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Sweden is close to being the first country in the world to eliminate cash

October 28th, 2014 at 11:52 am » Comments Off

It could take up to the year 2030 for physical money to disappear from Sweden’s system altogether. Four out of five purchases in Sweden are paid for electronically or by card according to a new report from the Swedish news organization, The Local. They also report that Swedes are using electronic payments 260 times per […]



French Twitter users can now tweet payments using S-money service

October 28th, 2014 at 11:08 am » Comments Off

Twitter users can tweet a payment to their followers. Twitter users in France can now publicly repay debts, donate to charity or chip in for a gift with a new payment service backed by the country’s second-largest banking service.    



Why Google could beat Apple and become the first $1 trillion company

October 22nd, 2014 at 2:49 pm » Comments Off

Google could beat Apple to the milestone. Colin Gillis, a technology analyst at BGC Partners predicts Google Inc. will be the first $1 trillion company by market capitalization, not current front-runner Apple Inc.    



Bitcoin isn’t just for anarchists and libertarians anymore

October 19th, 2014 at 8:09 am » Comments Off

Consumers are embracing the digital currency even though the value of Bitcoin has fallen 55% against the dollar. Earlier this year Mary Fons joined the Bitcoin economy. She uses the digital currency to buy gift cards and office supplies. Her partner reimburses her with Bitcoin for his portion of the rent. Thirty-five year old Fons […]



1 in 4 Millennials trust ‘no one’ when it comes to advice about money

October 18th, 2014 at 8:31 am » Comments Off

39 percent of millennials worry about their financial future at least once a week or more. When it comes to information about financial matters, about a third of millennials trust their parents most, but nearly one in four say they trust “no one” when it comes to advice about money, according to Fidelity Investments.    



Chuck Feeney, an unconventional billionaire who is revolutionizing philanthropy by closing his foundation

October 17th, 2014 at 8:20 am » Comments Off

Chuck Feeney Chuck Feeney is a self-made billionaire who is an extreme philanthropist. He believes that charity shouldn’t go on forever and his fellow billionaires, from newly minted Silicon Valley entrepreneurs to Bill Gates and Warren Buffett, are learning from his example.



Why managing cashflow is critical for the survival of your startup

October 14th, 2014 at 2:46 pm » Comments Off

Managing cashflow and burn rate is more critical to your business success than having the right idea and the right product. A basic survival metric for every startup is cashflow. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you […]



Do states with no income tax save residents money?

October 13th, 2014 at 12:33 pm » Comments Off

A state might have no income tax, but it might make up for that through other taxes. If you’re thinking about moving to a new location, it’s reasonable to seek out spots that might cost you less. Thus many people turn to states with no income tax. However, there’s more to the picture than income taxes. […]



Crowdfunding will provide $65B to boost the 2014 global economy

September 22nd, 2014 at 12:18 pm » Comments Off

A new law will allow entrepreneurs to equity crowdfund from anyone with the cash and the interest. Crowdfunding is really big and it’s only going to get a whole lot bigger.  If you’ve been skeptical of all the crowdfunding buzz, consider this: By the end of 2014, crowdfunding is estimated to add at least 270,000 jobs […]



U.S. intends to make public drug company payments to doctors despite calls for delay

September 22nd, 2014 at 11:14 am » Comments Off

The database is part of the government’s “Open Payments” program. Scores of doctors’ groups have called for postponement, but the Obama administration intends to stick to its 30 September deadline for making public a database detailing payments and gifts from the drug industry to US physicians, a spokesperson for the US Centers for Medicare & […]



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