• How To Earn Money Without Working

    We happen to live in a material world, where money tends to go faster than it comes by. For most of us, our hard-earned green notes go into daily survival needs – food, clothing and shelter. What we are left with is barely anything to scrape by with. And if you are like an other average employee, every month the only financial bit you have with you is the debt you have incurred. Paying off student loans, mortgages, car payments and credit card bills, has become a norm for the general public. While many feel stuck in the wheel of slog-earn-pay bills-die for the rest of their lives, you can get yourself out of the cycle by following these proven steps on going from debt ridden to rich. We teach you how to earn money without working.

    Have you heard of Robert Kiyosaki? What about Tony Robbins? There are many gurus out there who teach us about getting financially strong, citing their own struggles and eventual victory with their finances. You may read book after book, watch video after video and even go for seminar after seminar to gain knowledge and insight, but the fact is that nothing is going to change until you MAKE the change. To break it down, follow these easy guides and watch your bank account grow along with your happiness quotient:

    • In his groundbreaking book, Think And Grow Rich, Napoleon Hill had stated something that no one had ever thought of before: what you think, you become. Richness is a mindset. Look at any millionaire, or billionaire for that matter. They always have that air about them, that confidence that separates them from the rest. If you want to become rich, the first thing you need to do is think about it.
    • Many people think about paying their bills the minute money comes in. However, financial experts like Tony Robbins suggest that you PAY YOURSELF FIRST. What does this mean? The minute you get paid, first think about setting an amount said that you will not touch, no matter what. Every time you earn interest on it, re-invest. This is what Warren Buffet did at a young age with his wife, and continues to do to this day. If you feel that you don’t have enough to pay your bills, that will be incentive to work harder and meet your living expenses.
    • The principal sum you save up needs to be saved up. However, you can live off the interest. Likewise, if you have real estate that you aren’t living in, you can make use of the rent that you earn from it. Keep rolling your assets and you will find that soon you will use it as a backup plan, while being able to lead a comfortable life over the earnings you get from it.
    • Another great tip is to learn from your favorite mentor. Each person built their empires in different ways, and some of their ideas may suit you, while others may not. Find a plan that goes with your lifestyle, and soon it will become more of a joy to save rather than a burden or something that you detest doing. Make saving fun. While some people love low risk investments and prefer putting their money into real estate, others may find that investing in the stock markets through equity or derivatives is exciting and something that interests them greatly. Do what you love so that you end up loving what you do.

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  • One Way To Earn A Secondary Income With No Effort

    In his groundbreaking, bestselling book Rich Dad, Poor Dad author Robert Kiyosaki said a lot. He mostly spoke about real estate and other financial findings that honestly slipped most of our minds, but there were certain gems that every Tom, Dick and Harry can imbibe and earn a secondary income while still maintaining a job. One of the gems – Don’t Work For Money; Make Money Work For You.

    How the hell are you supposed to do that? You may ask. Well, the best possible way is to SAVE. That’s right. Instead of thinking that you need to WORK to earn, you just need to SAVE to earn a fixed income. You see, we have been taught since the time we are in school, through teachers and parents alike, that it’s only when we get good grades, earn a degree and work as an employee in a regular job are we going to get rich. Kiyosaki proved that wrong.

    Rich Dad Poor Dad

    Rich Dad Poor Dad

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    Buy Rich Dad Poor Dad here.

    So this is how you do it: When your salary gets credited, you first PAY YOURSELF. Exactly. Usually people think of paying their bills, reducing their debt, paying the rent or mortgage – but here, you first keep some amount aside in the form of INVESTMENT. You may argue that you don’t have enough then to pay your pills and your creditors will be banging on your door. So that should give you incentive to work harder and earn enough to pay yourself and have ample over to cover all your bills.

    An important point to remember is that when you pay yourself, you don’t just leave that money in a bank account. You keep rolling that investment. Warren Buffet said the same thing: never pull out the money invested. Not even the interest. Use the accrued amount to invest in something more exciting. The $20 that he and his wife kept putting in month after month from the age of 24 is still being rolled into investments even in their old age.

    Yes, you may feel the pinch for a while, since you are so addicted to paying for things that will get you momentary satisfaction, but if you hold the cravings, in no time you will find yourself smiling in pride as you watch your investments grow in front of your eyes. That’s the magic of money: it can gain you the freedom to earn a secondary income with no effort.

    Visit Richard Kiyosaki’s Official Website.

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  • How to Become A Consultant And Earn

    When you give an expert advice in a particular field, then you call yourself a consultant. If you want to be a consultant of your choice, at your convenience and earn, then the below article is a must-read.

    Major Categories

    There are many ways to earn money as a consultant. The main areas are HR consultant, Strategy consultant, Technology consultant, Public relation consultant, Marketing Consultant, Legal consultant, IT consultant, Social Media consultant and financial consultant.

    But other than the above, there are other options too. Whatever the area is, you should have knowledge and experience in the field you select.

    How to Begin

    All the below points need to be taken into consideration for becoming a consultant of your choice:

    • Before plunging into establishing the business, it is first important to identify your interest, strength and experience.

    For example, if you want to become a consultant in food industry, it is not the interest alone that would help you out. You should also have the expertise and experience required to plan and start your career.

    • Certain industry doesn’t require you to hold any certification or training. But most of the industries want you to be a qualified professional to give them professional advice. Getting license to start a business is also vital.

    • Setting a goal is as important as starting a business. You can’t expect to hit jackpot from day one. There is always a growth graph and it always takes time to grow.

    • Getting to know the customers is an integral part of consulting. Have different kind of customers. They can be individuals or corporate. Plan according to the target audience.

    • In any career, keeping yourself updated is very important. Always do a research on your field/area so that you can help your clients with your ideas suitable at that point of time.

    • Always try to have an office separately. An office can be attached to your home if your career has just started. Then, gradually you can look out for some office space after you have established yourself. But an office is certainly required!

    • For any business, building a network is very important. If you stand alone without building the network in the field you work, no one is going to know about you and no one is going to notice you. Having a professional network and social network helps build your career path.

    • Once the network is built, it is time to advertise/publicize/market you profession. It is not a property that you are going to sell. You are going to sell your ideas. In today’s world, you have lots of media and ads to help you out. But just take care and plan your budget for marketing.

    • Also, determine how you are going to charge your clients. Set the fees. Also, decide whether it is going to be a project based fee or hour based fee. Talk to the client.

    • Last but not least, you certainly need help to handle your business. Even though, it is easier to handle it alone at the start of your career, it would require some support after you settle down well. So think about it.

    Whether you work as a full time/part time consultant, it is important to focus on earning money as consultant. So, identify your skill, make your choice and go step by step and start earning!

    Image Source: wiseradvisor.com

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  • Home-made businesses that made it big

    Every home business starts out small. Small business owners use their education, expertise, time, and energy to grow and thrive until they eventually create successful companies. No home business owner ever made it big without hitting a few bumps in the road. If you talk to any business owner, they will tell you there are some things they wish they would have known before starting their own business.

    Home-made business idea that aspiring entrepreneurs can use as a jumping-off point for something bigger.

    Their best answers are below:

    Start a Service-Based Business

    Service-based businesses are a great jumping-off point for newer entrepreneurs. In college, a digital marketing company and it was a great business to start with because there was minimal overhead, and use network of independent contractors to expand my bandwidth and service offerings as needed. Use your business to generate revenue and build your network. This makes your profit higher.

    Sell Products on Etsy

    If you’re crafty, make things at home and sell your handmade goods on Etsy. It’s free to set up an account and only costs $0.20 to list an item. If what you make is interesting, it can fetch a good price. It’s a great way to test the market for an item you make and want to turn into a real business. Clothes, jewelry, gifts and decorative items do particularly well. It will give u a big profit.

    Build a Following

    Start blogging, and build a following with your blog and social media networks. Having a blog not only makes you more influential as an entrepreneur, but it also makes it easier for you to establish yourself. It will gradually increase your income.

    Clean Homes With Green Techniques

    If aspiring entrepreneurs want to target a more specific niche, they should try green home cleaning. This is a business that can literally be launched out of the trunk of a car without a huge amount of startup capital. But if you continuously tune up your work and get some small amount in beginning stage. All of them get inspired by your work then increase your rate and you can also ask someone if they are interested. It will be come as a big team. You may be a lead for that group.

    Start an eBay Store

    One home-made business idea that is great for aspiring entrepreneurs to use as a jumping-off point is starting an eBay store. The site is extremely intuitive, and the cost of entry is cheap. Start in an area you feel knowledgeable, and start looking for deals. For instance, if you know about boats, you should start buying and selling small accessories that you would buy for yourself.

    Help Friends Sell Their Products

    It works on most e-commerce platforms. You can quickly learn how to set up an online store and manage it for your friends, acting as their representative for a percentage of the store’s income. You can run several stores easily.

    Find Niche Online Communities

    It’s easy to say Facebook, Twitter and LinkedIn can help you find like-minded individuals and connect with your friends and acquaintances. But don’t you wish there was one place you could congregate with those same like-minded people who could get to know each other and have constructive conversations and build, share or do great stuff.

    Image Source: webcash.in

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  • Exchange-traded Funds

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    An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

    ETFs experience price changes throughout the day as they are bought and sold. ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors.

    Advantages of ETFs

    • By owning an ETF, investors get the diversification of an index fund as well as the ability to sell short, buy on margin and purchase as little as one share (there are no minimum deposit requirements).
    • Another advantage is that the expense ratios for most ETFs are lower than those of the average mutual fund.
    • When buying and selling ETFs, you have to pay the same commission to your broker that you’d pay on any regular order.
    • There exists potential for favourable taxation on cash flows generated by the ETF, since capital gains from sales inside the fund are not passed through to shareholders as they commonly are with mutual funds.

    BREAKING DOWN ‘Exchange-Traded Fund (ETF)’

    • An ETF is a type of fund which owns the underlying assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares.
    • The actual investment vehicle structure (such as a corporation or investment trust) will vary by country, and within one country there can be multiple structures that co-exist.
    • Shareholders do not directly own or have any direct claim to the underlying investments in the fund; rather they indirectly own these assets.
    • ETF shareholders are entitled to a proportion of the profits, such as earned interest or dividends paid, and they may get a residual value in case the fund is liquidated.
    • The ownership of the fund can easily be sold or transferred in much the same was as shares of stock, since ETF shares are traded on public stock exchanges.

    ETF Creation and Redemption

    • The supply of ETF shares are regulated through a mechanism known as creation and redemption. The process of creation/redemption involves a few large specialized investors, known as authorized participants (APs).
    • APs are large financial institutions with a high degree of buying power, such as market makers that may be banks or investment companies. Only APs can create or redeem units of an ETF.
    • When creation takes place, an AP assembles the required portfolio of underlying assets and turns that basket over to the fund in exchange for newly created ETF shares.
    • APs return ETF shares to the fund and receive the basket consisting of the underlying portfolio. Each day, the fund’s underlying holdings are disclosed to the public.

    ETFs and Traders

    • Arbitrage. Since both the ETF and the basket of underlying assets are tradable throughout the day, traders take advantage of momentary arbitrage opportunities, which keeps the ETF price close it its fair value.
    • If a trader can buy the ETF for effectively less than the underlying securities, they will buy the ETF shares and sell the underlying portfolio, locking in the differential.
    • Leveraged ETFs. Some ETFs utilize gearing, or leverage, through the use of derivative products to create inverse or leveraged ETFs.
    • Inverse ETFs track the opposite return of that of the underlying assets.

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  • CD Ladders – For Passive Earning

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    CD Ladders – Building a CD Ladder requires buying CDs (certificates of deposits) from banks in certain increments so that you can earn a higher return on your money. CDs are offered by banks and since they are a low risk investment they also yield a low return. This is a good option for the risk averse.

    CD rates are at record lows — at least since Bank rate began tracking rates in 1983. But building a CD ladder can still make sense in some cases. For investors such as retirees and conservative pre-retirees who need safe, income-producing investments, a CD ladder is a useful tool in their portfolio.

    CD ladders maximize returns while they minimize risk. Investments in a CD ladder are constantly cycling out, so investors have more liquidity to take advantage of rising interest rates.

    Steps In Building a CD Ladder

    • A CD ladder being constructed right now should aim for short-term to midterm maturities, around five to seven years. Though the yields on many short-term CDs barely squeak by those of money market accounts, some not-too-horrible yields are available.
    • Use Bank rate’s rate tables to find high-yield CDs available locally or nationwide.
    • In a normal interest rate environment, investors are compensated for tying up money for a longer period of time.
    • The rewards of buying long-term CDs are vastly exceeded by the risk of having a long-term stinker when rates finally do rise.
    • If you’re only going for a safety play, you wouldn’t want to go out further than 24 months.

    How do CD ladders benefit savers?

    • Once it gets established, CD laddering lets you earn the higher yields offered on those longer-term CDs while still having cash in hand as the older “rungs” of the ladder mature.
    • Assuming the theory holds that the longer you’re tying up your money in that timed deposit, the more you’re compensated for that, you should make more by having that ladder than if you just did a one-year CD.
    • The difference in yield between a one-year CD and a five-year CD isn’t nearly as large as it used to be, somewhat diminishing the benefits of laddering.
    • You can make a ladder as long or as short as you like. For instance, you could shorten it by buying a six-month CD as the “bottom rung” and finish it out with a one-year CD, 18-month CD, 24-month CD and 30-month CD. These may seem like weird maturities, but they are available.

    CD as Passive Income

    The best option to earn from CDs would be to look at it as another income rather than the sole source of income. This way you can continue investing a small amount from your regular pay and thus keep getting an additional income apart from your regular income.

    A Passive income from CD thus would give you more liquidity and make you financially less stressed.

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  • Bond Ladders or Bond Interest – for passive earnings

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    What is a bond ladder?


    A bond ladder is a portfolio of individual bonds that mature on different dates. Picture a ladder with several rungs and spacing between the rungs. The individual bonds are the rungs and the time between maturities is the spacing between the rungs. Below is an illustration.

    Building Bond Ladders for Income

    • Bond ladders can help investors earn current income and have the flexibility to reinvest in higher-yielding bonds if interest rates rise.
    • Investors often build bond ladders to help generate predictable cash flow and help reduce some of the volatility resulting from rising or falling interest rates.
    • Find out how to build a bond ladder.

    A bond ladder is built with two primary goals in mind:

    • Reduce risk. By staggering maturity dates, investors avoid getting locked into a single interest rate. For example, say an investor bought a single five-year bond. If interest rates were to rise two years from now, the bond would still be paying interest at the lower rate.
    • Manage cash flow. A bond ladder also helps to manage cash flows for particular needs. For example, since many bonds pay interest twice a year on dates that generally coincide with their maturity date, investors can structure monthly bond income based on coupon payments with different maturity months as well as years.

    How to build a ladder

    The bond ladder itself is fairly straightforward to create. The overall length of time, spacing between maturities, and types of securities are primary considerations when building a bond ladder. They are:

    • Take the total amount that an investor plans to invest, with the goal of extending the ladder as long as possible. An additional benefit to having at least six rungs is that an investor can create a ladder structured to generate income every month of the year.
    • The distance between rungs is determined by the span of time between the maturities of the respective bonds, which can range from months to years. Generally, the spacing should be roughly equal.
    • Just like a real ladder, investors can build their ladders with different materials—in other words, different types of bonds.

    How much does an investor need to invest?

    • For the most basic ladder with six rungs using relatively “safe” investments such as Treasuries or Certificates of Deposit (CDs), both CDs and Treasuries typically must be purchased in $1,000 minimums.
    • Bond ladders can be customized to accommodate an investor’s time horizon and income needs.
    • To help boost income, investors may want to add more rungs to increase the maturities on the ladder (remember, longer-term bonds tend to pay higher interest), or add higher-yielding securities like corporate bonds.
    • Municipal bonds also may be added for the potential tax advantages—interest payments from municipal bonds are from federal income taxes as well as some state and local taxes.
    • It’s important for investors to remember that, adding higher-yielding or longer maturity bonds generally adds risk to the portfolio.
    • Building a ladder that includes municipal or corporate bonds may increase the cost to around $30,000 at minimum for a six-rung ladder, as minus and corporate bonds generally trade in $5,000 minimum.

    Whatever path an investor takes, a bond ladder can help ensure that his or her eggs aren’t all in one basket, and give:

    • Better control over exposure to interest rate risk.
    • Predictable access to principal and ability to reinvest it when some bonds mature.
    • The opportunity to help manage an ever-changing interest rate environment.

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  • Earning Bitcoins Passively

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    Bitcoin is a form of digital currency, created in 2009 by anonymous software developer Santoshi Nakamoto. It also caters to International payment which is made easy and cheap as bitcoins are not tied up to any country or any currency unit. It has no credit card fee so it attracts more individual to do transaction using this currency. It is a new payment system and is digital. The payment is digitally created by a community of people and anyone can join them, they are “mined” using computing power in a distributed network widely. Bitcoins are based on mathematics, wherein a set of individual creates bitcoin with a mathematical formula

    It is the first decentralized payment wherein there is no middle man involved nor any banks. The payments are much easier than debit or credit cards and can be used without a merchant account. Payments are made with a wallet application which can be downloaded either on a smart phone or a computer. A bitcoin cannot be controlled by an individual or an organization. Bitcoin can be used to purchase materials from online or even stores. It attracts illegal business as well.

    How to Earn Free Bitcoins

    Many websites offer many options of earning free Bitcoins. All you need to do here is invest a small amount of your time, visit websites and answer some of their questionnaire. The time invested is comparatively small and is similar to watching TV, the difference being you earn something in return for just watching.

    Some websites that offer free Bitcoins are listed below

    1. BitVisitor

    BitVisitor offers free Bitcoins for just watching videos or browsing through websites. Although the total amount of bitcoins earned is very low in the beginning with time and accumulation you would be able to see a handsome amount which can be useful. Well, you however are not investing much here.

    1. com

    This is a reward program where you get to earn rewards in Bitcoins every time you make purchases in Bitcoin. It is easy to earn in this site since you are not required town a user name and can enter your Bitcoin address and earn Bitcoins.

    1. CoinWorker

    This site lets you earn Bitcoins for doing some tasks, mostly analytical in nature. You are required to have a user account to earn in this site. Comparatively the pay in this site is higher.

    Earning Bitcoins from Interest Payments

    This is for people who already possess some Bitcoins, you can earn more Bitcoins as interest.

    1. Direct Lending

    You can earn interest from lending your Bitcoins to people whom you personally know. This comes handy as a good passive income, just be careful to lend to the right person.

    1. Peer to Peer lending

    Bitbond – an option of Bitcoin lending through website listings giving you the freedom of peer-to-peer lending. Borrowers post their requests which you can contribute, either in small portions or in whole. This is very mush similar to cash lending and you would be repaid with interest.

    A point of caution that needs to be taken is to choose a trustworthy site for lending to borrowers. Go through the credentials of the borrower thoroughly.

    Bitcoins are a great way of passive earning and you can earn without doing much hardwork.

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  • Best Paying Work At Home Jobs

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    Online jobs are a good source for earning good amount of money. While there are many scams online, there are also legitimate well- paying ones. A computer and an internet connection is sufficient for these type of jobs but choosing one to match your skill set is important. These jobs are mostly flexible and suits students, homemakers, physically challenged and retirees. Self-motivation, proper skill set and discipline are required important characteristics for working at home. It is important to choose a job that best suits you.

    1. Blogging: You can either create your own blog or write for others. You can earn money from companies who want to put up their ads on your page. Google pays 68% money when its search is used for your blog. Based on your blog’s popularity, you can move from one-click ads to display ads and banners. While this is lucrative, a 100,000 followers are required for ad companies to choose you. Companies pay for writing blogs on their products as these days consumers first search for reviews before buying a product. However, from 2009, bloggers have to provide a disclaimer that they are being paid.


    1. Translator: There is a good demand for people who are fluent in more than one language. Audio files and documents have to be translated keeping in mind the cultural differences. This field pays well and even more for scientific and technical documents.


    1. Web developer and web designer: Companies pay well for freelance web developers and designers as it is more reasonable compared to the big companies. The pay depends on the level of experience and expertise. Monitoring the websites, building templates and troubleshooting can also be part of the contract.


    1. Teacher: There are lot of virtual tutoring opportunities apart from home tutoring. There are several websites that provide jobs with a six figure pay. Freelancing can be done and pay depends on the number of hours you invest. Home tutoring also provides good pay.


    1. Online Jobs: Online jobs other than blogging are available in plenty. Some are form filling, data entry, writer and editor. These are flexible jobs and the pay depends on the amount of work you take. Pay differs for every type and across industries.


    1. Call centre representative: Instead of outsourcing the call centre, companies these days prefer to source it to individuals working from home. Some companies pay by the minute rather than by the hour. The number of jobs is expected to go up by 18% from year 2010 to 2020.


    1. Home day-care: It is another well- paying job which can be done at the comfort of your home and requires very less investment. Providing a safe home and care is sufficient for this job.


    1. Tech support specialist: Companies look for skilled resources to provide technical support for their products. The specialists are educated on the products and are required to handle complaints from home. It is not as flexible as other online jobs but provides good pay.

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  • Advantages of Passive Income

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    Passive income can be thought of as money you earn passively, meaning that it only requires a little bit of effort on your part to earn that revenue.  For example:

    • Owning a rental house and collecting a monthly rental check
    • Owning a website and collecting monthly advertising revenue
    • Owing a dividend stock and collecting the dividend payments

    What It Takes to Earn Passive Income

    All passive income streams will require at least one of the following two elements:

    • An upfront monetary investment, or
    • An upfront time investment

    Why Passive Income

    Although a day job would give you financial freedom, saving that money and investing it in other ventures would give extra from it. This not only gives some extra liquidity to you but also lets you earn extra from your own money.

    Advantages of Passive Earning

    1. Financial Security

    In this era of global financial uncertainty, one cannot always depend on a single source of income for their living. You need to have some kind of backup system that would support you when you suddenly might need. Such financial security should not require too much of your time too because you would need to concentrate on your day job too.

    1. Mental Peace

    When you know there is a support system even if you were to be laid off from your current job you would be stress free and this in itself would make you work better in your current job. Financial stress would be off your shoulders and you have mental peace.

    1. Better Lifestyle

    With more money you sure would be able to enjoy a better standard of living. You can spend on things you like the most. You need not always think about saving you can spend some money too. Investing in passive income gives more spending power to you. If you are a wise spender you sure are going to have more money to invest too.

    1. Spend Time on Your Interest

    If you are a person who would like to take a long tour around the world or a trek to the Himalayas and similar interests you don’t have to worry about leaving your day job. You can take a break any time you want if you have a established second income option.

    This would give you the freedom to move across anytime. You can even plan for an early retirement and spend your time as you would want to.

    This kind of freedom generally is not possible if there is one sole income generating job.

    1. More Assets

    Passive Income in fact gives you the freedom to build more assets while you still are able to do it. If you make perfect plans and invest wisely your passive income would generate more income with time. Since you need to invest either in little amounts or only once you might not even feel it as a burden and with time as the investment matures you would get better and better interests and returns.

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