Led by investor and entrepreneur Fernando Garcia, Bridge 3 Labs (B3L) is an Austin-based blockchain startup focused on long-term wealth creation through disruptive Web3 technology. Founded in January of this year, the startup describes itself as “the 1st NFT Venture Studio bringing access to exclusive IRL assets through utility NFT projects.”

Born in Spain and now living in San Francisco, B3L’s CEO and Co-Founder Fernando Garcia has made a name for himself as an unstoppable leader and entrepreneur. He currently holds the position of Vice President of K2 Capital and Senior Vice President at Postlane Partners, having held similar leadership positions at Gladieux Energy, CKC Partners, and Search Fund Accelerator. Fernando is now channeling all of his experience on Bridge 3 Labs, which he is sure will outperform his previous $75M fuel automation technology and distribution business.

With this mission in mind, B3L is bringing together a private community of entrepreneurs and investors from different backgrounds to revolutionize how NFTs create wealth. By sourcing, identifying, and investing in promising teams, the startup not only helps new Web3 projects get off the ground but also brings value to its members. The B3L team has over 30 years of combined experience as founders and leaders of start-ups and mid-stage across the IT, Energy, Luxury Real Estate, and Wine industries.

The project uses its own NFT “B3L Pass” not only to grant its holder access to the exclusive community but also to advanced trading analytic tools, research, educational content, private IRL event invitations, and exclusive rewards. While the use of NFTs as a means to access a community is not new by itself, the highly professional nature of the B3L pass. In addition to this, the team will soon be adding value to the Genesis Collection via “Heirloom” NFTs.

Non-Fungible Tokens have been long criticized for their highly speculative nature and supposedly “lack of value”. Heirloom NFTs address this issue by using tangible high.end luxury experiences and commodities as their backing. At this time, these include a private Bitcoin mining operation, a boutique hotel chateaux, and a world-class winery. The high value and utility of the assets backing these NFTs mean that they will be especially beneficial to long-term holders, resulting in them being an heirloom of sorts as they continue to appreciate in value.

By taking the idea of NFT away from an art-focused technological tool, B3L is looking to make them a more effective and attractive wealth-generating tool. While this would be closer to the idea behind cryptocurrencies, Heirloom NFTs differ in their use of stable IRL assets instead of services and trust. B3L is bringing the best out of the worlds of crypto, NFTs, and luxury assets into a single product, a mix that is sure to be a game changer in the long term.

The post NFTs Changed Art and Gaming Forever: B3L Doesn’t Think That’s Enough appeared first on Grit Daily News.

While there are many things that a typical LMS can do apart from internal learning and drafting developmental programs, the following are some key points that make it more customer-centric:

•  Regular posting of educational videos
• Quick learnings through quizzes, assessments, and exams 
• Offering a wide variety of learning courses which covers topics from different ambits.
• Analyze the customer’s performance and give them proper feedback
• Awarding them credits and certifications at the end of the completion stage.

LMS platforms are used globally, across various industries, and for different learning purposes. Hence, the primary motive is to keep the customers engaged and satisfied. For that, some attributes can be of help.

 Let’s look at some important features in LMS which can be helpful in customer training-

Saves time, money, and efforts

A good LMS saves a lot of time. If we have to do the onboarding according to traditional methods, we would be burying our heads under piles of paperwork. Also, the customers can come from any part of the world. Hence the training is not restricted to any geographical setting. Customers should be able to learn from the content at their own pace.

 Information is made available anytime anywhere.

All the information stored in an LMS can be assessed from anywhere and at any time. It can be viewed from a laptop, tablet, or a smartphone, for that matter. You can have access to calendars, various courses, etc. Also, it provides the flexibility to update the content and to delete and add files as and when needed. 

Customers are not our employees, so we cannot schedule training sessions for them, nor can we assign a particular time for them to learn from the information given. It has to be truly self-paced so that they can refer and learn through it in their time of need.

Award them certificates at course completion

The customers can come from any part of the world, so it becomes impossible to conduct a single workshop and sharpen their skills; hence training is done with the help of e-learning platforms and through e-learning courses. At the completion stage of the course, digital certificates are issued, which hold equivalent value to physical certificates. Awarding them certificates makes them feel good value; also, who doesn’t like a little appreciation, right?

Evaluate the success of your customer training programs 

An important feature of customer-friendly LMS is that it provides feedback and insights on the learning performance. How much growth can be expected from the customers in the stipulated time frame? What can be done to fill in the gap if there is some lag between the expectation and performance? Answers to these features improve the learning programs drastically and ensure customer success in a short period.

Globalization 

The learning doesn’t end the day you step out of the county; hence a good LMS should not be geographically restricted. It should support global language localization, payment getaways, and a universal time frame. The knowledge should be accessible anywhere for all the learners, in the country or outside.

Social Learning 

Humans prefer learning through social media channels, it has changed the way we receive and share information. No doubt, learning through social channels can make it easy, but there is a fear of consuming misinformation. Social chat boards, online forums, or discussion panels should be available to the customers. They can be monitored, and any false information can be deleted and taken off the platform.

Conclusion

As the pandemic hit us, the value of the digital world has come floating on top. Customer-friendly LMS has become important, as when it comes to delivering content, no one can match a customer-friendly learning management system. 

Making multiple reports, sharing spreadsheets, or having the learning material ready at all times not only saves a lot of time but also enhances productivity and knowledge. 

The post How can LMS be of help in customer training? appeared first on Grit Daily News.

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If you’re an entrepreneur or own a business, then you should know the importance of having good money habits. It’s vital that you not only do so in your professional life but in your personal life. It doesn’t matter what your situation is now, these tips can be applied and help you improve your finances and feel less worried about money.

These suggestions can be easily transferred into every aspect of your life and are worth considering as you try to grow your business and achieve more stability at home. Here’s how you can manage your money better for a brighter future. These are actions you won’t regret taking and will only help your situation to improve over time.

Set Goals & Change Your Mindset

Get started managing your money better for a brighter future by setting goals for what you want to accomplish financially. It may be that you want to buy a home or new car, or maybe you wish to save up to go back to school and invest in yourself. Goals keep you on track and focused when you feel like spending or veering off course. Let your goals motivate you to want to change and improve for a brighter future.

Also, take the time to educate yourself on the jargon and best practices to change your mindset and get in the right frame of mind for taking control of your finances. Doing so will also help you avoid taking bad advice from others.

Establish A Budget

Another way to manage your money is by establishing and following a budget. Write out your expenses and income and know how much you need monthly to cover bills and other costs. A budget is a great way to guide you in making wiser financial decisions and not overspending. You can simply follow this roadmap instead of thinking daily about how you use your money. In addition to mapping out what money you need and are spending, look to see if there is any extra left over. In this case, you may want to use it toward a trip you’ve wanted to take or to start an investment strategy.

Shop Deals & Online

It’s also important that you avoid always paying full price for everything. Instead, get in the habit of shopping for deals and seeing ways in which you can save yourself some money by shopping online. For example, NetVoucherCodes.co.uk is the perfect place to shop around for today’s latest deals and discounts in various categories and a large selection of items. You can save money online when you choose the right sites and are diligent about seeking out and using discount codes that allow you to save more money.

Save up for Emergencies

Get started managing your money better for a brighter future by saving up for emergencies now. Life is unpredictable, and you never know when you’ll get hit with an unexpected bill that you’ll need to cover quickly. Instead of racking up your credit card bill, you can dip into your emergency fund and get the expense paid immediately. It’s better to be prepared than to be caught off guard and scrambling at the last minute to come up with the money you need in a hurry. Generally speaking, aim to have three to six months of living expenses saved up and think about creating separate savings for things like travel and house repairs.

Make A Plan for Paying Off Debt

Debt can be frustrating to think about and deal with, no matter who you are. Therefore, you can get started managing your money better for a brighter future by making a plan for paying off debt. Establish goals and make paying down debt a priority so you can progress forward. It’ll take a lot of burden off of you, and you’ll have a better chance of gaining financial freedom and independence when you’re living within your means and can avoid increasing your debt as the year’s pass.

When you pay off your debt, you’ll not only feel better about your finances, but you can also reduce the amount of interest you pay over time. It will free up your time and money to allow you to concentrate on other financial goals and save up your money.

Track Your Spending

Also, track your spending and pay close attention to where your money is going and how you use it. Get started managing your money better by pinpointing what’s necessary spending and areas where you may be overindulging. For instance, you may be able to choose a more affordable gym to work out at or make coffee at home instead of stopping at your favorite coffee shop each day. Find ways to cut your spending so you can live more comfortably instead of paycheck to paycheck. Tracking your spending is an essential task since you can more quickly identify wasteful spending habits and get yourself in the habit of saving and investing instead.

Pay Your Bills on Time

If there’s one action you should commit to regularly doing, it’s to pay your bills and to pay them on time. Manage your money better by referring to your budget and setting up automatic payments so that you don’t always have to think about bills. Create a brighter and more financially secure future for yourself by making bill-paying a priority. Otherwise, you risk hefty fees, an increase in interest rate, and even damage to your credit score. Paying your bills on time becomes even more important when you are responsible for paying your mortgage. Therefore, get in the habit now so that it’s something you naturally do in your life.  

Put Money toward Retirement

Although retirement may be far off for you, it doesn’t mean you shouldn’t be thinking about it now. It should be the main focus for you even from a young age. You want to ensure you’re planning and acting now to live the lifestyle you want once you’re done working. Manage your money better for a brighter future by putting money toward a retirement account as soon as possible. You’ll be glad you did once it comes time to retire and you have the money you need already saved up to live how you want and pay your bills without having to go back to work.

Think Before You Spend

Always think before you spend as another tip for better managing your money. You may change your mind overnight and realize you don’t truly need the item. You might also discover that you can get a better deal elsewhere or online. Be patient and wait for sales and items to come down in price so that you’re buying stuff you can afford. It’ll also be beneficial to save up cash for big purchases and instances when you’ll need a large sum of money instead of putting these costs on your credit card.

Ask yourself a few questions such as do you need the item and is it an impulse buy, and can you get it for less elsewhere. You should feel confident and comfortable spending money and know that the purchase you make won’t set you back too much. You’ll have fewer regrets, and it’ll force you to determine needs versus wants to find greater financial stability.

Keep Score & Celebrate Your Successes

Managing your money doesn’t have to be a punishment or a task that makes you feel frustrated. Instead, you should view it as a way to create a better life for yourself and that you’re doing something positive for yourself. What will help is to keep score so that you know how you’re doing and can see what’s working over time. Get in the habit of celebrating your successes so that you stay motivated to want to continue down the path you’re on and achieve even more. Consider celebrating your successes by treating yourself to a nice home-cooked meal or sitting down to watch a movie you enjoy instead of going out and spending money.

Conclusion

You now have some useful advice about how you can get started managing your money better so that you can have a brighter future. These suggestions will require you to change your habits and mindset a bit so be patient with yourself as you begin. Start slow, set goals, and check-in with yourself and how you’re frequently doing. Soon enough, you’ll notice that you can improve your finances and build a better life for yourself where you don’t feel as stressed out about money. Avoid putting it off for another day and commit to taking charge now and getting yourself on the right track immediately before you make the situation worse. With these tips, you’ll not only be able to live a more comfortable lifestyle, but you’ll also be protecting yourself from financial hardship.

The post Get Started Managing Your Money Better For A Brighter Future appeared first on Grit Daily News.

Copper is very much in demand now due its integral role in everything from key infrastructure to electric vehicle (EV) parts to renewable energy. As the world moves forward in the transition to clean energy, the spotlight grows on copper mining companies. The market is ripe with many inviting investing opportunities, from multinational mining conglomerates that mine for copper as well as other metals, such as BHP Group (NYSE: BHP), Vale (NYSE: VALE) and Rio Tinto Group (NYSE: RIO) or copper producer specialists such as Southern Copper Corp. (NYSE: SCCO) and Ero Copper Corp. (TSX: ERO).

Junior Mining & Copper

For investors with a stronger stomach for risk and the upside potential of significantly higher rewards, the world of copper exploration and development companies awaits. These junior mining companies are focused on exploration, development and working to get the mine(s) permitted with the goal of producing upwards of 100 million lbs. per year.  Once production surpasses that, the companies move into mid-tier or major company status.

When reviewing junior mining companies, it is important to look at the management to ensure that the leaders have a strong record of transitioning from discovery to production with other companies they have led. It is also important to assess that the team has a unique skill to navigate the mining sector in the regions they are focused on, and that the companies have substantial capital market experience and broad-based shareholder and investor support. So, before making that investment in that junior copper mining company, attend and review shareholder presentations and review the team’s credentials to make an intelligent investing decision.

As the President & CEO of a company focused on the exploration and development of copper porphyry projects in the United States and Chile, I think it is also important for investors to look at the junior copper mining company’s geopolitical ramifications of its properties looking for friendly regions, particularly South America, North America and Australia, rather than China.

“If China’s dominance of rare earth element supplies is the global energy transition’s ‘elephant in the room,’ then copper is the 800-pound gorilla,” according to the Baker Institute. President Biden has invoked the Defense Production Act to expand domestic production of critical minerals, which includes copper, should facilitate ongoing efforts of mining companies to produce geopolitically friendly copper in the United States.

By investing in copper mining companies, you are investing in the future of clean energy.  Alternatively, investors can hold copper in physical form, just like gold and silver which can be done by purchasing copper bullion bars or coins which sometimes attracts the ‘Doomsday’ crowd.  Investors can also gain exposure to the value of copper through the purchase of exchange-traded funds (ETF’s), futures or by investing in companies that mine and prospect for copper.

Copper has been used for thousands of years and faces increasing global demand with the advent of new technology, while simultaneously forecasted to experience significant declines in supply. Given its attributes, copper is often used for electrical purposes such as power transmission and generation. Like its base metal sibling nickel, it has a major role in the electric vehicle (EV) revolution, with the CRU Group expecting consumption of copper to jump five-fold by 2030 due to demand from the green energy market.

Copper is the third most consumed industrial metal in the world, behind iron ore and aluminum, as per the US Geological Survey. With copper’s starring role in the electric vehicle (EV) revolution, some analysts predict copper consumption will jump five-fold by 2030 due to green energy demands.

In November 2021, CitiBank wrote that “decarbonization will drive consumption,” and “higher prices will be needed to draw in enough copper scrap to meet longer-term demand.”

President Biden is contemplating removing tariffs on some Chinese goods to ease trade tensions between US and China, which could result in upside movement for copper. The major factors contributing to copper prices are supply and demand, economic growth, inflation, and the value of the US dollar. The bullish fundamentals for copper are driven by supply shortages and low global inventories, and its starring role in green electrification, transport and infrastructure.

Copper has been a critical metal for the global economy since the Bronze Age and its importance is only set to grow in the future. A savvy investor stands to benefit from adding some exposure to this critical metal as its growing importance begins to be realized.

The post Investing in Copper Mining Companies appeared first on Grit Daily News.

As anyone who has dealt with decentralized apps or cryptocurrency knows, joining the blockchain space can be overwhelming. Crypto wallets, tokens, cryptocurrency, blockchain networks, gas, addresses, protocols, and exchanges, are only some of the terms a beginner will find. There is no going around it and denying it, blockchain is not the most user-friendly technology out there.

If understanding these terms and navigating them is hard as a user, understanding how they work on the backend and the complex infrastructure that supports it can be even harder. In fact, ease of development is considered by many as one of the biggest issues preventing corporations from actively using blockchain. Not only are blockchain developers in limited supply but the work required to transform existing infrastructure into its decentralized version can also result in high costs.

With blockchain still being a young technology, there are also many uncertainties that need to be dealt with. For example, the blockchain trilemma is pretty much still a thing, the bad implementation of blockchain can result in millionaire hacks, and regulatory uncertainty means more risks. While new and crowd-funded projects can afford to risk building on the blockchain, big corporations do not.

It is not surprising that many projects were born over the past few years with the aim to ease these concerns. Some projects promise to bring the best of the centralized and decentralized world to deal with the trilemma, while others claim to be invulnerable or highly resistant to attacks. However, few projects seem to be focusing on the topic of easing concerns around regulation.

While President Biden’s executive order on crypto was received as good news by the crypto community, it is uncertain what the results will be. In the past, the Securities and Exchange Commission has taken hostile actions against crypto companies like Coinschedule, Ripple, WisdomTree, and LBRY.  These actions have relied primarily on the claims that some cryptocurrencies and NFTs should be considered a security and as such, are under their jurisdiction.

To deal with this issue, Pocketful of Quarters came up with a unique “‘no Action’ ERC-20 Token” which can be used by projects in the gaming industry while remaining compliant with SEC regulations. This is possible due to the company being the only one to get a no-action letter from the SEC, granting its token “consumer product” status. While unique in its kind so far, the company’s approach has proven to be not only innovative but impactful in the space.

Pocketful of Quarters’ COO Tim Tello joined  CryptoOracle’s Co-Founder Lou Kerner in a fireside chat during Grit Daily House. The chat, which took place during Consensus 2022, provided attendees with unique insights on how this unique token could not only change the gaming industry but also the blockchain space.

If you missed the chance to attend Grit Daily House in person and to hear what Joseph had to say, worry not. You will be able to watch the fireside chat in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Struggling to Adopt Blockchain? Meet the Token That Could Change That! appeared first on Grit Daily News.

According to CoinGecko, the crypto market’s capitalization recently dropped under the $1 trillion mark back on June 13. The drop, which is the continuation of a bear market that started months ago, took the market back to where it was in January 2021. Institutional and private investors have suffered massive losses as a result, which has further exacerbated panic.

A year ago, the entirety of the crypto space was celebrating the increasing adoption of cryptocurrency by companies and governments around the world. Companies like Coinbase also marked important highlights by going public and disrupting the stock market. Now, the company has fired over 18% of its workforce as its shares crumble.

There is no denying it: Things look grim for crypto at this time. However, it is important to remember that cryptocurrencies are just a part of a bigger ecosystem. Blockchain, web3, NFTs, and other decentralized technologies continue to grow in adoption independent of the current crypto market. Andreessen Horowitz is an example of such growth as it raised a $4.5 billion crypto fund to invest in blockchain companies less than a month ago.

As most crypto investors know, bear markets represent a unique opportunity to “buy the dip”, which is why many are doubling down. However, while the current market is an opportunity, recent developments also have shown the importance of choosing correctly. Just take Terra’s crash as an example!

Earlier this month, Grit Daily House opened its door to blockchain enthusiasts, investors, and experts to talk about all things crypto. Stefan Rust, Founder and CEO of Laguna; Greg Gopman, Chief Marketing and Business Development at ANKR; and Christian Dickson, Senior Metaverse Director at Veritone, took the stage to participate in our “How -Not- to Invest in Crypto” panel.

During the panel, which was moderated by CoinDesk’s Jenn Sanasie, the panelists discussed a variety of topics such as challenges new investors face, choosing a project to invest in, and common mistakes. If you are interested in learning investment tips directly from those shaping the blockchain ecosystem, this is a panel you won’t want to miss.

The post Buying the Dip? Here is How -Not- to Invest in Crypto appeared first on Grit Daily News.

Living by the sea in Dubai is a dream of many people. Let us be honest, who would not want to wake up with a picturesque view of the Persian Gulf in a high-end apartment created for comfort and luxury. We have compiled a list of sought-after areas to buy or rent apartments overlooking the sea, so you will only have to decide whether to buy a property in Dubai Marina or Al Sufouh.

Sought-after districts of Dubai with sea views

4 large districts fit this description:

• Dubai Marina

• Palm Jumeirah

• Jumeirah Beach Residence (JBR)

• Jumeirah

• Al Sufouh

Apartments with sea views in Dubai are in high demand among residents and tourists. The luxurious amenities and stunning views they offer are the main of the many reasons why sea view apartments maintain a high level of popularity. The road and transport accessibility to different parts of the emirate is another major reason.

According to the latest trends, Dubai Marina tops the list of popular districts with sea view apartments in Dubai, followed by Palm Jumeirah and Jumeirah Beach Residence (JBR). Jumeirah and Al Sufouh complete the list.

Let us take a closer look at the five most popular areas with sea view apartments.

Dubai Marina

Dubai Marina is the most popular area for luxury apartment rentals in Dubai. Therefore, it is not surprising that this neighborhood has also become the most sought-after area with sea view apartments in Dubai.

The area has a favorable location, excellent transport accessibility, a lot of entertainment, shops, and cafés. Real estate in this neighborhood ranges from cozy studios to luxury penthouses that are suitable for both single professionals and young families.

Palm Jumeirah

Palm Jumeirah, often called the eighth wonder of the world, is an artificial island in Dubai. This palm-shaped island is one of the most fantastic attractions in the world. It has state-of-the-art amenities, access to Dubai’s best tourist attractions, and panoramic sea views.

Being a popular place to stay and relax in Dubai, Palm Jumeirah offers interesting leisure. Here, gourmets can enjoy culinary delights in various restaurants, and thrill lovers can parachute over the island.

Real estate on Palm Jumeirah includes everything from luxury mansions to high-end apartments. When it comes to renting or buying sea view apartments on Palm Jumeirah, you should be prepared for prices above the average in the city.

Jumeirah Beach Residence (JBR)

Popular for its carefree lifestyle, Jumeirah Beach Residence (JBR) is another Dubai coastal complex with apartments overlooking the sea. Known among beach lovers, JBR has about 35 residential buildings with first-class amenities. It is ideal for those who need vivid impressions, high-quality places for dinner, shopping or just relaxing on the beach. In addition, JBR is one of the best places for jet skiing in Dubai.

Real estate in JBR is available in various layouts from studios to 3-bedroom apartments.

Jumeirah

Jumeirah is another sight-after community with sea view apartments. This coastal area in Dubai offers a dynamic lifestyle with a wide range of living spaces.

Moreover, Jumeirah is a family-friendly neighborhood with various supermarkets and shopping malls such as Sunset Mall and Jumeirah Plaza. Residents can also find many schools in Jumeirah equipped with the most up-to-date teaching facilities and offering world-class programs. There is also a public beach in the community.

Jumeirah includes low-rise apartment buildings and a large collection of villas. Apartments in Jumeirah have four different configurations — from studios to 3-bedroom apartments.

Al Sufouh

Located along the west coast of Dubai, Al Sufouh is one of the most popular districts to rent and buy sea view apartments. This is a prestigious area of the city with access to the Palm Jumeirah. There is also the Wild Wadi Water Park, the best place for family holidays for people of all ages.

Al Sufouh is the perfect place for residents who like various gyms, salons, and restaurants nearby. Families who have decided to purchase or rent an apartment overlooking the sea in Al Sufouh prefer options from studios to 3-bedroom apartments.

How much does it cost to rent an apartment with a sea view in Dubai?

Is it difficult for you to choose a permanent place of residence? Before you take a major step and buy a property in a new place, it is a good idea to try to live in a rented apartment and evaluate it. So you can get a better idea of the future home.

In the coastal areas of Dubai, the cost of renting a small apartment is AED 50,000 per year.

Conclusion

That’s it — now you know where to look for apartments by the sea in Dubai. If you want to live in coastal communities, we also recommend you consider villas with sea views in Dubai. Have you decided which of these areas you would like to live in?

Start a property search in Dubai

You can find the most complete catalog of affordable properties for buying and renting housing in Dubai at Emirates.Estate. Visit this website right away and start searching for real estate or order the selection of apartments according to your parameters!

The post Popular Areas With Sea View Apartments in Dubai appeared first on Grit Daily News.

Accidents

Accidents usually occur without warning and can lead to physical and mental misery. And while accident insurance can help cover the cost of medical treatment and lost income, it might not always be enough to cover the full cost of an accident. That’s why it is important to have a contingency fund to cover any unexpected expenses.

Accidents can also cause emotional distress, and it is important to have a support system in place to help you cope with the aftermath. 

Additionally, you can plan for such mishaps by:

• Wearing seat belts and following traffic rules to avoid road accidents.
• Keeping a first-aid kit handy.
• Learning self-defense techniques.

Home Repairs

Your home is one of your most important assets, and you need to take care of it to ensure its longevity. However, no matter how well you maintain your home, there will always be repair and maintenance costs. 

These could include fixing a leaky roof, fixing a broken window, or even repainting the walls. While some of these repairs might be small and inexpensive, others could be quite costly.

You can prepare for such eventualities by:

• Creating a home maintenance fund with the help of Fresno credit unions to cover the cost of small repairs.
• Setting aside money each month to cover the cost of bigger repairs.
• Building an emergency fund to cover the cost of major repairs.

Wedding Expenses

Weddings are one of the most important occasions in our lives, and they come with a lot of expenses. From the cost of the venue to the catering, flowers, and decoration, there are many things to consider. And if you’re planning a destination wedding, the costs can be even higher.

To avoid going into debt to pay for your wedding, you can:

• Start saving early for the big day.
• Create a budget and stick to it.
• Negotiate with vendors to get the best deal possible.

Job Loss

Losing your job is one of the most stressful experiences you can go through. Not only do you have to deal with the financial repercussions, but also the emotional toll of being unemployed. If you don’t have an emergency fund in place, it can be difficult to cover your expenses, especially if you live in an expensive city.

To prepare for a job loss, you can:

• Save up an emergency fund to cover your living expenses for at least three months.
• Update your resume and keep it handy.
• Network with people in your industry.

Medical Emergencies

Medical emergencies can happen at any time and often come with high costs. Whether it’s a sudden illness or a planned surgery, you might face unexpected medical bills. And if you don’t have health insurance, the costs can be even higher.

You can prepare for medical emergencies with these tips:

• Get health insurance to cover unexpected medical bills.
• Save up an emergency fund to cover out-of-pocket costs.
• Create a budget to help you manage your finances.

Natural Disasters

Natural disasters can be devastating, both emotionally and financially. If your home is damaged in a flood or earthquake, you might have to spend a lot of money on repairs. And if you live in an area prone to natural disasters, it is important to have an emergency fund to cover the cost of evacuation and temporary accommodation.

Final Word

No one knows what the future holds, and it is important to be prepared for anything. By having an emergency fund in place, you can protect yourself and your family from financial hardship. What are some of the things you would use your emergency fund for? Let us know in the comments below.

The post 6 Instances When You May Need a Big Sum of Money appeared first on Grit Daily News.

In this post, we’ll look at some of the ways in which individuals are managing to find better ways to secure their financial futures. Many of these are likely to be incredibly useful to most people as long as they are considered fully first before trying them out.

Credit – CCO License

Managing Credit

Something that everyone needs to learn at some point or another is how to manage their own credit. This comes down to a few basic essentials that need to be considered strongly. First of all, there is the matter of simply trying not to spend too much on credit in the first place, which is one of the most sensible things anyone can do for their financial future. Then there is the issue of paying off the credit bills on time, as that is going to help keep credit under control as well. With either poor credit or no credit, interest rates are going to soar and that person will find that borrowing money can be troublesome, especially when it comes to something like a mortgage.

This is why there is another important part of credit: making sure that you are maintaining some level of borrowing at all times, and that you are paying it back on time. When you have some credit that you are managing, that is going to mean that you are much more likely to be able to secure good credit in the future, so this is something that is always worth bearing in mind as best as possible. Most people will benefit significantly from having some borrowing in place rather than none.

Making Use Of Compounding Interest

When it comes to putting money away for a rainy day, it can seem very difficult to be able to do it in any real or powerful kind of way. However, with the use of something known as compounding interest, it is going to be a lot easier to make sure that someone is actually earning from what they have put aside, and this is something that is going to be particularly important for anyone keen to make sure that they have a strong and bright financial future.

Credit – CCO License

With compounding interest, the interest that you earn each year is added to the principal, so that the balance grows at an increasing rate. That means that you are going to earn a lot more, and a lot faster, than with other types of interest or savings. As you might imagine, this is going to make a huge difference to the way that someone saves their money and it’s absolutely the kind of thing that you need to focus on if you are keen to have a better financial future.

One way to do this is to start up a retirement fund in the 20’s. This way, by the time someone gets to retirement age, compounding interest will have worked its magic, and it will be possible for someone to have a much safer nest egg to retire with.

Saving For An Emergency Fund

Because we never truly know what is going to happen in life, it’s important to have a decent understanding of how to be prepared for it financially. And one way to make sure of this is to have an emergency fund, a pot of money that can be dipped into when it comes to any emergencies that might occur. It can be pretty straightforward, in truth, to be able to get such a fund in place, as long as you are putting aside a little money each month. And once there is such a fund in place, it can make making the big decisions of life a lot less worrisome, so that is one really good reason to make sure that you are considering trying to do this.

It’s vital to first work out how much you think you might need for a few months’ essential outgoings, and then to make sure that you are working on saving for that amount. Once that emergency fund is in place, everything is going to be a lot easier, and you will feel safer knowing that it is there and you don’t have to worry about it too much in the long run. That is something that is always likely to make a huge difference.

Credit – CCO License

Thinking About The Family

A major element in securing financial futures is understanding that it’s not just about the individual in question, but their entire family as well. If you are keen to prepare for the future in a financial sense, then you are probably going to want to think about your family as a whole too, and as it happens there are a lot of things that you can do to make sure that you are doing this right. Getting your family to be in a good place no matter what happens to you means that you will have much greater peace of mind with regard to life in general, so this is one of those things that are really important to think about.

There are so many ways to prepare for one’s family’s financial future. But one of the best ways is to get an individual life insurance policy in place. With this, you can be certain that your family is going to be in a great position when it comes to having a secure financial future without you being around, and that means that you are truly preparing for every eventuality.

Spending Less

All of this is going to be made a lot easier if you are spending less right now. It can be hard to rein it in or to remember that you need to try and spend less, but it’s really important that you do so, because otherwise, you are going to find that you are much more likely to be in a lot of trouble later on. Spending less often means that you have to make some real, fundamental changes to the way that you approach money and your life in general, and that is why so many people find it so hard to be able to keep their spending in place. If you are keen to make sure that you are spending less, therefore, it might require an entire overhaul of how you approach things like this in general.

With that being the case, it’s no surprise that most people struggle to be able to make the most of their spending and that it is one of those things that can take a long time to perfect. The main idea is to make sure that someone is spending logically and mindfully so that they are not merely frittering their money away without a care in the world. If this is done properly, it is going to be a much better situation on the whole in the future.

The post How Individuals Are Finding Better Ways To Secure Their Financial Futures appeared first on Grit Daily News.

Miles Paschini is currently the Chief Executive Officer at FV Bank and has more than 20 years of experience in the Fintech industry as a C-level executive. A graduate of San Diego State University, Mile’s list of companies he has helped succeed includes names like Wave Crest Group, Grupo Libertad LLC, B21 Limited, and PayGlobal Limited.

As CEO of FV Bank, Miles will be flying to Austin to attend Consensus 2022 and will be joining us at Grit Daily House. As a global digital bank focused on providing businesses and individuals with accounts all around the world, FV Bank has become one of the biggest names in the Fintech and blockchain industries. This, in addition to his experience, gives Miles a unique opportunity to look into the future of the crypto, blockchain, and Fintech industries.

As its tradition now, Grit Daily House will be opening its doors from June 8th to June 10th as one of the media houses of Consensus. Those attending will not only get to learn and hear insights directly from experts like Miles but will also enjoy the hospitality that only George the Celebrity Doorman, Ozzy the Bartender, and a private chef can provide. All while also growing your professional network and knowledge!

Miles will be taking the stage at 2:30 PM on Friday, June 10th as part of a panel that also includes Stefan Rust, Laguna; Caitlin Long, Custodia Bank; and Roger Dooley, Forbes. The panel, titled “Here’s Where to Find Alpha in 2022”, will offer top-notch insights and tips to anyone looking to beat the market. This panel will prove invaluable to anyone looking to exceed their profit expectations during this bear market.

If you would like to join us in this edition of Grit Daily House for great food, insights, music, and networking, make sure to get your tickets here.

The post Here’s Where to See FV Bank’s Miles Paschini Speak During Consensus appeared first on Grit Daily News.