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Wealth Hacks

7 Ways Satellites Impact Investments

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“Ipsa scientia potestas est” said one great thinker, which translated, meant in knowledge itself is power. In today’s global quest for power, everyone is looking into the sky for the answer. And no, it’s not blue sky thinking, but satellites.

While we have the one Hubble looking out into the universe, we have hundreds more pointing back at us. These earth-facing satellites tells us stories of ourselves that we could otherwise not know. Here are ways these eyes in the sky impact human lives and investments.

  1. Estimating global oil inventories

Oil inventory is one application of satellites. Ursa Space Systems can estimate oil inventory globally using proprietary algorithm and space images. This is important as official state figures are deliberately inaccurate. This is for national security reasons.

Hence, it helps investors to know what exactly is in storage. Low storage means high demand. Inversely, high storage means oversupply and potential price drop.

  1. Forests and woods

The rate of deforestation is another area of interest. Imazon provides government with imagery showing the rate of deforestation of the Amazon. This helps policy makers to understand the severity and rate of deforestation. Investors can use this information to assess the risks of policies against their portfolio.

  1. Farms and Crops

On the flip side of deforestation is agricultural data. TellusLab Inc specializes in rationalizing satellite data to understand and estimate crop yields. This started with soy and wheat has expanded into palm oil, coffee and cocoa. These data helps commodity investors to hedge against a particular crop and country.

  1. Surveying oil fields

Iceye is a unique satellite system helping oil producers unlock trapped oil and gas reserves in cold environment. This system can pinpoint where the permafrost is melting and releasing trapped natural gas. This takes away all the guesswork of Artic oil and gas exploration. This level of certainty gives investors confidence in their related portfolio.

  1. Global fishing activities

Fishing is one area satellites help both private sector and public sector. NGOs like Global Fishing Watch use satellite data to map vessels, location and rate of fishing. Vessels that fish in non-fishing zones are reported to the authorities for swift action.

In general, this data helps investors to predict the trends in fishing supply and demands. Where there is over-fishing, prices will drop. After some time, the inevitable correction will kick-in for a strong buy.

Time to fishing for the right stocks then!

  1. Urban Development with satellite guidance

Urban development has high impact on human lives. A poor design could lead to high loss of lives. However, if done well, it could make a city into a powerhouse. Using images from NASA’s Landsat and the European Space Agency’s Sentinel-1 satellite programs, World Bank researchers track expansion of urban cities. It helps town planners to understand potential risks.

It also helps economists and policy makers understand the impact of urban expansion. So, when disaster strikes, investors can assess the impact on their investments.

  1. Satellites on a budget

SpaceKnow offers a DIY spatial analytics platform approach to use of satellites. It can track number of cars in a parking up to shipping vessels and shipping lines. Any investors inclined in specific companies or industries can order custom reports.

This is the sort of powerful tools investors can play with today. It’s like having your own satellite without the hassle.

Besides helping investors make sound decisions, satellite also help governments and NGOs. They use the power of satellites to observe climate change and biohazards such as virus spreads. Even pilots use tools like EarthCast to predict actual turbulence during their flights.

The next time you look up the skies, smile. You don’t know who’s looking back at you.

Personal Finance

3 Simple Ways To Save Money Faster

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Would you be interested if we told you that there are efficient tricks to saving money? Well, it’s true; there are a few tricks that can be used to save money, even when it doesn’t feel like you have any money to save.

The present state of the economy is a loud wake-up call for you to tighten your belts, cut back on unnecessary expenses, and save more.

Though there’s nothing wrong with only spending when you can afford it, don’t backslide and disregard your long-term financial goals.

1. Automating Your Savings

Think about what it would feel like if:

  • You woke up everyday knowing that your money is automatically going where it was supposed to.
  • You spend less time managing your finances but still dominating it.
  • You can easily pay your bills/debt and watch your savings/interest grow.

We could go on and on, but the trick here is that automating your finances helps to remove all irrational human behavior that can get in the way of accomplishing your savings goal.

2. Move Any Unspent Money To Your Savings

The whole point of budgeting is to avoid living from salary to salary.

You need to have an understanding of how much you can survive on, monthly or weekly, try to cut your expenses, stick to it and hopefully have something extra at the end.

Any extra income you have before your payday should be moved to your savings account. Then, you start another cycle of budgeting.

It might sound boring but this trick not only shows how better you are at budgeting (having extra unspent income before payday) but it better motivates you to keep the numbers increasing and cutting your expenses.

Remember: Whether you choose to budget or not, at least find out how much you’re gaining or losing every month — Save the gain.

3. Zero Your Money Out Every Evening

This might sound really elementary but it works and it’s pretty easy. You have to make a decision to zero out your unspent money every evening.

So let’s assume after a days’ work, you end your account balance with:

₦51, 600 available on your bank account.

What you should do:

Deduct the last three or four digits from each number to get a zero at the end.

For example:

N51,600 — N1,600 = 50,000 — → N1600 goes to your savings account!

As simple as this trick might be, it helps you to actually control your spending and save. Give it a try.

What are the tricks that make saving easy for you?

Let’s know your answers in the comment section below.

Have a great week!

This article originally appeared on Piggybank.ng. Follow them on Facebook , Twitter , and Instagram

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Wealth Hacks

WEALTH HACK: 5 Apps That Give You Free Stuff (Even Money)

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Whoever said there’s no such thing as a free lunch was probably wrong. There are plenty of apps that will give you free stuff – everything from food (ironically beating the old saying), to money. Here are five apps that you can check out to bag some freebies.

1. Fish For Money

This fun app lets you bag a $15 gift card or get PayPal payments, if you can successfully catch a million pounds of fish.

2. Movie Money

Here’s an app that pays you to watch movies. What could be better? For every 1,200 points you earn watching movies,  you get $5 – either as Amazon gift cards or cashed out through PayPal.

Related: Shopping For Deals: 3 Things To Look Out For (And No, It’s Not Price)

3. Claim It!

If you’re residing in and around New York City, this app lets you bags LOTS of free stuff. This includes anything from movie tickets and video games, to handbags and gift cards.

4. AppBounty

If you’re someone who loves to spend time testing new apps, this app comes packed with perks. You bag anything from 500-1200 points for every app you download and test, which can later be converted to XBox Live Points or gift cards at iTunes and Amazon.

5. Cosign

This app rewards you every time you share information about the products you find. Once you tag the products and hit share, you’ll snag a 30% commission whenever a visitor clicks the link you shared. Better yet, you’ll be paid a higher commission once you’ve collected a required number of points.

 

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Wealth Hacks

7 Incredibly Effective Tips To Get Fit In The Office

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Not only do we spend most of our day within the confinement of our workspace, but we also spend most of our life there. Our schedules are basically built around our work life.

Before we can decide to go out for the night or take a vacation, we check our work schedule.

The influence of our work life has a ton of impact on how we live. If you love your job, you’re about to love it even more. And if you don’t—and let’s face it, a lot of us don’t—you just might have a reason to now.

By incorporating the tips in this article, you’ll have something to look forward to each day. Here are seven effective tips to get fit in the office. 

1. Get an accountability partner

You may not feel like doing the things you know you should be doing to achieve the goals you have set for yourself. Don’t wait for the feeling of “I don’t feel like it” to go away. The truth is, that feeling may last for a few days or even weeks.

Get yourself a reliable accountability partner. An accountability partner can make a night and day difference in your ability to get started with your journey and remain consistent. 

Structure is imperative in order to see what you need to focus on. Create a plan, follow it, review your progress or lack thereof, and refine your plan to meet your needs.

2. Talk to a friend/co-worker who has similar goals as yourself

If your prospective accountability partner has already begun their journey, this is even better but it’s not necessary. 

Take a few minutes during your break and share your health and fitness goals with each other, set specific dates and times when you meet up (even in the office) and perform basic exercises, stretches, and eat healthy lunches/snacks. 

Encourage each other to continue these efforts on the weekends or holidays. Set milestones such as meeting with each other three times per week or walking up three flights of steps.

3. Focus on accumulative exercise

Being in the gym for two hours every day is not necessary in order to achieve exceptional levels of fitness and health. 

Many do not realize the extreme consequences of inactivity and that may be why the need to exercise is not made a priority. 

A study by the University of Cambridge states that walking 20 minutes daily can reduce the chance of early death. Deaths related to lack of physical fitness were found to be the case in over 300,000 European men and women. That’s twice the amount of deaths caused by obesity. We can conclude that small consistent actions result in big long term results.

4. Move a little

Is being inactive really a big deal? More often than not, we wait until a doctor informs us of our need to change our habits in order to reverse the onset of chronic diseases. 

Inactivity increases the risk of coronary artery disease, non-insulin-dependent diabetes, osteoporosis, malignancies (of the colon, prostate, testicle, female reproductive tract, breast) and even the alteration of your mental state, such as anxiety and depression. 

You’re likely familiar with one or two diseases mentioned above. These diseases can cause the quality of life to deteriorate. The solution needed in order to prevent these possibly fatal diseases is to begin regular exercise. 

5. Get started. Start by exercising for at least 30 minutes per day

Accumulative exercise is a solid strategy if you don’t have large time blocks to perform exercise. Do smaller bouts of frequent exercise throughout the day. 

Having a structure to follow makes this task easier. An example of accumulative exercise would be performing 15 bodyweight squats three or four times a day, four to five times per week.

6. Stand instead of sitting

The amount of time spent sitting while at work is doing far more damage to our health than we realize. If you have the ability to stand while at work, you should certainly be taking advantage of this. 

A study published in the Journal of Physical Activity and Health stated their findings from the difference in caloric expenditure in sitting versus standing desks. 

These were the results. “Results indicate a significant increase in caloric expenditure in subjects that were standing at a standing classroom desk compared with sitting at a standard classroom desk.” Prolonged sitting contributes to the manifestation of chronic diseases, numerous studies support this statement. 

Even if you do not have access to a standing desk, you should work in intervals. Set a timer or use an app like ‘BeFocused’ to remind yourself when to stand up. All you need is a minute or two in order to get the blood flowing and muscles loosened.

7. Participate in a Wellness Program

Out of all the listed tips, this one takes the cake and yes you can eat it too. Nearly 90% of workplaces with 50 employees or more deploy some sort of health awareness program. 

The focus of these programs is to create awareness surrounding health issues, minimize health risks, improve activity, etc. The main objective of these programs is usually to improve company culture, reduce health care costs, and improve employee morale. 

If you’re an employee, ask your employer if they have an existing wellness program and find out how you can participate. If you’re an employer, I encourage you to seek ways to incorporate a wellness program into your organization. Organizations like Business Body Elite provide free resources to help you implement a wellness program.

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