Cool Financial Calculator Website

I was reading some financial news yesterday and happen to stumble upon a really cool website. This website had any and every type and kind of financial calculator you could think of.

Every calculator was 100% free to use and could even be imported onto your website or personal profile page. And, when I tell you they have every financial calculator you can think of, I mean it! It is important to note, however, that using the calculators are free, but if you want to put one on your website, it is going to cost money.

The website is www.dinkytown.net. You definitely need to check it out. I do not believe that this website is really well know, therefore, if you do not feel comfortable as to the quality or accuracy of these calculators (I am not saying that they are inaccurate, and I have never had a problem with using them), www.bankrate.com is a pretty cool financial website that has a financial calculator option. Bankrate is not a pure financial calculator site like dinkytown.net is, but Bankrate.com is more popular.

Need More Money? Try Cutting Your Costs!

I had a unique experience yesterday afternoon. I was talking to a friend that was having trouble paying his bills. He was wondering how he was going to make next months rent payment (he lives in Los Angeles and thus his rent is very expensive), his car payment, his student loan payments, and all his other bills. He kept wondering and asking me how to make more money.

During our long conversation, I was amazed that he was considering getting a second job (considering he already worked 60 hours a week). What amazed me further is that he never considered cutting costs. His entire motivation was about making more money.

First, let me start that making more money is a great goal. The entire purpose behind this blog is to share knowledge on how to acquire wealth. However, wealth accumulation can be a long process. Absent hitting the lottery, millions of dollars do not come overnight. It takes hard work, dedication, and motivation.

Most people in my friend’s situation think one dimensionally. The problem presented in paying bills. They think “I do not have enough money to pay bills, therefore, I need to make more money!” This way of thinking is not incorrect, but it can create many problems in the immediate future. Let us say that my friend got a second job on his days off. I guarantee in a month, he would have no energy and his primary job performance would suffer, as well as his health and personal life.

An easier way exists. I told him he needed to cut costs. Cutting costs will have an immediate effect. I told him to stop going out to eat so much (he went about three times a week), brown bag lunch at the office, and stop buying unnecessary stuff. Additionally, I told him to contact his student loan office and ask for a month reprieve. I think that most student loan providers allow the payee to request a “month off” without penalty. Taking a month off will put him a month ahead on his student loan payment.

There are many other little costs he can cut that will add up big in the long run. My biggest piece of advice for him was to NOT form a budget. Budgets are too hard and people never stick with them. All I said was to keep track of the costs that you eliminated. This way, he will be able to see a noticeable difference in his checking account, and most importantly, he may not have to pick up a second job!

Adsense Revenue Sharing Websites

Many article submission websites exist. I have provided many of them in previous posts and many more are still to come. However, Adsense revenue sharing websites also exist. When you submit your articles to these websites, you also submit your Adsense publisher ID.

If you do not have an Adsense publisher ID, then you have to get one from Google by submitting you website for approval. Once approved by Google, you will get an Adsense publisher ID.

As you are all well aware, when you submit an article to websites, your rewards are backlinks, page hits, and reputation building. However, if you want to make any money, people have to visit your website. With Adsense revenue sharing websites, when you submit articles, Google Adsense advertisements appear next to your article. When a person clicks on these advertisements, you get paid on these clicks. For providing these services, the webmaster takes a percentage of the Adsense revenue, usually between 10-50%.

If you do not feel like sharing, then you do not have to submit to these sites and you can benefit from submitting to a traditional article submission site. However, submitting to both of these types of article submission websites will produce the benefits of both. Check out these sites if you want more information:


http://www.xpressideas.com/
http://www.articlecodex.com/
http://www.writingup.com
http://www.articletrader.com


http://www.articlewise.com
http://www.hotwebtools.com
http://technologyparent.com
http://www.arcade-game-online.com

Reverse Piercing and the Myth of Limited Liability – Beware of the Alter Ego!

A novel situation has presented itself in recent court decisions. In 2004, the New York Court of Appeals ruled in favor of granting a new type of remedy, “reverse piercing.” Piercing the corporate veil is a fancy way of saying that the shareholders of an entity are personally liable for the debts and liabilities of that entity. This means that if the entity does not have enough money to pay all debts and liabilities, creditors came attack a shareholder’s personal holdings.

Reverse piercing is different. In a reverse piercing situation, an entity is held liable for the debts and liabilities of its shareholders. This is an amazing theory because the whole point of a limited liability entity is to protect the personal assets of its shareholders and vice versa. In other words, the shareholders and the business are two completely separate entities. However, many of the factors used by the court to determine whether an entity should be pierced are used in determining whether a reverse piercing should take place.

The main inquiry is whether the individual shareholder is the alter ego of the entity. In other words, are the two distinguishable (in a legal sense)? In the New York case, the defendants were sued by two creditors. The defendants contracted to buy a house and formed a corporation for the purpose of buying the house. The defendants, and not the defendant’s corporation, paid the property taxes and mortgage principle and interest on the house. The defendants then deducted the payment of these taxes and mortgage interest from their, and not the corporation’s, tax return. The court concluded that the defendants bought the house in a way to avoid the creditors’ claims, and the defendants utterly controlled and completely dominated the corporation. As such, the court held that the defendants were the alter ego of the corporation, and the house purchased by the corporation (and therefore the property of the corporation) was subject to the creditors’ claims.

Let this be a lesson to all you aspiring entrepreneurs! If you have a corporation, or any legal limited liability entity, make sure that you keep the entities affairs separate from your personal affairs. If you do commingle these affairs, you may be subject to personal liability or, under a reverse piercing theory, your entity may be liable for your personal debts and liabilities.

Blogging News

Blogging is a great way to create income online. As I have written in the past, blogging can produce several income streams from the internet. However, blogging also creates an information stream for people. You would be amazed how much information you can obtain from reading blogs.

Before I attempted to create a revenue stream from blogging , I did a little research. At first, I randomly surfed around the internet. I found some interesting websites, but for the most part, these websites offered very little useful information. It was not until I started looking at blogs that I acquired relevant information about producing income online through blogging.

My goal was to create as much income as possible from the internet while spending as little money as possible. Blogging was my first and best choice. Blogging creates the benefits of a website without all of the liabilities.

Recently, an income stream used by bloggers has been criticized in the news. That income stream is blog advertising. Blogging purists and others believe that blog advertising is deceitful because the links to an advertiser’s product are “concealed” in the blog post. I do not agree with this criticism. More often than not, blog advertising companies require that you disclose when you are advertising in a post. Therefore, there are no hidden advertisements, nothing is “concealed,” and nothing is wrong. If these people do not want to make money off their blog, that is great. However, these people should not criticize others for trying to create revenue from information and/or thoughts posted on a blog. Nobody forces anybody to read blogs. Therefore, to all the critics out there, worry about your own blog and your own audience. You can keep your blogging “pure.” Just know that me and people like me are going to try to create a revenue stream from our blog.