Notta Lotta Money


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” A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.”

– Suze Orman

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Make money selling photos online Like taking pictures with your phone?  Why not turn it into a money making venture and possibly making some recurring income from those awesome photos you’ve been snapping for the past few years.  There are several websites that you can sell you photos on.  Most of these you’ll get paid each time someone downloads the picture.  There are a few general rules you’ll need to know when you get going like for instance, if you want to sell pictures of people you’ll have to get a signed release from them.  Another thing you’ll have to watch for is the use Continue Reading
Investing in Dividend Stocks for Residual Income   One of the easiest ways to get started earning some residual income is investing in dividend stocks.  There is a little work to get started though.  You have to get a broker, find some stocks and then be patient as you wait for that quarterly or sometimes even annual dividend. Choosing the right broker can have a great impact on your experience investing in any kind of stocks.  When you choose a broker make sure you understand what the costs involved are.  Most online brokers have relatively low fees.  Still make a quick assessment of how the fees might affect your Continue Reading
Tweeting, A Residual Income Idea Tweeting for cash?  Really?  Yes!  You might not think its one of the top residual income ideas but let’s take a closer look at the possibilities.  This will take some work to get to the point that you are really earning some recurring income from tweeting but it is possible. Build a Following One of the first things you need to do before you can even really think about creating any type of online income from tweeting is to build a following.  There are a number of ways you can accomplish this.  There are services that will build your account for you, Continue Reading
Writing for Revenue Sharing Sites, Getting started in 5 Simple Steps   Want to earn a little extra with your writing skills through revenue sharing?  There are a number of websites online that will let you write content and share in the revenues they earn.  There are few different varieties from sharing a percentage of the revenues, to paying for the number of page views, to sharing the opportunity to earn commissions from affiliate links.  Which one is best for you?  Well, it depends on where you are starting from.  We’ll take a look at it from a newbie’s point of view.  Here’s a few simple steps to get you started writing Continue Reading
Hubpages Review, a revenue sharing site If you’ve spent any time looking for revenue sharing sites online you’ve probably come across Hubpages at one point or another. Here’s a quick hubpages review of what you can do on the site and how you can earn some extra income writing articles or hubs from this revenue sharing site. What is Hubpages? Hubpages is a site where you can write articles and earn some extra income along the way.  Hubpages refers to these articles as hubs. It sounds pretty easy, but be prepared to put in some work to get to the point you are actually making some income.  It’s like Continue Reading
Writer Town Review, a revenue sharing site The first thing that catches your eye is that you can earn 100% of the ad revenues from your articles.  I admit that is what caught my attention anyway.  So I thought I would write a Writer Town review. Take a look and see a little more of what this site is about. Worpress Platform Writer Town uses the popular Wrodpress platform to manage it’s content.  For some of you that may not mean much but for those of you who have blogged at least a little here and there will know it’s really easy to use.  Writer Town has customized it Continue Reading
Creating a Family Budget Things are Tight, It’s Time to Take Charge We’ve all been there, it is a week before payday and the checking account is empty. For some, it means dipping into emergency savings for the week, but for many Americans it means pulling out the credit card to survive and wondering how they spent their money so fast. Then it happens over and over again. Every family needs a budget to learn to take control of their finances and end the stress!   Creating a Family Budgets, Every Family Needs One. One of the most critical components to running a successful business is to create Continue Reading
How to Compare Balance Transfer Offers   It happens to the best of us, we take a vacation, buy some Christmas gifts or maybe even just had an unplanned emergency and now you have a balance on your credit card. You are probably realizing just how much you spent and are looking for a low-cost way to pay off the balances over time, or maybe you are just tired of paying that high rate credit card. You get balance transfer offers in the mail and can find them online all the time, but how do you know which offers are the best? Here are a few steps Continue Reading
Bubblews Review, a revenue sharing site **UPDATE** As of November 30 (and probably before I haven’t been to the site for a couple of months) the site has shut down.  The only page you can access is the home page which now gives you the following message: Greetings, After being up and running for almost 3 years now we regrettably need to inform you that we will be shutting Bubblews.com down. The climate for display advertising has drastically changed and made it impossible for us to sustain the business model and operations. We want to thank everyone that was a part of this journey. We wish you all the Continue Reading
DailyTwoCents review, a revenue sharing site DailyTwoCents is a revenue sharing site that is pretty easy to get started with.  Here are a few things you should know to help you get started earning when you write. WordPress Platform Dailytwocents.com works on a wordpress platform.  For those of you who have a wordpress blog the transition will be really simple.  It is just like using wordpress for your own site, however more limited to just what a contributor can do. Automatic Publishing When you first start your article are held for a review.  However, once you’ve published a few articles without problems you can be granted author status and then Continue Reading
How to Create Two Incomes from One Stock Have you ever wondered if you are maximizing your investment income?  I will show you how you can create two incomes from one stock, maximizing your return while waiting for the growth to occur. You can do this with dividends and options. Open an online brokerage account and get approved to trade options. This is a simple process, which can be done online. The application has a section to apply for options trading. Some brokerages will approve the account instantly. Fund the account with enough money to buy at least 100 shares of stock. The amount will vary, depending on the stock Continue Reading
6 Tips for Buying a Home at a Foreclosure Auction With all of the foreclosures that are taking place, many people are looking to take advantage of purchasing a home through the foreclosure auctions. However, the process is not always as simple as it may seem. Keep in mind there are many pitfalls so like they say, “buyer beware”! Here are a few tips to help you make sure you are really getting a good deal when buying a home through the auction process. Get a list of properties for sale. You can do this by contacting the trustee of the sale. Often times there will be many properties for auction on Continue Reading
Types of Credit Cards Getting ready to apply for a credit card?  There are all types of credit cards that can help you with your needs.  Once you determine your purpose and define what you want to use the card for you’ll be able to find the type of credit card that works best for you.  To help you out, here are the main types of cards and generally how they work:   Rewards Credit Cards There are all types of rewards cards out there.  If you are a traveler, there are those types of cards that pay you airline miles or hotel points.  Other types of Continue Reading
Rewards Card - Which one is right for you?   Understanding Rewards Credit Cards A credit card is no longer “just a credit card.” Choosing a credit card today requires a person to look at one’s lifestyle. At one time, the card was simply used to purchase everyday items, like food and gas. Rewards credit cards are like opening a Pandora’s Box. You are inundated with TV ads in your living room, radio ads in your car, and pop-up ads on your computer. They all have some type of bate on the hook to get you to sign up. The type of rewards offered is as varied as any supermarket. Do you Continue Reading
Loyal3 Review Follow up   About a month ago I wrote an article about Loyal3 a site where you could buy and sell stocks with no fees. I thought it was a pretty cool idea and decided to try it out. You can read how it works here: Loyal3 Review. I bought $50 of Kellog stock with my credit card. As far as I know this is the only place you can actually buy with your credit card. My goal was to make a purchase, then sell the stock and pay off my credit card avoiding any fees or interest. So I purchased the $50 of kellog Continue Reading
Buy Stock with no Fees, Loyal3 Review The other day I was reading about different ways to maximize your credit card rewards. I don’t remember the site, but there were some pretty creative ways to build your points. One of the ways was to purchase stocks with your credit card. Normally this isn’t possible so I decided to look into the idea a little more and ended up on a site called Loyal3.com. It was actually a pretty cool idea and it turns out you can really purchase stock with your credit card, albeit only $50 at a time.   I was more interested in the idea of how Continue Reading
My Disney Credit Card, I My Disney Credit Card, I’m racking up the points. I have a Disney credit card and this month I’m  getting a bunch of Disney rewards dollars.  It’s both exciting and depressing at the same time.  The depressing part is that I’m putting so much on the card because I have to pay for some medical expenses (a lot of medical expenses) and will probably have to continue to do so for a while. Disney Credit Card Rewards The good part is that as I put some of the charges from the hospital on the Disney credit card I get Disney rewards points.  It Continue Reading
I want to save a million dollars, how long will it take? Do you want to save a million dollars?  Do you want to know how long it will take you.  I asked a financial advisor once and got the following response, “It depends.”  If you really want to save a million dollars it really does depend on a lot of factors.   Wouldn’t it be nice if you could save a million dollars by just taking a number of dollars and putting them in the bank.  I guess you could, but but when do you want to get to that million dollar mark?  Is it by age 65 when you want to retire Continue Reading
How to get the Highest Guaranteed Rate of Return Ever heard of those special investments that only certain investors can get in on?  You know the mysterious ones that make the rich get richer leaving out the little guy.  What if I told you there was a way to get the highest guaranteed rate of return, something as high as 12% or more?  Well I have one of those for you here, and most likely it is exclusive of the wealthy people.  That’s right, most of those wealthy people can’t take advantage of this opportunity.  This particular investment is designed for the average American and you are guaranteed the Continue Reading
Passive Income Ideas, Selling Covered Calls. Looking for a way to add a little extra passive income to your earnings?  You may already have everything you need to get started in your investment account already.  Writing, or selling, covered calls can be an excellent way to add a little extra income to your portfolio in a sideways moving market.    Selling Covered Calls – What you need Before you get started with selling covered calls you need to understand a few basic things.  First, you have to own at least 100 shares of a company’s stock for this to even be possible.  Second, the stock you own has to Continue Reading
Southwest Credit Card Member Perks Southwest Credit Card – A Must for Travelers It’s safe to say that more and more people are starting to fly Southwest. Do these travelers realize the perks that they may be missing out on by not having a Southwest credit card? Let’s take a look at the Southwest Airlines Rapid Rewards Premier Credit Card. You will quickly see that having a Southwest credit card will have both immediate and long term benefits for you and your travels! Southwest Credit Card Basics – Rapid Rewards Premier  Higher rewards rate than most airline credit cards 2 points per $1 spent on Southwest Airlines and AirTran Continue Reading
Negotiate a Lower Credit Card Interest Rate In 5 Simple Steps Looking to get a break on your credit card interest rate?  Most people are.  Times are tough and sometimes you have to carry a balance, but it doesn’t mean that you have to pay an outrageous rate that the credit cards love to charge you.  Here are 5 simple things you can do to get a lower rate. Step 1 – Ask for a lower rate You have the number right on the back of your card so why not call and ask for a lower rate. Believe it or not, this is one step that will keep many people from ever Continue Reading
Pinching Your Pennies for Profits Are you pinching your pennies?  I hear the saying all the time from people in all walks of life, but does it really matter that much?  Can pinching your pennies really make a difference in your personal financial life? Let’s take a look. Where to pinch your pennies To start off let’s look at habits people have that can be categorized as optional spending.  I know, some of thing on the list may not be optional to you and each person has to make that decision for himself or herself.  So here we go, things people do on a daily basis that Continue Reading
Get out of Debt - 7 Tips to Help You Succeed. Tired of being strapped with debt? I know I am! Many people are in this same situation, feeling strapped with debt. With the uneasiness of the world economy, even those who were living comfortably a year ago are feeling the pressure of this recession. It’s time for you to start living your life differently and preparing for the future by becoming debt free. Life changes when you have no debts so here are tips to help you get out of debt. Tip # 1. Spend less than you make. I had to put this first. After all, everything hinges on this Continue Reading
Winning the Credit Card Game Playing the credit card game? Are they traps or tools?  I’ve been there before and I imagine if you own a credit card you’ve been there too.  Here’s what happens, you get your credit card statement in the mail and to your surprise (usually after the holidays or vacation) you find the finance charges are almost equal to the minimum payment you are required to make. Here comes the frustration and as it sets in you come to the realization that if you make the minimum payment you may never pay off your debt.  That’s exactly what the credit card companies want Continue Reading

 

Winning the Credit Card Game


Playing the credit card game? Are they traps or tools?

 I’ve been there before and I imagine if you own a credit card you’ve been there too.  Here’s what happens, you get your credit card statement in the mail and to your surprise (usually after the holidays or vacation) you find the finance charges are almost equal to the minimum payment you are required to make.

Here comes the frustration and as it sets in you come to the realization that if you make the minimum payment you may never pay off your debt.  That’s exactly what the credit card companies want you to think.  They want you to give up and lose the credit card game.

credit card gameNow is the time to change and turn the credit card game in your favor.  For decades, credit card companies have been preying on consumers and taking advantage of them. It’s time to learn how to take advantage of the tools they offer and become one of the few who profit and benefit from using a credit card.

 Credit cards have great tools to offer the savvy consumer. Let’s take a look at how to use things like online payment programs, cash back programs, balance transfer programs, and other rewards programs for you to benefit from.  Be careful with these because they can also be the trap.

 

Balance Transfer to get a lower rate.

If you have a card with a balance, the first order of business is to make sure you have the lowest rate possible. Most credit card companies play the credit card game when they offer an introductory rate or even a very low fixed balance transfer rate. If you already have a card with a zero balance check to see if a balance transfer is available.

 Careful though, if you want to win the credit card game, never transfer a balance to a card that already has a balance. Most credit card companies apply your payment to the balance transfer part of the balance first, leaving the higher interest bearing charges to continue to accrue and compound at the higher rate, sometimes over 20%!  If you do not already have a card available you can find a great balance transfer offer at smartbalancetransfers.com.

 

Man vs machine, set up automatic payments

Once you have your balance at a reasonable rate you should set up an automatic payment to make sure you always keep current. One of the biggest money makers for credit card companies is the late charge. It can be as high as $39 each month. This is huge for card companies. Imagine, a credit card company can easily have 10 million customers. If 10% of those made a late payment each month that would be $39 million that the card company earns each month. Anyway, you get the idea, the credit card company will definitely get their money not to mention they will not hesitate you raise your rate as fast as they can.

Trust me, I have personal some experience with this one and I was only a week late. It wasn’t even long enough to affect my credit, but the card issuer raised my rate to 24.9%. Luckily, I was able to immediately transfer the balance to another card at 3.9%.  Lesson learned!  Always set up an automatic payment, it’s like putting another player on your team to help you win the credit card game.

 Most companies will let you set up a payment online and you can schedule your monthly payment to happen automatically. If you carry a balance, at least set up the minimum payment, but if you can the entire balance each month do it! Either way, you will avoid the late charge and the costly penalties that come with it.

 

Saving is earning, the highest Guaranteed rate of return you’ll ever have

interest rate

Think of it this way, is there any investment you can think of that will give you a guaranteed rate of return?  I can only think of a few, CDs at banks, maybe an annuity (but at a high price), or maybe some government bonds.  Do you think any of those will pay as high a rate as you are paying on your credit card?

 The average rate most people pay is somewhere between 12 and 15 percent.  If you pay down your balance you are guaranteeing your rate of that 12 to 15 percent.  It’s money that you just lose if you try and save it somewhere else without taking a lot of risk.  Each time you make an additional payment on the principal you are putting that 15% back into your pocket.

Show me the money!

Who says you can’t have your cake and eat it too? After mastering the basics of credit cards it time to maximize the benefits. It’s almost unheard of to have a credit card that does not offer some type of reward.  American Express and Discover are famous for their cash back rewards. Citi and Chase have excellent point systems to earn gift cards, travel vouchers, electronics and almost anything else you may want.  There are also rewards cards to help you earn benefits for specific brand like the visa Disney credit card.

Which ones are best for you? Well, like with most things the answer is it depends. If you travel extensively, you would probably want one that pays extra points or rewards for airlines and hotels. If you spend a lot of time driving you would want to get a card that pays extra rewards for buying gas. If you look around you can find cards that even give extra rewards for shopping at grocery stores.  Play your cards right and you’ll be winning the credit card game in no time.

More great credit card articles on NottaLotta®