The Internet of Things — maybe you've heard of the phrase, maybe you haven't. Maybe you've heard it muttered around the workplace as your colleagues talked about their new voice-activated devices.
The IoT has been growing steadily since the start of PCs and smartphones. From there, we've come out with more interconnected devices including smartwatches and televisions — maybe you've heard of our little friend, Alexa? Now, it's estimated that by 2020, there will be more than 24 billion IoT devices on the planet.
Source: BI Intelligence Estimates, 2015
However, IoT devices don't have to specifically be computers or screens really — they come in the form of our everyday devices. Smart cameras and water bottles can aid you at the beach while smart plugs and safes can help you out in your dorm or apartment.
Thus, IoT isn't just about the interconnection of devices anymore — it's about the way we live and think. When you build a smart home, you're not just using devices — you're a part of them. You think of ways to program your lights and AC that's not just shutting the blinds or pressing buttons on the wall.
Same with the way we learn — more and more schools now are incorporating tablets and interactive smartphone lessons into the classroom. Teachers can cut down on interruption time from transitioning, distributing and other menial tasks along with saving textbook resources.
But, how did we get here? Who decided that IoT was worth discovering and promoting?
According to 2014 Goldman Sachs and BI Intelligence Estimates, the average price of IoT hardware has been dropping and businesses will be the top investor of IoT. Also, agricultural companies, doctors, oil companies, insurance companies, retail, government and many more sectors are all increasing their use of IoT devices and sensors.
However, there are also very serious concerns about privacy and security, according to BI Intelligence. Hackers can easily get into accounts because IoT devices lack cybersecurity protections. This concern is oftentimes associated with government projects and can be possible even with self-driving cars.
But don't worry, engineers are working on the kinks in the system. In the meantime, you can keep up with IoT news from various tech websites, but you can also consult your friends, family and acquaintances.
If you're looking to build up your "smart life," most IoT devices have a home base on a smartphone — so start your build up there if you haven't already. IoT will definitely make your life easier and better — get on board before it's too late!
- A Simple Explanation Of 'The Internet Of Things' ›
- The Internet of Things Is Far Bigger Than Anyone Realizes | WIRED ›
- The Internet of Things | McKinsey & Company ›
- What is Internet of Things (IoT)? - Definition from WhatIs.com ›
- What is the Internet of Things? Definition, Industries & Companies ... ›
- the internet of things | IoT council, a thinktank for the Internet of Things ›
- How It Works: Internet of Things - YouTube ›
Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.