Many people have put money away for savings, whether in a savings or an investment account. However, if you are like the many others out there, a savings or investment account simply does not give you the return that you are expecting. When in your retirement years, it is important to make the most of every dime to ensure that you have enough to keep the quality of life you had established prior to retirement.
The Berry Tree can be more profitable than any kind of savings method out there. There are many reasons for this. First, think about the amount of money you are putting into your savings account or investment account each month. Let us assume, for the sake of this article, that you are putting $500 each and every month into an account. Again, for the purpose of this article, let us say that you are earning a 5% interest on your savings account and a 15% average return on the investment account.
Now, it is important to understand a little about the Berry Tree. First, you pay roughly $50 each month for your membership. When you compare that $50 to the $500 you are putting into the account each month, there is a huge difference. Now, that $50 a month will cost you $600 a year. It could take you as many as two years to fill your first tree and start earning $1,336 each month, this is give or take, depending on your desire and drive. In that two years, you will have paid $1,200 total, which really would be less since your earnings might cover your monthly membership fees.
That is a $1,200 for two year investment that allows you to earn $1,336 each month. Now, you need to have a look at that investment account. With that 15% return average and your $500 a month payment to the account, you will have to pay more than $52,000 over a span of almost nine years before you will see a return of $1,336 a month.
For your savings account, which earns 5% and you still make $500 a month payment, you would have to pay more than $156,000 into the account over the spam of twenty-six years to reach that kind of monthly income potential. If you were only paying $50 in the savings account, it would take sixty-six years and $40,000 before you would see $1,336 a month.
Really when you think about it in terms of investment, time, and return, The Berry Tree, just makes sense.
Tuesday, March 25, 2008
Extra Incoming Earning Through Internet
To capitalize on ways to make extra income you can (and should) use the Internet for test marketing:
(a) To establish demand for your extra income idea.
(b) To prepare yourself to take advantage of other ways to make extra income i.e. developing a residual income stream.
Unless your first work is of outstanding merit and focused on an equally exceptional topic you will almost certainly require to cool your heels for a spell while your proposal for publication is being assessed for viability.
It could be several months before you receive a decision and with good reason; publishers assume 100% of the financial risk involved and so need to be 100% convinced that your writing-for-profit text is sellable before committing to the first round of expenditure.
Cooling your heels however does not mean to imply that you sit around doing nothing - not if you want to make money writing from the outset.
In this fallow period you ought to be concentrating your energies on some test marketing for your extra income idea book and there is no smarter or efficient way of accomplishing this than using the Internet. Do some engine searching (use google.com for fast results) to locate online publishers specializing in niche non-fiction.
Choose the one whose featured produce most closely meets the criteria of your own area of expertise and make sure that submission of your manuscript won’t cost you a penny and that your percentage of commission on sales is not less than 30%.
This is much higher than the royalty percentage you will receive when your book is published in hard copy format but then online concerns do not take on board the high risks incumbent on traditional publishing houses. What they do recognize though is that your work is just as much an extra income opportunity for them as it is for you.
You will very quickly become aware whether or not there is a genuine demand for your topic because sales for downloadable reading matter tend to trickle in rapidly from the outset of virtual publication.
The returns won’t be dramatic but if you clock up 50 to 100 sales over two to three months you can be reasonably certain that your work has a better than evens chance of making it in the real world of publishing and introducing you to other ways to make extra income.
This is how to determine whether your make-money-writing project hits the button enabling you to earn extra income at home.
That said, the quality of your writing is germane to success both online and offline. Vapid and unreflective won’t cut the mustard; sound and well reasoned writing will.
Chapters 7, 8 and 9 of my creative writing course Writing for Profit in Your Spare Time will provide you with the strategies essential to producing material consistent with the stringent demands of commissioning editors together with opening the door to various ways to make extra income.
(a) To establish demand for your extra income idea.
(b) To prepare yourself to take advantage of other ways to make extra income i.e. developing a residual income stream.
Unless your first work is of outstanding merit and focused on an equally exceptional topic you will almost certainly require to cool your heels for a spell while your proposal for publication is being assessed for viability.
It could be several months before you receive a decision and with good reason; publishers assume 100% of the financial risk involved and so need to be 100% convinced that your writing-for-profit text is sellable before committing to the first round of expenditure.
Cooling your heels however does not mean to imply that you sit around doing nothing - not if you want to make money writing from the outset.
In this fallow period you ought to be concentrating your energies on some test marketing for your extra income idea book and there is no smarter or efficient way of accomplishing this than using the Internet. Do some engine searching (use google.com for fast results) to locate online publishers specializing in niche non-fiction.
Choose the one whose featured produce most closely meets the criteria of your own area of expertise and make sure that submission of your manuscript won’t cost you a penny and that your percentage of commission on sales is not less than 30%.
This is much higher than the royalty percentage you will receive when your book is published in hard copy format but then online concerns do not take on board the high risks incumbent on traditional publishing houses. What they do recognize though is that your work is just as much an extra income opportunity for them as it is for you.
You will very quickly become aware whether or not there is a genuine demand for your topic because sales for downloadable reading matter tend to trickle in rapidly from the outset of virtual publication.
The returns won’t be dramatic but if you clock up 50 to 100 sales over two to three months you can be reasonably certain that your work has a better than evens chance of making it in the real world of publishing and introducing you to other ways to make extra income.
This is how to determine whether your make-money-writing project hits the button enabling you to earn extra income at home.
That said, the quality of your writing is germane to success both online and offline. Vapid and unreflective won’t cut the mustard; sound and well reasoned writing will.
Chapters 7, 8 and 9 of my creative writing course Writing for Profit in Your Spare Time will provide you with the strategies essential to producing material consistent with the stringent demands of commissioning editors together with opening the door to various ways to make extra income.
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