• Jobs You Can Run From Home
    Featured,  Money Matters

    5 Jobs You Can Run From the Comfort of Your Home

     

    Making a firm decision to work from the comfort of your home can be one of the best decisions you’ll ever make in the course of living on earth. There are thousands or millions of jobs that you can do from your home. Online jobs give you flexibility and more time to accomplish other things or have more fun with friends.

    I have met a lot of young individuals who desire to become business owners. Not just any kind of business owner, a ‘Work At Home’ worker. A stay-at-home entrepreneur sits and manages his or her business from his mobile phone or computer and hell of money than a lot of office workers. It’s a mouth-watering dream that can become reality if you really kick off in action.

    One major problem a lot of young individuals encounter is the problem of insufficient capital. The finance required to start that business and journey into the land of financial freedom. Nevertheless, this challenge should not stop you from living your dream.

    I believe your dream is bigger than any problem-you should believe it too. An exquisite man, Martin Luther King once said, ‘if you haven’t discovered a dream you can die for, you’re not fit to live.’

    5 JOBS YOU CAN RUN FROM THE COMFORT OF YOUR HOME

    1. BLOGGING

    Do you own a company, run your business or you plan to do freelancing? No matter the business you want to do, you’ll need a blog. In simple terms, a blog is like a metal tank, where you store every one of your precious stones in. If you happen to be a developer or web designer, you need to showcase your portfolio; that is where having a blog comes in. To a freelancer writer or online marketer, having a blog is one thing you should never overlook regardless of the state of your business. Blogging can quickly help you build your brand into a reputable one.

    Running a blog can give potential customers unpaid access to contact and connect you; you can also earn from your blog through Google AdSense, direct advertising or Affiliate Marketing. A lot of online business owners no make huge income from blogging alone.

    2. FREELANCE

    If you surf the internet on a daily basis, I am pretty sure you must have come across the term “freelance”. Being a freelancer gives you the opportunity to be your own boss; you set the rules and time. There are thousands of freelancers who earn jaw dropping amounts of cash on a daily basis simply by providing simple services like writing, drawing, singing, video editing, singing etc. from the comfort of their bedroom. Freelance entails you helping a person solve a problem he or she is facing. In return, you get paid for the service rendered.
    Just think of any skill you possess; chances are you can use it to make money online.

    To begin freelancing, simply visit sites like fiverr. Alternatively, you can try out forums by navigating to the appropriate section to advertise your skills works very well.

    3. YOUTUBE

    YT is another great job you can do online. YouTube is becoming fast over saturated but that doesn’t mean that you cannot make your own cash. Because of its strict policy and rules, not everyone can begin a YouTube channel. Not every person can afford a High-quality HD video camera, speak good clear fluent English and not everyone can get a nice pretty room for his or her video shoot. Lastly, a lot of youtubers quit after two weeks because they cannot edit a video.

    You need to get the required knowledge and tools for effective YouTube blogging. When you’ve embarked on the journey of building an active community online, the next thing is to monetize your channel. This can be easily done when you apply for Google AdSense.

    4. SELF-PUBLISHING

    Back in the days, to become a writer, you will need to soil your hands with inks, run around through varieties of press departments before you can have a single book published. These days are gone; things are a lot better now. The internet has provided you with a new way; you can now write your own book and publish on Amazon for free. As soon as people begin purchasing your book, you earn a commission.

    The gurus who are making thousands and millions of dollars through this may not like to expose to how profitable the business of self-publishing is. The best part of it is that you don’t even need to write the e-book yourself. You can easily contact a freelance writer who will handle that at a cheap rate for you.

    5. APPS

    App creation is one opportunity that is currently hitting cyberspace really hard. You think creating an app requires you to be a really good programmer. I am pretty sure you have quite a good number of helpful apps on your phone; wouldn’t you like to own one too?

    You need not have a high knowledge of programming. What you need to do is to simply think of an app that is sure to solve a lot of needs. Contact an established or freelancer app developer who will do just that for a little fee. Once set up, you can pay the required fee or pay less to a freelancer to help you put it live on Google Play Store.

    The best way to earn through the apps is through advertising. There are countless apps that are junks on Google Play Store. If your app is different and useful, it will surely attract positive reviews and rating.

    CONCLUSION

    Now that you’ve learned 5 best ways to earn lots of money from the comfort of your home. All you need to start any of the above business simply an internet connection, your mobile phone, and computer system. These are some of the best ways I earn cash online. Discover which one works best for you, focus on it. Gather up knowledge and make research and you’re ready to go.

    If you’ve any question, use the comment box below.

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    Jobs You Can Run From Home

  • Helpful Tips in Starting Your Savings
    Money Matters

    Helpful Tips in Starting Your Savings

    Every time I watch the news, there would be a highlight on the great number of Filipinos who fall into debt. Most would come from the marginalized communities and the middle class. Some would equate the reason of indebtedness to external circumstances such as lack of education, unemployment, other bills to pay as the top priority, other debts to settle, etc. And most Filipinos admit they do not have their own savings. The majority fall into the trap of just living in the present and not thinking long range as to how it could change their future. Some even commit the vicious cycle of buying unnecessary things that make them fall into greater indebtedness.

    So what is my take on this? From the previous article I wrote, I mentioned that I have a mixed background in Credit and Collections and as a Financial Adviser. My inputs in this article are based on the recollection of what I have seen from people’s experiences in debt, and people’s experiences in prudent savings.

    Here are some reasons that prevent a typical Filipino from saving:

    1. Buying Unnecessary Things

      I am not against the principle of rewarding yourself from your wages. However, are you brand conscious? Do you spend too much money in buying things you can hardly afford or somewhat beyond your means? Are you a smart shopper or an impulsive buyer?

      For example, an employee purchasing the latest iPhone or Samsung smart phone for the sake of fitting in in a particular status quo rather than making an informed decision such as canvassing and reading phone reviews online to see if there are other phones that could offer a better value for his money. Just imagine how much money will land on their savings if this principle would be reinforced.

    2. Listening to Naysayers in Terms of Savings

      You heard that right. I’ve hit rock bottom in terms of finances when I decided to leave my past employer and took a risk applying for a government job. I had no stable source of income and just simply had to make both ends meet through the commissions I get every time I get to close an insurance policy.

      Still, whatever you are getting, do not mind what other people say. Even your own family members would mock you. Just do what you’re supposed to do. If you intend to save, then keep that goal in mind. It doesn’t matter if you start small… Reiterating what I have written about the three timelines you should reflect on, I always keep in mind that “any number multiplied by zero is zero”…so what’s that supposed to mean? Just have a multiplier no matter how small it is. Eventually, even the littlest sacrifice will yield results over time. What matters is how you take control of your present financial situation and making yourself even more financially literate.

    3. Lack of Informed Decision or Getting Tempted to Dive Into Financial Shortcuts

      There are numerous companies and books that promise to offer financial wellness. And most Filipinos do not understand the virtue of sowing and reaping. You are like a farmer of money, and using a farmer into an analogy means that it takes a lot sacrifice, patience, and conscious effort. This principle is also very much applicable to savings. When you want to grow your money, it does take an overnight process so the temptation on diving into the quick money making schemes such as those offered by networking companies is quite a disappointment. These companies offer false hopes, or if not exaggerated promises that you’ll be successful and richer. Let’s admit it, we are all visual and greedy in a sense. Ones our eyes are satiated by nice cars, beautiful houses, a bundle of money, expect the little spirit of greed will be stirred. But let me tell you this, I am not totally debunking all of it as there could be some who operate in a legitimate way, however, the success rate of an individual who joins a networking company is not guaranteed because it’s not a one size fits all solution. Some pave their way in the form a traditional business, some through employment, and some through these companies. So you really have to identify which financial pathway really works for you.

      It is best to first research on ways how you could grow your money. Do not decide instantaneously. Compare these ways to your personal values. If you are somewhat a risk-averse person, then you might just place your money in the bank and set aside a specific amount consistently. If you are quite risky you might consider investing your money in stocks, unit trust funds, or mutual funds. If you are in the middle, you might consider investing your money in a variable life insurance policy. Your way of handling your money must depend on your personal values and by incorporating some effective steps you can learn from reliable sources.

    Realistic Steps to Saving Money

    The amount you save will depend on your risk appetite and personal values. If you want greater yield, you may increase the amount, but if you want to see and test it first, you can start with a small and manageable amount. The bottom line is to encourage you to save.

    1. Set an amount you can commit to saving on a regular basis.

      Example:

      A savings of PHP500 / month = PHP6,000 a year

    2. Set a target amount you desire, a timeline, and a specific step on how you want to attain it.

      Example:
      Target: Yearly Savings of PHP12,000
      Timeline: December 2017
      Specific Steps to Take: I will save PHP1,000 at the end of the month out of my PHP20,000 salary.

      Note:
      It is ideal to stash your savings somewhere you won’t be able to access anytime as that of an ATM Card. You might want to consider opening a savings account in a bank that has few branches or a rural bank so you wouldn’t be tempted to find your financial stash and spend your cash.

    3. Consider placing your money in a hidden stash

      Placing your money in a piggy bank, or in a common bank has great disadvantages. First, it prompts you to go seeking for your money and access it when you are tempted to buy something you don’t even need. Second, some banks offer very little interest.

      Honestly, macro banks, rural banks, and cooperatives offer a greater deal. Some Cooperatives, Macro Banks, and Rural Banks offer dividends when you place your money on them. Why and How? It’s because these kinds of financial institutions lend your money to micro businesses and small and medium enterprises. Their concentration is at that.For example, when you save your money at the bank and you choose a time deposit saving, they can only offer a .25% interest rate per annum, and this needs a minimum of PHP 10,000 a month with that default maintaining balance. Unlike when you place your money in a Cooperative, they can have a more flexible term for time deposit savings which could range to a minimum of PHP1,000 – PHP10,000 (or higher) and can offer an interest rate of 6% per annum.

      Before placing money in a Cooperative, Macro Bank, or Rural Bank, make a comparison first or inquire about their terms and interest rates. Also be careful of the fly by night and de-listed Cooperatives that aren’t in this cooperative masterlist.

    Some examples of Rural Banks, Savings (Subsidiary) Bank, Cooperatives and Macro Banks

    1. PNB Savings Bank
    2. First Macro Bank
    3. Bank of Makati
    4. Banco Alabang Inc
    5. CARD Bank
    6. Mutual Savings and Credit Cooperative of the Philippines

    So, let’s develop the habit of prudence and save. It doesn’t matter if you start from scratch. What a great fulfillment it awaits those who turn nothing into something. Until next time!

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  • Three Timelines to Reflect on Before Getting a Life Insurance Policy
    Money Matters

    Three Timelines to Reflect on Before Getting a Life Insurance Policy

    Financial literacy plays a major role in outlying life stages planning.  It is always applicable to different phases of life may you be a single professional, getting married, already has a child, or is planning for retirement.

    As a licensed Financial Advisor, my advocacy is to disseminate my learnings in terms of finances to people who don’t know where to stack their money and help them realize the importance of planning for their future.

    Just to give you a brief background, prior to joining PRU LIFE UK, I have worked in the Credit and Collections Industry both for end consumers and business to business clients. I have seen the ugly side of indebtedness. I have negotiated with consumers who are crying because the interest rates have reached its threshold and don’t know how on earth they are to finalize their delinquent account.  I can definitely say that I have flipped both sides of the coin and negotiated for debt consolidation and at present negotiating for savings in the future.

    Why are people reluctant with life insurance policies?

    Risk…it is an inevitable factor. I noticed that most Filipinos have stigmas when it comes to risks and is very much risk averse. I am not sure if this has been contributed by bad experiences from Insurance Agents or Pre-Need Insurance companies that became insolvent. As most businesses believed, risks are okay, as long as these are not impulsive risks but rather a calculated one which requires planning or contingency. Risks can be reflected on for us to be able to come up with the most suited solution and carry on for a life stage planning.

    So why is it important to secure an insurance policy?  What’s in it for me?  We know that life is packed with a series of unfortunate events and we just simply have to be ready for that.  Our solution lies on three timelines we need to reflect at…

    1. PAST  –  Ask yourself, have I learned from the past mistakes I committed in terms of handling my finances?

    If I have fallen into debt or my parents had, what takeaway lesson can I get from that? Or, if I have seen in the past people who became successful in being stewards of their money by prudently saving and thereafter leaving a chunk of inheritance to their loved ones.

    2. PRESENT –  Assess your current financial situation.  Am I trying to make both ends meet at the moment and how long will I have to endure this same situation?  Will my present situation be the same situation I’ll be in the years to come?  Maybe you’re saying to yourself, “Nah, I cannot spare some money to obtain life insurance”, but the decision lies at hand in the present circumstance.  If I do not decide today, I’d wake up with the same situation. As Einstein has put it, doing the same thing over and over again is insanity.  You know you dream of being stable financially, in your heart, you want to also have your own savings, a money where you can get any time when you want to secure a house or a car or something that can be utilized for you when emergencies arise.  The decision is NOW.

    I think the usual problem is we want shortcuts.  We loan the things we want to obtain and the consequence is it adds up to our burden because we have another financial obligation.  What if, you decide now, to discipline your spending and delay some our your material gratifications. Also, saving a huge chunk and realizing it’s something you cannot maintain, is other pitfalls.  There are low premium insurances available that offers cash value in 5, 7, 10 or 15 years to pay.  The most essential thing to look at is the amount you are committed to set aside and know in your heart that it will not lapse or be a burden to you.  I am a firm believer that any number multiplied by zero is zero, therefore, it doesn’t matter how much you set aside, as long as you have a definite number as your multiplier, then you can save and grow your money.  Just only keep in mind, the higher the risk, the higher is the return, and the lower the risk, the lower is the return.  Anyways, what matters is the multiplier.  You can start from small and gradual steps that’ll lead you to financial wellness.

    3. FUTURE –  Most people I believe are too caught up in the present situation that they fail to envision their future.  I know it may sound a little dramatic if I ask you to just relax a little, take a deep breath, close your eyes, and think of the things or situation that you see yourself in the future.  Sure nothing is definite in life, but seeing your future is like having a compass on the difficult circumstances you’d like to someday leave behind and to be able to enjoy life worry free.

    I’d say, think of the things you’d like to possess for yourself or for your family.  Make it specific.  I know the SMART goal setting is a cliche and I am not going to dwell much on that.  I’d like to put it as simple as just writing a specific thing or situation you see yourself for the years to come and the timeline as to when you’d like to obtain it.

    Write if on a whiteboard or a small piece of paper to remind you that it’s something you desire to happen. It could be as simple as this example…

    Future Plan:  In 5 years, I would like to have some money available for me to be able to buy my own car.

    But, plans go hand in hand with your specific commitment.  I may need you to write that down too.

    Commitment:  I will obtain a Variable Life Insurance plan for 5 years and set aside 3,000 monthly.

    Note that these are just examples and your future plan and commitment should not be templated at the same amount as this one.  Always bear in mind that it should be depending on your financial capacity and a real Financial Advisor will also be happy to make this assessment for you and help you with the right financial planning.

    So, you can give it a try and as another piece of advice, it is best to first go to the insurance commission website and research on the most stable insurance companies, that way you know that your money is being taken care of properly.  Or you may download this PDF file for reference.

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    Three Timelines to Reflect on Before Getting a Life Insurance Policy