Some Background on Cryptocurrency Before Deciding to Invest

While it’s possible to become wealthy by earning a high salary and living below your means, it’s difficult because of the rising cost of living. That’s why the primary way to build wealth over time has been through prudent investments.

The earlier you invest, the better. Ideally, you should start in your twenties because of the magical effects compound interest has on your retirement portfolio, but it’s not too late to become a first-time investor in your thirties or even later.

Besides traditional ways of investing, such as stocks, mutual funds, bonds, commodities, and exchange-traded funds (ETFs), you may also want to consider leveraging the power of blockchain technology to benefit from profitable cryptocurrency investments.

The Origin of Cryptocurrency Investments

In 2009, Satoshi Nakamoto created a blueprint for a new type of currency he called Bitcoin. He described Bitcoin as a cryptocurrency because it protected buyer and seller anonymity.

Nobody knows if Nakamoto was a real person, a pseudonym, or a group. The inventor’s identity remains a mystery.

Bitcoin disrupted the world of currency minting, exchange, and distribution. For thousands of years, currency exchanges revolved around two or more people or organizations exchanging banknotes or coins. Financial institutions acted as a middleman to verify all legal transactions.

Bitcoin eliminated the role of financial institutions to validate transactions between buyers and sellers. It also made online transactions safer, faster, and cheaper because it relied on blockchain technology.

Initially, people viewed Bitcoin and blockchain technology as inseparable, but now with more than 2,957 cryptocurrencies with a total market value of approximately $221 billion  (as of October 2019), traders recognize the blockchain as the underlying mechanism that supports any type of cryptocurrency.

The Incorruptible Blockchain Technology

We can describe the blockchain as a distributed ledger spanning a peer-to-peer network. Because it involves tens of thousands of computers, it’s highly accurate. However, its main claim to fame is its incorruptibility. No middleman, such as governments or central banks, can alter its purchasing value.

In their 2016 book, The Blockchain Revolution, Don and Alex Tapscott describe the blockchain as “…an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”

How Blockchain Technology Works

A blockchain is like a spreadsheet that continually duplicates and updates across a network of tens of thousands of computers.

Here is what happens when you ask for a cryptocurrency transaction:

First, you send your request to nodes, a network of peer-to-peer computers.

Next, the nodes ensure your transaction is valid and use your credentials to establish an algorithm.

Then, after verification, your transaction blends in with all the other transactions, becoming a new block in the digital ledger.

After the P2P network adds your block to the blockchain, it becomes permanent. No third party can alter any part of your completed transaction.

A Perfect Monetary System

Although many governments and central banks around the world are reluctant to endorse blockchain technology because it interferes with their ability to levy banking transaction fees, the current system of fiat money is a far inferior method of exchange.

So, since blockchain is a digital system that a government or financial authority can corrupt, it’s here to stay. Besides recording financial transactions, it can verify many other transactions, such as official records or contracts.

Currently, the governments that support cryptocurrency include the United States, Canada, Australia, and the European Union. Governments that feel threatened by the power of cryptocurrency to usurp government control of their fiat currency are China, Russia, Vietnam, Bolivia, Columbia, and Ecuador. China, however, may be working on a cryptocurrency of its own, which could have ramifications in the future if they are successful.

If you decide to invest in cryptocurrencies, learn as much as you can and then experiment with small investments to understand how cryptocurrency online trading works.

Protect Yourself from Scammers and Pickpockets

Protect Yourself from Scammers and Pickpockets

Losing your wallet or important documents will quickly sour any vacation or travel plans. Add the complications of international travel and a language barrier, and you will be facing a dire situation. That’s why it’s important to protect yourself and your belongings when you are in unfamiliar places. However, the best advice is to use common sense and learn how to prevent it in the first place. Here are a few tricks to protect yourself from scammers and pickpockets. Thinking ahead can save you a lot of hassle and headaches.

Don’t Stand Out to Scammers and Pickpockets

Identity theft is the last thing anyone wants to deal with on vacation. However, the truth is that anyone, anywhere, can become a victim of pickpocketing. There is no defining profile, age, or limit to the ingenuity of how scammers separate people from their valuables. It is also common for them to work in teams and distract their unknowing prey.

Your best defense is to not draw their attention in the first place. People wearing expensive jewelry, electronics, and designer labels tell pickpockets that they have money. Avoid wearing bright colors or standing out in large crowds, especially in transportation hubs and tourists spots. Carrying maps and showing large amounts of cash are great ways to become the next mark. Instead, think of how to blend in and act like a local. Even if you get lost, continue on confidently as if you know where you are. Find a discreet place to get your bearings and not stand out like a sore thumb.

Travel Light Through Airports and Stations

Toting around large amounts of luggage and bags is another way to attract the wrong kind of attention. If you are carrying several bags, using a map, or wearing a large jacket, someone can easily snatch things without you noticing. That’s why you should travel light, secure your most important belongings, and keep them in your field of vision at all times.

Make sure your bags are not hanging loosely open, and place the most valuable things in a zippered pocket. Slashing and snatching purse straps is one of the most common and profitable grabs for scammers and pickpockets. I prefer to store my documents in the hotel safe and separate my cash into different places, just in case. Even if you do become an unfortunate victim, at least you will not have lost everything due to a careless mistake.

Stay Aware of your Surroundings

This piece of advice is simply to use common sense. Always stay aware of your surroundings and watch out for suspicious behavior. Be wary of anyone who approaches you unless it is law enforcement. Surveys, fundraisers, maps, and clipboards are all common props scammers use in ruses. People expect bumping and pushing in crowded places, giving pickpockets the perfect opportunity. Thieves are known to operate around major metro stations, popular attractions, and ATMs, so be alert as you pass through these places.

Keep your belongings in front of you, and your valuables in the most inaccessible place. There are tons of travel accessories and clothing available with specially designed pockets to protect you from scammers and pickpockets. Most importantly, don’t carry anything that you aren’t prepared to lose.

Back-up your Identification and Documents

This last note is probably the simplest and most overlooked precaution. Before you leave, take a few minutes to scan your documents and upload them to a website like Dropbox or Google Drive. You can also add your itinerary and airline information so all your critical information is available in one place.

In the event something does happen, you will have your passport, driver’s license, insurance cards, and prescriptions available instantly. This will make things move faster if you do need to contact the police or embassy. You can also make photocopies to carry with you.

Being a traveler in an unfamiliar place means you are more vulnerable. With a few precautions and common sense, you can protect yourself from scammers and pickpockets. Take the time to prepare for all eventualities and stay alert. Theft will always be a concern for travelers, but the extra effort can decrease the odds of becoming the next mark and keep you safe.

Protect Yourself from Scammers and Pickpockets


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5 Easy Ways to Earn Money on Valentine’s Day

5 Easy Ways to Earn Money on Valentine's Day

Earn Money Instead of Spending It

Valentine’s Day is quickly approaching, and for many people this means expensive gifts and dining. However,  there are others who prefer not to become victimized by the commercialism. They take advantage of this holiday to make some extra cash rather than spending it. Here are 5 easy ways to earn money on Valentine’s Day.

Easy Ways to Earn Money on Valentine’s Day

1. Get Busy Creating

Valentine’s Day is a huge money-making day for anyone working in retail, flowers, or confectionery goods. Small businesses can make a killing by attracting new customers with discounts and themed pieces. Therefore, this holiday is the perfect opportunity for the artistic and crafty types to get to work.

If you are a baker, start whipping up your favorite desserts to bring in some extra cash. If you’re an artist, perhaps greetings cards or commissioned work will earn you some additional income. For the musicians out there, consider learning some popular love songs and try your hand at busking. There are endless possibilities for finding the perfect gift, so get your name out there! Use your talents as an easy way to earn money on Valentine’s Day.

2. Throw a Singles Party

It’s no shock to hear that many singles dread Valentine’s Day. However, you can bring people together and celebrate your status by throwing a singles party. Whether you are looking for love or simply want to meet new people, a party is a great way to mingle. Choose a location and charge a flat fee to cover the expenses for food and beverages as well as your time. With the right theme and entertainment, you could create an annual event people look forward to and talk about the rest of the year.

3. Babysitting Services

Offering childcare services is a great way to capitalize on this holiday. If you prefer to stay in anyways, ask around to see if someone could use a night away from the kids. Babysitting rates usually range from $10-$15 an hour, although you should ask for more past midnight. Rates also vary based on the number of children and years of experience.

There are also agencies and periodicals you can work through if you don’t know anyone who is looking for a sitter. Try listing your services on sites like or browse job posts on If you enjoy kids, this is a great and easy way to earn money on Valentine’s Day.

4. Photography Service

If you have an artistic eye and quality equipment, photography and videography are great ways to make extra money. Many couples celebrate anniversaries, engagements, and weddings on Valentine’s Day. You can be a part of their special day by capturing and immortalizing these moments. With the right lighting and editing skills, you can provide couples with a priceless gift they can treasure forever.

5. Date Planning

The fact is romance does not come easily to everyone. Event planning is the perfect opportunity for the hopeless romantics to really shine on Valentine’s Day. To spare someone the agony of planning an unsuccessful evening or a disappointed partner, you can put plan a romantic date for various budgets. Come up with a variety of packages that include locations, restaurants, photographers, and entertainment.

Transportation is another, less involved date service you can provide for the happy couples. Many people will be working since the holiday falls in the middle of the week. This means they will need delivery services during the day. At night, you can be certain people will need a ride home after all the bubbly. You can sign up with a taxi-hailing company or app if you have your own car, or drive with a fleet if you have a valid driver’s license.

The Bottom Dollar

If you decide to capitalize on Valentine’s Day, there are tons of easy ways to earn money. Play to your strengths and customize your marketing approach. There is someone out there who is looking for exactly what you are offering. Thanks to the internet, it is now bringing people together in new ways. If you have an idea, get out there and find your niche.


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