Author: Jennifer Brazer

Passive investing usually means that the investor devotes a minimum of time to analyzing individual securities and the market situation. Instead, he focuses on determining the asset allocation that suits him—the portfolio’s proportion of stocks, bonds, and other assets—and strives to diversify.

Instead of individual stocks and bonds, passive investors often use exchange-traded funds. This makes it easy to create a diversified portfolio: the funds contain tens and hundreds of stocks and bonds.

Numerous lazy strategies are built on this principle. We have already written about four lazy portfolios and six more strategies for passive investing.

A passive investor will receive a return at the market level in which he invests; that is, he will not be able to overtake it. On the other hand, he will not lag the market. And since markets tend to rise in the long run, the outcome is likely to be good.

At the same time, the investor does not spend much time and effort on portfolio management. This means that he can pay more attention to income growth, save more money, etc. Reaching the goal can be more beneficial than trying to beat the market.

All strategies in the stock market can be divided into speculation and active and passive investments. Private investors often try different approaches until they determine which method brings the best result. I will tell you how the passive investor works.

The passive investor’s strategy is “buy and hold.” This means that he is not trying to overtake the market but is counting on the growth of quotations in the future. At the same time, a passive investor invests money for years or even decades. He makes few transactions and pays small commissions to the broker.

The main instruments of a passive investor are ETFs. These are exchange-traded funds, including index funds. Investing in funds provides several benefits:

1. You cannot study companies’ economic models and not dive into fundamental analysis.
2. It is possible not to follow the daily market situation.
3. A portfolio consisting of stocks or funds is diversified by default.
4. Reduced risk.

Since the passive investor does not have to monitor news and charts or worry about price fluctuations, he rarely makes decisions at purchase.

The most striking example of successful passive investing is Warren Buffett’s famous bet with Protégé Partners in December 2007. Buffett bet he would bet on the S&P 500 and beat an opponent who had bet on active management in five different funds. He made a bet over ten years, and Buffett won: By the end of 2017, the S&P 500 index fund was up 125%, while Protégé Partners managed to earn about 88% during this time, which was the best result of the five funds selected.

Passive investing is suitable for those who set long-term financial goals and are not ready to spend much time on asset management. ETFs on stock and bond indices can show good results in 5-10 years. In this case, you do not have to track the financial performance of companies and select stocks individually.

The following conversation is about setting financial goals.

If you have a portfolio of securities worth more than 3 million rubles, we recommend that you conduct an audit – it’s free. You will receive a professional personal broker opinion based on Argus Research and BCS Global Markets analytics.

Yield

The amount of income from investments is one of the first conditions for choosing one or another investment instrument. A long-term investment is an essential factor in increasing profitability.

Attention! All types of speculation, designed to receive large incomes in the shortest possible time, are taken out of the scope of the review.

The degree of increased initial contribution over a certain period is called the return on investment. It can be expressed as a percentage or in currency. Depending on the way of expression, two types of investment income are distinguished:

percentage (dividend).

Cost

Interest income is expressed in the funds that the issuing company accrues per share.

Reference. The conversion of interest into money shows the dividend value of the share.

Return on cost shows the increase in the value of an asset compared to its original price.

Attention! Ownership of shares provides an opportunity to receive both types of income. The shareholder may receive dividends if provided for by the dividend policy of the issuer or sell shares on the stock exchange. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

In the past, when interest rates peaked at 12% or even 20%, it was a self-written rule to deposit money in the bank. However, when interest rates are at an all-time low, many people are becoming interested in investing their income. This trend has gained momentum during the corona pandemic when reduced consumption has often meant that people had more money left to save. When it has also become technically easier to open an investment savings account yourself, the number of share savers has increased.

Separate The Chaff from The Wheat

It’s necessary to know what applies in the stock market, just as it’s essential to carry a life jacket when going out on the lake. And among stock savers, many myths abound about how the market behaves, which may not all be rooted.

Get Access to The Experts’ Knowledge

We have analyzed statistics from the world’s stock exchanges 50 years back to test whether three joint statements reflect the actual development of the stock exchange during this period. And not everyone passes the test. Nobody can forecast the future, but we feel that history can teach us something. Therefore, we have examined broad global stock indices and made an analysis that shows some of the collective knowledge that professional investors have.

Time

The first statement is that time works for you regarding stock investments. The longer the investment horizon you have, the better your odds of getting a positive return, even during periods of uncertainty and even crises. It is true if you have invested widely in global equities. Our analyzes show that the longer you keep your holdings, the greater the probability of a positive return. We also usually recommend that you have an investment horizon of at least three years to reduce the risk of needing your invested money just during a stock market decline.

All Or Nothing

The second statement says that if you are going to invest a large sum of money, then it is better to invest a little over time instead of all your capital at once. The risk is so significant that the stock market collapses when you invest. It is fake. Historically, the stock market has been more likely to go up than down. The market needs to go down during the same period as you invest a little at a time if it is to pay to do so. Otherwise, it would have been better to support everything at once. The probability that you can time a downturn while investing a little at a time is relatively low. But if the alternative is to have the money uninvested in an account in the meantime because you are worried about a downturn, can it be better to invest a little at a time because it feels safer? The risk indeed decreases when you spread your investments over time, which works well with monthly savings linked to your salary, and it may be better to invest a little at a time than not at all. But our main philosophy is to find the right, individual level of risk by putting together a mixed portfolio and thinking long-term, rather than spreading stock savings over time, which the historical statistics confirm.

Conclusion

Today, there is a record amount of money in bank accounts, and we believe that a large part of this money is long-term savings that have not been invested. Unfortunately, this money is there without any return as the big banks do not give any interest on the account. We believe instead in investing this money against the stock market. But essential to keep in mind: do not make decisions based on emotions; only trade with long-term money and feel free to invest your money in installments. Not even professional investors with excellent knowledge and good data can know when a downturn will begin or end. And historically, there has been no winning strategy to wait for a stock market crash.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

When you spend time planning, there will be more time to enjoy your free time and relax. For many, spending increases during the holidays, so it may pay to make a separate budget for the summer months. It also pays to think about how you finance your summer. Remember that what is produced on credit must also be repaid with interest and service fees. With the following tips, you build up and keep your holiday budget.

A good tip to start with, which is not directly about traveling cheaply but is still essential, is that you should try to save money for your trip in advance. If you expect to go away in the summer or would like to, you also have something specific to save money. A trip is also enjoyable, so it might be easier to save money for one than for something else.

1. How big is the holiday fund?

Start by charting how much you must move around during the holidays. According to Nordea’s survey, the average holiday budget of Finnish households was 1450 euros in the summer of 2018. It is moderate, and everyone must start with their financial situation. Someone spends more, another less. The main thing is that you do not live on your assets and do not overestimate the available resources, and do not underestimate your expenses.

2. By what means do you finance the holiday?

Some save up for a holiday fund. Someone else receives holiday pay, and a third uses the salary income. If you look at the statistics from last year, 15 percent of Finns planned to finance their summer at least in part with borrowed money. If we do not plan and make a holiday budget, the risk increases that we spend more money than we originally intended, increasing the temptation to take out a loan for the rest of the holiday. Before you choose to pay by credit, it pays to think about how it feels to open the credit card invoice as it dims through the post office on a rainy September day. The day of payment comes sooner or later, and then you also must pay interest and service fees.

3. What do you want to do during the holidays?

Once you know what resources you must move around with, it’s time to think about how you want to spend your money. Generate a checklist of items you wish to perform and a cost estimate for each. When you look at the larger picture, it can be easier to select what appeals to you the most and is most cost-effective. Also, remember that not everything has to be expensive to be enjoyable and soothing. How does it sound with a bike ride to the neighboring town with friends? It will be extra fun if you plan and prepare a lunch bag together to take with you on the trip.

4. Discuss with others what you will spend the holiday with

In situations where several people are involved in the holiday celebration, it can be good to discuss before starting the planning work. What are the expectations of everyone on holiday? What budget do you have to move? There may be people who have different financial conditions in a larger group. To meet others’ expectations, it’s not a good idea to go into debt and fund your portion of the vacation on credit. Dare to say if you feel that the costs are too high.

5. Make a status check in the middle of the holiday

Although it is a holiday, and it can feel not easy to pull out a budget sheet and receipts, it may be appropriate to make a position check. How much have you spent on the money you budgeted for the holiday? And how much do you have available for the end of the holiday? When you do a location check, you avoid exceeding budgets and unpleasant surprises. If you can save a little money every month for fun, you can try to save money that is earmarked for a holiday trip. Of course, how much money you need for the trip depends on what you want to do and where you want to go, so you can adjust how much you spend a little.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

A mortgage is a kind of guarantee for paying a loan or financing, for example, in a financial institution, which is usually contracted by an individual or legal entity. It is worth mentioning this guarantee is operationalized through the offer of an asset, which is generally agreed upon between parties through a property. In this way, a type of “insurance” for the creditor is established. Suppose the debtor does not correctly honor its commitments agreed upon when closing the contract, becoming a defaulter. In that case, the creditor can take over the referred mortgaged asset to settle part or even the total amount of this debt.

The mortgage meaning still generates many doubts in people. So, when discussing what a mortgage is, clarifying each peculiarity is essential to understand what it means. You can then offer this property as collateral for the loan to the bank. In this case, notice that the bank’s risk is now much lower. Because, if you become in default, the bank can execute the guarantee through the sale of the property that covers, in excess, the total amount of the loan.

What Do Lenders Usually Focus on When You Apply for A Loan?

Loan providers cling to the 3 C’s, cash, credit, and collateral. Cash means you have enough of it for the down payment and closing costs. Good credit means you have borrowed money in the past and made payments in full. Warranty is the security your home represents for financing. Lenders want to make sure the home you buy is worth enough to cover what you borrow. If the borrower’s financial burden is too significant, there is a risk that he will not be able to repay all his loans and the mortgage regularly. The client must have money left for food, utility bills, taxes, and other obligatory expenses.

Reasons For Rejection

Most often, problems in obtaining a mortgage arise from the owners of a “gray” business, who, at the same time, cannot make an initial payment of 50% of the cost of an apartment. Moreover, as a rule, such difficulties arise with every third client in the elite and business segments: they are afraid to show the bank a lot of documents, thus reducing the risks of relations with the tax authorities. However, income is not why the borrower cannot count on a mortgage. “In general, banks are loyal to such borrowers, offering programs for them on two documents without proof of wages. You can also provide a certificate of income in the form of a bank. It also happens when borrowers overestimate their capabilities – asking for too much credit. In such a situation, the bank may approve a smaller amount based on the analysis of the borrower’s income.

Credit History

The primary record of credit histories provides only information about the bureau of credit histories, in which the credit history is stored, but not the credit history itself. Poor credit history can lead to a mortgage being denied, so it’s good to double-check ahead of time to ensure everything is in line. However, everything is somewhat more complicated: 91% of all banks rely on information from main bureaus. The rest are used only by small banks in the regions; these bureaus can be called small-town ones. A person’s credit history can be in any of these bureaus, one or several at once. To find out where it is, you should use the bank’s central catalog of credit histories.

Dealing With Credit Mistakes

To get a complete picture, you need to check all the bureaus that contain information about a potential borrower. “The fact is that sometimes the data in different databases turns out to be different. These are banal errors, but they can be a reason for refusing a mortgage. For example, some customers regularly paid on their consumer loans. But when his credit history was checked, which was in three bureaus at once, the information turned out to be completely different: according to one of the versions, there were no delays in payments; according to another, the wait was up to 30 days, and in the third case, it varies from 30 to 60 days.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Bargaining is a continuous process rather than a one-time occurrence

Discuss remuneration with your coworkers and stand up for yourself if you earn less than your peers. If a monetary raise is not an option, you can discuss alternative advantages such as vacation time, health insurance, and 401(k) matching.

Trading is like riding a bicycle: it gets easier and more accessible once you get it.

Get the most out of your tax-advantaged retirement accounts

In my Beginners Guide to Investing episode of the Financial Feminist podcast, I talk about the biggest mistake I see new investors making. They frequently believe that simply opening an account is “enough,” but they overlook that just because money is in an IRA does not guarantee it is invested in the market. A brokerage account, an IRA, or a 401k is only a container for your money; you must still determine how to spend it.

The second is not maximizing tax-advantaged accounts and taking full advantage of employer matching contributions. Taking advantage of an employer match is free money, and it should be a top priority. Setting investment goals in January is a wonderful way to get the most out of your accounts.

Debt repayment is a good thing, but it isn’t always a primary concern

Seeing advice that mainly instructs young people to pay off all their debt before they start investing irritates me greatly. While I agree that high-interest debt, such as credit cards and other loans with an interest rate of more than 7%, should be prioritized, you can still invest while paying down lower-interest debt, such as college loans. The market has an average rate of return of 7%, which means your money will work harder for you in the market than it will as a loan payment.

Open an HYSA for your emergency fund and short-term savings for a quick win

It is the most straightforward and accessible personal finance advice I have. The HYSA is like a typical bank savings account, except that it can generate up to ten times greater interest. Because they often have no deposit limitations and let you withdraw cash up to six times each month without penalty, HYSAs are ideal for emergency funds and short-term savings goals. Ensuring your money is working for you in 2022 is a straightforward victory.

Tori-Dunlap is the creator of Her First $100K and the host of the Financial-Feminist podcast.

Related: Personal finance is now on the high school schedule because of the pandemic.

You may want to investigate other strategies to improve your income and invest once you’ve mastered the art of negotiating, utilizing the power of tax-advantaged retirement accounts, determining your debt payback strategy, and opening that crucial HYSA.

Digital Nomad Quest founder Sharon Tseung has first-hand experience when it comes to taking those exciting (and sometimes daunting) next steps. Here, she shares her tips for speeding up your sideline activities and real estate investments.

Start a side hustle

Having multiple streams of income allows you more security and protection. You won’t have to worry as much about a significant change if something occurs to your daily work if you have additional sources of income. As a result, the average billionaire has seven sources of income at their disposal.

Even if you don’t have a lot of money, there are plenty of side hustles you can start. It could include freelancing on Upwork, starting a YouTube channel, selling digital products on Etsy, or selling custom products through Merch by Amazon. Even if they take time to build, they are worth the extra income and stability they give you.

Invest in real estate

Andrew Carnegie said that “90% of millionaires invest in real estate.” Real estate has numerous advantages, such as cash flow, appreciation, leverage, and tax advantages. Begin by investigating your target market and analyzing cash-flow-generating transactions. Read books like those in the Bigger Pockets library, listen to podcasts, and attend meetups to network with other investors and agents if you want to get started investing in real estate. Take action to grow and learn from the event when you’re ready. — Sharon Tseung, host and founder of the YouTube channel Digital Nomad Quest

Related: 10 Side Hustle You Can Start from Home In 2022

Perhaps 2022 is when you plan to graduate from secondary con artist to full-fledged business owner. If that’s the case, you may have many questions about his finances as a new entrepreneur. What about retirement accounts? How will the transition affect your expenses? Your budget? Clo Bear Money Coach Chloé Daniels took the life-changing leap after beginning her budgeting journey in 2018. Here, she shares her tips for navigating finances in new career terrain. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

The first stumbling block for new managers is delegation of authority, which is frequently unmanageable. On the other hand, delegation is one of the essential talents for effective and united management. Knowing how to delegate duties to your staff, when to execute them, and how to perform them is critical to your manager’s objective. Find out how you and your group can be more productive in the sections below.

What is the Delegation’s Contribution?

It is not easy to get rid of some tasks. Art, too! Effective and successful delegation necessitates some time and effort to properly comprehend the technique, particularly the benefits it will offer to you and your team:

Encourage Your Employees to Work Harder

Delegating allows you to focus on your position’s core activities and what works best for your organization. It may also boost your employees’ engagement, encourage them to take the initiative and empower them to add more value to their responsibilities. As a result, their motivation will be tenfold.

Manage Your Time

Your time appears to be well distributed on paper. You efficiently manage your day and have a clear vision for short- and long-term initiatives. It is only a hypothesis! Because, in practice, you’ll rapidly become engrossed with day-to-day issues and difficulties, both minor and significant, that arise out of nowhere.

Focus on Your Priorities

Delegating these non-strategic responsibilities to trustworthy and competent people will allow you to focus on your core goal, which is to get your team going in the right direction and at the right place to contribute to your company’s growth. So, try to expend as little time as possible, put in the most effort, and concentrate on the most critical issue. That is, after all, why you have come!

Empower Your Team Members

You may improve your employees’ abilities, motivation, and sense of meaning in their work by instilling a sense of responsibility in them through delegating. The good wheel is turning!

When Should Tasks be Assigned to Collaborators?

Now that you’ve convinced yourself of the benefits of giving duties to your staff, it would be best to decide when to do so.

You can use a few questions to see if you can assign a task to one of your team members in particular:

• If I appoint such a person to handle the job, will I be able to devote more time to duties that have a higher impact on my department’s or company’s development?
• Is one of my team members comfortable with the task I’m delegating? Is it capable of bringing new perspectives?
• Does he allow such personnel to grow and enrich their skills by providing them with such tasks? Will it give the entire team a fresh lease on life?
• Would you agree that outsourcing this aspect of my work makes our organization’s mission more meaningful?
• Would my team be more engaged and motivated if I were assigned this task?
• Will this transfer encourage my employees to take the initiative?

If you answered yes to these questions, please delegate!

Your group. Start by distributing tiny everyday activities or jobs in which you recognize a participant’s genuine and passionate desire to feel comfortable and practice delegating assignments. It could be the structure of a file separated into multiple files—the categorization of letters, the responses to some of them, or the procurement of equipment.

Why is it so Tough to Delegate?

The fear of delegation stems from a manager’s concern that the individual to whom they are delegating will not be capable of completing the assignment. Remember that, whether you trust it or not, it is always your obligation as a manager to get the task done correctly.

The delegation, therefore, is not without danger. You must recognize this and allocate each task to the appropriate persons to reduce the threat of ineptitude or incompetence.

In addition to the fear that a person will not be able to do the job at least as well as him, the manager can cite a shortage of time. Distrust of his employees and heightened anxiety among subordinates, including the dread of being incompetent due to the belief that he will spend. The inability to delegate or even a feeling of guilt about distributing responsibilities, the urge to manage everything, a sense of pride, etc. Some people believe they are doing everything they can to support their position. You should avoid burnout at all costs!

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Ah, the age-old debate between traditional and digital marketing. On both sides of the street, there appear to be intelligent people. Traditional kinds, according to some, are the only way out. They will stick to what they have worked for, which will be its end. Others claim that the Internet, and nothing else, is the sole practical marketing approach in the modern world. Who is correct?

You are not alone if you are considering participating in a debate or launching a successful marketing campaign. Between 2004 and 2015, billions of dollars were spent on marketing efforts. Do not worry if you feel compelled to select sides in an argument before beginning. The truth is that understanding how these two marketing approaches function is critical. If you have the proper knowledge, you will use a blend of the two marketing strategies that work best for you. It is crucial to understand the fundamental contrasts between digital and traditional marketing. Yes, they are.

The Basics: Traditional Marketing

Traditional marketing has a considerably longer history than digital marketing. The most straightforward techniques, such as posting a “Saturday Garage Sale” sign on the yard, fall into this group. Traditional marketing, on the other hand, is not always so straightforward. Billboards, mailing lists, and fliers are all examples of conventional marketing. Television advertising is one of the most digital in the traditional bubble.

The spirit of traditional marketing is captured in these ads. This does not guarantee that each potential client’s needs will be met. This is not to say that no studies have been conducted on television. Take a look at the Nielsen report to understand how much effort goes into determining the tastes and interests of the average audience. But we are talking about the total amount of ad views, not a single person’s interest. It is all about effectively and efficiently communicating with the general audience. It has been around for a long time for a reason. However, this does not rule out the possibility that this approach has been invented in our time.

When comparing digital and traditional marketing, traditional marketing is distinguished by its reliance on networking. Many more people send emails or leave voice messages to engage with potential customers for your service or product. Even if it is a bit old school, there is nothing wrong with these guys. 

Fundamentals: Digital Marketing

Digital marketing is frequently defined differently by different people. Some suggest that the term “digital” should be applied to the television period because “digital” can be used in that age. When you compare digital marketing to traditional marketing, though, the distinctions are clear. The history of digital marketing, in general, parallels the history of the Internet. This is not to argue that digital marketing was important when developing children’s Internet in the 1940s. On the contrary, when the Internet became more widely accessible, this form of marketing grew even more significant.

Millions of new people became the target of marketing campaigns as everyone started using email and checking their favorite websites. It happened as if it had never happened before. The email explosion was the first significant breakthrough, and it continues to this day. It is like sending a message or an offer to your potential customers regarding whatever they would find interesting about you and your company. You may set up a listing service and send emails to hundreds of potential consumers using email. It is a less personalized approach to marketing than traditional marketing in specific ways. This encompasses a generous portion of digital marketing, resulting in a stark difference between digital and traditional marketing.

Digital marketing aims to reach many people rapidly, but it is difficult to predict who will see your ad. This might be everything from banner ads on your website to emails to SEO, which can help your business appear in Google search results faster than before. Over the last decade, the proliferation of social media has further altered the game’s laws. An innovative marketing platform has emerged due to people spending so much time on Facebook, Twitter, and Instagram—at least five hours on a smartphone. Companies nowadays spend a lot of money on marketing to encourage individuals to join their social media pages. The logic is similar to a bear trap: if you can get them to join Facebook, they may stay for a while.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

There are numerous living expenditures to consider for people who choose to study in the United States. Some of these expenses, including lodging and meals, may be covered or subsidized by programs like your study abroad program or scholarship. Whether you plan to study in the United States for a semester or become a citizen, knowing the overall cost of living for your studies is critical.

As a result, we’ve compiled a list of total living expenses by state, which you can find at the bottom of this page. It is obtained by calculating the average monthly amount spent on the three most significant expenses: rent, FoodFood, and gas. Because this is an average, specific regions may be less expensive than those listed, depending on whether they are in a large metropolis or a small hamlet. The strategies below can assist you in halting the rise in living costs.

Examine your current financial status

Make a monthly budget plan

Congratulations on this case! You’ve taken the initial steps toward budget management. If you haven’t already, we motivate you to: Find out how much money you have leftover at the end of the month to better manage your spending. Have you estimated your debt-to-income ratio or your remaining life expectancy?

Estimated remaining cash on a weekly or daily basis

You can budget for the rest of your expenses now that you know your monthly subsistence allowance. The money that is still available will be limited to the following amounts: Divide by 4.5 to find out how much you can spend per week, and then by 30 to find out how much you can spend per day.

Establish objectives to avoid overdrafts

Now that you have a better image of the (de)sprouting in your budget, it’s time to tackle the resolution part. Set yourself additional enjoyable aims in addition to protecting yourself from bank overdrafts:

• Invest in the future by putting cash aside.
• Put money aside for your next vacation.
• Have a good time (or have a good time) and get ready to retire.

Reduce additional costs

Setting aside when there is an inclination to limit is challenging. However, investigating your account may help you spot unauthorized banking transactions.

Subscription: Gyms, movie theaters, audio or video streaming services, publications- don’t deny yourself small pleasures, but think about if your subscription is still relevant. Is there an alternative product or container that is more in line with your actual consumption that you would be willing to consider? Jump!

The compulsion to shop: It is not always simple to reason. Also, take a thorough and precise list of your actual needs when you go shopping.

Examine your contract to see if you can save money on your household bills.

Do you have the option of deducting funds simultaneously as your carrier? Make a move! It’s worth pausing for a few minutes if you have recurring direct debits.

Water, electricity, and natural gas

Splitting payments is an excellent strategy to spread your spending over the year. Consider it once a month. The process for one month will be similar to the plan for the following month. This protects you against unpleasant surprises, such as unexpected utility bills, a few days before Christmas shopping.

Insurance and banking

Have you read your contract’s terms? They describe the features of the offers to which you have subscribed. Surprisingly, your credit card (or any other color) frequently includes the same guarantee as to your insurance. Home and vehicle insurance and mutual insurance are all available—the ability to minimize prices by (re)matching or removing choices you don’t need.

Concerned about the environment

Reduce food expenses by avoiding waste. Do you ever toss Food away from the fridge? Not to make you feel worse, but to assist you in developing appropriate reactions. Don’t go shopping if you’re hungry. This is the greatest technique to hack once you’re in the food aisle. You’ll probably buy more than you planned, and it won’t necessarily be the best. Difference DLC and DDM are two different types of DLC. After a specific date, certain items are still edible and pose no health risk: Date of expiration (“Use until…”). Expired goods should not be used. Date of Expiration (“Used by”). Food that has expired loses part of its quality but does not become unsafe to eat.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Business process automation is the automation of daily repetitive tasks usually done manually. BPA enables you to quickly and efficiently complete repetitive work and move to a paperless workflow from multi-layered workflows to customer responses. With a dedicated solution, you can automate tasks that require the analysis of large volumes of raw data and documents, such as product development, sales, human resources, etc. Using business process management, you can control new workflows resulting from automation and improve efficiency throughout the organization. Businesses do not always think about automation in the context of business processes. It is worth understanding the difference between business process automation and business automation to avoid confusion.

In theory, business process automation and business automation are equivalent concepts because, in business, everything is a process that can be divided into sub-processes and stages and described. But in the real world, companies have several highly social activities that can only be partially automated. For example, corporate culture, recruitment and personnel management, and company management as a whole – these business areas involve a person’s involvement not only as a resource but also as a person. Thus, business activities that are problematic to decompose into processes, but can be partially automated, fall into the area of business automation, which is a broader concept than business process automation. A business automation system is everything that turns part of manual labor into a machine and automatically transfers it into the field of engineering and information technology. A massive layer of tools can be attributed to business automation technologies, from production equipment and robotics to software and communication channels. But in the context of business process automation, the conversation is about a narrower set of technologies, which will be a topic in this article. When taking advantage of the automation platform, it’s essential to understand what workflows can be automated and how to create a dynamic workflow. Here are six key benefits of automation:

1. Increase Productivity and Work Efficiency

The automation platform excludes possible errors. Fewer mistakes equal better results. Getting rid of inefficient daily manual processes will increase productivity and speed up the execution of standard business processes that involve interaction between departments and employees throughout the organization.

2. Reduce Lead Time and Cost

Automation improves profitability and reduces transaction costs, such as manual paperwork. Internal processes run faster: you spend less time and money on the resources you need, and employees can focus on more critical tasks.

3. Easy Data and Document Management

When performing manual operations, it is easy to lose sight of messages, spreadsheets, and other printed or emailed documents. In addition, transferring information or calculations between different data sources increases the risk of human error and is time-consuming. Process automation allows companies to centralize work with all documents and data. It makes it much easier to organize, find, and manage the information you need.

4. Transparency and Visibility

Since the automation platforms guarantee compliance with recommendations, there is no need to control the team’s work. These solutions are also capable of collecting data and creating reports and analytics. Dashboards give you a clear view of the current situation to make informed decisions. This level of visibility and transparency is critical to a company’s success.

5. Process Standardization and Compliance

Automation processes have strict rules about who can make changes or update documents, but employees may not always follow them. Thanks to the BPA platform, you don’t have to worry about missing steps because the processes are done at the system level. You can create powerful digital workflow automation that ensures that the correct information gets to the right person at the right time. Companies can also track data usage by quickly logging names, dates, and assignment details. Documenting this information will also help you during audits and compliance reviews.

6. Increase Employee and Customer Satisfaction

Automation brings many benefits to your employees: they will be able to perform many of their day-to-day tasks quickly and flawlessly. You will create an environment in which everyone will thrive. Your team can focus on critical projects that drive effective business decisions with faster management approvals. Automation also benefits your customers. By getting more accurate and consistent data, they will be satisfied with the final product or results.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

The most significant benefit of this income is its accessibility: any user can participate in surveys. Furthermore, it is intriguing because it will always inform you of new popular and current marketing trends.

Who pays for surveys and why?

The primary goal of surveys is to conduct marketing and sociological research among the public. Typically, they are ordered by several giant corporations that require precise information about what the direct consumer thinks about a particular product or service to carry out their operations. In some circumstances, a middleman is used, such as a specific agency that connects the manufacturer and the buyer.

Surveys allow you to determine which products are the most popular among the public and why. As a result, sales rise steadily, implying that profits rise as well because the manufacturer continues to act according to public opinion and makes the items required. Therefore, there are paid surveys. This is advantageous to manufacturers.

Online surveys are becoming increasingly frequent on the Internet, and they are conducted via the network. Specific portals are built to do this, known as questionnaires or sites with paid surveys. Simultaneously, agencies in St. Petersburg, Moscow, Krasnodar, Novosibirsk, and others conduct local polls for material incentives. The survey will last 1.5 to 2 hours in this instance, but the reward for the time spent will be appropriate – 1 to 2 thousand rubles. However, requests do not come up very often, and they are not acceptable for everyone. As a result, our post discusses paid internet surveys, which are significantly easier to do.

If you opt to make money by taking paid surveys, you will be successful because the action method is straightforward. You will need a PC, tablet, or laptop with Internet connectivity and spare time to complete this task.

How to earn more from surveys

You will need to sign up to get the most out of the questionnaires. You can start with 15 to 20 portals right away. No one will charge you money for this, and nothing awful will happen if you refuse to work on one of them.

Signing up for international questionnaires is preferable, as the incentives are far bigger. If you have at least a basic understanding of English, your profits will be higher. However, if you state that you speak English in your Native-language profiles, you will be assigned slightly more activities to perform at a higher cost.

Sites where you can earn money on surveys

The following websites have been verified as paying for questionnaires and surveys, as evidenced by many users’ reviews of these tools. So, with the help of the following websites, you can make money online by taking surveys:

1. https://www.surveysavvy.com/ – Available in English and Spanish. Anyone can earn on it, even a resident of the United States. He pays by check.
2. https://www.spidermetrix.com/ – it is available only with a VPN installed for Russians. If you decide to access the site from a Russian IP, then the site will not open. He pays money for work by voucher or through PayPal.
3. https://www.e-research-global.com/ – available in most languages ​​of the world. You can cash out the money earned from it only through PayPal.
4. https://www.vivatic.com/ – only UK and USA residents can fill out questionnaires on it. You can only withdraw money to PayPal.
5. https://www.sendearnings.com/ – you cannot work on it without a VPN. Withdrawal of money from it is conducted only through PayPal.
6. https://www.panelopinion.co.uk/ is an English questionnaire that works even in the Russian Federation and other CIS countries.
7. https://www.joinhiving.com/ is an international survey offering many paid surveys with the ability to withdraw money to a PayPal wallet.
8. https://surveys.gobranded.com/ is an American questionnaire that you can access from any part of the world 
9. https://www.myiyo.com/ – is a foreign questionnaire portal with support for the Russian language. The cost of one survey can be up to ten euros. In addition, points are awarded for each completed survey. The withdrawal of earnings on social. Surveys of funds are conducted on the PayPal payment system. The minimum for withdrawal is $20.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.