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What is financial planning in Business?

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What is financial planning in Business?

Financial planning is the process of estimating of capital necessary for accomplishing the organization’s business activities and also aids in the creation and planning of financial resources for the future.

What is financial planning?

It relates to the provision of assets, investments, and an organization’s funds management. Financial planning is the process of formulation of goals, policies, procedures, programs, and budgets that refer to the organization’s financial activities.

Financial planning means:

  • Providing appropriate funds
  • Providing an appropriate balance between the incoming and outgoing funds.
  • Preparation of growing and development programs that ensure the long-term sustainability of the organization.
  • Decrease of uncertainty regarding market changes that the organization may face.
  • Decrease of the uncertainty which could affect the organization’s growth, helping to provide stability and profitability.
  • Financial planning means predicting, directing, synchronizing, and premeditated distribution of the elements of an organization’s finance function.

How is financial planning important?

Financial planning helps you to make the best financial decisions based on your needs, goals, and objectives. Additionally, it helps you be in control of your income, expenses, and investments such that you can manage your money.

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You need to note that the most important initial element in financial planning is Budgeting.

For a Budget, you need to:

  • Understand what you spend over a year
  • Set a budget to cover your living costs and all your holidays and entertainment
  • Stick to the budget
  • Reduce your short term debts, such as credit card balances
  • Establish an emergency fund

What are financial planning tool?

Inasmuch as there are paid tools for your finances there are some free tools that are ready and set to go for your financial plans and they include:

  • Social Security Retirement Estimator
  • Retirement Ballpark Estimator 
  • Mutual Fund Amalyzer 
  • 529 Expense Analyzer 

Check: What Is a Financial Plan, and How Can I Make One?

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3 Comments

3 Comments

  1. Dorsey Rosazza

    July 17, 2022 at 7:26 am

    Your style is unique in comparison to other folks I’ve read stuff from. Thanks for posting when you have the opportunity, Guess I will just bookmark this blog.

  2. Manda Blanch

    July 19, 2022 at 2:50 am

    I like what you guys are usually up too. This sort of clever work and reporting! Keep up the great works guys I’ve included you guys to blogroll.

  3. Bobby Granahan

    July 25, 2022 at 9:16 am

    There is definately a great deal to learn about this topic. I love all the points you’ve made.|

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The Blockchain that’s the best to consider and dig into now

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The Blockchain that's the best to consider and dig into now

Significantly, interest in blockchain has increase and grown tremendously over the years and If you are looking to start or join a platform, there are some you need to put into consideration and this article has been prepared to give you the latest picks. 

Blockchain technology could be the answer for a new approach for supply chain participants to share and to transact data more efficiently and with more transparency. 

In our research, we have finally come to a conclusion and these are the report and platforms to consider today. 

Table of Contents

Ethereum

Don’t be amazed to see this on the #1 on our list. If you are looking for the best secure block chain based secure crypto currency platform, ETHEREUM is the best to consider. 

ETHEREUM which was introduced in 2013 is one of the most established and oldest blockchain platform. ETHEREUM is one of the decentralized blockchain platform that provides a field of a peer to peer network that executes application code and this is referred to as Smart Contract. 

Smart contracts allow participants to transact with each other without a trusted central authority. Transaction records are verifiable and securely distributed across the network, giving participants full ownership and visibility into transaction data. Transactions are sent from and received by user-created Ethereum accounts.  The sender must sign transactions and spend Ether, Ethereum’s native cryptocurrency, as a cost of processing transactions on the network.

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The backbone of ETHEREUM is the Smart Contract and inclusively its weaknesses slow processing times and higher transaction processing costs compared to other platforms. 

The active developer community of ETHEREUM which include over 250+ members with members including Microsoft, Intel and etc. The Ethereum community is in the process of migrating from the existing proof of work (PoW) consensus mechanism to proof of stake (PoS), which is more energy-friendly. This migration has required an elaborate process to spin up a separate, new type of blockchain called a Beacon chain that is being merged into the existing, main Ethereum blockchain. 

Ethereum’s large user base encourages developers to deploy their applications on the network, which further reinforces Ethereum as the primary home for decentralized applications like DeFi and NFTs. 

Other platform to look into are:

  • IBM Blockchain 
  • Hyperledger Sawtooth
  • Tezos
  • R3 Corza

Which Blockchain does Bitcoin use?

Bitcoin uses a PROOF OF WORK (POW) system and mechanism to establish its consensus across its distributed networks. Proof-of-work is the mechanism that allows the decentralized Bitcoin just like Ethereum network to come to consensus, or agree on things like account balances and the order of transactions. 

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Proof of Work over the years has played a very crucial and vital role in the history of cryptocurrency, it has provide the solution to confirm and record cryptocurrency transactions without the involvement of financial institutions. 

Every cryptocurrency has a blockchain, which is a public ledger made up of blocks of transactions. With proof-of-work cryptocurrencies, each block of transactions has a specific hash. For the block to be confirmed, a crypto miner must generate a target hash that’s less than or equal to that of the block.

Proof-of-work coins

Below are some of the notable cryptocurrencies that use proof of work:

1. Bitcoin is the first cryptocurrency since it launched in 2009. It introduced the concept of proof of work in cryptocurrency, which would later be adopted by many future coins.

2. Litecoin (CRYPTO:LTC) is one of the earliest altcoins, or alternatives to Bitcoin. Launched in 2011, it was based on Bitcoin’s code and offers improved transaction speeds.

3. Dogecoin (CRYPTO:DOGE) is a cryptocurrency that launched in 2013 and is based on the Doge meme.

What Blockchains are best for NFTs?

This article provide a list of the best NFT-focused blockchains on the market. This should give you an indepth and a good idea of which blockchains could see increased usage, following the expected growth of the NFT market in the coming years. 

What Blockchains are best for NFTs?

1. Ethereum

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More than 90% of all digital assets have been created as ERC-721 tokens on the Ethereum network, including some of the most popular ones like Axie Infinity. Although this has come with some difficulties and set backs. Over the years it has been saturated and transaction fees have gone through the roof. 

2. Tezos

Tezos is one of the first functional smart contract proof-of-stake blockchains, providing a stable and scalable network since early 2018 after its development in 2014. Thanks to the low transaction fees and high speeds it provides, Tezos is gaining traction in the NFT ecosystem.

The platform supports a dynamically upgradable protocol and modular software clients that enable it to adapt to new users. It has also developed tools to help automate the process of weaving NFTs into enterprise supply chains.

Other platforms include Cardano and Polygon. 

Which Blockchain are NFTs on?

NFTs which is also known as Nonfungible Token is on this Blockchain Platforms:

  • Ethereum 
  • Cardano 
  • Solana
  • Polygon

Check: Top 9 blockchain platforms to consider in 2022

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How to make money online with your WhatsApp status | Earn $15 weekly doing this

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Earn $15 from whatsapp status

In our previous article; Earn $100 daily from your Whatsapp status, today you are going to learn other methods on how to make money online using your Whatsapp status.

Table of Contents

What you need to get started

  • A phone
  • Whatsapp
  • Access to the internet

You can make use of any Whatsapp but I will recommend the Whatsapp Business app, Whatsapp Business has more features than the regular Whatsapp. Let’s get started.

Method 1: Druve

Druve is the first app we will talk about. Druve is a solution that strives to leverage WhatsApp status to earn or spread the word about your product, service, or event.

Druve - earn money placing contents on whatsapp status

Druve pays you to post advertisements on your Whatsapp status. Druve currently caters for two categories of people:

  • The first category is people who want their business, products and services to be seen and interacted with by a large audience at an affordable rate.
  • The second category is for those who want to earn by posting content about businesses on their Whatsapp status.
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For either categories, using Druve starts with downloading and installing the app from playstore using the link below.

Download Druve: https://play.google.com/store/apps/details?id=com.druve.druve&hl=en&gl=US

After downloading, you are expected to set up your account and boom, you are ready for business.

After you have created an account on the app, you will be notified as soon as ads are available to be promoted in your location. You earn from every ad you post on your status from druve app as long as you have at least 42 status views on each post.

The payment is made directly to your registered bank account based on view grade. All Ads on Druve come as an image and a link. You will be paid for posting the link and image.

Method 2: WhatsAd

The second method is WhatsAd, WhatsAd operates basically the same way as Druve.

WhatsAd - earn money from Whatsapp status

WhatsAd pays you for sharing content on your Whatsapp status. Download their App and get started.

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Download WhatsAd: https://play.google.com/store/apps/details?id=com.whatsad.app

Conclusion

That’s all you have to know about earning money from Whatsapp status in this article, you can also make money from other affiliate websites, to know more about this visit our affiliate section.

If you learnt something from this Article kindly share it with your friends.

Notice: We put a lot of hard work and research before writing this article, if you must copy make sure you link back with a do-follow link.
You will be reported to DMCA and other relevant authorities if you copy this article and ignore to link back to the original source.

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What are the best jobs for girls?

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What are the best jobs for girls?

If you are looking for the best job for girls, stay-at-home mum, profession for women, or home jobs for women then you need not look any further because, in this article, we shall be disclosing them to you. 

Which job pays the most money

Table of Contents

Introduction

As a lady, you can make a mark for yourself, work in places or organizations that are being dominated by men and make waves therein. 

There are a lot of jobs out there and ladies should be able to stand shoulder to shoulder with men occupying these spaces at all cost, as a lady, you can leverage your passion, creativity, and love for any job at all thereby standing out and be financially independent and successful in all facet. 

As a student, job seeker, or even a working woman, you can get your dream job and create a name for yourself in the long run. 

Below is the list of jobs that are best for girls, ladies, and working women:

  • Freelancing Job
  • Teaching Job
  • Sports
  • Beauty and Cosmetics
  • Fashion designing
  • Proofreading 
  • Sales and Marketing 
  • Digital Marketing 
  • Content writing
  • Online tutor
  • Yoga trainer jobs
  • Accounting Jobs
  • Law Jobs 
  • Medical Jobs
  • Counseling Jobs
  • Software developer amongst others. 
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Which Job is best?

This list goes endless and if we are to consider others then the ranking might be equal nevertheless here is our final note on the best jobs to go into today:

1. Anesthesiologists: 

The BLS defines anesthesiologists as physicians who “administer anesthetics and analgesics for pain management prior to, during, or after surgery.”

2. Gynecologist 

They are doctors specializing in vaginal, ovarian, uterine, and cervical reproductive health and childbirth, known as obstetricians-gynecologists. 

3. Surgeons

Surgeons perform operations to treat broken bones and diseases, such as cancer. Surgeons help manage the patient’s care before and after surgery. 

4. Orthodontist 

Orthodontists specialize in corrective measures for the teeth and are often referred out by the patients’ dentists. High-achieving orthodontists require good communication skills, as they work with patients directly, plus strong analytical and problem-solving abilities.

5. Psychiatrist 

While all psychiatrists help treat mental health issues, it’s a field with a vast range of specialties. Some work on child and adolescent psychiatry, for example, while others specialize in forensic (legal) psychiatry, addiction psychiatry, or consultation psychiatry, which occurs in a medical setting. 

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6. Air pilot and Flight Engineers

Working in the aviation industry can mean a lot of time away from home, but it also leads to a nice paycheck in many cases. Flight engineers do preflight checks, monitor the plane’s cabin pressure, assess how much fuel is being burned, and perform other important duties.

7. Computer and IT managers 

Computer and information technology managers function to oversee electronic data processing, information systems, systems analysis, and computer programming. They evaluate the information technology (IT) needs of a business or government body and work with technical staff to implement computer systems that meet those objectives.

Which job pays the most money?

Are you interested to know which job pays the most money and spicing up your daily diet, this article unravels those listings for you? Everyone wants to be successful and to become this we need to follow a career path that will lead us to achieve those results. 

Now, it’s time to take sit on your sofa, get a coffee to sip, and lower your back as you read on. 

1. Surgeons

2. Pilots

3. Sailor 

4. Judges

5. Medical doctors

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6. Medical Laboratory Scientist 

7. Radiographer

8. Physiotherapist

9. Petroleum engineer

10. Lawyer

11. Military officer

12. Software engineer

13. IT

14. Entertainment 

15. Nurse 

16. Pharmacist 

17. Graphic designer. 

18. Aeronautic engineer 

The list goes on and on, it’s time to jump into one and dive deeper. 

What job has the highest paying salary?

The so-called degrees or any other qualification in Nigeria are as good as useless and trash in today’s Nigerian labor market. The core reason is there are no employable job vacancies in the field to recruit graduates of such fields or the pay accrued is somewhat nothing to write home about. 

Nigeria is the giant of Africa but the rate of unemployment is at its peak. 

This is a must-read for everyone who needs to consider a high paying job in this harsh economy:

1. Health jobs

2. Digital Marketing 

3. Sales manager and jobs

4. Entertainment 

5. Petroleum engineer 

6. Communication jobs

7. Legal jobs

8. Financial Accounting jobs 

9. Business manager

10. Software engineer

11. Data Analyst

12. Pilot

Check: 13 Best Jobs for Women in the 21st Century

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