After making an extra grand per month for awhile, you may find that you have paid off all your debts and have established accounts for larger ticket items like an emergency fund, retirement or college savings, or automobile replacement. But you may find that you still have some money left over in the budget and want to begin investing. The question is: where to start?
Three Questions to Ask Yourself
First, start off by asking about your risk tolerance. Do you have plenty of other funds and can afford to lose some? Would the thought of losing money keep you awake at night? These types of questions can point you toward certain investments. Less risky investments such as CD’s or balanced mutual funds might be appropriate as you near retirement. On the other hand you might want to speculate in commodities or forex.
Risk can sometimes be a manifestation of
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Leaving full time or permanent employment can be a daunting prospect, especially if you’re reinventing yourself as a contractor. There are many elements of contracting that are attractive, especially in a double dip recession where thousands of job cuts are being made. The key is to be flexible, and to have lots of work lined up in the coming months to keep you employed.
Work might be short at the beginning, however one you establish yourself in the contracting industry in your specific field, you’ll have a lot more access to freelance opportunities. Let’s take a look at some of the frequently asked questions by first time contractors.
Can I Take Holiday During A Contract?
If you’re in a contract and you want to take a holiday, then this is perfectly acceptable. Many clients that take on contractors will manage outsourcers’ holiday time just like normal employees, however you must
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This site is about making extra money and providing you with ideas for doing just that. Some of the ideas require little or no capital at all such as cleaning houses or working as a virtual assistant. Others require lots of capital such as investing in stocks that pay dividends.
But what if you have a business idea that requires some start-up money, but you don’t have the funds? My daughter started an Etsy store and needed to rely on the bank of Dad for the initial $200 to get some jewelry making supplies.
I have the opportunity to purchase a business myself that could end up generating well over $1000 in extra income each month for just a few hours per week of managerial work which clearly fits into the premise of this site, but I am going to have to borrow much of the money in order to
Continue reading Getting a Loan to Start a Money Making Business