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How to Spot a Cryptocurrency Scam

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Spotting a Cryptocurrency Scam

 

03C18527Sad but true, ignorance and greed have a tendency to fuel scams and financial malpractices. Cryptocurrency is on the rise, and today’s investors are exploring opportunities with the flood of digital currencies that are coming to the market. The challenge is that some forms of cryptocurrency are too complex for the most sophisticated of investors to fully understand. Some of the more popular digital currencies require mining and extensive knowledge about cryptocurrency for investors to benefit. When investors don’t have a good grasp of what they’re putting their money into, they risk falling for a scam.

The NexxusCoin, the digital currency of the Nexxus Global Rewards Community, eliminates the complexities of digital currencies by taking cryptocurrency mainstream. There’s no need to have any prior knowledge about cryptocurrency or to go through the complicated task of mining to benefit from the NexxusCoin. Instead, members of the Nexxus Rewards Community benefit from earning cash back rewards by making purchases from participating Nexxus merchants. Each purchase made through the Nexxus Global Rewards Community increases the value of the NexxusCoin.

Bob Wood, founder, and CEO of the Nexxus Global Rewards Community, recently outlined how to identify a cryptocurrency scam:

1. Are the fundamental principles of cryptocurrency present?

 

Here are the defining characteristics of cryptocurrency:

*Decentralization
*Privacy
*Unlimited use
*Controlled supply
*Transparency with a public ledger
*Verifiable source code

 

 

If any of these fundamental principles are missing, walk away from the opportunity. A non-genuine cryptocurrency offers unrealistic returns that usually only come from other investors’ money.

2. How does the cryptocurrency benefit users?

Once you determine whether or not the cryptocurrency includes all of the defining characteristics referenced above, the second question you must ask is if the cryptocurrency offers a user benefit to driving demand. When building a market for a digital currency, it’s necessary to have an ecosystem in place to be able to use the coin for real value exchange. If no real value is offered by the cryptocurrency to drive demand, it’s not a worthwhile investment.

In a world that’s becoming more economically unsafe, cryptocurrency provides you with an opportunity to diversify your investments. It can also help you realize tremendous financial gains. Just make sure you do your homework to prevent yourself from falling prey to a cryptocurrency scam.

The NexxusCoin includes all of the fundamental characteristics of cryptocurrency and offers real value to users through the Nexxus Global Rewards Community.

Please contact us at Bridge Advisors to learn more about how the NexxusCoin will allow you to take back control of your financial future.

Don’t Be Afraid of Cryptocurrency

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For some, as soon as some people hear the word “cryptocurrency,” a glaze of confusion rolls over their face. There’s something about this word that makes people feel as though the conversation has suddenly gone over their head. I’m here to tell you that there’s no need to feel overwhelmed or confused.

CryptocurrencyWhat is Cryptocurrency and How Can You Benefit?

Cryptocurrency is simply a digital currency that is not controlled by any central authority. Considering that our country is currently dealing with out-of-control hyperinflation and an economy that can only grow by issuing more debt, digital currency presents a compelling opportunity to return financial control back to the people.  Another attractive attribute is that it uses cryptography for security. The security makes cryptocurrency difficult to counterfeit and allows you to be as anonymous as you would like.

Bitcoin is a form of cryptocurrency that has been around for a few years. The challenge with Bitcoin is that it requires users to get very technical, which is why the idea of cryptocurrency makes some minds boggle.

How the Nexxus Rewards Community is Taking Cryptocurrency Mainstream

CryptocurrencyThe Nexxus Rewards Community, however, simplifies this concept by taking it mainstream. We’re removing the technical barriers that prevent people from investing in digital currency and are empowering them with the knowledge to change their family’s financial destiny. With the Nexxus Rewards Community, no prior knowledge or technical background is required to benefit from our cryptocurrency, the Nexxus Coin. We simply meet our members where they are and provide them with an opportunity to accumulate tremendous wealth.

Through the Nexxus University program, you will learn the fundamentals, which will allow you to take full advantage of the Nexxus Rewards Community. The Nexxus Rewards community uses a peer-to-peer electronic cash system, which rewards members for making purchases using Nexxus Coins. In addition to the Nexxus Rewards Community providing you with an easy way to get your feet wet with cryptocurrency, you also have the potential to earn substantial residual income through the rewards community by becoming a Nexxus Affiliate.

As you can see, with the Nexxus Rewards Community, there is no need to be fearful or feel overwhelmed when you hear the word “cryptocurrency.”

Please contact us at Bridge Advisors to learn how the Nexxus Rewards Community is going mainstream and the many ways that you can benefit from getting involved.

Financial Planning Tips for Couples

Effective Financial Planning Tips for Couples

By | Bridge Advisors, Financial Planning, Retirement | No Comments

Trying to plan your financial future as a single individual is difficult enough; doing so as a couple can prove to be even more challenging. The following are a few tips on financial planning for couples to keep in mind:

  • Compare spending and saving habits – Figure out what the financial habits of each person in your relationship are like, such as whether one of you is frugal and the other isn’t. Then, try to figure out how your habits can compliment one another.
  • Establish a plan – Create individual and combined goals and figure out how the both of you are going to budget your money to reach those goals. For example – maybe you want to save a certain amount at the end of the month. This would be a combined goal. However, you would have individual goals based on your individual income to meet that combined goal.
  • Check in – Check to see how both of you are doing on your financial goals on a regular basis in order to encourage each other.

Use these financial planning tips for couples and be sure to contact us at Bridge Advisors today for more financial advice. You can join our team today!

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Enjoy the Benefits of Our Unique Selling Proposition

By | Bridge Advisors, Retirement | No Comments

Finding someone trustworthy and reputable to manage your money can be a difficult task. The last thing you want to do is to lose your financial freedom because you entrusted your money to the wrong person. We know all too well the risks that are involved with investing your money, which is why we focus on reducing risk as much as possible. Experience the best in finance management with the Bridge Advisors unique selling proposition.

You could end up losing anything if you make the wrong investments, which not only hurts your financial situation; it could end up exhausting your credit and hurt the possibility of any future endeavors.

Unlike many financial “experts,” our focus isn’t merely on making you as much money as possible; it’s on making the market a safer place for you to trade and to prevent you from making any costly mistakes. We do this by providing you with the tools to take full control of your investments.

Take advantage of Bridge Advisors unique selling proposition in order to reduce the risks associated with investing in the market and to take control of your own financial future. Contact us at Bridge Advisors today for more information.

Are you interested in learning more about taking control of your financial future? Join Bridge Advisors at one of our free Financial Workshops

tax-free-retirement

Bridge Advisors Recommended Reading: Tax Free Retirement

By | Bridge Advisors, Retirement | No Comments

The team at Bridge Advisors believes the best investors are educated and empowered to make their own decisions regarding their financial future. We advocate learning all you can, rather than relying on a financial planner to make decisions for you. As such, we have a list of recommended reading materials to help you learn about sound financial planning and a tax free retirement.

Our recommended reading for today is Tax Free Retirement by Patrick Kelly. Kelly is a retirement planning expert and has published multiple easy-to-read books that help working Americans make better and smarter decisions about how and where they spend their money.

Tax free retirement strategies outlined in the book include:

  • Reviewing the value of permanent-life insurance for those who earn more than $160,000 a year.
  • Understanding the benefits of switching from traditional retirement plans, like a 401(k) that which protects you now, to a Roth IRA that protects you later when you’re living on a fixed income and your human capital has depreciated.
  • Insulating your retirement portfolio from market volatility.

Join our team for free today! We invite you to contact us at Bridge Advisors to learn more about tax free retirements.

Getting Out of Debt

Common Questions about Getting Out of Debt

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Being in debt can be very stressful. Fortunately, there are ways to get out of debt. The following are a few questions that you might have regarding getting out of debt:

  • Your ex-spouse was assigned specific debts in your divorce but isn’t paying. What can you do? – Your attorney can ask the court to hold your ex-spouse in contempt for not living up to his or her divorce decree.
  • Should you borrow from your IRA or 401(k) to pay your debts? – Avoid doing this if possible. Try to solve your present day issues using present day resources so that you don’t have to sacrifice a part of your future.
  • Will debts past the statute of limitations be reported? – The statute of limitations varies by state, but it has nothing to do with credit reporting.
  • Can the bank garnish your Social Security benefits? – As long as your federal benefits were directly deposited into the bank account, they’ll be protected. However, the protected amount is restricted to the two months of benefits that were deposited right before the garnishment order.

We invite you to contact us at Bridge Advisors today for more information regarding our financial advising services.

Join our team for free today!

Bull vs Bear

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Are you a bull or a bear when it comes to investing in the stock market? The difference between bull markets and bear markets – and your personality type – will have an effect on how you play your hand.

A bull market is one where stocks are on the rise, a bear market indicates that there is a decline in prices that has held steady for a period of a few months or more. For this reason, bull investors are considered optimists and bear investors are considered pessimists.

Bull Markets. The term “bull market” describes one in which the market is on the rise, or a particular group of securities are either rising or expected to rise in value. During this period, eager investors will be like a bull, charging at all the red flags and buying up everything they can.

Bear Markets. These markets seem to be in a “hibernation” of sorts. The general market, or a group of securities, experience a downward trend over a period of time. A bear market is often psychologically driven by collective fear or pessimism by investors.

Join our team for free! We invite you to contact us at Bridge Advisors for more information.

The Retirement Savings Time Bomb

Bridge Advisors Recommended Reading: The Retirement Savings Time Bomb

By | Bridge Advisors, Retirement | No Comments

One of the best ways to get crucial financial insight to help you better understand and control your financial security and to grow your wealth is to read. There are a lot of great books out there filled with incredible advice. One that we highly recommend you pick up a copy of is “The Retirement Savings Time Bomb.”

Written by Ed Slott, “The Retirement Savings Time Bomb” is essentially a 5-step plan for protecting your future financial security. Included is an in-depth breakdown (in layman’s terms, no less) on how to protect your retirement plans, such as your 401(k)s and your IRAs, from excessive taxation, how to use retirement funds for emergency cash without having to incur massive penalties, how to get the most out of the newest tax laws, how to pass as much of your wealth as possible to your family and how to create the perfect estate plan. This information is incredibly vital in helping you to understand how to ensure a financially secure future in retirement.

Be sure to read “The Retirement Savings Time Bomb” by Ed Slott to learn how to secure your financial future. For additional financial advice, be sure to contact us at Bridge Advisors today. Join our team for free today!

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Common Myths about Retirement Planning

By | Bridge Advisors, Retirement | No Comments

Obviously, not planning for your retirement in any way is a serious mistake. However, even if you are putting thought and effort into retirement planning, you could be making mistakes based on myths about retirement planning. The following are myths you should avoid believing:

  • A good financial plan should be lengthy – A financial plan doesn’t need to be the length of a novel. A good financial plan should be summarized within 3 to 5 pages along with 8 to 12 pages of analysis and reports, all of which should be available online and easy to read and monitor.
  • There’s no need to leave end of life instructions – This is an important part of retirement planning. Leave instructions pertaining to the final wishes, funeral and cemetery or else you’re loved ones could be incredibly unprepared.
  • Your spouse doesn’t have to worry about your finances – Don’t assume they will just pick up your financial habits if you pass. If they’ve never handled the finances before, they could be in trouble. Go over your retirement plan with them.

Avoid these myths about retirement planning and contact us at Bridge Advisors for additional advice concerning your retirement plan. Join our team for free today!

 

gold-investment

Home Based Business Planning With Gold For Your Retirement And Tax Benefits

By | Bridge Advisors, Gold | No Comments

The 21st Century so far has been characterized by the development of near-universal Internet access. This has changed the way people shop, be entertained, and communicate with each other.

The widespread use of smartphones also has changed many industries, and it’s opened the doors for home based businesses to capitalize on the new realities of the digital marketplace.

Benefits of Running Your Own Home Based Business

Many people today are abandoning the traditional career path and embracing the home based business model. Thanks to the Internet, you no longer need a corporate office center in order to do most jobs. Even workers who are still employed by big companies can often spend most or some of their time working from home.

But as any business student knows, you can never truly become wealthy working for somebody else. The path to becoming rich requires you to be an owner, not a drone.

Home Based Freedom

Having your own home based business gives you not only the freedom to work when and where you want, but also the ability to plan, execute and manage your own successful business all from the comfort of your own home.

That means you don’t have to invest much in overheads. For most home businesses, an adequate laptop and an Internet connection is all that’s really required.

You also probably won’t need other employees. Much of the work of running a home based business can either be handled on your own or, if you do need additional help, you can hire freelancers to provide you only with the services you need and only when you need them.

And if you are working in a digital industry, you probably won’t need to inventory or store any actual products, either. So that means there’s no warehousing costs, no shrinkage, no tracking, or any other additional costs.

You probably won’t even need to do much traveling or commuting. And if you do, you probably will be able to write the costs off as a business expense on your taxes.

Speaking of Taxes …

There’s also a huge tax benefit to running your own home based business. Because you aren’t being paid by somebody else, you don’t have to worry about as many deductions coming out of your paycheck every week.

Instead, you can set up an IRA or other retirement vehicle. That way you can put pre-tax money towards your retirement. Even if the contributions you make to these accounts each month are small, these funds can quickly build – plus they earn interest, causing them to grow even faster.

That’s a huge benefit, in addition to the tax savings. Plus, when you reach retirement age, all of that money will be there waiting for you so you can enjoy your retirement in luxury.

Family Affair

Another way to save money on taxes when you own a home based business is to hire your child or a neighbor’s child to work for your business. The wages you pay them can be deducted from your taxes as a business expense.

You will need to create a job description and write them a company check each pay period, as well as fill out a W-2 form. Tax laws state that any child can earn up to $5,700 per year without having to pay any taxes on the money.

Plus, there’s the additional benefit of teaching your children about earning a paycheck and being responsible with their money.

What Type of Home Business Should You Run?

Thanks to the Internet, there is practically an unlimited number of home based businesses that you can run that can earn you a substantial income.

One of the most lucrative right now is making money with gold.

Why gold? Unlike every other commodity, gold has never gone down in value in the long run. It’s a safe and secure investment for your retirement that you can easily turn into a substantial monthly income.

Buying and trading gold are easy given the efficiencies of the Internet. It’s also a great hedge against inflation and a superior insurance against devalued paper money.

Creating your own gold account is simple. You can get started in just a few minutes. Plus, you can convert your cash into gold and back again any time you like.

Another benefit is that you can buy as much or as little gold as you want. Start with grams and work your way up to ounces and eventually larger denominations. And, best of all, rolling over gold is often tax-free.

The opportunities for the home-based business owner in gold trading limitless. To learn more about how you can trade gold to earn a substantial income while running your own successful company directly from your own home, visit Bridge Advisors.