More Than Finances

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Can I Live Off The Interest On A Million Dollars

Can I Live Off The Interest On A Million DollarsPayday is a week away, but you have expenses today. Yet again you’re going to have to make a payment or two late, but you start thinking what you would do with a million dollars. If you won the lottery or whatever and got that money what would you do?

Ways To Invest A Million Dollars

Some say they would buy cars, houses, or go on a huge vacation. But if you wanted to continue to live off that million you’re going to need to invest it.

Savings Account

Considered the “safest” of ways to invest. You simply put money in and gain a little interest every month. Most savings accounts, however, have a small interest rate usually less than 2 percent.

Meaning that on a million dollars you’ll only get around $20,000 a year. Not really enough to live off of, but it would make it so you could work less at your full-time job, maybe even work part time.

Stock Market

This is where the big boys (and girls) play. Instead of just putting money in a savings account, the stock market provides a lot more growth.

The average return for the stock market is about 7% meaning your money will grow by $70,000 a year. If you invest in dividend stocks you’ll receive around 4% or $40,000 without ever selling your stocks. In essence, you’ll be paid $40,000 and your money will be worth $70,000 more so your annual “pay” would be $110,000.

Real Estate

There are many types of real estate investing, but for simplicity, we will focus on just two.

First, we have house flipping. Essentially you buy a house that’s in a good neighbourhood but is run down and as such is selling for cheap. You then either fix it up yourself or hire someone to do it. After the property is up to par with the neighbourhood you now sell it for more than you paid for everything and pocket the profits.

For some, this is their full-time job (just watch HGTV) and you can make a lot of money doing it. But it can also be very stressful.

The second way to make money through real estate is to buy a property and rent it out. This seems straight forward, but buying something and making sure that there is always someone living there to pay the rent can be stressful.

What’s Best For You?

No one but you can know what will work best for you. The no stress way to invest is the savings account, but you’ll also not make much. Dividend investing is great but brings its own stress, and you’ll have to watch your investment go up and down with the market. Real estate involves a lot of money up front before you see anything in return.

Can I Live Off The Interest On A Million Dollars

Yes, you can live off the interest on a million dollars. You may have to cut back on some things if your income is about the national average, but it can be done.

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Can You Really Make Money Selling Amazon FBA?

Can You Really Make Money Selling Amazon FBA-Making extra money, or replacing your income is something many people want to do. A quick google search will give you thousands and thousands of possibilities. The next question though is do these different things ACTUALLY make money?

When it comes to Amazon FBA (fulfilled by Amazon) the answer is yes and no.

How Does Amazon FBA Work

A large portion of what sells on Amazon is not actually sold by Amazon. A lot of it is sold by regular people like you and me. One of the best ways to do that is with a service called FBA, where Amazon actually does most of the work for you.

Now, they obviously don’t do this out of the goodness of their heart, so the fees are higher if you sell this way. However, the stress is far less as you don’t have to ship each individual item, and your house doesn’t become a warehouse full of stuff.

Why Wouldn’t I Make Money?

The concept of selling on Amazon is that you find products selling for less somewhere, and then you sell them on Amazon for a profit. In a perfect world it would be that simple, but there is a lot to consider.

For instance, if you buy and item for $10 and it’s selling for $12 you don’t make $2, in fact you’ll lose money in this situation.

First, you’ll have to pay to ship the item to Amazon. If you send a large shipment the cost on this one item will be small but still a cost. Then you have the fees that Amazon takes to be the middle man. Depending on the size and weight of the item you will see a few of $6 to $10 on a $12 item. So if you paid $10, sell for $12, and Amazon takes $6 you get back $6 or $4 less than you paid.

Another problem that will happen is that prices drop after you decide to buy something. When you first pick something to sell the price may be good, maybe even really good. Something you spend $20 is selling for $90 and even after fees you’ll make $50 profit. However, by the time the item arrives and sells the price has dropped from $90 to $20 meaning you’re now selling at cost and will lose money after fees.

These things don’t always happen but can be a reason you don’t make money, or even lose money with an Amazon FBA business.

How Quickly Will I Make Money

If you run the business correctly however and work at it for a few months you will start to see a profit every month. It will be up to you on how long you want to reinvest the profit before you start taking some pay from this business, I would recommend not doing so for at least 6 months though.

However, if you just want to try it out first and see how it works, don’t expect to see profit for a month. First, you have to purchase the inventory, then ship to Amazon, then wait for it to sell, and after all that you have to wait for the sale to finalize.

From the day you buy the inventory to the day you see your money come back will take a month, be prepared for that when starting an Amazon FBA business.

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India Westbrooks Net Worth

India Westbrooks Net WorthWouldn’t it be nice to have a camera crew follow you around everywhere? You can post all the amazing and fun things you do, and then make millions because of all the fans.

Honestly, no one’s life is that interesting, but there are so many reality stars who are making that kind of money doing just that. India Westbrook , or India Love, is such a girl.

Who Is India Westbrooks?

India Westbrook is a 21 year old reality and social media star. She posts pictures of herself online for her more than 2 million followers.

She is also the most famous of the sisters from the show The Westbrooks. All of the girls have some sort of business but, India is by far the most successful.

What Is India Westbrooks Net Worth?

India Westbrooks net worth is a nice $1.3 million dollars.

Most would say that she got there by being young and attractive and posting pictures of herself in bikinis and such. They wouldn’t be far off, although she has to work at many things.

First, her health is important. Though age is on her side and that helps to have a slim body, she still has to spend hours working out. No matter who you are you don’t maintain a slim figure without eating right and exercising, that just doesn’t make good television.

Second, she had to get good at taking pictures. Yes selfies are not as easy as you think. She has to be able to take a picture that will not only make people want to look, but then want them to buy something, as she gets money from advertising in the pictures she takes. The clothes she wears, the shoes, accessories, anything can be a sponsor of hers paying her for advertising.

What We Learn

Hard work is hard work. Have you ever tried to stay in perfect shape 100 percent of the time? It takes hard work, and dedication. The original Hulk (Lou Ferrigno) once said that to stay in shape for that show he had to work all day shooting and then go to the gym every night for hours. It was hard work to be at 100 percent 100 percent of the time.

Maybe we don’t need the perfect body to succeed, but do you need to better yourself in someway? Can you spend more time reading about your field? More conferences, more online training, more reading of books, etc. Make sure that whatever it is you’re working on you are at 100 percent.

You’re never too young to make money. India started from a young age to try to grow a following, and she wasn’t successful right away. Eventually she started getting followers, then more, all because she didn’t give up. She didn’t think she was too young to become rich and famous.

Some are in their early 20’s and think they don’t have anything to offer. Even late 20’s people feel they can’t possibly make it till they are in their 30’s at least. The truth is at any age you can succeed, you just have to put the work in whether your 16 or 106.

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5 Surprising Facts You May Not Know About Investing

puzzle-2500328_640If you have already started your investment portfolio you have probably learned a thing or two about investing. One thing you probably know is that you don’t have to be an expert to invest successfully. Another might be that the younger you start the better. But despite these facts there may be other surprising facts you may not know about investing.

Read More

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Your Broadband Plan as a Business Strategy

The world of business is highly competitive. Everyone is trying to get on top of the game. Strategy, ideas, and advanced technology place brand at an edge. There is no way your business can lead if it lags behind in these. The world of technology offers immense opportunities for businesses to expand through e-commerce. This article looks at the technological aspect of success in business. It pays close attention to the broadband as a critical tool for internet business functions. You get ideas of what to consider for your broadband as a business.

Importance of Broadband, Internet, and Business

First, let us look at why e-commerce is important today. Global brands, medium enterprises, and small businesses continue to cash in on the benefits of online business. The internet is cheaper and has a wide range of services. Broadband-based businesses have better communication, support services, faster services and great operations. Other benefits include, enhanced:

  • Transactions
  • Advertising
  • Customer care interaction platform ( chats, social media)
  • Video conferencing
  • Market research
  • 24/7 access
  • Global web platform
  • Technology applications for business management ( e.g. finance and management)

Broadband becomes critical because it provides a platform for a business to engage in reliable online business. However, you do not just install any kind of brand band. Smart businesses understand that this is a process for transmitting data through a bandwidth; hence, multiple signals such as cables, radio transmissions, and optical fiber are in use. It is the installation of technological devices and applications for a business boost.

Am sure you have come across poor internet access that frustrated your efforts to download and access websites. In business, this is not only discouraging but it gives a poor impression of the business’s capacity. Imagine customers not being able to access products or special offers on your web page. You could lose important leads to your business. Serious buyers will not waste time on a problematic link. So, how do you overcome this problem?

What to Consider for Your Broadband as a Business

The internet is a technology function, which requires effective tools and equipment. For you to access this service without disappointment, you need a broadband with the following:

  • Quality telecommunication equipment ( telecommunication, computer networks, TV, technology devices)
  • Professional services with support
  • Fulltime reliable access on a 24/7 basis
  • Speed
  • Affordable packages
  • Easy setup
  • Variety options

This is digital communication across different channels such as audio, visual and multimedia platform. Internet broadband allows you unlimited access to a worldwide system. As a business, you need this service for emails, mobile communication with customers, and suppliers. As organizations move on to the paperless operations, the internet provides numerous platform for processing important documents for business.

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Broadband Service Provider

Technology and communication services vary and reputable brands have the user’s respect. There are different packages for all kinds of customers including individual and group users. When making your choice, consider technology services that suit your business for a number of reasons. Whatever your choice of broadband, look at the:

  • Budget limits
  • Business needs (size of the organization, departments in need, functions)
  • Contract limits (monthly, rentals etc.)
  • Service provider
  • Extra services compared to other service providers

Multiple users share information and require special packages with high-speed cloud sharing. This costs more than the individual users in small businesses. A comparative study of the best service providers in your area helps you to make a wiser decision.

Best Broadband and Call Plan

The broadband services often come with a telecommunication service. If you want the best deal, choose one on Broadband Choices deals on unlimited talk talk time so that you can save on airtime. This is a great way to overcome the frustration of getting disconnections in the middle of an important phone call because of low talk time. If you are new, you could start with a limited plan before you can use an unlimited plan. Your broadband option will incorporate internet and telephone functions because you need these services for successful operations.

An affordable service provider is efficient, has a wide range of broadband services and extra applications. Great support services are also crucial because it saves you time spent trying to fix faults. Business is about making the best out of every situation.