A startling 2.5 billion people worldwide have no access to financial institutions or banking. Even in countries that are economically stable they lack the resources needed for anyone to function in the world. People end of storing their finances in their homes, making them an easy target for thieves.
There are number of reasons why certain countries lack financial institutions. Surprisingly there may be a lack of demand for banks because people use them just to save money. There are fees for having a bank account such as deposit fees, bank fees, transaction fees, and hidden fees. With all these fees being placed on a person, they often cannot afford having an account. Then there’s paperwork, access to banks, and disqualification if you have poor credit.
Jed McCaleb noticed this problem and wanted to help. He co-founded Stellar with his friend Kim, a non-profit organization that would allow people to make fast, secure, and easy financial transactions all over the world. Unlike banks who profit majorly off customers with unnecessary fees, Stellar is focused on giving back and helping those people. Jed McCaleb has worked in the tech field for quite some time now and founded other businesses such as eDonkey and Code Collective. Stellar is based on cryptocurrency and it is only growing with time. The potential is endless, and Mr. McCaleb is dedicated on using it for philanthropic purposes. Stellar is a great company that helps people fulfill their basic financial needs, so they can life a prosperous life. It also removes fees that people could not otherwise afford and connects them to the entire world. Other crypto currencies can cost you dearly, but XLM (Stellar’s crypto) is almost free making it accessible to just about anyone, even the poor. Stellar mission is to facilitate, distribute, and promote its digital currency. They provide transparent and permanent transactions for people all over the globe. To make financial institutions more accessible all over the world individuals and entities would donate to Stellar to continue their mission. When it comes to philanthropy Jed McCaleb and Stellar work with Praekelt Foundation which helps South African women save money on their mobiles to pay school fees and such.
A great way of preparing your kids for the future is by educating them on money and finance. According to HCR Wealth Advisors, educating them on the realities of money will improve the financial IQ of your children in the long run. A large number of parents tend to shy away from discussing such matters with their kids, as they feel that the topic is not interesting, or their kids are simply too young for it! However, if your kids are exposed to matters related to financial education, they are more likely to make wise monetary decisions in their life. This is why HCR Wealth Advisors, a registered investment advisory firm, believes that parents ought to equip their children with such vital financial information quite early on in their life. Below are some helpful tips in starting financial education.
For starters, parents should embrace the strategy where they give their children allowances for chores handled. This is crucial, as the kids will begin to understand that they need to work in order to earn money. Depending on the chores needed at home, such as taking care of the dog or washing the dishes, you can pay them an allowance which will teach them the importance of hard work in exchange for pay.
You also need to instill in your children the importance of always having a budget. Guide your kids on how to prepare a budget by coming up with a list that includes their income and the expenses at hand. This way, they will have a clear glimpse of how a budget works, and they will be able to plan their hard-earned wage well.
It is important that you assist your kid in getting a savings account. This means helping them to open one and helping them understand the importance of saving their cash in the bank. They will be able to get into adulthood with a great notion of savings and they will be at ease with the entire process. Also, parents are ought to equip their kids with a basic knowledge on investing.
About HCR Wealth Advisors
HCR Wealth Advisors is a registered investment advisory firm that works to ensure their clients financial and investment needs are met. The firm is seeks to educate its clients on various strategies to attain their financial goals in life. The firm was established in 1988. HCR Wealth believes that the best gift any parent can give to their children is educating them on financial education.
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This will give information about the Co-Founder of company “Stellar”. He also is the establisher of something called the Mt. Gox exchange. This will begin by recapping the article “Jed McCaleb, Founder of Stellar: Blockchain Will Change the Face of Banking”. This is written by Haley Thompson. McCaleb made a prediction that the industries of blockchain technologies and distributed solutions would be interruptions in the future years. They are stock markets, ability to fundraise, and global payments.
Something Jed McCaleb has been very close to is an environment consisting of crypto assets. His Mt. Gox exchange under the operations of McCaleb began its operations. However, a couple years ago in 2011 he sold the enterprise.
Currently, McCaleb serves as the Stellar co-founder. He plays the role there as the Chief Technology Officer (CTO). This is one of the most famous platforms which forms new tokens as well as applications that are distributed. To add to that, in the category of the top ten crypto assets by the capitalization of markets is XLM, the digital asset of XLM. A goal of the Stellar platform is to attempt to figure out the substance of climbing solutions of blockchains in order to copy the volume and speed of classic systems of financial transactions.
Now, some general information about Jed McCaleb. McCaleb has co-founded his company of “Stellar” since 2014. In this experience he has spent many hours with the brightest people he feels he has worked with. Before he co-founded the company, he created a network of per file sharing. This network had the name of “eDonkey2000”. It is also important to note that this was the first to apply downloading of multi-source. This was the first implementing of the Kademlia DHT. He has been spending a great deal of time with thoughts on how to make the World better.
Jim Toner is a success in various ways. Not only does he run a successful company, but he is also an avid real estate investor. Jim Toner started managing a business after graduating from college and working in the corporate world for a few years. He decided that he did enjoy working for a large corporation. In his mind, corporations do not take care of their employees. Jim Toner wanted to operate a small business with excellent customer service.
Toner, a businessman and book author, started his first company when he was in his twenties. Although he lacked experience in various areas, the business grew. He worked with several business leaders in his community to receive practical advice.
Jim Toner did not borrow money to start his first company. One of his first business mentors advised Jim Toner to avoid going into debt early in life. Some business ideas do require debt to get started. However, Jim Toner had a plan to run a small business with little overhead. He wanted to sell various services to people in his community. He decided to take a lean approach to starting a company. This is an approach where the business owner attempts to reduce expenses as much as possible. Although he struggled to make a profit for several years, the business eventually became a success.
Operating a new business is not easy. Few people have the patience of the passion for making a business successful. Jim Toner is the type of person who is always looking for ways to improve. He created a company that could operate without his direct input. Hiring the right employees was a primary goal for him. He spent hours interviewing each employee several times. Some business owners do not spend enough time or effort hiring the right people.
Jim Toner believes that anyone can have success as a small business owner. Although Jim Toner received some help during his career from friends and family, he was able to build a successful business after starting from nothing. Anyone with an interest in starting a company should listen to his advice.
Have you heard that Madison Street Capital has yet again won the M&A award? The winners were announced during the most recent M&A Awards gala on November 16,2017. The gala took place at the Metropolitan Club in New York, NY. Year after year Madison Street Capital continues to be recognized in their marketplace as a provider of superior service. The awards are only given to those who demonstrate their ability to not only identify key financial opportunities within a company, but how they are able to aid in the financing of debt for a company.
One such company, WLR Automotive played a key role in the success of the Madison Street Capital reputation this year. Leading the pack for the M&A awards, it leaves many other companies to wonder whether or not they have missed the secret to operating steadily within hedge funds and helping businesses finance their debts. With more than 650 companies participating in the event, it is impressive that Madison Street Capital continues to take home the trophy in various categories.
The CEO of the M&A Awards, David Fergusson, has stated that it is a pleasure for him to honor the expertise and dedication of Madison Street Capital. Fergusson believes that those that participate in the awards are all impressive candidates and highly gifted in the area they work in.
CEO of Madison Street Capital, Charles Botchway was thrilled to be the recipient of the award this year in the debt financing category. Recently in an article about the gala, Botchway congratulated WLR Automotive on their new start, along with the Senior Managing Director, Barry Petersen who was in charge of the transaction.
Madison Street Capital continues to thrive as an international investment banking firm that is committed to excellence in all things, including serving their clients and follow through on their transactions. Their niche market is working within corporate financial advisory services, tax planning, hedge funds, and much more. As a privately held company they are dedicated to working in emerging markets to aid in the growth and expansion of large and small companies around the globe. Learn more: https://pitchengine.com/madison_street_capital