Here’s a guest post from a fellow blogger who is truly inquisitive about the economy, stock market, and all things financial. Investment terms can be overwhelming and hard to understand, but if you study up on just a few terms a week, you can become a savvy investor in no time — or at least you can talk like one!
Learn New Wall Street Terms
This latest downtrend or recession has taught a common man many new financial terms. These terms are not new to the financial sector, they were just buried under the good economy for some time. Now, they are becoming part of our everyday conversations.
1. Ponzi Scheme: A Ponzi scheme is also known as a pyramid scheme. It’s a fraudulent investment plan promising very high returns to investors from their own money or money paid by earlier investors rather than from any actual profits earned. One common way for the Ponzi scheme to attract investors is with the promise of high short term returns. This scheme was named after Charles Ponzi who made this scheme popular in the 20s. Thanks to Bernie Madoff this scheme was brought again into the limelight!
The US Federal Trade Commission says that because of the pyramid’s very nature, at least 70 percent of those who invest in a Ponzie Scheme will NOT see any returns and will lose their investment. It is mathematically impossible to recruit enough investors to pay out to all levels of the pyramid. (more…)
Here’s a post by a frequent visitor and good friend of MomsCashBlog who formerly had a blog known as consultelaine and who now has a blog named Bohemian Things. She shows us how sometimes we end up in a totally different place from where we began and just the process of starting a blog can get things rolling in the right direction. It’s a great story about finding your rightful place on the Internet and following your own heart.
The Life of One Blogger
by Elaine Murphy
When I first started blogging (again) my intention was to use my blog to make a profit. I will be the first to tell you—pick a subject that you have something in common with. Picking a subject you’re interested in, interested in learning about, or a subject you are already passionate about is a good way to go. This way you would avoid getting bored and run out of things to blog about. Okay, I got it.
As luck would have it I stumbled upon MCB free wordpress blog tutorial. The tutorial was very influential in helping me get set up with my first wordpress blog. Within no time I had a blog ready to go. Things were looking up!
My passion is hair. I love doing hair, and talking about hair. Although I am not a licensed cosmetologist, heck I could pull it off…easily. This was a passion of mine since I was a child so I naturally started to blog about natural hair care. Easy enough, so I thought. Let’s get started.
My blog talked about the latest hair trends, recommended products, and celebrities with natural hair styles. Whatever pertained to natural hair, I wrote about it. Things were starting to change — I was distracted by the template, and started wasting hours nitpicking and altering it out of boredom. I found myself changing templates more often than I would post. It was then that I realized I did not want to talk about hair every day. I asked myself…what is going on here? I became disenchanted with chasing a way to make money online and took a break from it all.
“I quit”, I told myself. Shortly thereafter I removed the blog. Here’s the irony—the blog was not, nor was it ever, about the hair. What I was essentially doing was finding someone else’s products to sell and incorporating that into my natural hair care blog. This wasn’t working for me… as much as I enjoyed talking about hair it did not seem like that’s what my blog should be about. Blogging became tedious and exhausting for me, and I did not know what I was doing. I quickly found out that I needed to learn a few things about the business…SEO, (search engine optimization), key words, Google Adsense, strategies, tips, tools, etc. I felt this extra stuff was keeping me from enjoying the process. This route took the fun out of a passion, a love I’d enjoyed all my life and still to this day. I needed to go back to the basics.
One day I received an email from JJ inquiring about my now non-existing blog—she had been keeping her eye on me and wanted to know what was happening with my blog. I had explained to her it was temporally down and assured her that I did not give up on blogging. I did not want to admit to her that I did stop. She had always encouraged me to keep trying and to stay in the online business.
Then on January 14, 2009, I popped over to MCB to get my weekly fix of encouragement and what was the title of the blog “Start a blog today.” I truly felt like it was written with me in mind. I decided to give it another try. I had missed blogging.
I would blog again only without pressuring myself to make a profit with affiliate marketing. I changed my outlook and the course of my blog… it evolve into an extension of who I am and what I do. I would write about me and my creative process and my own products instead of selling for someone else! I am an artisan. I find great satisfaction in creating with my hands, and blogging about the things I create. I create whatever my heart desires.
Now I maintain a blog showcasing products I enjoy creating. I joined a great community of like-minded crafters and artisans over at IndiePublic. I create products that are an extension of me, products I would be proud to promote. I have a shop set up on Etsy “a place to buy and sell all things handmade” were I sell my Bohemian Things with no pressure whatsoever. I truly love blogging and I never run out of ideas for a post because I am consistently creating and that’s what I found I was meant to blog about.
Had I not stuck with it, I would not have received this wonderful opportunity to share my creativity online and also have a guest blog here at MCB about “The Life of One Blogger”.
Thanks JJ. I owe it all to you.
The e-mail that accompanied this post made me really appreciate the many kind and wonderful people I’ve met with this blog… and there’s a lot of them! Of course there were some jerks in the beginning, but I don’t even remember their names. It’s the good ones that make a lasting impression on me and this guy, Sean, is one of them! Here’s an excerpt from his e-mail:
“I don’t even have the time or money to invest into the website I was building, but I checked yours and saw that you were sick. It reminded me that money isn’t everything and health is the most precious thing. I wanted to pay my respect by making a post. I know this economy is full of negativity. It only takes a change in prospective for people to appreciate what was right there in front of them from the start.”
This guest post is a thought provoking op-ed (opinion editorial) about America in a time when it’s so easy to feel negative about our circumstances. After the touching e-mail, I had to know more about Sean and I asked for a bio. As it turns out, Sean’s bio is an interesting story all on it’s own. He was a successful day trader who lost EVERYTHING in this economic downturn! He’s only 22 and full of ambition, with an attitude like his I have no doubt Sean will succeed in whatever path he chooses.
Thanks Sean, I’m so glad to have met you! (more…)
Guest Post: Written by “Shine” who helps people suffering from bad credit or debt and other various financial problems with her blog.
Debts ruin your financial stability. Although falling in debt has become a very common phenomenon these days, you should try and avert falling in a debt trap. It affects your credit score and reduces your chances of getting credit with suitable terms in future. If you are in debt don’t wait for the collection agencies to call you or for your creditors to file a lawsuit against you. Order your credit report from the credit bureaus as you are entitled to get a free copy of your credit report once in 12 months. If you find any discrepancies report the same to the credit bureaus.
There are many debt solutions you can avail if you are in debt. Debt consolidation, debt settlement, debt management plan etc are some of the solutions that can reduce your debt load. A credit counseling session can help you to decide exactly which debt relief option is appropriate for you depending on your needs. Given below are 2 of the widely availed debt solutions.
Consolidating all your debt accounts into a single account may be referred to as debt consolidation. There are 2 ways in which you can address your debt problems by consolidating your debts. One is by availing a debt consolidation loan and the other way is through a debt consolidation program. If you are enrolling for a debt consolidation program with the help of a debt consolidation company, it becomes easier to handle your debts. A repayment schedule is worked out and you are expected to make payments according to the new repayment schedule. Your monthly payments get reduced as a consequence of reduced interest rates. You can make payments as per your convenience. (more…)
Thank you for your well wishes to JJ. She has read them all and she was touched by your caring words. She’s doing better but it’s going to take a while for her to get back on her feet again and able to get back to blogging. I will be helping her as much as I can when I’m not working but I have a very busy schedule right now. In the meantime, while JJ is still recuperating she said she’d welcome some guest postings for MomsCashBlog.
So any blogger, or non-blogger who want to write a post to help JJ out can send it by e-mail to email@example.com and we’ll look it over and put it up if it’s appropriate. Please keep the topics to something helpful for bloggers and/or about ways to make money online, or anything that might be newsworthy on MomsCashBlog.
Thank you for bearing with me. JJ will be back here soon and I still plan to help her out with the blogs. I’ve been talking to her only by phone for this week because I have a cold. She’s just had a couple of blood transfusions and is still quite weak. The last thing she needs is to catch a cold from me.
Hi, I’m a friend of JJ’s. Some of you who have read the comments on Moms Cash Blog know that JJ has been in the hospital since January. She had a bad case of kidney stones and was in unbearable pain. While in the hospital her blood pressure went up very high and she stopped breathing. They had to resuscitate her, put her on a respirator and then put her into an induced coma to save her organs. She was in the coma for 5 days and she passed some kidney stones while in the coma. They said she was in a lot of pain and the stones were blocking her kidneys so it caused her BP to go too high and made her system just shut down and she stopped breathing. They were going to keep her in the induced coma for a longer period of time to give her organs a rest, but she fought it and came out of it on her own before they wanted her to.
She came home for 2 days but was in so much pain she had to go back into the hospital and they found she had more stones. Hopefully she will soon be home for good and back on her blog. Thanks to everyone for your kind words and your prayers for JJ. I know she will appreciate it when she gets back.
I’ve gotten all of my mail out of the snowbank, and since it’s January there were some tax documents waiting for me. I haven’t received all of my 1099s for my blog income, but the rest will be coming in soon. I’ve lost quite a bit of money in stocks, but that’s just on paper as I didn’t take anything out while the stock market is down… in fact, I bought more stock in companies I am sure of and I know I’ll gain in the future. But anyways, I am actually excited about tax time this year because it means I can prove to my accountant that “You can make money with blogs”!
When I bought MomsCashBlog, I had to tell my financial advisor about it since she holds most of my money. I knew she would not understand or agree with my decision. I met her when I was on the Trade Commission in an affluent city where I was the co-owner of a retail store. She was the accountant/financial advisor/broker to all of the successful business owners on the Trade Commission, so when I decided to get serious with my money, I went to her. It didn’t take me long to realize how she made everyone else so wealthy… she doesn’t let her clients spend money! lol She makes them put everything away and invest it, and weighs every decision for it’s potential risk before she makes a move.