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Better.com troubles continue as top executives leave the company

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Online mortgage lender better.com’s downward spiral continues as four more top executives leave the company. The embattled company has been in hot water ever since news broke in December of 2021 that the company decided to lay off 900 employees.

Given the size of that number represented 9% of the company’s workforce which is pretty significant. This move left investors skeptical about the internal operations of the company and what was going on.

This news made headlines at the time and images of the firing incident were trending on the internet. It seems as if trouble never quite left the company ever since.

To make matters worse, there are rumors that the company is preparing to lay off between 40-50% of its workforce in March of 2022. Despite the layoffs, it seems as if the company is trying to stay afloat by cutting costs and hiring cheap labor elsewhere from countries such as India.

For a company that hasn’t gone public as yet, it will be fascinating to see how this plays out. The company’s $6.9 billion deal which was to happen in December of 2021 has been delayed and it’s obvious why at this point.

The company had a very poor fourth quarter with net losses at approximately $182 million and revenue fell as much as 22% from the previous quarter.

Managing Your Money When You’re Broke

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Budgeting money is rarely easy, but it’s especially difficult when you don’t have enough of it to even pay all of your bills. You might be between jobs or simply have a job that doesn’t pay well enough to address all of your expenses. Either way, it’s important to change how you spend your money when you’re so short on funds.

Follow these steps for effective money management when you’re seriously broke:

  1. Be proactive – Don’t wait until the collection agencies start calling. They are relentless and aren’t known for being understanding. They only get paid when you pay them, so you can see where their priorities lie.
    • Call your creditors as soon as you can see that you won’t be able to make a payment. You might be able to work out some sort of an extension or get reduced payments for a while.
  2. Prioritize – Life is all about priorities. Look at how much money you have available and then prioritize your bills accordingly. Typically, your mortgage, basic utilities, insurance and food will come first. Credit cards are usually last on the list.
    • Consider the consequences of not paying each bill and make a decision.
    • Do this step after you’ve contacted your creditors. Your decisions might be different, depending on their responses. Now is the time to ruthlessly cut all your unnecessary expenses. Austerity has its time and place, and the time is now.
  3. Cut back on your savings plan – This might be the one time to stop saving part of your paycheck. The expense and ramifications of not paying your bills might be too great to cut yourself even shorter to make your savings payment.
    • You’ve always heard to pay yourself first, but sometimes that’s not appropriate.
  4. Avoid relying on credit – When cash is short, it’s a common practice to start using credit cards to replace a paycheck. The cost of this money can be incredibly high, and this debt is difficult to eliminate later on. Don’t fall into the trap of viewing credit as a viable solution.
    • Consider how much you’re normally able to save and then project how long it would take to pay off this new debt. You already have more debt than you can handle. It doesn’t make sense to add even more to the equation.
  5. Create more income – If you don’t have a job, take anything you can get for the time being. If you do have a job, consider adding a second job or getting some overtime. If you have stuff lying around the house that you don’t need, it might be wise to sell it.
    • The less you fall behind now, the easier it will be to catch up later.
  6. Make a new budget – This might be the last thing you’re in the mood to do, but either your financial circumstances have changed or your current budget isn’t working. Both reasons suggest that a new budget is required. Take a look at your income and bills and make some smart choices. Remember that it’s all about prioritizing intelligently.

In stressful times like these, it’s easy to succumb to your anxiety and not take action, but understand that this course of action will only make your challenges greater in the future.

Take a deep breath and do everything you can to get yourself back on track financially. You’ll be surprised how much you can accomplish when you really focus your intention and energy on solutions.

Prioritize your bills, increase your income, and make a new budget. Things will be better before you know it.

10 high earning tech skills that can land you a remote job

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It’s a fascinating time to be alive, we can access any information we want at our fingertips. The internet has brought a lot of benefits to our society despite the myriad of challenges pointed out by experts.

Depending on who you are, it can be your worst enemy or it can be a library to satisfy your intellectual pursuit. It’s a tool and like all other tools, it should be used with moderation.

Due to the internet and the accessibility to information from experts around the world. We too can become a real expert or an armchair one who might dabble in certain topics for a brief period of time.

If you make it as a means to an end to learn a tech skill that is valuable, the world is open up to you. One of the main problems facing the software industry is not having enough skilled individuals to fill the talent gap.

Thus, recruiters have to be searching for remote engineers to fill a certain spot. This pain in the market has opened up a whole new level of opportunities for skilled workers from around the world.

Interestingly, we have reached a point where you don’t even need a degree anymore. You just need to do the job and do it well and depending on the skill you want to learn; it can be achievable.

If you are concerned about qualifications, you can get certificates online after completing couple of courses being offered by large tech companies such as Google, Amazon, and others.

Most of them are free, you also have education companies offering courses and certificates for free. In this post, I want to talk about 10 high-earning tech skills you can learn and earn money remotely.

Effort is Required

Despite the jobs pointed out below, it will not be an easy task to learn any of them. If you don’t have a tech background or you are not motivated to put in the work to get competent, it might be a waste of your time.

If you are motivated and have the burning spirit to give it a try, it will carry you through a lot of the ups and downs.

Additionally, it will take some time to get competent, depending on where you are and previous experience, it might take 12 months of continuous work or between 2-3 years to get good at what you do.

Despite the obstacles, it is doable as I have seen persons making life-changing money from a year of relentlessly learning a skill without any prior experience. Let’s get to it.

Cloud Engineer

Salary: $100,000 per year

As most businesses move to the cloud environment and startups scale, cloud engineers will be needed to do the heavy lifting of the backend environment. The cloud is basically an offsite server center usually managed by an outside company to host your company’s data.

Depending on where you work or where you are, a cloud engineer could be seen as a field by itself with other sub careers under it such as cloud developer, cloud architect, cloud security engineer, and many other careers which are not too far from each other in terms of responsibilities, so you can learn one or two of these skills in your spare time.

Roles:

  • Collaborating with engineering and development teams to evaluate and identify optimal cloud solutions.
  • Modifying and improving existing systems.
  • Educating teams on the implementation of new cloud technologies and initiatives.
  • Designing, developing and deploying modular cloud-based systems.
  • Ensuring efficient functioning of data storage and processing functions in accordance with company security policies and best practices in cloud security.

Database Administrator

Salary: $90,000 per year

Database Administrators will be working on the backend side of the organization. Similar to a Cloud Engineer, they will be needed to work with information coming into the business. Databases are information storage systems that are normally recorded into a tabular format similar to an excel spreadsheet.

This information could be anything from a username to images. Typically, you will be working with a database management system to handle the complexity of all the different databases a company might have.

Due to the cloud, you will be working with cloud engineers, and over time you could be seen as one due to the fact that the tasks tend to overlap.

Roles:

  • Managing, monitoring and maintaining company databases
  • Making requested changes, updates and modifications to database structure and data
  • Ensuring database security, integrity, stability and system availability
  • Maintaining database backup and recovery infrastructure

Frontend Developer

Salary: $100,000 per year

Frontend development is one of the most popular developer jobs given its accessibility and demand within the job market. As a frontend developer, you will be tasked to develop the frontend part or user interaction part of an application.

For example, the part of a website that we usually see when we click on a web page is developed by a frontend developer.

Due to the demand and accessibility in terms of information provided on the internet, it can be competitive.

Roles:

  • Determining the structure and design of web pages.
  • Ensuring user experience determines design choices.
  • Developing features to enhance the user experience.
  • Striking a balance between functional and aesthetic design.
  • Ensuring web design is optimized for smartphones.

Backend Developer

Salary: $110,000 per year

Backend development is the mere opposite of frontend development, you will be developing the backend part of the application. As a backend developer, you will be working closely with the database administrator and cloud engineers to ensure that the backend performance is optimal.

You will also be working with frontend developers to ensure that data is flowing from the frontend part of a website to the backend.

Roles:

  • Building and maintaining web applications
  • Assessing the efficiency and speed of current applications
  • Writing high-quality code
  • Managing hosting environments
  • QA testing
  • Troubleshooting and debugging

Mobile Application Developer

Salary: $110,000 per year

Smartphones aren’t as old as our computers but they have grown in leaps and bounds ever since their inception. As a mobile developer, you will be developing mobile applications for a company.

You could also use this skill to earn side income and develop applications for small to mid sizes businesses who might want a mobile application to be developed for their business.

Depending on where you work, you will be developing applications for the two dominant mobile operating systems, Android or Apple devices.

Roles:

  • App coding, testing, debugging, documenting and monitoring
  • Interacting with different departments within the organization regarding new deployments
  • Contributing to the development of project schedules and workflows
  • Recommending changes and enhancements to software applications

Data Scientist

Salary: $115,000 per year

Data analytics is a fast-growing field within the technology industry as businesses are waking up to the fact that the data that has been lying dormant within data warehouses are actually useful and not just taking up space.

A data scientist will be analyzing data on a daily basis, developing insights and making predictions on the future. Attention to detail and experimentation is a must, similarly to cloud engineering this is a pretty broad field with lots of subfields where the skills tend to overlap.

Roles:

  • Identifying relevant data sources for business needs
  • Collecting structured and unstructured data
  • Sourcing missing data
  • Organizing data in to usable formats
  • Building predictive models
  • Building machine learning algorithms
  • Enhancing the data collection process
  • Processing, cleansing & verifying of data
  • Analyzing data for trends and patterns and to find answers to specific questions
  • Setting up data infrastructure
  • Develop, implement and maintain databases
  • Assess quality of data and remove or clean data
  • Generating information and insights from data sets and identifying trends and patterns
  • Preparing reports for executive and project teams
  • Create visualizations of data

Cyber Security Engineer

Salary: $100,000 per year

As most businesses venture out into the digital realm, criminals are right behind them to compromise their business. Network security is not just something that businesses used to bring up now and then as a nice to have, it’s a must, even to a small degree depending on the size of your business and incentive.

Hackers will more likely attack a hospital or bank where being accessible to sensitive data can lead to systemic risks.

To give you an idea on how prevalent cyber attacks have been check out threatmap to visualize attacks being played out in real time. Being a cyber security engineer, you will be tasked with maintaining the security of a company and ensure that malicious hackers cannot infiltrate your system.

It’s a large field with a lot of other specific fields and as often within the tech industry, the roles tend to overlap.

Roles:

  • Planning, implementing, managing, monitoring, and upgrading security measures for the protection of the organization’s data, systems, and networks
  • Troubleshooting security and network problems
  • Responding to all system and/or network security breaches
  • Ensuring that the organization’s data and infrastructure are protected by enabling the appropriate security controls
  • Participating in the change management process
  • Testing and identifying network and system vulnerabilities
  • Daily administrative tasks, reporting, and communication with the relevant departments in the organization

DevOps Engineer

Salary: $120,000 per year

Devops Engineer is not a bad field to transition to after you have gained some experience within the tech industry. DevOps Engineer will be taking a system view of the organization’s development.

Productivity is also an essential goal as they will be tasked with automating certain parts of the organization, streamlining processes and reducing bottlenecks from development to deployment.

Roles:

  • Understanding customer requirements and project KPIs
  • Implementing various development, testing, automation tools, and IT infrastructure
  • Planning the team structure, activities, and involvement in project management activities.
  • Managing stakeholders and external interfaces
  • Setting up tools and required infrastructure
  • Defining and setting development, test, release, update, and support processes for DevOps operation
  • Have the technical skill to review, verify, and validate the software code developed in the project.
  • Troubleshooting techniques and fixing the code bugs
  • Monitoring the processes during the entire lifecycle for its adherence and updating or creating new processes for improvement and minimizing the wastage
  • Encouraging and building automated processes wherever possible

Machine Learning Engineer

Salary$115,000 per year

Machine Learning could be seen as a sub-field under data scientists. Due to the technical breadth of the field, it is usually a standalone job even though data scientists do implement machine learning experiments.

Machine Learning Engineers usually develop models to predict and gain inference from data. A good example and common task within the banking industry is credit fraud prevention.

Engineers will have to plan and develop a system that can help with this matter. Over the years the field has grown and the applications are endless such as speech recognition, object detection, object tracking etc.

Roles:

  • Designing ML systems.
  • Selecting appropriate data sets.
  • Picking appropriate data representation methods.
  • Identifying differences in data distribution that affects model performance.
  • Verifying data quality.
  • Transforming and converting data science prototypes.
  • Performing statistical analysis.
  • Running machine learning tests.
  • Using results to improve models.
  • Training and retraining systems when needed.
  • Developing machine learning apps according to client requirements.

Blockchain Developer

Salary: $150,000 per year

Cryptocurrency is the new buzzword being thrown around within the software industry. Now you have seasoned and new engineers diving into this new industry to develop products that can run on the blockchain.

If you are familiar with Bitcoin, Ethereum, and Ripple, these are all run on the blockchain. The blockchain could be seen as a distributed ledger where every transaction is viewed on a public interface.

This new system makes it decentralized and reduces the need for middle men in certain types of tasks. It’s an interesting and novel field that pretty much justifies the salary given that the skill is in demand and the industry is developing quite quickly.

Roles:

  • Collaborating with managers to determine blockchain technology needs and envisaged functionalities.
  • Creating application features and interfaces by using programming languages and writing multithreaded codes.
  • Applying the latest cryptology techniques to protect digital transaction data against cyberattacks and information hacks.
  • Maintaining client and server-side applications.
  • Optimizing and securing blockchain applications by integrating new tools and technologies.
  • Educating sales personnel on blockchain features that allow secure digital payments.
  • Documenting blockchain development processes and complying with best practices in data protection.
  • Keeping up with current blockchain technologies and cryptography methods.

Where should I go from here:

This is just the tip of the iceberg in terms of careers within the tech industry that are paying good money if you have the skill.

If you don’t know where exactly to start with these skills, you can learn them from online resources specifically from courses or boot camps.

Below is a list of some of the resources you can use:

Udemy

Coursera

YouTube

Skillshare

Udacity

Linkedin Learning

The software industry is growing, countries are developing and they are going to need skilled workers who can learn quickly and adapt to ever-changing situations within a global market.

Sequoia launches new fund to focus on crypto

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Signage with logo at headquarters of venture capital investment firm Sequoia Capital, on Sand Hill Road in the Silicon Valley town of Menlo Park, California, August 25, 2016. (Photo via Smith Collection/Gado/Getty Images).

Sequoia, a staple name within the venture capital industry and an investor in many large tech companies such as Airbnb, Stripe, Instagram, WhatsApp, Apple, and others has launched a new fund targeting the crypto industry.

They have raised $600 million for this sub-fund, which is enough to get it started. The announcement was made on their website and they gave a broad overview of their vision.

“Our goal with this fund is to participate more actively in protocols, better support token-only projects, and learn by doing ourselves. We remain committed to working collaboratively with the crypto community, including providing ongoing support for open-source research. We will also continue to partner with crypto teams across every stage of their journey out of our seed, venture, growth, and expansion funds. Sequoia Crypto Fund is one of the first sub-funds to invest out of our new capital structure, the Sequoia Capital Fund.”

Sequoia is no stranger to the crypto industry. They are an investor in FTX, one of the world’s largest crypto exchanges. This new fund will further solidify its presence within the space by investing in opportunities that can have a great impact on the industry.

FBI shifts focus to the crypto industry

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FBI creates a new internal team to tackle the crypto industry. The National Cryptocurrency Enforcement Team (NCET) will be targeting crimes with the crypto industry.

“The NCET was established to ensure the department meets the challenge posed by the criminal misuse of cryptocurrencies and digital assets, and comprises attorneys from across the department, including prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture.” They stated within the press release.

The announcement was made at the Munich Cyber Security Conference with an additional press release on their website. Deputy Attorney General Lisa O. Monaco at the event and during a question and answering session she made her thoughts clear and direct about the crypto industry.

“I think we are sending a message that cryptocurrencies and virtual currencies should not be considered a safe haven,” she said.

This new initiative will be focused on key underlying infrastructures which make the crypto market elusive and attractive for criminals. These are mixers, tumblers, crypto exchanges, and ransomware which has been a key issue.

As of this writing, the news is circling that president Biden will give his executive order on the first steps of regulating the crypto industry as early as next week. It will be interesting to see how that goes.

This is not a bad approach from the FBI as it’s obvious that the industry cannot regulate itself. It’s been a crazy ride at this point with lots of gains for some and a large number of losses for others.

Despite their ambitious efforts, it will not be an easy task given the global reach of the crypto market. It will be taking a global initiative to reduce fraud within the industry.

Disney is investing heavily into residential community projects

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Disney is furthering their push into the real estate industry with a new initiative geared towards creating communities for its audience. These would be for customers who would want to extend their experiences beyond the amusement park.

Josh D’Amaro, chairman of Disney Parks, Experiences and Products stated that this is an ambitious project that will reap good rewards for the company as they enter into a new era of development and growth.

“As we prepare to enter our second century, we are developing new and exciting ways to bring the magic of Disney to people wherever they are, expanding storytelling to story living,” he said.

The branding behind these communities is called, “Storyliving by Disney”. Within these communities’ residents will have access to entertainment, wellness activities, and seminars. Even though it might seem that Disney might be positioned for a younger audience, they are also targeting seniors and persons from the ages of 55 and up.

It’s not Disney’s first push into the industry as they have owned different properties around America and elsewhere. Golden Oak is a community of houses they own in Florida on Walt Disney World Property. It’s an interesting move that might play out well for the company in the long term.

It could even probably be because of the positivity or speculative bubble surrounding the American real estate market at the moment. Given the resources that they have at their disposal, they can easily enter this market. Let’s see how this develops over time.

Binance US under SEC probe over suspicions with trading affiliates

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The Binance Exchange application for download in the Apple Inc. App Store on a smartphone arranged in Dobbs Ferry, New York, U.S., on Saturday, Feb. 20, 2021. Bitcoin has been battered by negative comments this week, with long-time skeptic and now Treasury Secretary Janet Yellen saying at a New York Times conference on Monday that the token is an extremely inefficient way of conducting transactions. Photographer: Tiffany Hagler-Geard/Bloomberg via Getty Images

Binance US is currently facing a probe by the SEC (Securities and Exchange Commission) over connections with Sigma Chain AG and Merik Peak Ltd.

These companies trade cryptocurrencies on Binance under the guise of market makers who would usually buy and sell cryptocurrencies to help balance the market prices.

Binance controversial founder Changpeng Zhao is believed to be the owner and is the centerpiece between these two companies.

The main suspicion in this probe is whether the companies are getting preferential treatment directly from Binance. The SEC has requested information from Binance US in whether they have disclosed this information to US clients.

The SEC has been turning up the heat on crypto companies lately as they have noticed the influence this industry has gained over the last few years. Recently they have clamped down on BlockFi and their lending platform.

Given the vast scale of the crypto market both in wealth and geography, it’s not going to be an easy task clamping down on these platforms.

Binance has also been in the spotlight over the years on suspicions over its trading practices. Recently they invested $200 million in Forbes which is a print and digital publisher.

This is an interesting deal that could be looked at through many lenses, from a PR perspective it’s a good move as Forbes is an established company that has been around for over 100 years.

Despite the move, it’s still not enough to clean up the suspicions surrounding the company and probably won’t be enough to circumvent any bad publicity that might come in the future.

Texas files lawsuit against Facebook over facial recognition technology

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Facebook Inc. headquarters in Menlo Park, Calif., on Jan. 30, 2017.

Another day another lawsuit for Facebook, which is facing yet another lawsuit over its controversial facial recognition technology. The lawsuit filed by Texas is attesting the fact that Facebook’s use of facial technology to analyze residents’ facial data was breaking the state privacy law.

As of this writing, Facebook’s facial recognition technology is claimed to be out of use since November of last year.

This seems like it’s not enough to soothe the nerves of Texas Attorney General Ken Paxton who is spearheading this initiative. Mr. Paxton and others released a press release to give an idea as to what they are aggravated about with Facebook and its alleged malpractices.

Within the press release, Mr. Paxton stated that “Facebook will no longer take advantage of people and their children with the intent to turn a profit at the expense of one’s safety and well-being,” he said.

“This is yet another example of Big Tech’s deceitful business practices and it must stop. I will continue to fight for Texans’ privacy and security.”

One of the main accusations in the lawsuit was that Facebook actually knew that they were breaking the law and they took advantage of the public’s data without any agreement from the state. 

Facial recognition technology is the future of our digital age, if you have a smartphone and you can unlock it with your face, that’s an example.

The benefits are there, but it’s also quite controversial and has been scrutinized by regulators. This is just another day in the office for Facebook as lawsuits have become a main staple for the company.

It’s the cost of innovation and one of the most famous mantras in silicon-valley tech culture, “move fast and break things”.

Inflation is now waving its ugly head, here’s how to tame it

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Inflation has been dominating the media over the last year. It’s hard to tell what is the inherent cause of it as there could be a myriad of reasons.

For example, one could point to the supply chain problem worldwide which is causing the rise of goods from overseas. Another person could say that the pandemic has caused a lot of economic damage to countries around the world, hence the inflation.

There are hundreds of theories out there from scholars, armchair economists, and others as to why inflation has gotten out of hand. I might probably look into such matters at another time.

My goal with this post is to give you reasons on how you can probably ride out the current wave of inflation that is impacting a large segment of the population. Let’s dive in.

Learn a Profitable Skill

If you are working at a job and just passively living your life doing the same thing every day 365 and you are not seeing any result. You are going to need to switch things up a bit.

Relying on your job or in the worst case your boss is going to cause problems down the line. Don’t rely on your job as a crutch, you will get wiped out.  If your income hasn’t increased over the last few years to match the rise of goods and services, you need a new strategy.

You are going to have to learn a profitable skill, I have a bias towards computer skills as I have noticed the wide array of opportunities available if you have the right skills.

For example, you have persons who are currently earning an extra US$3k a month launching online digital marketing businesses.

Some are even going full-time. If you are not tech-savvy and don’t intend to be, you can learn physical skills that can still be profitable such as plumbing, electrician, etc.

The major downside with physical skills is that you are oftentimes constrained to your geography. This can cause problems when you cannot earn an income with it consistently.

That’s why I am bullish on online money, it’s the future and if you haven’t started learning from yesterday you are probably too late.

Start a Side Business

Similar to learning a skill to earn income, having a side business can carry you quite far. If it’s a business that is recession-proof, that would make it even better. Starting something is better than not starting anything in the grand scheme of things.

Don’t let certain outside factors deter you from not going ahead. In an environment where inflation is rampant, costs can rise pretty quickly so you have to be realistic on what you want to do and how you are going to achieve it.

If your business handles preorders and is not serviced-based, this can be a bit more manageable as you can always have the cash to invest and grow your business. It’s hard to give a broad stroke on what type of business you should start.

Similar to skills a lot of factors can come into play such as geography, local market, demand, profitability, and a myriad of other factors.

Practice Money Management

Money management is a skill not most persons are taught. It’s a skill that takes discipline and time to master. You cannot become a mastermind of money management in a year if that is even possible.

A large part of money management is not about maximizing upside as to what you can buy. It’s about minimizing your downside as to what cannot afford.

Have you ever heard the phrase, “death by a thousand cuts”? If not, that’s precisely why money management is often necessary. It’s not large purchases that often trip us up but the thousands of small little purchases that take little thought.

Due to the fact that we were habitually conditioned to purchase them. This habit can be in part by the constant bombardment of marketing which we face daily and the ease of use to purchase an item.

Another reason why money management is necessary is that it helps you to manage your life as if it’s a business. This might seem like a lot of work but it’s not. Being able to track that you are overspending for the month by a factor of 30% and it’s made up of purchases that don’t add value to your life, will leave you thinking of strategies on how to change that.

The hardest thing about money is not making it, it’s keeping it. I have seen persons who are far wealthier than I am who are more miserable and stressed over money because they’ve managed it so poorly.

You don’t have to be a business major either or need a financial consultant to start money management. You have apps that you can use and spreadsheets that you can download online that can suit your personal needs.

Don’t Over Consume

Coming off the money management topic, this could have easily been added to it. But I need to touch on it a little more, don’t purchase things that you don’t need.

We are living in a world of overconsumption and our civilization is currently stripping the world of its natural finite resources to keep us comfortable and pamper our greed and need for more.

I am guilty of this as I had my own experience of gluttony, but I was aware of it and still had limits. It becomes a problem when someone is no longer aware is living akin to living in front of Walmart at that point. Don’t get caught in this vicious cycle.

Practice Investing

Investing can prove to be a rational edge against inflation especially if you know where to look and have an instinct for the market. Having cash on hand at all times can be a bad strategy especially when the currency is losing its value.

At that point, you may want to tie up your money in some sort of equity that can yield returns depending on your risk appetite.

Depending on what type of individual are you and your relationship towards risk, it’s important to have a diversified portfolio. If you are new to the idea of investing, you can research it on the internet or get a professional to help you.

That’s one of the ways financial savvy individuals can stay afloat whenever there is a downturn and the lower working class have to go to work relying on their hard-earned money to ride out the storm which is losing its value daily.

If you don’t want to invest in stocks or any exotic financial instrument, well, do it the old-fashioned way which is still one of the battles tested ways by purchasing or investing in a property.

Changing Careers

If you are stuck in a career and basically living paycheck to paycheck, it’s probably a sign that things need to change. You might need to change your career or get a new boss who will value you more.

Always be sending should be your mantra, don’t stay comfortable in one job.

It’s counterproductive in the long haul, everyone’s situation is different but I have seen enough that the easiest person we can fool is ourselves by playing the victim and not doing anything to help our situation.

It’s easy to play the victim and trick ourselves as to why we are still working for this or that company when there are opportunities elsewhere.

Don’t let the uncertainty deter you, opportunities are out there especially if you understand computers. You don’t even need a degree anymore to get a tech job, you just have to ensure that you know what you are doing.

In summary, we are living in a strange time and a lot of changes are happening. Inflation is on the rise and digital wealth is being created. I didn’t even touch on the whole cryptocurrency movement which is common around the younger population.

There are so many things happening, you just have to stay curious and keep following us as we have a lot of interesting content coming down the line.

BlockFi will pay $100 million in fines over breaching regulations

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The BlockFi logo on a smartphone arranged in Little Falls, New Jersey, U.S., on Saturday, May 22, 2021. Elon Musk continued to toy with the price of Bitcoin Monday, taking to Twitter to indicate support for what he says is an effort by miners to make their operations greener. Photographer: Gabby Jones/Bloomberg

BlockFi the crypto lending platform has been in hot water since November 2021 from the SEC (Securities and Exchange Commission) over claims that the company was a securities offering.

Due to the wild west of cryptocurrencies, it’s easy for crypto companies to try and outrun the SEC by using cool buzzwords and slapping a new face over a familiar one. It seems BlockFi couldn’t outrun the SEC in this one, not even for a couple of “blocks” more.

They will now be giving the SEC $50 million and is ordered to pay another $50 million to state regulators who were strictly against their “exotic” financial offerings.

One of the main lures behind BlockFi is their promise of a 5 – 10% yield if you were to lock up your cryptocurrencies such as Bitcoin and Ethereum in their platform. They would then lend that money out to various individuals.

The SEC quickly noticed that this was nothing more than an unregistered security offering under the mask of cryptocurrencies and quickly went after them. Various states such as Alabama, New Jersey, Texas, and Vermont came out and told BlockFi to stop offering their products to their residents.

Writer’s Take:

It’s now a battle between old and new systems at this point within the crypto-sphere. Various companies have tried to offer yielding programs but it was quickly shut down by the SEC.

Coinbase attempted to launch a similar program for its clients but that was quickly swept under the rug as the regulators are not backing down. You still have companies who are within this space and participating but they are too small for the SEC to notice or even care about.