The Monetizer - Making Money Online The Monetizer - Making Money Online The Monetizer looks at ways you can start making money online, and tries his best to avoid scams. Also highlights blogging tools and internet resources to help you out. Articles
The Cow is Selling Out!
2008-04-13 05:16:00 Ok not really, but the Monetizer learned of some unfortunate news via a blog email update Friday; John Cow has decided to sell his blog. Apologies in advance for a bit of a rant and several puns, but the Cow is easily one of my favorite blogs due to its high creativity factor.There's two blogs I always check on a daily basis by the email updates. Lately, it's been all I've had time for with all my blogging and other projects, bill paying, research, checking emails, catching up with friends and all that good stuff. The two blogs I make sure to stay with are Courtney Tuttle and John Chow. Court's got extremely valuable and helpful info on SEO, in fact he's the best around for great tips and info to get your traffic rolling in. I also look to John Cow as one of the benchmarks in terms of the internet marketing & MMO niche due to his highly regarded blogging creativity. He snatched up a great idea and URL with Johnchow.com, which ranks 1st for "John Chow". His clever move pa... More About: News , Selling , Make Money Online , Websites
The Big Give: Making Money & Giving Back
2008-04-10 16:33:00 "I can't help the poor if I'm one of them, so I got rich and gave back to em, that's the win-win" - Moment of Clarity, Jay-ZBig Give or Go home. That's the motto of Oprah Winfrey's interesting new reality game show that airs Sunday nights at 9PM on ABC. It's been running several weeks now, but covers an important aspect of moneymaking that many overlook; the concept of giving back.Many of the books which discuss wealth acquisition also delve into the topic of giving in order to receive. Roberty Kiyosaki, author of "Rich Dad, Poor Dad", says that most often you'll find that once you've given a donation to your church or other charity, you'll find the gift somehow returns to you with interest. That doesn't mean if you donate $1 to a church, expect to find a bag full of 100 dollar bills, but that you may have some act of gratitude come back to you for your charitable expression.On Oprah's "The Big Give" contestants are given a unique challenge each week. They are usual... More About: Money , Charity , Back , Giving
Cash Crate - the Site that Keeps on Paying!
2008-04-06 04:05:00 I've written a few entries about the Survey & Get-Paid-to site called Cash Crate here. Since joining, I've received 5 checks from Kingside Media, but that was way back when I was actually filling out their surveys. Recently, I've seen money come in from the site without even logging into it (other than to check stats). That's what makes it a great site to belong to, because it keeps on paying, whether you're active on it or not. All you need is referrals. The beauty of Cash Crate is their referral system. You start out by earning % commission on any of your referrals' earnings. Once you've referred 50 members to the site, you begin to receive a 25% commission for anything any of those active referrals does (surveys, offers, etc). So let's say 1 member earns their $10 to get paid. That means you've earned $2.50 and are 1/4 of the way towards another easy check for the month. The more active members you have referred the better...If at least 4 people are earning $... More About: Make Money Online , Site , The Site
Making a Million through Social Networks
2008-04-03 18:53:00 So what's the true way to make a lot of money online? Some may say it comes through networking and being extra friendly. A 19 year old internet entrepreneur from Canada has created a new website/blog called The Social Million aire. Pat Harkinson is the lad and he is attempting to do the ordinary online feat of generating 1 million dollars. He will then take that money to invest into other new internet projects. So how does he plan to raise the money?Pat's Social Millionaire site sells keyword links to the highest bidder. The bid starts at $5 for any keyword. If another bidder bids higher than you, they will appear on Pat's site for the keyword. These keywords are seen by any visitor at the Social Millionaire homepage.Pat also has set up several social media networks, where you can be social with him. Included on the list are:MySpaceFacebookTwitterYouTubeOrkutSti ckamBeboSquidooMyBlogLogBlog CatalogDefinitely some of the biggest names in online social media & blogging netwo... More About: Social Networks , Networks , Websites
How to Profit from Pranks
2008-04-02 19:07:00 There seems to be a way to profit online from just about every holiday and April Fool's day is not excluded. Taking advantage of people in the holiday buying, or joking mood is a perfect way to make some money online. In fact, you could be running an affiliate program featuring ads for practical joke and prank items on an appropriate blog or website. The Prankplace.com Affiliate program is a good example of a website that lets you profit from people who like to play pranks. Here's some quick details on their program:- Prankplace affiliates can automatically join the Kolimbo Open Network, which will give you even more affiliate merchants to take a look at, and consider implementing on your site.- Prankplace offers a very generous commission of 20% on any sales you refer. - The minimum payout for Prankplace affiliate is $25, via check or to your Paypal.- They carry over 1,700 fun, wacky and zany products to pitch. You can link to just the Prankplace homepage or a specific prod... More About: Pranks , Affiliate Programs , Make Money Online , Websites , Profit
Widgetbucks Announces Changes
2008-04-02 18:51:00 I received the following email from Widget bucks on April Fool's Day (no joke here). If you're a publisher with the site, it's worth taking a look at this because it involves a drop in CPC rates as of March 29th, meaning less money in your account.Dear WidgetBucks Publisher,This email touches on a couple revenue updates, largely around recent shifts in CPC (cost-per-click) rates and the baseline CPM rate publishers are seeing for U.S. and Canadian traffic.CPCCPC rates have have dropped significantly since this past weekend (March 29-30). We are working through those issues with partners right now and anticipate these rates will rise again within the next seven days. Incidentally, this drop we are seeing is not unique to the WidgetBucks network when it comes to shopping CPC rates right now; nonetheless, we're working to get those CPC rates back to their week-ago levels.CPMs within "Hybrids"After launching our combination CPM/CPC "hybrid" ads nearly a month ago, we are seeing a ba... More About: Make Money Online
I'm Buying Eva Longoria on eBay!
2008-04-01 09:46:00 The Monetizer figures that giving back is a great thing to do when you have the money for it. Some deals are also too good to pass up. So that's why I made it my diehard goal to win eBay's Meet Eva Longoria Auction today. It's for a great cause and she's one foxy housewife from Wisteria Lane, so the money's not an issue. I'd rather meet her than Duran Duran, which eBay is also offering...If anything, it means I'll be spending my $10,000 or so wisely for a date with Mrs. Longoria-Parker, wife of the NBA Superstar, Tony Parker. I'll probably take her for a spin in my brand new Porsche to my beachfront home, then we can sip John Chow Cola under the stars....After I wine and dine Eva and tell her how I make money online, she'll leave her hubby in a heartbeat, and he'll be green with envy......And if you believe this deal's really going down, I have a bridge and some magic beans to sell you!!...In all seriousness folks, it's April Fools day, so that was all in good fun..... More About: Holidays , Buying , Ebay
Getting Paid with Ximmy...
2008-03-31 19:55:00 Soon The Monetizer will see another affiliate check for the Ximmy.com site! What I like most is that just having friends and family sign up for the free social network/news site, you get payed. The site is alot like Digg, except for just one thing: Digg takes your time, while Ximmy gives you money for your time and effort. Albeit just 50 cents a head, you still profit from this site just by getting referrals to sign up. You also profit by being a member who comments and submits content to Ximmy.I'd recommend all online moneymakers give this site a try, otherwise you're leaving money on the table!Ximmy guarantees you get paid once you hit $25 and it goes to your Paypal immediately on the first of the following month!So don't leave money on the online table...Sign up at XIMMY -Get Paid !Like Digg? Try Ximmy.com and get Paid! More About: Make Money Online
People Search with Spock.com!
2008-03-31 19:07:00 Most Trekies will see the website name and immediately assume it has to do with their beloved Sci-Fi TV hero, the pointy-eared extra-intelligent Vulcan character, Mr. Spock . However, Spock.com - A Great Place for Search is in fact an intelligent search engine which helps you find people. Just by typing in a name, email, location or other info you can begin your search. (No stalkers please) You could search for a long lost friend, Brazilian models, your new neighbor, or even Mr. Spock (Leonard Nimoy).Spock.com acts not just as a search engine for people, but also an online network where you can add your trusted friends, family and others, or add new connections made from friends on Spock (similar to Myspace's concept). You can modify any existing info Spock has on you as well, to ensure that anyone searching you is not being mislead by the info. The way Spock does its powerful people search is by searching for information on biography pages, social networks, news sites, blogs, a... More About: Reviews , People , Search Engines
The Hour the Earth Went Dark
2008-03-31 05:48:00 Not quite the entire Earth , but millions of people around the globe observed March 29th's "Earth Hour ", a global effort to show how we can have an impact on the climate. The premise was to turn off your lights between 8 and 9 PM during your local time, which in turn would conserve energy in a big, unified way. Many cities participated with hosted events to observe the hour. Not only homes, but restaurants, local businesses and even landmarks turned their lights out as part of the event. According to news reports, even the Queen of Denmark shut lights out to be part of the effort.Earth Hour was started over 10 years ago by the WWF (not the pro wrestling league, but World Wildlife Fund). According to their site's info page on the effort:Created by WWF in Sydney, Australia in 2007, Earth Hour has grown from a single event into a global movement. In 2008, millions of people, businesses, governments and civic organizations in nearly 200 cities around the globe will turn out for Ea... More About: Dark , Energy Conservation
The Day Google Went Dark
2008-03-29 19:39:00 Today when I first went to Google , I immediately thought Firefox or my PC had some sort of virus going on. The entire Google frontpage is black today (as seen above), but it's no virus or reason for concern. Today Google has "shut off its lights", and is reminding people across the world to do the same, from 8 to 9 PM during their local time. The act is an effort to conserve energy for that hour. Here's more from Google about today's "Earth Hour":Google users in the United States will notice today that we "turned the lights out" on the Google.com homepage as a gesture to raise awareness of a worldwide energy conservation effort called Earth Hour. As to why we don't do this permanently - it saves no energy; modern displays use the same amount of power regardless of what they display. However, you can do something to reduce the energy consumption of your home PC by joining the Climate Savers Computing Initiative.On Saturday, March 29, 2008, Earth Hour invites people around the... More About: Dark , Causes , Energy Conservation
Why I Have 8 Blogs to Make Money Online
2008-03-28 17:03:00 I was chatting with a friend last night and mentioned I maintain about 8 blogs on various topics that interest me. She was stunned by the number, and I explained it can be a lot of work, with some blogs getting updated more often then the others. There's times where I look at the RSS counts and then feel those people will be let down if there's not recent updates. I tend to update the one that is my "breadwinner" while the others get a little less attention based on how I feel at the moment. So while it may seem overwhelming to have 2 or more blogs, I feel having more is better, and here's why...In the Rich Dad, Poor Dad series, Robert Kiyosaki discusses the notion of not just having 1 business, but many. The more business assets you own and profit from, the better. While it's great to have just 1 blog going and making you money, why not have several? There's no rule you need to update blogs daily, or advertise heavily on each one. Some you can set up just for search en... More About: Money , Make Money , Make Money Online , Blogs , Online
Kettering University Offers Co-Op Education
2008-03-27 18:59:00 The following is a sponsored blog entry. When it comes to making money and creating wealth, many will argue that having a solid education is the best way to start. Choosing the best college or university is a chore many high school seniors and others face yearly. One university, Kettering, offers top notch engineering co-op programs as well as industrial engineering programs. US News and World Report has ranked Kettering University as "the #1 University in the nation for Industrial and Manufacturing Engineering" in its annual "America's Best Colleges Guide for 2008". The school, located in Flint, Michigan, is helpful because it places freshmen students with companies to help them start gaining real world work experience. Kettering's class leading Co-op programs rotate students between school and their co-op job, alternating every 3 months to help give students valuable work experience. It's always best to decide early about what profession or job field you may want to get ... More About: Education , Reviews , Websites , Offers
Google Adsense Got You Down? Try These 5!
2008-03-24 20:36:00 Like many other bloggers I've noticed a significant recent drop in Google Adsense click payouts. My best guess is this reduction comes due to the "Google Smart pricing" or even the poor economy. It could be a sign of advertisers cutting back on spending, and it makes you wonder if it will hurt the big G come stock report time. It makes for a great case to implement other advertising and money making ideas in the interim though. So what other alternatives could you use if Google earnings have taken a dip?Here's 5 programs to consider:1 - ShoppingAds - Places eBay style ads on your site. Get paid per click and per action (such as ebay signups and auctions). Minimum payout is $50, so it may take a while to see your first check, depending how you implement it. 2 - WidgetBucks - Puts animated widgets on your site. Allows for different payout based on visitors to your site from US or outside. Like ShoppingAds, minimum payout is $50, so it may take a while to see your first check... More About: Affiliate Programs , Google Adsense
How to Catch a Leprechaun & Make Money!
2008-03-17 21:38:00 Happy St Patrick's day to all readers of the Monetizer blog!! What better a day to be in the make money online spirit, then the day of Irish luck, gold coins, leprechauns and pots of gold at the end of the rainbow! Some may even go so far as to try to build a leprechaun trap to get one of the mini Irish potato-loving creatures. According to legend, their weakness is fear of capture. So if you do catch one, they may be forced to give up their pot of gold! Just keep in mind, leprechauns despise the truly greedy people of the world, so be careful!On a serious money making tip, today's a great day to get into the habit of seeing that there is an abundance of wealth in the world..Some may call it greed, while others call it the true attitude towards becoming rich! Rather than seeing the world as a place of scarcity where you have to scrap and scrape to save money, why not dream big, realizing there's plenty of money for those who are dedicated to attaining wealth?The Monetizer ... More About: Holidays , Money , Make Money , Make Money Online , Motivation
Creative Blogging Leads to Success
2008-03-17 00:35:00 The Monetizer heard a lot about the book "Rich Dad, Poor Dad" by Robert Kiyosaki, who's been featured as a financial guest speaker on CNBC, and is well known as a business-savvy friend of Mr. Donald Trump. Unfortunately, that first book in the series wasn't available at the bookstore, so I picked up book 3 in his series, Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!. Aside from the long title, its a book nearing 400 or so pages and packed with interesting anecdotes and tips. Now this book doesn't just relate to playing the stock market, finding the next hot company to invest in, or flipping real estate, but it also offers a very valuable piece of info relating to online business ventures.One of the underlying keys of the book is that Rich dad points out you want to be on the Business/Investor side of the equation rather than the Employee/Student side of things. In other words you don't want to be working for someone else,... More About: Creative , Books , Make Money Online , Blogging , Blogs
Win a Nintendo Wii or High Speed Internet for Life!
2008-03-09 02:17:00 The Nintendo Wii continues to be one of the most sought after video game systems around. From what The Monetizer has heard these things fly out of the stores the minute they arrive on shipment trucks! People love the Wii, and right now Charter.com is giving people a chance to win a Wii!The prize package will include the Nintendo Wii Console, Wii Stand, 5 Sports games ( Boxing, Baseball, Tennis, Golf and bowling), 1 Remote Controller, 1 Nunchuk Controller, 1 Sensor Bar, 1 Wii AC Adapter, 1 Wii AV Cable. Not a bad prize at all, as you'll have quite the gaming setup without spending a dime on games or accessories!Charter is also holding a pretty cool auction where someone can win Charter High Speed Internet for Life ! You read it right, high speed internet service for life! The bidding starts at just $10 in the auction, and there's no reserve price. So it could go for more than $10, less than $25 or who knows! It's always great to have a life's necessity such as monthly hi sp... More About: Contests
The 2008 World's Billionaires
2008-03-07 20:09:00 What would you do with 1 million dollars? An even tougher question might be, what would you do with 1 Billion Dollars?!? Forbes magazine has released its latest issue on the billionaires of the world. Topping the list is the investment guru himself, Warren Buffet. Buffet is considered the world's richest man at 62 billion dollars of worth. According to Forbes, Buffet's net worth jumped about 10 billion in the past year. Last year's top billionaire was Microsoft founder, Mr. Bill Gates, who has slipped down to 3rd on the list after 13 years being named "world's richest". The man at number 2 is Carlos Slim Helú, a Mexican telecom tycoon who has amazingly doubled his worth to 60 bill in just 2 years.You may not recognize many Americans on the list below aside from Buffet, Gates and Larry Ellison. According to Forbes' writeup, just two years ago the list of top 20 billionaires was half Americans. Now it includes just 4 Americans in the top 20. Amazingly the number 2 coun... More About: News , Make Money Online , Billionaires , Facebook , 2008
Free Online Blackjack
2008-03-04 20:30:00 The Monetizer used to be more of a gambler, with the game of choice being roulette. If you're reading this entry from anywhere besides the United States or Canada, you may enjoy the gambling site BlackJack Club which offers online black jack. BlackJack Club's motto is "where the smart players come to win". However, the smart players can only be gamblers in Europe and the rest of the world. Players outside of the US & Canada will surely enjoy the chance to play online slot machines, table games and fun 3-D games for free or money.First off, BlackJack Club has a slick and stylish gaming look and feel to its site. Done in all black, red and white colors with great images of casino games, there's no question what the site is all about or has to offer. The site offers virtual casino gaming and some great promotions to give free money. In a current promotion, the site is offering to give gamblers a 50% bonus on their first deposit to the site. So if your initial deposit is... More About: Reviews , Make Money Online , Free , Websites , Online
Ximmy & Minimum Payouts
2008-03-04 19:33:00 A newer website the Monetizer has been promoting is called Ximmy.com. With this site you earn $10 per every 1000 points you earn as a member there. Points are earned by commenting (1pt) on submitted URL news or if a URL item you submit earns front page status (15 pts), making it very similar to Digg. Digg doesn't offer up any money to its users though which is why I'd prefer spending time giving Ximmy comments. Some people may say "who cares about $10?" but money for website participation is always nice.Another aspect of Ximmy is if you become an affiliate of their site, you earn 50 cents per member you refer to join. Ximmy states that you'll receive payout once you've earned $25, and they start you with $5 for being an affiliate. Be forewarned with this, you will need to earn $25 in referrals "in addition" to the $5 you start with. So basically, refer 50 members, you'll be payed $30 the 1st of the following month.Keep this in mind with most of the online earning program... More About: Make Money Online , Minimum
Experience Rome with Romaclick
2008-03-01 23:01:00 Of all the vacations I've taken so far, one of my favorites was definitely Roma, the historic city of Rome . Surveying the various historic statues, ruins, landmarks and ancient remains makes you feel like you're walking back in time, as a part of ancient history. It's quite impressive, from walking through the large open Colosseum where gladiators competed, seeing the gorgeous Spanish Steps, throwing a coin into Trevi fountain and viewing the beautiful Vatican along with its brilliantly painted ceilings. There was also the Boca de la Verdad or "Mouth of Truth". Most tourists stop by the statue of a face with an open mouth, and get a picture with their hand in the mouth. Legend says if you have one less hand after that it's because you aren't an honest individual.I'd recommend everyone see Rome and all it has to offer at least once in their lifetime. If you need to plan this sort of trip, I also recommend doing your homework ahead of time. A website which can be quite he... More About: Travel , Websites , Experience
Freegans & the Secret Science of Getting Rich
2008-03-01 22:48:00 In today's lesson, the Monetizer will tie 3 concepts together: a ?Freegan? episode of Oprah, "The Secret" and "The Science of Getting Rich ", because they all relate, yet Freegans are in opposition to money making concepts.First off, if you aren't familiar with a "Freegan" they are individuals trying to make a statement by living below financial means. They are trying to tell corporate America they won't be induced into constant buying to "keep up with the Jones's" or the latest trends. So what they do is go to great lengths to essentially "trash pick" for items that will be free. These items include furniture, office supplies, clothing and yes even food. The food part is probably the toughest to "swallow", so to speak, because not many of us would go dumpster hunting for food, or consider it sanitary. The Freegans go to dumpsters outside of grocery stores. On Oprah's show, they went on a large group tour of one dumpster site at nighttime and were able to retrieve items li... More About: Books , Finance , Make Money Online
The Credit Crunch Continues
2008-02-27 18:58:00 You may have noticed this quite a bit lately, where various ?helpful? companies are really preying upon the emotions of the credit card user and those in debt trouble. One commercial shown repeatedly on television seems to be the "freecreditreport.com" jingle. You know the one where a dude strums his guitar and sings a happy tune about how he was burned by not checking out his credit report. He sings how he had his identity stolen and credit destroyed, but if he had just checked his credit report he'd be fine. He even has to settle for a crappy, smaller car and take a job as a pirate at a restaurant, making him look like he's gone into the witness relocation program due to identity theft.And that commercial isn't the only one being launched at people. There's also ads running all over about saving you from the IRS or "we will save you from all your debt". Consolidate now! Of course these helpful programs will also come at a fee, monthly yearly or percentage rate wise. T... More About: Rants , Credit , Crunch
Boomertowne is Fun and Rewarding!
2008-02-26 19:19:00 About a week or so ago the Monetizer had heard through another social media site that Boomertowne is the place to be. You may say "not another site to join", but this one clearly offers fun and value, with an easy way to rack up points. While Boomertowne doesn't give out money online per se, they do offer a great array of rewards including Target, Best Buy and Visa gift cards. The beauty of those sorts of items is they translate into great, free prizes you've earned that you can buy things with or use for blog contest prizes.The way Boomertowne works is simple and almost similar to Myspace. You sign up for the site and create a profile. Once you're a member the points begin to accumulate immediately. Filling out your profile is an automatic 100 points. Every new page you view on the site gives you 1 point each day. Friend requests you accept give 10 points. Reading the daily newsletter is 100 points, participating in the sites various Flash games is 25 points, and so for... More About: Websites
Make Money Online Without a Website!
2008-02-21 04:31:00 Since moving to a new state I've been reduced to using dialup for a bit of time, making it more of a challenge to post to blogs and complete other tasks. That said, I wanted to provide a bunch of ways for people to make money online without having the stress/complication of running a website or blog to do it. So here are just 10 ways you can profit online without owning your own website..1) eBay - Since moving to a new place I've been putting a lot more items on eBay. The key factor here is you really need to evaluate the items you just can't get rid of. It's easy to say that about a lot of things we own, but if you can part with things that just aren't being used, there's extra money. I also am starting to investigate the local consignment and Goodwill type stores for electronics. These can be gold mines for resale of items.2) Associated Content - With AC you are paid for your unique written articles. These are upfront payments or performance payments. Sometimes AC wi... More About: Website , Money , Make Money , Make Money Online , Online
Finding a Web Host
2008-02-18 19:02:00 The following is a sponsored blog post. If you currently use a free blog platform, the biggest recommendation someone might tell you is to purchase a domain and hosting. It sounds like a broken record, but you'll have more control over your blog than if you are using someone else's service. It may also sound hypocritical as this blog runs on blogspot.com. The Monetizer has several blogs in the work and is looking to decide on a good web hosting choice for 2 or 3 of those blogs.Many people will be quick to recommend GoDaddy or Host Gator as the best hosts to move your blog to, but there may be another that fits your site needs better. You can easily check for hosting sites that fit your requirements at Webhostingchoice.com, which provides an easy to use search to find the best hosting for your needs. You simply enter the monthly cost you'd like to pay, the Diskspace storage you'd like, Bandwith needed and your setup costs. The site then gives you several options for web ho... More About: Hosting , Sponsored
Money Considerations when Moving
2008-02-15 20:43:00 Hey friends, fans and faithful blog readers...The Monetizer was recently involved in a big out of state move. As you know there's a lot involved when you make a move to a new residence. If it's an apartment setting you may have a lot of loose ends to tie up back home. Here's some tips on things to think about when moving..1) Bank - This has been the biggest challenge so far. My bank located back home doesn't have branches in the new state. The challenge comes because I used to be able to move funds from PayPal or other sources on a day's notice. Now there's a new stumbling block in automatic withdrawals, etc. So the bank is one thing to consider first and foremost when moving.2) Utility/Bill companies - The beauty of most companies these days is that you can do things online, such as pay the monthly bill and if you need to, cancel service. I've been successful in cancelling Eletric so far, but the Cable and Phone/DSL will require phone calls. A lot of these services ... More About: Rants , Money , Moving
The Monetizer is on the Move!
2008-02-13 19:08:00 Hey folks! The Monetizer has been a bit busy lately with a big change of residences. So stay tuned as the Monetizer blog will be updated very shortly with more ways to make money!Make money from your Website or Blog with BidVertiser More About: Move
A Billionaire's Mindstate
2008-02-09 17:07:00 I took a quick look at the new Entrepreneur magazine at the local news stand, as it discusses the idea of being a billionaire instead of a millionaire. These days with the way tech companies are blowing up it's very possible to create that sort of wealth. Over at the Entrepreneur.com site they have a full article about how it's done.The magazine offers the following traits about entrepreneurs: - Entrepreneurs are less likely to be college graduates than non-entrepreneurs. - They are more likely to attribute their success to determination, while nonentrepreneurs credit intelligence and education. -They say their happiness increases as they accumulate more money. -They are more likely to say money brings them self-confidence, while nonentrepreneurs say it brings them security.(Note: The above findings are from a 2007 study of those who have assets of $5 million and above.)Those concepts seem like no-brainers right? Except you'd be hard pressed to find people who s...
The Mortage Debate: Pay Off or Keep It?
More articles from this author:2008-02-09 17:03:00 I was recently checking out an article at the UK's Money Magic site about a Commercial Mortgage situation. One article on the site discusses how borrowers can and should pay off their mortgage by keeping their montly payments up. The article states:"A lender who is paying £629 per month on a £100,000 mortgage at 5.75 per cent could now pay £30 less at 5.25 per cent "Many of us here in the US don't deal in Euros, but the concept is the same for the US homeowners. According to Kate Tucker of Charcoal.co.uk, she says a mortgage really dictates when people can retire. Paying off that big financial obligation may seem like sound advice as the article adds that paying off the mortgage frees up money for other things. However, The Monetizer has heard from more than one source that the last thing you want to do is pay your mortgage off.In my opinion, owning a home is the best investment you can make financially, besides an education. The home mortgage can be refinanced to free up e... More About: Debate 1, 2, 3, 4, 5, 6, 7 |
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