Category: Business Article

Finances 101 should be a required class in high school. Many take Accounting 101, but not everyone. If everyone were required to take Finances 101, they would know that real wealth equals credits minus debits.

Accounts Payable & Accounts Receivable

Accountants understand the differences between accounts payable and accounts receivable. If a company does not understand, then it will go bankrupt. So, why don’t individuals really understand the difference? If you look up the origin of the word, Economics it refers to household budgets. The original economics was based on how a family would manage its bills. Something has led people to think that economics is only what bankers do.

What Are Credits?

And, that is part of the problem. The world relies too heavily on high level bankers. Individuals, businesses and governments need to understand how accounting works also. Individuals, businesses and governments all have credit scores. Knowing the difference between a good credit score and bad credit score can save you a lot of money. Do you know what a good credit score means?

We don’t want you to name the number that constitutes the good credit score in the eyes of the banks, but the purpose behind the good credit score. A good credit score means that you are creditworthy. You have a history of repaying your bills, on time. Credits are income, assets and accounts receivable. If your aunt gave you an IOU because you paid for her groceries, that IOU is a credit.

Financial Services

The financial professionals of companies like Quill Group understand that real wealth is about credit minus debits. They can help you optimize your credits and minimize your debits. The world financial situation would be better if everyone took a page from the Quill financial expert’s book.

What Are Debits?

Debits … Read more

 

Recent studieshave shown that “Buy bitcoin” is searched more than, “Buy gold.” There are also thousands of people a month searching, “Bitcoin Jobs.” An entire market has formed around these cryptocurrencies. This has created a great opportunity to win or lose money trading cryptocurrencies. You trade cryptocurrencies against USD, Bitcoin, Ethereum, and other currencies. Trading these assets is kind of like if you mixed stock trading with Forex.

The difference is that the crypto space is loaded with volatility. It’s definitely unwise to invest money you’re not willing to potentially lose all of tomorrow. All the time there are cases where an asset loses 80+ percent of its value in one day. Another way to look at it though is that there is often an opportunity to get an 80+ percent increase on your chosen coin in one day or less!

Trading crypto is highly technical and tends to be very random. What also influences the market is the number of people and trading robots who are buying and selling said coin at this moment in time. Some coins are a constant bull market slowly rising. Some are super volatile rising and dropping dozens of percent a day. When F1Pro.Market‏ looks for a promising trade we weigh multiple factors before investing.

Fundamental in trading cryptocurrencies isn’t the fundamentals you would trade in forex. It isn’t economic indicators that are pushing the prices of these currencies up. What is fueling the market is often really brilliant technology. All the tradeable coins have a website. You need to audit each ICOs website. It can tell you a whole lot about the project you’re considering investing in. When you’re looking through the site and information, determine if you believe that the company has a real-world use case. If you think that what … Read more