Follow these 5 ways to make more money in this financial year

The starting of the financial year is the best time to review your financial planning. If you want to make more money in this financial year 2020 then you must follow these five easy ways.

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5 ways to make more money this financial year  |  Photo Credit: BCCL

New Delhi: The starting of the financial year is the best time to review your financial planning. Apart from the saving, planning, investing and reshuffling the portfolio, there are some tips which can help you grow your wealth. Earning a high salary is not enough to make money. It is essential to make a proper plan and track your income and expenditure.

Financial planning should involve taxes, deductions, loans, EMI, budget, earnings, income, etc. To lead a financially fit life one must plan accordingly. You should be careful enough before investing your hard earned money.

Five ways to make more money-

  1. In the first month of the new financial year, people should start planning for the taxes. Most of people complete this task at the end of the financial year. Planning in advance lets you know about tax saving instruments.
  2. Insurance plans should not be bought blindly. Look for an insurance cover which is capable to cater your future needs and lifestyle. Seeing your financial commitments and dependents from your family determine the right amount of insurance amount. You can even take the financial advisor’s help to choose the right plan and cover.
  3. It is advisable to review your investments from time to time. If you find out that some specific investment plan is not performing well, then do not shy away from switching it to another plan. Always look at the five to six years of return history before making investments. Try to make a plan and explore new funds after reviewing their returns in the past.
  4. Always keep a check on your cash flow. Track your income and expenditure and ensure that your expense should not be more than your income. Cut down on your extra and unnecessary expenses and invest that amount in your emergency fund. A contingency fund comes in handy during the financial crisis. It ensures cash in hand at the time of urgent need.
  5. Do not get lured by the idea of making more money. Before you invest your hard earned money make sure that the option is not risky. If you do not understand any particular scheme then sought the financial advisor’s help. Try to avoid putting your money into those funds or options which you do not understand.

[“source=timesnownews”]

Want to be creative? Follow these simple tricks

1/10Want to be creative? Follow these simple tricks

“Oh I am not that creative”- we all must have heard this sentence a number of times. And if you are someone who thinks that being creative is not everybody’s cup of tea, then let us break this myth for you.

Nobody is born creative, the art of thinking out of the box is an acquired one. Let us put this straight that everyone is creative in their own way.

Actually calling yourself non creative is a toxic mentality to have. Creativity is often understood as a way of thinking that is different and unique. You have to first make yourself believe that you can do anything, and then take the right steps to do it.

2/10Creativity differs from person to person

The reason why you think you are not that creative is because you are in all likelihood comparing yourself with others who are famous. You cannot compare yourself to Pablo Picasso or Lady Gaga; they are good at what they do and you may be great at what you do.

And as is rightly said “if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”

So if you truly want to be creative do not do these 8 things:

3/10Consider your work is done

Never consider your job as finished. Once the deadline approaches, we finish our work and consider it done and do not revisit it again. But if you are a creative soul, you know deep down that a project is never completed. Every time you revisit that particular work, you come up with a different alternative, to make it better.

4/10Think your idea is original

Nobody sprouts ideas on their own, so no idea is an original one. Every single person needs some sort of inspiration and that source of inspiration could be anything. You just need to be a little observant so keep looking for new ideas. You never know when you’ll come across something magical.

5/10Stay Comfortable

Some people are not creative because they do not look for things out of their comfort zone. Creativity will never come to you, you have to continuously keep searching for a new source of ideas. A true artist is the one who pushes his boundaries and gets out of their comfort zone. A truly creative person will be ready to take risks and willing to make mistakes.

6/10Compromise your style

Never surrender yourself in front of others’ opinion. This is one of the hardest things to do. People may often ask you to compromise your ideas in return of a nice reward, but you have to be firm on your decision. It is you who has to decide what is most important.

7/10Learn to accept rejection

In order to be creative, you need to be brave. Embrace your mistakes and learn to accept rejections. It is obvious that when you will step out of your comfort zone and try new things, people will tell you not to go that way. They would criticise you for your decisions, but you need to be brave to follow your heart and not be afraid of their comments.

8/10Never waste your time

If you want to be creative, never waste your spare time. Doodling is something that increases your productivity. Engage yourself in different kind of activities. More you absorb information, more creative you become.

9/10Challenge yourself

Try to challenge yourself every day, this helps a lot. Try some creative exercises, this will help you to think quick and creatively. You can also try painting and colouring.

10/10Look to nature for answers

Creativity never comes to those who lock themselves in a closed room. Look to nature for some ideas. Invest your time in nature as it is one of the best sources of inspiration.

[“source=timesofindia.indiatimes”]

Will Google and Facebook Follow WhatsApp’s Encryption Lead?

Will Google and Facebook Follow WhatsApp's Encryption Lead?

Now that it encrypts its messages, social media giant WhatsApp has thrown up a major roadblock for the world’s intelligence agencies. But the National Security Agency can take comfort in this, at least: Internet heavyweights such as Facebook and Google are unlikely to embrace similar encryption systems, which would prevent harvesting user information for advertising purposes.

In an era when cybercriminals are hacking into the computers of governments, corporations, and individuals, end-to-end encryption of the type now used by WhatsApp’s more than one billion usersrepresents the cutting edge of security know-how. Yet it also radically challenges the business models of some of America’s biggest tech companies that rely on huge troves of data about their users to deliver hyperspecific advertising.

End-to-end encryption generally “would conflict with the advertising model and presumably curtail revenues,” Harvard’s Berkman Center for Internet & Society noted in a February report. It concluded that profit-driven tech firms “have little incentive to veer from this model, making it unlikely that end-to-end encryption will become ubiquitous across applications and services.”

Google’s Gmail, for example, unapologetically scans users’ email messages to serve up ads. “We automatically process your messages to help you sort through the unimportant messages that get in your way,” Google explains on a Gmail help page. “We use a similar approach with ads. For example, if you’ve recently received a lot of messages about photography or cameras, a deal from a local camera store might be interesting.”

(Also see:  Google Reveals 77 Percent of Its Online Traffic Is Encrypted)

Users can disable Gmail from serving ads based on emails, but the default set-up allows the company to scan and harvest that data. It’s deeply in Google’s economic interests to do so: The more information it has, the better it can target users with ads relevant to their interests.

Neither Google nor Facebook responded to questions for this report.

Privacy advocates are deeply suspicious of the business model described as surveillance in the interest of advertising. That makes Facebook’s $22 billion acquisition of WhatsApp all the more fascinating.

WhatsApp doesn’t collect demographic information on its users, and its new encryption technology has erected a mathematical wall between the company and its clients. A 2012 blog post on the company’s website, titled “Why we don’t sell ads,” begins with a quote from the movie Fight Club: “Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need.”

“These days companies know literally everything about you, your friends, your interests, and they use it all to sell ads,” WhatsApp founder Jan Koum wrote in that blog post. “Remember, when advertising is involved, you the user are the product.”

The WhatsApp encryption system, developed by the hacker who goes by the name of Moxie Marlinspike, blinds the company to its customers’ communications. Users hold the keys to their encrypted data, meaning WhatsApp is powerless to provide the government with the contents of a user’s conversations – even when under court order to do so.

That’s in sharp contrast to the giants of the tech and social media world, as noted in the Harvard report. In the absence of end-to-end encryption, “many Internet companies will continue to have the ability to respond to government orders to provide access to communications of use,” it concluded.

Still, WhatsApp’s system isn’t surveillance-proof.

Chris Soghoian, principal technologist at the American Civil Liberties Union, said WhatsApp allows users to back up their conversations to cloud-based servers. The government may be able to access user content stored there, Soghoian said. User metadata – information about who a person contacted and when, and for how long they communicated – may also be vulnerable to court order.

For a company like Apple, the company’s business interests affects how widely the company can deploy its encryption. Currently, when presented with a court order, Apple is able to provide the governmentwith iPhone data that has been backed up to the cloud. Apple encrypts that information but holds a key to unscramble it. In the case of the iPhone used by one of the San Bernardino shooters, Apple turned over data stored on the cloud but said it could not access his encrypted phone. The company’s iMessage system is encrypted, but Apple can turn over messages backed up to the cloud.

Apple could in theory deploy end-to-end encryption in the cloud, but at a potentially huge cost to user convenience. If a customer loses his iPhone and has forgotten his password, his data on the cloud would be unavailable to him, Soghoian said. Such a security regime would potentially leave Apple with a large number of angry users. It’s one example of Apple’s ongoing struggle between bolstering security features with user convenience.

Given Facebook’s use of targeted ads, it’s unclear how WhatsApp will balance its own hard-line commitment to user privacy. In an interview last month, Marlinspike told Foreign Policy that WhatsApp is “fiercely independent from Facebook” but noted that “over time that might not always be true.”

“They are within the Facebook universe so it remains to be seen what will happen to them,” he said.

© 2016 The Washington Post

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