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5 Ways to outsource your financial management



Financial Management: The Path To Wealth Or Debt

One of the most common occurrences in life is debt. Many people struggle to stay on top financially. Meanwhile, many often wonder what separates the few people who always manage to keep their cash flow strong.

Most debt comes down to one simple factor: The management of your finances. Correctly navigating the balance between your income and outgoings is often the difference between debt and prosperity.

This is because most loans or bills work through penalizing late or missed payments. This means debts can quickly mount up and become unmanageable.

Loans, bills and other expenses can often be overlooked or forgotten too. So, even if you had the money to pay them initially, they can quickly become too expensive.

A lot of people can be inefficient with their income too. Spending on unnecessary things or impulse buying can quickly leave you short on money. This creates the same problem as mounting debts.

So, the major factor in keeping you financially healthy is managing your money and bills. But, this is easier said than done. Most people are too busy to keep such a close eye on their finances. This is especially true for those who are already in debt and are trying to work their way out.

The best option for many of these individuals is simply to outsource their financial management to another person or organization. This will allow a tighter watch to be kept over your money without tying you up. But, many people are unaware of how to do this.

So, below, we put together five ways you can outsource your financial management to make your life easier and stay financially stable.

5 Ways To Outsource Your Financial Management

1. Financial management firms

Using financial management firms when outsourcing financial management is usually a practice done by businesses. But, some firms also offer a similar service for private individuals. Here, your expenses and income are taken care of by a company.

Your money is either used to pay bills and debts, saved, or provided to you for expenses. The two drawbacks to this are the cost of these firms and the loss of control over your money. But, it is one of the most effective ways of getting your finances under control.

2. Wage garnishment agreements

The use of lawyers to help with wage garnishment is a common occurrence for those already in debt. But, they can be as useful for those trying to avoid debt. Wage garnishment lawyer help draw up agreements to have your employer withhold a certain amount of your wages to pay debts.

This automatic form of payment is effortless and helps you pay your debts quicker to stop them building up. It’s also cheaper than the above option, as you only need to draw up an agreement once. Although you may need to pay again to end the agreement.

3. Use technology

The use of apps on your smartphone is an easy and very low-cost way of having your finances managed. While it’s not outsourcing the management completely, some apps offer analysis of your incomes and expenses. Others even offer a way to pay your bills automatically, so they don’t go unnoticed.

The only drawback here is the work you will need to do to set up the apps and review how they are working now and again.

4. Use an accountant

This is a scaled-down version of the first option and should be considered even if you are good at managing your finances yourself. An accountant can help you get a clear view of your income and outgoings and can help you manage your money better.

They may also help you save some money by showing some tax-efficient ways to spend or save your cash. They can also be hired as-needed for added efficiency.

5. A family member or close friend

This is one of the oldest ways of outsourcing your financial management. But, it is one of the riskiest. Giving financial control to a close friend or family member can help save you from impulse buying and unnecessary spending.

But, if there are conflict arises, related or unrelated, to finances, this can cause a strain on the relationship. So, this method merits careful thought and should only be considered by those who can’t choose any of the above options.



Author Bio: Susan Ranford is an expert on career coaching, business advice, and workplace rights. She has written for New York Jobs, IAmWire, and ZipJob. In her blogging and writing, she seeks to shed light on issues related to employment, business, and finance to help others understand different industries and find the right job fit for them.


How Artificial Intelligence is Changing The Art Industry



At the end of last year, a work of art created by an algorithm was auctioned off for the first time ever. It was a painting and, though it was only expected to sell for around $10,000, it sold for a whopping $432,500, further cemented the growing interest in AI art. Artificial intelligence is undoubtedly changing the future of technology and business practices, but it’s making waves in the visual arts sector as well. AI artists are collaborating with machine learning technology to write novels, produce fine art, expand capabilities in the culinary arts, produce music, and even help with choreographed dances.

The idea of artificial intelligence creating art has been met with many divisive thoughts from creators, artists, and collectors alike. Who technically owns the art and should profit from its sale? Can a machine evoke the same creativity that human can? Will it ultimately replace artists? Auction house, Invaluable, explores the capabilities of AI art and answers these questions in their infographic below. You can see the full article here.

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Kunpeng 920: Huawei Unveils World’s Highest-Performance ARM-based CPU



Just in time for CES 2019, Chinese tech leader Huawei, strategically unveiled the Kunpeng 920, the industry’s highest-performing ARM-based processor. At Huawei’s headquarters in Shenzhen, China, Huawei released the impressive CPU, intended for handling applications like big data processing and distributed storage.

William Xu, Director of Huawei’s Board and Chief Strategy Marketing Officer, said during the press conference that “Huawei has continuously innovated in the computing domain in order to create customer value. We believe that, with the advent of an intelligent society, the computing market will see continuous growth in the future. Currently, the diversity of applications and data is driving heterogeneous computing requirements. Huawei has long partnered with Intel to make great achievements. Together we have contributed to the development of the ICT industry. Huawei and Intel will continue our long-term strategic partnerships and continue to innovate together.”

William Xu, Director of Huawei’s Board and Chief Strategy Marketing Officer (credit: Huawei)

Kunpeng 920: High-Performance ARM-based CPU

Huawei’s high standards of leading the industry are very clear with the release of the new Kunpeng 920.  The new CPU, similar to Huawei’s HiSilicon Kirin 980 (launched in October 2018), was  designed in-house and manufactured on a 7-nanometer processor. According to Huawei, the gain in performance between these two CPU’s emerges from a series of optimized branch prediction algorithms and an increased number of OP units, along with an improved memory subsystem architecture. The Kunpeng 920 provides both higher computing performance for data centers while decreasing overall power consumption. The Kunpeng 920 is packed with 64 cores, clocking an impressive 2.6GHZ, and paired with 8-channel DDR4 memory allows the Kunpeng 920 to score over 930 on the SPECint Benchmark, 25% higher than the industry benchmark.  For the sake of comparison, the previous industry leader was the Fujitsu 7-nanometer A64X. Beyond its speed is the CPU’s power efficiency, which performs 30% better than its competitors.

Kunpeng 920 performance (credit: Huawei)

In terms of system integration, the new CPU has increased with two 100G RoCE ports. Kunpeng 920 also supports PCIe Gen4 and CCIX interfaces, and provides 640 Gbps total bandwidth.  In addition, the single-slot speed is twice that of the incumbent offering, effectively improving the performance of storage and various accelerators.

TaiShan Series: Huawei’s ARM-based Server Built to Perform

To complement the Kunpeng 920, at today’s press conference Huawei also released its TaiShan series servers, powered by the company’s new CPU. Aimed at tackling three distinct issues, storage,  high-density, and balancing both requirements, the Taishan series designed three unique models. Powered by the Kunpeng 920, the TaiShan servers are built for big data, distributed storage, and ARM native application scenarios. These unique scenarios are ideal for the ARM architecture offering many advantages in many-core and performance per watt. The TaiShan series are ideal computing platforms for enterprises with high performance and low power consumption. Designed especially in big data scenarios, the TaiShan servers are tuned for optimal many-core high concurrency and resource scheduling to deliver a 20% computing performance boost.  

As Mr. Xu stated at the press conference, “The ARM industry is seeing a new development opportunity. The Kunpeng 920 CPU and TaiShan servers newly released by Huawei are primarily used in big data, distributed storage, and ARM native applications. We will work with global partners in the spirit of openness, collaboration, and shared success to drive the development of the ARM ecosystem and expand the computing space, and embrace a diversified computing era.”

TaiShan server (credit: Huawei

Open and Collaborative ARM Ecosystem is Geared for Mutual Success

For years, Huawei has continuously promoted industry cooperation and collaboration among its industry partners in terms of hardware, basic software, and applications. The company’s unique approach is predicated on the growing trend that an intelligent society, with all things connected, and sensing, is well underway. In light of these industry trends and application requirements, a new era of diversified computing is emerging. The ability to process multiple data types and scenarios are the driving force behind optimizing computing architecture.   

Summarizing the company’s vision of serving as an industry leader across all verticals, from telecommunications to servers to handsets, Mr. Xu noted that “With Kirin 980, Huawei has taken smartphones to a new level of intelligence. With products and services (e.g., Huawei Cloud) designed based on Ascend 310, Huawei enables inclusive AI for industries. Today, with Kunpeng 920, we are entering an era of diversified computing embodied by multiple cores and heterogeneity. Huawei has invested patiently and intensively in computing innovation to continuously make breakthroughs. We will work with our customers and partners to build a fully connected, intelligent world.”

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11 Important Cyber Security Tips That Will Help Seniors Protect Themselves From Hackers



With the increasing impact of the digital world, an AgeUK study shows that senior citizens are making use of emerging technologies – in fact the number of over 75s using the internet in particular has doubled in the last five years.

Seniors are not only using the internet, but the majority of seniors also own smart phones, online shop and 50% of internet users aged 65-75 have a social media account. The main ways seniors tend to use the internet is to keep in touch with family abroad, for general browsing and for entertainment purposes.

Although seeing the older generation taking advantage of the latest trends and technologies shows the positive impact of these innovations on people of all ages, there are also many potential threats they need to be aware of when using the internet. Only 32% of seniors surveyed claimed they were confident using the internet safely, and 25% of over 75s stated that technology made them feel vulnerable. Seniors particularly need to be aware of how to use the internet safely as they appear to have a lack of confidence and awareness, making them prime targets for cyber criminals. 1 in 5 seniors also don’t have anti-virus software installed on their devices leaving them vulnerable.

This infographic created by Focus Training introduces simple yet effective ways seniors can safely use the internet and protect themselves from potential cyber attacks.


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