Earn More

6 Ways to Make Extra Money From Your Car

May 4, 2012
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6 Ways to Make Extra Money From Your Car

Every day we use car, and we look at our car just as transportation mean. Or some of us think it as a symbol of status or just a convenience providing machine.  your car is not just a simple machine which will take you from one place to other or will provide you comfort. It can help you in earning money too. There are many available options by which your car will generate pittance for you. I was thinking about car as an asset/investment. How could we use a belonging which we barely use (at least for me, with 6 mins. commute). The answer is making it work for you when you have no use for it. Generating passive income. I was dejected to find out that my idea of renting out perosnal cars had already been taken out by others a few years back. Those ways are very simple and you will not need to take too much effort to earn money from your car.  So your car will start helping your budget and it will surely help you to maintain your economic condition in spite of rising inflation. Following is a list of five ways by which you can

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Saving Money or Earning Money Where to Put your Priority?

April 30, 2012
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Saving Money or Earning Money Where to Put your Priority?

Many times this question arises in our mind that which is good, saving more money or, earning more money? First of all, this is not a competition between the two. In-fact to reach financial independence, you need to practice both efficiently. The problem comes when you are choosing one over the other (or, giving priority on one over the other) due to limited time at hand. Let’s see what are the main time-taking tasks involve in a typical saving money venture. Creating budget Tracking every penny Analyzing spending pattern to figure out cost saving opportunity Family education and encouragement Having a lot of manual labor to cut cost Its true there are certain money-saving activities that can be performed without spending much time, for example, buying a generic store brand instead of name brands does not take any extra time, but saves some money. Still, th overall money-saving exercise is in-deed time taking. Now let’s see what are the various tasks involved in earning more money which take time to accomplish. Gather skills, take training, educate yourself Involve in side income venture Take a second job Working perhaps longer hours at work for a raise/over-time. Clearly it’s often a  raise against

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How to be Rich by Creating Value for Money

November 21, 2011
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How to be Rich by Creating Value for Money

You can be rich by devoting most of your time to a moneymaking venture, or you can wait many years and be rich by saving a percentage of your income with the power of compound interest. Whether you want to be a millionaire, multimillionaire, or billionaire (not that it’s your choice), the first thing to know is that money is what it is – a value of something it can be exchanged for. Money is Value When you make money by working at your job or business, it’s a value you are creating for your employer or your customers. You are earning in exchange of this value. If you want to make a million dollars in X amount of time, ask yourself how to create a value worth a million dollars in X amount of time. Don’t think in terms of how you can get a million dollars all at once. During my early days of investing, I often pondered buying penny stocks, which would grow into a giant corporation rendering me a couple million dollars in profit. That was just ridiculous thinking on my part. It only happens in dreams. People do win lotteries, people do inherit estates, and there are claims of making huge sums

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Be a Better Employee: How To Decorate Your Office Cubicle

November 14, 2011
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Be a Better Employee: How To Decorate Your Office Cubicle

Honest confession – until recently, my cubicle at work looked like a trash bin. I spent some money and energy fixing up my cubicle, and now it’s the envy of others. In this article, I will talk about decorating a cubicle in manly ways. I have seen good, bad and ugly workspaces occupied by ladies, but they look so different from a man’s cubicle. Sorry, I don’t have the desire to decorate my cubicle by season or date; that’s just not me. I don’t put up little pumpkins in October and eggs at Easter like women do. Previously I posted some of the basic tips on becoming a better employee by writing better emails. Writing good emails and living in a well-organized office space are a few subtle things that don’t get a promotion or raise directly, but raises you up in the eyes of people who matter at work. Your cubicle says a lot about you, especially if someone visits for the first time and you are not there. My VP (boss’s boss) works from a different city. On one of his visits to our office, he decided to pay one of my colleagues a visit. The colleague was on a break.

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What is Passive Income and How do I Create It?

October 31, 2011
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What is Passive Income and How do I Create It?

When I first started blogging, I was unaware of the term “passive income”. Since then, I have been reading articles about passive income on various blogs. Almost every blog has at least one article on passive income, so I didn’t want to miss the boat. In the next few sections, you’ll learn about passive income, what can be considered passive income, and what cannot. I’ll also talk about a few passive income ideas at the end. What is passive income? According to Investopedia, “Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not actively involved. As with non-passive income, passive income is usually taxable; however it is often treated differently by the Internal Revenue Service (IRS).” For some people, income from an investment portfolio is equivalent to passive income. It’s generally the accepted criteria in the blogging community to include interest and dividend income as passive income. The definition of passive income I developed: “The money you earn with existing money, without additional work effort or dedicating any time.“ You need to put in a lot of work at the start to build up initial money. But once the money is available,

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Your Career, How to Negotiate a Pay Rise

August 26, 2011
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Your Career, How to Negotiate a Pay Rise

Saving money can give a boost to your saving or debt repayment, but the real boost will come from your increase in income. Whether it is by doing some extra work on the side or by working towards salary increase at your current job. But, a silent worker will never get the hike unless you ask for it, unless you are exceptionally valuable or extreme lucky. Even if you are satisfied with your current job, at some point in your career there will be moments when you have to step up to the plate and ask for more money. There may only be a few times when you need to take this action but definitely the moment will come. Whether you have a HR job , technology job or you work in sales, the moment will present itself and you need to be prepared. It can be terrifying and many people put this moment off as long as they can. Remember that your boss will have had lots of people asking for a pay rise, you will not be the first one, so don’t be afraid its your duty to earn more and provide better comfort to your family. There are a few things that you need

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How To Prevent A Financial Disaster

May 28, 2011
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How To Prevent A Financial Disaster

A financial disaster, as the name suggests, is a calamity. It is probably less predictable than a natural disaster. Financial disaster can ruin your life, your career and your future. What conditions can be classified as a financial disaster? A sudden drop of your net worth is a financial disaster. A loss of job and no cash in your bank is a financial disaster. But, most Americans suffer a financial disaster on account of huge debt on their loans and credit cards. An equally good number suffer it on account of health related issues. A theft or burglary can also cause a disaster. A natural disaster can also cause a financial disaster. A sudden or gradual decay of your wealth or worsening of financial health is what experts say, a financial disaster. What is financial health The balance between your current and future desires and your spending ability is what determines your financial health. It is essential to find common financial problems that you may face and plan for them so that you sidestep potential financial crises. Does this mean that you give up today’s enjoyment for tomorrow’s security? Certainly not. It just means that you take a realistic view

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How To Get Salary Increment

April 20, 2011
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How To Get Salary Increment

How difficult it is to raise temptation to buy fringe items from the grocery checking counter, just to save that $5? I am sure you read various PF blogs and articles and follow some of the best practices to live frugal and save more. But aren’t most of them little tough? Well for me it is tougher than asking my boss to increase my salary. Last year, by living frugal, well almost.., I saved perhaps $1000 more than what I could have saved otherwise. Later in 2009 I started some of the office practices (or, started practicing better), and as a result I got a 3% salary increment. Believe me it took lesser efforts than what it took to save $1000 from spending. You may not be that lucky, or perhaps you have lost interest at current work. It might be very hard for you to do well and get your boss’s attention. But, give it a try. I will describe few of the techniques I tried. Developed better rapport with my manager: No, I didn’t do whatever he said, but did most of it. If you have aim, if you are satisfied with your work, you can do most of

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