MAKE YOUR OWN MONEY

Hubpages Review : Make Money With Hubpages

2009-06-27T19:46:00.000-07:00

Hubpages Review

Today i will personally write a review on Hubpages, and how you can make a potential revenue from it. Basically, i have tried many other ways of making money online by writing. I have tried many other sites ranging from WordPress to Squidoo, as well as many other sites but I would afraid to tell you that out of every site that i tried, i have my most success with Hubpages!
If you do not know or have not heard about Hubpages yet, Hubpages is an article submission site where one can write and publish about virtually anything that is under the sun.

Hubpages is one of the best online money making site available today. If you have an interest in writing and submitting articles, then Hubpages is just for you. You can write articles regarding any kind of topics that you like and best of all it is free! Hubpages is so easy to use and the interface is neat and very user-friendly. Hubpages provides you with all the essential and useful tools so that you can simply and easily start creating a new articles. In Hubpages, an article page is called a Hub. Helpful tools has made it so easy to write, add photos and pictures, as well as adding useful links to your articles. One can easily finish writing an article and publish in merely less than 5 minutes. You won't believe it, just try it today.

It is one of a kind site where the articles that you wrote truly belongs to you. You are NOT selling the articles that you wrote to the site. You are legally and legitimately the owner of the articles that you write. Hubpages is merely just providing the proper architecture and platform to support the articles that you wrote.

In Hubpages, you can earn substantial revenues by displaying relevent advertisements on the hub that you have created. The advertisements are provided by Google Adsense. You can simply register for a Google Adsense account and link it to your Hubpages account. Hubpages provide a easy way to make the link, don't worry. When your readers read your articles and click on the advertisement displayed, you earn a revenue. As has already been said, Hubpages is simply so easy to use, that you don't have to spend a second worrying where to place the ads and also best of all, you don't need any programming knowledge or skills such as HTML at all. All these are taken care of by Hubpages right from the beginning. In fact, Hubpages has even optimized the ads placement and layout automatically for you. All you need to do is just write and publish, and that's it. It is not surprised to see writers (known as hubbers in Hubpages) publishing 100 hubs in a month each.

Also, Hubpages will take care of site traffics as well. You don't have to worry about driving traffics to your site. Hubpages has taken good care of that. You will be amazed that traffics come rightaway the moment you publish your article. In addition, unlike other sites, Hubpages a ranks highly in google search too. A very good plus point. You don't even need to submit your site to google search engine everytime you create a hub.

To earn extra revenue, you also have the options to add-on other modules to your site to enchance your revenue. You have the options to become an affiliate of Amazon, eBay where you earn a commision selling their products too. You can display some products that are related to what you wrote in your article, and when someone purchase that product, you earn a commission on that sales. These are just bonuses on top of the revenue that your hubs are already generating. There is also an option to display Kontena ads on your article. These are text based advertisement that shows up on the text that you wrote if the word is relevent for their advertisement. To be frank, it is a bit harder to earn this revenue compared to the others mentioned above. Hubpages has also recommended that you add-on Kontena ads only when your monthly revenue from Google Adsense are at least US$50 per month.

However, there is a policy in Hubpages that states all revenue generated in Hubpages is split at a ratio of 40:60 between Hubpages and you. That means, Hubpages will take 40% of every revenue generated while you take the rest. Considering that Hubpages provides a platform to support your articles, driving traffics, taking care of basically every other things that a successful site required, and with all the plus points that i have mentioned above, i feel that Hubpages is already rather generous with their revenue sharing ratio. Even with that, I have seen many hubbers making money ranging from US$300 - US$1000 per month! And yes, it is 100% true. So, Sign up with Hubpages now. You will be surprised with their services.

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Make Money By Blogging

2008-12-26T02:16:00.000-08:00

Make money by blogging

Blogging has apparently become a way where many young people make their own money. In this era of information and technology advancement, people are no longer bound to find a physical out-of-home job to earn a living. Well, thanks to the ubiquitous Internet and e-commerce nowadays, you can make your own money online by blogging. Today, blogging is no longer associated with young people. Even many adults, professionals and businessmen blog and make money from it.

What is a blog anyway? Simply put, a blog is just an online journal where you can customize how you want it to look, its color, layout and also not to mention, its contents and other features. Blogging is the easiest way to make money online and best of all, it doesn't cost a single cent to create. You can blog about basically anything you want. You can try some blog hosting sites that offer simple and easy to use blogging services where no programming skills is ever required to start a blog. You can use Blogger, Wordpress or Jackbook to create a blog.

But if you are serious about making real money online. It is best that you blog about topics that you really know or you are interested in. There are a number of ways you can make your own money by blogging though. The simplest of all is to register for an advertising account and display the advertisements on your blog. You will then be paid on a pay-per-click basis, that is you will earn revenue when someone visiting your blog clicks on the advertisements you displayed. There are also other companies that offer revenue based on a cost-per-action as well, that is, you will earn revenue whenever someone sign up for the product or services. Two popular advertising services that are widely used today are AdSense by Google and Overture by Yahoo!

You can also join affiliate marketing by selling other people's product or services and earn some commissions from it or you can also set up your own online virtual stores to sell your own products.

That's how you can make money by blogging.

Ways To Make Money - Teenagers Guide

2008-12-25T16:57:00.000-08:00

Ways for Teenagers To Make Money

There are basically two ways teenagers can make money; either go out there and get a summer time job or make money from the internet. Survey has shown a great majority of teenagers will opt for the former way to make money. For instance, a teenager can get a summer job in a departmental stores and get paid $10 an hour, which is what most teenagers will do because it gets them pretty quick cash. However, the downside is that, these teenagers will never learn the skills of building and running a business. In fact, the taste of getting some pretty quick cash and the habit of keeping a job will soon keep them glued to the job for the rest of their life.

In later stages of their life, they will have mortgages and car loans, utilities and other bills to pay. At that time, they would have reached the "there is no turning back point" and they are officially stuck. They can no longer quit their job. They cannot afford to lose their job and so they will be keeping their job for the rest of their life.

Having a job will never give you financial freedom because it is of the earned income type, which is an income that stops flowing the moment you stop working. (Read my Different Types of Income for better understanding)

The second method of making money online is a better option of making money although initially it doesn't provide pretty much quick cash. Sometimes, there isn't any money coming in at all for the first few months but in the longer run, this method of making money proves better. Besides, it also gives the teenagers a better glimpse of what running a business is all about, particularly when building a online storefront. The fastest way to make money online however is through affiliate marketing or blogging.

Affiliate marketing is where you start selling products created by other people and earn some commissions by directing customers to their website through your affiliate link. You earn a certain percentage of every successful sale. The best part is that you only need to create a website promoting the products once and it will take care of itself by self promoting for every customers; which is unlike real-life direct selling, you need to promote and repromote again and again for every customers. If you already have a wide network of friends or people, another effective and faster method will be attaching your affiliate link at the bottom of every email you are going to send, be it friends, relatives or even family. Please don't spam. That way, you are promoting to pretty much people pretty fast.

This is one of the best ways for teenagers to make money because they really get the chance to understand how businesses work. However, get paid to write review, get paid to do survey and other similar things like that are no different from having a summer job. That's just an online version of having a job. You get paid when you do it. You don't get paid when you stop doing it.

So, do understand that although you can simply go out there and get a job and get some pretty quick cash, having a job will never make you rich in the long run. The only person getting rich is your boss. Become your own boss and start building business is the best options. Although building a business cannot be done overnight, it requires time, but in the long run, cash will come one day and keeps flowing in every month whether you work or not. You will be in command of how much you want to earn, not your boss. Now that summarizes the ways for teenagers to make money.

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Understanding Risk And Return

2008-12-24T20:03:00.000-08:00

Risk And Return

Investing in various types of investments isn't without risk. The higher the return of any investment, the greater the risk will be. Risk goes hand in hand with return.

Understand the Risk-Return relationship below (see also diagram below).

1. The higher the return potential, the higher the risk is associated with it.
2. The lower the return, the lower the risk.
3. Different types of investments come with different risk-return relations.
4. Different vehicles of each investments types also come with their own risk-return relations.

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The Power Of Compound Interest

2008-12-22T18:23:00.000-08:00

Compound Interest Power

Today i am going to show you the greatest gift of all natures : The power of compounding interest and how you can harnest its power fully in your wealth building journey. The power of compound interest is best harnested the younger you start saving and putting money aside.

So how does the power of compounding interest works. It works by setting a certain amount of money aside for a certain period of time. Compound interest is the interest earned on the reinvested interest, in addition to the original amount that you save.

For instance, you are 20 years old today and started putting $10,000 in an investment account for 35 years and left it there until you reach the retirement age of 55. The interest rate for this investment account is 10% p.a and compounded every year. Hence, when you reach your retirement age, the initial amount of $10,000 would have balloned to $309,126.81. An amount increase of more than 3000% !!! However, if you only put that $10,000 when you are 30 years old, the amount would become $119,181.77 when you reach the age of 55. A significant difference of $189,945.01 for that 10 years you started saving late.

You can click here for steps and formula of calculating compounding interest in Excel.

This shows the power of compound interest. Harnest it young and you are on your way to becoming wealthy. Actually ,there is another way to harness the great power of compounding interest which i will explain to you more in my next post.

Calculate Compound Interest In Excel

2008-12-20T19:28:00.000-08:00

Compound Interest Calculation in Excel

The formula for compound interest calculation is :

[Amount Invested] * [ {1 + ( Interest Rate Per Annum)} ^ {Number Of Years} ]

For instance, we want to calculate the total return of our initial investment amount for a specific duration at 10% p.a. interest rate, see below :

Amount Invested = $10,000
Interest Rate Per Annum = 10% or 0.1
Number Of Years = 35 years

Calculation steps in Excel :

1. Open a new Microsoft Excel worksheet

2. Point to any empty cells in the worksheet

3. Key in : =(10000) * ( (1+0.1)^(36))
Note : If you invested at age 20 until age 55. Total years of investment is actually 36 and not 35.

4. You will get $309,126.81

If you want to calculate compound interest on a monthly basis, then you will need to divide the Interest Rate Per Annum with 12, and multiply number of years with 12 to get the number of months. See below :

Amount Invested = $10,000
Interest Rate Per Annum = 0.1/12 or 0.0083333
Number Of Years = 35 years * 12 = 420 months

That explains the calculation of Compound Interest in Excel.

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What Is Money?

2008-12-16T03:20:00.000-08:00

Money? What is it?

Before you start to make your own money, you must first understand what money really is and how it works? Money is a "medium of exchange" for goods and services. Most people don't specifically take the time to understand money and get to know what it really is. Most of their major concerns are how much money they have, and how to get more of it. Money questions only arises when their money is not functioning properly.

Prior to the invention of money, human trades directly with one another through barter system, that is, a system where i trade my goods or services for your good or services. Problem exists in this system when a person might not want what the other party offer in exchange. Hence, there is no deal. So, to overcome this problem, money is invented. Money acts as a medium which is universally recognised and accepted by everyone.

As such, exchange can take place when a person can trade his/her goods or services for money, knowing that with the money, he/she can exchange for whatever he/she wants later. Thus, money facilitates transactions.

Money cannot be just an idea, it has to be a physical entity for transactions to take place. Long ago, humans have used gold and silver as the physical entity for money as they are valuable metals. Today we have electonic money, notes and coins that circulate in our monetary system. It has since become the best form of exchange serving us mankind in our modern everyday lives after evoluting thus far.

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The Problems Of Having A Job

2008-12-16T01:03:00.000-08:00

Job Problems

The problem with owning a job is that you are trading your precious time and skills in return for your employer’s money. Didn’t you realize that what you work for in the jobs you have done is in fact really not worth what you are being paid?? My methodology is that your pay is determined by how much you are worth for doing that particular job. Also note that your employer is in a business and a business is to make money and turn a profit. So in other words, your pay should be determined by how much your job has contributed in churning out the profit for the company. There goes the equation (simplified for easier understanding):

Of course the equation is over simplified. There may be other factors that affect the equation like maybe the company just got a great deal from obtaining supply of raw materials at special prices or got a good investment deal and would like to declare more bonuses etc. But in normal job circumstance, there is no way that your pay will be far beyond than what your job has contributed to the company’s profit. That would mean the company is losing money hiring you which is unlikely to happen. That is why a job is sometimes also known as "Just Over Broke". So think really hard. Why do you need a job? Isn’t it better to make your own money instead of relying on your employer and knowing that your pay will be slashed almost by half to the government as taxes? Prepare yourself to get ahead, know the problem and stop relying on having your job.

Different Types of Income

2008-12-14T01:40:00.000-08:00

Different Types of Income

Basically there are 2 different types of income, although some states that there are 3 and some even states that there are 4 or more types. But for simplicity, we will just stick with 2 basic types of income, active income and the passive income.

Active Income

Active income is the income that you have to personally work for in order to obtain the income. For example a job, if you work you get paid, if you don’t work, you don’t get paid. This is the kind of income that needs your involvement and you have to trade your time for it.

Passive Income

Passive income is the income that will come in whether you work or not. Examples of passive income are royalties, rental collections, bank interest, dividends and etc. Usually these incomes will come in freely every month for the rest of your life if you could sustain it. For instance, say you have $100,000 sitting in the bank earning an interest of 7% p.a. If you can sustain it for twenty years or more in the bank account, you will be earning $7000.00 every year or $583.33 every month for that whole twenty years or more tenure. Isn’t that wonderful?

Now that you know there are two different types of income, which type do you prefer to have? You know it so, go ahead and make your own money.

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Process of Making Your Own Money

2008-12-13T02:40:00.000-08:00

The Make Money Process

Aren’t you tired of having a job? Typically this is what happens when you own a job. You will wake up in the morning, go to work, and come back home in the evening and go to bed and sleep at night. Then the next day comes, you wake up again, go to work, come back home in the evening, and then you sleep again at night. Then you repeat this process all over again the next day, again and again and so on for many, many years, if not for decades until the day you retired. This process is no different from a robot’s life.

What really sadden me most is that I am seeing a lot of people doing this without themselves even realizing it. We are human beings, and not robots. We are not supposed to behave like robots, should we?

I do understand that many people simply cannot afford to lose their jobs. They got their house and car installments to pay, they have utility bills to pay, they need foods to survive, and their kids have to go to school etc. But there is always a way to get around this. But this depends on individuals as well, the younger you are, the easier it will be and the less debt you have the easier it is as well. You have to start learning this as soon as possible, if possible, today, because time is running out. Time is always the one thing that no matter how much money you have, you can never buy it. There are so many people out there that are wasting their time or are giving away their time so freely. So start learning the other ways of making money apart from your job.

There are actually many ways you can make money other than having a job. But the concept behind the process of making money is always the same. It is the process of creating more money, and then to breed the money to get better returns and finally to preserve what you have made. The process of making your own money is summarized below :

i. Create Money
ii. Breed the Money
iii. Preserving Money

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Reasons why you don’t need a job

2008-12-11T07:36:00.000-08:00

Reasons you don’t want a job

Have you ever wonder why you are going to your workplace to work every morning just like everyone else? Aren’t you tired of waking up and rush off to work everyday like this after so many years, if not, decades? Haven’t you think of a better solution? If you really think hard, you will find out that it is our society that has made us like this since a very long time ago. Since the beginning of the industrialization era, booming industries and factories hire a lot of people to work for them, therefore these people become the workers of the factories. After so long till today, the mindset of going to work has already been pre-programmed into us the day we were born without us even realizing it. That mindset has been so strongly and deeply programmed into us that it has already becomes our second nature.

If you do not believe me, just look around yourself, perhaps your relatives, or maybe your neighbors. Everyone after getting a college or university degree, will automatically start looking for job. Looking for a job is automatically the next target.

So what’s wrong with having a job you might ask? There isn’t anything wrong with having a job. It is just that, it is not the most efficient way of making money.

Reason #1 Time

Having a job means you are trading your time and skills in return for money. Your employer will pay you for both the assets you contributed. And so, having a job means you will be having less time for yourself and to be with your loved ones. A minimum of eight-hours a day job already means that more than half your day is gone. With this, I haven’t even considered the time it takes you to go to work and back, it will be more depending on where you stay and how near you are to your workplace. You might also have to pay for your own parking, toll roads, traffic jams and most importantly, your precious fuel. Although all these factors might vary between individual, some would take public transport, some might have free parking, and etc. and if I were to sum them all, it would be quite staggering. Don’t forget we human need to sleep 8 hours a day as well.

Reason #2 Income Taxes

In this country on average where the income tax is so high, having a job will mostly result in almost half the amount of your salary paying for the government. That is, in other words, you are working for almost half a year for the government for free. You see, this amount is gone long before you are even able to touch it and that's ridiculous.

Reason #3 No Control

By having a job, do you think you have control over what you owned (the job)? You have totally zero control over it. Can you guarantee that you will not get fired in the next 1 year, 2 years, or 5 years perhaps? Absolutely not, you can’t control when you want to work or not, you can’t control how much you want to earn and you can’t control whether you can get a promotion or not. So, other than the linear paycheck, there is really nothing to shout about by having a job.

Therefore I strongly stress that a job is truly a waste of time, energy and all the efforts of chasing for increments and promotions. It is really not worth it and for the good sake of yourself; you really don’t need a job. There is no freedom. Life is already so short and you are still wasting all the precious time for such little return.

There are full of opportunities out there. Opportunities are abound everywhere. There is always a better deal than having a job.

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Welcome To Make Your Own Money

2008-12-07T18:55:00.001-08:00

Welcome to "Make Your Own Money" site. Your resources and guides on how to make your very own money without you having a job.