The Evolution of the Area Codes in The US

In telecommunications, a telephone-numbering plan serves as a type of numbering scheme used to allocate telephone numbers to subscriber telephones as well as any other telephony endpoints. Phone numbers are the addresses of subscribers on a telephone network that are reachable via a system for forwarding destination codes. There are plans of telephone numbering for each administrative region of the public switched telephone network (PSTN) as well as in private telephone networks. When it comes to public numbering systems, where a user is geographically located determines the order of numbers given to each telephone subscriber.

The service area for many numbering plans is divided into geographic regions that are identified by a prefix, most commonly referred to as the area code or city code. An area code is a sequence of digits that represents the most important part of the dialing process required to reach a telephone subscriber.

What does North American Numbering Plan mean?

One of the most important of these plans is the North American Numbering Plan (NANP), which is a unified telephone numbering plan managed by NeuStar, previously known as Lockheed Martin IMS. This plan covers 24 countries as well as territories, which includes the United States and its territories, Bermuda, Canada, and 17 states in the Caribbean. Besides, the metonymic usage of the term refers to the geographic region where the plan was implemented.

As a standardized system of numbering plan areas (NPAs), the NANP evolved through time as a system of three-digit area codes as well as seven-digit telephone numbers. According to this plan, phone calls can be routed to specific areas of the larger NANP public switched telephone network (PSTN), and then the local networks forward these calls. Visit Ara Ara’s website, to search for phone area codes by state or number, or if you want to discover anything about a particular area code.

Origin of the North American Numbering Plan

Bell system managers developed a new method of dialing phones during the mid-20th century as a result of the fast-growing telephone network in the United States. Before that time, human operators had been the ones who routed calls to their intended destinations. At the time, the North American numbering plan deployed by the Bell System that started in the 1940s was intended to take the place of a more complex system that involved operators manually routing calls through the system. The phone company was trying to allow people to call anyone, from anywhere, using an automated method.

First developed in the 1940s, the NANP was implemented by AT & T in 1951. Its purpose was to make direct dialing of long-distance calls simpler and easier. Area Code 201 became the first code that was implemented under the plan. Originally, the NANP operated only in the U.S. and Canada, later it was extended to Bermuda and the British West Indies upon the request of the British Colonial Office. The reason for this was their historical telecommunications administration by Canada as parts of the British Empire.

However, this system was slowly evolving.  In 1955, AT&T, while trying to find solutions to reduce confusion regarding spoken telephone directions, provided a recommended list of interchange names with standardized shortcuts. Bell’s engineers had been doing their analysis of the scalability concerning the system of name and number. Indeed, one of their intentions was to extend the national telephone network. According to their own research, Bell had found that the country was unable to provide a sufficient number of employees to satisfy the rising demand for human operators. Bell concluded that automation represented the future of telephony. What’s more, the path to this new era of automation included the use of numbers only and no more names.

Area code expansion

In particular, during the period from 1990 to 2005, Canada and the United States both achieved a rapidly growing number of area codes. That was mainly due to two factors. To begin with, there has been a growing consumer demand for telephone services, owing to the widespread deployment of modem, fax, and cell phone communications.

Its second and more significant factor is the deregulation of the telecommunication of local telephone service throughout the U.S., which started from the early to the mid-nineties. During that period, the Federal Communications Commission became involved in allowing telecommunications operators to compete with the incumbent local exchange carrier. Owing to the initial concept of the numbering plan as well as the telephone-switching network, under which only a single provider was assumed, the number allocations were required to be implemented in blocks of 10,000 numbers.

Generally, area codes came either as splits which involved dividing an area code within two or more regions, with one keeping the older area code and the other region getting a new area code, or as overlays. There were also subtle versions of these kinds of techniques used, such as dedicated overlays whereby the new overlay code remained in reserve for a specific type of services, such as mobile phones and pagers.

Once the remaining valid area codes were exhausted by expansion due to the rapid growth in the demand for more area codes, in 1995 NANPA forced the usage of digits 2 through 8 as the middle digit in the new area code assignments while reserving 9 in the event of future expansion. Meanwhile, it was permitted for local exchanges to use 1 or 0 as the middle digit. Codes that end in double digits are reserved as easily recognizable codes (ERCs), which are intended for specific purposes.

In fact, the purpose of area codes was to find an easier way of direct dialing of long distances phone calls. While some countries hold one area code, others have multiple. As years passed, the demand for more phone numbers has grown, resulting in the need for more area codes to be added. Once particular areas use up all the phone number variations in that area code, then an overlay will be added. In fact, an overlay area code is simply an extra area code that is assigned to a geographic region.

How Does a Business Degree Prepare Future Entrepreneurs?

Shark Tank’s Mr. Wonderful has a pretty interesting relationship with education. After graduating with degrees in psychology and environmental studies, he noticed that he lacked professional direction. At the urge of his step-father, he took his MBA, which helped him make his first million—and eventually billion—dollars. But how influential was his MBA degree in starting the television production company, Special Event Television? Apparently, it was very important, but probably not in the way you think.

Entrepreneurship: A Mindset, Not an Academic Discipline

Let’s address the elephant in the room: a bachelor’s degree in business administration (B.BA) or even a master’s degree in business administration (MBA) are documents that prepare you for business and nothing more. Business schools offer the knowledge you need to start and maintain a business but only in a general sense. A B.BA degree prepares you for business; it doesn’t guarantee that you’ll be a success.  So, even if you enroll in a world-class university and attend lectures and seminars by renowned business leaders, only you can determine what to do with the opportunities you’re given. Sorry to burst your bubble, but that’s the harsh truth.

An entrepreneur is someone who is more willing to work 80-hour weeks to build a business instead of working 40-hour weeks at an office. Neither of these is the wrong way of making a living, but entrepreneurs have to spend more of their personal time on bringing something they believe to life.

If you think that you have the entrepreneurial mindset within you, we urge you to continue reading.

What Do Business Schools Teach You?

Business school can provide future entrepreneurs with a wide range of tools to start their own business upon or even before graduating. If you’re thinking of enrolling in a bachelor’s program in business administration, there’s a lot you can learn about business practices in general.

Relevant topics include financial accounting, digital and global marketing, as well as basic principles in management. Think of these courses as tools—the more tools you have in your toolbox, the better equipped you’ll be to overcome all sorts of hurdles.

Why a Higher Education in Business is Necessary for Entrepreneurs

A degree in business isn’t mandatory to start your own business or even become one of the richest people on the planet. Not everyone is as brilliant as Jeff Bezos, Bill Gates, or Steve Jobs, and they’ll need all the help they can get before building a startup. Below, we’ll discuss five reasons why entrepreneurs should seriously consider pursuing higher education in business.

To understand the intricacies of business

It goes without saying that managing a business is a complicated job. Apart from the standard managerial tasks, business owners also have to come up with marketing tactics, file and pay taxes and keep up with sales demands. While technology has pretty much become commonplace in businesses, it has yet the ability to emulate human thought and devise complicated strategies in the hopes for making a business more efficient and competitive. Formal business education can prepare aspiring entrepreneurs for the hardships that they’ll inevitably encounter.

To understand business from a global perspective

Even though the physical distances between countries remain the same, technology has made it possible for employers to collaborate with overseas employees and clients. A successful business owner is someone who can communicate with peoples from all over the world in a diplomatic way. Since top-notch business schools attract students from numerous countries, there’s no better way to begin polishing your cross-border communication skills than by studying Business Communication and interacting with your peers.

To protect your business from uncertainties

Starting your own business isn’t as complicated as you think; the real challenge is maintaining it. For instance, nearly 100,000 companies had to close their doors due to the current pandemic. Did they have a plan B? What were their exit strategies? Was there a way to leverage their assets in order to keep their doors open for a bit longer? Aspiring entrepreneurs can learn different what-if and how to deal with worst-case scenarios.

To build alumni networks

Do you remember how we briefly touched on Mr. Wonderful’s MBA degree? He explained that the greatest benefit he got from school was establishing networks with his peers. In business school, you’ll spend the next three or four years studying alongside your money-driven peers who have dreams of becoming the next Warren Buffet or even the next Wolf of Wall Street. You’ll be in a unique position to befriend future venture capitalists, hedge fund managers, and entrepreneurs.

What If I Have a Non-B.BA Degree?

But what if you already have a bachelor’s degree? You can’t dedicate three or four more years in the classroom as you already have a family, a job, or even a business to run. Well, that’s where MBA programs come into play.

MBA programs are usually quite selective of who they admit, but they’ll accept graduates from all sorts of backgrounds, from psychology (as in the case of Mr. Wonderful) to hydroponics in agriculture. Some MBA programs offer evening and/or online classes for those who can’t “abandon” their real-world duties. Take a look at this link to see what benefits you can get from an online MBA program.

For those who want to switch careers, please note that MBA programs don’t teach the basics of business, management, accounting, and marketing, as a B.BA program does, but rather, they’re designed to polish your managerial skills through examining study cases, seeing business practitioners at work, and conducting research. Needless to say, non-business graduates will have a bit of catching up to do, but with prior work experience and/or tutoring, it shouldn’t be too hard to build a foundation.

In Conclusion

Obtaining a business degree is one of the earliest steps of becoming a business owner. While a degree doesn’t guarantee entrepreneurial success, it equips you with the knowledge you need to start and maintain your own business. Whether you’re a fresh high school grad who has no idea what to do or you’re an engineer of 10-plus years looking to switch careers, getting a business degree can be the right step in the right direction.

What Is Compliance Management & Why It’s Important

Compliance management is an essential part of business, and it is here to stay. If you are ready to take your business to the next level, compliance management is a must. But what is it, and why is it important? Find all the answers in today’s post.

A lack of workplace health and safety compliance can create a lot of unnecessary risk for both your employees and your business. If you own a business in Australia, then you need to be taking workplace health and safety compliance very seriously. And that is where compliance management comes in. Read on to discover what it is and why it is important.

What is Compliance Management?


Compliance Management is the process of identifying key regulations, legislation and policies that affect your organization and its actions. It’s the act of making sure you understand where your organization stands with respect to these rules and laws, as well as seeking out ways to ensure you are within compliance. In the Workplace Health and Safety (WHS) industry, compliance management is the process of ensuring that your WHS policies and procedures are in place and followed.

It is also the processes and systems in place to make sure that the policies are up-to-date, that they are properly communicated, and that they are enforced. In Australia, this practice seeks to ensure that all applicable laws, rules, and regulations are followed at every level of an organization, by everyone who works there.

Why is it important?


If you’re managing a company, you’re responsible for the health and safety of the people who work for you. You’re also responsible for the health and safety of your visitors and anyone who may be affected by your business. Workplace health and safety compliance management is important because it prevents the dangers that can come from a lack of compliance – it is important to maintain a safe working environment and reduce the risk of accidents.

Not only can the consequences of a lack of compliance be dire, but they can also be expensive. There are serious financial consequences that come from a lack of compliance. It’s important to make sure that you and your staff are always following all the relevant workplace health and safety regulations. If you don’t follow these regulations, you could face hefty fines.

Compliance Management will ensure that you are compliant with all relevant health and safety standards, legislation and regulations, and that you have adequate health and safety controls in place for your workplace. In summary: The most important thing about having proper workplace health and safety compliance management is that it helps prevent accidents and injuries. The second thing is that it helps you get ready for an audit. The last thing is that it helps you know what your next steps are after the audit.

Compliance Management – Here are a few things to keep in mind


Once you have developed your compliance policy, refer to the document as often as necessary to ensure that it is up to date and needs to be implemented in a timely manner.

The ultimate goal is to have accurate, up-to-date information on how your compliance is being tracked. For example, completing an incident survey on an annual basis or conducting case management to review WHS policies can help you monitor compliance. Here’s an interesting post on which has highlighted the benefits of an online compliance management system.

Effective communication is key. As a manager, it is your responsibility to keep the organization motivated to follow your compliance requirements.  Remember, nobody is perfect, so always consider how you can improve them so that your employees will be more comfortable with them and to roll them out more easily.

How does a company know if WHS compliance is being followed?


There are many steps involved in making sure that a company is following the WHS standards. A lot of people are aware of them, but it is important to not only be aware of them, but also make sure you are following them.

Compliance Management Audits


Compliance management audits allow you to check the implementation of new or revised WHS policies and procedures and check how they are being used. Some examples of audit activities include: information gathering and providing feedback on how policies and procedures are being implemented, reviewing procedures prior to being implemented, cross-checking procedures with implemented policies or regulatory requirements, reviewing public documentation of already implemented procedures to confirm the efficacy of those procedures.



Once changes to a WHS policy or procedure come into effect, you can check to see how they are being monitored to see if they are being followed. You can find out how other compliant companies are registering their changes to comply with new regulations, reviewing existing compliance documentation and reporting at the end of each compliance cycle to track your progress towards compliance.


You can also compare how your regulations apply to your business across a range of issues, for example demographics, cost of administration, or key performance indicators, to identify any inconsistencies with how WHS policies and procedures are being implemented. You can then use this information to check on any possible gaps in how policies and procedures are being met.


The transformation within your business following compliance management practices can be significant. It can often pave the way to increased productivity, growth and competitiveness within your industry.

It’s important to understand that you don’t need to have the resources and expertise to effectively carry out compliance management. What you need is not a fancy compliance system — it’s just the right processes, systems and practices at the right place in time to deliver effective compliance to the regulated.

A WHS compliance program which is integrated, collaborative and results-driven will be the foundation of any successful turnaround.

4 Tips for Understanding Your Tax Debt and Options

Paying taxes is the bane of most modern working people. It is a system that citizens generally dislike and have a lot of negativity towards. Be that as it may, it is an important system that helps the governments stay operational and everything in the country function more easily in terms of finances. Despite the bad blood between tax agencies and services and common folk, everyone has to pay them and that will probably always be true.

However, it seems that not everyone knows enough about paying them so each year hundreds of thousands of people end up in debt to revenue and tax services. Why is that and how come so many people do not know how to properly calculate their taxes and what options to consider? If this sounds like something that you can benefit from knowing, you came to the right place. Right here in this article we will give you all the info and tips you need to understand your debt and the options you have.

In case you wish to find out more about this ever important topic and have all the information possible next time around, make sure to check out Optima Tax Relief.

Understanding the Debt

Tax debt occurs when an individual forgets or fails to file their taxes, either partially or completely. The more you forget and the more wrong you calculate and file them, the more debt will come your way eventually. If there is a mistake on your report, the body in like the IRS in the USA will want to fix it and therefore change your taxes. Their way of doing so is telling you that you owe them money which comes as tax debt.

To put things in perspective of how big of an issue this is in the USA, on 2017 alone more than 850,000 people had miscalculated and misfiled tax reports. Their accounts resulted in them having to pay a lot more money than they thought. Fortunately for these, and other taxpayers, there are many options one can take in an effort to resolve their debt to the IRS. Reducing the amount of money you owe or eliminating it entirely are both possible but only in some cases. Correcting the report and paying no or limited penalties are all possible and you need to know about them.

Tips and Advice

Let us talk about what you need to know and how to act in order to understand the debt and the options.

1. Use the First Time Abatement Option

If you have ended up owing money to the IRS for whatever reason but it is your first time, you are eligible for a first-time abatement or FTA. They will ask you for proof that this is your first mistake and if it truly is, you will have no tax relate penalties to pay for that tax period. The proof comes in the form of previously filed and paid taxes without errors and in their entirety. Additionally, there needs to be a three-year period of no penalties on your tax records for you to exercise the FTA. This is only a one time offer and once you use it you will not have another chance.

2. Reasonable Causes for Penalty Abatement

In some special cases that usually have to do with extreme scenarios, you could file for a reasonable cause penalty abatement if you have already used your FTA. Examples of these causes include casualties, fires, natural disasters, deaths, serious injuries and illnesses, unavoidable absences, inabilities to get proper or complete records, and poor IRS advice. All of these will require proof and the circumstances will be checked in great detail. If your debt is a result of some of these scenarios, you may be able to go without penalties and have much less money to pay. Financial hardships and the inability to file taxes correctly and then having to pay penalties would not be your own fault in the end and you will have an easier time.

3. Never Procrastinate

Procrastinating never did anyone any good. It did not help you when you had to study for exams and back in the day when you were putting of school work, and it will hardly help you now with paying taxes. Tax debt gets out of hand extremely quickly and that is why it is such a problem for so many people. Taxpayers think they will deal with it easily and put it off for later, only for them to faint once they realize how much they owe. The interest starts from 0.5% of the debt each month and adds up lighting fast. Measures become more serious over time because you are not taking action and they start to realize you are becoming a problem for them. The original debt will not be a problem, but the interest combined with penalties will. The sooner you take action the easier it will be.

4. Think About Installments

Installment plans have helped billions of people in different ways, and in terms of tax debt it means stretching your payment over as much as 84 months or 7 years. This can be exercised by anyone who owns between $50,000 and $100,000. Different agreements and installments exist, like guaranteed and streamlined, and they have to deal with different amounts owed and different circumstances. Streamlined means that the agency will not investigate your financial situation during your payments and there will be less paperwork involved. You qualify for this if you owe at least $30,000. On the other hand, guaranteed installment is for those owing $10,000. Each installment comes with minimal monthly payment on which you cannot go lower. You can always pay more though if you end up with more money.

Additional Advice:

  1. Ask for a different payment arrangement if you cannot pay the minimum
  2. Do not try to put unnecessary expenses as necessary on the report
  3. Examine what necessary expenses you have paid for and if you calculated them properly

4 Steps To Take Before You Turn Your Idea Into a Product

Have you been dreaming of becoming an entrepreneur for a while? You have numerous ideas yet you don’t quite know how to get started and turn your idea into a product?

In March 2020 there were 800 000 companies in the US that were less than 1 year old, according to Statista. So if others can do it, why can’t you? With a great idea, a can-do attitude, and commitment, you can achieve anything.

In this article, you will find information on how to take the first steps to make your dream a reality, to draft up a viable business plan, and create a sustainable product out of it.


Chasing a dream

Most likely you have come up with an idea that will solve one problem or another. And this is the very core of every product and service – you are not just providing a solution, you are solving a problem.

And this is exactly how success stories begin. Let’s take AirBnB’s journey to success for an example:

  1. The problem: Not being able to pay rent in San Francisco.
  2. The opportunity: Big design conference held in the city, hotel rooms being booked out months in advance.
  3. The solution: Offering a place in their apartment for overnight stay and earning a few extra bucks.

Just like that, an idea for a multi billion company started to take shape. And the rest is history.

The road of problem solving via innovation

Once one problem is solved with a new and innovative idea, it can create a fertile ground for new ideas to grow.

E-commerce used to be expensive and inconvenient. Then Amazon came and changed our attitude towards e-commerce and today, there’s hardly anyone who hasn’t made an online purchase at least once.

When e-commerce became a new trend, it made merchants face many new problems that required solutions. In fact, as everything is becoming digitised then no matter which business you are in, the following aspects that came up with e-commerce will be relevant for your business too:

  • How to ensure people find the information they need and make a purchase? What is required for providing a great customer service online? Click here to find out about providing good customer service without ever meeting your customers.
  • How will products be delivered to customers? Should your products/services be available overseas?
  • How to stay in personal contact with customers?

As you can see, the road of innovation can be endless. Where one solution is offered, another problem or question arises. There’s always a way to streamline the process and perhaps you are the one who has got the solution for it.

But of course, an idea by itself will not be fruitful. Polishing your product or service and getting it ready to be out on the market, requires a lot of creative thinking and persistent efforts over a long period of time.

So without further ado, let’s get started and turn your idea into a product.


1.   Understand the demand

Inspiration can strike because we have been faced with a problem and feel that our idea could change the world. No matter how great the idea is, conducting thorough research is necessary to understand who your competitors are and where you would fit in the market.

It’s quite likely that someone is already providing a similar solution. This, however, doesn’t eliminate you from the game.

In the world of innovation, success is defined by getting the timing right. Seeing that other people are thinking along the same lines should give you reassurance that this is the perfect time for taking your product from concept to market.

  • Who are your competitors who they are targeting?
  • Are they successful? Why or why not?
  • How does your product differ from theirs? What additional value does it bring?

However, if you cannot find anything similar to your invention, it might indicate that the market is not yet ready for it. This doesn’t mean that your product is inevitably on the road to failure, you will just have to take into account that it might take more effort to get your product out there.

  • What current demand is there for your idea?
  • If your innovation is a product, who will buy it?
  • If your innovation is a service, who will use it?

One of the simplest ways to answer all these questions and figure out what it will take to get your product out there is to perform a SWOT analysis. This way you will clearly see what are the strengths, weaknesses, opportunities, and threats associated with launching your idea.


2.   Research the market

So naturally, the next step is to figure out if your product has a market. Will people be willing to pay for your product or service?

Some steps you can take to understand if your idea is what people are looking for:

  • Consult your family and friends. However, keep in mind that their opinion might be biased because they want the best for you. They might not even be the right target group for your product, yet it will still be good to know what they’re thinking.
  • Have informal interviews with stores and customers. You could try conducting a survey to further understand the need for your product/service.
  • Talk to people with expertise in your product market. Find out what are the newest innovations in the area and what struggles you might face.

Even in the early steps of product invention, marketing should always be in the back of your mind. Without having a marketing plan that can be executed, the public will never be aware of your product.

Thinking of marketing along the way will help you save a lot of time and headache in the future.


3.   Don’t try to go solo

You might have come up with something extraordinary and are afraid to share it with anyone. What if someone steals your idea? This you can avoid by filing a patent. But trying to achieve everything on your will be a struggle.

Even if you are a multi-tasker, having someone else on board with a different set of skills than you will give you an advantage. So find someone who is passionate about turning your idea into a product.

Benefits of having a business partner:

  • Opportunity for brainstorming. Sharing ideas and perfecting together will have more results.
  • Possibility to work on multiple things at once. Even doing market research will be more thorough with a second view on everything.
  • Motivational support. Everyone feels like giving up at some point. Having someone by your side won’t let you give in to that feeling so easily.
  • Financial support. Starting a business will have its costs and it’s always good to have a little backup.

You should also consider joining an accelerator or incubator to get your idea forward. You will get valuable information on funding, start building an entrepreneur network, have a mentor and receive many more benefits.


4.   Write a business plan

Drafting up your business plan will take you through each step of starting and running a business as well as help you attract investors. You can think of a business plan as a useful way for considering all the key elements necessary for getting your business off the ground.

According to, a business plan should include:

  1. Executive summary. An overview of what your business is and why it will be successful.
  2. Company description. Detailed description of what you do and what problems your business solves.
  3. Market analysis. Outline what other businesses are doing and what are their strengths and weaknesses. How can you outperform them?
  4. Organization and management. Show the team behind your business and everyone’s unique experience that contributes to your venture.
  5. Service or product line. Describe in detail what service or product your company offers and how it benefits your customer.
  6. Marketing and sales. Show how you will be able to attract and retain customers and nudge them to make a purchase.
  7. Funding request. This is important when you are looking for investors and funding. Cover how much funding is needed over the next 5 years and what it will be used for.
  8. Financial projections. Convince the reader that your business is stable and sustainable. Explain your projections and make sure they align with your funding request.

Once you have completed your business plan you are a one big step closer to turning your idea into a product.

A summary: taking a product from concept to market

These 4 steps covered in this article are only the very beginning that will help your idea to take shape in the form of a real life product. Building a sustainable business is a long road with no guarantee for success.

The best you can do is to adapt your idea on the go and see what works and what doesn’t. And don’t forget to remind yourself from time to time:

  • Don’t be afraid to make mistakes
  • Mistakes are part of the process
  • Just dive in and keep going
  • Fail often and fail early

It’s all a learning point and with persistence you will gain invaluable experience that one day will bring your idea to life.

Тop 9 Bitcoin Trading Errors made by Beginners – 2021 Guide

The crypto market is different than any other you already know, and it’s run by different rules. So, if you have knowledge in financial management, accounting, banking, software development, and so on – it’s not valuable in the crypto market, and can easily lead you to make some mistakes, that the blockchain will never forgive you. The beginners have more chances to make these mistakes, because they are inexperienced, and they may join unverified trading platforms, that seem like they have the best offers and conditions initially.

Choosing a reliable trader is the first step every beginner should consider immediately. It’s worth checking, to see if it’s allowed in your country, and if it is, then you can proceed to create your account, and start trading. But, you can’t do that today, especially if it’s your first time. Before you take any step, let’s see which are the most common and most dangerous mistakes a beginner trader can make:

1. Not estimating the possible risks

You can’t jump into investing real money before you learn how things are done. Crypto trading is very different than the traditional offering and getting what you want. Many beginners consider it as a type of gambling, and that’s completely wrong, and can lead to catastrophe. Experienced traders will recommend paper trading first until you feel completely prepared to become a part of that market. Underestimating the risks is a huge problem, especially when the trader is too confident, and thinks he/she can do anything. But, continuous losing huge amounts of money is a big error, and maybe the top mistake every beginner will make. If you lose some amount of money while trading, you have to take a break and get back when you are ready for that.

2. Not calculating the profit/loss ratio

What’s the purpose of getting $1,000 if you’ve lost $5,000 before? This is a negative profit/loss ratio, and it’s surely not good for your trading career. You should check this ratio regularly, so you can estimate if there is a real gain, or you are just having fun being at zero-value all the time. Don’t miss doing this, even when you gain more experience, and you make real money from your trading activities.

3. Not studying the market on your own

You have to do this. No exceptions. Studying a risky market like this must be your priority, and never skip to read a lot of literature, blogs, forums, and social media posts related to this topic. You can’t get the idea to become a trader today, and go for it tomorrow – it’s impossible, just like you can’t become a doctor or engineer without years of dedicated studying. It’s the same about Bitcoins, and if you don’t manage to learn everything that is important about it, you will lose a lot of money, and you will be unable to manage and handle the whole situation.

4. Investing more than you can afford

The point isn’t to be poor after a few tries. The art of successful trade performance is to be responsible with your money and spend the amounts you can afford. Don’t take loans and credits, because that loop is endless, and it can lead you to more mistakes.

5. Getting too excited and emotional

If you have success on the first try, it can make you too excited about trading, and sometimes the emotions can be pretty overwhelming for you. In many cases, they won’t let you see the risks behind your activities, and that’s why we recommend staying calm and patient, so you can do the things as they have to be done, without any fatal risks.

6. Not having a trading journal

This is so traditional, and it may seem outdated, but it’s the best way to keep track of what you are doing, and how you behave on the network all this time. Write down every mistake, every risk you detected, and try to see the things that lead to a big loss. Keep a record of everything you are doing, so you can improve your strategy for the next time.

7. You follow trading patterns

There is no pattern that should be blindly followed, and as soon as you realize that, you will be able to boost the strategy and performance. It’s always good to explore the market and see the indicators, analyze the charts, and make decisions based on the past, but the current situation is good to track too. Combine a few different approaches, and don’t make big steps, until you are sure what will work the best for you.

8. You don’t have a plan

You need to have a few plans, just in case. Beginners usually fail to create the plan, until they realize they really need it, so they can know what they are doing at any moment. But, some plans can fail at the first moment, and that’s why you need to have a few of them, so you can fix the small mistakes immediately, and then move to the next step.

9. Using margin trading

This is a big no-no at the beginning. That means you borrow the money you don’t have so you can stay active on the trading network. Maybe you will get a profit, but you will anyway have to get back a significant amount of money to the person or company that gave them to you. So, if you don’t need it, don’t get into margin trading.

As you can see – it’s not too complicated to get to know the trading market better, but at the same time, it’s not the simplest thing you will meet in your life. You must calculate all the potential risks when you starting a business like this. You can even go for safe trades until you gain enough experience to fight against the “beasts”. But, never forget that the whole concept of cryptocurrencies is virtual and as it grows the value every day, it’s quite possible to be ruined over the night. So, be careful, and always have a plan for what to do next.

Passive Income Ideas for College Students – 2021 Guide

We all know how stressful college life is. You have to focus on your studies and you still want to have a good social life. During that period, you always need some extra money, but not everyone has time to find a part-time job. Passive income is a great way to get some cash, however, many people think that is not possible.

Every person wants to have a bigger income and we try to make that happen by getting a second job or working on freelance projects. Those things sometimes take too much time, and when you are balancing between studies, taking care of your apartment and trying to have a healthy social life, that can seem like a bit of a stretch. Studies suggest that college students are prone to mental health issues because of all the stress they have when it comes to studies and trying to make ends meet.

Here we are going to give you some tips on how to get some passive income. Follow this guide when you feel like you don’t have enough money and try to incorporate them into your everyday life. Even though you can start using these things when you are in college, it does not mean that you have to give them all up once you finish your education and start working.

Rent out your car


If you own a car, you know how often you use it and how much you need it. So, an easy way to get some extra income is to rent it out. However, you will need to check your country’s laws and see if you need any permits for it.

You will also need to get special insurance in case anything happens to it. Rent it only to trusted people and make sure you have a GPS device installed so you can track it at all times.

Create an app


Nowadays the demand for new applications that can support both iOS and Android is getting higher by the minute. It is said that there are more Android developers than iOS ones and that people who can develop for both platforms are really rare to find.

So, if you are a programmer and if you have some free time, then you can develop an app. You can contact companies to hire you, or you can just create the app and later on, sell it. Do some research on what the market needs right now and start spending your free time doing something that will bring you some extra cash.

Create a course


Is there something you are really good at? Maybe that is social media marketing, blogging or just tutoring. The easiest way to turn your knowledge into money is to create a course and sell it on a website like Udemy. suggests that these courses are in demand nowadays and that things you know can give you passive income.

Storage rental


If you have a free storage unit, then you are on the right path! Many people need extra space, so storages are a great way to keep and protect the things you don’t always need or use.

It is a great way to get some passive income and you don’t have to worry about too many things. You will get your extra money at the end of the month, and you can even invest in more units to get even more cash.

Vending machines


This is a partial passive income because you will still have to get up and replenish the machines. However, you won’t need to do too many things and you will be getting extra money all the time.

You can invest in a few vending machines and put them in several places. Make sure you choose safe neighborhoods so you don’t risk the machine being broken into. Buy things in bulk so you can earn more money when people rebuy them.

List your place


If you have an extra room where you could accommodate people, you can list it on a website like Airbnb. This is an amazing way to get some extra money and to make new friends. If you leave your apartment for summer or winter break, that’s even better.

You can choose when you want to list it and when to accept guests. You can always check the people who want to rent your place, so you can be sure they are trustworthy. It is an amazing business idea where you only need to possibly invest in a new bed and to keep the place clean.

Other ideas


Other ways you can get some extra cash without doing anything include:

  • Sell digital files on Etsy
  • Design shirts or hoodies
  • Affiliate marketing
  • Sell stock photos
  • Sell eBooks
  • Start a blog
  • Sell study materials and notebooks
  • Invest in Stocks

Have you ever tried any of these things? What is your best tip for college students and getting some extra cash? Saving money may seem hard, but if you are smart about your funds, you will realize that you won’t have to struggle for cash every month.

Try to cut expenses on things you don’t need and try to follow your budget. There are a lot of different apps that can help you track the money you are making and the ones you are spending. When you first use the apps, you will feel like it is too much trouble to add all the things you spend money on, but in a short period, you will realize that the process helps your life. That way you will realize where your money is going and what you can do to spend less.

Experts recommend changing your TV or internet plan, so you cut some expenses on that. For example, if you mostly use your phone to go online, then you don’t need to have that many text messages or free minutes included. Go to your provider and ask them to give you a different plan that will still benefit you, but it will be at a smaller cost. Do the same with your TV plan and try not to use all the streaming services. In just a few months you will realize how much money you are able to save from all that.

What Newbies Should Know About Bitcoin Trading

With over a decade of experience on the market and incredible money-making potential at its side, Bitcoin is one of the best investment opportunities someone can go for these days. Cryptocurrency has become a pretty popular trend with budding investors, especially when Bitcoin trading comes into play. The activity has been around since the birth of Bitcoin and is an excellent option for any newbie, but there are some things you should know about it before you dive in. If you’re considering starting a Bitcoin trading venture, here are a few things you should keep in mind.

The Essence of Bitcoin Trading

At this point, most people have heard about Bitcoin trading. While the activity is the most popular way to profit with Bitcoin, not everyone is familiar with what it entails. In essence, Bitcoin trading isn’t too different than trading other currencies. What does set it apart is the high volatility Bitcoin entails, which can lead to massive payoffs if you play your cards rights. Like with most trading, traders buy Bitcoin when the price is lower and wait for the perfect time to sell when it reaches its peak.

Of course, there are plenty of different ways to trade Bitcoin, so doing some research before you start might be a good idea. Some people like to take big risks, so they go for the usual method we mentioned before. Others like to make quick trades by buying certain amounts of Bitcoin and selling them shortly after for a smaller profit. The versatility that Bitcoin trading offers can be a great tool, so makes sure you set clear goals for what you want before you start.

The Community Outreach

Most Bitcoin trading newbies dive into the activity unprepared, thinking that they can handle everything by themselves. While this isn’t impossible, it often leads to making small mistakes that could cost you big in the long run. It’s good to remember that no matter what you do, there’s always someone out there that’s been through a similar situation and can help out. Naturally, Bitcoin trading is no different.

One of the smartest things you can do as a budding Bitcoin trader is to get in touch with people who have some experience in the field and know a thing or two about it. Luckily, we live in the age of social media and the internet, so no matter where you are in the world, you can easily find Bitcoin communities online and ask for some advice. There are plenty of Bitcoin-focused groups across Facebook, Twitter, and Reddit. If you set up an account and explore these groups, you’ll find many Bitcoin enthusiasts sharing their trading experiences, shortcuts, and helpful tips!

The Automated Trading Trend

As we mentioned, Bitcoin trading has been around since the very start. Lucky for newbies, this means that the activity has evolved a lot over the years, giving them plenty of options that could help them out. One of these options is the recent trend of automated trading through top-notch software like As you can probably guess by the name, automated trading is a more laid-back approach to the classic trading method. The process doesn’t require much effort, trading knowledge, or even time!

The magic of automated trading comes with the technology built into the software. These trendy apps use advanced AI algorithms to find the best investment opportunities out there and take them for you when available. In the long run, this can mean a steady income with minimum effort. Of course, automated trading also comes with a risk. The best approach to using this software is making small adjustments to the way it works daily, so it best works in your favor.

Exploring Other Options

It’s safe to say that Bitcoin trading is among the best Bitcoin profit methods currently available, but that doesn’t mean it’s the only one. If you’ve taken a step into the world of trading and found it wasn’t for you, you can always try other ways to profit through Bitcoin. For those looking for something a bit more challenging, reading up on methods like Bitcoin mining might be a good idea. While this option has lost much of its charm in the past couple of years, it could turn out to be exactly what you’re looking for!

You can also go for a few more laidback options, but you should remember that these usually aren’t as profitable. A popular choice at the moment is Bitcoin freelancing, where you complete gigs for Bitcoin payments. These gigs are as random as can be, ranging from quick work like filling out surveys to complicated tasks like coding. Another option you can go for is playing Bitcoin games! These entertaining minigames can earn players Bitcoin payments for clearing the levels, but they’re usually not the most rewarding of the bunch.

Knowledge Plays a Key Role

If there’s one thing we know for sure about Bitcoin trading, it’s that having a good trading strategy can be a massive advantage. While to most people it might seem pretty simple, traditional Bitcoin trading is far from it. The activity takes a lot of time, effort, and practice to master, but all of it can be very worth it in the end. Before you start Bitcoin trading, it’s a good idea to take advantage of the endless resources out there and learn as much about it as you can.

Another thing you might want to do is keep up with the latest news about Bitcoin. Bitcoin trading can be heavily affected by new trends, both in the world of Bitcoin and outside of it. Staying up to date with what’s happening on the scene can help you better adjust your strategy and prompt you to take a different approach when you run into unforeseen difficulties impairing your earnings. Make small adjustments as you go and keep changing your approach with changing times.

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