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Financial Freedom

A Guide to Making Money with no Real Effort Involved

We all want a bit more money in our lives, but most of us feel like we don’t have the spare time available to make it. Luckily, I have some money making ideas that involve no effort to share with you.

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Be a Mystery Shopper

For market research purposes, businesses pay a lot of people to visit shops and buy products. This allows businesses to find out what their competitors are up to, what their customer service skills are like and where their weaknesses lie. This process is called mystery shopping, and you can become a mystery shopper.

This is great because you’re being paid to buy products and any money you spend will also be covered by the company that hired you. All you have to do is sign up online, and a business will be in contact with you to discuss the possibility of you becoming a mystery shopper for them.

Advertise

You’ve probably seen cars driving down the street with a big advertisement down the side. You might have thought that they look pretty stupid. But, as stupid as it might appear to you, that person will be getting paid a lot of money from a company to have that advert on the side of their car.

So, they’re getting money for doing absolutely nothing. This is something you should be doing too. Who cares how your car looks from the outside if it’s bringing you in a heap of extra cash each month! You’ll be surprised at the amount of money businesses will pay for this kind of advertising.

Invest Wisely

If you invest in the places, you can usually just sit back and watch the money roll in. You do have to know where to invest and make changes here and there though. But, considering the amount of money you could potentially bring in, the effort involved is actually relatively small by comparison.

If you want to make money, you should invest in businesses that are on the rise. Yelp stocks or stocks in digital businesses are very popular at the moment as they’re seen as being on the up. Wherever you invest, you should find out as much about the business as you can beforehand.

Start a Blog

If you have a hobby or something you love, you should start to write about it in your spare time. You might even be able to make some money out of it. And if you love the subject about which you’re writing, it won’t feel like you’re even putting in any effort either. Blogging should be a pleasure and something you enjoy.

Once the blog is up and running, you can start to build up a consistent readership and prove to potential advertisers that you have something to offer to them. The more people that read your blog, the more money you’ll be able to demand in the way of advertising money.

These ideas will all allow you to make some extra money without having to put in much effort at all. What’s not to like about that?

Financial Freedom

The Easiest Way To Do Taxes With Online Income

accounting

I went over this same product awhile ago when I talked about how I used it for my personal budget. At that point I was using it for the wrong purpose, this time I’m going to talk about how to use it for you online business.

Outright.com is the best, easiest, and most automated online accounting program I’ve ever used. It will automatically categorize your expenses based on where the purchase was made. It also gives you the chance to re-categorize either just that one expense or all of the expenses that match. And of course you can create your own categories.

It’s so easy to get everything organized.

When you first login to look over your expenditures it shows you a graph of the last 3 months expenditures and if you’re in the red or not. I love that, I can tell if I’m spending too much as soon as I get there.

On the left side it has 3 spots, 1 for your accounts, 1 for the money you need to collect, and 1 for the money you owe. It’s really a great overview of your business and it’s all on the first page.

Honestly, the best part about the whole program is that it automatically does the calculations for how much your quarterly taxes are, as well as yearly. Sweet! It even breaks down all of your expenses to make filing taxes a breeze.

It’s so simple and has a very clean interface. I highly recommend it for anyone with an online business that wants to make figuring out your taxes so much easier.

It used to be free but they just recently switched over to a monthly payment. Luckily I’m grandfathered in so I don’t have to start paying until next year (It’s good to be a grandfather :) ).

Anyways, it’s still well worth the $9.95 a month and I will pay that as soon as it’s my time.

They even offer a free 30 day trial so that you can see what it’s all about.

I couldn’t recommend it any more highly. It’s such a great product and I’d probably pay $25 a month for it, so it’s a steal.

Try Outright for Free

Ps I do get a couple of bucks for you signing up but I’d recommend it either way. This is just a plus :)

Have you used Outright before? What did you think of it?

What program do you use to keep track of your accounting?

 

Financial Freedom

Top online financial tools

Keeping a hand on all your accounts and tracking your money moves can be a daunting task. Personal finance tools can make the job easier. Here are some of the best personal finance tools for managing your finances.

Personal finance tools should be easy to use and feature-rich, helping you to manage multiple accounts, stick to your budget, and giving you a clear picture of your financial health.

MoneySmart

MoneySmart is a free online South African personal finance management platform that helps South Africans to manage their finances to achieve financial success by providing individuals with services, tools, education and products to increase their financial acumen. The platform encourages its users to ‘budget what you earn, save for the goals that you want, aspire to achieve, visualise your future, and invest in yourself’.

MoneySmart ‘reads’ a user’s transactions and categorises them automatically, providing an instant overview of current spending. The platform includes an online community and end-users have access to content from columnists dealing with trends, popular culture and financial empowerment.

Loan repayment calculators

Online loan repayment calculators are a great way to work out how much you can afford to pay off on your personal loans. This tool is particularly helpful when deciding the amount you can best afford to borrow. Cash loans provider Wonga.co.za discloses all their fees upfront on their slider calculator on the wonga website when you apply for a loan.

6cents

South African 6cents provides a quick and easy platform to manage personal finances. If you are looking for a user-friendly online financial tool, 6cents offers a number of features in one place.

22seven

Old Mutual’s 22seven allows you to see all your accounts and transactions in one place. You can link cheque and savings accounts, credit and store cards, investments, loans and rewards. Your transactions are automatically categorised to show you exactly how much you spend and on what. An automatically generated budget helps you spend less on what isn’t important and find more for what is.

MoneyDance

MoneyDance is available for OS X, Windows, and Linux. It is a robust personal finance tool that supports online banking (so you can download transactions from your bank and manage your investments in the application). It can connect to hundreds of financial institutions out of the box, and you can import transactions on your own if you choose. The account register works like a balanced chequebook, and shows you where your money is going. You can also set up payment schedules for recurring transactions so you know when big transactions are about to take place, and track your investments using the investment module.

A free mobile app for iOS devices is available and the Handybank app for Android, for $7, will also connect to MoneyDance. The app is available to try for free, but after entering 100 transactions, you’ll need to pay $50 for a full license. The app is able to handle multiple types of financial transactions with ease and syncs seamlessly with banks even though it works as a desktop app, reminding you to pay bills when they’re due every month.

BudgetSimple

This is a free budgeting and personal finance tool that focuses on creating a budget that works for you. The tool analyses your finances and spits out a budget planner that’s packed with suggestions for where you can save money, trim your spending and increase your savings. It aims to make the process as easy as possible, and promises that an hour with the tool will give you a better understanding of where your money is going. You can enter your expenses manually if you want, or connect it with your bank to auto-link accounts. BudgetSimple is a webapp and completely free, but if you want mobile apps or the option to fully link your bank accounts, you’ll need a $5 per month premium account.

BudgetSimple is praised for its simplicity and its focus on creating a no-nonsense, sustainable, and sensible budget that you can live by. It’s a straightforward tool, and it does a lot of things that many other software options charge for – and the graphs and statistics do a great job of explaining where your money is going.

BudgetPulse

BudgetPulse is free online personal finance software that’s easy to use without sacrificing meaningful budget tools and financial reports. This app is also great for anyone who doesn’t want to enter financial account numbers and passwords to download transactions automatically. You can download transactions yourself from your bank and import them or enter via your keyboard. Savings goals can be made public for fundraising or giving family and friends a chance to chip in toward reaching goals.

Google Chrome Money Management Apps and Extensions

The Chrome Web Store has free and paid money management apps and extensions, which make handling financial tasks from within Chrome very convenient (We suggest checking them out here.)

Financial Freedom

What Does It Mean To Be Financially Independent?

Most people, as they are growing up, only dream of being financially well off. They hope that one day, before they are too old, they’ll be able to travel the world and do all the amazing things they see on tv.

The truth is that it is possible. People like Michael Masterson are teaching people how to be financially independent like them. It doesn’t take crazy schemes or impossible tasks. Just common sense and starting early makes it so much easier.

I’m working my way to be what I consider to be financially independent. When I think of that, I think of not having to worry about how I’m going to pay the power bill each month. Or if I’m going to be able to make my car payment. Being financially independent takes a lot of stress off of your shoulders so you can focus on the important things in life like family and friends.

A lot of people, when they get older, regret waiting to do what they’ve always wanted to do. Remember that when you’re older, it’s not going to be as easy to move around. So that backpacking trip you’ve been waiting to take might pass you by.

Learn all you can about becoming financially independent. Make a budget, or just stop spending so much money so you can save up. Financially independent doesn’t have to mean millionaire. Just control your money and you’re halfway there.

There are several things you can do to become financially independent. Improve you credit and get into buying houses and renting them out. It’s not something you can start over night, but you can start learning today. If you can pay all of your bills on time and have money left over to save, consider investing that money.

Remember, you only get one life, so be sure you’re able to live it to its fullest or it will pass you by and you’ll live with regret.

Financial Freedom

The Making Of Australian Money

Money makes the world go around is an old say. Every country has their own quirks when it comes to their money. The US has Giant heads on their new bills.

One country I’d like to highlight today is Australian money. This infographic is awesome. Like did you know that their banknotes are made from plastic? Check out some more interesting facts about their money below.

how australian money is made infographic Infographic   How Australian Money Is Made
Courtesy of: LendMe Finance