the purview of presumptive income

Businesses or professionals including (architects, lawyers, doctors, and consultants) under the purview of presumptive tax regime of Section 44AD are required to pay 100% advance tax liability by 15th Mar of the financial year.

How to calculate advance tax payment?

You can compute your advance tax liability by following these steps:

Step 1: Ascertain your estimated income other than salary for the given financial year

Step 2: Deduct your expenses such as rent, travel, and internet

Step 3: Add your salary income, if any

Step 4: Subtract TDS already deducted or likely to be deducted

Step 5: Compute tax payable as per your applicable income tax slab

Step 6: In case your tax liability after deducting TDS payment exceeds Rs 10,000, then you are liable to pay advance tax

Alternatively, you can also calculate your advance tax liability using the advance tax calculator available on the income tax department’s website.

Continue reading what happens in case you delay advance tax payments, refund policy, and process of paying advance tax online and offline.