July 22, 2021, 8:12 am

How to Make Money Online During and After the COVID-19 Pandemic

by: The Financial Blogger    Category: Uncategorized

There’s no denying the COVID-19 pandemic has been terribly hard on people. Even if you didn’t get the disease chances are, you either lost your job or have been furloughed for a while. Even with Pandemic Unemployment Assistance and the occasional stimulus check, it’s been hard for people to pay their mortgage or rent. Especially for those paying their mortgage down early.

But for some lucky homeowners, age 62 or older, they’ve been able to tap into their home equity via a reverse mortgage. After loan approval, they’re able to accept the cash in one lump sum payout or they can receive partial payments every month. This much needed extra cash has been a blessing for many during these uncertain financial times. You can see what your rates and incoming payments would look like with this reverse mortgage calculator here: https://reverse.mortgage/calculator.

But for those who aren’t fortunate enough to tap into their home equity, they’ve had to resort to more creative ways to make extra money. It hasn’t been easy. According to a recent report, with all the fear, uncertainty, and doubt (FUD) that’s surrounded the fatal virus, the global lockdowns and financial downturns that’s resulted from it, have made our lives much more difficult and stressful. If it’s hard for you to think creatively during stressful times you’re not alone. 

Before you dip into your retirement fund, know that there are other options. For those of you who can manage to think outside the box of your garden variety 9-5 day job, here’s a few ways to generate some great income online during and after the COVID-19 pandemic.

Start a Blog

Starting your own blog is perhaps one of the easiest and cost efficient ways of making money online. You can establish your particular brand of authority in your desired professional space. You can also curate blogs on topics your potential audience will find engaging.

Just make sure to be consistent with your posts by putting them up regularly. You can make money through your blogs via affiliate marketing, influencer marketing, and by directing traffic to your own products such as eBooks, clothing, coffee, music, etc. The possibilities are endless. 

You might want to even start a blog on hacks to make a quick buck.

Logo Designs

If you have a flair for art, you can put it to work by designing logos for businesses and organizations. Never before has it been easier to come up with designs using online software like Adobe Illustrator and CorelDraw.

How do you start? You simply approach a small business either in person or online via LinkedIn. Have some samples handy along with a quick bio that demonstrates your talents.

E-Commerce Expert

Lots of people have been selling products online through stores like Amazon long before the pandemic hit. It doesn’t take much money if any to start. All it takes is time and effort on your part. You can either produce your own product, or you can purchase products then resell them.

If you are truly resourceful, you can create your own online store for other E-Commerce experts to utilize for selling their products. You simply take a cut of every product sold.

Content Writer

Says Yourstory.com, so long as there are products to sell and people willing to spend money on them, businesses need to make those products both understandable and attractive to the buying public.

Enter content writers. You don’t need to be Shakespeare to be a content writer. You only need to have appropriate writing ability. If you’re a great writer, all the better since you will likely get through a lot of assignments fast and efficiently. Content marketing tends to be inexpensive, but it generates lots of leads making it a favorite tool among online businesses.

eBook Designer/Editor

Writers/authors who publish eBooks independent of traditional publishers require professional looking covers, skilled editing, and exceptional written content. That is, they expect to build a following. Good eBook designers and editors are said to be worth their weight in gold to authors willing to pay thousands of dollars for their services.

If you know how to copy edit, content edit, and you can manage the ins and outs of Adobe InDesign, you can create great eBooks. If you know how to create illustrations, you will be even more popular among independent authors.

Social Media Marketing Manager

Never before has social media marketing taken center stage than during the pandemic. Since lots of people are still staying home even at this late stage of the pandemic, social media marketing or SMM, has reached new heights of importance. If you’re particularly good with social media marketing, you might as well get paid for it. Perhaps you know of a busy businessperson or author who desperately needs to market online but they just don’t have time for it. Your professional social media marketing manager skills just might be the perfect solution. 

A competent manager will pay attention to the analytical side of the market, while creating reports, and building marketing and influencing campaigns. Just as importantly, they will openly engage with your audience and potential clients.

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July 16, 2021, 7:55 am

Reasons Why Your Credit Score Matters

by: The Financial Blogger    Category: Uncategorized

Perhaps you’ve never thought much about your credit score because you haven’t engaged in a process where parties took that aspect into account when making a decision. Alternatively, maybe you haven’t put much effort into positively impacting your score because you’re not sure how to get started. In any case, your credit score can significantly influence your opportunities. 

Your Credit Score Indicates Financial Stability

A credit score is a representation of your financial standing. Once you decide to get a free credit score, that’s the first step to knowing whether there’s room for improvement or you’re already in an excellent position. 

Getting your score also makes it easier to connect past issues to your future score. For example, if you send in credit card or loan payments late, that can negatively impact your credit score.

You also may notice a trend where you frequently get close to your credit limit or otherwise use more than half what your credit card provider indicated. The amount of credit used is called your credit utilization. Sources suggest keeping it at 30% or lower to improve your score. 

Knowing your credit score helps you take positive action. If you’ve accidentally paid bills late before, consider setting a reminder in your phone or marking the due date on a calendar. If using too much of your available credit becomes problematic, take a closer look at why that happens to determine what realistic changes you could make. 

Your Credit Score May Impact Your Housing Options

Your credit score also becomes crucial for potentially influencing where you can live. For example, if you’re looking for places to rent, landlords want indications that their potential tenants will pay reliably every month. A credit score is not the sole indicator of that happening, but it shows whether you’ve been on time with other payment deadlines before. 

Additionally, perhaps you’re thinking about taking out a loan to buy a house. Your credit score typically becomes part of the screening process before approval. Even if you’re not in the market to buy or rent anytime soon, it’s still good practice to know your score and be aware of if you should take steps to make it better before a housing-related milestone occurs. 

Your Credit Score Could Make You a More Appealing Job Candidate

The job market in many cities is intensely competitive, and sometimes dozens or hundreds of people apply for a single open position. Having a strong resume and cover letter, along with the required or preferred experience and background, should help you stand out, but your credit score could play a role, too. 

Some employers will retrieve a truncated version of your credit history while evaluating you as a candidate. They don’t see your score, but having a high one will naturally reflect well on the credit history details they do get to examine. 

You might wonder why a potential employer would care about that aspect. It’s often because they want to know whether you could handle having a company credit card. Having one of those is a privilege that comes with significant responsibility. 

Your Credit Score May Affect Your Insurance Costs

Differences in premium rates given by insurers seem a bit mysterious to outsiders. Companies weigh a variety of factors and use specialized algorithms when calculating an offer for you. One of the things examined during the process could be a credit-based insurance score. 

It’s a specialized version of your score specific to that industry. Of course, having a fantastic credit score alone is not enough to guarantee a low rate for insurance. However, it could make a meaningful difference in what you pay when gauged along with other factors. 

This overview emphasizes why there’s no time like the present to learn your credit score and consider taking steps to improve it. Doing those things could shape your financial future for the better. 

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June 2, 2021, 9:51 am

10 Best Games to Play, Enjoy, Learn to Make Profit and Repeat

by: The Financial Blogger    Category: Make Money Online

Image Source: Pexels

Are you looking for a fun way to learn more about the stock market? Well, it may come as a surprise that you can actually play games like fantasy stocks that will help improve your financial literacy and trading skills while making some profits on the side.

From learning about how loans work to how loan sharks exploit the borrowers and making the right money choices to how the stock market works, you can literally get your hands on any game of skills online.

So without further ado, let us look at some of the best games for all.

10 Financial Literacy Games to Help you Get Started and Continue

If you wish to learn about the stock market, you can play some of the best financial literacy games out there. These games usually work like fantasy sports games; hence they are also known as fantasy stock games.

1.      Claim Your Future

In this game, you will have a fantasy career with a fixed annual salary. This game will then ask you to make various lifestyle and financial decisions that go hand in hand with your wages.

Now it is entirely your call whether you will wisely choose to buy or rent a house that you can actually afford. It will be your decision whether you opt for organic food on your plate or just survive on the basics.

2.      Finance 101

Finance 101 is a stock market game that offers financial simulation gameplay. The scenarios will continue to change depending on the choices you make on the go. As a player, you will have a random professional assigned to you. Plus, you will come across 13 scenarios that will impact your finances, decisions and hence determine the further development of the game. Check out the game to find what happens next.

3.      StockBattle

StockBattle is a one-of-a-kind game of skills offering thrills of stocks ups and downs. You will get your hands on various short games to satisfy your investment hunger and win cash prizes alongside. Most importantly, you will get to learn if you have what it takes to survive in the real stock market.

The short 5-minute games available on StockBattle will give you an excellent opportunity to hone your skills in various financial domains. StockBattle is purely a fantasy stock game of skill that involves no gambling aspect at all. In fact, by the end of each round, some of the players will earn cash rewards for the stocks portfolio they created.

Just like Fantasy sports games, StockBattle allows you to follow the companies you believe in. You can even try various strategies to see how the stocks you invest in may change in real-time. The best part is, you can play these fantasy stocks worldwide; however, the stock market hours limit applies. If you are dealing in cryptocurrencies, you can play 24/7.

If you believe that you have what it takes, the game also offers 15 to 60 minutes games too. However, all the games allow you get to compete for cash prizes.

4.      Hit the Road Financial Adventure

Play a financial game of skills that takes you on a road trip. You’ll have some friends to keep you company, and you’ll have to stay within your budget to avoid the following situations:

  • getting hungry
  • getting stranded in the middle of nowhere because you forgot to fuel up your car 

If you’re skillful enough, you’ll reach your destination. Can you nail this game by staying within your budget and make it all the way to the finish line?

5.      Lights, Camera, Budget

Play this fantasy financial game where you will get a chance to act as a movie producer with a $100 million budget. The target will be to produce a 5-star film. The game will ask your filming crew questions, and you will earn money for each correct answer. You can put this money toward producing the movie.

You will also have to make sound financial decisions to make a blockbuster hit. There will be 12 different financial situations where you’ll have to make decisions and learn to make money on the spot.

6.      Money Magic

This one is an impeccable financial literacy game that will be an eye-opener for you to learn all the dramatic things that may happen in the financial field. Moreover, you will also learn about how you could choose a career that can suit or meet your wants and needs.

The Reality Check will ask you a series of questions such as the house you want to live in, the car you wish to drive, etc. By the end, you will find out how much money you have to make in order to afford the kind of lifestyle choices you just answered. No wonder they named it reality check as it really makes you think about your lifestyle choices.

7.      Reality Check

This one is an impeccable financial literacy game that will be an eye-opener for you to learn all the dramatic things that may happen in the financial field. Moreover, you will also learn about how you could choose a career that can suit or meet your wants and needs.

The Reality Check will ask you a series of questions such as the house you want to live in, the car you wish to drive, etc. By the end, you will find out how much money you have to make in order to afford the kind of lifestyle choices you just answered. No wonder they named it reality check as it really makes you think about your lifestyle choices.

Image Source: Pexels

8.      Spent

A good game that shows what living in poverty is like. The simulation will enable your child to become aware of the difficulties of living on a very low household income.

Moreover, it can also help instigate a level of empathy in people for the less fortunate. So, they know why someone ends up on the streets asking for help. The game starts with the role of the student assigned to the player. The student has no employment, has lost his/her home, and only has $1000 in the pocket.

Player’s goal is to survive for an entire month on that $1000. However, if you are an adult, play this game, and it may teach you a thing or two about financial literacy as well.

9.      ShadySam

This is a role-playing game where you get to play as a loan shark. You will be a predatory lender as well as a collector and learn about loans and risks involved. ShadySam will also teach you about interest rates and loan collection methods.

If you want to learn about how lenders operate and things they do to take advantage of the borrowers, it will save you from getting involved in the vicious cycle of borrowing.

10.  The Uber Game

The Uber Game is a financial literacy game that helps you learn if you can survive on a job in today’s gig economy.  Here you will get an urgent financial situation such as having to pay a $1000 mortgage repayment in a week’s time.

Your goal will be to accept various gig jobs available on Uber and try to save enough money to pay back your bills and mortgage. Another real-life-based simulation financial game of skills for you to find out if you can do it.

Conclusion

If you really wish to learn about financial strategies, have fun and make money while doing so, the above-mentioned games such as StockBattle are a perfect choice. Whether you are an adult or a high school student, playing these games can really alter your thought process about how you perceive finances.

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June 1, 2021, 8:36 am

The Basics Behind Buying Your New Home with Bitcoin

by: The Financial Blogger    Category: Make Money Online

By now you’ve probably heard about cryptocurrencies, especially the king of them all: Bitcoin. In reality however, “currency” is a bit misleading since it’s impractical, but not necessarily impossible, to purchase a candy bar or a burger, for instance, with Bitcoin or any other crypto currently being sold on any number of exchanges like Gemini or Coinbase.

What Bitcoin is, rather than a currency, is a store of value. Or put another way, it’s a digital asset. You might even think of it as digital gold. But unlike gold, Bitcoin is known to exhibit extreme price volatility, often times rising or dropping in value thirty to fifty-percent in a single day!

Nonetheless, many famous financial investors and billionaires, like Mark Cuban, Max Keiser, and Michael Saylor, are coming on board with Bitcoin, believing that it will be worth up to $1 million per coin in just a decade.

So then, back to the original question. Can you buy anything substantial with Bitcoin, like a house and/or property? The answer to this might come as a surprise. According to one recent report, a “new door to Bitcoin has opened.” It is now possible to purchase a house with Bitcoin. In fact, you can not only buy a house, but you can invest in a mansion or a villa in Italy or France.       

That said, due to its volatility, many of you are likely planning on staying away from Bitcoin for the time being. But that doesn’t mean you aren’t in the market for your first house. In that case, you will want to stick to cold, hard fiat currency.

Naturally you’re going to need a loan, which means you have a choice. You can approach a traditional brick and mortar bank and go through the arduous time-consuming process of obtaining a mortgage.

Or you might consider a private lender, like Gauntlet Funding, hard money lenders Florida, who can potentially lend you whatever currency you need to purchase either your first house or even your dream house. U.S. based hard money lenders are not difficult to come by. Just do your research (simply Google “private hard money lenders near me”) and you’ll likely find one or two who meet your needs and wants.    

But what if you wish to stay away from cash since its value seems to be depreciating on a daily basis along with the Federal Reserve’s love of constant money printing? If that’s the case, then a hard look at Bitcoin just might be in the cards for you. And now that you can purchase property with the digital asset, you might be doubly interested.

But before plunging headfirst into the volatile digital asset, you’ll need to know some of the basics behind buying your first house with Bitcoin.    

The Rising Price of Bitcoin

Believe it or not, the first thing that was ever purchased with Bitcoin were two cheese pizzas back in the early 2000s. Their price? 10,000 Bitcoin or BTC. While that might sound like a lot, back then it was the cash equivalent of $40.

Since then, BTC has skyrocketed in price, reaching close to $65,000 per coin in early May of 2021, and in the process, creating untold wealth among many of its believers. On the other hand, by the end of that same May, BTC tumbled to just around $30,000 per coin, liquidating many investors over the course of a single day. Like you’ve been warned, this is a volatile asset, and one important best practice to keep in mind is to never leverage your BTC purchases.

However, despite it’s ups and downs, if you are to “zoom out” and look at the BTC price over the course of its short twelve-year lifespan, you will find that its value has consistently risen on average by 200-percent per year. No asset on the planet can possibly give you those kinds of returns. It also gives you an idea of how much buying power the asset might one day possess.    

Properties Already Purchased with Bitcoin

Despite Bitcoin not being a real currency, it is however slowly being accepted at some shops around the globe. You might actually be able to purchase a candy bar after all! These shops might sport some signage outside, the words “Bitcoin Accepted Here” printed on it.

Some famous sports figures have insisted on being paid in Bitcoin rather than fiat currency also. That in mind, it was inevitable that Bitcoin might be used to purchase real estate.

Not long ago, a Bitcoin transaction for the sale of a new custom-built home in Texas was made. According to the broker, said transaction went quite smoothly.  

“In all of my 33 years of closing transactions,” the broker said, “I honestly couldn’t have expected something so unique to go so smoothly. In a matter of 10 minutes, the Bitcoin was changed to U.S. dollars and the deal was done!”

How did the seller do it? He converted the BTC into USD by using BitPay.

Similar residential and commercial property purchases using Bitcoin are said to have occurred in Lake Tahoe, California, Notting Hill in England, Dubai, and other counties around the globe.

But is BTC the dominant form of currency when it comes to real estate purchases? Not by a long shot. But the digital asset is still very young as it approaches its thirteenth birthday. Like many teenagers however, it remains very volatile. But given time, and the rapid depreciation of the dollar, it could be the only way you buy a house.  

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May 20, 2021, 9:59 am

Things You Absolutely Need to Think About if You Gamble with Cryptocurrencies

by: The Financial Blogger    Category: Make Money Online

You must have been living under a rock if you haven’t heard terms like Litecoin, Bitcoin, Ethereum, blockchain technology, or cryptocurrencies. These terms are so common today and have made their way into the common public vernacular. 

What you may not know by now is that the cryptocurrency gambling scene has been in existence for quite some time. As a matter of fact, it has been there since the introduction of these digital coins.

Today, there are so many online casino sites where you can make withdrawals and deposits in cryptocurrency, with other brands letting you gamble in crypto denominations. So, why there is a really fast rise in the usage of cryptocurrency in the gambling world? 

The reason why fiat currencies are being replaced by cryptocurrencies is that they provide a lot of benefits. These advantages include anonymity, higher security, minimal fees, faster withdrawals, as well as the ability to avoid regulations and gamble in any destination.

So, cryptocurrencies are not only making online betting more accessible but also more appealing. Still, if you want to start gambling using cryptocurrencies, what are the things that you need to think about? Read on to learn more about gambling with these digital currencies.

Image by WorldSpectrum from Pixabay

5 Factors to Consider if You Gamble Using Cryptocurrencies

According to the New York Times, cryptocurrencies may have revolutionized the gambling industry. Still, this does not mean that it is a form of payment to use blindly while gambling.

It is always essential to get your facts right and do your due diligence before joining the bandwagon of people gambling using cryptocurrencies. There are so many factors that you need to consider before gambling using Bitcoin. 

Besides, there are so many risks involved, and you need to be aware of them. So, what exactly are the aspects that you need to learn? 

Be Aware of the Risks Involved

Of course, owning cryptocurrencies and online gambling come with some considerate risks of their own. The majority of the serious concerns with online gambling involve the safety of your personal credentials and security of your financial accounts that are linked to the online casino. 

Luckily, using cryptocurrencies as the main method of payment minimizes the risk. Still, you need to know that Bitcoin is quite a volatile currency. So, its value changes several times a day. While it may stay within a range during particular times, there are other times when it plummets or spikes. 

According to the Wall Street Journal, the biggest worry a lot of people have is that the coin will go below the value that it was purchased for, meaning that they will lose the money put into the investment. Besides, cryptocurrency transactions are uninsured and irreversible due to the blockchain as well as the currency’s unregulated nature. 

Making an accidental transaction, or another person accessing your wallet, transferring all of your Bitcoin to their wallet means that you will most likely never get it back. So, every transaction made is final as a result of the blockchain’s structure. 

You cannot tamper with blocks once they have been added to the chain, meaning that a transactional reversal is impossible. So, you need to understand all the intricacies of gambling using Bitcoin. 

Make Sure That You Select a Suitable Bitcoin Wallet

In a case where you are using or buying Bitcoin, it is important to have a safe, secure, as well as accessible wallet. Based on how often you visit online gambling sites or intend to use Bitcoin to gamble online, your wallet needs will vary. 

The types of Bitcoin wallets range from ultra-secure to ultra-accessible, and your priorities and habits will affect the compatibility of your wallet. If your wallet is easy to access, then there is a higher chance of exposing yourself to theft and hacks. 

Still, you can make use of a wallet structure, maintaining an offline hardware wallet and an online one to easily access your Bitcoin for the intentions of betting as well as collecting payouts. There are several types of wallets to select from, including online third-party, online, and hardware wallets.

Use Only Trustworthy Bitcoin Gambling Sites

The most important thing before you start is to have a handle on what cryptocurrencies are, how they work, and what is needed in order to start gambling using Bitcoin. Once you get this, you can start searching for particular online gambling sites to use. 

You shouldn’t take this lightly since you’re putting your hard-earned cash in the form of digital currency into the hands of the gambling site. Still, sites haven’t been created equally, and there is a serious concern on the number of potential untrustworthy or scam sites in operation. 

While being anonymous and unregulated is among the reasons why Bitcoin is loved, this also makes it easy prey for scammers, so the chance of the culprit getting reprimanded or caught is minuscule. You’re looking for a fun and risk-free Bitcoin gambling experience without having to stress if your wallet, as well as your personal credentials, are safe. 

A reliable online gambling site, like Ignition Casino, should have been there for a long time, have an incredible reputation and a trustworthy history, making it one of the best sites for gambling using cryptocurrency. You can check out this review from OnlineCasinoGems.

Track the Value of Bitcoin

If you intend to gamble with Bitcoin, how about making a commitment to yourself to check its value at least once daily. There are so many sites that will show you the present value and chart of how it’s moving at a particular time, as well as the amount of Bitcoin circulating.  

According to the Washington Post, you don’t need to sell or trade Bitcoin to keep track of it; instead, you need to do this in order to understand how much you’re betting as well as your present wallet total at the start and end of each day. Besides, even though it may be intangible and doesn’t physically represent currency, Bitcoin is still an asset where you’ve placed your hard-earned cash into, meaning that it has to be treated as such. 

So, it would be best if you tracked it for tax purposes as well. The IRS has made it compulsory to report all types of bitcoin transactions despite their value. So, you need to keep a record of all your Bitcoin transactions, including gambling, since it is a form of bartering. 

Make Use of Provably Fair Gambling

Provably fair games are completely exclusive and unique to online gamblers using major cryptocurrencies. They make use of blockchain to show both the site as well as the user that the game was fair and not distorted in one way or another.

If you’re concerned about whether the game is rigged or not, then this is a great chance to take advantage of cryptocurrencies to play your favorite games without stressing about being ripped off. It works by publishing every action taken by a site in a particular game using open source algorithms.  

So, the user gets to see whether there is a fair outcome and that there were random odds just like playing at a land casino. Besides, each game has its own algorithm and code to determine fairness since various games need different processes. 

You may always try Slots.lv since it is famous for using provably fair gambling while betting using cryptocurrencies. For more information, you can check out this review from Weeklyslotsnews.

Online Gambling Using Cryptocurrencies

Using Bitcoin to gamble isn’t really different from gambling using traditional currency. Still, you need to take certain precautions to prevent easily avoidable mistakes.

Following this guide should help you understand exactly what you need to know before gambling with cryptocurrencies. Most importantly, you need to know the present value of the currency; otherwise, you won’t have an idea of how much actual money you’re either losing or winning.

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