American Hope Resources: How To Prepare Your Finances For Economic Downturns

An economic downturn can have a devastating effect on your finances and life in general. That is why you need to be prepared for rainy days. American Hope Resources has conducted an interview to address the topic.

With the answers below, you have everything you need to know to keep your head above the waters of recession.


An economic downturn or recession is a significant continuous and pervasive decline in a country’s economic activities.


A recession is deemed to happen when a country has a steady decline in its economic output for more than two or more consecutive quarters of the financial year.

A slow economy characterizes the economic downturn. Businesses produce less, and consumers’ ability to purchase is limited. Several people get laid off, and businesses close down or make fewer sales. The actual economy struggles, and the country experiencing the recession has a decreased overall economic output.


First, you should rebalance your portfolio. This means moving some of the money that investors may shift to bonds back to stocks.

In the face of an upcoming recession, it should become evident that you need to cut off costs and review subscriptions and bank statements. Cost-cutting apps such as TrueBill or Trim can do this for you.

You must save enough to last at least six months or more to prepare for a recession. You should also ensure that your money isn’t in an ordinary savings account but rather one that yields interest, no matter how small. You must ensure that it is not a locked account so that you can assess your money when you need it.

Lastly, recessions are usually characterized by an increase in unemployment. The best way to avoid being unemployed during the time is to add more value to yourself. That will ensure that you can take up other jobs if you lose your current one during the recession.


Yes, you can! The first thing to do when you get wind of a possible recession is to stay calm. The market will inevitably bounce back.

So, don’t go ahead to sell off your investments.

You can make use of the dollar-cost average when share prices decline. You can also buy into dividends or invest in consumer staples (essential commodities).

You should also know that low market prices mean you can buy more shares. When the prices go up, you will see much greater growth. This doesn’t mean you should invest indiscriminately. Instead, you should consult a financial planner to know which funds to buy.


Funds that track the stock market, such as S&P 500 or FTSE, are a good investment choice during a recession. At American Hope Resources, we recommend investing in industries whose business is not determined by the economy, e.g., healthcare companies.


How You Can Change the Way You Shop and Have a Better Wardrobe All in All

There’s been a lot of talk about organising a wardrobe; you have most likely been there and done that. You’ve gone through your wardrobe to weed out the items that no longer fit you and those that fail to ‘spark joy’ (as Marie Kondo so aptly put it), but before you know it, you’re in the same predicament once again, with a wardrobe that’s full to bursting! Of course, you can always try to get a bigger wardrobe or organise it by throwing stuff away, but at the end of the day, it may be worth considering that you may need to change how you buy things. For example, you can invest in high-quality pieces instead of buying everything in sight and place your bet on trendy pieces – without splurging on them! So what else can you do to change the way you shop and have a better wardrobe? Let’s find out.

  • Invest in high-quality items

As mentioned, why not start by investing in high-quality items? By doing this, you are creating your wardrobe’s backbone. You will get items of good value, and even if they are expensive, you will get the most out of wearing them for a longer time. Go for versatile pieces that are easy to mix and match with others in your collection. Think of items that will give you great cost-per-wear, such as a good coat, a black dress or blazer, a generic white shirt, blue denim jeans, black pumps, white sneakers or trainers, and so on.

  • Go for easy and affordable trendy pieces

It’s fun to go with what’s trendy once in a while, and we strongly advise you to do so. For example, if you like the ruffled look on blouses or dresses, go for it – but choose one that’s not as pricey. In the same vein, try not to spend loads of money on a jumper which you will only get to wear for a season.

  • Consider each purchase carefully

We’ve all been guilty of buying on impulse, which is fine once in a while. But if you want to make the best choices with your wardrobe and choose only good pieces that last, consider each purchase carefully. Built-in wardrobes Manchester specialists such as MyFittedBedroom agree – it’s essential to think of at least three wardrobe combinations with each piece in your current wardrobe, and if you can’t think of any, you may want to scrap it.

  • Do your research – and sleep on it!

As mentioned, we’ve all been guilty of impulse buying, but try not to make it a habit, or you will end up with an overloaded wardrobe. You can do one thing to avoid it, though – sleep on it. Moreover, try to do your research on the items you like and need and see if you can find them cheaper elsewhere. And here’s another tip that’s helped plenty of shoppers time and time again – sleep on it, and if you still want it badly the following day, that’s your cue.

  • Find a skilled tailor

A tailor is expensive – but find a tailor to make alterations for you instead. Sometimes, it’s all in how your clothes look on you and whether they’re the right fit. So look for a skilled tailor who can make adjustments and hem sleeves and trousers and fit your shoulders to blazers and jackets, and you’re set.

The Biggest Hedge Fund Managers in the World Right Now

A global hedge fund manager is someone who has control over a pool of money that he or she can use to make investments that might pay off for investors and/or the fund itself. While these managers invest their clients’ money, they are not necessarily obligated to do so, but rather have this freedom. Today we will look at two of the biggest hedge fund managers in the world right now. Maybe, these can help you manage your casino games for real money wins in the near future.

James Simons

Simons, the richest person on the Rich List, is the only hedge fund manager to have qualified for all 21 years since the ranking’s inception. For the sixth time in the last seven years, the math genius leads the list this year. The Medallion Fund, which is exclusively available to insiders, was once again the greatest performance for the 83-year-old. It increased by 48% last year. Meanwhile, Simons’ three public funds showed profits ranging from 10.5 percent to 20.5 percent after incurring significant losses in 2020. Renaissance presently manages around $60 billion, following outflows of approximately $15 billion from December 2020.

Israel Englader

Englander, a 52-year Wall Street veteran, falls to second place after leading the list last year. There’s no reason to cry: His multi-strategy fund Millennium USA earned 13.6 percent (Millennium International performed similarly), putting it in the center of the pack for that strategy. Currently, 278 strategy structures and practices more than $53 assets worth across four major strategies at the 33-year-old firm.

Relative-value fundamental equities, equity arbitrage, online casino real money strategies, and quantitative strategies. Last year, the firm’s trading personnel increased by 17%. By the conclusion of the fiscal year, Millennium had returned $15 billion to investors in a share class that may be redeemed throughout the year and raised $13.7 billion for a longer-lockup group.


Top Finance Apps You Need 

How often have you heard someone say something along these lines: “I wish I had X app instead of Y app.”

There’s no question that apps are the way forward. They provide us with quick access to information and allow us to perform tasks much faster. In the case of finance apps, they allow us to get our numbers in order and monitor our financial health.

They also enable us to save time and effort and make investing easier. That said, not every app is created equal. If you’re looking for the best apps around, then check out this list of the top finance apps.

Top Finance Apps You Need

1. Personal Capital

Personal Capital is an investment account that helps you automate your investments click here to see where else can you invest your money. With it, you can set up a budget and track how your money is invested across different accounts. What makes PC stand out from other tools like Mint? It goes one step further than Mint by enabling you to take advantage of tax benefits and create retirement plans as well.

PC is available through its website or third-party platforms. The official mobile platform is free while PC’s premium service costs 99 cents per month.

2. MoneySmart

MoneySmart allows you to manage all of your finances, including checking bank accounts, credit cards, loans, investments, and even bill payments. It was designed to be easy to use and intuitive. While many free apps offer similar features, the quality of MoneySmart’s content is on par with those paid alternatives.

For example, MoneySmart provides detailed explanations about tax credits and deductions. As such, its educational material gives you more insight into what you should be doing concerning taxes, making it valuable. Another aspect worth considering is that MoneySmart is available both as a free iOS app and as a free Android app.

3. BudgetWise

BudgetWise lets individuals and casino games for real money businesses plan their budgets effectively. It does so by helping them identify areas where there is room for improvement, as well as giving recommendations regarding improvements.

For example, when users enter data about their income and expenses, they’ll see a recommended monthly budget based on their spending habits. At this point, BudgetWise will also give suggestions on ways to cut down on unnecessary spending.

Once users fill out their budget, BudgetWise will show them what changes they need to make over time. Users can use the app as many times as needed to help improve their financial situation. Budgetwise is available for a range of operating systems—including iOS, Windows Phone 7, Google Play, and Blackberry OS.

Bitcoin Mining – The Future of Global Finance

Bitcoin is a form of electronic cash that’s completely decentralized and peer-to-peer (P2P). Transactions occur without the involvement of banks, clearing houses, or other intermediaries. Instead, transactions are verified by a network of computers called miners. This means that the transaction is recorded permanently in a public ledger known as the blockchain. Because of the way that this system works, bitcoin is often called the “first truly global currency.”

A Global Currency

The concept behind Bitcoin and big win casino may seem complicated, but it boils down to these two components:

1) A digital currency that can be used for online payments, just like traditional currencies like dollars and euros;

2) A distributed marketplace where trades are made between users through the use of mining.

The fact that Bitcoin can be exchanged on an open, decentralised market with no central authority is one of its key features. As such it has been called anonymous money, something like gold for the internet, a crypto version of PayPal or perhaps better still – Facebook credits. It allows you to avoid censorship, control what information they have about you, and to move your funds across borders, at least into some degree, without any third party interference.

Future Predictions

As we speak, there’s more than $100 billion being invested into cryptocurrency projects worldwide. That number will continue to grow exponentially over the next few years. Some people believe that it could reach well beyond the trillions of US Dollars over time. However, all predictions are based on speculation rather than financial experience. So there really isn’t much point me talking about what I think will happen. Most importantly though, as long as enough people find value in using them, cryptocurrencies will exist and grow.

The Bottom Line – Immersion into Global Markets

Today, we already see that BTC is almost dominant in the online gambling, NFT, and Video Gaming Worlds, just to mention a few. With smart contracts coming soon and Ethereum having their own DAOs, ICOs, and Decentralized Applications for many different markets; and with Ripple gaining momentum globally, who knows how big the future might look? Just keep in mind that any prediction is just that, a prediction!

How to Achieve Your Financial Goals as a Mom

There are many things to think about when you’re a mom, but the one that will often be your biggest priority is your children. You’ll want to ensure they have everything they need and that their lives are happy and that you can do all you can for them when they need it. In that respect, having financial goals and, importantly, achieving them, is crucial. When you can do this, everything else will fall into place. With that in mind, here are some of the ways you can achieve your financial goals as a mom.

Eliminate Debt

How much do you pay each month on your debts? Whether you’re paying the minimum amount or a little more when you can, when you add it all up, you will probably be surprised at just how much money is going to pay back your credit cards and loans. If that money could be put to better use elsewhere, especially in regard to your children, and will help you meet your financial goals as a mom, then it’s crucial to eliminate that debt as quickly as possible, or at least reduce it by a significant amount.

There are a number of different ways you can do this, but one option is to look at debt consolidation loans from OneMain Financial. When you do this, you might be able to lower your interest rate (therefore paying less) and only have one monthly payment to consider. This can help make it easier to manage your monthly finances. Remember though that while debt consolidation may lower your interest rate or monthly payment, it’s important to consider origination fees and the length of repayment. These can offset the savings or increase the total amount you pay over the life of the loan.

Boost Your Income

Another way to achieve your financial goals as a mom is to increase your income. This might sound as though it’s easier said than done, but the fact is that there are ways you can increase your income without sacrificing family time. One way could be to sign up for an online course that will allow you to get a better job and earn more money. You could also start a side hustle – this might even become a full-time business eventually. Or how about selling things you don’t need anymore?

Think carefully about the options open to you, and consider the advantages of making the changes you might need to make to ensure it happens. There will be pros and cons to everything, but if you can boost your income, it might be worthwhile to decide how to do it.

Get Help

If your financial goals seem to be out of reach, it can be upsetting. It might even lead to depression or other mental health issues. It certainly won’t make for a happy home. So if you want to achieve your financial goals as a mom because you can see the positives that would come from that, it can be a good idea to ask for help.

That might be done by obtaining the consolidation loan we mentioned above. It could be done by speaking to friends and family who, even if they can’t help financially, might be able to offer some good advice. It might be that you speak to a debt counselor. There are a number of options, so if you need help, don’t be afraid to ask for it – it could make all the difference to your life and the lives of your children.


Money Management Tips for Online Casino Players


If you want to make the most of your online casino experience, it is important to learn how to manage your money. Many players lose track of their spending and end up going into debt. This can ruin your fun and cost you a lot of money. In this blog post, we will discuss some tips on how to manage your money while playing online baccarat. We will also recommend a great baccarat site where you can enjoy this exciting game!

Here are a few tips for managing your money while playing online baccarat:

– Decide how much money you are willing to lose before you start playing. One of the most important things to remember when playing online baccarat is to set a budget and stick to it. Decide how much money you are willing to spend on each session and do not exceed this amount. If you find yourself losing track of time and spending more than you intended, take a break from the game until you have cooled down. This will help you stay within your budget and not spend more than you planned.

– Only gamble with money that you can afford to lose. This will help prevent you from going into debt if you lose your gambling funds. Only gamble with funds that you can afford to lose. Avoid putting any essential bills or payments at risk. It may be fun to bet big when playing online casino games, but it is always important to stay in control of your spending.

– Avoid making impulse bets. There is a lot of temptation to make impulse bets. Playing with your emotions can often lead to financial losses, which can be difficult to recover from. So it is not advisable to gamble if you are feeling stressed or upset, as your emotions may cloud your judgment.

– Only bet on trusted, legitimate sites. There are many scams and illegitimate sites out there, so it’s important to do your research before signing up for an account. Make sure the site has a good reputation and is licensed and regulated by a reputable organization. Also, choose a reputable site with good customer service. If something goes wrong or you have a question about your account, you’ll want to be able to get help quickly and easily. Make sure the site has security features in place, such as SSL encryption. One of our highly recommended baccarat sites is

– Make sure you understand the rules of the game before playing. When playing online casino games, it’s important to understand the gameplay before making a bet. Different games have different rules, and it’s important to understand how the game works before laying down any money. This will help reduce the risk of making costly mistakes while playing.

– Take a break from gambling if you start to lose money consistently. When you find yourself consistently losing money at online casinos, it might be a good idea to take a break from betting altogether. This will help you avoid spending any more money than you need to. During this break, you can focus on learning more about the games that you’re playing and on finding new online casinos that offer better odds. This will give you time to reassess your gambling habits and make changes if needed.

These are just a few tips on how to manage your money when playing online casino games. By following these tips, you can avoid going into debt and losing more money than you intended. In addition to all these, the fun and convenience factor of online casino gaming is taken to a whole new level if the website that you decide to play on employs the services of an SEO iGaming company. That’s because chances are, compared to other online casinos, it has a better overall user experience due to enhanced loading page time, web navigation, and the like. Be responsible and have fun. Always remember to have fun and gamble responsibly!​

What You Need To Know When Applying For Education Loan

To get into your dream college, university, or even to study abroad, it needs hefty fees. Many students aspire for higher education either abroad or in top colleges in their own country. Still, despite being good at studies, some poor children cannot take admissions in such colleges or universities. Have you ever thought about why it is so? This is because of the very high fee demand of the colleges for admission.

So, to prevent these scenarios, banks grant education loan for the needy and potential students to get their admission to the best college, for which they have worked day and night. Due to this facility, every student who wants to pursue either a management course or any other course can study wherever they want. So, if you too want to take this opportunity, you must first understand its policies and overviews.

Eligibility Criteria

Banks, whether public or private, have their specific terms set for working. If you want to apply for education loans, you should go through the eligibility criteria for students. First of all, you must be an Indian citizen. And second, earlier or recently, you must have taken admission in any of the authorized colleges.

Moreover, if you are just a student and do not have any specific job, your parents or even a sibling can be registered as your co-applicant. Co-applicant is necessary because if you fail to repay the loan, they will be asked to reimburse those debts. Generally, banks do not ask for collateral if the loan is of up to four lakhs, but higher than this amount, collateral is compulsory.

Understand The Interest Rates

Every bank allows different education loan interest rate in India, depending on the loan amount. Therefore, before deciding on one place, know all available loan options, and then evaluate and compare them. Most banks provide loans of up to four lakhs at an interest rate of 12 to 15 percent. If you demand a loan for a higher amount, i.e., more than four lakhs, then the bank may offer you the loan at lower interest rates. But you will have to bring one guardian, who can be either parents or siblings.

Know The Repayment Tenure

Similar to the interest rates, various banks offer repayment tenure differently. There are several options available, and thus, you should first know their repayment tenure along with interest rates for a particular loan amount. And then confirm your decision based on repayment tenure. Banks mostly allow three years of the term to repay your debt for up to four lakh. But for a higher amount, it may extend the repayment period from 6 to 7 years.

Choose The Term Wisely

For the repayment option, students must apply for a longer tenure loan so that they are not forced to pay the heavy EMIs. A longer duration loan will lessen the burden of paying debts on students, and also, till that time, students will be able to earn their own money. Though it will be the beginning of the career, and with that earning will be less, thus longer tenure loans will require less EMI to pay. Therefore, choose wisely the term of 10 to 12 years of repayment so that you do not fall in defaulter lists.

Maintain Your Credit Score

While giving education loans to students, the bank generally considers the credit scores of the student. They check if there is any outstanding loan in the name of the applicant or even on the co-applicant before they sanction an education loan. So, if you have taken any loan earlier, make sure that you have built your credit score properly, and at present, you are not under the burden of any existing debt.

Look For Special Schemes

Some banks have special provisions for students. Some banks offer special discounts on interest rates to female students. Do ask the bank officials for any subsidies that you might be getting due to the educational institution you are enrolling yourself.

Read All Documents Carefully

After finalizing the loan amount and interest, do look for any special conditions that are attached to it. Understand all the terms and conditions like the cycle of EMI and your mortgage and then make a decision.

These are some of the things that you need to keep in mind while applying for a student loan for yourself.


3 Industries That Could Make You Rich

If you are like many others and are constantly thinking of ways you could make more money, you probably have done some research to try to figure out what type of career change you should make, trade school you should enroll in, stocks or businesses you should invest in, or industry you should keep an eye on. The problem is, that the highest paying jobs as well as the most lucrative industries are constantly changing, so it’s hard to know if the choice you make right now will turn out to still be a smart choice in a decade or two. If it’s big dollar signs you’re after, and you’re willing to take a bit of a gamble, here are 3 industries that could make you rich if you invest in them right now.

Oil And Gasoline

It’s no surprise that the oil and gas industry is one of the most lucrative out there. There is a limited quantity of oil in the ground, and therefore the price of it is always rising and will continue to rise. If you are able to get in now, you will definitely be able to cash in later on. Considering a career or investment within this industry can be a very smart choice. If you make it now, your future self will thank you!


Of course, the tech industry has to be on this list. Tech has proven to be one of the fastest growing and highest paying industries in the world over the last few decades. In fact, the richest people in the world are all CEOs of big tech companies – ones you probably utilize the services of on a regular basis. If you don’t mind going back to school for a specialized degree and working your way up from the bottom, a job in tech might be for you. Alternatively, you should consider investing in new start-ups. You never know which one will be the next heavy hitter, and if you invest in the right one it could make you very rich in a very short amount of time.


The beer, wine, and liquor industries are thriving now even more than ever before, and this trend shows no signs of slowing down anytime soon. Pandemic or no pandemic, people seem to have a need for alcohol and they are willing to go out of their way to purchase it. If you work in or invest in beer, wine, or spirits, you are likely to make a good living, even if it takes a little while for you to get there. If it also happens to be something you’re really passionate about it, even better!

Getting rich should not be the only thing you’re focused on in life, as of course there are more important things than money. However, if you want to make a lot of money, it will require making some good decisions. Consider these industries when making those and you may find yourself better off.


How to Make More Money as a Mom

Making money and motherhood are not often thought of as going hand-in-hand. However, as a mom, you can achieve financial independence alongside meeting the needs of your child. To do that, here are some of the best ways that you can increase your income as a new mom- and give your kid the best life possible.

Change Your Career

Many moms put their careers on hold until their baby is born and for some time afterward, which gives them time to bond with their baby and to deal with any health issues that pregnancy may present. However, this time can also be the perfect time to commit to a career change which will see you earning much more in the future. So, rather than planning to return to work once your child is older, you should instead decide to go to work in a completely different capacity. Some of the highest paying roles that you can choose from include those in healthcare and law, as well as marketing, although some people are also starting to make large earnings by working in tech and computer science.

Find the Right Online Degree

Whether you want to change your career completely or simply get a promotion, having the right qualifications to your name can help you with this. Having good qualifications can allow you to apply for high-paying jobs that have previously been barred to you, as well as leadership positions within your industry. Maternity leave is also a perfect time to take one of these online degrees as, before the baby is born, you might have a lot of time to yourself, or will be able to spare a few moments without being distracted by your work to-do list. However, to make sure that you are taking a degree that will open up high salaried positions, you should compare the types of qualifications to find the best option for you. For instance, if you are planning to get a healthcare qualification, you might need to decide between a DNP and a Ph.D. Both of these offer you the most advanced education in nursing that you can get, although PhDs focus on academia while DNPs get you involved with providing quality healthcare.

Start Up a Home Business

If you struggle to balance your career with parenting and still want to make more money, you should consider starting up a home business. Home businesses are perfect for moms as they allow them to generate an income without working around school hours or heading out to the office every day. There are many options that you can choose from when you are setting up a home business, and some of the best choices for moms include baking and crafting companies, selling white goods and third party products online, becoming a consultant, offering childcare, and managing social media marketing or events. You could even decide to take on freelance projects, such as translating documents and designing websites and graphics, if you are ready to rely entirely on yourself. To run this business successfully, you may need to transform an area of your house into a comfortable and peaceful home office away from the mayhem of the more kid-friendly spaces within your home.

Get a Part-Time Job

Even if you are a mom, you will not likely spend every moment of your day with your kids, especially if they are of school age. So once they start to become slightly less dependent on you, or if you can arrange appropriate childcare, you should consider getting a part-time job where you can make a small income while still being there when your kids need you. For instance, you might consider being a lunch assistant at your local school, working in retail or hospitality, being a tutor, or even walking pets while their owners are at work. You may even be able to make this job full-time once you are ready to return to work.

Invest Your Money

If you are looking for a passive way to make a larger income, though, you should consider investing your money shrewdly. Investments do not always pay off, so you should make sure that you do a lot of research into the type of investment that you want to make before you do anything. However, putting money away through investment could allow you to grow your funds and have the money you need to support your kids in the future. Some of the safest investment options that you can pick from include real estate, savings, corporate bonds, and money market accounts.

Speak to Your Manager

The only way that you will be able to increase your wage at work, though, is to speak to your manager. Asking for a pay rise or a promotion is sometimes the only way that you will be able to get it, especially if there are no widely advertised positions available at the current time. However, speaking to your manager will enable you to log your interest in taking on more responsibility and getting a higher wage, and you may be able to prove to them why you believe that your expertise are worth more money. However, you should always have a backup plan in case they say no.

Hone Your Skills

However, if you want to get a higher income from your job, you should consider honing your skills, which you can do at any stage of your career. For instance, you might decide to learn completely new skills that you could apply to a job within your industry, or you might simply use your time as a mom to improve both your hard and soft skills. This will make you more in demand as an employee and will allow you to get yourself into the running for the next promotion at work, no matter how much you have taken off to enjoy being a parent and look after your child and yourself.