USB Type-C breakout board for Power Delivery – For DIY Projects

Best USB power delivery board for diy projects with variable voltage

I have spent all day looking for this so I thought I would share my findings with you good people of the internet.

USB Type-C breakout board for Power Delivery ZY12PDN bare board

I am looking for a USB Type C breakout board that I can use in my projects for power. Given the high voltage that can be transferred with USB C and the compact nature of the connector, in my opinion, they are perfect for projects.
I have a few projects on the go at the moment that could benefit from high voltage but still keeping a relatively small form factor.

But you already know that that’s why you’re here.

Amazon – USA

https://amzn.to/2OI4LgY

Amazon – CA

https://amzn.to/2QKDmxz

Amazon – UK

https://amzn.to/2scbo3I

Aliexpress – Worldwide

http://s.click.aliexpress.com/e/nAK3DIOc

When I was looking for these boards I found it very difficult to get a hold of the exact model that was needed. I need to be able to change the voltage that is drawn from the USB Type-C and this board ZY12PDN has this functionality on a push button.

See this link below to a great video that shows the full functionality of the board and how to can be used in the same case we describe here.

This is a great video on this little board!

What Is Compound Interest? Explained

Compound interest is, in short, the interest accumulated on interest. For instance, you have a £10,000 investment with a 10% return. The £1,000 return you then have goes back into the investment so next time you have a 10% return on £11,000 which is £1,100. When you look at it like this is not very complicated at all. You invest your returns back into the investment and the returns increase.

Compound interest also known as the get rich slow scheme. I was doing some research on the definition and felt like I was taking an algebra lesson. So, I thought I’d put this article together to simplify it.

Compound interest is, in short, the interest accumulated on interest. For instance, you have a £10,000 investment with a 10% return. The £1,000 return you then have goes back into the investment so next time you have a 10% return on £11,000 which is £1,100. When you look at it like this is not very complicated at all. You invest your returns back into the investment and the returns increase.

How to take advantage of compound interest

One of the best ways to take advantage of compound interest is through index funds. An index fund for those of you that don’t know is an investment portfolio made up of a number of companies. Using index funds is beneficial because they are typically more secure than individual stocks.
You’ll invest in an index fund at high risk with a good return or low risk with low returns. The interest made on the investment is paid back into the investment to compound.
I have to mention that this is not a quick process, as I mentioned at the start its also know as the get rich slow scheme. Your typical return is calculated yearly so it will take years for your money to compound. This is not a get rich quick scheme.

How compound interest is calculated

If you are interested in sources that will calculate it for you, sites like
Financial-Calculators.com, Investor.gov and TheCalculatorSite.com all have great tools that will do a great job.

If you are more interested in how compound interest is calculated and the mathematical aspects on it check out the WIKIPEDIA page. They have very in-depth examples that make me feel like I’m back in school, enjoy.

It’s not that I don’t want to show you, I just wouldn’t do it any justice 🙂 See below for examples that explain.

How compound interest is different from simple interest

Compound interest, interest on interest.

Simple interest is interest on the initial investment.

So back to our example where we have £10,000 invested and a 10% return of £1,000. The simple interest is £1,000. With simple interest, the £1,000 is usually taken away from the investment so the return is always calculated in the initial £10,000 investment.

You can see now how compound interest will benefit you more in the long run because of the increased return on interest.

Why Compounding Periods matter

Compounding period is the frequency that your interest is calculated. This is typically quarterly (4 times a year) or annually (once a year). This matters because the more frequent your compounding periods are the more money you will earn.

Let’s compare annual and quarterly periods. This might be the same investment with the same return. Let’s go back to our previous example, a 10% return on a £10,000 investment annually.

If the compound period is annually or once a year. In this case, you have one 10% return of £1,000.

On the other hand, if your compound period is quarterly or 4 times a year. The investment is calculated 4 times at 2.5%. Now, this might not sound great but look at what happens.

First Quarter £10,000 + 2.5% = £10,250
Second Quarter £10,250 + 2.5% = £10,506.25
Third Quarter £10,506.25 + 2.5% = £10,768.90
Fourth Quarter £10768.90 + 2.5% = £11,038.13

Over as short a time as just one year, you can see how much better off you can be. In this case, £38.13 better off. If we calculate the same over say 40 years with just our £10,000 and the 10% return.

Yearly compounding
£452,592.56

Quarterly compounding
£519,778.68

As you can see over the short term it might not make much difference to you. But in the long run not checking the compounding periods could mean a difference of £67186.12 over 40 years. Just keep in mind that the more often your money is compounding the better.

How can compound interest help you

This question should really be “How I can use compound interest to help myself”. If you have ever heard of Warren Buffet, you probably know this is how he became so rich. He often says he had some luck and then all he did was wait 50 years for it to compounding.

Now obviously I’m not saying in 50 years you’ll be as rich as Warren Buffet but why not follow in his footsteps. As I mentioned in the section how to take advantage of compound interest index funds are the way to go. Pick a good index fund with Vanguard or similar accounts that will let you take advantage of compound interest. Keep contributing to it as often as you can and watch it grow.

The trick is to start now. Compounding is your best friend so the more time your money is in the account the more it can compound and grow.

So I hope you are now a bit more clear on compound interest and how you can use it to grow your wealth. If you have any questions or thoughts leave a comment below and I’ll do my best to answer them 🙂 Happy Saving!

What Is Financial Freedom? Explained

Financial freedom is when a person’s assets generate income that is at least equal to their expenses. Financial independence means you have enough wealth to live on, without working. Income earned without working if referred to as “passive income” as opposed to “active income” which is the money you earn by working.

I hear the term financial freedom used a lot in many different contexts. They use it to describe pensions, savings, investments and passive income. But what is the proper definition and how does it apply to me.

Financial freedom and financial independence go hand in hand but are not the same thing.

Financial freedom is when a person’s assets generate income that is at least equal to their expenses. Financial independence means you have enough wealth to live on, without working. Income earned without working if referred to as “passive income” as opposed to “active income” which is the money you earn by working.

For both of these cases, you need to know your monthly income and expenditures well. Here is an example spreadsheet that you can alter to do the calculations for yourself.

Sn3ll Financial Independence Calculator

How to become financially free?

Let’s go back to the definition first. When your assets generate an income that is equal to your expenses. So, first of all you need to know what your monthly expenses are so you can match it with how much your assets would have to generate.

Let’s say for example your expenses are £3000 a month, for you to be financially free your income generated by assets (passive income) how have to also be £3000. Its that simple, the part that isn’t simple is getting there. If you want more information on passive income, go to the section titles passive income or read this article on “What is passive income? Explained”.

How to become financially independent?

Like financial freedom your passive income has to be equal to your expenses, but it has to also generate enough for your savings. Financial freedom is great, but it doesn’t give you any wiggle room. Financial independence on the other hand accounts for savings other investments so you have the wiggle room and potentially room to grow.

When calculation your financial independence unlike the other you should be calculation it to your ideal lifestyle not your current one. If you want to take 6 months off a year and drive a Ferrari these are the expenses your passive income needs to be calculated to be financially independent.

Active income

Active income is money earn by trading your time. The 8 hours you spent at work today is active or earned income. This income in capped because you can only earn so much in a 24-hour day without killing yourself.

If you earn £10 and hour and work 8 hours the most you can earn in a day is £80. This is why the preferred method to becoming financially free if with passive income which you can read about below.

Passive income

The art of making money whilst you sleep! Passive income is by far the best way of earning.

Quick fact: Most millionaires have 7 passive income sources.

Passive income is when your time is not directly traded for money like active income. This is through sources like Rental income, investments, stock, bond and aray of others. These sources take an initial investment but then will generate a recurring income.

Benefit of not having to trade your time for this source of income is the you can then use that time to make more investments and compound your steams of income. Example of this is real estate of rental income. One you have a rental property bringing in a stable income there is no reason you can have 2, 8, 12 ,200 rental properties all bring in the same income.

Summary

So hopefully I answered your question and you now know what financial freedom is and how to achieve it. Please download the work sheet and try it for yourself even if you aren’t looking to become financially free just yet it will help you tack your finances much better.

If you are interested in passive income sources bookmark this page because we will be bringing out a work sheet with all the best ones listed so you can get on your way to becoming financially free. In the meantime, search for passive income sources and you’ll have many options to choose from.

5 Quick tips to financial freedom

1. Track your expenses

Use the worksheet provided to take a handle on your finances and calculate how much passive income you need to generate to reach your goal.

2. Pay off your debt

Use your new-found sources of passive income to pay down any high interest debt that might be mongering over you. This will free up more to invest into your income.

3. Build passive income streams, lots of them

Once you have a good stream of passive income don’t stop there. Use the technique again and double or triple your income.

4. Don’t raise your expenses

Growing your income comes with the eager to spend more as well. This will keep you stuck in the same situation just earning more money. Set a clear goal of the life you want to live and then live it. Don’t raise your expenses unnecessarily just because you have more income.

5. Enjoy it

Building income streams and living your best life should be fun. Make sure you don’t take it too seriously. Seriously!

What Is Passive Income? Explained

So to summarise passive income is income from sources that have been set up to run autonomously or with minimal upkeep. It usually takes a lot of time to initially set up but then pays recurring income over time without directly inputting your time.

Passive income has become very popular in the past years and especially in the entrepreneurial space.

But what is it?

Passive income is money earned with minimal effort on a daily basis or minimal upkeep.

Examples of this are blogs or investments. With a blog, you put the effort in to write the article in the first place but once you are done the article will drive traffic for the foreseeable future. Same with investments you put the time in initially to find a good investment and gather the money for the venture and then it will pay recurring dividends over time.

So to summarize passive income is income from sources that have been set up to run autonomously or with minimal upkeep. It usually takes a lot of time to initially set up but then pays recurring income over time without directly ionputing your time.

People prefer this method of income because apossed to trading your time for money you can earn money without the constraint of your time. This is so powerful because if you can master this skill of making passive income you can use your now free time to make more passive income sources and truly differentiate your time from how much money you can make.

This is the factor that most people don’t take into consideration when they are trying to increase their income. If you trade your time for moeny, for example, a brick later only earns money for the hours he is laying bricks. If he wants to earn more money he has to spend more hours laying bricks. This takes for other areas of his life like family and leisure time just to earn more moey. If you can differentiate your money from your time it removes this constraint and you can increase your income without directly putting in more time.

If you are interested in making passive income here are the key factors.

Tips:

  1. You need to make an income source that can run without your direct time input. Online businesses work well for this because your website can usually do most of the tasks you would have had to trade your time for.
  2. Make it scalable. This is how you increase your income if your source is scalable you scale it to match the income you desire from that source.
  3. Enjoy your passive income source. Do your research income different sources and invest your time into a source that you will enjoy.
  4. Don’t stop at one source. You can make multiple sources that work together and benefit each other.

Alexander Snelling

Goals For The Blog

Goals For This Blog

The video above shows the goals for the youtube channel but they also apply to this blog.

Growing a community around tech and finance for fun and education. If you are interested in either I urge you to have a look around and see if this is something you like. Make yourself an account and become a member of our budding community.

We are going to be hosting projects, jams and goals that you can get involved in on the website. Articles with the details of projects and community submission projects. These videos will also be on the youtube channel linked above.

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Join our community and get involved.