Category Archives: Earn

Effective tips on opening a Forex trading account

By creating a forex account you can partake in all leading financial markets across the world. With over 3 trillion dollars traded daily in the U.S. foreign exchange markets that are bigger in both volume and price than the combination of U.S. stock markets and U.S. commodity markets.


If you want to participate in this huge market, you must open an account with a repduted forex broker. Here are the tips on opening such an account.

· Check broker reviews – First of all, you need to go through broker reviews. There are many sites like Elitetrader and Trade2win where you can find reviews on various brokers written by people having personal experience with them. from those reviews, you can get a clear idea of different broker firms in terms of the reliability of the software they offer, customer care and withdrawal process.

· Find a broker registered as FCM – You should find and work with a broker registered as Futures Commission Merchant or FCM broker. FCM is regulated by Commodity Futures Trading Commission or CFTC and a member of National Futures Association. When it comes to forex market and thus the brokers, they are lot less regulated in comparison to the stock market and its brokers. Therefore, make sure you choose one that is a member of at least one or two of these organizations. Unlike banks, your dollars are not federally insured with the forex brokers and thus you must not work with a non-registered broker.

· Fill out application form – Fill out the online application form available on the broker’s official website. You can, however, obtain printout of the form and fax the form in. All you require to give your name, contact address, level of trading experience and bank details for monetary transaction.

· Send in identity proofs – In order to create forex accounts you’re required to send in proofs of two types of identification. You need to send in copy of photo ID like driver license and bill or bank statement as proof of residential address. Brokers typically don’t accept cell phone bill as identity proof. You need to fax these documents to the respective broker’s email address provided on the form and on the website as well.

· Deposit the money – After you send in the filled out application form, you will need to wait for 3 to 5 days for getting your application processed and accepted as well. Once the application is accepted, you will be provided with a login ID along with the deposit options. Many online forex brokers accept both wire transfer and credit card options. There are some firms that require a deposit of only $25, while there are brokers that require the customers to deposit 2,500 USD in the trading account before they can start trading. The minimum requirement criterion varies greatly from broker to broker.

Discussed above are some points that you must observe before opening forex accounts with any of the reputed forex brokerage firms.

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Five sure-fire signs that you need a new job

At the end of the day, we’d all love to be in a job that we genuinely enjoy doing – and one that pays handsomely, of course.

However, that can’t always be the case. And let’s face it, not everybody can fulfill their ambition by attaining a dream job. There are, nevertheless, times when you simply have to say “enough is enough” when it comes to your own job satisfaction. If certain occurrences continue to drive you to the point of insanity then it’s usually a good sign that you should be looking for a new job.

Just in case you could do with a little extra help, here are five sure-fire signs that you’re in the wrong job – and that it’s a high-time you started looking for a new one.

1) You hate it

Perhaps the most obvious and straight-forward observation to make about the state of your career is simple – if you don’t like it then it’s probably not for you. Sure, you may see work as simply a way to pay the bills, but if you feel that the industry you’re involved in just isn’t your thing then it may be more trouble than it’s worth.

2) You’re not getting paid enough

You may thoroughly enjoy your job, it could be the best thing that’s ever happened to you and you may never want to leave when the working day concludes – but if you’re not getting paid enough then there’s always room to question your position. Everybody has their value and if you’re not receiving yours then be sure to have a quiet word with your employers about your level of remuneration.

3) Your co-workers annoy you

Your surrounding work environment is absolutely critical to the success of your job. So, if you work alongside colleagues who consistently irritate you then there’s a good chance that you’re not particularly keen on your current position – purely because you can’t stand the company that around you. Equally, co-workers who demonstrate a lack of ability – or are just merely incompetent – to perform their jobs adequately are also likely to unnerve you.

4) You find the work too easy

Does your job motivate you? Does it invigorate you? Or is your role too basic and below the capacity at which you believe you are capable? Sometimes you may have to bind your time in a position before moving up upon the ladder to assume more responsibility – but if you feel under-utilized after a substantial amount of time in your current position then you may need to consider your options. After all, you want to fulfill your potential, right?

5) You don’t know what you’re doing

Conversely, if you have no inclination about the work that you ought to be performing – and if sufficient training isn’t provided – then how are you meant to become competent and content with your job? And, if you can’t perform to a satisfactory standard, are you really likely to enjoy your job? Probably not.

Matthew Wood is a regular blogger and content developer who is contributing this article on behalf of the World Class Training Seminar Provider – EuroMaTech.

Know Your Interest Rate

Regardless of whether you are looking for a loan for the first time, or if you take out loans (such as using credit cards)frequently, it is important that you know about your interest rates.


This is because there are various types of interest rates and often times a normal person can easily get confused as to how the different rates and terms can be affecting their wallet. This article focuses on the different types of interest rates in order to help you get a better understanding of them.

Simple Interest Rate

Like its name implies, this type of interest rate is quite simple and basic. Because of that fact, it is also easier to calculate as compared to other types. A simple interest rate is calculated based upon the principal amount which is not paid yet. Additionally it is not charged on daily basis but rather for a whole year or term of the loan. This keeps the budget consistent and helps to pay the debt easily. For instance if you have borrowed $1000 and simple rate of interest is 6.5% for one year then the interest paid will be $65.

Compound Interest Rate

This type of interest rate is almost opposite to the simple interest rate. A compound interest rate is calculated on a periodic basis. Most types of loans and accounts operate on compound interest. Credit cards are one of the most common uses of compound interest we face in our lives daily. The good part is that most credit cards do not begin charging interest during the first month, so if you are someone who pays and clears the full balance on credit cards every month then you likely won’t be charged interest. With compound interest, it is important to make more than the minimum payment each month on your loans. By paying just the minimum, most of your money goes towards interest and in the end the principal amount doesn’t reduce by very much.

Annual Percentage Yield

Also known as the APY, the annual percentage yield is a way to calculate an interest rate as it is compounded throughout the year. An APY is usually in reference to money that you are earning, such as on a savings account or an investment. Your interest rate is the percentage of your base investment which is earned over a year but, thanks to compound interest, many banks or creditors calculate it on monthly basis. Let’s say your bank pays you 3% of interest on your savings account with amount deposited of $1000. You’ll actually end up getting slightly more than what you initially think you’re entitled to thanks the compounding interest.

This is because the bank would divide the 3% rate over 12 month’s period to calculate it monthly and the monthly rate would be 0.25%. So you’ll get $2.5 in interest during the first period (0.25% x $1000) which will make the total amount $1002.5. The next period, the rate of 0.25% will be calculated on $1002.5. In this situation, you would earn an extra $0.42 on your deposit. While your interest rate is 3.00%, the APY would be 3.04%. While here the gains may be minor, with more money, time and higher interest rates the bonus can be quite significant.

Amortized Interest Rate

This kind of interest rate is frequently used in case of car loans and mortgages. It is designed in such a manner that when you make a payment every month, you’ll pay an interest payment and some amount of the principal will be also reduced. Every payment you make results in a lesser principal amount being owed on the loan. If you take out a car loan for five years, the interest you would over the entire period is calculated at the beginning and split, along with the principal, over five years’ worth of payments.

These are four of the most commonly used terms to describe interest rates and they are not too complex or difficult to understand with just a little research. By understanding the terminology, you’ll ensure you get the best deal possible on your loans.

Hugh Tyzack is the founder of , which specialises in no fee loans for people with bad credit. Follow Hugh on Twitter @GBPLoans and also on Google+

Home improvements that pay for themselves

It isn’t too long ago that any home improvement work was guaranteed to add a huge amount of value to your home. But things have changed. Even here in Canada, where we’ve got away without the kind of property price crashes seen both south of the border and in other developed countries around the world, we have to work a lot harder and more carefully to add real value to our homes.

But some works add a lot more than others. So it’s worth thinking carefully about which kinds of work to carry out if you’re looking to make progress up the property ladder. If you want to improve things quickly, plan the work carefully and have a look at the type of loan that Wonga offers and the length of time they run for before deciding which to go for.

The cheapest way to add value for far more than the cost is quite easy; it’s through painting, decorating and cleaning – and doing the work yourself.

If you’re feeling more ambitious, then most real estate agents will agree that if you lie in an urban area, making space will add more value than the work is likely to cost. So a loft conversion is likely to achieve this aim for most houses.

The same can usually be said for adding an extension to your home – but this is an easy one to calculate as you simply need to ask the realtor’s advice as to the likely value of your home once the work was done – versus what it is now worth, plus the cost. Nevertheless, do bear in mind that building costs usually overrun a little.

Exactly the same principles apply if you consider adding a conservatory to your home, and even newly-fitted kitchens and bathrooms which are usually next up on most realtors’ lists of things most likely to add more value than they cost.

If you live in an old property, then replacing the windows is next on the agents’ hit list, followed by resurfacing your driveway and landscaping your garden.

With all these improvements, it’s important to get them done to a professional level and to do your homework thoroughly on the cost versus the likely value added. Remember, too, to insure the work properly.

And as an alternative, why not consider energy-saving home improvements as well or instead – as these will add value and save money on the bills?

Have you seen Canada’s new plastic $20 bills?

Many Canadians will get their first look at the new plastic bills as the prevalent $20 goes into circulation. Polymer bills were introduced last year, first with the $100, then the $50 in March. But to anyone who doesn’t regularly carry 50s or 100s on them, the bills of the future were just a fable. Until now.

The new look wasn’t welcomed by everyone. The $20 bill was surveyed by focus groups across the country before it was approved, and many participants drew some less-than-flattering conclusions about the note.

The note features a view of the Canadian National Vimy Memorial on its back.

The bill will be formally introduced in a ceremony at the Canadian War Museum in Ottawa by Bank of Canada Governor Mark Carney, Finance Minister Jim Flaherty and Veterans Affairs Minister Steven Blaney.

The $20 is the country’s mostly widely used bank note.

I am looking forward to using this new currency – still haven’t seen the $100 polymer bills in circulation. 

Financial literacy – Why is it so important

Financial literacy is the ability to understand finance. Understanding finance refers to the skills and knowledge that allow you to make informed decisions on real estate, insurance, savings and taxes among many other financial subjects.

The problem

According to the Organisation for Economic Co-operation and Development (OECD), if you are bad in finance, you are not alone on this planet:

Canadians consider choosing right investments to be more stressful than going to the dentist.

Four out of ten American workers are not saving for retirement.

British consumers do not actively seek out financial information. The only information they receive is only acquired by chance and is not always reliable.

Sixty-seven percent of Australians think that they know the concept of compound interest, but when asked to solve a simple related problem only twenty-eight percent had a good level of understanding.

The origin of the problem comes from the school system that, until today, is failing to at least introduce our kids to the basics of finance we need for our everyday life. You have probably learnt a lot about credit cards, savings and loans from your personal experience. Imagine for a moment that you knew how to deal with your credit card payment before you went in trouble the first time you used it.

You need at least a degree in finance to consider yourself a financial expert but you don’t want to make a career in finance. You only need to manage your personal and day-to-day finances. You will find below some general tips that would help you manage your finances. Remember that finance is a vast world and you need to do your own research for every financial decision you are about to make.

Make use of the online tools

There are hundreds of online tools and apps online that can help you with various financial decisions like the loan calculators, life insurance calculators and others. Make a good use of these tools but always keep in mind that some of these tools are meant to have commercial motives, thus not always being on your side.

Every little bit counts

Start saving for your retirement! You are urged to cut from your spending and add it to your savings. Don’t say that your salary is not enough; just take it a buck at a time and you will notice that you can still manage your expenses while growing your monthly savings. A good tip that will help you save money would be to ask yourself prior to each purchase if you NEED this item or you simply WANT it. Try asking yourself this question for a period of time and you will discover that you are already saving money without thinking!

Use your credit card wisely

One thing most of the people do not understand is that a credit card doesn’t give you free money. Banks offer credit cards because they know that most of the people will improperly use it and will oblige credit card holders to pay interest. Credit cards are only made to help you purchase your everyday purchases like food and clothing. Do not buy things you can’t afford! Pay your bill on time and in full every month; don’t make the mistake of only paying the minimum payment each month it will increase the amount of interest.

Teach your kids

You don’t want your kids to fall into the same financial problems of the majority. Start teaching them the good use of finance from an early age. You will be sure that they will carry a life without financial trouble.

About the author:

James McDonnel is a passionate finance blogger who writes for and loves writing on popular blogs like SwiftMoney are payday loan lenders and can help you if you are looking for a short term loan. James is a full time blogger and economist and he writes occasionally on various finance blogs.

How the City of Victoria could increase tax revenue.

I have never been in politics or ran for a seat for any office (other than high school where I was acclaimed), but I honestly feel that I have practical experience and I would provide a good value for a city or town.

I live in the city of Victoria, BC which is the capital city of British Columbia, Canada and is located on the southern tip of Vancouver Island off Canada’s Pacific coast.

The city has a population of about 80,017 within the metropolitan area of Greater Victoria, which has a population of 344,615, the 15th most populous Canadian metro region.

We are not a big city by any stretch of the imagination but our city council pretends that we are.

To keep the property tax increase to only 3.25% in 2014, the City needs to find savings in the range of $5,000,000 over the next few years.

Now, I own 2 properties in the city of Victoria so any tax increase hits me twice!

One thing I love about this city is the walkability. My wife and I can take our daughter on her stroller for hours and see great neighbourhoods and interesting landscapes (water views to a bustling street market to floathomes to a water break).

As a frequent walker I see so many dilapidated buildings and run down lots filled with rubbish or old vehicles. I have seen cars with grass growing out of the hood next to a house worth over $800,000 dollars. It is incredible the divide in our city. Many families are house-rich and have houses that are falling apart.

What our city should do is actively create and enforce a by-law that forces homeowners and developers to adhere to a standard of cleanliness and care or face massive fines.

This would improve the building situation (make more buildings liveable and keep more local contractors busy), and make this beautiful city with some of the most impressive access to natural resources (water surrounding the city and views of mountains and hills even better.

What is an Olympic Medal worth to an athlete?

Did you know that some countries award their athletes for their performance at the London Olympics?

I don’t get it for some sports (I mean does Kobe Bryant need any financial incentive to win a gold medal at basketball).

Here is a roundup of some countries and their incentives for their athletes:

[highlight]Britain: [/highlight]

Athletes from the host nation, Great Britain, aren’t getting any money for their efforts as the British Olympic Committee (BOC) believes that the medals and efforts are enough.

According to the Telegraph, a BOC official said:

[quote]It is our view that financial rewards do not significantly impact the motivation of an athlete to reach the Olympic podium. We believe that the drive, dedication and commitment required of Team GB athletes is motivated, first and foremost, by the desire to represent their country to the very best of their ability on the greatest sporting stage in the world, the Olympic Games; and their love of sport.[/quote]


Even though with the problems this country is having they are awarding their athletes  $182,000 for a gold medal winner.


2008 was the first time Canada gave incentives. The 2012 Olympians will get $20,000 for gold, $15,000 for silver and $10,000 for bronze.


Russia is offering $135,000 for a gold medal, $81,000 for a silver and bronze winners get $54,000.

What do you think about these incentives?

3 Ways to Get Money for Your Old Car

If you have an old, near-worthless vehicle, you can usually make a few extra hundred dollars from it by doing some research and using a few simple online tools.

Here are a few ideas to consider when getting rid of your old car.

1. Car donation.

You won’t get any cash for donating your vehicle, but with Donate Car USA, you can get papers that prove the value of your donation. At tax time, you can deduct your donation to save yourself a nice chunk of cash.

Dozens of charities take car donations, including many well-known national organizations and clubs. Even if your car isn’t running, you can usually donate at a solid value, but make sure that the relevant paperwork is in order before finalizing your donation in order to secure your deduction.

2. Father and son projects.

If you have a collectible car or if your vehicle’s model has a good reputation for safety and reliability, you can often sell it to families looking for a project vehicle.

If your old car doesn’t run, they won’t pay much money for it, but you’ll get the satisfaction of knowing that your vehicle’s giving a father-and-son mechanic team some quality bonding time. To sell your vehicle as a project car, write a brief ad describing what’s wrong with it and post the advertisement online. Check out services like Craigslist and eBay. You can also post an ad in your local paper.

3. Junk yards.

Some junkyards pay for vehicles. When you give them your vehicle, they’ll tear it down and sell the parts one at a time.

When you junk a car, you generally don’t get very much money for it. In fact, your local junkyard might not pay for anything other than a tow depending on where you live and your vehicle’s model and condition. Still, if you’re willing to search online for nearby junkyards and call them individually for a few minutes, you might find a local junkyard that will pay a modest amount for your vehicle.

With any of the options above, you’ll need your vehicle’s registration and title. Be sure to get money or a proof of donation before transferring these documents to your vehicle’s new owner. Research your options thoroughly and check the value of your car on websites like Kelley’s Blue Book before you make a decision. Even if your vehicle isn’t worth much, it’s still worth your time to get as much money as possible.

Written by Dane Thompson, who recommends Craig’s Junk Cars for Cash when getting money for old car.

Restaurant staff reports only 5-10 per cent of tips as income

According to a story in the Province, a blitz by Canada Revenue Agency auditors on an unfortunate group of waiters and waitresses in one Ontario community has exposed “very surprising” amounts of unreported tips and gratuities.

The pilot project targeted 145 servers working in just four restaurants in St. Catharines, Ont., a blue-collar city on the Niagara Peninsula, south of Toronto.

Auditors reviewed two years’ worth of income and found that every individual had hidden some portion of their tips from the taxman, with about half reporting no tips whatsoever.

In the end, the blitz flushed out $1.7 million in unreported tips and gratuities — almost $12,000 for each person.

“Industry insiders often tell servers that they only need to report 10 per cent of their … wages as tip income,” says an internal report on the project.

I have also heard the 10% reporting of tips but this is not right.

An interesting stat from the article shows that many serving staff likely would not have to pay any taxes, even were they forced to declare more tip income, because they fall under tax-free thresholds and can access tax credits.

“A lot of them aren’t making a heck of a lot of money,” said Garth Whyte, president of the Canadian Restaurant and Foodservices Association.

I dislike that these workers are avoiding paying their fair shares of taxes.

Many other industries like hair dressers, and contractors are also known for the “underground economy”.

Can you name any other notorious industries for tax avoidance?