Tag: London

Credit Cards: How to Make Balance Transfers Work For You

What is Ethical Investing?

My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only. This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

Image credit: pexels.com

How to Invest in Property without a Large Deposit

This post may contain affiliate links please read our disclosure for more info.

Wherever you are in the world, investing in property, or Real Estate as it is called in the United States, remains one of the most prudent investments an individual can make. Once you have invested in property, you have the opportunity to benefit from capital appreciation (the value of the property going up over time) and rental income.

In the United Kingdom the total value of the UK’s housing stock hit £7.39 trillion* in 2019, a new record high. The traditional way into property ownership is to save a large deposit and secure a residential mortgage. In terms of a deposit, ten percent of the purchase price is a typical requirement by mortgage lenders. In London, this often amounts to tens of thousands of pounds. What if you haven’t got a large deposit? Does this mean that you will not be able to invest in property? No, it does not. Keep reading to discover alternative ways to invest in property.

Property Crowdfunding

As the name suggests, property crowdfunding is when many individual investors come together via an online investment platform to purchase a property together. There may be several hundred investors for one property. The amount of money required is significantly lower than if you were trying to purchase the property yourself. A few thousand or in some cases a few hundred will secure your stake in a property and you must commit to specific time period, this could be five years. After that time you are free to exit the investment and liquidate your profits or reinvest into another property.

In the interests of balance I must point out that when you invest in a property via a crowdfunding site like Property Mouse or Property Partner you have little control over your investment once you have committed to it. Also, the reviews of both websites are mixed so my advice would be to do your due diligence before investing. If you live outside of the United Kingdom, there may be similar websites in your country.

Joint Venture Partnership

A Joint Venture partnership in the property market is when two individuals formally agree to work together and create an agreement clarifying each other’s role in the partnership. A person who finds below market value properties and presents them to a property investor could be covered by this sort of agreement. In that scenario the person who finds the properties (property sourcer) requires no funds but will be compensated for each successful property deal they present to the investor. Please note, that sourcing below market value properties for property investors is very competitive work. Be prepared to devote considerable time to it if this is your planned route to property market.

Property investment Funds REIT

Investing in property via a Real Estate Investment Trust (REIT) may be the most comfortable way of investing in property for many who lack a large deposit. A REIT is property investment company listed on the stock exchange. The company manages commercial properties, residential properties or both types for its shareholders. When you invest, you buy shares in the REIT. If the compnay does well you will receive a share of the profits. Please note, the value of your investment can go down as well as up.

These are just three options for investing in property without a large deposit, if you are serious please remember to do your due diligence. Also consider property bonds and property unit trusts.

Next Steps

Are you interested in investing in property? ethical investments? Will your next investment be property related? Let me know in the comments section below. Also, get in touch if you would like my help. My email address is mike@learnmoney.io

If you have enjoyed this post you will also like the following posts:

How to get Brand Deals as a Micro Influencer

Are you Missing out on Compound Interest?

Making Sense of Affiliate Marketing Course – Review

Credit Cards: How to Make Balance Transfers Work For You

How to Make Money Selling Your Hair

Best regards,

Mike

Image credit: pexels.com

*Source – https://www.savills.co.uk/insight-and-opinion/savills-news/294601/uk-housing-stock-now-worth-a-record

What are the Coronavirus Job Opportunities?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM .

Coronavirus Job Opportunities

It will not have escaped your attention that we are in the midst of a Coronavirus pandemic. It is a global health crisis and it is also an economic crisis. As governments around the world struggle to contain the coronavirus outbreak, many have lost their jobs because their places of work have been forcibly shutdown as part of lockdown restrictions.

Despite this bleak outlook there are some industries that are benefitting from the crisis. In this video, I discuss 4 industries that are recruiting right now as a response to the coronavirus crisis. There are quite a lot of coronavirus job opportunities. If you find yourself newly out of work, this post will help you. All of the links that I refer to in the video are in the video’s description box.

Next Steps

If you are interested in any of the job opportunities that I mentioned in the video, click on the links in the description and follow the instructions to make an application. Once you have applied, let me know how you get on via the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.io

If you have enjoyed this post you will also like the following posts:

How to get paid Referring Friends for Jobs

Making Sense of Affiliate Marketing Course – Review

Credit Cards: How to Make Balance Transfers Work For You

How to get paid Referring Friends for Jobs

Best regards,

Mike

How to Make Money Selling Your Hair

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here subscribe .

Selling Your Hair

When I started this Learnmoney.io website never did I think that I would record a video and write an article telling my subscribers and community members how they can make money selling their hair!

The world is amazing and this opportunity is amazing too. Believe it or not, there is an opportunity to make up to $1500 USD (£1140.00 approx) by selling your own hair.

In this video, I discuss two websites that enable you to do this. I should point out that not everyone will be able to make $1500, watch the video for full details.

How Does it Work?

The websites mentioned in the video are portals that bring together buyers and sellers of hair. In short, they act as marketplaces and facilitate business between the two groups. If you are interested in the opportunity, take time to explore the different types of hair available and how best to market your own hair. Pay special attention to the type of photos you should take to achieve the optimum price for your hair.

Next Steps

Does the idea of selling your own hair appeal to you? Have you heard of this opportunity before? Let me know in the comments section below. Also, get in touch if you would like my help. My email address is mike@learnmoney.io

If you have enjoyed this post you will also like the following posts:

Making Sense of Affiliate Marketing Course – Review

Credit Cards: How to Make Balance Transfers Work For You

How to get paid Referring Friends for Jobs

Best regards,

Mike

Are you Missing out on Compound Interest?

This post may contain affiliate links please read our disclosure for more info.

What is Compound Interest?

The thought of saving money is not exciting to many people, they would rather buy things with the money that comes into their hands or wallets. Compound interest makes the prospect of saving money more exciting.

Compound interest is when you earn interest on the interest that you accrued as well as the initial sum invested.

How Does it Work?

For example, if you saved £1000 at an interest rate of 5%, at the end of year 1 you would have £1050, with a compound interest account you would then earn 5% interest on £1050 by the end of year 2.

This would mean that your total going into year three would be £1102.50 instead of £1100.00 if you had earned 5% each year. Over the long term, the increases to your savings total become very significant so much so that Albert Einstein reputedly said of compound interest,

“Compound Interest is the most powerful force in the universe. Compound interest is the 8^th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.”

Albert Einstein

Savings Accounts & Compound Interest

Given how beneficial Compound Interest is to the individual saver, you would expect all savings accounts to offer Compound Interest to their account holders but that is not the case. There is every possibility that your savings accounts are not paying you compound interest, please check with your bank or building society. Your bank may be only paying you simple interest, which is interest paid annually on the principal sum only.

If they are not, study the example below and open a new account that will pay you compound interest from any provider you choose. Remember that to really benefit from compound interest you will need to save for the long term.

This is an example of a UK savings account that pays compound interest. International readers, you may need to do some investigative work to find comparable savings accounts in your country.

Next Steps

Hopefully this post has made you re-consider the savings accounts that you have; now is the time to open an account that will pay you compound interest. Let me know your thoughts in the comments section below. Also, get in touch if you would like my help. My email address is mike@learnmoney.io

If you have enjoyed this post you will also like the following posts:

Making Sense of Affiliate Marketing Course – Review

Credit Cards: How to Make Balance Transfers Work For You

Making Sense of Affiliate Marketing Course – Review

Best regards,

Mike

Image credit: pexels.com

How to get Paid Referring Friends for Jobs

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM .

Extra Cash

Most of us would appreciate the chance to earn some extra cash but from my anecdotal research I know that few people seriously consider the opportunity to make extra cash by referring their friends for relevant jobs.

It’s not just a pipe dream, it can be your reality too. In this video, I discuss 2 websites that will enable you to do just that; you do not have to be a recruitment consultant to connect your friends with jobs to help them continue or improve their career. The websites I discuss are just examples, there are many more offering similar incentives for helping companies to find the right staff. If you live outside of the countries I discuss in the video, do not lose heart because there are likely to be similar offers in your country too.

Referring Friends

In the video, the first website I discuss relates to the American employment market and then the second is relevant for the United Kingdom employment market.

Referring friends for relevant jobs can be a fairly lucrative activity because ultimately you will receive an amount equivalent to a percentage of the new employee’s salary without having to do a lot of work. It can be an excellent way of generating extra cash.

How Does it Work?

In the video, I discuss specific websites that will enable you to earn extra cash by referring your friends for jobs. Usually your friend will have to be successful with their job application and to keep the job beyond the probation period for you to receive your money.

Next Steps

Make a list of friends who are looking for work and arrange a time for you to discuss with them the possibility of you referring them for a job. When you have, let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

How to Control Your Cashflow With a Bill Payment Schedule

Credit Cards: How to Make Balance Transfers Work For You

Making Sense of Affiliate Marketing Course – Review

Best regards,

Mike

How to Transition From Active to Passive Income

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM .

Active Income

Active income is the traditional way of earning money when you have a job; an individual trades their time for an hourly rate and is paid wages or a salary. This model applies whether they are working in a restaurant, shop or an office. Active income requires you as the employee to be in a specific place at agreed times and to follow a predictable routine. The primary benefit is that you will receive income that you can predict and that you can plan your expenditure precisely. The major disadvantage is that you are limited by the amount of hours a day and the fact that the more work you do, the more tired you will become.

Passive Income

Passive income is income that you can generate once you have completed all the initial work for a project and then set up the processes to create recurring passive income. A good example of this is provided by the music industry, an artist writes, records and produces an album and then when it is released, they will receive passive income from its sales.

From Active to Passive

In the video, I discuss specific ways that you can transition from an active to a passive income model. It is not easy, you will have to do the work but once you have done it, you’ll be much closer to our shared goal of financial freedom.

Next Steps

Would you like to earn more from passive income? Have you already started? Let me know in the comments section below. Also, get in touch if you would like my help, my email address is mike@learnmoney.io

If you have enjoyed this post you will also like the following posts:

How to Control Your Cashflow With a Bill Payment Schedule

Credit Cards: How to Make Balance Transfers Work For You

Best regards,

Mike

Making Sense of Affiliate Marketing Course – Review

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM . Have you considered joining Michelle’s course? You can do so here –>

Affiliate Marketing

If you have read this post, Top 3 High Paying Affiliate Programs or this one, How to Monetize Twitter with Affiliate Marketing you’ll know that I believe that Affiliate Marketing is an open and accessible way for regular people to make side income without drastic changes to their lifestyle. The challenge with Affiliate Marketing is to create a truly systematic approach; simply spraying your affiliate links via your Social Media channels will not work, neither will just embedding your links into your website, if you have one.

Michelle Schroeder-Gardner

Last year, I was searching for a comprehensive course that outlined a systematic approach to Affiliate Marketing when I found the Making Sense of Affiliate Marketing Course from Michelle Schroeder-Gardner.

Who is Michelle Schroeder-Gardner? Michelle is now a millionaire blogger but when she started her blog, Making Sense of Cents in 2011, she did so to track her own personal finance journey.

Her primary objective was to pay off $40,000 of student loan debt. She went onto achieve that and so much more; Michelle has moved from a position where she had a negative net worth to financial abundance and Affiliate Marketing is one of the activities that helped her make that transition.

The Making Sense of Affiliate Marketing Course

Making Sense of Affiliate Marketing is the title of Michelle Schroeder-Gardner’s course.

Michelle now earns over $50,000 a month through affiliate marketing, and she shares all of my best tips in this course.

In this course, there are 6 modules, over 30 lessons, over 20 worksheets, bonuses and an extremely helpful exclusive Facebook group. The course content answers the following questions:

What affiliate marketing is and how it works
Why affiliate marketing is great
The exact steps she’s taken to earn over $300,000 from a single blog post
Picking the right affiliate products to promote
Increasing conversions
How to build trust and not lose followers
Required disclosures that you need to know about

I have given my comprehensive review of Michelle’s course in this video. This video will be of interest to Affiliate Marketing practitioners, B2B marketing managers, Content Marketing professionals, Social Media Managers, business owners, and anyone interested in making money online with Affiliate Marketing. Please let me know your thoughts below when you’ve had time to watch it.

Next Steps

Would you like to earn more from Affiliate Marketing? You can join The Making Sense of Affiliate Marketing Course here – Have you already started Affiliate Marketing? Let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

How to Control Your Cashflow With a Bill Payment Schedule

Credit Cards: How to Make Balance Transfers Work For You

How to Stop Emotional Spending

Best regards,

Mike

Coinbase Earn: Earn Free Cryptocurrency

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM .

Earn While You Learn

Cryptocurrency is no longer new in investment terms but if it was a sport it would still be regarded as a minority sport played by a small percentage of the nation’s population. Established Cryptocurrency exchange and provider of free digital wallets, Coinbase knows this and has created opportunities for new and existing cryptocurrency investors to earn while they learn.

Coinbase Earn: Earn Free Crypto

What is Coinbase Earn? Well, you are asked to watch a few videos, answer questions and in return you earn cryptocurrency that goes into your Coinbase account. It is not complicated to do or to receive the cryptocurrency.

In this video, I demonstrate the process you need to follow to earn the free cryptocurrency and explore Coinbase’s motives for creating the initiative. I hope that you find it useful.

This video will be of interest to people who are interested in earning income online and making money online generally. It is another simple way you will be able to increase your financial assets and investments without a drastic change to your lifestyle or weekly routine. Here’s and then you can participate in Learn and Earn.

Next Steps

Would you like to earn some free crypto via Coinbase? Here’s my invite for you . Have you heard of Coinbase before? Let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

How to Control Your Cashflow With a Bill Payment Schedule

Credit Cards: How to Make Balance Transfers Work For You

Should you Combine Pensions?

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