Three “Money Moves” While at Home | Transactions That Matter

A real working internet connection turns your home into a bank.

For someone who creates relationships through selling, being restricted from my prospective buyers was a haunting circumstance. The idea of staying at home stormed my mind with rephrased versions of the question: How do I keep my monthly cash flow running while in quarantine? 

It was hard at first, just like everything that is rewarding. Disclaimer: I am not a Financial Guru. But these are three of the money moves I made in 2020 to be fiscally fit while being physiologically healthy at home amid the Covid-19 pandemic. 

Buying IPO Shares

This might be the most daring impulse the lockdown made me do, but as what they say: Life is for those who dare. 

“An initial public offering (IPO) is a process in which a company sells its shares of ownership to the public for the first time.” Read more about IPO here: https://grit.ph/ipo/

Using a humble slice from my emergency fund, I bought an IPO share of a supermarket chain. It made sense for me to invest in a company that sells essential and pharmaceutical needs. I thought that the demand for these products would be high in a pandemic. After six months, its value is now seven times more. 

Two ways to earn when investing in stocks.

Read more about investing in stocks. Create a Philippine Stocks Exchange account ( https://easy.pse.com.ph/). Open an online stock brokerage account now. Download its App. Fund it with an amount you can dare to invest. Buy shares. Join several Traders’ Group on social media to read about their experiences. Monitor the movement not just daily, but per trading. Learn it by doing with a reliable internet connection at home. 

Rekindling my Love for Cryptocoins 

When you are able to trace the Evolution of Money, from the Barter system to printed paper money up to the latest QR code payment mechanism, you would definitely buy the concept of Cryptocurrency like I did. I owned some values of it last 2015. That was not as traded as Bitcoin yet. In fact, it was still at its pre-Initial Coin Offering stage. I fell out of love with it over the pre-Covid years, though. I forgot about it. Completely. 

Think of Cryptocurrencies as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service (https://www.nerdwallet.com/article/investing/cryptocurrency-7-things-to-know) Image from: https://blog.rsisecurity.com

When the quarantine started, people stayed online longer while staying at home. Hence, the digital currency industry was somewhat given a rebirth. I dug in my account details from my previous email and revisited my coded coins. With a reliable internet connection at home, I was able to reactivate my account. The coins were still there, six years old, rediscovered with a higher value. 

Read more about Cryptocurrency. Pick a trading app. Open an account and fund it as you can tolerate. You can own a little bit of every coin on display. Be a user of your coin too. Use some when you buy online. Usability helps it to survive and appreciate. 

Achieving Zero Liability

Yes! It might be the best time to pay off your debt when there is a pandemic. Read more about the Credit Card Amnesty Program in the Philippines. 

The same year I owned my first crypto money, I also received my first credit card. It was euphoric. That year was the splurging peak of my money behavior. I maxed the limit out in forty- five days. Coincidentally, a budgetary problem plagued the family that same year, and I had to shoulder the clan’s expenditure for a longer time than I expected. My expenses were greater than my base pay and incentives combined. Then, the bank collector started phoning me. It was noisy. With my balance unpaid over the years, my liability had gone four times higher. The collector started sending emails to me. It was choking. 

Despite this, I never really stopped communicating with them. Being at the other side of the line AT ALL TIMES was the only leverage I knew to be offered with less noisy and choking terms, if not an emancipating amnesty program. 

My constant friendly replies to the agent worked out at last. Due to the pandemic, the bank offered an amnesty arrangement. I was asked to settle ten percent of my obesed debt to certify my name with a fully paid account. I paid it the soonest I could.

Every debt has its premise and promise. Whenever you are in debt, my advice is never to the other side feel disconnected. The connection you have with the collecting agent is a prelude to paying right. Consequently, paying full. Thereby claiming once again a glorious reputation of your name. That matters. Finally, it is dulcet and harmonious now. That was the longest negotiation in my life.

A real working internet connection turns your home into a bank.
Trusting a working internet connection at home is synonymous not just to the growth, minimal or exponential of your assets.

Despite a world health crisis, one must push through with transactions, may it be trading, value investing, or simply paying. With all the transactions which succeeded last year, I realized that trusting a working internet connection at home is synonymous not just to the mere survival of your funds but to the growth, minimal or exponential of your assets. Indeed, a real working internet connection turned our home into a bank, ran every money movement that matters. 

First Blockchain-dedicated Co-working Hub in PH opens in Davao City

“Kadena Hub” will house, incubate and accelerate upcoming startups in Davao City in a 120-people capacity modern-industrial space.

Do you have that Blockchain-inspired startup in mind? “Kadena Hub” is where to pitch for funding.

TraXion, as one of its ways to transition the Philippines to a crypto-ready country, is set to open “Kadena Hub” this January 15, 2019 which will serve as the Philippines’ First Blockchain Incubation Hub and Center of Excellence.

TraXion Logo

TraXion is a transaction management company that utilizes blockchain technology to effectively tackle all the major concerns associated with financial services platforms in agriculture and micro-entrepreneurship.

Located at Mabini corner Araullo St., Barangay 9-A, Poblacion, Davao City , “Kadena Hub” will house, incubate and accelerate upcoming startups in Davao City in a 120-people capacity modern-industrial space. By January 2019, the hub will start to train young developers in the field of Blockchain and Artificial Intelligence.

“A lot of innovative projects focused on blockchain will be housed here to support our growing network from Mindanao. The hub will enable startups to have an access to technology, digital asset, network, market, mentorship and of course funding! We welcome startups this coming 15th of January to check us out and apply for incubation, “ Ann Lindayag, Traxion CEO said.

Kadena Hub is one of the projects of TraXion under “One Mindanao” program which sees an opportunity to create an inclusive ecosystem that connects the smallest micro-entrepreneurs to the largest businesses in Mindanao, creating one economic force in the region.

 

 

If you are on Facebook, These are Reasons Why You Should Trade-off Some of Your Savings to Cryptocurrencies

What if the next time you surf, the Internet could convert and organize currencies “efficiently charge-less” because of ONE digital asset you started to own today?

Mark Zuckerberg’s innovation erupted the social media bandwagon. In fact,  Facebook has been such the friendliest tutor for then-offline people to be Internet literate. Its active members are living proofs that exchange of messages and media (Video, Photos, Soundtrack) could actually be FREE, making Telecommunication Companies fear their services (Call, SMS, MMS) to be obsolete in years from now.

However, what if the next time you surf, the Internet could convert and organize (transfer/ purchase, withdraw, deposit) currencies efficiently and charge-less because of a digital asset you start owning today?

Sounds like a scam? Read back the first paragraph. More over, PayPal, when introduced was deemed fraudulent too. Now, online job incentives and purchases are processed through it. One more thing, Online banking is promoted now by your banks. Only, both place whopping charges and a bit procrastinating.

Stop reading this further when you are satisfied with your dormant money in banks or strategist-managed stock market ventures. Do not even read a word more when you do not have faith (until now) to the unknown possibilities the Technology is yet to divulge. This is about the  financial world cohabiting with online media in the Internet. Their synergy!

Cryptocurrency.  A currency in the Internet form. These are unique codes (algorithm) which when solved (mine) posses an intrinsic value (solution/coin). A medium of exchange which nominal value is determined by the number and rate of acquirers through the process of mining a predetermined, publicly known number of coins in a created system. To the average thinking adult: These are codes with values. Values are influenced by the community who agreed to consider it as a means of exchanging resources.

So why would you swap a tolerable slice of your money now to Cryptocurrency?

CRYPTOCURRENCY HAS COME TO ITS ERA

The success of Bitcoin startled the era of transactions using online currency. Since then, it served as the basis for innovations. Coins before were hard to earn due to costly equipments and the need of skillful IT professionals. Before, cryptocurrency were just for the wealthy who can fund the hardware pieces and the experts who know the science of the process.

12999636_10209335380849422_337658244_o
The history of Money.

EVOLUTION OF PAYMENTS

Years ago, we were reluctant in buying what we desire through the screen and keyboard. Now, I’m sure you know about Lazada, Ebay, and Alibaba. Reflect how you did not notice how commerce had evolved from Barter System to Paper Money to Codes with values.  As learned consumers, we would then find a payment mode which would help us save by eradicating transaction charges. As learned currency organizers, we would then find a medium of transfer that does not let us fall in line like ants inside the bank or wait 3 to 5 days to receive the much needed remittances. Digital Money solves those.

SAVINGS DIVERSIFICATION

There is no such investment instrument precisely predetermined as safe. It is always about the battle of risks and returns. As that classic investment tip teaches, sparing a fraction of your savings to be converted as a digital money is just in a way allocating some of your income to a promising investment instrument. A bit of everything.

BE A MILLIONAIRE

The financial science of digital money is, when you earn the coin earlier than everyone else, it is still cheaper. As the coin hopefuls increase, the chances of earning the coin lessens. This ignites scarcity based to the available pieces of coins programmed to be mined. When majority is still studying about this breakthrough, you are already teaching them about it while earning. Thus, start learning about it now.

LEGACY

Just like any will-able asset, owning digital money today makes your clan thank you someday. Cryptocurrencies are recorded through Blockchain with unique algorithm (codes). As this technology continues to flourish to the generation of your offspring’s offspring, there is indeed a lot digital money can promise in the future.

12992346_10209300874466784_1781271094_nWhat is elusive about the benefits of technology is, you will never know it succeeded until one day you are already behind the comforts it resulted. Then you chase. Do not be left behind. Own at least a bit of cryptocurrency now.