Monthly Archives: April 2012

Importance Of Diversifying Online Business

Posted on April 30, 2012 by
56
Importance of Diversification
Photo: JunCTionS

A little while back there was a major shakeup within the financial blogging community. The root of the problem was text link advertising which Google hypocritically does not allow.

I say hypocritically because Google happens to run the biggest text link advertising network online. The big difference though is that their text links do not pass PageRank or affect search engine rankings.

On the other hand, direct text link ads are often purchased with the intent purpose of helping search engine rankings. Despite pretty much every commercial website doing some form of search engine marketing, Google has decided that this particular practice crosses the line.

It was quite disappointing to see many blogging friends getting penalized for such a common practice. It just didn’t seem unfair. As someone who’s had more than my share of problems with Google, I could definitely relate.

In the blink of an eye, your online business can get turned on its head.

Now these bloggers are realizing something that I’ve learned many times over in my years of online business experience. They are learning the importance of diversification with an online business. Continue reading →

End of April Blog Update

Posted on April 27, 2012 by
45

I’ll start off with a personal update on the job front. I didn’t officially land a job yet, but there were some very positive developments. More than one company actually expressed interest in hiring me. That felt pretty satisfying even if I don’t end up working for either company.

After meeting with both companies in person, we’re going back and forth further discussing the opportunity and what I’d want out of it. Hopefully this leads to a job with one of them, but if not I’m confident that I will find something else.

This has got me thinking more of what going back to work would mean for this blog. I don’t intend to be one of the bloggers who just puts his blog completely on hold when getting a job. I plan to keep on blogging, but I’ll have to figure out a new marketing routine. Most likely I will have to cut back on commenting on other blogs. So if I don’t drop by your blog, please don’t take it personally. You’re welcome to reach out to me to discuss other ways we can help each other out. Continue reading →

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Budgeting & Decision Making – Maintaining A Healthy Financial Life

Posted on April 25, 2012 by
50
Budgeting Decision Making
Photo: 401K

Setting financial goals can help you achieve the dream of living a debt free and stress free life. If you would really want to stop living paycheck to paycheck, you will have to think and plan wisely. You will not simply be required to think more seriously about budgeting but also about newer strategies that may help you lead a debt free life. Debt free life perhaps is more of a relative term. How much of debt is actually considered to be bad and stressful debt? Depending on the affordability and the financial situation of a person, the amount is supposed to vary. It also depends on the credit rating of the person.

Taking The Right Decisions And Budgeting

So that you can take the right decision towards saving money and securing your financial future, it is important for you to be aware of all of the details of savings, investments, the financial stability of the place you are in and the terms of your affordability. In addition, it can also prove to be beneficial if you can discuss the financial strategies to be followed; with a financial expert. Continue reading →

Thank You For Irresponsible Credit Card Usage

Posted on April 23, 2012 by
80
Irresponsible Credit Card Usage
Photo: 401K

There are many personal finance blogs that tell you to cut up your credit cards or exercise greater willpower with credit cards. While that may be good advice depending on your situation, I want to personally thank the countless people who are irresponsible with their credit card usage.

Without the huge profits that these people are generating for credit card issuers, we would all be paying annual fees and higher interest rates. Cash back rebates or airline miles would be virtually nonexistent. So from the bottom of my heart wallet, thank you!

Charging What You Cannot Afford

Amazingly many people treat their credit cards as an extended bank account. No money in the bank for those new shoes or dinner out with friends? No problem! Just charge it to your credit card!

The problem is that you can get carried away with this thinking. Suddenly you are financing the lifestyle you dream of. Then once you are used to that lifestyle, you want to maintain it even if it means racking up your credit card.

Before you know it, you have a credit card balance that you cannot pay off. With the high interest rates of credit cards, this can be disastrous. Continue reading →

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Blog Update for 4/20 2012

Posted on April 20, 2012 by
52

First off, in case my mom is still checking up on me over here, I’d like to wish her a Happy Birthday.

Through my recent struggles, she has been providing a lot of support that I’ve really appreciated. Yes, at 31 I’m still a big momma’s boy. I’m not ashamed to admit it because I know how fortunate I am to have such a caring woman as a huge influence in my life. Thanks mom!

What’s New On The Blog

The poll for the top Canadian personal finance blogs continues to be popular. It’s now up to nearly 500 voters! It has turned into a 2 horse race for the number one spot, but it is still interesting to see the lead switch back and forth. Rest assured I will be featuring more than just the top 2 vote getters when I announce the winners. It’s looking like that might not be until Canada Day though. So there’s still plenty of time to convince your followers to come by and vote.

My blog’s Alexa ranking continues to drop and it’s now at 82k. I really didn’t expect to get this ranking so low so quickly. I had originally been hoping to reach 100k by July. It’s quite motivating to see how low I can get that ranking even if it doesn’t mean much. Continue reading →

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