Hope for your financial life and beyond

7 Ways to Future-Proof Your Business

As we have seen in the last year, the future is unpredictable. You never know when a major event is going to pop up and disrupt your plans. It is something you should prepare for even if you don’t know when the event will happen. 

This is true for your personal financial life. You need to have an emergency fund in place to pay for unexpected events.

But it is also true for those who run their own business. The steps you take today will determine how well your business can face unexpected challenges.

The pandemic is a perfect example of how unforeseen challenges can disrupt the status quo. It really shook up the business world. Research is showing that 91% of businesses have adopted some form of digital strategy as a way to future-proof their business from issues like the one we just faced. This is just one way that companies need to adapt to an ever-changing world. 

So what plans have you set in place to guard your business against a drastic economic shake-up? Can your company survive in any unforeseen circumstances? If you are not sure, then consider a few of these practical and effective ways to protect your business against unforeseen situations in the future. 

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The Beginner Bitcoin Mistakes You Don’t Want to Make

Within the last few years bitcoin and other cryptocurrencies have been in the news a lot. It’s become very fashionable to talk about these as a legitimate, new form of investing. Many people are looking at it as a way to make money and become wealthy.

But is it better than traditional investing in stocks and bonds? And should everyone be investing in these currencies? Are there issues to consider before you tackle the cryptocurrency world? 

It would be good for you to know that there are some common Bitcoin mistakes beginners tend to make. So if you are thinking about dipping your toe into the Bitcoin trading and investing world, it’s important to understand what to avoid doing. You don’t want this new venture to end in disaster.  

So, let’s look at some of the mistakes Bitcoin investors make and how you can avoid them.

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How To Take To The Open Road (And Earn Money When Doing So)

Covid-19 has caused a lot of havoc with people’s finances. You may have noticed a significant dip in your expendable income, the amount you have left over after paying your basic bills. Whether whether this is the result of reduced working hours or company cut-backs doesn’t matter. You see it and feel it in your everyday life.

There are steps you can take to combat this issue, like prioritizing your spending habits when making a budget or trying your hand at investing. However, one of the ways you probably thought of immediately was to be on the lookout for a new way in which you can earn more money. Whether you call it a side hustle or just getting a second part-time job, when a crisis hits, this is the route many people take. 

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How to Succeed Quicker in Business

Have you ever started a business? If so, you know that starting one is not an easy task. It takes time, effort and a lot of work to get one started and headed in the right direction.

When it comes to the world of business creation though, entrepreneurs want to succeed quickly. These are fast-minded and driven people who want to see their investment turn a profit quickly. For them, a long, drawn out process is not what they are hoping for. They want to move and move now. 

Now, there’s nothing wrong with taking your time and getting to where you want to be slowly and gradually. However, there are certain things you can and should do in order to make your rise to the top happen faster and with less difficulty. If that is what you are looking for, then the following ideas and strategies may prove useful for you. 

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What Are the Challenges of Being a Digital Nomad?

A lifestyle that is appealing to a growing number of people is being what is known as a digital nomad. This type of lifestyle brings the freedom many enjoy and the ability to make money in the way that they want. In essence, while you earn, you get to travel and experience new things. You’re not tied down and stuck at home or in an office, doing the same stuff day-in and day-out.

How is this possible? Through the use of technology. Digital nomads use telecommunications devices like cell phones or laptops with wi-fi access or hotspots to conduct their business. By using these devices they are not tied down to one location. They conduct their business and do their work wherever they want, like in coffee shops or libraries. Many even work in foreign countries. 

While this lifestyle might sound appealing, the life of a digital nomad isn’t always a perfect paradise. There are plenty of challenges with living this way. So, if you are thinking about becoming a digital nomad or are looking for ways to navigate some of the challenges you face as one now, here are some strategies that might help.

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5 Sure Fire Ways Of Becoming Financially Independent in 2021

Everyone loves the idea of becoming financially independent, especially in this day and age. Who wouldn’t want to have the luxury of not worrying about how to pay your day-to-day bills and have some money left over to enjoy. That would be a nice place to be. 

However, the rise of coronavirus has seen the unfortunate downfall of many businesses. That means many people have been left out of work and financially devastated. For some, it seems like there may be no way back from their situation. 

However, even in times like these, financial freedom isn’t as far out of reach as you might think. While it’s not an overnight process, you can set yourself on track to achieving exactly that!

Not sure where to start? Here are some basic ways you can move towards being financially independent in 2021.

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The 5 Most Important Concerns When You Are Flipping Houses

I’ve written a lot on this site about owning rental property and being a landlord. For me, it’s one of the best ways to earn passive income. There is a good deal of work that goes into purchasing and renovating the home. But once that is done, for the most part, owning rental property can be a hands-off side hustle, especially if you hire a professional management company to take care of it for you. 

A not-so-hands-off side hustle would be flipping a house. For those that may not be familiar with this practice, the term “flipping” refers to a short-term ownership of the home. The buyer (investor) purchases the property with the intent of renovating it and then selling it for a profit. This is done in as short a time frame as possible so that income can be realized to pour into the next flip. 

Flipping isn’t easy. I have some friends who do this and have had some measure of success. But if you are looking to make money from buying and selling property, you will need to be fully aware of what is in store for you. Some of the concerns with buying and long-term ownership of rental homes also applies to flipping homes. However, there are a few additional concerns in particularly related to flipping homes. 

So today, I’m going to take a look at what those concerns are and discuss what you can do to deal with them properly. If you do the following, you will find this is much easier to do.

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What Does God Prescribe for the Handling of Your Personal Finances?

The Bible has a lot to say when it comes to managing our lives in a more wholesome way. Money has always influenced the way people live. However, it does not mean that it should affect the kind of people we are at heart.

If you’ve grown up in a Christian household, you may have heard it said “Practice contentment and don’t covet other people’s stuff” (derived from Exodus 20:17). But the world around us usually says otherwise in the way that it tries to sell us material things by making us want them through various advertisements.

In the modern age, our finances can be affected by just a click of a button. It makes you wonder how we can manage that power and have better control over our finances. Many books have been written and careers made based on the popularity and demand for such help. 

Additionally though, people can and should turn to see the nuggets of advice that the Bible has to offer about how to manage your finances. Here is a quick guide to help us explore what the Bible says about money. 

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What Can I Do to Have a Better Chance at Getting a Mortgage Approval in 2021?

If you’re an aspiring homeowner, then you probably understand how challenging it is to qualify for a mortgage. Many lenders have introduced stringent measures in an effort to cushion themselves from the economic uncertainty brought about by the pandemic. Despite interest rates being at a record low, borrowers are still struggling to get their mortgages approved.

However, there are several tips you can follow to get your mortgage application approved without too much hassle. For starters, you need to find a quality lender, who you will feel comfortable with leaving the process in their hands. In fact, for our Canadian readers, you can get remarkably affordable mortgages from Altrua. Regardless, whether you’d like to get a second mortgage, lower your rate or simply recalculate payments, there are many lenders in your area where you can go to find a good rate.

So, what do you look for when choosing a mortgage lender? These five areas stand out above all others: 

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FACT: The Rich Rule Over the Poor and the Borrower is Slave to the Lender ― Proverbs 22:4

The society we live in today revolves around being in and remaining in debt. Don’t believe me? In the early 1900s, most people owned their house with no mortgage

what does the bible say about debtIt wasn’t until after WWII that debt became a more popular way to make purchases when loan requirements were loosened and lenders became protected by federal law. When the opportunity for mortgages expanded, debt went through the roof. 

At the beginning of 2020, more than 50% of Americans make just enough money to pay their bills each month. If something were to happen and they missed a paycheck, some of their bills wouldn’t be paid that month. In fact, 40% of Americans can’t cover $400 in the case of an emergency.

The questions regarding debt that are the most important have nothing to do with what others are doing or thinking. For Christians, it is important to ask what the Bible says about debt

The four most important lessons the Bible teaches about debt are:

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How to Invest in Stock for Beginners

As I have stated many times on this site before, it is of utmost importance to be invested in the stock market. The earnings you make from your career will be your biggest wealth building strategy. However, second only to that, will be what you invest in. Many people have been able to build significant wealth through investments. 

While you can find many tools and resources on this topic on both online and offline platforms, a beginner may find it hard to know where to start. What should you be looking for anyway? And what are the key things to think about and ask before you even put down money on an investment? This article will give you some tips to get you started as a beginner. Hopefully after reading, you’ll realize that this is not as hard as you may think.

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