Mesothelioma Law Firm

Mesothelioma, a life-threatening type of cancer that can affect the lungs, abdomen, and several other major organs, has been linked to prolonged exposure to asbestos. Many people who were victims of exposure have sought the advice of a mesothelioma law firm to get justice and help them cover the overwhelming expenses associated with this disease.

Most victims were exposed to asbestos at work. In many cases, the manufacturers of asbestos and asbestos-containing materials knew of the hidden dangers and risks of asbestos, yet failed to inform the public. Because of this, workers who developed health issues from asbestos exposure may be eligible for financial compensation to cover expenses such as lost wages, medical bills, emotional suffering, physical pain, and

If you suffer from mesothelioma, asbestos-related lung cancer, or asbestosis, you may be eligible for a large amount of compensation. Currently, there is over $30 billion in asbestos trust funds, set up for those who have been diagnosed with an asbestos-related illness. Fill out our form to receive our free Financial Compensation Packet. Our packet is loaded with information on leading mesothelioma attorneys in your area, how to file a claim for asbestos trust funds, how to get paid in 90 days, and more.

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What Does a Mesothelioma Law Firm Do?
Law firms specializing in mesothelioma focus primarily on victims of this type of cancer as well as those with other asbestos-related diseases. For the best chance of a positive outcome for an asbestos case, it is important to avoid settling for a law firm that takes on all kinds of personal injury cases. You need a legal team that specializes in mesothelioma cases, as these types of lawsuits are complicated and require an in-depth understanding of asbestos exposure and diseases.

Attorneys at asbestos law firms have a deep knowledge of federal and state laws regarding asbestos use and how it has been used in a range of industries where workers were exposed. They also have sharp investigative skills and are able to dig deep to uncover when and where companies exposed workers to asbestos. You need the guidance and advice of this kind of law firm to have the best chance of a successful claim or lawsuit.

Review of Our Services

Dale R.“When dad was diagnosed with mesothelioma, our world was turned upside down. Not knowing what to do next, I researched and interviewed many firms. Some firms were nothing more than marketers. Others offered up call screeners to take my name and number. And then there was Mesothelioma Lawyer Center. It was with them that I found peace, knowledge and professionalism. They have done everything they said they would do and then some. Contacting Mesothelioma Lawyer Center was the best decision I could have made for my family.”

~ Dale R.
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How Can an Asbestos Law Firm Help Me?
The legal process can be confusing for lay people, especially victims of asbestos exposure who are battling illness. A good law firm can guide you and help you better understand the process, your options, and the likely outcomes. Asbestos lawyers can give you answers to important questions:

Can We Prove there was Asbestos at My Workplace? If you can provide the law firm with your work history, they should be able to investigate and determine how asbestos was used at your workplace. In some cases, they may already have the information available.
Do I Have a Valid Asbestos Claim? Asbestos law firms know what you need to have a true asbestos claim. They can determine how strong your case is and estimate the chances that you’ll win. Most attorneys make sure they’re confident in your case before taking it on.
What is My Case Worth? If the firm decides you have an asbestos case, they will then be able to come up with an estimated figure for how much your case is worth. This estimation is based on past expenses, daily expenses, medical bills, lost wages, emotional trauma, physical suffering, future expenses, and much more. Keep in mind, however, that there is no set formula as to how much your award amount may be.
Who is Responsible for My Illness? It can be difficult for the average person to determine who exactly is responsible for exposing victims to asbestos. For example, companies can move, go out of business, hide, suppress relevant information, and change ownerships. Part of the law firm’s job is to research, seek out, and determine the entity or responsible parties that are liable for your exposure to asbestos.
What Should I Look for When Hiring an Asbestos Law Firm?
Simply choosing a law firm that claims to specialize in asbestos cases is not enough. Some firms may be a better fit for you than others, and some may advertise taking on asbestos cases while in reality they take on all kinds of cases. In addition to choosing lawyers you feel comfortable with, consider these factors:

The law firm should be able to prove it has experience in dealing with mesothelioma cases.
The law firm should be extremely knowledgeable in asbestos laws and prior cases.
The law firm should not only understand asbestos laws, but should also have extensive knowledge of medical problems associated with asbestos diseases.
Look for a law firm that focuses solely on asbestos-related cases.
Look for law firms with a stellar reputation in handling asbestos cases.
The law firm should always keep you updated on what’s going on in your case.
A reputable firm will give you an initial consultation at no charge before deciding on a firm.
Never go with a law firm that promises you a certain outcome. A good firm will explain your chances, but will never guarantee a win.
How to Work with an Asbestos Law Firm
There are things you can do to make sure the legal process goes as smoothly as possible and that your legal team has what they need to make your case. First, make all of your medical documents available to your lawyers. Next, be prepared to provide the law firm with your work history and information including the full company names, addresses, phone numbers, your job roles, and how long and when you worked at each job.

Finally, start keeping track of all expenses used pertaining to your disease. For example, always keep a copy of medical bills, hospital visits, mileage used to get to appointments, medical supplies, and any other expense you paid out due to your illness.

How Asbestos Law Firms Charge for Services
An experienced and caring law firm understands that victims of asbestos-related diseases are already financially burdened and are unable to afford up-front fees for legal representation. As a result, many firms work on what’s known as a contingency fee basis, meaning that they only get paid when you get paid.

Law firms usually charge based on a percentage taken out of your total settlement or verdict amount, and again, the percentage amount will vary depending upon the firm. Make sure you understand how the fees and percentages work with the firm beforehand so that there will be no confusion later on.

If a law firm doesn’t provide a contingency fee option for payment, there is a good chance that they don’t have the financial resources to successfully research and prove your case. Select a firm that has the financial capability to take on your case on a contingency fee basis.

Law Firm

Frequently Asked Questions
Do I have to go to court?
This is one of the most commonly asked questions, which is understandable, as most people who are dealing with an asbestos-related illness generally do not want to spend time in a court room. Most mesothelioma lawsuits are settled out of court, so going to trial is unusual.

In some instances, however, if the defense doesn’t agree on a settlement, or if you don’t agree on a settlement, you may have to go to trial, which requires going to court. An experienced law firm will help you through every step of the way, and if you are too ill to attend, arrangements can be made to record your testimony beforehand.

What if I don’t know which company exposed me to asbestos?
Part of an asbestos law firm’s job is to uncover the parties responsible for your asbestos exposure. The culpable parties are typically manufacturers who supplied asbestos to job sites, which could be one or multiple companies.

I have workers’ compensation benefits. Can a law firm still help me even if I have other compensation benefits?
Other compensation benefits, such as workers’ compensation or VA benefits, do not disqualify you from seeking compensation from the companies who exposed you to asbestos. An asbestos law firm can help you file a lawsuit against the responsible parties.

How To Donate A Car In California

It is safe to say that you are ready to give auto in California? Provided that this is true, Bravo! Offering an auto for charity is a great option at many levels. Above all, your gift goes to encourage extraordinary reason. In addition, you have not got anything out of your old car or trash auto pocket from your property. You are also reusing an old vehicle, and you additionally get a chance to present auto gifts as duty logic.
California Car Donation is easy to donate a car in "Golden State". Keep in mind that when you donate your car in CA, you will get a tax receipt. With the large number of programs available for donating your vehicle, it may be difficult to understand the best organization to donate your car. The Car Dan Wizard is proudly partner with best national and local donations. How do we choose who is the best? We look for organizations that will best utilize the money raised from your vehicle donation to help change the lives of others. American Cancer Society, V-DAC (any charity from vehicle donation), Car Talk, U.S. for UNCFF Funds, housing for humanity, northern coast animal league and many other organizations In this post you will discover some of the best ways to give auto in California and you should know some of the special requirements to identify with California Auto Gifts.

1. To give auto in California, you start by presenting an online auto gift frame or by calling that philanthropy that you want to give your vehicle. On one occasion, you want to present auto gifts as an expense search, to ensure that charity is considered an IRS which is a charitable organization.

2. Process of accepting the duty receipt for your generous gift can fluctuate. Some philanthropist will email you the underlying receipt while others will have the tow trucks present with the receipt in the weather you are getting. This is just an underlying receipt and gives you the right to generate a valuation of up to $ 500. When you present your vehicle gift, you should check with your charity to know what their technique is to present you with this receipt.

3. In the State of California, the tags remain with the vehicle, so they should not be emptied before pickup.

4. Recording a release of responsibility with the California Department of Motor Vehicles is an important advance that you would not want to miss on auto insurance. This record discharges you from the future risk, which can arise for any reason after the vehicle. The system of recording the release of liability in California is that you should restore the pink section of title or DMV frame REG 138 in your neighborhood department motor vehicle. On the other hand, you can record your arrival of online risk at http://www.dmv.ca.gov.

5. If your vehicle offers more than $ 500, or on an opportunity to meet all the requirements for off-respected honor, after the offer of the vehicle, you will get additional charges printed material. The amount you will be allowed to deduct on your assessment will be contingent on some variables which may include the price sold to the vehicle or whether the vehicle has been given an equitable honor auto gift name or not.

6. One last point we should say is that if you wish to guarantee your auto gift assessment derivative on the duties of your 2012, you will need to ensure that you have auto long before the due date of December 31, 2012 Spend time. Philanthropy should be owned by the vehicle before midnight on December 31, or if there is nothing with the final goal to emphasize your evaluation derivative in 2012, then try not to catch the last moment may be postponed May not be able to claim gifts as a derivative for the current assessment year.

If any of your inquiries have been identified with your Auto Gift Charge Derivative, most of the foundations are usually educated about process and printed material, in spite of this, you have a CPA for specifications in relation to your specific expense situation.

 Or bookkeeper should advise. For additional inquiries identified with auto gifts in California, you can contact DMV near you or visit the California DMV site for the most recent data on state special needs.

Donate A Car In California

It is safe to say that you are prepared to give an auto in California? Provided that this is true, bravo! Giving an auto to philanthropy is a magnificent choice on numerous levels. Above all else, your gift goes to encourage an extraordinary reason. Additionally, you get your old vehicle or garbage auto got off of your property for nothing out of pocket. You are likewise reusing an old vehicle, and you additionally get the chance to assert the auto gift as a duty reasoning.

In this post you'll discover a few hints on the best way to give an auto in California and some particular necessities you ought to know about that identify with California auto gifts.

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1. To give an auto in California, you start by presenting an online auto gift frame or calling the philanthropy you wish give your vehicle to. On the off chance that you wish to assert the auto gift as an expense finding, make certain to watch that the philanthropy is an IRS perceived charitable association.

2. The procedure for accepting the duty receipt for your magnanimous gift may fluctuate. A few philanthropies will email you the underlying receipt while others have the tow truck furnish you with the receipt at the season of get. This is only an underlying receipt and empowers you to assert an assessment derivation of up to $500. You should check with the philanthropy to discover what their technique is for furnishing you with this receipt when you present your vehicle gift.

3. In the State of California, the tags stay with the vehicle, so these ought not be evacuated before the pickup.

4. Recording a Release of Liability with the California Department of Motor Vehicles is a vital advance you would prefer not to miss when you give an auto. This record discharges you from future risk which may emerge for any reason after the vehicle is given. In California the system for recording a Release of Liability is that you should restore the pink segment of the title or DMV frame REG 138 to your neighborhood Department of Motor Vehicles. On the other hand, you can record your arrival of risk online at http://www.dmv.ca.gov.

5. In the event that your vehicle offers for more than $500, or on the off chance that it meets all requirements for a honest esteem impose finding, you will get extra duty printed material after the offer of the vehicle happens. The sum you will be permitted to deduct on your assessments will differ contingent upon a few variables which could incorporate the value the vehicle is sold for or whether the vehicle is named an equitable esteem auto gift.

6. One final point we should say is that in the event that you intend to guarantee your auto gift assess derivation on your 2012 duties, you have to ensure you give the auto a long time before the due date of December 31, 2012. The philanthropy ought to have ownership of the vehicle before midnight on December 31st, or if nothing else have the pickup well in progress, with the end goal for you to assert your assessment derivation in 2012. Try not to hold up till the last moment as there could be postpones that could bring about you being not able claim the gift as a derivation for the present assessment year.

In the event that you have any further inquiries identified with your auto gift charge derivation, most foundations are generally educated about the procedure and printed material required, notwithstanding, you ought to counsel a CPA or bookkeeper for specifics in regards to your specific expense circumstance.

For extra inquiries identified with auto gifts in California, you can contact your nearby DMV or visit the California DMV site for the most recent data on state particular necessities.

Bitcoin price plunges after cryptocurrency exchange is hacked

There has been a sharp drop in the price of bitcoin and other virtual currencies after South Korean cryptocurrency exchange Coinrail was hacked over the weekend.

A tweet from Coinrail confirming the cyber-attack sent the price of bitcoin tumbling 10% on Sunday to two-month lows.

The world’s best-known cryptocurrency lost $500 (£372) in an hour, dropping to $6,627 on the Luxembourg exchange Bitstamp, while most other digital currencies also recorded large losses.

 Cryptocurrencies have a mysterious allure – but are they just a fad?
Robert Shiller
 Read more

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The latest attack highlights the lack of security and weak regulation of global cryptocurrency markets.

Coinrail later said in a statement on its website that its system was hit by “cyber intrusion” on Sunday, causing a loss for about 30% of the coins traded on the exchange. It did not quantify the value, but the local Yonhap news agency estimated that about 40bn won (£27.8m) worth of virtual coins was stolen.

Coinrail said: “Seventy percent of total coin and token reserves have been confirmed to be safely stored and moved to a cold wallet [not connected to the internet]. Two-thirds of stolen cryptocurrencies were withdrawn or frozen in partnership with related exchanges and coin companies. For the rest, we are looking into it with an investigative agency, related exchanges and coin developers.”

Police have begun an investigation, according to the Korea Herald, which cited a spokesperson as saying: “We secured the access history of Coinrail servers and we are in the process of analysing them.”

Bitcoin was trading at about $6,750 on Monday afternoon – down from an all-time peak of almost $20,000 in the week before Christmas. In February, it fell to $5,900.


Bitcoin price chart
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South Korea is one of the world’s major cryptocurrency trading centres, and is home to one of the busiest virtual coin exchanges, Bithumb.

There have been a series of thefts from cryptocurrency exchanges in recent months. Japan’s Coincheck was hacked in January, with more than $500m-worth of digital currency stolen. It started reimbursing customers in March, but faces two class-action lawsuits. In December, the South Korean exchange Youbit shut down and filed for bankruptcy after being hacked twice.

Naeem Aslam at online trading platform ThinkMarkets said: “The question is: is there any limit to these hacks? After every few months, we are seeing the same pattern emerging. This is the result of loose regulatory control and regulators must step in to protect the consumers. Anyone who wants to do anything with exchanges should be forced to adopt high-grade security and regular security upgrades.”


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The Wall Street Journal (£) reported on Friday that US regulators were investigating potential price manipulation at four major cryptocurrency exchanges. The investigation comes six months after CME Group launched bitcoin futures. Coinbase, Bitstamp, itBit and Kraken have been asked to share trading data related to the futures contracts.

Analysts said bitcoin volatility was fading, after the price increased threefold between mid-November and mid-December. David Jones, the chief market strategist at trading platform Capital.com, said this was driven by increased publicity as bitcoin went from being a niche IT interest to becoming mainstream, but added that the hype has now gone.

He noted that Facebook and Google had banned cryptocurrency adverts. “Plenty of latecomers to the cryptocurrency rally have had their fingers burnt, have taken their losses (or are still sitting on them) and have vowed never to return,” Jones said. “Activity amongst the wider public has slowed. Arguably, the introduction of a listed futures contract for bitcoin has also calmed the wilder market moves.”

• The subheading of this article was amended on 12 June 2018 because an earlier version referred to Coincheck losing about £28m of virtual currency. That loss was meant to refer to Coinrail.

Since you’re here…
… we have a small favour to ask. More people are reading the Guardian than ever, but advertising revenues across the media are falling fast. And unlike many news organisations, we haven’t put up a paywall – we want to keep our journalism as open as we can. So you can see why we need to ask for your help.

The Guardian is editorially independent. So we set our own agenda. Our journalism is free from commercial bias. It isn’t influenced by billionaire owners, politicians or shareholders. No one edits our Editor. No one steers our opinion. This means we can give a voice to the voiceless. It lets us challenge the powerful - and hold them to account. And at a time when factual, honest reporting is critical, it’s what sets us apart from so many others.

The Guardian’s long term sustainability relies on the support that we receive directly from our readers. And we would like to thank the hundreds of thousands who are helping to secure our future. But we cannot stop here. As more of you offer your ongoing support, we can keep investing in quality investigative journalism and analysis. We can remain a strong, progressive force that is open to all.

If everyone who reads our reporting, who likes it, helps to support it, our future would be much more secure. For as little as $1, you can support the Guardian – and it only takes a minute. Thank you.

UK in strong position to be leader in crypto economy, report says

The UK is well-placed to become a leader in blockchain technologies and the crypto economy, according to a new report.

Britain has all the required resources, as well as industrial and governmental will, to become a global hub for the technology by 2022, according to analysis by the Big Innovation Centre, DAG Global and Deep Knowledge Analytics.

Blockchain is a digital ledger that provides a secure and public way of making and recording transactions, agreements and contracts; its best-known use is bitcoin, the virtual currency. The database is shared across a network of computers and becomes a long list of chronological transactions that have taken place since the beginning of the network.

Sean Kiernan, the chief executive of DAG Global, said the gap would close in the UK between the traditional financial system and the crypto economy.

“The UK is a major global financial hub and in recent years has become a fintech leader as well. At the same time, it is starting to demonstrate significant potential to become a leader in blockchain technologies and the crypto economy,” he said. “The gap between the two worlds of traditional finance and crypto economy remains, but in the coming years we can expect this to lessen and eventually disappear.”


Meet Erik Finman, the teenage bitcoin millionaire
 Read more
The report’s authors considered the £500m-plus worth of investments into UK blockchain companies that were made in 2017-18 and concluded Britain had the potential to become a world leader in the digital and crypto economy ecosystem within the next few years. The research was carried out in coordination with the all-party parliamentary group on blockchain.

“Blockchain has been recognised by the UK parliament as a very important and disruptive technology, and it has shown commitment to support the accelerated development of the digital economy via a variety of government initiatives,” said Birgitte Andersen, chief executive of the Big Innovation Centre.

“We are still at the early stages of the blockchain industry’s development and the huge impact it undoubtedly will have in Britain and globally.”

Since you’re here…
… we have a small favour to ask. More people are reading the Guardian than ever, but advertising revenues across the media are falling fast. And unlike many news organisations, we haven’t put up a paywall – we want to keep our journalism as open as we can. So you can see why we need to ask for your help.

The Guardian is editorially independent. So we set our own agenda. Our journalism is free from commercial bias. It isn’t influenced by billionaire owners, politicians or shareholders. No one edits our Editor. No one steers our opinion. This means we can give a voice to the voiceless. It lets us challenge the powerful - and hold them to account. And at a time when factual, honest reporting is critical, it’s what sets us apart from so many others.

The Guardian’s long term sustainability relies on the support that we receive directly from our readers. And we would like to thank the hundreds of thousands who are helping to secure our future. But we cannot stop here. As more of you offer your ongoing support, we can keep investing in quality investigative journalism and analysis. We can remain a strong, progressive force that is open to all.

If everyone who reads our reporting, who likes it, helps to support it, our future would be much more secure. For as little as $1, you can support the Guardian – and it only takes a minute. Thank you.

Start a Business Online in india

There is a proven sequence of steps you can follow to guarantee your success when you’re starting a small business online. I’ve seen thousands of people start and grow successful businesses by doing the following:



Find a need and fill it.
Write copy that sells.
Design and build an easy-to-use website.
Use search engines to drive traffic to your site.
Establish an expert reputation for yourself.
Follow up with your customers and subscribers with email.
Increase your income through back-end sales and upselling.
Anyone, from newbie to seasoned online entrepreneur, can benefit from this process in learning how to start a business online.

Step 1: Find a need and fill it.
Most people who are just starting out make the mistake of looking for a product first, and a market second.

To boost your chances of success, start with a market. The trick is to find a group of people who are searching for a solution to a problem, but not finding many results. The internet makes this kind of market research easy:

Visit online forums to see what questions people ask and what problems they’re trying to solve.
Do keyword research to find keywords that a lot of people are searching, but for which not many sites are competing.
Check out your potential competitors by visiting their sites and taking note of what they’re doing to fill the demand. Then you can use what you’ve learned and create a product for a market that already exists–and do it better than the competition.
Related: 8 Great Time-Tracking Apps for Freelancers

Step 2: Write copy that sells.
There’s a proven sales copy formula that takes visitors through the selling process from the moment they arrive to the moment they make a purchase:

Arouse interest with a compelling headline.
Describe the problem your product solves.
Establish your credibility as a solver of this problem.
Add testimonials from people who have used your product.
Talk about the product and how it benefits the user.
Make an offer.
Make a strong guarantee.
Create urgency.
Ask for the sale.
Throughout your copy, you need to focus on how your product or service is uniquely able solve people’s problems or make their lives better. Think like a customer and ask “What’s in it for me?”

Related Book: Write Your Business Plan by The Staff of Entrepreneur Media, Inc.

Step 3: Design and build your website.
Once you’ve got your market and product, and you’ve nailed down your selling process, now you’re ready for your small-business web design. Remember to keep it simple. You have fewer than five seconds to grab someone’s attention–otherwise they’re gone, never to be seen again. Some important tips to keep in mind:

Choose one or two plain fonts on a white background.
Make your navigation clear and simple, and the same on every page.
Only use graphics, audio or video if they enhance your message.
Include an opt-in offer so you can collect e-mail addresses.
Make it easy to buy–no more than two clicks between potential customer and checkout.
Your website is your online storefront, so make it customer-friendly.
Related: Top 10 Best Chatbot Platform Tools to Build Chatbots for Your Business



Step 4: Use search engines to drive targeted buyers to your site.
Pay-per-click advertising is the easiest way to get traffic to a brand-new site. It has two advantages over waiting for the traffic to come to you organically. First, PPC ads show up on the search pages immediately, and second, PPC ads allow you to test different keywords, as well as headlines, prices and selling approaches. Not only do you get immediate traffic, but you can also use PPC ads to discover your best, highest-converting keywords. Then you can distribute the keywords throughout your site in your copy and code, which will help your rankings in the organic search results.

Related Book: Ultimate Guide to Pay-Per-Click Advertising by Richard Stokes

Step 5: Establish an expert reputation for yourself.
People use the internet to find information. Provide that information for free to other sites, and you’ll see more traffic and better search engine rankings. The secret is to always include a link to your site with each tidbit of information.

Give away free, expert content. Create articles, videos or any other content that people will find useful. Distribute that content through online article directories or social media sites.
Include “send to a friend” links on valuable content on your website.
Become an active expert in industry forums and social networking sites where your target market hangs out.
Related: How to Create a Facebook Messenger Chatbot For Free Without Coding

You’ll reach new readers. But even better, every site that posts your content will link back to yours. Search engines love links from relevant sites and will reward you in the rankings.

Related Book: No B.S. Trust-Based Marketing by Dan S. Kennedy and Matt Zagula

Step 6: Use the power of email marketing to turn visitors into buyers.
When you build an opt-in list, you’re creating one of the most valuable assets of your online business. Your customers and subscribers have given you permission to send them email. That means:

You’re giving them something they’ve asked for.
You’re developing lifetime relationships with them.
The response is 100 percent measurable.
Email marketing is cheaper and more effective than print, TV or radio because it’s highly targeted.
Anyone who visits your site and opts in to your list is a very hot lead. And there’s no better tool than email for following up with those leads.

Related Offer: Get a 60-day free trial to email marketing platform Constant Contact.

Step 7: Increase your income through back-end sales and upselling.
One of the most important internet marketing strategies is to develop every customer’s lifetime value. At least 36 percent of people who have purchased from you once will buy from you again if you follow up with them. Closing that first sale is by far the most difficult part–not to mention the most expensive. So use back-end selling and upselling to get them to buy again:

Offer products that complement their original purchase.
Send out electronic loyalty coupons they can redeem on their next visit.
Offer related products on your “Thank You” page after they purchase.
Reward your customers for their loyalty and they’ll become even more loyal.

Related Book: No B.S. Guide to Maximum Referrals and Customer Retention by Dan S. Kennedy and Shaun Buck

The internet changes so fast that one year online equals about five years in the real world. But the principles of how to start and grow a successful online business haven’t changed at all. If you’re just starting a small business online, stick to this sequence. If you’ve been online awhile, do a quick review and see if there’s a step you’re neglecting, or never got around to doing in the first place. You can’t go wrong with the basics.

All About Insurance

As we know one way of risk prevention is to insure a risk to the insurance company. This method is considered the most important method in tackling risk. Therefore many people think that risk management is the same as insurance. Though the actual circumstances are not so.



Insurance means the insurance transaction, which involves two parties, the insured and the insurer. Where the insurer guarantees the insured person, that he will be reimbursed for a loss which he may suffer, as a result of an event that would not necessarily occur or which could not be determined when or when it occurred. As the insured in the obligation to pay some money to the insurer, the amount of proportion of the sum insured, commonly called “premium”.

Viewed from several angles, the insurance has a variety of goals and techniques of splitting, among others:

A. From an economic perspective, then:
The goal:
Reducing the uncertainty of the results of operations undertaken by a person or company in order to meet the needs or achieve goals.

Technique:
By transferring the risk to the other party and the other party combining a considerable amount of risk, so it can be estimated with more precise the magnitude of the possibility of loss.

B. In terms of Law, then:
The goal:
Transferring the risks faced by an object or a business activity to another party.

Technique:
Through premium payments by the insured to the insurer in the indemnity contract (insurance policy), then the risk of transferring to the insurer.

C. In terms of Trade, then:
The goal:
Share the risks faced to all participants of the insurance program.

Technique:
Transferred risk from individuals / companies to financial institutions engaged in risk management (insurance companies), which will share the risk to all participants of the insurance it handles.

D. From a societal standpoint, then:
The goal:
Bear losses jointly among all participants of the insurance program.

Technique:
All group members (group members) of the insurance program contribute (in the form of premiums) to sympathize losses suffered by a / some of its members.

E. In terms of Mathematics, then:
The goal:
Predict the magnitude of the possibility of risk and the outcome of the forecast is used to divide the risk to all participants (group of participants) insurance program.

Importance of Insurance Reviews

Most people reach out to their insurance brokers or underwriters when there is a significant event in their lives that necessitates new or revised risk coverage – perhaps when they purchase a new home or it’s time to trade-in the old car. However, far fewer remember to review their insurance at regular intervals or when more subtle changes to their coverage requirements occur.



Reviewing your insurance regularly helps ensure your coverage is what you expect it to be in the unfortunate circumstance that you need to file a claim. It also aids in making informed decisions regarding coverage and being proactive about minimizing your insurance costs.

There are many different circumstances that could possibly change your coverage requirements and prompt a call to an insurance professional for a review. The examples below identify some of the instances in which you might want to review your coverage:



Renovations – If you perform renovations to your house, it is likely that you are also increasing its value. Whether it’s a new kitchen, bathroom, pool, or even expensive landscaping, remember to check your policy limits to ensure they remain adequate in case of an insured loss. If you’ve recently renovated your basement, also note it is quite likely that your water damage insurance needs to be reviewed.


You’ve been accumulating possessions – Have you done a home inventory lately? Most people have more personal possessions than they think. Estimating the total value of your contents is vital to helping ensure your limits are adequate.


You’ve purchased a high value item – Remember that some of your personal possessions have to be scheduled to be properly covered. Jewellery, antiques, collectibles, wine collections, and art are a few examples of pieces that may require additional coverage.


New coverages have become available – The insurance industry frequently adapts to changing market conditions and offers coverage in areas that it has not in the past. For homeowners, insurance for overland water damage and home repair issues (such as broken furnaces) have recently become available from some insurers, in some areas. In addition, legal expense insurance, travel insurance, and pet insurance are available from brokers looking to cover more of your risk and insurance needs.


Laws changing to give you more or less choice – Changes to automobile accident benefits mean you should review your choices.


You become eligible for additional discounts – Changes in your personal circumstances may affect your eligibility for policy discounts. For example, if you install an alarm system you are likely eligible for a discount on your homeowner policy. If you use snow tires on your vehicle, many insurers offer a discount on your car insurance policy. If you pass the age of 50-55, you may become eligible for mature driver discounts.


If you change jobs and have a shorter commute – You should report this to your insurance broker as driving less typically correlates to lower risk and less expensive premiums. If you have a certain job occupation, you may also be eligible for lower insurance rates.


You’ve started a home business – A different use of your home, other than strictly residential, may require business insurance to properly cover liability risks.


Your personal circumstances change – If you get married or have children, you may want to review your coverage to ensure your coverage levels are adequate to look after your dependents in case of an accident.


Your child gets a driver’s licence – Always check to see if your child can be added to your policy. It is often the least expensive option for insuring them to drive. If they get their own car, you are also probably eligible for a multi-car discount.


If your child moves away to attend college or university – Check to see if your homeowners coverage can be extended to protect your child’s assets while away at school. It may be more cost-effective that purchasing a standalone tenants insurance policy.


If you haven’t had an insurance review in more than a year – Your coverage levels may be out of date. A key example of this is your home insurance. Property values and replacement costs can easily rise to the point that your existing coverage limits do not allow for the total reconstruction of your home in the case of a total loss.
Taking the time to speak to your insurance professional is always time well spent. Even if you don’t save on your insurance costs after the call, there is no substitute for having the coverage you expect when a claim becomes necessary. Since most insurance policies are for the term of one-year, it is a good idea to speak to your insurance professional before renewing your annual coverage.

Best Insurance Agency

When you need coverage, you should look to your insurance agency to find the right policy. You might not be aware of some of the policies available to you. While you might think your traditional insurance will cover everything, you might be surprised to find out where traditional homeowner’s, rental, medical, and car coverage fall short.



Different Types of Coverage

If you should determine that you need any of these supplemental options, you should check with your insurance agency to find out whether they offer the coverage in question. Not all underwriters offer these policies. You may have to get these supplemental offerings from other agents.

If you have a dog, then you might want to purchase a dog bite or “pet liability” plan. While you might think that your four-legged friend would never harm anyone, there is always a chance that it could happen. According to the Insurance Information Institute, half of all incidents happen on the owner’s property. While homeowner’s liability may cover the medical costs, there can be complications, such as when incidents happen away from home. Having a specific dog bite policy will handle any unforeseen problems.

Those who live in coastal areas will want to get flood insurance. This protects your belongings from damage due to floods. What most homeowners don’t realize is that traditional homeowner’s plans do not cover this damage. That is why it is important to purchase these policies separately.



Burial coverage gives your surviving family members money to pay the cost of your funeral and burial. The cost is nominal, totaling only a few dollars a week or month. This policy is not often sold through a traditional insurance agency. You will either have to go to a broker or purchase from a funeral home.

Personal electronic equipment policies give you more protection than the standard homeowner’s plan. A traditional plan does not cover damage caused by installation errors. These programs offer repair or replacement of electronics such as computers, stereos, and televisions.

If you have valuable items like jewelry or high-end electronics, then you want to have supplemental coverage. While your homeowners plan does cover some items in the event of fire or theft, it does not cover everything.

Some businesses offer their full-time employees short-term disability. However, if your company is not one of those groups, you should look into having short-term disability added. Medical plans will help to cover bills from doctors and hospitals, but it will not help to cover normal monthly bills that can pile up if you have to miss work. While not all short-term disability programs are the same, it is something you should check into to ensure that you don’t fall behind on your bills.



CATEGORIES: INSURANCE
Six Uncommon Policies Your Insurance Agency May Offer
JULY 26, 2018ADMINLEAVE A COMMENT


You want your home and family to be protected in case of an accident. It is the best thing you can do. However, that protection can be a little fickle. Your insurance agency may reimburse you in the event of certain problems, but it might not provide funds for other issues. In fact, if you do not have some of these policies, you may be footing the bill yourself in the event of an accident.



Renter’s Policy

Everyone knows it’s a necessity to get an insurance agency to write a policy for a home, but many do not think about getting a policy when they are renting. Yes, your property owner has coverage for their property in the event of a fire or another incident. However, that policy does not cover your valuables. A typical policy only costs a few dollars a month and includes some liability coverage as well.

Pet Policies

Like your children, your four-legged family members need annual checkups and vaccinations in order to be in top health. In the event that they need an operation at some point, it can get expensive. You can check with your insurance agency to see if they offer coverage for your pet that will help offset some of their general care costs.

Antique Coverage

Having a homeowner or even a renter policy does not mean that your valuable antiques are protected. Some policies do not cover these items, as they can be costly to replace or restore. However, if you own valuable family heirlooms, you may check into additional coverage. In the event that something should happen to the property, you want to make sure you have full replacement value or restoration coverage.



Long-Term Care

Most employers offer some form of disability insurance. However, they do not always provide long-term care coverage. In the event you should need to go to a nursing home or require long-term home care, this type of policy can save you money in the end. If you purchase this policy when you are younger, you will not spend as much. However, they can be pricey if you are not careful. You may also only purchase one that pays for three to five years of service, as most holders need them for more than three years.

Longevity

Most people understand the need to put money back for their retirement. However, in some cases, even the best-laid plans can find you running out of money before you pass. By purchasing longevity plans from an insurance agency, you can help ensure you are not in a bind. This program allows you to receive a specified monthly amount beginning at age 85. For example, you purchase $50,000 indemnity at age 55. At age 85, you would begin receiving the same approximate amount yearly.

Wedding

Wedding plans are nominal in cost, but they can save you a lot of frustration. The average cost of the big day can be upwards of $24,000. If you have to postpone it due to inclement weather or the death of a family member, you could spend as much to get it back on track. Having something in place to help you in the event your big day doesn’t go as planned is a good idea.



CATEGORIES: INSURANCE
The Three Most Common Types of Insurance
JULY 26, 2018ADMINLEAVE A COMMENT


There are many insurance plans available to offer coverage for various sorts of damage or accidents. All families should have at least one of these three.



Types of Homeowners Policies

Homeowner’s insurance falls under one of six categories. HO-1 and HO-2, as they are more commonly known, cover only the property against specifically listed damage. These policies vary as to what damage is covered, and neither protects belongings located on the property. HO-2 forms offer more coverage than an HO-1.

HO-3 protects against all types of damage, not just specifically listed damage. It also protects a select list of belongings located within the structure from specific damage.

HO-4 and HO-6 cover only belongings. Renters use these policies as the landlord or management company holds coverage on the dwelling. As with HO-1 and HO-2, HO-6 offers greater protection than HO-4 and is more expensive.

HO-5 is similar to HO-3 in that it covers the property as well as personal belongings. The difference is that HO-5 covers all belongings, not just a set few. It is also more costly than some of the others, but it is worth it.

Types of Medical Options

Medical is another common form of insurance, and as with homeowners, there are different kinds for you or your employer to choose.

Health Maintenance Organization, or HMO, is one of the most used types. This plan allows you to choose from a network of providers, and it also includes preventative care. However, you must be referred by your primary care physician in order to see a specialist. There is also a small copay you must pay at each appointment.

The Preferred Provider Organization, or PPO, also has a network of doctors available. Unlike an HMO, you do not have to choose a primary care provider. You can see any physician, or even a specialist, as long as he is in network. Also, you do not have to have a referral to change doctors. As with other plans, each visit requires a copay.



Exclusive Provider Organization, or EPO, works very similar to HMOs and PPOs. These cost less and have a network of providers available. However, unlike a PPO, where an out of network doctor visit is covered up to a point, there is no out of network coverage for these plans.

The Point of Service Plan, or POS, is a hybrid between an HMO and PPO. POS requires a primary care provider assignment, but you can see out-of-network doctors if you are willing to pay a higher copay.

Different Auto Coverage

Auto insurance is also widely used. Depending on your loan terms and state requirements, some options may be unavailable to you.

Liability plans cover damage and medical bills in the event the accident was deemed your fault. It only covers the damage done to the other person’s property as well as any of their medical bills. Most states require this as minimal coverage. It is also the most inexpensive option available.

Collision coverage will pay for repairs to your vehicle in the event of an accident. This type of insurance is worth having, in addition to liability coverage, even if you have an older vehicle that has no lien. In the event that your vehicle is totaled, your plan covers the value of your car. This policy is required for those with lienholders.

Comprehensive coverage covers anything unrelated to an accident like if your vehicle is stolen or you hit a deer. For most lienholders, this is a requirement.

Uninsured motorist is something that everyone should consider. While most states require at least liability coverage, some drivers don’t keep the plans much past getting their license or tags. This policy protects you in case someone else causes damage and doesn’t have a plan in place to pay for repairs.



CATEGORIES: INSURANCE
The Importance of Insurance Reviews
JULY 26, 2018ADMINLEAVE A COMMENT


Most people reach out to their insurance brokers or underwriters when there is a significant event in their lives that necessitates new or revised risk coverage – perhaps when they purchase a new home or it’s time to trade-in the old car. However, far fewer remember to review their insurance at regular intervals or when more subtle changes to their coverage requirements occur.



Reviewing your insurance regularly helps ensure your coverage is what you expect it to be in the unfortunate circumstance that you need to file a claim. It also aids in making informed decisions regarding coverage and being proactive about minimizing your insurance costs.

There are many different circumstances that could possibly change your coverage requirements and prompt a call to an insurance professional for a review. The examples below identify some of the instances in which you might want to review your coverage:



Renovations – If you perform renovations to your house, it is likely that you are also increasing its value. Whether it’s a new kitchen, bathroom, pool, or even expensive landscaping, remember to check your policy limits to ensure they remain adequate in case of an insured loss. If you’ve recently renovated your basement, also note it is quite likely that your water damage insurance needs to be reviewed.


You’ve been accumulating possessions – Have you done a home inventory lately? Most people have more personal possessions than they think. Estimating the total value of your contents is vital to helping ensure your limits are adequate.


You’ve purchased a high value item – Remember that some of your personal possessions have to be scheduled to be properly covered. Jewellery, antiques, collectibles, wine collections, and art are a few examples of pieces that may require additional coverage.


New coverages have become available – The insurance industry frequently adapts to changing market conditions and offers coverage in areas that it has not in the past. For homeowners, insurance for overland water damage and home repair issues (such as broken furnaces) have recently become available from some insurers, in some areas. In addition, legal expense insurance, travel insurance, and pet insurance are available from brokers looking to cover more of your risk and insurance needs.


Laws changing to give you more or less choice – Changes to automobile accident benefits mean you should review your choices.


You become eligible for additional discounts – Changes in your personal circumstances may affect your eligibility for policy discounts. For example, if you install an alarm system you are likely eligible for a discount on your homeowner policy. If you use snow tires on your vehicle, many insurers offer a discount on your car insurance policy. If you pass the age of 50-55, you may become eligible for mature driver discounts.


If you change jobs and have a shorter commute – You should report this to your insurance broker as driving less typically correlates to lower risk and less expensive premiums. If you have a certain job occupation, you may also be eligible for lower insurance rates.


You’ve started a home business – A different use of your home, other than strictly residential, may require business insurance to properly cover liability risks.


Your personal circumstances change – If you get married or have children, you may want to review your coverage to ensure your coverage levels are adequate to look after your dependents in case of an accident.


Your child gets a driver’s licence – Always check to see if your child can be added to your policy. It is often the least expensive option for insuring them to drive. If they get their own car, you are also probably eligible for a multi-car discount.


If your child moves away to attend college or university – Check to see if your homeowners coverage can be extended to protect your child’s assets while away at school. It may be more cost-effective that purchasing a standalone tenants insurance policy.


If you haven’t had an insurance review in more than a year – Your coverage levels may be out of date. A key example of this is your home insurance. Property values and replacement costs can easily rise to the point that your existing coverage limits do not allow for the total reconstruction of your home in the case of a total loss.
Taking the time to speak to your insurance professional is always time well spent. Even if you don’t save on your insurance costs after the call, there is no substitute for having the coverage you expect when a claim becomes necessary. Since most insurance policies are for the term of one-year, it is a good idea to speak to your insurance professional before renewing your annual coverage.



CATEGORIES: INSURANCE
Best Online Child Insurance in India
JULY 26, 2018ADMINLEAVE A COMMENT


If you are evaluating various investments and saving schemes to build a solid corpus to fund your growing child’s higher education and other important events of his life, search and compare child insurance plans. Giving college education to children has become very difficult without proper planning unless you are very rich. Child insurance plans promote systematic savings and good returns on your investment. The insurance quotient of these plans makes them an invincible product to cater child needs and fortifying his future. These plans fall under the category of investment cum insurance plans. Unlike other popular saving and investing schemes like Mutual funds, Public provident fund (PPF), National savings scheme (NSC) etc the child insurance plans protect the child from the financial hazards arising from untimely death of the policyholder parent.



In the event of the unfortunate demise of the policy taking parent the insurance company waives off the remaining premiums and continues the policy. The company pays the sum assured to the child at the maturity of the policy. To understand the plan better you may take assistance from a qualified life insurance expert. Child insurance plans can be either participating life insurance plans or non-participating life insurance plans. In participating plans you are eligible to share the profits of the company in proportion to the premium paid by you along with the sum assured. In non-participating plans you get the guaranteed maturity benefit and death benefit with no share in the profits.



Some people argue that why they should have child insurance plan and start paying premiums now when there are options of education loans available. They strengthen their argument by saying that at present they don’t know the potential of their child. Maybe when he grows up he won’t go for higher education or would have some other talent like entrepreneurship. To such parents the answer would be, these plans help generating a good amount of corpus and readies the child with a good amount of money that can be either invested in studies or in some business or in any other important event like marriage.

Education loans are a good option and are very popular but they put a big burden of repayment on your child’s shoulders right from the starting of their careers. Such burden compels them to take a good employment in order to be able to pay off the loans. In the pressure of such burden they can’t even think of taking up entrepreneurship as they can’t afford the gestation period. Moreover, in some cases their other life goals like getting married or buying a house get delayed.

If you are planning for the future of your child you go for a judicial mix of insurance, self finance and loan so that the child also becomes responsible. Compare online child insurance plans to learn a range of features companies are providing and save on the purchase. An educated customer is likely to make a smarter purchase thus, gather as much information as you can in your busy schedule and then plan wis

CATEGORIES: INSURANCE
Quick Guide to An Insurance Claim
JULY 26, 2018ADMINLEAVE A COMMENT


Before anything else, we first have to understand what an insurance claim is. This way we can better appreciate the whole procedure and it simply becomes easy to go through because we already know what to do step by step, in relation to the whole process.



A claim is when you ask the insurance company to compensate you for damages you have sustained after a car accident, or when you ask the insurance company to represent you or intervene on your behalf when you are liable for damages.

You pay a lot of money for your car insurance, so it makes sense that if you are involved in an accident, you will want to make a claim. Depending on whether the accident is responsible, or not responsible, and the type of damage, your insurance company will be able to provide coverage based on the kind of car insurance coverage you have.

Claims can be paid from the comprehensive coverage, collision coverage, or any of the minimum car insurance requirement sections, such as liability. Claims may also be paid from multiple sections of your policy depending on the circumstances of your car crash.

If you are wondering whether your collision claims process will be more difficult to bear than the accident itself, the good news is that filing a claim is usually fairly simple. By following a systematic approach and carefully recording what has happened, you can gather all of the information you need. The following guidelines will help you ensure the process goes smoothly.

ON THE ACCIDENT SCENE

One of the best ways to speed up the entire claims process is to get off to the right start, and that begins at the accident scene itself. The more good information and evidence you can collect there, the better.

Here’s what to get:

Personal Data: Try to get basic personal information from everyone at the scene. That includes all other drivers, passengers, and bystanders. Get their names, phone numbers, and home and email addresses. Anything that will make it easier to find them later. If you have time, take some notes about what each witness saw and heard. Pass all of this information along to your claims adjuster, but be sure to keep copies for yourself.
Insurance Information: This is particularly important. Make sure to exchange insurance information with the drivers of all vehicles involved in the accident. It’s probably going to be the first thing your adjuster asks you for.
Pictures: Take a bunch of photos of the accident scene. If you can get pictures before the vehicles are moved out of the way, great, but don’t create a dangerous situation just to take them. Definitely take photos of all damages to your car, every other vehicle involved, and anything else. Take a few pictures of the accident location as well. A few different angles are always helpful. Take pictures of the parties involved and all witnesses, if you can. And, finally, take photos of each party’s insurance card.
Law Enforcement: Always call the police after an accident. They may or may not be able to respond, but it’s always worth a try. When they arrive, make sure to get the officers’ names. They will gather their own information and take interviews for their report, and instruct you on how to obtain a copy the report once it is written up. Hold onto whatever paperwork they give you and pass on copies to your adjuster.
Contact Your Insurer ASAP



I’m sure you’ve heard the saying, “most crimes are solved in the first 48 hours after the incident.” That’s because the crime scene remains intact and the details are still fresh in the minds of the witnesses. It’s kind of like that with an auto accident. We’re not talking about a crime here (I hope), but the idea still works. The sooner you contact your insurer, the easier it will be for them to make the inquiries they need to get the most accurate data. It’s not a bad idea to call them from the scene of the accident, if possible.

Be Cooperative and Prompt

Most small accidents are relatively simple for your adjuster to handle. He or she has done them hundreds of times over. That doesn’t mean that a claim can’t be held up by some missing piece of evidence or information.

If your adjuster calls you and leaves a message to call him or her back, do it as soon as you can. Good communication between insurer and claimant is vital. Plus, it’s hard to complain about slow processing if you’re the one holding it up.

Be Honest

This rule seems obvious, but not everyone follows it. It’s human to want to avoid pain, and admitting that you are at fault for your accident can be pretty painful. But if you are at fault, don’t try to get out of it by lying. First of all, insurance adjusters have a lot of experience with accidents and fibbers.

They’re really good about figuring out what actually happened and that can be pretty bad for you if you are less than forthcoming with the facts. Remember “Double Indemnity”? Insurance fraud is frowned upon and could cost you a lot more money than the premium increase you’ll likely get by admitting fault.

And if you’re looking for a speedy conclusion to the claims process, being dishonest will surely slow it down, and sometimes bring it to a crashing halt.



CATEGORIES: INSURANCE
What Is Insurance?
JULY 26, 2018ADMINLEAVE A COMMENT


As we know one way of risk prevention is to insure a risk to the insurance company. This method is considered the most important method in tackling risk. Therefore many people think that risk management is the same as insurance. Though the actual circumstances are not so.



Insurance means the insurance transaction, which involves two parties, the insured and the insurer. Where the insurer guarantees the insured person, that he will be reimbursed for a loss which he may suffer, as a result of an event that would not necessarily occur or which could not be determined when or when it occurred. As the insured in the obligation to pay some money to the insurer, the amount of proportion of the sum insured, commonly called “premium”.

Viewed from several angles, the insurance has a variety of goals and techniques of splitting, among others:

A. From an economic perspective, then:
The goal:
Reducing the uncertainty of the results of operations undertaken by a person or company in order to meet the needs or achieve goals.

Technique:
By transferring the risk to the other party and the other party combining a considerable amount of risk, so it can be estimated with more precise the magnitude of the possibility of loss.

B. In terms of Law, then:
The goal:
Transferring the risks faced by an object or a business activity to another party.

Technique:
Through premium payments by the insured to the insurer in the indemnity contract (insurance policy), then the risk of transferring to the insurer.

C. In terms of Trade, then:
The goal:
Share the risks faced to all participants of the insurance program.

Technique:
Transferred risk from individuals / companies to financial institutions engaged in risk management (insurance companies), which will share the risk to all participants of the insurance it handles.

D. From a societal standpoint, then:
The goal:
Bear losses jointly among all participants of the insurance program.

Technique:
All group members (group members) of the insurance program contribute (in the form of premiums) to sympathize losses suffered by a / some of its members.

E. In terms of Mathematics, then:
The goal:
Predict the magnitude of the possibility of risk and the outcome of the forecast is used to divide the risk to all participants (group of participants) insurance program.

All About Bitcoin and Goldcoin

If you don’t know what Bitcoin is, do a bit of research on the internet, and you will get plenty… but the short story is that Bitcoin was created as a medium of exchange, without a central bank or bank of issue being involved. Furthermore, Bitcoin transactions are supposed to be private, that is anonymous. Most interestingly, Bitcoins have no real world existence; they exist only in computer software, as a kind of virtual reality.



The general idea is that Bitcoins are ‘mined’… interesting term here… by solving an increasingly difficult mathematical formula -more difficult as more Bitcoins are ‘mined’ into existence; again interesting- on a computer. Once created, the new Bitcoin is put into an electronic ‘wallet’. It is then possible to trade real goods or Fiat currency for Bitcoins… and vice versa. Furthermore, as there is no central issuer of Bitcoins, it is all highly distributed, thus resistant to being ‘managed’ by authority.

Naturally proponents of Bitcoin, those who benefit from the growth of Bitcoin, insist rather loudly that ‘for sure, Bitcoin is money’… and not only that, but ‘it is the best money ever, the money of the future’, etc… Well, the proponents of Fiat shout just as loudly that paper currency is money… and we all know that Fiat paper is not money by any means, as it lacks the most important attributes of real money. The question then is does Bitcoin even qualify as money… never mind it being the money of the future, or the best money ever.

To find out, let’s look at the attributes that define money, and see if Bitcoin qualifies. The three essential attributes of money are;

1) money is a stable store of value; the most essential attribute, as without stability of value the function of numeraire, or unit of measure of value, fails.

2) money is the numeraire, the unit of account.

3) money is a medium of exchange… but other things can also fulfill this function ie direct barter, the ‘netting out’ of goods exchanged. Also ‘trade goods’ (chits) that hold value temporarily; and finally exchange of mutual credit; ie netting out the value of promises fulfilled by exchanging bills or IOU’s.

Compared to Fiat, Bitcoin does not do too badly as a medium of exchange. Fiat is only accepted in the geographic domain of its issuer. Dollars are no good in Europe etc. Bitcoin is accepted internationally. On the other hand, very few retailers currently accept payment in Bitcoin. Unless the acceptance grows geometrically, Fiat wins… although at the cost of exchange between countries.

The first condition is a lot tougher; money must be a stable store of value… now Bitcoins have gone from a ‘value’ of $3.00 to around $1,000, in just a few years. This is about as far from being a ‘stable store of value’; as you can get! Indeed, such gains are a perfect example of a speculative boom… like Dutch tulip bulbs, or junior mining companies, or Nortel stocks.

Of course, Fiat fails here as well; for example, the US Dollar, the ‘main’ Fiat, has lost over 95% of its value in a few decades… neither fiat nor Bitcoin qualify in the most important measure of money; the capacity to store value and preserve value through time. Real money, that is Gold, has shown the ability to hold value not just for centuries, but for eons. Neither Fiat nor Bitcoin has this crucial capacity… both fail as money.

Finally, we come to the second attribute; that of being the numeraire. Now this is really interesting, and we can see why both Bitcoin and Fiat fail as money, by looking closely at the question of the ‘numeraire’. Numeraire refers to the use of money to not only store value, but to in a sense measure, or compare value. In Austrian economics, it is considered impossible to actually measure value; after all, value resides only in human consciousness… and how can anything in consciousness actually be measured? Nevertheless, through the principle of Mengerian market action, that is interaction between bid and offer, market prices can be established… if only momentarily… and this market price is expressed in terms of the numeraire, the most marketable good, that is money.

So how do we establish the value of Fiat… ? Through the concept of ‘purchasing power’… that is, the value of Fiat is determined by what it can be traded for… a so called ‘basket of goods’. But his clearly implies that Fiat has no value of its own, rather value flows from the value of the goods and services it may be traded for. Causality flows from the goods ‘bought’ to the Fiat number. After all, what difference is there between a one Dollar bill and a hundred Dollar bill, except the number printed on it… and the purchasing power of the number?



Gold, on the other hand, is not measured by what it trades for; rather, uniquely, it is measured by another physical standard; by its weight, or mass. A gram of Gold is a gram of gold, and an ounce of Gold is an ounce of Gold… no matter what number is engraved on its surface, ‘face value’ or otherwise. Causality is the opposite to that of Fiat; Gold is measured by weight, an intrinsic quality… not by purchasing power. Now, have you any idea of the value of an ounce of Dollars? No such thing. Fiat is only ‘measured’ by an ephemeral quantity… the number printed on it, the ‘face value’.

Bitcoin is farther away from being the numeraire; not only is it simply a number, much as Fiat… but its value is measured in Fiat! Even if Bitcoin becomes internationally accepted as a medium of exchange, and even if it manages to replace the Dollar as the accepted ‘numeraire’, it can never have an intrinsic measure like Gold has. Gold is unique in being measured by a true, unchanging physical quantity. Gold is unique in storing value for thousands of years. Nothing else in reach of humanity has this unique combination of qualities.

In conclusion, while Bitcoin has some advantages over Fiat, namely anonymity and decentralization, it fails in its claim to being money. Its advantages are also questionable; the intent is to limit the ‘mining’ of Bitcoins to 26,000,000 units; that is, the ‘mining’ algorithm gets harder and harder to solve, then impossible after the 26 million Bitcoins are mined. Unfortunately, this announcement could very well be the death knell of Bitcoin; already, some central banks have announced that Bitcoins may become a ‘reservable’ currency.

Wow, sounds like a major step for Bitcoin, does it not? After all, the ‘big banks’ seem to be accepting the true value of the Bitcoin, no? What this actually means is banks recognize that they could trade Fiat for Bitcoins… and to actually buy up the 26 million Bitcoins planned would cost a meagre 26 Billion Fiat Dollars. Twenty six billion Dollars is not even small change to the Fiat printers; it is about a week’s worth of printing by the US Fed alone. And, once the Bitcoins bought up and locked up in the Fed’s ‘wallet’… what useful purpose could they serve?

There would be no Bitcoins left in circulation; a perfect corner. If there are no Bitcoins in circulation, how on Earth could they be used as a medium of exchange? And, what could the issuers of Bitcoin possibly do to defend against such a fate? Change the algorithm and increase the 26 million to… 52 million? To 104 million? Join the Fiat printing parade? But then, by the quantity theory of money, Bitcoin would start to lose value, just as Fiat supposedly loses value through ‘over-printing’…

We come to the key issue; why search for a ‘new money’ when we already have the very best money, Gold? Fear of Gold confiscation? Lack of anonymity from an intrusive government? Brutal taxation? Fiat money legal tender laws? All of the above. The answer is not in a new form of money, but in a new social structure, one without Fiat, without Government spying, without drones and swat teams… without IRS, border guards, TSA thugs… on and on. A world of liberty not tyranny. Once this is accomplished, Gold will resume its ancient and vital role as honest money… and not a moment before.

Rudy J. Fritsch was born in Hungary in 1947, and fled Socialist tyranny during the Hungarian Revolution of 1956. His family had lived through WWII and the consequent Hungarian hyperinflation, thus he has intimate experience with financial destruction.

As an engineer and entrepreneur, he ran a successful family business in Canada for decades, at its peak employing over 100 workers, until economic upheaval destroyed the profitability of North American manufacturing. Driven out of business, he decided to study economics… to discover the cause of this unhappy circumstance.

As mainstream economics “The Dismal Science” made no sense to him, he ended up studying Austrian economics, the only school of economics grounded in the realities of Human Action. When he discovered Professor Antal Fekete’s work he came to admire it and made a firm commitment to help preserve and disseminate the Professor’s legacy.

Personal Finances

People are often tempted to give unsolicited advice to others about the best way to manage finances. You’ll come across ideas that work and get you places, but often people are offering up such generalized advice. Trying to put together bits of information and use it in a meaningful way is not usually the best plan, as some of the information may be flawed and other parts confusing.



How can you take good care of your money and your finances so that you do not end up frittering away your savings on things you don’t need?

Generally, the problem is that most people lack a good understanding of just how important saving for the future is. Most people are going to do everything else with their money first before they even think about saving. Although saving in this way is better than not saving at all, it is in fact a highly ineffective way to build any kind of financial independence or security.

Managing Your Personal Finances

If you want to save money for the future, you’ll want these tips to help you on your plan. Many people who practice these methods are surprised at how easy they are to follow.

Simply set aside 20% of your paycheck.

Just reverse your spending and saving habits, instead of putting away your savings after you spent what you thought you needed from your income. Take 20 percent of your earnings first and put it towards savings before spending it all. Make sure to deposit this money as soon as you get paid. Whatever is left after the 20 percent has been saved can then go to paying bills, buying groceries and even getting yourself a new pair of shoes.

This method ensures that you’ll have the cash on hand that you need for your future and helps you to be more effective when you develop your budget. It’s a good feeling when you know that you have cash on hand for emergencies.

Keep Things Simple



There are too many people who are going to look at the latest gadgets and get wooed. You cannot let others around you dictate what you are doing with the money that is in hand. You want to buy the latest iPhone, but there is something you must ask yourself. Think about it, do you really need to spend the money on one?

Is there something in the newer model that is not there in your present one? There is no shame in being rewarded with luxurious items, but you need to keep it under control. You should never forego important expenses to purchase luxuries, and your twenty percent savings rule mustn’t be violated.

You Want Cash Over Credit

Don’t fall for fancy credit card marketing. So many people end up with huge debt due to starting to buy small items using their credit cards. It’s easy to get lured into the trap that a $50 purchase won’t wreak financial damage in the future because it can be paid off within the month. Actually, once the billing cycle rolls around, you are probably like most people who just pay the minimum amount of money towards the bill, making that $50 dress cost close to $100 in interest.

Try to use cash whenever possible. Save your credit cards for emergencies only. Replacing your credit cards with debit cards is an even better idea if possible.

Taking charge of a budget and getting your finances in order is simple. You just need to create good new habits to replace the bad old ones.

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Donna Gain is a well respected home based business owner herself for over 15 years. She has been in several different home based business helping others grow with herself the solid foundation to having a successful business. To discover all the internet marketing keys to success you need to know to explode your business, and to claim your free copy of “How To Create Your First 6 Figure Month In Network Marketing,” click on the link above…

Digital Currency

Would we be better off without paper money and coin? Some say yes, and some say no and the debate rages on. Government tax collectors would prefer only electronic or digital money – it’s easier to control and easier to keep taxpayers honest – but are those gains worth the drawbacks? I mean what’s wrong with cash – you can spend it anywhere, you can pay your babysitter, go to a garage sale, or stop at a lemonade stand – all of which are part of our underground economy by definition and harmless uses of transferring money.



Then there are the illegal things, no one uses digital money because it leaves a trace, so you cannot use it to buy things you are not allowed to buy or that someone else is not allowed to sell. Does it thus, make sense to get rid of the money that allows illegal transactions, shut down the entire underground economy and if we do, will our society and civilization be better or worse off for that solution? Let’s discuss this shall we?



Yes, a digital currency would be similar to regular currency and really we are almost there already anyway. If we go to “digital units” and change the paradigm to cover the needs of people who contribute who are not rewarded fairly now, then we will get more of what we reward, as is the famous axiom. A technocrat would enjoy this conversation and the thought of micro-managing the exact worth of every job, but technocrats are not so good at considering their own created unforeseen consequences as they pave the road to hell.

The reason humans use money now is simply because things and choices are more complicated than they were in the past when our species were only hunters, gatherers and traders. Let me explain; you see, if I make hammers and you need one, but you only have cattle, then you cannot cut off the tail of your cow to buy my hammer, so instead you give me $11 and you can sell your cow in the future for $1100 and give me the one-percent of it so you can build a new barn.

Money and currency is nothing more than units of trade thus, make things easier, that’s why it exists, but I do not like the bashing of currency, digital or otherwise, where many believe it is the root of all evil. I respectfully disagree. Please consider all this and think on it, as this topic does affect your life.



CATEGORIES: FINANCE
Stop Bad Financial Habits And Choose A Fresh Start
JULY 26, 2018ADMINLEAVE A COMMENT


People are often influenced to give unsolicited advice to others about the easiest way to manage finances. Even though of the will make sense, the majority of these are very generic in general. You must exercise caution when you assemble a monetary strategy out from this information, though it’s important to create a precise and consistent plan.



Nevertheless, you happen to be still left together with the unanswered question. How would you prevent the decline of funds on stuff that are of no use, and yet approach managing your individual finances?

The Situation: A lot of people, including you, don’t fully understand how important it is to save cash with regard to their future. Figure out how to save first then spend, not the other way around. While this is superior to no savings in any way, it is definitely not the correct way to build an excellent savings plan.

Steps To Managing Your Individual Finances Well.

Listed here are some important tips that you can consider if you wish to reduce costs for the future. These techniques have helped a lot of people be successful at taking better proper care of their finances.

Put 20% Of The Earnings Into Savings

In case you are to be successful in the foreseeable future, carry out the opposite of just what the average person does. As opposed to saving whatever remains, save first and spend afterward. Even if you are expecting a reduced check than normal, be sure to save 20% out from each and every single check that you receive. Make sure to deposit this money once you receive money. You will have learned a vital lesson, and saving the amount of money than enables you to work your way down taking good care of everything, bills first.



Saving money assists you to create a healthy financial habit that will help you to budget your money efficiently for the rest of your way of life. You could possibly feel much less stressed about finances when you know that you have an urgent situation fund available.

Don’t Complicate Matters

It is obvious the iPhone 7 is great. Your buddies and colleagues have purchased it,but the iPhone 6 plus is one that you simply bought a few time ago. While many of these new gadgets are fun and exciting to have, you undoubtedly don’t need a new phone unless your old phone is dying. You must never buy it unless you really want an iPhone 7.

Can that new phone do something that your particular old model can’t do? It is essential to sometimes treat yourself with luxuries, just make sure this really is something great rather than some of those undesirable habits one does repeatedly. Additional money is the best money to pay, not the 20% you will be saving.

Cash Over Credit

Maybe you are from the opinion the charge cards in your wallet should be used, not hidden away. Often we start off with good intentions buying only small things likely to pay them off at the conclusion of every month. $50 here or $25 there can’t hurt, and you can always pay it off following the month. That brand of thinking gets people in trouble quickly, plus they rack up a pile of debt.

Using cash whenever you can will help you to curb this tendency. Don’t make use of credit card unless it’s a crisis situation. Alternatively, it is possible to change it out having a debit card, and that is a significantly better option!

Keep in mind that becoming a rock star at personal finance doesn’t have to be hard. It requires breaking undesirable habits and creating new, healthier ones.

Bad Financial Habits

People are often influenced to give unsolicited advice to others about the easiest way to manage finances. Even though of the will make sense, the majority of these are very generic in general. You must exercise caution when you assemble a monetary strategy out from this information, though it’s important to create a precise and consistent plan.



Nevertheless, you happen to be still left together with the unanswered question. How would you prevent the decline of funds on stuff that are of no use, and yet approach managing your individual finances?

The Situation: A lot of people, including you, don’t fully understand how important it is to save cash with regard to their future. Figure out how to save first then spend, not the other way around. While this is superior to no savings in any way, it is definitely not the correct way to build an excellent savings plan.

Steps To Managing Your Individual Finances Well.

Listed here are some important tips that you can consider if you wish to reduce costs for the future. These techniques have helped a lot of people be successful at taking better proper care of their finances.

Put 20% Of The Earnings Into Savings

In case you are to be successful in the foreseeable future, carry out the opposite of just what the average person does. As opposed to saving whatever remains, save first and spend afterward. Even if you are expecting a reduced check than normal, be sure to save 20% out from each and every single check that you receive. Make sure to deposit this money once you receive money. You will have learned a vital lesson, and saving the amount of money than enables you to work your way down taking good care of everything, bills first.



Saving money assists you to create a healthy financial habit that will help you to budget your money efficiently for the rest of your way of life. You could possibly feel much less stressed about finances when you know that you have an urgent situation fund available.

Don’t Complicate Matters

It is obvious the iPhone 7 is great. Your buddies and colleagues have purchased it,but the iPhone 6 plus is one that you simply bought a few time ago. While many of these new gadgets are fun and exciting to have, you undoubtedly don’t need a new phone unless your old phone is dying. You must never buy it unless you really want an iPhone 7.

Can that new phone do something that your particular old model can’t do? It is essential to sometimes treat yourself with luxuries, just make sure this really is something great rather than some of those undesirable habits one does repeatedly. Additional money is the best money to pay, not the 20% you will be saving.

Cash Over Credit

Maybe you are from the opinion the charge cards in your wallet should be used, not hidden away. Often we start off with good intentions buying only small things likely to pay them off at the conclusion of every month. $50 here or $25 there can’t hurt, and you can always pay it off following the month. That brand of thinking gets people in trouble quickly, plus they rack up a pile of debt.

Using cash whenever you can will help you to curb this tendency. Don’t make use of credit card unless it’s a crisis situation. Alternatively, it is possible to change it out having a debit card, and that is a significantly better option!

Keep in mind that becoming a rock star at personal finance doesn’t have to be hard. It requires breaking undesirable habits and creating new, healthier ones.