Guest Contributor on Money Questions and Answers Blog

3 Internet Business Ideas You Can Try Right Now

3 Internet Business Ideas You Can Try Right Now If you’ve ever tried to list all the ways you can make money online, you probably know that there’s no way to even scratch the surface. Internet business ideas come in droves, and every day there are more ways to monetize your presence on the web.

From being Santa Claus for kids to running an affiliate marketing business, you can put just about any talent or interest to work online. Here are 3 Internet business ideas that you can try right now:

3 Internet Business Ideas You Can Try Right Now

1. Sell Information

Do you know how to do something? Are you an expert at finding the perfect hunting spot? Do you play an instrument? Have you kept your happy marriage going for multiple decades? Do you make the best fried chicken, hands down?

Any type of information can become a product to sell if you package it properly. You can draw from your career – maybe you have an advanced degree that isn’t being put to good use in your job. There is nothing stopping you from writing an eBook or creating a video that teaches others what you know, and selling that material.

Modern Couple’s Money Guide, Well-Heeled and Rich By Thirty

by Guest Contributor

Couple worried about the investing choices overwhelming them

Lesley-Anne Scorgie is the founder of MeVest, a money school helping North Americans reach their financial potential. She’s also the bestselling author of Modern Couple’s Money Guide, Well-Heeled and Rich By Thirty. Follow her @LesleyScorgie

What causes trouble in paradise isn’t who picked up their socks or took out the trash (though those things can be annoying too). It’s money; how it’s spent, saved, invested and given.

According to Capital One, 8 in 10 couples fight about money and nearly half feel their partner’s attitude towards money is different from their own . Monetary philosophies are deeply rooted in a person’s values, thus financial compatibility is as important as personality. “Money problems” are cited as a leading cause of divorce and are rarely about money . They’re representations of issues like independence, greed, trust, respect, and commitment.

Take for example a couple where one partner is a compulsive spender and the other is a saver. The saver is bound to feel like their honey is putting the couple’s dreams for the future in jeopardy just to keep up with the latest and greatest cars, clothes, shoes, home décor and more.

Meanwhile the spender has a YOLO attitude and thinks their penny pinching partner is a cheapskate.

In this scenario financial brawls are inevitable unless the couple learns to bridge their financial gaps by understanding where their partner’s views on money came from and by working together towards common financial goals.

How To Succeed With Money As a Couple

Play As A Team

Teamwork and financial boundaries are critical when planning your future with someone. Though you may not like to deal with financial matters, it’s irresponsible to ignore them. Consider the task of checking-up on your finances like regular maintenance on your car. If you care for your vehicle, it will run smoothly and for longer than if you neglect it. You don’t want to find yourself in a bad financial position you weren’t aware you were creating.

All That You Need To Know About Income Replacement Life Insurance Products

by Guest Contributor

Income Replacement Life Insurance People are often confused about what to do with the life insurance benefits they are entitled to receive after the policyholder’s demise – invest it to generate regular income, use a part of the lump sum each month until it lasts, or find another way to channelize the proceeds productively.

In fact, a nationwide study by Forbes LearnVest on Life Insurance revealed that 66% people do not fully understand their life insurance policies. This brings us to an important point – simply leaving behind a substantial amount as death benefit is not sufficient, your dependents must also know how to put that lump sum to effective use, failing which, they may face financial problems.

Policyholders may feel that a suitable life insurance product with a large sum assured is sufficient for their dependent family to achieve important life goals and maintain their lifestyle. However, the fact remains that regular expenses need to be met on a monthly basis, and a one-time lump sum may sometimes leave the beneficiaries puzzled about how to invest/use it, especially if they are not familiar with the financial mumbo-jumbo.

Income Replacement Life Insurance Products

Bearing this in mind, a large number of global life insurance companies have launched a new product variant of life insurance – an income replacement life insurance product. These products come to rescue, if the policyholder feels that his/her family may not be able to efficiently handle/invest the lump sum payout.

Income replacement products, upon the insured’s demise, pay out part of the benefit as a lump sum, and also pay a regular monthly income over a period, say 10-15 years. In other words, income replacement products split the entire sum assured into a one-time payment, plus a continued monthly payment as well. But what makes these products really interesting is the fact that the total amount, beneficiaries/nominees receive, over a period, is more than the sum assured specified in the policy.

How to Trade Commodities and Earn a Profit

by Guest Contributor

Commodities represent a massive market for investors. Whether referring to oil, gold, coffee or soybeans, these physical assets can have an equally physical influence on any wealth management system. Still, there is much more involved than simply buying and selling a certain position at a discrete price when learning how to trade commodities.

Commodities trading takes years to master and nothing replaces experience. There are nonetheless a few tips and hints which can shorten the learning curve while providing the trader with valuable guidelines to follow. What are a handful of “golden rules” that professionals have embraced for years?

How to Trade Commodities

The Dangers of Over-Trading

Unlike the mantra espoused by Gordon Gekko in the movie Wall Street, greed is not always good. One common and potentially fatal mistake that many traders make is to over-trade a certain position. To put this another way, the investor will risk entirely too much capital within a single trade.

Many experts recommend risking no more than 2% of one’s entire holdings at any given time. Even if the position moves in the wrong direction, one’s finances will not be completely wiped away. The point of commodities trading is not to look for a “clean sweep”, but rather to amass wealth over time.

The Almighty Dollar

Always follow the value of the United States dollar in relation to other currencies. As the majority of commodities are valued in dollars, their physical worth is ultimately determined by any movements that this currency makes.

Taxes for Binary Options Traders: Know What You Owe

by Guest Contributor

Yes, taxes rank as one of the most hated things in life, but there’s really no getting out of paying. For US citizens, if you earn more than $600 in a fiscal year, then you owe the government a cut of your earnings. That applies to all sources of income, whether you’re sweating in a mechanic’s shop or making money through binary options trading. How are taxes for binary options traders assessed, though? What are you looking at in terms of tax liability when everything is said and done?

How to Report Your Earnings

Hopefully, you’ll be earning money with binary trading, rather than spending it without any return. That income must be reported each year on your taxes. You have two choices as to how you’ll report your earnings to the IRS – you can opt to call it general income, or you can classify it as capital gains. However, it’s better for compliance with the IRS to report any profit from the sale or trade of an asset as capital gains (short-term gains). Your earnings will need to be listed on Form 1040 D.

With that being said, if you’re a full-time trader, your income will need to be reported under general income rather than capital gains. That offers something of a tax break depending on how much you earn, of course. Make sure to clearly state where the income came from, and the total amount you earned from your trading.

Taxes for binary options traders working with a broker are actually a little easier. The broker is required by law to report your earnings to the IRS. In fact, your taxes are deducted from each trade as you go, so there’s little worry that you’ll be hit with a huge tax bill at the end of the year. It’s closer to the way taxes are taken out of a weekly paycheck than the way a small business owner files his or her taxes each year.

How to Make an Extra Buck with Online Entertainment?

by Guest Contributor

Playing online games and making money in the process? If only it was that simple, you might think. You should know, though, that it is indeed possible to make an extra buck while playing online games. It’s called online gambling – and please, read on before you tell me off. Gambling? Where? The All Slots Casino is a popular online gambling destination open for players in most countries of the world. It has a large collection of high-quality casino games, most of them destined to entertain, but with a handful among them with a real potential to round up your budget a bit – all this while you are having fun. The All Slots Casino is a secure, trustworthy partner, … Read more