How to improve your savings with this SIMPLE STEPS

The Dreamer mind Magazine

  

Personal Finances

How to improve your savings with this SIMPLE STEPS

Start saving money. Life is all about habits, if you have daily better practices each day, the probabilities will say that is possible for you to have better earnings or at least better savings.

We need to understand that the first step is to accept that we are mentally weak, that we need to say to ourselves -"I have to stop spending my money on things that I don't need or just don't have any real value for me." If we are lucky with this step, everything else will be like a walk in the park.

As I say before, habits are the real controllers of our possible destiny. We need to start doing things that will take us to where we want to go. So, where you can start? Well, I suggest you that start with all your coins. Take all the coins you have and put them inside a can or moneybox. Use anything you like to put all the coins inside. Use this space to save all the pocket coins or returned cash of the day. This habit is a pretty simple, put all the small bills or coins inside a moneybox. After a certain time, you will have a good amount of money there, just because you decide to put it where you can't touch it often.

Now that we start collecting all our money, you need to count and hide all your cash. Be organized with it, discipline yourself enough to have everything organized in your life. Being clean with all your stuff and money will give you the right jump start for being efficient in your savings.

Never put all your money in the same place. You can use bank accounts for at least 70% of your money and the other 30% of cash or investments. Understand that you need to have a monthly income for this. If you haven't created a way to make money, you need to look for a job. Do not think this is a simple task, a lot of people believes that because they finished in a great university, they going to be gifted with a great job. The reality is a lot different than that. There're too many people in the world looking for the same thing you are looking for. Also, you need to understand that at first is better having a job than not having any. So look for balance, try to be as efficient as possible.

Use cash inside your budget; your cash will be the same amount needed to complete the minimum budget of daily consumption. Smart, successful people, cut their expenses the lowest possible, giving them a more beneficial monthly income.

I started with first costs, food, gas, light, water, telephone, and all the other daily things that cost us something. I tried to get monthly numbers for this task,  dividing the resulting number by 30 days. The result will be your consumption point.

Now that we have the Consumption point, we need to live below that level. Try using the limited money method, I used it for a lot of time, at the end of a period I was able to save 50% more of my previous monthly incomes. It is very simple, start with an amount and change it till you get the balance point.

For Example,

Start with 50$, If you spend less than that, Great! You are now able to cut your daily budget ( was $50, now maybe $40 or $35). If this wasn't your case, you need to restructure your budget as a higher one ( maybe $60 or $70). Don't forget that you will need a debit card connected to your savings accounts to complete this phase without problems; you will need a backup plan if you spend all your money. It is not for you to spend more money. Your sub-budget needs to be always 25% more than the original budget. Try to connect all your online savings accounts; This will help a lot if you are in any way an investor.

Now you need to understand that every single thing in your home can consume your monthly income. It becomes the most important aspect for us. Ask yourself, Do I live a lifestyle inside my income limits? How much I spend on things that no longer suits me in my life? You will need to respond that yourself working on your daily budget every day.

Try to use Excel for to help you with the day-to-day and monthly calculations, if you do not know how to use it, look for tutorials online, YouTube is an amazing way to start looking for them. Excel will be your best friend after you learn how to use it. I was able to create longer income and expenses analysis projections.

  

How to get your squad goals

The Dreamer mind Magazine

  

Self-improvement

How to know if your group of friends is a successful squad

Ocean Twelve's Movie

First, I will tell you, that successful squads are very very hard to find. This is a unique combination of skills and knowledge of all the group members. Usually, every man tends to understand that his group of friends can be a successful one, the word for that is "no." Squads can be misunderstood by a group of ordinary people, but no no, it is a slightly different story.  You can put as easy as this, only 2 of 100 individuals can call itself entirely successful. The world's population is close to 7 billion people. That means that only 140,000,000 are successful, and the 40% of that number is a member of a successful squad.

The Wolf of Wall Street Movie

 Urban Dictionary defines "Squad" as an informal group of individuals with a common identity and sense of solidarity. These unique and different people tend to have some similarities, but the great about humans is that anyone is exactly like you or someone else, That makes every squad unique. If skills and habits are combined in harmony, this will make that perfect and unique form of success.

Fast and Furious 7 Movie

Now that we now what exactly is a squad, you need to start looking for those who have similar goals as you. For example, if your goal is to become a bodybuilder, you have to start going to the gym and try to make some friends while you lift some dumbbells. This strategy is the most simple way to start building your squad if the case is that you do not have any friends, but if you already have what you believe can be a successful squad, you will need all of them in harmony, to work as supporters one from another. It is not an easy task in any form. People tend to have many issues making their friend to believe in them. At first, I will tell you that probably they will not believe in your ideas and if they do, they will try to change them based on their perspective of it. It is the moment where you listen, you do not have to believe in anything of what they are saying, but you listen, because all information is useful if it is well filtered. Take the ideas that you can use and throw what's lefts to the garbage. Remember you do not own anything to anyone by doing this, listening and learning at this point is free. 

The Wolf of Wall Street Movie

Now we can start to understand who is with us and who is not. Usually, it takes no time to feel the presence of those who are not our friends. This is people who tend to be jealous of you having an idea or because you are pursuing a goal. They will try to make you feel bad about what you are doing, the work and time put on it or the results that you have by acting on them. It usually happens when people don't have ideas on their own, or they have them and never do anything to make them come to reality. That feeling of watching you doing what they haven't done ever kills them from inside.


"Never listen to naysayers."


You have to let this type of person go from your life; naysayers are the most dangerous thing in the world. They will make all the effort to make you feel that you are wrong, that is not possible what you are doing. Be smart, keep doing your thing and go away from them.

Grown Ups Movie

So what now?, Well is pretty simple, you stick with those who work for themselves, the ones that believe in their inner voice, people that no matter what happens will support you and will be honest with you, even if that means that the truth will hurt your feelings.


Work hard as a team, never hurt anybody to make yourself feel better and I promise you that if you and your squad follows your dreams and support each other on each one of them, you will become a successful squad.

New sport for those who love drones

The Dreamer mind Magazine

  

Technology

Drone Racing: The next big thing

Nowadays we know drones, this are little flying four propeller artifacts that we can use to record from the sky using cameras that we attach to them. Today drones are everywhere; these objects are being used to solve many different problems that people usually have, not only recording from the skies.


Drones are used for Airshows, Land Mapping, Aerial Photography and Cinematography, Racing, Agriculture, Search, and Rescue, are being used for wildlife monitoring, Mail and Parcel Delivery, advertising, for example helping real estate agents, Medicine Deliveries, and much other stuff.

Today we going to talk about Drone Racing, this type of race will blow your mind, believe me. Pilots use small and super fast quad-copters to race through a very challenging flying circuit. Participants use drones equipped with cameras while wearing the head mounted displays that let them see where they are going at the race. The goal is to complete a set course as quickly as possible. These races started to be seen as an amateur sport in Australia in 2014.

In 2016, the sport is an entirely different thing. After groups of enthusiast start creating what today is the FPV Racing League, which creates regulations and rules to offer a fair race among the pilots.

The most accessible league to drone racing is Multi-GP an authentic racing league for first-person view radio controlled aircraft. They also are the Academy of Model Aeronautics Special Interest Group for FPV in the United States.

Aerodynamically talking, quad-copters or multi-rotor aren’t very sophisticated. As a racing, flying artifact, we can say that is a brick with propels and a battery attached. Pilots and their teams need to use their engineering skills to make the aircraft more aerodynamic as more efficient, for example, lighter body better maneuverability. Using techniques such as wind tunnel testing and computational fluid dynamics, commercial manufacturers start working on new aerodynamic developments for their drones.

The Drone Racing League isn't alone in the market. Recently the U.S. National Drone Racing Championship took place in 2015 at the California state fair with a 2-day event and prizes up to US$25,000. It was the first event like this in the United States and it brought more than 110 participants. However this isn't the first event in the world like this, other countries like France, Australia, and the UK held similar events in the past.

It is currently tough for these leagues to find funding due to the lack of knowledge about this new sport. Funds for events like the National Championship come from the state and ticket sales at the event. Now in 2016 the Drone Racing League received a $1 million dollar investment from the same owner of the Miami Dolphins Football Team. It helps the league to find better event locations and to make better circuits to attract more crowds.

Etoro as my first Forex Trading Platform

The Dreamer mind Magazine

Business

Etoro as my first Forex Trading Platform

 To those who don't know anything about Forex trading this can be your first step to get started to learn about the Forex Market and get some money at the same time.

Etoro is a user friendly Forex trading platform and at the same time is a social network. This means it combines a basic and very complete virtues of a Forex platform with a interactive interface with other users in the network. 

-Create an account-

Etoro makes account creation so easy, that i think that almost any person in the world will be able to understand how to create an account. 

To do this you will have to choose one of three options, signing up with a Facebook account, Google+ account or simply creating one with your Email account. 

After your account is created, you will need to verify it, not only with your email account, but also with an ID or passport that proves your identity. 

-Deposit or Demo-

This step for most of us will be the hardest step. Not only because its out money that we are talking about, but also because probably you are new in Forex Trading. 

To start making some money we gonna need to learn about Forex Trading, i suggest you to read the basic information of Forex. What is?, How it works?, What is technical analysis?, What is fundamental analysis?. These are what i think the best 4 questions to start learning about this market. 

Etoro also have a demo account segment, where you are able to make trades without spending any of you money. This is very helpful because we can start practicing strategies without any risk of losing our bankroll. You don't need to deposit any money to use the demo.

Something that I would allow me to say is that the most positive part that has Etoro is the speed with which you can deposit and withdraw funds from your account. You should only use a verified PayPal account for which you are going to manage the entry and exit of funds from your Etoro account.

-Copy Trading- 

Etoro has a unique way of combining the social world with the trading market. The platform let you copy any other trader in the platform without giving them a dime of your money in exchange. This means that if the trader have "good trades" this will translate in money for you. The platform let you do the same trades of other traders in proportion of the money that you invest on them, plus the leverage you've picked when you open the trade.

Down side is that you need to put a minimum of US$100 on the investment.

Upside is that if the trader you picked is continuously making good trades this $100 will become  a "profitable" investment.

Etoro gives them these traders that are being backed bonds when they reach a milestone.

 

-The first trade-

Now everything is slightly less scary than yesterday and on, and on. At the end of the month i was ready to Invest in my own trades. Obviously small trades, using only the minimum trade that is US$25 per trade. 
  
Start small, low risk, low profits. 

Use all the information that you researched to pick any of the available trades to next wait what for happens. 
 
 The platform is very user friendly to everyone. They have a web-trader in which you have the options to pick any of the trades available in the market and a social network site with specs and everything of your performance over time. 

When other traders start following you, then you start reaching for some social-media milestones to get the bonuses.
  
-Conclusion-

Etoro proves that is not that hard to start investing in the Forex Market. It really is a good way to try your way in the investment world. Also if you have skills of marketing you will be able to sell yourself in the social-media world that it is. Incredibly easy to use. 

RATE: 9.0

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