Three steps to stronger financial security

It is no secret that obtaining and managing finances can be a process of trial and error before you get it right. It can be easy to feel lost and confused, but make no mistake – every single person goes through a learning curve with their finances. Everyone starts from the same place, so never feel like it is just you that is struggling to right the ship and maintain a firm grasp on its trajectory. The nature of finance is that it often feels more frustrating than it should. Thankfully, it doesn’t have to. There is a lot of advice out there that is geared specifically towards understanding and mastering the art of handling your finances. So, what is the best financial advice you can possibly get?

Map out your expenses

While it might seem like a given, many people make the mistake of winging it when it comes to handling their finances. Before anything else, you should be mapping out your expenses – specifically, the compulsory costs (think rent/mortgage payments, groceries, electricity and water bills, phone wills, internet payments, car costs, personal super contributions, tax – if you have to pay it yourself as a sole trader or business owner, etc). Include due dates. This will give you a real-time play-by-play of the costs you need to account for. Start here. Once you have mapped out your expenses, you can start to work out a realistic budget.

Create a self-imposed budget and savings system

Creating a budget for yourself will go miles in allowing you to actively and consistently save money, rather than always spending, spending, spending. Once you know your fortnightly or monthly compulsory lifestyle costs, account for some personal leisure money, and then save a set amount. Try to save at least a third of your paycheck, if not half, and you will start to see your savings climb. It might help to have separate bank accounts for different aspects of your finances (i.e. savings, bills, spending, safety net, etc). In doing this, you give yourself the chance to not only maintain the lifestyle you have built for yourself, but to also build up steadily climbing savings that will help you to become more financially secure over time.

Build up to a safety net, then stay above that net

In addition to building up your savings, give a set amount to a “safety net” account as well. This is a financial amount that is set aside for rainy days (think unforeseen costs of all types). There are different ways to approach this ideal, and different ways work for different individuals and different circumstances. For some people, they invest in ways to learn how to safely earn cryptocurrency in addition to having built up their personal safety net, while others stick to the traditional use of a safety net. Whichever way you go about it, the point always remains the same: a safety net is just that, a safety net. Avoid spending it, and watch it balloon to become more and more comfortable over time. 

Become a CBD Seller: You’re Guide to Selling CBD Oil in Your Retail Store

If you want to start reselling CBD distillate, there are several considerations you will need to make. First, doing this kind of business at the retail level, you will need to buy from wholesalers and then do your own marketing as a retailer. There are established wholesalers who only buy CBD from reliable and certified farmers and such are the kinds you need to get in touch with. Cannabidiol is a compound found in the cannabis plant that should be handled within the set legal boundaries. The sellers are expected to be authorized and they should also sell legally acceptable extracts. The following is a guide on how to become a retail CBD oil seller:

  • Company Creation and Registration

If your mind is made up about selling CBD, then the first step would be creating and registering your company. Be keen to follow the due process in the registration so that you do not have to deal with compliance issues later. Again, in the creation of your company, you will need to give it a name that does not raise suspicions. Try to avoid including words like cannabis in the naming as this may bring unnecessary challenges. The fact that cannabis has been abused as a drug makes many people suspicious of its use even for medicinal purposes. Get a neutral name and engage a credible lawyer to help with the registration process

  • Work on Your Business Plan

You will need a proper business plan to guide you in starting up and building your CBD retail business. In case you already have an existing plan that you can use, then you will still need to edit it and include relevant CBD details. Considering the recent popularization of online business, putting your retail shop online will be of benefit. The online market is dynamic and growing quite rapidly. One way to capture this is by including website creation and maintenance in your business plan. Understand and factor in the unique aspects of CBD shops online and every other detail that you deem necessary for your retail shop. A proper plan simplifies the process of establishing the business.

  • Get the Necessary Licenses 

Dealing with cannabis components without the necessary legal requirements will only attract trouble. The federal government as put in place specific regulations as pertains to the sale and use of CBD oil. If you decide to sell this component in your retail shop, then going legal about it will keep unnecessary hurdles at bay. On this one, you may need to get in touch with a lawyer to get all the advice that you need. Link up with the relevant authorities and get all the required licenses before you put your business out there. Above the regular retail business licenses, cannabis retailers have additional requirements. Do your research well and get things done so that you can operate legally and with all due compliance.

  • Strategize

Considering that CBD oil and other cannabis extracts are not your regular kind of medicine, you will need to do quite a bit of educating. There are a lot of misconceptions and misinformation surrounding this business. Many people still do not have the necessary and right information about CBD and this poses a challenge to sellers. For you to succeed in this venture, you will need to lay down proper marketing and educational strategies. You need to create awareness not just about your retail shop but also the products you are selling. Aim at making your presence loud in the online market since that is where real business is shifting towards.

  • Determine Your Suppliers

CBD oil retailing should be handled with extra care. You will need to vet your suppliers well and make sure you identify reliable ad credible manufacturers. This way, you will avoid counterfeit products that can cost you your trading licenses. Get products that are safe for your customers.

Just like any other business, selling CBD oil requires you to do your research well and make sure you remain on the right side of the law. For a start-up, follow the guidelines above to see your business pick and grow as fast as you would like it to.

How to Start and Market Your CBD Company

A CBD business is not your regular kind of business considering that it has not yet become generally acceptable around the globe. Nevertheless, there are people who have succeeded in starting and establishing a cannabidiol business. The secret of growing your CBD business is therefore out and you can make it with the right strategies and structures. In the recent past, the curiosity about CBD and how it works has grown. People also want to understand the legal aspect of running such a business. Below are some tips on how to start and market your CBD Company: 

  • Understand the Legal Implications

It is important to note that the federal government has put regulations on CBD products and the content must meet a certain threshold. This, therefore, means that, for you to operate legally, you must meet the set requirements. Getting your products from an authorized supplier becomes of paramount importance. This is one of the ways you can be sure that you are operating within the legal limits. Making certain claims about the health benefits of your products does not make them acceptable. Only the products authorized by the law are considered safe and of the named benefits. To ensure that you do not miss out on important legal details, engage the services of a qualified lawyer as you set up your business.

  • Consider Proper Business Naming

The name you give to your business, in this case, determines a great deal how people will receive it. This is because in general, anything to do with cannabis has been met with a frown due to the misuse of the drug. Therefore, including words like hemp, cannabis and other related words in your business name may not be a prudent idea. Look for a business name that will not land you in unnecessary trouble especially since start-ups already have their share of issues. Some financial institutions may not be willing to fund a business that sounds risky. Choose your business name with all these factors in mind. 

  • Make Your Business Plan Legit

The kind of plan you prepare will determine how fast and how far your business goes. For your CBD business, consider a plan that will not only lead the start-up process but also give room for growth and development. Considering the current unconventional nature of the business, you will need to factor in all what is necessary for the plan. Make a plan that will clearly communicate your vision and goals to all your stakeholders. In the plan, analyze your products, financing methods and also customer analysis. You will also need to consider the market and lay down strategies on how to penetrate and create a niche for yourself.

  • Lay Down Your Marketing Strategy

Your marketing strategy, in this case, will mainly include finding your place in the market to satisfy a particular need. The way to build your brand in such a market is also an aspect that requires your full attention. CBD products are not the regular medicine that people are used to hence the need to be more aggressive in brand awareness. For a start-up, you may need to consider an expert to help you with branding and other necessary marketing aspects. This way, you will not have to grapple in the dark trying to see what works and what does not work. 

  • Up Your Website Game

Your website is the first place that potential clients will land in their quest to understand your business. If you do not capture them at that point, chances are they will never get to be actual buyers. Build your website in a manner that not only attracts but also sustains the attention of your target market. This is one of the sure ways to build online traffic and increase your chances of converting potential buyers into real and repeat customers. If need be, hire an expert to design and update your website and help you to remain relevant in the online market.

Final Recommendations

Starting up and building a successful CBD Company does not have to be something you only dream about. It can be realized if you follow the necessary guidelines. The points discussed here will be a great starting point for you.

 

Summer Gifts For Every Budget

Barring Christmas, summer seems to be the time for giving gifts. 

With the good weather affecting our mood and willingness to socialize, there’s definitely an increase in the number of invites to pre-prepared events on our social calendar.

These are great, and hanging out with friends is always welcomed, but it’s not long before the panic of gift giving comes around.

You can’t exactly turn up to something empty handed when they’ve put all the effort in, but what do you buy someone for something like this?

This stress can quickly add up and reduce enthusiasm towards seeing your friends, but the problem almost always has a solution.

In this case, it’s our list, which provides you with a number of options for summer gifting opportunities at prices that will suit every budget. 

A Succulent Plant

In our busy lives, most of us will admit that we don’t spend as much time outside in the summer as we should.

If you have a friend you feel is missing out more than normal, however, why not gift them a succulent plant to bring brightness to their indoor space?

Requiring very little water and attention on a daily basis, they make the perfect gift for busy people of whatever age.

These ones by The Succulent Store are perfect; high quality, personalized to specific events, and with delivery throughout the US, what’s not to love? 

A Custom Star Map

If you’re looking for a thoughtful gift that shows you’re thinking of someone this summer, a custom star map from Twinkle In Time should be at the top of your list.

Providing you with an 18”x24” map, they will provide you with an image of the stars exactly where they were on a date of your choosing alongside a personalized message.

This gives you the option to provide someone unique information about the stars on their birthday, wedding day, or even a first date with a significant other. 

A Grill Set 

We all have a foodie friend, don’t we? 

Summer is a time where most people will be out in the garden enjoying a good barbeque, so why not treat yours to a brand new grill set to celebrate?

You don’t need to break the budget to do so, with this set of 24 Stainless Steel BBQ Grill Tools by GrillJoy being perfect for people of all skill levels costing a budget friendly $29.99. 

This gift doubles up as a hint for your next friend/family gathering, too, and might lead to them offering to run the show so they can show off their new tools. It really is a win/win situation! 

A Reusable Water Bottle

Sustainability is at the top of most people’s minds this summer, and what better way to introduce someone to the movement than by gifting them a reusable water bottle? 

There are many options on the market, but the Kool8 one shines above most, having received attention from Cool Things Chicago for being one of the best water bottles of the year.

Some of the highlights from reviews say that the item is clearly made to last, meaning it’d make a great and long-lasting gift for children or your clumsy adult friend. 

Ice Cream Maker 

When asking people what they are most likely to associate with the summer months, ice cream would be high on most people’s lists. 

Heading to the store to buy a carton of ice cream every time the cravings take us can get expensive, however, and can be incredibly time consuming.

Why not save your friend or family member the hassle this year by investing in an ice cream maker, like this Mix It In Soft Serve Ice Cream Maker by Cuisinart

Protein Coffee

If you know a coffee addict who wants to start making healthier choices, then gifting protein coffee might help them start. 

With benefits such as increasing stamina and supporting weight loss, there’s nothing to feel guilty about when drinking this. 

Personally, I use Complete Nutrition’s protein coffee for ultimate nutrition, and couldn’t recommend it more. 

It has very few calories, and makes me feel energized without the sluggish after effects that I notice from normal coffee. 

A Phone Power Bank 

We tend to have more social events in the summer, and with battery life on phone’s not being what they used to be, many of us find ourselves scrambling for somewhere to charge our phones midday.

If you know someone like that, why not treat them to a lightweight USB power bank that doubles up as a light

At 7CM across and 2CM high, it’s the perfect size to fit in a pocket or handbag, making it perfect for the rest of their summer outings.

A Custom T-Shirt 

If you’re trying to gift something to something fussy this summer, designing a custom t-shirt may provide you with the perfect solution.

By doing this, you are taking the time to think about what someone will appreciate, showing them that you listen to them and care about them enough to take the time to embark on such a product. 

They also look really impressive, and it doesn’t have to be expensive, with websites offering to print custom t-shirts for less than $20. Check out ScreenPrintThis site for best offers. 

Summary

While we completely understand that gift giving can be a difficult process, it needn’t be. 

Sometimes an outsider’s perspective and recommendations can provide you with some clarity, and options that you may not have previously considered. 

With that being said, we hope our list has been helpful and pointed you in the direction of some products you didn’t know about that would be perfect for the loved one in your life.

CBD Oil

Cbd oil is all the rage right now. It’s become so ubiquitous, that you can find it at your local grocery store, pharmacy, favorite neighborhood bar and everywhere in between.

While the jury is still out on all the benefits, a lot of health experts continue to talk about the amazing benefits CBD oil have for our health (examples: here and here). 

In a nutshell, CBd oil can help with a variety of conditions, ranging from anxiety, depression, ADHD and much more. If you Google cbd oil online, you can find a variety of vendors who offer attractive offers and products. Even Amazon is full of cbd offers right now. So plenty of options to choose from.

 

Avoiding Emotional Investing Decisions

Financial market volatility can spook investors. And while shifting to a defensive posture may seem like the right thing to do, you need to carefully consider your options before taking drastic action.

When markets decline, investors experience a range of emotions, and that can trigger an irrational response. Agitation appears as the market begins to dip, followed by distress, despair and finally, dejection.

Somewhere on that downward spiral, strong long-term investments with great potential are abandoned in favour of safer alternatives that barely keep up with inflation. Yes, there’s some relief, but it’s often short-term and won’t make up for the long-term damage done to your portfolio.

Staying out of the markets means that your money is sitting on the sidelines in cash or short-term instruments. While there’s a place for cash in a balanced portfolio, by no means should it make up the bulk of your holdings. And while you’re on the outside looking in, your long-term personal rate of return can be dramatically affected.

For example, an investor who stayed fully invested in the S&P 500 Composite Index from January 1, 1990 to December 31, 2018, realized a 7.0% annual return (excluding dividends). Conversely, an investor who missed the 50 best days of the S&P 500 over that same time period realized a -1.3% annual return (excluding dividends). That’s just 1% of the total trading days.

When economic signals point to a possible recession, you should consider taking steps to protect your portfolio, particularly if you are nearing retirement. As well as staying invested to take advantage of buying opportunities, you should build your emergency fund and examine your expenses.

A three- to six-month cash cushion is recommended even when times are good. In a recession, it’s practically a necessity as you don’t know what the future holds in terms of job prospects and other income sources.

As for your daily expenses, living below your means is a sure-fire way to gain financial freedom. One way to accomplish this goal is to create a budget and stick with it. In a recession, you might need to find ways to tighten your belt.

Of course, a well-constructed financial plan takes every outcome into consideration. Such a plan is purpose-built to handle the vagaries of the stock market because it reflects your risk tolerance.

In the face of volatility and talk of a recession, you should stay calm and stick to your financial plan, while continuing to fund your long-term investment objectives, such as retirement.

Speak to a financial planner who has experienced economic instability and can coach clients through volatile periods in the markets. Remember that investing based on emotion leads to one thing: regret.

This is a general source of information only. It is not intended to provide personalized tax, legal or investment advice, and is not intended as a solicitation to purchase securities. Dwayne Rettinger is solely responsible for its content. For more information on this topic or any other financial matter, please contact an IG Wealth Management Consultant.

The Importance of Mentoring for New Entrepreneurs

Becoming a successful entrepreneur takes hard work and perseverance. But you also need a little help along the way. That’s why it’s important to consider a mentor.

Mentors have critical knowledge about how the business world works. In a mentoring relationship, a seasoned business owner meets regularly with a new or potential entrepreneur one-on-one to give advice and boost morale.

One of the biggest benefits of having a business mentor is having a sounding board to ask questions and seek out knowledgeable advice. New entrepreneurs are more likely to seek advice from friends and family. While some of that advice can be sound, a mentor can help you sort out more complicated business matters that your friends or family would not know how to resolve.

Mentors can also help you look at problems and situations from perspectives that you would not have thought of on your own. For example, as a new business owner, you may have trouble looking at your business through the perspective of a customer, or a potential investor. Your mentor, who has dealt with these situations before, can help you understand different viewpoints.

Unlike advisors and consultants, who care only about a business’s outlook, mentors will help you develop skills related to your specific venture. For instance, my mentor, the late George Fontanills, was one of the best options traders in the world and I met him at a live seminar. He taught me a lot about trading and what it takes to be successful. He helped me understand that success is more than having good strategies and formulas. He guided me to truly understand the importance to find a trading style that suits your personality.

George observed my trading style, including the mistakes I was making, and decided that swing trading was the best fit for me. He understood that I don’t have the patience for trading longer term, so a short- or medium-term time frame works best. He also understood that I loved to travel and needed some flexibility, so day-trading would not work either.

Many years later, I’ve mastered swing trading. I am in my trades for a few days to a couple of months, giving me enough time for the stock, commodity, or currency to move some distance so that I can capture meaningful profits. And that’s all thanks to George, who also taught me valuable risk management skills and how to protect my trading capital.

Having the right mentor, in particular someone who plays to your strengths, can help you achieve success at a much faster and sustainable pace. It’s why I recommend that you seek out your own mentor. Find someone who is approachable and willing to answer questions. If your would-be mentor is also inspirational, that’s a great bonus. When you’ve found someone to fit the bill, be candid about your past experience, including mistakes you’ve made. Mentoring is a two-way relationship and you must be open and honest for it to work.

5 Reasons You Should Speak to a Financial Planner

Planning and balancing your finances are always difficult tasks, so in many situations, it makes sense to hire a financial advisor to help. A good financial advisor will help you makes sense of your incomings and outgoings, along with being able to provide you with valuable advice for reaching your savings goals, whether you are putting money aside for a rainy day, hoping to purchase a property, or want to grow a trust fund for your children. Here are some of the main reasons to consider working with a financial advisor. 

#1. Determine Your Personal Financial Status:

Your financial status is calculated by several different factors, such as your total net worth, your credit score, and your other assets and liabilities. Do you have a savings reserve or are you paying off debts? Do you have sufficient insurance cover? Meeting with a financial advisor will help you review where you stand in terms of your money and see where you will be able to make improvements for the future. 

#2. Preparing to Invest Your Money:

Are you interested in investing your money? Perhaps you are wanting to make even more from a recent windfall or are interested in growing your regular salary through investments on a regular basis. Speaking to these investment advisors in Minneapolis will help you determine the right route for you to take when it comes to making investments, help you better understand the process for the type of investments that you are hoping to make, and work out an investment budget that’s right for you. 

#3. Determine the Right Budget for You:

Visiting a financial advisor isn’t just about the bigger financial decisions in life. You can also benefit greatly from meeting with a financial professional when it comes to planning your budget and managing your money better. If you are struggling to make ends meet or simply want to make your money stretch further so that you’re able to save more, speaking to a financial advisor can certainly help. 

#4. Plan a Retirement Strategy:

If you want to enjoy a good retirement, then you should start putting money away for it earlier than you may have realized. In fact, most financial professionals recommend putting money aside for your retirement in your 20’s. And, since there are always unexpected and emergency expenses to consider, it’s understandable that many people worry that their retirement funds will not be enough to live on. Meeting with a financial advisor will help you deal with any worries that you have regarding retirement funds and help you put together a solid plan for your post-work future. 

#5. Plan a Strategy to Provide for Your Family:

Finally, if you’re expanding your family, meeting with a financial advisor is a great idea in order to help you provide for those you love the most. Maybe you are considering the idea of putting money into a trust fund for your children or saving up towards funding their college education; meeting with a financial advisor can help you with this. 

Why would you schedule an appointment with a financial advisor? We’d love to hear from you in the comments.

4 Ways to Communicate Effectively in the Workplace

Communication is one of the most common soft skills that employers and employees value. We all know that things would work better if we could communicate better, listen more, explain things more clearly, and so on.

Of course, communication is very important at work, but how can we really improve it? We’re glad you asked.

Below are four habits of effective workplace communication. The first two are simply verbal communication skills, but the second two include technological tools like group texts. The best way to achieve optimal communication in the workplace is to incorporate both methods into your day-to-day workflow.

1. Make Communication a Two-Way Street

There are few habits that stifle communication more than a lack of effective listening. Practice putting away all distractions when someone is telling you something important—or not important! Get your cell phone completely out of sight, for example. Look your coworker in the eyes.

Now and then, say something specific that you are understanding from what your coworker is telling you. That will show that you’re listening, and let him or her clarify if you misunderstood.

We misunderstand each other more often than we think! You can reduce this by listening instead of planning your response while the other person is still speaking.

2. Meet More Frequently and Consistently

To have great workplace communication, we need consistency and a higher frequency of quality meetings. If you’re a manager, set up consistent one-on-one meetings with each direct report on a regular and predictable schedule. It might be once a week, once a month, or some other time period that works for everyone and for your business cycle.

Your direct reports have to be able to rely on this communication session. Be consistent with them for some time until your meetings become a habit.

Once they get used to productive one-on-ones, your employees will gather their questions and comments and have them ready each time, successfully boosting efficiency and clarity of roles and expectations.

If you’re not a manager, you could let your manager know that you really need consistent meetings in this style. You could suggest that it be just a five-minute meeting at first in order to start creating a habit.

3. Set Up a Group Texting Service

One of the quickest ways to reach your direct reports or coworkers is through group texting. Everyone carries a cell phone, and if you send SMS texts, your coworkers can receive them even when they’re not on the internet.

These days, mass texting services are very simple to set up and use. Group texts are a reliable way to send your team emergency updates, meeting times, task reminders, and much more.

Group texting services are also quite affordable, and they can save you money and time. They can let you reach your employees or coworkers when other communication methods fail.

4. Get Good Feedback

Everyone on your team has a valuable perspective. Your employees who are on the front lines working with customers and products have knowledge and insights that could improve the company. So, you need to get feedback and suggestions from them.

 

Let them know that their thoughts are valuable and encouraged, and give them several options for sharing, such as email, one-on-one meetings, and group meetings. Also, give them a place to leave anonymous feedback, such as an online forum, a suggestion box, or a notebook.

The goal is to get the best, most candid ideas possible—and put them to good use to improve your organization!

Build a Culture of Communication

We all want to be heard, for our ideas to matter, and to have a great place to belong. Make your workplace more satisfying for everyone by building new communication habits and using them to create a better team.

How the Internet of Things is Affecting the World and Why You Should Invest in 2019

 
A major technological paradigm shift has fundamentally changed how the world around us operates. A few centuries ago, this would have been the industrial revolution, and today change has been dominated by innovative technologies like the Internet of Things (IoT).
While the opportunity to reap the impressive financial gains provided by the Industrial Revolution is long gone, there is still plenty of time to capitalize on the growth of IoT. Our smart devices are now increasingly interconnected, and the value of IoT-related companies is likely to increase.
 
From healthcare to manufacturing, the Internet of Things is set to change how entire industries operate fundamentally. Now is the perfect time to learn more about the impact of IoT and how you can leverage it to increase your own financial gain.
 
Just What Is IoT? Why Does It Matter?
The Internet of Things has come to be known as the extension of internet connectivity to physical devices everyday objects. In other words, IoT represents the expansion of modern computing technologies past the traditional laptop or desktop and into the vehicles and sensors of the future.
 
The Internet of Things represents a fundamental shift in how society interacts with technology, as now (and more so in the future) almost every device will be connected to the internet in some way, shape, or form. In short, IoT matters because it has the potential to change how our world functions.
 
How Is IoT Changing Investing?
At this point, you are probably asking yourself questions like, “Can the connectivity provided by IoT technology actually lead to superior gains in the market?”. While it’s hard to directly answer this question without wading into the world of investment advice, some trends are starting to become apparent.
 
For one, many industries (ranging from healthcare to energy) are starting to make the Internet of Things a cornerstone of their business models. We have already seen the impressive impact that IoT has had on the manufacturing industry and expect this trend to continue developing across a variety of industries.
 
Best IoT Stocks for 2019
With a clear understanding of what IoT has to offer, it’s time to unveil the top IoT stock for 2019:
 
CAP-XX LTD (CPX)
CPX is one of the leading firms in the super-capacitors space. This may sound like its unrelated to IoT, but such electronic components may actually enable the explosive growth of IoT to continue. Thanks to their unique properties, Super-capacitors enable power solutions that help make advanced IoT technology possible.
 
LightWaveRF PLC (LWRF)
LWRF has developed a unique (and most importantly, proprietary) IoT platform that assists customers in better integrating this tech into their smart homes. As the first company to provide an all-in-one IoT app solution, they’ve gotten off to a great start. More importantly, LWRF appears poised to continue its growth as they partner with popular brands such as Amazon Alexa and Google Nest.
 
Tern PLC (TERN)
TERN specializes in the development of software for the cloud, Internet of things, and traditional mobile devices. With numerous business holdings, some of which are industry leaders in the field of IoT security, TERN is playing an important role in improving the future of IoT systems. As cybersecurity continues to be a pressing issue, investing in IoT security looks to be a great choice.
 
Ilika PLC (IKA)
Similar to CPX, this company specializes in electronic components that play a crucial role in IoT devices. Specifically, IKA creates industry-leading solid-state batteries that are uniquely capable of meeting the demands of IoT technology. From smart homes to the medical and transportation sectors, IKA batteries are powering the powering of IoT behind-the-scenes.
Clearly, there are a number of great IoT stocks out there. While these picks are our favorite, we encourage you to do your own research and due diligence before investing. Here’s to the continued growth of IoT and the market, together!
By David Corne
Want more investment advice? Visit financialhobby.com.

Why Cloud Storage Is Going Social

Cloud Storage is one of the most important iterations of the Internet. The data storage method has become increasingly popular in personal and business applications as a means to organize, manage, and access information all in one place and in real time. As discovered by a research survey by Avere Systems and Gatepoint Research, there are several reasons why businesses swear by this method.

 

Disaster Relief

 

For one, research execs and IT professionals believe that disaster relief is a major benefit. In the face of disaster, business professionals can count on cloud storage to restore their most important documents and collaborations in order to stay afloat. In fact, 20% of cloud storage users recover from a site disaster in four hours or less, according to CIO.com. Unfortunately, only 9% of non-cloud storage users can say the same about their disaster recovery experience. When a company faces adversity, resilience is of the utmost importance and the consequences of not having an effective storage method are well, disastrous.

 

Centralizing Data Management

 

Another common benefit of cloud storage is Centralizing Data Management. This means that you can access all of your documents in one unified and organized platform. No longer do you have a million folders floating around on your desktop. Instead, your cloud-computing provider will do the heavy lifting for you and ensure that your data is easy to retrieve. Centralizing Data Management also opens doors for telecommuting. With a unified data center, it becomes possible to distribute personnel across the world, providing for a diverse team that will ultimately contribute to the success of your company.

 

Cost Savings

 

The holy grail of business solutions is, of course, cost savings. And according to today’s IT professionals, cloud storage is a great way to reap the benefits. Cloud Storage creates a pay-as-you-go model that can reduce IT costs by up to 77%. Not only can it save you money, but it can also increase revenues, enhancing performance and different capabilities to improve your bottom line.

 

Getting Social

 

The business applications of Cloud Storage are numerous and when it comes to the future of this technology, we have a lot in store. What can we expect to see next in Cloud Storage? According to Arvind Raichur, CEO and Co-Founder of Cloud Storage platform, MrOwl, the answer is simple, social. It is for this reason why Raichur and his team have carved out an entirely new category for technology applications, Social Cloud Storage™. Social Cloud Storage allows you to share content directly out of your cloud storage to a community beyond your contacts. It allows you to share your own information and discover what others are sharing out of their own personal cloud storage. It’s all about enhancing communications and building a wider community where individuals feel heard, understood, and above all, connected.  And, it’s never been easier to share knowledge and resources because MrOwl offers unlimited storage for public content as well as 10GB’s of free private storage.

 

“We believe that consumers are looking for new technologies, like MrOwl, that provide them with more of a balance between being able to personalize their experience and having greater control over their privacy, Raichur says. “Both things are important. People want to be able to customize the Internet based on who they are and what’s important to them and their digital needs. They want more control over their experience and over their own individual privacy, because they are more aware than ever that their data is being used to target them and they want to have more control.”

 

Building a Stronger Internet Community

 

How does a platform like MrOwl restore privacy control back to the user? On the platform, users can opt for the premium package in an ad-free environment that will keep the users’ personal information completely anonymous. While a targeted ad environment will deliver more relevant ads, this is not a priority for many users out there. Having this option available will finally give users the opportunity to choose the environment that works best for them. It is in this spirit that we may build a better Internet community.

 

“We are really excited as MrOwl has the ability to change the world and become the primary place where people can access, share, and interact with one another in a more positive setting, not just about cool content, but about smarter and more meaningful content,” Raichur concludes. “We’ve come to a point in our “social media lives” where we are a bit drained at just looking at repetition, and we are excited to give everyone a chance at something new that brings more meaning and empowerment to internet users everywhere.”