50 Ways To Make Money: Maximizing, Creating And Increasing Your Income

Posted by Genry Read in Financial Reviews | No Comments

A week or so ago I published a post called 50 Easy Ways To Save Money Every Month where I gave tips for how people can save money every month and improve their bottom line.  We gave tips on how to save on regular recurring bills, how to repair money leaks, and how to get creative to find other savings around the house. The idea is to have more left over to pay off debt, or if you dont have any debt -  more left over for giving, saving and investing.

While I think its important to find ways to save every month, I also think its important to make sure you maximize whats coming in as well.  You can only cut so many things out of your budget, but you can always find ways to increase your income.

One objection I often get right off the bat when talking about creating new income streams is this:

Ive already got a full time job. Ho

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Dollar’s Plunge Fires Up Dollar ETF Option Trades

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Also popular is a big bullish bet on Sprint Nextel.

Sprint Nextel ( S – news – people ): A long-term optimistic options trader expecting limited bullish movement in the price of Sprints shares initiated a sizeable ratio call spread on the communications company today in the January 2012 contract. Shares in Sprint Nextel Corp. increased as much as 1.8% during the session to secure an intraday high of $3.93. The firms shares are 26% lower than the 52-week high of $5.31, and 26.7% higher than the 52-week low of $3.10. It looks like the investor purchased 7,500 calls at the January 2012 $4.0 strike for a premium of $0.75 each, and sold 15,000 calls at the higher January 2012 $5.0 strike at a premium of $0.40 apiece. The trader pockets a net credit of $0.05 per contract on the transaction. Additional profits are available to the investor should shares in Sprint Nextel Corp. rally another 1.8% over todays high of $3.93 to exceed $4.00 by expiration.

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2012 Traditional And Roth IRA Contribution Limits And Phase Outs

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A few months back the IRS released their 2012 IRA contribution limits and income phaseouts. If you have a traditional or Roth IRA, you should keep a close eye on the limits every year because every once in a while well see an increase in allowed contribution amounts or in the income phaseouts.  When that happens, youll want to increase your contribution amounts, or adjust  your pre-tax giving so that you can fully take advantage of what the current rules are.

For the 2012 tax year the allowed contribution amounts havent changed at all.  The income phaseout limits have seen some small increases, however.

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A Retirement Investing Strategy Is All About Income

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Your retirement investing strategy is all about income. Even if you don’t want or need income now, in most cases, you’ll want your investments to be able to generate income at some point.

The question is, how do you create that income?

While this is the most obvious alternative, it could be the worst way to go right now. That’s because interest rates are pitifully low at the moment. If you buy bonds now you’ll be locking in very low income. To make matters worse, as rates rise, you’re going to see the value of your bonds melt away. That’s a tough thing to watch if you’re retired. There are other fixed income investments that pay much rates. One example is the social lending organization Prosper. You could potentially earn much higher rates there. But there really is no such thing as a free lunch. The risks for investors are also higher. Tread lightly

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8 Ways To Buy Organic Produce And Meat On A Budget

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If you have been watching the news recently, you have probably heard about “pink slime” that is being added to approximately 70% of the beef available for public consumption.  Pink slime, which is the connective tissue of the cow processed and treated with ammonia to make it safer for consumption, is added to ground beef as a filler.  Ground beef mixed with pink slime is found in many grocery stores, school cafeterias and restaurants.  Until recently, McDonald’s, Burger King and Taco Bell all used ground beef mixed with pink slime.

If you are concerned about the quality of the food you buy, you may want to consider buying organic.  However, while many people want to feed their family high quality foods, they hear the word organic and think those products are not compatible with a family on a budget.  However, there are several strategies you can use to make buying organic more affordable.

  1. Shop at regular grocery stores.  There is no need to go to a specialty or designated organic store.  More and more supermarkets are carrying organic products, often for less than or at the equivalent price of non-organic products if you buy them on sale.
  2. Grow your own garden.  During the summer months, enlist the family to help you grow a family garden.  You will be able to grow enough produce to drastically reduce your produce budget.  If you don’t mind freezing vegetables, you can grow produce like sweet corn, red and green bell peppers, and zucchini to freeze for future use.  We add peppers that we have frozen to soups during the winter and can’t taste a difference from using fresh.
  3. Enroll in a CSA.  CSA stands for Community Supported Agriculture, and it allows you the opportunity to pay a farmer in advance for the produce he will grow during the summer.  In return, usually beginning in June and ending sometime in October, you will receive a fresh delivery of produce from the farm once a week.  Often the produce is organic, and you can buy it for much less than you would at the grocery store.  Best of all, the produce is usually grown within a two hour drive from your home.
  4. Consider big box stores.  Costco has quite a large selection of organic produce at reasonable prices.  I can buy a pound of fresh, organic spinach for $3.99.  I also buy organic rice milk there, for about half the price I can buy it in a regular grocery store.

If you would like to buy organic meat, there is no way around it, you will have to pay more.  However, organic meat usually comes from animals that were free to roam the farm and fed a natural diet rather than being confined to a tiny space and eating an unnatural diet consisting mostly of grains.

  1. Lower your meat consumption.  If you have trouble affording organic meat, first reduce the number of meat-based meals you consume.  If you buy less meat, you will be able to afford to buy more expensive, organic meat.   Try a few meals that showcase vegetables or beans every week.
  2. Buy straight from the farmer.  Consider contacting a local farmer to inquire about buying a side of beef or chickens from the farm.  We buy a ¼ side of beef from my cousin’s farm every year for approximately $600.  That supplies our family of 5 with enough meat for about 15 months.
  3. Try big box stores.  Again, Costco offers reasonably priced organic ground beef at a little less than $5 a pound.  Yes, it is more expensive, but I would gladly pay that rather than worry about pink slime in my meat.
  4. Change your thought process.  You may take your family out to eat and not think much about spending $40 to $50 for the meal.  Yet, if you buy 4 lbs. of organic ground beef for $17.99, you may

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15 Bible Verses About Thanksgiving And Appreciation

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Last week I wrote a post about how when were in the thick of life, it can be hard to appreciate all of the amazing blessings that weve been given. In that post I talked about a virtuoso violinist who stood in the subway playing one of the most intricately written concertos, flawlessly, only to have it go mostly unnoticed. Sometimes we dont even recognize the blessings for what they are, instead just taking things for granted. While the context of where the violinist played, in the subway, certainly is important, I still think the story speaks to how we sometimes dont even see or appreciate the blessings God has put right in front of our face.

Today I thought I would look at some verses in the bible where people chose to give praise, thanksgiving and appreciation to God the creator, both for the big and small things in life even in the midst of strife.

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