Categories
Currency Trading

Currency – Forex Online Trading – Can Newbies Make Money With Forex Online Currency Trading?

Do you want to learn to trade in the nearly two trillion dollar a day Forex market by doing Forex online currency trading? Are you concerned because you are a beginner and you don't want to lose all your money? Are you worried that it could just be too tough to make a profit?

This mini-guide to currency Forex online trading gives you an overview of the risks and rewards of Forex online currency trading. Read it and you'll probably see that if you're willing to put in a little bit of work, this can be a great market to trade in – even if you're a newbie.

What Is the Forex and What Is Currency: Forex Online Trading?

The Forex stands for the foreign exchange. The commodity you will be trading online is currency. The Forex market deals with only one activity – buying and selling currencies for the express reason of making a profit.

When you are involved with Forex online currency trading, your money can travel around the world in seconds.

For example, when you buy (go long) a currency you strengthen that country's economic position and raise the value of their currency. If the value of the currency increases, the pip (percentage in point) goes up. The more the pips increase the more money you can make.

One of the nice things about trading the Forex is that you do not have to be overloaded with information, as you could be if you were trading stocks and bonds.

This does not mean that you should just jump in and start trading. There are still things to learn in order to be a successful trader. However, the learning curve is a not nearly as steep.

When Does the Forex Market Operate?

The Forex is in business twenty-four hours a day, almost five-and-a-half days per week – from Sunday afternoon through Friday. This means you can do currency Forex online trading pretty much according to your schedule – at any time during the day or night.

Keep in mind, though, that there are more advantageous times of the day to trade.

Because you are trading online you can access the foreign exchange from anywhere in the world where there is an Internet connection.

How Much Does It Cost to Get Started?

Most people who learn Forex online currency trading start with a small account, so they do not risk a lot of money. You can start an account with as little as three hundred dollars.

And, unlike trading stocks, most Forex brokers do not charge a commission. This means you can earn more money from your successful trades and lose less on your losing trades. These savings can really add up over the course of a year.

How Can You Learn Forex Online Currency Trading?

Some people try to learn by signing up at an online brokerage account. If you're new to trading it can even be a bit confusing picking the best broker because although brokers do not charge commissions, they control the spread between the bid and the ask on the currency pairs that are traded. Bottom line is that the spread affects the amount of profits and / or losses in your account.

That's why a lot of newbies like to find a good source of quality information such as a highly recommended eBook or video course.

Categories
Credit

Reasons Your Money Is Better Off With a Credit Union

Today’s consumers have a full range of options when choosing products and services. And a shrewd shopper considers their choices and weighs their options in order to obtain the best product for their specific requirements.

Unfortunately, its obvious many consumers do not always do their research when it comes to where they keep their hard earned money. There are many banking options but research tells us that over 65 percent of consumers would not switch banks even if they had a negative experience or life change.

If you are currently banking with one of the “big banks” and are not happy with their services there are numerous reasons to consider banking with a credit union. If you’re not quite convinced they can be the right path for your finances, here’s a breakdown of the benefits of banking with a credit union.

Personalized Customer service

Because credit unions are banks for the people by the people and have smaller memberships than the typical larger institutions, you are able to get customized personal service. It’s much more of an intimate relationship than you would have at a traditional bank. The credit union employees actually know you and are invested in your success as a member. That’s because their focus is on making every consumer interaction a personal one, void of lines, long phone waits, and canned responses.

Accessibility

Since they serve their local communities, most of the time branches are not available outside of their service area. To make up for that they sometimes reimburse members for ATM fees or offer a shared ATM network if members have to go out of network to have access to their money.

Structure

Credit unions are owned and operated by their members. The minute you make your first deposit, you will have voting rights.

Lower Account Fees

They also have fewer fees across the board because they have lower overhead costs. Because they are typically smaller operations than big banks they can pass their overhead savings on to their members. According to Bankrate.com more than 75% of credit unions offer free checking, compared to 40% of banks. And many don’t stop there. They even pay members rewards in the form of high interest or dividends, cash back, and other perks, like ATM fee refunds.

Monthly maintenance fees are lower and members don’t have to keep as high a balance in the accounts to escape these fees.

Serving the Underserved

Credit Unions serve those that are usually locked out of the traditional banking system. This covers the large number of immigrants in communities that would otherwise not have access to necessary financial services.

Supporting the local community

The money that is deposited in your local credit union supports its members and the local community. They channel funds back into the local economy in the form of loans in support of small business, home purchase and loans that help members accomplish their financial goals.

Interest Rates

They offer higher-yield savings and checking account rates. Good luck finding an interest-yielding bank account at a megabank. They yield next to nothing for their account holders.

No scams:

Employees aren’t pressured to meet unreasonable sales goals. So rest easy, no one is going to open a secret account behind your back.

Federally Insured

Your money is no more safe at a big bank than it is at a local credit union. Just like the FDIC at a traditional bank, deposits up to $250,000 at a credit union are insured by NCUA – a federally backed agency.

First-name basis:

They take time to know their members. You’ll be a name, not just an account number.

Technologically Advanced

Credit Union’s have come a long way from their once obsolete style of banking. Today, the technology used at a credit union is just as advanced as a megabank. They have online banking options that feature mobile check deposit, smart chip cards, mobile apps, online bill pay, e-statements and more.

If you’re looking to move your money from a traditional bank to a credit union, what’s holding you back? I would encourage everyone to research their local credit union to see what they can offer. If nothing else, it’s worth opening a checking or savings account. You’ll pay less in fees and get more personalized service.

Categories
Credit

A Good Credit Rating Means More Money in Your Pocket

If it was up to individuals to decide, many people would not take credit for any reason; be it personal or business. While the negative aspects of a debt are mostly felt when the borrower is unable to pay, it is hardly a premeditated scenario. When a financial institution considers a borrower's credit rating to be good or at least decent, most credit facilities are willing to offer credit facilities. There is so much talk about what is a good credit score, and for most people, strategizing on how to attain it is a daily struggle.

A borrower may feel pressured to repay a credit facility and it may feel like they are denying themselves too much to appear good to the banks but it is all worth it. It might not appear like much of a benefit to oneself, but maintaining a good credit score is good for an individual, at least as far as future financial assistance is concerned. Is it possible to have more just because more effort has been placed to repay a loan, mortgage or credit card debt? The honest answer is YES! A pretty decent credit score is good, but getting a good rating is even better considering the many areas that stand to benefit;

Favorable mortgage rate

Owing to the fact that mortgages are paid over a long period of time, a homeowner gets to spend less money on interest if they pay back to the facility within a shorter duration of time. The interest is paid even lower if the borrower's credit score is high. According to data made public by MyFico.com, a consumer with an average credit score of 760 or higher would get a mortgage at an interest rate of 3.74%, while another whose score is around 700 got the same facility at 3.96% interest. What is a good credit score? A cheaper mortgage!

Cheaper car loans

A car is a necessity and if there is a way to get it at a lesser value, then getting your credit score is one of them. On average, car loans are given within a vicinity of $ 26,000 and considering that the average car owner will pay this back within five years, then the interest rates definitely make a difference to the amount of money that is paid back. One can expect to save an average of $ 598 over the entire period with a good credit score. What is a good credit score if it cannot get you a car at a cheaper cost?

Credit card rewards

Plastic money has been gaining popularity over the last decade and while some people see it as a source of cheap credit, the amount of money spend on the card as interest depends on the average rating of the borrower. The best credit card for good credit offers an annual percentage rate as high as 17% or as low as 13%. The general assumption that lending institutions make is that a borrower with a good rating will clear their debt quickly and the balance at any given time is likely to be low. When marketing their credit card facility as the best credit card for good credit, some lenders will offer 0% interest on credit for the first year to potential customers who have a remarkable rating. This means that people whose credit score is considered poor or average will have to pay an interest rate in the first year of service. Other benefits that the best credit card for good credit owners stands to gain from maintaining good credit scores are free to air miles, loyalty points for using the card and cash back rewards.

Low interest on student loans

Some people are able to finance their own education from savings, sponsorships or even through programs like work-study. These facilities are not always available and the need to get funding from a credit institution may arise when the chance to go back to school presents itself. Loans given to finance education are issued on the basis of credit quality. The higher the credit, the less risky a loan is considered and to factor in this risk, lenders offer corresponding interest rates.

Business financing when needed

Starting a business definitely, costs money and for many entrepreneurs, the only obstacle between them and prosperity is a financial partner who believes in the validity of their business idea. A startup lacks any solid business credit history and lenders find it easier to consider the consumer score in assessing the credit risk. Maintaining a good credit score is therefore not only good for access to financing but qualifying for facilities with low-interest rates.

Categories
Investing

Jim Cramer’s Real Money: Sane Investing in an Insane World (Book Review)

In the beginning of “Jim Cramer’s Real Money: Sane Investing in an Insane World” inside the acknowledgements, James Cramer says: I got rich using commonsense principles, not elite precepts and training, and I know you can, too,” and those principles are what this remarkable book is about.

In the first three chapters, the author talks about his investing years, the mistakes he made, and how his wife Karen showed him the difference between investing and trading. As a result, I got the sense that, for Jim Cramer, investing is doing it in a grand style with highly profitable returns and little risk; although, he advises taking risks carefully and doing an enormous amount of homework and getting lots of practice in trading.

What that homework consists of is dealt in chapter four, “Some Investing Basics.” In my opinion, this chapter is the most important chapter in the book, and for investors like me who should be clad in bright green, it is a chapter to memorize.

After memorizing the fourth chapter, the next step for the reader is to continue Cramer’s training basics with the fifth chapter where he tackles stock moves, large cap investing, the importance of the Fed, and getting in and out on time. When it comes to getting in and out on time, Cramer has a wonderful recipe that most any investor should learn to invest with.

Next chapter hands out Cramer’s ten commandments and twenty-five investment rules for picking stocks. Then, the seventh chapter shows how to create a discretionary portfolio. Following chapters are about spotting bottoms and tops with the final chapter outlining advanced strategies for the more daring speculators, and then, an epilogue ends the book.

About “Real Money” the author says” “This book is the distillation of everything I have learned.” In fact, he shares a lot with the readers and encourages them not to have a defeatist approach to investing. I sincerely believe that James Cramer wants everyone to be a winner.

“Jim Cramer’s Real Money: Sane Investing in an Insane World” has 300 pages and is in hard cover with an ISBN: 743224892. The book contains Acknowledgements, Introduction, ten chapters, Epilogue and an index.

The author, James J. Cramer, grew up in Wyndmoor, PA and graduated magna cum laude from Harvard College. After he worked as a journalist for a few years, he went back to Harvard Law and obtained a Juris Doctor degree. Next, Cramer worked for Goldman Sachs and created his own hedge fund company. Then, he co-founded TheStreet.com and went to work in CNBC, making his program “Mad Money” CNBC’s most popular show.

In addition to “Real Money,” James Cramer’s other books are: “Confessions of a Street Addict,” “You Got Screwed! Why Wall Street Tanked and How You Can Prosper,” and “Jim Cramer’s Mad Money: Watch TV, Get Rich” with Cliff Mason.

“Jim Cramer’s Real Money: Sane Investing in an Insane World” is a real book with energy, which is very enjoyable to read due to the author’s chatty, comfortable, and engaging style and his sincere way of looking back at his mistakes.

This book entertains and informs with brilliant ideas and great wisdom. Read it and see.

Categories
Insurance

Why You Need Life Insurance Money

Life is full of uncertainties and we have no idea what it has in place for us. From married couples with kids to childless couples to singles, no one is immune from the unwanted events of life. For this reason, life insurance is crucial for any sound financial plan. Life insurance guarantees you and your loved one's financial stability and therefore should not be overlooked by any chance. There are different types of life insurance policies in the market today. With the many available options, it is certainly confusing to pick the best insurance however. My advice for you would be, choose a cheap life insurance plan that best suits your future goals.

Below are 5 important reasons why you need life insurance irrespective of your age.

1. To help service your debts.

Life insurance can be used to pay off your credit card debts, mortgages, tuition fee among other debts. Let's face it, we have no control over the uncertainties of life or the unforeseen occurrences. Take for instance that you've secured yourself a study loan or a business loan to help you grow your business and unfortunately you die before repaying the debt. This may create more burdens for you family and loved ones who are already mourning your death and worst still, struggling to raise your funeral expenses. To avoid this extra burden therefore, you should consider buying an insurance plan early in life.

2. You get to leave some inheritance for your kids and spouse.

Buying a life insurance plan from a reputable and reliable insurance company ensures that your kids get to benefit from inheriting your lifetime savings. It will help you leave a legacy for making extra wealth for your loved ones. This inheritance can help to pay off your kids' higher education tuition fee or paying off other emergency demands that may crop up as your family gets its financial footing.

3. You benefit from "accelerated benefits".

Most couples have got each for support in case of financial crisis. For a single person however, it's more likely that you have no other source of funding except from your own personal resources. This can greatly inconvenience you in case of a sudden major illness. Thanks to most insurance policies sold today, they have provisions that speed up a huge percentage of the death benefit in case you are diagnosed of a terminal condition. These acquired benefits can be used to pay for the expensive medications.

4. Provides financial security for your loved ones.

As a loving, caring and responsible parent, you need to make sure that your kids are well taken care of when left behind. Additional coverage is therefore paramount while you have kids at home. Definitely no amount of cash could replace someone, but it would bring you peace of mind knowing that you have left you kids with some cash to boost them. It is the last thing which you should help your kids with while you still can.

5. Charitable giving

In case you are single and have no debt or family obligations, your permanent life insurance can be used to fund charitable organizations. Look at it as your final good deed before your send off. You could touch a soul or change someone's life for good with a cheap insurance plan from a certified insurance company and they will live to remember you even after you are gone.

Categories
Investing

How to Make Money Investing in 401K Plans in 2015-2016 and Beyond

Torie, like millions of other people, knows that she needs to make money investing in 401k plans in 2015-2106 and beyond (she has a couple) in order to retire comfortably. What she also needs to know: 401k asset allocation, how to pick and manage her best 401k investment options, and the outlook for 2015 and 2016. Let's take a look at how she and you can make money in 2015, 2016 and beyond (or at least make the best of it) if you're in the same boat.

Although it's been easy to make money investing in 401k plans in recent years, this is not always the case. The first thing Torie and you need to do is to set a goal (Torie's is to retire in about the year 2040). Second, be honest about your personal risk tolerance. Torie's is "moderate" – but definitely not aggressive! Third, review your present 401k asset allocation to determine whether the investment options you hold are in line with your risk tolerance. Are you in the best 401k investment options, and in the right proportion?

Finally, you need to understand that 2015 and 2016 could be a difficult time to make money investing in 401k plans. The reason: weak economic forecasts make yesteryear's best 401k investment options vulnerable to losses. Stocks are pricey and so are bonds. Assuming your risk profile is similar to Torie's (she would like to make money but wants to avoid heavy losses) what can you do now to stay on track, make money, and avoid heavy losses if 2015 and beyond turns ugly? We'll use Torie as our example.

A number of years ago Torie decided that she wanted to make money investing in 401k plans, but wanted to keep things simple. She had changed jobs once and was planning on another change in the future. With both employers she had set her plan up with 50% going to a safe stable account and 50% to a Target 2040 fund. She was busy and pretty much ignored her statements over the years. After all, her goal was to make money investing, and she could see at a glance that her portfolio balance was growing. Now, she needs to take a closer look at her 401k asset allocation to see what percent is invested in each of her two 401k investment options.

In early 2015, a closer look revealed that both plans had a portfolio asset allocation far riskier than she had expected. The target fund represented almost 80% of her assets in her first plan and 75% in her current plan. What happened, and what action should she take to get back on track and still keep things simple? What happened was that her target 2040 funds turned out to be one of the best 401k investment options in her plans and they far outperformed her safe stable accounts.

The other best 401k investment options had been stock funds, but Torie considered them to be too risky. With the target fund most of her money was actually invested in stock funds, with the rest in bond funds; and both fund types had performed well heading into 2015. Her plan was to continue to make money investing in her 401k by holding her target fund and a safe investment. That way she was invested in stocks and some bonds as well to give here her portfolio some balance.

What she now needs to do is to REBALANCE her 401k asset allocation so that 50% of her portfolio assets are again equally invested in each of her two chosen investment options. That cuts her risk considerably and it fits her comfort level. Now, can you or Torie make money investing in 401k plans in 2015-2016 with a 401k asset allocation that is allocated half to safe investment options (money market funds or stable accounts) and half to stock funds or target funds? Yes, unless the stock market falls and bonds also take a hit.

How can you make money investing in 401k plans in 2015 and beyond if both stocks and bonds get hit hard? You would need to move the vast majority of your money to the safe havens available. In other words, your best 401k investment options would be the stable account that pays interest (if one is available) or the money market fund (which your plan should have, but currently pays very little in dividends). For the average investor who needs long term growth (like you and Torie) this is an extreme measure.

Remember, your real objective is to make money investing in 401k plans, so you can have a secure retirement. Moderate risk is part of the program. I use Torie as an example because her situation is typical. Her 401k asset allocation fits her (and likely your) risk tolerance and should produce growth over the long term. She has chosen the best 401k investment options to reach her goal of retirement in 2040 (if you plan to retire in 2030 go with the 2030 target fund, and so on). Half of her money is safe and the other half has growth potential.

Plus, she has a plan to manage her 401k investment options. If the markets get ugly in 2015 and 2016 she will not make money investing in 401k plans, she will lose money. But she has money going into her target fund every pay period buying shares at cheaper and cheaper prices, and money going into and accumulating in her safe investment. Anytime her 401k asset allocation shows that 60% or more is in the safe account she will REBALANCE back to 50%, which means taking money from the safe account and adding it to the target fund. Then, when the markets turn, she's well positioned to make money investing in 401k plans for a secure future.

Categories
Taxes

New Financial Year: Starting From Today, Tax Planning Will Save More Money

Financial Year 2018-19 has begun. In such a situation, if your annual income is more than Rs 2.5 lakh then you should start tax planning right away. Under current rules of Income Tax Act, income is more than Rs 2.5 lakh annually.

If you do a job then it is also important for you to do this. Companies ask for your investment plan in April. If you do not give this plan, then the company will start cutting TDS on your income. If you start tax planning soon, you will have more money for saving or investing and you have to pay less.

Tax Planning

Tax planning is very important at the beginning of the financial year. This gives you enough time to invest in saving taxes. This allows you to invest a little bit in tax saving options for the whole year. At the same time, if you delay in tax planning then later you will get less time to invest in tax saving options. It is not possible for every person to invest more in less time.

More money will be saved than tax planning

Tax planning strengthens your financial placing. If you do tax planning properly, you will have more money to save, invest, or spend. Along with this, you have to pay less tax. For tax planning, first of all, you need to know how much your tax liability will be on your annual income.

Do not just save taxes

You should not just invest in saving taxes. For example, people only buy an insurance policy to save tax, while they do not understand what the features of this policy are or how much they will get on the policy. If you do not get cover or return according to your needs in the emergency, then it can be expensive for you.

Start soon

The most important thing in tax planning is that you start early. Understand your tax liability. Set your long-term side and short-term financial goals. After this, select the best investment option to get your financial goals. After that start investing.

Start investing in Equity Linked Savings Schemes

If you have to invest in Equity Linked Saving Scheme, then you should start investing right away. There is no tax on investment in Equity Linked Saving Scheme. However, you must keep in mind that the lock-in period in the equity-linked savings scheme is of three years.

Public provident fund

The public provident fund, i.e. the PPF, is also a great option to save tax. You can invest a maximum of 1.5 lakh rupees in a year in PPF. However, while investing in PPF you should know that if you can invest for a longer period then only add money to it. The PPF account is for 15 years.

Health insurance

There has been a change in the income tax laws regarding medical insurance in the new financial year. Under this, if you purchase a medical cover for your wife, your parents, or your children, then you will get tax exemption on annual premium up to Rs 25,000. The tax exemption limit on the first medical insurance premium was 15,000. In this case, if you have not bought health insurance coverage for yourself or your family, then buy it now.

Categories
Investing

Smartest Ways to Invest in Real Estate and Earn Great Money

We are all tired and daunted with ever so new government policies coming out just every quarterly. If you are looking to save your money from taxes, then investments are the smartest tools to not only save but also get good returns. Real Estate offers the best returns by far, better than any stocks or interest rates or funds. Inflation is just everywhere and people shade a lot of hard earned money into paying for taxes to the government. Buying an investment property is the sure shot way of investing money wisely.

Everyone is toiling hard to get good returns for the money they earn, government is not going to help you save money nor give you good returns. But, there are undoubtedly some very good policies laid by government that helps one to save money only if they are ready to save money. Investments gives one financial freedom where they can get it en-cashed whenever the need be. If you have more money then you get more freedom, the proportion is rightly stated. With financial freedom, one can have a better life for oneself and their loved ones. Given below are top reasons why investing in real estate is a productive decision and the excellent way to protect your wealth.

a. Positive cash flow

Investing in real estate gives you positive effects by saving your money and getting good returns over years. Leasing your properties will give you regular flow of income and at the same time help secure your assets. Real estate investments are the best in terms of return money you get.

b. Leveraging to multiply the value

This is perhaps the most important characteristic of commercial real estate investments; one can place debt on the asset that is multiplied several times than its original value. It helps you to invest in more assets with less money, helps to increase equity as the loan is getting paid.

c. Investment hedging

For every investment that is made, there are great returns that are awaiting you. Real estate investments have historically been known to show highest correlation to inflation as compared to other asset values. Generally, when inflation rises, the prices of real estate having high-ratio of labor and replacements cost also raises giving benefits to investors.

d. Capitalizing on physical assets

Investing in property is an income producing resource; it's a hard asset to invest in a very meaningful way. The structure of the property land carries value and it only appreciates over time and gives a lot of value addition for years to come. Real estates are an on-going ever so green best investment options for good returns.

e. Maximize the taxing benefits

Government gives a lot of tax value benefits to investors who are investing in real estate. Usually, when a person sells the property, he has to pay income tax to government for the income but if he puts that money into buying another property than taxes are not levied. A person can get very good benefits by investing in real estate ordinarily.

Categories
Taxes

Does Itemizing A Tax Return Save Money?

If you are like most Americans, you are already thinking of every possible way to add dollars and cents to your tax return come April.

One thing that many workers overlook is itemization. It's done by freelancers and those who run their own businesses regularly …. but it can save lots of money for every type of worker. When you itemize, you can subtract non-federal taxes from your federal income. The more you can deduct, the less you pay.

Did you know that you can deduce state and local income tax from your federal tax returns? That includes sales tax, real estate tax, property tax and investment taxes. Beyond that, California, New Jersey, New York, Rhode Island and Washington taxpayers can take advantage of state disability and compensation deductions. If you are interested in learning more about what deductions you can make, speak with a certified financial planner.

Schedule A offers a blank line for "other" taxes, where you can include foreign income taxes that many stock holders pay on their mutual funds whose holdings include overseas investments. Your fund manager should send you the necessary documentation, and your investment advisor can help you to make sense of it and file properly.

While you're getting excited about all the deductions you didn't realize you could make, remember that there are many things you cannot deduct from your federal taxes, including Social Security, Federal estate taxes, car registration and license fees. If you are unsure what counts and what does not, ask your financial advisor . Any good wealth advisor would do what's in your best interest- they get paid when you do. Good money management pays off when you have great money managers.

Categories
Investing

How to Start Investing Today With the Money You Spend Right Now

Many people enter a job market right after school and jump right into life feet first. Money comes in from a job, then goes right out to liabilities, food, entertainment… all necessities and pleasures in life. This is often called being stuck in a “rat race”. Every month is the same thing… money comes in, money goes out. Once you’re stuck in it, it’s very difficult to get out. But not impossible.

Now, money you make in your job is dependent on your ability to perform a task or function and amount of time put into that task or function. Essentially, it is trading time for money utilizing a learned skill. But this can’t possibly go on forever, can it? What happens when you get too old to perform these same tasks required for a job?

Unfortunately, for some people it goes on for a very long time. And when people who don’t invest in things that will bring in income whether they work or not can’t work any more, they don’t have anything to help them live as comfortably as they are today.

Until most people get into a career job that offers good benefits (including a 401k), money is rarely put toward investments. Money is made and spent as fast as it’s made, giving a person necessities and comforts of life at the time – and then some, but not allowing much for a prosperous future once job income stops.

Everyone at some point in their life must face the reality that a job is not going to give them everything they want or need in life – especially a life after retirement age. Investing is something best figured out early in life.

To understand how important investing is, you must first understand what investing is. An investment is a method of making money from a one-time effort. Sometimes this effort can be intense and take some time, but it can provide income for many years to come without having to put forth that same effort or time.

If you do a bunch of research to buy a house to use as an investment, you only have to do that research one time. Once you buy an investment, it will make money for you with very little effort. If you write a book and put it on a website to sell, you only had to write a book one time and it will make money for as long as it is active on the website or in a book store. If you research a company stock and find a perfect one, investing some money in it, money then starts doing work and making money without you having to do anything.

These are just simple investment examples that do take some effort. The point is that making money from investments is a lot easier than making money at a job if you know what you’re doing. A huge difference between an investment and a job is how much time and effort someone has to put into making money. Cool thing about investing in the stock market (whether it be traditional buy/hold/sell trading, 401k investing, or options) is that you only have to learn how to do it once, keep repeating what you learned, and let each dollar you invest do all of the rest of the work for you so you can enjoy life as it was intended.

Of course there is one HUGE problem that everybody faces before they can invest. Where do you get money to use to make money? When living life in a “rat race”, you eventually get caught up in an impossible circle that is very hard to get out of.

Don’t worry!

You have money… you just don’t know it yet!

There are ways to make a few changes in your life to start building up “capital” for investing – no matter what type of investing you are looking to start. It will be slow at first, but it will definitely morph into something you won’t believe possible.

One way to build up investment capital fairly quickly is opening a “Round Up” Savings Account. This type of capital growing account actually helps you save and build money based on your every day purchases. You attach your checking accounts or credit cards that you spend money on to your Round Up account and for each purchase you make, this account rounds up to the nearest dollar and deposits that rounded up cash into an investment platform that helps your savings grow faster. Not much work, is it? This special investment account does the rest.

For example, if you spent $20.57 on something, it rounds that up to $21.00. The round up, or $0.43, is placed in your account which is divided among several stocks based on account settings.

If you make 50 purchases from your checking account in a month averaging $0.35 a round up, you will save $17.50 in that month. That’s $210.00 in a year saved just by rounding up these purchases.

Money invested in this round up account goes up and down with stock market movement. At 5% gain in a year, it will go up by $10.50 more. And some stocks that your money is invested in earn dividends that are automatically reinvested into your account.

This doesn’t sound like much, but over time, it will continue to grow. This is an investment in itself and can grow pretty fast if you are consistently adding to it. If you have extra money you’d like to save during a month, you can also make deposits to apply them to your account to grow your account even faster.

A Round Up Savings Account is simply a stepping stone to get you to a higher level of investing, which can be a stock trading, option trading, a retirement investment account, real estate, or anything else you can invest that money in to make more money.

Once you build up some good investment capital in your Round Up account, you can withdraw it whenever you want and use it to purchase assets (things that earn you money – unlike liabilities) or to invest in stocks to make even more money over time.