Category Archives: Making Money

Make extra money for Christmas and other holidays in 2018

After reading the title of this, I know what you’re thinking – but, it’s August! But, now is a great time to start preparing for the holidays, instead of waiting until November and December.

The fall and winter holidays can be so expensive. Between Thanksgiving, Christmas, and the many other holidays, the average person tends to spend around $1,000 just on gifts. This amount doesn’t even account for other holiday spending, such as travel costs, food, get togethers, decorations, and more.

A lot of you were wanting to know about the different ways to make extra income during the holidays, such as ways to make extra money for Christmas, for many different reasons: to increase your monthly income, to save more money, to help pay for holiday expenses, to have more holiday cash, and so on.

Five proven ways to diversify your portfolio

The biggest mistake that you can make when it comes to building your wealth is to rely only on your own labor. Regardless of how talented you might be, regardless of how well paid you might be, and regardless of how hard working you might be, there is a limit to how many hours you can work in a day. So, the best model to follow when it comes to building wealth is to invest your money. Put your money to work for you, allowing it to grow more money.

Technology changes personal investment

For decades, personal investment has taken one of two forms. Investors would either call brokers to order stocks, or simply purchase items—usually at auction—that they hoped would accrue value. Needless to say, we’ve come a long way in recent years. But modern technology is taking us even further.

Personal investment has already been transformed for the 21st century. And as more investors cotton on to the plethora of tech-based solutions at their fingertips, the landscape will only change even more.

A very good tool to manage your money-personal capital

I decided to take the plunge into the world of all-in-one personal finance and investing software.  Some folks use Quicken, Mint, or Wealthfront.  I looked at all of those, and tried some but they didn’t quite do what I wanted to do.  They were either too clunky, cumbersome and time consuming to use, or they didn’t get the investment management part done correctly.

Enter Personal Capital.  This is a slick web site that makes managing your finances and investments quicker, easier, and prettier.  All your credit cards, checking, banking, investments, 401k’s, IRA’s, and other accounts are in one place, conveniently summarized.

How about investing in bitcoin?

Right now no one seems to know what to do with bitcoin. The sensational jump in value that we saw late in 2017 is now behind us, and bitcoin has regressed to a more reasonable price (though is still worth about $8,000 more than it was a year ago). The shift has left many people divided between two camps: that which believes bitcoin has proven to be too risky to be a sound investment, and that which sees another boom coming in the near future.

Here we’ll explore the factors supporting the first camp, and specifically what some of the risks with bitcoin investment might be.

Don’t make the same mistake in the stock market

There are a wide range of mistakes an investor is liable to make, but there are a handful that seem to come up over and over again. In fact, inexperienced and nave investors have been making the same kind of mistakes ever since modern markets were established. To make sure you dont get chewed up by the markets as soon as you step into them, make sure youre avoiding the following blunders

Double the pay and double the effort

There’s nothing better than earning a bit more money. Everything is so defined these days – we know exactly what we are spending, exactly what we are taking in – from our paycheck. This routine is safe, it’s secure – but it’s also boring. We want a bit more from life, and we should aim not to live beyond our means, but earn more money – to give us, even more, opportunities for enjoying the finer things in life. Either that, or saving up for something that is truly worth it. We can only do this by adding a bit more money to our monthly income. Not everyone has the opportunity to leap from a minimum wage job to a life-changing amount of cash, so we need to hustle, and the best way to do that? Working in our spare time.

The valuables you forget you have

There comes a time when credit won’t cut it and debt is deplorable! You need cold, hard cash and you need it quickly, Whether it’s to free up some liquidity for your business, pay off problematic debts, give the family an extra special Christmas or just keep your home finances stable and ticking over comfortably, we all find ourselves needing a little extra lucre for the endless parade of rainy days. Before you go looking for a second job, downloading a slew of money making apps or researching whether or not you really need both kidneys, it might be worth looking to your old possessions and sifting through for undiscovered gems.

A freelance writer’s suggestions

So you wangt to be a freelance writer?

Here is my tips on how to become a freelance writer:

1. Start out slowly when searching for freelance writing gigs!

Don’t make the same mistake I did when looking for freelance writing gigs. I thought I could write for multiple blogs, but lets be for real, there are only so many personal finance topics that you can create in one week before you get extremely bored.

Determine how many blogs or websites that you want to write for. Start out slowly by adding assignments one at a time. Decide how many websites you want to write for, and how many times per week or per month. Get the feeling for it and be 100% positive before you start adding more assignments to your list of things to do.

I originally signed up for a ton of websites when I first started freelance writing online. I never sacrificed the quality just so that I could fit them all in, instead I started slacking on my own blog. I now write for two personal finance blogs and for one hotel in the Caribbean. I prefer this mix the best.

What is bitcoin?

Cryptocurrency trading is a relatively new way to make money in the market, especially since the prices of most cryptocurrencies have skyrocketed this year. Of course, this type of investment vehicle is risky, as prices are extremely volatile. For this reason, it’s important to create a sensible trading plan before entering the market, and above all, to follow your money management and risk management rules if you don’t want to lose your trading capital.