Everyone is trying to make money and in today’s society, there are 2 main ways to do this, either by having a job and earning an income, whether you’re employed or self-employed. The other way to make money is by making smart investments in projects that will in the future generate cash and make money for you. How money is made is generally the difference between high net worth households and ultra-high new worth households. Now you might be asking what is ultra high net worth and how do I achieve it. Most high net worth households make their money from a good job that they’re successful in, most ultra–high net worth households, however, make their money from smart investments. One of the best things about investing is that there are websites you can sign up to for free to make investments that are very user friendly, there are free or cheap courses that you can sign up to enhance your knowledge, all the information that you need to succeed is available for free online. It’s also suitable for people to take an interest in at any age and any stage of their life, whether it becomes your main source of income or extra income on the side it’s a useful thing to be good at. We’ve found some of the best tips on how to invest your earnings for the best outcome.

Government Bonds

Government bonds are seen as one of the safest forms of investment so if you’re wary about investing your earnings, this is a good place to start. The government can issue bonds when they’re low on cash and need to borrow funds to pay bills, this gives people an opportunity to buy them and make a return on their investment later. Bonds always have a maturity associated with them ranging from 3 months to longer than 30 years. If you want to stay safe when you start investing then you should go for a bond with a short maturity as the longer the length the more chance there is for something to go wrong which increases the risk. It’s unlikely that anything will go wrong on a 3-month bond so it’s a lot safer, but once you’re more comfortable with investing usually, you’ll make a better return on a bond with longer maturity.

Stock Market

Investing in the stock market requires some prior knowledge as it can be pretty confusing for a beginner. This is one of the riskiest types of investment but it can also have the greatest returns. If you get lucky on the stock market you’ll make much more than you would from a government bond. A stock is simply a share of a company that you purchase, you’ll hope that the price of the stock will increase so then when you sell it, you’ll make a profit. If you want to go down this route of investing then you’ll have to be prepared to lose some money whilst you’re learning and making mistakes to make much more money in the long run. It’s definitely overwhelming as a beginner so you should seek help from someone who understands the stock market when you start out.

Real Estate

 

Real estate investment is considered to be quite a safe investment as property prices are continuing to rise and aren’t predicted to be on the decline any time soon. You need a large amount of start-up capital to become a real estate investor but if your savings from your earnings can cover it then real estate is great to invest in. It’s a massive investment to make compared to buying stocks but it is really low risk with high returns. Whilst it will take a long time to make all the money back from the investment it’s estimated most real estate investors make around 10% capital appreciation as soon as the following year. Many real estate investors then use this money to invest in more properties which leads to a greater profit and a great monthly income.

Art

If you don’t like the sound of bonds and the stock market as it seems too technical and real estate has too high a start-up requirement then another option for investment is investing in art and various other antiques. This depends on your knowledge of art so only do this if you’re fairly confident you know what has value and what doesn’t. Some people make a small fortune from this and enjoy themselves whilst doing it as they have an eye for it. You can invest as much or as little as you want but you have got to remember it’s subjective so does possess some risk, other than the guts to try it all you need is some storage space for the arts and antiques you buy to flip.

The current number of households with a pet in the UK stands at 41%, so already it’s easy to see why the market for pet accessories is thriving. It may be less than half the population, but factors to consider are the number of pets in the home (I for example currently have six cats in my residence, only two of which are my own) and the uses for the accessories available. The main reasons for the booming market are:

Practicality

Animals need food; food will probably be served in their own bowls to avoid mixing pet food with human food; therefore there is a range of options for food bowls on the market. As well as this, most owners equip their pets with collars, either for the means of attaching an ID tag in case the animal gets lost, or bells to avoid cats hunting birds if they go outside. Dogs especially come in a range of sizes to fit the various dog breeds out there and often start from puppy-friendly collars. Accessories such as carriers are also important too, when it’s time for me to take my cats to the vet for a check-up, it’s essential that I choose a good cat carrier for each of them. Too small and they become unhappy and cramped, a soft carrier means that they feel less secure, so my go-to is a sturdy box with handles so I can easily carry them to and from the places they need to be. However, every pet is different, and the range of options on the market is to ensure that pets feel safe and secure in whichever carrier their owner chooses.

Health

I’ve already mentioned food bowls, however, the options for them can range from standard versions to models designed to help with health. For example, raised feeders for pets with stomach or digestion issues. In the same vein, flea collars are easily found too, which help deter fleas and ticks from biting an animal. Pet toothbrushes are also available on the market. As humans, it’s important to look after your pet’s oral health and often products such as Dentistix or other dental-based treats don’t suffice. Paired with toothbrushes is toothpaste, designed to be pet-friendly and flavored so that animals will more easily allow tooth brushing.

Comfort

Due to the many shapes and sizes, pets can come in, there are many different types of beds to keep your pet happy, such as igloos that they can hide inside, or thermal beds that warm-up using their body heat. Other things that fall under comfort include coats, some short hair breeds of dogs will feel the winter chill more than a thicker coated dog, so keeping them warm on their walks is important to keep them happy. Even during the summer, when the pavements and roads are too hot for a dog’s paws, many owners buy special shoes for their dogs so that they don’t injure themselves in the heat.

Adorableness

Finally, the need to make pets even cuter by dressing them up in various outfits and accessories. Who doesn’t want to see a dog running around in a stegosaurus costume? Or a cat looking sharp in a little bow tie? The fact is to a lot of people; their pets are their babies, they want them to look cute and show them off to friends and family, so outfits and the like are amazingly easy to find in shops and online. While my family has patiently waited until the holidays to dress our dogs up as vampires or witches or little elves with a Santa Claus, some households dress up their pets year-round, with adorable results.

With so many people currently owning pets, it seems unlikely that the market will suffer anytime in the near future, which is good news for us pet owners as it means the products on offer will continue to grow and evolve. The thing that matters most is keeping our pets happy, healthy, and loved, even if that means I occasionally subject my cats to dressing up in little hats.

2020 has been a rollercoaster of a year, to say the least, we have become accustomed to a new normal riddled with uncertainty. Our lives have drastically changed and we are wondering if things will get back to how they were before. The housing market has been no exception to this uncertainty and change, we’ve seen house price growth slump across the globe leaving many of us wondering whether 2021 is going to be the year that house prices bounce back.

 

Pre-Covid

Firstly it’s important to consider the fundamental factors that set house prices. Starting from a simple stance of supply and demand we expect prices to reflect the incomes based in an area or commutable from that property. This is called the income bid-price spread and has been the dominant traditional theory widely recognized by economists. That is that as more jobs there are in an area the more people there are with money to purchase housing. Another big factor affecting house prices that we’ve seen play a part, especially in recent years, is interest rates and access to finance. Again acting on the demand side of the equation in a similar way is that as people have access to mortgages they can afford to spend more on a house which pushes prices up. When interest rates are lower it makes larger loans manageable on lower incomes than previously would be as the monthly repayments get smaller.

 

United States housing stock has always been seen as a pretty safe deposit of capital by foreign entities, particularly those from unstable currency areas and those living with political risk. As long as this is true there is always going to be pressure supporting the housing market. The dollar being the global reserve currency, highly liberalized financial markets, and loose capital controls make American assets attractive. When the dollar loses value against other currencies it makes the price of American assets cheaper to foreign entities too, so those from abroad who were thinking of buying a second home in America will find their money goes further. Experts generally believe that even with these influences and distortions the overvaluing of real estate in the United States is modest at best.

 

Covid effects

As social distancing has been made paramount to prevent the spread of the virus the move to working from home has been accelerated at an unprecedented rate. The fact that a large volume of the workforce now no longer need to live anywhere near their place of employment spells a huge structural change in demand for housing. The suggestion is that prices in urban centers that host high concentrations of well-paying office work are going to see their value stagnate and fall relative to the rest of the market. As many people are laid off demand falls, businesses are delaying investment until there is some certainty too corporate purchases of property are being delayed which in turn dampens down demand. Since the global financial crisis banks have had their lending rules tightened and restrictions placed on how precariously they can balance their position. Chiefly relevant to house prices is the lack of leverage and risk of default now relatively absent compared to 2008 we can assume that a serious crash is very unlikely.

 

It’s hard to see a clear reflection of the effects to some extent as the volume of transactions slowed down during the height of the lockdown and would probably have been biased towards the distressed quick sales required by those hardest hit by the pandemic.

In the United Kingdom, the Chancellor of the Exchequer Rishi Sunak granted a tax break on the stamp duty paid on house sales on the first £500,000 ($646,000) of the property’s value to address the slowdown on the other side of the pacific. Famously the legal red tape and bureaucracy can make transactions very expensive to implement and any cutting back of this would help the market without making anyone worse off.  In any case, the housing market is structurally changing and new types of business are booming the house guys in Washington DC take advantage of a relator free model to name just one-way value can be added to property without commissions sucking money out of everyone’s pockets.

 

Post-Covid

Moving forward it is hard to know how much of the investment that could not happen because of lockdown is an investment that has been delayed or has been canceled because it could be the case that a large amount of activity has been pent up only to be released in 2021 in a similar fashion to what happened after the financial crash. On both sides of the equation, there are multiple factors pushing house prices both ways. Nobody intelligent can conclusively say which forces are stronger and ultimately predict a movement either way.

More than twenty years ago we lived in a world without the internet. Then, slowly, we were introduced to the Information Superhighway. It was clunky, slow, and was made up of only a few websites. At the time not everyone thought it would catch on.

Now, we live in two worlds. The real world. And the virtual world that is backed up and supported completely by the internet. This virtual world has become all-knowing and ever-present. We are constantly bathing in Wi-Fi. And we, as a species, love it. It has allowed us to stay connected like never before. It allows people to share content and learn so much. People can teach themselves new skills or order anything their heart desires.

And one of the biggest aspects of the internet is its potential for businesses to make money. And that is what we want to look at today. More specifically we want to walk you through the information you need to turn your YouTube content into a Thriving Business.

 

Content

Content is king on Youtube. But it is also oversaturated with content. Everything from intricate technological reviews right down to simple lunch vlogs. YouTube is a wealth of information that is accessible to everyone. So the first thing you need to do is know what content you plan to post.

You then need to make sure the content is of good quality. People don’t want to watch the shaky hand-cam footage of your day. So, like any business, you need to invest in some good kit. This might include sets and props if you are planning to make something a bit more intricate.

You also need to make sure you are posting on a tight schedule. This doesn’t mean you have to upload every day. But you need to be uploading consistently and on time. People will lose interest if you are too flitty with it.

You will be making money based on how popular your content is. So try to make it relevant and engaging. And try to use a format that has room for companies to sponsor you to include their products in a subtle way.

 

Establish Your Brand

When you set out to make money from YouTube you need to be aware that you are now going to be a brand. Even if you are posting vlogs about your own life. You will be selling yourself. So you need to lean into it and support it as best you can.

The biggest thing is to never be ashamed of your brand. You need to be confident in it and make sure you are selling it as best you can. People will watch the content that resonates with them. And you won’t be able to please everyone. So once you find your niche, stick with it. Loyal fans are worth infinitely more than new fans any day of the week.

 

Bring in the Views

Views are how you will actually make money off YouTube. Both through monetizing your videos and also sponsorship deals from companies. But before any of that happens you need to get the initial views. One way to do this is to buy views. This is a tool used by a lot of big-name YouTubers. We find that themarketingheaven.com is the best site to buy YouTube views from as opposed to other, less secure sites.

Another way is to make sure you are sharing your video as much as possible. You also want to spend a lot of time watching and commenting on other people’s videos. Being an active member of the YouTube community is a great way to build connections and advance your business.

 

 

Our world is driven by capitalism. You need only walk down any high street or through any mall to see just how much our culture is driven by money. And we aren’t saying that is a bad thing. Sure, capitalism has its issues. But so does any societal system.

Capitalism has many benefits for both our culture as a whole and on the individual level as well. But our society only functions as it does because of the key building block holding everything together. The Banks.

Love them or hate them, Banks are everywhere. Every mall, every high street. Every metropolitan cityscape or small-town village. Nowhere is safe from the spread of banks. And a common question we get asked is this: How do banks make their money?

 

Understanding Banks

It is easy to think that banks seem to function without actually making money. They simply store your money and move it around. So how do they pay their staff, afford rent and upkeep? And how is it profitable for anyone to become a banker?

We have spoken to a few experts, such as those at blutin and at Smythes to better understand exactly how banks turn a profit. We are going to break it down for you in simple terms.

 

Loans

This is the key moneymaker for any bank. Loans. Anyone can walk into a bank and apply for a loan. Of course, you need to get the bank’s approval with a solid reason for the loan. And the bank will want to be sure you can pay it back.

All banks will have an interest rate attached to the loan. This is unavoidable. This is how they make money. Say you take out a loan for $100. With interest you could end up paying back $120 to the bank eventually, making a nice $20 profit for the bank.

Now imagine that on a scale of thousands of dollars interest per day. A bank only brings in as much money as they are willing to lend out.

 

Investing

While a physical bank is often designed to store and manage your money, the companies that own the bank will have their hands in many different avenues. Investments and stocks are one area these companies love to dabble in. And where do they get the money?

From you. When you store your money with a bank, you are giving them permission to spend it. Relax, they don’t actually spend your physical cash. While it is in their care, they will use it to invest and bring in profit. This profit is returned to you as interest. The more money you leave with a bank, the more interest it accrues. It’s a win-win situation and a great way for both the bank and you to profit.

 

Mortgages

Mortgages are just very specific loans. They are for buying property exclusively and follow different repayment rules to a traditional loan. The reason for this is due to the size of the money being borrowed and the nature of the investment. Since you will be living in your purchase, the bank is sure you aren’t doing a runner with the money, so the repayment scheme isn’t as taxing (although it is still noticeable) and like a normal loan, the bank profits off a mortgage in the form of interest on your repayments. And, if you can’t pay up, they can simply take the property and sell it for profit as well.

We hope this has highlighted how banks make their money in a helpful and insightful manner.

There is no doubt that the effects of the horrific start to 2020 have been hitting everyone pretty hard financially. Many people have been left unemployed which has made taking care of general costs like housing and food pretty difficult, especially due to the country’s poor welfare payment system. Because of the personal economic struggles that people are facing, they are less inclined to purchase unnecessary items and so many businesses are starting to feel the toll. Though all businesses are feeling the strain of the economic crisis that the country is currently facing, nobody is suffering more than smaller businesses, and here is why.

 

Government funding

The government has not completely ignored the struggles that businesses have started to face and so have begun to offer grants to businesses to ensure their survival during these difficult times. This may sound like a useful gesture, however, they haven’t been very thoughtful when giving out these grants. They have ironically given these grants to bigger businesses, such as Mcdonalds, that don’t even really need the support right now due to their ability to still offer their services to the public. Smaller businesses already don’t have the influx of cash that a lot of bigger businesses have, so without that government financial aid, they are basically just surviving out of their slowly dwindling savings.

 

No contact procedure

You also have to take into account that a lot of small businesses aren’t just retail businesses, but are businesses that offer a service. However, due to the current social distancing measures that are in place, lots of small businesses that offer a physical service are not able to operate. A good example of a business like this is a hairdresser that needs to make physical contact in order to complete the service.

 

There are also a large number of small businesses that require entry into the home in order to operate. So for example, pest control businesses such as yalepest depend on completing home surveys in order to complete their jobs. However, rules that exclude people from entering households make this a difficult task. Because of this, lots of businesses such as pest control, plumbers and decorators are really taking a hit and are even ending operations indefinitely.

 

Niche Businesses

Most of the businesses that we would consider to be ‘small businesses’ are usually labeled as so due to their niche appeal. These businesses already trade with a smaller amount of people due to their lack of necessity. An example of a business like this would be something a little odder like ‘Organic Home Fragrances’ or other businesses along those lines. Businesses like this are really being hit as their already quite small client list is being damaged by the economic issues that people are facing.

 

However, there has been more social outreach to save businesses that are a little quirkier, in order to maintain the character that they bring to certain communities.

 

Lack of postage opportunities

A lot of bigger businesses have simply decided to move a lot of their product sales online in order to keep their business afloat. This is an excellent idea for those that are able to do this but have however become a major issue for smaller businesses that can’t do so. Because people are trying to avoid leaving the house unnecessarily for safety purposes, the use of online shopping has only increased. Because of this, businesses that don’t operate online are being forgotten about. These businesses are usually the smaller local shops that simply don’t have the finances or resources to do so. These businesses are really struggling and so it may be worth considering giving them a little more support.

 

So, you’re looking for a change of pace. Maybe wanting to venture out into the world of owning your own business. Starting any business on your own is definitely a challenge, but if you’re brave enough to try and you’re willing to put in the work, then you can bet there will be countless rewards. Being your own boss is a massive responsibility but being able to decide your own hours and your own pricing means your only limit is what you want it to be. So, if you’re wanting to start your own business as an electrician but aren’t sure where to begin, we’re here to offer you some advice on making and building your own successful business.

Naturally, if you’re wanting to work as an electrician, you need to be sure you know what you’re doing. There are a number of risks that run alongside electrical work so it’s paramount you understand the ins and outs of the technical aspects of the job. Otherwise, you could be putting yourself and others at risk. The next, most important thing is making sure you have all the best tools you can afford. If this will be your full-time job, it’s probably worth investing in good-quality tools.

Branding

Another important step in creating a successful business is building your brand. One full-proof way to do this is by establishing an online presence. A key tool for any business wanting to establish an online presence is by making a website. It’s important to make sure that your website is well made and looks professional. It’s the mid-way point between you and a potential new client. For inspiration on how to create an engaging website, check out sites already out there for other established Canadian electricians, like Mike Fuller electric. Don’t be worried if you haven’t a lot of creative skills, there are plenty of sites out there designed to build sites for new businesses, with plenty of great templates to choose from.

Nowadays, social media is an invaluable tool for anybody in charge of running their own business. In an age of digital connectivity, it’s important to keep on top of your accounts. For many people, these accounts will be the first interaction they’ll have with your brand so it’s vitally important that you feel your brand is well represented by your social media accounts. You don’t need to do anything extravagant. Just make sure to keep an eye out for any messages you may receive from potential clients.

The foodservice industry is one of the most consistently popular and resilient industries in existence. Everything from fast food up to the highest Michelin star restaurants, there is something for everyone. And as the changing digital world affects the high-street as more and more people move to purchase online, restaurants remain full to the brim. And opening a restaurant can be one of the most fulfilling and rewarding ventures anyone can undertake. Whether your passion lies with food or business, opening a restaurant is always a good idea. But it is also one of the most difficult ventures you can undertake. So below I will be highlighting the top 5 things you need to make sure you have handled before you step into the foodservice industry.

The Paperwork

Before you put anything down on a menu or even start whipping up your dishes, you need to make sure you have all the busy work done. Running a restaurant is more than just the food you make. You will be buying equipment and furniture. Hiring staff and creating contracts. Taking out restaurant insurance and getting your certificates in health standards. So let’s break this down.

Firstly you want to get the more important factors looked into. Insurance is the big one. You will want to make sure you are covered against all eventualities, including fire and crime, so finding good coverage is vital. Next, you will need to apply for your COOSH certificate which allows you to keep and use chemicals on site. These will be needed for cleaning. You will also need to make sure you have someone who is first aid trained on-site, so it is wise to take the course yourself and look into buying a course package for your staff. Hiring a lawyer to write up your staff contracts is a good idea and then you can get to the fun part of decorating, which leads to the next aspect.

The Look

When it comes to the food industry, the look is almost as important as the food. People don’t want to be eating in a shabby and bland looking room. They want to soak up the atmosphere. They want their dinner to be an experience. That is what you need to present to them. An experience. To that end, you need to know what style of food you are creating. Italian? Thai? French? It could be an idea to lean into the culture you are cooking and decorate around that. Or if your food is less cultural and more type-specific then you may want to simply create a relaxing, family environment. If the mood you want to achieve is high dining or romance, look at going for deeper reds and candles. This is an important decision so you will want to plan, plan and plan. And always make sure your menu melds well with your look. Which leads to the next part.

The Menu

Your menu will be your main attraction. If you are a chef then you will most likely be creating this menu yourself. If you aren’t you will want to make sure your head chef is creating something tasty and affordable. You will want to know the tastes you are trying to present to your customers. But the biggest piece of advice is this: keep it simple. Do not create a menu with thirty or so options. Focus on creating a smaller selection of starters, mains and desserts. This will allow your chefs to shine with the dishes, will let your customers decide quicker and they will always have an amazing experience. It is important to keep things fresh with the food, this goes for both the ingredients and the menu. Don’t be afraid to make daily or weekly specials that change. It will let frequent diners have something to look forward to and will flex your restaurant’s skill.

Staff

When it comes to the food industry, while the chefs are the heart of the operation, they cannot work alone. You will have a variety of staff member working for you. Everything from waiters to dishwashers. And all of them are as important as the other. Your waiters will be the face of your restaurant, so it is vital you find people who are positive, friendly but also resilient. Customer service can be a tough industry and those working in it will need thick skin. Also, you will want a Kitchen Porter who is hardworking and consistent. A kitchen without a functioning dishwashing station will not function. You need to make sure your staff know the menu, know the prices and know-how the restaurant functions so they can be as productive as possible.

Drinks

This is an important aspect of the menu, so important it requires its own section. Drink goes with food as a fish goes with water. Everyone from the casual diner to the wine expert loves a tipple with their meal. So you need to make sure you have a varied and solid selection. Don’t be afraid to ask a wine expert on some choices that can pair with your menu. And make sure you have a selection of other alcohols and spirits available. On top of all this, you will need to have non-alcoholic alternatives for children and non-drinkers as well.

Starting a Drop Shipping Business is a great way to invest in your future. It is a modern way of bringing in income and flexing your business mind. Below is a brief guide to getting started in the world of Drop Shipping.

Select a Product

The great thing about Drop Shipping is you never have to handle the product yourself. You are simply working as the middleman allowing customers to purchase products directly from the wholesaler.

To this end, your first move is to decide what you will be selling and from where. For example, if you were looking to sell customized silicone wristbands you might look at partnering yourself with a company like SleekWristbands.com.

Once you’ve decided on what you will be selling you simply have to get the wholesaler on board and get things set up and you are on your way.

Website / App

You’ve selected your product. The next step will be to create a functioning website that will allow customers to place their order. Creating a working app will also help. The key is to make sure both these things are functional and easy to navigate. Don’t be afraid to sink some money into getting a professionally made website. The better your site or app, the more likely you are to get orders.

Your website or app will be the face of your company, so make sure it is showing off what you are all about. Spending time and money to make this perfect will pay off in the end.

Marketing

You’ve got your product and a working system that your customers can place their orders with. Now the big part. Marketing. This is the part you will want to really dedicate your time to. And it is something that you won’t stop doing the whole time you are running this business.

The first thing is to find out what your target audience is. You need to know what age demographic you are aiming for. What type of people within that age range is going to be buying this product as well? This will greatly influence how you market.

The second thing is to decide how you will be marketing. Do some research into what marketing methods work best for your target demographic. And then see how you can go about using those methods to your advantage. If you are using social media, look into how to create posts that will get more views. If it is a print advert, look into investing some money into getting a professional-looking advert made.

Keeping on top of your funds.

Make sure you are keeping on top of your income and expenses. Mainly so you aren’t getting ahead of your self but also for tax purposes. While it may not seem like an ordinary company you will still need to conform to the normal business practices when it comes to taxes.

Knowing how much income you are making will also allow you to reinvest into the company.