emmaparker801, Author at Crypto Blog - By Cryptoknowmics


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I believe there are two kinds of people in the world. The first kind loves to spend, spend as much money as will make them happy. And the second category is the thrifty kind. These are the people who save as much as they can. They spend so little that by the time they will leave Earth, they will probably have saved a small fortune.

I want you to think which of these is the appropriate way to live and make use of your income? I have used the word necessary because no one can say either of these is right or wrong. One ideology can seem a little odd to you, and the other may be your ideal, but none is wrong.

Once you have thought of an answer, I want you to imagine a scenario. Imagine you won a billion pounds in the lottery, I know it is impossible to, but still, humour me. So, you have a total of £1,000,000,000 in your bank account; that are a lot of zeroes. Now, which living style would you follow, being a spendthrift or still be austere with your spending?

I think for some, the answer may have changed, and that is completely fine. Your real line of thought just let itself out of the bag. Now, let us find out how both work.


Almost half of the population of the world follows the living style of being prudent with their expenses. Majority of these people are above 40. Some say it is because people after a certain age develop a maturity level that is unfound before that. Therefore, they only focus on the essential things in life and not on material belongings.

These people live pretty sheltered lives, and their reasons will make it seem logical.


The first reason for this ideology is pretty apparent. By spending less, you will save more. As a result, you will never have to ask for money or get a loan from a lender like London Cash Lender because you have saved up for that situation. It means that people with this mindset would never have heaps of outstanding credit card payments because they never spend that much.


A prudent being does not focus on the unimportant things in life. The latest version of the iPhone or a brand new car is not something he desires after. The elements of significance for him are his values and his family. As a result, these people tend to have better relationships. It is because they give them the mandated time and efforts, instead of lusting after their next purchase.


Every person in the world knows that the future is uncertain. We do not have the means or the power to predict it. However, we can be prepared for it. A way to do so is to be financially healthy. A bank balance can save you from the most crisis. Consequently, frugality makes you worry less and is great for your mental health.

Some associate are being thrifty to being cheap; however, that is neither correct nor sensible. It is a way of living that can be the best for the people practising it.


Let us do a 180-degree turn and move to the opposite spectrum of the spendthrift and the extravagant. These people are generally the ones who are in their 20s and 30s and frugality is a concept that is pretty foreign to them. They believe in living every moment like it is your last.


Enjoyment is the driving force of every purchase that a spendthrift makes.

  • Going out for drinks every other night with your friends.
  • Buying a new outfit every week for work.
  • Spending your income on everything that is latest in the market.

All these may seem trivial to many, but this can bring a lot of happiness to the spender. Showing off your colour-changing glasses to your colleagues and them appreciating and awing over them can make you enjoy your life far more than the ordinary pair of eyewear.


Every adult works for most of his life. The average age of retirement is 60 and people start to work at about 25. So, that is 35 years of working every day for 8 to 10 hours. What would be the purpose of this, if you cannot celebrate it by spending a little too much? Even if you go overboard one month, it is outstanding; the next paycheck can cover for it. The important thing is you celebrated yourself by letting loose, instead of being wound up like a tight cable. Hence, they are never sullied or upset, rather lively and vivacious.

Also Read: The Raging Battle Over Cryptocurrencies In India


I think the best trait of the spendthrifts is that they never settle for something by compensating. If they want to buy a Mustang, they will not let their budget constraint them and decide on a Volkswagen. Because they are like this for the mundane things, they are never satisfied by subpar results in their career or personal life as well. What do you think the outcome would be? Yes, their success rate is far elevated than the rest of us.

Yes, the spendthrifts may not have as much money as the other lot of population, but the fullness of their hearts and their wholesome personalities quickly covers for it.


In the end, I want you all to think of one thing whenever you want to spend too much or too little. And that is the fact that we only live once. Saving all your income or expending, all of it is entirely up to you. The former may make you productive with more money. The latter will fill up your plate with happiness. It is you who has to decide what is more important.

If you can maintain a healthy proportion of both in your life, then I would have to say some form of frugality can undoubtedly make you get all the riches in the world, and it is not a myth.

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Propel Your Business To The Next Level Through These Funding Options

All businesses need money to grow regardless of their size- big or small. To propel your business, you will need big investment, on the other hand, if it’s small then small funding will suffice your need. Overall, it can be said that a business cannot run without a capital infusion from time to time.

While getting financing for big businesses is quite easy these days, small businesses struggle to obtain funding for their operations. Small business owners understand that they need to put some money into their business before they start making a profit. In other words, they need a source of funding. It can be for anything such as developing a new product, expanding your business, making payments to your suppliers, etc. There are various options for raising funds for your small business.

One’s Own Investment

The first source of investment in your business is your own savings. If you have some then you can use that money for your business needs. In another case, if you are blessed with some good friends and have a supportive family, then you can ask them to give you a hand and invest in your business.

This type of investment can be good for you in the early phase of your business. But you have to proceed with some caution while taking this funding route. It is important to have the proper paperwork to avoid any conflict in the future.

Bank Loans

It is one of the oldest and traditional ways of getting finance for your business. Taking loans from a bank or financial institution can really help you to meet your needs. It is also a fact that getting loans from a bank is not an easy task and you have to do some hard work and keep patience. Banks or any other lending institutions don’t provide loans without proper diligence.

In order to secure a loan, you have to be ready with the following:

  • A lucid and brief business plan
  • How you are going to use the loan amount
  • A detailed repayment plan

This way you can successfully obtain a loan from a bank or other financial institution provided that you fulfill all the eligibility criteria set by them.

In case, you fail to obtain a loan from a traditional lender, you don’t have to worry about the future of your business. Apart from traditional lenders, there are other various means of getting loans such as private lenders, online lenders or direct lenders, etc. The UK’s lending market is full of these types of lenders and you can get loans from them easily. There are many types of loan products offered by them such as short term loans, long term loans, Loans for unemployed with bad credit no guarantor, etc.

Help From Government

The UK government has many schemes which provide financial aid for people who are looking to start a new business or planning to propel their business. You can get loans of up to £25,000 at a fixed rate of interest which is six percent annually. Apart from providing you loans, they also help you with business planning and how to expand your business. These loans are provided as an unsecured loan which means you do not have to provide any security or collateral.

The other option available is Innovate UK which helps businesses with funding to develop new products, processes, and services. You can go through it and check if you are eligible to get help from them.


It is one of the latest buzz words in the business industry. Many companies and businesses are taking this route to gather money for Propel their business.

In this type of funding methodology, you can ask the public to invest in your business. It works by taking a small amount of money from a large section of people. But you have to provide them something in return- either shareholding in your business or share of profits.

Most of the time, businesses choose to share in profits because it is very difficult to manage a large number of shareholders in a single business entity which is very small currently.

Final Thought

After going through all the available options for funding, now it must have been clear for you to decide. Hence, it will be better to assess your cash need properly and choose the option which suits you the best. You should stay away from taking unnecessary loans or money for propel your business because if you fail to repay on time, then it can have serious repercussions on your credit history as well as on propel your business.