3 comments on “Investment Guide – How to invest money for Beginners in 2019”

Investment Guide – How to invest money for Beginners in 2019

Last Updated: 7th August, 2019

  1. Personal Investment: Introduction
  2. Personal Investment: Investing For Beginners – Know Your Savings Goals
  3. Personal Investment: RRSPs vs. TFSAs
  4. Personal Investment: Retirement Planning – CPP And Beyond
  5. Personal Investment: Bonds – The Safe Bet
  6. Personal Investment: Playing The Stock Market
  7. Personal Investment: Conclusion

1. Introduction

The article “Canada Beginners Guide to Personal Investment” covers simple “tips” for dummies or beginners on how to start your personal investments without hiring a financial consultant. This is the best article to learn how to Invest in Canada in 2019.

I assume you have a steady job and ready for investments. Big or small amount doesn’t matter. The important thing is that you need to start investing. Now, keep at it for the next four decades or so and you’ll be able to retire. Successful money management goes beyond just saving a portion of what you make. To really get the most out of your earnings, you’ll need to put it to work in a few choice investments.

2. Investing For Beginners – Know Your Savings Goals

Not sure where to start? Whether you’re already planning for retirement, or saving up for another life milestone such as your first home, here are the basics for beginning investors.

3. RRSPs vs. TFSAs

Most Canadians are more familiar with Registered Retirement Savings Plans (RRSPs) than they are with Tax-Free Savings Accounts (TFSAs). This is in part because RRSPs have been around as a retirement savings’ vehicle for Canadians since 1957, and TFSAs only came into effect at the beginning of 2009.

Participating in both programs is similar in that you invest in a suite of options through your financial institution. But RRSPs get a boost from the fact that you get immediate tax savings (in the form of a deduction from your taxable income for the year in which they’re purchased). The tax-savings with TFSAs is that any money you earn on investments is non-taxable. (Down the road, when you do withdraw money from RRSPs, you’ll have to claim that as income at the time.)

While the upfront income tax savings from RRSPs may seem enticing, the fact is that if you’re just early in your career, and therefore making a relatively low income, you’re better off investing in TFSAs. Here’s why:

Let’s say you’re making a fairly low salary – the current national median income is $27,800 – and, you still manage to set aside $1,000 to invest. At the current minimum tax rate of 15 per cent, your tax-savings may only amount to a few dollars. But if you invest that $1,000 in a TFSA, it could grow significantly larger over time. A $1,000 investment that grew at five per cent a year would be worth $4,322 after 30 years.

If your career blossoms and you find yourself earning six-figures one day, you’ll be taxed at a rate of 26–29 per cent, making RRSP deductions a more-valuable consideration.

TFSAs also have another advantage over RRSPs in that you’re able to withdraw the funds whenever you want, without penalty. This makes them a useful savings vehicle for other big expenditures, such as the down payment on a house.

Keep in mind that both RRSPs and TFSAs offer the option of keeping your savings in cash, or investing them further in a GIC or stocks for further interest earning.

Check out this handy graph to learn more about RRSPs vs. TFSAs

4. Retirement Planning – CPP And Beyond

Current Canadian retirees benefit from two government-run pension programs: the Canada Pension Plan (CPP) and Old Age Security (OAS). The maximum monthly CPP payment in 2013 is $1,012.50. The current maximum monthly payment for the OAS is $550.99. Add that up, and you’re looking at $1,563.49. That works out to $18,761.88 a year.

It’s save to say that most of us wouldn’t be able to survive on that alone.
And even that may not be available when you’re ready to retire; in the 2012 budget, the age of eligibility for receiving the OAS was moved from 65 to 67 years of age. This is the first of many anticipated changes to the federal pension programs to deal with the fact that Canadians are living longer, and there may not be enough younger ones in the workforce to support all the baby boomers through a lengthy retirement period. In short, the onus is on young people to plan on financing their own retirement funds.

5. Bonds – The Safe Bet

The downside with investments held within both RRSPs and TFSAs is that they’re tied to stock markets and the overall health of the economy. The general trend has been for these types of investments to grow over time, but major market crashes – such as occurred in 2008 – can have devastating effects on people’s investments. In fact, many Canadians had to modify their retirement plans when the economy tanked and took a good chunk of their nest egg with it.

The principal invested in a savings bond is guaranteed by the government, making them as close to you can get to a sure thing. But that safety comes at a price: the current series of federal savings bonds pay a mere one per cent interest on the first year of the investment. And you don’t get any interest if you cash them in before the year is up.

6. Playing The Stock Market

Investing directly in individual stocks is the area where you can make the biggest gains, or take the biggest losses. But for every seemingly never-ending stock rise (Google’s $85 initial IPO price in 2004 has soared to approximately $1,010 in November 2013) there’s a reminder such as one-time stock market darling Research in Motion of how quickly things can change for the worse. RIM reached a high of more than $140 a share in 2008, but had dipped to less than $14 a share in 2013. You’ll also have to factor in brokerage fees for every transaction you make.

7. Conclusion

Different strategies work for different investors and different situations. An investor might employ more than one strategy, or choose a variety of investment vehicles depending upon their goals.

So, have a plan and a strategy.

Just like going on trip in your car, it is important that investors have a plan and a destination in mind before investing their money. Your goals—whether planning for retirement or buying a home—dictate your time horizon, which dictates your tolerance for risk. Additionally, you want to make sure that you diversify your investments so that some do well when the rest of your portfolio might not. This approach allows an investor to construct a portfolio that is in line with their risk tolerance and that balances potential return with some downside risk protection.

Hopefully this article has provided some insights and good ideas as you invest for your future.

Your journey is just beginning, however, your challenge is to keep learning and stay informed.

1 comment on “The world’s first fully painted feature film! Loving Vincent”

The world’s first fully painted feature film! Loving Vincent

Worlds-First-Oil-Painted-Film

Last Updated: 13th February, 2019

Vincent Van Gogh Movie

Moment from the film ‘Loving Vincent’ in which each frame consists of an individual oil painting. Total of 65,000 frames were made and approximately 125 artists painted the movie frame by frame.

Loving Vincent is the world’s first fully painted feature film produced by Oscar-winning studios Breakthru Films and Trademark Films.

Biopics are a dime a dozen come award season, but Loving Vincent, about iconic Dutch artist Vincent van Gogh, stands apart from the field as the world’s first-ever fully painted full-length movie.

In a category known for featuring children’s films, Loving Vincent is comparatively gritty fare, telling the dark story of the artist’s final days. Though Van Gogh is thought to have committed suicide, the movie explores the possibility that he might actually have been murdered.

This movie totally got robbed of the best animated feature Oscar. Unfortunately, nobody saw Loving Vincent and everybody saw Coco.

Synopsis

A year after the death of the artist, Vincent van Gogh, Postman Roulin gets his slacker son, Armand, to hand deliver the artist’s final letter to his now late brother, Theo, to some worthy recipient after multiple failed postal delivery attempts. Although disdainful of this seemingly pointless chore, Armand travels to Auvers-sure-Oise where a purported close companion to Vincent, Dr. Gachet, lives. Having to wait until the doctor returns from business, Armand meets many of the people of that village who not only knew Vincent, but were apparently also models and inspirations for his art. In doing so, Armond becomes increasingly fascinated in the psyche and fate of Van Gogh as numerous suspicious details fail to add up. However, as Armond digs further, he comes to realize that Vincent’s troubled life is as much a matter of interpretation as his paintings and there are no easy answers for a man whose work and tragedy would only be truly appreciated in the future.

0 comments on “Top Biggest Mistakes Startups Make”

Top Biggest Mistakes Startups Make

startup_mistakes

Last Updated: 7th August, 2019

How to Avoid the Mistakes that Startups Make

As a fellow entrepreneur, I’ve had my share of business success and failure. At the end of the day, I believe that failure is just as important as success, as it teaches you what to do, or not to do, next time.

That said, there’s nothing wrong with seeking out advice, especially when you’re new to the game.

If you’re a startup or toying with the idea of bringing a new product to market, here’s a look at seven big mistakes that startups tend to make. Avoid these whoppers and save yourself from having to learn everything the hard way!

Everyone makes mistakes, and it’s no different for entrepreneurs launching a new business. Getting a little tripped up here and there is natural, but for a startup, even little errors can become costly down the line.

Luckily, countless entrepreneurs have blazed the startup trail before, and many of them have committed common mistakes the rest of us can learn from. With a little bit of planning and the wisdom to learn from the advice of others, you can avoid some typical stumbling blocks.

1. Don’t be afraid to fail.

“The biggest mistake you can make is to be afraid of failure. Failure is key to your success, and jumping into your fear is very positive for your future business. How you pick up after failure and learn from your mistakes is the key to great success.”

2. Skipping The Business Plan

I realize it’s 2018. But a good old-fashioned business plan is just as important now, as ever. This doesn’t mean that it needs to be contained in a three-ringed binder of yore, but it does mean taking time to run the numbers, create your identity, and develop your sales and marketing plans –and target milestones. If you don’t know where you’re going, you’ll have a hard time getting there. A business plan will help to keep you on track. Plus, if you’re hoping to secure funding, you’ll need this.

3. Don’t misinterpret your market.

“The biggest mistake a business owner can make when launching a startup is misinterpreting the market. Whether it is underestimating [or] overestimating costs, appealing to the wrong target demographic, or poorly gauging the demand, misinterpreting your market can end your business before it even starts.”

4. Not Accurately Gauging Interest

Yeah, I know. You’re in love with your product/idea/brilliant innovation. But is anyone else? Besides your mom? While bringing a new product to market is hard, bringing a product that will have little demand is even harder. In fact it’s soul-destroying. Don’t do it unless you’re certain it’s going to be well-received.

5. Not Defining Your Target Market

Before you launch a product into the ether simply hoping for the best, you’re going to need to run some numbers and create an accurate projection of how well that product will perform. Your first step in this journey is pinpointing your exact target market. Without a clear idea on WHO you’re marketing to, and what, exactly they’re interested in, you’re going to have a hard time pitching and promoting your product. Trust me, it’s hard to sell something when your audience isn’t even sure they want it.

6. Forgoing All Advertising Efforts

It’s 2018. These days, we need online advertising to succeed. The truth is there’s only so much that you can do with organic reach and word of mouth. At the end of the day, if you want to grow significantly, you’re going to need to pay to play, and invest in a Facebook/Instagram/Google ad campaign. Fortunately, ads have come a long way in recent years, and today, it’s easy enough to create a campaign that’s extremely targeted; drastically increasing your response rate. This is another reason why it’s important to know your audience. If you don’t, you won’t be able to reach them very well.

7. Pretending That You Don’t Have Competition

“I don’t have competition, I’m in a league all of my own.” I hear it often. Don’t fool yourself though, you have competition, just like everyone else. The secret to rising above isn’t pretending it doesn’t exist, instead it’s about finding that chink in their armor. Where is your competition lacking? How can you offer more value? Most importantly, is that value something that your customers actually care about? If you have a definitive answer, then by all means continue to pursue your business. But if you’re basically the same, but slightly different, then I’d tread carefully.

8. Ignoring The Elephant In The Room

You know what I’m talking about –that looming threat on the horizon that you’re uncomfortable about. This could be a strong competitor, waning interest in your product, shifting market conditions. Whatever it is, don’t ignore it in hopes that it’ll get better or go away. Because it won’t. You need to rerun the numbers and projections keeping this guy in mind. Years ago I started up an import business, but didn’t take into account rising oil prices. When oil went up, my profits went down and eventually the entire business model was no longer viable. Don’t ignore the elephant. Always keep it in mind when formulating your attack plan.

9. Learn how to delegate and avoid micromanaging.

“As a startup, there is sometimes a lack of self-awareness. Founders in the early stage are not great at delegating work to their team members. They try to do everything that they possibly can to cut costs, but really, in the long run, they should have delegated the things that they are not good at and focused on their strengths. If you are aiming for multiple targets at once, you are very unlikely to hit one.”

10. Being Stuck

As a startup, being flexible is key to survival. This doesn’t mean that you should flake out every 5 minutes, but it does mean being able to change direction when the winds change. Take Nokia, for example. They were a paper mill when they first started out. Or Sony. They sold rice cookers. Don’t be so in love with an idea that you’re blind to other opportunities. As a startup, your ability to pivot and flexibility is your strength. Think on your toes, make changes when you need to, and keep your eyes and ears open. Always have a backup plan.

If all of this sounds like a lot of hard work, that’s because it is. Success as a startup isn’t easy and it’s not getting any easier. But the truth is that big things rarely happen to those who are content to sit and wait. Instead, success is the result of a hard and difficult pursuit. It’s not always easy, but I believe that it’s worth it. With the above suggestions, you’ll already be 500 miles ahead of all the other guys out there.

Agree? Disagree? Any questions, hit me up.

3 comments on “Simple Artwork to Relieve Stress”

Simple Artwork to Relieve Stress

Artwork_to_relieve_stress

Last Updated: 28th July, 2019

How to relieve stress using Art

Ever heard that you can use the benefits of art to express your creative side and also to reduce stress? Yes, it’s true that creating Artwork can really minimize anxiety and lift your mood.

So next time when you are stressed, maybe your answer could lie in the pages of a sketchbook. Don’t worry, everyone is not good at art and to be honest, it doesn’t really matter.

Wondering Why??? Okay, let me explain. Even if you are NOT good at sketching, or artwork, you can simply color Pictures that Can help Relieve Anxiety. In this technique, no Drawing Skills are Necessary.

We all understand and current medical studies also show how chronic stress negatively impacts health, potentially compromising numerous systems in the body leaving us more vulnerable to a lot of health issues. So, here are TOP proven techniques of creating artwork that can reduce stress:

1. Drawing to have a relaxation response.

Grab a pencil or sketch-pen. The repetitive and rhythmic motion of drawing helps synchronize hand and eye, body and mind, and can be used as a relaxation response.

Drawing is a right side brain activity, while stress occurs in the left side of the brain, since it is what handles logic and emotional aspects of your life. When you draw it shifts activity to the right side of the brain, which is the creative side, relieving stress and thoughts that the right brain is placing on you.  It is very rewarding to create a sketch or painting.

Drawing is similar to meditation, but in a more “productive” form.

2Release Emotion onto your page.

Without intending to draw anything in particular, simply apply your drawing utensil to a blank sheet of paper. Close your eyes. Focus on whatever emotions you’re feeling and would like to get rid off. Allow your emotion, not your mind, to dictate the movement of the pen, pencil or sketch-pen. Whatever comes out on the page is simply an expression of what you’re feeling.

Try this and you will definitely feel a lot more relaxed.

3Realize that the WORLD isn’t perfect, but it’s colorful.

The most beautiful things in this world have character and experience built into them. Imagine drawing the various shades of a morning sunshine, the dark side of night, or a budding flower. With artwork, you will realize how beautiful this world is.

4. Share your Artwork

An exquisite piece of artwork can easily be shared and bring a “smile” to the person who’s admiring it.

Benefits of Art Therapy

One of the reasons that clinical art therapy is effective is that the act of drawing and creating art can help you relieve stress in several ways. Read on to see why creating art doesn’t have to fit a certain mold to be a great idea for you.

Here are some ways that creating art can alleviate stress:
 
  • Distraction: Drawing and art can take your mind off of what’s stressing you, at least for a few minutes. It’s difficult to keep ruminating on your problems when you’re focused on creating, and if your problems stay with you, you can incorporate them into your creations. And when you’re finished being engrossed in your sketches, you should have a clearer head with which to tackle your problems again.
  • Flow: There’s a certain quality of being called “flow” that experts say is very beneficial for us. This refers to a state of being completely engaged in something to the point of being in a near-meditative state. It carries many of the benefits of meditation, leaving you much less stressed when you’re done. You can experience ‘flow’ when you’re doing creative activities like writing and even gardening. You can also get it from drawing.
  • Self-Care: Just the act of having a hobby can make you feel more balanced in your lifestyle. Sometimes, with all of life’s responsibilities, we forget that we need and deserve ‘down time’ and self-care. Taking even a few minutes on a regular basis to devote to a hobby can give you more of what you need in this area. And, with drawing, you have the additional benefit of being left with something beautiful (or at least interesting) to show for it.
 

Art Project Ideas for Stress Relief

A great way to use the act of drawing for stress relief is to maintain a sketch diary. Keeping a sketchbook can be a form of journaling, and it can be cathartic, creative, and stress relieving. You can use a journal for personal art therapy and stress management in the following ways:

 
  • Sketch pictures that describe your feelings related to things in your life that are causing you stress currently. If it’s in the back of your mind anyway, this could be a way of processing your related emotions, reducing some of the stress they carry.
  • Sketch abstract pictures that express feelings related to past stressful experiences, as a way of processing your emotions and healing. This can be a form of journaling but can be especially helpful for those who are more comfortable with ideas and emotions that don’t need to be put into words.
  • Keep a “Dream Sketch Diary”, and sketch scenes from dreams you’d like to remember or better understand. You can also keep a “Gratitude Sketch Diary” to catalog what you’re grateful for in your life. There are several different types of sketch diaries you can create and enjoy.
  • Keep a sketch diary of what you think is beautiful in life. Draw the faces of those you love, places that bring you peace, or other pieces of beauty. The process of sketching can be a great stress reliever, and revisiting your creations can also bring you some peace in the future.
  • Start enjoying some of the adult coloring books that have become popular—they can be especially relaxing for those who don’t feel artistic but want to create easy, beautiful, and stress-free pictures.

 

Artwork for Stress Reduction

 

RELATED POSTS: The World’s first Oil Painted Movie

2 comments on “Top Passive Income Ideas, With minimal efforts and time (less than 52)”

Top Passive Income Ideas, With minimal efforts and time (less than 5%)

Last Updated: 22nd July, 2019

Ever wondered what could be the top passive income investments? There could be many passive income opportunities, however in this article our endevour is to highlight only the best passive income investments.

— Robert Kiyosaki says, “The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money…but never to have money work for them.”

The above quote is so true, but we hardly give it a thought. Let’s say when we have limited cash, we either think about

working more hours

Or

to ask for a raise so that we can turn our time into more money.

Right?

In this article, we will discuss about the other ways in which you can plant seeds so that your money grows in autopilot mode, i.e. even without actively putting your time & efforts to make money in the longer run.

Before discussing the ideas, let’s look at the difference between Linear vs Passive Income.

Linear Income:

This represents the people who trade Time for Money, for e.g employees or self-employed.

L-1.png

Now let’s understand what’s wrong with this approach.

First thing is your income is limited and will always be limited. Reason is — there’s only 24 hours in a day & 365 days in a year. As you are trading time for money, and since time is limited, so is the money.

Passive Income:

This represents the people who’s income doesn’t depend on their presence, for e.g. Business Owners and Investors. 

They would rather earn 1% off a 100 peoples efforts, than 100% of their own efforts.

L-2.png

This is how money works for you, because now you have created a system which is not time bound… Agree?

Now as we have covered the importance of passive income, we know that making money will not be easy and take a lot of hard work. Correct???

Below is a comprehensive list of Passive Income Ideas and depending upon your situation, you can work on any of them:

1. Invest in Crowdfunded Real Estate

Real estate can be a great way to make money while you sleep. However, because it costs so much to purchase a home, using a crowdfunding platform to invest in real estate debt can be a more affordable option.

If you want an easy, low-cost way to invest in real estate, consider using a company like Fundrise. You only need $500 to get started, and they have three main eREITs to choose from.

If you want more options, there is another company called Realty Mogul which has a minimum $1,000 investment.

Even though their minimum is higher than Fundrise, their annual fees tend to be much less since they are between .30% and .50% depending on the deal.

You can also consider checking out Realty Shares which is one of the largest crowdfunding companies around today.

While most deals require at least $5,000, they occasionally offer properties with a $1,000 minimum. The cool thing about Realty Shares is that you get to hand pick the property you invest in.

Want to invest in a specific hotel or a certain apartment complex? They allow you to do just that.

Right now you can use the promo code Partner100 to get $100 bonus for signing up.

Want to buy a rental property and save on Realtor fees? Check out Roofstock which is an online marketplace to buy and sell rental properties. They have a 30-day money-back guarantee, no questions asked.

Keep in mind that there are risks to investing. It is also worth noting that we do have an affiliate relationship with these companies.

2. Dividend Income

Dividend income is dividends paid to shareholders of stocks in the form of cash in your bank account. Dividend-paying stocks are especially enticing for those wanting to make a living with passive income, as they will get payouts each quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks.

If you are going to go this route, make sure that you educate yourself and pick solid stocks so that you can depend on your dividend income for years to come.

If you don’t have an investment account, check out Ally Invest because trades are as low as $3.95.

This low fee is awesome because most brokers charge around $10 per stock trade.

3. Peer-to-Peer Lending

Peer-to-peer lending is when you loan other people money who don’t qualify for traditional financing. With investment returns often in the 6-10% range, investing money with a company like Lending Club can get you much higher income results than a typical savings or money market account.

4. Get Out of Debt

The less money you’re paying in interest to creditors, the more money you have in your pocket each month. Talk about a simple form of passive income. Getting out of debt quickly can increase your income even more because you’re no longer paying interest to creditors each month.

So if you have high-interest debt that you want to get a lower interest rate on, check out Credible as that have rates as low as 4.99% for refinancing your credit card debt.

5. Open a High-Yield Account

Are you looking for a low-risk way to make passive income? Then look at opening a high-yield savings account with an online bank like CIT Bank that pays 22x more than traditional banks. The currently are paying 1.55% which is unreal.

The yields are much higher than most local banks but still come with FDIC insurance. While this won’t make you filthy rich, it will be a safer way to make consistent income and not lose your money since they are FDIC insured.

6. Write a book

Once the initial work of creating the book is done, and you’ve spent some time developing an effective marketing plan, selling books can be a great way to produce some serious residual income.

I wrote a book called You Can Retire Early and I get a 10% royalty for every book that gets sold.

Once your book is available on a site like Amazon, you could receive a check each month for doing absolutely nothing. Obviously, the more time you spend marketing your books, the more money you’ll make.

7. Rent out a Room in Your House

Do you have an extra room that you rarely use? Why not rent it out to someone looking for a short-term rental on Airbnb. There are millions of people using Airbnb to find a place to stay instead of staying at a hotel, sometimes even for months at a time.

While this is not entirely passive income, it can take a little upfront work but, the returns can be amazing. My friend Steve and his wife make over $1000 per month renting out their spare bedrooms.

If you end up giving this a shot, consider getting a maid service to minimize the amount of time you spend on transitioning from one guest to another.

8. Affiliate Marketing

If you have a website already then this is a no-brainer. Some people are making over $50,000 per month like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.

If you don’t have a website, you can start one for less than $3/month. Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to make passive income because when people click on the affiliate links on your site, you receive a commission at no additional cost to them when they purchase a product or service.

9. Get Cash Back on Shopping You Already Do

You have to shop anyway, so why not get cash back on things you’d normally buy in the first place? I use a site called Ebates that will pay you $10 just for signing up and, it is free.

With their double cash back specials, you can double your passive income earnings if the right items go on sale.

The key to shopping sites like this is to commit to buying only what you normally would purchase and not buy things just because they are on sale.

10. Create an Online Store with Drop Shipping

With the explosion of eCommerce, drop shipping has become very popular. Here’s how it works: you create an online store that offers products from certain manufacturers. A person visits your site, orders a product, and your system sends the order to the specific manufacturer. The manufacturer then completes the order by shipping it directly to the customer.

One of the cool things about this type of business is that you do NOT need to order inventory. The customer pays for the product; you collect the profits, and the manufacturer stores and ships the products to the customer. It’s as simple as that.

If you’re interested in starting a drop shipping business, consider using a platform like Shopify to build your online store.

They even have a 14-day free trial that you sign up for here.

11. Create an Online Course

Online courses can be a great source of passive income. Here’s how they work: you create a value-packed online course that helps solve a problem or fills a need.

The course can include videos, e-books, and emails with pertinent information. Customers sign up to purchase the course, and your system automatically emails them everything they need to access the materials.

You get money for the price of the course that you created and automation from a site like Teachable does all the heavy lifting for you.

12. Create YouTube Videos

Everyday regular people like you and me are making money on YouTube. Each time someone watches one of your videos, ads can appear, and you can make money from those ads. The key to becoming successful with YouTube is building a large enough subscriber and viewer base.

It can take a lot of time up front, but once your videos are live there is potential for you to make passive income from each video indefinitely.

Granted you probably will not make a living off of just a few videos, so be prepared to make over 100 videos if you really want this to take off.

13. Start a Business and Have Someone Else Run it

Owning a business can be a good passive income source, provided you’ve got the right people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your great business idea can be a viable source of passive income.

For some creative small businesses that you can start for under 100 bucks, check out the $100 Startup by Chris Guillebeau. These are all verified businesses that grew to over six figures per year and started with very little money up front.

14. Buy a Vending Machine Business

A successful vending machine business can be a great way to make passive income. The key is to find the right places to install your vending machines. Check with smaller brick and mortar businesses that have over 100 workers in the building on a daily basis, and see if they need vending machines.

Another key to vending machine success? Ask those workers what items they prefer to have in the vending machine and then stock accordingly. Once again, if you want to reduce the amount of time that you are involved, consider hiring someone to stock the machines for you.

15. License Your Photos

Have you ever wondered how you could make money taking pictures? Do you have an eye when it comes to taking good photographs?

If so, check out a site like Shutterstock, Pixabay where you can send them your pictures and if approved, each time one of their clients downloads one of your photos you get a paid a royalty.

16. Create a Mobile App

If you are a bit techie and can come up with some unique ideas for mobile apps, or improve upon an existing app that will help people make their lives better, you may land yourself a great source of passive income.

Every app on your phone is making money for somebody, somewhere. For instance, Joel Comm made over $1Million from his iFart app.

We won’t even talk about the ridiculous money that Angry Birds brought in.

While these are the exceptions, there are plenty of people making thousands of dollars per month with their mobile apps.

17. Rent Your Car for Ad Space

How would you like to make money just for driving your car and not have to pick up any passengers? By allowing companies to place advertisements on your car windows, you can earn a few hundred dollars each month simply by driving your car around town.

Check out Wrapify to see how you might be able to make passive income by wrapping your car with an advertisement.

18. Buy an Existing Online Business

The beauty of an online business is that most will allow you to work from anywhere. Starting one from scratch can take a lot of time and resources, so why not consider buying an already established online business? Websites such as Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges.

Check to see if there is an online business for sale that is in line with your passions or hobbies. Because if you are going to be working, why not do something you actually enjoy doing.

19. Buy a Laundromat

Here’s another turnkey passive income business idea. Many cities have established laundromats that are available for sale.

Here is how it would work:

  1. Buy the already existing business
  2. Make sure that you have someone to manage the day-to-day operations,
  3. and then “soak up” the profits.

The reason why you would want to buy an existing one is that the startup costs are pretty high. Commercial washers and dryers are not cheap, so it makes a lot more financial sense to buy an already established laundromat than starting from scratch.

20. Open a Batting Cage

I am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for kids in America, yet, batting cages are hard to come by depending on where you live.

Something to be aware of though, is that these can require a lot of money up front. You will have to have a big facility, equipment, and someone to open and close.

So make sure to do your due diligence before you invest too much money in this endeavor.

21. Product Design

Another way you can make passive income is by designing t-shirts and other products even with no prior design skills. Some sites allow you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc.

Shoppers then visit the site, check out your products, and when they purchase one of your designs, Red Bubble will pay you a portion of the profits.

22. House or Pet Sitting

One of the easiest ways to literally make money while you sleep is by house and pet sitting. You have to live and sleep somewhere, so why not get paid to stay at someone else’s house and/or pet sit while they’re on vacation?

Provided there are no unreasonable home maintenance expectations, house or pet sitting can be a great way to put some extra income in your pocket. While not totally passive, it beats having to get a job and is pretty dang easy.

23. Bond / CD Laddering

Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit that mature at several different times during the year and taking the profits from those investments as cash income during the year.

Although many CDs and bonds might not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no risk, ensuring a solid income source on a regular basis.

24. Rent Your Stuff

Thousands of people every day are looking to rent any variety of items. Craigslist can be a great place to advertise your items for rent. Here are some ideas of products that you could rent out: extension ladders, party tents, tables and chairs, utility trailers, log splitters, chainsaws, snowmobiles, and ATV’s.

You can even rent out your car when you are not using it with a company like Turo.

Just make sure that you have a proper rental agreement signed by both parties, get paid in cash beforehand, and get a current photo ID and secondary proof of address to protect the property you’re renting out. For extra peace of mind, consider requesting a security deposit as well.

As you can see there are a ton of ways that you can make passive income. Hopefully, this list has helped you narrow down which source of income is best for you. So if you’re tired of the traditional way of making money, implement a few of the passive income strategies above so you can start working less and making more money while you sleep today.

0 comments on “Fall Tune-Up Sporting Clays Fun Shoot, Steak Supper & Auction”

Fall Tune-Up Sporting Clays Fun Shoot, Steak Supper & Auction

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The Saskatoon Gun Club is open to the general public on Tuesday & Thursday evenings 6pm to dusk & Sundays noon – 4pm.

Event Details:

This is a Rain/Shine Event.
Prepare yourself for the fall hunting season or to have some recreational fun by shooting either 100 or 200 Targets on SASKATCHEWAN’S LARGEST sporting clays course.With 16 stations and 33 machines there will be various target presentations for all shooting abilities. Targets include, quartering in, quartering out, crossers, teal verticals, loopers, crossers, rabbits, overhead & high crossers from the towers and of course the favorite poison bird.

 

Location:

Saskatoon Gun Club Take Hwy#5 east of Saskatoon to Old 27 road, turn north till gun club road, turn east to gun club Detailed directions/map www.saskatoongunclub.com
Shoot Details:
100 targets Sat AM*(optional) 9:00am registration 9:30am shooting begins $ 20
100 targets Sat PM 1:30pm registration 2:00pm shooting begins $ 80
*only available to shooters registered for the evening shoot. 

Tickets: online @ Eventbrite.ca

Website

www.saskatoongunclub.com

3 comments on “Canada PPR – Easy Step by Step Process – Express Entry”

Canada PPR – Easy Step by Step Process – Express Entry

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Ever wondered how to apply for Canada PR? This article lists all the important information including latest changes in Canadian Immigration.

Express Entry was launched by the Canadian government in 2015 to make it easier for skilled workers to obtain legal permanent residency status. The Express Entry system takes place online, allowing candidates to fill out profiles with their language skills, age, job experience, education, transferable skills, spousal qualifications, and more. The profiles are assigned points, and then matched with high-demand labour fields. Applicants with the highest scores are invited to apply for the Canadian permanent residence visa. The visa will be processed in six months, which is much faster than other immigration routes.

Step 1: Find out if you’re eligible

There are two ways to find out if you’re eligible for a program that is part of Express Entry:

Step 2 – Online Profile

Applicants must begin online, where they create a profile. Once you have registered your online profile, you will be registered with the Job Match account. This is a job bank that helps employers connect with prospective applicants. You can begin searching for a job right away.

Step 3 – Document Checklist

In order to properly score your application, the system will need relevant documentation. To that end, the system will generate a personal document checklist. Mandatory documents at this stage include birth certificates, marriage and divorce certificates, evidence of common law marriage, adoption and custody records, job offer letters, proof of educational credentials such as a CV or resume, proof of work experience, digital photos, and proof of funds. Some people will also be asked to provide medical exam or other special documents. You will also need to send your Educational Credential Assessment, or ECA, along with language test results, to the CIC.

Step 4 – Scoring

The Express Entry tool will rank you with the Comprehensive Ranking System (CRS), which is a points-based system that will give you a numerical score. The CIC will invite applicants with the highest scores in the pool to apply for permanent residency.

There are no minimum points required for Express Entry. However, CRS scoring is transparent. A person will receive points for the following factors:

  • Age: the maximum score is 110 points if the applicant is between 20 and 29 years’ old
  • Education level: the maximum score is up to 150 points for a PhD
  • Language proficiency: up to 160 points for proficiency in English and French
  • Canadian work experience: the maximum score is 80 points for people with five years of experience
  • Skill transferability: the maximum score is 100 points
  • Education of spouse/partner: up to 10 points
  • Language proficiency of spouse/partner: up to 20 points
  • An additional 600 points are available if a person is nominated through the Canada Provincial Nominee Program after receiving a job offer or graduating from a post-secondary institution in Canada.
  • Siblings: in 2017, CRS was changed to award up to 15 points if you have at least one sibling living in Canada.

Step 5 – Invitation to Apply

If your score was high enough to be selected from the applicant pool, you will receive an invitation to apply (ITA). Within 90 days of notification you must submit a completed electronic application for permanent residence. Most complete applications can be completed in six months or less.

Remaining in the Pool or Reapplying

If you are not invited to submit an application for permanent residence, you can still remain in the pool for up to 12 months, as long as you continue to meet the criteria for at least one of the federal immigration programs. If your situation changes or you acquire new skills, you should update your profile.

If the CIC does not invite you to apply for permanent residence within this timeframe, you can start over with a new profile. Assuming you continue to meet the criteria, you will be re-entered into the pool, where you can try your luck again.

Questions?

Please comment below and we will be happy to assist!

RELATED POSTS: How to get a job in Canada for Immigrants and Newcomers

 

0 comments on “Lemonade Diet – Practiced by Hollywood celebrities”

Lemonade Diet – Practiced by Hollywood celebrities

Last Updated: 28th July, 2019

Lemonade Diet – Practiced by Hollywood celebrities

Lemonade Diet or Detox Diet or Master Cleanse may not be familiar to many people, however it’s a fact that several Hollywood celebrities have practiced it. Ever Wondered How to Loose Weight Fast?

Angelina Jolie’s done it, Jennifer Aniston’s done it and even Beyoncé’s done it, so what could be so bad about the lemon detox diet? The Lemon Detox diet is known originally as the Master Cleanse and claims to detox on the body and have the positive side effect of promoting weight loss. It gained popularity when Beyonce, the famous Hollywood singer lost around 20 pounds in 2 weeks after following this diet.

Should I stop taking my medications while doing the Master Cleanse?

  • Prescription medications should not be stopped during the Master Cleanse unless approved by the doctor who prescribed the medication or another qualified physician.
  • Stanley Burroughs does recommend that over-the-counter vitamins and supplements be stopped during the Master Cleanse.

What else can I eat on the Master Cleanse?

  • The short answer is NOTHING.
  • The long answer is (also) NOTHING.
  • However, you may drink as much of the Master Cleanse lemonade drink as you want and also organic peppermint tea.
  • Following the Master Cleanse lemonade regimen strictly for at least 10 days is what will give you the best results.

In our daily hectic routine, it has become natural that most of us look for quick ways of losing weight. Several crash diets and fad diets have come into being for weight loss in a short span of time and Lemon Detox Diet, is one of the most popular and effective among fad diets. It has proven to be effective, easy and less time taking than other diet plans. It helps in destroying free radicals and toxins in the body. It involves the use of lemonade that works as a cleansing agent and detoxifies the whole body. Apart from weight loss, this diet plan is beneficial in several other ways.

The Lemon detox diet plan is for 14 days in which you are not allowed to consume any solid food. All you can consume is the lemon prepared detox drink. No food is to be consumed during the course of this diet as it minimizes the effect of lemon detox drink on your body. This drink works as a master cleanser as it eliminates all free radicals or toxins from the body. It clears your digestive tract, increases the metabolism rate, eliminates excess fat, nourishes your body and gives you energy. Ensure to drink at least 2 liters of detox drink every day as there should not be lack of water in your body. This detox drink becomes your breakfast, lunch, dinner and snacks for two weeks.

Precautions to Consider:

Though lemon detox diet is highly effective and beneficial, there is a need to exercise precaution while following this diet.

    1. It is advisable to end and start the lemon detox diet carefully. Sudden intake of food after this diet plan is not advisable as it can lead to health issues. One must go for liquids, then light food and then heavy food consumption. Gradually one should resort to a normal diet.
    1. During this diet, one can have a deficiency of vitamin and minerals. This diet should be discontinued if any health issues are experienced.
  1. More than 2 liters of lemon detox drink should be consumed in a day as dehydration can take place if enough water is not there in your body.

Lemon Detox Drink – Preparation ?

Lemon detox drink is easy to prepare. All you need is the 4 easily available things listed below.

Ingredients needed (for 1 glass):

    • Pure Water (25 ml)
    • Freshly squeezed lemon juice (20-30 ml)
    • Maple syrup (Organic) – (20ml)
    • 1/10 teaspoon cayenne pepper

Mix all the above ingredients well, and your drink is ready. You can make this drink for whole day use and also store it in the refrigerator. You can go either with cold, normal or warm water.

The Lemon detox drink provides you essential minerals and vitamins while diet plan as no other food consumption is allowed. Being a powerful antioxidant, it detoxifies your body. Dietary Fiber in lemon helps in improving digestion and eliminating waste material, thus cleansing your intestine. Lemon plays a vital role in this diet, so its quantity is important.

Maple syrup is a sap from the sugar maple tree. It is a natural sweetener that besides sweetening the drink, also helps in detoxifying your body. Organic maple syrup is recommended as several chemicals, fertilizers, etc. reduce its beneficial effect and can lead to health issues.

Last ingredient, cayenne pepper also plays an important role. It also helps in cleansing your system as it is an excellent antioxidant. Being rich in dietary fiber it helps in removing waste material, improves digestion, helps in burning fat. Its addition to detox drink is necessary. If you are not comfortable with its quantity, you can minimize it a bit.

Benefits of Lemon Detox Diet Plan:

• Lose weight while you rejuvenate
• Free your body of harmful toxins
• Boost your energy and endurance
• Glowing skin and shinier hair
• Improve confidence and self esteem

Also, if you are troubled by obesity, you can try out the lemon detox diet for a drastic weight loss. Enlisted below are detailes benefits of lemon detox diet.

1. Facilitates Quick Weight Loss:

The lemon detox diet plan became popular because of this benefit. This diet plan has proven to be effective in losing weight. It detoxifies your body, improves metabolism and helps in burning fat. Since no food is consumed in the course of this diet calorie intake is negligible. All these factors contribute to quick weight loss in a short span of time.

2. Good for the Digestive System:

Proper digestion is vital for a healthy body. The lemon detox drink promotes food digestion and waste elimination by inducing bowel movement. We never give a break to our digestion, as we start eating from our birth and eat until we die. Thus, our digestive system never relaxes. When we go on the lemon detox diet, we cut off ourselves from solid food so our system gets a break and a chance to clean itself in the course of the diet. The detox drink gives your digestive system the required nourishment. The elimination of all waste material from the digestive tract makes your digestive system fully cleaned and nourished.

3. Boosts Immune System:

A weak immune system increases the risk of catching several diseases. As we all know, our immune system enables us to fight against illness and protects our body from all kinds of disease-causing germs. Our immune system protects our body against all kinds of ailments ranging from the common cold to wounds to cancer. Lemon is an excellent source of vitamin C that is a powerful antioxidant as well as other nutrients, all of which boost your immune system. Following this diet is a great way of minimizing the risk of various diseases.

4. Healthy and Glowing Skin:

The harmful toxins and free radicals adversely affect your skin quality and lead to several skin issues. Free radicals are responsible for causing pre-mature ageing that is visible on the skin in the form of fine lines, spots and wrinkles. Studies have shown that when your body detoxifies, you face fewer skin problems and have smooth, clear skin. By removing toxins from your system, this detox diet plan provides you with a clear and glowing skin.

5. Mental Health:

Studies have revealed that the mental health of dieters improves after detox diet plan. This improvement is because when they lose weight effectively, they regain their self-confidence. The detox diet plan improves your mental clarity.

1 comment on “Best Book to Understand the 2008 Financial Crisis – After 10 years”

Best Book to Understand the 2008 Financial Crisis – After 10 years

Ever wondered what caused the Banking Crisis in 2008?

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System — and Themselves

In one of the most gripping financial narratives in decades, Andrew Ross Sorkin – a New York Times columnist and one of the country’s most respected financial reporters-delivers the first definitive blow-by-blow account of the economic crisis that brought the world to the brink.

Through unprecedented access to the players involved, he re-creates all the drama and turmoil of these turbulent days, revealing never-before-disclosed details and recounting how, motivated as often by ego and greed as by fear and self-preservation, the most powerful men and women in finance and politics decided the fate of the world’s economy.

  • Named a Best Book of the Year by:The Economist, The Financial Times, Business Week
  • Winner of the Gerald Loeb Award for Best Business Book
  • Too Big To Fail is too good to put down. . . . It is the story of the actors in the most extraordinary financial spectacle in 80 years, and it is told brilliantly.” —The Economist
  • “Vigorously reported, superbly organized . . . For those of us who didn’t pursue MBAs—and have the penny-ante salaries to prove it—Sorkin’s book offers a clear, cogent explanation of what happened and why it matters.” —Julia Keller, Chicago Tribune
  • “Sorkin’s prodigious reporting and lively writing put the reader in the room for some of the biggest-dollar conference calls in history. It’s an entertaining, brisk book.” Paul M. Barrett, The New York Times Book Review
  • “Sorkin’s densely detailed and astonishing narrative of the epic financial crisis of 2008 is an extraordinary achievement that will be hard to surpass as the definitive account.” —John Gapper, Financial Times

Top Customer Reviews:

“Too Big to Fail” is an altogether excellent book by financial journalist Andrew Ross Sorkin. It’s a compelling narrative that tells the story of how the nation’s largest and most prestigious financial institutions came to the brink of collapse – and almost took the entire economy with them – in the great economic crisis of 2008.

According to Sorkin, the financial downturn that occurred in the summer of 2008 was actually years in the making. Many of the nation’s greatest investment banks, along with their commercial bank counterparts, had been busily dealing in high-risk subprime mortgages for years. As long as demand for housing remained high, so did housing prices; however, when massive numbers of people began defaulting on mortgages they could no longer afford, the housing market suddenly crashed, credit froze up, and banks began to fail…

…Thus begins the story of America’s economic meltdown in the late summer and early autumn of 2008. With the collapse of the housing markets, many of America’s oldest and greatest investment banks – among them Bear Stearns, Lehman Brothers, and Morgan Stanley – also find themselves threatened by total failure. So do commercial banks like Citigroup, Wachovia, and Bank of America; insurance companies like AIG; and the two government sponsored mortgage guarantors (Fannie Mae and Freddie Mac). Now, U.S. Treasury Secretary Hank Paulson, New York Federal Reserve Bank President Timothy Geithner, Congress, and other government regulators must find a way to save these financial institutions from ruin. If they don’t, America faces the very real possibility that its entire economic system may collapse.

0 comments on “Majority of Canadians haunted by Financial Stress”

Majority of Canadians haunted by Financial Stress

Are you stressed about your personal finances? I’m sure you are, and that’s the reason you are reading this article. According to the Financial Planning Standards Council – Financial Stress Survey, 41% Canadians cite “money” as the greatest reason of stress.

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Here are top 3 Simple and Easy steps which will ensure that you regain some confidence about your personal finances.

  1. Weigh in financially

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Where are you now, how much do you earn, your spending habits, and how much you owe.

2. Create a Goal Plan

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What are your goals (short term & long term)? Saving for a home, buying an SUV, saving for children’s education, paying off debt?

3. Action Plan

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The next question is how are you going to get there? Are you going to earn more, spend less, automate your savings, or all 3?

Here is the solution:

Taking charge of your personal finances is the best way to reduce money related stress. 

  • Find & Cancel Unwanted Subscriptions

If you analyze your transactions to find all your recurring subscriptions, you will at-least find 1-2 subscriptions which you no longer use. So, why not cancel them?

  • Get out off credit card debt

A technique lot of people like to use to get out off debt is to pay off small credit card balances first. This can have a powerful psychological effect on many people because it can feel like they are making progress sooner. This can be very encouraging and provides a lot of people with motivation to keep paying down their debt.

  • Remove your payment information from Online shopping carts to cut down on Impulse purchases.

  • Consider a cooling period of 24 hours before buying a “want” as compared to a “need”.

  • Consider opening a TFSA or RSP

If you don’t have one, consider opening a TFSA or RSP. Start to save, even as little as $50 a month and it will increase your feeling of financial confidence.