Tuesday, December 7, 2010

Making Money Tips





Over the past two weeks we've upped our budget travel coverage here at Gadling. We've published stories on budget-friendly Caribbean destinations, budget-friendly European destinations, Thanksgiving hotel deals, hardcore budget travel suggestions, New York City budget travel tips, local budget travel secrets, cheap local fast food worldwide, great sites for planning budget-friendly European travel, and how to find affordable ski deals.



Our recent hyperactivity around budget travel is no accident. We want to improve Gadling's standing as budget travel resource, as a go-to site for budget travel tips, information, and inspiration.



In order to give this new resolve some oomph, a Gadling budget travel manifesto is in order. The goal here is to intervene in a travel media landscape that sees luxury travel as the universal objective of all travelers by glorifying budget travel and budget travelers. Budget travel is exciting and sophisticated and it needs to be recognized as such.



The lure of aspirational travel



People love to read about expensive resorts and impossibly dear travel accessories because they're exciting to contemplate. In this respect, they fulfill a function not a million miles from pornography. And like porn, they're also a lot of fun. The problem is that just as pornography does not provide a good map for most human relations, aspirational travel does not offer a useable guide for most forms of travel. Worse yet, aspirational travel often comes to cloud impressions of travel and actually convince many, many people that travel is an endeavor that can only be engaged at unmanageably high price points.



The focus on aspirational travel in the travel media creates all sorts of strange situations. Reading through a typical American travel magazine or even the weekend travel section of big newspaper, one might believe that $500 per night is a reasonable mid-range rate for a night's hotel accommodation. Honestly, this is outrageous. When push comes to shove, how many people can actually afford such rates?



Budget travel can mean many things. It can mean finding a deal on a hotel, cruise, or air journey. It can mean traveling with very little money and simply making do. It can mean organizing travel around friendship networks, or joining home exchange or couchsurfing membership programs. But however it might be defined, it doesn't include hotel rooms that run $500 per night.



Budget travel is sophisticated travel



Here are three assertions about budget travel in general and in relation to luxury travel that might at first seem counterintuitive.



1. Budget travel enables better interaction with local culture than does luxury travel.



2. Budget travel is more sophisticated than luxury travel.



3. Budget travelers are more creative than luxury travelers.



I'll anticipate a few knee-jerk criticisms and try to answer them here in advance. Obviously not all budget travelers are savvy. Many are in fact the opposite. But it is just as certain that many, many (most?) luxury travelers are not at all sophisticated--not truly and fully in the spirit of cultural engagement and courageous exploration.

I have never been one to read books or PDFs on my computer screen. Give me a paperback book, or a printed page, and I can get through it quickly, but sit me in front of a screen and I just can’t make myself read it. Now with the advent of eReaders like the Kindle, and tablets like the iPad, reading a book off a screen isn’t as hard as it used to be.

There is no end to the wealth of free eBooks available online today, from literature to books on social media, to teaching yourself how to use Linux. There is one topic, blogging, with countless eBooks available, both paid and free, and it just takes a little bit of digging to find some of the best ones out there. This list of 7 books is a good place to start, with advice for both beginners and advanced bloggers alike.

id="more-58750">

Deep Secrets of Successful Blogging

style="text-align: center;">

It may be a few years old, but the wealth of information contained in Chitika’s Deep Secrets of Successful Blogging makes it just as relevant a book today as when it was first posted on their site.

Featuring the words of wisdom of 30 prominent bloggers including Chris Pirillo and Darren Rowse amongst others, the free eBook contains encouragement, advice and guidelines for the aspiring blogger.

Get the free eBook here.

279 Days to Overnight Success

style="text-align: center;">

279 Days to Overnight Success by Chris Guillebeau is available for free download in PDF format from his website. Not only useful for bloggers, the free eBook is a must-read for any writer, artist or modern entrepreuner who wants to create an online presence for themselves.

Guillebeau uses his own journey to becoming a full-time writer as a guideline for others to follow.

The free PDF is available for download here.

If his style appeals to you, be sure to check out his earlier tile, A Brief Guide to World Domination available for download here.

Viral Copy

style="text-align: center;">

Viral Copy by Brian Clark of Copyblogger takes on a very straightforward approach and can truly be seen as an essential guidebook for any blogger to read.

From the art of writing headlines to link baiting to how to use humour in your writing, Clark leaves no stone unturned, on how to drive traffic to your blog. In fact, you can see him put his own advice to good use with the links used in the eBook, making it hard to read the book offline.

Viral Copy is available for downlaod here.

Make Money Online With John Chow dot Com

style="text-align: center;">

At first glance, Make Money Online by John Chow book probably sounds like one of those get-rich-quick scams but don’t be fooled. There is no hidden secret that will make you reach instantaneously. Instead, John Chow gives you an outline on how to drive traffic to your site, as well as giving specific recommendations on ad networks, and most importantly, how to monetize your blog. The book is best suited for beginners who are just getting started and don’t know much about how to make money in the blogging world.

While the book is available in paperback from Amazon, John Chow offers it as a free download on his site here.

Traffic Roots

style="text-align: center;">

You’ll find that a lot eBooks about blogging focus on one specific topic – traffic. And rightly so, because without an audience to read what you’re writing – it all starts to feel futile. Traffic Roots by Jens Berget covers important topics like Search Engine Optimization, Email Marketing, Keyword Search and much more in over 130 pages of advice, tips and tricks.

Traffic roots is another ideal title for beginners, and may also contain some interesting tips for the slightly more advanced blogger. Download the PDF here.

Beginners Guide to Search Engine Optimization

style="text-align: center;">

If your focus is to learn more about Search Engine Optimization, and need an introductory explanation, the Beginners Guide to Search Engine Optimization is a great place to start.

The guide covers the basic terms, explains how it all works, and tells you what you need to do to make use of these concepts on your own website.

There is no direct link to download the book, but rather can have it emailed to you by submitting your email here.

Viral Marketing

style="text-align: center;">

Getting people to your blog is not just about SEO and link building. You also have to know how to market yourself. Viral Marketing by David Meerman Scott has been available for a couple of years but is a good place to start to understand what viral marketing is and what it takes to get in on the game.

The title is available for download here, along with a few other interesting titles by Scott.

What eBooks for bloggers are on your virtual shelf? Let us know in the comments.

Image credit: Shutterstock



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



bench craft company rip off secrets

AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



home





Over the past two weeks we've upped our budget travel coverage here at Gadling. We've published stories on budget-friendly Caribbean destinations, budget-friendly European destinations, Thanksgiving hotel deals, hardcore budget travel suggestions, New York City budget travel tips, local budget travel secrets, cheap local fast food worldwide, great sites for planning budget-friendly European travel, and how to find affordable ski deals.



Our recent hyperactivity around budget travel is no accident. We want to improve Gadling's standing as budget travel resource, as a go-to site for budget travel tips, information, and inspiration.



In order to give this new resolve some oomph, a Gadling budget travel manifesto is in order. The goal here is to intervene in a travel media landscape that sees luxury travel as the universal objective of all travelers by glorifying budget travel and budget travelers. Budget travel is exciting and sophisticated and it needs to be recognized as such.



The lure of aspirational travel



People love to read about expensive resorts and impossibly dear travel accessories because they're exciting to contemplate. In this respect, they fulfill a function not a million miles from pornography. And like porn, they're also a lot of fun. The problem is that just as pornography does not provide a good map for most human relations, aspirational travel does not offer a useable guide for most forms of travel. Worse yet, aspirational travel often comes to cloud impressions of travel and actually convince many, many people that travel is an endeavor that can only be engaged at unmanageably high price points.



The focus on aspirational travel in the travel media creates all sorts of strange situations. Reading through a typical American travel magazine or even the weekend travel section of big newspaper, one might believe that $500 per night is a reasonable mid-range rate for a night's hotel accommodation. Honestly, this is outrageous. When push comes to shove, how many people can actually afford such rates?



Budget travel can mean many things. It can mean finding a deal on a hotel, cruise, or air journey. It can mean traveling with very little money and simply making do. It can mean organizing travel around friendship networks, or joining home exchange or couchsurfing membership programs. But however it might be defined, it doesn't include hotel rooms that run $500 per night.



Budget travel is sophisticated travel



Here are three assertions about budget travel in general and in relation to luxury travel that might at first seem counterintuitive.



1. Budget travel enables better interaction with local culture than does luxury travel.



2. Budget travel is more sophisticated than luxury travel.



3. Budget travelers are more creative than luxury travelers.



I'll anticipate a few knee-jerk criticisms and try to answer them here in advance. Obviously not all budget travelers are savvy. Many are in fact the opposite. But it is just as certain that many, many (most?) luxury travelers are not at all sophisticated--not truly and fully in the spirit of cultural engagement and courageous exploration.

I have never been one to read books or PDFs on my computer screen. Give me a paperback book, or a printed page, and I can get through it quickly, but sit me in front of a screen and I just can’t make myself read it. Now with the advent of eReaders like the Kindle, and tablets like the iPad, reading a book off a screen isn’t as hard as it used to be.

There is no end to the wealth of free eBooks available online today, from literature to books on social media, to teaching yourself how to use Linux. There is one topic, blogging, with countless eBooks available, both paid and free, and it just takes a little bit of digging to find some of the best ones out there. This list of 7 books is a good place to start, with advice for both beginners and advanced bloggers alike.

id="more-58750">

Deep Secrets of Successful Blogging

style="text-align: center;">

It may be a few years old, but the wealth of information contained in Chitika’s Deep Secrets of Successful Blogging makes it just as relevant a book today as when it was first posted on their site.

Featuring the words of wisdom of 30 prominent bloggers including Chris Pirillo and Darren Rowse amongst others, the free eBook contains encouragement, advice and guidelines for the aspiring blogger.

Get the free eBook here.

279 Days to Overnight Success

style="text-align: center;">

279 Days to Overnight Success by Chris Guillebeau is available for free download in PDF format from his website. Not only useful for bloggers, the free eBook is a must-read for any writer, artist or modern entrepreuner who wants to create an online presence for themselves.

Guillebeau uses his own journey to becoming a full-time writer as a guideline for others to follow.

The free PDF is available for download here.

If his style appeals to you, be sure to check out his earlier tile, A Brief Guide to World Domination available for download here.

Viral Copy

style="text-align: center;">

Viral Copy by Brian Clark of Copyblogger takes on a very straightforward approach and can truly be seen as an essential guidebook for any blogger to read.

From the art of writing headlines to link baiting to how to use humour in your writing, Clark leaves no stone unturned, on how to drive traffic to your blog. In fact, you can see him put his own advice to good use with the links used in the eBook, making it hard to read the book offline.

Viral Copy is available for downlaod here.

Make Money Online With John Chow dot Com

style="text-align: center;">

At first glance, Make Money Online by John Chow book probably sounds like one of those get-rich-quick scams but don’t be fooled. There is no hidden secret that will make you reach instantaneously. Instead, John Chow gives you an outline on how to drive traffic to your site, as well as giving specific recommendations on ad networks, and most importantly, how to monetize your blog. The book is best suited for beginners who are just getting started and don’t know much about how to make money in the blogging world.

While the book is available in paperback from Amazon, John Chow offers it as a free download on his site here.

Traffic Roots

style="text-align: center;">

You’ll find that a lot eBooks about blogging focus on one specific topic – traffic. And rightly so, because without an audience to read what you’re writing – it all starts to feel futile. Traffic Roots by Jens Berget covers important topics like Search Engine Optimization, Email Marketing, Keyword Search and much more in over 130 pages of advice, tips and tricks.

Traffic roots is another ideal title for beginners, and may also contain some interesting tips for the slightly more advanced blogger. Download the PDF here.

Beginners Guide to Search Engine Optimization

style="text-align: center;">

If your focus is to learn more about Search Engine Optimization, and need an introductory explanation, the Beginners Guide to Search Engine Optimization is a great place to start.

The guide covers the basic terms, explains how it all works, and tells you what you need to do to make use of these concepts on your own website.

There is no direct link to download the book, but rather can have it emailed to you by submitting your email here.

Viral Marketing

style="text-align: center;">

Getting people to your blog is not just about SEO and link building. You also have to know how to market yourself. Viral Marketing by David Meerman Scott has been available for a couple of years but is a good place to start to understand what viral marketing is and what it takes to get in on the game.

The title is available for download here, along with a few other interesting titles by Scott.

What eBooks for bloggers are on your virtual shelf? Let us know in the comments.

Image credit: Shutterstock



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



www.ddfghhdfxd.com/

AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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Over the past two weeks we've upped our budget travel coverage here at Gadling. We've published stories on budget-friendly Caribbean destinations, budget-friendly European destinations, Thanksgiving hotel deals, hardcore budget travel suggestions, New York City budget travel tips, local budget travel secrets, cheap local fast food worldwide, great sites for planning budget-friendly European travel, and how to find affordable ski deals.



Our recent hyperactivity around budget travel is no accident. We want to improve Gadling's standing as budget travel resource, as a go-to site for budget travel tips, information, and inspiration.



In order to give this new resolve some oomph, a Gadling budget travel manifesto is in order. The goal here is to intervene in a travel media landscape that sees luxury travel as the universal objective of all travelers by glorifying budget travel and budget travelers. Budget travel is exciting and sophisticated and it needs to be recognized as such.



The lure of aspirational travel



People love to read about expensive resorts and impossibly dear travel accessories because they're exciting to contemplate. In this respect, they fulfill a function not a million miles from pornography. And like porn, they're also a lot of fun. The problem is that just as pornography does not provide a good map for most human relations, aspirational travel does not offer a useable guide for most forms of travel. Worse yet, aspirational travel often comes to cloud impressions of travel and actually convince many, many people that travel is an endeavor that can only be engaged at unmanageably high price points.



The focus on aspirational travel in the travel media creates all sorts of strange situations. Reading through a typical American travel magazine or even the weekend travel section of big newspaper, one might believe that $500 per night is a reasonable mid-range rate for a night's hotel accommodation. Honestly, this is outrageous. When push comes to shove, how many people can actually afford such rates?



Budget travel can mean many things. It can mean finding a deal on a hotel, cruise, or air journey. It can mean traveling with very little money and simply making do. It can mean organizing travel around friendship networks, or joining home exchange or couchsurfing membership programs. But however it might be defined, it doesn't include hotel rooms that run $500 per night.



Budget travel is sophisticated travel



Here are three assertions about budget travel in general and in relation to luxury travel that might at first seem counterintuitive.



1. Budget travel enables better interaction with local culture than does luxury travel.



2. Budget travel is more sophisticated than luxury travel.



3. Budget travelers are more creative than luxury travelers.



I'll anticipate a few knee-jerk criticisms and try to answer them here in advance. Obviously not all budget travelers are savvy. Many are in fact the opposite. But it is just as certain that many, many (most?) luxury travelers are not at all sophisticated--not truly and fully in the spirit of cultural engagement and courageous exploration.

I have never been one to read books or PDFs on my computer screen. Give me a paperback book, or a printed page, and I can get through it quickly, but sit me in front of a screen and I just can’t make myself read it. Now with the advent of eReaders like the Kindle, and tablets like the iPad, reading a book off a screen isn’t as hard as it used to be.

There is no end to the wealth of free eBooks available online today, from literature to books on social media, to teaching yourself how to use Linux. There is one topic, blogging, with countless eBooks available, both paid and free, and it just takes a little bit of digging to find some of the best ones out there. This list of 7 books is a good place to start, with advice for both beginners and advanced bloggers alike.

id="more-58750">

Deep Secrets of Successful Blogging

style="text-align: center;">

It may be a few years old, but the wealth of information contained in Chitika’s Deep Secrets of Successful Blogging makes it just as relevant a book today as when it was first posted on their site.

Featuring the words of wisdom of 30 prominent bloggers including Chris Pirillo and Darren Rowse amongst others, the free eBook contains encouragement, advice and guidelines for the aspiring blogger.

Get the free eBook here.

279 Days to Overnight Success

style="text-align: center;">

279 Days to Overnight Success by Chris Guillebeau is available for free download in PDF format from his website. Not only useful for bloggers, the free eBook is a must-read for any writer, artist or modern entrepreuner who wants to create an online presence for themselves.

Guillebeau uses his own journey to becoming a full-time writer as a guideline for others to follow.

The free PDF is available for download here.

If his style appeals to you, be sure to check out his earlier tile, A Brief Guide to World Domination available for download here.

Viral Copy

style="text-align: center;">

Viral Copy by Brian Clark of Copyblogger takes on a very straightforward approach and can truly be seen as an essential guidebook for any blogger to read.

From the art of writing headlines to link baiting to how to use humour in your writing, Clark leaves no stone unturned, on how to drive traffic to your blog. In fact, you can see him put his own advice to good use with the links used in the eBook, making it hard to read the book offline.

Viral Copy is available for downlaod here.

Make Money Online With John Chow dot Com

style="text-align: center;">

At first glance, Make Money Online by John Chow book probably sounds like one of those get-rich-quick scams but don’t be fooled. There is no hidden secret that will make you reach instantaneously. Instead, John Chow gives you an outline on how to drive traffic to your site, as well as giving specific recommendations on ad networks, and most importantly, how to monetize your blog. The book is best suited for beginners who are just getting started and don’t know much about how to make money in the blogging world.

While the book is available in paperback from Amazon, John Chow offers it as a free download on his site here.

Traffic Roots

style="text-align: center;">

You’ll find that a lot eBooks about blogging focus on one specific topic – traffic. And rightly so, because without an audience to read what you’re writing – it all starts to feel futile. Traffic Roots by Jens Berget covers important topics like Search Engine Optimization, Email Marketing, Keyword Search and much more in over 130 pages of advice, tips and tricks.

Traffic roots is another ideal title for beginners, and may also contain some interesting tips for the slightly more advanced blogger. Download the PDF here.

Beginners Guide to Search Engine Optimization

style="text-align: center;">

If your focus is to learn more about Search Engine Optimization, and need an introductory explanation, the Beginners Guide to Search Engine Optimization is a great place to start.

The guide covers the basic terms, explains how it all works, and tells you what you need to do to make use of these concepts on your own website.

There is no direct link to download the book, but rather can have it emailed to you by submitting your email here.

Viral Marketing

style="text-align: center;">

Getting people to your blog is not just about SEO and link building. You also have to know how to market yourself. Viral Marketing by David Meerman Scott has been available for a couple of years but is a good place to start to understand what viral marketing is and what it takes to get in on the game.

The title is available for download here, along with a few other interesting titles by Scott.

What eBooks for bloggers are on your virtual shelf? Let us know in the comments.

Image credit: Shutterstock



advertising enlargement exersizes

AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



bench craft company rip off secrets

AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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AMERICAblog <b>News</b>: Krugman thinks tax deal is bad for Obama&#39;s <b>...</b>

News and opinion about US politics from a liberal perspective.

Source: Nationals to offer Lee seven-year deal - NY Daily <b>News</b>

The Washington Nationals are prepared to make Cliff Lee a seven-year offer, one that could drastically alter the Yankees' offseason plans. According to a major-league source, the Nationals - who already blew the market open with their ...

Denver Broncos <b>News</b>: Horse Tracks - 12/7/10 - Mile High Report

Your Daily Cup Of Orange and Blue Coffee - Horse Tracks!



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Monday, December 6, 2010

Making Money on Internet



Next time you hear an economist or denizen of Wall Street talk about how the "American economy" is doing these days, watch your wallet.



There are two American economies. One is on the mend. The other is still coming apart.



The one that's mending is America's Big Money economy. It's comprised of Wall Street traders, big investors, and top professionals and corporate executives.



The Big Money economy is doing well these days. That's partly thanks to Ben Bernanke, whose Fed is keeping interest rates near zero by printing money as fast as it dare. It's essentially free money to America's Big Money economy.



Free money can almost always be put to uses that create more of it. Big corporations are buying back their shares of stock, thereby boosting corporate earnings. They're merging and acquiring other companies.



And they're going abroad in search of customers.



Thanks to fast-growing China, India, and Brazil, giant American corporations are racking up sales. They're selling Asian and Latin American consumers everything from cars and cell phones to fancy Internet software and iPads. Forty percent of the S&P 500 biggest corporations are now doing more than 60 percent of their business abroad. And America's biggest investors are also going abroad to get a nice return on their money.



So don't worry about America's Big Money economy. According to a Wall Street Journal survey released Thursday, overall compensation in financial services will rise 5 percent this year, and employees in some businesses like asset management will get increases of 15 percent.



The Dow Jones Industrial Average is back to where it was before the Lehman bankruptcy filing triggered the financial collapse. And profits at America's largest corporations are heading upward.



But there's another American economy, and it's not on the mend. Call it the Average Worker economy.



Last Friday's jobs report showed 159,000 new private-sector jobs in October. That's better than previous months. But 125,000 net new jobs are needed just to keep up with the growth of the American labor force. So another way of expressing what happened to jobs in October is to say 24,000 were added over what we need just to stay even.



Yet the American economy has lost 15 million jobs since the start of the Great Recession. And if you add in the growth of the labor force -- including everyone too discouraged to look for a job -- we're down about 22 million.



Or to put it another way, we're still getting nowhere on jobs.



One out of eight breadwinners is still out of work. Most families in the Average Worker economy rely on two breadwinners. So if one out of eight isn't working, chances are high that family incomes are down compared to what they were three years ago.



And that means the bills aren't getting paid.



According to a recent Washington Post poll, more than half of all Americans -- 53 percent -- are worried about making their mortgage payments. This is many more than were worried two years ago, when the Great Recession hit bottom. Then, 37 percent expressed worry.



Delinquency rates on home loans are rising. Distressed sales are up as a percent of total sales.



Most people in the Average Worker economy own few shares of stock, if any. Their equity is in their homes. But with all the delinquencies and distressed sales, the housing market has a glut of homes for sale. As a result, home prices are still dropping. So the net worth of most Americans is still dropping.



And even though interest rates are falling, most people in the Average Worker economy can't refinance their homes. They can't get home equity loans. Banks don't want to lend to the Average Worker economy because people in it are considered bad credit risks. They still owe lots of money, their family incomes are down, and their net worth has fallen.



And according to the Reuters/University of Michigan survey of American consumers, expectations about personal finances are at an all time low.



Inhabitants of the Big Money economy are celebrating Republican wins last week. They figure financial regulations will be rolled back, environmental regulations will be canned, the Bush tax cut will be extended to the top 1 percent, and it will be harder for workers to form unions.



Inhabitants of the Average Worker economy aren't so sure. The economy has been so bad they're angry at politicians. They showed their anger at the ballot box. They took it out on incumbents.



But if nothing changes in the Average Worker economy, there will be hell to pay.



Robert Reich is the author of Aftershock: The Next Economy and America's Future, now in bookstores. This post originally appeared at RobertReich.org.










Some weeks, there’s just too much to write about. This is one of those weeks. [Notice that I've fixed the grievous typo; no need to tell me about it again!] Not only is my brain percolating with my own ideas for articles, but the internet is abuzz with interesting stories about personal finance. Pity the blogger with a ton of material!


Rather than waste time with a long intro, I’m going to jump right in. Here are some recent articles you folks have sent me, or that I’ve found through my own web surfing:


Earlier this week, I sang the praises of index funds. If you’re interested in index funds, but don’t know where to start, you may want to consider ETFs, or exchange-traded funds. Nearly all ETFs are index funds, but they’re traded like stocks. Confused? Kiplinger’s has an informative article on how to make ETFs work for you. This isn’t just a light-weight breezy piece; it contains solid info.


Elsewhere, that lovable curmudgeon Warren Buffett is at it again. He has a talent for making both liberals and conservatives angry. In this case, Buffett says that the rich should be paying higher taxes. “Taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” Buffett told ABC News. “But I think that people at the high end — people like myself — should be paying a lot more in taxes. We have it better than we’ve ever had it.”


Next, GRS reader Brendan Quinn sent me a link to presentation he recently gave to fellow students at Boston College. In his talk entitled Your Money: Buy Anything You Want, Guilt-Free, Brendan covers what he calls the three rules of personal finance:



  • Spend less than you earn.

  • Make the money you have work for you.

  • Prepare for the unexpected.


I think it’s great to see college students taking the initiative to teach each other about financial literacy. Great work, Brendan!


Last week, The New York Times published a story about Nick Martin, who inherited $14 million ($10 million after taxes) in 1998. “But as so often happens to those lucky enough to realize the American dream of sudden riches,” writes Geraldine Fabrikant, “the money slipped through the Martins’ fingers faster than they ever imagined.” I used to mock folks who squandered sudden riches like this (and there are countless similar tales), but lately I’m more sympathetic. As Flexo at Consumerism Commentary wrote about this story, “It’s easy to be judgmental. The internet is a place where armchair quarterbacks feel comfortable. Very few people know what would happen if the same situation — an unexpected windfall — occurs to them.”


Finally, here are two recent articles from USA Today. Cindy Perman has a long (and controversial) piece about Americans dying with debt. Many boomers have little saved for retirement. But more than that, the article reports that “nearly 40% of retired Americans said they’ve accumulated credit-card debt in their twilight years — and aren’t worried about paying it off in their lifetime”. In happier news, here’s a short piece about a homeless Arizona man who returned a backpack containing $3300 cash and a laptop. Now, that is an awesome story.


There are plenty of other great stories in my stack, but this is already one of the biggest “Spare Change” round-ups I’ve ever posted. We’ll call this good for now.







bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off
Esta semana en la tarjeta de crédito <b> Noticias </ b> - MoneyBuilder - sentido de lo que <b> Siempre ...</ b> por LowCards.com más de ocho millones de personas abandonan la tarjeta de crédito utilizar más de ocho millones de consumidores dejaron de usar las tarjetas de crédito durante el año pasado, según un nuevo estudio de TransUnion. El uso de propósito general ...

La luz se puede generar el Levante - Ciencia <b> Noticias </ b> Los investigadores crear un lightfoil que introduzca objetos pequeños hacia los lados.

Congo Siasa: <b> Noticias </ b> que nos perdimos weekNews último que no blog la semana pasada: El recién ordenado cardenal de Kinshasa, Laurent Monsegwo, llegó a Kinshasa desde Roma el miércoles con gran éxito enorme. Monsengwo es generalmente considerado como oposición a Kabila, pero rara vez se toma pública ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off


Next time you hear an economist or denizen of Wall Street talk about how the "American economy" is doing these days, watch your wallet.



There are two American economies. One is on the mend. The other is still coming apart.



The one that's mending is America's Big Money economy. It's comprised of Wall Street traders, big investors, and top professionals and corporate executives.



The Big Money economy is doing well these days. That's partly thanks to Ben Bernanke, whose Fed is keeping interest rates near zero by printing money as fast as it dare. It's essentially free money to America's Big Money economy.



Free money can almost always be put to uses that create more of it. Big corporations are buying back their shares of stock, thereby boosting corporate earnings. They're merging and acquiring other companies.



And they're going abroad in search of customers.



Thanks to fast-growing China, India, and Brazil, giant American corporations are racking up sales. They're selling Asian and Latin American consumers everything from cars and cell phones to fancy Internet software and iPads. Forty percent of the S&P 500 biggest corporations are now doing more than 60 percent of their business abroad. And America's biggest investors are also going abroad to get a nice return on their money.



So don't worry about America's Big Money economy. According to a Wall Street Journal survey released Thursday, overall compensation in financial services will rise 5 percent this year, and employees in some businesses like asset management will get increases of 15 percent.



The Dow Jones Industrial Average is back to where it was before the Lehman bankruptcy filing triggered the financial collapse. And profits at America's largest corporations are heading upward.



But there's another American economy, and it's not on the mend. Call it the Average Worker economy.



Last Friday's jobs report showed 159,000 new private-sector jobs in October. That's better than previous months. But 125,000 net new jobs are needed just to keep up with the growth of the American labor force. So another way of expressing what happened to jobs in October is to say 24,000 were added over what we need just to stay even.



Yet the American economy has lost 15 million jobs since the start of the Great Recession. And if you add in the growth of the labor force -- including everyone too discouraged to look for a job -- we're down about 22 million.



Or to put it another way, we're still getting nowhere on jobs.



One out of eight breadwinners is still out of work. Most families in the Average Worker economy rely on two breadwinners. So if one out of eight isn't working, chances are high that family incomes are down compared to what they were three years ago.



And that means the bills aren't getting paid.



According to a recent Washington Post poll, more than half of all Americans -- 53 percent -- are worried about making their mortgage payments. This is many more than were worried two years ago, when the Great Recession hit bottom. Then, 37 percent expressed worry.



Delinquency rates on home loans are rising. Distressed sales are up as a percent of total sales.



Most people in the Average Worker economy own few shares of stock, if any. Their equity is in their homes. But with all the delinquencies and distressed sales, the housing market has a glut of homes for sale. As a result, home prices are still dropping. So the net worth of most Americans is still dropping.



And even though interest rates are falling, most people in the Average Worker economy can't refinance their homes. They can't get home equity loans. Banks don't want to lend to the Average Worker economy because people in it are considered bad credit risks. They still owe lots of money, their family incomes are down, and their net worth has fallen.



And according to the Reuters/University of Michigan survey of American consumers, expectations about personal finances are at an all time low.



Inhabitants of the Big Money economy are celebrating Republican wins last week. They figure financial regulations will be rolled back, environmental regulations will be canned, the Bush tax cut will be extended to the top 1 percent, and it will be harder for workers to form unions.



Inhabitants of the Average Worker economy aren't so sure. The economy has been so bad they're angry at politicians. They showed their anger at the ballot box. They took it out on incumbents.



But if nothing changes in the Average Worker economy, there will be hell to pay.



Robert Reich is the author of Aftershock: The Next Economy and America's Future, now in bookstores. This post originally appeared at RobertReich.org.










Some weeks, there’s just too much to write about. This is one of those weeks. [Notice that I've fixed the grievous typo; no need to tell me about it again!] Not only is my brain percolating with my own ideas for articles, but the internet is abuzz with interesting stories about personal finance. Pity the blogger with a ton of material!


Rather than waste time with a long intro, I’m going to jump right in. Here are some recent articles you folks have sent me, or that I’ve found through my own web surfing:


Earlier this week, I sang the praises of index funds. If you’re interested in index funds, but don’t know where to start, you may want to consider ETFs, or exchange-traded funds. Nearly all ETFs are index funds, but they’re traded like stocks. Confused? Kiplinger’s has an informative article on how to make ETFs work for you. This isn’t just a light-weight breezy piece; it contains solid info.


Elsewhere, that lovable curmudgeon Warren Buffett is at it again. He has a talent for making both liberals and conservatives angry. In this case, Buffett says that the rich should be paying higher taxes. “Taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” Buffett told ABC News. “But I think that people at the high end — people like myself — should be paying a lot more in taxes. We have it better than we’ve ever had it.”


Next, GRS reader Brendan Quinn sent me a link to presentation he recently gave to fellow students at Boston College. In his talk entitled Your Money: Buy Anything You Want, Guilt-Free, Brendan covers what he calls the three rules of personal finance:



  • Spend less than you earn.

  • Make the money you have work for you.

  • Prepare for the unexpected.


I think it’s great to see college students taking the initiative to teach each other about financial literacy. Great work, Brendan!


Last week, The New York Times published a story about Nick Martin, who inherited $14 million ($10 million after taxes) in 1998. “But as so often happens to those lucky enough to realize the American dream of sudden riches,” writes Geraldine Fabrikant, “the money slipped through the Martins’ fingers faster than they ever imagined.” I used to mock folks who squandered sudden riches like this (and there are countless similar tales), but lately I’m more sympathetic. As Flexo at Consumerism Commentary wrote about this story, “It’s easy to be judgmental. The internet is a place where armchair quarterbacks feel comfortable. Very few people know what would happen if the same situation — an unexpected windfall — occurs to them.”


Finally, here are two recent articles from USA Today. Cindy Perman has a long (and controversial) piece about Americans dying with debt. Many boomers have little saved for retirement. But more than that, the article reports that “nearly 40% of retired Americans said they’ve accumulated credit-card debt in their twilight years — and aren’t worried about paying it off in their lifetime”. In happier news, here’s a short piece about a homeless Arizona man who returned a backpack containing $3300 cash and a laptop. Now, that is an awesome story.


There are plenty of other great stories in my stack, but this is already one of the biggest “Spare Change” round-ups I’ve ever posted. We’ll call this good for now.







bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off


Next time you hear an economist or denizen of Wall Street talk about how the "American economy" is doing these days, watch your wallet.



There are two American economies. One is on the mend. The other is still coming apart.



The one that's mending is America's Big Money economy. It's comprised of Wall Street traders, big investors, and top professionals and corporate executives.



The Big Money economy is doing well these days. That's partly thanks to Ben Bernanke, whose Fed is keeping interest rates near zero by printing money as fast as it dare. It's essentially free money to America's Big Money economy.



Free money can almost always be put to uses that create more of it. Big corporations are buying back their shares of stock, thereby boosting corporate earnings. They're merging and acquiring other companies.



And they're going abroad in search of customers.



Thanks to fast-growing China, India, and Brazil, giant American corporations are racking up sales. They're selling Asian and Latin American consumers everything from cars and cell phones to fancy Internet software and iPads. Forty percent of the S&P 500 biggest corporations are now doing more than 60 percent of their business abroad. And America's biggest investors are also going abroad to get a nice return on their money.



So don't worry about America's Big Money economy. According to a Wall Street Journal survey released Thursday, overall compensation in financial services will rise 5 percent this year, and employees in some businesses like asset management will get increases of 15 percent.



The Dow Jones Industrial Average is back to where it was before the Lehman bankruptcy filing triggered the financial collapse. And profits at America's largest corporations are heading upward.



But there's another American economy, and it's not on the mend. Call it the Average Worker economy.



Last Friday's jobs report showed 159,000 new private-sector jobs in October. That's better than previous months. But 125,000 net new jobs are needed just to keep up with the growth of the American labor force. So another way of expressing what happened to jobs in October is to say 24,000 were added over what we need just to stay even.



Yet the American economy has lost 15 million jobs since the start of the Great Recession. And if you add in the growth of the labor force -- including everyone too discouraged to look for a job -- we're down about 22 million.



Or to put it another way, we're still getting nowhere on jobs.



One out of eight breadwinners is still out of work. Most families in the Average Worker economy rely on two breadwinners. So if one out of eight isn't working, chances are high that family incomes are down compared to what they were three years ago.



And that means the bills aren't getting paid.



According to a recent Washington Post poll, more than half of all Americans -- 53 percent -- are worried about making their mortgage payments. This is many more than were worried two years ago, when the Great Recession hit bottom. Then, 37 percent expressed worry.



Delinquency rates on home loans are rising. Distressed sales are up as a percent of total sales.



Most people in the Average Worker economy own few shares of stock, if any. Their equity is in their homes. But with all the delinquencies and distressed sales, the housing market has a glut of homes for sale. As a result, home prices are still dropping. So the net worth of most Americans is still dropping.



And even though interest rates are falling, most people in the Average Worker economy can't refinance their homes. They can't get home equity loans. Banks don't want to lend to the Average Worker economy because people in it are considered bad credit risks. They still owe lots of money, their family incomes are down, and their net worth has fallen.



And according to the Reuters/University of Michigan survey of American consumers, expectations about personal finances are at an all time low.



Inhabitants of the Big Money economy are celebrating Republican wins last week. They figure financial regulations will be rolled back, environmental regulations will be canned, the Bush tax cut will be extended to the top 1 percent, and it will be harder for workers to form unions.



Inhabitants of the Average Worker economy aren't so sure. The economy has been so bad they're angry at politicians. They showed their anger at the ballot box. They took it out on incumbents.



But if nothing changes in the Average Worker economy, there will be hell to pay.



Robert Reich is the author of Aftershock: The Next Economy and America's Future, now in bookstores. This post originally appeared at RobertReich.org.










Some weeks, there’s just too much to write about. This is one of those weeks. [Notice that I've fixed the grievous typo; no need to tell me about it again!] Not only is my brain percolating with my own ideas for articles, but the internet is abuzz with interesting stories about personal finance. Pity the blogger with a ton of material!


Rather than waste time with a long intro, I’m going to jump right in. Here are some recent articles you folks have sent me, or that I’ve found through my own web surfing:


Earlier this week, I sang the praises of index funds. If you’re interested in index funds, but don’t know where to start, you may want to consider ETFs, or exchange-traded funds. Nearly all ETFs are index funds, but they’re traded like stocks. Confused? Kiplinger’s has an informative article on how to make ETFs work for you. This isn’t just a light-weight breezy piece; it contains solid info.


Elsewhere, that lovable curmudgeon Warren Buffett is at it again. He has a talent for making both liberals and conservatives angry. In this case, Buffett says that the rich should be paying higher taxes. “Taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” Buffett told ABC News. “But I think that people at the high end — people like myself — should be paying a lot more in taxes. We have it better than we’ve ever had it.”


Next, GRS reader Brendan Quinn sent me a link to presentation he recently gave to fellow students at Boston College. In his talk entitled Your Money: Buy Anything You Want, Guilt-Free, Brendan covers what he calls the three rules of personal finance:



  • Spend less than you earn.

  • Make the money you have work for you.

  • Prepare for the unexpected.


I think it’s great to see college students taking the initiative to teach each other about financial literacy. Great work, Brendan!


Last week, The New York Times published a story about Nick Martin, who inherited $14 million ($10 million after taxes) in 1998. “But as so often happens to those lucky enough to realize the American dream of sudden riches,” writes Geraldine Fabrikant, “the money slipped through the Martins’ fingers faster than they ever imagined.” I used to mock folks who squandered sudden riches like this (and there are countless similar tales), but lately I’m more sympathetic. As Flexo at Consumerism Commentary wrote about this story, “It’s easy to be judgmental. The internet is a place where armchair quarterbacks feel comfortable. Very few people know what would happen if the same situation — an unexpected windfall — occurs to them.”


Finally, here are two recent articles from USA Today. Cindy Perman has a long (and controversial) piece about Americans dying with debt. Many boomers have little saved for retirement. But more than that, the article reports that “nearly 40% of retired Americans said they’ve accumulated credit-card debt in their twilight years — and aren’t worried about paying it off in their lifetime”. In happier news, here’s a short piece about a homeless Arizona man who returned a backpack containing $3300 cash and a laptop. Now, that is an awesome story.


There are plenty of other great stories in my stack, but this is already one of the biggest “Spare Change” round-ups I’ve ever posted. We’ll call this good for now.







bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...


bench craft company rip off

This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>

Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...

Light Can Generate Lift - Science <b>News</b>

Researchers create a lightfoil that can push small objects sideways.

Congo Siasa: <b>News</b> we missed last week

News I failed to blog on last week: The newly ordained cardinal of Kinshasa, Laurent Monsegwo, arrived in Kinshasa from Rome on Wednesday to huge acclaim. Monsengwo is usually considered to be opposed to Kabila, but rarely takes public ...



















Wednesday, December 1, 2010

Making Money Your


Raising funds for a small business can be a daunting task for any fledgeling entrepreneur. Whether it be from friends and family or from the general public, finding investors, setting terms of the funding, assigning equity and filing compliance documents is a challenge. Enter ProFounder, a stealth startup that launches today to ensure that all entrepreneurs and small businesses have access to an easy and simple fundraising platform.


ProFounder, which has been in private beta for the past year, offers entrepreneurs two ways to raise money on the site: through a private fundraising round, and/or a public fundraising round. The private fundraising rounds allow entrepreneurs to share a percentage of their revenues with investors (their friends, family, and community) over time. Essentially, this type of fundraising round is an offering of securities, and ProFounder helps facilitate compliance with state and federal laws related to this offering.


Public fundraising rounds allow entrepreneurs to share a percentage of revenues with both investors (anyone can participate – friends, family, community, and general public too) as well as a nonprofit organization. For both public and private fundraising rounds, ProFounder has a limit of $1 million raised.


Entrepreneurs can apply to Profounder, upload a pitch to offer to potential investors and then create a term sheet with Profounder’s templated forms and compliance sheets. As stated above, the term sheets are based on a revenue-share model. ProFounder then gives businesses a page where they can invite friends, family, and investors to a destination page that allows users to make contributions and investments directly on the site.


The bonus of using ProFounder is that the platform allows unaccredited investors (i.e. friends and family as opposed to a venture firm) to participate, so anyone can be an investor. And entrepreneurs can set their own investment terms and ProFounder facilitates all of the compliance, including tracking the number of investor seats in each state where each of their investors live, making sure entrepreneurs know which compliance documents they need to file, making sure entrepreneurs know which filing fees to pay, etc.


ProFounder, which was is the brainchild of Kiva co-founder Jessica Jackley and fellow Stanford Business School alum Dana Mauriello, also manages payouts and will pull funds from the entrepreneur’s bank account every quarter to pay investors their share of the business’ revenues.


ProFounder makes money by charging a 5 percent fee (of a public raise) and/or a flat $1,000 fee for any private raises.


If a company pays out investors before the terms of the deal end, then founders can choose to donate the rest of the revenues to a non profit organization. For example, if you offer two percent of your revenues to investors over the next five years and within two years, everyone has been fully paid, then the next three years of two percent of your revenues will go to the nonprofit.


To date, ProFounder has facilitated 5 successful private fundraising rounds, raising a total of $155,000 and engaging a total of 108 investors. For example, Bronson Chang, a recent USC alumni moved back to his native Hawaii to help out with the family business—a candy shop in Honolulu. Bronson wanted to open another shop in the area and raised $54,000 from 19 community members including friends, family, and USC classmates. Bronson is also currently raising an additional $60,000 through a public investing round.


Another private beta tester, BucketFeet, is a start-up from two recent college grads that makes hand-painted sneakers. The fledgling entrepreneurs managed to raise $60,000 from 37 investors including friends, family, and classmates across the country.


ProFounder’s model is similar in some ways to Kiva’s microlending, which recently opened up its platform to American entrepreneurs. Other companies playing in the space include Kickstarter, and Prosper.


But Jackley and Mauriello say that with the 27 million new and existing small businesses in the U.S., there are plenty of opportunities to offer fundraising and investment platforms to this demographic. Eventually, ProFounder will include social networking integration and possibly a convertible debt option for term sheets, say Jackley and Mauriello. In the end, Mauriello says, it’s about making sure that small business entrepreneurs have access to much-needed resources in terms of raising money.


As part of the ongoing Mashable Awards, we’re taking a closer look at each of the nomination categories. This is “Must-Follow Non-Profit.” Be sure to nominate your favorites and join us for the Gala in Las Vegas! Sponsorships are available. Please contact sponsorships@mashable.com for more information.

When it comes to social good, the name of the game is creating or inspiring change, and often with limited resources. That’s why social media is so important for non-profit organizations. By allowing organizations to reach more people with less money, social media has become an integral part of the non-profit toolbox.

Groups are using social media a variety of ways, from raising money to engaging with constituents on personal and meaningful levels. The most important thing social media offers for non-profits, though, is a highly effective channel to spread awareness about their cause. “Having 10 million people is more important than $10 million,” Change.org founder and CEO Ben Rattray told Mashable recently. “For advocacy you need to mobilize people, and the web helps you mobilize people like never before.”

There are any number of worthy non-profit organizations utilizing social media in new and interesting ways; below are five that caught our eye this year as must-follow groups. Please share in the comments any other non-profits you think deserve a follow and nominate them for a Mashable Award.

1. Brooklyn Museum

More than just a great art museum, the Brooklyn Museum is one of the most social media-savvy organizations on the planet. From a mobile website that lets visitors tag items in the gallery (which, in turn, helps to organize the museum’s vast, 94,000-record online collection) to a Foursquareclass="blippr-nobr">Foursquare account that offers tips for things to do in the neighborhood and rewards mayors with special parties and other offers, the Brooklyn Museum is hip to the latest social media trends.

What’s really great about the museum, which can also be found on Tumblrclass="blippr-nobr">Tumblr, Flickrclass="blippr-nobr">Flickr, Facebookclass="blippr-nobr">Facebook, YouTubeclass="blippr-nobr">YouTube, and Twitterclass="blippr-nobr">Twitter, is that the staff is not afraid to innovate and try new things. They’re constantly testing out new social platforms and innovating new ways to use their current social media accounts. They even share the code behind some of their best ideas on GitHub!

2. Sesame Street Workshop

Sesame Street Workshop is the non-profit organization behind the beloved children’s classic television series Sesame Street, among others. And despite being 41 years old, these cats — er, Muppets — really know social media.

You can find your favorite Sesame Street residents on Twitter and Facebook (characters like Elmo, Big Bird and Oscar have their own class='blippr-nobr'>Pagesclass="blippr-nobr">pages). Where the Workshop really excels, however, is YouTube. Sesame Street Workshop has made its biggest social media splash on YouTube, with exclusive content that often features celebrity guests and frequent parodies of other digital media memes, such as the Google search stories or the Old Spice Guy, that prove the people behind Sesame Street know their stuff.

3. WildlifeDirect

Founded in 2006 by noted African conservationist Dr. Richard Leakey, WildlifeDirect aims to save endangered animals in Africa. The organization helps local conservation groups around Africa raise funds, awareness and support for their conservation projects.

WildlifeDirect can be found on many of the usual social media networks, such as Twitter and Facebook, but where it really shines is blogging. The organization has set up an active blog network of more than 100 field blogs penned by conservation groups across Africa. The blogs are one of the main drivers of donations to the conservation work that the organization supports, but they also offer a fascinating look into the struggle to save endangered species in some of the most diverse and threatened areas on Earth.

4. Kids Are Heroes

Founded in 2008 by Gabe O’Neill and his then 9-year-old daughter, MaryMargaret, Kids Are Heroes is a non-profit group that has the admirable goal of inspiring children to get involved in the act of giving back. The website offers profiles of more than 100 kids who have at a young age (some as young as 5-years-old!) had a meaningful impact on their communities and the world — whether by training diabetic service dogs, donating books to low-income families, or raising millions of dollars for out-of-work war veterans. The organization’s message is loud and clear: Kids can make a difference.

Along with the inspiring stories, the Kids Are Heroes website allows children to send “shout outs” to one another, and the group maintains active and engaging Twitter and Facebook accounts.

5. Darius Goes West

Darius Weems and the Darius Goes West project is a force to be reckoned with. Afflicted with Duchenne Muscular Dystrophy (DMD) — a genetic degenerative muscular disease that killed his older brother — Darius and 11 of his friends set out six years ago to travel across America with the ultimate goal of getting Darius’ wheelchair customized on MTV’s Pimp My Ride. The group filmed that trip and turned it into the much-celebrated documentary film, Darius Goes West.

Six years later, Darius Goes West has become a movement — non-profit vehicle to raise money and awareness for the search for a DMD cure that now seems so tantalizingly close. Darius, who continues to defy the odds, recently turned 21 years old and the Darius Goes West crew continue to come up with innovative ways to spread their message and raise money using social media. From raising money through Facebook widgets to inspiring people to do crazy things in the name of charity, Darius Goes West is a must-follow cause for their innovation and unflappable humor.

What’s Your Take?

Which non-profits should we absolutely follow? Let us know your picks and recommendations in the comments below or nominate them for the Mashable Awards.

The Mashable Awards Gala at Cirque du Soleil Zumanity (Vegas)/>

In partnership with Cirque du Soleil, The Mashable Awards Gala event will bring together the winners and nominees, the class='blippr-nobr'>Mashableclass="blippr-nobr">Mashable community, partners, media, the marketing community, consumer electronics and technology brands and attendees from the 2011 International CES Convention to Las Vegas on Thursday, January 6, 2011. Together, we will celebrate the winners and the community of the Mashable Awards at the Cirque du Soleil Zumanity stage in the beautiful New York New York Hotel. The event will include acts and performances from our partner Cirque du Soleil Zumanity. In addition, there will be special guest presenters and appearances.

Date: Thursday, January 6th, 2011 (during International CES Convention week)/> Time: 7:00 – 10:00 pm PT/> Location: Cirque du Soleil Zumanity, New York New York Hotel, Las Vegas/> Agenda: Networking, Open Bars, Acts, Surprises and the Mashable Awards Gala presentations/> Socialize: Facebook, Foursquare, Meetup, Plancast, Twitter (Hashtag: #MashableAwards)

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Cirque du Soleil has brought wonder and delight to nearly 100 million spectators in 300 cities on five continents. In 2010 Cirque du Soleil, will present 21 shows simultaneously throughout the world, including seven in Las Vegas.

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Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, class='blippr-nobr'>Internetclass="blippr-nobr">Internet and intranet-based applications including the BlackBerry® wireless platform and the new BlackBerry PlayBook. For the latest on the BlackBerry PlayBook visit the Inside BlackBerry Blog.

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