9.02.2007

Helium Tip: Post in forums

One tip that I have found that works (especially to help promote your work) is to post in message boards/forums, both on Helium and on other sites. This is helpful for different reasons. Here are helpful tips for whether you're posting on Helium or on other sites:

When posting on other Message Boards:
- Link to Helium in your signature - This helps to get people to click and come visit your writings.

- Find something that fits in with what you have written for Helium - If you find something that is along the same topic areas as what you have written, people are probably going to be more interested. Also, if you are posting about an area you have directly written on, you'll even be able to include a direct link to that without it being spamming, which is the way to do things. Spamming is not good.

- Post quality - The only way that people will want to read other things that you have written is to make quality posts. That way people will see that you are a good writer that has interesting things to say, and they will want to read more.

When posting on Helium forums:
- Do not include a link to your articles - This is not allowed on the Helium boards, which is a VERY GOOD policy.

- Be helpful - People will be more likely to go check out some of your articles if you are helpful on the forums. Try to avoid flaming people or being rude. Being kind and helpful is a good policy.

- Be informative - Like the previous comment, this will make people a lot more likely to check out some of your articles.

Any other forum tips?

Why you should let me refer you

First off, let me say that if you refer somebody, you get 5% of whatever they earn. Which is why it's nice to refer someone.

Under normal circumstances, you don't get anything for being referred by someone. Meaning it wouldn't matter if I referred you or if you signed up yourself. In most cases.

This is why you should let me refer you... with this blog, I have the opportunity to do more promoting of others work. If you let me refer you, I will help to promote your work (provided it is of good quality), which is very important if you want to earn any money at Helium.

On Helium, you can only refer someone by sending them an email. Meaning I can't just post a link that means I referred you, you'd have to get the link in an email from me.

This is done mainly because Helium wants only higher-quality writers, and the thinking goes that you will only refer people that you think will be good writers. Whether or not you agree or disagree with this (and it's a fine rule), that is the rule and that's how they choose to do it.

So I can't post a link here that would let me refer you. However, if you let me know that you want to be referred (either by leaving a comment here or sending an email to me: uclabruins24 -AT- hotmail.com), I will send you an invitation email quickly. I am on the computer often... many, many times throughout the day, so it won't take me long to get an invite out. And I will help promote your work, as long as it is of good quality.

So if you still want to sign up independently, go ahead, and I hope you are successful in contributing to the quality at Helium. If you want a little boost, especially early on, send me an email and let me know that you want to be referred by me, and I will help to promote your articles and make you more successful.

8.31.2007

Helium Tip: Write About What You Know

If your goal writing at Helium is to produce quality content (and this should be your goal), then one of the best ways to achieve this is by writing about things that you know, especially when you first start out.

One of the secondary goals you'll probably have at Helium is to make a little money, and this is also a helpful tip for that. What are the benefits about writing about things you know? Well, let me see:

- It will help you provide good, quality content. If you are writing about things you know and like, you're articles will probably be better-informed. Also, if you do have to research anything for your writing, you are probably more likely to search better if you are researching something that is interesting to you. Another perk, with good content your article will likely be rated well, and that's rather important.

- You will be able to write more articles. Since one of your goals is probably going to be to make a little bit of money, the more articles you have, generally the better.

- You'll enjoy the site more. If you just write about things that you think might make you money, you'll get really bored writing. And then pretty soon, you won't be writing anymore and you'll forget all about Helium. But if you write about things you like and know, then you'll be more inclined to write, and more likely to enjoy it. Which is nice.

These are just a few of the benefits of writing articles on topics you like and know. This is one of the key things to Helium... if you don't do this, you'll probably create a lot of mediocre content and not enjoy it. Obviously there are exceptions, but this is really important in the grand scheme of things.

Explaining compound interest

"The most powerful force in the universe is compound interest." - Albert Einstein

Basically, it's the your original money can make interest. If the interest rate is high enough and the money sits for a long enough time, pretty soon the interest you made can make interest. And this is the power of compound interest.

Look at this way... let's say that you save $1000 and put it away right away. Let's say that (to make things simple), that $1000 earns 10% every single year... here is how much you would have after a certain amount of year:

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How many credit cards is too many?

The question is, how many can you handle?

If you can handle having multiple cards and you pay them all off at the end of each month, then I'm not sure there is a such thing as "too many" credit cards, aside from having to keep a look at your credit rating.

However, for some people, even one credit card is too many. It all depends on your mindset.

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Best ways to save money

I've found that one of the best ways to save money is to make things automatic.

What I mean by this is to have a portion of your paycheck automatically taken out and put into a savings account (and part to a 401k!), or even just a set amount taken each month automatically from your bank account and put into a savings account. Why does this work so well?

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Why can't people save money?

The reason that some people just can't seem to save is because they simply have the wrong mindset.

They think they "need" to have everything they really want, and then they spend more money than they should. In essence, they try to "keep up with the Joneses," either on a larger scale or a smaller scale.

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Experiences with ING Direct

I have had only positive experiences with ING Direct in the year or so that I have had money there.

First off, the interest rate, which is a solid 4.5% right now (February 2007). I don't have a lot of extra money to put in there, but the stuff that I do it's nice to get that interest, especially since I had been with brick-and-mortar banks my whole life.

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8.28.2007

Turning a little money into a lot

Turning a little money into a lot is easy... all it takes is a lot of time.

Through the power of compounding interest, you can put a little money in the stock market right now, and in 30-40 years there's a good chance that you'll have a significant amount more than when you started. This is the power compounding interest.

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Road to early retirement

The road to early retirement starts with having a relatively high income (realistically you will need this) and having the discipline to save a lot of money.

If you're going to retire early, obviously you have to save up for more years where you're not earning any income, which can be challenging. Instead of living for 20-30 years in retirement, retiring early may lead to 40-50 years of retirement.

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Will LeBron James be better than Michael Jordan

I'm not sure if LeBron will be better than MJ when it's all said and done (certainly WAY too early to tell), however, there certainly are some indications that he could eclipse Jordan. Some reasons:

- LeBron is more athletic than Jordan - LeBron is almost certainly one of, if not the most athletic players ever. Frankly, he's a freak. He's 6'8'', 240 pounds, can touch the top of the backboard jumping, is one of the fastest players in the NBA, and has great stamina (plays 40+ minutes a night). Jordan was certainly no slouch as an athlete, but LeBron is almost in a different stratosphere from everyone else.

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Investing Tips

The best way to "invest to win" is to go in with the idea that you're here for the long-term, and you want things that will make you money in the long-term.

Let's face it, unless you're real good, if you're stock picking, you don't have a good chance to beat the market. Even most money managers of mutual funds do not beat the market for a single year, and almost none of them beat it over the long-term.

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Disadvantages of an early retirement

The biggest disadvantage of early retirement is that it's hard to save enough money for it. If you retire at 40 or 50, with life expectancies these days, you have a very good chance of living at least 40 or 50 years longer. Which is great from a living standpoint, tough from a financial standpoint.

So that's why you need to be more aggressive in your saving if you're planning for an early retirement. In reality, you probably need double the retirement money than if you're retiring at a "normal" age, and that's with less earning time. Which means that you better have a pretty nice income to be able to save from.

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How to improve your ACT score

When you first get the ACT or think about the ACT, it can be extremely intimidating. Not only is it about 4 hours long to take it, but it has a huge impact on your future as far as colleges and scholarships.

For that reason, a lot of people go into the ACT with an extreme case of test anxiety. That, I think, is the biggest reason that a lot of people don't do as well as they otherwise might.

Other things will help improve your ACT test score... you can study your basic English rules. The english section is mostly about knowing where commas go, what colons are, etc. So if you know all of that, you will do well on the English section.

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Best Get-Rich Quick Schemes

Unfortunately, there is no such thing as a great get-rich quick plan.

If there was, well, everyone would be doing it. If there was one that only I knew, well, I'll give you a hint, I probably wouldn't be writing about it here.

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Can you make money blogging?

Yes you can. It's a lot of hard work, but I am proof that you can... and if I can, anyone can.

First, you have to write about something you are passionate about and enjoy writing about. If you're doing that, the blog will be a lot better to read, and your readers will be able to tell whether you are interested in what you're writing about or not.

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Playstation 3 vs. Nintendo Wii

The first obvious difference between the two is the price... the PS3 is currently selling for over $700 in some places (sometimes with game packages) while the Nintendo Wii is selling for a lot less. So that is one of the main differences between the two.

But beyond that, it depends on what style of gamer you are and what you want out of the console.

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Abraham Lincoln Quotes

My favorite is the Gettysburg Address, one of the most powerful speeches of all time:

"Four score and seven years ago our fathers brought forth, upon this continent, a new nation, conceived in liberty, and dedicated to the proposition that "all men are created equal"

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Business Ethics

What is ethics? What is business ethics? According to Noah Webster, ethics is "A set of principles of right conduct." Another definition, according to Wikipedia, "Business ethics is a form of applied ethics that examines ethical rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting." According to the Institute of Business Ethics (IBE), "Business ethics is the application of ethical values to business behavior."

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Money-Making Forums

I have generally had good experience with money-making and personal finance forums.

One thing you have to do is sorta take people's word with a grain of salt... what I mean by that is that not a lot of the people are "experts," so you can't take their word and run with it because you just don't know. However, these types of sites are great for getting new ideas about things or searching for other ideas on something you know just a little about.

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