February 10, 2012

How to teach your children the value of money and become millionaire

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Saving only U.S.$100 per month beginning at age 4 and ending at age 18 you could become millionaire if you invest that money and remains untouched until age 62 as the above chart show.

The picture has been taken from Yahoo Finance. The secret to being a millionaire is to start as soon as possible. Instead of buying toys for your children you should start saving in your child’s name and teach them the value of money. About it at Yahoo Finance website you can find interesting guides about How To Teach Your Children The Value of Money. You can read there: 

“5. Make Saving Interesting

You hear it every time you walk by a toy store: “I want…Buy me this… !” Again, pause and take a moment before responding. This situation presents a great opportunity to teach another important lesson about personal finance: savings and interest. Explain that people often save their money for items they want to buy.

A simple savings lesson involves using a piggy bank, shoe box, or empty peanut butter jar. Make the lesson fun by having your children decorate the “bank,” while explaining to them how you also use a real bank to save your money. Encourage your children to save a portion of their allowance for a special goal. As they save money, you might reward them with a small additional amount, just like a bank pays interest. At the end of each month, calculate how much they have saved and then chip in a certain percentage as interest.

Last, to further encourage the learning process, you might consider plotting a visual chart of their savings (include the goal) so they can easily see their savings grow. Remember to keep it as simple as possible, geared toward each child’s level of understanding.”

You can read these guides on Yahoo Finance by clicking here on this link

Secrets for invest in stocks and make money from a top university investor

The Wall Street Journal report that Harvard, Yale Are Big Losers in ‘The Game’ of Investing. The report said:

The schools were hurt by investments in assets that can’t readily be sold, such as private-equity partnerships, which were pummeled in the past year after stellar results over the previous decade. In the category Harvard calls “real assets,” including timber, commodities and real estate, annual losses neared 40%.

However the advices of David F. Swensen who manages no less than U.S. $ 22.5 billion Yale Foundation in the United States, still are valid.

On an interesting interview given to The New York Times, he gives us 3 simple tips for the individual investor wants to invest in securities:

1. Keep things simple and not complicated to make any investment.
2. Keep investment costs low and
3. Make a periodic review of our investments in line with our long term goals.

I recommend you to buy and read his book “Unconventional Success: A Fundamental Approach to Personal Investment” (Free Press, 2005):

He proposes a portfolio of 30 percent domestic stocks, 15 percent foreign stocks, and 5 percent emerging-market stocks, as well as 20 percent in real estate and 15 percent each in Treasury bonds and Treasury inflation-protected securities, or TIPS.

The idea that diversification is that you get an adequate return. Anyway always remember that any investment involves risk.

Business Idea hygienic, make money selling W.C. caps with your own design

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These W.C. caps are very funny with full color for the design of any kind of W.C.

We live in a society of mass consumption so the customization of products is an excellent business model to make money (I recommend you to read 8 Tips on How to Become a Millionaire Selling T-Shirts).

As shown in the photos above the toilet caps coming with decorative elements entirely playful and you can also make your own design. The idea of this kind of business model is to find products that we can customized without incurring excessive costs.

If you are creative you can find business ideas that fit this pattern and will earn money selling things seemingly common but distinct.

Via DoBusiness in Spanish.

A free tool to make conference calls by internet and save money

Always you should seek ways to save money for you business and Internet have many ways to save money, Internet technology is available to everyone and there are many free resources that allow you to enhance your business idea for us to concentrate on making money.

One of these tools is DimDim which allows us, totally free, have conferences on the Internet simultaneously with up to 20 people simultaneously.

You may well raise virtually their team or business through a conference call without the team waste time moving at a common place.

Using the DimDim you may meet virtually in a conference that combines the technology of Internet telephony with VoIP … all absolutely free (I recommend read Developing Business Ideas with VoIP telephony).

DimDim’s business model is to offer this free system and sell a premium package for those who want more than free package offer.

You can visit DimDim by clicking here on this link

How to sell my business idea and get money for my project, learn to sell your idea

If you have a business idea you should to learn how to sell it to potential investors.

Forbes give us some advices about how to sell a business idea. On summary with some comments:

1. Avoid calculation mistakes in your presentation. If you make a projection of profits, be very careful in your mathematics calculation.

2. Do not use overloaded power points. On this point there are several books that even advised not to use power points that distract your audience. You need that your audience to be focused on you and the business idea that you are selling. In any case if you use Power Point follow regulation 6 of 6 (no more than 6 items per slide and no more than 6 words per item).

3. Never turn your back to your audience. If you need to see your Power Point slide do it for 1, 2 or 3 seconds or less. Use the rule “touch, turn and talk”, ie touch the slide, Turn around and keep talking.

4. Do not speak about details of your business if it is not intended to show the money.

5. You must have a good closing. Perhaps comments from the attendees can be an appropriate closure or perhaps the presentation of what other customers say.

6. Anticipate the objections your audience. You have to anticipate which questions will be your audience and answer them in your presentation.

7. Do not give multiple messages. The message should be toward one goal, one should not confuse the audience with perhaps other projects. Now selling exclusively your business idea and nothing more.

8. Know the audience. You have to know to whom you speak, the message is different if you talk to a banker if you talk to an investor who is perhaps another entrepreneur like you.

9. Do not ignore the risks of the business. You have to treat these risks, not doing so is to insult the intelligence of your listeners.

Luck and jump know to sell your business idea.

You can read the full article at Forbes website by clicking here in this link

3 factors or keys that you should know to be successful in business

Any business is a risk and you will be suspicious of anyone that tell you that have a secret and magic formula for make money to become in millionaire on few days.

Some times the business fail for a lack of preparation and not because the business idea was bad.

There are many factors and keys for business success, here three of them:

1.  A good idea.

2. A good business plan.

3. The will to bring it forward and be a winner.

The 3 factors are necessary for success, but the third is that often fails, you must be passionate in your project business and believe in it. You should never think it will fail, as I said above always there are risks but you should foreseen them in your business plan.

Do not be intimidated by the fact that you maybe you do not have an MBA, an MA or a PhD, most people who have been successful in business have not had these studies. What if you have to do is work hard and be consistent, to have faith in yourself.

Often one’s family is the fiercest criticism of an entrepreneur, wife or husband or parents begin to say “why waste your time doing that”, “please to study it,” “seeks a job,” “you to lose all the money from our savings. “

What you should do is stick to a plan for success, being a winner in business is difficult but not impossible.

How to make money online choosing names for business

If you want to make money online in a easy way, perhaps  PickyDomains.com is which you are seeking.

Anyone that starts a business needs to find the right name for it and the best domain for its corporate website. With PickyDomains you can help in this process  and earn money.

If you need the right name for the website of your business, PickyDomain said: If you need a great, memorable, easy to pronounce domain name that EXACTLY describes what your website is all about – you are in the right place. This is what we do. We find available domain names that are descriptive, concise and are easily remembered. And if we can’t find one, or you don’t like any available domain names we suggest – you don’t pay anything. PickyDomains.Com is completely RISK FREE.

And, if you want to make money helping to find the right name business for a website: Here is how the process works – all submitted suggestions have to pass moderation. Those that do are marked as ‘Published’. The ones that don’t are marked as ‘Disliked by moderator’. After your suggestions are published, clients look at your names. If they like them, they’ll be marked as ‘Liked’. That’s good – submit more names like that. If they don’t like them, they’ll be marked as ‘Disliked’. There is no point to submit more names of the same nature – try a different approach. When your name is selected (registered), it’ll be marked as ‘Picked’. When this happens, you will also get an e-mail notification from us, asking you what PayPal e-mail to transfer $25 to.

See, it’s really simple. And you don’t need to check domain name availability in advance – our system will do that for you automatically (registered domains won’t be added).

Pickydomains.com could be an interesting source to make money online with internet. You can start today, visit PickyDomain by clicking here on this link

A business idea for make money online, buy and sell domains and websites

A domain name is the name of any website, for example the domain of our website is “www.ElasticZone.com“.

The domains “dot COM” (.Com) are the most popular domains (other are “.Org”, “.Net”). The average price of this kind of domains is U.S.$ 10 per year, but you know that will you be able to resell that domains and even most important that maybe someone could pay you a million dollars for your domain?

Yes, maybe you become millionaire buying and selling domains, that is the case of the domain ”Candy.com” that was sold for 2 million dollars as reported the newspaper Christian Science Monitor.

Why does it cost so much if you only should pay U.S$10 dollars per year?

Simply, because the name is short and generates traffic of visits to the website itself. As I have said before, on the Internet to more traffic of visitors you have more opportunities to make money online (read How to Make Money Online with a Blog).

Today, It is not easy to find a domain as Candy.com but maybe you can find an interesting domain that still is free. You can explore to buy one in several sites as Alocate, you should invest only $ 10 per year but who knows, perhaps you will sell your domain for millions of dollars in some years more.

How a small business earn a lot of money with its website, a model business to follow

The New York Times usually publish several articles about cases of successful businesses.

In this case NYT made an interesting report about how an small business is making a lot of money with its website named AskPaty.

AskPaty is a website that give advice about cars, automotive advice, advice on car buying, maintenance and other related automotive topics. However, the difference with other similar websites is that AskPaty is thinking for women.

Who had this business idea was obviously a woman who didn’t find information about cars with that point of view.

As the case of AskPaty the NYT reported other cases of small business that launch successful websites where their founders are finding new business, new sells and new sources of make money online.

The internet technology is inexpensive and is easy to learn the tools for build a social media. You can built for yourself your ecommerce business with several scrips, many of them free.

If you are thinking to start your own business maybe you should start making your own website or blog por make money by internet and explore the opportunities that your business idea could have.

You can read the NYT article mentioned clicking here on this link

What is the best software to make money with a blog? WordPress, Blogger or TypePad

If you want to make money online with a blog you will find that there are several alternatives of software to start one (I recommend you to read How to Make Money Online with a Blog).

One of the most popular is WordPress.org and is free. You should go to that link and you can download the program to install it on your blog hosting (I use wordpress).

Usually your hosting provider give the option to install WordPress with only few clicks (check Alocate that give you that option with its Linux Hosting plans).

At Blogger.com (a service of Google) you can make a blog as a sub domain totally free without invest to buy a domain or hosting. WordPress.com (notice .com and not .org) also give you the same alternative. If you want you can explore these free option but really you quickly will move to WordPress.org or maybe TypePad.

TypePad is other blog platform very successful but you need to pay for it but they provide you with the hosting services.

I use WordPress and I am very happy with this software. As wordpress is an open source you can find also a lot of resources over internet free that will allow you to learn more about this software and how to make money with your blog.