The Future Is Here

The future of the dollar bill is changing whether we like it or not. The unknown can be exciting, scary, and mysterious all at once to the casual observer. The dollar or some might say the “Benjamin” is something Americans can’t get enough of, the more we get the more we want. Money is like an addictive drug and there is nothing wrong with that. Don’t take this the wrong way, money is a source of motivation, a reason why most Americans stay in their miserable job, or deal with their terrible boss.

Just like any other things in this world money has a beginning and an end. At first
It all started with trade of goods and from there it evolves to silver, gold, and as you all aleady now paper currency. If you are not living under a rock or in the stone age I’m sure we all have seen the decline of paper. Cash is no longer king, according to more and more consumers.

According to CNBC “In an average week, roughly 3 in 10 adults said they make zero purchases using cash”. Those who do carry paper money around have less than $50 in their wallets.
As we witness the decline of the paper dollar bill we will also witness the rise of
digital currency. One form of digital currency is the cryptocurrent. “Cryptocurrency is very much here to stay,” said futurist and author Thomas Frey, when he was speaking to the Federal Reserve in September on the topic.

He predicts that “cryptocurrencies are going to displace roughly 25% of national currencies by 2030. According to Frey they’re just much more efficient, the way they run.”
While they might make day to day life easier to manage financially. It also brings a lot of worries and concern with hackers all over the world it’s only a mater of when if you get attack. A lot of financial institutions don’t like this not only it will take them out of the game eventually but it cost them a lot. To keep with the trend.

Most Americans can easily go without a bank account now days because there are a lot of other ways to manage their money alot better than a bank. The major benefits Americans receive by banking is the ability to do mobile banking particularly anywhere in the world as long as you can get access to WiFi. While this is convenient and easy because it saves us time from leaving the house to travel to the bank.

The real question who is really benefiting from this convince of online banking? The real beneficiary is the institutions. By going mobile they are able to cut cost such as cutting staff by closing local branches once there is less brick and mortar it affects everything. From my point of view if they are transitioning why they still charge all the fees and fines? Why can’t the customers benefits from it also?

The answers to that question is pure and simple people and its called capitalism. Capitalism is an economic system. In it the government plays a secondary role. So the next question who really benefits of Capitalism? Typically wealthy people who have a large amount of capital (money or other financial assets) invested in business, and who benefit from the system of capitalism by making increased profits and thereby adding to their wealth.

Most Americans don’t want to talk about it but when you really think about it isn’t that the american dream? Most americans are now embracing socialism while forgetting what makes us strong, powerful and mighty it’s the dollar the idea of anyone can make it. The less you rely on government the better off you are.

Savings  your own way

If you feel overwhelmed about how to save money, you’re not alone. While some may think saving money is relatively straightforward, one in five Americans have nothing saved at all. Especially in 2020 during this pandemic year with COVID-19. I would imagine it’s harder for many to start savings now.

Many might ask “how do I start that saving thing? The answers to that question is always complicated. The first thing to saving is coming up with an objective as to why you want to start saving for. Once you have that goal set in place then you have to start working on reaching your goal.

As I tell people it’s better to pay off debt as they carry higher interest than what your savings will bring. You can also set up a plan on how you going to do this. The first thing I did was giving myself 5 years to achieve the payment on my school loans. And try not to carry credit cards balance to the next month.

Trust me everybody living paycheck to paycheck, things are pretty tight you don’t see how that savings thing going to happen. Relax yourself a little, human were meant to be challenge. Tell yourself you dare it to do what you want to do. Like challenge yourself to put $25 away from every paycheck with the goal of doubling it next paycheck.

Now you probably already asking yourself how would that be possible. Because you always come short on the bills. Well it takes a little sacrifices. For instance if your phone bill is $69.00 a month switch to a different carrier they have good deals.
Talk to other people find out what service they are using and how much it cost them.

Also cut back on all the streaming services, it’s nice to have options but at what cost? Look back a little when was the last time you use all these services for more than 45 minutes in a single week. Be mindful of how you spending your hard earnings.
If you burn $150 in electricity. Start managing the way you consume energy don’t leave the  lights on if their not needed. Open the shades let some sunlight in.

You like it cool well while you at work keep the AC at 77. Unplug telelphone chargers when their not in use. Try to open the fridge as less as possible. All those little things will contribute towards doubleling that $25 dollars saving, stay focus and carry on.

Remember my motto “is not to spend your working hours money in minutes”.

Money and Us

What defines us as a person? Most of us will have different answer to that question because we all come from different background of ducation level, surrounding, and way of life.

2020 has been one hell of year. 2020 is the year people find out what they are made of and what they can over come. 2020 has been a year of self discovery, trying new things and finding new hobbies. As the world continues its battle to contain the  spread of the coronavirus pandemic, we have find it very hard to remember a time before COVID-19 and social distancing wasn’t top of mind.

The lives of many people around the globe has come to a complete screeching halt earlier this year, with the virus forcing most to stay at home, order necessities online and avoid physical interaction to help further prevent its spread.
We are all searching for a little bit of sunshine or a rainbow at the end of this. Right now happiness, joy, laughter and the peace of mind is all we are searching for these days.

There are time of sorrow and moment of darkness that we have no power over. But to get through those situations we need something to aim for. It could be a hobby an academic achievement or something else. We ofen find ourselves searching for this things all in the wrong places.

According to the Web in Google search Happiness is a state, not a trait; in other words, it isn’t a long-lasting, permanent feature or personality trait, but a more fleeting, changeable state. Therefore, it is safe to say money doesn’t buy happiness, while we often spend our lifetime chasing it, even taking chances sometimes that involves high risk even death.

For it we spend more time with coworkers than our love ones. We trade 40 hours a week if not more, in return to tax taken off, social security and medicaid all while getting little back. In action the importance we give money have a lot of similarities with blood. It enable leisure, pleasure and it’s a way of life.

The real thing is money don’t buy happiness but it facilitate it. I’ve never seen someone crying on a speed boat or heading to Dubai in a private jet, while they might not be happy which one will you rather be, the one above or the one punching the clock?
Like the song says “we are not happy where we are. There is greener grass in the neighbors yard a bigger house and a faster car.” Human nature we were made for this and will spend our lifetime chansing it one way or another. Weather it’s through hard work or hardly working, we gotta make a living and regardless of our income we always want the best, specially what we can’t afford.