Author: Oliver Dale

Oliver Dale is Editor-in-Chief of MoneyCheck and founder of Kooc Media Ltd, A UK-Based Online Publishing company. A Technology Entrepreneur with over 15 years of professional experience in Investing and UK Business.His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More.He built Money Check to bring the highest level of education about personal finance to the general public with clear and unbiased reporting.oliver@moneycheck.com

It’s no longer news that crypto criminals are cashing out daily. With reports of hacks still pretty much as rampant as they were years ago, this illicit industry keeps getting stronger. However, little details are shared on how these criminals convert the tokens into fiat or what they spend their loot on. This week, we got a glimpse of what goes on behind the scenes. Rising illegal Transaction Levels What we do know is that crypto criminals have spent over $500 million since the year started and this figure could balloon up even further, per reports from Bloomberg. Citing statistics…

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Buying a home is part of the American dream and a rite of passage for any young adult. It’s a satisfying feeling knowing that your domicile is yours, and you don’t have to worry about ever paying rent again. However, buying a home costs money, and aside from the sticker price, many hidden costs go into finalizing the deal. The chances are that you already know about the down payment you need to finance your new place. However, did you realize that you’ll require some cash to handle other expenses related to the closing costs and utilities? Preparing for all…

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Despite being miniscule on the global stage, crypto assets are being eyed by governments across the globe. You see, centralized financial institutions, especially central banks, see assets like Bitcoin (BTC) as a threat to their hegemony over finance. Bitcoin is censorship-resistant, much unlike something like PayPal today; non-sovereign, with miners and their respective nodes being distributed across dozens of nations; supply-capped; and public, available for people across the globe, without knowledge of their identity or socioeconomic background. As a result, a massive regulatory group, the Financial Action Tak Force (FATF), is looking to crack down. Hard. Crypto Exchanges to Come…

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Crypto traders evading taxes will be hunted down by a new team of investigators. Per a report from The Sydney Herald, money laundering investigators from the world’s largest economies have been given the mandate to track down traders avoiding tax payments using dubious schemes. The group has since been dubbed J5, which stands for an alliance of Joint Chiefs of Global Tax Enforcement. It features tax authorities from the United States, U.K., Canada, Australia, and the Netherlands, who have come together to work on information sharing, with cryptocurrency high on the agenda. Since it was formed last July, the J5…

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There are very few feelings as satisfying as driving a new car off the lot and taking it home. That new-car smell, as you slip behind the wheel and shift into gear – is somewhat intoxicating. Buying a new ride is a financial milestone for any young adult and a necessary expense for families and businesses across the country. A car expense is a line item that we’re all accustomed to seeing in our monthly budget. Considering the average loan term is either 3 or 5-years, some people with a distaste for debt, may want to pay off their car…

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Are you a student that’s graduating this year? Congratulations! After the ceremony ends, you are officially ready to take your place in the workforce as a qualified professional. However, it’s not all roses and sunshine for you. The chances are that you’re graduating with a mountain of student debt that you’ll most likely spend the next decade or so paying off to the government. What if you can’t find a job in your field? What if you only manage to achieve a low-earning clerk position for your first two years of employment? How will you manage to pay your bills…

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Are you staring at your bank balance, wondering what to do with your savings? First of all, if you have savings, then you are one of the few Americans that can afford this luxury. With more millennials living paycheck to paycheck, saving for a rainy day is getting harder as economic conditions continue to tighten around the globe. So, if you have some extra earnings – what do you do with the money? Leaving it in your bank account won’t earn you any interest, and you’re doing the bank a favor while they provide you with no reward for holding…

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With the S&P 500 and Dow Jones Industrial Average reaching new highs, everyone is talking about the stock market – even President Trump. Every day, trillions of dollars in equities trade on the world’s stock exchanges. Sessions open in Tokyo with the NASDAQ, carry through to the open of the European trading session in the DAX and the FTSE, and then we close off the trading day in the Big Apple at the New York Stock Exchange. Investing in stocks seems like a myth, no-one teaches any classes about it in school, and if you want to get involved with…

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Back in the days of the baby boomers, if someone were to whisper the word “credit” when talking about their finances, you would assume they are talking about their mortgage payments. Today, consumer credit is available in a variety of financial instruments designed to help you leverage your income. In 1966, Barclaycard was the first financial institution to launch a credit card facility targeting consumers. Up to this point, the best boomers could hope for was a personal loan when trying to secure additional capital. During the first few decades of its existence, credit cards were a vehicle for use…

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Do you need to send money to someone today? For most of us, it’s as easy as logging into our online banking platform app and making a transfer to a recipient. Let’s throw a spanner in the works with that scenario. What if you’re trying to send money to someone that doesn’t have a bank account? This situation is ideal for using a money order. The financial instrument allows you to send money to anyone locally or abroad, without using a bank transfer. Financial institutions and retail outlets issue money orders – allowing people to send and receive cash without…

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Recent studies into the financial health of millennials, people aged between 21 and 37-years old, shows that they are in a shocking state of financial literacy. More than 23-percent of millennials spend everything they earn, and over 60-percent live paycheck to paycheck – with less than $3,000 in savings for use in times of emergency. This sorry state of financial affairs means that most American millennials are woefully unprepared for a life-event that requires them to have savings. Can you imagine if you have to pay for a medical emergency and can’t afford the treatment? Saving is an essential part…

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Recent surveys show that only 23-percent of millennials save a portion of their income. Of this 23-percent, the research shows that Americans between the ages of 21 and 37-years old prefer safe investment vehicles, and tend to avoid investing in high-risk assets, such as stocks. Saving is a critical part of building our future. With so many Americans living from paycheck to paycheck, it makes one wonder how these people will survive in their retirement years. If you have no clue on saving and investing, and you’re in the millennial age group, it’s vital that you understand the importance of…

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