Low-Cost Investments to Start Making Money From Home

investment for online businessOne of the most popular ways to secure financial freedom in this current generation is to establish multiple streams of income. It could be from multiple jobs, a personal business or even investments. With job security an ever-growing problem for people all over the world, it seems like the most secure living you can get these days is to invest in the internet and work from home. Not only does working from home bypass the minimum wage that is set in your country, you also guarantee a wide range of clientele and the ability to work with people all over the world.

But most home-based investments require a lot of money. Trading stocks, starting up a business or investing in a company takes a lot of cash to start, making it a difficult option for someone who’s climbing out of debt but still wants to secure a comfortable future financially. In order to give you a hand, here are a couple of low-cost investments to get you started with making money from home.

Low-Risk Investments

When investments are concerned, we often think about expensive high-risk purchases like stocks, foreign currencies and even property. However, among all of the investments that people can make in life, there are some low-risk ones that have a very small chance of making you bankrupt. For instance, you can learn how to trade penny stocks online as a way to practice stock trading and you could invest in land purchases instead of entire properties. There are many low-risk investment options available to you as long as you do your research and look at the stability of a market instead of the potential gains.

Penny shares are, as the name implies, very low in price, meaning you can trade them freely without much consequence. However, don’t expect to turn $10 into $1,000 in a single week, and don’t even expect to make money within the first week of getting started. It’s a gradual and slow process, but that’s the nature of low-risk investments.

For property investments, you typically have a lot of factors involved when developing a property to be sold such as the location, target audience and so on. However, when it comes to investing in land, not only is the price a lot lower because you’re factoring out the development costs, it also doesn’t have a defined use, making it a versatile purchase for your buyers.

Starting a Content-Focused Business

A business could mean anything from a YouTube channel to a small company. However, the cheaper options here are definitely content-focused, such as a video channel, news website or a blog. You can monetize most of your content with the help of advertising services, but if you’re feeling brave then you can always upgrade to affiliate programs or even offering a product.

For instance, if you have a popular blog about the history of candy, then you could compile all of your material and blogs into a book to be sold. Ebooks are a natural transition for blog owners due to the content being relatively similar. All you need to learn is how to publish your own eBook and then advertise it to your viewers, social media and so on.

Got A Big Payment On Your Hands? Here’s How You Can Easily Afford It

bills to payThere always comes a time when all of us could do with a little extra cash. The unexpected payout can sometimes be launched on us as a result of something beyond our control – a sudden illness or a car crash, for example. Or, it could be the case that you have something to pay off (like a vacation) and it has just dawned on you that you may not have the money together in time. Whichever situation is relevant to you, there’s no denying that having a large bill weighing on your shoulders can be extremely stressful. Your focus should, therefore, be on being as thrifty as possible to get the money together in time – but what do you do when time itself is against you? Here are a few ways you can save and make money quickly so you can afford that big payout with no questions asked.

Cut out everything you don’t need

The impending payment you need to make may be necessary to your life, or something that you can’t possible wriggle your way out of. However, if you sit back and take a good look at your finances, you may find that you notice certain things that maybe aren’t quite as necessary to your life. For example, could you still be paying a subscription fee for a magazine you don’t even read anymore? Or, perhaps you are wasting lots of money each month by overusing the heating in your home – don’t simply turn it on every morning just due to a force of habit! Cancel everything that isn’t integral to your everyday life, and isn’t something your family relies on too much. These little savings might not seem like a lot initially, but they can certainly go a long way.

See what you might be owed

You might not realize it, but you could have money hidden away in places you weren’t aware of. Read this Fairfield Funding structured settlement review for more information on structured settlements. You may be receiving your settlement in monthly payments at present, but if you urgently need money for something specific, you can apply to have the cash presented to you in a lump sum instead. Equally, if you have been particularly frugal with your household bills lately, you could be in credit with your energy companies, in which case they will owe you money.

Sell, sell, sell

Most of us have a whole hoard of clothes and items taking up space in our homes. Back in the day, we relied on garage sales and car boots to get rid of the things we no longer needed. But thanks to the internet, it has now never been easier to quickly sell your unwanted possessions online for a decent price. Teach yourself the basics of websites like eBay, Gumtree, and Shpock. Providing you can take a few good pictures of your items, and you have the time to post them quickly to your buyers, you can make a lot of easy money just by using websites like these.

A Typical Investment Portfolio

financial investmentsA typical investment portfolio consists of stocks, bonds, real estate holdings, and other types of assets that provide varying degrees of financial security. However, both novice and experienced investors are also routinely advised to buy into mutual funds when they want to build portfolios that allow for better degrees of confidence. You can confidently add mutual funds to your own portfolio by learning some of the primary advantages that they offer to investors today.

Diversification

Mutual funds provide you with the diversification that you need to get the highest degree of security from your investment portfolio. They offset the risk that can come with investing in stocks in the retail, industrial, and other sectors. They also counter bonds that have varying degrees of maturity.

Further, mutual funds are typically low in cost and more affordable than buying individual stocks and bonds. You can buy mutual funds for as low as a $200 to $300 depending on the robo-advisor or financial planning services you use. A certified management accountant like James Dondero can tell you what mutual funds offer the lowest initial investment and offer the highest degree of ROI.

Best Value

As noted, mutual funds tend to be low in cost and easier to purchase than individual stocks and bonds. They also provide you with the best value for your money.

By allowing a certified financial analyst like James Dondero to guide you in buying mutual funds, you essentially get a discounted rate per stock because you are buying in bulk. Mutual funds also help you avoid costly individual transaction fees. You can make more transactions without having to spend a lot of money.

Professional Management

Mutual funds are managed by a professional money manager. This money manager uses your money to buy stocks for you that he or she has carefully researched.

This research ensures that your investment is secure and that you reap the largest ROIs possible with each mutual fund. Professional money managers also take the guesswork out of deciding what stocks to invest in and how much money to put into each fund.

Liquidity

Finally, mutual funds are easier to liquidate than other types of investments like stocks, bonds, and real estate. When you sell your mutual funds, you stand a greater chance of getting back what you initially invested if not more if the fund appreciated in value.

However, you can only sell mutual funds once per day. You must wait until the fund’s NAV (net asset value) is calculated. The time of day that you sell could impact its value. You can get the highest ROI for your mutual funds by following the advice of a certified financial adviser like James Dondero.

About James Dondero

James Dondero began his career in the financial industry in 1984. Since then, he has become an industry leader, having worked for top companies like American Express and the GIC subsidiary of Protective Life.

He now serves as the CEO of Highland Capital Management, L.P. in Dallas. He is also the chairman of the board for companies like NexBank and HCM Acquisition Company.

Dondero volunteers extensively for academic and charitable organizations throughout the Dallas area. Some of his charities include Snowball Express, Education is Freedom, and SMU’s Tower Scholar Program. He also supports the George W. Bush Presidential Library.

Why you Should Never Delay the Payment of your Credit Card Bills

outstanding credit card billWhen used smartly, with prudence and financial discipline, credit cards can be quite a convenient financial tool that can help you manage your rolling money better. However, anyone who has ever missed a credit card payment knows that missing timely payments of your credit card bill is one of the cardinal financial sins. Missing the due date of your credit card bills can have significant financial implications that could affect your overall credit worthiness.

Many falsely believe that paying the minimum amount due on your credit card bill is sufficient to avoid interest on the outstanding bill amount. However, your entire outstanding credit card bill will attract interest charges, irrespective of the amount that you have paid. Missing a credit card bill payment means a late fee will be levied when you fail to pay the minimum amount due by the bill due date. The longer the delay, the charges and late fees keep piling on and a heavy interest is levied on outstanding bill amount.

Depending on your card issuer, the annualized interest rate on this outstanding amount can go up to as high as 45% p.a.While there is a short window of interest free grace period that the RBI directs card issuers to allow and you can avail this window to pay any pending bills that you may have. However, missing a payment means that your credit score is likely to be adversely affected and the card issuer may reduce your credit limit too.

If, for whatever reasons you are unable to pay your outstanding credit card bill, contact your credit card issuer to convert your purchases into equated monthly installments. However, it may cause problems should you decide to apply for a consumer loan in the future.

Get the Best Deal on your Home Insurance Policy

insurance for your homeA home insurance policy is a great way to secure one of your biggest investments. That said, a lot of us are quite apprehensive about the home insurance premium. But it is essential that you get a proper home insurance policy to safeguard yourself against any distress caused in the event of a mishap. It’s all about doing some homework and get your basics right when it comes to home insurance requirements.Don’t know how to go about it? No need to worry, read on.

Today you can find a lot of home policies from insurance providers, offering different types and levels of coverage. Naturally, the first thing therefore to do is to analyze your coverage requirements carefully. With this understanding in place, you will be in good position to know what to look for and make an informed decision.

Another thing on similar lines is to identify what type of coverage is needed for your house. Basically, there are two types of home insurance coverage one can opt for. A home insurance that covers just the structure will only insure your house against structural damages. While on the other hand, a home contents insurance policy will cover your household items against loss and damage. For instance, if you happen to live in an area that is prone to floods, go with structural home insurance. In case your house is susceptible to theft and burglary, it makes sense to go with the cover that offers content protection.

In the event that you need both types of coverage, it is advisable that you subscribe to the same home insurance company. This will help you save on the policy premium as well save the troubles and hassles arising during claims.

Another great tip to get the best home insurance deal is to compare policies online. You can find several aggregators and comparison sites on the internet that present you with in-depth comparisons. This is a great idea to avail the best offer. Additionally, there is a high chance that you will get a good discount on the premium too. This makes it a win-win for the customers.

Next, you should ponder about something called as the ‘excess’. Simply put, it is the amount that you pay out of your pocket during a claim settlement. The simple calculation here is that the excess is inversely proportional to the premium. However, this needs to be thought through as it is all about striking the right balance between the two.

You can also reduce your premium costs by installing safety equipment such as fire and smoke alarms. An anti-theft alarm is also something that’s gaining popularity these days. With such precautions in place, the insurance company will reduce the perceived risk for insuring your home and will in turn reduce the premium.

Once you have finalized the policy, you can aim for the no-claim-bonus. When you don’t file a claim for a certain period of policy coverage, the insurance company will offer a discount on the premium during renewal. However, this varies across companies and thus needs to be checked before buying. That’s it! With the help of the aforementioned pointers, you will be able to get the most out of your home insurance policy.