Planned Obsolescence
Definition Planned obsolescence (also known as built-in obsolescence or premature obsolescence) is a strategy of planning or producing a product with an artificially limited useful life or a purposefully flimsy design so that it becomes obsolete after a certain period of time. It is important to note that, in order for the strategy of developing long-term sales volume by reducing the...
Pareto Principle
Pareto Principle Definition The Pareto Principle, also known as the 80/20 rule, is a business and investing guideline that states that 80% of outcomes (revenue, profits, etc.) come from 20% of inputs (customers, employees, products, etc.). In other words, a small number of items or people are responsible for the majority of results. This principle is named after Italian economist Vilfredo...
Common Risks and Scams of Investing in Penny Stocks
Penny stocks seem like a great opportunity to make money. They are inexpensive, and you can buy them with just a few dollars of your hard-earned cash. However, penny stock trading poses risks that many people don't even know about! In this blog post we will discuss the risks of investing in penny stocks so you are better informed before...
Building Personal Financial Habits and Using Them in the Workplace
It is no secret that personal financial habits are important. From saving money, to investing wisely and making good decisions, personal finance habits can have a huge impact on the success of your life and career. But how do personal finance habits apply in the workplace you may wonder? In many ways. This article discusses some of them and how...
Top Reasons Why Cryptocurrency is so Popular
Cryptocurrency is a concept that has remained topical for a very long time now. A few years back when this term debuted in the financial world, not many people were convinced or had a broader understanding of it. Today, it is all over the place and has become a rage across the globe. Most people, when they talk about...
Why Do People Refinance Their Homes?
People refinance their homes for many different reasons. Depending on your personal circumstances, it can sometimes make sense to refinance. For instance, you may be able to get a lower mortgage interest rate or you may need additional cash for something important like funding your child’s university fees. Here is a look at some of the times you may...
Bitcoin SV Educates Sudan about Blockchain Technology in Official Visit
The Republic of the Sudan has been plagued by decades of armed conflict and an authoritarian president that had grave consequences to its economy. Its technological sphere is not at par with the current digital standards, and its development has been a long time coming. As it transitions into a democratic nation and enact massive reforms, much-needed attention is...
Personal Finance Tips for College Students
Students have to face a great variety of typical hardships and unexpected complications. One of the typical ones is the lack of money. Most students have limited budgets and so are forced to save up whenever they can. It creates persistent mental pressure because they cannot afford a lot of things and should always keep an eye on what...
Musk-fuelled bitcoin surge triggers cryptocurrency exchange glitches
Major cryptocurrency exchanges experienced technical issues on Monday as trading volumes soared after billionaire Elon Musk’s Tesla Inc revealed it had purchased $1.5 billion of bitcoin and would soon accept it as a form of payment. The electric-vehicle company’s move marked the latest step toward mainstream acceptance of bitcoin, sending it 10% higher on expectations that other companies will soon...
Finance 101 For New Students
Are you a college freshman who is about to embark on one of the biggest adventures of your life? If so, your days likely consist of prepping for the big move and getting your life in order. Sourcing textbooks, packing up your old room, shopping for new stationary supplies, putting your personal items in just a few boxes –...