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How To Get The Best Travel Experience

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Passionate Gamblers from around the world have something in common; they are always seeking out the best gambling experience for themselves. They understand that casinos are not just game houses, but a set up that play a crucial role in their vacation experience. As a result, you wouldn’t find them visiting just any casino. Instead, you will find keen gamblers dutifully searching out the best casinos in their vacation area, selecting the best before they move along to play. Some of them would rather play online with their favorite casinos like the ones in this list. That tells you something, gambling on vacation is an art.

Whether you see it or not, it’s not just about packing your bag for a trip; there are different sides to it that you must learn. This article guides you through the basics of gambling trips and the best casino bonuses in Ireland, and all you need to know about them.   

Look For The Best Deals

First things first, you should know, planning a gambling trip is not so difficult. It is almost the same thing as planning any other type of trip. But then, it requires a bit of planning so you can make the best out of it.

The first part of your planning should be to seek out the best deals. Now thanks to the internet, travel deals are easier to find than ever before. Unlike before, all you need now is a good internet connection and a well-written search on Google or Bing. If you also want to do it the old way, you can call the hotels and ask for their prices.

Whichever way you choose, do not jump on the first hotel that comes to your mind, the first show tickets you find, or the first flight that you see. Except if what you are planning is not a vacation, try to find as many deals as you can on the internet. Compare all the arrangements and see for yourself the one that allows you to cut some extra cash.

After setting the budget for your trip, as a rule, it is good to set a goal to spend only 80% of it. The remaining 20% will go for more games, dinners, and more exciting activities.  Here are a few tips to help you grab an excellent deal

  • Newspaper Travel Section

For many years, casinos in travel destinations have used newspapers to woo travelers. They believe their target audiences are those who read newspapers. So, you will always find gambling trip discounts in the travel section of most newspapers, notably the Los Angeles Times. As a plus, the articles are usually well written.

  • Make Your Hotel Bookings between Saturday and Thursday

This might sound odd, but it works. Hotel rooms are usually the cheapest on Sundays till Thursday nights, especially if you are going to places like Las Vegas. How come, you may ask?

You see, when it comes to hotel reservations, hotels are always trying to manage their revenue to make the highest profit. Therefore, pricing is usually based on demand and supply. 

To get the picture clearly, imagine there is a hotel with 100 rooms. That means the hotel has 365 days to earn revenue in 100 rooms. Assuming they do not have any guests on a particular day, they just lost one day out of 365 days, that is, 100 room nights of the total 36500 they have for the year.

Keep in mind that in business, every dollar counts. So, to make sure they do not have empty rooms, hotels usually drop their rooms’ prices when the demand is low. By having discounts on those days, they can woo people to get rooms.

However, when they have lots of rooms already booked, they can raise their prices to cover the discounts they already gave out. Let’s imagine the hotel now has 95 rooms booked. The management can decide to gamble with the remaining five by raising their prices. If people take them, more money; if they don’t, not much is lost.

During the weekend, casinos always have high occupancy rates, and so, they charge more per night compared to weekdays. The above is why a room might cost $40 on a Sunday, and the same room would cost $120 (three times more!) on Friday or Saturday.

Learn to play your Games before the trip

Most games at the casino are straightforward to play. In fact, learning to play them will only take a few minutes. But then, there is still a need to understand these games yourself before you embark on your trip.

The first step to understanding casino games is to know the options available to you. In most cases, the games are put into three categories, depending on how they are played. There are table games that are played on tables. You also have slot games that are played on machines. The final category requires you to predict a random number.

Table games include

  • Baccarat
  • Poker (Texas hold’em, Five-card draw, Omaha hold’em)
  • Blackjack
  • Roulette
  • Craps

Machine games include

  • Slot machines
  • Pachinko

Random number games include

  • Bingo
  • Keno

Remember, you will be playing these games offline, and so there won’t be game rules expressly written as you would have in online games. Also, these offline versions do not have free games; you’ll be paying real money the whole time. So, what do you do?

Read as many things as you can about playing the game on the internet. Also, try their online free play versions to understand what the games are about. You won’t win money while you won’t lose money, but you will gain a few things to help you with your trip. The few things you pick would help you avoid some mistakes that might cost you money when you finally hit the casino to play.

Finally, all casino games have a hidden clause called the house advantage. The house edge or house advantage is the long term advantage the casino has over players in all their games. What that means is, when you win at a game, you are only winning in the short term. In the long run, casino games have been designed, so the casino wins by a certain percentage from all players.

With a higher house edge, you have lesser wins from the casino game in the long run. However, there is usually a trade-off between your game’s simplicity and the game’s house edge. Simpler games like slots that require no strategies typically have higher house edges, usually 6% or more. More challenging games like blackjack with complex strategies generally have low house edges, like 0.5%.  

Keep a neat budget for gambling upfront.

Except you want to deceive yourself, losses are inevitable in casino games. So, before your trip starts, your planning should involve how much you are willing to lose to gambling during your trip. That would be your bankroll throughout the journey, and do not exceed this limit no matter what.

That’s an excellent place to start, but then you can go further by cutting that bankroll into smaller session bankrolls. That is, your budget for every gambling session you would have during your trip.

After that, you can now set win and loss limits for your games, which will be an exit plan of some sort for you at the casino. The idea here is, once you win or lose to a specific limit, you quit the game and game and go for something else.  

For instance, you can set a goal to win two single-number bets while not losing $200 stakes in roulette for one gaming session. That means, if you are paying $5 per bet, you have 40 gaming sessions, assuming you lose all. In roulette, the probability that you will hit the single number bets is 1 in 38. With 40 chances, you have a fair chance against the odds. If you win at least once, it will cover all your losses.

The idea here is, come up with your budget and a thoughtful plan that goes well with it.

It might not seem like a big deal to you, but then, it’s a decision that might save you from getting stranded during your trip. That’s because the design of casinos is such that they always want to collect money from you. The moment you enter through the door, you enter a new world of possibilities and adventure that doesn’t end until after you have lost all your money.

If you make some deviations from your plan in the worst-case scenario, the effects won’t be as hard as when you had none to start with.

Conclusion

Planning a casino trip is not a difficult thing. However, you must be ready to set some time for right thinking. Amongst other things, your budget remains the most important. Keep in mind that you will lose your money to gambling during your trip; however, you will lose your money unnecessarily without a good plan. Therefore, you need to make the best of your planning from your hotels to your games. 

How to Choose the Lowest Spread Forex Broker?

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When searching for the best broker, most traders focus on diversified commissions as that allows them to minimize trading costs. Yet, one must bear in mind that fees can also be hidden in spreads. That is why we have compiled a list of companies with the lowest spreads.

First, let us explain in short what a spread is. It is the difference between the bid and ask price of an asset. In practice, it is the key source of income for most brokerage services.

For traders, it is crucial to choose deals with low spreads as that reduces their expenses. Besides, when spreads are low, it is a sign that, at a current moment, volatility is low, while liquidity is increased. Consequently, it is the most beneficial moment to initiate trades. Besides, a trader should take into consideration that spreads depend on the asset. For example, for EURUSD, the spread is usually lower than for other pairs.

Another helpful prompt ― when choosing the lowest spread Forex broker, focus on average spreads rather than on minimal ones. Naturally, spreads will change throughout a session.

Again, many brokers offer extremely low spreads to attract as many clients as possible, but they do not mention that they charge an additional fee of about $1–5 for every lot.

To make your choice easier, we have singled out 5 reputable brokerage services with the most advantageous terms and compared them against spreads, commissions, deposit limits, and other aspects. Our top list includes Interactive Brokers, RoboForex, Admiral Markets, Tickmill, IC Markets. So, in terms of the lowest spreads, the winner is Interactive Brokers. Their spreads for the 5 most sought-after currency pairs are only 0.1 pips. But there is also a trading fee ― $2 per lot. Another great news is that this broker has set a $0 initial deposit limit for the overwhelming majority of clients. However, you can also safely choose any other company from our list.

Interactive Brokers Minimum Deposit: Easy Guidelines

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Interactive Brokers is an international trading platform with a base of more than 600,000 clients. Every day it attracts thousands of potential users. However, a part of them leaves without registration as they get puzzled by its complicated minimum deposit rules. Yet, when you read our guide up to the end, you will see that there is nothing complicated about it.

First of all, we must highlight that this service has different rules for different categories of clients. In general, for most users, there are no initial deposit requirements. But there are a few exceptions. So, those who want to create broker accounts must make a deposit of $10,000 within 8 months after registration. Besides, starting from the ninth month of use, they have to pay a monthly commission of $2,000. An Interactive Brokers minimum deposit for proprietary trading group accounts is $10,000. And, margin account owners must have at least $2,000 in their balance.

Another related issue is deposit fees. The good news is that there are no commissions for EFT, check, and wire deposits. If you want to trade USD and CAD, be ready to pay 1% (a minimum of $50) for depositing cash. Also, we must mention that users from Mexico must pay $100 for wire transactions.

One more point many clients are interested in is deposit currencies. In fact, this exchange is a perfect variant for those traders who use currencies other than US dollars. They accept 23 currencies, which means you will not have to waste money on conversion. For information, as a rule, other similar services accept a few currencies only.

Speaking about payment methods, you can choose between wire transactions (1–4 business days) and payments by cards (instantly).

Also, clients can take advantage of one free withdrawal per month.

As you can see, Interactive Brokers is a platform with comfortable and profitable terms of use. The main point is to find some time to dig into their rules.

Hauser Private Equity Has Second IPO of 2021

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Cincinnati based private equity fund, founded by Mark Hauser, is pleased to announce the successful IPO of their investment in AirSculpt in partnership with Vesey Street Capital Partners

CINCINNATI, Oct. 29, 2021 / HAUSER / —  AirSculpt Technologies, Inc. (“AirSculpt”), an industry leader and national provider of body contouring procedures delivering a premium consumer experience under its brand, Elite Body Sculpture, today announced the pricing of its initial public offering of 7,000,000 shares of its common stock at a price to the public of $11.00 per share (comprising 2,173,913 shares of common stock to be issued by the Company and 4,826,087 shares of common stock to be sold by certain selling stockholders).

The common stock is expected to begin trading on The Nasdaq Stock Market (“NASDAQ”) under the symbol “AIRS” on October 29, 2021, and the offering is expected to close on November 2, 2021, subject to customary closing conditions. AirSculpt® is patented body contouring technology only available at Elite Body Sculpture providing superior results while helping patients heal faster with significantly less bruising and trauma to the treated area.

AirSculpt® is a patented procedure developed by Aaron Rollins, M.D., founder of Elite Body Sculpture and cosmetic specialist in Beverly Hills. Dr. Rollins saw the need for a minimally invasive, virtually painless alternative to traditional fat removal procedures. He wanted to remove the fear and pain of fat removal by creating a technically advanced treatment delivered in a relaxed atmosphere. Today, the AirSculpt® procedure has been performed over 25,000 times.

Healthcare services focused private-equity firm, Vesey Street Capital Partners, acquired Elite Body Sculpture in 2019 with co-investment from Hauser Private Equity.

ABOUT ELITE BODY SCULPTURE

Elite Body Sculpture is a leading provider of minimally invasive body sculpting procedures. Through its proprietary AirSculpt™ technology, Elite Body Sculpture specializes in providing minimally invasive fat removal and fat transfer procedures. The procedure requires no needle, scalpel, stitches, or general anesthesia and provides for the shortest known recovery times in the industry. The company has headquarters in Miami, FL and procedures are currently provided across seven facilities in five states (CA, GA, IL, NY, and TX). For more information, please visit www.elitebodysculpture.com.

ABOUT VESEY STREET CAPITAL PARTNERS

VSCP is a private equity firm with substantial and differentiated healthcare services sector and sourcing expertise.  Specifically, VSCP specializes in middle market buyouts, with a focus on businesses with strong cash flow characteristics that create value for hospitals, physicians, and health insurers by enhancing efficiency, expanding productivity, reducing costs, and growing revenues.  Since its inception, the firm has deployed approximately $450 million in capital, primarily as a control investor. For more information, please visit www.vscpllc.com.

ABOUT HAUSER PRIVATE EQUITY

Hauser Private Equity is a private equity fund manager and co-investor formed to invest throughout the lower-middle and middle markets via partnerships with control buyout funds and with managers of growth equity and special situations funds. Hauser Private Equity leverages the multi-industry expertise of its Limited Partners to identify targets, grow companies, and enhance returns. Hauser Private Equity was founded by Mark Hauser and Paul Swanson and is based in Cincinnati, OH, operating offices in both Los Angeles, CA and Chicago, IL.

Tips For Travelling Abroad Safely This Winter

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If you’d asked us a year ago, we’d probably have predicted that the coronavirus pandemic would have ended by now. We also would have expected the travel industry to have resumed some normality. However, sadly for most of us, that is not the case.

Covid cases are on the rise again in many countries and territories around the world. This means traveling this winter will not come without its risks. However, that’s not to say that you can’t travel safely with a few extra precautions, taking a little more care than usual.

Follow these top tips and you’ll be ready to jet off to your favorite destination this winter.

Book Covid Tests In Advance

The UK requires negative coronavirus test results for re-entry back into the country, as well as a negative test to end enforced quarantine upon arrival. Medicspot’s day 2 lateral flow test is currently the easiest way to ensure you are healthy and compliant, ready for normal life to resume once you return from your travels.

Most destinations will require you to have booked and paid for private Covid-19 tests in advance of travel. So, be sure to do so in plenty of time to avoid delays or disruption. It’s likely that demand for private tests will increase as winter creeps in (viruses travel better in cold weather). This means booking as early as possible will help to provide peace of mind.

Pack Plenty Of PPE

Even if you don’t need to wear a mask through mandatory requirements on your chosen transport mode or at your destination, it is always worth packing some just in case. PPE requirements change all the time and should you be in a tourist destination as they do so, you may find prices inflate heavily to take advantage of travelers.

Most airlines currently require face masks to be worn by both staff and travellers, but individual policies vary. The age at which requirements for children are enforced also varies and should be checked ahead of travel. PPE exemptions that are accepted in the UK such as the hidden disabilities sunflower scheme, are not applicable elsewhere in the world.

Ensure You Understand Local Requirements

Every country and territory in the world has different travel requirements. These requirements are there for the purpose of safety around coronavirus, and other diseases and health issues. Local rules and regulations are updated regularly on the GOV.UK Foreign Travel Advice website, and should be checked before departure.

No traveler should ever assume that the restrictions and rules they follow at home will suffice elsewhere, even if they are not travelling abroad. It is also worth noting the address and contact details of the nearest embassy or advice office when travelling. This ensures if you do need further guidance, you’re able to obtain it without too much hassle.

Keep Copies Of Important Documents

It should go without saying, even when we’re not in the midst of a global pandemic, that some documents you need to travel with are important. There are many countries and destinations that require travelers to carry a passport or other identification at all times. However, for safety reasons, this may not be the best idea.

Instead, taking photocopies of documents should suffice. If required you can present the full doc when needed later on at an embassy or police station. It’s also worth carrying copies of your tickets and visas in case of loss or theft.

Covid-19 has taken so much from so many already. Let it not rid us of travel too. Enjoy exploring again, just play it safe by following the tips above.

Positive or Negative? The Importance of Finding Out

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Tick tick tick goes the clock and with the striking of each new second, the possibility of a life-changing event follows closely behind. A possibility so huge we would hardly have imagined.

Approximately three years ago, about 90% of the world had no clue what Coronavirus was or if it could affect our lives in any way. Passively we scrolled past the news of an emerging virus in Wuhan but the story has changed dramatically, “the new normal” has come to stay.

The effects of the coronavirus pandemic on every aspect of human life can’t be overemphasized, from global economic meltdowns to the loss of outrageous numbers of human lives staring at us right in our faces. In one way or another, practically every breathing human on the planet has or is still having a fair share of the brutal lashes of a global pandemic like none other in the course of human history. This glaring threat to human existence makes It no surprise to see governments around the world struggling to ensure humanity escapes another near extinction experience, a struggle made more complex by the unique features of the Covid 19 virus.

One unique complication of the novel Covid 19 virus that has proven to be a difficult nut to crack is the ease of infection or transmission from one person to another. Current evidence strongly indicates that the virus typically spreads between people who are within close contact with each other, typically within 1 metre. Infection passes from one person to another when aerosols or droplets that contain the virus from an already infected person are inhaled or come directly into contact with the eyes, nose, or mouth of another person. More evidence suggests that the virus can also spread in poorly ventilated and/or crowded indoor settings, where people tend to spend longer periods of time. This is because aerosols remain suspended in the air or travel farther than 1 metre. Sadly, Infection has become pegged to daily activities that highlight our humanity.

An easy way not to get infected should be to stay away from persons displaying the symptoms of the virus, sadly it’s not that straightforward as several reports have indicated that an infected person can be asymptomatic. This implies that infected people can transmit the virus even when they don’t have symptoms.

This singular fact highlights why it is absolutely important that all people who are infected are identified by testing, isolated, and, depending on the severity of their disease, receive medical care. Like in countless places over the world, covid testing in Orange Country has become a necessity to guarantee individual safety as well as that of loved ones. Positive or negative? We all owe it to humanity’s existence to find out. Let’s get tested and save the world together.

How Can Plastic Surgery Help You?

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Plastic surgery is mainly done to improve your appearance. While the main reason for the surgery is to enhance appearance, it may also have some health benefits.

Most plastic surgeons focus on reconstructive procedures to help people with injuries, birth disorders, burns, or illnesses.

If you’re planning to get surgery for yourself, visit the best plastic surgeon in Newport Beach to work out the best possible options you can get.

This article will talk about plastic surgery and how you can benefit from it.

Plastic Surgery

As discussed before, plastic surgeries are constructive and mainly carried out to correct abnormalities caused by trauma, aging, defects, and diseases. The primary goal is improving body function.

Many confuse this with cosmetic surgery, which is done to improve the aesthetic appearance instead.

Ideal Candidate For Plastic Surgery

Generally, two types of patients need reconstructive surgery:

  • People with congenital anomalies, including hand deformities and cleft lip
  • People with developmental disabilities due to infection, aging, accident, or disease

Common Types Of Plastic Surgery

Some common procedures include:

  • Hair replacement
  • Nose reshaping
  • Nasal surgery
  • Reshaping the ear
  • Eyelid lift
  • Facelift
  • Forehead lift

Benefits

Let’s first go through the health benefits:

  • Improves vision: Drooping eyelids due to muscle loosening in old age may hinder one’s vision. In such cases, plastic surgery can help lift eyelids and improve vision.
  • Makes breathing easier: Some surgeries help ease  problems  such as snoring and breathing difficulty.
  • Helps control weight: Procedures such as liposuction and tummy tucks help you lose additional weight. This may motivate you to maintain a proper diet and include exercise in your routine to regain those excess pounds. Losing weight also reduces the risk of metabolic disorders, including diabetes. Moreover, it may also help you look slimmer, improving your overall look.
  • Gives healthy-looking skin: A skin graft helps if you have scars from burns or wounds. This surgery replaces the scar with healthy skin from an unaffected area.

Other Benefits

  • Improves self-esteem
  • Enhances public image
  • Promotes a positive mind frame

Clearly, reconstructive surgery offers not only health improvement but also psychological benefits.

Preparing For Plastic Surgery

Precautions and preparations will depend on the surgery and the type of anesthesia that will be used.

You may discuss the following with your surgeon:

  • Medicines you are taking and if you need to stop some of them before and after the procedure
  • The duration for which you need to stop eating and drinking before and/or after the procedure
  • Don’t wear contact lenses on the day of the procedure
  • Don’t use makeup on the day of surgery
  • You can enquire about dentures or any other prosthetic device you may using
  • You won’t be able to drive after the procedure. So make sure you have someone to drive you back

Final Thoughts

Plastic surgery can help improve your health and also offer psychological benefits. But before making any decision, clear all your doubts and discuss any concerns you may have with your surgeon.

Is eToro one of The Biggest Crypto Players?

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Before cryptocurrency became popular the old financial and government systems dominated transactions across the world. Then along came the concept of free-market currency that anybody could deal in and make payments with. 

A financial revolution was born, and since its conception, there are now many different currencies and platforms to invest and trade with. Alongside a general guide to trading, this eToro review may be useful to many people who are still learning and maybe interested in cryptocurrencies.

One of the concerns of potential investors is the lack of regulation that crypto has but as the popularity rose over the years many people gained confidence in this exciting new platform.

And now with many big-name businesses and financial institutions accepting payment in crypto, it has become more mainstream and has become a huge global phenomenon. With no real signs of slowing down and only increasing in its popularity.

But where and when did it truly start?

The Origins of Digital Currency And Its Rapid Growth

As early as 1998 the idea of a digital currency was being put forward, but due to the lack of trust of potential consumers, it took a full ten years to come to fruition with the launch of Bitcoin.

Not many people are sure of the origins but the name Satoshi Nakamoto is the name most heavily linked to its creation. Although it is generally believed to be a group of people rather than one person who devised Bitcoin, that is still unknown today and the world is in the dark concerning its origins.

Whilst Bitcoin may have been the first and most popular cryptocurrency many more have emerged since there are now over 7800 different currencies on the market available to purchase and trade with. Some of the most popular and successful include:

  • Bitcoin
  • Ripple
  • Cardano
  • Ethereum
  • Litecoin
  • Stellar

What is eToro And How Can You Trade With Them?

The trading platform launched in 2006 in Israel and allows you to trade cryptocurrencies, shares, gold, and oil stocks and also provides a forex service. Some people compare it to a sort of social media and trading platform, this allows other users to view and copy the trades that are made and the ability to copy them if they feel it is a good investment. 

This is encouraged and makes it easier for novice investors to gain an insight into how to make money and learn to invest wisely. Trading with the eToro platform is an easy process, creating an account takes only minutes and can be accessed after using your Google or Facebook login details. 

All that is required is a form of national identification and the deposit of cash from a credit card or some other internationally recognized financial institution. Providing that everything checks out you can begin trading in a very short space of time, allowing you access to multiple markets almost immediately. 

But Just How Easy is it to Begin Making Money? 

As with any trading company, it is unrealistic to begin immediately making money but the beauty of eToro is you can deposit a small amount to start with and begin the adventure of cryptocurrency trading. Unlike many other companies that require large deposits, it is tailored to beginners and professionals alike. 

Any investment is inherent with risk, but being able to see and follow other investors who are performing well is a great platform to help you if you are unsure of the investment you are looking to place. Oil and gold can also be volatile depending on the current world demand and political environment, cryptocurrency can also be volatile but is still seen as a long-term safe bet by many. 

Researching the current traders on eToro is vital, if they only trade once or twice a year then keep digging and find somebody and follow them who trades regularly. To start with research is the best tool at your disposal, the same with any financial transaction they may be thinking of making.

Is it Safe And Legal to Trade on The eToro Platform?

The eToro platform is a well-respected and trusted company used by many online traders both in Israel and around the world. With regulatory authorities from the United States, to Australia, and the United Kingdom endorsing the platform among many other countries allowing transactions from their respective territories.

With a high level of security, trust can be guaranteed when making a trade using eToro. The legality is not questionable with so many countries endorsing the use and after a high level of corporate inspection, there are no issues to be concerned about. 

As with most popular trading platforms, the relevant authorities monitor and check for any wrongdoing, none has been found with eToro. Any transaction found to be irregular or unlawful will not be processed which gives the company a high industry standard and ensures success for both the client and company alike.

Other Than Crypto Which Other Investments Can be Made on eToro? 

Other than just crypto trading eToro is a reliable and trusted platform for trading in many other fields, these include mineral trading, forex, and oil stock purchases. The eToro site offers multiple options to buy and sell many different stocks and shares from all over the world, every transaction is secure and guaranteed to process.

With such a wide range of options and security, eToro is an industry leader and with a proven track record of being reliable to their clients, the reputation is well deserved.

It is not easy to find such a well-regulated and trustworthy firm to trade with as many different financial services as eToro. Whether it is crypto or forex the transaction is guaranteed and secure from outside interference from the government, as with any crypto exchange it can remain anonymous.

What Is The Future For eToro and The Crypto Business?

The future never has any promises but it would appear that cryptocurrency and companies like eToro have a bright future and will be able to continue trading much to the delight of its millions of users. 

With the markets fluctuating regularly there is still a trend that shows growth, as with any investment its value can change daily but so long as its long-term growth and projection continue to impress it is worth sticking with. With eToro you can follow experienced investors and make informed decisions on any investment you wish to make, free advice.

With many countries wishing to impose regulation on cryptocurrencies it is hard to see that it will not happen at some point, the United States is pressing hard on this issue as are many other governments around the world. But investors should not worry, it could take years and there is expected growth to be gained, also it may never happen, cryptocurrency is here to stay, not just for the short term but the long term also.

Conclusion

The trading market is worth billions and eToro is one of the industry leaders especially when it comes to crypto trading, a trusted and well-regulated company that can take care of a measure of financial investment needs.

Whilst sometimes volatile markets can change rapidly but by being able to follow successful traders through their platform you stand a good chance of learning and making a profit. 

The Top Mistakes in Bookkeeping Small Business Enterprises Make – and How to Avoid Them

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There are many tasks and duties you may have to fulfil as the owner or manager of a small business, and bookkeeping may not be one of your favourites. This is entirely normal, as not many of us are adept or well-versed in bookkeeping, and it’s often seen as a tiresome endeavour fraught with challenges and complexities. But if you are in charge of this task and want more than anything to do it right, one of the keys is to avoid specific common errors that many people make. So what are the top mistakes in bookkeeping small business enterprises make? More importantly, how can you prevent them? Let’s find out.

  1.  Neglecting to record deductible expenditures

As a business owner or manager, it’s essential to keep track of everything – every transaction – including all your expenses, even if it seems minute. Seemingly small transactions and amounts can still add up over time, so make it a point to keep a record of all your deductible expenditures. It doesn’t have to be too difficult, either – write them down as you get the receipts, and make sure to ask for the receipt with every single transaction.

  • Not keeping all receipts, no matter how ‘insignificant’

It’s related to neglecting to record all deductible expenditures – make it a point to keep all your receipts, regardless of how small the amounts are. You may be able to claim on these receipts come tax time, so it’s worth storing it all. You can place them in a specific box, file, or drawer and make use of them when the time comes.

  • Neglecting to have backups of your data

More than a few business enterprises have made this mistake – and faced disastrous consequences. It’s also essential to have backups of your financial data on your computer because where will you be if your entire system crashes or breaks down? It’s easy to lose every business record if you don’t have a secure backup in place, so back it up as soon as you log it in, as recommended by accountants in central London at Griffin, Stone, Moscrop & Co.

  • Trying to deal with bookkeeping all on your own

There is a certain ‘art’ to bookkeeping that most of us take for granted, but it’s a process that can take a lot of precious time (and patience). If you try to deal with your bookkeeping requirements independently, you may be doing yourself a disfavour. So do yourself a favour and seek help from a bookkeeper or small business bookkeeping service. By doing so, you can avoid more crucial mistakes and errors and save your time for other worthwhile endeavours.

  • Not having hard copies

Whilst storing everything in an in-house system or on the cloud is already a given, it also pays to have hard copies of all your financial records. If the entire system fails or goes down, you will at least have your hard copies to which you can refer. Store them in a safe and secure place.

  • Not being careful with your petty cash

Small amounts of cash may seem insignificant, but they can also add up. So take better control of your petty cash and be careful with it – you never know when you might need it for a rainy day.

Image attributed to Pixabay.com

5 Money-Spending Habits That Can Harm Your Finances

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Financial security is highly imperative for everyone. If you are not secure financially, it can lead to problems and being in debt. One of the reasons why people are financially unstable is their bad financial habits. The money-spending or using habits that we have can sometimes be the cause of destruction and pain in our lives.

If you are not careful about these bad habits regarding money, you can pay a lot more in taxes than needed. You can empty your entire savings to pay a debt, leaving you with no cash to use in emergencies.

However, like every bad habit, you can break the bad financial habits you have too. To do that, first, you need to know what money spending habits are harming your finances. In this blog, we will learn about them and how to break them.

  1. Spending money unwisely

Do you know that every day, most people spend around $50 on unnecessary things? From happy hours to unlimited coffee, they spend money on things that can create chaos in their budget. If you calculate this amount, it becomes $180000, which is a massive amount.

It reduces your cash flow, which you could have used to pay debts or invest in stocks or more.

To break this habit:

Use cash or debit cards to buy things, preferably former. No credit card as you can buy numerous things using credit cards without paying any attention to the consequences. When you use cash, you know that you have a limited supply and thus will curb unnecessary spending.

Manage subscription: Do you need a subscription to every TV streaming app or channel? No! You don’t! Thus, review that and manage your subscriptions.

Cook and brew coffee at home: Takeouts can put a dent in your budget. So does getting coffee from a cafe every day. Thus, start cooking at home and brewing coffee at home too.

2. You do not save money.

Another bad habit is to spend all your money without saving even 10% of the total amount you have. If you do not start saving now, it can be a problem in the future.

To break this habit:

  • Pay a part of the salary or money you have to your future self. It can be 20-30%, depending upon your needs and budget. The rest of the money you have, you can use however you want, but after making a budget. It will ensure that you do not spend without any thought.
  • Also, the money you set aside for the future should be in a savings account in a bank. Banks like the great southern bank (formerly CUA) have the best interest rates, increasing the amount you save. Also, you can use a small percentage of that amount to invest in stocks or other schemes.

3. Having insurance that you do not need

Having insurance is a good thing. It can help you with many challenging situations. But the thing is, having numerous insurance policies is never a great idea. Why? Because you are paying installments for something that you do not need. That amount you will never get back, which is a waste of money.

To break this habit:

Read the fine print and think deeply before paying insurance. For instance, why pay for car insurance when you know that the said car does not have much life.

4. Not having an emergency fund.

Emergencies do not tell and come. They just come! And when that happens, you do not want to dip into your savings.

To break this habit:

  • Make an emergency fund separate from your other savings or checking account.
  • Keep adding the amount in it now and then. If you break it for any reason, make sure you replenish it properly.

5. Using credit cards frequently.

Once in a while, if you buy things on credit, it is fine. But if you make a habit of buying every big or little thing using a credit card, that can be a problem. With credit cards, you can buy numerous things and worry about paying it later.

To break this habit:

  • Try to limit using credit cards. Go for cash instead.

Hopefully, these tips will help you break free from these habits and have better finances.

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