bestseller

6/15/11

Update

It has been awhile since I have done anything with my blog. It is hard to find motivation sometimes but I am trying to get back in to doing this more often and getting back to reading more and writing more, providing good content here.

Summer is starting and college is almost done, I am planning to read some cool books to improve my mind. Do you have book list for summer? I sure do, here is mine.


How about movies?I saw a few movies in theaters and some I going to catch up on DVDs.

Secretariat
 
Okay, that is about it. I have not made any money online other than my work. I need to change that soon. 

1/26/11

How to Manage Money And Earn More

Managing money is associated with saving, budgeting,
keeping, and the like. However, the truth about
managing money is that it is just a concept that
encompasses a larger scheme of handling money. The way
to manage money and earn more is more than just a
single way concept. Not only does managing money mean
being able to keep money per se, but also to be able
to mobilize the money that we have to the direction in
which we intend them to go. This includes investment,
business ventures, and leisure activities.

More Saved, More Resources

Though it is quite confusing to understand how one may
be able to earn more when he is saving more and not
the other way around, the concept of the former
dictates the effect.

Being able to save more will give you more freedom to
allocate the money in what business and endeavor one
seeks to have. In conjunction with the previous
statements, managing money does not only mean saving,
but being able to have the resources to move about. In
this case, having more money in the bank or floatingly
available enables you to use them for businesses or
leisure.

The Power Of Capital

Should you choose to invest your earnings and savings
on a business venture, one thing that limits one’s
capability to start off with the desired business is
the capital needed. Though most businesses require a
substantial amount of money, these are the big
establishments which require a corporation of several
investors with investments in the millions.

As a private businessman or entrepreneur, one may
start with a personal business of a small nature such
as handcrafted items or services, and work your way up
from there. Once you start rolling in the Benjamins,
you are on your way to choose your path to either
retain your business or go higher up the economic
chain.

Capital and the way to manage money and earn more in
the process is a tricky and risky thing to do though.
Be prepared to accept a losing business as well.

Wholesale Concept

Another concept which enables you to earn more is to
keep a wholesale concept in mind at all times. This is
simple defined as being able to see that the more you
acquire in a single deal, the more you save, and the
more you save, the more you are able to use that
savings for other businesses or other requirements,
therefore cutting down on the total projected
expenses.

It may not be always be the case for many, especially
if one has a very limited capital to invest.
Nevertheless, what is more important is that one is
able to work efficiently in one’s own means of
production and not depend on floating bonds and loans
as these are the usual causes of a business to stay
stagnant and not earn due to the interests.

It is quite daunting to manage money and earn more,
with the consistent juggling of resources and risks to
achieve at something without foolproof success.
However, a properly set management and a little bit of
luck will definitely rake in big rewards to the whole
process. Starting small and working up rather than
starting with big things right away is crucial to the
learning process and the tricks and trade as well in
business handling. This is what will matter especially
when the competition becomes tighter in the higher
business environment.

1/21/11

Online Business: Do You Really Have To Pay?

Taxes - And Your Online Business

(Do You Really Have To Pay?)

If you are a neophyte in realm of online business,
then perhaps you have a lot of questions that are
plaguing your mind and one of them may be all about
whether you are obliged to pay taxes for your online
business or not.

Calculating and paying your duly taxes alone is
already one confusing ride, and surely it will get
more confusing if it will be mixed with an online
business.

However, as they say, there’s no problem that cannot
be solved. With just a few tips and guides, you can
find out how to pay taxes for your online business
without any hassles or problems along the way.

The Charm Of Online Business

Before we talk about taxes and your online business,
let’s discuss first why more and more people are
getting attracted to starting their own online
business.

Well, first of all, it is very hassle-free compared to
having a business in the non-virtual world. You see,
in online business, you only have to type and click
for your business to boom.

Very minimal manual labor is needed in an online
business and one can even get to work at home in their
pajamas while managing their online business.

Now the question is: are online businessmen or
entrepreneurs exempted from paying taxes? The answer
is no. All individuals who are earning money online
are required to pay taxes.

Sure, the government can’t possibly keep track of how
much money each person generates online but then
again, it’s one of the citizens’ responsibilities to
go ahead and be responsible enough to pay for their
taxes.

The Real Deal About Most Online Businesses

The truth is, not everybody who does business online
is honestly paying their due taxes. Most online
businesses include shopping and it’s a known fact that
most if not all shoppers despise paying sales tax and
adore a bargain that is luxuriously tax-free.

The Internet is actually considered to be a great
venue for tax-free shopping which lures more and more
customers each day. Online retailers have been using a
no-tax shopping tag line to attract more online
shoppers to their business.

Sounds like a win-win situation, right? Online
shoppers enjoy numerous tax-free shopping sprees and
online retailers don’t pay their taxes. Most people
probably think that doing business through the
Internet is considered to be tax-free.

However, the fact is, some Internet sales are actually
subject to what we know as “sales tax” and online
consumers are the ones often responsible to remit any
unpaid sales tax on whatever online products they have
purchased.

They can actually remit it directly to their state
come tax-paying time.

Collecting Sales Tax The process of determining
whether you should pay taxes for your online business
or not may be quite confusing and overwhelming -
especially if it’s your first time to get involved in
online business.

However, here are just some few tips you should
remember: the obligation to pay the so-called “Sales
Tax” can be determined by the location of the
customers, and not the seller.

If a business does not actually have a physical
presence in a particular state (an example of this
would be your online store or business), it is not
required to collect sales tax from costumers in that
certain state.

1/18/11

Taxes and Online Business: What You need to know.

They’ll Catch Up On You

Doing business online is starting to be a much
preferred way of transacting business both by the
sellers and the buyers not only because it is way more
hassle-free than real shopping but also because it
provides a chance for a tax-free business transaction
to transpire.

However, the happy days of transacting business
without worrying about the taxes that come along with
it will soon be over because on July 1, 2008,
Washington will be joining 18 other states in America
that oblige certain online or e-commerce businesses to
pay and collect sale taxes.

If you have an online business or if you are planning
to start one, then you will also be required to
collect taxes from your consumers or costumers if ever
you are residing in a state that requires you to pay
taxes.

A State Law Passed In 2007

The changes to be implemented on July 1 are the result
of a state law passed in 2007. The certain state law
changes the way the taxes are calculated - a major
alteration that spurs some headaches and confusion
among all online retailers.

Take this situation for example: if you decide to shop
and purchase in a shop or store, you are obliged to
pay the tax rate depending on where the store is
located. However, if you decide to have the stuffs
that you purchased delivered to your doorstep, you are
obliged to pay for the tax rate of your state.

In technical terms, the tax system will be changed
from origin-based to destination-based.

The Tax Is Not Levied On The Business

Yes, you read that right - the tax is not levied on
the business, instead, it is levied on the part of the
consumer. It is the obligation of online businesses to
collect tax from its consumers and remit it to the
state.

The government is strictly issuing penalties for
businesses that fail to adhere to the law.

Online businesses are not excused from this law, in
fact, more law enforcers and agents are being sent to
check on the legality of online stores and businesses.

One common Internet myth is that the Internet Tax
Freedom Act allows online businesses from being
exempted from collecting sales tax from their
consumers. It is truly considered as one big myth
because in reality, it does not actually stop the
states from collecting sales tax on online businesses
and other e-commerce.

Sure, the Internet Tax Freedom Act does not impose
sales tax on Internet access fees but aside from that,
taxes are already imposed.

When You Make Money Online, You Have To Pay Taxes When
you earn, you really have to pay taxes; it’s a known
fact and perhaps what we can call a bittersweet
reality. Sure, it may be a bit difficult on our part
to surrender a part of our hard-earned money for tax
dues but the truth is, everyone is doing so.

1/14/11

Manage Money Without Depriving: Best way to Manage Money

It is a fact that there would always be a system
wherein we will not be getting everything we want
because of financial limitations. In short, we cannot
have everything at the instant we would want it. There
would have to be planning or if not, some careful
deliberation about whether we would be getting the
item we want or not. This is because sooner or later,
finances would always fall short of the expenses. That
is why we manage our money and budget for the things
that we would want to acquire. Nevertheless, when we
manage money without depriving, we would want to be
able to enjoy a certain degree of satisfaction and
fulfillment without compromising our savings.

Deprivation would mean curtailing our freedom to the
point of not being able to enjoy some of our hard
earned resources. Though it is an irony in itself that
we are already limited with finances and yet would not
want to be deprived, a balance of enjoyment and
requirement is what dictates the existence of
deprivation if ever.

Earn More

One of the most common means of people to raise the
level of financial freedom is to earn more by working
more. However, this is limited with the many social
factors which include degree of educational
attainment, time, job availability, and more often
than not, personal accomplishments.

Some may get lucky to be in the lighter side of
personal assessment by the human resource personnel
and be accepted for a job despite the incomplete
compliance of requirements. There are also some who,
despite their educational attainment and personal
socio-civic accomplishments, are still not able to
land a job they desire due to a personal prerogative
of the recruiter to not accept the applicant.

What this presents is a semi-random chance of a person
to fully comply with all the factors which constitutes
landing of another job than the current one. Save More

A classic means of how to manage money without
depriving is to focus on saving the excess money that
flows in the household after deducting all the other
monthly expenses and bills. Saving money definitely
means having money when the need for an important
expense is required.

Saving more would merit to having more extra cash, but
also poses a paradox in itself in a way that when you
save money, you are already keeping that for something
projected as an event that could happen. In this
manner, there would be a difficulty in using that fund
intended for an important thing to be spent on
something that would just be for leisure and
satisfaction.

Learn To Be Content

The degree of limitation and deprivation on a person’s
financial resources is dictated by the personal level
of satisfaction. A person’s idea of contentment is the
same as his perception on what he needs and wants. A
person who is “want” oriented will always be seeking
for things that may already be unattainable at the
current financial level, and would feel deprived of
such. On the other hand, a person who is “need”
oriented would be able to do away with leisure and may
also feel deprived deep inside of finer things that
may have been acquired.

The key to manage money without depriving is to learn
to already accept what is possible to be attained and
work from there. If there is a rather unattainable
thing to spend money on, then that is the time the
person should plan and think about the means to reach
that and make that attainable.

1/3/11

What are Effective Ways To Manage Money

There are many ways and tips on effective ways to
manage money in general. Technically, all these tips
talk about one thing: being able to have money when
needed, where needed. A lack and wanting desire to
acquire money when the call arises does not
necessarily mean not being able to manage money
effectively, but may just be an overshoot of
unexpected events. Nevertheless, the person should be
able to acquire and find ways to come up with the
needed amount if ever there is a strapped budget from
the unexpected event that needs to be complied.

Look At The Future Goals

One of the most important and progressive value of a
person to have effective ways to manage money is to
have a sense of foresight. This foresight pertains to
the ability of a person to know what things is most
probable going to happen to him in the future and be
able to prepare beforehand with substantial amount of
time. With this is a responsibility of being able to
properly organize the timeline and the budget
allocation of funding and financial allocation. Also
in this regard, the consideration of all other fees,
bills, and payment allocations would have to be
properly identified and included in the plan.

An option of having to put an allowance or extended
goal would be beneficial to the planner to allow
himself to adjust and be able to cope up with
unexpected events with a bit more ease. In this
manner, the one who manages the money is able to have
an extra for a rainy season ahead.

Invest, Invest, Invest!

Another method to effectively manage money is to
invest in progressive and productive endeavors which
could be other sources of income. Instead of just
allowing the savings to rest in a bank and earn a
small amount of interest per year, it would be wise to
allocate some of the money and other resources into a
business. Of course it may prove unproductive and
detrimental, but the allowance of such resources to
different paths of productivity would widen the scope
in which a person could determine and discover the
best way to manage and have more money to alleviate
the status in society.

Investing does not only mean having to go into a
business venture but also in being able to become a
stockholder, no matter how small into an existing
business. Being a stockholder and becoming a part
owner of a running business puts the self into a
profit oriented state by having a percentage of the
earnings that the said business generates.
Nevertheless, the risk of losing the capital used for
this investment is as great as having a self owned
one.

The 3:3:4 Paradigm

This paradigm takes into account that all the other
utilities and monthly bills have already been paid and
the amount left is the extra money that is left
floating. Most probably many would not be lucky enough
to have this, or if possible just with a tiny amount.
Still, no matter how small the amount is, it is a good
start. The 3:3:4 paradigm means that 30% of the
floating money is to be saved in the bank, 30% is then
used to allocate for the investments of choice, and
the remaining 40% is allocated to the leisure and
luxury of the household. The last aspect is important
to provide a sense of reward for the earner to clear
the mind of burden and discouragement.

These aspects when combined together are more often
than not effective ways to manage money and not be
burdened of having to earn money to pay off a previous
debt. This would be helpful to the earner to look
forward in a progressive pace of living rather than
retroactive maintenance.