December 2, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/what-is-blockchain-how-does-it-work-explainer-2017-11

From a ‘castle’ full of bitcoin millionaires to the initial coin offering (ICO) craze, it’s hard to escape the chatter about how some people are building their fortunes off the new world of cryptocurrencies. But behind those cryptocurrencies sits a technology called blockchains, which some people believe could fundamentally rewrite how transactions are handled online. With analysts at UBS estimating that blockchains could be a $300 billion to $400 billion global industry by 2027, it’s clear that regardless of what happens in the bitcoin bubble, blockchain technology is here to stay. Here’s what you need to know about blockchains, the technology that’s set to disrupt the world of contracts, finance, shipping and countless other industries. This article is filled with detailed information regarding blockchain technology.  A blockchain is a digital ledger that is distributed across the internet. This ledger is linked through cryptography, and are bound in a way that can’t be edited. Inside each block is transaction history for every transaction that’s ever occurred on the block. Blockchains are good for two things: recording events, and making sure that record is never erased. Blockchains in essence can remove the middle man through a smart contract or a self executing contract. What makes the blockchain unique is that the network is distributed as illustrated above. With a distributed network there is no one central server to attack. Ethereum is popular with startup companies, and Hyperledger Fabric allows large corporations to create blockchain projects. This article is a pretty in-depth analysis of blockchains, and I believe this technology will ultimately end up changing our future.

https://www.forbes.com/sites/gingerdean/2017/06/30/3-ways-to-start-living-on-half-your-income

Living on half your income. Impossible? No. Daunting? Yes. How do we accomplish this? With willpower made of steely determination and making major sacrifices. Add to that a dash of honesty, and you’re on your way. Easy, right? All joking aside, the obvious first step is to cut back on your spending, and the way you do that is by taking a hard look at your expenses. But first, let’s take a look at why anyone would want to save half of his or her income. The author advises that if you’re married pick one income stream to live on or save half of your combined income. If you’re single you’ll want to save half of your income. Three steps to take are: track your spending for 30 days, go on the no spend diet, and automate your savings. The no spend diet involves spending money on only the essentials, and not spending money on anything unnecessary. Should do this diet after tracking your spending for 30 days. After doing the first two steps, automate your savings to deduct bi-weekly or monthly. The author also recommends examining the amount spent when it comes to home, car, and children. Doing little steps can have big returns in the end. It’s important to manage your finances, and it begins with knowing how much you get paid per month, how much you have to pay, when you have to pay it, and how much is left over. When money comes in, go ahead and have a plan for it. What is your long term goal? Does it line up with your vision? What does retirement look like for you?

This week, I’ve included Wake Up Early|End Laziness|Motivational Speech Compilation |Morning Motivation|Success Motivation from the Be Inspired – Daily Motivation YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

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