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January 19, 2021

NapkinFinance-ActiveVsIndexInvesting-Napkin-01-14-21-v03A

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Money management is KEY. 🔑 Do you agree? Money management is KEY. 🔑 Do you agree?
An ICO, or Initial Coin Offering, is a way for sta An ICO, or Initial Coin Offering, is a way for startups to raise money by inventing and issuing a new type of digital money. Normally, early investors become part owners of a startup. With an ICO, investors receive this new currency instead, which could end up being worth a lot of real money or could turn out to be worthless. During an ICO campaign, crypto “tokens” are offered by the startup behind the ICO to investors in exchange for other cryptocurrency, such as Bitcoin or Ethereum. The token, or “coin,” is issued on the blockchain, a secure distributed ledger. These tokens only become currency if the funding goal of the ICO is met. What happens during an ICO campaign: ➡️ Tokens are sold during an initial offering ➡️ Supporters buy these cryptocoins, usually with virtual currency ➡️ If the money raised meets the minimum amount needed within the set time frame, the startup can proceed with its plan ➡️ If the money raised does not meet the minimum amount set, funds are typically returned to investors ICOs offer many benefits for startups, including: ✅ Cheaper fundraising. Because ICOs are often practically unregulated, companies have to jump through fewer hoops and can pay less in legal and related costs than with traditional types of fundraising. ✅ No ownership dilution. When a company holds an IPO or sells an ownership stake to a venture-capital firm, existing owners see their positions get reduced, or “diluted.” With an ICO, existing owners hold onto what they have. ✅ More control. When a VC firm invests in a startup, the firm typically gains a say in the company’s business, such as by selecting a director for the company’s board. With an ICO, a company’s founders can keep more control over their business. Are you on the #ICO bandwagon? Share your experience below! And click the link in our bio or today's stories to learn more, including some Pros and Cons, potential payoff and more.
*Goes grocery shopping to save money, orders takeo *Goes grocery shopping to save money, orders takeout on the way home* 🙃
A Last Will and Testament, or “will” for short A Last Will and Testament, or “will” for short, is a legal document that lets you transfer your assets after you die. If you have children under age 18, you can also use a will to choose someone to care for them after you pass. Wills aren’t required, but it is generally recommended that everyone with something to leave behind, even small items, consider one. Some common reasons people need wills are to: ✅ Ensure care of children goes to a loving guardian ✅ Correctly distribute property or financial assets ✅ Leave last messages for loved ones ✅ Give assets to charity If you don’t have a will when you die, known as dying intestate, state law dictates the distribution of your assets. There’s no single template for a will, but there are some standard elements, including: ➡️ Your name and address ➡️ Assets you want to allocate ➡️ Names of the beneficiary for each asset (and alternates, should those people die before getting your assets) ➡️ Guardian for your kids (plus an alternate) ➡️ Name of your executor (the person who handles the process after you die) ➡️ Your signature and the signatures of your witnesses Putting your will together is pretty straightforward, and contrary to popular belief, you don’t have to involve a lawyer. There are various types of wills, including Testamentary, Holographic, Oral (or nuncupative), and Deathbed. You can write people out of your will. Just keep in mind that in some states, certain people (such as spouses) still have legal claim to your assets no matter what you write. Do you have a Will written? More than 60% of Americans don't! Click the link in our bio or today's stories to learn more, including some easy steps to create one and more.
I don’t want to believe it, but now I can’t un I don’t want to believe it, but now I can’t unsee it...🙃
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