The Fed Finished – Napkin Finance
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September 10, 2017

The Fed Finished

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Entrepreneurship is building a new business from t Entrepreneurship is building a new business from the ground up. It means coming up with an idea you think will be successful, and then doing the work to make that business a reality – including raising money to get started, developing a brand, producing products, and managing the business. All big businesses start out as someone’s idea, but not all entrepreneurs need to aim so high. Any type of business can be entrepreneurship: ➡️ Selling your services as a freelancer or contractor ➡️ Developing an app ➡️ Tutoring ➡️ Creating and selling art ➡️ Starting a food truck Entrepreneurship - like all things - comes with its own set of pros and cons. Some of which include: ✅ Pros: • Setting your own schedule • Taking pride in building something • Choosing your coworkers • Creating a legacy • Profiting directly from your hard work • Calling the shots ❌ Cons: • Taking responsibility for all the risk • Working longer hours, particularly in the beginning • Making less money in the early stages • Accepting the possibility that even a good idea might fail • Having less time to work on other goals There are plenty of benefits to running your own successful business, but it’s still a ton of work. Entrepreneurship can mean making your own hours and (eventually) writing your own paycheck, but many entrepreneurs start businesses for other reasons. Some other perks of being your own boss can include: ➡️ Being the brains of the operation: Hiring staff to manage the day-to-day aspects of your business can free you to focus on high-level strategy and growth. ➡️ Enjoying a steady stream of income: Some businesses, such as selling your intellectual property to others, may let you receive regular income without significant ongoing investment. ➡️ Selling your company: With a good idea, some hard work, and a little luck, your startup might be bought out by a larger competitor for a handsome sum. Have you explored Entrepreneuship? Share your experience below! 😎
Just tell me how you want to take all my money and Just tell me how you want to take all my money and I'll oblige. 🙃💸
Are you familiar with #FiduciaryDuty? This finance Are you familiar with #FiduciaryDuty? This finance term refers to a legal obligation to act in another person’s best interest. A fiduciary relationship involves: ✅ A fiduciary—i.e., the person who owes the duty ✅ A principal—i.e., the person whose best interest the fiduciary is supposed to protect In this type of relationship, a principal entrusts a fiduciary with taking care of their money, property, or other assets. Trust is the key element of a fiduciary relationship. To maintain this trust, a fiduciary is expected to fulfill three specific obligations: ➡️ Duty of loyalty: A fiduciary has to make decisions that are in the principal’s best interests (even if those decisions go against the fiduciary’s financial interests). ➡️ Duty of care: A fiduciary should thoroughly research and evaluate all options and scenarios before making a decision or recommendation to the principal. ➡️ Duty of good faith: A fiduciary must use good judgment and act carefully. Most fiduciary relationships involve financial matters, but others focus on providing advice or general caretaking. Some examples include: Lawyer & Client, Guardian & Ward, Board Directors & Shareholders, Trustee & Beneficiary. A breach of fiduciary duty occurs when a fiduciary fails to fulfill their obligations, such as by putting their own interests ahead of the principal’s. Do you have experience with this topic? Share below! And be sure to click to link in our bio to learn more.
Are you familiar with the term Bid-Ask Spread? 🤔 If you go online to buy a specific stock, you'll see two different prices quoted. One is the "bid" price -- the price that buyers are willing to pay (or "bid") to buy your shares of that stock. The other is the "ask" price -- the price that sellers are willing to receive (i.e., what they're asking for) to sell you the stock. The difference between the two prices is the "bid-ask spread," and it can vary in size with supply and demand forces for the particular stock you're considering. Do you have experience with this? Sound off below! 📈📉👇
#Bitcoin and other #cryptocurrencies have been a b #Bitcoin and other #cryptocurrencies have been a big talking point in the news these days, as some of them took quite a dive in the market. Bitcoin was actually the world’s first type of digital money, or cryptocurrency. One of the appeals of Bitcoin, like other cryptocurrencies, is that it only exists online and isn’t controlled by any government, country, or bank. It’s exchanged peer-to-peer, and digital encryption is used to control security and the creation of new units of currency. You can’t put Bitcoin (or crypto) in your pocket or stuff it into a physical wallet. Instead, it lives in a virtual wallet. Inside that wallet is your private key (or keys). With this key, you can use and accept Bitcoin. Every transaction in the Bitcoin network is kept in a public ledger called the Blockchain. You can keep your Bitcoin key in an online wallet, an app, a hardware or software program, or even on a piece of paper. Many people keep their wallet in multiple places for extra security because if you lose your key your Bitcoin disappears with it. (Although online or app-based wallets can be easiest to use, in those cases a third party holds your key. That’s why many people prefer old-fashioned paper for long-term storage.) After some major hits in the market these last weeks, Bitcoin prices are finally beginning to rally again, and some analysts predict 25% gains are coming! Are you a #Bitcoin enthusiast? What do you think about this OG Cryptocurrency? Sound off below!
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