Upwork Scams: How to Not Get Scammed on Upwork

Formerly known as Elance-oDesk, Upwork has become one of the largest and most popular freelancing platforms in the world. With a 16% increase in revenue gain this year, approximately 12 million freelancers and about 5 million registered clients, Upwork does not seem to be slowing down.

If you are willing to put in the time and effort and can build a decent portfolio in terms of successful completion of projects with decent reviews, you can earn anywhere around $100-$150 per day. That’s a decent $3000 minimum pay per month considering you have kept Upwork as a side hustle.

If you plan to make Upwork a full-time gig then you stand to earn much more than this. The amount you earn is limitless. Over time and with a good hourly rate, you’ll be making thousands. This will take time and effort. To
succeed in freelancing on such platforms you always need to depend on the snowball effect.

The first couple of projects will be the hardest to get, but once you power through those with honesty and a good work ethic, you will find projects flowing into your queue in no time. With all that said,  freelancing on Upwork does come with its risks. Here are few of the  different Upwork scams and how you can avoid it.

Requesting to work off-site

This has become one of the most common ways freelancers get scammed on Upwork. If you’ve gone through the handbook for freelancers on the site (which you should’ve), then you know that operating outside the site does not fall in the site’s code of conduct. All work on Upwork has to be done on Upwork and nowhere else.

Most often, this scam works because freelancers get enticed by fancy rates that these “clients” supposedly offer if you agree to work with them outside Upwork. What freelancers do not understand is that these clients are not accountable to anyone outside the site. You stand a risk to get scammed and get paid nothing for all your hard work.

How to solve this?

Follow the handbook rules. Stay within the site for all work received through Upwork. Do NOT go off-site or you risk getting scammed and Upwork can do nothing about it.

Asking for some fee to begin working

Off the back, you might think that this a scam that clients face but surprisingly this is something that freelancers also face. Some clients will request a small fee before they let you begin working on their project. This goes against the website’s rules and regulations and could be a possible scam.

The only money involved is what is listed on the site which is either the amount the project will cost or your hourly rate as a freelancer. If any other cash is requested via chat, this hints to a possible scam so stay away.

How to solve this?

Just say “NO”. If they demand money from you, there is a high chance that this is a scam. Reject the offer and report such clients so that they can deal with them.

Asking for free work

In some instances, clients will ask for a “sample” article to “prove” your writing potential. Although this sounds legitimate, it isn’t. Upwork has stated that there is no concept of free work here whether it is an actual
job or a simple sample. Any work done has to be remunerated. Clients asking for free samples fall under scammers so stay away from such parties.

How to solve this?

Browse through this client’s open jobs, proposals and reviews and make a decision. If it looks fishy, it’s probably a scam. Let your instinct guide you but always remember that free samples are not part of Upwork and their structure.

Asking to share accounts

Yes, the initial days of being a freelancer on sites like this will be nothing short of a struggle. With many rejections and failed attempts at getting that one project to get the ball rolling, you will be desperate. Freelancers in this state usually tend to get scammed by sudden invitations to share accounts so that they can work with you and split the earnings (50-50 or sometimes even 70-30 ).

This might sound downright convenient. Sorry to burst your bubble, but that’s a scam! The risks involved in sharing your account is endless. Changing your password, withdrawing the existing earnings, hijacking and asking for money to give the account back are just a few of these.

How to solve this?

The answer is not rocket science. Under no circumstances should you ever share your account with anyone. Shortcuts will lead to nothing and cost you everything. The simplest way to prevent this is to reject such “helpful” suggestions.

As a client on Upwork, you face scams too. Some of the possible scams are:

Getting plagiarized material

A very simple scam that clients fall into is receiving material that you think is original only to find out later that it is plagiarized. With over 12 million registered freelancers there is a chance that quite a few are scammers looking to make some easy money with copy-paste material.

How to solve this?

Nowadays, tools like Copyscape help clients ensure that the material they receive is 100% genuine. Run the material you receive through this and if it fails, you can easily reject the client and keep the money. There is no point in doing this after a week after completion of the transaction. Do it as soon as you receive the material. (Grammarly is another tool that can help check for grammatical errors along with plagiarism)

Requesting off-site communication and payment

This should be a red flag that your freelancer is possibly trying to scam you. The handbook clearly states that no communication or payment should occur outside its channel. If you do so, you risk getting scammed.

How to solve this?

Just say “NO”. Accept no communication outside Upwork. It ensures accountability, proof and reduces the risk of getting scammed.

Conclusion

Whether you are a freelancer or a client, Upwork is a perfect place for you. With that being said, if you choose to ignore signs of such scams and indulge in activities that might sound like a jackpot, you have a high chance of getting scammed. Stick to their guidelines, adhere to the tips provided here and you stand to gain both as a client and as a freelancer on Upwork.

Four Movies to Watch after You’ve Watched The Big Short

If you haven’t watched The Big Short yet, I strongly recommend you to do. It’s a great movie concerning trading and the global financial crisis (2007-2008). You’d be amazed at the storyline and suspense that this movie has to offer.

But if you have watched this amazing movie, however, then we have four other similar movies to recommend you. Movies that you should definitely put on your must-watch list.

Boiler room

Box office – $28 million

Directed and written by – Ben Younger

(If you are – or if you want to become a broker one day – this is the perfect movie for you)

Plot:
Even though he is a college dropout, the nineteen-year-old Seth Davis manages to make a living by running an illegal and small local casino in his home. Something that his father, Marty (A federal judge), doesn’t approve at all.

But one night, a wealthy person named Greg Weinstein comes by the casino to play blackjack. That night Greg offers Seth to join a brokerage company called J. T. Marlin. Seth accepts the offer. But later on, Seth finds out that J. T. Marlin is corrupted and that it uses its brokers to allure buyers into  investing in companies that never or no longer exist.

Seth is devastated when he is tricked into tricking one of the stock market buyers, Harry Reynard, who thanks to Seth, loses everything he has. Then Seth confesses everything to his father and wants them both to reveal the fraud of J. T. Marlin.

At first, Seth’s father seems reluctant to accept, for he is afraid that he might lose his job as a federal judge if something goes wrong. But then he accepts. Both Seth and his father succeed in closing down J. T. Marlin, though not alone, the FBI gets involved in the case as well.

Margin Call

Box office – $19.5 million

Directed and written by – J. C. Chandor

(A great finance-based movie that will keep you excited and thrilled from the very begging till the end. Besides, you’ll learn something more about the global financial crisis too)

Plot:
A company starts to fall in the abyss of the global financial crisis (2007-2008). During the beginning of the movie, no one is aware of any lurking financial menace. Eric Dale from the department of risk management – is the first person who is on the edge of discovering that the company is moving straight towards bankrupt, but his project isn’t finished.

At first, no one believes in his project, and he is flanked by security out of the building for good. But on his way out, he stumbles across one of his colleagues, Peter Sullivan – also from the department of risk management. Eric hands over a USB stick to Peter by casting him a furtive you-have-to-finish-this look.

Peter, working late at night on finishing Peter’s project, uncovers some shocking facts. The value of the company’s mortgage-backed securities is rapidly decreasing. Peter informs posthaste some of his colleagues about the financial instability that they’re facing. The bad information spreads fast and reaches to the division head, Jared. There is an emergency meeting.

The firm makes some plans on how to financially survive – and Eric is called to be part of those plans at the threat that he’d lose his severance payment, among other things, if he doesn’t agree to do it.

The Wolf of Wall Street

Box office – $392 million

Directed by – Martin Scorsese
Written by – Terence Winter

(This is the greatest stockbroking movie of all times. And even if you don’t have any knowledge in stockbroking, you’ll still enjoy and watch this movie with rapt attention)

Plot:
Jordan Belfort starts as a stockbroker. Something that provides him enough money to fall in the dirty hands of sex, nightlife, and drugs. But rather sooner than later, his career ends. Still, he manages to find a new job at a brokerage firm, and he is so good at what he does that he even makes a  small fortune. But that isn’t enough for Jordan.

And after getting acquainted with the deceitful talents of his neighbor, Donnie Azoff, both he and Donnie decide to open their own company – Stratton Oakmont. They even hire some of Jordan’s friends to work for them by teaching them some fraud methods that, later on, generate huge amounts of money for the company.

Nevertheless, Jordan becomes so rich that he starts to care only for himself. He even divorces his wife to marry another woman named Naomi, but their marriage doesn’t have a happy ending. At any rate, the biggest problems for Jordan begin when he makes dozens of millions in just several hours. Jordan transfers his money in a Swiss bank to hide them, but that doesn’t help him in appearing any less fraudulent in the eyes of the FBI.

He travels abroad to escape justice, but, eventually, he gets caught by the FBI. And after being sentenced by the court, he is given a chance to serve only three years in prison, though under one condition. He has to testify against his criminal colleagues, which he does.

MoneyBall

Box office – $110 million

Directed by – Bennett Miller
Written by – Aaron Sorkin and Steven Zaillian

(If you love baseball and some real (Go from zero to hero) team-management actions – MoneyBall is the movie that you don’t want to skip)

Plot:
The 2001 American League Division doesn’t end well for the Oakland Athletics. Their general manager, Billy Beane, feels down in the dumps. And with several leading players on the brink of leaving the team, there seems to be no hope for the Oakland Athletics at all.

But fortunately, Billy meets this young graduate – Peter Brand. Peter approaches Billy with some forward-looking strategies that might transform the whole downfall prospect of the Athletics into victory. Billy likes Peter’s words and puts him on an aptitude test by asking him what steps he would take concerning a game of a past major league.

Peter answers the question, and Billy hires him almost at once. Billy’s assertions to victory are based on sabermetrics that would evaluate the quality of underestimated players. And since the Athletics have a small budget to operate with, this seems like a great plan to Billy. So, after hiring three underestimated players, including an injured catcher, Billy and Peter get nothing but bad criticism from Oakland scouts and hostile opposition from Art Howe (The manager of the team).

But despite the resistance to their strategy, Billy and Peter prove that they are right. And the Athletics even make twenty consecutive wins, which is a new record to the American League Record Board.

I hope that our list of four movies similar to The Big Short has been interesting to you. Now, all you have to do is relax, sit down, and watch some of the greatest finance-based movies of all times.

Besides, no matter which of these four movies you chose to watch, you won’t make a mistake.

Movies Like The Wolf of Wall Street

There is no doubting that Martin Scorcese’s 2013 biopic of Jordan Belfort’s crazy real-life story, was a huge success. Whenever I speak to people about this movie, I always get the same response. It’s just too hard to find that person who thinks it’s a bad film. Despite only being six-years-old, it is regarded as a modern day classic, which continues to grow in popularity.

This article aims to give you 10 movies that are like “The Wolf of Wall Street”.

The Big Short

This movie just has to make the list. Just like the “The Wolf of Wall Street”, the film is based around a group of characters who work within the wall street industry. What these characters foresee, is the collapse of the housing market, and all they want is to take advantage of it, despite their clients’ growing outrage.

The Social Network

Just like “The Wolf of Wall Street”, “The Social Network” is a critically acclaimed movie that is directed by a cinematic giant. It is David Fincher who is responsible for creating this piece of art back in 2011. Another similarity is that both movies are based on true stories that involve deceit and corruption. “The Social Network” portrays the issues surrounding the creation of Facebook.

American Psycho

If you’re a fan of “The Wolf of Wall Street” then there is no reason why you should not like “American Psycho”. They are two movies based on young, charming men working in sales who have over excessive characters wanting to achieve their goals. Patrick Bateman (played by Christian Bale) is a sociopath waiting to be unleashed in this pulsating thriller.

Casino

Another Scorsese classic which also holds similarities. Driven by an all-star cast, “Casino” portrays life as a mob gangster running a Vegas Casino. One thing about this movie that has to be said, is that Sharon Stone’s portrayal of Ginger is nothing short of wonderfully breathtaking. In addition, her character can be compared to Margot Robbie’s, Naomi Belfort in “The Wolf of Wall Street”. Both women have equal tendencies to be with a man for money and power, and won’t think twice in backstabbing them when the time is right. The infamous Robert De Niro stars as the mob boss in this scintillating gangster movie. When his business is affected by serious competition, life becomes a matter of survival as lives are teared apart in this cinematic masterpiece.

Wall Street

Despite the obvious, “Wall Street” is most certainly a movie to watch after “The Wolf of Wall Street”. Not just because both stories are based around the culture of Wall Street, but how they are set in different eras that show us the corruption involving the financial world. “Wall Street” is set in a time that is before the 1987 crash, and this is right before what takes place at the beginning of “The Wolf of Wall Street”.

American Hustle

This is a fictional film that portrays an impressive scandal you’ll never forget. Led by another all-star cast, “American Hustle” tells a story of con-artists, FBI agents, and the Mafia all rolled up in one glorious feature. The plot is intelligent as well as entertaining, and each character gifts you with something worthwhile of your time. Like “The Wolf of Wall Street”, the movie is thrilling and entertaining, and similarly uses pop songs during emotional moments.

Catch Me if You Can

If you want a movie to take you on a pulsating chase of cat and mouse, look no further than “Catch Me if You Can”. This is another movie starring Leonardo DiCaprio, who plays as Frank Abagnale jr, although he is much younger in this feature. Just like his Jordan Belfort character, DiCaprio’s Abagnale is intelligent and highly skilled to fool the FBI for numerous years. Abagnale is just a teenager, but he manages to disguise himself as a lawyer, a doctor, and a co-captain of a major airline within this movie. To think that this movie is based on a true story just blows your mind.

The Departed

You cannot deny that “The Departed” has to be on this list. Like the majority of the films listed here, it holds a fantastic cast that delivers one of the greatest mob dramas of our era. It earned Scorsese his one and only surprising Academy Award for Best Picture, but when you see it, you will know exactly why. It portrays one man working undercover in the mob, and another who is a mole among the cops. What this story brings, is a battle between the mob and the cops, showing brave individuals as pawns to win it for their establishments. If you haven’t seen this movie, it is a must-see today.

Boiler Room

In this drama, there is a portrayal of American Business at it’s most corrupt worst. Although it doesn’t boast a strong enough script to be on par with “The Wolf of Wall Street”, there are still so many comparisons between the pair. Both movies involve young men who all become millionaires overnight within the world of sales. “Boiler Room” shows these young men working at a brokerage firm who, just like those in “The Wolf of Wall Street”, achieve in making their money by fooling their clients over the phone.

War Dogs

Firstly, “War Dogs” compares to “The Wolf of Wall Street” because both of them contain Jonah Hill. However, the comparison doesn’t stop there. Both of these movies contain young men who strive to earn millions of bucks in quick succession. In this movie, Jonah Hill aims to convince his friend to be an international arms dealer, and the amount of comedic moments that come with it makes you know you are watching a similar movie to “The Wolf of Wall Street”. It is a solid movie which is driven by a compelling true story. It is an underrated movie that could perhaps gain a stronger following.

There you go, the ten movies that can be strongly compared to “The Wolf of Wall Street”. Each and every one of them hold at least some similarities. Some more than others, of course, but it’s easy to suggest that they all compare is some way.

Whether it’s a plot involving the same business culture, or perhaps a mob drama that holds similar characters with similar purposes, there are enough movies out there that can be compared with the popular biopic.

If you’re a fan of “The Wolf of Wall Street”, then each and every movie on this list has to be watched either now or in the future.

Sell Your Home Fast And For A Profit

Urgently needing to sell your home? Then you’ve come to the right post. Any person selling their home wants to make a profit of some kind, and this can be increasingly difficult to come by when you don’t have the time to wait for a high bidding buyer.

However, there are some things you can do to enhance your homes appeal in a short amount of time and increase the value and help it sell fast.

Contact Sellers

To sell your home fast, bring in the experts such as real estate professionals or you can contact businesses that purchase properties for a quote to buy your home. For instance, We Buy Houses, Sell My House, give you the option to either buy or sell your home on your behalf.

Seek a valuation from a few professionals before deciding who you want to use, this way, you can find the price that fits your desire to gain a profit on your property. Although this step is essential, you may want to commit to it after the following steps below, to ensure you get the best price possible for your home.

Upgrade Kitchen and Bathroom

If your bathroom and kitchen are outdated, consider investing some time and money in fixing these rooms up first. This will boost your homes appeal to buyers and its value. Whether purchasing a new bathroom suite or changing the tiles, your kitchen or bathroom doesn’t necessarily need a complete overhaul to look stylish and presentable.

Merely changing the faucets, updating the kitchen surfaces, and grouting the tiles can make a world of difference in transforming your bathroom or kitchen on a budget.

Curb Appeal

Your gardens and the exterior of your home are the very first thing new potential buyers will see, so make an effort to create a welcoming and impressive entrance. Mow the lawns, declutter the gardens, paint your peeling front door and update the handles and door knocker.

These are all budget-friendly ways to help sell your home fast. Purchasing a few bright-colored plants will also add appeal to your home. You want your guests to see themselves living in your home, and so creating the best first impression possible, is one of the most effective ways to do that.

Repairs

No busy professional couple, or family of five desires to move into a home where there is heaps of things that need fixing or replacing. Because of this, be sure to make your home functional, by sorting out urgent repairs quickly such as damp in your home.

Whether you have a noisy boiler, creaky doors, or cracks in the walls, focus on these repairs, you can either hire a professional or spend some time putting your DIY skills to use to keep costs down.

Neutral Decor

It’s fair to consider that your decor efforts may not be to everyone’s taste. Because of this, you may want to tone down any bright colors on the walls and change it for something more neutral such as cream, or white. A blank canvas will give potential buyers a clean slate to put their own stamp on their home, and it means less work for them having to change the decor to which is appealing to buyers.

To sell your home quickly, doing what you can in the time available to repair any problems, neutralize the decor and create curb appeal is essential. A home with too many repairs and outdated or garish decor shall decrease the value of your property and most likely only appeal to those who specifically want a fixer-upper.

These Are The Reasons You Need An Emergency Budget! (& What To Do If You Haven’t)

If we went about thinking of the worst possible scenarios that could happen in life, things would get pretty miserable pretty quick. However, that doesn’t mean we can breeze through life, ignoring them either. Especially when most catastrophes involve our financial stability as well as emotional stress. To that end, it is essential to consider what could go wrong. At least in terms of the economic impact, it could have, something you can get some guidance within the post below.

Your pet is injured.

For most people, pets are more than just animals we own. In fact, they are a part of the family, meaning that if they get injured, we will want to do everything in our power to return them to health. Of course, just like the costs involved with a human patient, treatment for your pet can set you back a great deal of money. Something that it can be tough to find out of nowhere. 

Happily, if you have been topping up your emergency budget regularly, there should be enough in there to cover this sort of situation. Although, it is also possible to pay into a pet insurance policy that will cover the costs of most the treatment instead. Something that may actually work out to be more economical than finding the entirely of the sum from your own savings. 

You experience trouble with the law.

If you have ever experienced any trouble with the law, you know that it is no joke! You will also be well aware that any legal difficulty can cost you big time if you are not careful. In fact, there are many potential costs involved. These may include legal representation, the compensation you are instructed to pay to the other party, and even the amount you are required to pay for bail. Something that you cannot be released from prison without. 

Of course, those with a healthy emergency fund will immediately be in a better position should such a situation arise. The reason being they will have at least part of the money needed to cover these costs. However, some people can help, even if you do not have the required funds to hand. 

These being businesses such as Freedom Bail Bonds that can lend you money to secure your release. In addition to those lawyers that offer their services on a no-win, no fee basis. Something that means you do not need to worry about payment at all, as they will take their percentage from the compensation you receive. 

Your need to move home. 

The issue with needing to move home is that it can be very costly. Something that can be problematic if all of your spare capital is tied up in your residence. After all, you cannot access the money you need to pay for renovations and realtors fees before you have sold your house. 

Luckily, those with an emergency fund can use the money they have there and then replace it when their house has sold. While an alternative for those without funds is to get a loan against the value of their home. Something that may decrease the profit they can make on the sale, but also help them out of a financial bind in the short term.

Financial Turmoil We Struggle To Get Out Of

Struggling financially is one of the most common struggles that people have. And struggling financially then leads to so many other struggles that people have to try and deal with, such as problems with a social life, eating right, and mental health problems. It literally controls our life to the point where there’s not much that you can do without it.

So when you find yourself in a bit of financial turmoil, it can literally be one of the most stressful times of your life. When you feel like all you’re doing is borrowing money to pay off other bills, it’s a never ending spiral that ends a lot of people up in debt. Debt is such a serious problem in this world at the minute, that it’s estimated that two thirds of people are actually in debt right this minute.

So before it even gets to that point, we want to try and get you out of the turmoil that you’re in. There’s so many ways that you can work your way to financial freedom, where you don’t feel like you’re being consumed with debt and all of the other problems you might be facing. So if you’re desperate and looking for a bit of help, look no further. Here’s how you can get yourself out of the sticky situation that you’re in.

Battling With Debt

We wanted to start this by talking about debt, because debt is one of the biggest problems this world is facing. It’s not just those that are dealing with debt in terms of personal finances, it’s literally the whole world. Even those businesses that you think are doing so well, are struggling with debt behind closed doors.

So find comfort in the fact that you’re not alone, and there are plenty of things you can do to get away from it. The first thing that we’d recommend that you do, is go and talk to a financial advisor to help you out. Financial advice from a professional who is used to dealing with people who are struggling with debt at the minute is so important.

They can help you formulate that all important plan that will get you back into steady waters. The second thing that you can do, is cut access to all of the areas that you’re borrowing from. Half of the reason we’re in such growing debt, is because there’s so many access points to borrow money.

But if you ring those companies and ask them to freeze your account so that you can borrow no more, it cuts the ties that you’ve began relying on so heavily. It’s a simple solution that not enough people are trying!

When You’re Left Out Of Work

Being left out of work is one of the quickest ways to find yourself in debt. People can be left out of work for so many different reasons, but one of the most common at the minute is an injury at work. Especially those that are involved in a lot of manual labour, there always seems to be some sort of safety hazard, and there always seems to be someone out of work.

The Derrick Law Firm is just one firm you can turn to if you ever find yourself out of work due to personal injury that you know isn’t your fault. It can happen for any reason, but if you know that accident would have been preventable if the company had better measure in place, and you’re off work unpaid for a few weeks, then what have you got to lose.

You could win a case that would give you the finances you need to carry on living, whilst you can’t work!

Dealing With The Emotions That Come With It

The emotions that come with it is something people don’t talk about enough. People love to talk about the financial situation they’re in, but not truly how it’s making them feel. But the emotions that come with it can quickly lead to mental health problems, and it’s those that you need to try and combat.

So to make sure that you stay on top of your mind through all of this, make sure that you’re speaking to those around you about how it’s making you feel, rather than the situation itself. It’s so good to speak out about issues!

Even if it just be a free help advice service that you’re talking to because you don’t want to talk to those that you know, it’s still good to get it out in the open!

Cost Effective Marketing Options

Below, we are going to take a look at some cost-effective marketing options for your business…

Getting your website sorted

The better the website, the more money it will help you to make, so it is an essential part of your marketing. One important thing to remember is to keep it simple – don’t make your visitors work too hard.

To do this, SEO and PPC are a must. Use script tools for Google Ads to get started. If your site is not optimized, you won’t be visible.

When people come to a business website, most of the time they know what they want, at least in part. Web design options need to reflect that.

There is no point in making things difficult for your visitors who are there because they want to know more about you or to purchase something from you. If your web design is too complicated, then they will often go elsewhere. 

Don’t use crazy designs that hide menus in strange places, for example, or make them almost invisible. This will not help you to guide people to the pages you want them to see.

If you are aiming to sell online, then you need your website to reflect that, and make the shop the main focus. If you prefer to sell face to face or you have a bricks and mortar shop, then again make it clear how this can be found.

It’s imperative that you don’t confuse your visitors – always let them know what you do and how you do it. No one wants to go to a website and spend 30 seconds or more searching for the information they need or the page they want.

And they won’t want to click through a number of pages either. Keep menus focused and user-friendly.

Create business posters

There are generally three options to choose from when creating a poster; you can create it yourself, you can hire a designer, or you can use an existing design. The latter is undoubtedly one of the most popular options.

Nowadays, a lot of companies that provide online printing services are also supplying free or inexpensive poster designs for companies to take advantage of. This speeds up the process and makes it a lot more cost efficient as well.

Another option is to create your own poster. Of course, you are going to need a considerable amount of time to do so. This solution is only advised for those who are passionate about the advert, i.e. perhaps it is for your band’s gig, and those with knowledge about design. You do want it to look good after all!

Last but not least, you could choose to hire a designer to create a poster for you. This can be very rewarding if they come up with an impressive design, but it can also be very expensive and you are putting your trust in someone else’s hands. Considering most people choose poster marketing because it is cost effective, hiring a designer does not always fit the mould. 

Can BitCoin Still Be Lucrative?

Cryptocurrencies have been on somewhat of a rollercoaster over the last few years. With countless setbacks, thefts, and issues which impact public opinion, it’s amazing that BitCoin has been able to survive the chaos, let alone maintain its value.

A lot of people have been able to make a fortune out of this strange currency, and the market is always growing and changing. Of course, though, it’s crucial that you consider whether or not you’ll be able to make money with it before you invest. Is BitCoin still lucrative?

The Competition

The first area to consider when trying to answer this question is competition. There are a lot of other miners out there, and plenty of newer cryptocurrencies which would also steal the stage.

Of course, though, given that the market for BitCoin doesn’t depend on whose mining it, this shouldn’t put too much of a barrier between you and your fortune. It will make the process more risky, as you could find yourself being undercut by other miners or currencies, and this can be a hard trap to get out of when you’ve already invested heavily.

The Operation

When BitCoin first hit the scene, mining it was possible with a powerful gaming computer. Times have changed, though, and the hardware which is used for this job has only been getting more expensive.

It’s often cheaper to simply buy an existing farm, nowadays, with up to date farms producing far more BitCoin than you might expect. Going down this route is nice and secure, but you will have to do some serious math to figure out if you will make money after you’ve bought the farm itself.

The Buyers

This next area is one which BitCoin certainly isn’t short on; buyers. Loads of people want to get their hands on this currency, whether it is for personal use or as an investment.

Websites like Bittylicious make it possible to handle this using automated processes, and this gives you the chance to sell your BitCoin without having to do any real work. Of course, though, you could probably make more by selling it by yourself.

The Future

One of the biggest challenges faced by cryptocurrency miners is predicting the future. Facebook is working on its own currency, and there are countless other examples of up-and-coming coins which can’t be ignored.

If you choose BitCoin this year, you have to be prepared to look at different coins next year, as this market can change in a heartbeat. Most people don’t understand the work which has to go into this area, and will assume that their investments will last forever.

With all of this in mind, you should be feeling ready to take on the challenge of making BitCoin lucrative. A lot of people struggle to understand this field, and this can make it dangerous when you’re first getting started. To solve this issue, you will need to learn a lot about digital money, and this could be a lot of work if you’ve never touched the field before.

How Putting Your Safety First Will Protect Your Money

Protecting your money is something you should be doing anyway, but did you know it’s not always in the most obvious ways that you can do this. Staying safe in all aspects of your life will protect your money because if you a reckless, it costs money.

Stay Safe Online

This is one of the obvious ones, but still very necessary. IF you’re someone who uses the same password for all your accounts – Amazon, eBay, Asos, then if you have ticked the box for ease, then your card details will be saved, and if someone can manage to guess one password, then they have access to everything. Test how secure your password is via howsecureismypassword.net.

This will give you an estimated time for how long it would take a computer to crack your password, and it also offers hints on how you can improve it. Then once you know this, it’s important to up your security by using a password manager such as LastPass.com which can store all your log-in details and also protect them with just one single master password. It also enables you to automatically change your existing passwords to a random series of symbols, numbers and letters without having to visit each particular website.

As well as passwords, make sure that you scan for viruses and spyware regularly, You can buy premium antivirus software, but if you want a free one PC Advisor magazine recommends Avira.

Stay Safe On The Road

This isn’t the first thing that springs to mind when it comes to protecting your money, however, if you think of it from the other side, if you are not safe on the road and you have an accident it will cost you a lot of money.

It could cost a lot to repair the car, getting a new car, repairs to a car you hit, if you are injured it could mean that you need to have time off work and will lose out on money there. You may also have to pay for services from somewhere like NBA Law Firm who has gained a reputation for high-value value settlements and verdicts in car wreck cases.

Stay Safe While Travelling

fun

As a tourist, you are already susceptible to thieves and pickpockets, so you have to take extra care of your money and possessions. One of the best ways to protect your money while you are travelling is to use credit and limit the use of cash. While it is easier to stick to a budget when using cash, cash isn’t replaceable, and if you lose your wallet or someone steals your money, you can lose all of your travel funds.

However, if your credit card is stolen, then you are not liable for unauthorized charges. Even with a debit card, your bank will refund any fraudulent purchases. It’s a good idea to bring some cash on your vacation, but just don’t carry too much.

It’s also a good idea to avoid secluded ATMs. Instead, go to cash machines located inside your hotel or near busy areas but don’t visit them at night or in the early hours of the morning. 

Stay Safe In Your Home

dream house

Keeping your home safe will also keep your money safe. If someone gets in your home, not only will you need to replace valuable items if stolen, but a thief will no doubt be able to find all the information about your bank accounts from inside your home. 

Start off by getting a security camera. It is invaluable to have another set of eyes looking out for you and your home. Having a security camera means that you can check on what’s happening when you’re away from home as they are usually smart these days and you can see what’s going on from an app on your phone. They also act as a deterrent and can force a burglar to think twice before targeting your house.

Another smart idea is to get yourself a smart doorbell which can give the impression you’re at home even when you’re not. They are usually easy to install and highly affordable and come with live video streaming, remote viewing apps, and two-way communication that lets you see and talk to whoever is at your door.

This provides extra security, and it also helps you protect yourself from a home invasion or other violent attack when you are home. Forget having to get up and look through the peephole—these doorbells allow you to see who’s at the door from wherever you feel safest.

Building A Financial Safety Net

Saving is really important, but most people don’t realize just how important it is until the time comes and they haven’t got anything saved. When financial emergencies arise, and they do, there is nothing worse than knowing that you aren’t covered. You need to take loans, borrow money, and hope for the best. It is actually a terrifying situation and can pile the stress on really quickly. 

In fact, many financial emergencies are why many people end up in dangerously high debt and in some cases, financial ruin. For example, imagine you were in a car accident and unable to work? Aside from needing a settlement calculator, you’re going to need some cash to be a cushion until you are back on your feet. 

Emergency Fund

These are the funds that you tuck safely away in an ISA or any other locked account. You need to be able to access these funds at a moments notice. Ideally, you will have at least 6 months worth of money in there that is free to use if anything should happen. So when you make the decision to save, this is where you want to start putting your money. You should set a budget to work out what you can safely put aside. It might mean that for a little while you’re going to have to make some cutbacks on what you buy and the entertainment options you have. But this is worth it. Where possible, create an automatic savings plan, so that the heavy lifting is out of your hands. 

“Do not save what is left after spending; instead spend what is left after saving.” 

Warren Buffett

Life Insurance

So many people skip this thinking that it won’t matter if they have it or not. Assuming that they have time to arrange it all. But the truth is none of us know when that time will be up. And if you already have dependents, or you are planning to in the future, then they will need financial security. If you have a house that is currently being paid off via a mortgage, then you are seriously going to want to think about what will happen if you can no longer make those payments. 

Long-term Disability Insurance

If something happens and you aren’t able to make a regular income any more due to injury, then you’re going to be very happy that you have this. The safety net isn’t there for fun, it’s there for the what-ifs. Many people think this coverage is a luxury, but it should be considered a necessity if you have housing repayments, children, a significant other, and of course, medical bills stack up thick and fast. 

Retirement Plan

You should sit down and work out how much you will need to put into your pension from the age you are now, to the age you want to retire – and see if it is going to be possible. Where possible, take advantage of any government schemes to match what you are putting into your own pension pot. You’ll also do well to take out other long-term savings that can be accessed after a period of years. Keep rolling that cash up, and cash outcome retirement time. The fact is that most people can no longer finish as early in life as the once could, and retirement really needs a lot of consideration.

Savings

A general savings pot for rainy days is undoubtedly something you’ll want to do too. You don’t need to put a lot of money into this. Instead, you are going to be looking to skim off the top of what you are spending elsewhere. There are many apps that will now do this for you, and they have a low yearly charge to do so. There are some that will also automatically calculate what you can afford to save and put it into a savings pot for you. 

Even a penny jar emptied once a year and put into an account over the space of a few years will give you a little bump. 

Your financial safety plan has more to do with the people you love and want to look after than it does with you. But, that safety net will be the thing that keeps a roof over their heads and food in their bellies when it really counts. So if you aren’t saving and you don’t have those vital insurances – make those changes today, you never know when you’ll need them.