Making Money to Change Lives

Improving the lives of the less fortunate should be a goal that everyone aspires to. But when time is short and funds are low, what can you do to lift others up without overwhelming yourself? Believe it or not, there’s a long list of easy-to-do ideas that can help you rack up much-needed organizational and supply funds for your favorite charities without making big financial mistakes. When the call for aid sounds, try answering with one of these simple solutions.

Raid Your Own Closet

From direct donations to a community clothes closet to local consignment stores to online clothes-selling sites, the pants, tops, and dresses you no longer wear could be a potential goldmine for a needy charity. To ensure the smoothest experience and the most money, make sure any clothes due to be donated or sold are washed well, don’t have any strong or unpleasant odors, and aren’t broken (articles with missing buttons, zippers and so on aren’t likely to be accepted).

For services like mail-in envelopes for online clothes sites, make sure you’re sending in a decent amount of clothing to get the best return on your work. Some people designate one or two days every year to gather up and send in their unwanted duds.

Not sure how to separate must-haves from the must-go pieces? On January 1st or any other day of the year, turn all of your closet’s hanger hooks the “wrong” way, with the hooked end facing you. As you wear and wash each item, hang it back up the “right” way. That way, you can look in your closet the following year and know that all the “wrong” hangers hold clothes that just don’t spark interest anymore.

Sell Other Items for Charity

With the rise of easy apps like the Facebook Marketplace Community, it only takes a few minutes and a cellphone with a camera to sell just about anything for cash. From leftover bags of mulch to an unused bicycle, with a little effort, anything can become a new source of income for your favorite cause.

Gather up several items at once and list them at the same time to increase your chances of one buyer snapping up multiple items, allowing you to make money with ease. Use clear photo shots (exhale just before hitting the shutter button to reduce blurriness) against a white background whenever possible.

If you prefer to use a more well-known platform for a large charity, the eBay Giving Works platform allows you to designate a percentage or whole of your item’s sale price to a registered charity of your choice. If you don’t have anything to sell personally, consider patronizing the charity directly by buying tickets to their events, bidding on silent auction items they may be selling, or purchasing necessary household items through a percentage-donation platform like Amazon Smiles.

Do a Shopping Assessment

Many companies have started noticing that people vote more with their dollars than ever before. Large chains like Target have started partnering with local charities and schools to donate a portion of sales proceeds in a given period of time. Even warehouse stores like Sam’s Club have followed suit, allowing customers to buy the items they need while supporting the charities they believe in.

If you’d like to put your money where your heart is, ask your cause if they’re partnered with any local businesses or store chains. If the answer is no, suggest a few popular businesses that offer this service and cater to fellow charity-lovers; not only will you be supporting them with your own purchases, you might just be helping them add up a windfall!

Use Apps to Search

Certain apps also allow you to connect your shopping loyalty cards to charitable causes, monetize your internet searches for spare donations, and so much more. If you’re going to spend money anyway, why not make sure that every dollar does some much-needed good?

If you’ve done volunteering and still wish you could do more, these ideas are a great way to make a huge difference. The financial needs of a charity are significant and varied, and chipping in with efforts like these can help take the pressure off of their bills.

 

 

Exploring the Various Ways To Pay For Higher Education

There are millions and millions of students in the United States. These young individuals strive for betterment, while attempting to learn a trade that will give them the ability to earn an honest living. Others would love to be able to return to school, but they unfortunately do not have the capital needed. What people fail to realize is that there is an abundance of ways to pay for higher education. The student loan is a hotly contested subject, but it will still provide students with the funds needed to complete their schooling. Below, you’ll discover a few other options.

The Student Loan

Over the years, millions of Americans have enrolled in colleges and universities with the backing of a student loan. www.financialhotseat.com reports that the number has decreased slightly over the past few years, but it is still astronomical. Nonetheless, millions still depend on lending institutes to provide them with the money needed to succeed. As long as you have a good credit score and choose the right educational course, it will be possible to use the loan to your advantage and pay it back within a reasonable amount of time. Nonetheless, for many the student loan will feel like a hopeless endeavor.

Federal Aid

Alternatively, many American citizens have turned to the federal government for assistance. Young Americans far and wide have submitted the Free Application for Federal Student Aid, or FAFSA, with the hopes of getting the money needed to complete school. Although this is a suitable option for many Americans, it should be noted that there are some restrictions. Only those under a certain income threshold will qualify for federal assistance. And, the program only allots a certainly quantity to each student. Nonetheless, federal aid is an excellent option for those interested in attending a vocational school or community college.

Scholarships

In the past, college students depended heavily on scholarships to advance through an institute of higher education. This still remains true today as well. High school students may very well be able to acquire scholarships through various means. They can do so through local charities, nonprofit organization and even through sporting programs. The possibilities are enormous and every little bit helps. Most might not be able to obtain everything they need through scholarships, but it will give them a little lead way and help to pay for many expenses.

Do Not Ignore Tax Breaks

It should also be known that the United States government encourages all American citizens to get an education. In order to better accommodate these individuals, the government has made some college related expenses tax free. This will make it possible for taxpayers to alleviate their tax bills by keeping track of and submitting their education expenses to the IRS. Every little bit helps and the money saved can easily be put to good use.

Overall

At the end of the day, it is no secret that getting a higher education in the United States can be enormous expensive. However, this should not feel like a hopeless endeavor. There is assistance available and you should never feel obligated to take out a student loan. Be sure to explore your other options, before contacting a lending agency!

Forex Day Trading Rules

Day trading provides a very profitable strategy in the forex market. You need to understand important forex day trading rules for you to be successful in trading. There is greater opportunity for investors to reap profits in the forex market. Traders can participate in the forex market through many ways. Day trading is one of such widely used methods.

Day trading is one of the most profitable methods available. Adhering to important forex day trading rules will greatly increase your odds of succeeding in the markets with a broker such as CMC Markets.

Here are important forex day trading rules to follow

Maintain Minimal leverage

An investor can use leverage to participate in high worth trades using little funds in his/her account. Leverage is meant to allow an investor the opportunity to trade in high worth trades, however, it is a high risk and can lead to a massive loss if due care is not observed. Never expose your funds to higher market risks than you can afford. Minimize leverage to only the amount you can afford to lose without many regrets. Don’t expose much of your funds to the markets in the prospect that you are going to make huge returns.

Have a Trading Plan

Have a plan that specifies trader entry, exit and money management criteria. Backtesting–applying trading ideas to historical data, will allow you to determine if your trading plan is viable, and also show the expectancy of the plan’s logic. Once you have tested your plan, you can use it in real trading. And remember to stick to the plan; trading outside the plan destroys expectancy the plan may have had.

Protect Your Trading Capital

Avoid taking unnecessary risks and do everything you can to preserve your trading capital. It took you time and much effort to acquire your capital so practice to protect it. Beware that protecting your trading capital is not tantamount to not having losses; all traders have losing trades, it is part of doing business.However, do not expose lots of your capital to the market risks. Focus on preserving your capital when day trading. Don’t be driven by the urge to make huge profits in a short period of time; this can lead to losing even your initial capital. Trade in a way that preserves your capital while at the same time enjoying steady capital growth.

Understand the Operation of Your Broker

Deeply understand how your forex broker firm operates. Do this when researching for a forex broker to commit to. There are numerous forex brokers in the market, each offering different trading tools and platforms, terms and conditions. Understand the trading platform used by a broker and the trading tools.

Have a Trading Methodology Based on Facts

It takes time to develop a sound trading methodology. Come up with a trading plan based on facts, not emotions or hope. Do not be in a hurry to learn, this way it will be easier going through hips of information available on the internet to develop your trading methodology. Learning how to trade is synonymous with taking a new career; you will need to first study at a college or university for a year or two before qualifying for that career.

Risk Only What You Can Afford

All the money you invest in a trading account should be truly expendable. Don’t use money needed elsewhere for trading. For example, don’t take money for your kid’s education or for paying mortgage to start trading with. Even don’t employ the thinking analogy that you are borrowing money from those important obligations. You should be prepared to lose all the money invested in a trading account. That’s why you must not borrow money from your other important obligations to invest in trading.

Conclusion

Think of forex trading as a continuing education; be focused on learning something new each day. Forex trading calls for understanding the markets, and all their intricacies, and this is an ongoing process. Keeping on doing research allows a trader to learn the hard facts. Being focused and observant allows a trader to gain instinct and notice the hints. This is what helps a trader understand economic reports and how they affect trading.

Events, world politics, economies, and even the weather affects trading on the markets. Since the market environment is dynamic, it is inevitable that you understand the past and current markets. This way, you are better prepared to face the future.

The Basics Of Trading Online Through A Forex Broker

There is practically no one who does not like to earn money from home. These days, trading online has become one of the most convenient ways of earning money directly from your home or office.

What is online trading?

Online trading is basically a financial trading system on internet where the traders trade assets through an online trading platform. Before starting trading online with https://www.xtrade.com/ we need to understand the basics and essentials of it. You need to be patient and try many systems and platforms before you jump in.

When you start with the trading, you need selecting a good online trading Forex broker and a good online trading software platform. The knowledge of computer is required, fast internet, online banking account and online trading account are required to start trading online. In addition the online trader needs to know the knowledge of trading the financial asset like stocks, Forex, commodities etc. and the factors affecting the movement of the prices of these assets.

How to start trading online?

If you want to start online trading, you need to first select which of the financial assets you want to select. You can choose from a wide variety of markets like stock exchange, Foreign exchange, commodities market, CFD trading and others. After selecting a financial asset look for an online Forex broker providing such services. When you trade online, it is the online broker who provides the facility for you to trade online. Select a good and reliable online broker of your choice and first try their services with a demo account to test it.

Testing The Forex Broker

While testing the Forex broker it is also important to check the software trading platform provided by the broker which should be good enough for you to trade efficiently. A web based software trading platform is generally preferred than a downloadable software based trading platform. Select the best broker and the trading platform and open an account with the broker and start trading. There are some basic tips you should follow when you start trading online. Don’t start overtrading right from the beginning and start trading with low investments to understand the trade first. You should trade with a discipline and trade with proper strategies in place which bring success to the account you have at your Forex broker. Always try to cut your losses and grow your profits.

Safety measures for online investors

  • Here are the safety measures you should follow when trading online.
  • Never share your online account password with anyone whom you do not trust
  • Before starting trading professionally, understand your trading software fully and how to run it
  • Be prepared for losses too because they are the part of the big game
  • Always logout when you finish trading online
  • Don’t use cyber cafes to trade online because someone else can use your account if you do not take safety measures
  • Keep your computer updated with the antivirus software to avoid hacking of your trading account

How to Invest In a Broad Selection of Assets?

Asset allocation is an important technique used by successful investors to balance the risk vs. reward ratio by diversifying their portfolio based on the investment goals, risk tolerance and time frame of investment. Once the investor decides his investment goals and risk appetite, he starts to narrow down his investment budget and starts dividing his funds among various asset classes based on their risk/reward profile. The broad range of asset classes which share similar risks versus returns ratio includes:

Bonds and Securities: They provide fixed income on regular basis and can be short-term or long-term, Corporate or Government Bonds. They can be based on domestic or foreign markets.
Stocks: Stocks are the most traditional assets which can be categorized based on sectors, small-cap, mid-cap and large-cap, dividend yield, growth, value etc.
Commodities: This includes precious metals like Gold and Silver, energy and fuels, agricultural produce, other metals like copper, iron etc. They do not yield regular income to the investors.
Derivatives such as futures contracts, stock options, binary options, collateralized debt etc. These are financial instruments derived from other form of assets such as stocks and commodities.
Collectibles like ancient stamps, historical documents, ancient coins and artwork.

Apart from the above asset classes, some investors also prefer to invest in private equity, foreign currencies, mutual funds, real-estate, insurance products etc. The reason investors prefer to spread their funds across different asset classes is to ensure minimum losses and higher returns on investment. Before investing in any asset, investors have to analyze the pricing versus performance of the particular asset and then decide the percentage of funds they should allot for same. Investors also follow different asset allocation strategies such as core-satellite asset allocation, tactical asset allocation and strategic asset allocation.

Tactical Asset Allocation – This is an aggressive investment strategy in which the investor tries to position his/her investment portfolio among assets which yield the highest returns.

Strategic Asset Allocation – This long-term investment technique aims to maintain a diverse portfolio which can guarantee optimal balance between ROI and expected risk.

Core-Satellite Asset Allocation – It is a hybrid investment technique which makes use of both tactical and strategic asset allocation methods.

Investing in broad selection of assets is very important in order to remain profitable during tough economic conditions. You should diversify your portfolio by investing in disparate asset classes so that even if one of the assets is not performing well, other assets will help you maintain the balance. You should also plan to diversify within a single asset class by analyzing the market conditions. For example, when you are investing in stocks, you should not concentrate on one particular sector or stocks of any individual company. You should invest in stocks of different companies belonging to various sectors and diversify your funds across large-cap, mid-cap as well as small-cap companies. You should not just invest in U.S stocks but also concentrate on foreign stocks of emerging countries with potential growth opportunity. You should follow the live news feeds and keep watching the market trends through various technical indicators such as charts and graphs. Always have the economic calendar handy with you and don’t miss the important market updates and financial announcements. You can also purchase Equity funds which have long-term growth potential by investing in shares of wide selection of companies. Some equity funds also guarantee regular income which is preferred by some investors.

Collectibles such as ancient coins and historical documents are also good assets for long-term investment which can guarantee substantial returns. Government and Corporate bonds are preferred by Investors who expect Capital growth as well as regular income. Bonds usually promise to pay the bearer certain amount of interest during its lifetime and the principal will be repaid at the time of maturity of the bond. You can also invest in commodities like Gold and silver which do not offer regular income but can be used to hedge against volatile market conditions. Many investors use Gold as a hedge against weakening dollar or stock market. Some investors also make money by trading binary options which involves predicting the future market price of underlying assets such as stocks, commodities and forex currency pairs.