david ogden – Better Home Based Business

Chinese Entrepreneur Warns Against Mining and ICO Bans

Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of the challenges faced by cryptocurrencies are indicative of the typical “development process” experienced by emerging monetary forms.

Cai Wensheng, the founder of Meitu, has expressed criticisms of the Chinese government’s prohibitive regulatory policies regarding cryptocurrency mining and initial coin offerings (ICOs).

According to The Meitu founder, the majority of the world’s bitcoin mines are located in China, with Mr. Wensheng estimating that “80%” of the world’s bitcoins are produced by hardware housed in China. As such, Mr. Wensheng believes that a regulatory crackdown targeting bitcoin mining risks squandering the opportunity to maintain its dominance in the bitcoin markets, describing such a potential export industry.

Mr. Wensheng argues that China should use bitcoin mining surplus power for productive purposes, stating that “China’s surplus power [can be used] to produce surplus power to produce bitcoin, [which can be] sold to the South Koreans, Japanese, and Americans” – making China “a bitcoin foreign exchange earner.” However, Mr. Wensheng also warns that if bitcoin miners are “forced overseas [to] Iceland, Chinese people will need to spend a lot on foreign exchanges to buy back bitcoin.”

Challenges Faced by New Monetary Forms

The Meitu Founder argues that many of the challenges and criticisms faced by bitcoin have been experienced by other emerging monetary forms throughout history, stating that “every coin is a kind of faith.” Mr. Wenshen asserts that many of the world’s national currencies have gone through numerous periods of considerable volatility throughout history, claiming that political instability led to dramatic price fluctuations for many sovereign currencies prior to 1973.

“This is the case with the Golden Circle Certificates of the Republic of China, Mr. Wenshen stated, adding that instability is an inherent component of the requisite “development process” experienced by emerging monetary forms.

Mr. Wensheng also predicted that cryptocurrencies will reshape the securities industry.

Entrepreneur Warns Against Heavy-Handed ICO Regulations

Mr. Wensheng has argued that initial coin offerings do away with many of the barriers preventing ordinary investors from being able to access exposure to emerging companies, adding that venture capital and investment firms typically access tokens at the same price as their retail counterparts in the ICO markets.

Mr. Wensheng also compared the ICO markets to the dotcom bubble of the nineteen-nineties, stating that of the “hundreds of companies” that listed Initial Public Offerings (IPOs) “in 1999” very “few companies are left,” however, “One Amazon is enough” – implying that heavy-handed restrictions on ICOs may result in China failing to facilitate the growth of potential major companies that could emerge through the disruptive ICO sector.

Author: Samual Haig

Posted by David Ogden Entrepreneur

David https://markethive.com/david-ogden

Crypto Mining Craze Creates Global GPU Shortage

The cryptocurrency bull run of 2017 attracted multitudes of investors looking to get rich quick but it also created a mining boom that has resulted in a worldwide shortage of computer components.

Miners Plunder Singapore, Hong Kong For Cheap Rigs

Scores of miners from around the world come to the electronics bazaars in Asia to buy cryptocurrency rigs. Hong Kong’s Sham Shui Po and Singapore’s Sim Lim Square to name just a couple are jammed with people of all ages ordering specialized rigs.

This new demand for mining rigs has revitalized these electronic markets that were dying only a few years ago when shoppers turned online for computers, cameras, and gadgets of all kinds.

“It’s 30-50 percent cheaper to buy equipment related to crypto-mining in Hong Kong than in Europe,” Russian bitcoin miner Dima Popov said. This is because Hong Kong has no sales tax and is in close proximity to Chinese components manufacturers.

Miners are demanding more powerful rigs that can include up to 500 graphics cards each which has created a worldwide shortage of the cards allowing manufacturers and retailers to gauge buyers on the price.

Scarce GPU Cards Selling At Double Price

The market for high-end graphics cards used to work like anything else. You went to the electronics shop, found the card you wanted and paid just about the Manufacturer’s retail price. Today due to the escalating demand from mining you’ll most likely find the shelves that once held them bare but if you do actually what your looking for expect to pay a premium.

These high-end graphics cards are the most efficient way to mine cryptocurrency and as hobbyist miners and big players alike scramble to snatch up as many as they can prices go through the roof. Last summer popular GPU’s like the AMD Radeon RX 580 sold for about $250 at retail, today the price is more likely to be over $500 and that is if you can find them.

Checking the price of the 5 most popular graphics cards from last year and comparing it with the updated version shows a general price increase of between 70 and 100%. This leaves many wannabe miners trolling online for the best deals on new or even second-hand cards. Buying older cards though means slower computing ability which reduces the profitability of a rig.

Rigs using, for example, a high-end Nvidia Geforce GTX 1080 ti card costing around $1,300 (MSRP) can earn as much as $10 dollars a day at current crypto values. This means that the card may pay for itself in about 4 months.

String the math out and it’s easy to see how a fair sized rig can make a very nice profit over a year or more. Retailers reported a dip in demand for the cards during the crypto market correction but now that Bitcoin and it’s like are on the rise sellers and manufacturers are looking for demand to reach and surpass 2017.

Author JMCMAHON • FEB 21, 2018 • 05:02

Posted by David Ogden Entrepreneur
David Ogden Crptocurrency Entrepreneur

David https://markethive.com/david-ogden

DUBAI PLANS TO LAUNCH 20 BLOCKCHAIN-BASED SERVICES IN 2018

Dubai is already running pilot programs in a few government departments but hopes to implement 20 blockchain-based initiatives in this year.

Dubai is making good on its nickname as the ‘City of the Future’. Its government had previously formed Smart Dubai, an agency created with the aim of making Dubai the most technologically advanced, and smartest city in the world. Part of that journey is to include blockchain-based services into a number of sectors.

Both IBM and Consensys have entered into strategic partnerships with the agency in advisory roles in order to help realize the goals of Smart Dubai.

BLOCKCHAIN IS NOT JUST FOR BITCOIN

According to The National, Aisha Bint Buti bin Bisher, who is the director general of Smart Dubai, believes that “blockchain will improve people’s experience.”

While at the Unlock Blockchain Forum, she went on to explain the implementation of this technology in the city:

The applications are in various fields, some of them are in RTA, road and transport, some of them are in energy, health and education. These 20-use cases are under pilot, and we are looking forward to see the results so we can scale it.

THE FUTURE IS NOW

Even though the initial deadline for the launch was scheduled for 2020, Bisher is confident that it can be completed this year. In fact, blockchain technology is already being used for land registry transactions.

Other government sectors, such as Department of Naturalization and Residency Dubai, are also running pilot programs. Additional departments, including Dubai Customs, are collaborating with IBM on future initiatives.

The agency has said that blockchain technology will improve service delivery in government by saving more than 25 million hours of productivity every year.

Bisher also said:

While others were still debating the prospects of this new technology, we went to work and today we are making Dubai the blockchain capital of the world, and we have already begun.

In addition, she touched on the blockchain benefits that the city is already experiencing:

Dubai broke ground when the world reluctantly approached this technology. Already, blockchain is rewriting how we deal with city services. In just a handful of years, blockchain has transformed key aspects of our city.

DISRUPTION BREEDS INNOVATION

While at the same conference, Ramez Dandan, who is the national technology officer at Microsoft Gulf, discussed how the disruptive technology is an exciting addition to the business sector:

Investment in blockchain across the GCC [Gulf Cooperation Council] and beyond is ramping up at an impressive rate as organizations recognize it for the disruptive technology that it is.

He further explained:

We strongly believe in the technology’s immense potential for enterprises of all scales and industries. It allows them to share business processes with suppliers, customers and partners, leading to new opportunities for multi-party collaboration and eventually exciting new business models.

Governments in the Arabian Gulf, including the United Arab Emirates, are looking to invest in technology to substantiate oil revenue, the latter of which has suffered recently due to oil price declines.

Author: NIKITA BLOWS · JANUARY 16, 2018 · 1:15 AM

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

David https://markethive.com/david-ogden

The crypto-currency craze

In the late 1990s, as investors woke up to the promise of the internet, shares in any company with dot.com after its name soared to giddy heights.

Then the bubble burst.

Now there are warnings of another technology investment bubble – this time related to the fascination with crypto-currencies such as Bitcoin.

On the Tech Tent podcast this week, we examine the phenomenon of ICOs – Initial Coin Offerings – which have seen over $1bn raised so far this year from investors who get little more than a token and a vague promise of involvement in a new business.

The term ICO – designed to mirror the IPO that sees a firm issue shares and float on a stock exchange – seems to mean different things to different people. Early versions were simply ways of getting a new crypto-currency off the ground, but now many are promising to use the blockchain technology that underpins Bitcoin and similar currencies to create businesses.

Among the ICO projects listed by Smith + Crown, which researches the crypto-currency scene, is a business raising money to create the world's most lucrative lottery based on blockchain, and another that promises to rent out high-quality office space using digital tokens.

On Tech Tent, we talk to an entrepreneur who is boldly going into uncharted territory with this new investment technique. Pavlo Tanasyuk is the founder of Spacebit, which aims to create what he calls "a distributed space agency unshackled by state or national sponsorship".

Next month, he will invite investors to take a stake in this venture, which he describes as a crypto version of Elon Musk's Space X. He will only accept payment in Bitcoin, Ethereum or other crypto-currencies and in return backers will get tokens and a role in deciding how the business is run.

But the finance blogger Frances Coppola has compared ICOs to the tulip fever of the 16th Century and other investment bubbles.

"The enthusiasm for ICOs is coming off the back of the Bitcoin and Ethereum booms," she says.

She warns that such schemes are completely unregulated, and fears that many who invest in them simply won't understand what they're getting into.

"There will be scams in this – I'd be astonished if regulators aren't looking at this."

Even Pavlo Tanasyuk concedes there is plenty of risk attached to this kind of investment. "Ninety-five per cent won't deliver – but we will. It's important to set an example. We're doing something real and have a strong management team in place."

When the dot.com bubble burst, it became clear that many investors had not really understood what the firms they were backing actually did or the nature of the technological challenges they faced. Today, the world of crypto-currencies and the blockchain looks even more impenetrable.

Consider this description of one project, Neverdie, which has already raised more than $2m (£1.5m) in an ICO: "A virtual reality infrastructure platform that bridges virtual worlds with popular MMORPGs [massively multiplayer online role-playing games] on the Ethereum blockchain."

Doubtless those who have bought the coins that are meant to fund this vision have read the white paper describing the project, and the disclaimer at the end: "Neverdie Coins and Teleport Tokens do not represent ownership in any real-world companies. These tokens are designed to activate virtual utilities."

Real money is going into a virtual world and if it disappears in a puff of virtual smoke, no regulator will be there to cry foul. Let's hope those who back these kind of ventures are going into them with their eyes open.

David Ogden
Entrepreneur

Author: Rory Cellan-Jones

David https://markethive.com/david-ogden

The Cryptocurrency Market Is Growing Exponentially

Bitcoin dominates over other digital currencies today, but the data suggests its market share will drop significantly in the next few years.
When it comes to the future of money, there is a growing consensus that cryptocurrencies are set to play a major role. One cryptocurrency, in particular, has entered the public lexicon as the go-to digital asset: Bitcoin.

But the cryptocurrency market is significantly more complex than the public lexicon might suggest. And while there have been plenty of studies examining the role and future of Bitcoin, there have been few that explore the broader cryptocurrency market and how it is evolving.

Today that changes thanks to the work of Abeer ElBahrawy at City University in London and a few pals who have examined the cryptocurrency market as a whole and say that it is significantly more complex and mature than many had thought. The evolution of this market even bears a remarkable similarity to the evolution of ecosystems in many other areas, providing some insight into the way the cryptocurrency market might change in the future.

First some background. The big challenge with digital currency is to prevent unauthorized copying. Cryptocurrencies use two mechanisms to prevent this. The first is to publish every transaction in a public record and to store numerous copies of this ledger online in a way that allows them all to be automatically compared and updated. This prevents double spending—using the same bitcoin to buy two different things.

The second mechanism is to protect the ledger cryptographically. Every update collects together a range of new transactions and adds them to the existing ledger. But to do this, the earlier version of the ledger is first frozen and encrypted.

The new version of the ledger—called a block—includes the encrypted copy of the earlier ledger. Anybody can use this encrypted data to generate a number that can be used to check the veracity of the block. However, it is extremely hard to generate this number computationally in an attempt to game the system. It is this feature—that the blocks are easy to check but extremely hard to copy—that secures the system.

Of course, as the ledger continues to be updated, new blocks must be created, piggybacking on the old ones and creating an unbroken chain of blocks. Hence, the term blockchain technology.

Bitcoin is by far the most famous of these cryptocurrencies. It is also among the oldest, having first emerged in 2009. But it is by no means the only cryptocurrency. So an interesting question is how the cryptocurrency market is evolving.

To find out, ElBahrawy and co analyzed the behavior of 1,500 cryptocurrencies that have emerged since 2013 and say that some 600 of them are actively traded today. They say this market has recently entered a period of exponential growth and is currently worth $54 billion. (By comparison, the total amount of money in the world is about $60 trillion.)

But while this cryptocurrency market is growing rapidly, ElBahrawy and co show that certain aspects of it are stable. For example, the number of active cryptocurrencies has remained about the same since 2013 as has the market share distribution, which follows a well-known power law.

The team also shows how this distribution can be reproduced using a standard model of evolution in which they plug in figures for the rate at which currencies emerge and die away.

This power law distribution occurs in a wide range of systems. For example, the same law describes the size of religions, of languages and even of wars (by number of deaths). In none of these systems is there are any favored religion or language or war. But all things being equal, they all form this type of distribution.

The fact that size distribution of cryptocurrencies follows the same law is significant. It implies that as far as the market is concerned, all currencies are essentially the same. “The fit with the data shows that there is no detectable population-level consensus on what is the ‘best’ currency or that different currencies are advantageous for different uses,” say ElBahrawy and co.

Whether that is true is up for debate. Various critics have pointed out a number of technical limitations associated with Bitcoin, and this has inspired a new generation of cryptocurrencies, such as Ethereum. Whether this will influence the market remains to be seen.

While this exponential growth is ongoing, Bitcoin’s market share is falling. The top five biggest currencies—Ethereum, Ripple, Litecoin, Dash, and Monero—now account for 20 percent of the market. And the trend for Bitcoin is clear. “This would predict Bitcoin market share to fluctuate around 50 percent by 2025,” say the team.

Another factor in the market is that cryptocurrencies aren’t used only as currency. Bitcoin is also widely used for speculation and can also be used for nonmonetary uses such as timestamping.

For many of these applications there is a clear benefit to having a single currency that everyone agrees on. “While the use of cryptocurrencies as speculative assets should promote diversification, their adoption as payment method (i.e., the conventional use of a shared medium of payment) should incentivize a winner-take-all regime,” say Bickell and co.

But experience with other ecosystems suggest that this is by no means certain to happen. For example, a single computer operating system has never been able to outcompete all others, regardless of the ruthlessness of its deployment. Neither has any human language or religion or fashion wiped out all others.

That’s not to say it can’t happen. But unless there is significant external manipulation of this market, the likelihood is that there will be significant diversity in the cryptocurrency market for the foreseeable future.

David Ogden
Entrepreneur

David https://markethive.com/david-ogden

New Year New Opportunities and Resolutions

New Year New Opportunities and Resolutions

Two years ago I started writing down my New Year resolution. Which helped me keep track of my plans and the direction of my life. This year year marks a period of consolidation and times to consider what we will do when Jay completes his secondary education.

There are some uncertain times ahead due to Brexit. Will Jasmin and Jay be granted permanent UK residency early than the original five years under EU rules. Will it still be possible to retire to other EU countries on favorable terms. We are both working so that we can save for the future, however the weather is still a challenge and I miss warmer climes.

Jasmin and Jay will visit their family in the Philippines this summer who they have not seen for some five years apart from via Skype. We still have a house to sell in the Philippines and it would be great if this could be concluded this summer to release capital.

Hopefully I will pass my retraining tests which will confirm my position at Go Ape as an Instructor for the 2017 season. This helps keep me fit and active. I also hope to have further sailing opportunities with the Jubilee Trust and Old Pangbournian Yacht Club such as the Round the Island Race on 1^st July and The Arrow Trophy in the Autumn.

Turning to my various business interests, it would seem to be time to leave Valentus an MLM who promised to be different but then shut down their European warehouse with out notice and also started to enforce rules regarding minimum sales prices. The fact that prices are in USD and deliveries come from the USA results in too low profit margins, and to be honest the products are overpriced .

At the end of 2016 I took up an interest in Cryptocurrency which would seem to offer a number of business opportunities, especially when one considers the likes of Bitcoin have grown in value faster than any traditional currency are increasing being considered as perhaps becoming the new gold standard and replacing the USD. At the moment you can certainly see in the both the short and longer term that cryptocurrencies can offer a better rate of return compared with savings rates from banks and even investment from stocks and shares.

MarketHive continues on its long journey to re-program its software, but has yet to be launched and its lack of funding is delaying it completion, however as we enter the new year it would seem that funding will no longer be a problem and the likes of Facebook and Linked in will have a new business based rival.

For the first time in many years I am not sure of direction, there is a possibility that I could double my net worth, the only thing that is sure is we will remain in the UK for the next two years which coincidentally is the expected time to complete Brexit.

David Ogden
Entrepreneur

David https://markethive.com/david-ogden

Are We Entering The Age of The Cryptocurrency

my cryptocurrency Are We Entering The Age of The Cryptocurrency

I have started taking an interest in Cryptocurrency and the fact that it offers a number of advantages over paper based currencies. Unlike paper currencies, which Governments can print at will, Cryptocurrency is restricted which means that the value of these coins increases.

Take Bitcoin, the best known coin, launched in 2008 with a value in 2009 1 BTC = 0.0001 USD and is now currently at $725. Over the years there have been quite large fluctuations :-

June 2010 1 BTC = 0.07 USD
June 2011 1 BTC = 15 USD
June 2012 1 BTC = 7 USD
June 2013 1 BTC = 100 USD
June 2014 1 BTC = 600 USD
June 2015 1 BTC = 220 USD
June 2015 1 BTC = 750 USD

It is interesting to note anyone who has held Bitcoin since the early days has seen a great increase in his asset.. I first came across Bitcoin when I moved to Cyprus in 2013. the Banks shut for days and then restricted both withdrawals and deposit and many people started to use Bitcoin because the banks stole peoples savings. The security with Cryptocurrency protects your holdings and to some extent provides anonymity.

Theft and fraud risks can be quite high when holding Cryptocurrency in online wallets or exchanges and it is recommended that is is best to use mobile wallets or even record you account details on paper. I still have to come to terms with using mobile data and until I learn how to use scan and use QR codes. Individuals cryptocurrencies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs.

One of my pet hates is transaction fees from bank and this is where cryptocurrency comes into its own There aren’t usually transaction fees for cryptocurrency exchanges . Even though there’s no bitcoin/cryptocurrency transaction fee, many expect that most users will engage a third-party service, such as Coinbase, creating and maintaining their bitcoin wallets. These services act like Paypal does for cash or credit card users, providing the online exchange system for bitcoin, and as such, they’re likely to charge fees

Identity theft isa growing concern for example. If you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. Cryptocurrency uses a “push” mechanism that allows the cryptocurrency holder to send exactly what you wants to the merchant or recipient with no other information.

Decentralization means the network operates on a user-to-user (or peer-to-peer) basis. The forms of mass collaboration this makes possible are just beginning to be investigated.

Since cryptocurrency is not bound by the exchange rates, interest rates, transactions charges or other charges of any country; therefore it can be used at an international level without experiencing any problems. This, in turn, saves lots of time as well as money on the part of any business which is otherwise spent in transferring money from one country to the other. Cryptocurrency operates at the universal level and hence makes transactions quite easy. There is no other electronic cash system in which your account isn’t owned by someone else.

David Ogden

http://information.cryptocoin20.com

David https://markethive.com/david-ogden

Money Saving Tips

Since my seasonal job is coming to an end I am taking stock of my financial situation and looking for way to reduce my spending. During the past year I have been teaching my wife how to control how she spends the income from her own part time job.

I used to use Quicken but when I changed my operating system to Linux, I was forced to change to Moneydance, both system are fairly similar and provide ways to control budgets and track expenditure by categories. I am generally responsible for all general bills including my car costs, with my wife responsible for her sons expenditure plus supporting her family in the Philippines and her car costs. We both are responsible for saving.

We have a mixture of Joint accounts, a business account and our own savings accounts. This year I opened a number of additional accounts to cover house insurance, car insurance, road tax and property tax in the Philippines. The additional saving accounts provide a way of saving money , rather than paying the services on a monthly basis with includes interest ,we renew on a yearly basis which saves us money for those accounts which do not allow interest free monthly payment.

I have even set up a number of automated bank transfers which distribute our income a couple of days after it is received into our various saving account, they only earn a few pence in interest but the bigger saving is being in a position in future years to pay upfront and not pay interest. With interest rates expected to rise next year, this will save you money.

I have been analysing my business costs which involve purchasing products in $’s and selling in £’s with exchange rates fluctuating due to Brexit and Trump. If I use my UK debit card to purchase products I am faced with an additional charge of £11-12 and an exchange rate that favours the bank.

However if I use the services of Transferwise who I have used for many years to send money to the Philippines the exchange rate cost are more reasonable . For example they would charge £2.28 and a competitive exchange rate saving me about £10 in every transaction.

Now I do operate an account in the USA, which also has a $ debit card, if I do not charge $250 a month to my card the bank will charge me $16 per month as account charges. Now you can perhaps see that with a combination of using my US debit card to purchase products and transferring funds to my USA account I can save £10 + $16 (12.9) or around £22-32 per month.

One other way to earn money we earn money is with a Tesco Club card, collecting points when buying petrol, food, household items and other items online with Tesco direct. We earn £15-20 per month in cash back as well as additional points and offers.

Saving rates are at an all time low at the moment and to be honest its hardly worth leaving it in the bank, which is why I am using some of my savings and pumping it through my business to provide a better return, with the changes I am putting in place from above, my profits are set to grow faster.

David Ogden is an Entrepreneur at MarketHive

David https://markethive.com/david-ogden

Building A business

There is a link between building a business and losing weight.. I wrote a blog yesterday about how effective is your plan, and realised that people starting a business and those attempting to lose weight faced some similar challenges. Namely discipline, action and goal setting.

Now goal setting is pretty obvious and was covered in yesterdays blog. Once you have set up goals then you need to take action and follow a plan, without action, you cannot expect success and your plan will failures

Taking the first step is probably the hardest, but once that is behind you, you need to be disciplined enough to set up a routine. Getting into a regular routine makes things much easier, be it writing a blog, contacting people or remembering to follow your diet plan.

I am a morning person so like to get up around 0500 and in fact my body clock wakes me up at this time, no matter what time I go to bed. For me this is a good time, before the rest of the family get up I have time to check email accounts, my calendar and financial accounts and carry out tasks such as drafting blogs. I am at the moment in a state of change as my summer job is coming to an end and I will be concentrating on building my online business.

Change can be difficult and I know I face challenges until I can settle into a new routine and there is always the temptation to step back into your old ways, which will result in failure. I find that using Google Calendar as a tool, it will send me reminders about when I need to publish blogs or contact people and this has become a vital tool to help me get back on track.

When I was last working online full time I set aside half my day for business from 0500 to midday, during this time I worked in my own office space upstairs and the family knew not to interrupt me. This worked well for me and I was able to publish blogs on a daily basis and keep in regular contact with potential customers. Now my circumstances are slightly different, I live in a smaller house and my office consists of a desk in a corner of a dining room in the centre of our house which is a thoroughfare for my family, which makes it harder to concentrate with the job in hand. The only saving grace is my wife works part time shifts and my son is at school , so I can still work weekday mornings between 0730 to midday.

The secret of building a business or losing weight is to take action on a daily basis, which takes you towards your goal

David Ogden
Healthy Weight Loss
Free Marketing Tools

David https://markethive.com/david-ogden

Are your Savings Gathering Dust

Make Money Grow This is the age of the entrepreneur. Entrepreneurs are people who have a dream and are prepared calculated risks to achieve their goals. Interest rates are at an all time low, which makes it a great time to borrow money, however spare a thought for savers, some of whom rely on their saving and try to live on the interest.

I have been looking around on the internet for the best savings rates and the best I can find is 10% per annum, with others around 3-7%, but saver rates are continuing to fall

The average UK adult has about £5,500 – 6,000 in saving to meet rainy day, so you can see that even with the best savings rate their saving will only produce an income of £500- 600 per year

If you borrow money you will see offers of interest rates of between 3.1-3.5% APR which on paper could mean that you could borrow money at 3.1% and place it in a saving account at 10% and earn just under 7%. However when you apply for one of these low APR loans the APR Jumps to around 22% if for example you wanted to borrow £1000 for a year. It is only larger sums over longer periods that offer low APR rates and the lender may need more security.

I have been tracking one of my own savings account and seeing interest payments of £1 per month coming in which is not very impressive and wondered if there way another way to use my saving and improve my rate of return.

Entrepreneurs are known for Buying low and selling high and then a friend of mine introduced me to Valentus an MLM company which sells Weight Loss Coffee. MLM’s have a bad reputation for selling over priced products and encouraging you to sell them on to friends and family.

I have lost money with MLM in the past, leaving me with product that I had to sell at a loss. The weight loss coffee is different and you can sell it online and earn a profit. I decided to test the market and used money from my savings and brought 16 boxes of coffee and was some what amazed when they sold online in the first month.

MLM companies offer a number of ways of earning money apart from selling products, although I believe customers are more important. There are additional rewards for introducing like minded people and that is the stage I have now come to. I am reaching out to duplicate my success with other people who want to see their money working for them and producing a return.

No matter your past experience, I am willing to work with you and help you build your future,

just go to Http://seriouswealth.net

I will be in touch with you

David Ogden
Helping People Help Themselves

David https://markethive.com/david-ogden