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How To Make Money FAST!

Need a little extra cash in a hurry? Follow these steps and you’re bound to have a fuller pocket by the end of the week. It may not be much, and it may not be reliable, but your options are limited if you’re short on time. Later, you can read up on long-term ways to make money. Otherwise, hurry up and follow these steps so you can make money ASAP!

Steps

1. Consider day labor. There are employment agencies that specialize in this type of arrangement, and you can get paid at the end of the workday. The jobs you find through an agency can vary, but are usually in construction, factories, offices, and manufacturing. An alternative to finding day labor is to go where other day laborers meet (usually street corners or parking lots) and wait for employers (building contractors, landscapers, home owners and small business owners). If you go the non-agency route, you might get paid in cash. You can also check your local newspaper or internet classifieds to find quick labor gigs, like painting, mowing, or moving work. When considering a day labor opportunity, keep in mind that less formal arrangements could result in you not getting paid or worse, you getting injured without any kind of compensation.

2. Sell something. Dig out that old guitar you never play, those CDs you don’t listen to anymore, or your antique toy collection. Go to the pawnshop, put an ad on local internet classifieds, or hold a yard sale in front of your house or on a busy street corner (just display the item with a big sign announcing the ridiculously low price). Price items at half of what somebody would be able to buy them for anywhere else, and you may be able to sell them within an hour or two. You can also sell items online at web sites like eBay, Amazon and Craig`s list.

3. Fill out surveys online. Companies who want to know what’s on the minds of their customers are willing to pay for your opinion. Online surveys won’t make you rich, and won’t allow you to quit your day job, but you can make a little extra cash. When choosing between surveys, read the fine print. There is usually an asterisk near the “you won” part. This means you have to do something like buying stuff before you even get to talk about your prize. Don’t fall into these sorts of traps, they’re ridiculously difficult and not worth it. In general, the more companies you sign up with, the more survey requests you’ll receive in your email and more opportunity you’ll have to make money.

4. Become a street performer. If you can dance, play music, or tell jokes, you can probably get some cash by performing in public. But don’t do this unless you are actually good at it. Put together a good act and find a place to perform. Give people a dose of live entertainment, and hopefully they’ll reward you with tips.

5. Panhandle. A panhandler is a person who depends on the spontaneous charity of strangers for their survival. If you really need the cash, you might swallow your pride and decide to ask for help. Make a sign, find a good location, ask politely for money, and say thank you. Cyberbegging is becoming increasingly popular, and there have been some amazing success stories, but these are the exception rather than the rule. While there are some sites on which you can beg just by putting up a brief ad, if you’re looking to make any substantial money you’ll probably have to build your own site and invest the time and money into it to make it successful.

6. “Donate” plasma. Plasma is a component of blood, and the process is similar to donating blood. You’re not permitted to actually sell your plasma, but you can be compensated for your time spent donating (and essentially, it’s like selling your plasma). Your blood is drawn, the plasma is separated, and the red blood cells are returned to your body. You can make US$20-30 per visit and give plasma twice a week, but you must weigh at least 110 pounds, be between the ages of 18 and 59, and be in good health.[1] Many college students do this to make extra cash.[2] If you haven’t been to the doctor in a while, this may be a good way to get a free health checkup.[3]

7. Recycle. Broke because you bought too much soda? Turn the old cans into cash by bringing them in to be recycled. If you don’t have your own cans, go looking for them in trash cans or along busy roads, especially rural roads. Call up several recyclers to compare prices. If you live in a state with a bottle or can deposit system, you may be able to get 5 or 10 US cents per container. Other scrap metals are also worth something, so if you’ve got a big pile of scrap in your backyard or you know of an illegal dumpsite, you can pick it up in your truck and anywhere from 1 or 2 cents per pound for scrap steel to considerably more for metals such as copper or aluminum.[4]

8. Open a lemonade stand. Especially if you’re a kid, a lemonade stand or baked goods stand can bring in good money in one day. If the lemonade isn’t selling, or you want to diversify, sell cookies and brownies as well. The important thing here is to find a good location, like the main entrance to an apartment building, outside a shopping center, on a busy corner near your house, or outside one of your parents’ workplaces (if you’re a kid; otherwise you might get in trouble).

9. Enter sweepstakes. By choosing sweepstakes carefully, you can increase your likelihood of hitting the jackpot (or at least getting a few useful freebies that you can sell, as mentioned above). Search the internet– there are even internet databases, some free and some by subscription only, that can clue you in to hundreds or thousands of sweepstakes. Sweepstakes with smaller prizes can be great because you generally have a more realistic chance of winning. Don’t, however, waste your time entering a sweepstakes for a prize you don’t want and can’t easily sell for a good profit. Enter as many times as possible. The more times you enter, the better your odds. It’s as simple as that. Before you send in a million entries, however, make sure you know how many entries the rules allow you.

10. Become a moving advertisement. Creative marketing companies might be willing to pay you to get their name out there. Some interesting strategies that people have gotten paid for:
Turning their car into a moving advertisement; there are companies with bumper sticker programs as well.

Wearing t-shirts, clothes, costumes that advertise a business.

Temporary tattoos on the forehead, a pregnant belly, and other parts of the body.[5][6]

Warnings
Make sure that whatever you’re doing doesn’t violate any local laws or regulations.
If going the day laborer route, keep in mind that there is animus against these types of workers, i.e. illegal aliens.

by wikiHows

How To Make Money in the long run

Sally Struthers once posed the timeless question in a TV commercial, “Do you want to make more money?” Without hesitation, she answered, “Of course, we all do.” How did she know?
Actually, this remarkable revelation isn’t so startling when you consider that money not only makes the world go ’round, but also, apparently, talks. If your world has stopped spinning, or if you’re having trouble talking, you’ve come to the right place. There are several different ways to make some quick cash today, but here’s how to make money in the long run.
Steps

1. Use the law of supply and demand to your advantage.

Most of us are familiar with the law of supply and demand–the more there is of something, the cheaper it is; conversely, the rarer the product or service, the more expensive it is. However, other than when we get to a toy store before sunrise to get on line for the latest fad toy that kids can’t get enough of, we don’t really apply the law of supply and demand to our own lives–particularly our careers. For example, if you’re aspiring to do something that many, many other people want to do (so much so that they do it for free, as a hobby) then it will be far more challenging for you to make money doing it. On the other hand, if you do something that most people don’t want to do, or if you get very good at doing something most people don’t do all that well, then you can make a whole lot more money. In other words, choose a career in pharmacy over photography.

Does your job offer upward mobility? If your career path is going nowhere, resign gracefully and switch careers. Research occupations to find out how much they pay and what their future outlook is (in the U.S., you can find this information in the Bureau of Labor Statistics Occupational Outlook Handbook). Find an occupation that pays well, and invest in the education and/or training to get you that job. Look for employers that offer competitive salaries and ample opportunity for advancement.
If your goal is to make enough money to retire early, prioritize earning potential over job satisfaction, since you plan on getting out of the rat race early, anyway. Consider the types of jobs that pay extraordinarily well in exchange for hard work, little psychological satisfaction, and a punishing lifestyle, such as investment banking, sales, and engineering. If you can keep your expenses low and do this for about 10 years, you can save a nest egg for a modest but youthful retirement, or to supplement your income while you do something you really love doing but doesn’t pay much. But keep in mind that delayed gratification requires clear goal-setting and strong willpower.

2. Recognize that time is money. This critical piece of advice is attributed to Benjamin Franklin, who was an accomplished American inventor, journalist, printer, diplomat, and statesman–the ultimate multitasker. Your ability to manage your time (and stop procrastinating) is a critical ingredient in your ability to make money. Whether you have a job or are self-employed, keep track of what you’re spending your time on. Ask yourself “Which of these activities make the most money, and which of them are a waste of time?” Do more of the former and less of the latter, simple as that. When you’re focusing on high-priority tasks, get the job done well, and get the job done fast. By working efficiently, you’re giving your employer or clients more time, and they’ll appreciate you for it. Remember that time is a limited resource that you’re always investing. Will your investments pay off?

3 Jack up your prices. If you’re providing a skill, service or product that is in high demand and low supply, and you’re making the most of your time, you should be making good money. Unfortunately, there are many people who are too humble or fearful to demand that they get paid accordingly. It’s the pushovers in life who get taken advantage of and exploited, so if you think you might be one of them, learn how to stop being a people pleaser. If you work for someone else, ask for a pay raise or get a promotion, and if none of that pans out, revisit your career options as described previously. If you’re self-employed, the first thing to do is to make sure your customers and clients pay up on time–this alone can substantially improve your income. Check your prices and rates against those of your competitors–are you undercutting them? Why? If you’re providing a superior product or service, you should be getting at least the average, unless your profitability depends on mass production, in which case you’re probably making a lot of money and wouldn’t be reading this article anyway!

4. Be proactive. Remember Murphy’s Law: “Whatever can go wrong will go wrong.” Make plans, complete with as many calculations as possible, then anticipate everything that can go wrong. Then make contingency or backup plans for each scenario. Don’t leave anything to luck. If you’re writing a business plan, for example, do your best to estimate when you’ll break even, then multiply that time frame by three to get a more realistic date; and after you’ve identified all the costs, add 20% to that for costs that will come up that you didn’t anticipate.[1] Your best defense against Murphy’s law is to assume the worst, and brace yourself. An appropriate amount of insurance may be something worth considering. Don’t forget the advice of Louis Pasteur, a French chemist who made several incredible breakthroughs in the causes and prevention of disease: “Luck favors the prepared mind.”

5. Redefine wealth. In studies of millionaires, people are surprised to learn that most millionaires aren’t doctors, lawyers, and corporate leaders with big houses and fancy cars; they’re people who religiously live below their means and invest the surplus into assets, rather than liabilities.[2] As you’re taking the above steps to make more money, keep in mind that increased income does not necessarily equal increased wealth. Most people who flaunt their wealth actually have a low net worth because their debt to asset ratio is high–in other words, they owe a whole lot more money than they actually have. All of the previous steps have outlined aggressive strategies for making money, but you’ll never get anywhere if you have a hole in your pocket.

They say that a penny saved is a penny earned. Actually, when you consider that you pay taxes on every penny you earn, you really do make more money by saving than by increasing your income, especially if the extra income will increase your tax rate dramatically. For example, let’s say you have a choice between saving $100 or earning an extra $100. If you pay 15% taxes, then when you earn an $100, you only get $85. But when you shave $100 off of your existing budget, you keep it all. To sweeten the deal further, if you take advantage of compound interest as found in most savings accounts, over time you’ll start making money on the amount saved plus previous interest paid on that amount saved. It’ll be pennies at first, but eventually the amount will multiply exponentially.

Take advantage of tax laws if you’re self-employed. Money saved on taxes is still money saved. You may be able to deduct many of your business expenses (use of your home, use of your car, office supplies, etc.) if you keep good records. You may also qualify for tax breaks, such as deducting your health insurance premiums on your tax return. These laws are in place to encourage commerce and business growth, so don’t neglect their benefits.

If you’re not self-employed and work for a company, find out if they have a retirement plan. If you’re lucky, employers will sometimes match contributions you make into a retirement fund. Retirement plans also often have the benefit of being tax-deferred. The longer you get to keep your money (and make interest on it) the better.

6. Know the difference between an asset and a liability. The dividing line is whether it puts money in your pocket, or takes it out.[3] As much as you love your home, for instance, it is a liability rather than an asset because you put more money into it than you get out of it (unless you’re flipping it or renting it out). Whatever money you save, invest it in assets such as stocks, mutual funds, patents, copyrighted works–anything that generates interest or royalties. Eventually, you might get to the point where your assets are doing the work for you, and all you have to do is sit there and make money!

Watch out for inflation chipping away at your assets. We’ve all heard an elderly person describe the purchasing power of a coin in their day. Inflation continues to make today’s money worth less in the future. To win the race against time and inflation, learn to invest your money in the right places. A savings account might help you to keep up with inflation; however, to stay ahead of the game you’ll want to invest in bonds, stocks, or some other investment that returns above the average rate of inflation (currently 3%-4%).

Tips
Work on eliminating any debt you may have. When you have a high debt load, you’re making someone else money; what you pay in interest is their paycheck. The sooner you repay your loans and debts, the sooner you stop giving your money away.

Start analyzing your decisions from the perspective of a firm. In economics, a firm’s goal is simply to maximize profit. Well-run firms spend money only if they can expect to make more money from their investment, and they allocate their resources to the most profitable use. You’re not a firm, of course, and you have other considerations, but if you make the majority of your time and money decisions by choosing the options that promise the highest return on investment, you’ll likely earn more money, and that’s good news for your shareholders (you and your family).

Warnings

Beware get-rich-quick schemes. Millions of people still get caught up in them. If it’s too good to be true, it’s truly no good. People who know how to get rich are busy getting rich. They are not advertising methods to get rich.

Don’t lose sight of what’s really important to you in your quest for money. Sure, you may be able to make more if you work longer hours, but will you and your family get to enjoy the extra money? Money can do a lot of things for you, but don’t work yourself to death – you can’t take it with you.

by wikiHows

The Most Important Money Tip

Personal finance is easy. It’s simple. There is one fundamental law that governs your money. If you master this, you have mastered the entire game: To gain wealth, you must spend less than you earn.

In David Copperfield — one of my favorite books — Charles Dickens wrote:

Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.

That’s all it takes. Think of it another way. Think of it like an arithmetic equation:

[WEALTH] = [WHAT YOU EARN] – [WHAT YOU SPEND]

If you spend more than you earn, you are losing wealth. You are accumulating debt. You are heading in the wrong direction. However, if you are earning more than you spend, you are accumulating wealth. The greater the gap you can create between earning and spending, the faster you will accumulate wealth. There are only two things you can do to gain more wealth: spend less and earn more.

Spending less is something that you can do right now with little or no effort. Just stop spending money. Seriously. That’s it. Don’t buy things. Sure, you need to buy some things, but if you learn to pay less for the essentials (food, shelter, clothing), and if you can learn to reduce your wants, you can trim spending by a shocking amount. Learn how to shop for groceries and to make your own food. Develop a frugal mindset. Live simply.

Earning money is the other half of the wealth equation. If you can increase the amount you earn, you will accumulate wealth more quickly. Because earning money is so important, many personal finance books stress that your career is your most important asset. Your most important asset is not your house; it’s not your investment account; it is not — heaven forbid — your car. It’s your career. This is why a college education is so important: it can help you land a better job, can increase your earning power. This is why your professional reputation is so important: what your employer thinks of you, what your co-workers think of you, what your customers think of you all play a role in your success. If you treat your career like a prized possession, you’ll have greater success at finding better paying, more-fulfilling jobs.

This may seem petty or obvious. But smart personal finance really is this simple: spend less than you earn. Everything else — the paying yourself first, the investing ten percent of what you make, the emergency fund, the debt snowball — everything else is simply done in support of this fundamental law. When you grasp this concept, most financial decisions become obvious.

by J.D. Roth

Supplement Your Income as a Freelance Language Translator

It was another boring evening in November 1999. After a few weeks of being unemployed, I started looking for ways on the Internet to earn some cash.
I was frustrated.

All I encountered was get-rich-quick scam after another. I soon realized that I had to look within myself – my skills, knowledge and interests – and go from there.

It would take time.

During this time, the Internet was booming. Web sites kept popping up and it seemed that everyone had their mark on the Web. So I thought, “Why don’t I make one for myself?” I wasn’t desperate enough for money and I had all this time in the world to come up with something.

Right off the bat, I saw two problems. First, I didn’t know anything about HTML. But I was determined. And never underestimate the power of determination! There had to be a way for me to create something simple. Second, even if I did find a way, I had no idea what I would like to put on the site. I always envied people with special talents, unique hobbies or significant accomplishments. I had none. I was simply an average person with average abilities. Writing didn’t count, as at the time, I really hadn’t produced anything concrete.

Then I remembered. Well, I did have this one “specialty” – fluency in another language. Fresh out of high school, I left Indonesia for the United States to pursue a higher education. However, I honestly doubted that something would come out of it. Indonesian language, while spoken by over 200 million people, was not common or high in demand in comparison to Spanish, French, Germany or other Asian languages such as Chinese and Japanese. Indonesian was even less commonly known than other “exotic” languages like Thai, Tagalog, Vietnamese and Arabic.

Besides, if there were such a demand, why would people pay me to translate? For one thing, I was not certified. And whilst I considered myself proficient in both English and Indonesian, I didn’t have any experience whatsoever in the translation field. Why would someone hire an inexperienced, unverified translator? I knew I had the skills and I believed that I could do the job, but I had no reference to prove my capabilities in this field. I needed to have the experience in order to find work, but I needed to find the work first in order to have the experience.

I kept finding more and more excuses of why this was not possible. I almost nixed the idea. But I had nothing to lose – except time. Thus I did further legwork on translation. First, I researched the basics. The specialties. The rates. The turnaround time. I visited a lot of individual translator Web sites and picked up a number of tips.

I outlined the content structure on paper and started typing on Notepad. Before coming down to the basics, I opened with a short “story” to pull in the readers, facts of translation horrors. Later I decided what I would like to include about myself that people would find helpful. Resume and general reference. Furthermore, I devised an “invoice” form to add a professional touch. I figured that businesses would likely need a “bill” for them to authorize payment for a completed job and also for record-keeping purpose.

Slowly but surely, things were coming together. All I needed was a free Web site and Web hosting, as I didn’t have the means to register my own domain. I once again scoured the cyberspace for free sites, most notably Geocities, AngelFire, Yahoo, HyperMart and FreeYellow. After comparing the features, I finally decided to settle on FreeYellow. I wasn’t concerned enough with the odd name as I was with the maximum space limit, availability of templates, ease of use and reliability.

The task seemed daunting at first, but I quickly found it to be incredibly easy. I chose a boilerplate with simple background color, divider, graphics and composition, and copied and pasted the text from the Notepad into the appropriate section (heading, body text, conclusion and links). I also visited HTMLGoodies.com for a few tips. Since I had the text written up, within minutes, my Web site was up. I remember how excited I was. I couldn’t believe that I was able to “pull this off.” In addition, I downloaded an English/Indonesian and Indonesian/English dictionary freeware for my reference.

Now onto the phase of marketing my service. I searched the Internet for translation databases, similar to job databases, and register my profile, such as Aquarius.net, ProZ.com, TransRef.com and TranslatorWeb.com. As time permitted, I kept finding smaller sites where I could sign up to be listed. Sometimes, I took the mandatory test so that I could be put in their file.

I was no longer deterred by the fact that I had no experience or referral to back me up. All I needed was one client whom I would do a great job and was willing to be used as a future reference. Months later, I gained my first client.

I’ve learned that translation agency is the best way to go. Thus I’ve sent out introductory letters, briefly explaining about my service and qualifications, and direct them to my site for further information. Major companies or organizations often do not advertise their need for translators, let alone a translator for an uncommon language such as Indonesian. I also believe that, in general, they’re nervous in hiring individual translators directly.

Translation is foreign – it is one of those rare occupations where people do not understand what we do. How could they evaluate our work if they don’t understand the language? With translation agencies, generally, they either have or hire an additional person, usually another translator to specifically proofread or edit our work. It’s a win-win situation – for the company who needs quality control, the agency who needs translators to do the work, and the translator who needs the translation agency to find the work.

The process would usually involve an RFQ (Request for Quote) by the agency via e-mail or phone, acceptance of work by the translator through a job order, turning in the work (usually as an e-mail attachment) and bill the agency with an invoice. That’s it.

Here’s the kicker – a lot of translation agencies don’t even bother to check for references. The main reason is because translation is very deadline-oriented. When people need the service, they are frequently working against really tight deadline or in a time crunch. All they need is a guarantee that the translator can turn in quality work on time.

From time to time, I still e-mail a few letters out to whenever I think someone might need my service or update old clients when there is a significant change. Once in awhile, I answer questions for people who need a couple of words translated or give advices for free. Who knows what this might lead to? Besides, it’s rewarding to help people whenever I can.

Translation is not a stable job – the work fluctuates greatly. And it can be stressful working past midnight to meet a deadline. I don’t think we can ever rely on it as a primary source of income, but it can be a nice supplement. It can be just what you need to afford those extras in life.

If you are proficient in more than one language, there is a market out there that needs your service. Go for it! There is no start-up cost, it’s easy to set up and it’s risk-free. You are an expert because of your specialty. Put forth the effort.

I wish you the best in your future translation endeavors.

If you are proficient in more than one language, there is a market out there that needs your service. Go for it! There is no start-up cost, it’s easy to set up and it’s risk-free.

by Nathalia Aryani

Freelance Writing: A Career From Anywhere

An island in the Mediterranean. A beach in Africa. The east coast of New Zealand. What do these locations have in common? A recent call for assistance from freelance writers elicited replies from every one of these locations. In each of these and in many other remote places, I know of writers who are freelancing with a fair degree of success.
Indeed it is possible for freelance writers to work from anywhere.

Consider my own recent experience.

As the editor of the Worldwide Freelance Writer web site, I publish a newsletter that goes out to thousands of freelance writers around the world. I can recall one particular issue in the middle of 2002. I started planning the newsletter in the heat and humidity of Hong Kong. When the first draft came together I was in Indianapolis, in the United States. And by the time I completed the final copy and pushed the send button I was at a lakeside cottage in Ontario, Canada, with snow lightly falling outside.

Maybe you are interested in a freelance writing career but you worry about whether you live in a suitable location. Well, think again. Freelance writing is a job you can do from anywhere. It is true that if your home is near New York’s editorial offices you may be able to use your proximity to some advantage. But many, many freelance writers are working successfully from more distant locations, and in many cases enjoying a better lifestyle in the places where they live.

Take Ron Irwin, for example. An American, Ron freelances from a small house on the beach in Cape Town, South Africa. The majority of his work is still for North American markets. Consider Vella Corinne, a native of Malta in the center of the Mediterranean Sea. From this island steeped in history – the Order of St John was based here and the temples are thought to be older than the pyramids – she writes travel and lifestyle features.

Writers in locations such as these, far from being at a serious disadvantage, can actually enjoy a number of benefits. For a start, these writers are in an excellent position to write about their own locations, the people and the culture. Also, the living costs are often less expensive than for writers in major cities. And if that is not enough, how about fresh, clean air?

Writers working from remote locations usually live in a cleaner, more peaceful environment, and may live closer to outdoor and recreational activities. Vella reveals how she enjoys the warmer days: “Once I pack up my computer, I just head to the beach. Distances are short and, the island being small, I’m always close to the center of whatever’s happening here. I can control my own time in a way that I could not if I lived in a busy city.”

Twenty years ago writers in remote locations were often frustrated by the slowness of communicating with editors on the other side of the world. It would always take months to receive a reply from an editor. Waiting for a response to a query was about as exciting as watching grass grow!

In recent years the availability of the Internet has made it easier than ever before for freelancers to communicate almost instantly with anyone, anywhere in the world. In my own example above I traveled through a few countries over a three-week period and managed to conduct my freelance work at the same time. Many of my clients didn’t even know I was ‘on the move’. Little did they know that between receiving and replying to their messages, I was fishing in the lake and hiking through the woods. I could easily keep in touch with important contacts, as well as write and send out my newsletter.

But do you know what was even more exciting? While I was traveling my web site was hard at work, the entire time, ‘day and night’. Even while I was flying at thirty thousand feet, taking a nap, I was effectively selling a bunch of writing-related books and products. Now if that isn’t a freelancer’s dream becoming reality, I don’t know what is! Such accomplishments were definitely not so attainable before the advent of email and the World Wide Web.

Kathy Crockett freelances from Gisborne, New Zealand, on the east coast of the North Island. She commented to me on the difference technology makes when working from such a location. “It’s a city of 35,000”, she explains, “the closest to the international dateline, and the first city in the world to see the sun each day. Its closest city-size neighbors are three hours drive on windy roads…the internet, mobile phones…technology lets me be wherever I want to be… and fool others into thinking I’m where they’d like me to be!”

Of course working remotely is not always easy and there are a number of challenges that writers typically face. Isolation is a common issue. Vella explained to me she has a way of dealing with it. “At times it feels like I have a totally atomized existence. I balance that by scheduling some ‘face time’ each day”, she explains. I agree with her. Sometimes you must make a conscious effort to spend time with family, friends, or other writers.

Another challenge may be difficulties with technology. Finding a PC repair shop may be next to impossible. Internet access may be unavailable or unreliable. There are many, many places in the world that don’t even have telephone lines yet, not to mention email access. You can still work as a freelance writer from these locations, but it will not be as convenient. If you have any choice where you live, always try to choose a town that has telephone lines with reliable Internet access.

And that goes for working while you are on holiday too. Check the available technology in advance. In the example of my trip above, I received a surprise. There was no telephone line or email access in the cottage. My initial panic subsided when I discovered a telephone not too far away. In freezing temperatures, I trudged up the road. When I pushed the button to send out my newsletter my notebook computer was plugged into a payphone.

Are writers in remote locations at a serious disadvantage? No way! I am sold on the concept that you can work as a freelance writer from anywhere. And while you will face some challenges, none of them will be insurmountable.

So if you’re looking for a career you can do from anywhere, look no further. The writers I referred to and many others are working successfully right where they are. And so can you. Open up your notebook. Start writing. You can begin to build a rewarding career as a freelance writer today.

It is now easier than ever for freelancers to communicate almost instantly with anyone, anywhere in the world. Writers in remote locations, far from being at a serious disadvantage, can actually enjoy a number of benefits.

by Gary McLaren

7 Places to Keep and Grow Your Money

Many of my friends work (or blog) strive hard to make more money but do not have a plan for their money. They leave all their money in the bank savings account. It is not a good way to keep your money. Your money is losing its value due to the inflation. Here I share with you the places I keep my money (no, not under pillow).

Bank / Saving Account — The first place where my online revenue goes into. Saving account has very low interest rate but high flexibility (withdraw anytime). I have accounts in 3 main local banks, all with e-banking access. Saving account served as a “temporary storage” for my money before they go to other places.

Fixed Deposit — Low risk and higher interest rate than saving account. My fixed deposit (FD) served as my emergency funds. I have a 3-month FD (auto renewal) that enough for my 6 months living. I do not put a higher interest rate 12-month fixed deposit, because 3-month is more balance on flexibility and returns.

Mutual Funds / Unit Trusts — Higher risk and (generally) higher returns than Fixed Deposit. It is managed by professional fund manager and invest in stocks, bonds, money market, and/or other securities. Save time and lower the risk of doing investments by yourselves. I bought my 1st unit trust funds at the end of 2006. Now I have several unit trust funds with monthly re-investments. Most of my money goes there.

Gold — the yellow precious metal. Gold price is increasing steady in the past years. It is a long term investment. Last week, I opened a gold saving account to turn my money into gold. I plan to to buy gold at a monthly basis.

EPF — I am self-employed, can I have EPF or Employees Provident Fund? Yes, you can. My accountant tips me that I can do an EPF voluntary contribution. Not only that I can earn interest returns (5+% per annual) but also save on income tax (claim up to 6K).

Soon…

Beside the above 5 places to keep and grow my money, I plan to put my money into the following 2 places:

Stocks — The fastest place to make/lose money. I plan to put some of my money into some blue chip stocks as long term investment. It is exciting to study the market.

House — Everyone needs a “shell”. I plan to buy a house (preferably landed property) as my long term investment. But, it is not easy to get an ideal house.

Conclusion

In the end, I do not have much cash in my bank saving accounts. My money are in different baskets, each with different risks &amp returns.

While you are working hard to make more money, don’t forget to plan for your money. Do some researches, ask your friends, or read a book.

How to make money less important to you

Top 4 tips on how to make money less important to you.

Do you find yourself constantly obsessing over money? Do you end up being really stressed by constant thoughts of debt and budgeting? Do you worry about whether or not you have enough money? Do you worry about whether or not you have enough stuff?

Studies have shown that one of the biggest sources of stress and anxiety is money. And people worry about all kinds of things when it comes to money: do I have enough money right now? Will I ever have enough money? Can I buy as many things as I want? And some people even worry about whether or not they actually deserve the money that they do have.

However, worrying constantly about money is not healthy and it can lead to actual anxiety and panic disorders, can exacerbate physical conditions, and can help contribute to depression. While it obviously is not wise to stop thinking about money entirely and just letting things go as they will, you can take steps to ensure that money is less important to you and your anxiety related to money is not as overwhelming.

1. Pay down your debt. Pay down especially your credit cards.

Debt is one of the biggest sources of stress that is out there. So take care of your debt right now. Make a list of all of your sources of debt. For most people, the biggest source of debt is their credit cards. Include next to the debt amounts the interest rates on your different debts.

Now it’s time to come up with a debt payment game plant. Choose the source of debt with the highest interest rate. You will pay off the minimum amount on all other debt, and put most of your money towards this particular card or other source. Once you finish paying it off, roll that money over to your next highest interest rate card. Do this with each card until you have paid off all of them.

2. Set up automatic bill payment.

It’s a good idea for a lot of people who have trouble paying their bills on time to set up automatic bill payment. Most banks will set up automatic bill payment without any charge at all. A number of different companies, like credit card companies and utilities, will also automatically deduct your bills from your bank account. However, make sure that you remember how much your bills are going to be and how much money will end up coming out of your account. Otherwise you will end up spending your bill money and will have to worry about money even more.

3. Pay yourself every month.

When people are paying off all of their bills and buying all of their toys, one of the things that they forget to pay is their own savings account. Pay yourself a set amount of money every single week, or a set percentage of every single paycheck. Don’t vary this amount. Make sure that you can afford it and then don’t avoid paying it. This will provide a cushion for retirement or a serious financial emergency.

4. Reprioritize.

While it seems like material possessions are really important, and there are lots of things that you are want, reevaluate your life. What are really the most valuable things for you? Is it your friends and your associations with them? Is it art? Sports? Family? Keep things in perspective by remembering that ultimately your boat, while it’s fun now, is going to break down. Your TV will have to be replaced. Focus your attention on longer lasting things that are more emotionally fulfilling. Instead of thinking about everything that you don’t have, think about what you do have and how it makes you happy.

by DF

Developing a business idea

Having a great business idea is the easy part. Turning that into a successful business takes a whole lot of planning, research and commitment.

Why start your own business?

Despite the hard work involved, starting your own business can be a very rewarding experience. Consider these reasons and come up a list of your own:

To be your own boss

To be able to work flexible hours

To develop your own creative ideas

To take advantage of a market that you think you can provide for
Will my business idea work?

Define your business idea and write down answers to these questions:

1.What is my business idea?

2.What skills do I have?

3.Will people buy my products or services?

4.How much will they pay for my products or services?

5.Who are my competitors?

6.How can I do things differently?

7.How many sales will I make in my first year of operation?

8.What kind of expenses will there be?

9.Can I make enough money to keep the business and myself going?

Start researching your industry and your market. Your business idea will take shape when you conduct your research and start writing your business plan.

Writing a business plan

Careful research and planning is the key to making your business idea a success. A business plan not only provides a map for implementing your business idea, it’s really helpful when you’re trying to get financial help.

Having a well-developed business plan can convince people you’re seeking help from that you are serious about your idea and that you know what it will take to make that idea work.

Starting a business without a business plan is like going on a road trip to a place you’ve never been before without a map or enough petrol in your tank.

by www.youthcentral.vic.gov.au

Why Money is Important

This weekend, I started re-reading Napoleon Hill’s classic, Think & Grow Rich.

I read the book for the first time several months ago at a time when I was interested more in consciousness-building and less in financial matters. Many of the essential concepts resonated within me – especially the connections between thoughts and “self-creation.”

In the last few weeks, my thoughts have turned more and more towards financial issues. I began to identify an important relationship between life success & financial success through consideration of time management. As Brian Tracy puts it, “managing time is really about managing your life – it’s not just time management, it’s life management.”

My current financial picture is quite good and one I think many people would find envious. Still, I don’t feel independent enough to make decisions freely. Financial freedom, as a fellow blogger has illustrated, can enable personal and spiritual freedom. Many modern societies have a confused relationship with money. Although capitalist economic systems make it quite clear that money talks, many people are raised to believe otherwise. Some even few money as the root of evil.

The Financial Comfort Zone

While in college, I opened up to progressive viewpoints and alternative ways of seeing the world. At some point, I internalized the belief that money corrupts. I wanted to live a life of meaning and help improve the world in some way. Of course, I didn’t want to be poor. Instead, I saw myself falling somewhere in the middle. This is a typical American paradigm: the bottom and the top are horrible places to be – good people fall somewhere in the middle. We have so much cultural anxiety about this issue that most people will identify themselves as “Middle Class,” applying the qualifiers low- and upper-middle to avoid taking on the label “rich” or “poor.”

The Middle Class represents America’s comfort zone. It is an average way of living life. It is typical. And, in my view, this financial comfort zone typically includes a comfort zone of values, lifestyle, personality, and even life purpose.

To challenge this common notion that money is not important, I have put together a list of reasons I believe money is important and should be considered an important component of success….

Enables personal freedom

There is no real security in working for someone else. Even if you’re earning a solid six-figure income as a successful leader or salesperson, your freedom is tied to a specific station (perhaps even a specific geographic location). Although I am a firm believer in the power of entrepreneurship, many people can find fulfillment in a traditional job. But freedom will only come when you have a high degree of flexibility because of an established savings and investment plan.

Provides opportunities to give

I have heard that the magic formula for creating wealth is 10 & 10. That’s 10% for saving and another 10% for donating. Others argue for 20 & 10 or 20 & 20. Either way, giving can be a wonderful way to support positive organizations, individuals, and institutions that bring real value to the world. While anyone can give with even a small income, the more you have the easier it is to give.

Enhances material experience

I heard once that “We’re not human beings having a spiritual experience – We’re spiritual beings having a human experience.” The material world around us is vastly abundant. One of the greatest joys in life is directly experiencing the material world through the senses. With sufficient resources, you can enable far more of these experiences than would otherwise be possible.

Expands self image

The whole point of Think & Grow Richis to challenge your assumptions about your own identity and the identity of the rich. If you open yourself up to acquiring wealth, you open up a new window of identity. You begin to see yourself as one with abundance and prosperity, not lack and poverty. Even the act of accepting money into your life can be a transformative process. When you allow riches into your reality, you recreate your ideas about what it means to be human.

As you can see, I view wealth as an enabler for personal growth and success – not as an end in itself. Plenty of rich people are unhappy. Likewise, plenty of poor people are quite happy. There is no guarantee either way. In the end, financial security will improve your state-of-mind and happiness if created with positive intention.

by Mindful Entrepreneur

How To Make Money With TRAVEL Business Opportunities

There are many people that get online every day to start their own home business with travel business opportunities. If you want to have your own travel business then you need to know how to make money with travel business opportunities.

Anyone can have their own travel business from home with the travel business opportunities. That is the easy part. The hard part is to make your travel business a success, which not everyone will be able to accomplish. So here is what you need to do if you want to know how to make money with travel business opportunities.

1: You have to have the self discipline and dedication that it takes to make your home business a success. There are a lot of travel business opportunities that you can start your business with but they will only be able to help you get started. They will not do the work for you. So this is imperative to how to make money with travel business opportunities.

2: The next thing you will want to do is to develop a business plan. Too many people make the mistake of never doing this step and then can’t figure out why they can’t stay on track. A business plan will help you accomplish your short term goals and your long term goals by keeping you on track of what needs to be accomplished.

3: You have to start marketing your business right away. There are a lot of different ways that you can do this. However, one thing that you want to do is to pass the word along to your friends, family, neighbors and anyone else you know that you have a travel business. This will help with word of mouth advertising because when someone that knows you uses your travel business for their travels and they like it, they will then refer you to someone else.

Another thing you want to do is to get some business cards printed up. Pass them out wherever you go until you have used them all. Then order more and start again. By using business cards you will be letting everyone know about your business but you will also be letting them know how serious your business is to you.

4: Get some training to help you develop your business. Most of the travel business opportunities will have training available for you but not all of them will. You want to do that training but you also want to attend travel trade shows that will allow you to participate in seminars and meet others in the industry.

These are all very important if you want to know how to make money with travel business opportunities. There is obviously more involved in making your business a success but these are the major things that you will want to have. So now you can start looking at all of the different travel business opportunities so you can find the best one for you to start your home business with.

by Patrick Sheffler and Rich Ramalho


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