Business

Provisional patent applications for business pivots

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Successful entrepreneurship is rarely a linear process of coming up with a great idea, developing that idea into a product, and then having a big hit in the marketplace. Instead, entrepreneurs often present a concept to potential customers only to discover that it isn’t quite right. So they pivot and modify the product or service to make it more interesting to customers. A new company will often go through multiple pivots before finally achieving what the market wants. The pivot process is standard for truly innovative ideas. The inventor has a good idea of ​​how to fill an unmet need, but always requires a lot of experimentation and feedback before getting the details right.

These regular pivots make it difficult to protect valuable innovations. Too often, an inventor quickly files a patent application to protect a great idea so that he can freely disclose the invention and offer it for sale without losing any patent rights.

Offering an innovation to customers is the best way to discover the changes needed to improve the product. However, an offer to sell also ends the right to apply for patent protection in most countries and starts the clock ticking for when patent protection cannot be obtained in the United States. Therefore, an early trial of commercialization in the United States may rule out valuable later patents in China and Europe.

Revealing great ideas to potential vendors and customers also often leads to competitors who are impressed with the potential of the invention. The application for patent protection ensures priority for the inventor and avoids the loss of the right to file. As a result, it is often imperative to apply for protection before disclosing or selling an invention.

However, patent applications filed early in the development cycle often become obsolete when pivoted. Features and inventive elements that were key to an early version of a product or service are suddenly much less valuable.

To protect future patent rights for great ideas that are likely to mature through repeated pivots, flash provisional patent applications must be filed. Provisional patent applications retain the right to patent protection for one year, both in the United States and internationally. They are not examined and are kept secret by the patent office. However, when a utility patent application is subsequently filed claiming priority over the provisional one, the utility patent application is treated as having the provisional filing date.

Provisional applications allow an inventor to protect an idea for a fraction of the cost of a utility patent. Then he is free to sell the idea and get the market information for a product pivot. Then, when the idea spins, a new provisional is filed so that the updated concept can also be sold without losing patent rights. The inventor only files a utility patent application when he finally achieves the concept. By filing flash provisional patent applications, the inventor gains market intelligence on early sales while he preserves patent rights worldwide.

Home Kitchen

A fascinating house that offers everything the heart could desire

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What is the design of your dream house? While everyone may have a different version of the palace they would call their ideal home, everyone would have a certain amount of fixtures and fittings, spaciousness, lighting, and ventilation for a good life. A swimming pool, a rock garden and a patio, an auditorium and a garage are some of the facilities that we could think of in addition to well-designed living and sleeping rooms, kitchens and bathrooms, as well as electronic and office facilities. A basement and attic could provide additional storage space and a large rear and garden area would allow for hobbies such as flowers and gardening.

The security aspect, in addition to the regular supply of energy and water, is essential for a successful and modern life that needs to be productive. Many offices converted into residences have made it large, convenient, without the need to travel every day and expose yourself to pollution and danger. In addition, each time you save time and money to dedicate to work.

Reforms, extensions and reforms

While not everyone is lucky enough to live in a fabulous dream home, perhaps in a 4,000 square foot area comprising two or three stories, adjustments can be made to the existing setup and the best facilities possible arranged. Partial demolition and construction of additions, retrofitting of doors and windows, and boundary walls made higher with increased security needs may be required. Identify what’s really missing, like an extra bedroom, a second bathroom, and a garage. In addition to the functional aspect, perhaps embellishment is lacking and a patio or rock garden might appeal, along with an arched doorway.

take a look

While deciding a home’s value and its curb appeal or potential for sale, buyers look for fixtures, a solid structure and design plan, along with natural and artificial lighting. Neutral colors with a variety of textures and patterns add aesthetic value. Outside you should find plants and foliage or spaces available for this purpose.

An inspiring home vision

Modern open plan layouts dramatically place the living and dining areas adjacent to one another. Although they are not separated by walls or curtains, the color scheme and furnishings indicate which is which. A chandelier above the glass-topped dining table would set the mood. A vertical garden along the dining room could bring in fresh greenery.

The kitchen becomes the heart of the residence.

Along with a dramatic multi-use kitchen island, steel cabinets and appliances along with layered lighting dissipate stress. What else would you add to the ideal house?

Auto

Asian climates

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Asia is the largest continent in the world. Due to its large size and extensive area covering from north to south and from east to west, there is a great variety of climates. The climates of Asia can be broadly divided into the following types:

The Equatorial Climate

This climate is found in areas located very close to the equator. The climate is hot and humid all year round with excessive rainfall. There is no dry season and precipitation is distributed equally in all months of the year. This type of climate is also known as the three-eighties climate, i.e. 80 F (27 C) year-round temperature, 80 inches (2000 mm) or more total annual precipitation, and 80% relative humidity throughout the year. This type of climate is found in Indonesia and Malaysia.

monsoon climates

This type has a definite dry season and a definite wet season. The cooler season is dry, while the hot season is very humid. The best example is the monsoon of the Indian subcontinent. Mumbai, for example, records more than 2,000 mm (80 inches) of rain in a year, but the months of December to February are absolutely dry. During the summer season, hot and humid winds blow from the Indian Ocean towards India and bring heavy rain. In the cooler months, the wind direction is from land to sea, so the winds are drier and bring little or no rain. China also experiences this type of weather, but the temperatures are cooler than the Indian monsoon, so it is called the China type of monsoon.

desert climates

These types of climates are found in Central Asia, Saudi Arabia, Iran, northwestern India, and southeastern Pakistan. Although Central Asian deserts such as the Gobi and Taklamakan are outside the tropics, the excessive heat they face in summer makes them similar to deserts in lower latitudes. All deserts have the same characteristic features: very little rainfall and extreme temperatures. Precipitation is generally less than 10 inches (250 mm). The difference between the hottest month and the coldest is great. At Luktchun 43 N 90 E in Central Asia, the average temperature of the warmest month is 90 F (32.2 C), which is fairly consistent with tropical deserts, but the coldest month registers 13 F (-10.6 C). C), which is unthinkable in the hottest deserts located in Arabia. etc.

Mid-latitude grassland climates

This type of climate is found in western Central Asia, where Asia meets Europe in the Ural Mountains and on the outskirts of Mongolia. The summers are hot, the winters cold with moderate rainfall that falls mainly in the summer months. Summer temperatures generally do not exceed 75 F (23 C), but winters are quite cold with two to three months below 32 F (0 C).

cold temperate climate

This type of climate is found in higher latitudes, typically above 50 degrees north, and has moderate to cool summers and very cold winters. Since this area is very far from the nearby sea, it has extreme temperatures. The weather is so extreme that these types of extremes are not found anywhere else in the world. A typical example of this type of climate is Verkoyansk in Siberia, which is located at 68 degrees North and 133 East. The temperature for the month of July in this season is 60 F (16 C), while the temperature for January is -58 F (-50 C), a range of 118 F! Precipitation is moderate at 14.7 inches (373 mm) and occurs primarily in the form of snow.

arctic or tundra climate

This type of climate occurs in the extreme north of the continent near the North Pole. The weather is extremely cold year-round with no month exceeding 43 F (6 C), so no planting or vegetation can survive. Only Eskimos who have adapted to this kind of harsh climate can survive in this climate zone. They have a special kind of houses made of snow called igloos locally to keep them warm.

Mediterranean climate

This type of climate with hot, dry summers and cold, wet winters occurs in Turkey, Syria, and along the coastal areas of Israel and Lebanon. Istanbul in Turkey is the best example. The warmest month registers 74 F (23 C), the coldest 43 (6 C). Total annual precipitation is 29 inches (736 mm), of which 20 inches occurs from November to March, and the summers are very dry.

This in summary is a brief detail of the different climatic zones found in the Asian continent.

Digital Marketing

9 Ways to Successfully Build Good Habits and 5 Reasons You Fail to Break Bad Ones

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9 Ways to Create Successful New Good Habits and 5 Reasons You Fail to Break Bad Ones

“Your net worth to the world is usually determined by what’s left after your bad clothes are subtracted from your good ones.” -Benjamin Franklin

We all have clothes. Some are good and healthy habits, while others are bad and possibly even dangerous. Throughout our lives, we often set goals to try to create good new habits or break bad ones we already have. Many people try over and over again to change their habits for the better only to fail in the end. Learning a new habit can be just as difficult as breaking a bad one you’ve struggled with for years. There are reasons for this and steps you can take to help ensure your success.

Establishing good, healthy habits can enrich your life in countless ways. When an action becomes a habit, it becomes automatic and you don’t really have to think about it much. Some of the healthy habits that people try to develop include; eat healthier, exercise regularly, meditate, complete chores around the house, or just take time each day for themselves. These are just a few examples, but basically anything you want to do on a regular basis that enriches your life and makes you happy can become a habit.

Here are nine simple tips that are easy to follow and can help you turn healthy activities into lifelong habits.

1. Take small steps. – You can’t expect to just dive in and succeed by developing a good habit. Start with small manageable steps. If you want to make healthy eating a habit, start by swapping out specific meals or foods for healthier options. If you make sudden and drastic changes in your lifestyle, there is a good chance that you will not be successful.

2. Hold yourself accountable. – Tell a friend or family member whose opinions matter to you. By telling a trusted friend or family member about your intention to develop a new habit, you promote accountability. You’ll be more likely to stick with your habit if you know you’ll have to answer to someone other than yourself.

3. Treat yourself. – You should be proud of the fact that you are trying to make positive changes in your life. Reward yourself regularly when you stick to your new habit. Enjoy a pedicure or a warm bubble bath. Spend a Saturday morning sleeping in or play a few rounds of golf on the course. Whatever it is you love… do it.

4. One habit at a time. – Work on developing one habit at a time. If you’re like me, there are plenty of new, healthy habits you want to incorporate into your life. Focus on one at a time so you don’t get overwhelmed. Developing a habit, like exercising regularly, may seem like a small change, but it’s not. When you start to develop a new habit of any kind, you are changing the way you live your life.

5. Make sure you really want it. – The more you want to make changes, even small ones, the more likely you are to stick with them. Never start developing a habit you don’t want just because you believe, or have been told, that it is the right thing to do. If you try to force yourself to do something you hate, you will avoid it at all costs. If you hate going to the gym, don’t. There are many good habits you can develop that will enrich your life and that you will enjoy.

6. Plan it.- Sit down and make a list of the good clothes that you would like to develop. Prioritize the list and determine which clothes you would like to develop first. Once you’ve figured this out, write a plan. By putting this in writing, you can refer back to it whenever you need a little extra motivation and it will help keep you on track.

7. Be very specific. – Don’t just say, “I want to make it a habit to drink more water.” Instead, say, “I want to start drinking eight glasses of water a day.” By being specific, you’ll know exactly what you need to do to develop your new habit, and you won’t feel overwhelmed. If you’re too lazy, you could easily rationalize that you drank more water today than yesterday, even if it wasn’t the eight glasses you wanted.

8. Use tools. – Use all the resources you have at your disposal. You can make lists, journals, graphs, spreadsheets… anything that helps you keep track of your goals. I often use sticky notes around the house. I’ll put reminders on the walls, mirrors, refrigerator, and anywhere else I think might be helpful. They may not look pretty, but they help keep me motivated.

9. Don’t berate yourself for slipping. – We all make mistakes from time to time. Just yesterday, he was eating some chips while he was watching TV. Before I knew it, the entire bag was empty! It happens to everyone. Realize this, and don’t be too hard on yourself. Remind yourself why you wanted to develop the habit in the first place, and then start over.

“A man who can’t bear to share his clothes is a man who needs to leave her.” -Stephen King, The Dark Tower

Why is it so hard to break bad habits? There are things we do daily, or even hourly, that we know are not good for us. We bite our nails, smoke cigarettes, make unhealthy food choices, procrastinate, lead sedentary lives, etc. Each of us has a bad habit that we would love to break, but often have a hard time doing so. This is because, once a habit is developed, we rarely realize that we are doing it. It becomes part of who we are. If we want to improve our lives, breaking bad habits is a good place to start.

Here are 5 common reasons why we often fail to break bad habits.

1. We expect results too quickly. – We don’t develop our bad habit in a day, and we certainly can’t expect to break it in a day either. Breaking a habit takes time. We must be patient and persistent in our goals.

2. We have a low level of self-awareness. – I’ve bitten my nails most of my life. I do this without even thinking and usually don’t even realize I’ve been chewing on them until I feel pain or see blood. This is because I am not always self-aware. We often go through life on autopilot, but when we’re trying to break a habit, we need to slow down and pay attention to everything we’re doing. We must make an attempt to truly live in the moment. If we develop a stronger sense of self-awareness, we can avoid our bad habits as soon as we start doing them.

3. We use our clothes as an emotional crutch. – Many of our habits, such as smoking or turning to food when we need comfort, serve as a coping mechanism for stress or emotional pain. We have to look for other healthier substitutes for these clothes. When I was trying to quit smoking, I often exercised whenever I felt the urge. The exercise took my mind off my immediate craving and helped me relieve my stress in a healthy way.

4. We don’t tell anyone that we are trying to break our habit. – Breaking a bad habit is extremely difficult. It is even more difficult when we do not have the support of our friends and family. We often don’t tell them out of fear. We believe that by not telling them, we can avoid disappointing them if we fail. To successfully break a bad habit, we must tell those we love and trust about it. They will give us the support we need and will also hold us accountable for our actions.

5. We are too hard on ourselves when we fall back into old patterns. – Just as developing new habits is difficult, breaking old ones is extremely difficult. We all make mistakes from time to time. We must stay positive and remember why we want to rip our clothes. Do you want to be a better role model for your children? Do you want to avoid a second heart attack? Do you want your nails to be beautiful for your wedding day? Whatever your motivation, remember, there is a very good reason why you decided to break your bad habit in the first place. When we slip up and fall back into our bad habits, we should take a moment to remind ourselves why breaking the habit is important. So we have to start over.

I hope these tips help you feel guided to be motivated to break clothes that do not make you happy or develop a new one that you are proud of.

“Successful people are simply those with successful clothes.” -Brian Tracy

Relationship

Create the future for your children immediately from today

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When we were young, we set fortune and career goals and immersed ourselves in busy lives. However, as a parent, our children’s happiness and future are at the heart of our long-term plan. Whether we should educate our children to become good learners with intelligence or good personalities and happiness will not be an easy question for parents.

Since society has been changing as dramatically as it is today, a person who only studies well and has deep professional knowledge is not guaranteed success. This is demonstrated by thousands of cases of dismissal and unemployment each year, although many of these people are university graduates, some with master’s degrees and even doctorates, and interns. Therefore, if parents are only inclined to encourage or force their children to learn well, it is certainly not the right thing to do. Not to mention that the more knowledge that accumulates in the minds of children without care and love, the greater the risk of children suffering from depression and mental trauma.

Many research studies and observations of educators, psychologists and neurologists around the world have shown that the most important thing that contributes to the success of children in the future are non-cognitive skills: personality characteristics formed from the first years of life . Research studies have also shown that the quality of life, the care and love of the family, especially the care and love of parents, from childhood are the foundation for shaping children’s personality in the future. In the process of growing up, children need to be trained to acquire endurance, mental strength, inquisitive learning, and tenacity to pursue their dreams.

Therefore, parents should become close friends who accompany their children in all circumstances to timely understand the children’s thoughts, emotions and expectations, and they themselves should set good examples for their children to follow. If children stumble or fail, encourage them to learn to accept, not give up, and keep going to achieve their own goals and dreams. Children in general have faced many challenges in the maturation process. And every time they give in to a difficulty, their self-confidence and resilience decreases greatly. If parents do not encourage, help and accompany them in a timely manner, children will isolate themselves and keep too much for themselves.

Do not put too many expectations on your children because by doing so, you will put a lot of pressure on them. Don’t take your friends’ academic achievements to compare with your children’s, and don’t take children’s test scores for fun and bragging achievements. Let’s give your children a peaceful childhood and let them live their own lives and dreams.

Health Fitness

Learn to reconnect with your body’s natural instincts in all situations

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I have been very ill for the last few days. I very rarely get sick and it wiped me out completely. However, he reminded me how well our body tells us what it needs in all situations.

Unfortunately it was a stomach bug which meant I didn’t feel like eating anything and even the water was a bit rough. Interestingly though, the old lemonade ice block “wife tale” actually works and it’s the only thing I felt or my body could contain for the first two days. (So ​​at least I didn’t get dehydrated!)

When we find ourselves in a situation like this we have to listen to our body, we have no other choice. So I went to bed and rested and slept as much as I could.

So why don’t we listen to our body when it’s fine? It’s because we have the energy and ability to override it, and we’ve often become disconnected from our body’s natural instincts, so we can no longer hear or feel what it’s telling us. Imagine how well our body would work for us if we did exactly what it tells us all the time?

It is very important to eat when we are really hungry, eat exactly what we want, stop when we are satisfied and go do something else until we are physically hungry again. These are the 4 principles of the Feeding Cycle.

But what should we do when we are not hungry?

1. Recharge: rest, relax, get enough sleep, do things that bring us joy

2. Energize – move our bodies. Find something you like and do it regularly, it doesn’t have to be every day and it doesn’t have to be aerobic. Just move. Your body will love it physically and emotionally.

3. Stimulation – We all need something that enlightens us, to feel valued, that we are contributing. Boredom leads to lack of motivation and procrastination often finds us in front of the pantry or the fridge!

4. Higher power – or inner connection. An opportunity every day to just stop and be, to connect with yourself. This could be prayer, meditation, art, music, fishing, walking in nature, or something creative. It’s time to just turn off the business of life and stress.

You don’t have to find a lot of extra time for these things, as they can often be combined. I walk every day in the beautiful park next to our house. It has many paths that wind through beautiful fields, the bush and along the river. While walking I can recharge, energize and stimulate myself while connecting with my higher power. Magic.

So this month I encourage you to think about whether you are adequately meeting all of your body’s needs or staying active by overeating, drinking alcohol, or even overworking yourself. Eventually, your body will tell you that you’ve had enough.

Legal Law

Starting your career as a hedge fund attorney

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A hedge fund attorney provides clients with legal advice and guidance on all legal aspects related to the global investment management industry. A hedge fund attorney typically specializes in partnerships and investment firms.

A hedge fund attorney provides assistance to clients in the development of domestic or offshore investment companies. It is for this reason that a hedge fund attorney must be fully aware of the federal, state, and international laws that control investment companies and firms.

1. The first essential condition for applying for admission to a law school is to obtain your bachelor’s degree. You can earn your degree in any discipline, but you must ensure that your GPA remains above average at all times. If you prefer, you can major in political science, economics, or international relations at a college or university as these will help you in your future career as a hedge fund lawyer.

2. The next prerequisite for admission to a law school is to pass the Law School Admissions Test (LSAT) with a high score. The higher your LSAT and GPA score, the better your chances of gaining admission. To get a good score on your LSAT, buy a preparation material or join any preparation course. The good news is that you can retake the test to improve your score.

3. Apply to various law schools to increase your chances of gaining admission. Choose law schools accredited by the American Bar Association (ABA). You can get a list of approved schools on the ABA website.

4. If you are financially strong, you will not have any financial problems during your law school. However, if you are not financially strong, you may face some problems as the fees are often high. If you have an excellent academic record, you can get a scholarship; otherwise, prefer a student loan.

5. Spend the first year of your law school learning about the basics of the legal system. After the first year, you can choose the courses you want to specialize in, i.e. if applicable, the courses must be related to state, federal and international law relating to offshore investments and companies.

6. It’s best to get an internship at a law firm that deals with hedge fund matters while you’re still in school. This will help you gain practical experience related to the work environment of law firms. Keep good terms with them, as you may have to return to them for a full-time job after you graduate from law school.

7. After graduating from law school, you must pass the bar exam to start your career as a hedge fund attorney. The test is based on his knowledge of federal, state, or international laws relating to investment and offshore companies. Before taking a bar exam, review all of your law school learning. Get your license and start your legal practice. List your name in the American Bar Association’s online database.

Lifestyle Fashion

A deep dive into understanding the Ayurvedic spa and its practices

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Ayurvedic medicine has been practiced in India for centuries. An important component is the Ayurvedic massage and spa. Also known as Abhyanga, the practice promotes wellness and balanced health in an individual by creating lifestyle changes. The Ayurvedic approach to being healthy is meant to be lifelong, encompasses all aspects of life and is rooted in it.

  • Understanding Ayurveda and its historical use

In plain and simple words, Ayurveda means the science of life. The origin of Ayurveda is ancient, and historians believe that medical experts began recording Ayurveda practices, in writing, only about 2,500 years ago. Before that, it was practiced verbally, making it one of the oldest healing methods in the world. Even today, in some parts of the world it is the first approach to treating ailments. In other parts, such as the US, massage and Ayurvedic medicine are used in conjunction with modern medical techniques.

Today, the effectiveness of the approach has made it extremely popular in Western countries. Thousands upon thousands of citizens of the developed world are incorporating Ayurvedic practices into their health care regimen instead of treating it as an alternative technique.

  • Understand its usefulness through an experiment

Researchers, in recent years, began to study the traditional practice of Ayurvedic massage to better understand it. In a particular study, carried out on 20 people, three factors were observed before and after a 60-minute Abhyanga:

  1. heart rate
  2. blood pressure
  3. stress level

The result of traditional Ayurvedic oil massage therapy showed that people’s stress level and heart rate were reduced to a significant degree. But there was a surprising observation. Only the blood pressure levels of participants with prehypertension changed. The experiment was proof positive that Ayurvedic massage has only positive results. It can restore balance in bodies that are afflicted with ailment, but it does not create problems in people who are already in excellent health.

An Ayurvedic spa is an element of the Ayurvedic lifestyle. Ayurvedic massage is said to be able to remove toxic chemicals that build up in the body. Known as ama, high levels of it lead to weight gain and other adverse effects on the body. Through the diligent use of Ayurvedic massage and the lifestyle that goes with it, almost half of the toxins in the body can be eliminated. Through traditional massage therapy, people can improve in:

  1. Relaxation
  2. Nutrition
  3. sleepwear
  4. exercise regimen
  5. weightloss
  • Individuals Division for Ayurvedic Massage Therapy

Ayurveda has been practiced effectively for centuries and centuries because it organizes people into three categories. This division is based on the four elements of life: water, earth, fire and air.

  1. Vata – All forms that have a thin, skinny frame are associated with the air element and tend to have problems related to absorbing nutrients.
  2. Kapha: All bodies that have a large frame and suffer from some form of obesity are linked to the element of water or earth.
  3. Pitta: All figures that have a medium sized frame are connected to the fire element and tend to suffer from digestion problems.

There are some types of bodies that can be made up of more than one element. When a person has excess energy in one or more components, he can greatly benefit from abhyanga. Ayurvedic massage helps to balance the extra element and any problems that arise from that imbalance.

  • Ayurvedic therapy and its integrity

A professional spa offering Ayurvedic massage would be most beneficial for people who want to make long-term lifestyle changes that lead to weight loss and a healthier body. It should be noted that abhyanga is a holistic approach to bringing a body into harmony. It sometimes requires many changes in a person’s daily habits. These modifications concern the vikruti or imbalances that a body has. Some of the adjustments one might have to make might be:

  1. Dietary
  2. sleep schedule
  3. Meditation
  4. Yoga
  5. Stress management
  6. herbal treatments

A succinct summary

Ayurvedic massage is a full body massage in which an expert therapist works the head, neck, torso, arms, hands, legs and feet with a specific oil. The oil that is usually infused with herbal mixtures penetrates the skin and reaches the molecules that cause the changes. This results in a slower heart rate and stress relief. Ayurvedic therapy is useful for all body types with particular treatments focused on specific needs. In addition to regular massages, it also requires the participant’s commitment to other areas of life such as eating, exercise and sleep.

Pets

Why do ferrets steal things?

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The word ferret has its origin in Latin and is translated as pilferer. With that tidbit of knowledge, it shouldn’t surprise you that ferrets like to steal things and hoard them.

My ferrets take everything they can drag. I have seen my little one pound girl try to take the sterilized bone from the dog; the bone weighs more than it does. (The only reason she was unsuccessful is that the dog saw her dragging her bone around her room and intervened.) They have taken my shoes, my wristband and stuffed toys. They have taken bookmarks, balls and food dishes from him. They have stolen computer mice, handkerchiefs and socks. They have removed apples, potatoes and staple remover. If they can hack an item, they will.

So after my ferrets acquire an object of desire, they hoard it. Almost everything stolen ends up in the same place. After cleaning, they can relocate their stash, but there’s usually only one stash at a time. I found the hiding place under his cage. Once the hiding place was behind the TV and once they put everything inside one of my husband’s speakers. These days, my babies like to relocate objects inside their Tower of Fun, a tube that spins up and down. The furry ones like to slide down the slopes of the Tower of Fun, so it’s a bit strange that they block their fun slide route with toys. However, they do.

Why?

Since I don’t speak ferret, and my ferrets don’t speak human, I can only guess based on their natural behaviors in the wild. Polecats (from whom our ferrets have been domesticated) are carnivores. They are hunters. They kill things smaller than themselves (usually smaller, but I’ve seen videos of ferrets killing things larger than themselves). So a ferret kills a mouse and eats it. When it’s ready, it will hide the leftovers. If a ferret kills an animal that is too large to eat in one sitting, the ferret will hide the carcass to finish it later. And, in all of these cases, the ferrets are trying to prevent other animals from getting their loot.

I think that’s probably the best explanation for why ferrets steal, but I have another idea. Frequently, I find sleeping ferrets in the midst of their stolen treasures. Usually when they sleep in their cache, the items are soft and cuddly, like small stuffed toys and other fluffy things. So my second hypothesis is that ferrets like to build cozy beds.

Real Estate

Ten Ways to Lose Money on Real Estate Notes

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While investing in nonperforming real estate notes, or NPNs for short, can be a great way to earn guaranteed above-average returns compared to the roller-coaster stock market or 1% on a CD. Although like all investments, there is no guarantee that you will make any money. In fact, if you’re not careful, you can lose some or all of your investment.

We’ve put together a list of all the ways we can tell you can lose money in the Distressed Asset Arena.

Ten Ways to Lose Money on Real Estate Notes:

1. Pay too much

We believe the #1 reason you can lose money on NPN is paying too much for the note by not researching the real value of the property as-is compared to comparable move-in ready prices, or offsets, and adjusting your price accordingly. consequence. There’s a saying; There is no bad grade, just paying too much for a grade.

Usually the property is not ready to move in so it will be priced lower and if you don’t keep that in mind you will be forced to make a lot of profit when you go to sell it. The solution would be to see if putting in $3-10,000 in light repairs would give you a raise of $10-20,000.

Other options are to lease it for cash flow while it hopefully appreciates. Then, in a few years, it can be sold at a higher price. Either sell it with owner financing to people with lower credit scores for a higher price, or sell that “rent loaded” with the tenant to an investor as a cash flow machine.

2. Wrong location

By buying an NPN in a rural, rundown, or crime-ridden location, even if it’s in excellent condition, you’ll have a harder time selling it when you need it, and may have to drop the price to get rid of it. No family wants to live in the middle of nowhere, in a war zone, or without basic necessities like supermarkets, gas stations, or general merchandise stores.

3. Not visiting the property

Imagine if you buy a ticket and discover that the house is no longer there! It could have caught fire, or the city could have condemned it. This will result in the loss of most of your money, and the only thing you can do is sell the land for a much lower price than you paid. At least it won’t be a total loss, the land does have value. It just depends on whether a builder will find the location good enough to invest in.

Or if the property is damaged, knowing the extent of the damage before you pay is priceless to save you a lot of money. Sometimes it’s better to get out of a bad deal than risk the investment if it doesn’t make sense.

4. Not confirming your link status

You’re told you’re buying a major or first lien on a home, then find out it’s actually a second or minor lien. This could be due to the seller’s incompetence or negligence to know what they were selling, or a lesser lien could have foreclosed on and, if unchallenged, you are now the primary lien holder and you are now a minor. You are still entitled to claim the debt, although you are not first in line now.

5. Not looking for lawsuits or links

One of the first things we do after narrowing down a list of NPNs or REOs (real estate ownership or owner has title) we’re considering buying, and before we pay for it, is run an O&E (occupancy and liens) report that shows how many liabilities are linked to this property.

The owner may have been sued in the past, or owed federal, state or county taxes, and a lien on the property. This would result in him now being responsible for paying that if he gets them to sign a deed in lieu of foreclosure. Only a foreclosure of the property would possibly remove most or all of the liens or liens on it considering IRS liens have a 1 year redemption period where they can pay off the mortgage if they want even though they don’t really want the House. .

6. Not checking taxes

There are a myriad of taxes, penalties, and fines that can be imposed on a property at all levels of the government hierarchy. From city fines for not mowing lawns or leaving litter, there are a number of agencies that can fine you, from water, power, garbage, and schools. You also have county property taxes and the penalties you receive for not paying them. If you ignore them, the county can sell the tax lien to someone else and, after a redemption period of usually one year, you could lose the property.

The state can also put up a link for income taxes, child support, and any number of issues. Then there is the federal government that can put a lien on the property because you didn’t pay your income tax. We just purchased a promissory note that had a total of $67,000 in taxes, penalties, liens, and penalties. We intend to foreclose on them, and possibly sell the house back to the owner.

7. Failure to verify bankruptcy

Bankruptcy is not the end of the world for the note investor; they are often a good thing. A Chapter 7 will eliminate all unsecured debt such as credit cards, etc., leaving more funds each month to pay for your house that would have gone elsewhere.

A Chapter 13 is a payment plan, and the house payments are usually part of the payment plan. It takes 5 years to complete, and many people do not complete it, causing them to still owe the debt.

If you have a minor lien and no principal, you can generally lose your entire investment if the lien is removed in bankruptcy. They still owe the debt, even though it is not secured, and you can get a judgment against them that will be in your favor. If they tried to buy another house or because in the future, that debt would still be there, and they would have to work something out with you for the court to mark it as paid in full.

8. Land Leases

Failing to verify land leases means you could lose your entire investment when the lease expires, depending on the surrender clause. It is not your land, and if the owner wants to do something else with it, then there is nothing you can do. Condominiums and townhomes can be considered a form of land lease in that you do not own the land, only the building.

9. Buying from Joker Brokers with daisy chains

We have seen people offering to sell notes that are number 5 or 6 in a chain of what we call “Joker Brokers”, and our policy is not to avoid them for many reasons, #1, they do not own the note. , and not dealing with the owner is asking for trouble. #2 is that they usually get it from someone else. And then that person will most likely get it from somewhere else, and so on, and this can go on for a bit, with each link in the “daisy chain” adding a cost to the purchase price.

10. Buy from people who will rip you off.

Unfortunately, there are people who will rip you off in this business, and some still call the ticket business the “Wild West.” A dishonest employee may convince you that he owns the note and send you the money from him. To avoid this, the use of escrow to keep funds safe, combined with a document clearance service from a document custodian, ensures that you “sign” that the collateral or document file identifies that the seller of the note/mortgage is really the owner, and they are not trying to rip you off. Then the security deposit can be released, that is the only way to prevent this fraud.

Here are ten different ways we’ve seen you can lose money in the Delinquent Real Estate Notes space.