If you are thinking about creating wealth and yet have a flexible timing, working from home can be an ideal option for you. There are lots of home based businesses that are available and you can opt for the right one based on your skill set, qualities and your preferences. Hundreds of people across the globe are nowadays opting for work from home jobs. Even big companies have started offering such work from home options for their employees.
Types of home based jobs:
The emergence of open market economy has made the world a small place which has led to the growth of numerous different types of job options. Home based jobs are also a major part of them. In fact the advent and popularity of the internet has led to the growth of wide range of such jobs where you can work from home. Some of the popular work from home jobs are:
1. SEO and SEM jobs: If you are good at SEO and SEM applications, you can easily work as a part time home based professional for some client. The target is not so stiff and you will be paid according to the work hours and the type of project you are doing.
2. Freelance web content writer: If you are good in writing and have a creative bent of mind, working as a home based web content writer can be a great option for you. You have to write different kinds of articles site content, blogs and others on various subjects. You will be paid as per the quantity of words that you are writing.
Apart from these, you can also work from home as web designer, graphic designers, programmer, online marketer and so on. By doing your work from home, you can earn a hefty pay package.
Work from Home Based Business
Work from home based business has also become pretty popular. You can easily start a home based business and earn loads of money. One of the main advantages of starting a home business is that you do not have to invest good amount of money as capital.
Time flexibility is another factor why so many people are opting for home based businesses. You can work according to your will as there are no stiff targets. You just need to plan your business properly and implement the promotional strategies likewise. Once you are able to identify your target audience and reach them, you can easily sell your goods and services.
You can Choose from Types of Work from Home Based wealth creation methods
While starting home businesses, it is important that you try to find out the one which is rightly suited for you. You can start various types of internet based businesses like online affiliate marketing, online auction sales, SEO and SEM business, web development and designing, and so on. If you are good at programming, you can also opt for a software development business. The returns are pretty good and you need not make huge investments to start the business
Tuesday, October 19, 2010
UNDERSTANDING THE ROLE OF MONEY!
How Many Cows Are In Your Bank Account?
“Let's Talk…wealth creation” TM
By: Sunday Uche Sam
Exactly what is money? What is wealth? Answers to these questions usually provide
typical responses such as wealth creation means power, control, security, comfort, happiness,
satisfaction, enrichment, etc. These responses simply represent feelings or experiences
from exchanging something of perceived value for goods and services.
In reality, money itself is a means of exchange, and nothing more! Over time, wealth has
been measured in many ways. In ancient times, wealth was measured by ownership of
such diverse items as gold pieces, seashells, animal furs, crops, and, yes, even the number
of cows an individual owned. Some of these measures of wealth still exist today in some
parts of the world.
For people who use what we think of as primitive forms of wealth creation items, the same feelings of power, control, security, comfort, happiness, satisfaction, and enrichment are experienced when something of perceived value is exchanged for goods and services. In previous times, the wealthy farmer needed enough cows for barter in order to sustain life and provide a comfortable lifestyle for his family. Today, the paper and coins we call money does the same thing. Have you ever wondered how the use of paper currency became accepted as a means of exchange? You may not realize that Canadians were the first in North America to use paper currency. In North America's early days, settlers here were often cut off from their previous homeland for months at a time. During such prolonged periods of isolation, coins became in short supply while
waiting for the next supply ship from the “motherland” to cross the Atlantic.
By the late 1600's, silver coins were scarce to the point where the authorities of the day
were unable to pay the soldiers wages. Enter Mr. De Meulles to devise a solution to
divert an economic collapse, not to mention a mutiny from the military! Mr. De Meulles
came up with the idea to write a monetary value on ordinary playing cards. He signed
each card as evidence of their authenticity and the modified playing cards soon became
widely circulated and accepted as legal tender.
The experiment in the use of paper money was deemed to be such a huge success,
playing card money continued for many years, and eventually evolved through various
forms of paper money to the point of currency we use today.
In thinking of money and wealth creation, how much different is society today versus generations ago? Perhaps not as different as one might think! The main difference between life today and that of previous generations, as we see it, is in the way present society defines what living a comfortable lifestyle means.
We currently live in an era where technology and communication play a very big part of
our everyday lives, much more so than experienced by previous generations. Most of us
have televisions, radios, computers, household appliances, cars, and other modern
conveniences we feel we need to have in order to live a comfortable lifestyle.
As a result, society has categorized us into the “haves” and “have not's.” It seems many
people feel that if they cannot afford some of today's so-called luxury items, they are not
wealthy, at least in terms of society's current definitions of wealth. One suggestion as to
why people so readily use loans and credit cards today is to purchase goods and services,
which in turn help individuals to feel wealthy, at least wealthy as seen from their point of
view! This has caused some people to have difficulty in sorting out, in their own minds,
the difference between “need to have” items and “nice to have” items.
Certainly, we need the paper and coins we call money to survive in today's world, just as
people of earlier generations needed cows, gold, and furs to survive. An important issue
to consider lies in how we are defining our perceived wealth. One dictionary defines the
word “wealth” as:
“Riches, feeling of enrichment, being rich, rich people; abundance, having an
abundance of money!”
From this definition, we can see that wealth does, indeed, make reference to money;
however, it also makes reference to abundance and enrichment. Abundance could be
money, but it also could be an abundance of love, or perhaps an abundance of family
harmony. Enrichment is not just about money, either. Enrichment could also be simply
how you feel about your life at the present time. Many people feel enriched because of
their friends and family, or, perhaps, by their contribution to the community.
Money does not equal happiness! This is perhaps one of the most common money myths
experienced by many people today. Happiness is the experience or moments you create
for yourself, whether you actually use money or not. Happiness is not a destination; it is
an ongoing journey, which sometimes, but not always, requires money!
“Happiness sneaks in through a door you didn't know you left open!”
“Let's Talk…wealth creation” TM
By: Sunday Uche Sam
Exactly what is money? What is wealth? Answers to these questions usually provide
typical responses such as wealth creation means power, control, security, comfort, happiness,
satisfaction, enrichment, etc. These responses simply represent feelings or experiences
from exchanging something of perceived value for goods and services.
In reality, money itself is a means of exchange, and nothing more! Over time, wealth has
been measured in many ways. In ancient times, wealth was measured by ownership of
such diverse items as gold pieces, seashells, animal furs, crops, and, yes, even the number
of cows an individual owned. Some of these measures of wealth still exist today in some
parts of the world.
For people who use what we think of as primitive forms of wealth creation items, the same feelings of power, control, security, comfort, happiness, satisfaction, and enrichment are experienced when something of perceived value is exchanged for goods and services. In previous times, the wealthy farmer needed enough cows for barter in order to sustain life and provide a comfortable lifestyle for his family. Today, the paper and coins we call money does the same thing. Have you ever wondered how the use of paper currency became accepted as a means of exchange? You may not realize that Canadians were the first in North America to use paper currency. In North America's early days, settlers here were often cut off from their previous homeland for months at a time. During such prolonged periods of isolation, coins became in short supply while
waiting for the next supply ship from the “motherland” to cross the Atlantic.
By the late 1600's, silver coins were scarce to the point where the authorities of the day
were unable to pay the soldiers wages. Enter Mr. De Meulles to devise a solution to
divert an economic collapse, not to mention a mutiny from the military! Mr. De Meulles
came up with the idea to write a monetary value on ordinary playing cards. He signed
each card as evidence of their authenticity and the modified playing cards soon became
widely circulated and accepted as legal tender.
The experiment in the use of paper money was deemed to be such a huge success,
playing card money continued for many years, and eventually evolved through various
forms of paper money to the point of currency we use today.
In thinking of money and wealth creation, how much different is society today versus generations ago? Perhaps not as different as one might think! The main difference between life today and that of previous generations, as we see it, is in the way present society defines what living a comfortable lifestyle means.
We currently live in an era where technology and communication play a very big part of
our everyday lives, much more so than experienced by previous generations. Most of us
have televisions, radios, computers, household appliances, cars, and other modern
conveniences we feel we need to have in order to live a comfortable lifestyle.
As a result, society has categorized us into the “haves” and “have not's.” It seems many
people feel that if they cannot afford some of today's so-called luxury items, they are not
wealthy, at least in terms of society's current definitions of wealth. One suggestion as to
why people so readily use loans and credit cards today is to purchase goods and services,
which in turn help individuals to feel wealthy, at least wealthy as seen from their point of
view! This has caused some people to have difficulty in sorting out, in their own minds,
the difference between “need to have” items and “nice to have” items.
Certainly, we need the paper and coins we call money to survive in today's world, just as
people of earlier generations needed cows, gold, and furs to survive. An important issue
to consider lies in how we are defining our perceived wealth. One dictionary defines the
word “wealth” as:
“Riches, feeling of enrichment, being rich, rich people; abundance, having an
abundance of money!”
From this definition, we can see that wealth does, indeed, make reference to money;
however, it also makes reference to abundance and enrichment. Abundance could be
money, but it also could be an abundance of love, or perhaps an abundance of family
harmony. Enrichment is not just about money, either. Enrichment could also be simply
how you feel about your life at the present time. Many people feel enriched because of
their friends and family, or, perhaps, by their contribution to the community.
Money does not equal happiness! This is perhaps one of the most common money myths
experienced by many people today. Happiness is the experience or moments you create
for yourself, whether you actually use money or not. Happiness is not a destination; it is
an ongoing journey, which sometimes, but not always, requires money!
“Happiness sneaks in through a door you didn't know you left open!”
Do You Want to create wealth?
Here's how - for real...
The dream of getting rich overnight by winning millions of dollars spurs some people on to live in a fantasy world, while in the real world there are still bills to pay, repairs to make and work to do.
The real world isn't all that hopeless, though. You can have both, if you play it right.
Grab your calculators and let's do a little math.
Let's say a friend of yours averages $36,000 a year earnings over a period of 20 years. $36,000 X 20 = $720,000 or nearly three quarters of a million dollars.
Most people work over 40 years before retiring, so let's double that. It comes to $1,440,000 - close to one and a half million dollars.
Now... according to the Economic Statistics Briefing Room - a government web page - the average disposable income in the US is currently slightly over 24,000 a year. "Disposable income" is defined as that portion of money left after all taxes are paid, so we're pretty much in line, if this friend pays somewhere in the neighborhood of 30% in taxes.
I'm not going to try to adjust for growth over our fictitious 40 years (I'm not into math that much!), so let's just take it like it is and look at a little reality here:
Your friend has made, over his working lifetime, a million and a half dollars. He has paid the government half a million of that (ouch). He spent, saved or gave away a million dollars.
Let's say he saved what the average American does - less than 3%. He saved less than $30,000. Out of $1,000,000.(Yes, I'm ignoring interest and investment returns - we're only interested in his basic income.)
IF he had saved 10% of his gross income, he would have had to work an extra three years (making it 43 years) to have a hundred thousand dollars saved up - not counting interest and returns!
At 25%, he would have had a quarter of a million dollars. Over a period of 43 years, it would have been entirely possible to have turned it into a million dollars.
Could you?
Of course.
Millionaire in the Making is a calculator to show you how much you'll need to save and for how long. Go ahead, punch in some numbers. Then adjust them to make it happen for you.
"Well, all this is fine and dandy," I hear you say, "but it's not realistic."
You're right in thinking that not all of us have 40 or 50 years to save and not all of us can, in reality, save 25% of our gross income.
But just because you can't save a million doesn't mean you can't have a million. Even at today's pitiful interest rate and wobbly investment scene, setting aside a certain percentage or dollar amount of each unit of income will make a big difference in your financial worth.
So, who wants to be a millionaire? You can dream about it... or you can just do it.
The dream of getting rich overnight by winning millions of dollars spurs some people on to live in a fantasy world, while in the real world there are still bills to pay, repairs to make and work to do.
The real world isn't all that hopeless, though. You can have both, if you play it right.
Grab your calculators and let's do a little math.
Let's say a friend of yours averages $36,000 a year earnings over a period of 20 years. $36,000 X 20 = $720,000 or nearly three quarters of a million dollars.
Most people work over 40 years before retiring, so let's double that. It comes to $1,440,000 - close to one and a half million dollars.
Now... according to the Economic Statistics Briefing Room - a government web page - the average disposable income in the US is currently slightly over 24,000 a year. "Disposable income" is defined as that portion of money left after all taxes are paid, so we're pretty much in line, if this friend pays somewhere in the neighborhood of 30% in taxes.
I'm not going to try to adjust for growth over our fictitious 40 years (I'm not into math that much!), so let's just take it like it is and look at a little reality here:
Your friend has made, over his working lifetime, a million and a half dollars. He has paid the government half a million of that (ouch). He spent, saved or gave away a million dollars.
Let's say he saved what the average American does - less than 3%. He saved less than $30,000. Out of $1,000,000.(Yes, I'm ignoring interest and investment returns - we're only interested in his basic income.)
IF he had saved 10% of his gross income, he would have had to work an extra three years (making it 43 years) to have a hundred thousand dollars saved up - not counting interest and returns!
At 25%, he would have had a quarter of a million dollars. Over a period of 43 years, it would have been entirely possible to have turned it into a million dollars.
Could you?
Of course.
Millionaire in the Making is a calculator to show you how much you'll need to save and for how long. Go ahead, punch in some numbers. Then adjust them to make it happen for you.
"Well, all this is fine and dandy," I hear you say, "but it's not realistic."
You're right in thinking that not all of us have 40 or 50 years to save and not all of us can, in reality, save 25% of our gross income.
But just because you can't save a million doesn't mean you can't have a million. Even at today's pitiful interest rate and wobbly investment scene, setting aside a certain percentage or dollar amount of each unit of income will make a big difference in your financial worth.
So, who wants to be a millionaire? You can dream about it... or you can just do it.
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