Life

When it comes to planning for the future, it can be challenging. There are many aspects of your life to get in order sooner rather than later. Without a plan, you could be left wondering how you will make ends meet, if you’ll still be able to live in your home, if you have health coverage, and just finances in general.

One part of your plan should include Medicare. Although it’s not something you can enter into until you turn 65, it is something that you want to become familiar with.

We have a few points about Medicare that is worthwhile to become familiar with.

The Different Plans

When talking about Medicare, there’s not just one plan for everyone. There are also Medicare Supplement plans (or medsup plans) that help with any gaps there may be in your coverage. It’s important to learn about the different plans and supplement plans, so you know you’re getting exactly what you need.

One plan worthwhile to look at is the medsup plan g. The Medicare Supplement Plan G is one of the 10 standardized supplement plans in the United States. It can help cover out-of-pocket expenses that your other plans may not cover.

Medicare is Complex

Medicare is not the most straightforward coverage. A lot is going on with Medicare that it’s best to talk to someone about it. You wouldn’t want to learn the wrong thing or pick the wrong plan.

It Comes At a Price

You will have to pay for your Medicare through monthly premiums just like you do for other insurance and coverages. On top of that, because Medicare doesn’t cover everything, there may be out-of-pocket expenses to worry about.

To help with this, it’s best to start saving for your retirement as soon as possible. The more you have stashed away, the less you’ll have to worry about any medical expenses your Medicare doesn’t cover.

Late Enrollment Could Hurt You

You wouldn’t think of being penalized for not looking into Medicare right when you turn 65. With Part D, there is a late enrollment penalty if you go without prescription drug coverage for 63 or more continuous days. It is something to consider.

Also, late enrollment could hurt you by not having the coverage you need. Although you have about seven months to enter into Medicare (three months before you turn 65 and three months after), the longer you wait, the more chance you have of having a gap in coverage.

You’re Not Alone

The thing with Medicare is that you are not alone. It’s a complex system that can easily be confusing. However, it is something you want to understand because it affects your health and your retirement.

What we can take away from these points is that learning about Medicare as soon as possible is better. The more you understand it, the easier it will be when it’s time to pick your plan. Look into the supplement plans for any gaps in coverage, and don’t delay in your enrollment process.

President and CEO of iAdvance Now, Eddie Hamid, is making waves in the finance world with his client-focused methods. He started iAdvance now because he saw the need for small businesses and startups to have easier access to funds. His experience in the finance, marketing, and insurance industries introduced him to the unique needs that many new businesses and entrepreneurs have. His love of innovation helped him organize a qualified team of finance professionals to help all types of businesses get the funding they need.

Based in New York, iAdvance Now is an alternative finance company that has now become a successful presence in the industry as they help hundreds of clients get the startup capital needed to make their own waves in their respective industries. Hamid and his team at iAdvance Now thrive on helping others find their economic empowerment.

Recently, I was fortunate to have the chance to sit down with Eddie Hamid to discuss what drives him and what advice he has for new entrepreneurs.

Q: What motivates you every day to be a leader in business?

A: Desire motivates me. I have a desire to do everything to the best of my ability. If what I’m producing isn’t good, it isn’t finished. I keep going and put every bit of myself into a project to make it the best it can be. This is how iAdvance Now has become so successful and why clients trust us. They know we won’t stop until the job is done to perfection.

I also have the desire to help my clients have access to the capital they need. My team and I at iAdvance Now do this for the love of helping other businesses succeed. We thrive on seeing a business open or a product enter the market because of us. Many of these people don’t have access to traditional funding and wouldn’t be giving the world their innovation without the funding we set them up with. It’s a good feeling.

Q: Do you watch TV? If so, what are your favorite (business) shows?

A: I’ll be honest, I’m more of a reader. My favorite business books are Think and Grow Rich by Napolean Hill and The Lean Startup by Eric Ries. What I like about both books is the notion of how important mindset is. It’s true, mindset is everything, that’s how I stay driven and focused.

Another book that isn’t tailored towards business but is just as valuable is The Art of War by Sun Tsu. I’d say that this is one of my favorite books of all time. The advice it offers for life and business is invaluable. Not only does it also focus on mindset but it has a strong message of empowerment, which is one of the values I stress for myself, my team, and my clients.

Q: What’s the best business advice you’ve ever received?

A: The best business advice I’ve ever received is what I’ve learned from my mistakes. I haven’t had a lot of advice from other people but I learned a lot by examining my mistakes and seeing how I could do things differently. This has helped push me in the right direction so many times that I am now grateful for the mistakes I made in the beginning. I wouldn’t be where I am without them.

Q: What did you learn from your biggest failure?

A: I learned how hard it is to start. That’s usually when failure happens the most. My failures in starting when I was young came mainly from lack of patience and trying to solve a problem before examining it. As a more mature professional, now I know to take time in seeing all the angles of the problem before finding a solution. This makes things much less stressful, which in turn helps me make better decisions.

Learning how many hoops you must jump through as a new business is exactly what led me to start iAdvance Now so that I can help other people go through less hoops in the funding process, leaving them more time and energy to focus on their product or service. We have been building on that ever since.

Q: Have any advice to share with people just getting started in business or sales?

A: Keep going. There will be hurdles and challenges. You will be exhausted and ready to give up. The stress of starting can eat you alive sometimes. Don’t give in to that. That is all temporary. Keep working hard and be persistent. It will eventually happen but the thing to keep in mind is that the struggle will make you a better entrepreneur, leader, and innovator.

There is power in networking. Never stop networking, even in places you wouldn’t think it would matter. Keep those business cards handy at all times. Keep an eye out for any opportunities or events happening in your city and any neighboring cities.

You’ll never go wrong with hard work. Keep your eye on the prize and do what it takes. It may sound like cliché advice but there is a reason it’s still thrown around. Hard work is the not so easy golden ticket but it’s still a golden ticket.

True words and good advice, Hamid! The hard work they put into iAdvance Now can help you find the funding you need for your business or startup. Find out more at https://www.iadvancenow.com/ or follow them on Facebook and Twitter for more business and lending advice.

Do you think about life insurance? If you answered no, you should be. Life insurance is not something you want to put on the back burner and wait until later. The thing with life insurance is that you never truly know when you’ll need it. It could be when you least expect it.

You get life insurance to help out your loved ones if you were to pass away unexpectedly. Although it’s not something we want to think about, it’s a reality for many families. Having life insurance ensures that those you leave behind will have the money for funeral expenses and everyday living. Without it, your family could end up with any remaining debt, all the costs for a funeral, and the struggle of losing an income.

The issue with traditional life insurance for many is the medical exams required before the possibility of approval. Some do not like going to the doctor or are afraid of needles. Others may not have the time to go through everything the insurer requires. That is where no exam life insurance comes into play.

Take a look at some of the benefits and drawbacks of no-exam life insurance to decide if it’s an option for you.

 

No Medical Exam

One of the biggest appeals of no-exam life insurance is the fact that applicants do not have to go through a medical exam. That doesn’t mean you simply fill out a few papers and you’re approved for life insurance. There are still many steps to take.

You’ll be required to answer a handful of questions regarding your health. Your answers will determine if the insurer accepts or declines your application. So, there is still the chance of getting declined if you a terminally ill, have a history of heart disease, or even if you have diabetes.

Simplicity

Another major appeal of no-exam insurance is the simplicity of applying for coverage. Many insurers allow you to fill out an application online, answer the required questions, and get approved the same day. There is no need to go to the doctor, and you avoid any of the waiting periods after getting your medical exam. It’s a quick and easy process for almost instant coverage.

Expensive

One drawback of no-exam life insurance is the price of the monthly premiums. Because there is no health exam and the insurer grants you coverage almost instantly, the premiums will be higher.

Insurance premiums are higher for those who have poor health, and when the insurer thinks there is a higher chance of them having to pay out your policy. Without the medical exam and instant approval, the insurance company is taking a higher risk on you. Also, if you answer your questionnaire that you’re a smoker or drink a lot, you can expect to have higher premiums.

Is No-Exam Insurance Better

Depending on how you look at it, no-exam insurance may be the better option for some, while traditional life insurance might be better for others. If you’re someone who does not like going to the doctor, doesn’t want to go through a medical exam, or do not have the time for the process, then no-exam life insurance would be for you.

If you are up to date with fashion brands, read magazines, or are active on social media, then you’ve likely noticed a shift in the way models look. Gone are the days of strictly thin models gracing our websites and products, and in comes an era of women of all shapes and sizes taking the world – and our brands – by storm.

For JJ’s House, this is a fact to be celebrated and encouraged, something they’ve been encouraging and celebrating for years, and will continue to support. At JJ’s House, they celebrate people of all shapes and sizes – from petite to plus-size, they believe that everyone is beautiful, and they plan to continue making dresses and styles that cater to everyone’s particular needs! This is especially true for the prom dresses 2019 – they proudly offer a huge collection of plus size prom dresses.

So, why are brands suddenly beginning to celebrate models of all shapes and sizes? We’ve laid out a few reasons that we believe this trend is finally coming into fashion! Overall, this is a welcomed shift in the fashion industry that should be fully supported.

Beauty Standards Are No Longer Being Defined by Dated Criteria

At this point in history, we’re all a part of a cultural shift. No longer is beauty defined by a number on a scale, but rather by people who are happy and healthy, living their best lives. Skin and bones don’t equate to model-status anymore, simple beauty and health are beginning to take over, and it’s changing antiquated beauty standards everywhere. This shift in our culture is being reflected in the way marketing and advertising are changing, too, which is one of the reasons that plus size models are becoming a much-welcomed staple in fashion brands and the fashion industry overall.

Body Positive is Sexy!

We discussed that change or shift in our culture earlier, and with that comes this simple idea: body positive is sexy. Gone are the days of shaming a person for not looking a certain way, instead, we’ve ushered in a new era where kindness and positivity are leading the fashion industry. This body positivity movement is evident in most of the fashion brands, and based on the strong, positive reaction from consumers, it’s a trend that will continue.

They Service People of Every Shape and Size, so They Should Show it Off

Like with JJ’s House, plenty of fashion brands out there are already making plus size garments and articles of clothing for their audience base. Because this is already something they offer, they recognize that a portion of their market buys these sizes – why wouldn’t they have a plus size model show off their dresses or other articles of clothing? This is a logical choice more than a choice based on body positivity or shifting culture trends. Because they already serve this client base by creating these clothes, they might as well continue to service this client base by offering them models with similar measurements to show them how things will fit.

There’s been a lot of anticipation about the revenues that would be generated once sports betting is legalized in the US. While some states prepared for the expected revenue increase, others were wary about it.

It is a known fact that illegal gambling

brings in a lot of money. That’s the reason that many people believe legalized sports betting would be profitable. However, this equation is not as easy as it seems. This is because there are a lot of indices that affect the profitability of any enterprise.

The infographics below by NJ Games is meant to help you understand the economic ramifications of legalized sports betting. But before we get into it, let’s give you a summary.

Understanding the Dynamics of Legalized Sports Betting

Just like the days of the Californian

gold rush, the days ahead would witness a lot of wild drama. There are a lot of players in the field of sports betting: the bookie, the bettor, the bookmaking giants, and even the government. All would seek for ways to get a cut of the pie. This would, of course, lead to a lot of wheeling and dealing.

How would the sports leagues make the kind of profit they feel is worthwhile? How would they combat the issue of illegal sports betting that has already gained ground? These are some of the questions the leagues and fans are faced with. This is mainly because even highly rated legal bookies seldom
make anything higher than 5% net profit per year.

Furthermore, some states are considering the issue of “integrity fees”. These are fees that would be paid to the leagues for supervising some exceptional betting activities. This fee is the charge for providing statistical data and would make it even harder for the bookies to compete favorably with illegal sports betting operators.

While optimism about the profitability of legalized sports betting is high, there are still some lingering doubts.

Check out this infographic and get deeper insights into the economic ramifications of legalized sports betting.

Another month has passed and just like the month before, you managed to set 20% of your paycheck aside for your emergency fund. Now it’s been two years and your emergency fund is actually starting to be big enough. The next money you put aside – should you use it for travelling, should you buy something nice (although, maybe useless) for yourself, should you give it to charity? All of them are good options, but there’s also (at least) one other option. Now that you have your emergency fund built, and you really should keep that money safe, you could start thinking of using all the future “spare money” to try to earn with it. To make it grow. And there are several ways of doing that.

Obviously, you could consider playing Powerball online and although the odds are low, the size of your potential winnings is unimaginable. But that’s not really growing your money, that’s hoping for the best. For actually growing your money there are a few different options.

Investing in stocks
It doesn’t necessarily need to be stocks, it could also be forex or cryptocurrencies as well. But investing in stocks is usually a lot better option, because there are some important differences between stocks a cryptocurrency market. Investing is long-term, and you should choose stocks with huge potential. Even if you see actual results only in 10 years time. At this point one good bet would be anything related to Elon Musk. But that’s just my personal take.

Real Estate
While we’ve all heard of and been part of the booms and crashes, by the end of the day real estate market is the best market to invest in. The safest one. Long-term real estate prices are growing. Obviously you still need to do your research about where to buy and for what prices, but in general even today it’s the most fool-proof option. The negative side is that investing in real estate usually assumes a huge investment, at least compared to stocks or cryptos.

Loans
There are a number for crowdfunding lending sites out there which according to a number of friends of mine can actually give you a return of anywhere between 5 and 20% a year. Which is a pretty decent ROI already. Of course, should you join any such platform – again, firstly do your due diligence and make sure the platform is legit. And never lend all of your money to one person but rather split it between 50-200 different people. So that even if some loans will go bad, and they will, you’ll still be making money, not losing it.