Category Archives: Money and Finance

owning business

Benefits of Having Your Own Business

owning businessMillions of people work hard for a living by working for a company and a boss ever single day. A lot of them are happy doing what they do, day in and out with no trouble or worry about it at all. There is fact absolutely nothing wrong with that at all ! If that is what is making that particular invidual happy, then to each his own. You do what absolutely have to do in order to make sure that ends meet and that business is being taken care of with paying off bills, keeping a roof over you and your family’s head and keeping food on the table. But, what if there was, let’s say a better way to doing that. A better and easier way to earn money and provide all the things necessary and required for your family to flourish and live comfortably, would you in fact be interested in possibly learning how to do that at all ? A way that this could be achieved is by starting and having your own business. There are a ton of things and reasons why more than thousands of people do this each and every year. The benefits of going into business for oneself is limitless, but here are the most common reasons and benefits why one would want to begin their own business:

1. They usually get to make their own hours. No alarm clock required! For example: a person could decide that he or she will work 5-10 hours per week and take off time whenever they pleased.

2. They can set and adjust how much they would like to be paid and when. Boy, wouldn’t that sure be nice. Depending on the business type and methods of pay accepted, that could range from credit card, checks, money orders, cash and many other options now available to people.

3. They can spend more time with their family, friends and doing more things that they enjoy doing. If that isn’t a reason, I don’t know what is. You can kick back, relax and do whatever you want when you are ready.

So this is basically just a few of the benefits of having your own business. There are actually hundred’s of more reasons as to why, but try doing more research on starting a business for yourself and see if this would be the right choice for you.

If you this a choice you want to make for your lifestyle, be sure to take every chance you get to prepare for this large responsibility. Consider the options of attending business seminars or choosing classes from a number of mba online programs.


5 Ways to Earn Extra Money

makemoreSo, you need to earn extra money in a short period of time. If so, you best believe that you are not the only one. You may want to earn some extra cash for one of a hundred reasons. Some of the main reason being that a person might need to pay some bills that may be overdue and they need to make some cash in a hurry, they need a supplementary income to pay off the little extra things here and there (like food, or personal hygiene items), they want to buy someone close to them a gift, they may need the money to put more gas in their car more often, or they just may even need to accumulate more funds in order to help support their life style and way of living. Many people would love to have a way to make some more money on the side, and there are literally hundreds of ways of going about doing that. I will only go over a few though – some of which have personally been good to me over the years.

1. Buy and Sell Things on The Internet – Gather up all of your old items and things that you don’t need anymore like clothes, furniture, shoes, video game systems, old gifts, computers, etc. Anything that you won’t be needing anymore and list their descriptions on classified sites and major auction websites.

2. Work Freelance on Your Computer – A lot of people at times will hire people to do simple and small tasks for them on their computer and they get paid to do them. It could serve as a nice little extra income.

3. Write an E-book or Make You Own Digital Product – The subject can range from anything from cooking to tips on improving your home and anything else you could imagine. Once you’ve written your product, sell it.

4. Affiliate Marketing Online – This way, you can sell other people’s products, most of the hard work is already done!

5. Start Your Own Business – Go into business for yourself and earn as much or little as you need to, it’s as simple as that !


Ways to Invest Your Savings

Ever heard of stories about old people storing their life savings in shoe boxes or some hole in the wall of their homes? Financially, that’s a bad move for several reasons. What if the house burnt down? Shoe boxes can’t protect those bills from fire. And letting all that cash “sleep” without earning interest is just wasted opportunity. Here are some ideas on what to do with the money.

Consider diversifying. If you have enough money in your savings account. Consider diversifying where you place it. Savings accounts usually have measly interest rates and it’s better off stored in other types of accounts or investments

Put up an emergency fund. Before diversifying, make sure that you have an umbrella for the rainy day. Consider taking out 6 to 12 months’ worth of living expenses and place them in a highly accessible savings account.

Get a high-interest deposit account. Now that you have an emergency fund, consider placing your money where it can earn. How much it earns depends on the risk you’re willing to take. Certificates of Time Deposit commits your money to a longer term to the bank but it earns a tad more interest than a regular savings account. And they’re protected by the FDIC even if the bank goes bust.

Get insurance and retirement funds. Worried about the wife and the kids just in case you suddenly pass away? Get some insurance with your money.

Buy bonds and stocks. Stocks can earn you higher but has more risk (you can lose money).  Bonds are like lending the bank your money for them to use. Depending on the type of bond. Still, this can carry risk. But since you already have an emergency fund and some money stashed away (in CTDs), you may try and grow part of your money this way.

Invest on property. Thanks to the housing bubble crash, it’s still a good time to buy good but cheap property. Real estate values can fluctuate but at least you’re owning something tangible. Besides, you can always rent out property even if you decided not to live in it.

Haggle in Good Taste

Being a tightwad doesn’t mean that you have to be a horrible Scrooge of a cheapskate. Sure, asking for discounts is one thing, but there are times that doing it can be in bad taste. These days, saving even a few cents is pretty much understandable but mind you that there are times when it can be annoying. Here are a few tips on how to haggle in good taste.

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Curbing Impulse Gadget Buying

One of the bad things about this rapid obsolescence of technology is a perpetual state of GAS. And we’re not talking about the need to burp or pass it out, it’s gear acquisition syndrome. You just have to have the latest, the smallest and the fastest gadget around. It comes with a very dear price though – on your finances. Here are some ideas to curb that wanting and keep your finances in the black.

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Living Within Your Budget

Some people just don’t get the very simple rule of financial wellness – living within your means. It can be challenging, of course, with all the temptation of keeping up with the Joneses. The fact of the matter is, the Joneses are struggling too. So why follow a bad example? Here are some ideas for living within your budget.

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