The Original Think Magazine (Published since 1996)
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Economics

book reviews
It's the economy, stupid!
Thinkonomics

"A LARGE PART OF CRIME IS ECONOMICS. THE CONVERSE IS TRUE AS WELL." - Jeffree Benet

Someone working hard to buy a house and raise a family is less likely to turn to crime than someone sitting on the Board of Directors with no checks on corporate irresponsibility...

Diversifying Your Money In Foreign Currency

With currency being an extremely hot topic at the moment (when is it not though) it might be a good time to look at how your money is being banked or invested. It no secret that having one hundred percent of your empire stashed in one place whether its property,  shares, investments, a single currency or any other single place that can drop and leave you desolate in a moments notice is not wise. Diversifying your money is a way of making sure this doesn’t happen.  

 

Diversifying allows you to spread your assets in different investment opportunities incase one sector goes bust. By allocating your money into different sections of an investment portfolio, you don’t have all your eggs in one basket, so to speak.

 

There are various ways of breaking up and distributing your money. Putting your money into an overseas account is helpful, easy and low-risk way to start diversifying your wealth. Here are a few reasons to think about putting your money into an overseas account.

 

Investing

 

With so many global opportunities its wise to have offshore accounts in countries you are wanting to invest in. Having a local account in the country you are doing business with makes investing less of a hassle and can come with a lot of benefits. Start up hubs like the EUA make an ideal place to set up an offshore account. Dubai-offshore can open offshore accounts in the EUA making it easy to invest your money in the country. 

 

Taxation

 

Having money offshore can have great tax benefits. Keeping a portion of your money out of the tax jurisdiction in your home country can drastically reduce your tax bracket. Many times off shore accounts will not charge you for capital gains or gains made in stocks or investments. 

 

Exchange and Transferring money

 

Having the option of withdrawing and transferring money out of two account with different values is beneficial when needing to exchange funds or putting money in other accounts. The services are fast and typically free or very affordable. 

 

 

Borrowing and Credit

 

Needing to find alternative mortgages or mortgage rates are a benefit of having an off shore account. Same goes for credit or lending services. Rates and interest can be much better than in your local account.

 

Access

 

You’re money in offshore accounts will be available 24 hours 7 days a week. For many of these accounts, service is set up knowing that many foreigners have their money set up in their accounts. They add extra services in order to meet these clients needs.

 

 

Security

 

Many times these accounts offer greater security, increased privacy and greater financial freedom. Security is taken vary seriously for these banks

The importance of keeping your computer healthy

Everything now-a -days is run on computers. Our banking is done online via our computers, home security is controlled via our smartphones or tablets, and even our electronic devices (televisions, etc) can be controlled by a single tap of a mouse. Think about all these important passwords to all your different accounts that are saved on your computer. Take a moment and think about what is on your computer; All the files, photos, videos, games, apps, etc. all living on one little device. Now, what if all these above mentioned items suddenly vanished from your life? Devastating to think about, isn’t it? 

In today’s technology-driven age where we are more inclined to make a Facebook album than an actual album, we need to make sure those baby photos are safe and sound considering they most likely will only live on our hard drive than our coffee table. With sites like iolo offering full-service computer help - from repair to backups to basic computer tips and tricks - there really is no excuse as to why your computer should ever crash (aside from it dropping into a pool or being left outside in the summer. 

How can you tell if your computer is about to crash? Look for this simple ailments to make a proper diagnosis: 

Take this time to give your computer a once-over and ask yourself the following questions:

  1. Is it running at the same pace as when you purchased it? All computers will slow down, but only to a certain extent.
  2. Have you backed up recently? Whether it’s to an external hard drive or in the cloud, back that thing up!
  3. Is it time for a new system? It might be wise to upgrade your system now before it becomes too late.

We tend to forget about things like a computer crashing when we have to worry about mortgages and jobs, but it is something that tends to get overlooked when it shouldn’t.

Spreadsheets housing budgets, videos from your daughter’s birthday, and important life insurance paperwork could all suddenly disappear before you can say, “external hard drive.”