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8 Things that are a Waste of Time

One of the biggest time waster is watching tv. Rich people have a big library while poor people have a big tv. Also, the lack of priorities makes one unable to achieve any goals in life and just drift along with the flow. Another factor is doing something just because it makes others happy while you are unhappy. This applies mainly to many areas of our lives, namely the choice of course or career that our parents choose for us.

Sometimes, it makes more friends by allowing the other side to win and not trying to win every conversation. Obnoxious people are like this and they have to win every argument. Pride comes before a fall! Constantly complaining will not help, instead, it makes you look weak and helpless, if not childlike. Tell it to the Lord and share your problems with God Almighty who may find the right people for the right solution for you.

Don’t wait for inspiration. Instead, create it. Don’t wait for a job. Create it. Be your own boss. A big mistake is trying to please everybody. You have to be selective and choose who to be nice to. Finally, don’t worry about what other people will say. They are not important. Be thick skin and guard your heart, for it is the well spring of life!

Personal Finance Landscape

Courtesy of: Wealth 101

The Personal Finance Landscape

Navigating the personal finance landscape requires skills or knowledge in the following foundational areas:

  • Psychology
  • Philosophy
  • Analytical skills
  • Communication
  • Research
  • History
  • Negotiation
  • Forming Habits

Using this knowledge, you can approach the vast personal finance landscape – the key questions you must be able to answer to get the most out of your money:

Saving
How can saving money be as frictionless as possible?

Spending
What is the difference between spending needs and wants?

Credit
How can credit be used wisely and carefully to help achieve personal goals?

Financial Concepts
How can important concepts like compound interest be used to make real-world financial decisions?

Career
How can I make a living that gives the income to be healthy financially?

Protection
How can I best prepare for the worst-case financial scenario?

HIPAA compliance

The Health Insurance Portability and Accountability Act (HIPAA) was created by the USA government in 1996, in an effort to boost the security and confidentiality of healthcare information. Since its beginning, HIPAA has already established an enormous effect on how sensitive patient details are handled within the medical industry. The significance of being HIPAA compliant can’t be overemphasized, because failure to stick to the rules can lead to hefty fines or prison terms. For more information on HIPAA compliance, visit our website today!

Who must be compliant?

Under HIPAA, covered entities and work associates are mandated to guarantee the privacy of protected health information (PHI). Covered entities include health care providers, for example, hospitals and physician practices, in addition to health plans, and health plan clearinghouses. Work associates make reference to companies that perform services for any covered entity, and consequently need to receive, maintain, or transmit PHI.

HIPAA Compliance

HIPAA contains comprehensive needs for businesses that hold PHI. They’re needed to provide the special focus on safeguarding the physical security of the information, and additionally, use of PHI ought to be restricted to key personnel. Managers have to be aware of potential threats, and regular security updates are necessary to identify possible dangers resulting from phishing scams and data hacking.

Covered entities should place a balanced compliance enter in place, and ensure that the appropriate staff is aware of HIPAA needs. They ought to also evaluate their security controls periodically, and ensure that PHI is encrypted. Data that is encrypted can’t be utilized if it’s stolen or lost.

Being HIPAA compliant is essential since it ensures that a covered entity is ready in case of a HIPAA audit or analysis.

HIPAA audits

HIPAA comes with an audit program that at random selects covered entities to have an audit. Audits are transported by the Office of Civil Rights (OCR) within the Department of Health and Human Services (HHS). OCR accounts for enforcing HIPAA’s security and privacy rules.

The reason for the audit would be to assess compliance with HIPAA’s privacy and security rules, in addition to with Breach notification rules. The Breach notification rule stipulates that if there’s a burglar breach with regards to PHI, the covered entity or business affiliate must advise the affected person concerning the incident. The Department of Health and Human Services and OCR will also be to learn.

The HIPAA audit looks at the processes and operations of the covered entity. Its smart to become HIPAA compliant, because any violations or breaches unearthed throughout an audit may warrant an analysis. When the audit reveals that there’s reasonable induce to suggest that the provisions of HIPAA happen to be violated, OCR will then open an analysis.

HIPAA investigations

HIPAA may execute an analysis in line with the adverse findings of an arbitrary audit, or as a result of a complaint being filed against a covered entity. Complaints are filed with OCR. What the law states require that the covered entities co-operate using the analysis.

HIPAA investigations are best handled by health care attorneys that are fully conversant with HIPAA rules. However, companies that are HIPAA compliant can mount a far more plausible defence if they’re confronted with an analysis.

Effects of HIPAA Violations

HIPAA violations connect with:

• Breach of privacy with regards to PHI,

• Breach of the safety rule for PHI stored within an e-mail,

• Lapses in notification

There are various groups of violations and also different tiers of civil and criminal penalties under HIPAA. Financial penalties vary from $100 – $50,000. In instances where a covered entity is considered to possess worked out reasonable diligence and wasn’t aware of the breach, the penalty may vary from $100 to $50,000 per breach. However, if ‘wilful neglect’ is decided, the charge is $50,000, and there’s a yearly maximum of $1.5mil. Want to know more about HIPAA rules? Visit our website today for more information.

Criminal penalties are relevant in instances where PHI is released under false pretences or malicious reasons. Jail sentences vary from 1year to ten years.

Covered entities also face additional costs in working with HIPAA investigations, and with regards to breach notifications and corrective actions.

Cloud Accounting

Cloud accounting is really a revolutionary method to efficiently manage your company, as well as personal, financial transactions. It’s a useful gizmo to maintain your books accurate and current. But how can you pick the best software for the business? Using the many products available, it may be difficult to decide the best tool to help your company financial management. For more information on eway bill, visit our website today!

So regardless if you are a small or medium enterprise, or perhaps a big business, or perhaps a professional, here are a few questions you need to consider when locating the best software for you personally.

1. What exactly are your accounting needs?

Analyse your company and evaluate which you’ll need. If you’re a small enterprise, odds are, you’ll just have simple accounting processes and services. However, if you’re a big business, you’ll have more complicated business processes that require comprehensive accounting assistance. Knowing your company needs can help you match to the best cloud accounting tool on the market.

2. What are you aware about accounting processes?

Know your talent and abilities. If you are planning to become hands-up with your company accounting tasks, you must have a large knowledge of finance and accounting processes. Knowing what you can do and capacity can help you discover the tool that you’ll be preferred for your company.

However, if you feel you do not have enough skills, you could speak with a specialist just like a chartered accountant and request advice and suggestions.

3. What’s your financial allowance?

Cloud accounting software isn’t free. It’s very cost-efficient however thinking about the advantages that it may share with your company. So you should allot enough plan for it. Cloud accounting tools available on the market vary in cost. The greater generic ones can be found in a lower rate as the more specialised tools tend to be more costly.

4. What add-ons do you want to include?

All accounting software includes different add-ons that may further improve your utilisation of the tool. So once you determine what sort of accounting tool you would like for the business, be conscious from the add-ons that you might need. Add-ons have a price. Make certain to select the best ones for the business and allot appropriate plan for it. Want to know more information on gst return? Visit our website to know more.

These a few of the questions you need to think about before deciding what cloud accounting software to make use of. However if you simply can’t answer these questions, or are lost which to software to select, you need to speak with a specialist much like your chartered accountant for recommendations.

20 Positive Money Affirmations to Attract Financial Peace

20 Positive Money Affirmations to Attract Financial Peace

20 Positive Money Affirmations to Attract Financial Peace

1. You attract it easily.
2. Money is not a worry!
3. Money comes quickly and easily to you.
4. Money finds its way to you.
5. Believe.
6. Let it fill it up!
7. Money is there.
8. I set the limits.
9. Money is there for you.
10. You await it.
11. It just arrives when needed!
12. Keep working.
13. You can do it.
14. You make gold.
15. You are capable.
16. You shall eat good from the fruit of your mouth.
17. You live in the land of milk and money.
18. Money surrounds you.
19. Money is no longer a problem to earn by working so hard.
20. More money comes in than it goes out.

4 Women who made a Difference in Block Chain

Women who made a difference in Block Chain

Big technology companies have routinely failed to hire women for new projects or promote them to management and board positions. But with blockchain, women have led the way on some of the most important projects, both at tech companies and start-ups. None of this was a given.

Blockchain first came into prominence because it’s the software behind bitcoin, whose early proponents were overwhelmingly male. In January, a party at the North American Bitcoin Conference in Miami was held in a strip club and featured scantily clad women. Less than 5% of the speakers at the conference were women.

With blockchain, women have been leaders on several important projects, and companies developing business blockchain products have promoted women.“Diversity is a challenge across all tech subcultures,” said Amber Baldet, who ran JPMorgan Chase’sblockchain programs before leaving to start her own company.

“People have tried to call out crypto as being better or worse. What’s different about it is that from a pretty nascent stage there’s been a very open discussion across the community about how to foster inclusion, of all sorts of populations. Because we’re having that conversation earlier, we’re seeing results earlier. Hopefully, we’ll do better this time around.”

MORE ON BLOCKCHAIN

Blockchain Is Starting to Show Real Promise Amid the Hype
4 Projects That Could Disrupt Industries and Nonprofits

At IBM, women run the show, from the general manager of blockchain Marie Wieck to her boss Bridget van Kralingen, to CEO Ginni Rometty. “We have the blockchain sisters at IBM,” says spokeswoman Holli Haswell. Here are four women who are leaders in blockchain: Blythe Masters, CEO, Digital Asset HoldingsMasters rose to managing director at JPMorgan Chase at age 28.

She built the bank’s commodities business into the largest on Wall Street and is credited with helping create derivative products like the credit default swap. When Masters left in 2014, she did not have concrete plans of what she would do next.

Blockchain stood out as a huge opportunity once she realized it could be “incredibly constructive, not just disruptive,” to financial services. “Coming from almost 30 years in that space, I knew in considerable detail the nature of the waste, the inefficiency, the delays.” Digital Asset has raised more than $110 million from investors including Goldman Sachs and JPMorgan. It is partnering with Alphabet (ticker: GOOGL) to offer blockchain tools to developers and won a contract to remake the Australian Securities Exchange’sequities clearing and settlement system.

Masters also heads the governing board of Hyperledger, a nonprofit that has brought together developers building some of the most widely used blockchain platforms for business.

Marie Wieck, general manager for blockchain, IBMFor a company that has recently found itself behind the times in technology, IBM is betting big on the blockchain. Wieck, who has been at the company for more than 25 years, is guiding the company’s efforts to partner with the biggest names in the business, from Walmart to shipping giant Maersk.

Wieck, who went to an all-girls school and says she was encouraged as a child to pursue math and science, is worried about the paltry number of women now going into tech professions—fewer even than when she was growing up 25 years ago. Among her solutions is “to create a community of champions of both women and men who proudly support women in the STEM.

”Amber Baldet, co-founder, ClovyrBaldet has always worked in the financial industry but is just as comfortable in the world of computer programmers. As the leader of blockchain products at JPMorgan, she guided the development of the company’s Quorum software, a contender in the race to speed up finance’s antiquated databases and slow settlement times.

The product is built on Ethereum, a public blockchain better known for its cryptocurrency network, but Quorum is removed from the crypto world and allows banks to shield sensitive information. Baldet left and started her own company called Clover earlier this year to develop software that helps start-ups and more-established businesses more effectively use blockchain technology. She’s uniquely positioned to bridge the gaps that now exist.

“I’ve had the opportunity to talk to people who see things very differently,” she says. “Being able to transition back and forth, I can help people understand each other and build stronger products together.

”Linda Pawczuk, U.S. blockchain leader,
Deloitte Consulting Pawczuk has quickly climbed the ladder at Deloitte, where she was recently appointed to lead the company’s blockchain practice in the U.S., just a few months after being elevated to lead the finance blockchain group.

Before that, she led the company’s blockchain efforts in insurance for three years. In the early years, blockchain was too obsessed with “the engine-room stuff,” she said. To make blockchain work, businesses have to do something that doesn’t always come naturally: “They need to work cooperatively with their competition.” Lately, she sees that happening more and more.

“That’s a good signal.”

10 Minute Bitcoin – BlockChain Technnology

Bitcoin Cryptocurrency Money to Paypal Transactions

It is predicted that cryptocurrency using the blockchain technology for mining is the future currency. Just like the controversy surrounding AirBnB, Facebook, Google, and Uber initially, more and more people are jumping on the bandwagon to get a slice of the pie by purchasing some bitcoins like http://www.10minutebitcoin.com. Just click on the link to find out more information.

Based in Switzerland, 10 Minute Bitcoin allows Paypal to Bitcoin and Bitcoin to Paypal transactions. It is the fastest way to buy and sell Bitcoin for PayPal currency. However, when you buy Bitcoin, they charge approximately 5%, above the cost of the PayPal fees. They do not charge any fees to sell bitcoin and receive PayPal.

Currently, while checking the website, 1 Bitcoin is USD 6,271.22. Well, I guess, only those with deep pockets and well-heeled will be able to afford to buy 1 bitcoin.

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