Wednesday, May 28, 2008

Make Some Extra Money Using Your Credit Cards

I am all about making the most money and making that money work for me and in turn make me the most money. The less I have to do and the more my money can do for me the better. That is my approach to credit cards if used properly are a very useful, and sometimes, necessary part of life. Credit has become so easily attainable that it has become a large problem for a large amount of people, we are seeing the results of that in the mortgage market now. What do I mean by that?

Don't carry a balance! Unless there is a legit emergency you should never carry an interest accruing balance on your credit card. Don't throw money down the drain, which is essentially what you are doing if you are paying interest on your gas, food, gadgets, or whatever else you put on there. If you don't have the money don't charge it. If you must charge it don't charge so much that you can't pay it off. If you won't be able to pay it off don't buy it, again unless it is a legit emergency.

If you have a balance currently then take advantage of interest free credit cards and balance transfers. This allows you a bit of extra time to pay down a balance. Don't use the interest free rate and period as an excuse to charge more or to only pay the minimum. This only works against you. Pay as much as you can and eliminate the debt before the intro low rate expires.

If you are brave and disciplined enough you can leverage your credit as a money making tool instead of having it be a drain. I had a friend of mine that explained this practice to me and how he was making literally $1000's per year off of his credit cards. I started doing what he told me and now I am making $1000's extra per year off the credit card companies. Let me explain.

If you are like me you probably get tons of credit offers in the mail all with varying intro rates and periods. I only look at the interest free offers and ones that tend to be over 6 months work the best with 3 months really being the minimum. Okay here is the trick. You can leverage your credit line for the 0% period to earn you interest via some other medium. I don't recommend the stock market as this is a bit too much risk exposure. I recommend high interest, short term CD's, or high interest money markets(paypal actually is a pretty good choice). Okay here is an example. Say you have an offer for a 0% card. You apply and get approved for a $10,000 limit with a 12 month intro period. I would leverage $8000 of that available balance and place it into a 9 month CD or a money market earning say 5%. You would earn approximately $300 dollars. Do this each year with about $40 - $50,000(my friend does more) and earn usually no less than $2000 extra per year. All for doing pretty much nothing and all in essence free. You can leverage this even further if the card is a perks card.

Let your credit be a useful tool and not a burden. Don't spend and use credit where you can't afford to. Stop wasting money padding some companies bank account and let your credit work for you not against you. Credit cards when used properly are great useful and necessary tools. Well there you go that is what I think about credit cards.

later all and have a profitable and productive blogging day

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Nate Whitehill 2.0

Nate Whitehill has redesigned his blog and the new theme looks great. He is calling the look Nate Whitehill dot com 2.0. You may also know Nate from one of his other ventures Unique Blog Designs. The blog design venture launched with the redesign of John Chow dot Com and Shoemoney.com and has been going great every since.

There were many, including myself, that were wondering why Nate had not yet gotten around to doing a redesign of his own blog NateWhitehill.com. Well here is the answer in his own words...
To make a long story short, I have been too busy working on blogs other than my own over the past nine months and simply have not had time to redesign my own blog, until now.
I can certainly understand busy. Up until this redesign Nate had been using a modified version of a free theme called Ocean Mist. He built his new theme from the ground up so that he could do it exactly how he wanted it. Stop over to his site and read through his article describing the evolution of his blog, the beginnings of Unique Blog Designs, and the process he went through in the redesign of Nate Whitehill dot com. Here is a screenshot of his new blog design.



later all and have a profitable and productive blogging day

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I've Said It Before But...Protect Your Identity

An identity theft incident just last week with a family member brought this issue to my mind again. As someone who is very "plugged-in" I am constantly monitoring my credit and updating my on and off line security measures. ConsumerAffairs.com has reported that for the seventh year in a row, identity theft tops the Federal Trade Commission's complaint list, accounting for 36 percent of the 674,354 complaints received between January 1 and December 31, 2006.

As bloggers and affiliate marketers we are all vulnerable to online identity theft. If you haven't yet taken steps to protect your identity I recommend you do so. If you are actively monitoring your accounts you still might want to consider a service like life lock or similar. These charge a small fee to protect, monitor, and guarantee your identity against theft. If you personally or you know someone who has been a victim of identity theft you know the damage and cost associated with it.

later all and have a profitable and productive blogging day

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Friday, May 23, 2008

Smorty Keeping Up With The IZEA?

I have used Smorty in the past for a few posts on some of my various blogs and really liked the payment setup as well as how they handled the posting requirements. The biggest drawback for me at the time was the community was small and the opps were limited. Because of this I gravitated to PPP and other mediums for earnings through posting and links.

During this time PayPerPost became IZEA and they have just recently launched SocialSpark. Well Smorty is not just standing around being passed by SocialSpark and PayPerPost. They have launched a new option for Smorty members. Smorty has a new Post Exchange Program is for the Smorty community to become stronger by helping each other. It simply aims to build a strong and ongoing inbound link structure and increase your online traffic. It is completely free to use and all approved blogs can participate. Post exchange works on a point based system. For every post you write, a different blogger can write a post for you in return. Exchange as many posts as you can until you have used up your chosen category of bloggers. For every post you write, a post will be written for you by a different blogger, one for one.

This is very similar to the sparks on SocialSpark. You don't get paid for the post but you do get to help out a fellow blogger in the process. If you haven't had a chance to check out Smorty you should stop over and give them a shot.

later all and have a profitable and productive blogging day

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SocialSpark - The Online Earnings Community For Bloggers

SocialSpark is a new site by IZEA the folks behind PayPerPost, Blogger's Choice, and Zookoda. SocialSpark is a Social Marketing Network that connects advertisers and bloggers through an online advertising marketplace. Advertisers are able to target blogs based on conversational topics and make cash sponsorship offers to the bloggers who publish them. Bloggers can make money by either placing display advertisements on their blog or by writing sponsored content. The sponsorships offered through the SocialSpark marketplace allow advertisers to build buzz, generate traffic and maximize social media exposure.

I know what you are probably thinking, "What is the big difference between PayPerPost and SocialSpark?" Or maybe your question is, "After all of the google pagerank problems with PayPerPost why should we even consider SocialSpark?" Well let me try and answer those questions for you.
  1. All links are no-follow, fully search engine compliant and must carry in-post disclosure.
  2. SocialSpark offers display ads as well as Sponsored Posts.
  3. Greatly expanded reporting capabilities and blog analytics.
  4. Ability to have bloggers or advertisers initiate a transaction.
  5. Social networking tools to foster communities and conversation.
I am really just getting into the meat of the site and starting to take advantage of the offers. I actually really love the "Spark" side of the site. You can take a spark, there are no earnings involved, and blog about whatever the spark creator is wanting and then they will reciprocate in some specified way. It is a great way to help out fellow bloggers and to get a feel for how the SocialSpark system works. Look for some of my upcoming series of posts The Saturday Spark!

later all and have a profitable and productive blogging day

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Thursday, May 22, 2008

Time Spike - A Phenomenal Debut Novel By Marilyn Kosmatka

If you like alternate history, fantasy, science fiction, or just plain good fiction, you should check out Time Spike by Marilyn Kosmatka & Eric Flint. Marilyn is the mother of a friend of mine Ted Kosmaka, another phenomenal writer. This is her debut novel and based on reviews and sales I certainly don't think it will be her last.
Buy it. Read it. You will love it. Keep your eyes open for more from Marilyn Kosmatka and I am confident you will see a debut novel from Ted Kosmatka in the very near future as well. For some of Ted Kosmatka's award winning short stories check out his website TedKosmatka.com. Ted has had his short stories published around the world in several different languages. One of his most recent stories The Prophet of Flores has been included in several of the Year's Best Science Fiction anthologies, and very well could earn Ted Kosmatka a Nebula Nomination and win.

later all and have a profitable and productive blogging day

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