Making Money Online: Opportunities, Benefits, and Challenges

An increasing number of people are appreciating the immense opportunities of earning money online. In fact, a significant number of people have had great success in earning money online and do not regret the decision they made. In this light, it is worth exploring such opportunities in order to make an informed decision. Most importantly, learning how to effectively penetrate this niche is a matter of paramount importance.How to Make Money OnlineIdentify Your NicheTo start with, it is important that you identify an online money making opportunity. In this regard, there are many opportunities that offer an online money making platform. To start with, blogging is one of the most reliable ways of earning an income. It should be noted that the content that you create is a great determinant to the success of your blog or lack of it thereof.Second, writing offers an ideal way of making money. There are many people who are running companies and they do not have time to write. Similarly, there are various companies which offer opportunities for writing articles.Lastly, Amazon Associates is a good platform to earn online money. This is how it works: each time a client buys an Amazon product through your site, you get a commission. You get paid through a check or a direct deposit to your bank account.Other opportunities where one can make money online includes the following:- Getting paid to test apps
- Working as a social media administrator
- Paid surveys
- Teaching English online
- Testing websites
- Tutoring
- Google AdSenseDraw an Estimate BudgetQuite a number of online money making opportunities require zero capital. However, you may still need some money. For example, even if you are working from home, it is important that you set up a home office.Have a Disciplined in ScheduleEarning money online is not a gateway to resting all the time. On the contrary, it requires that you exercise a lot of discipline in your schedule. It is not uncommon to find that personal chores overlap with office hours. If you have a family and children, let the children know that you need to concentrate during work. Similarly, do not allow friends to pop in to your house as they wish.ChallengesOne of the greatest challenges facing online opportunities is the possibility of being scammed. In order to avoid this, carry out a thorough research of the company in question and peruse through its reviews.Second, working online could translate to more working hours. The best response to this is to set aside time that you do not work- that is time for relaxation and recreation.

Top 5 Short-Term Finance Courses in India

In this digital age, millennial kids want fast access to a successful career. While there is no short cut to success, there are many short-term courses which accentuate your chance to zoom past your peers. Finance is a much sought after field of education, and short-term certifications in Finance are quite in vogue today. These courses provide the necessary skills in a relatively short span of time and can be conveniently pursued with existing job or studies.We have compiled a list of top 5 courses which are highly preferred by students and employers alike. This is an indicative list which has been formed by analysing Google Trends, availability of jobs on leading portals and overall popularity amongst aspirants.Few reasons why students are more inclined towards short-term courses are:Quick learning: These short-term courses enables faster knowledge building, sometimes in a span as low as 3 months. This criteria is gaining increased relevance in today’s time as students can quickly upgrade themselves for better opportunities.Rapid Changes: The world of finance is rapidly changing. The changes are of all kinds, macro, micro as well as country specific. For eg: Let’s take the case of GST and IFRS. With such a landmark change in tax regime and financial reporting standards, it becomes mandatory for professionals to quickly learn the new ways and implement them.Testing the waters: The fresh graduates or 10+2 pass outs mostly face the dilemma as to which field would suit them. These short-term courses help students to realise where their true potential lies in the most cost and time-effective way.1. Financial ModellingFinancial Modelling is the backbone of finance industry today. It works on a basic principle of working on historical data of a company/ industry, analysing its performance and building models to predict its future performance. The knowledge of Financial Modeling helps you to master advanced excel skills and sharpen your ability to judge the future course of events. These qualities are a must for a good analyst working in any field. While there are various courses in the market, the one offered by NSE Academy stands out. The module covers the basics as well as advanced levels. After the completion of the certificate you will be able to work as a financial modeller in functional areas such as:• Investment Banking• Credit Ratings• Project Finance• Merger & Acquisitions• Financial AnalysisCertification providers: NSE Academy, Edupristine, SimplilearnDuration: 3-6 months, Fees range: Rs 25,000 to Rs 30,0002. International Financial Reporting Standards (IFRS)In the wake of globalization, most countries are converging their standards towards IFRS or adopting IFRS as they are, to enable uniform reporting. India, as a step closer to convergence with IFRS, has adopted IND-AS. Various IFRS profiles are being offered in several sectors of the industry that include ITES, software, pharmaceutical, auto spare part, professional advisory companies, auditing firms, banking industry, Insurance industry, KPOs, etc. Skilled and experienced IFRS experts can establish their own consultancies to help companies migrate to IFRS.Candidates pursuing graduation, post-graduation in commerce, or qualified professionals like MBAs, CAs, CMAs, CSs, CFAs, CFPs or any other relevant course in the field of finance can opt for this certification in IFRS.Certification providers: NSE Academy, Dip and Cert IFRS: ACCA, Edupristine, KPMG, Ernst & YoungDuration: 3-6 months, Fees range (Training and exams): Rs 25,000 to Rs 40,0003. NCFMThe NCFM Modules offered by the NSE Academy has been one of the most recognized certifications in the capital markets industry. For some profiles in the capital markets, this certification is mandatory. At present the NSE Academy offers certifications in Capital Markets, Derivatives segment, Debt market, Banking and Risk Management. There are beginners, mid-level and advanced modules for Financial markets certification and the training curriculum is designed to impart balanced learning on conceptual as well as practical aspects.Certification providers: NSE AcademyDuration: 3 months/ Flexible, Fees range (Training and exams): Rs 2,000 to Rs 6,0004. Chartered Financial Planner (CFP)Indians always lacked in awareness about Personal Finance planning. However, the trend is changing and more of the young working class are warming up to the idea of savings and investment. There are growing number of firms and portals which offer financial planning advice and employ Chartered Financial Planners for the same. An increasing number of MNCs such as ICICI Bank, Standard Chartered Bank, American Express Bank and others have made it mandatory for their Relationship Managers to acquire the CFP certification in order to raise current service standardsAs per current industry estimates, the requirement for financial advisers will be around 50000 in the coming years. If you want a career in Financial Planning, Wealth Management or Retail with a globally recognized certification then CFP is the right course to pursue.There are several training providers. The duration and fee range is mentioned below.Duration: Within 1 year, Fees (Training, registration and examination): Rs 25,000 to Rs 40,0005. Chartered Wealth Manager (CWM)If managing wealth and assets is your forte then Chartered Wealth Manager is a course you should pursue. CWM is often confused with CFP, but both cater to two different arenas. Wealth management is a more comprehensive field than Financial Planning. CWM is organized by the American Academy of Financial Management (AAFM).CWM covers capital and the financial market, principles of financial service organizations, investment and portfolio management and other financial market knowledge. The key profiles wherein a CWM can be employed are portfolio and asset manager, wealth manager, broker, market analyst, financial controller, private banker.

The Complete Handbook for Buying and Financing a Truck

Trucks, trailers or any other commercial vehicles are important business assets required in the normal day-to-day running of your business operations. As a business owner, you are constantly faced with a number of critical decisions, whereby you have to decide – what is best for your business. So, if you are a business owner you should carefully consider a number of important factors when it is time to get a new truck, trailer or any other commercial vehicle, such as having:1. The right truck that will help to keep your business competitive2. The right truck for the work required and at the right price3. The right finance arrangement to buy a truckDifferent Types of Truck, Trailer or Commercial VehicleBusiness owners can buy any of the following vehicles:>> New Truck>> Refrigerated Lorry>> Trailer>> Tipper, or>> Transporter (light or heavy)Factors to consider before buying New Truck, Trailer or Commercial VehicleThere are a number of factors you should take time to consider when buying a vehicle, and you should ask yourself the following questions:>> Is the truck, trailer or commercial vehicle new or used?>> Is the truck, trailer or commercial vehicle coming from a dealer, auction, or private sale?>> Has the truck, trailer or commercial vehicle been previously written-off?>> How many hours has the truck recorded?>> Is there any money owing on the truck, trailer or commercial vehicle?>> Are you considering drawing down from your home loan (e.g. equity release) to give you the required cash to buy your truck, trailer or commercial vehicle?Finance ArrangementListed here is a brief summary of the types of finance arrangements available in the market place, and after you have read this article you should find choosing the right finance arrangement to be the simplest decision you will make:Finance Lease – This financing arrangement enables you (the customer) to have the use of your truck, trailer or any other commercial vehicle and the benefits of ownership, while the financier (lender) retains actual ownership. The finance lease arrangement will also enable you to free-up your capital for other business purposes.Commercial Hire Purchase – This financing arrangement is where you (the customer) hire the truck, trailer or any other commercial vehicle from the financier (lender). You have the certainty of a fixed interest rate over a set period (I.e. 2 to 5 years) and the flexibility of reduced monthly payments by including a final “balloon” payment at the end of the term.Asset Loan – This financing arrangement gives you (the customer) the security of knowing that your truck, trailer or any other commercial vehicle is an asset of your business and it offers you the certainty of a fixed interest rate, over the choice of loan terms (I.e. 1 to 5 years).Seek Expert AdviceI sincerely recommend that you should seek expert advice before choosing any of the truck finance arrangements because, the taxation and accounting treatments you choose may vary from option to option.If you want to remain in the driver’s seat and concentrate on running your business so that you can cover your costs, overheads and running expenses, then look no further and take advantage of professionally qualified and specialised finance brokers, because:>> They have a thorough knowledge of the finance and trucking industry>> They have access to many lenders/credit providers as they deal with them on a regular daily basis>> They can customise the best truck finance arrangement for you>> They can get you into a new truck quickly and easilySo, if you don’t want to spend hours of your valuable time trying to find the right truck finance arrangement, then let a specialised and professionally qualified finance broker do the running around for you.