Online money making ways can help you earn more and eliminate debts

Are you tired of the debt obligations that are spiraling out of control? With the present unemployment level hovering around the 9% level, most Americans are frustrated with their personal financial lives as they start defaulting on their loan obligations. An increasingly large number of people are looking for ways in which they can make more money and use the funds in order to repay their debt obligations. Since most of them are desperately looking for some passive income to make ends meet, you can also try to make money online and use the proceeds in repaying your debt obligations. Here are some smart ways in which you can generate online cash.

• A website reviewer: If you come back home early every evening and you find you have enough time to do another part-time job, you can become a website reviewer. As most business organizations have started sharing an online space to increase their traffic, you can get in touch with a webmaster who wants his website to be reviewed by a third-party. You just have to go through the website and detect the errors that can bring down the number of traffic to their website. In short, you have to make ways to boost the online visibility of the website in question.
• An affiliate marketer: There are many merchant companies that are looking for an affiliate marketer who can promote their products and services on their behalf. If you have enough time at home and you’re well-versed with the internet marketing efforts, you can certainly become an affiliate marketer. Sign up with the merchant company and they will give you an affiliate link through which you have to market their products and services. You may use e-mails, the social media as a means for marketing their products. You can earn commission on the number of leads that you generate for the merchant company.
• An online content writer: You must be aware that the content of a website is the most important part and without good, relevant and unique content, it is impossible for webmaster to attract the adequate number of traffic. If you have a flair for writing and you also have enough time, you can become an online web writer. However, you have to make sure that you write unique content and articles that have 100% relevancy with the theme of the website. You get paid well for such jobs.

Therefore, when you have lot of debt obligations to repay and your income is limited, you can try making money online. Choose any of the above mentioned options so that you can repay your debt obligations without having to rush to professional debt help companies.

Can you earn money by writing blogs at home?

There are many people who are interested in writing blogs. But have you seriously thought about earning money by writing blogs. You can turn your hobby of writing blogs into your profession and it will help you make money. Therefore, this article will help you to suggest 3 essential ways to make money at home by writing blog posts. Read more…

The Stock Market Casino

Is trading in stock markets a luck business ? or does it require skills ? How many investors remain making profits for a long time or become rich and stayed one ? I know you might tell me that Warren Buffet is the man ! But was he lucky or does he posses an outstanding skills in investing?. I think he has the two factors, by being lucky and a man of craft.This will open a new discussion called: “Probabilities” and I’m  no expert in that field, but i know some basic knowledge that I can use now to validate my arguments.From my experience of 7 years of securities trading in US market I know for sure that most traders depend on luck. They are in the market like gamblers in Casinos . They are trading for the thrill. Of course there is an exception here , and I mean the sophisticated investors, traders and institutions.

Every one of them (the 2 teams) are looking for the profit. But how do each one of them look at the trading process ? Like I said gamblers and yes I call them so because they depend on luck and probabilities are so different than the professional ones ! But in What way ? The professional do their best to filter the securities by choosing the right bargain . I didn’t mention the long process of filtering , you may ask me why ? Because at the end of financial calculations , investors face a critical  phase : that is the decision making phase to pick the hot stock. While the gamblers don’t get involved in the previous process, all they are after is the quick profit and the thrill of trading and sometimes  the fear of losing. Some gamblers certainly go through a process which is obviously different than common security analysis. What makes both different is the mentality of each one. The investors group use skills finalised by sophisticated decisions. Gamblers however, value profit without knowing the mechanics and fundamentals of stock markets.

Both teams are exposed to luck and losing money, as no one can anticipate the markets surrounded by many economic and political influences . We live in an enigmatic and uncertain world anyhow. No matter how skilful you are , you can not control the consequences . You can get lucky if you are good and gain money. Still you can win many trades while being merely lucky with no skills at all. For example by following experts advice or getting to know insiders. I know many investing-coaches who claim that  they are experts in stock markets but still lose and close many of their own portfolios . Despite that they continue giving lectures and courses. I call that a foolish act because these morons are fooling themselves and their clients. I’m sure you have seen them every where and not just in the finance industry. What was the reason for them for not being able to beat the market ? Was it of their lack of technical knowledge ? I doubt it. Was it because of the “Market Efficiency hypothesis” theory ? Which states that you can not beat the market by using technical analysis or manipulating the insiders information to profit before every one else ? I don’t believe in that theory , because in reality there are plenty  who profit from the markets by using technical charts and insiders secrets.

All I can say is that there are  winners and losers in securities markets and its irrational to categorize their actions into “The seven habits of Highly effective or ineffective investors” book . because even if you apply those habits , it does not mean that you are isolated from risk and uncertainties. I still trade despite of what I just said and I did not write this article to put you off trading or investing. My point is to illustrate that investing is mainly a probability game, however with a spice of skills it can become a non-gambling profession.

Tags: Philosophy, Probability, profession, risk, stock market, trading

Twitter Teachers in Kuwait

The trend now in Kuwait is to use Twitter rather than Facebook. In the past the number of Kuwaitis who use Facebook was far much bigger than Twitter. Very few who used Twitter even though they had Twitter accounts. I personally not sure what made that switch. It could be to follow politics that’s happening in Kuwait- many tweeters were arrested by the government for their oppositional views.There are also  other reasons , probably the potential to get to know more people for socializing and exchanging opinions about many issues.  There are also the zealots who specializes in one thing only : political rumours, feud and recrimination.I personally had Twitter since 2008 and hitherto my activity  isn’t that much. I have seen some Kuwaiti Tweeters who tweet – and I’m not exaggerating – in every hour of the day . Don’t they go to sleep or rest or have other things in life rather than tweeting. This is serious ! It says a lot about them and how they spend their lives. I don’t mean by that to quit Twitter but what I’m calling for is a balance.There are many important things in Life to take care of . It could be your yourself , family , job , business or other things.

I have read an article in Alarabiya News : Kuwaiti government is studying a project to pay teachers money  to use social media platforms like Twitter and Facebook. Its like an incentive , but hey this is good news for teachers who are already Twitter-Addicts. Not just that, the salaries of teachers have gone up lately and every one now wants to be a teacher including the tweeters

Tags: 4q8, erada, Kuwaiti teachers, Kuwaiti tweeters, Twitter

HMRC Vs Virtual money

I have some thoughts regarding taxing virtual currencies. Virtual currencies that exist in online games, such as World of Warcraft, Second Life and many others.There two ways to have these currencies: inside-game activity or through an external intermediary such as “Gold faming companies” which you can buy these currencies by shopping in their website.I think once the virtual currency is converted into real money and transferred into your bank account ; the tax man will wave at you because you earning money , have an established website and a business , so you need to declare your income and profits and pay the appropriate tax . The Tax man ( for example the HMRC- the UK Tax authority) does not care where this money come from or what is the nature of the business ! All they care about is that your earned money and its time to give him a piece of your treasure   . I have looked at the HMRC website and I could not find a law that describes that issue. All I was able to find is online gambling gaming that resembles gambling machines. IF you know any related law please let me know. I also welcome further discussions on that matter as I will be posting more tax topics in the future Thank you !

Tags: HMRC, Second Life, Tax, Virtual Money, world of warcraft, WoW

When will Kuwaitis start paying TAX ?

I know that this topic will upset many Kuwaitis and they will reject what Im going to mention. But i don’t care about the consequences . Kuwait is a wealthy country-I know that for sure . But what is the source of wealth? Oil only ! this is good news as long as the oil price is high and the supply is still active. But what happens if the price drops or the world no longer needs it? I’m sure that Kuwait will be in a deep trouble. That’s because it has no reliable income that it can use to secure its expenses and to supply the employment with salaries. So in my humble opinion- as I’m not an economist but an apprentice accountant- I ponder: why Kuwait does not follow the developed countries by putting a tax policy in practise?. Taxation will solve many of the above problems if applied right and at the right time. USA and UK’s (for example) main income is from tax and believe it or not its a huge money.Most (if not all) of the developed countries can not function without depending on tax income. Every economist knows the advantages of taxation be it economical or social. Beside I sense that Kuwaiti citizens need to participate in building their country, so when they pay tax they contribute to the development of their country , apropos I’m talking about employee , self employed and business owners. The money goes to boost the country and improve it. Politically is also right , because when Kuwaitis pay tax they have the right to question the government or ask for a raise. We can not always be takers as most Kuwaiti citizens are (unfortunately) we have to be givers as well , and by paying tax we are being responsible citizens.  Looking at the current sad situation in Kuwait,  this is right time to apply taxation. However we have a big challenge, the tax money must be in good hands and must be utilized to advance the country. No more robbery and corruption please, as we can not afford it.

Tags: Kuwait Tax, Tax in Kuwait, Tax law, Tax policy, Taxation in Kuwait

ACCA

ACCA  (the Association of Chartered Certified Accountants) is a well know certificate for accountants internationally. I have taken this course for the first time and I’m studying now Taxation (F6) at Bangor management centre. Its a fun subject and I really have learned a lot. It teaches you how taxation works in UK along its calculations. You learn about how to calculate taxable incomes from various people. Be it employee , self employed , business man or investors you name it. My exam will be on December 6th and I have been told that I should train my self to answer past exams in order to pass. I was exempted from four ACCA modules (F1-F4) because I have done a master degree in accounting. The funny thing is my taxation tutor has told me that she needs to do higher studies and she already has enrolled in Msc accounting and finance like I did and now she is accepted in my past university (Bangor University). She told me that she needs it to develop her academic skills. She is already good at the professional side but maybe she needs the analytical skills that academics posses (remember my old post : Academic Entrepreneurship). Unfortunately I could not continue at Bangor university to do PHD because my targeted tutors are full and they can not supervise any extra students. So I asked my targeted genial tutor for a recommendation (related to my PhD topic) and she advised me 2 persons. I briskly checked them out and indeed they have a good reputation in accounting research. My current PHD topic which I’m willing to do is about Graphical representation of financial information by corporations. I like that topic and I insist not to change it for any reason. However that have a price as not a lot of academics around the UK universities share this interest, and that made me spent a longer time and bigger effort searching for the right person at the right location. I managed to find some good ones, but I did not choose them because these institutions don’t have a high RAE rating which is very essential for my future career in Kuwait. I’m still waiting for a response from one of the universities, the sooner I get the offer the better, as my time here in UK is crucial and limited.

Tags: ACCA, ACCA Kuwait, Bangor management centre, Bangor university, F6 Taxation, Kuwaiti students North Wales, PHD, RAE

Paypal and the virtual auction house

In my previous topics I talked about virtual economy and virtual currencies. I mentioned that there are real money transactions between the real and virtual world.As things becoming more obvious , the famous auction house in the cyber world : eBay is depending entirely on PayPal to manage the financial services. There is a a success between the two firms , beside don’t forget that PayPal is owned by EBay now.

In an old topic I explained briefly about the auction house in Wow and how it works and lessons learnt from it. Blizzard company will be releasing (in the future) Diablo 3 which is now under development and Blizzard announced that it will implement real money to Diablo 3 currency. Which means , that you can use real money to purchase items in Diablo 3 and you can cash your Diablo 3 currency into real money.

I thought that Blizzard is going to do that all by itself like other gaming companies “Half life” where you can perform money in/out through the company itself- no intermediaries . But it turned out that Blizzard is learning from the E-auction monster : EBay and joining PayPal the famous E-accountant or E-bank to manage its gaming  transactions.

This is going to be interesting , because if you have a real PayPal  account you can use it to play Diablo 3 or to buy/sell items or currencies. It was estimated that 70% of gamers world wide have Paypal accounts.The question is and it was raised before in research : will the “Governments” tax the virtual currencies when they are converted to real money ?

Tags: Blizzard, Diablo 3, Ebay, MMORPG, PayPal, Tax, Virtual Money, world of warcraft, WoW

Happy Eid

Happy Eid every one. This is my fifth Eid away from Kuwait. I have been away from home for more than two years and I miss being with my family to celebrate the Eid. Today I took my kids Fouz and Ahmad to buy them some Eid gifts. I then took them to the playground , they had fun. On my way back home we stopped at a Fish and Chips shop in Llangefni opposite to the market that has one of the longest names in the world:

Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch

Tags: eid, Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch, Llangefni, Longest Word

The art of Imag[in]g

Been (and still) reading lately about the power of photographs and images in corporate communication. Its quite a new topic in accounting research and there haven’t done much regarding the analysis of images in corporate annual reports. What I have found is that the majority of researchers in accounting agree of the importance of photographs in conveying the corporate messages to its shareholders. A picture is worth a million words. Its not as simple as it may sound, however there are many angles to using images. What I meant by that, is there are many theories from different domains that can be used to interpret the inner meanings of photographs. The themes are little and the call for finding more is required.

(from my experience) Few businesses  that do the job of designing corporate financial files making it more attractive, stylish and informing. The trend is still growing and the power of visual media is taking over.

As an accountant myself I find that topic quite new, strange and interesting. The modern accounting discipline is changing its face from what it used to be a dull one to a multi inter-discipline that brings creativity and style.

The gist of this topic is that new ideas and topics emerge when the right mentality, freedom and openness of mind are available at the table. Your business, knowledge, experience and job could apply the same (above) formula, by trying ( as an example) to link it with other and different ideas (domains).

In my next topics I will discuss more about the use of photographs in accounting and business by covering new contexts.

Tags: Annual reports, corporate communication, Impression Management, Photographs