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Why Saving Money Is A Must In Today’s Society! (Hurry, Get On The Bandwagon)

Saving Money

Everybody knows that it is imperative to Save Money. With the meltdown of the stock market and the real estate market, saving money has never been more important.  Each type of saver wears a different hat.  There are people saving substantial amounts of money.  There are some that can only save a little bit of money and there are some that can’t seem to save a penny no matter how much money they seem to make.

Only few individuals have a tendency to save money consistently with ease. The habit of saving must be developed in children so that they grow up to become wise spenders. A proper mindset can help individuals overcome this problem.

There are various techniques which can be applied to save large sums of money. Adopting these practices will help in attaining your saving goals. The easiest way to save money is to limit the amount of times with which individuals go out. It makes sense if one is trying to save money cutting back on extra expenses is a smart way to go.

Another easy habit to adapt is shopping during a sale.  Also shopping through online stores can provide products at discounted rates leading to extra cash for saving.  Online outlets are another place to consider for discounted prices.  Try to cut down expenses which are not necessities.

Some other tips are to have a single car in the family; this will reduce car payments and insurance.  Cutting down on electricity during the daytime and lowering the heat when no one is home will also have a significant impact on the bottom line.  Small steps go a long way in saving money.

Easy yet effective money saving strategies can be employed into a daily routine in order to save more money on a monthly basis. These money saving tips will help on the short term basis and they will also produce good long term results as well.

Strategy Based Profits Tip – Look at what you are spending money on, look at what can be cut and start socking the money away!

Robert J. Roy
Money Man

Kids Make Money Online; It’s The Wave Of The Future!

Kids Make Money OnlineGeneration next is coming up with unique and innovative ideas of making money online. These kids earn their allowances to make their life financially independent. This gives them freedom to earn as much they want. Their ideas are exceptionally good and some of which are listed below:

  • Online money making is a wonderful opportunity for young children. They can make money by playing games, proofreading, e-mail reading etc. These are the easiest way of generating extra money. Moreover, these are so much fun!
  • Selling their used toys, game and books at the online auction sites is another great way for kids to make money online.
  • Setting up a website and selling items that the child has made or promoting a band are some good uses of the internet for kids.
  • Creating and maintaining blogs online serves multiple purposes for kids.  It teaches them responsibility and as the blog gets more popular advertisers will pay to get on their website
  • Some children have the ability to write very well.  For them article writing offers a wonderful opportunity to express themselves and get paid for it.
  • Online advertisements such as craigslist will give kids another opportunity to sell their items online.

These were just few options for kids to make money online.  The internet can be a tricky place for kids and some children are not street smart enough to sniff out a scam.  It is the duty of the parents to lead their kids in the right direction so that they don’t fall into the wrong trap.

Today’s kids are very tech savvy so it is a natural choice for them to gravitate towards the internet when it comes to making money.  Parents should do everything in their power to support their decision and watch over them closely by offering help with the business end as well as keeping a watchful eye on them at all times.

Strategy Based Profits Tip – Today’s children have a huge advantage over their parents when it comes to computers.  It is important that when they want to spread their wings into their own business that parents support them.  Help them through the rough spots and watch that they don’t get hung up with scammers!

Robert J. Roy
Money Man

Making Quick Money Online Can Be Achieved By All Interested!

Making Quick Money Online, moneycoach, making money online, making quick money, financial coachEveryone is looking for quick, simple and easy ways to make money online these days. People are so fast and want to do things in a magical way.

Those who lost their jobs require quick money and the internet is a very good platform for fulfilling this requirement. Here are some possible ways to make money really fast money without any heavy investment.

  • Sell your stuff on internet- The best part about this is it does not require a huge investment. The only requirement is a good understanding of the online purchasing process. This is one simple and direct source of income.
  • Online surveys- You can be a member of a website which conducts surveys from time to time and get paid for each form filled. This is the easiest way to earn quick money. Although you will not get rich off of this many people only need a few dollars a month to go from negative to positive.
  • Affiliate marketing- This is the use of advertisements, articles etc to attract more traffic to a particular website. Companies pay commission to websites for promoting their product.
  • Article writing- There are thousands of websites that pay for each article written for them. This helps their websites for improving their ranking in search engine results. If someone has a skill for writing, this one may work very well for them.
  • Get a second job- Instead of relying totally upon the regular source of income get an extra job to earn a little bit more. Delivering pizzas, mowing the grass, working in Home Depot, etc.
  • Advertising campaigns- Joining the advertisement campaign of any company is an easy and quick way to earn. Due to immense competition companies are paying good amount to people for promoting their product.

There are tens of thousands of ways to make money but the most important thing to remember is to understand your real potential. Be aware of the fraudulent activities which are offering big bonuses in a short span of time. Basically Get-Rich-Quick-Schemes don’t work. Before starting any activity gather full information related to it. This will help to solve the problems which may arise in future. Hitting the right track will definitely demand accurate information and good research.

Strategy Based Profits TIP: – Make a list of the things you are good at and a list of things you like to do. If you have any overlap between them that’s a homerun.  If there’s no overlap it’s still a good solid double.  Research, research, research anything you take on!

Robert J. Roy
Money Man

Money Is A Powerful Motivator For Kids, Use That To Your Advantage?

With the passage of time, kids are moving towards an independent lifestyle. They want a life full of privacy and comfort. Money is a fundamental human need and children are no different. They want be self-sufficient and in order to be that they are looking for ways that can make them good monetary returns.

Besides making kids independent, engaging in a rewarding activity boosts their confidence and skills. Every parent should encourage their child to go out and earn for themselves. In this way, they would be able to realize the importance of money. Apart from letting them enjoy financial independence, a worthwhile job will teach them a sense of responsibility. It is however the duty of parents to keep a check by what means they are getting money for themselves.

If kids are involved in activities of money making, they will need to realize that the power of cash management is where true financial freedom lye’s. Parents should motivate their children to make them understand the value of a hard earned dollar. Once children realize that money doesn’t grow on trees they will start learning how to budget their own money. This might take a substantial time to happen but it will happen. Once they start earning, their attitude towards life and money will change and a sense of optimism develops in them. They will realize their caliber and this will help them to gain self confidence.

It is the duty of parents to guide their child in the right direction. If the financial status of the family is not good, then the kids will understand their responsibility towards the family and their siblings. Compelling them to earn money can help them to develop a sense of pressure on them. So it is better to help them move in the right direction where money matters are concerned. Don’t force their hands; allow them to be children as you help in moving them in the direction of becoming young adults. Parents must scrutinize their activities on timely basis and encourage them to do well while moving forward.

Strategy Based Profits TIP: – Help your children when it comes to all areas of money and finances.  Teach them how money works and help them start finding their first job.  Work with them to budget that money and most importantly ALWAYS remember they are children, let them be kids they grow up fast enough!

Robert J. Roy
Money Man

Kids Making Money Regardless Of Their Age!

The myth that kids cannot make money has been broken. Kids are also keen to earn a little extra spending cash for their personal needs. Nowadays parents are also motivating their kids to indulge themselves in these activities which are entertaining as well as a way to earn. Here are some of the ways that kids can use to earn some extra money:

  1. Painting- If your kid is creative, painting is a good way to earn. There are many painting competition organized by committees who offer prize money to the winner. Kids can have fun and earn. They can also transform their hobby to a profession.
  2. Selling baked goods- Kids who love to cook can learn making baked goods such as cookies, brownies and cakes etc. This will help them to have fun and make money.  The can offer their goods in parks, social clubs etc.
  3. Washing cars- Kids really enjoy washing cars. They can charge few bucks to wash car of other persons.
  4. Internet marketing- There are some children who spend most of their time on internet. They might as well make money from there also. They can perform affiliate marketing, selling online games, article writing and online survey form filling etc. Websites pay commission for all these tasks. This is an easy way for kids to earn some extra cash while sitting at home.
  5. Dog walking service / Dog washing- Many people especially the working class does not have enough time to take their pets on walk. Kids can provide this service to them by charging a small fee.  The same goes for washing pets as walking them.  Just do some local advertising in supermarkets or local papers to find your customers.

The most important thing before starting any business is to talk to your parents about your desire. Ask your parents for help and organizing small activities. Finding a business your child can run allows them to earn their own money. This allows them to buy things like toys, video games, candy etc.

Strategy Based Profits TIP: – By helping kids to start their own business they will start understanding the value and power of money.

Robert J. Roy
Money Man

Children And Savings (The Top 3 Strategies For Teaching Kids About Saving Money)

Historically parents have not done a good job on teaching their children about money or saving money.  Parents send their children to school and they feel that the school and the teachers in the school will teach the kids about money.  WRONG, that couldn’t be further from the truth.

I am asked over and over again when is a good time to get started?  How early should I start teaching my children about saving?  Many parents believe that they should wait until he child is a little older (teenagers) before they teach them about money and savings.

I teach parents to start teaching their children around the age of three or four.  Yes, you heard me right, start teaching them around three or four.  You are not going to beat them over the head about savings but you should start teaching them about money.

Here are three of the top strategies for teaching kids about saving money:

1) What Is Money And How Does It Work – Start teaching your children early.  Don’t wait on this, this is a critical step.  Teach your children what real money is worth, use coins and bills in the educational process.  Explain how much each coin is worth.  Show them one and five dollar bills, teach them how to read each bill.

2) Set Up A Savings Plan – Historically parents use various methods for savings.  Although some are better than others the important thing is that you are doing something.  There are three methods that you can use, here they are:

A) The Piggy Bank – When using a piggy bank allow your children to put the money in the bank themselves.  What you are doing is you are getting them used to putting their money in the bank.  Psychologically you are getting them used to savings because they are placing the money in the bank themselves.

B) A Savings Account – Placing the money in a savings account is a great way to save money for your children.  It is not a good way for your children to learn about saving money for themselves.  I am not against putting money into a savings account but what I am in favor of is to have your children go to the bank with you and let them hand their money to the teller.  This gets them used to making deposits at an early age.

C) A Jar System – Using clear plastic containers to save money in is a wonderful idea.  If your child is saving for a particular item that they want to buy, let’s say there is a new doll that they want, you would have a clear jar for them to put the money in.  The visualization of the money in the jar is a very powerful motivator to get them to want to save more.

3) Allowance – Take a few chores around the house or in your business and give it a dollar amount that it is worth.  You could also do this with tasks for your business, your kids could file, do data entry, etc.  This next part is an important psychological step, when you pay them, don’t call it allowance, instead call it commission.  Get them used to getting paid for what they do.

Teaching your children about money and savings is a very important process that parents should teach their children.  Start them off young and you will engrain your kids with this wonderful lesson.

Strategy Based Profits TIP: – Teach them young and remember it is a never ending process!

Robert J. Roy
Money Man

Cashing In On Summer Jobs For Teens & Tweens

Summer is upon us, the kids are out of school and looking to take it easy, at least for a little while.  Your tweens and teens are going to want to go and hang out with their friends; go to the movies and just do stuff this summer.  The kick of it is they are going to look to their parents for the cash to do so.  They will be looking to pull some cash off of the money tree in the back yard.  Oh wait there really is no money tree just Mom & Dad.

One way to help ease the financial burden (for parents) this summer is to have your children do some work to earn some extra money.  There is nothing wrong with teaching them the value of a dollar early on, actually the tween and early teen years is the perfect time to do so.

Here are a few of the top tween and teen jobs for this summer:

Cleaning up the yard – Yes it would be great to have them clean up your yard (and save dads back along the way) but don’t forget they can clean up your neighbor’s yard also.  Raking leaves, mowing the grass, watering the flowers and weeding the garden are just some of the things they can do.

Pet care – If your child has always wanted a dog or a cat or some other exotic animal like a ferret and you have resisted because you don’t believe they will be responsible enough with them than this could be a wonderful experience for them.  First they will get to see what it is like to take care of a pet with full responsibility and they will get to earn some money along the way.  They could offer pet sitting, dog walking and even give baths to the pets (get the first bath on video, it will be a blast).

House cleaning – Please don’t discount this one, everyone has to clean up at some time or another.   You might be surprised after one full summer of your kids cleaning up other people’s houses they might even keep their room clean.

Babysitting – This works best for the teens but the tweens are welcome to join in also.  When our daughter was eleven she babysat in our home so my wife was there to keep a watchful eye on her and the baby.  Kids are getting between $5 – $15 per hour for babysitting these days (not bad money).

Bake sale / lemonade stand – These types of events are usually less frequent than some of the others mentioned above.  They work well around block sales and sporting events.  One trick is to ask a store owner if your child could set up shop outside of their store for one or two days a week.

Try making up flyers and posting them at the local supermarket or library.  Also give them out to your neighbors and have them available at sporting events.  Let the kids help create them on the computer, it’s their business so let them treat it that way.

So there you have it a few good ideas for helping your kids not only to make extra money but you will be teaching them the value of a dollar.

Strategy Based Profits TIP: – Start teaching your children early about the responsibilities of money.  Have them pick out a niche and help them advertise it.  Most importantly keep them encouraged and motivated, be their hero!

Robert J. Roy
Money Man

Mom and Dad are not an ATM MACHINE!

You’ve see it happen before, little children going up to their parents in a store asking “Mommy can I buy this”.  I am sure your children have done the same thing, all kids do.  Children look to parents for their sole source of supply.  Who else should they turn to, a complete stranger?  Of course not, children know that they can go to mommy or daddy for anything.

At an early age it seems cute but as our children get older they need to learn that money doesn’t grow on trees.  Although they have always looked to you for their sole source of supply, the supply is not limitless.  There comes a point where (as parents) we have to draw a line in the sand.  A point where we have our children take on some (if not all) of their own financial responsibilities.

Here is one way to handle this situation.  The first step is to determine when you feel your child is mature enough to start handling money.  What I mean by that is if you were to give your nine year old child $50.00 on the first of the month would they be able to budget it and make it last the entire month?  At nine years old that is probably too much to expect, but at fourteen or fifteen they are more likely to be able to handle this.

Once you feel your child is old enough to handle the financial responsibility pick a dollar amount that you are willing to give your child for the month (or the week) to spend on their daily needs.  This could be for going to the movies, school lunch, transportation to school, etc.

What you are teaching them is how to handle their own finances.  In essence you are teaching them to create and stick to a budget.  BUT don’t believe for a second that they are not going to stumble along the way.  Instead of getting mad about it use it as a teaching time with your children.  You don’t have to be all business with them, have fun and enjoy the ride.

Strategy Based Profits TIP: – As your kids fall short of money at the end of the week or month explain to them that as adults we struggle with the same things day in and day out.  They are not alone here.

Robert J. Roy
Money Man

Savings Plans & Kids (When To Start)

To a child there is no better sound than a coin dropping in the slot of their piggy bank and hitting the coins below.  As you watch your child drop the coins in their favorite piggy bank just look into their eyes and you can’t help but see joy within them.  As children get older they tend to enjoy the look and feel of dollar bills over change.

No matter what age your child is, no matter if they receive bills or coins; they learn early that money brings a certain joy to them, even for a short time.  As your kids take money and drop it in their bank they are learning the basis of money and how to save it.  This is the start of their savings plan.  This is an important step in getting your children on the right track financially.

So when is a good time to get children started on a savings plan?  There is no perfect answer but for the average child the age of 3 is a great age.  Some will pick it up a little sooner and for some it will take a little longer, don’t rush it, and allow it to happen naturally.

There are many ways to start kids out on a savings plan here are a few ideas to get your creative financial juices flowing:

*Take your child to the store and allow them to pick out the piggy bank they like.  If they like the bank they will be more interested to put money in it.

*Teach your children the amount of each coin (1 cent, 5 cents, 10 cents, 25 cents).  Use real money not plastic or fake coins.  They will be using real money so teach them with real money.

*Try to use newer / shiny coins; children are more attracted to them over older more dull coins

*Make a game out of it.  Kids love games and playing so make it fun and exciting.  Have them count the number of coins they drop in their savings bank.

*As they are getting ready to drop a coin in the bank ask them how much money is that coin worth.

*Buy a few items from the store that cost 1, 5, 10 and 25 cents (I know there really are not a lot of them).  What they are is less important than the size of them.  Show your child how much each one costs.

As I said earlier there are many things you can do to teach your child about money and savings.  No matter what method or game you play with them take your time and make it fun for them.  Remember you are starting them off on a journey that will never end.  Make it fun, make it memorable and most important enjoy the time with your children.

Strategy Based Profits TIP: – When teaching your children about money keep it fun for the both of you!

Robert J. Roy
Money Man

Quick Cash Online For Kids (Adults Can Play Too)

I hear from parents all the time “My kids are always looking for money” or “How can I get my kids to make extra money “?  We all know that children are not cheap to raise.  It takes money and if you have a few kids, it may take lots of money.

It is important to teach children the value of money.  Helping them to understand that money doesn’t grow on trees is an important lesson for them to learn.  So how can parents do that?  How can I show my little Johnny or Mary the value of money?

One thing to do is to show them how they can make money themselves.  I am not talking about taking your 12 year old child and having them get a job at Home Depot.  What I am talking about is having them make money right from the comfort of your home.

The internet has grown exponentially in the last decade.  Who would have ever thought that it could possibly become such an important thing in our society?  With the internet having so much influence over our daily lives and online sales of everything from information to cars to houses to, (well you get the point) teaching your children to take advantage of this now will put them light years ahead of their peers.

One Quick and easy way to do this is to go to and sell books you or your child no longer want or need (you can even sell your old college textbooks).  Selling on Amazon is quick and easy.  Here are a few simple steps for selling your unwanted books

1-      Create an account (It’s free and easy to do)

2-      Create a sellers account (Also free and easy to set up)

3-      Get together the books you want to sell

4-      Research what the same used book is selling for on Amazon (enter book name on

5-      Go into your sellers account

6-      Enter the book name

7-      Enter the book condition (Be VERY accurate here)

8-      Enter your selling price and shipping method

You are done!  Have fun with this, this is not hard stuff and you can make some extra money along the way.

Robert J. Roy
Money Man

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