Do Get Rich Quick Schemes Work?

GetRichClick-200x300With the internet era, and people needing more money, is it any wonder that there are advertisements everywhere stating you can get rich quick? The promises are big, the promised money is bigger, and the cost to get started can be very little. Whether you have ever attempted to try these schemes or not, they are tempting and virtually everyone who has a computer has looked at it wondering if they were a legitimate option or not. Everyone wants to know, do get rich schemes work or not. Before you dive in, perhaps you should look at the truth.

The Bad

Remember that saying, “If you want money, you have to work for it”? The person who said it was not as dumb as you may have hoped. Earning money, whether a little bit or a million dollars, is going to take some degree of effort on your part. That is where get rich quick schemes fail. There are honestly not very many legitimate get rich quick schemes that can actually work.

As a good rule of thumb, when you see a “job” opportunity that promises you will start to earn money by simply clicking a button, there is going to be a catch that you may not enjoy. No one can make a million dollars by clicking email. It does not matter whether it is a claim that your rich great uncle twice removed has passed and you are the sole heir or if they tell you that by clicking this email link you can open your own store to make thousands in a month. Most of these things want either a healthy down payment on your new store, bank account information, or will leave you with a healthy dose of computer viruses.

The Good

The best way to make money is by doing something you are familiar with and good at. If you have a job currently where you get up every day and go to work, you may want to see if they have a job opportunity that allows you to work at home sometimes as well. If this is not what you are after or you do not have a job currently going, you can make money through other means by using your computer, as long as you have something to base it on.ebay

If you enjoy yard sales or have a lot of things lying around your house that you do not need, you can sell items on craigslist or eBay. If you enjoy writing about your thoughts, things you try, such as crafts, or writing about the insanity of raising a house full of kids, then you can take up blogging. There is money to be made in it, if you are interesting or have something to say that others want to hear. However, to start making money with a blog, you will need to gain fans and then have people who want to advertise on your blog.

Other Alternatives

There are plenty of ways that you can legitimately work from home. There are jobs that need a typist who sits at a computer either writing emails, filling in forms, or writing articles if you have the desire to do so. You can even find websites that allow you to design tee-shirts and other items to express your creativity and perhaps get paid. In most cases, for these avenues you are a freelancer. You may work for one person or company, or you may work for a variety of people if they need your services today. If this is not something you are interested in doing, there are survey sites that do pay, pay-per-click emails where you visit a website and earn a little money from it. All of these things can help you to put a little cash flow into your pocket, but with most of them, it will take you quite a while to make enough extra cash to survive on.

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How to Have Fun on a Budget

BudgetTravel-196x300Life is complicated and stressful. On the one hand, you may want to make more money than you have, which could easily mean working more often, or you want to kick back and simply enjoy the money that you have already earned. Either option may leave you feeling more stressed out. After all, how can you enjoy fun times with your family when you can barely pay for your rent? There is a way. Why not try these ideas and see if you can learn how to have fun on a budget? It may be the best thing you have ever done for yourself and your family.

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Precious Metal Outlook

All over the internet, there is reference to 2015 being the year for gold. All the “sell your gold here” places are promising to pay big money for old, unwanted, broken gold jewelry. It is a trend that is going to continue this year as it has in the last several years. However, what happens after that is a mystery to some. Will gold increase more in value in the near future? Is it worth holding onto for another year or two? Should you sell it now while the market is ripe and ready for it? There is potential with either option.

Why Gold Is So Good to Have

GoldRush-212x300Gold has always been popular. It has a history attached to it that began back when the gold rush was upon us and everyone was digging for it. It gained value then because it was a rare item, even though there was gold mines that were impressive and productive. Gold has fluctuated in value throughout the time since those days, but it has never completely diminished in value and most people are not sure why. However, the answer may be simpler than you think.

When you look at the U.S. dollar, it is the most common type of currency nowadays. Its value goes up and down according to how much money is floating around in the economy. If people make more money, the value of a dollar decreases because the cost of living goes up. Gold does not have this same issue. Its value is always there, regardless of what inflation hands us. Even after World War II, gold stayed valuable. That is why many people choose to hang on to their gold. It is a safe way to preserve wealth.

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Bouncing Back from Debt

DebtFreeLife-225x300At some point in most people’s lives they will fall behind on bills for a month or two and then pick themselves back up. Other people are not so lucky. They scrape by as best as they can, but still fall further behind. Their debts may seem like a revolving door where they think they are finally making forward progress, only to find out that they are further behind or back where they started from. It is something that is hard to get out of, once you sink below a certain point in that bottomless pit. However, with a little planning and a lot of effort, you can eventually rise above the debt. Are you ready to discover what it takes and how to go about bouncing back from debt?

Start Small

Regardless of what set you back, be it an illness that you could not easily work through, a divorce that cost more than you had, or simply losing your job and being unable to find a new one quickly, you can begin recovering from it. The difficult part is deciding which steps to take and how to take them.

There is some truth to the idea that in seven years your credit will reset. However, this is based on seven years from when you go delinquent. If you fall behind over a period of a few years, you need to take into consideration the last bill date that you went behind on.Negotiate-200x300

If you have a desire to rebuild your credit you should ask yourself how much time you have. If you are 5+ years delinquent, do you have the money or time to rebuild? Perhaps you should continue to wait and let the seven year window expire and then start over from scratch. If you are nowhere near the five year mark and you want to get ahead again, you should start recovering yourself now, but first, you will need to decide which route you want to go with it. You really only have three options. You can pay it off, settle it, or file bankruptcy on it.

What Next?

After you have satisfied your debt collectors most people are able to start rebuilding their life in about 2 years, but it depends on the option that you have chosen. If you file bankruptcy, it can usually satisfy the debt collection agencies in about three to five years. This means in roughly five to seven years, you will be able to clear your name and rebuild. If you choose to file a chapter 7 bankruptcy, you can rebuild in as little as two and a half years. The same can be said of a simultaneous debt settlement.

There are several types of bankruptcy to choose from, but in general the best way to clear your good name is going to be to simply pay off the money that you owe. That will be the only way to have your credit say that it is paid in full. The downside is, if you are broke, the inability to pay it off is why you are in this situation. To go with the simultaneous debt settlements, you will need about half of the payoff amount.

If you do choose to pay off and continue paying as much per month as possible, cut up the cards you have. After that, include friends and family and have them help you not spend as much on needless items. As a final thing, teach yourself to budget better so you can save up to put more toward your bills.

Now to Rebuild

Regardless of which method you choose to go with, the first step toward rebuilding your finances is going to be budgeting and saving what you can. This will ensure that in the future, you will be able to have some padding against unexpected expenses.

You will need to start paying your bills, all of them on time after suffering a setback. It is the fastest way to get your name back high up on the credit scale. You will also want to keep a close watch on your credit score to see if you are making headway.

When bouncing back from debt, one of the main things to keep in mind, is to not let yourself end up in a bad situation again if at all possible. If you had five cards maxed out from stuff you didn’t really need and couldn’t afford, why rebuild by having five more? This is where knowing your own weaknesses can come in handy. If you get a card, use it for emergencies. Save the “wanted items” for when you have a little extra money in the bank and are able to buy them outright.

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Is There an Easier Way to Track Your Budget?

easyread-300x226Think back to the days before debit cards and computers. It was probably a lot easier to keep a close eye on your finances. They were the days when every time you wrote a check and took money out of your account, there was a record of the transaction. Either you would write it out or you would have check duplicates. Now, it is not so easy to keep track of what your bank account is doing. It is too easy to go to town and swipe your card. Some people keep the receipts, but not all and let’s face it, no one will remember what they spent at each place they visit. Add in the internet’s online purchasing options and it does not take long until you are over budget and perhaps overdrawn.

It Is So Easy to Spend Big

Now days, swiping a card is best for most people. Checks are slow and outdated. Some banks do not even deal with putting checks on an account. On computers, you simply type in a card number one time and then visit that website all you want to for future purchases. There is also the option to auto pay out for things, you can purchase with a smart phone, and it is all easy access to cash flow whether you have enough to afford it or not.

If you have two people swiping a card on the same bank account, the situation becomes even more delicate. The wife or the husband may forget to mention that they ordered something that cost them $100 and you may order something equally expensive. It is just a button click or a swipe away and wah-la, you have spent $200. What happens if you did not have that much? Both of you may have considered what was available, but no one would know that the other had spent that much already. Now, you are in the hole and sweating.

Would it have happened this way, if you had a better way to keep track of everything? Perhaps, but it would be less likely if you were equipped with an easier way of keeping track.

Is There an Easier Way to Track Your Budget?

There are a lot of new apps on the market that can help you keep a closer watch on your finances. If you are looking for a truly simple one and you have an income that is consistent from one month to the next, you may consider Level Money. It is available as an iPhone app or Androids. It does all the work for you and automatically subtracts the bills you have to pay each month. It allots an amount for savings as well. From there, it will tell you how much you have left and how much you can spend per week. The great thing is, you put in all credit, debit, and bank accounts you have. When you or your partner spend, it will adjust without you ever having to think about it again. If you venture to the store for a new dress and overspend, it will adjust the rest of your month’s spending limit to accommodate.YNAB

Envelopes is another app that works the same way. However, you do have to decide how much you spend per week or month on food, bills, and other important items. Each time you spend money for groceries, the amount is subtracted so that you know what you can spend on it the next time. All categories are separate envelopes. If you overspend in one area, you must pull out of the other envelopes to make it or do without. Perhaps pull it out of the “fun” envelope.

What Is Your Limit?

If these do not sound like apps you want to use, look around. There are plenty more options available because everyone knows that Budgeting is not an easy task. It is very hard to keep track of everything. Having tools that can show you where you spend and where you save could be the best thing that you have at your fingertips since the invention of a debit card. Use it wisely and take advantage of an easier way to track your budget.

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