Injured at Work? You Should Check If You Qualify for Full Compensation

Injured at Work? You Should Check If You Qualify for Full Compensation

Injuries at work are relatively common. When they happen, injuries can have significant implications to the employee. An injury can lead to significant consequences like blindness, broken legs or hands, burnt skin, and even death. There are many causes of injuries at work. For example, you can fall when the offices are being cleaned. An object can fall on you or you can even be cut by sharp objects especially when you work in a factory. In this article, we will look at what you need to do when you are injured at work.

Why You Might Be Injured at Work

As mentioned, there are many reasons why you might be injured at work. If you work at a factory, the sharp objects you deal with can cut you. If you work in a farm, you can be bitten by a snake or another animal. If you are a truck driver, you could be involved in an accident. If you work in an office, you could fall or an object might fall on you. If you work in a laboratory, you could be affected by the chemicals that you deal with.

A work-related injury can have a major effect on your health. This means that it could cause irreparable damage to your life. It could also lead to high hospital bills. Further, it can also cause you to miss hours at work, which will affect your compensation.

What to Do When You are Injured at Work

When you are injured at work, the first thing you need to do is to notify your employer or supervisor about the situation. You should do this even when the injury you have suffered is not all that serious. Reporting the incident will help the company to rectify the situation and prevent other injuries in the future.

If you are injured, you have the right to get medication from the nearest or your preferred hospital. The hospital will help you get treated and get the care that you need.

If the injury insurance handles the claim, you will be fine. However, since insurance companies are not fond of paying claims, you may need to contact an injury lawyer, who will help you prosecute the case.

Work Injury Compensation

When this happens, you are not liable for making the payments to the hospital. Most companies in the United States are required to have workers’ compensation insurance. This helps them to reduce their liability when their employees have been injured. This is because, in some instances, the liability could be so much. For example, if an employee gets cancer that is linked to the work, the company could be forced to make the payments. All states in the United States except Texas mandate companies to have such insurance.

Type of Employee Covered in Work Injury Insurance

As mentioned, employers in most states are required to have work-related compensation insurance for their employees. As an employee, there are a few things that qualify you to these schemes. First, if you an undocumented worker, the insurance does not cover you. States that include undocumented immigrants are Arizona, California, and Texas.

Second, the benefits do not cover you if you are an independent contractor. For example, if you drive a car for Uber or Lyft, you don’t qualify. This is simply because you are not an employee of these companies.

Third, other examples of work that are not covered are seasonal workers, agricultural workers, and domestic workers.

Final Thoughts

Work injuries vary. When they do, these injuries could have serious implications for your health and your livelihood. As such, when starting work in a company, you need to read the contract carefully to ensure that your role is covered. Doing this will help you be more productive at work. It will also help you avoid the risk of working in a company that does not have such insurance.

 

Know about Social Security Long-term Disability

Know about Social Security Long-term Disability

Long-Term Disability Social Security

Imagine this. As a young person, you went to school and studied hard. You went to college and completed the studies well. You then landed a great job, where you continued with your hard work. You made impressive progress and the company decided to give you a promotion. Then, bad things happened and you became injured and disabled. This is the darkest time of your life. In this article, we will look at the long-term disability social security,

What is Long-Term Disability Social Security?

The Social Security and Supplemental Security Income disability are programs offered by the federal government. They are offered by the Social Security Administration (SSA). These programs exist to help people who have gone through a challenging period and became disabled. There are two types of these social security benefits.

First, there is the social security disability insurance, which pays benefits to you and members of your family if you are insured. This insurance means that you have worked hard and paid Social Security taxes. Second, there is the supplemental security income, which applies based on the financial need.

How to Apply for Long-Term Disability Social Security

To apply for these benefits, you first need to know whether you are eligible. A good way to start is to check whether you are eligible for the benefits. The Social Security website has a lot of material on how to check your eligibility. You can use this link to check whether you are eligible by following this link.

You should then use the Benefits Eligibility Screening Tool (BEST) to check whether you are eligible. It is a relatively simple process that will take less than 5 minutes to complete.

You should then proceed with the application. If the application is rejected, you can appeal the decision by following this link.

Do You Qualify for Disability Social Security?

As you may have noted, applying and getting approved for disability social security benefits is not easy. Ideally, the government looks at several things. You are considered disabled if you meet three conditions. First, when you cannot do the work that you used to do because of your injury. Second, when you cannot adjust to other work because of your injury, and finally, when your disability is expected to last for a year.  To qualify, you must show that you have less than $2000 in assets.

In addition, the social security department asks five key questions to determine whether you qualify. In this, they ask whether you are working, whether your condition is severe, whether your condition is found on the list of disabilities, whether you can do the work you used to do previously, and whether you can do other types of work. You will need medical records to verify whether you meet these guidelines.

What is Disability Fraud?

As many people have realized, making false statements so as to get social security is a crime punishable by law. Therefore, it is important that you avoid making illegal statements. Some of the things that you should avoid when making disability claims are:

  • Misrepresenting the diagnosis or symptoms with the goal of getting the benefits.
  • Accepting the payments while also receiving other related benefits such as workers’ compensation or a private long-term disability insurance program.
  • Receiving payments when you have recovered from the illness.

Final Thoughts

As a worker, you never know when an injury could happen. This is why you need to do two things. First, you should verify that the company pays injury insurance. This insurance will help cover your medication when you are unable to work. Second, you need to ensure that you pay your social security taxes. If you don’t, you will end up suffering in case of an injury.

Different Opportunities to Make Money Online

Different Opportunities to Make Money Online

Many people want to know how to make money from home. A single search of the term make good money from home on Google presents more than 5.7 billion results. Today, millions of people in the United States and around the world are using the various methods to make a fortune working from home. In this article, we will present the best ways you can make good money from home.

Writing for Seeking Alpha

Seeking Alpha is the biggest website for crowdsourced investment ideas. According to Similar Web, the website attracts more than 23 million users, mostly from the United States. The company welcomes investment ideas from people from around the world. They then pay for every idea that is published. The guaranteed payment per article is $52. Writers then make $13 for every 1,000 views for their articles. This means that if an article is read by 10k users, the writer will make almost $200. The company also pays $1,000 for some select articles. In addition, users can create their marketplaces. Indeed, some writers are making more than $1 million a year from the platform.

Working on Upwork

Upwork is the biggest platform for freelancers. The company, which recently became public, has millions of freelancers from around the world. It has thousands of projects every day. These are projects from individuals and large companies like Microsoft and Uber. The website has tens of categories. This means that you can succeed regardless of your skillset. Some of the popular categories are content writing, app development, and web design among others.

Online Surveys

Companies are constantly in need of feedback from their customers. Therefore, they use free online survey websites to get this feedback from their users. Users are then paid a few dollars for their answers. Some of the most popular online survey websites you can use are Survey Junkie, Paid Surveys, and Opinion Outpost.

Dropshipping

Dropshipping is a concept that has recently been popularized by Soulja Boy. Soulja, who is one of the most popular rappers among the young people recently started marketing items ranging from gaming devices to jewelry to sneakers. Soulja does not manufacture these things. Instead, he sources them from Chinese manufacturers. Therefore, when users buy these items from Soulja’s website, they are shipped by their manufacturers. You too can start a store, negotiate with manufacturers or retailers, and market them.

Affiliate Marketing

Competition in many categories is rising and retailers are using various ways to acquire customers. One method that has become popular is affiliate marketing. Companies like Amazon, Target, and Macy’s are offering commissions to people who refer their audience to their companies and buy. You too can become a successful affiliate marketer. All you need is a good website that is optimized for search and a big social media following. You will be paid every time your user buys an item from these stores. Some of the best affiliate sites are Amazon Affiliates, eBay Partners, and Shopify Affiliates.

Blogger or Vlogger

A blogger is someone who runs a blog while a vlogger is one who has a video blog on platforms like YouTube. These days, bloggers and vloggers are making a fortune. A popular vlogger like Pewdiepie makes more than $20 million a year. These people make money from the ads they show on their platforms. You too can become a blogger or a vlogger or both. A good way to start is to establish your niche and produce quality content.

Video Game Player

These days, thousands of people are making money as online game players. Ninja, the highest-paid video game player makes more than $500k a month playing video games. If you too are interested in video games, you can start by creating your channel and monetizing it.

Hosting a Podcast

Audio has been said to be the future of the media industry. In recent years, the number of people listening to podcasts has increased to hundreds of millions every year. As a result, podcasters are making a fortune. Just recently, Spotify acquired popular podcasting group, Gimlet Media, for more than $200 million. If you are a good storyteller, you too can create your own podcast. All you need is good audio-editing skills, audio recording equipment, and a good story.

Online Entrepreneur

You can be an internet entrepreneur as well. This is where you utilize your skills to make money. For example, if you are good at search engine optimization or website design, you can create a good home business. You will use Google and social media platforms to market and promote your business. In fact, many successful businesses have been started by people who work from home.

Etsy Seller

Etsy is the largest marketplace for original art products like drawings, home-made clothes, jewelry, and toys. The company generates more than $600 million from its marketplace. You can easily start your own Etsy store and sell your products. You can use other marketplaces like Saatchi Art and Amazon Home Made to diversify your Etsy income.

Online Trader

If you are into finance, then you can make a lot of money as a stock and forex trader. To do this, you first need to know the fundamentals of the financial industry. You should then open an account with one of the leading brokers like Robinhood and Schwab and then start trading. For example, if you spend $1,000 to acquire the stock of a company trading at $20, you will have 50 shares. If the stock price reaches $30, you will have $1,500, which is a $500 profit.

Airbnb

Airbnb is a company that allows you to rent out your spare room to customers. This is a popular method for people with a big house. While the earnings differ, it is reported that most Airbnb renters make almost $1,000 every month. This is good money considering that there are relatively no costs to doing this.

Online Coaching

Today, most people are going online to learn new skills. In fact, the online learning industry is expected to reach more than $325 billion in 2025. If you have skills worth sharing, it is very easy to make money as an online educator. For example, you can create an Udemy account, upload your training videos, and you will be making money every time a student buys your courses. To succeed, you need to create courses in an industry that you know well. Also, you need to invest in a good video and audio equipment.

Deliver Products for Amazon

Amazon has become one of the biggest companies in the world. It is worth more than $886 billion. Part of the reason why most Americans use Amazon to shop is its time of delivery. Recently, the company launched a product known as Amazon Flex. The product allows anyone to deliver products that are bought on Amazon. On its website, Amazon says that users make between $18 to $25 an hour. This is much more than the average hourly rate in the country.

Uber and Lyft Driver

In recent years, companies like Uber and Lyft have disrupted the taxi business. Today, most people use these services to travel for short distances. If you have a car, you can enroll it on the platforms and get paid for all the trips that they make. In the US, the average salary for an Uber driver is more than $40,000.

Takeaway on Making Good Money From Home

It is possible to make good money online. Millions of people from around the world are using some of the methods explained above to make money. However, you should remember that making money from home is not an easy thing. It will take a lot of time, blood, sweat, and tears to make a substantial amount.

 

Using the VIX to Gauge the Stock Market Sentiment

Using the VIX to Gauge the Stock Market Sentiment

How to Use the VIX Index In the Market

In the past year, the investment community has been going through a difficult period. This is mostly because of the many global risks that have been going on. In the United States, there have been challenges in the growing trade deficit and the deadlock in Congress. In Europe, there are signs that the economy is slowing, and in the United Kingdom, Brexit has been a major issue. In Asia, there are concerns about a weakening China and the mini-trade war between South Korea and Japan. In this article, I will explain how investors use the VIX index to forecast risk and allocate capital.

What is the VIX Index?

In 1987, two researchers published a paper on the need to have a volatility index. Their index was known as the Sigma Index, and would be useful in guiding investors about the risks in the market. 6 years later, the Chicago Board of Exchange (CBOE) announced the launch of an index similar to that proposed by the two researchers. In 2003, the CBOE collaborated with Goldman Sachs to develop an updated version of the index. The updated index looked at the S&P 500 companies while the previous one looked at the 100 companies. The VIX index, also known as the fear index, is used by investors to gauge the fear in the market.

How the VIX Index is Calculated.

As an investor, you don’t need to understand how the VIX index is calculated. Instead, you just need to know how it is used in the real market. The VIX index is calculated by looking at the S&P 500 companies and how investors have applied options into them. The calculation takes into consideration the time to expiration, the forward index level derived from index option prices, first strike below the forward index, and the strike price of the money option. By doing this calculation, investors are able to know how investors have positioned themselves for the future. More details on this calculation can be seen here.

How to Use the VIX Index

Consider the headline below.

 

There are two primary methods in which you can use the VIX index in the market. First, you can trade or invest in the VIX index derivatives. The first VIX derivatives were started in 2004 and were listed at the CBOE. Most brokers in the United States like Schwab, Interactive Brokers, and TD Ameritrade allow you to trade the VIX index. To do this, you need to do two things. First, you need to conduct a technical analysis, using tools like the moving averages, RSI, and relative vigor index to identify areas where you can initiate the trades.

Second, you need to do a fundamental analysis, to predict whether the VIX will go up or not. In this fundamental analysis, your goal is to look at the global risks and conclude on whether you expect them to rise or not. For example, you can buy the VIX index if you expect there to be a no-deal Brexit. You can also short the index if you expect the world to be relatively calm.

The other way you can use the VIX index is to use it as a predictor of how the market will react. In this, if you expect the VIX index to keep on moving high, you can place a trade that shorts the overall stock market. Alternatively, you can buy safe havens like gold, Japanese yen, Swiss Franc, and government bonds when you think that the VIX will move high.

Summary

The VIX, also known as the fear index is one of the closest-followed indices in the financial market. Its performance is usually baked-in many models used by investment managers. It is also used by many sophisticated traders as a signal of what to expect. Therefore, as a trader, you should always consider looking at the performance of the VIX before you make any investment.

 

 

10 Methods for New Investors to Learn Stock Trading

10 Methods for New Investors to Learn Stock Trading

10 Methods for New Investors to Learn Stock Trading

Wall Street investors are some of the wealthiest people in the United States. People like Warren Buffett and Carl Icahn have made a fortune in the market. Successful entrepreneurs like Bill Gates and Mark Zuckerberg have made their money because of Wall Street. While anyone can be a successful investor, it takes effort to succeed. Here are the 10 ideal way to learn stock trading.

Read Books to learn stock trading

The best way to start investing in the market is reading books. Books will open up your mind to how the stock market works, the best strategies to invest, and the top mistakes to avoid. Most successful investors have talked about how books shaped their investment careers. Warren Buffett has talked about how a book – The Intelligent Investor – changed his life. Today, there are hundreds of books about investing that you can find on Amazon. As you start, we recommend reading books like, One Up on Wall Street by Peter Lynch, Common Sense Investing by John Bogle, and The essays of Warren Buffett by Lawrence Cunningham.

Open an Account With a Stock Broker

As you start your investing career, selecting a good broker will be necessary. A broker acts as an intermediary between investors in the market. They provide a platform in which people can easily buy and sell stocks. There are several stock brokers in the United States. Some of these companies are TD Ameritrade, Charles Schwab, E*Trade, Fidelity, and Robinhood. Consider a broker like Robinhood that offers no execution costs. Also, consider a broker with an ease to use mobile and desktop investing applications. In addition, consider a broker that offers a free demo account to help you get some practice.

Get Some Training

If you don’t have a background in finance, we recommend that you enroll in an online class that will introduce important concepts to you. Today, there are so many classes about investing that you can find online. For example, a company like Khan Academy offers free trainings on various topics, including investing. Other online learning companies like Udemy, Coursera, and LinkedIn Learning too have these lessons.

Find a Mentor

Warren Buffet had his mentor in Benjamin Graham. David Einhorn had a mentor in Warren Buffett. Many successful hedge fund managers that worked for Julian Robertson have succeeded because of his mentorship. You too need a mentor to succeed as an investor. A mentor needs to be someone who has been in the industry for a long time. Fortunately, it is possible to find excellent mentors, even through the internet.

Follow The Market

You need to be passionate about everything that you do. To succeed as a money manager, you need to be passionate and enthusiastic about it. This means that you should spend time reading the latest developments in companies. This means reading materials from the Wall Street Journal (WSJ), Bloomberg, and Financial Times. You also need to watch financial television like Bloomberg and CNBC. Doing this will help you know what is happening in the market.

Read Investment Research

As an investor, you need to have an in-depth knowledge about companies. This is the reason why investment research is so important. In fact, most successful money managers spend thousands of dollars every month on investment research. You too should have access to the best of the research. A good way is to use a broker that offers sell-side research. Another way is to read reports in the various investment platforms like Fool and Seeking Alpha.

Use a Demo Platform

As mentioned above, you need to use a broker that offers a demo platform. A demo is a tool that offers all the information and data that successful managers have at their disposal. It also gives you virtual cash. Before you invest real money, you need to take time on the demo platform. In this, you need to do a few things. First, use the exact amount that you intend to start investing in. Second, take the demo account seriously as if it was real money. Third, use a structured way of opening trades. This means that you should have solid reasons for all trades that you open and close.

Study Other Investors

As you start your trading journey, we recommend that you take time to study other successful – and failed – investors. Some of the most widely known investors you should read about are Warren Buffett, Ray Dalio, Peter Lynch, and John Templeton. Failed investors you should learn from are the likes of Bernie Madoff and Long-Term Capital Management. Also, you should learn from some of the biggest investment mistakes such as Bill Ackman’s investment in Valeant Pharmaceuticals and David Einhorn’s investment in SunEdison. There will be important lessons to be learnt from all these scenarios.

Follow Specific Companies

A common mistake many investors make is that they want to follow hundreds of stocks. This is wrong. Instead of following so many stocks, we recommend that you first assess your interests. If you are passionate about technology, you should find a small group of technology stocks that you want to follow. The same is true for all the 11 sectors in U.S. stocks like retail, energy, finance, and consumer. After finding the stocks you might be interested in, you should do your research about them and follow them closely. Focusing on a small group of stocks will be much easier than focusing on so many of them.

Use Index Funds

Finally, you should consider investing in passive and diversified financial assets like mutual funds, index funds, and ETFs. These funds will help you have a diversified portfolio. In addition, you should consider investing some of your money in low-cost robo-advisors like Betterment and Wealthfront.

Summary on How to Learn Stock Trading

Investing in stocks is an interesting thing that can make you a lot of money. However, most people who get into the industry fail. Using these tips will help you know how to invest, manage risk, and succeed in the most dynamic industries in the world.