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Showing 20 of 505 results by smile1218
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Board Economics
Re: How much food can you store for survival?3
by
smile1218
on 17/07/2023, 23:48:27 UTC
I was think about storing emergency supplies for 2 people.

How affordable is it to store enough food and water for myself and my wife.

A few years ago hurricane Sandy hit New Jersey hard and the shelfs were bare.

Pandemic came and lots of shortages.

So could I reasonable store 30 days of food and water for my wife and I.

How much space?
How much food ?
 how much water?

propane?

I am a diabetic so I use high protein and fat low carb diet.

30 days means
30 cans of chicken
10 cans of tomatoes
10 cans of chickpeas
10 cans of cannaelli beans

10 pounds of roasted peanuts
 5 pounds of walnuts
5 pounds of almonds

a bottle of multi vitamins

and 100 ½ liter bottles of water
a dozen cans of peaches
a dozen cans of pears
some parmalot as it keeps
some cereal

The above should do the trick for my wife and I. For maybe 45 days.

I can afford to have the above list I am thinking a lot of people can’t.

So how exposed are people to a solid disaster.




No fresh meat
No dairy since refrigerated goods may be gone.


I would think most of the world is a short time away from real food issues if food shopping is shut down.

your thoughts and ideas are welcome.

That is a great plan. We never know when will the natural calamity or another pandemic will occur. Like what happened during the pandemic when the government declared the restrictions during the pandemic, it restricted the people of going out and it ends out people in a panic buying situations because they were not able to store foods and other necessities they needed. Same with calamity like hurricane, earthquake etc. How lucky are the people who can store and save food in times of calamity and pandemic, Because a lot of people do not have the capacity to buy excess food for storing in times of calamity and pandemic. But as for me i will store some food in preparation for calamity and pandemic little by little. As per your lists above just in case calamity and pandemic will not occur maybe you can consume them before they reach expiry and make it a point that you will buy some replacement so that food you stored will not go to waste.
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Topic
Board Altcoin Discussion
Re: Does Bounty really pay?
by
smile1218
on 15/07/2023, 12:20:59 UTC
Sometimes I find myself being added to Telegram groups where they are doing bounty campaigns for new coins but at the end of the day, people will start complaining that the project is dead. In most cases I exited from the groups immediately I find myself there because I feel they are prone to defrauding people.
This makes me to wonder if bounties really pay.

There are a lot of campaigns are circulating not only on telegram but also in other social media. A lot of new projects tend to be scam they are just active only during the promotion and if they had convinced investors to invest they closed upon reaching their target investment. But of course there are also a good project who do really pay during the bounty campaigns. You have to choose and evaluate which one is a good project or it is a doubtful project. So before joining evaluate first so that you will not regret joining the campaign specially if the bounty campaign did not pay at the end of the campaign.
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Topic
Board Bitcoin Discussion
Re: Investing in Bitcoin in Student Life
by
smile1218
on 14/07/2023, 14:04:56 UTC
A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.

Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.

Glad that you follow your friends suggestion. I agree with you that investing in bitcoin is better than depositing money in the bank because for example you had deposited a huge amount in a bank the guaranteed only by insurance cannot cover the excess on their guaranteed insured amount. I like your determination to save to be able to invest, that is the spirit of positivity but of course you have to ensure that the money you are investing will not sacrifice your daily financial needs. Buy bitcoin in a low price and keep it for a long time to be able to generate profit.
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Topic
Board Economics
Re: Invest in Marketing
by
smile1218
on 13/07/2023, 06:35:08 UTC
Well, no matter how good your product and services if you will not promote your business definitely it would not be known. And here comes now the social media platforms. Social media platforms has been a good marketing strategy for small businesses to be able to promote products and services. For a businessmen who is just starting up, promoting products in social media app could be a great marketing strategy. For example there are small influencers that they just need to have free samples of your product and they will showcase it on their social media platform in return of the free products you had given. Even if they are just small influencers they can attract their followers to buy your goods and services. There is an ongoing marketing strategy in social media platforms that called the Affiliate program wherein users will promote your products on their wall and when someone bought it they will receive a percentage on the amount of product that will serve as their income or your payment to them for advertising your product. And I think a lot of users has been doing that and they do create more income on that particular marketing program, that is one of the most effective marketing strategy nowadays.
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Topic
Board Bitcoin Discussion
Re: My personal savings now I will invest in Bitcoin
by
smile1218
on 13/07/2023, 06:19:47 UTC
I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion

Before investing in Bitcoin make sure you have a thorough knowledge of what you will investing. If you are hesitant and you still don't understand your decision you try to invest in a small amount because actual trading could be the best teacher. Also make sure that you will invest only what you can afford to loose. Never  invest all what you have you can diversify it or do the dollar cost averaging. Think so many times before investing so that you will not regret it what ever happens to your investment. Assess yourself if you will keep that investment for a long time or you just wanted to do a fast trading. The decision would still be depends upon you.
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Topic
Board Economics
Re: Do your work.
by
smile1218
on 13/07/2023, 00:43:15 UTC
We all have different occupations and work for different companies. We work hard and keep improving ourselves to show our company owner how good we are at our work and how efficient we can be in growing the company. But all we are doing is helping grow someone else's companies. All our talent and struggle is to help someone else earn more money. What are we doing for ourselves? At some point in our life, we must grow our own businesses for our own safety.

The title "Do your work" refers to growing your own business. We all have some skills in different sectors and we use all of our energy to work for a company and get a monthly salary. But we are not supposed to work for that company till death. so how will we bear our living expenses after retirement? Most people do not think about that.

You can say yes they do. They do monthly savings for their retirement plan.

But this is not savings or investment. Your fiat currencies lose value every year. So Your 30 years of saving will be the same in numbers but not in values.

So what can we do then? We have so little to grow a business.

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.


That is true we do all have different occupation in different companies and we do really work hard for it. We cannot be dependent only to our current job because we do not know until when the company will be operational, and also we do not know until when the company wanted our services for their company. I agree with the we should grow our own personal business, making a business on our own could definitely help us secure our future especially we could save for our retirement. In the event that we are no longer working for our employers there is a business waiting for us, we just need to keep the business growing to be able to sustain our daily and future needs. And we should also diversify our extra money to other investments.
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Topic
Board Economics
Re: Fast Transportation Makes Economic Turnover Faster
by
smile1218
on 12/07/2023, 08:23:02 UTC
Quote
izza lovers attending the Glastonbury festival in the United Kingdom are in for an extraordinary surprise this year. Domino’s, the renowned pizza chain, has been making waves on the internet for a different kind of pizza delivery service. The video circulating on social media platforms shows the use of jet suits. Daily Mirror reported that as music enthusiasts prepare to immerse themselves in the festivities at Worthy Farm in Somerset, their pizza cravings will be catered to in an unprecedented way. Domino’s has recently launched a trial of the world’s first jet-suit pizza delivery service. The footage shows a pilot effortlessly soaring above the Glastonbury pizza place, sporting a custom-made jetpack. With a specially designed delivery box securely attached to the jet suit. Equipped with jet-engine powered arm mounts, the pilot propels into the sky, gracefully gliding over the vast fields of Glastonbury.

The article above shows a video about a pizza delivery that was carried out by Dominos using a jet pack. that's why I was inspired to make this topic

do you all agree that with the emergence of fast transportation now, the economic turnover is also getting faster, this is based on the fact that any delivery will be distributed quickly, automatically it will make the price of living necessities and kind remains stable as long as it can be distributed quickly!

- Video Shows Delivery Agent On Jetpack Flying To Serve Pizza; Real Or Fake?

I agree with you the emergence of fast transportation now can certainly contribute in making economic turnover faster. When goods and people can move quickly and efficiently, business can operate more smoothly and respond more quickly to changes in demand. This can lead to increased productivity and profitability, which in return it can drive economic growth. If a country has a fast transportation the mobility of the goods to be delivered to respective cities can cover up the supply and demand. It is good especially when the goods we will transport is perishable with fast transportation it can prolong the freshness of the goods.
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Topic
Board Economics
Re: Ignore this Classic Business Law or Follow Your Instincts?
by
smile1218
on 11/07/2023, 00:50:20 UTC
I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.
 
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

For me you should follow your instincts. It is hard to invest if you are 100% not sure and if you cannot afford to loose what you are investing. I  know for sure that more people experienced that kind of missing out an investment, of course the regret could always be in the end. But what if he invested on an early stage then later on it went bankrupt, for sure he will also regret that. So better yet follow your instincts and make sure that the amount you will invest is what you can afford to loose. Also research first before investing to be able to know if it is a reliable or a scam project. At the end of the day your decision to invest will be depend on yourself. 
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Topic
Board Altcoin Discussion
Re: Is it wise to stake your crypto currency
by
smile1218
on 11/07/2023, 00:13:52 UTC
In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

I think staking crypto currency is a wise investment strategy for those who believe in long term goals. Staking is a process of locking up your crypto currency holdings in a wallet to support the network and validate transactions, in exchange for rewards in form of additional crypto currency. With staking your holdings will grow in long term. But make sure that the coin you will stake is have the potential to grow in the future, if you stake a low developed coin you might lose the price value forever. For me it is better to stake Bitcoin or Ethereum for a long period of time. But then again it is up to you what coin are you going to stake.
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Topic
Board Economics
Re: Automating your savings will help you save more
by
smile1218
on 11/07/2023, 00:03:35 UTC
As humans, we tend to have a need for immediate satisfaction. These needs keep increasing on dialy basis, if one decide to go by all these needs, one may end up without a saving. Most time we are faced with a decision like whether to spend our money on our daily needs or to save them. Here, we may likely to be biased toward our present selves, so we're likely to make the choice that will benefit us most at that moment which mostly will be buying our daily needs. However, we can overcome present bias by taking away the ability to choose between saving and spending altogether. This is where automating your savings comes in.

What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.

When you automate, you eliminate a decision – to save or not to save. Once you decide to set up auto-save and go through the initial process, that’s all. You keep saving at interval without a need to make a decision on either to save or not. With this one savings keep accumulating with time till one have a reasonable amount.

With automatic savings, ones monthly salary becomes: Salary- Automatic savings amount. With this, one will only calculate is daily needs on the remaining amount rather than calculating on all it's salary.

CONCLUSION
Saving money isn't something easy, it comes with determination and self-discipline but with automatic saving one can easily set his/her saving amount at interval.

That is true. Automating your savings can help you save more it is a good strategy specially to people who do not have control in their spending on their wants. Automating saving is good for people who have extra money on their salary because if you have a low salary and your salary is just enough to cover up your daily expenses, it would be a bit harder. Not everyone have extra fund on their salaries. But to be able to automate savings  you have to do side jobs so that you can have extra income to be able to automate your savings. I had done that in the past and i know how it feels if your salary is just enough to cover up expenses. It is hard to save if you do not have extra in your salary.
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Topic
Board Economics
Re: A steady source of income is a man's bottom line to support his family
by
smile1218
on 10/07/2023, 23:52:47 UTC

I mentioned somewhere that my closest friend has been unemployed for over a year due to the devastating collapse of his line of business and and his wife's sickness. Last time we met was a month ago and he was depressed in certain ways which worried me a lot. I called him to see if he was fine last Sunday and he told me he was looking for jobs and the next day he would go to several interviews. I was glad to hear that. Last night I called to follow up and he said the interviews were not going well. I aksed why. He told me that nowadays most companies are not doing well, barely making even actually. The interviewers would just say the job is not entitled to any insurance or benefits, what they can offer is a very low base salary and the commission part would be subject to how many sales the employee can bring to their company. My friend was not willing to take any of them because he has a family to feed and his wife's condition is unstable which could need a lot of money for surgery at any time. I understand him and am trying my best to help him find a high-pay job.

My friend's story sends me a signal: no matter how much I earn right now, try to keep my job and souce of income stable. I am also a family man and have responsibilities. Anything bad can also happen to me so I have to be prepared to the unforseen problems, although I am doing fine now. Make hay while the sun shines. If you have any advice for my friend, please let me know. Thank you.

It is sad that your friend is experiencing that kind of situation. Nowadays it is really hard if you are unemployed and no source of income plus you are thinking of the health of your love ones. It can really affect your mental health and the daily lives of your family. With the recession happening in different parts of the world it is really hard to find a job that will offer a good salary base plus benefits. If your friend will be choosy in finding a job that will be a problem. He should atleast accept the offer even if it is a lower base salary because with that it can help in their everyday financial needs. Then find other side jobs that can bring extra income for him. There are a lot of online jobs available in the internet, he just need to be patient in finding one. I agree with you that no matter ho much you earn we need to have a stable source of income and also save as long as you can to prepare in times of need.
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Topic
Board Economics
Re: I cannot go home if I don't make a lot of money now!!
by
smile1218
on 07/07/2023, 06:00:25 UTC
when i was kids, i need to study very hard, to get a lot of score in the test. if i got a zero mark in a math test, i am very scare to go home and show the test paper to my mum.

when i am grown up, i have kids and wife now, i need to work very hard, to get a lot of money in the job. if i got a paycut, or i got fired, i am very scared to go home, i can't sleep well, my head is sweating, the memory of getting zero mark in a test keep haunting me like the nightmare, i need to go out and make a lot of money!!

tell me anything i need to do to make a lot of money. doesn't matter what, i would do anything to get all the money, even if it mean unlawful and unethical!

It seems that you grew up in a negative environment. As a grew up my i never experienced to be scared on failing my grades because my parents did not set a very high expectation. They just let me study and supported me weather i get a  high or low grade. They do not demand and pressure me to study very hard and get this grades. This is just a suggestion do not do to your children what you had experienced when you are growing up. Being in that kind of situation it can affect their mental health and the fear deep inside them will grow and it will stays in their heart and mind forever. For you to be able to make a lot of money you have to find other means like finding a side job, creating your own business etc. If you will pursue your target goals then you will be able to earn a lot of money. Just be patient and work hard.
Post
Topic
Board Economics
Re: Automating your savings will help you save more
by
smile1218
on 06/07/2023, 07:59:06 UTC
As humans, we tend to have a need for immediate satisfaction. These needs keep increasing on dialy basis, if one decide to go by all these needs, one may end up without a saving. Most time we are faced with a decision like whether to spend our money on our daily needs or to save them. Here, we may likely to be biased toward our present selves, so we're likely to make the choice that will benefit us most at that moment which mostly will be buying our daily needs. However, we can overcome present bias by taking away the ability to choose between saving and spending altogether. This is where automating your savings comes in.

What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.

When you automate, you eliminate a decision – to save or not to save. Once you decide to set up auto-save and go through the initial process, that’s all. You keep saving at interval without a need to make a decision on either to save or not. With this one savings keep accumulating with time till one have a reasonable amount.

With automatic savings, ones monthly salary becomes: Salary- Automatic savings amount. With this, one will only calculate is daily needs on the remaining amount rather than calculating on all it's salary.

CONCLUSION
Saving money isn't something easy, it comes with determination and self-discipline but with automatic saving one can easily set his/her saving amount at interval.

That is true saving money isn't easy, and it comes with determination and self discipline. Automating your savings on a monthly basis is one of the most effective way to save more money. It can be done by setting up automatic transfer from your bank account to savings account to ensure that portion of your salary is saved every month without having to think about it. But of course before you set it up make sure that the allotted portion is an excess money on your salary so that your budget for your daily needs will not be compromised.
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Topic
Board Economics
Re: How to increase capital investment
by
smile1218
on 06/07/2023, 01:19:47 UTC
To be able to increase capital investment there are several ways to increase them. You need to improve your profitability. Investors are more likely to invest in businesses that are profitable and have a strong track record of generating returns. Build relationship with investors. Reach out to potential investors and build relationships with them and overtime they will be interested to invest in your business. Try to find other funding sources available like crowd funding, peer to peer lending and others. Try to increase profit to be able to increase capital investment.
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Topic
Board Economics
Re: The cost of living is trying to kill the living
by
smile1218
on 05/07/2023, 23:40:38 UTC
While growing up things were quite easy, an I also know that life was also easy for the common man, not until 2018 that things start changing for the worst, from then till now the rate at which inflation have struck my country to an all time high is so alarming.
  Everyday price of things keeps on changing but the salaries of a civil servants still remain the same, the money that we use too feed from, buy water, pay rent, pay for light an even save from, now it can't even service our monthly needs for even half of the month.
 Most times I feel for people that have many children because too get basic needs in today's economy is very difficult,
  the annoying part is that the government an it agencies are doing nothing or less about the cost control of goods and services in the state.
An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.

That is true in the past things were quite easy and the lifestyle is not that expensive. As time goes by in the increase of inflation all around the world, life is now getting harder because of the high cost of living. Food prices nowadays is very expensive as well as electricity, water, internet charges, post paid lines, even the tuition fees at school etc. Todays economy is very difficult especially to less fortunate people. Here in our country mostly minimum wage increase a small portion of their salary but still it is not sustainable to their needs. For the above minimum wage the salary remains the same no movement at all that is why it is hard for regular employees to manage their finances with the increase in prices of basic necessities the salary did not even get higher. Everyday is getting worst, but if we will find some other option maybe we could survive.
Post
Topic
Board Economics
Re: What roles does the poor play in the Economy?
by
smile1218
on 05/07/2023, 07:48:42 UTC
In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.

I think the poor plays important role in the economy because without the manpower coming from them the businesses in different countries will not move or will not operate. They can contribute positively in our economy because as consumers they can  impact on the purchases of goods and services which is much needed by the businesses to be able to survive the economy. The demands create by this people from basic necessities like food and clothing and the likes would definitely run our economy. That is why the poor play an important role in the economy.
Post
Topic
Board Economics
Re: Use your money wisely. Invest or Deposit ?
by
smile1218
on 05/07/2023, 07:38:59 UTC
Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

For me i will diversify my portfolio. I will invest in bitcoin and at the same time i will deposit some. I will wait for the price drop of bitcoin before investing in it as we all know that bitcoin and other crypto currencies is very volatile, and i am planning invest on the right timing so that i will not regret my investment. For the deposit i will deposit part of it that will be set aside for emergency fund. In case of emergency i could easily withdraw that savings in the bank. So while there is no emergency yet it would still generate a little bit of profit if it stays at the bank.
Post
Topic
Board Economics
Re: Fast Transportation Makes Economic Turnover Faster
by
smile1218
on 04/07/2023, 08:15:57 UTC
In my own opinion it is yes, fast transportation makes economic turnover faster because when the goods and the people move quickly and efficiently it could have a positive impact on the economy. Fast transportation can reduce the time and cost of moving productivity and efficiency, as businesses can receive necessary supplies and materials more quickly. It can also increase the speed at which products are delivered to customers, which can improve customer satisfaction and loyalty. Fast transportation can also improve access to the markets. It can attract more businesses and investors which in return it can create more jobs and increase economic growth. 
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Topic
Board Economics
Re: What will you do when you have Financial Freedom?
by
smile1218
on 04/07/2023, 07:43:04 UTC
If i have a financial freedom i would consider taking courses to further enhance my knowledge and develop new skills. This could enrich my life but also increase my earning potential. With financial freedom i would consider travelling and explore the countries that is in my bucket list. Of course i would also share some of my extra money to less fortunate people to give back and pay forward the blessings that i had received. I would start also my own business when i have financial freedom to be able diversify what i have. Finally i would enjoy the simple things in life and spend it with my loved ones and give time to myself.
Post
Topic
Board Economics
Re: How to increase capital investment
by
smile1218
on 04/07/2023, 00:35:41 UTC
To be able to  increase capital investment is we need to improve the overall financial performance of the company. This can be done by increasing revenue through sales growth, reducing expenses and improving profit margins. Companies can also explore new markets, products or services to diversify the revenue streams and attracts new investors. Another way is to establish partnership with other companies or investors. If there are companies that are interested to invest in your company it could help to increase your capital investment. With that your company will grow bigger and with proper management it will be more profitable.