Why Everyone Should Strive To Pay Off Their Mortgage Quicker

September 30, 2021 The Silo Leave a comment

Lots of people struggle to get a mortgage in the first place. It’s especially hard now because homes are so expensive. You start to think you’ll be paying off your mortgage for the rest of your life.

Luckily, your finances will probably improve considerably over time. When they go up you should look into paying your mortgage early. Let’s look at some of the top reasons why it’s something you should aim for in the future.

Extra Money To Enjoy Yourself

If people need to take out bad credit loans in Toronto, ON, they won’t have lots of disposable income. When you don’t have great credit you can’t enjoy yourself, but that’s not the case when you’re older.

When you have more disposable income after paying off a mortgage, you’ll have much more money to spend on luxuries. If you need to keep paying a huge chunk of your income towards a mortgage your life won’t be as fun.

Saving Lots Of Money In Interest

Once you walk into Clover Mortgage Brokers in Toronto & GTA, they’ll let you know how much you can spend on a home. But it’s going to be a lot more over the lifetime of the mortgage due to interest payments.

When you pay interest on a loan, it makes up a big chunk of your monthly payments in the beginning. The amount of interest you pay drops over time, but if you pay off the mortgage early you’ll no longer have to pay it.

Why Choose a Mortgage Broker in Canada? | Hatch Mortgages

It Eats Into Any Debts You Have

Over the course of a lifetime, couples can generate a huge amount of debt. College tuition, car payments, and credit cards can sometimes be quite high. These debts won’t disappear once you pay your mortgage.

Fortunately, once your mortgage is gone you’ll be able to focus 100% of your efforts on your other debts. It will take you one step closer to becoming debt-free, so you’ll have one less thing to worry about.

A Mortgage Is A Secured Loan

When you take out a mortgage it’s classified as a secure loan, which means when you don’t pay the loan they’ll be able to take your home away. In a perfect world, you’ll have as few secured loans as possible.

You could pay a credit card instead of a mortgage, but it would mean they could take your home. Even though you won’t miss your credit card payments, they couldn’t take your home even if you did completely ignore them because a credit card isn’t classified as a secure loan.

It’s Easier To Enjoy Retirement

Nobody should have to pay debts when they’re retired. Sadly, so many people are struggling now, so it’s much more common than you think. It will eventually start to hurt your mental and physical health.

How can you enjoy retirement if you’re always worrying? Maybe you’ll even have to stay on at work because you can’t afford to retire. Pay off your mortgage to ensure you don’t have any stress when you retire.

Debt Isn't About Right Or Wrong - It's About Freedom

Don’t Leave It Too Late

Nobody is saying you should try to pay off your mortgage as soon as possible, but it’s something you’ve got to start considering as the years go by.

Finance

Influence of COVID-19 on luxury refurbished market

September 25, 2021 The Silo Leave a comment

The luxury market was one of the most adversely affected industries during the pandemic.

Between 2020 and 2021, people were stuck in lockdown to help prevent the spread, and as a result did not have a reason to go out purchasing luxury products.

This naturally affected the sales of the luxury market, as jobs were being lost and the priority shifting from spending money to saving money. Luxury products are still desired, however getting access to brand new products was not manageable for the vast majority. This is where the business model, coined by Simon Kronenfeld came into play, which helped more individuals get access to luxury products.

If you’re wondering who Simion Kronenfeld is, he is a business expert known for his revolutionary approach of re-selling refurbished products.

His business model had a strong impact towards the luxury market. Prior to 2001, consumers were only able to gain access to new luxury products and if the products had any damages they would be returned to the company. This created a problem as the company could no longer sell these unpackaged products. Nevertheless, Simon Kronenfeld found a solution. (Kronenfeld is a man with humble beginnings, who came from Israel to Canada and started off as a dishwasher.) In 2001, Kronenfeld founded Electronic Liquidators, which not only revolutionized the electronics market, but the entire resale market, which had a tremendous impact on the luxury market.

Kronenfeld.

Simon Kronenfeld discovered that up until 2001, nobody was working on repackaging the products that were returned to a company.

Recognizing this gap in the market, Kronenfeld started his very own business focusing on this sector specifically. Simon Kronenfeld started repackaging the products that were returned to a company labeling them as refurbished products. These refurbished products were then sold at the second-tier shops, transforming these financially burdened products into a multi million dollar business in just the span of two years. This same business model was replicated by many other companies following the positive impact this model brought both on a financial level and on an environmental level. In this day and age, sustainability is everything, so this concept has become a multi million-dollar formula for businesses. In fact, most companies are now earning billions of dollars annually by repackaging the return products and selling these refurbished products.

This had a massive positive effect on the luxury market, as the luxury market was losing millions of dollars every year because of returned products.

Now, however, revenue could be generated from refurbished products, and turn a profit. There are a lot of platforms online that promote luxury resale at much more affordable costs, benefiting all parties involved, especially now during the pandemic where people are not actively buying new luxury products, opting for refurbished products seems to be the best solution since they come at more affordable prices yet still offer the practicality.

While a number of industries were negatively impacted, the refurbished market mitigated the losses in the luxury market while also offering sustainability. The refurbished market focuses on a big portion of the population in virtually any country, as in reality a tiny percentage of the population is able to indulge in these luxuries. This model gives more people access to a higher lifestyle for less, while still expanding the business market and creating more jobs as a result of this niche. These refurbished products are much more appreciated in common households and provide a good source of revenue to the sellers capitalizing on this market and offering a win-win situation. For the Silo, Michael Adams.

Gaming

Beginner’s Tips To Basketball Betting

September 17, 2021 The Silo 2 Comments

Basketball is one of the most popular sports in the world. Also, the NBA is one of the most widely celebrated tournaments in the world. Who can forget Jordan’s heroics in the 80s or Black Mamba’s magic in the early 2000s? No one can resist powerful LeBron James shoots or his clever dunks or false shots. 

The huge fanbase of basketball also attracts bookmakers and seasonal bettors who look for an opportunity to make money. You can also utilize this game to your advantage, and win some money over the top. If you are a beginner, here are some life-saving basketball betting tips for you.

Image Credit: Pixabay 

Points game

You will come across two kinds of team strategy in a basketball team. The first kind is the team that makes most of their points through center-court or 3-pointers. These teams look for big advantages but have a higher chance of falling in a cold streak. The 3-pointer strategy is reliable if you are looking to bet for the upsets. 

The second is the team that drives up to the paint and shoots the basket. Such teams are consistent in gaining points and are at a lesser risk to fall into the cold streak. Points in the paint strategy are more reliable than the 3-pointer strategy. 

Therefore, if you want to play at a minimum risk, bet your money on the team with points in the paint strategy. Remember, you will have to do proper research to understand each team’s natural game. 

Keep an eye on the team schedule 

Team schedule is very crucial to understand the players’ psyche and physical condition. Although professional players are trained to manage their load well, they can still fall prey to fatigues and jet lags. 

For this reason, look at the weekly team schedule to understand how many games the team has played. If it’s the latter half of the week, the players are most likely to be fatigued. Additionally, location and season progress also play an important role in determining the fatigue level. 

If the players had to travel cross-country for 2-3 games, they are most likely to be tired, which will slow their game. Also, if half of the season is already done, fatigue will start to make a huge impact on players’ agility and reflexes. You can use this opportunity to place a calculated bet. 

Image Credit: Pixabay 

The game of Road favorites

Road favorites are decided by the oddsmakers, bookmakers, and game analysts. Before every game, you can check the road favorites and place a bet accordingly. However, look at the past games of the road favorites. You can easily check road favorites when participating in online basketball betting. 

If the past game indicates an embarrassing loss by 15 points or more and still the team is picked by oddsmakers, it means that the team is talented and has the capacity to win big. Also, road favorites after a blowout loss are expected to make a strong comeback, which has been true 60 percent of the time. 

Look out for home underdogs 

Home games have always been the center of emotion in every sport. Every team wishes to win on their land and in front of their true fans. Therefore, when placing a bet, take the home game factor into account. 

Even if a team is 10+ points underdogs, it has the capacity to win. Such teams rest their premium players in the first half to make a strong comeback in the second-stringer. Home underdogs do not look for spread, they only play to win. 

Sci-Tech

Google and Microsoft products accumulated the most vulnerabilities in H1 2021

September 16, 2021 The Silo Leave a comment

Cybercriminals are constantly attempting to exploit vulnerabilities that affect as many people as possible to maximize their profit opportunities.

According to the recent Atlas VPN team findings, Google and Microsoft accumulated the most vulnerabilities in the first half of 2021. Although not all exposures can cause critical damage, hackers could exploit some of them for severe attacks.

HSE cyber-attack: Irish health service still recovering months after hack - BBC News

Google had 547 accumulated vulnerabilities throughout the first half of 2021. Exploiting Google products like Chrome is popular among cybercriminals. Next up, the second most exposures were found in Microsoft products — 432. State-sponsored threat actors from China abused Microsoft Exchange Server vulnerabilities to carry out ransomware attacks.

Microsoft accuses China over email cyber-attacks - BBC News — Microsoft accuses China over e-mail cyber attacks. Image; BBC News

Oracle registered 316 total vulnerabilities in the first six months of 2021. Usually, the exploits are found in Oracle WebLogic Server, which functions as a platform for developing, deploying, and running enterprise Java-based applications.

Networking hardware company Cisco accumulated 200 vulnerabilities. Lastly, the producer of software for the management of business processes SAP had 118 exploits in total. Cybersecurity writer and researcher at Atlas VPN William Sword shares his thoughts on Microsoft and Google vulnerabilities: “Exploiting vulnerabilities in Google or Microsoft products allow cybercriminals to probe millions of systems. While the tech giants are doing a fair job of keeping up with exploits and constantly updating their software, people and organizations need to follow suit and keep up with the updates to prevent further exploitation.”

Vulnerability tiers

Exploits that can be turned into a severe attack get more attention from cybercriminals and companies themselves to fix the flaw as soon as possible. In the first half of 2021, there were 1,023 vulnerabilities found with a risk tier of 10.

One of the exploits that applied to such a tier is CVE-2021-22986, with a score of 9.8. National Vulnerability Database (NVD) issued risk tier 9 to 927 vulnerabilities. At this tier, exploit CVE-2021-28111 stood out with a score of 8.8. NVD recorded most vulnerabilities at a risk tier of 8 — 2,164. A notable exploit was CVE-2021-24092, with a score of 7.8. Finally, NVD recorded 501 vulnerabilities at risk tier 7. While second-most vulnerabilities — 1,765 — were found at tier 6.

google-and-microsoft-accumulated-the-most-vulnerabilities-in-h1-2021

Finance

Interactive NFT collection goes live in 3D world to reflect crypto history

September 8, 2021 The Silo Leave a comment

CryptoTale has launched first of a kind non-fungible token (NFT) collection display which uses WebGL technology to allow a game-like 3D world experience to browse the artworks.

The collection initially launched with six custom NFTs including Rat Poison, Your Funds are SAFU, To The Moon, Bitcoin Pizza, Bitconeeeect, and Mt Gox. Each NFT is currently being auctioned and interested participants can bid from as low as 0.01 WETH.

The 3D artworks are reflecting events in cryptocurrency history like the infamous comments by billionaire investor Warren Buffet terming Bitcoin and cryptocurrencies as rat poison. The ten thousand Bitcoin pizza etc.

Overall, the auctioned NFTs are offering their potential collectors a piece of cryptocurrency history in a scarce virtual space. Since there are plans to convert game-like world’s land itself into NFTs. Essentially allowing other artists to potentially place their artwork on the same ground.

To bid for the artworks, interested parties can access the collectibles through OpenSea, the world’s largest NFT marketplace.

With the NFT market growing rapidly globally, CryptoTale plans to add more artworks in the future through collaboration with artists from different disciplines. The author behind the auctioned NFTs remains anonymous.

In recent months, NFTs have grown in popularity, with creators relying on the transformative role in ownership, commerce, and how creators connect directly with buyers, fans, and collectors.

Gaming

SGPN OFFERING $100,000 CASH TO NFL SAVANT WHO CAN DELIVER WEEK ONE PICKS PERFECTLY

September 2, 2021 The Silo Leave a comment

LOS ANGELES, CALIF. — Sports Gambling Podcast Network™ will launch the new National Football League season with a free $100,000 usd contest for its consumer audience, rewarding the person who picks all 16 games against the spread and hits on six of six over/unders from Sept. 9-13.

The contest began officially began yesterday, and fans can enter on the SGPN App, which is available on all devices and is downloadable at Apple’s App Store [1], the Google Play Store, and from www.SportsGamblingPodcast.com [2]. SGPN is the only independently-owned and operated sports gambling media network that places a premium on entertainment value.

The no-cost app, which debuted in June, includes content for sports wagerers on the move from over 45 SGPN writers and personalities plus exclusive access to multiple, free audience contests, now including the $100,000 Week 1 NFL Challenge.

In accordance with contest regulations, only one entry is permitted per person and the total number of eligible participants is 5,000.

https://youtu.be/yX8amLVHIuc

“Our audiences are loyal and they deserve the opportunity to convert a big payday,” stated Sean Green, SGPN co-founder, CEO and co-host of the popular Sports Gambling Podcast . “Interest is at a fever pitch now with preseason games in the books and the level will reach its apex that second week of September when the new season commences. Winning the cash will require a little bit of luck, but our audience is savvy. We actually think someone will pull this off.”

SGPN is all over the upcoming NFL season, providing its audiences with insights, analysis and definitive selections non-stop during the pre-season window. On July 13-14, the unprecedented 24-hour Fantasy Football Draft by SGPN expert Ryan Kramer resulted in over 100,000 minutes watched and a 100% approval rating from the audience.

The most recent contest for app downloaders was an NBA playoffs contest with a $1,000 usd winner-take-all cash prize.

The winner identified the Milwaukee Bucks as NBA Champions and correctly predicted that the series would be over in exactly six games. The tiebreaker prediction of total number of points scored in those games was needed to determine the winner.

Green and Kramer were among a handful of sports wagering information providers who produced live shows concurrent with the first round of the NFL Draft on April 29, delivering a second screen experience to avid fans looking for real-time, expert analysis as they viewed the selections and engaged in live wagering on the many legal sportsbooks in the marketplace. The show was delivered from SGPN’s new ultra-high definition 4K studio and resulted in substantial growth in viewership minutes over the 2020 show.

In all cases, Green, Kramer and the Sports Gambling Podcast Network of writers and personalities provide analysis, picks and best bets free of charge.

About SGPN

Sports Gambling Podcast Network™ was established in 2011 as one of the first website/digital media platforms to provide consumers with an entertainment experience featuring sophisticated insight and analysis plus definitive wagering recommendations and selections across the full spectrum of legally-available sports. Co-founded by sports and entertainment personalities Sean Green and Ryan Kramer, it is home to the Top 40 All-Time football podcast (per Chartable.com) Sports Gambling Podcast, one of 11 separate podcasts.

The website, www.sportsgamblingpodcast.com [2], boasts over 50 contributors delivering editorial content and social media postings under the SGPN banner.

The platform generates millions of unique page views and podcast downloads annually and remains a primary destination for the burgeoning population of sports fans across America and around the world. In addition to his stand-up comedy act, Green is an accomplished TV comedy and script writer with credits including MTV’s Ridiculousness and Nickelodeon’s Crashletes with Rob Gronkowski.

He has also anchored several sports wagering and fantasy sports shows for SiriusXM and ESPN+. Kramer is a SiriusXM contributor and a sports wagering marketplace influencer who specializes in NFL game prop bet predictions. He has multiple top finishes in the Fantasy Football Players Championship (FFPC) Main Event and registered a 14-6 mark last month with his Men’s NCAA Tournament college basketball locks.

SGPN is a member of the Fantasy Sports Gaming Association (FSGA).

The Silo

Monthly Archives: September 2021