Investments in Blockchain Farming and Agriculture

blockchain farming

Hype surrounds cryptocurrencies and their potential to liberate the unbanked and create a new model of finance for the world. Yet, the potential for the underlying blockchain technology to revolutionize farming does not seem to find its way to the news rounds. The agricultural sector benefits from blockchain technology with the help of names like IBM.

Continue reading

Mega-Merger of Barrick and Newmont Could Generate a Divestment Free for All

Gold prices are grinding higher, as the dollar remains soft. This comes in the wake of Fed Chair Jay Powell’s Humphrey Hawkins in front of both houses of Congress. He continued to keep to the script discussing the need for patience. He also said that the runoff in the Fed’s balance sheet, which has had a tightening effect, would end in 2019. While prices have been rising slightly, merger and acquisition news hit the tape.

Continue reading

Should You Invest in MLB Crypto Baseball ‘Cards’?

MLB Crypto Baseball Cards
Investing in MLB Crypto Baseball Cards

MLB Crypto Baseball is the first sports league with non-fungible tokens for public-use on blockchain. Non-fungible tokens are unique tokens which are not interchangeable. They are representations of goods or assets. MLB Crypto is a cross-over between baseball card collecting and fantasy sports.

Continue reading

Would You Pass up a $14.5 Million Salary for a Year?

The NFL saga of Le’Veon Bell is finally over, at least for the 2018 NFL season.  Bell will not suit up for the Pittsburgh Steelers or any team for that matter.  From a fantasy football aspect, many who drafted Bell in their leagues are quite upset, including David Spade.  The Steelers and their fans are also disappointed but ready to put this behind them.

Image result for le'veon bell

By deciding not to sign a long-term contract or his franchise tag this season, Bell passed on over $14.5 million in salary.  This begs the question.  Would you pass up a $14.5 million salary for a year?

WHAT DOES $14.5 MILLION LOOK LIKE?

If you had a job earning $14.5 million in salary for a year, you would take home $1,205,333.33 a month.  If you were paid twice a month, that would come out to $604,166.67 per paycheck.  That’s roughly ten times more than the average American family makes in the entire year!

Of course, this is all before taxes.  If one earns a salary of $14.5 million for a year, they will be in the highest federal and state tax brackets.  After taxes, someone can still expect to take home a nice chunk of change every couple of weeks.

HOW MUCH OF A $14.5 MILLION SALARY CAN I SAVE?

That answer is up to you.  You can make a lot of money, but if you spend a lot of money you have very little leftover for savings.  The opposite is also true.  Maybe you don’t make a lot of money, but of what you do make you save first and spend later.  This is a good recipe to build wealth.  Saving before spending along with creating a free monthly budget is a good recipe for wealth building.

Although saving with an IRA, particularly a Roth IRA, is a good way to save for the future, you are unable to participate if you make a $14.5 million salary.  2019 income limits have been announced for IRA’s and you’d have to make less than 1/100th of that salary to participate.

CONCLUSION

Although we can dream about making a $14.5 million salary, the reality is that very few people actually pull down that kind of money in a year.  After all, Le’Veon Bell turned it down hoping for a bigger payday.

Even though you don’t make millions of dollars doesn’t mean you can’t achieve everlasting wealth.  Achieving wealth is a two part recipe: budgeting and investing.  Proper budgeting and smart investing can build a wealth that one can pass on for generations.

Budget Smart, Invest Wise

OTHER NFL PLAYER’S NET WORTH

Ameer Abdullah Net Worth

Drew Brees Net Worth

Jason Witten’s Net Worth

Jarvis Landry’s Net Worth

If reading this blog post makes you want to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started.

Choosing Between a Conveyancer Or Solicitor

If you’ve recently made an offer on the purchase of a property, you’ll know that the next step in the process is hiring a solicitor or conveyancer in order to legally transfer ownership from the seller into your name. This process is called conveyancing, and that’s why you can choose the services of a conveyancer. You can also choose to hire a solicitor, another legal profession that specialises in property transfer. But which one should you choose?

In order to answer this question, first you’ll need to know what each of these does, and then decide on whether a solicitor or conveyancer is better for your needs. Both solicitors and conveyancers are licensed and regulated by the government, and they will also act almost identically when handling your property transaction. However, there are a few differences.

Solicitor Or Conveyancer – The Differences

Conveyancers are property lawyers who focus especially on residential property transfers, whereas a solicitor is a qualified lawyer and is trained in many other aspects of the law. Sometimes, a solicitor may charge more than a conveyancer to complete a property transfer. This would still depend on the complexity of the process of the property you wanted to transfer.

What To Look For In A Conveyancer or Solicitor

There is a lot of bureaucracy involved in conveyancing, but all the legal paperwork is necessary to ensure that the transfer of the property goes through. The last thing you want as a buyer is for unnecessary delays because your solicitor or conveyancer has not handled the process promptly. So, you really need to find someone with a good track record to handle your conveyancing efficiently, such as River City Conveyancing based in Brisbane, who has an excellent reputation.

Make sure that your solicitor or conveyancer is ready to answer your questions whenever you need them. Conveyancers are often office-based, as opposed to solicitors who may have other legal duties.

Before hiring either a conveyancer or solicitor, ensure that the quote you are provided is final and doesn’t include hidden costs that will sting you later. Two things to avoid are quotes that do not fully itemise all charges, and also any conveyance service that charges an hourly rate.

Making The Choice Between A Conveyancer And Solicitor

The bottom line is that in most cases of transferring property ownership, the conveyancer will be able to handle your complete transaction. There may be reasons you need to take on a solicitor, especially if there are legal complications involved in the conveyancing, such as boundary disputes. In these cases, the legal knowledge will be superior to what a conveyancer is trained for, and you will need to ask the services of a lawyer.

You might be tempted to just go ahead and simply hire conveyancers. However, for a more expensive property, hire solicitors for they can tackle problems involving higher value homes.

 

The Importance of Predictability in Finances

Many people enjoy a lack of predictability in at least some facet of life. Surprises can keep life interesting and exciting, after all. However, there are situations where surprises are not desirable at all. One case of this applies very much to personal finances.

People generally want their personal finances to be as predictable as possible so that they know exactly how much they will be making or how much they will need to pay for a certain bill every month. Of course, there are pleasant surprises when it comes to personal finances, like when you end up having to pay less than you had expected, or you end up getting a surprise bonus check at work, but these types of surprises are very rare. When it comes to personal finances, it’s much more common for surprises to entail a loss of money rather than a net gain.

Predictability is often the most desirable state when it comes to personal finances, as people like to know when their payment due dates will be every month and that they will not have to pay more than they are expecting to pay. Having to pay more for an unexpectedly high bill will take away money that you may have been planning to spend somewhere else, which can be highly frustrating.

With this in mind, it pays to know as much as possible about a financial arrangement before putting your signature down. For example, learning what are installment loans repayment plans can be determined by reading the details outlined by lenders on their websites. It might seem like a lot of confusing financial language, but similar to learning a foreign language, eventually you start to catch on to the lingo. Furthermore, a good sign of a trustworthy lender is the level to which this information is provided.

Another common source of undesirable unpredictability when it comes to personal finances is earning less money than you had expected to earn. This can happen when your hours have been cut back at work due to a decision that was out of your control, or when you suddenly lose your job with no warning and do not have time to get a new job without having a gap in employment. In these situations, which commonly arise, you will have to make do with a smaller amount of money and may have to cut back on what is already the bare necessities.

As you can see, there are many reasons why predictable personal finances are highly valued by anyone who does not want to end up in a financial crisis. Ideally, the situation will always be predictable, with no unexpected losses of income or surprise bills popping up, but the reality is that this is not always the case. If you end up with less money in your budget than expected, it is important to be prepared for the situation and know how to deal with this less than ideal predicament, and have a backup plan if necessary, such as an emergency fund. If you are already in this situation and have no idea how you are going to get through it, keep this in mind for next time so that you are better prepared when the situation arises again.