How Do I Really Make Money Online?
You see it all the time, those advertisements for companies that can help you make millions from home, but you find yourself wondering, “How do I really make money online”? You may think that it is impossible but you can actually make a fairly decent living from an online business that you own and operate or working for a business that lets you telework from home. Making money online can be difficult but if you are willing to put forth the time and effort and really invest yourself in your online ventures than you can make money online.Start your Own BusinessThere are several ways that you can make money online. For example you can start your own business. If you have a marketable talent there are several online sites that will allow you to sell and market any goods that you have made. You may be super crafty and like to sew or knit and can sell your unique one of kind hats, scarves, gloves, socks, and so on and make a pretty good living doing it. There are large businesses that have started out that way until they had enough clients and money to buy an actual storefront so it is possible to use online stores to get your foot in the door. If you are a photographer than running a business out of your home is a great way to make money online.Work for an Online CompanyThere are plenty of other ways to make money online if you are not interested in selling any arts and craft items that you have made or you do not want to start a small business so there is nothing to worry about. Another great way is to find a business that hires individuals to work from home. If you choose to go this route you have to be careful as some of these companies will want you to pay before you can start making money, but I can assure you that there are companies out there that will hire you to work from your home and will pay you and you will not have to pay any money. These businesses vary in types and in what tasks they will have you do.There are companies that hire individuals to do product reviews and you get paid per review, or you may be paid to write articles or blog for a company. You can also find jobs that involve editing, being a ghost writer, listening to music and reviewing it, and many other options. These jobs are great for stay at home parents that need another source of income or if you are just looking for something to help pay the bills.So if you have ever wondered what it takes to be successful you can be reassured to know that you can actually make money online. Making money online is possible but you have to work hard and position yourself with the right opportunities and find something that you can keep up with.
Auto Insurance – Why Ignore Car Insurance When Online Quotes Are Available?
Insurance of any kind is a highly responsible activity undertaken by men and women of commitment who care for their near and dear ones & who excel in their professional sphere. The question we must ask ourselves is why do people treat insurance with total contempt?Take the case of auto insurance for example. You invest a neat pile to purchase a four wheeler. Being mandatory, the first year insurance is added to the cost of the vehicle itself. Many people tend to completely forget about renewal of auto insurance. They take it very lightly.There may have been zero risk of accidents in the whole of last year, hence this approach. Now, what will happen if your car insurance has lapsed by a day and you meet with a bad accident? Forget the legal implications of informing the police etc. Look at the scenario from the monetary point of view. Can you assess the cash outflow from your pocket? The unexpected draining of your resources will definitely hurt your finances.Damage to the car has to be rectified. This means that money has to be spent. Injuries suffered by other parties will become your responsibility. This means that money has to be spent. Towing the damaged vehicle and other incidental expenses at the accident site will also lead to expenditure. All this will mean that a lot of cash will flow out of your hand.If you notice, the common denominator in all the statements above is money with a capital M. That money does not come from the insurance company but goes out of your pocket. Momentary lapse in not renewing the cover result in unexpected events full of stress and tension. A few hundreds of dollars would have made all the difference between peace and total chaos.On the other hand if you feel that the renewal premium payable by you is on the higher side you can log on into multiple quote websites for competitive quotes as per your specifications. These quotes can be analyzed and you can have a direct interaction with the right agent once you are satisfied that you have identified the right policy.You can finalize the deal that sits lightly on your purse and which brings in peace of mind when you drive the vehicle. Never again should you think of skipping insurance. Instead, you should consider using online insurance quotes.
Creative Financing – Mortgage Notes and Other Tools
PROBLEM Since early 2006 to the present our financial system in this country has been in disarray and significantly crippled. Hundreds of banks have already failed and been closed; hundreds more have been forced into mergers (shotgun marriages) with stronger banks; hundreds more are operating as “zombie” institutions-they look like banks and they try to act like banks but they cannot make loans. Most of the “too big to fail” banks based in New York, California, or Atlanta appear to be operating normally, but the truth is they are not lending to the “little guy”. They are lending to the publicly traded corporation primarily. In plain English, getting a loan from a bank for the average borrower is next to impossible.SOLUTIONS – Don’t operate your business or don’t do the transaction
- Pay all cash-don’t borrow
- Borrower from non-banks-friends, family and private lenders
- Do transactions using non-traditional methods-creative financingJUST WHAT IS “CREATIVE FINANCING? Creative real estate financing is an all-inclusive term. It essentially means arranging a transaction whereby any and all types of financing is considered to do the deal. Most or all of these types of financing happen to fall outside of the standard government mandated banking guidelines and restrictions. The financing vehicles considered do not conform to Fannie Mae, Freddie Mac, FHA, VA, or other HUD guidelines.Examples of “creative” financing vehicles are: Private Party Financing, Seller Financing, Bank lending that does not comply with the HUD guidelines, Exchanging Equities, Lease with Option Financing, Contract for a Deed Financing, Equity Sharing Financing, Home Equity Financing, Credit Card Financing, and any combination of the above.EXAMINING “CREATIVE FINANCING” TOOLS INDIVIDUALLYOf all of the various types of creative financing tools mentioned above the most common and the most easily understood is private party mortgage financing, which includes seller financing. The underlying concept is that the bank is not involved in the transaction and the private party lender takes the place of the bank. There are many advantages to removing the bank form the transaction. The main benefits are:- Qualifying (accepting) the borrower is the decision of the private party
- Qualifying (accepting) the property is the decision of the private party
- The interest rate and the monthly payment is the decision of the private party
- The maturity date of the loan (balloon date) is the decision of the private party
- The down payment amount is the decision of the private party
- The time necessary to close the loan is much shorter
- A valuable, long-term stream of income is created
- The interest earned may be higher than any other available investmentAll of these benefits, when combined, make private party mortgage financing a very powerful tool to cause a transaction to close that otherwise would have failed. And, additionally, they may offer investment benefits not elsewhere available.THE OTHER SIDE OF THE COINNow, after examining the benefits of private party financing, we should, in fairness, look at the negative aspects. No tool is the perfect tool for all jobs, and no type of financing is the perfect type of financing for all transactions and for all people.The negative aspects are summarized below:- Emotionally, not everyone is comfortable waiting for monthly payments
- Emotionally, not everyone is comfortable with financial details
- Emotionally, not everyone is comfortable with a risk of loss
- Emotionally, not everyone is comfortable doing something new
- Practically, a lump-sum of cash may be needed nowMAKE IT A WIN-WIN TRANSACTIONIt is very important to honestly and objectively evaluate each part of the financing transaction. The goal is to make it be a win-win transaction for both parties. Are the personalities of the borrower and the lender compatible? Has the note and mortgage been properly structured so that there is a high probability that the borrower can meet his obligations over the term of the loan? Has the lender anticipated accurately his future need for cash flow income and lump-sum income?As with most important things, the devil is in the details!In subsequent articles we will examine some of the other types of “creative financing”.