by stevengconnelly@aol.com | Feb 17, 2018 | Wealth
At some point over the past few months we’ve all heard some one talking about “Bitcoin.” Most people only what they see and hear on T.V. however if you have been following the success of Bitcoin you’d be surprised. One year ago it was valued at around 990-1000 dollars today the price is hovering around 10,500. When you look at profits you’d have earned over the past 12 months it’s amazing. I personally have not seen an investment sore like Bitcoin, If you were to ask my thoughts a few years ago I would have said stay away from it. After further review, Bitcoin is a new way to look at how we conduct a medium of exchange. However the proper identification for this new exchange is blockchain technology. This new innovation may seem cutting edge to us, truth s it has been around for over 25 years. Think of it as an online ledger, a way to eliminate the middle man, a decentralized way to exchange. Blockchain does not depend on a third party in order to complete a transaction like banks, credit card companies often do. Additionally this peer-to-peer transaction is completely open source, unlike a private ledger blockchain is a transparent ledger with each participant able to see the transaction. Unlike conventional banking, blockchain is a much safer way to exchange as well as allows the user to protect their money. eliminates the chance of identity theft, fraud, phishing attacks, etc…It operates by a network of computers, not just here in the states, all over the world. Each transaction is assigned a number or letter and...
by stevengconnelly@aol.com | Jun 25, 2016 | Wealth
Over the years we have all had the desire to become wealthy, however if your like most people “life” just seems to get in the way and there never seems to be enough money to get ahead. The good news is there are many ways to increase your wealth with little to no change in your standard of living. First we must figure out what we want. Are you spending money on things that don’t bring you joy! One of the first things to do is to come up with a realist goal in mind. If a professional marksman is shooting at a moving target do you think he will hit it?If you and I are going to live a life of financial freedom we must first set up a plan. The decisions made today lay the foundation for the financial future for tomorrow. When I was younger with little kids one of the biggest struggles my wife and I were faced with was saving money. Don’t get me wrong we were both mindful of what we spent money on, however there just seemed to always be an unexpected expense that would come up. I decided to make a small shift in what we spent our money on: Instead of going out for supper on the weekend with my family, I ordered pizza and had “movie night” with the kids. That small shift saved us 2,000 in one year. Think about your expenses, it’s not about depriving yourself, it is adjusting your spending habits to be congruent with your core values. Here are 6 steps to help you be...
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