Wednesday, December 24, 2008
Money Making Opportunity - Generate Extra Cash
With so many out of work, laid off or staying in dead end jobs to make the ends meet, we need creative ways of generating extra income. Here are a few simple, innovative ideas to get the cash you need quickly.
1) Your personal gold mine, can be staring you right in the face. Many of us save momentos for years for nostalgia or for that one time that we might need them. That time never seems to come though. Why not allow someone else to enjoy them as much as you have. These nick nacks may seem inconsequential or even like junk to you and may seem like buried treasure to some one else.
Go through your closets. Clear off your bookshelves. Unload those dresser drawers and create streams of income. Turn that old typewriter into a writer's dream and earn extra pocket money. Take that nineteen fifties dress out of the closet and make a retro chick happy, while filling your bank account.
With the invention of online auctions, like ebay and ubid, you can turn trash to cash. Or you can go to flea markets and offer your treasure up to vendors for half the profits. Books can be redeemed for a partial profit through sites like half.com or even amazon.com.
Once you have emptied your own closets, you can scour the malls for sales and resell those items online. Or better yet find a deal on one online auction and resell it on another. The only lmitation lies within your own imagination.
2) Have a brilliant idea or hobby? Turn it into an ebook. Write it using word or wordperfect and convert it into a pdf file using adobe 5.0. Then sell it on digibuy.com for 80% of the profits over and over again!
3) Recently sell your home through owner financing? If you are holding a note, there are companies that will purchase it from you for upfront cash. You may have to take a bit of a discount and you will have a large portion of your cash today instead of thirty years from now.
4) Won a lawsuit and recieving payments? You can do the same thing. Companies will actually pay you a large portion of what you won for the right to your payments. It's like taking the lump sum in a lottery winning!
5) Don't have a business of your own and need extra cash? There are plenty of affiliate programs out there that would be delighted to give you a percentage of their profits, for the privalege of having you market their products. Choose programs that you have personally used, so you can attest to the quality. Also choose programs that are at least two tiered. This means that you get paid wether you make a sale or someone you referred to the program makes a sale. Just one good referal can bring you a steady stream of montly income.
Grow Your Own Money Tree
Okay. So money doesn't really grow on trees. Unless you plant your own Mighty Money Tree, that is!
Imagine that only a few moments ago you planted a young sapling in your back yard. You gave it just enough water to ensure a good start. Not too much, not too little. You even propped it up with a stake. You'll continue to nurture it, feed it, water it.
And with each passing year, your tender young sapling will grow stronger. Taller. Healthy. As it ages, your tree can better defend itself from natural predators. Even harsh weather.
Growing your savings account is similar to growing your new tree. Given lots of tender care, your savings account will become your Mighty Money Tree. Use the following tips to ensure a great start. So, grab your shovel and let's get planting!
Prop Up Your New Savings Account
To build an account you can enjoy for a lifetime, prop it up with nutrients to help it grow.
a) Feed your account with bonuses. Deposit money saved through cancelled subscriptions. Don't forget those unexpected windfalls, either.
How about money owed and paid back to you? Be sure to include these amounts, even if they're small. Small is great -- and very do-able.
b) Nurture your savings weekly with money saved from using coupons.
Do you buy items on sale? Take that money you saved and use it to grow your account. Tuck small amounts into an envelope. Deposit weekly.
c) Shower your fund with birthday, anniversary or holiday gifts of money. Refunds, too! This is money you normally wouldn't have had (or already spent.)
Remember, out of sight, out of mind!
Fiercely Protect From Natural Enemies
Just as you might spray your tree to ward off insects or disease, you must protect your fledgling savings account. It's precious -- and a result of your patience.
a) Avoid spending too much time with others who make it seem 'natural' to go through money. They may not give it much thought because spending is a comfortable habit for them.
But you actually have a plan. And you have the big picture of how and when you'll spend. You will decide the where and why of spending your money. Make your spending thoughtful.
b) Pace yourself as you spend your weekly allotment of money. If you run on $35 per week (for example), that gives you five dollars per day.
Stay just under that five, and you'll always be a few dollars ahead. You'll also be less tempted to tap your savings.
c) Practice 'tough love' with chronic spenders who repeatedly borrow your money. Give yourself permission to state firmly that borrowing your money is 'not' an option. Remove the stakes that prop up others' spending.
Say yes to protecting and taking care of your money. It will be there to support you, your family, and your true needs.
Promote and Maintain Healthy Growth
Small amounts add up big time, so keep money coming into your account on a regular basis. Keep it growing!
a) Remember 'why' you set up your account. Know your balance at all times. Keep your eye on the bigger picture.
Will it help you pay for a gently used car, eliminating future car payments year after year? Is it your 'freedom from working for others' fund?
b) Begin with one great strategy, and use it to create a steady stream of money to feed your account. Will it be a direct deposit through payroll?
Will you fund it by using only dollar bills, and setting aside all change at the end of each day? If so, scoop up your change and deposit weekly.
c) Each month, find a new, creative way to put more money in your account. Then find another method and repeat for a month. Keep the top three or four methods which seem to work best for you. Toss the rest, because you want methods that work for you consistently.
Need a starting point? Why not begin with spending ten dollars less at the store each week? Tuck your ten bucks into your savings account. It's simple, and it won't leave you feeling deprived.
Lastly, feel the wonder of knowing that your money tree will continue to grow. Like a faithful friend, it will remain at your side. Your champion in good times, a comfort in the rough patches of life.
It has the power to draw your dream out of the darkness and into the light. How long have you had that private, special dream? Only you can know.
Now, what would 'you' do with your own Mighty Money Tree? Plant one today! Prop it up. Protect it. Watch it grow.
Friday, December 12, 2008
Four Easy Making Money Tips
To be a successful Forex trader, you need to be well versed with the basic strategies of controlling the risks involved. The Forex market functions very differently from other financial markets in terms of the speed and volatility of the market concerned. The enormous size of the dedicated online and offline money exchange market is not comparable to anything else in the financial world. In fact, nothing or no one controls the Forex market. It is uncontrollable! However, below are 4 easy money making tips for the dedicated marketer:
• Do your own research. Forex is an individual, factor-less, money market! Its fundamentals are similar to any other speculative business. The increase in the risk factor means you have a higher chance for better profits. It is a known fact that the currency market is not only highly speculative, but also very volatile in nature. The standing of a particular currency changes in a matter of minutes, hours and days. The unpredictable nature of currency attracts and leads the investor to trade and invest. As such, when trading in the Forex market, it is very essential to be well informed and updated with the latest- second-wise updates in the market. It pays to conduct your own research.
• Decide on how much you intend to earn and lose. Most people who enter the Forex arena rarely have a set limit of earning. However, it is very important to define how much you could risk as a loss. When you terminate or exit a position in the market, you need to understand the risk management issues that rule your daily transactions. You need to study and analyze unexpected corrections and variations in the foreign exchange rates. You should always balance possible profits with likely loss.
• Always limit the orders. Remember, if you are short, the system will not allow you beyond a limit order below the current market price. Similarly, if you are long, the system will only allow an order above. When you limit your orders, it helps you to discipline your trades and most likely you are going to do better.
• Learn from the experts. You should take time to learn, from the professional traders, if possible, on how to control risk by capping losses. Stop orders, also known as loss orders, enable you to set the exit point. The general rule of thumb states that you should set the stop orders closer to the opening price than the limit orders. The stop and limit placement depends on the risk-adversity you have.
Trading in foreign currencies is potentially profitable if you stick to the rules of the market as you learn as much as possible from the experienced investors. You should venture into the Forex market only after you seriously consider the desired investment, gains and losses that you expect from your trading. So before you decide how and where to invest in, do consider the above 4 steps carefully, and you should be well on your way to becoming a successful Forex trader!
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