Investing the Money You Earn Online Wisely

Investing is quite integral for our future financial security nowadays. Pension schemes are these days not working for all of us and we need alternatives. Investing the money you earn online is a new way of saving for a rainy day. However, investing the money you have earned online is not a concept which has been there for along time. The reason behind the rapid saving schemes adopted my millions of people is due to the collapsing systems and poor pension schemes. Your hard earned cash can be easily transformed into a huge bounty.

How can you invest your online money wisely? Investing doesn’t mean buying stock and earning some quick buck from penny stocks or IPO’s. Investing is simply means setting some fund aside and transforming it to a long term income earning project. There are different ways of doing this and all depend on your idea of investing.

Your online income offers you a good chance of investing. How? You need only to set aside a figure which you feel wont hurt your monthly budget and leave it in your Pay pal account. If you can do this for three to five years, you will find out that the savings have immensely increased from a mere two penny savings to hundreds of thousands of dollars. But this is not an investment; it is in fact a savings fund.

Investments are gradual projects which you build with an intention of earning revenue from over time. Most investments appreciate in value over years and often have huge returns in terms of revenue. An investment can be a housing scheme, business, shares, treasury bonds, and real estate. These investments are long term and generate a lot of income. They can become a traditional family source of income for your children as well as very good securities after job loss.

Setting aside some savings over time gives you the ability to have the potential to make an investment. If you get into the habit of saving, you will often find yourself having a lot of savings which can help you invest successfully.


Free Online Homeowner Insurance Quote – How To Get The Best Rates!

Living in the modern world can be very expensive. Building a good and decent house alone can cost a family thousands of dollars. Besides building a house, home owners insurance is also important to consider. Unforeseen disasters can damage the house and the cost of repairs and reconstruction can add more problems and financial hardship if you haven’t purchased homeowners insurance.

Thousands of insurance companies offer diversified home owner insurance policies. But one must be very careful before purchasing homeowners insurance, as you could end up paying more than you need to.

Here are some tips on how to get low cost homeowner’s insurance and avoid greedy insurance companies.

1. Get personal recommendations. If you have trustworthy friends and relatives who have had good and long standing relationships with some insurance companies, heed their advice.

2. Hire the services of a good, honest and reliable agent. Insurance agents have a vast network of insurance companies and it can be easy for them to find low cost home owner insurance.
Just make sure you do a thorough background check.

3. Premiums are based on the location of the house, the condition and age of the house, and other similar conditions. Many insurance companies exploit these considerations so they can raise the premiums. The best way to get low cost home owners insurance is to get comparison rates from a few different companies.

4. If possible, try to investigate your local town or state policies in determining the condition of your house so the appraisal can be based on a neutral ground and not on the insurance company’s alone.

5. Shop around for quotes. There are hundreds of websites that give free online quotes for homeowners insurance, and this will save you tons of time. Online shopping may even be the best way to find low cost home owners insurance.

6. Add security measures to your home because this can greatly reduce premiums. But here is the catch: Some insurance companies do not recognize security systems that are unfamiliar to them, and the unfamiliar security systems may not automatically mean a reduction of premiums. The best way to get around this is to ask for advice from the insurance company about what security systems they recommend.

7. If you are very sure of the credibility and good services of the insurance company, it may be a wise idea to get bundled insurance policies from them. This means that the insurance coverage is not just for the home but for auto, health and life insurance as well. Many insurance companies offer discounts for these bundled policies, just like when you buy wholesale items in the grocery for much less than when you buy retail.

8. If you own a very expensive home and you need a complex insurance policy, it would be very wise to get the services of a good lawyer. Remember, insurance policies are essentially contracts and insurance companies have tons of lawyers working for them. These contracts contain legal information and you don’t want to end up losing millions or end up disappointed after your mansion gets swept away by a storm.


Improving Your Family Finances With the Help of Childcare Vouchers

Part of the reality of becoming a new mum is taking stock of your family’s finances and working out how you will cope financially. When you’re considering returning to work, how you will afford to pay for childcare and what kind of childcare you will choose are important decisions. Many new parents will not be familiar with childcare vouchers, how they work and how they can be used to pay for childcare. 

The childcare voucher scheme is a national scheme offered to parents and guardians through the government and participating employers to help with the cost of childcare.

Childcare vouchers are a financially beneficial way to pay for childcare in the UK, because you don’t pay tax or National Insurance on childcare vouchers to the value of £55 a week. This means that working parents can save as much as £1,195* a year by paying for childcare with vouchers. The savings could be double, if both parents sign up for a childcare voucher scheme.

The website Money for Mums has put together a good check list of information on childcare vouchers [1]:

1        Check whether your employer’s childcare vouchers are a benefit that is paid on top of your normal pay or whether it’s part of a salary sacrifice scheme

2        Work out how your tax credits will be affected

3        If your cash pay is affected, ask if your other earnings-related payments will be affected (pension, overtime rates, pay rises etc.)

4        If your cash pay is affected, ask will your benefits-related payments be affected? (will your NI contributions to your State Pension be affected etc.)

5        If your cash pay is affected, ask would any student loan repayments be affected?

Childcare vouchers are redeemable to pay for childcare and child minding ensuring that a parent’s return to work need not have a negative impact on their family finances.

Parents can also be assured when selecting a childcare provider that they have undergone rigorous vetting procedures. Before childcare vouchers can be used to pay providers the provider must be registered with an approved regulatory body and will need to meet the standards set out by that body. Ensuring only registered providers can accept vouchers for payment offers additional peace of mind to mums knowing that their child is being looked after in a safe friendly environment.


What’s Your Brilliant Business Idea?

A dream for many working moms is leaving behind the 9-5 and launching a life and business they dream of for their family.

One of the first obstacles that get’s in our way of moving forward with our dream is “I have no idea of what type of business to launch.”

Uncovering that brilliant business idea inside of you (I believe we all have one) is crucial if we are to gain the focus and motivation to go for this dream.

Our business idea can also make or break how successful our business is and most importantly determine if we create the lifestyle that we truly desire for our family

So how do you uncover what your brilliant business idea is? Here are 5 steps to get you started:

Clarity on Your “Why”

The most brilliant business ideas are built from the foundation of your “why.” The deep underlying drive behind why you want to start a business. As working moms we already have a strong “why” which is to provide financial security to our family or have more flexibility to spend the time we want with our kids.

Now we need to go a step further and determine the legacy we want to leave in the world with our business. It’s the “why” that makes us get of bed in the morning to do something we LOVE rather than something we feel like we “have” to do. When we don’t clearly understand our “why” then we take the risk of starting a business we don’t really like, but one we thought we “should” start, or think will make us the most money.

So before going any further determine what your “why” is for starting a business, the change you want to make in the world with it, and then build your business idea from there.

Reveal Your Gifts and Talents

Now you are clear on your “why” it’s time to uncover your greatest gifts and talents you have to offer the world. Embracing our gifts will help us to develop a business idea that we LOVE and feel absolute passion towards. It will also be one of the secret ingredients to making our business thrive and bring in the money.

Ask yourself these questions. What do you love doing? What are you naturally good at? What do people seek you out to help them with? Ask others what they see as your talents? Read my previous post on how to cultivate your greatest gifts through my 5-step GIFTS process.

Your Lifestyle

A business idea must be in line with creating the type of lifestyle you would like as a business owner. Do you want to be able to travel and do your business from anywhere in the world. Or maybe too much travel is why you want to leave your job so you are looking for a business that would allow you to be at home the majority of the time. Would you love having a storefront where you get to interact and showcase your products to your clients on a daily basis? Are you looking to create more flexibility and freedom and do not want to be held to a 9-5 schedule. What is the lifestyle you want to create with your business? Having clarity on this from the beginning will ensure you don’t find yourself in a business a few months from now that feels like it just replaced your job. You want to make sure you build a business that creates that lifestyle you dream of.

Get Creative

You know what you’re good at, you know what your deep “why” is now it’s time to put these two together. Start by brainstorming all the business ideas you can possible think of that will showcase your biggest gifts and fulfill your why in some way. If you want to make life easier for new moms it might be developing a new product you wish you had had. If you want to help people have a more secure financial future you might use your great accounting skills to teach them how to manage their money for greatest wealth.

Don’t hold back. Brainstorm every possible idea you can think of. Even if it sounds crazy at first write it down. Some of the craziest ideas end up as highly successful businesses.

Share Your Idea

Once you have brainstormed your ideas pick the top 3 that most appeal to you. Then start to test them out. Share your idea with people. Your friends, family, acquaintances. Identify the type of person who would most likely be your customer for that particular idea and seek out their opinion. You might find them on online forums, or at local meet-up groups. Start to hang out where they do and seek their feedback on your idea and whether they would use it.

This is a great place to start to see if it is hitting a desire or need of your target market. Ask them what would make them buy or use it. Any ideas they have to make it more appealing or a better fit. You can start to get a feel for how your idea will be receive and ways you can improve on it. Once you start to get a feel on your business idea in these simple ways then it’s time to move on to more focused market research and testing your idea.

Taking the time to unveil a business idea that you and your target audience will LOVE, one that will allow you to share you greatest gifts and talents with the world and create the lifestyle you dream of is the basis of a building a brilliant business and life for you and your family.