Planning a Family Sporting Clay Event for the Holidays

When my grandmother said she didn’t have it in her to cook a big holiday meal this year, I suggested guns and dinner. A few of my other family members were gathered with us when I said it. They know I like to bring a little intrigue first before the reveal, so my Aunt said, “Okay, I’ll bite the bait there. What do you mean?” I told her that we could have a Christmas party in Bristol at Lady’s Wood where we all go and shoot clays. No one else knew that they provided that service.

They have the Christmas Cracker package where everyone can eat and shoot 125 clays each. My grandmother told me she didn’t have the energy to cook a huge meal, but that she was ready, willing and able to go shoot clays with me. That’s my grandma! I was glad to be able to perk up her interest for the holidays this year. She is so much looking forward to our scheduled event. She can really shoot, and she is someone to be reckoned with when it comes to clay pigeons. Continue reading Planning a Family Sporting Clay Event for the Holidays

We Want to Reduce Our Portion of Waste

There are times I just get disgusted with humans. I hope that is not taken the wrong way, but sometimes we just don’t think. Take a look at how much food we waste every day. How much water we waste when there are people who have no access to clean water. We are putting things in landfills that are extremely dangerous. I was reading up on this one evening, and I knew that I needed to look further into waste management services after seeing just how much of a difference can be made when we take active steps to live better lives here.

I am not trying to sound poetic or like I am the superhero of environmentalists, because that is just not the case. I do know that if we all do our part though, that we can make this world a much better place. I was interested in food waste management the most, which makes sense since I am in the food industry. Continue reading We Want to Reduce Our Portion of Waste

I Love the New Look of My Office

I looked around at the office I have had for nearly three years. I was not extremely pleased with it, but I also knew that I could have done a lot worse. The best feature of it is the lighting, because of the many windows that are throughout the different offices. Natural light comes in and just makes the entire office look nicer than what it is. I was looking around though and knew that I wanted more, which is why I did a search for office interior solutions. I knew that I did not have the creativity to make it look nicer, but I was willing to pay someone else who did possess that. Continue reading I Love the New Look of My Office

7 Reasons Why You Should Invest in a Fixed Deposit

If you’re thinking about investing in a fixed deposit, then you’re already on your way to securing your financial future. This is not just a smart move, but also a move where you can find a lot of returns for you.

Investing through a fixed deposit scheme have become widely popular, since they are one of the most stable methods of investing, and you’re assured of getting a return. Once you start looking into FDs, check the interest rate that your bank is offering you and see how much you stand to gain at the end of the tenure period.

Let’s take a look at why fixed deposits are one of the best methods of investment.

They’re One of The Safest Methods of Investing

If you’re thinking of investing in something like the stock market, then you know that there’s a considerable level of risk that you have to take into factor. You could stand to gain a lot, or you could lose everything that you sank in.

But that’s not the case with fixed deposits. They’re known to be one of the safest methods of investing. You can choose FD investment schemes that will always expect a return.

They’re Flexible to Your Needs

By flexible, I mean that they’re essentially tailored to have maturity periods that are suited to your convenience. You can choose to lock in a sum of money for as little or as long as you want. Keep in mind though, that you won’t be able to access the money during that period, since it is in the maturation period. Keep this in mind when you’re thinking of opening a FD account.

You can also tailor your periods so that you can qualify for fixed deposit tax benefits, saving you from having to pay taxes on your investment.

They Can be Compounded if you don’t Need your Money

After the end of the maturity period, if you don’t need the money from the fixed deposit, you can reinvest it again and gain additional interest from the total amount that you got. This compounded interest can add up to a lot of gains over time, so if you’re someone that can trust themselves to have a lot of money tied up with the bank for an extended period of time, then this is definitely something for you to consider.

Relatively Safe For Senior Citizens

If you’re a senior citizen, you’re well aware of how precious your money is. You don’t have a stable salary anymore, so you’ll have to think about managing every little bit. For senior citizens, fixed deposits can be a good way to get some extra cash through the money they already have. This means that you won’t have to spend out of your life savings to ensure that you can get through the remainder of the month.

You’ll also find that banks will offer senior citizens a higher interest rate on FD than regular customers, so you can take advantage of that as well.

You Can Save on Taxes

While in other methods of investments, you can and will be regularly taxed, fixed deposits are only taxable once they break the exemption limit. This means, if you can plan your deposits properly, tax saving methods can be all the more beneficial for you, keeping money in your hands without having to pay taxes unnecessarily.

They’re Easy

Other investment routes can be difficult, since you’ll have to do days of research and walk through complicated procedures to get started. That isn’t the case with fixed deposits. They’re relatively easy to open and easier still to maintain.

They Can be a Regular Source of Income

If you have a number of fixed deposits in a number of banks, they can also be a sizable source of income for you, meaning that you can put your other money into other investments, keeping your finances secure.

Cloud Mining Contracts – Are They a Good Investment?

As readers of my blog know, I will only promote products and/or services that I myself use or invest in. I wanted to provide an update to the cloud mining contracts that I recently purchased. Cloud mining works differently than traditional mining in that you do not purchase any hardware to do the mining for you. This means you do not incur large electricity costs associated with owning your own machine. It is all done by others and you are simply buying into a pool. When I started them on May 23rd I wasn’t really too sure what to expect.

Since two weeks have passed I figured I have a good amount of data and info to provide a solid report. The first contract I started was with Hashing24. They only offer Bitcoin mining. The way it works with them is you buy whatever hashing power you want (for more on that see my post “mining”). They have plans that are as low as 100 GH/s and cost as little as $18. Because they offer indefinite contracts, you pay a small daily maintenance fee of $.033 per 100 GH/s.

The upside to Hashing24’s model is that once you pay your upfront amount you can theoretically collect daily payments forever. In that manner it is similar to buying an immediate annuity.

In the interest of full disclosure I purchased 4500 GH/s ($800). After the daily fees are subtracted and, depending on the value of Bitcoin, I make around $7 per day. If we extrapolate that out it would be about $210 per month with a break even point of just over four months. That’s not too bad an investment because everything after month four would be pure profit. One thing to also keep in mind is that the mining difficulty will increase in the future which will eat into your profits.

On May 25th I decided I wanted to start a contract to mine Ethereum. The Ethereum blockchain technology is being embraced by all the major crypto companies and I actually believe that it will one day pass the value of Bitcoin. It currently about half its size with a market cap of $20,505,000,000 compared to Bitcoin’s $41,888,000,000.

I purchased my Ethereum cloud mining contracts through Hashflare.io. At first I purchased 35MH/s and later to decided to add another 15MH/s. The contracts are for one year. Hashflare also allows you to change the percentage of hash power you want in each pool. If you see one pool performing better, you can put a higher percentage into that one.

The cost for 50MH/s was $1,090, but I got more bang for my buck because I paid in Bitcoins and the value of my Bitcoin purchase appreciated. This meant that my Bitcoins went further and, in reality, effectively cost me around $900. Let’s go conservative and take the higher amount of $1,090.

The calculator on their site predicts that at the current price of Ethereum ($223) I would make $2,358 off my $1,090 investment. That kind of return makes it worth the risk to me.

Again, because I am a long term investor in both Bitcoin and Ethereum, I view this as a solid opportunity to diversify your portfolio and at the same time attempt to make some passive income. Keep in mind that cryptocurrencies are extremely volatile and that can wildly impact your potential profit. Do your homework first. If you are a long term investor in cryptocurrency, this appears to be a worthwhile play.