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Have You Heard From this Dot Com?

Posted Sunday, March 20, 2011 by momscashblog | 12 Comments so far
Over the past few years momscashblog has written several posts, about making money online by selling used or new books. I’ve always believed that this is a great way to make money online & out of your home without too much of an effort.  We know that  everyone loves to read and that many love to collect books.

In those past posts that I had written momscashblog.com/2009/08, I had always recommended one particular online book store that was family owned, in a college community. CkyBooks.com sold and bought text books, a great way for students to make money and get rid of any other books that were accepted with ISBN no.s. Several MCB followers have started dot com book stores and are doing quite well from what I’ve read in their emails.

It is with regret that at this time I feel I should report that I’ve had no correspondence with CkyBooks since around October-November 2010. At that time I had received an email from one of the owners at CkyBooks, regarding a payment that was owed to me. In that same email they were excited to tell me that they were going to be joining ShareaSale.com Affiliate program, and that it should be a better fit for everyone all around. They recommended at that time to sign up as an affiliate with ShareASale. As of today’s date after many emails I have heard nothing from Cky and I have not received my money as  of yet.

For those that are thinking of starting an online bookstore or have books to sell, here are a few book companies that you can check out.  Alibris.com, Abebooks and of course there is Amazon just to name a  few that are all affiliate networks. You can do some research and surely find many others that you might want to check out.

I will keep everyone informed if I should find anything out regarding Ckybooks. I’m going to also  try to get in touch with ShareaSale again, but they do not have a telephone system (only email, that’s a whole  post in itself ) but may find something out  in an email.

I do want to mention that before writing this post I did do searches for any news regarding this company CkyBooks,  if there was a family illness, a fire, (one of the owners did tell me they were moving to a bigger building) or any financial problems that could be the reason for the lack of communication. Their site shows that their archives stopped at December 2010, and the last post from what I could tell was about their company Christmas party.

I’m hoping that there’s nothing seriously wrong with the company, and that we will hear something very soon. If you are having problems with this company and are owed money let us hear from you and your thoughts on this situation, or situations similar to  these.

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Fear Driving the Stock Market

Posted Friday, October 10, 2008 by momscashblog | 14 Comments so far

We’ve seen a lot of loss in the U.S. stock market this week with the Dow going down below 9000 for the first time in 5 years. Our bad economy is having a global effect hitting the Asian markets, the European market, and all others too, I’m sure.  Despite the crisis with financial institutions and it’s effect on housing and mortgages, The Wall Street Journal and others in the know agree… it is lack of confidence that is driving this poor economy. Yes, we had problems, and we put a safety device in place but it caused a lack of confidence in people and now fear is causing more problems than we started with. t’s like when someone screams fire in a crowded building and everyone panics. They all run for the exits and people get trampled and hurt, even when it’s a false alarm.
We’re being told that we should not panic even after this “black week” of seeing the Dow go down below 9000 for the first time in 5 years. It’s hard not to panic, yet we really have no other choice but to be calm. When you’re in panic mode, someone telling you “don’t panic” just doesn’t always seem to sink in. If you think of this as the same advice they give in any emergency situation, then it makes sense. Fear and panic puts you (and everyone else around you) in harm’s way.
Recessions Can Make Millionaires!
It’s recessions (or crashes) like these that can make millionaires out of investors. If you keep a steady head and refuse to panic you can make money but you have to think long term. Warren Buffet makes his money solely from the stock market and is he letting fear dictate him in this market? No way! Warren just surpassed Bill Gates as being the richest man in the world by making over $8 billion in this past month (earnings from the end of August to October 1.) As Warren has said many times before, all we have to do is think smart and use this and every recession as an opportunity to buy low and sell high just as we are supposed to do.  He puts his money where his mouth is and he buys low (but of course low to Warren Buffett can be considered very high to the rest of us! lol) and when he does sell, he sells high. Warren invests for the long term and he doesn’t panic and pull all of his money out of the stock market while it’s down… and neither should we.
Are You Buying HIGH and Selling LOW in the Stock Market?
We all know the first rule to the stock market is to “Buy low, sell high” but historically that’s not what the average individual investor does. Most of us don’t usually make much money in the stock market because we do the EXACT opposite. Individual investors tend to only buy when times are good and they hear how well the stock market is doing in the news. As a result, they make a few bucks here, and a few bucks there but the minute the market goes down, most individual investors actually SELL their stock and get out… so not only do they not make any money in the stock market, they lose money. Then they go back and do the same thing again when times are good and the market goes up. (and it ALWAYS goes up!)

Many people stop putting money into their 401K plans, IRAs, and mutual funds when they hear things are bad in the market. When you do this, you miss out on a great opportunity to be buying stock at a low price which is the whole point of investing. If you keep putting your money into your fund regularly, you’re buying shares in the fund at a low price and that is GOOD! (You’re buying low and you’ll sell high later on!) The worst thing someone can do is to close their 401 or retirement plan just because the market has crashed. Not only do you lock in your losses, you also have to pay the capital gains taxes on those losses, and a 10% penalty on top of that! Wow, talk about a loss…

Don’t act out of fear!

So don’t act out of fear! Keep a level head and know your options.  If all of this talk about the stock market really bothers you, then just don’t look at your statements for a while. I know it sounds crazy, but that’s what the experts advise and hey, we really don’t have many other options, do we? If you’re already in the stock market you have to ride it out, and look for opportunities to buy some good stock if you have the money right now because there are deals to be had (and there will be more!). The only other alternative is to take a loss. It’s your money and your choice, but don’t let fear rule your actions.

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Suze Orman Says to Protect Ourselves in this Economy

Posted Sunday, September 28, 2008 by momscashblog | 22 Comments so far

Last week, Oprah had Suze Orman on her show talking about this economy and what we can do to protect ourselves. Anyone who’s ever seen Suze Orman knows that she’s a straight talker and uhh, how should I say this, a little scary. To tell you the truth, I don’t think I would want her as MY financial advisor because I couldn’t handle being face-to-face with her looking me in the eye asking what I spend my money on. (I know where my faults are and don’t need a lecture on it.. or do I? lol) But I understand that Suze knows what we need to do to become financially secure and even wealthy, so I take her advice to heart! Most Americans are spending money that we don’t have and there are many ways that we could cut back. We make excuses to hold onto the things we can’t afford and the time has come to “save ourselves”  as Suze says, “and save our children to make sure they have the essentials of life… such as health insurance, and not just THINGS.”
To protect ourselves in this economy we’ll have to downsize, tighten our belts and change our ways. We’re going back into a cash economy because there will be no more credit for some of us and for others, the credit we do have will be lowered and watched carefully. The institutions we’ve been borrowing from have been borrowing money to give us the loans, and they’ve been borrowing their money, and no one ever really had the money to back it up. We’ve been living on borrowed money for so long that we take it for granted and hope and pray everything works out. It’s time to get REAL and save ourselves from financial ruin because hoping and praying can’t pay the bills. We need to become proactive to survive in this economy.

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