Is Your Investing Turning Into An Addiction?

Investing your money in worthwhile ventures and investment vehicles is a worthwhile pursuit. The desire to see your money grow and to secure your financial future is normal and encouraged in most cultures. Is investing turning into something that is out of control? Is your pursuit to leverage your savings to make more money turning into an addiction that borders on something unhealthy?The rush of having an investment pay off is exhilarating. The adrenaline rush that you get when you cash out along with all the other emotions that go along with seeing an investment through to its conclusion can be addictive. The nervousness of your entry into the market gets your heart beating. Your nervousness as you watch your investment by the hour and then the thrill when you see your money literally growing can rival any thrill imaginable in this world.On the other hand, there are some of us that allow investing to rule our lives. An investment pays off and we feel like a winner. When an investment doesn’t pay off we feel like a loser and we begin to chase that emotion so fiercely that sometimes thought and reason leave us and we begin down the path to addiction.If you find yourself checking hourly on your stock or the prices of gold or any other investment that you currently have money invested in then you might have a problem. You might try to rationalize this by saying that you’re keeping an eye on your investments but you probably already have sell orders and stops in place to take care of the need to keep an eye on your position every minute of the day. Obsessing about a stock or investment shows that you’re emotionally involved and a good investor removes all emotion from the investment decision.Do you find yourself constantly looking for an edge or tips for hot stocks? This kind of behavior is similar to what goes on at a race track, wouldn’t you agree? While searching for an good investment and being an educated investor is wise, looking for underground news or tips on what is going to happen in your chosen market are signs that something is wrong. That feverish feeling overcomes you and you simply must find a winner. You are willing to do anything. You subscribe to clubs and mailing lists to find that sure thing and you chase that rush.Most of us have one or two investment types that we prefer. We all have a knack for picking stocks, a feel for a certain currency pair or we enjoy investing in companies that we know a little bit about. If you find yourself chasing after profit and trying many different types of investments because someone told you that they know this particular investment is going to pay off then you might have a problem. Stick to investments that you enjoy learning about. Venturing off into uncharted territory when money is at stake is an unwise investment no matter where your information came from.Lastly, if you find yourself using money that is earmarked to pay bills or that is put aside for savings or your child’s education then there is a real problem. Stealing money from savings accounts or other investments because you lost some money on your last investment or because you feel a need to make money is a sign that there is a problem. Lying or not telling a spouse or partner about your investments and thinking that you can return the money as soon as you cash out is your investment addiction talking and no common sense.If any of these points strike home for you then you are encouraged to take a closer look at what you are doing with your investment activity. While it is a pleasant experience to make money through investing, it should never be something that is addictive or that you chase after. There are plenty of opportunities out there in investment vehicles that you are interested in. Learning about investing can be fun but chasing after money is always a bad move in investing.

Posted in investments | Tagged | Comments Off

Low Interest Rate Credit Cards – Why So Popular!

For many people searching for a new credit card online, the annual interest rate, or APR seems to be the only important factor, and many will only check out low interest rate credit cards before making an online credit card application. Credit card issuers also tend to advertise the low interest rate credit card more that any other kind of card. But should low interest credit cards be the only ones on your list when searching for the best credit card deal to suit your personal requirements? Probably not. APR is not the only thing to look for when choosing your ideal credit card.It may help if we start by understanding exactly what an APR (annual percentage rate) is and where its relevance lies. APR is quite simply the interest rate used by the issuer to calculate interest on the balance of your credit card account. This interest is then added to your monthly statement to form your new balance. Therefore a low interest credit card account would have less interest charges applied to it at the end of each monthly period, hence its popularity.However, there are those who donĂ½t really require low interest rate credit cards. This group are those who, for the most part will use their credit card in much the same way as a charge card, paying the full balance on the account on the due date each month. Remember that there are no interest charges added to your credit card account if you make the full balance on your statement by the due date. So it would make no difference what interest rate was applied if you were to use it in this manner. Therefore a low interest rate credit card would not be such an good deal to this group of card holders. These individuals are much more likely to be attracted by other card offers such as cash rewards or air miles rewards credit cards.A low interest rate credit card will definitely help to slow down the rate at which your credit card debt builds up. Thus low interest credit cards are more appealing to a particular group of people, who are confident only in making part payments on their card account balance each month.Another group of credit card applicants in search of low interest rate credit cards would be those people who are wanting to consolidate their total debt from one or more other cards onto a new credit card. In this instance a low interest rate credit card may be much more desirable, as they would typically be looking to reduce their monthly commitment, and it would make little sense to transfer the debt to a credit card with a higher interest rate attached to it.So the need for low interest rate credit cards is felt more by a particular group of credit card holders. However, it is worth remembering that a low interest rate credit card is generally offered only to applicants who have maintained a good credit rating. Obviously the card issuers will make less profit from card holders with a low interest credit card, which means that the risks involved will be increased. This is the main reason why credit card issuers will usually only offer a low interest credit card to card holders with a proven track record in credit repayment.Once you have made the decision that a low interest rate credit card would be more likely to suit your personal requirements, you will then need to take time to compare the other benefits offered along with these cards. Low interest rate credit cards are mainly split into two categories. There are the low interest credit cards which will often offer APRs of less than 8% on purchases. And, for cash advances the low interest credit card will often offer APRs of 10% or less. Then there are certain rewards programs attached to some cards which offer cash back rewards on all purchases, gas or even office supplies. Cash rebates are usually automatically credited to the cardholder’s statement each month, and there is no limit to the amount of cash rebate that can be earned.There is one thing you must always do regardless of which low interest credit card you choose to apply for. Read and make sure you understand the small print with regard to the contract you will be asked to sign once your application has been accepted. Be aware not only of the interest rate (APR) attached to the low interest credit cards you may be considering, but for how long will this lower interest rate continue. Is it likely to rise to a higher rate after a given period of time? A variable rate card is often offered with a low introductory rate, but this rate can increase at any point in time. You must keep in mind that the APR is actually where the credit card company earns their profit. If they were to continue offering card holders an extremely low APR indefinitely, the chances are they would not stay in business for too long.Remember, it is definitely worthwhile your effort in researching the various credit card options available, taking advantage of website comparison charts etc. Should you choose a low interest credit card, do the math and choose well. After all, it’s not every day you go searching for a credit card.Trevor Taylor

Posted in credit cards | Tagged | Comments Off

It Takes Time to Make Money Online

Yes, it takes time to make money online I want to be completely honest with you about how long it takes to make money online with your blog. If you are looking for a business where you will be able to make some quick money within the next few months this might not be the business for you.You have to understand that the principles and work ethic for making money online is no different from working offline. You need to know that this business is not a get rich quick one therefore it takes time to make money onlineI will explain to you why making money online takes so much time before you start making some money. I think some people are under the impression that you can start a blog and within a few months, be able to quit your full-time job. It has happen in a few instances but for this to happen you have to be prepared to put in extra work and stay focus.When I started blogging five years ago I was of the illusion that I could work two hours per day and at the end of the month money would come rolling in abundantly. Well face it that was what I was told, almost all the bloggers made it felt like a Sunday evening stroll in the park. They failed to tell me that you can in fact work two hours per day and the money would come rolling HOWEVER I had to put in the initial work (sometimes 10-15 hours per day) to get the website off the ground. After you have established your blog and you start getting traffic then you can start relaxing a bit and reap the fruits of your labour.It takes time to make money online one of the prerequisite is patience and a lot of time. You will not become a millionaire overnight. So if you visit another site where they promise to make you rich within the next year believe me that is a load of crap. You need to realize that making money online takes time and you have to work for months and sometimes years, depending on how committed you are, before the money starts coming in.Here are some reasons why making money online takes time. There is No Right FormulaNo blogger or internet marketer has the “right formula” to make money on internet. There are some basic principles that you have to follow if you want to be successful however, every blogger has their own way of applying these principles.There are a lot of trials and errors that is why you have to be committed to the work. One formula might work for me and it does not work for you I think it is like parenting every parent have their own style but the end result could be well disciplined and productive adults. It is the same way with your blog you have to learn the principles and apply the one that works best for you.Anyway you don’t have to feel discouraged I have been there I will work with you sharing all that I have learn. Once you get the knock of it, its smooth sailing. Yes, you can strategize and make plans but there is no blueprint that you could replicate to make money. Lack of Understanding about the InternetAnother reason why it takes time to make money online is lack of understanding about the internet. New bloggers usually find out that there are so many things they need to know and how to find their way around.There is the risk of information overload absorbing so much content on the internet can be very difficult. So it could take months to figure out what you need to read and what to ignore. It is best to be specific in your research or you could end up spending an entire day on the internet without achieving your goal.Lack of SEO TechniquesI am sure you are going to ask what is SEO? Well SEO means Search Engine Optimization. In simple term it is the ability to give your articles excellent titles which will ensure that when someone is searching the internet for the subject matter you are writing about your website can be found in search engines.If you want to make money through blogging or affiliate marketing then you need to have an understanding of SEO techniques. SEO is a vast area and no one can completely understand it, even an expert. But SEO is very important if you want some traffic coming on to your blog or website.Adjusting to Technological ChangesAdjusting to technology changes can make it a bit difficult and be one of the reasons why it takes time to make money online. You have to become technology aware and understand about technology as soon as possible. Learning about Internet browser, gadgets, apps and other software takes time.Building a Brand so Your Blog or Website will Stand OutFinally you have to build a brand name for your blog online and building a brand takes a lot of time. You have to be committed and take the time out to careful set yourself apart from your competitor. You have market your brand so that visitors will be attracted to your website.Developing a brand takes time so you have to be patient.So as you can see these are a few of the factors, including many other which you will discover as you go along, that slow down the process and makes it take time to make money online. You have to be open to learning new things daily and this is definitely going to take time for you to put them into practice. All that being said it is not difficult and certainly not impossible for you to make a lot of money online.If you have not started your blog as yet it is now time for you to start. You just need a lot of patience before money starts coming.

Posted in Money Online | Tagged | Comments Off