Make Money Online Now: Fast and Free

You are not the only one looking for ways to make money online fast, there are millions like us everywhere. Thanks to the ever-developing internet technologies, it has become easier to look for opportunities to earn. You can do this by selling stuff online, write, create websites and many more. To make it really easier for you, I have compiled the Top 5 Free ways to make money online now: Be paid just by sharing your opinion and answering surveys
Become an eBay seller
Become a Freelance article writer
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Sell photos These are simple and free ways to make money online, even without an investment. Take Online SurveysTaking online surveys won’t pay huge you the big bucks and make you rich, but this could be a solution if you are looking for a way to make free and fast online money. You only need to sign up to an online survey company like Toluna.com. Registration to these websites are typically free; you just need to fill in some personal information and you should be good to go. There are many topics involved in survey taking, most are on financial products, appliances that you already use, and products that you are familiar with. There are surveys that would not take you longer than 20 minutes to complete, while there are some that may take as few as 5 minutes. You will be normally paid in points which you can use to exchange for store vouchers and credits. eBay Selling Look around you. Do you have stuff that you don’t use anymore or don’t want to keep? Stop hoarding and get rid of unwanted stuff and make money out of it! How? Go to eBay.com and look at the things being sold there, and you’d be amazed. There are people who buy the weirdest stuff, even, so it is not impossible for you to sell your items. All you need to do is to sign up for an account, take photos of the items that you intend to sell, and upload them to your profile along with some description. Be as detailed as possible so that your potential buyer will be enticed to buy the item. You can then sit back and just wait for the bids to pour right in. eBay selling one of the fastest ways to make money online, and it’s free to join, too! Sell Your Writing Talent If you know your way around words, you can make money online really quickly. There is an ever-present demand for online writers who can whip up compelling and unique articles. As you are starting out while building your profile online, your rates will be low. But I know many people who earn $20 per day when they were just starting out, so you can do this, too. There are thousands of bloggers, website owners and businesses that need a regular supply of content for their sites. If you are a fast thinker who can type fast, you might find this a lucrative career in the future. Transcription Jobs If you are among the number of people who have excellent listening skills, type really fast and have good English skills, then you can be a transcriptionist. The pay can be compared to writing, but there are clients who pay more especially if you are a regular contractor for them. You can look for clients through freelancing sites like Elance or oDesk. You can start doing this without any investment, however, you might need to invest in a good set of headphones that will allow you to hear all the words in the audio recordings you will have to transcribe. Transcription jobs are plentiful, and once you have a steady set of clients, you will find that transcribing can be one of the fastest free ways to make money online. Sell Your Photographs If photography is your passion and you find yourself short of funds, you can earn money online by selling some of your photos. You can use your computer to upload your photos to websites that store stock photos like istockphoto.com. These websites may require you to upload some samples of your work prior to being allowed access to their galleries, so it is best to prepare a nicely-put portfolio that you can use. Remember to check the website to see which kind of photos sell well and which are popular.There are so many option to make free money online fast, without the need to incur costs and invest a lot of money. The key is in looking for the right source of information.

With Hundreds of US Banks Still in Jeopardy, Credit Crunch May Last For Decades

Although the American economy and the global economy both appear to be stabilizing, the U.S. banking sector nevertheless continues to struggle. By late 2009, more than 100 banks had collapsed in the U.S. during the year. That compares to just three bank failures in 2007 and 25 bank collapses in 2008. The Federal Deposit Insurance Corp. maintains a “watch list” of problem banks, those with troubled finances. In August 2009, that watch list contained 416 banks, so experts predict that half or more of those banks could also fail in the coming years.Why Banks Face Long Road to RecoveryEven if the economy were to miraculously bounce back to complete health overnight, it would not safeguard many financial institutions. “Banking industry performance is, as always, a lagging indicator,” FDIC Chairwoman Sheila Bair said in 2009, reminding the public that problems always take longer to work their way through the banking system.Speaking of the FDIC, it is important to note its role in keeping banks healthy – and how that ultimately plays a key role in banks’ ability and willingness to extend credit or loans to you. In 1933, under the Glass-Steagall Act, President Franklin D. Roosevelt created the FDIC to provide deposit insurance to banks. The goal of this deposit insurance was to assure the public that money put into any FDIC member bank was safe, secure and “backed by the full faith and credit of the United States government.” So since Jan. 1, 1934, the FDIC has insured bank deposits in America. Back then FDIC insurance coverage guaranteed your deposits to the tune of $2,500 (a lot of money during the Great Depression). Before that time, if you had money in a bank, and that bank failed, your hard-earned savings was often completely wiped out.The FDIC, Banks, and Your Ability to Get a LoanFast forward 65-plus years later. If you currently have money sitting in a deposit account at a bank, and that bank is FDIC insured, then your money is protected up to $250,000. In 2008, during the height of the biggest financial crisis most of us have ever experienced, the FDIC raised the limits on insured accounts to $250,000 from $100,000. This $250,000 limit – per depositor, per account – will be in place until Jan. 1, 2014, at which time it is scheduled to go back to $100,000. The FDIC insures so-called deposit accounts, which include the following:o Checking Accounts
o Savings Accounts
o Negotiable Order of Withdrawal Accounts (also called NOW accounts, which are savings accounts that allow you to write checks on them)
o Time Deposit Accounts, (including Certificates of Deposit or CDs)
o Negotiable Instruments (such as interest checks, outstanding cashier’s checks, or other items drawn on the accounts of the bank)The good news for most people is that even if your bank goes out of business, if you’ve put your money in a FDIC-insured institution, you can rest assured that your money – up to the limits described – is perfectly safe. In fact, since the FDIC’s inception, not a single dime of insured deposits has ever been lost.Banks Lend (or Not) Based on Their Ability To Meet FDIC RulesIn order for a bank to declare that it is FDIC insured, it must meet certain financial requirements imposed by the FDIC. Specifically, banks must maintain healthy, federally-mandated “capital ratios.” This refers to the amount of capital (or dollars) a bank must have set aside in reserves in order to guard against future, potential losses. One key capital ratio for banks is called a “risk-based capital ratio.” It measures the capital a bank has (such as its common stock, preferred stock, and undistributed net income/profits) versus the amount of “risk-weighted” assets that bank has. These risk-weighted assets can be anything from corporate bonds and consumer loans (including mortgages, auto loans and leases, student loans, credit cards and personal lines of credit) to government notes and cash. The former – corporate bonds and consumer loans – all carry a risk rating of 100%, meaning they are highly risky since there’s no guarantee at all that they will be repaid. Meanwhile, government notes and cash are deemed risk-free.If the notion of a loan being both an “asset” and something that is “risky” seems a little tricky, let me explain it briefly. A loan/credit line is called a “risk-weighted” asset because on the one hand, it is an asset, inasmuch as it represents a promise by a borrower to repay that loan/credit line (most often with interest). At the same, a loan is also considered a “risk-weighted” asset (emphasis on the word “risk”) because there’s always a chance, no matter how small or large, that the borrower will not repay a bank as agreed.OK, now stay with me here. To get the highest stamp of approval from the FDIC, a bank’s capital must total 10% or more of its risk-weighted assets. Put another way, for every $10 that it loans, a bank must maintain $1 in capital reserves. For example, if a Bank A has $1 billion in capital, and that bank has made $10 billion in loans (or extended $10 billion in credit to its customers), then Bank A’s capital ratio is 1 to 10, or 10%. But if Bank B also has $1 billion in capital, and has made $20 billion in loans (or extended $20 billion in credit to its clients), then Bank B’s capital ratio is 1 to 20, or 5%. These are critical measures because the FDIC insists that member banks have a more than ample amount of capital on hand to deal with any financial scenario. Thus, the FDIC categorizes banks into five groups:FDIC Classification of a Bank based on their Capital RatioWell Capitalized – 10% or higher
Adequately Capitalized – 8% or higher
Undercapitalized – Less than 8%
Significantly Undercapitalized – Less than 6%
Critically Undercapitalized – Less than 2%As you can see, the more credit a bank extends, the more capital it must be able to show the FDIC as proof of its financial strength – especially in the event of potential losses or other unforeseen circumstances. Without a healthy amount of capital, a bank runs into trouble with federal regulators. Once the FDIC labels a bank as “Undercapitalized,” it issues a warning to that institution, telling it to shore up its reserves. If the bank fails to perform, and its capital ratio falls below 6%, into “Significantly Undercapitalized” territory, the FDIC has the right to step in, change the company’s management, and insist that the bank take appropriate steps to remedy its capital shortfall. If a bank’s finances become so dire that its capital ratio drops to less than 2%, and it is deemed “Critically Undercapitalized,” that’s the point at which the FDIC declares the bank insolvent and can take over management of the institution. These illiquid banks are either run by the FDIC, as is currently the case with IndyMac, which failed in 2008, or the insolvent institutions get sold off by the FDIC to another bank.The Long-Term Implications of the Financial MeltdownSo what does all this mean for you? If you went through the ringer during the downturn, say you lost a good-paying job or maybe you even lost your home to foreclosure, you may have thought that those setbacks represented the single-biggest impact on you resulting from the financial crisis. If you believe that, however, you are sadly mistaken. Don’t get me wrong: Unemployment and foreclosure are major challenges, and they can have a host of far-reaching implications. But in the scheme of things, those are one-time obstacles. In truth, the single-biggest impact on you stemming from the financial crisis is that the credit environment has dramatically changed – mainly because the entire banking landscape has been forever altered. This new economic, banking and credit environment have the power to impact you, your family and your financial dealings for decades to come, likely for the rest of your life. You might miss that old job, or your previous home, but their loss will not impact your credit, or your ability to get a much-needed loan in a decade from now, let alone two or three decades into the future. The new credit environment, however, will continue to have reverberations for decades.Considering the enormous upheaval the financial community has undergone, can you see why banks, credit card companies and others have become a lot pickier about to whom they lend money? They had to. It’s a matter of survival. Otherwise, making too many bad loans can mean the death of a financial institution – even a century old bank that was once seemingly rock solid. Look no further than the spectacular collapse of Washington Mutual in September 2008. WaMu was founded in 1889. For many decades, it was considered a great and mighty financial powerhouse. But with $307 billion in assets, and $188.3 billion in deposits at some 2,239 branches, WaMu went under in what is to date the single largest bank failure in U.S. history. In fact, as of October 2009, if you examined the biggest American bank failures ever, where insolvent banks had $1 billion or more in assets, you’ll find that 72% of those bank collapses (more than 7 out of 10!) occurred in 2008 or 2009. These bank failures have cost the FDIC billions of dollars and, some say, threatened the stability of the FDIC, the very institution that is supposed to back up banks.Is the FDIC on Shaky Financial Ground? As of June 2009, the FDIC had about $42 billion in total resources; this includes money in its Deposit Insurance Fund, plus amounts set aside in the agency’s “contingent loss reserves,” funds earmarked for current and future losses. While the FDIC takes pains to tell the public that the agency is in no imminent financial danger and that it will not need to be bailed out by U.S. taxpayers, the agency did publicly propose on Sept. 29, 2009 that all insured banks pre-pay (on Dec. 30, 2009) their estimated quarterly risk-based assessments for the fourth quarter of 2009, and for all of 2010, 2011, and 2012. These quarterly premiums are the fees that banks pay in order to receive FDIC deposit insurance. The FDIC asked for these $45 billion worth of early payments from its member institutions because the FDIC said it had under-estimated the cost of taking over failed banks, and needs to immediately replenish its available funds. However, some observers saw the FDIC request as a “gimmick” move to help the banking industry because the $45 billion would be treated as an asset on banks’ balance sheets (a prepaid expense, to be exact), and would not diminish banks’ capital or hamper their ability to lend money.Credit Delinquencies on the RiseRegardless of the real reason for the FDIC move, it is clear that federal regulators and banks alike have been painfully reminded that although loaning money can be very profitable, it can also be very risky. Just look at these statistics regarding 2009 mortgage delinquencies, as well as credit cards delinquencies and charge-offs. Home loan delinquencies surged to 8.84% in the second quarter of 2009. That meant roughly 1 in every 11 homeowners was late on their mortgage. Credit card delinquencies, which include payments that are more than 30 days late, rose to 6.7% during that period. And credit card charge-offs, which are debts that banks call “uncollectable,” hit 9.55% at the end of the second quarter of 2009. These delinquency and charge-off rates were at their highest level since the Federal Reserve began tracking that data, according to CreditCards.com.Anytime you or I don’t pay back a loan we borrowed from a bank or credit that we utilized from a lender, what once was listed as a “risk-weighted asset” on that bank’s books now is labeled as something else – something ugly and potentially fatal to banks. You’ll hear these items described in different ways, such as “bad debts,” “soured loans,” and “illiquid,” “toxic” or “non-performing” assets. No matter what they’re called, they all represent the same thing: loans made or credit extended by a bank that never got repaid.This is the heart of why banks have been slashing credit lines, rejecting loan applications, and closing credit accounts. Not only do banks fear not getting repaid, but they also must constantly keep their finances in top-notch shape to comply with FDIC requirements and standards. You might have considered yourself a good bank customer. Perhaps you had a credit card with a $10,000 limit, or even a $100,000 home equity line of credit that you rarely, if ever, tapped. In your mind, you thought that paying on time each month, or using only a modest amount of your credit would put you in the bank’s good graces. Well, I hate to be the bearer of bad news.But you’ve got it all wrong. From the bank’s perspective, whatever charges you rack up on that credit card simply amount to a “risk-weighted asset,” an unsecured loan that may or may not get ever repaid. And that untapped home equity line? That could be considered worse. Not only is the bank not making any money off you – after all, you’re not paying any interest on a credit line with a $0 balance – but you’re also costing them money. Remember: to keep supplying you with that $100,000 equity line, the bank has to keep 10% of that amount – $10,000 – as capital to make the FDIC happy. Little wonder then, that banks in 2008 and 2009 stepped up their efforts to close dormant home equity lines and other lines of credit.From the bank’s perspective, every open credit line, every outstanding mortgage loan, and every credit card debt owed represent a serious risk that must be managed and minimized by all means necessary. JP Morgan Chase CEO Jamie Dimon may have summed up the feelings of the financial community, when he was quoted by the Financial Times in February 2009 as saying: “The worst of the economic situation is not yet behind us. It looks as if it will continue to deteriorate for most of 2009. In terms of our sector, we expect consumer loans and credit cards to continue to get worse. When we look back at industry excesses in areas such as highly leveraged lending and securitization, it is clear that some of these markets will never come back.”Note Dimon’s use of the word: “never.” Clearly, he sees the financial arena as having been permanently changed. Now that you understand the environment in which bankers are operating, it’s imperative that you do everything possible to optimize your credit rating in this new and challenging environment.This article excerpted from Perfect Credit: 7 Steps to a Great Credit Rating, by Lynnette Khalfani-Cox. All rights reserved.

Advantages of Using a Stock Management Software

You make investment into a business to have rewarding return. So profitability is the prime objective that you eye on. In order to experience a surge in the profit level, you must ensure the efficient management of your business. Stock management, being an important aspect of any business needs to be properly handled to guarantee smooth sailing of your organization.Stock management is all about taking care of the stock mix of an organization as well as demands on the stock. Both external and internal factors have a strong impact on the aggregate demand. Supply of the goods is a necessity to counterbalance the emergence of demand. So creation of purchase order requests is a necessity and should be done following the specified level.Manual handling of stock management is a conventional concept but it is being slowly replaced by the use of the inventory software. Managing the stock is not an easy task to accomplish within blink of an eye. It requires time, delicate handling and of course precise professionalism. Involvement of a third party to do the daunting task to a T comes at a price and that is why the majority of the small business houses like to do it all by themselves. Dealing with the stock management within the business edifice saves cost but not time. Moreover, efficient management can not be experienced. But for the large business houses, managing the stocks is nothing but an intimidating task and frustrating experience. With huge bulk of products to deliver almost on regular basis, help from a third party is essential for the sake of impeccable stock management.Inventory software has made it easy for the business houses to control their stocks with an effortless and efficient ease. The downside is you will face problem when it comes to selecting the right software. Different software are available in the market to meet the diverse needs of the business owners. So, it is hard to take the right pick that suits your needs. Assessment of your specific needs is a must-do requirement prior to searching for software. An excellent software can certainly lessen your hassle and handle the affair of stock management in a more accurate fashion. If you are unfortunate enough not to find out a right inventory software, you may engage the fulfillment houses to take all the trouble on your behalf.Managing of stocks involves a series of sequential steps including keeping records of the stored goods, maintaining the record of exact sales figure, noting the product description etc. Using software for stock management will save you both time and labor. Moreover, the chance of error will get minimized to pave a way for you to maximize your profit margin. This software will also bring down the cost of warehousing to a significant extent and thereby adding to your profit. This comes as a bonus for you that can be reinvested in your business. Instant feedback after the sale of goods is another advantageous feature of the stock management software. The latest software comes with additional features that may provide you with extra benefits your business is in direly need of.