Looking To Build Wealth? Get Married.

by: admin - April 13th, 2009   Filed under: Money Thoughts 5 Comments

married moneySorry, single folks, but if you wish to increase your odds of building significant wealth, it looks like you’re going to need to get hitched. That is, according to stats released by the most recent Census Bureau study.

The fact of the matter is that two pay cheques really do appear to be better than one, with the net worth of the average married couple being significantly higher than that of their single counter parts. Married couples averaged a net worth of is $101,975, with single folks achieving significantly less at $23,700 for men, and $20,217 for women.

The study found that those who stay in long term marriages (unfortunately, many marriages these days are not long term) accumulate twice the wealth of those who remain single. Even when all parts were equal — meaning that the income of the single persons matched that of the married couples – the married folks still came out on top with a four percent net worth advantage.

Now married folks, if you desire to hang on to that accumulated wealth, you should do your best to avoid a divorce. Those who divorced were found by the study to have their net worth as individuals reduced to 77 percent compared to the average single folks mentioned above.

This is also why it is important for both individuals in the marriage to always be aware of the household’s financial matters and for both to come to a consensus on money-related matters.

Credit Cards For Those With Bad Credit

by: admin - April 13th, 2009   Filed under: Easy Finance, Money Thoughts Add Comment

badcreditoffers

With a global economic credit crisis in full swing, many folks have seen their credit limits lowered and their interest rates rise. Unfortunately for many, getting a new credit card has been made almost impossible especially for those bad credit scores. It’s important for those with bad credit to have a credit card as having a credit card and making regular payments on it can significantly help to restore one’s credit rating.

If you are among the millions of Americans who have a bad credit score you may want to check out a great website which provides information on credit cards for bad credit clients. The website is called Bad Credit Offers, and can be found at Badcreditoffers.com. It’s an excellent resource for those with bad credit, as it offers information on where to find bad credit credit cards, as well as bad credit loans. Badcreditoffers.com is an established and trusted site which has been a popular portal for those looking to improve their bad credit since 2005. One aspect of the website that I particularly like is that the interest rates on the cards listed are between 7.9 percent and 19.92 percent, which is a lot better than most of the rates generally offered to those with bad credit.

Running Your Own Online Business

by: admin - April 6th, 2009   Filed under: Money Thoughts, Work Thoughts 1 Comment

webbusiness The current recessionary times cause many individuals to adjust how they cope with their daily challenges. One of the major adjustments is represented by the marked increase in the number of businesses being established on the Internet. Launching a business from a home office has become a relatively inexpensive approach to massive layoffs and unstable prices of groceries and fuel, with the added incentive of unlimited growth potential.

An integral part required to build successful online business ventures, just as it is offline, is a solid marketing knowledge. In the same way it is inconceivable to have a prosperous restaurant business without the implementation of a marketing campaign through the local media, having a thriving e-commerce website without online marketing is impossible as well.

The premise behind every successful ‘make money’ offer in the online marketing industry is that you have to learn or already know web marketing to effectively sell anything online. A good marketing program will provide tutorials and links to the top resources that will teach its users the fundamentals and insights relating to web marketing know-how. In order to learn best, a comprehensive training program with practical highlights of the key concepts will impart the maximum learning benefits to its users.

One such website is known as The Infinite Web Income (IWI) and is intended to teach the methods of creating various income streams using the Internet. Paul Tobey, the creator of the program describes in detail how anyone could become a successful online entrepreneur with the system. The IWI website has everything that a good online business should provide, being easy to learn, no money down required and a full-proof system that works if applied on an ongoing basis. Tobey offers a structured program that covers such topics as business processes, marketing tools, networking opportunities, etc’, for creating an ‘online money machine’ that works even when the user is away from their computer.

There are 3 straight forward revenue generating membership choices being offered by IWI, specifically: silver, gold and platinum, which can earn a user between $150 to $1500 per sale as well as a residual income of $50 per month per sale. There is also a free affiliate program, which means that every time a new member joins as a result of the user’s efforts, the user earns additional revenue.

With the program you can learn how to earn online based on the accumulated experiences of successful Internet marketers, which can help to significantly lower the typical work-at-home learning curve. Beyond online marketing, you will also learn about the various aspects of owning a home-based business, including finances, technical tips, the psychology of successful entrepreneurs, and much more. The applications used for the training include ebooks, audio tutorials, teleseminars, live Internet seminars (webinars) and even in-person live events. Notably, the program is also suitable for people who have no prior knowledge of Internet marketing, with step-by-step guides designed to be simple for anyone wishing to learn how to generate income through the Internet.

If you wish to find out more about a business opportunity that you can manage from the comfort of your own home, check out the Infinite Web Income program.

‘I Will Teach You To Be Rich’ – Book Review

by: admin - March 25th, 2009   Filed under: Money Thoughts 1 Comment

iwillteachyoutoberichI am providing here a review of the new and popular book I Will Teach You To Be Rich authored by Ramit Sethi. Sethi writes for a well known blog by the same name, but the book contains a combination of the blog as well as two years of research on solid money making tips for young adults. The topics covered in the book include: which bank accounts to open, ways to avoid bank fees, how to think about money and invest, and how recognize the daily media hype as it pertains financial matters.

I really liked that the author doesn’t simply uses generalities but actually walks the readers through the various processes of increasing their net worth. This includes providing scripts of requests for rate reductions from banks and credit cards, what steps to reach success in salary negotiations, and much more. In order to further assist in making the material understandable and implementable, Sethi’s book is divided into a 6-week program of main steps to take, with each week focusing on one facet of personal finance, as follows:

* Week 1 centers on credit card usage optimization and the importance of improving one’s credit history.

* Week 2 discusses finding quality bank accounts and negotiating to reduce bank fees.

* Week 3 describes for readers how to open a 401(k) and/or a Roth IRA.

* Week 4 focuses on the process of coming up with a spending plan to enable prudent money management.

* Week 5 meshes together your new financial foundation and talks about automating it.

* Week 6 offers an introduction to investing, using asset allocation and diversification to achieve your investment goals.

Each chapter includes a useful guest article from an established financial blogger. It is also very valuable that the author is providing citations for his sources, which is a quite rare in this genre of books.

Overall, there is no doubt that the book is superb, and is ideal for employed people who are in their 20′s or ealy 30′s. This resource will be less valuable for anyone that doesn’t fit these two criteria. Another point worth mentioning is that Sethi writes in a somewhat sarcastic and at times brash tone, which certain readers may not like. Lastly, it is important to note that the book does not teach how to become rich in the sense of becoming an instant millionaire, but instead with patience and discipline. Having said that, I Will Teach You To Be Rich is a great personal finance book, packed with tips that are likely to help many of the people who read it.

Get the Quick Loan You Need

by: admin - March 25th, 2009   Filed under: Money Thoughts Add Comment

paydayoneNowadays, many people are facing a situation where the paycheck just isn’t enough to cover the bills. When this or an unexpected emergency happens, many people take advantage of the services offered by PayDay One. This company offers payday cash advance options with some differences than other companies in this industry. First of all, the company is based and licensed in several US states and is not an offshore payday lending company. Additionally, the company only offers services online, using the website Paydayone.com, so you can manage everything from the convenience of your own home. The website is intuitive and guides the customer through a simple, step-by-step secure registration process. Unlike walk-in lenders, PayDay One allows the customer to receive a loan without the hassle of filling out or faxing multiple forms. Additionally, a PayDay One advance requires absolutely no credit checks. When the time comes for repaying the loan, it is as straight forward as logging into your account.

PayDay One has been a leading provider of loans in various states since 2002. The company’s website offers an interactive map, displaying which states have access to the loan services as well as the loan cost and terms, since those differ from one state to another. PayDay One is the only payday lender that offers a Great Rate Guarantee, which means that if you find a lower price from another similarly licensed online lender, they will match it. Notably, the customer service at PayDay is dedicated to helping the customers get the quick loan they need. Based on numerous video testimonials, as the one shown below, PayDay One services have resulted in many satisfied customers.

To get started, the home page section called “How It Works” displays in 3 easy steps how to obtain Payday Loans. Basically, the customer is guided through the application where they can: 1) find out in minutes how much money they’re eligible for, 2) within 24 hours of approval, receive the funds directly in their bank account, and 3) they can manage their PayDay One account online for future transactions. It is important to note that every transaction on the site is private and secure. For any questions, there is a “Frequently Asked Questions” section and customers are encouraged to call the company’s toll-free number as well.

It is also important to note that the company’s services apply for people wishing to cover unexpected expenses, such as fixing a car or a medical emergency, or for avoiding a bounced check and late payment fees on your bills. Overall, PayDayOne.com is recommended if you need money straight away and seeking a professional service to provide it.