Make Money Online Fast: The Myth Unravelled
The myth of making money online fast.We’ve all seen the ads, promising us we can start making hundreds, or even thousands of dollars online within the next few days, if we buy this or that (usually quite expensive) program.Secretly, we probably all wish that would be possible! After all, it would be like winning the big jackpot!Let me be clear about this from the start: most of these ads are frauds.Unless you already have vast online resources, or a vast knowledge and experience in the online marketing world, there’s no way you will be making hundreds of dollars a day online (regularly) in just a few days, or even weeks.Building any kind of business from scratch, online or offline, takes time, experience, and in the case of an online business, many different skills. Skills which most people have to start learning at the moment they decide they want to make money online.RelativityMost, if not all of these ads, play with the relativity of words such as “fast” and “quick”. Words like fast and quick only get true meaning when used in a comparative context.When you compare the evolution of most real world businesses with that of online businesses, one could indeed conclude that certain online businesses start making money much faster than real world businesses. Especially when you consider that in most cases, brick and mortar businesses require loans to start-up. Loans which must be paid off before you start making any real money for yourself!In most cases, it will take a few years before an offline business will be generating some serious money.With an online business, this can indeed be much faster. That is, if you know what you’re doing!What they don’t tell youIn all honesty, I must say that some of the ads and programs out there do have some validity in that they actually do give you the opportunity to start making money in a relatively short time.However, apart from the relativity aspect, there are usually also a few things they don’t tell you in the ads.First of all, like in virtually all kinds of businesses, money means speed. If you can spend $1000 a month or more, on top of what you paid for the program, you will start making money online much faster than someone who can only spend $100 a month.After all, most forms of effective marketing and outsourcing cost money, which is not included in the original fee you paid for the program. The more you can spend, the faster you’ll have results.Secondly, creating any kind of business takes time and effort. No matter how much money you pay for any kind of online business program, it will not work if YOU don’t put in the work!In this case, putting in the work usually means learning the necessary skills first, after which you can really start working to make money online.These things take time, and if you already have a full time job, your available time is limited and it will probably take you many months before you see any financial result at all, unless you have tons of money to spend.At the other hand, if you don’t have a job and not much of a social life, you could be spending 60 to 80 hours a week on learning the necessary skills and developing your online business model, in which case you have a realistic chance of starting to make money online within 2 or 3 months.At this point, your choice of business model will become extremely important, because it is this choice which will determine how much money you’ll be making and how fast you can scale your online income.ConclusionIt is possible to start making money online in a relatively short time period. However, how short that period will be and how much money you’ll be making will strongly depend on your background knowledge, your financial situation, and last but not least, the time you have available to learn and develop your online business.
Auto Loans and Car Finance Options
The majority of people who decide to buy a car will finance that purchase through an auto loan. After you select the car that’s best for you, decided on options and colors and negotiated the price it will be time to finance your purchase. A little forethought and planning will make this transaction much easier.Long-term and short-term auto loans each have advantages and drawbacks. Lenders will usually restrict long-term loans to new cars. These loans typically have lower monthly payments, as they’re spread over a period of three, four or five years however, you’ll pay more interest charges on these longer loans. A car purchased for fifteen thousand dollars and financed with a four year loan will ultimately cost you about $18,000!The longer the term of your loan, the high the interest rate. You must also take into consideration the devaluation of the car over the life of the loan. If the car is damaged or destroyed before the loan is paid off it can be worth less than the value of the loan.Short-term loans are extended for used cars and last from two to three years. They usually have lower interest rates than long-term loans, so you’re actually saving money by taking out a short-term loan. Your monthly payments will be higher than with a long-term loan but the interest savings are substantial and you’ll pay less overall.Another type of loan is a lease. You may choose to lease a car for many reasons but people usually lease in order to have a new car every few years and avoid the devaluation that comes with owning a car. Lease payments are often lower than the loan payments on a car you purchase but there are costs to leasing you will want to be aware of.If you decide to lease a car you will need a down payment, just as when you buy one. The leasing industry calls this a “capitalized cost reduction”, as it reduces the amount of the lease. A security deposit will also be required, also referred to as a “reconditioning reserve”. Your deposit is returned to you at the end of the lease arrangement unless your violate the terms or damage the vehicle. You must also pay the first monthly payment of the lease before you take possession of the car.Closed-end leasing is an agreement that allows you to simply turn over the car to the leasing company as the end of the agreement and walk away with no other commitments. Unless you’ve damaged the car, violated the lease agreement or have caused unusual or excessive wear and tear to it, the end of the lease is the end of your commitment.Open-end leasing, on the other hand, doesn’t afford the same protection as closed-end leasing. At the end of your lease agreement, the leasing company (or “lessor”) calculates the car’s fair market value and residual value. You will have to make up the difference in the form of an extra payment and it could be quite costly.One big disadvantage of leasing a car is the mileage limitations, imposed to control the devaluation of the vehicle. If your business or personal needs require you to do quite a bit of travel, leasing may not be your best option.Lessors are required by the Consumer Leasing Act to explain all charges and terms of the lease to you. Be very sure you understand the terms and conditions if you decide to lease a car.Whether you decide to buy or lease a car, read every document carefully before signing.
Learn the Importance of a Specialised Finance Broker in Getting Development Finance
Development Finance is a specialised form of funding suitable only for professional builders and developers. This form of funding will require the assistance of a professionally qualified and expert finance broker who has the required skills and experience to negotiate the finance on your behalf.Suitable Development Finance ProjectsIf you are a professional builder or property developer, you must speak to an expert finance broker, who will help you in understanding the finance strategy required to fund any of the following projects:>> Residential construction>> Commercial property>> Industrial property>> Retail property, and>> Land subdivisionsWhat Information do I need to provide?Lenders/credit providers will look at a number of areas when they are considering your loan request. You will need to present a full proposal to the lender/credit provider, and they will require you to provide the following information:>> Your Business Plan, which should list your background, professional qualifications and your trade and project management experience>> Your experience as a property developer>> The location of your proposed development>> Development Type (Residential or Commercial)>> The profit potential of the development>> Your financial statement of accounts and personal assets and liabilities to determine your development cash flow>> The amount of equity that you will bring to the development project>> Copy of the planning consent and drawings for the scheme>> Comparable evidence for the resales>> A suitable exit strategyCan I get an “In Principle” Decision?When you are applying for development finance, you should have all the required information available so that the lender/credit provider can review and assess your finance proposal. The lender/credit provider will advise you:>> If it is possible to arrange the required finance for development project, and>> How long it will take to obtain an “In Principle” decision (You must remember that the lender/credit provider will make the final decision)Why Choose a Professionally Qualified and Specialised Finance Broker?It is always wise to start the development finance process with a professionally qualified and specialised finance broker because:>> They will help you to prepare a Business Plan, which will set out your development finance requirements in exactly the way that lenders/credit providers wish to see>> They know what the standard requirements for development finance loans are>> They can accommodate a much faster credit decision for you, provided that they receive from you all the required documents as soon as possible (e.g. your professional qualifications, trade qualifications and certificates and your previous building or development experience)>> They can structure a Customised Development Finance funding strategy that will meet your needs regardless of the size or complexity of the building or development project>> Through their extensive network of specialised lenders/credit providers and private lenders, they are better equipped to offer you access to funds for your required building or development project>> They can help you to secure the required finance so that you can fund all the stages of the construction cycle:1. From financing the initial purchase of the land2. Through to progressive construction draw-downs, and3. To enable you to cover all the approval costsSo, this is what you, as a professional builder or developer, need to know about development finance. I sincerely hope this article helps you to understand why you need to seek assistance from only a professionally qualified and specialised finance broker.