Make Money Writing on the Internet

Make Money Writing on the Internet

To earn money writing the best thing is to register in the various platforms that are on the net, platforms that bring together people who are looking for writers with people who seek to earn money writing from home and online. There are many platforms that are dedicated to this, but you only have to trust the most reputable and those with the most good reviews.


➡ Textbroker:

This is another platform that unites writers with people who want to hire their services, it is a platform that offers good support at all times and that every day has more members. There are people who are looking for editors to write movie scripts, translators for text, web page writers and much more ... On this platform you do not have to pay a monthly fee or have to pay any fee per year. The prices offered by people who are looking for writers are usually quite high prices and that is something good for you as a writer.

To enter the website click here : Textbroker .

➡ Fiverr:

This platform has been on the market for several years and has one of the most active communities at the moment, it also lacks a very good reputation and that is surely for something. It has thousands of freelancers looking for writers to do various jobs for them. The only negative point is that it has thousands of users and the prices offered and sought are quite low compared to other platforms, that is why if we want to earn a good salary at the end of the month this platform is not the most appropriate and we have to go to others where there are more demanding people but who pay better.

To enter the website click here : Fiverr .

There are many other options for you if you're trying to make money online , we recommend to read this article which we mention

6 Ways To Earn Money Online From Home .


➡ Copyhackers:

Copyhackers is a content company based in Canada. Your job is to build a great product. Our job is to help you connect that product to your audience… using li’l ol’ words. Okay, and segmentation and personalization. And analytics. And, well, everything in the digital marketer’s toolkit. But mostly: words.
To enter the website click here : Copyhackers.

➡ The Write Life:

The Write Life is money for writing. The site itself is a resource for new Freelancers, but relies on Freelance to write their articles. However, you may need to be a well-known freelance writer to advise others.
Pay: $60 to $300
To enter the website click here: The Write Life 

Ready to Be a Blogger? Here Are 10 Blog Traffic Tips For You .
6 Ways To Earn Money Online From Home

6 Ways To Earn Money Online From Home

Of course you can earn extra money, as you can see some ways can help you earn money fast, while others are long term. It is necessary that you understand each way and never stop learning and gather knowledge, you will be able to live and even get rich from these different online ways to earn money from home.

In this article i will show you the different ways to earn money using your computer or mobile device at home, we know that currently we're living in a difficult time and have other sources of income is a must , stay and discover a new world.


Table of Contents :

  1. Make money with Forex
  2. Make money with Cryptocurrencies
  3. Make money with Surveys
  4. Make money with Browsers 
  5. Make money with Mobile Applications
  6. Make money with Sports Betting 
  7. What are SCAM sites and how to discover them

  • Make money with forex

When we say Forex, we talk about trading or currency exchange, this way of making money is more complicated, since you must obtain knowledge before launching the currency market, apart from the fact that you occupy an initial investment and if you do not have previous knowledge there is a high probability that you will lose your money.

  • Make money with cryptocurrencies 

 It is possible to generate income thanks to cryptocurrencies, the most used form is the market betting on whether the currency is going to go up or down is something that many do today, some obtain profits, while others only have losses. don't you wanna be the second kind?

Click here to read more details on how to make money with cryptocurrenices . 


  • Make money with Surveys

 Do you have a lot of free time and you don't do anything useful? There are pages that pay you for conducting surveys, you will not become a millionaire doing this, but it can be used to pay some debt or simply to pay for lunch for the week.

 Click here to read more details on How to Make Money Online with Surveys.


  • Make money with Browsers 

Yes, you read correctly, there are websites that pay you to surf the Internet, the way this works is like this, the company has a browser that you must set as default, you enter and browse normally as you do every day, just that in this way you are also making money.

Click here to read more details on How to get paid for using browsers.


  • Make money with mobile applications

It is one of the safest ways to generate income, the problem is that you must know how to create applications or invest money on a programmer to make you an application and thus be able to monetize it with ads or payments within the app.

Click here to read more details on How to earn money with mobile applications.


  • Make money with sports betting 

Yes, it is possible to earn money by betting on sports, if you are a fan of this, this is for you, there are pages that pay you to hit which team will win at the end of the game. There are many strategies to maximize your earnings when doing this activity.

What are SCAM sites and how to discover them

Although the Internet has many useful purposes, not everything on the web is what it seems. Among the millions of legitimate websites vying for attention are websites built for all sorts of nefarious purposes, from identity theft to credit card fraud.

These scam websites work in a wide variety of ways, from posting misleading information to promising wild rewards on a financial exchange. Some are deliberately designed to look like legitimate and trustworthy websites, like those operated by official government organizations, for example. The end goal is always the same: get you to give up your personal or financial information.

To read more details on How To Discover Fake Sites , click here .

How to Hide Your Money

How to Hide Your Money

I learned how to hide money when I was young, in part because we had a busy house with lots of people coming and going. I had some money buried. I also had some inside a wall in a closet. It was accessed by way of a false panel that filled the space above the closet door and was painted to look just like the other walls. My parents may not have liked the fact that I cut a big hole in the wall, but nobody ever knew.

Under Carpet

If you have a piece of carpet which is loose, you can pull up a corner and put an envelope full of currency underneath. A thief is not likely to know that the carpet is loose. Just be sure not to place the money where people regularly walk, or there may be a telltale crunching sound of paper to give the location away.


Under Soles of Shoes

This is a trick I use when traveling, but you can also stash some cash under the inner sole of running shoes that are in your closet. Just be sure not to do this with expensive shoes that might be robbed.


Inside Pillows

If you are handy with needle and thread you can open the seam on a throw-pillow and insert some cash. Then sew it back up with a few stitches. But don;t make it the best pillow in the house, as this too could be stolen.


Piano Music Sheets

Sheet music is almost never taken by thieves, and it is not a common hiding place for cash (unlike books). That makes this location worth considering.


Under a Deck

A plastic vitamin container or or closing waterproof container can be great for hiding money in a variety of places. A small hole under the edge of a deck, for example, can hold a small bottle full of cash. Be sure nobody is watching when you make the stash, of course.


With a little imagination you can find many other places to hide currency.

here are some other articles you may like :



Ways to Save on Food - Fruits and Vegetables

Ways to Save on Food - Fruits and Vegetables

Here are several good ways to save on food, or at least on fruits and vegetables. Saving money on other grocery items is covered on other pages.


Buy Frozen Fruits and Vegetables

Frozen fruits and vegetables often cost much less than fresh, depending on the season. You can use frozen vegetables in cooked dishes and frozen fruit in "smoothies" (just blend orange juice with frozen blueberries, strawberries or raspberries).


Now for the really good news: The frozen versions may have more vitamins than the fresh. This is because fresh fruits and vegetables travel for days and sit in the store displays for days, and then sit in your refrigerator for days, all the while losing vitamins. The ones in the freezer department are usually cleaned and flash-frozen shortly after being picked, thus locking in much of the vitamin content.


How to Save on Organic Fruits and Vegetables

If you sometimes buy organic produce to avoid pesticides you know that they can be expensive. But there is a way to keep your pesticide exposure down while saving money. Just buy organic when shopping for those foods with the most pesticides and spend less to get non-organic fruits and vegetables when buying those that typically are lowest in pesticides. The lists:

Foods with most pesticides:

Bell Pepper
Grapes (Imported)

Foods lowest in pesticides:

Sweet Corn
Sweet Peas
Sweet Potato


More Ways to Save on Food

Do you want the freshest, best produce at the lowest cost? Then buy whatever is in season at the moment. That's when you get the highest quality, and because of the abundant supply this is also when prices are normally the lowest. You get the same fruits and vegetables as you normally do, but when they are ripe and probably better for you.

You can also adjust your diet to include more fruits or vegetables that are cheaper. Habit alone may have you buying some of the things you eat, while there are cheaper alternatives that you would enjoy just as much. Try any produce that's on sale and see what you really like. Then among your favorites just buy whatever costs the least each time you go shopping.

Gardening might seem like a way to save on food costs, but this rarely works if you have a small garden. By the time you figure the costs of seeds supplies and water you may be paying twice as much for each tomato or cucumber. On the other hand, why not visit friends who like to show off their gardens. They will probably send you home with a free zucchini or two.

How To Sell Your Haire ?

How To Sell Your Haire ?

I decided to research and write this page on selling hair after reading about hair thefts around the country. That's right, the news magazine This Week reported in May 2011 that a thief in Houston stole $150,000 worth of human hair from a salon that does extensions and make wigs. He took a couple big bags of "Remy" hair, which is the most durable and silky kind and typically comes from women in India. Apparently this is becoming more common.


Other recent thefts include $10,000 worth from a San Diego salon, $85,000 worth in Missouri City, Texas, and hair valued at $60,000 San Leandro, California. A theft in Dearborn, Michigan resulted in the owner of the beauty supply store being killed.


Obviously there is money in that pony tail if you have one. But how do you cash in? There are a couple ways. One is to sell to a company that directly buys your hair.

You are likely to make more if you list it for sale on a site where people bid on it. You can see what your type of hair is worth by browsing through the listings to find those that are most similar. There are all sorts of factors that influence price. It is better if you have never dyed it, don't wash it too often, keep it covered, and so on. Some sellers even list the vitamins they take.


Now for the bad news. You will generally need to have ten inches of hair to get any decent price, and it can take almost two years to grow that much, so you won't be able to cash in too often. Of course growing hair is not difficult work, but obviously selling your hair is not going to be a regular income source. It is just a quick way to raise some money if you are willing to chop off that ponytail. And as one writer on the subject says, it is "less painful than selling any other body part."


What's Your Hair Worth?

What is referred to as "virgin hair" (no chemical treatment) is the most valuable. Longer hair gets more of course, as does hair that has some natural shine to it. Younger might be better, but in looking at the listings for sale on one website, I did see this: 17" mostly pepper, little salt, European hair, weighs 5 ounces; virgin hair – never colored, last perm done when 16, now 60! She was asking $681.

In looking at websites direct buyers it became apparent that the higher prices are found on the sites where you accept bids. One company paid just $10 per ounce for hair, for example, which would make the woman's hair mentioned above worth just $50.

Some other listings I found included:

  • 10-12 inches dark brown; $600
  • 12" thick, dark blond, Scandinavian; $1,000
  • 15 inches wavy brown, healthy lifestyle and diet; minimum bid $750

Of course another way to make money is to sell other people's hair. For example, you could convince your friend with the long blond ponytail that she would look better with short hair, then buy the hair from her for $50 to resell for $1,000. If you have a few friends with long hair you might have a temporary business doing this!

Seriously, though, if you know someone who works at a beauty salon you might make a deal to buy any long hair cut off.


Four Steps to Hairy Profits

1. Grow your hair.

2. Take photos.

3. Cut it off.

4. Sell it.


Best Place to Sell Your Hair?

You could try advertising your hair on Craigslist or other free classified ad sites. But the easiest way to get top dollar is probably to use one of the hair sales platforms online. The biggest at the moment seems to be


Make Extra Cash This Week

Make Extra Cash This Week

Some of the more normal ways to make a bit of extra cash fast include selling things, pawning things, working longer hours at a job, and so on. We will look at some of these more traditional ways below. But we will also take a look at some of the less common ways to make some money within a few days.



Sell Things

Of course it is common to sell your things to raise cash quickly. You can do it in a matter of an hour if you take your stuff to a pawnshop, or you can throw an ad on Craigslist and get some things sold by the end of the week. But a less common approach is to sell things that belong to your friends and family. The idea here is not to steal their possessions, but to borrow the things they say they wouldn't mind parting with. Then take them to a pawn shop or to any potential buyer (used furniture store, another friend who needs a particular item, and so on), and see what you can get.


Once you have an offer, call your friend who owns the item and offer him or her less than that for it. You might find a buyer at $100 for a used computer, for example, and convince your friend to sell it to you for $50 while you are standing there with your buyer (just out of earshot, of course). You get to quickly pocket $50, and without the risk you would have if you tried to buy things before you sold them. If you don't find a buyer for an item, return it to its owner and that's that.


Collection Time

Although it isn't really a way to make extra cash as it is a way to cash in assets you have, you can ask for repayment of anything owed to you. Go to those friends and and family who have been putting off repaying money they owe, and encourage them to make good on the debts. You might offer a discount for paying the debt now. Now, if some of your friends are the type who don't bother to repay debts, don't bother asking for repayment. Just give them your sob story and ask them to lend you the money you are owed for a day or two. You can then forget to repay their repayment.


Collect Scrap Metal to Sell

Almost every town of any size has at least one pace that buys scrap metal. You can start by rounding up broken aluminum furniture and TV antennas, copper tubing left over from a plumbing project, and any pop cans you have around the house (as long as there isn't a deposit in your state). Go sell whatever you have to see what you can get. Then start looking for more supply. Try friends and family, to see if you can get old aluminum car wheels, copper from old air conditioners and such. Some air conditioning units have as much as $30 in metals in them, and yet they get thrown away all the time.


Work More Hours

If you get paid frequently at your job, you might be able to make extra cash by working more. But be smart about it. Pack the hours into the same week to maximize overtime pay, and take any shifts that pay more per hour, like holidays or night shifts.


Sell Your Hair

If you have long hair that is in good condition, you can sell it. Some ponytails go for up to a thousand dollars, and there are buyers waiting right now online. 


Deliver Cars

I have known more than one used car dealer, and they always need a car delivered at some point. They either need to move some cars from one lot to another or they need drivers to go to auction with them and drive their purchases back to the sale's lot. Go directly to used car lots and ask for the owner or manager to see if you might get some of this cash work.


Gamble Other People's Money

Take a trip to a Nearby casino. But first set your own money aside and look online for a gambling system to try. Once you have an idea what you are going to do, round up $40 from each of several friends with the promise that you will give them half of the profits you make and will guarantee a loss of no more than half of their stake. They get a chance to gamble on your skills while risking only $20, and you might win big with no risk at all. Just use half of the money raised, so you can fulfill your promise to return at least half.


Leave Your Apartment

If your financial troubles are not limited to the need for cash this week only, consider leaving your apartment and moving into cheaper accommodations, like a friends basement, a room rental, or a parent's home. The point here is that you not only better your financial situation going forward, but if you are not a bad tenant, you should also get that security deposit back. Hey, I did promise some unusual ways to make extra cash.


Can money really buy happiness?

Can money really buy happiness?

Many researchers say no, even though the research says yes. The contradiction has to do with what they choose to see in the numbers their studies produce.

Back in 2006 this issue was in the news, with headlines that went something like this: "Science shows that money can't buy happiness." However, if you read the story, rather than watching the abbreviated coverage on television, you only needed to read down a few paragraphs to discover some interesting and more enlightening statistics.


The research showed, as similar research has before, that people generally were happier as they moved from poverty to higher income. One study showed that in the United States, people are happier with more money up to about the level of the average household income - around $44,000 at the time of the study. Beyond that level of income, gains in reported happiness from higher income taper off. Another study demonstrated that people who made $50,000 per year were twice as likely to be happy as those who made $20,000, while at $90,000 there was little or no increase in happiness compared to the $50,000 level.


The research showed, as similar research has before, that people generally were happier as they moved from poverty to higher income. One study showed that in the United States, people are happier with more money up to about the level of the average household income - around $44,000 at the time of the study. Beyond that level of income, gains in reported happiness from higher income taper off. Another study demonstrated that people who made $50,000 per year were twice as likely to be happy as those who made $20,000, while at $90,000 there was little or no increase in happiness compared to the $50,000 level.


Money Made Us Happier

We were living on less than the average social security check when my wife and I started out. With no debt, this isn't as bad as it seems, but our income was low enough to limit our options. Better food would have been nice, for example. A warmer place than Northern Michigan would have greatly improved my wife's mood as well. We also wanted to travel more and to visit my wife's family in Ecuador more often than once every three years.


Six years later we are living in Colorado, near the mountains we love, in a warmer place. Healthier food and more meals out are part of our lifestyle now, as is dancing and travel. This lifestyle costs several times as much as before, but are we happier now?


Yes, absolutely, and it isn't just because of the things that we can buy. The lack of money worries makes for a much more relaxing life. No more wondering if we'll have enough money for dental work, or to go to Ecuador to visit family. No more walking past the healthy foods in favor of the cheaper ones. We spend a few hours of work at our business each day, and then do what we want.


There certainly are examples of people who have made themselves more miserable despite a higher income. After all, money alone doesn't even help with financial problems if you don't know how to use it. If you aren't clear about what it can and can't do, it won't help with happiness either. Many people will spend even more than any increase in income, and increase their debt and stress. We spend three times what we used to, but make four times as much, so this isn't a problem.


It is also true that money won't eliminate your bad habits. If you overeat, over-spend, or choose the wrong people to spend time with, having more money is likely to mean more trouble. Then again, money can buy the time and knowledge to overcome bad habits - if you choose to use it that way. It can help you be healthier and it can even put you in places where better friends might be discovered. But it won't make these decisions for you.


This is our own experience: We are happier to be able to help people. We are happier to be able to afford going out and socializing more. We are happier to be comfortable at home, with extra cash always available in the checking account. Money can increase your happiness - if you use it right.

How To Survive The Hard Times In Life

How To Survive The Hard Times In Life

The keys to surviving during hard times are not so much about eating cheap noodles or becoming a survivalist as they are about self control and smart planning. That's what the following tips are based on. As I write these words job losses are still growing, but whenever you read this you'll find a good guide to preparing for personal hard times.

Let's keep this in perspective though. Maybe we are entering another great depression, but it's worth noting that at it's worst last time (in the 1930s), there was only 25% unemployment. I am sure some of you are saying "only!?" I don;t mean to suggest that those who were and are unemployed don't matter, but that statistic does mean 75% of people who wanted jobs had them at the time.


The first step for surviving hard times then, is to try to be in that 75%. Actually it's more likely that 85% will retain their jobs this time around, so your odds are better. What if you work in an industry which is likely to face large job losses? Start looking around at what else you can do before you lose your job. Go get educated or learn some new skills if necessary. You should have an idea or even a list of places where you'll immediately start applying for jobs if you lose your current one.


Be valuable to your current employer. The one employee who knows how to run some machine or fill out some forms or do any other obscure task which is essential, is less likely to be laid off. Perhaps find ways to save the company money. One way or another, be the employee that management can't afford to lose right now.

Still, whatever you do, your job can be lost. A company might just go out of business after all. And if you lose the job at the worst time it may mean months before you can find work. You need to prepare for this possibility. You can start by taking the three basic steps outlined below.


1. Stock Up On Necessities

Stock up on food and other household necessities. If you really don't have the money to buy two months worth of supplies just start buying a little bit more than normal each time you shop. Stock up on everything from toilet paper to canned peas, and have enough food and other items stashed to survive a loss of income for a couple months.


2. Save Money

Is this the right time to start saving money? It's almost always the right time. That savings account should be built up until you have enough to live on for at least several months. It is also not too extreme to have a few hundred dollars in cash hidden in your basement. Banks have failed before, and it can take a few weeks for the FDIC to sort things out and give you access to your money.


3. Reduce Regular Expenses

One of the most important steps you can take is to cut your regular expenses. For the sake of an example, let's suppose you're living on $2,500 per month from a job that's not easily replaceable. If you lose it you'll have to take a $7 per hour fast food position. That sounds awful, but you can handle it if you cut your basic expenses in half before it happens.

Start by paying down any debt you have as fast as possible, starting with the highest-interest debt. That will be your credit cards most likely. Rolling such debts into a home-refinance means you essentially convert short-term debt into long-term debt and pay far more in interest as a result, so this is not normally a good idea. On the other hand if losing your job seem likely, you may want to reduce your monthly debt payments in this way, and you might even lower your house payment.

Consider every single thing that you regularly spend money on and find ways to reduce the cost. Install fluorescent bulbs to cut electrical costs, turn down the thermostat when you are out of the house, buy a low-flow shower head and cut to basic cable if necessary. You could even decide to cut back to one car instead of two, even if you own them outright. It still saves you the costs of insurance, plates and ongoing maintenance.


Surviving Hard Times

Become indispensable at work, explore other job options, learn new skills and have a contingency plan or two for worst-case scenarios. Fill your cupboards, start setting aside some money for hard times and pay down debts as fast as possible. Learn to live on less. Take these steps to either keep your job or lose it without that becoming a disaster.

That's not only a recipe for how to survive hard times, but it will also make you more financially secure in any economic situation. And if your job is secure but you take the steps outlined above anyhow, you might soon have enough excess income and saving to take a nice vacation or pursue other goals.


Your Personal Finances

Your Personal Finances

Do you have control of your personal financial situation, or are you are still in debt and without a plan? Either way you can use this simple six-step plan to get you headed (or keep you going) the right way. One caveat though: like any other tips you have read, these will only help if you if actually used.


Step One - Track Expenses

Spend two months writing down what you spend every penny on each day. A simple exercise like this can enlighten you as to where large chunks of your income go. It can also show you very clearly how little things add up to a lot. It's even possible you'll be spending less by the end of the first month, just because you're so aware of the money going out, so you naturally cut expenses. Categorize your expenses and see how much is going to "eating out," "renting movies," "electric bills," and any other areas.


Step Two - Cut Costs

Once done with step one, you can use the information gathered. Start finding every way you can to cut those expenditures one by one. That may mean giving up a few things which are less important to you than your financial future. It may just mean finding better ways to do things, without sacrificing much at all. To turn down the heat while at work doesn't hurt. Find cheaper insurance, groceries, restaurants and more.


Step Three - Apply Savings to Debt

Once you're spending less, you should have some money left over each month. Apply it to any debts you have, starting with those that are at the highest interest rate. Once one debt is paid, apply that "extra" money towards paying off the next one. Do this right and you'll be living just as well, but spending less to live that way, and getting out of debt at the same time (assuming you weren't living too far beyond your means to begin with).


Step Four - Find New Income Sources

Look for new ways to make some extra income, starting this search while you're working on step three. Take an extra shift at work each week or two, ask for a raise, look for a better job - or a fun second one. Why fun? There has to be some motivation to make this work.

This could also mean starting a small business on the weekends or in the evenings. Consider your skills, connections, knowledge and things you own or control. For example, the rent from an extra room in your house could provide an extra $4,000 per year, or if you are single you might cut your rent in half by sharing your apartment - this is like having extra income.

Step Five - Start Paying Cash

Things are cheaper when you pay cash for them. You can negotiate a better price initially when paying cash, and you also don't pay interest. You may have to wait and save for some things (like the next car), but you live on less, or get to buy even more of the things you want in time. A credit card can be convenient, but if you do use one pay it off every time the statement comes in.

Step Six - Invest

By controlling personal expenses, generating new income, getting out and staying out of debt, you should have a more coming in than going out each month. Invest this money. Even if you're not comfortable with investments like mutual funds or stocks, at least find the highest-interest bank account you can. You can save the money to start or invest in a business as well.

These ideas probably aren't new to you. But if you actually follow a simple plan like this with your finances, you'll certainly be more financially secure and more relaxed in the future - and the future isn't that far away.


Mind Over Money or Money Over Mind?

Mind Over Money or Money Over Mind?

People naturally hope they can think their way to wealth. In stock investing this can be seen in efforts to use the power of the mind to gain an advantage over the market. Investors think that if they can gather enough information and develop a system they can predict where prices will go. But just as often we are mislead by the things going on in our heads.


Let's look at an example of how easy it is to think we know more than we do, and how our minds can limit our access to more information that we need. The following description (including all the stock quotes) comes from a piece I wrote a few years ago when I was actively investing in the stock market (I am not now). I had begun to think I had a great strategy using covered calls, which are options that I would sell on stocks that I own. A call option gives the buyer the right, but not the obligation, to buy the underlying stock at a given price by a certain date. This should become clearer as we continue...



Sunoco (symbol SUN) is selling at $23.42 per share. It's a solid company that analyst say is selling for about 8 times next years projected earnings. It's relatively cheap, in other words. If I buy 200 shares I'll invest a total of $4,689 ($23.42 times 200 shares plus a $5 commission).

As soon as I buy I can sell 2 options contracts (each one covers 100 shares) giving someone else the right to buy the stock from me at $24 on or before the third Friday of next month (32 days from now). The options buyer is gambling on the stock going higher, and the market price is $85 for each option right now. After the $7 commission for selling the options I would get $163 deposited into my account (2 options sold for $85 each minus the commission). In other words, I will really only have invested $4,526 total as of today ($4,689 for the stock minus the $163 I was paid for the options).


Now, suppose the stock rises to $26 by the time the options expire. The option holder, who has the right to buy my stock for $24 per share, will certainly exercise those options, and so give me $4,800 ($24 times 200 shares). He can immediately sell the stock for $5,200 (the current price of $26 times 200 shares), for a gross gain of $400. After commissions he has more than doubled the money he invested in the options, and in about a month.

As for myself, after the $10 assignment commission I get $4,790. That's a profit of $264, or a return of 5.8% in 32 days ($264 divided by $4,526). What if the stock doesn't go above $24 by the expiration date of the options? I'll still own my shares, and at a net cost of only $22.63 per share because of the option income.

Think about this for a moment. It's a company I like and I either make 5.8% in a month or I get it for .79 per share less than the current price. If I wasn't "called out" I could also sell 2 more options to make more money while I hold the stock for another month. It is possible to make 30% or 40% in year by repeatedly selling options, and so be ahead even if the underlying stock drops in value. By the way, these kind of opportunities are available all the time in many different stocks.

I've been making money doing this, but the market has been up recently, making it easy for almost any strategy to show a profit. Now, I like to think I'm careful in how I think about these things, so I asked the question "What if the high option price means there is a greater probability that the price will rise?" If that's the case, is it a better strategy to just buy the stock when the options selling for a high price? After all, in the example given I would have done better holding the stock as it went to $26 per share.

But there is no evidence that anyone can consistently predict what the price of a stock will be a month from now. And since they can go down, I like the protection of that .79 per-share discount (the net premium I received for the options lowered my cost). Sunoco could lose 3% of it's value (70 cents) and I would still have a small profit.

My theory then, was that if stock prices in the near term are no more predictable using option prices than by any other means, and I can either get a better than average return for the month or get the stock cheaper than the current price, this has to improve my odds. I figure that most option buyers are essentially gambling and pushing the prices of some options beyond any value based on the true odds. If the odds are then bad for the buyer (and most options do expire worthless) they must be good for the seller; so I want to be on that side of the deal. And if the price of the stock drops a lot, I can wait for a rebound that usually occurs with solid companies.

Now to get back to how the mind works, what tried to enter my mind unsuccessfully for weeks was the nature of the way the stock market delivers returns. My mind told me that it has an upward bias, of course, to the tune of about 7% annually. So making 3% in month (or 36% annually) on stocks that nobody can predict with any certainty will go down seems like a good bet. Even though there are bound to be losses, the gains should outweigh them. Unless...

Stocks may average 7% returns annually, but they can rise and fall that much in a week (in fact the market was up 7% last week). And by using those options I am limiting the upside. The most I can make on Sunoco in the example is $264. This is true even if the stock went to $40 per share, making thousands of dollars for those who didn't sell options on their shares! Meanwhile my losses are limited only slightly. Even a good company can have its stock price drop in half in a month for a variety of reasons. If that happened in the example above, and the price did not rebound over time, I would lose a couple thousand dollars, which wipes out a lot of $264 gains!

I hope that my strategy continues to work. I have experienced some losses, but the gains have outweighed them so far. But then there is another factor which I did not anticipate. When a stock drops in price and the options I can sell on it are no longer high-priced, it is very difficult to generate much option income as I hold and wait for a rebound (which may not come). But I don't want to bore you with more details of stock trading.

The point is that I thought I knew more than I did, and my mind in its infatuation with that investing idea didn't easily allow contradictory information to enter for quite a while. In fact, I clearly recall a moment as I was shaving when the idea of the potentially large losses versus limited gains started to present itself to me, and I recall that I quickly moved on to other thoughts! Only later did I make it a point to think about this possible flaw in my theory.


Mind and Money Lessons

We don't know that we don't know, which is a very difficult concept to really integrate into our thinking. Our unacknowledged ignorance allows for some big mistakes. Of course we have to make decisions at some point even with incomplete information. But we should keep in mind that no matter how certain we feel about what we know, our knowledge is always incomplete. If we do not understand this, the money we might make might temporarily boost our confidence and so encourage us to do more of the same. But the confidence is largely false, and the success somewhat random, so confidence can simply increase the risks we take without increasing our investing skill or business acumen. The money affects the mind, in other words, possibly pushing us to make even worse decisions.

To counteract this we should make it a habit to look for the flaws in our own thinking. The mind wants to hold up an image of itself as more than it really is -- our ego at work. The result is an unconscious screening of inputs so that only evidence which confirms our thinking is allowed in easily. Facts and ideas that suggest we might be wrong are easily ignored, leaving us very vulnerable to making big money mistakes. To combat this universally human problem, we need to become more aware of how our minds are working, and we need to habitually look for the biases that are there and where those may be leading. In other words, we need to constantly challenge and doubt our own minds to use them most effectively.

Still, decisions need to be made. Should you buy that stock, start that business, or take that job? We can never have all the relevant information in any situation, and we can endlessly analyze our own thinking processes. We face what has been called "decision paralysis." What's worse, some research shows that decisions get worse when we gather too much information -- even when it is all accurate. So if you want to exercise the power of your mind in the pursuit of money, try this formula:

1. Set a deadline for making a decision.

2. Gather a limited amount of the most important information.

3. Do your analysis.

4. Watch for and adjust for any selective evidence gathering and biases in your thinking (and analyze everything all over again if necessary).

5. Make a decision and act. Don't move that deadline too easily either; you will never have all the relevant information and your fears will remind you of this causing procrastination or outright inability to do anything (decision paralysis).

6. Adjust course as you learn more.

This is about the mind and money, but of course it might be applicable in other areas of your life as well.


How to Get Rich Today

How to Get Rich Today

So you want to know how to become rich, and you want it to happen today? Well, you could buy lottery tickets, or find a casino and try your hand at the roulette wheel. You might get lucky. The odds are against you, of course, so is there a better way?


How about thinking about what it means to BE rich. Consider for a moment that you are sitting there with a fantastic machine in front of you. Yes, I mean the computer. It can entertain you, educate you, employ you and more. Now think back two hundred years ago, when the richest people in the world didn't have access to a computer, or a television, or a car, or a refrigerator, or modern medicines.


Consider how many millions of people TODAY would eagerly trade places with you. Even if you consider yourself poor, there are others who would consider you rich by comparison, right? "Rich" is relative, isn't it? And while others imagine how much better their lives would be if they had as much as you, you imagine a life made better by even more wealth.


It is true that life can be improved by money. Anyone who tells you differently is lying or has a real lack of imagination. But long before you get rich according to whatever standard or goal you have, you can get rich by living differently. You can learn how to get rich by enjoying the real wealth that you already have. You may not enjoy future wealth in any case, if you don't learn how to first.


Start appreciating what you have, and you WILL be richer. Who is richer, a man with a lot of money and things who is alternately stressed and bored, or a man who is enjoying all the good things he has, however few they may be? Plan for the future, to make more money, but get rich today by living in a state of gratitude for what you already have.



Get Rich Today - Part Two

Money is a blessing, as well as an incredible and fascinating invention. It is the distilled essence of all the worldly things you might want or need. Why not make more of it? Here are some simple reminders of things you already know about how to get rich.


1. Start planning to make more money. Pick a way (there are many) and work it. Try another way if you fail, but don't stop trying. Fast or slow - you can get rich. Don't just think about getting rich. Start putting your goals in writing, and taking the steps necessary.


2. Learn what is really important to you. I have watched more than one person spend what could have been a wealth-building investment on things that really weren't important to them. Self control doesn't mean self-denial. It means doing what you REALLY want for the long term.


3. Learn how to manage money. Watch those "Where Are They Now" programs, and you'll quickly see that it is easier to lose millions than to make them. How many famous people have blown through their money in just a few years? 1,893. Okay, who knows, but the lesson is clear: You have to understand how to manage money if you want to get rich and stay rich. Start educating yourself.


Learn to enjoy what you have, and put a plan in place to have more - this is how to be richer today.


How you can win when playing poker?

How you can win when playing poker?

When you ask how you can win when playing poker, you have clarify what that really means. Do you just want to win once in a while, have a big night, or do you want to consistently come out ahead over time? Too many players have the idea that they need to win a lot of hands, and so they lose money by not folding often enough. Others want to look good, and so are easily manipulated into staying with hands they shouldn't play.

I've watched a lot of good and bad poker players (I used to work in a casino). I also just recently did some research into basic strategies used by professional poker players. So if making money sounds better than winning many hands or impressing others, here is what I have found.


Play in the Right Game

Really smart players will tell you that your skill is not the most important thing. I know this from experience because I have never been a very good poker player, yet I have won far more than I have lost. What's my secret? I played against weaker players.

To win at poker, you have to drop the ego trips. This isn't a chess game or a tennis match, and you don't want good competition. You want the others to be clearly less skilled than you. If there are one or two players at the table who are definitely better, you'll probably lose more than you win.


Don't advertise your skill. Find games where the other players are relatively weaker, and let them think they are superior. Win as "quietly" as you can. Pointing out that you are always winning will just chase away the weak players who are responsible for your gains.

Playing the right game also means knowing what your comfort level is. If you can't play the same way at a high stakes table, you probably shouldn't be there. Choose a game where you can play your best game - a game where you won't hesitate over a bet you would normally make just because it seems like a lot of money. Instead of playing to win, you'll start to play to not lose if the stakes are too high for you.

Work your way up to higher stakes after you have some winnings to play with. You might also want to stay at the games where you win. You often can make more money at the lower-stakes games, because the weaker players are there. A good player can make some money at a $2/$4 game (In $2/$4 seven-card stud or Texas hold'em a player can bet or raise $2 in the first two rounds, and $4 after that). In $10/20 games and above, you start to get more professional players, so avoid these.

Know Yourself

One thing all poker players should do, especially when starting out (and possibly forever), is to track their wins and losses. A simple legal pad will work for this. Just be sure to write down how much you lost or won every single time you play. Without this, many players convince themselves that they are better than they really are..

It is also good to make notes with each entry, specifying where you played, what other players were there, and personal conditions. The best players can have a losing night or week, but if you notice that those nights come more often when you have a beer or two, it could be useful information.

Watch yourself and be aware of where your strengths and weaknesses are. If you lose money during more than half of any ten sessions, you probably should reevaluate your play and/or find weaker players to play against. If you can't consistently read your opponents you probably need a different game and/or more practice at a low-stakes game.

If you find that you play noticeably differently when you are winning versus losing, you may not be ready to make money at poker. Accept that you will have losing sessions - just watch to see if they come too often. To be comfortable and play consistently, you should have a bankroll of about 20 times the maximum bet (some professionals say 15 times), and be ready to lose it. For a $5/$10 game, that means you should have at least $200 when you sit at the table.

Other Poker Tips

Know the odds. Do a bit of reading to learn how to calculate the winning chances for each given hand. Then learn how to calculate whether that translates into a good bet based on what is in the pot and what you'll have to bet. Numbers matter in poker.

In Texas hold'em bet good starting hands aggressively to chase players out. The fewer players that remain at the end, the more likely you are to have the winning hand. For example, the statistics say that a pair of aces will win against one other player 80% of the time, but if four players stay in through the first two rounds it will win only about 50% of the time. Strong bets on a decent pair effectively scares off hands that could have become winners.

Most professional players will tell you that you should fold early and often. On average you should be folding about 75% of your hands on the first betting round. Those who play almost every hand win more hands, but lose money in the end. To win more often, you should play a little tighter than the other players at the table.

On the other hand, don't play too predictably. An occasional bluff might win a hand. If it doesn't, you at least have made your play less predictable. Wild play and bluffing are not actually a big part of how to win when you play poker (especially limit poker), but they have their place.

Making a Living as Freelance Writer

Making a Living as Freelance Writer

If you want to really make a living with freelance writing, you can start with the types suggested so far. But you should also look for clients who will come back again and again. The only reason I make decent money for my time is that I've worked for repeat customers so I haven't had to spend too much time chasing after business.

You should set up a website to promote yourself and your services. Design it so that when a potential client arrives on the home page it is perfectly clear what you do and why you are the one to do it. Make it easy to contact you as well. 

Check this previous article " How to Make Money Freelance Writing ".

Your website URL should be on your business cards of course. I tend to stay home and therefore don't mingle with prospective clients much, so I don't have business cards at the moment, but they are probably a good idea. I did recently get several small projects from a local businessman who is launching a travel-themed website, and maybe it would be helpful to have a card to give someone in a case like that (but I managed without).


Freelancing writing for print magazines is a tougher market to get into. Some still pay as much as $1.00 per word. When, instead of $50 or $100, you can make $1,200 for medium-length article, the competition is fierce. It is easier than ever to try though, because almost all of the print magazines that accept freelance work take submissions or queries by email now, and many of them post their guidelines on their websites. Soon I will attempt to sell to the places that pay $0.50 per word or better, but so far my best sales to a printed newsletter paid just $0.10 per word.


Other Considerations

Much of your freelance work is sold with all rights, and if you don't ask you should just assume this is the case. That means you are paid once and you can never again use that article, even on your own website or blog. I can live with that as long as I make a decent rate. And in any case, if I write an article about backpacking I can always write another one in new words and from another perspective.


Sometimes a buyer pays for "First North American Serial Rights" (FNASR), which means they are buying just the right to be first to publish your article. They may or may not specify how long after publication you are free to sell the article elsewhere, but you definitely have to wait until it is published (not just paid for). I recently sold a couple articles to an online writing magazine that buys "first electronic rights," meaning I could sell the same article to a print magazine and, as soon as the buyer published it online, I could sell it again online.


Being able to sell your article again means getting paid more than once. Some authors sell their articles many times. Just make it clear to subsequent buyers that they are only getting "reprint rights" when they buy it.


It can be tough to make money as a freelance writer! I've had a good start, but then I had some advantages. I had a book published by a major publisher and I've been writing for my own websites for almost ten years now. Setting up a website to promote my services took me only a couple day's work and $12 per year to operate it.


I also have other sources of income (I have become a strong believer in diversifying income sources). If you really have no experience, keep your day job and expect to work at your freelance writing for a long time before you make a living from it.

How to Make Money Freelance Writing

How to Make Money Freelance Writing

It used to be that the opportunities for freelance writing were relatively rare. There were only so many magazines that would pay for freelance work. Then the internet came along, and there was suddenly an insatiable need for content to fill all of those websites and blogs.

But then there were suddenly millions of new writers, including myself. The result has been that the rate writers get online is generally much lower than in print magazines. But the good news is that there are more ways to make money from writing than ever before, and you don’t have to be a professional writer to get started. Let's look at a few of the opportunities and what you can make with them...


Fast and Not so Easy

What I call "top of your head articles" are pieces that have six to ten paragraphs or about 500 to 70 words, and don't require research. For example, if you had to write on ways to save money, you could think of a few without the necessity of researching the topic. You could also probably throw together a few travel tips, write an article on how to make a house safer for kids, and generally figure out something to say about a hundred other topics.


These are the types of articles that are bought for medium and low-quality websites and blogs, and you'll typically get no more than $10 for them. In fact, there are many people writing these for as little as one dollar each. Clearly you have to write very quickly to make anywhere near minimum wage with rates like that. These articles are bought with "full rights," meaning they belong to the buyer and can be changed, retitled, have another author's name put on them, and so on.

There are freelance platforms online where you can find buyers. You bid on the projects they post, and they choose among the bids according to price, experience and the details of anything else you offer as a freelancer. If you win the bid and complete the project the website handles collecting the payment for you. Here are two examples of places where you can sign up for free for this (although you pay a percentage of money received):

Ideally, once you have some practice and feel comfortable writing on many different topics, you can contract to write a dozen articles or more at a time. That way you can be efficient enough to make a decent paycheck for a day’s work -- and yes, with practice, you can write a dozen articles of this type in a day.


Cheap Insurance Secrets

Cheap Insurance Secrets

Cheap insurance? Not only can you spend less on all types of insurance, but you can get more of the coverage you need for less. Here are some insider secrets to help you out.


Cheap Auto Insurance

Of course you should get several quotes. You also probably know that having as high a deductible as you can afford will save you money. Here are some money-saving tips you might not have known.


- Demand the legal minimum for liability coverage if you have few or no assets. Many companies try to sell you their "company-recommended minimums" on liability, and even pass them off as the legal minimums. Get the legal minimums. If you have no assets, you are not a target for a lawsuit.

- Review your policies. Have your policy reviewed and get new quotes every year or so. If the ticket you have is now past the three year mark (or whatever the company thinks is important) they will drop the rate, but not automatically, so ask.


- Remove kids from your policy. If the kids are at a college that's more than 100 miles away, you can have them taken off the insurance policy and save a lot of money. You can't let them drive the car when they come home to visit though.

Cheap Life Insurance

- Buy multiple policies. Instead of buying one large policy, you can save money by buying two, and staggering the terms. Have one run until the kids are out of the house, for example, and the other until your retirement fund kicks in.

- Check out the company. Visit This is the National Association of Insurance Commissioners site. It has links to check out companies, including their financial condition, and the complaints filed against them.

- Get rebates. Some states allow agents to rebate a portion of their commission to you. Check online or by phone. You don't have to be from the state to buy insurance there.

Other Cheap Insurance Secrets

- Health insurance: Find a group to join. If you don't have health insurance through your employer, join a group that enables you to get a better policy rate. A fraternal organization or the chamber of commerce sometimes have arranged for group policies.

- Home owners insurance: Consider higher deductibles. Insurance is for disasters, not small stuff. Plan to pay the first $1000 someday when something happens. In the meantime you'll save money every year on your policy.

- Credit life insurance: Just say no. It pays the balance of your auto, home or other loan if you die. If you feel you need it, regular life insurance for the same amount is much cheaper.

No matter what type of insurance you are buying, be sure to get several quotes. Ask about every part of the policy. Don't pay for things you don't need. Ask if there are any special discounts you might be eligible for. Asking a lot of questions and really understanding the policy is the key to getting cheap insurance.


Why is Debt Consolidation Necessary?

Why is Debt Consolidation Necessary?

Why is debt consolidation necessary? Maybe it isn't. It seems like the easy way out of the problem of too many payments every month. When your credit card and loan payments add up to $900 every month, why not just get a loan that will pay all of these debts off and have a nice easy payment of say, $300? There are two reasons why this may be a bad idea.


Debt Consolidation Ignores the Cause

Too much debt? Why? Rarely is the cause due entirely unforeseeable circumstances. Most often, if you have debt problems, it is because you buy too many things on credit. In other words, it is due to bad financial habits.


Now what happens when you combine all that debt? Do you have less debt? Maybe you get a lower interest rate on average, but you still owe all the money, right? Your consolidated debt is just easier to pay, because it is in one lower payment stretched out over a longer period. What else becomes easier now? Adding more debt.

This is exactly what many people do. They get their $900 of various payments rolled into a loan with a $300 payment, and now they have all that excess income. Time to go buy some things on credit. Obviously, debt consolidation can be a way to postpone reckoning with the real problem - bad financial habits. Postponing dealing with debt makes it much worse, of course.


Debt Consolidation Costs More

It may seem like you are saving money on interest with some consolidation loans, but this isn't always true. The problem is that you are converting short-term debt into long term debt. The longer you take to pay off the money owed, the more you pay in interest.

Let's look at an example. If you owed $6,000 on a credit card, with 18% annual interest, it would take a payment of $176.26 per month to pay it off in four years. You would pay a total of $2460 in interest. Suppose, in order to get the best interest rate and easiest terms, you rolled the debt into your 30-year mortgage on your home (many people do this). If it was a 7% loan, it would add only $39.92 to the payment. That's easier than $176, and a much lower interest rate, but how much total interest will you pay over the years? $8371 - more than the original debt.

Of course there are debt consolidation loans that are not for 30 years, but you get the point. Even with a 15-year, 7% loan, which would costs $53.93 per month, you would pay at least 50% more in interest than with the 18% 4-year payoff. Converting short-term debt into long term debt can cost you a lot more in interest.

Try hard to make those payments and get rid of that debt sooner. You'll be glad you did. Of course, it may be impossible to make those payments. That happens, but for a reason. At least work as hard on changing your habits as you do on getting that consolidation loan.


Is a Bad Credit Rating a Good Thing?

Is a Bad Credit Rating a Good Thing?

Could a bad credit rating save you from bigger problems? It has done just that for many young people. How can this be? I'll start with a true story.

A Good Credit Rating Story

A friend, whose name I will withhold, started his adulthood with good credit. He soon was able to get credit cards at will, and finance cars, snowmobiles and more. He managed to make the payments on his debt, and went deeper and deeper into debt while he was at it. By the time he was 30 years old, he had over $20,000 in credit card debt, plus loans on cars and business tools.


It was too much to handle. He considered bankruptcy, but was convinced that the credit card companies would reduce his balance due if he just threatened to do so. First, though, he had to stop paying on the cards, or the credit card companies wouldn't believe he was in financial trouble. He did this, then drafted a nice letter to the companies, explaining his situation. Most of them cut at least 30% off what he owed, provided he paid the remaining balance immediately. This he did with a home equity loan.


In the end, his bad credit rating wasn't as bad as if he had actually declared bankruptcy, so he was able to rebuild his credit score. He has also begun to rebuild his credit balances. His good credit rating has enabled him to begin again the stressful process of overburdening himself with debt.


A Bad Credit Rating Story

Another friend of mine had her first credit rating based on the phone bill in her first apartment. She didn't ever pay the phone bill on time, and it was eventually disconnected. This, and a few other minor credit infractions when young destroyed her credit scores. What has this meant?

She can't borrow, so she hasn't had the pleasure of being at the edge of bankruptcy. She can buy things for cash when she has it, or wait until she does. Has this inability to have a bunch of things around that are worth a fraction of what she owes on them made her a less happy person? The opposite is true, in my opinion. She just doesn't have the debt-stress that is so typical today.

Is Bad Credit Good?

I am not recommending that you purposely try to get a bad credit rating, but if you already have one, it isn't all bad. The habits that got you there would probably get you into even more trouble if you could borrow more. Look at it as an opportunity to stop going further into debt, and a chance to learn better habits.

Start paying cash for everything. Pay down those credit card balances (the higher interest ones first). The moment you get those cards paid off, start setting aside money to buy a good used car for cash. When you've done that, start putting what would have been a car payment into a savings account, for a future down payment on house or a business (the only things you should borrow for). A bad credit rating can be good thing, if you take it as a lesson and an opportunity.


1040 Tax Tips : A few lesser-known ways to save at tax time.

1040 Tax Tips : A few lesser-known ways to save at tax time.

1040 Tax Information

Note: This is not an IRS site, but a collection of ways to save money at tax time - ways that you may not have heard of.

IRA Tax Deduction Secret

Starting an IRA (Individual retirement account)? There is a way to get two tax deductions from your contribution. Instead of using cash, sell any stock you own which has decreased in value, and then put THAT cash in your IRA. Why? Because you can write off the capital loss for the sale of the stock, and thereby reduce your taxes even more than if you just put savings into the IRA.


What if you still like the stock? Buy it back using your IRA. There is a "wash rule" in the tax code that says you can't sell and repurchase a stock (within a certain amount of time) just to claim a loss. However, you and your IRA are separate entities as far as this rule is concerned, so you can immediately repurchase the stock in your IRA and still write off the loss.

The Telephone Excise Tax Refund (TETR)

This is a one-time payment available on your 2006 federal income tax return. It is designed to refund previously collected long distance telephone taxes. Individuals, businesses and tax-exempt organizations are eligible to request it.

Taxpayers have a choice: a standard refund amount between $30 and $60, based on the total number of exemptions claimed on their 2006 tax return, to eliminate the need to locate old phone bills; or they can locate those bills and use the actual amount. Ask your tax preparer about this one.

File Your Taxes Electronically For Free

Free File is a relatively new IRS program is a free service offered by companies for taxpayers with an Adjusted Gross Income (AGI) of $52,000 or less. You can find the links to these companies at the IRS web site.

Before selecting a company link, review the tax software company’s criteria to confirm that you meet their eligibility for preparing and e-filing your federal return for free.

Fees for state tax returns may apply. Some companies offer free state tax return preparation and e-filing.
Some companies offer free e-filing of the Form 1040EZ-T, Telephone Excise Tax Refund, for those who want to claim the refund credit and are not required to file a federal income tax return.

You are under no obligation to buy any of the company’s other products or services.


General Tax Savings Tips

1. Take every deduction you can. Audits are rare, and if you honestly think you are entitled to a deduction, taking it is not a crime. If you are not entitled, at most you'll have to pay a penalty and interest - but only if you are audited.

2. Put off income or capital gains. We once delayed a closing on a property we sold by a week, in order to close after the new year. Our profit wasn't taxed for an extra year that way.

3. Accelerate your deductible expenses. If you pay the property taxes on that rental unit this year, you get to claim it as an expense this year, and so pay less tax.

4. Get good advice. If you have a high income, or a business, stock market or real estate investments, you need to talk to a good tax accountant (not just a tax preparer).