Author: Jennifer Brazer

Many students and young people aspire to have their own achievements at an early age. Some make them to arise and prepare their future, while others to meet their temporary needs. Therefore, we will see business ideas for young students that you can do while going to secondary school and even college.

1. Offer and teach courses

If you have some knowledge of something and want to take advantage of it, I think this is for you. Many young students earn extra money by applying this idea.

The only thing you need is to organize an exciting course about something. Start with what you demand the most in your sector where you live or live.

You can apply for the same school, community, or friends. The truth is, if the course is good, they will take care of advertising itself and increase your sales.

You can make your course on some difficult subject to understand, such as computer science, mathematics, computing, graphic design, creation of bloggers, among others.

You can give the courses virtual, digital, or face-to-face. It would be best to implement all the tools you have at your disposal to amplify your ideas.

2. Offer private lessons

This idea to start a business as a student is like the previous one. You must observe well what your colleagues, friends, and acquaintances need that you can teach them.

You must have some knowledge to be transmitted to others. If not, think of something and learn what is necessary to teach it.

Some are good at math, physics, and chemistry, but others need that help. That’s where you come in. You can offer classes to those people who need a detailed explanation about a subject.

English, or any other language, is another subject that many young students find difficult. So, if you manipulate that language, you already have another reason to teach and earn commissions for your work time.

3. Assemble jewelry and accessories

Assembling jewelry is one of the most successful profitable businesses for young people that an entrepreneur can start. It is amazingly simple to do, and you will surely have very good earnings if you reach the right people.

As a student or young person, you already have something that you can start the promotion with, people. There is a lot of diversity in high school or college for young people and adults who like to buy these accessories.

Offer your work and give it a reasonable time of payment so that the business can flow. Always remember not to confuse friendship with your work.

You can also spread your designs through social networks or by creating a blog. This is something more serious, but I assure you that if you want to go much further, it will be a key point in your job success.

With a website, you can create a brand and create articles to get your audience to your online store. It is not mandatory, but it is an extra tool to increase and fire up your profits.

4. Clean and wash cars

Although it is not something that many students love to do, you can generate some extra input for doing it.

Try to see who needs to clean their transport and earn your place. You can ask your teacher, caretaker, parents of your friends, among others.

We have all started with something that we do not necessarily like, but I assure you that if you consider why you are doing it, grief and discouragement will disappear.

5. Take care of children

This is a job that is very well sought after and paid for by many people. You do not necessarily have to be a mother or father to fulfill this task. Just have nice behavior and good manners to set a good example for the children you will take care of.

This may be one of the most profitable businesses for some students in some sectors. If you are a girl, you will be a little more friendly and familiar with this work. But do not worry about you being a young man wanting to get ahead. That will be enough to take the first step and do whatever it takes (in your good expression) to make extra money.

6. Sell ice cream

I know many incredibly young entrepreneurial students who earn a good amount of money selling ice cream. They do it in their own colleges as well as outside of it.

In warm places, where the heat is very noticeable, this way of doing business is extremely easy and profitable. You can offer it to your classmates, teachers, friends, and family.

Also, if you have time to arrive from classes, you can continue selling in your own home. If you delegate functions and have someone to help you, you can continue selling, even if you are studying.

When I was younger, I used to do this work with my sister, and the results were incredibly positive. Try it, and you will see the good results you will have. It all depends on your attitude and the trading strategy you show.

7. Sell candy and sweets

If the sale of ice cream is not your thing, you can try to start your business as a student selling sweets at school or home. The sweets and other types of sweets are very consumed by all of us, for which, you will have safe sales and daily profits.

It is not that you will get rich for doing this work, but it will help you earn a little money while you study. This will be enough to buy your supplies, cover your tickets, share them with your parents and friends.

Try to start selling lollipops, cookies, gum, and candy. Little by little, you are analyzing what is most important to you and asking for an opinion of what they want you to sell.

In this way, you will expand your small business until you have a good fund and progress in others that generate profits.

8. Have sheets or slides

Every student knows that an exhibition or presentation cannot be presented without these support materials. Many prefer to spend time on other things than doing their activities.

It is there where you enter, catching all those colleagues who do not have time or do not know how to make slides and slides. In this way, you will be charged for each sheet made and delivered.

If you train yourself in this, you will see that soon you will be an expert and have many clients looking for your service.

Work Online and Earn Money With These Ways

We have already talked and seen entrepreneurship ideas for students that will earn you some money while going to school. But what do you think if you generate extra cash from your home through the internet?

It would be great if you used your computer and the internet to do business and start generating profits month after month. I tell you that it is possible to do all this and even live on it.

For this reason, I show you the best ways you can do to make money online as a student:

1. Create web pages and sell them

You may find it challenging to do this work, but if you have researched a bit, you will know that it is now easy to do so. Previously, programming knowledge in HTML, CSS, PHP and other codes was needed to create a website.

But with the advent of new applications, software, and innovative platforms, this became amazingly simple. With WordPress, you can create web pages with a couple of clicks and optimize them.

Learn to create a website and find customers who want to buy it for some purpose. It can be physical stores, schools, government agencies, or for yourself.

Remember that if you like computing and everything related to doing business online, you will know that this is an open door to a world full of possibilities.

You can go ahead and create your own website to create articles and reach that audience who need the service of a web programmer to set up their own page.

You can charge between $50 and more than $100 per page, depending on the structure and complexity of the site. The price and the conditions you place with your client.

2. Write articles for bloggers

Being an editor is a virtue that very few people possess. If you like to make interesting articles of excellent quality, I encourage you to dedicate yourself to this work.

Some users and platforms pay you at least $5 to write a specific article. The topics can go from recipes of meals to topics of businesses for students.

Some items of good quality and with more than 1,000 words are paid at $ 20. Do you see the incredible profits you can get by writing for other users?

3. Create design images

Do you like to edit images or photos? Take advantage of all the tools that the internet presents to us. With Photoshop or any other image editing program, you can make montages or special effects to sell them.

Imagine a graduation or a special event of several colleagues; you can learn to manipulate these tools and offer your service as a photo editor.

You take the pictures, download some screens, edit, give some special touches to the image, and that is it. You already have your material to be sold and earn money for such work.

In addition, you can sell your images taken and designed by yourself through the internet. If you learn or know how to create logos, presentations, and brand images, you can also sell them.

Platforms such as Fiverr, Freelancer, or UpWork offer you this type of service for you to offer online. The profits are excellent and constant if you make yourself known as a good designer.

4. Have videos and upload them to YouTube

Did you know that you can make money creating videos for YouTube? That is right, millions of users upload multimedia files every second to the number one platform of reproductions: Youtube.

You will ask yourself: How do people earn money for just making and uploading videos? The answer is simple, for advertising, sales, or affiliate products.

One of the best-known ways is with the Google Adsense platform. This method does print ads in each video, and by the visualization and click that visitors make, you earn money.

It is that easy! But do not think everything is rosy. You must work daily, be consistent and follow some strategy to succeed. I tell you that if you dedicate yourself to this, it will be an immense door where your business opportunity will be almost endless.

You will have organic traffic, users with private interests, secure sales, followers, and others. When you dedicate yourself to creating videos and being part of the YouTubers community, there are many points in your favor.

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.

According to Statista, the global worth of the supply chain management software procurement market doubled over the last decade, indicating the significance of the supply chain in the current global economy. We live in a hyper-interconnected business world, where multitudes of businesses operate in different demographics. Supply chain management ensures a stable network and strong connection needed for smooth economic coordination. A well-thought-out supply chain management strategy benefits you with boosted customer service, reduced purchasing and production costs, and improved financial status.

With technology upgrading supply chain management dynamics, it has become a crucial element of business strategy. Where it adds to the customer value, the rapid technologization of the supply chain has raised customer expectations. Business organizations are now expected to constitute creative ways and technologized approaches to meet consumers’ needs and requirements. With the global pandemic destroying economies and industries on the verge of complete collapse, the uncertainty about the future has intensified. The endemic is impacting the finance sector; it has re-emphasized the importance of digital supply chain management.

As per Deloitte, the world might witness a global trade war considering the decreased economic resilience and increased unemployment. These changing dynamics impact the supply chain leading to different trends and developments in supply chain management. With 2020 coming to an end, here are a few new trends that will define the New Year for supply chain management:

AI-based automation

Artificial Intelligence is not a new concept. It has been around for decades and will probably dominate the future in upcoming years. With AI reigning over every industry and sector, supply chain management is no exception to that takeover. AI surfaced as the primary propellant in the technologization of the supply chain, from speeding up data processing to the development of efficient algorithms. AI brought invaluable insights while incorporating advanced pattern identification techniques for minimum human errors and handling complex tasks.

• Adoption of Blockchain

Blockchain is referred to as the biggest breakthrough of the technology industry. However, the recent advancements have proved their worth in every industry and sector. The main purpose of this technology was to enhance operational transparency while reducing ambiguity in the data sharing process. Blockchain works on end-to-end data sharing with concerned parties. It benefits from improved security and incorruptibility of shared data. Integration of Blockchain in the supply chain allows for better transparency and security.

Cryptocurrency is another addition to the Blockchain that is becoming popular in the supply chain. This digitized form of currency is now the most preferred payment methodology in cross-border trade. It provides the users with speedy transfers, better security, and higher transparency in financial systems.

• IoT

Besides Blockchain, the Internet of Things is another technological advancement redefining supply chain trends. Similar to Blockchain, IoT guarantees exponential improvement in transparency with advanced management systems. The technology allows for ease of use with hassle-free integration across the entire supply chain, from starting point to the finish. IoT-powered supply chain benefits you with increased operational efficiency, minimized downtime, increased responsiveness, and doubled ROI.

• Robot revolution

Digitalization is not restricted to supply chain management and operation only. Instead, rapid technologization has automated manual tasks and jobs to eliminate every possibility of human error. With the introduction of drone delivery and mobile robots, the industry has experienced extensive automation of labor-intensive tasks. The benefit of robotic automation is freeing human resources from tedious tasks, allowing them to work on crucial decision-making.

• Agile supply chain

Agility means the ability to be flexible enough to absorb shock, including natural disasters and unanticipated ups and downs of the industry. Incorporating machine learning with AI-based algorithms, well-put-together models of SCM could predict future trends and developments. Personalizing shipments is another factor gaining importance in the chain. The core requirements of an agile supply chain without cost addition are empowering the end customers, ease of customizations, and flexible infrastructure.

All in all

The supply chain trends focus on sustainability and flexibility, making rapid technologization the core need of the industry. The agility and omnichannel supply chain will dominate the norms and trends of the supply chain. The industry is currently working in unprecedented times, but with innovation changing the dynamics, it is all set to optimize business operational efficiency.

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 beginning stage, social media platforms have only one option. Everything is available in the news fees. Nowadays, you have two options to create a story and news feed. What are the differences? Why were stories feature added when you already have a newsfeed option? How do they impact the business? And which one is more beneficial for companies?

Posting a story leads you to confusion. If you are from one of them, do not worry, you are not alone. Many social media users have been left wondering regarding the variations between the content on stories or news feeds.

So, in this blog, you will go on a ride discovering the differences between them and tell you which one to use for business.

But before starting the real action, let back to the days and understand how and why stories gained place next to the news feed option.

Let us Start

In previous days! When posting anything on your friend’s timeline was an exciting thing to do. Now, posting something on the news feed looks unappealing and boring. Facebook made different changes to its feed algorithm, full of business pages and personal profiles, not offering a proper space.

That is when stories revel in. Stories offer you the opportunity to select the content you want to see. It gives prepared content where you can overlook the ones you don’t want to see and view others. Stories feel personal and exciting. Facebook knows that. Hence the interim from feed to stories, which are the upcoming Facebook for the news feed, is losing its attraction day by day.

Basic difference

The news feed is the main functionality of Facebook and has been part of it from the start. If you post an updated news feed utilizing the what is on your mind box, it will seem on your timeline, or wall, or whatever you like to call it. You must scroll down to search for new content.

On the other side, the story creates an option that is just new. Choosing it added content to your story. Stories are just like a slide show offering a new video or picture within a few seconds, which plays a vital role in promoting your product or business. The sequence is set to continue new stories new the previous is ended. Stories disappear within 24 hours, whereas the news feed is for a lifetime until you delete or remove it.

With the growing range of Snapchat, we have become familiar with sharing various and frequent updates the whole day. A way of communicating that just does not it with the tradition. Sharing stories is easy to update and less time-consuming.

Why stories feature added when already have newsfeed option

The feature that exists from the start of social media is Newsfeed. Corporate sector people have less time to do marketing. They do not have any specific marketing strategies to waste much time on daily posts and make each news feed’s content. Social media platform provides an innovative way that is less time-consuming and dramatically impacts the audience.

How do both impact business?

Social media marketing is a great way to market your business or products. Social media marketing is an economical and easy way for most startups to promote their product and give a unique name to the audience’s mind. This can only happen when you regularly interact with the audience. For that, the news feed is more time-consuming to make content and search for so long. Compared with a news feed to regularly connect with the audience, updating stories daily is the most effective way to interact with the audience.

Which one is more beneficial for businesses?

For the business world, both have their unique importance. Let us talk about news need first, news feed. Newsfeed consumes more time but has lost a lasting impact, as it cannot be removed until you delete it. The general audience shares their reviews and comments to the post that could be the better option for the business, but it is time-consuming. It is less time-consuming for stories, so you could regularly connect with the audience and make them aware of promotions and the latest updates.

Bottom line

Any technology innovation has both positive and negative impacts when you have any technological innovation. Similarly, in the case of news feeds and stories, both have their importance in the business market.  

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.

Logistics Flow Management: A Comprehensive Guide

Logistics flow management is a critical component of any business, involving various factors that can directly or indirectly influence the effectiveness of the company’s operations. Often referred to as the “value chain,” logistics flow emphasizes the importance of ensuring that each function within an organization contributes positively to its overall value. This flow encompasses a wide array of activities within a warehouse, covering every step from the initial receipt of products to their final distribution to customers.

If your business is falling behind in its logistics processes, here are several detailed tips to improve performance:

Control minimum and maximum stock levels

Customer expectations are higher than ever, and no one enjoys experiencing delays in their orders. To combat this issue, adopting advanced cloud management software can be extremely beneficial. This technology not only helps you track inventory levels in real-time but also allows you to set predetermined minimum and maximum stock levels. By doing so, you can automate the purchasing process and generate purchase orders well before your stock runs low, ensuring you have enough products on hand to meet demand. Moreover, this approach minimizes the risk of overstocking, which can lead to logistical challenges due to insufficient storage space in the warehouse.

Establish a robust stock rotation system

Effective stock management is vital, particularly for businesses dealing with perishable goods. Implementing a strong stock rotation system can significantly enhance the efficiency of your logistics flow. Utilizing the FIFO (First In, First Out) strategy ensures that the oldest inventory is sold before it spoils, thereby reducing wastage and maximizing profit margins. On the other hand, for non-perishable items, a LIFO (Last In, First Out) approach can be effective, allowing for easier handling and management of products that have a longer shelf life. Understanding the specific needs of your inventory, based on its characteristics, is essential for optimizing your stock rotation processes.

Optimize warehouse space utilization

In the world of logistics, efficient use of space is paramount. A well-organized warehouse can lead to significant increases in productivity and efficiency. Begin by creating a detailed layout plan that designates specific areas for different types of products. Clearly define standards for how products should be stored on shelves, pallets, or designated storage spaces. Furthermore, ensure that there is adequate space between shelving units and products, allowing for easy movement and access. Regular assessments of your warehouse layout can help identify areas for improvement and enable you to make the most of every square foot available, ultimately leading to smoother operations.

Manage warehouse movements for efficiency

Controlling the flow of movements within the warehouse is another essential factor for ensuring operational efficiency. Each step in the process—order receipt, package preparation, labeling, and quality control—requires careful planning and execution. Streamlining these processes can significantly cut down on unnecessary delays and errors. For instance, ensuring that goods are correctly palletized allows for easier transportation and access during order fulfillment. Additionally, implementing an effective coding and labeling system not only facilitates the quick location of both individual products and bulk batches but also helps in maintaining an organized inventory system.

Facilitate accessibility and preservation of products

The layout of your warehouse should prioritize the accessibility of frequently sold items. Placing these high-demand products within easy reach can expedite the fulfillment process, allowing for quicker order preparation and improved customer satisfaction. Alongside accessibility, maintaining optimal preservation conditions for all products—regardless of their nature—is crucial. This includes regular cleaning, temperature control (for sensitive items), and routine inspections to prevent damage. Proper inventory care ensures that products remain in pristine condition, which is vital for customer satisfaction and retention.

Bottom Line

While logistics management may initially seem daunting, it can be simplified through careful planning and strategic implementation. As we explore the breadth of technological advancements that characterize our modern world, we discover rich opportunities for innovation in logistics. These advancements not only enhance the ways we manage operations but also challenge us to expand our understanding of efficiency and effectiveness in business practices. By embracing these changes, we can anticipate a future filled with potential—a future where the journey of continuous improvement and the celebration of technological integration go hand in hand with achieving our organizational goals. As we navigate this exciting era, let’s remember that tackling challenges cultivates curiosity and leads to solutions that strengthen our connections, underscoring that the process of progress is as meaningful as the end results we strive for. 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.

After delivering the engagement ring, comes one of the moments where the couple must agree and choose the rings that will mark their love for a lifetime.

One of the most emotional moments in a couple’s life is the marriage proposal. The nerves of the groom or the bride are in full bloom, and the tears of the couple’s emotions are sometimes inevitable and become part of a memorable moment. Then comes the choice of wedding rings, a step that requires a couple’s choice, for which they must agree on the color of gold, diamonds, and the design that will seal that union.

The election process is not as magical as the proposal was because it requires measurements, adjustments, and design changes. That is why Diners has put in the task of gathering the most practical and essential advice for the occasion.

Be sure to choose gold

Expert jewelers worldwide recommend never changing gold to another precious metal because it symbolizes abundance and prosperity. What they can do is to mix the three varieties of gold: yellow, white, and pink, in one, in addition to choosing the finish in matt, brushed, shiny or polished.

On the other hand, the couple must consider their profession when choosing their rings. For example, if they work in fashion design, crafts, architects, engineers, or gym instructors, they should opt for a smooth ring to avoid accidents. However, you can also opt for one inlaid with diamonds, sapphires, rubies, emeralds, or any gemstone that you want to add.

“Also, note that zircons are semi-precious stones that can scratch over time. Instead, the diamond is the hardest natural stone in the world, and only another diamond can scratch it,” said Kevin’s Jewelers, jewelry experts Colombian founded in 1980.

Be smart for quality cut and clarity

Always try to save your money as much as possible. Take care of this, especially while choosing a gold or diamond ring for your wedding. You should select the lowest color diamond that must look colorless when you see it with your naked eye. It is one of the core recommendations of the expert Weissman. If you select your wedding ring in white gold, select it in J, or I color. If you opt for yellow gold, you will choose a K color. There is a great difference in their price of J and D color. 

In the case of clarity, you will follow the same instructions. Always select your wedding diamond ring that must be the lowest in clarity. But make sure you must see it from your naked eyes. It should look identical to an elegant diamond ring, and make sure everyone else assumes it equally. The price difference between a perfect diamond and a clarity diamond is huge. That is among SI1 or SI2. 

Now, it is time to discuss the quality of the diamond cut. You will go to your private jeweler for this if he is responsible, as it depends on your experience with him. It is one of the sincere pieces of advice of the founder of Concierge Diamond in Los Angeles. He also suggests that his customers never compromise on the recommendation, as mentioned earlier. But why is it necessary? Your diamond ring will spark that you will love, and it is only because of the perfect diamond ring. 

Remember, let your jeweler cut the diamond perfectly if you select a so-so rough diamond. Make sure it perfectly looks stunning or not. If your jeweler cut it from the top of the line of rough diamond and he cut it poorly, its look will not be more than garbage. 

It is well known that the color of gold is not limited to the skin color of the couple. It is already a matter of taste if you want it to be in pink gold, white, or classic yellow.

Price

Some experts recommend that marriage rings cost the couple two- or three months’ salary, depending on their earnings or expenses. On the other hand, although it is not known when gold, silver, and palladium can fall or rise in price. Metal Focus consultants recommend buying their rings before the end of 2021. The weakness of the capital markets is forcing Governments to safeguard their investments in assets such as gold.

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 late 20th century, health maintenance organizations (HMOs) gained popularity in America as a way to control rising medical expenses. HMOs established pre-negotiated fees for prescription medicines and medical services, ensuring predictable costs for both patients and providers. This model helped stabilize healthcare costs by creating structured payment agreements with medical professionals and facilities. Patients typically select a primary care physician (PCP) within the HMO network, and all specialist referrals must go through the PCP to ensure coordinated care. While this method keeps costs lower, it also limits the flexibility patients have in choosing their providers.

Alongside HMOs, preferred provider organizations (PPOs) emerged as a popular alternative, offering a blend of traditional fee-for-service insurance with added flexibility for patients. PPOs provide patients with greater freedom to choose their healthcare providers. Unlike HMOs, PPO members are not required to obtain a referral from a primary physician to see specialists or other providers. While PPOs typically cover a larger portion of costs when patients visit in-network providers, they also offer partial coverage for out-of-network care, giving patients broader access to medical services. This flexibility makes PPOs a popular choice for those who want more control over their healthcare decisions.

Both HMOs and PPOs require insured individuals to contribute to their medical expenses through co-payments, a common form of cost-sharing paid during office visits. These co-payments help keep monthly premiums lower while ensuring patients contribute to the overall cost of care.

Types of Health Insurance

Health insurance plans can generally be categorized into four main types:

1. Medical Insurance: This is the most common type of insurance, where the insured has the freedom to choose doctors and medical centers from a predetermined list provided by the insurer. These providers are available at no additional cost beyond the standard insurance premium. Medical insurance can be purchased individually or as part of a group plan for families or businesses.

   Group plans are often popular among employers because they typically offer lower premiums and broader coverage due to the larger pool of insured individuals. Individual plans, on the other hand, provide more customization but may come with higher costs.

2. Expense Reimbursement Policies: Under this model, the insured pays all medical expenses upfront, and the insurance company reimburses a percentage of the total cost — usually between 80% and 100%. While this plan offers flexibility to visit any healthcare provider, it requires patients to manage the upfront costs and submit claims for reimbursement. For individuals who can cover these immediate costs, this plan offers a valuable way to access comprehensive healthcare services.

3. Mixed Systems: This hybrid option combines elements of both medical insurance and expense reimbursement policies. Patients can choose healthcare providers within the insurer’s network, pay the initial costs, and later receive reimbursement for eligible expenses. This system provides a balance between structured care and greater flexibility for patients seeking specialized services or treatments outside their primary network.

4. Subsidy Insurance: This type of insurance provides financial support if the insured is unable to work due to illness or injury. It offers monetary compensation during sick leave, helping to cover essential living expenses. This type of insurance is especially useful for individuals who rely on consistent income to maintain their households.

Important Considerations for Health Insurance

In addition to understanding the types of insurance, there are key aspects to keep in mind when choosing a plan:

• Medical Network: Each insurer provides a list of healthcare professionals and facilities covered by their plan. This list is often organized by specialty, as well as by hospital and clinic location, allowing insured individuals to select their preferred providers easily. Choosing in-network providers generally results in lower costs, while out-of-network care may lead to higher expenses or limited coverage.

• Pre-existing Conditions: Insurance companies often assess pre-existing conditions when issuing coverage. Depending on the condition, insurers may increase premiums, exclude coverage for certain conditions, or decline to provide insurance altogether. Most insurers require a medical examination or a detailed health history before finalizing coverage. Applicants must disclose previous surgeries, chronic conditions, and ongoing treatments to ensure they receive the appropriate coverage.

• Preventive Care: Many modern insurance plans emphasize preventive care, which can include regular checkups, screenings, and vaccinations. Preventive services are often covered at no additional cost, helping individuals manage their health proactively and potentially reducing the need for costly treatments later on.

Catastrophic Coverage

Catastrophic health insurance is designed specifically for emergencies. While it typically includes a few preventive care visits per year, its primary function is to provide financial protection against major medical events such as surgeries, accidents, or critical illnesses. Monthly premiums for catastrophic coverage are generally lower, but deductibles tend to be significantly higher.

This type of coverage is best suited for young, healthy individuals who want protection from unexpected and severe medical expenses without committing to higher monthly premiums. While it may not provide extensive coverage for routine care, catastrophic insurance can prevent significant financial strain during emergencies.

Flexible Spending and Savings Accounts

To help manage healthcare expenses, many employers offer Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA). These accounts allow individuals to set aside pre-tax dollars to cover eligible medical expenses. Utilizing these accounts can provide substantial savings and help manage out-of-pocket costs.

• Flexible Spending Accounts (FSA): FSAs are employer-sponsored accounts that allow employees to contribute a portion of their salary before taxes to cover qualified medical expenses. These funds must typically be used within the same plan year, though some plans allow a brief grace period or small rollover amounts.

• Health Savings Accounts (HSA): HSAs are designed for individuals with high-deductible health plans. Contributions are tax-free, and unused funds roll over indefinitely. HSAs offer long-term savings potential and can even be invested, making them a valuable tool for managing future healthcare expenses.

Understanding these options can empower individuals to make informed decisions about their healthcare coverage, ensuring both their medical and financial well-being are protected. By exploring available insurance types, coverage limitations, and supplemental savings accounts, individuals can confidently select a plan that best meets their healthcare needs and budget.

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 several ways to buy a house and invest in real estate. The most common and perhaps “easiest” way is to buy a home is with a mortgage loan. Here we explain what is and how a mortgage loan works.

What is a mortgage?

A mortgage loan is a loan that allows you to acquire a property. It is used to buy a house, a department, a commercial space, a plot of land, or even remodel or build. These credits charge an interest that can be fixed or variable and has a lifetime typically predefined in the medium or long term.

A mortgage loan is a loan that allows you to acquire a property. It is used to buy a house, a department, a commercial space, a plot of land, or even remodel or build.

In short, it is like any other credit, with the main characteristic that they are large amounts, have medium or long terms, and that their main objective is to be used in some real estate investment.

Categories of main mortgage parts

You will have to foreclose on your house if you don’t pay your mortgage.

• Down payment refers to your purchasing capacity as its rate depends on the type of lender, usually around 20%.
• Principle balance – An amount you owe the lender as mortgage relates to the principal balance.
• Interest rate – Lenders lend you paid money in the form of interest. You have to pay it with the debt payment at the time of payoff. It implies the exact amount that you will have to pay beyond your principal balance.

How do mortgage loans work?

There are different types and differences between mortgages, mortgage loans, and other similar products. But in general, they all work in similar ways.

The interested user requests the credit from a bank, financial institution, online platform, or similar. In the vast majority, already with an idea (vague or specific) of the type of property you want to acquire.

The bank or financial institution (lender) carries out a study to analyze the ability to pay and the responsibility of the person requesting the loan. In this study, we review the Credit Bureau bank accounts, among other things, and the analysis determines if it is a loan candidate and also the rate and conditions! That’s why we insist on taking care of your credit history, since the better the score you have, the better credit score that will be offered (cheaper and with better conditions). Here are some tips to improve your score in the credit bureau.

Suppose the researched user complies with the requirements established by each institution. In that case, the lender provides him with an amount of money and establishes the costs and conditions such as the interest for the use of the credit (it can be fixed or variable), the term (goes typically from 5 up to 30 years), among others. Here also forms and payment periods (usually monthly) are established. Some of these are negotiable, so it is important to know the options of different places before deciding.

Once the loan is approved, a contract is generated, the bank pays directly to the seller of the property, and the property remains as collateral in the name of the lender.

After that, whoever receives the credit must pay as agreed to the lender. The property is released until the end of the credit, changing the owner’s name at the end of paying.

The costs of mortgage credit

And, of course, like almost any other credit, a mortgage costs. That lender wants a profit for lending you hundreds of thousands of pesos for several years. In another article, we will explain each type of cost in-depth, but here we explain the most common costs of mortgage loans.

You should know that a mortgage loan involves at least two different payment concepts: the initial payments and the monthly payments. The percentage may vary, but on average, mortgages lend up to 80% of the property’s value. It means that you must have saved 20% of the property’s value for the initial payments and cover the remaining 80% with monthly payments.

Initial payments:

These are the necessary payments to start the loan. They include things like the down payment, opening cost, notary expenses, taxes, etc.

Monthly payments:

These are the constant payments throughout the life of the loan, which include the contribution to capital, interest, insurance, property costs, among others.

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 economics, investment is understood as a set of saving mechanisms, location of the capital, and postponement of consumption, to obtain a benefit, revenue, or a profit, that is, to protect or increase the assets of a person or institution.

In other words, the investment consists of using a surplus of capital in a given economic or financial activity or the acquisition of high-value goods instead of clinging to “liquid” money. It is done hoping that the remuneration will be substantial, and the money invested will be recovered in a not too long term.

Thus, investment can be understood from many perspectives, both macro and microeconomic, that is, the financial management of entire countries or individuals and companies.

In the first case, the investment is considered part of the gross capital formation, one of the determining factors in the constitution of the Gross Domestic Product (GDP). The goods produced by a nation can go to domestic consumption, exports, or be acquired as an investment asset.

However, it is understood as the use of a portion of capital to boost some economic or financial activity pending a return (profits), or at least to safeguard the capital from harmful factors such as inflation.

Types of investments

First, investments are classified depending on the time in which the return (return) is expected. You can talk like this about:

• Investments are temporary. Of a transitory nature, they are made with the ultimate goal of making surplus capital of ordinary production productive instead of relying on a bank account. They usually last for one year and are typically made in high-quality values, which can be sold easily quickly.
• Long-term investments. They are made for a period greater than one year without waiting for immediate compensation and maintaining their owner during the said period.
• Another possible classification distinguishes between public and private investments according to the profile of the transaction and the subject that performs it. Likewise, according to the destination of the funds (the object in which it is invested), they can be real estate, stocks, bonds, or foreign currency.

Elements of an investment

The investments are composed of the following macroeconomic elements, whose sum provides the total investment:

• Gross fixed capital formation (FBCF). One of the macroeconomic concepts that measure the value of acquisitions of new and existing fixed assets, less the transfer of assets made by the State or the government in question.
• Training needs fixed capital. It is obtained by discounting the consumption of fixed capital (depreciation) to the gross formation of fixed capital and represents the value of the resources that have been provided for investment in fixed assets,
• Stock variation. Calculable by checking stocks at the end of a given period, with its equivalent in the previous year.

Top three investment options

National System of Pension

It is a long-term retirement as Pension Fund Regulatory and Development Authority (PFRDA) focuses on investment product management. The minimum annual contribution of April-March for NPS Tier-1 has decreased. It happened for its continuous activation. It is a mixture of government funds, corporate bonds, fixed deposits, equity, liquid funds, etc. Decide the money invested in equities by NPS at your own risk.

Provident Fund for Public

It is a product for which anyone can rush. The compounding impact of tax-free interest has increased, especially in the year later, due to 15 years of Provident Fund for Public tenure. The investment becomes safest since the sovereign guarantees an earned interest and principal investment. The government reviews the interest rate on Public Provident Fund every quarter.

Fixed Bank Deposit

It is comparatively secure than mutual or equity funds. Each depositor can insure up to a maximum amount for interest and principal amount as per the rule of deposit insurance and credit guarantee corporation (DICGC).

In the past, the coverage amounts were higher for both principal and interest rates. According to the requirements, you can choose the monthly, half-yearly, quarterly, annual, or cumulative interest options. Bank adds the earned interest rate to one’s income, and it includes tax according to the slab of one.

With financial market-linked, investments are fixed income. Both of them are essential elements of wealth creation. Market-linked investments provide high return potential, including high risks. Fixed-income investment preserves your accumulated money as it fulfills the desired aim.

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.

Internet is already part of almost all our daily activities. Everything is just a click away from the computer, mobile, or tablet. We consult the time, book trips, buy gifts, and do bank operations, putting our money in motion.

That is why security is so essential in these transactions. Today, February 9, World Safe Internet Day is celebrated under the slogan “Put on your part for a better Internet.” In a society where banking “online” has managed to overcome the reluctance of those who consider a less secure environment and have more and more followers, security when making transactions, operating Exchange or funds is key. From the digital bank, Self Bank ensures that online banking “is safe, uses data encryption, layers of security and systems that detect anomalies and fraudulent uses.” However, we remember a series of tips to operate through the Internet:

1. Access from secure networks and terminals

When doing banking operations, choosing computers that we regularly use (home, work) is advisable, avoiding completely using computers or public Wi-Fi networks that could capture personal data. In the case that its use is strictly necessary, the best thing would be to change the bank passwords as soon as possible.

2. Do not save confidential data

You must never archive keys, account numbers, passwords, numbers of cards, or other confidential data on any computer.

3. Always keep the bank’s address

To access our online bank, we must always write the address in our web browser, avoiding accessing it from an unknown page or email.

4. Check that the page has a padlock

Once inside the page of our bank, we must check that the web is safe, seeing that there is a padlock in the browser bar. If it does not appear, it is not reliable.

5. Change keys frequently

Choosing a secure password is a crucial one. It must be long, with uppercase, lowercase, numbers, and special characters. It is necessary to use different keys and, for greater security, change them every two months.

6. Keep the computer virus-free

To improve the security of our computer, you must have installed a firewall and an antivirus to be protected against any form of malware.

7. Do not answer emails

Sometimes they come to the mail, pretending to be a bank requesting confidential data and passwords. We never have to respond to these emails and, if we have doubts, it is best to call the entity directly.

8. Check the security measures

The portal of a digital bank has certificates that guarantee the security of the system. In order to increase confidence, other measures have been developed, such as the blocking of accounts against anomalous movements, warnings of suspicious events, the request for numeric passwords sent to the mobile device, or the introduction of certain coordinates when carrying out operations, among others.

9. Control the accounts regularly

Digital banking allows access at any time to the accounts to check periodically that no strange movements occur and that the date and time of connection correspond to the last session started.

10. Close session

Once we have finished our operations, we must close the session and the browser. This way, we will complete online transactions correctly.

Some Precautions to consider

To better use Internet banking options, you must verify in advance at the bank what the protocol will be to activate you as a user of this service. Once the rules are clear, Condusef recommends that you follow the basic security measures to protect your accounts:

1. Avoid sharing the access codes (password).
2. Save the key generation devices (Token) in a safe place.
3. Request or activate the registration of cell phone alerts or emails.
4. Buy only in recognized or secure establishments (recognized sites “HTTPS”).
5. Schedule the movements you will make (payments, transfers, or operations) to avoid having the session open for a long time. Specify the operation and close your session. Never leave the session open, especially in public places such as the office.
6. Verify weekly or biweekly the account statement online to see that there are no strange charges.
7. Avoid the so-called cyber cafes.
8. Type directly the Internet address of the bank, avoid entering sessions through hyperlinks you receive.
9. Never open or respond to a pop-up window, or email (Phishing)
10. Uses updated antivirus and anti-spyware protection software.
11. Try to have different passwords for each service.
12. Periodically review registered accounts to make transfers and ensure that there are no accounts that were not registered.

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 travel industry is no stranger to adversity and has been seriously damaged by the novel virus. We have all witnessed leadership actions in companies that keep their people above water and focus on long-term growth. Most players in the industry have tapped into new sources of liquidity, instantly acted to retain customer goodwill, and worked effectively with unions. People have started focusing on innovation and making better customer experiences.

The impact of the coronavirus on the industry

The Corona Virus has changed the way we live and how we travel. Covid19 has brought ominous feelings about the future. Who would have even guessed that the industries and the world would have to face a crisis as severe as the pandemic in such a brief time? The insidious virus has cast a pall of fear, gloom, and demise throughout the world, leaving regions and countries without strategies and ways to deal with the pandemic. The local and international health organizations and the governments are taking responsible actions and responding at differing rates of speed to the spread of the deadly Corona Virus.

How long do we have to wait until things go back to normal? Will people be allowed to travel again safely? Do the tourism and hotel workers get to keep their jobs? Will all of this come to an end? Let us dive a little deep and understand how the virus has impacted the travel industry.

See how the virus has affected the travel industry:

Impact Number One

People wish to continue traveling again once the restrictions lift – some are ready to do it before the vaccine is available. China, South Korea, and some countries in Asia have effectively controlled the spread of the virus and have already started seeing leisure and business travel segments recovering domestically. While Germany and Europe have shown first signs of encouraging travel demand recovery, other geographies, including the United States, have not controlled the spread effectively. Despite the increase in the number of Covid19 patients, there has been an increase in advanced bookings and searches.

Impact Number Two

Due to the necessary safety precautions and public health measures like closures, quarantines, and other restrictions, chances are the leisure area may be limited to do anything purposeful at the destination. Correspondingly, most business travelers who are ready to fly again may be restricted by the corporate travel companies and their policies to focus on everybody’s safety and care.

Impact Number Three

There is an exceedingly high chance that working-from-anywhere can permanently blur the lines between business travel and leisure. The pandemic and the rise of remote work seem to be accelerating the growth of these travel segments. All the players across the travel value chain must think through all the critical implications.

Impact Number Four

The nonprice factor has become quite crucial to the customers. The industry is supposed to cover other terrains before the demand stimulates its way out of the crisis and instead restores the confidence of the traveler. The travel industry is only as strong as its weakest link, so the customers must be comfortable with all touchpoints in their journey.

Impact Number Five

A self-reported sentiment may not accurately reflect behavior and preferences despite being easy to gather, particularly when in the depth of the crisis. Therefore travel companies can’t rely only on stated preferences; they are supposed to advance how they keep a pulse on travelers’ activities through leading indicators.

Corona Virus’s impact on the world’s economies and livelihoods has vaulted from serious to catastrophic at the macro level. The USA’s exact development when claims from unemployment insurance increased over 6M inconsecutive weeks. In countries with large informal economies, government decrees aggravate the crisis by dictating self-isolation, social distancing, and the closure of nonessential businesses.

All in all

There is no doubt that the virus has hit the travel industry hard. With canceled flights and countries on lockdown, the hotel occupancy rates hit zero. The impact of the virus has been predominantly catastrophic for the tourism and travel sector. The statistics on international air travel show how the industry has come to an abrupt halt. However, the suspension is said to come to an end soon enough, and everyone shall get on with the everyday life we knew.

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.