December 14, 2021, 9:54 am

Gold vs. Crypto – Which is the best inflation hedge?

by: The Financial Blogger    Category: Investment, Market and Risk

Rising inflation all around the world has become one of the top concerns among policymakers, but also for institutions and the average person. Rising prices reflect a diminishing purchasing power of fiat currencies, which should prompt you to look for proper inflation hedges.

In doing so, you can preserve purchasing power, but all of this comes with several risks. The debate continues as to which asset is the best inflation hedge and in this article, the focus will turn to gold and cryptocurrencies.

gold vs. crypto as an inflation hedge

Comparison of both markets

Since the pandemic has had a major impact on the global economy, as well as on asset prices, it would be appropriate to first see how gold and the crypto market performed during the past two years. At the March 2020 bottom, the price of gold in USD was around $1,450, later managing to climb above $2,000 for the first time in its history.

It peaked in August 2020, on the back of rising Treasury yields and a strong risk appetite, which led market participants towards other asset classes.

When looking at cryptocurrencies such as Bitcoin, volatility has been much more significant. The price of BTC bottomed at $4,000 and since then rose above $65,000 by November 2021. Some other altcoins have posted even larger returns, but traders should consider the risks involved were (and still are) larger.

Now that the financial industry has been democratized, trading via mobile apps is possible. This puts any individual in a position to get involved in any asset, without requiring a lot of capital or advanced hardware.

Risk appetite – an important factor?

Considering both gold and cryptocurrencies have risen in USD terms, you could conclude these are inflation hedges. An asset return, however, does not mean anyone can take advantage and generate income in the future. The risk profile is important and some traders might perform well when trading gold, while others will feel comfortable taking greater risks with cryptocurrencies.

A divergence of opinions is the case here because each individual is limited by their own beliefs, while in finance there are many different ways to hedge against inflation, each with both pros and cons.

A change of generation among market participants

Conflicting beliefs can also be attributed to the fact that traditional investors and traders, which have been in the industry for a longer period of time, show an appeal for gold, an asset that until 1971 has been at the core of the global monetary system.

On the other hand, as youngsters get involved in finance, they are attracted by digitalization, given they grew up with advanced technology all around them. Which camp will ultimately prevail? It is yet to be seen, but you should keep in mind that emerging industries, such as crypto, take time to mature, and are bound for elevated volatility until that happens.

All in all, diversification among different hard assets remains one of the most trusted ways to protect yourself against inflation risks. As long as interest rates are low and fiscal spending increases each time there’s an economic downturn, hard assets can outperform cash.

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November 16, 2021, 10:34 am

How to Find a Career Opportunity That Fits You Perfectly

by: The Financial Blogger    Category: Career

Just starting out on your career journey? Not sure where to go from here? What even is a “career” anyway?

All of these questions are questions that recent graduates and undergraduates have asked, and for many students, the very idea of leaving the safe confines of the college campus and going into a career is actually pretty scary!

Finding Out Who You Are

Before you go into any career, you should have a good understanding of who you are and how you like to work. You’ll need to know your own strengths and weaknesses, including things like what you are good at and what you are not so great at.

Try your hand at answering some of the following questions honestly:

  • What do you want your career to accomplish in life?
  • Do you have any particular skills that will be important to have in your career if you do decide to move into that field?
  • Are there other possible career choices that might suit your personality better?
  • How would your parents feel about you starting a job?

All of these questions may go through your mind when starting to think about what kind of job would best suit your lifestyle.

Getting the Right Education

Education plays a huge part in any career search. Like many things in life, a formal education makes a big difference in your future. That doesn’t necessarily mean going to college or university, though!

Lots of people have started their own businesses or have pursued amazing careers because they have a natural curiosity and desire to learn. In other words, don’t discount the value of self-education just because you do not have a degree yet!

If you decide to attend college or university, this is because you will get an education that will help you further your career success. You can expect that there will be tests and other criteria that need to be met before you are officially considered graduated.

Once you’ve graduated with your bachelor’s degree, you can improve your career prospects even further by getting an advanced degree. Courses like the online MBA Boston are perfect for graduates who want to climb the business career ladder.

Matching Your Future Career to Your Personality

Hiring managers are always looking for ways to make their offices more efficient. While having a brisk, organized work atmosphere is generally considered pleasant, it is not necessary to have this for a successful career.

If you are eager to learn about all the different opportunities in this industry, you can be successful by learning to adapt your personality to the type of work that you are applying for.

For instance, if you are applying for an entry-level position in customer service, your goal should be to get along with and help people as quickly and effectively as possible.

To find out what kind of employee is needed more in a particular role, research the job description and compare your qualifications and personal qualities to the requirements.

After you pick an industry that you’d like to work in, you can start thinking about a career path. Think about what kind of career path would suit your abilities and lifestyle best, and start gearing up for the interviews!

The Biggest Decision You’ll Have to Make

Okay, so now that we’ve talked a little about how to find a position in an industry that suits your interests and lifestyle, it’s time to talk about the most important part.

It’s time to decide whether or not this is really something you want to do as a job!

There are lots of things to consider before getting into any one line of work as a career. You need to consider all of the time you’d be willing to invest, the money you expect to make over time, and whether or not it’s something you can do for fun.

You also need to consider how much risk there is involved in your decision.

If it’s a choice between working for yourself or working for someone else, which would suit you better?

Should You Work for Yourself?

Working for yourself has a lot of benefits, but it can also come with some drawbacks.

If you decide to work for yourself, you need to remember that this means you will be working harder and longer hours than your peers who work for somebody else’s company.

On the other hand, you will have more control over your own success or failure in the job. You will be able to set your own hours and even make your business location whatever place is convenient for you.

Working as an entrepreneur is a great way to build up your skills and abilities as well as make connections in the industry that you want to work in.

When you start your own business, you’ll be able to utilize all of your different talents and experience to help you succeed.

You will also need to do all of the work required on your own, but if that’s something that is too much for you, then it is possible to delegate certain tasks out to others if it makes your job easier or more efficient.

And even if you prefer to work alone (or at least not with others), working for yourself allows you to make a choice about the hours of work that best suit your needs. You can always scale back your hours or choose full-time jobs with steady hours after a couple of years of working on the side.

It’s an Exciting World, Dream Big!

Finding your career can be super challenging, but it’s also important for your continued happiness. The fact of the matter is if you do not like what you do for a living and don’t like what it’s doing to your health, don’t leave anything to chance.

If the job is not exactly the direction you want your life to go in, then it may be time to think about changing paths. Now is the perfect time to learn about all the different career opportunities out there so that you are prepared for any career change that comes along in your future.

Finding the right career is hard work, but it can totally change your life in so many ways. The extra time and effort you put into finding the right career will pay off in spades – just give it some time and put your heart into this process.

You’ll be glad that you did.

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July 22, 2021, 8:12 am

How to Make Money Online During and After the COVID-19 Pandemic

by: The Financial Blogger    Category: Uncategorized

There’s no denying the COVID-19 pandemic has been terribly hard on people. Even if you didn’t get the disease chances are, you either lost your job or have been furloughed for a while. Even with Pandemic Unemployment Assistance and the occasional stimulus check, it’s been hard for people to pay their mortgage or rent. Especially for those paying their mortgage down early.

But for some lucky homeowners, age 62 or older, they’ve been able to tap into their home equity via a reverse mortgage. After loan approval, they’re able to accept the cash in one lump sum payout or they can receive partial payments every month. This much needed extra cash has been a blessing for many during these uncertain financial times. You can see what your rates and incoming payments would look like with this reverse mortgage calculator here:

But for those who aren’t fortunate enough to tap into their home equity, they’ve had to resort to more creative ways to make extra money. It hasn’t been easy. According to a recent report, with all the fear, uncertainty, and doubt (FUD) that’s surrounded the fatal virus, the global lockdowns and financial downturns that’s resulted from it, have made our lives much more difficult and stressful. If it’s hard for you to think creatively during stressful times you’re not alone. 

Before you dip into your retirement fund, know that there are other options. For those of you who can manage to think outside the box of your garden variety 9-5 day job, here’s a few ways to generate some great income online during and after the COVID-19 pandemic.

Start a Blog

Starting your own blog is perhaps one of the easiest and cost efficient ways of making money online. You can establish your particular brand of authority in your desired professional space. You can also curate blogs on topics your potential audience will find engaging.

Just make sure to be consistent with your posts by putting them up regularly. You can make money through your blogs via affiliate marketing, influencer marketing, and by directing traffic to your own products such as eBooks, clothing, coffee, music, etc. The possibilities are endless. 

You might want to even start a blog on hacks to make a quick buck.

Logo Designs

If you have a flair for art, you can put it to work by designing logos for businesses and organizations. Never before has it been easier to come up with designs using online software like Adobe Illustrator and CorelDraw.

How do you start? You simply approach a small business either in person or online via LinkedIn. Have some samples handy along with a quick bio that demonstrates your talents.

E-Commerce Expert

Lots of people have been selling products online through stores like Amazon long before the pandemic hit. It doesn’t take much money if any to start. All it takes is time and effort on your part. You can either produce your own product, or you can purchase products then resell them.

If you are truly resourceful, you can create your own online store for other E-Commerce experts to utilize for selling their products. You simply take a cut of every product sold.

Content Writer

Says, so long as there are products to sell and people willing to spend money on them, businesses need to make those products both understandable and attractive to the buying public.

Enter content writers. You don’t need to be Shakespeare to be a content writer. You only need to have appropriate writing ability. If you’re a great writer, all the better since you will likely get through a lot of assignments fast and efficiently. Content marketing tends to be inexpensive, but it generates lots of leads making it a favorite tool among online businesses.

eBook Designer/Editor

Writers/authors who publish eBooks independent of traditional publishers require professional looking covers, skilled editing, and exceptional written content. That is, they expect to build a following. Good eBook designers and editors are said to be worth their weight in gold to authors willing to pay thousands of dollars for their services.

If you know how to copy edit, content edit, and you can manage the ins and outs of Adobe InDesign, you can create great eBooks. If you know how to create illustrations, you will be even more popular among independent authors.

Social Media Marketing Manager

Never before has social media marketing taken center stage than during the pandemic. Since lots of people are still staying home even at this late stage of the pandemic, social media marketing or SMM, has reached new heights of importance. If you’re particularly good with social media marketing, you might as well get paid for it. Perhaps you know of a busy businessperson or author who desperately needs to market online but they just don’t have time for it. Your professional social media marketing manager skills just might be the perfect solution. 

A competent manager will pay attention to the analytical side of the market, while creating reports, and building marketing and influencing campaigns. Just as importantly, they will openly engage with your audience and potential clients.

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July 16, 2021, 7:55 am

Reasons Why Your Credit Score Matters

by: The Financial Blogger    Category: Uncategorized

Perhaps you’ve never thought much about your credit score because you haven’t engaged in a process where parties took that aspect into account when making a decision. Alternatively, maybe you haven’t put much effort into positively impacting your score because you’re not sure how to get started. In any case, your credit score can significantly influence your opportunities. 

Your Credit Score Indicates Financial Stability

A credit score is a representation of your financial standing. Once you decide to get a free credit score, that’s the first step to knowing whether there’s room for improvement or you’re already in an excellent position. 

Getting your score also makes it easier to connect past issues to your future score. For example, if you send in credit card or loan payments late, that can negatively impact your credit score.

You also may notice a trend where you frequently get close to your credit limit or otherwise use more than half what your credit card provider indicated. The amount of credit used is called your credit utilization. Sources suggest keeping it at 30% or lower to improve your score. 

Knowing your credit score helps you take positive action. If you’ve accidentally paid bills late before, consider setting a reminder in your phone or marking the due date on a calendar. If using too much of your available credit becomes problematic, take a closer look at why that happens to determine what realistic changes you could make. 

Your Credit Score May Impact Your Housing Options

Your credit score also becomes crucial for potentially influencing where you can live. For example, if you’re looking for places to rent, landlords want indications that their potential tenants will pay reliably every month. A credit score is not the sole indicator of that happening, but it shows whether you’ve been on time with other payment deadlines before. 

Additionally, perhaps you’re thinking about taking out a loan to buy a house. Your credit score typically becomes part of the screening process before approval. Even if you’re not in the market to buy or rent anytime soon, it’s still good practice to know your score and be aware of if you should take steps to make it better before a housing-related milestone occurs. 

Your Credit Score Could Make You a More Appealing Job Candidate

The job market in many cities is intensely competitive, and sometimes dozens or hundreds of people apply for a single open position. Having a strong resume and cover letter, along with the required or preferred experience and background, should help you stand out, but your credit score could play a role, too. 

Some employers will retrieve a truncated version of your credit history while evaluating you as a candidate. They don’t see your score, but having a high one will naturally reflect well on the credit history details they do get to examine. 

You might wonder why a potential employer would care about that aspect. It’s often because they want to know whether you could handle having a company credit card. Having one of those is a privilege that comes with significant responsibility. 

Your Credit Score May Affect Your Insurance Costs

Differences in premium rates given by insurers seem a bit mysterious to outsiders. Companies weigh a variety of factors and use specialized algorithms when calculating an offer for you. One of the things examined during the process could be a credit-based insurance score. 

It’s a specialized version of your score specific to that industry. Of course, having a fantastic credit score alone is not enough to guarantee a low rate for insurance. However, it could make a meaningful difference in what you pay when gauged along with other factors. 

This overview emphasizes why there’s no time like the present to learn your credit score and consider taking steps to improve it. Doing those things could shape your financial future for the better. 

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June 2, 2021, 9:51 am

10 Best Games to Play, Enjoy, Learn to Make Profit and Repeat

by: The Financial Blogger    Category: Make Money Online

Image Source: Pexels

Are you looking for a fun way to learn more about the stock market? Well, it may come as a surprise that you can actually play games like fantasy stocks that will help improve your financial literacy and trading skills while making some profits on the side.

From learning about how loans work to how loan sharks exploit the borrowers and making the right money choices to how the stock market works, you can literally get your hands on any game of skills online.

So without further ado, let us look at some of the best games for all.

10 Financial Literacy Games to Help you Get Started and Continue

If you wish to learn about the stock market, you can play some of the best financial literacy games out there. These games usually work like fantasy sports games; hence they are also known as fantasy stock games.

1.      Claim Your Future

In this game, you will have a fantasy career with a fixed annual salary. This game will then ask you to make various lifestyle and financial decisions that go hand in hand with your wages.

Now it is entirely your call whether you will wisely choose to buy or rent a house that you can actually afford. It will be your decision whether you opt for organic food on your plate or just survive on the basics.

2.      Finance 101

Finance 101 is a stock market game that offers financial simulation gameplay. The scenarios will continue to change depending on the choices you make on the go. As a player, you will have a random professional assigned to you. Plus, you will come across 13 scenarios that will impact your finances, decisions and hence determine the further development of the game. Check out the game to find what happens next.

3.      StockBattle

StockBattle is a one-of-a-kind game of skills offering thrills of stocks ups and downs. You will get your hands on various short games to satisfy your investment hunger and win cash prizes alongside. Most importantly, you will get to learn if you have what it takes to survive in the real stock market.

The short 5-minute games available on StockBattle will give you an excellent opportunity to hone your skills in various financial domains. StockBattle is purely a fantasy stock game of skill that involves no gambling aspect at all. In fact, by the end of each round, some of the players will earn cash rewards for the stocks portfolio they created.

Just like Fantasy sports games, StockBattle allows you to follow the companies you believe in. You can even try various strategies to see how the stocks you invest in may change in real-time. The best part is, you can play these fantasy stocks worldwide; however, the stock market hours limit applies. If you are dealing in cryptocurrencies, you can play 24/7.

If you believe that you have what it takes, the game also offers 15 to 60 minutes games too. However, all the games allow you get to compete for cash prizes.

4.      Hit the Road Financial Adventure

Play a financial game of skills that takes you on a road trip. You’ll have some friends to keep you company, and you’ll have to stay within your budget to avoid the following situations:

  • getting hungry
  • getting stranded in the middle of nowhere because you forgot to fuel up your car 

If you’re skillful enough, you’ll reach your destination. Can you nail this game by staying within your budget and make it all the way to the finish line?

5.      Lights, Camera, Budget

Play this fantasy financial game where you will get a chance to act as a movie producer with a $100 million budget. The target will be to produce a 5-star film. The game will ask your filming crew questions, and you will earn money for each correct answer. You can put this money toward producing the movie.

You will also have to make sound financial decisions to make a blockbuster hit. There will be 12 different financial situations where you’ll have to make decisions and learn to make money on the spot.

6.      Money Magic

This one is an impeccable financial literacy game that will be an eye-opener for you to learn all the dramatic things that may happen in the financial field. Moreover, you will also learn about how you could choose a career that can suit or meet your wants and needs.

The Reality Check will ask you a series of questions such as the house you want to live in, the car you wish to drive, etc. By the end, you will find out how much money you have to make in order to afford the kind of lifestyle choices you just answered. No wonder they named it reality check as it really makes you think about your lifestyle choices.

7.      Reality Check

This one is an impeccable financial literacy game that will be an eye-opener for you to learn all the dramatic things that may happen in the financial field. Moreover, you will also learn about how you could choose a career that can suit or meet your wants and needs.

The Reality Check will ask you a series of questions such as the house you want to live in, the car you wish to drive, etc. By the end, you will find out how much money you have to make in order to afford the kind of lifestyle choices you just answered. No wonder they named it reality check as it really makes you think about your lifestyle choices.

Image Source: Pexels

8.      Spent

A good game that shows what living in poverty is like. The simulation will enable your child to become aware of the difficulties of living on a very low household income.

Moreover, it can also help instigate a level of empathy in people for the less fortunate. So, they know why someone ends up on the streets asking for help. The game starts with the role of the student assigned to the player. The student has no employment, has lost his/her home, and only has $1000 in the pocket.

Player’s goal is to survive for an entire month on that $1000. However, if you are an adult, play this game, and it may teach you a thing or two about financial literacy as well.

9.      ShadySam

This is a role-playing game where you get to play as a loan shark. You will be a predatory lender as well as a collector and learn about loans and risks involved. ShadySam will also teach you about interest rates and loan collection methods.

If you want to learn about how lenders operate and things they do to take advantage of the borrowers, it will save you from getting involved in the vicious cycle of borrowing.

10.  The Uber Game

The Uber Game is a financial literacy game that helps you learn if you can survive on a job in today’s gig economy.  Here you will get an urgent financial situation such as having to pay a $1000 mortgage repayment in a week’s time.

Your goal will be to accept various gig jobs available on Uber and try to save enough money to pay back your bills and mortgage. Another real-life-based simulation financial game of skills for you to find out if you can do it.


If you really wish to learn about financial strategies, have fun and make money while doing so, the above-mentioned games such as StockBattle are a perfect choice. Whether you are an adult or a high school student, playing these games can really alter your thought process about how you perceive finances.

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