Tag Archives: Money

Exciting ways of making money at home

How to make money from home

Nowadays, many people are interested in starting their own home-based business and make good amount of money. Normally, a person will work two to three professions in his work life. People who leave their career behind tend to start their own business at home.

Many people who have been a part of conventional labor force are on the brink of retiring from that routine and now they have their plans open about which direction to go for in the near future. Fortunately, anyone can start a business from home and feel the adventure. Below are some good examples of home based businesses you can start on your own.

Home repair service: Many homes usually face the common problems of dripping sinks, back logged water drains, broken appliances and a variety of other problems. Many of us don’t have the time or knowledge about how to deal with these problems. If you are an expert with your hands and have a good amount of knowledge on home repair, then you can start this business of home repair services. And to get more clients, you can charge less from the professionals in your area. Your target will be on how to save more money for people. The more you save for them; you will keep getting new clients. To start with, you need to have a good set of resources and a large vehicle for transferring your equipment.

Organizational Specialist: Sometimes you will notice messes and clutter in many houses and firms. If you feel interested, then you can start your own business as an organizer. There are many books available on arranging things properly and how to keep things in place to get more free space out of it.

Collect materials about this job niche: To get started, you can practice this skill on your friends and family for a little fee, and once you get your knowledge and experience, you can sell your skills to other people. Make sure that you get some good testimonials from your friends and families whom you have helped. You can also buy and mark up prepared good, or get in touch with craftsmen, to set up closet organizers, racks, and other furnishings.

Online content creator: there are many companies who have their business online and they are always in the need of new articles and blog posts for their websites. As a content writer, you can write up articles or posts for their websites, bringing up professionalism, trust or creativeness.

Web designer: web designers are needed for website development services. If you are experienced in this industry, you can offer it as a standalone service. It is important to have a collection of all your works as a web designer so that you can show it to your clients and advertise your services.

Flea market sales: flea markets are just like a garage sale. If you enjoy garage sales, you can consider it as a business. You can market many items such as crafts or merchandise for resale. There are many marketplaces where you can sell your skills like car detailing or antique restoration.

These are just a few examples of the many home based businesses that you can easily start sitting at the comfort of your home.

How to make money through coins as an alternative investment


Diversification is a core investment principal. The old saw that there are old pilots and bold pilots, but no old bold pilots can be applied to traders. Other than stocks, what are other effective ways of making money? Bonds, commodities, cash? These instruments do not seem to be much appetizing at the moment.

Alternative investments can be the best and worst of investments. This is the zone where an offer of a piece of Brazilian jungle, carbon credits or funky real estate can lead investors astray.

One of the best classes of alternative investment is numismatic coins. They have the following benefits:

Low correlation to other assets: Numismatic coins have kept up a 7% annual compound rate of growth for as long as you care to look back. A coin that was $100 in the past during depression is now $20000. There is no asset that is free of correlation but the main correlation for numismatics is general money supply with an underlying link with fear. During the credit crunch when people were pulling their cash from British banks, coin dealers were as busy as the vendors of safes.coin

Inflation hedge: Coins are very helpful in beating inflation. A Triple Unite from 1646 that was about $10000 to its original owner is now worth anywhere between $80000 to $150000. This is about 3% above the rate of inflation over the last 368 years. Inflation is an increasingly mysterious number. Many people believe that their grocery bills and the constant rise in price do not match the stated inflation numbers. The prices of the hard assets are always going up. This is counterbalanced by a mixture of “soft assets” deflation, questionable statistics and agricultural subsidies.

High portability: Unlike dollar bills, many are not trained to sniff out collectible coins. You can put a multimillion dollar collection in your pocket and go away. Some people believe that bullets are a great alternative investment.

A global market with auctions: Alternative investments tend to be illiquid, just like coins. You can sell the items quickly to a dealer, but the bid/offer on that isn’t too great. Coins are for the investors who are patient and an auction is a solid venue for them.

Coins have a great history of being valuable assets: Coins have a good track record of being desirable assets. They have been collected by popes and emperors, and have been a pastime of the rich for centuries. They provide a good demand in the resale market.

Numismatics is not the only collectible with good investment and diversification attributes. You will find them in the form of stamps, banknotes and many other obscure and/or fascinating genres like film posters, toys, china and other art virtue. Almost everyone has the same reasons to collect coins. If you put all your financial eggs in one investment basket, your probability of loss is concentrated. Collecting is a fine way of spreading your investment risk.

9 Ways of improving your financial situation and money-saving tips

Save money

1) Paying yourself every week : – this is perhaps one of the best way to start budgeting for yourself. You can do that on a weekly or a daily basis. Keep aside $25-$50 or any amount of your choice and put that in a safe place. This is an amount that you are trying to save from your budget and use it later. So you won’t touch this money unless or until there is some serious emergency and you are in dire need of money. This kind of saving money will also help to minimize or eliminate your impulsive spending habits. By saving $50 every week, you can actually save $200 in a month and $4800 in two years. Of course this is not including the interest, but still this is a good money-saving opportunity.

2) Minimize your shopping habits : – people who love shopping very frequently can actually save a lot of money every year if they minimize their shopping habits. Before you spend money on anything, you must ask yourself first whether you really need it or not. Many a times, people buy things that is actually not required urgently, and therefore it leads to wasteful spending. One pair of jeans, a sweater and one pair of shirts can be enough for a few months, so just buy what you absolutely need and pass on those items that aren’t necessary.

3) Use your bank’s own ATMs : – it is always recommended to withdraw money from your own bank’s ATM machines. Whenever you withdraw money from other bank’s ATMs, they will charge you a fee. This can build up to a good amount in a year, just in fees, which can be easily saved.

4) Keep an eye on your spending : – it is a good idea to track your spendings on a daily basis. Write down every single dollar you spend. This will give you a “birds-eye” view and see where your money is exactly spent on a regular basis. You can refine your spending habits seeing this list and essentially save more money from your regular expenses.

Financial planning

5) Keeping your credit card balances to the lowest : – On an average, most of the credit card companies charge 15% – %20 in interests and fees, if the outstanding balance is not paid in full every month. Therefore it is important to pay off those pesky credit card dues as soon as possible.

6) Using your debit cards regularly instead of the credit cards : – Get in the habit of using your debit card rather than using your credit cards. Debit card is linked with your checking account, so whenever you make any purchase, you are sure of having that money in your checking account. Using a credit card can be quite expensive if you are not able to pay the full amount within the due date.

7) Rolling over the 401K when you are in between jobs : – Whenever people are changing jobs, they will be in a situation whether to roll over their retirement funds or to withdraw it since it is a good substantial amount. It is always suggested not to withdraw the retirement funds because it is that money that can be used in your old age. Moreover you will have to pay fines and penalties for an early withdrawal and it will take away almost 40%-60% of your savings. This is like giving your hard earned money to a stranger for nothing.

8) Avoid getting too many credit cards : – People having multiple credit cards and if they are not able to pay the amount in full are getting charged in more interests and fees by different banks. A person having just one credit card is in a much better situation than another person who is having 5 or 6 credit cards because he is paying more money in interests and fees. It is good to have one or two credit cards because it will help you to build credit and used during emergencies, if these credit cards are managed properly.

9) Checking your credit report at regular intervals : – it is always recommended to check your credit report once in six months. In many cases, credit bureaus are reporting inaccurate negative information on consumer’s credit report. This can often hurt your credit scores. If you find any inaccurate information on your credit report, get it solved with the credit bureaus to improve your credit ratings. Many a times, people are not aware about the unsettled accounts, or accounts that are still open/active when they should be closed. Pay attention to these items when you are checking your report.

Find More Money During Retirement


You’ve worked hard every day for decades, so you’re ready to relax and enjoy your retirement years. Retirement is a great time to focus on your interests and spend time with the people you love the most. However, unexpected expenses and higher costs can sometimes affect your retirement plans. If you’re looking for extra money, consider these ideas that work well during retirement.

  • Put Your Passion to Work

You’re done working full-time, but that doesn’t mean you can’t bring in any income during retirement. In fact, you won’t even feel like you’re working at all if you put one of your interests or passions to work.

For instance, if you miss being around your grandchildren, you can earn some extra cash babysitting for local families on weekends. If your friends and family members rave about your cheesecakes, try offering some for sale during the next holiday season.

  • Consider Reverse Mortgages

A reverse mortgage is a type of loan that was specially created for seniors in their retirement years. When you sign up for this type of loan, you will receive money each month instead of having to make a mortgage payment.

Best of all, you don’t have to make any payments as long as you continue residing in that home, and your Social Security and Medicare benefits will not be affected by the money that you are receiving.

Many borrowers love the peace of mind that comes from knowing they no longer have to make mortgage payments, and this brings a significant amount of money back into your monthly budget. money

  • Reduce Expenses

Finally, you can keep more money in your pocket each month simply by reducing your expenses. You want to be able to enjoy your life, but you can likely find some budget areas to trim while still maintaining your standard of living.

Start by taking a look at your recurring monthly expenses. Maybe you can reduce your cable bill to a more basic plan or cut long distance calls from your home phone since you normally use a cell phone. When you are able to reduce your recurring expenses, you’ll enjoy the savings every month.

When you don’t have to worry as much about finances, you will be able to enjoy your retirement instead of analyzing every dollar that you spend. Financial freedom should be one of the best parts of your golden years!

Helpful tips on how to save money

If you can learn how to save money, then you will know how to spend wisely. It is an art of knowing on what you need to spend necessarily and not on what you want. Many a times, we spend a lot of money on different things that are not practical and are bought on impulse. There are some practical tips that will help you to avoid such unnecessary spending.

        1. Going for second hand items – There are some items like furniture or curtains that can always be bought second hand. As long as your personal hygiene is not in question, you can always go for used items. It will save you a lot of money.

      2. Stop doing unnecessary expenses – Many people like eating out in fancy restaurants or going to their favorite coffee shop. You can save a lot of money if you can skip going to these places. This will also enhance your culinary skills that you never thought you had.

       3. Stop going to places where you feel tempted to spend – Many people like going to the malls and see all kinds of fancy items that will tempt you to spend. Before you can realize anything, you might have purchased many items that were not at all necessary because the saleslady sounded so convincing. If you want to save money, then you need to stop going to such places where you feel tempted to spend.

      4. Finding out ways for practical entertainment – Many people like watching movies or listening to their favorite song, but that does not mean that you have to spend every time on the matinee shows or go to see a concert only to see the artist singing your favorite song. Many movie studios do free advanced screening to promote their film. You can also try to get free tickets for night shows and watch your favorite movie. And if you want to hear your favorite song, go online and download it free of cost.How-to-Save-Money

It is not at all tough to find ways of saving money. Instead of going to the store, you can try online shopping where you get good discounts and other items at a cheaper price. When you are able to buy things online, it means that you don’t have to drive and burn fuel. If you are a student or you go to work every day, then you can talk with your colleagues and arrange a carpool. This is another good way of saving money in gas and parking fees.

There are many other ways of saving money in your everyday life. No matter, how much you save, always remember that a penny saved is a penny earned.

Why Invest Your Money?

MoneyEven if you only have a few dollars to start with, you should do your best to invest your money. Investing your money allows it to grow much faster than it would by putting it in the bank. The best part is that you can invest your money wherever you want to and take it out whenever you want to.

This means that you have total control over your funds and what happens to the money that you have in the market. If you want to put your money into an index fund, you can do so and diversify your money with ease. If you want to put your money into a single stock, you can do that as well.


When you invest your money, make sure that you do so with an eye toward the long-term. Although the market will go up or down drastically each day, it will generally trend higher over a period of months or years. Therefore, you should only sell an investment if it goes below a certain price point and stays there for a certain period of time.

Flipping your money allows you to create wealth and stabilize your financial future. For those who plan on retiring someday or want an emergency fund to protect them in the event of a job loss or something else that comes up unexpectedly, having money in the market can help.

4 Reasons to Start Out Small

Novice investors are often intimidated by the idea of investing their money, whether they choose stocks, bonds, or real estate. If you want to start investing but you’re afraid of the risk, you can definitely benefit from starting out small. In fact, it’s better to begin with a small amount of money, and not just for your peace of mind.

You Won’t Lose as Much Money



Image via Flickr by Casey Serin

If you decide to start out by investing a small amount of capital, you aren’t going to lose more than you can safely afford. In fact, you have a better opportunity to put a cap on the amount you initially invest. Lots of newbies have actually made their fortunes with a start-up investment of just a thousand dollars. That sounds like a lot to anyone who doesn’t have much money, but that’s the thing. If you’ve decided to start investing but know you want to start small, there’s absolutely no rush. Start saving now and you won’t lose anything.

You’ll Learn the Ins and Outs

Starting out small has another very important benefit: knowledge. No novice goes into investing knowing everything. In fact, the attitude that you know everything there to know is detrimental and dangerous. By starting small, spending just what you’re comfortable potentially losing, you’re more invested in your investment, so to speak. You want to learn about where your money is going and why it’s growing. That’s what makes you become an expert. You’ll learn about gains and losses, predictions and estimations, and that knowledge pays off later. In time, you’ll feel more confident and you’ll take risks that pay off more.

You Grow with Your Investment Manager

No matter how much money you have to invest, you need an investment manager. Look at any Fisher Investment Forbes advice or articles and you’ll see how important it is to have someone knowledgeable in your corner. Your financial wizard will help you grow—and he or she will help your investments grow as well. A good investment manager is willing to teach you so that you can then make decisions on your own. You’ll feel more comfortable making your own investment choices, but you’ll have someone to walk you through discussions about risks and steer you away from bad decisions.

You’ll Earn More Money

By starting out small, you’ll ultimately earn more money. How does that work? Solely because you are still invested in your money, where it goes, and what it does. You won’t get cocky or arrogant, you’ll understand the difference between good and bad risks, and you’ll always remember that first investment. Your choices will naturally be smarter, you’ll think over every new investment, and you’ll make sure you’re knowledgeable about every possible stock or bond. It’s better in the long run because it pays off more in the end.

Taking time to save up capital and think hard about your investments is simply better for you. Do you prefer to take huge risks or think things over before making a new investment?

Top 5 Must-Read Money Books

Knowledge is power. If you’re reading this blog, then chances are you serious about the journey to financial freedom. Fortunately, lots of incredible books have been written by people who have walked this path, and their combined wisdom and insights can help us navigate this path. I have read hundreds of books over the last few years ranging in topic from entrepreneurship, personal finance, economics, and trading. Here I provide a list of 5 really good books that deal with the topic of money.

Rich Dad Poor Dad by Robert Kiyosaki

This book is not necessarily very advanced in its information, but does provide great insights for people just beginning on the journey to financial independence. Basically, Kiyosaki communicates the primary differences between people who accumulate liabilities and those who accumulate assets. Asset accumulation is truly the path of wealth creation. Getting that principle fixed in one’s mind is reason enough to read this book. He also talks about business specifics such as how a company can access business cash advances and other forms of credit.

The Four Hour Workweek by Timothy Ferriss

This is one of my all-time favorites. Ferriss was a young entrepreneur making tons of cash, but draining away his life and energy, as he slaved away 80 hours per week. After several years of this crazy lifestyle, he reached the end of his rope. He abruptly decided to cut relationship with his most problematic, time-consuming clients, automate as much of his business as possible, and travel the world. He did it, and his business started making more money than ever, increasing his net working capital. After he traveled the world for over a year, managing his company from remote locations, he came back to the States and wrote this book, which details how he did it. He also discusses how you can start your company with or without business cash advances. It’s inspiring, practical, and informative.

Fooled By Randomness by Nassim Taleb

Now, this book is not necessarily about money, per se, but I feel that it is essential reading for anyone interested in success, specifically financial or business success. Taleb spent his life as a quantitative trader on Wall Street, and he watched countless people rise and fall, financially. In this book, he communicates his ideas of how much of a role randomness plays in our lives, and how to approach life from a risk/reward perspective. Again, this is not necessarily the most practical book, but just check the reviews on Amazon, and you will see that it’s worth reading.

Think & Grow Rich by Napoleon Hill

When it comes to finding true, financial independence, writing out a very clear, detailed plan concerning how you will do this is essential. Hill’s book has been a classic for over 70 years. In it, he offers readers incredible insights into how they can formulate a plan for the accumulation of riches. Hill was charged by Andrew Carnegie in the early 20th century to interview the richest, most successful people in America in order to identify common characteristics. Hill noticed that nearly every person he interviewed had grasped hold of the power of intentional thought, planning, and other tools. In Think & Grow Rich, he communicates his findings in compelling fashion.

Your Money Or Your Life by Vicki Robin

This book is utterly practical. Robin communicates a 9 step plan that involves taking a retrospective look at how you have managed finances in the past, how you are managing them currently, and the books ends with specific, practical advice on how to proceed and write out a plan for financial success. She also discusses how to find your net working capital each month. This book has helped inspire thousands of people to begin on their journey to financial freedom, but the beauty of this book is that it is not simply inspirational with no substance—the practical steps and guidance are extremely effective.

How to Make Money Online – Magic Trick

Two smartest things that I did this year along with one dumbest move

So far, I have done two smartest things in this year. One is I started with a Roth IRA for myself and my wife. I chose Fidelity because the startup fee was relatively low and my 401K is with them. I dumped a lump sum amount of $2500 into FLATX for my wife and FSEAX for myself. It would have been more beneficial for me if I had it started sooner due to seeing it getting compounded. Now I just have to keep up the habit of contributing yearly.

The other smart thing that I did this year and I will do it again in the next year is getting taxes done early. We got our tax refund. It’s a lot easier to get it done ASAP and out of the way. There’s no more scrambling for receipts and papers like it happened last year.

However, apart from these two smart things, I did one stupid thing and that was to chase past returns. I assumed that the emerging markets will stay hot. I calculated my last year’s return and put 40% and 50% in the funds I bought positions in and got excited. I bought the hype of a growing economy in China, and an oily beast in Brazil. I was under the impression that these two economies of the world will do better than the United States over the next few years in the financial realm. I was aware that past results don’t predict future success and realize that it’s risky but I figured that I have a long investing career ahead and it was time to go for big returns now.

I admit that I was tempted with the thought of making more money in quick time, even though everything I read is contrary to making fast money. Investing can be very boring. It is important that you get a well diversified index fund with very less fees and invest systematically, the same amount no matter until what you’re done working. I agree I wanted to be a little flashy and take a shot at some bigger returns. I understand what it happens if I try to jump at things that sound almost too good to be true. We will see what happens over the next few years.

By the way, I saw my 401K recently pasted a landmark of $20,000. My goal is to have at least $30,000 in there by the time I reach the age of thirty.

What is the smartest or dumbest money move that you have made this year?