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Interest on Debt Is Cancel-Able

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Interest Is Cancel-able.

We all appreciate the fact that we may purchase a car and a home without cash, and pay for this car, home, furniture and boat over time.

Banks love helping us to make major purchases by loaning us the money to do so. Banks are in business to make money by charging us interest on the money we borrow. That interest may be 2% to 25% depending on your credit score.

Fact: the average person spends 34.5% of their income on interest!

The purpose of this article is to show you options you do have to cancel / reduce interest you are paying on all loans. There is an alternative to living in debt.

Option 1.

Debt reduction. This is basically accumulation of your credit card and car loans into one package.

Result is you now have one payment to one loan provider, giving you a manageable affordable monthly payment. The downside is you are starting all over in the process of paying off your debts. The biggest downside is that most people will now begin to use the paid off credit cards and increase their debt. The habit of overspending has not been broken.

Option 2.

Refinancing your mortgage. The benefit is that you may get a lower interest rate and also a lower monthly payment.

The good side is that your mortgage is now affordable. The downside is that you are starting your mortgage payoff time all over again, whether that be 15 years or 30 years.

Note that refinancing your mortgage does touch your other debts such as car loans, student loans or credit cards. You still have these same debts and monthly payments.

Option 3.

Mortgage Bi-weekly payments. This will cancel some interest by paying of your mortgage in less time by adding one extra payment per year. Result is a 30 year mortgage would be reduced to approximately 24 years.

Option 4.

Extra payment made to mortgage and / or credit cards and / or car payments.

It is true you may put additional money to these debts at anytime. It is a good place to put your tax return income or other bonus income you may have available. This will reduce the overall interest you are paying on these loans.

Option 5.

Worth Account. Wealth strategy ensured with award-winning technology. Think of managing your financial matters as with a GPS system that maps the shortest, most-effective route to your goal. Should you miss a turn, make a detour or take an alternate path, the Worth Account from Worth unlimited recalculates and guides you back on track.

Imagine a GPS system that tracks where you are in relation to your finances plans. This system lets you better understand your income and your expense flow, then plan and “game out” financial scenarios such as the purchase of a new car, other credit decisions and the investment opportunities so you can understand the effect they will have on your finances and future. – Personal Real Estate Investor – Dec 2014

`This program guides you in making all financial decisions. The result is that you may pay off all of your debts, including your mortgage in ½ the regular time or less, using the cutting edge, 21st century financial solutions! Using this program, most clients are able to pay off their 30 year mortgage in as little as 9 to 15 years – plus all other debt.

No refinancing, No loan modification and No lifestyle change.

The worth account system is an excellent program for seeing into your financial future based on what you are doing today. It takes the guesswork out of financial planning.

Benefits of this system are:

1. Save thousands of dollars on interest paid

2. Be debt free in 1/2 to 1/3 the time

3. Visually see the results and impact of every purchase and financial transaction

4. Know the true cost of each purchase before you buy.

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Whale Alert Traces 6,000 ETH Transferred From Unknown Wallet

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Whale Alert- 3,200 ETH Transferred to Unknown Wallet
  • In the past 24 hours, Ethereum is down almost 15%.
  • The transaction happened on Sat, 22 Jan 2022 13:30:46 UTC.

Whale Alert reported a staggering total of 6000 ETH, worth 14,963,907 USD, transferred by a whale through an unknown wallet. Transaction data shows that the transfer was made from an anonymous wallet to Binance. In the past 24 hours, Ethereum has lost almost 15% of its value after it retested the $3280 region a few days ago. Furthermore, it was the weekend; thus, a lower volume is expected than on weekdays.

Read More: Ethereum Price Prediction

There is no guarantee that the market will move in a certain way. Current Ethereum 2.0 constraints, a significant barrier for both consumers and developers, are anticipated to be addressed in version 2.0. In addition to enhancing the network’s performance, efficiency, and scalability.

Whale Alert

In its databases, Whale Alert compiles all of the transactions from various blockchains, analyses them, and then saves them in a uniform style. With the aid of artificial intelligence, these databases are regularly updated manually with information about thousands of known individual addresses, email exchanges, and other types of addresses. On its official Twitter account, it shared the information.

Hundreds of millions of dollars of ETH are being moved by crypto whales. The Whale Alert monitoring and analysis tool initially discovered the large crypto transfer. According to Whale Alert data, the transaction happened on Sat, 22 Jan 2022, 13:30:46 UTC.

According to CoinMarketCap, the Ethereum price today is $2,352.17 USD with a 24-hour trading volume of $30,582,551,275 USD. Ethereum has been down 15.33% in the last 24 hours. 

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Central Bank Digital Currency (CBDC) On the Cards As U.S. Fed Asked to Submit Reports

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Bitcoin (BTC) Prices Hold Steady After a Severe Turmoil
  • A government-wide plan for digital assets is the first of its kind.
  • Federal Reserve would have to work out the kinks to satisfy both parties.

To stay up with private-sector payment innovations, the Federal Reserve on Thursday initiated an assessment of the possible advantages and dangers of creating a U.S. digital currency. The Biden administration has outlined a U.S. Crypto Policy, and now it plans to follow suit with an executive order that will be issued in February. Federal agencies will be required to submit reports. A government-wide plan for digital assets is the first of its kind. Federal authorities will investigate the dangers and possibilities.

Congress and The White House

Intense discussions are taking place at the highest levels of government to devise a comprehensive approach to Digital Currencies. The design is nebulous and difficult to interpret. According to some analysts, Federal Reserve officials have made a few hesitant measures towards forming a CBDC. Congress and the White House both have to be satisfied with the CBDC’s design before it can easily transition into payment and banking systems without causing any problems.

In order to get the support of both the executive and legislative branches, the Fed will have to figure out how to develop a central bank digital currency (CBDC). Consequently, Federal Reserve officials seek a formal statute permitting the creation of a Crypto policy.

Congress would welcome a CBDC, but the Federal Reserve would have to work out the kinks to satisfy both parties. According to Senate Financial Committee Chairman Sherrod Brown (D-Ohio), this is an essential step towards creating a U.S. based digital currency that will let more people participate in the banking system.

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SHIB Army Eagerly Waiting For Shiba Inu Listing on Robinhood This Year

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Shiba Inu Listing on Bitstamp Postponed to 2022
  • Only seven coins may presently be traded on the platform. 
  • More than 500,000 people have signed a Change.org petition.

At the end of 2021, Shiba Inu Coin surpassed 1 million holders, and it surged swiftly after that, just to fumble to the recent crypto market crash. SHIB holders are looking to Robinhood to complete their listing collection after getting a Coinbase listing in September 2021 and subsequent listings on Kraken and CoinDCX.

By the end of January 2022, Robinhood will not support the Shiba Inu coin and has not confirmed any intentions to list SHIB. Only seven coins may presently be traded on the platform. Prospective SHIB holders will instead need to seek SHIB on exchanges such as Binance, Coinbase, Gemini, and others. In the SHIB community, rumors of Robinhood’s support for SHIB are commonplace. Rumors, on the other hand, are often just that.

Demand is Clearly High

Robinhood’s intentions for a SHIB listing are unknown, but the demand is clearly high. More than 500,000 people have signed a Change.org petition requesting Robinhood to include SHIB in its product line. According to the petition, the success of Robinhood’s Dogecoin listing shows that SHIB has the potential to be just as successful. 

On Shiba Inu, Robinhood CFO Jason Warnick is the most recent formal remark. During the Wall Street Journal CFO Network Summit, Warnick was questioned about new listings and Shiba Inu.

Warnick said:

“It’s not lost on us that our customers and others would like to see us add more coins. We’re a highly regulated company in a highly regulated industry, and we think it’s important that we get a bit more clarity from regulators.”

It’s hard to accurately predict when SHIB will be listed on Robinhood, but the SHIB army can hope it’s this year.

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