bookmark_borderChoosing Bank Account

There are four main types of accounts. The current account, is typical for day to day banking, and can be used to withdraw, deposit, write cheques, and use your debit card.

The basic bank account is similar to the current account in that it is also a day to day account. Most of the time, however, this account cannot be overdrawn for more than ten pounds if at all.

Savings accounts are great for doing just what they are named for…saving. Whether you are saving for a rainy day, or your next big purchase, these accounts normally draw a greater interest rate, giving you the best bang for your buck.

Sharia-compliant accounts are accounts that are similar to current accounts, but are structured and comply with Islamic laws.

Don’t be afraid to ask questions. After all, it is your money, and it is the bank attendant’s job to serve you. The more informed you are, the better off you will be in the long run. Some questions to get you started are: How many branches are in the area?; What are the hours of operation?; What services are available online and when?; What are the fees associated with different services?; What services are available to you as a student?; Does the institution offer overdraft protection? There are other questions that you may want to ask them depending on some of the answers that you will get in response to these, but this should get you started. Once you know what the individual bank has to offer, you can make an informed decision. See, now you are becoming money wise!

Once you’ve decided which type of account you want to open, you normally will be asked to fill out an application form, provide proof of identity, and most likely pay some money into your account.

The bank will notify you if it plans to run a check on you with a credit reference agency get your credit score, and see how suitable you are to have a bank account.

Student accounts are by far the best value for your money! Banks will do everything but hang on the monkey bars to get your business. Why? Well, of course, as with any other service related business, they know that people are creatures of habit. Establishing a relationship with students gives them a greater chance of reaping the benefits of your continued patronage long after your educational goals are met. A good bit of banks offer students some rather trendy freebies as well as 0% overdraft fees. Both of which will come in handy while you are studying.

There are some major big important rules of thumb that you NEED to follow. It is pretty simple once you know what to look for.

The two top competitors in the running for my pick for the best student accounts this year are Natwest/RBS and The Co-Operative Student account!

The co-operative Bank Student account has a whopping £1400 first year overdraft with 0% interest for the first year compared to Natwest/Rbs’s £1000.

Even though the Co-operative Student account offers a larger overdraft limit, Natwest is more appealing to me because of the iPhone, iPad, and blackberry mobile apps, as well as the discount card they offer. You can get some great discounts on some major brands such as New Look, and 3 mobile to name a few.

bookmark_borderChanging Financial Habits

The first step is to pay tithing and then yourself. Once those two are completed then make a payment on your debts.

Giving to charity is important for many reasons. For instance, many wealthy people feel that giving generously to charity was returned to them tenfold; however, don’t give to charity expecting a massive return. Certainly, don’t take out a loan.

Notably, Chris and Orrin the authors of Financial Fitness teach; “The spirit of giving is the spirit of abundance, and living in the attitude of abundance will bless you in many ways.”

They also warn that giving to charity is not a guarantee that you will receive more. It may happen, but don’t depend on it. Instead, you should give because it is the right thing to do.

Living by a budget is necessary for everyone including the wealthy. However, some need to be more militant about it than others. If you are living paycheck to paycheck you should consider a cash envelope system.

Here are a couple of ideas for budgeting your finances. First, start a cash envelope system, where every payday you distribute money into the various envelopes.

Chris and Orrin recommend paying tithing first and then yourself before you dump money into the envelopes. You can borrow cash from other envelopes if you feel the need, but you shouldn’t add more money until payday.

Another budgeting strategy is to carry a notebook around with you and record everything you buy. This habit will help you to start thinking differently about money. As a result, money will mean more to you. Most people have no idea how much they spend.

bookmark_borderUsing Banking Services

Many banks in today’s date also offer their customers with online banking. This form of banking has gained much popularity in the past few years as they make everyday transactions much more convenient. As technology progress, more and more advanced gadgets are being produced. Banks have merged their online banking service with these technological gadgets. Paying bills, transferring funds or making payments for your purchases was never this easy. You can carry out all these tasks by simply using your mobile phone. Online banking can save precious time for people as one would not have to go all the way down to an ATM to make payments for bills or transfer funds. However, several security threats come with online banking as your bank account can be manipulated if a hacker is able to break into your account. To prevent this sort of events from happenings, banks have several measures in places. Aside from the regular pin that you would be required to log in, some banks make use of another gadget that would generate a code for you to key in when you are logging in to your account. As long as the device is in your hands, you can be assured that only you can log in. However, you need to be careful as to where you place this device.

If you are the sort of person who likes to go cashless, you can apply for various ATM, Debit or Credit cards that banks offer. You can use these cards to make payments for your purchases at the grocery store, a retail outlet or even the internet. To prevent any unauthorized access to your card, banks require the owner of a card to either key in a pin or provide legit signature when making purchases. Banks are continuously on their toes to ensure that the financial safety of their customers is not at risk. Banks also offer their customers loans for various purposes. One can get a loan for almost anything in a bank. They also have lower interest rates on their loans as compared to other financial institutions.

If you are opening a new bank account, you may want to consider what type of account it is that you want. The three most common and popular accounts in most banks are the checking account, savings account and the money market account. Checking accounts serve the purpose of performing daily transactions that customers may need. Saving accounts are the accounts that are used by most people. These accounts are very beneficial for customers who wish to save. Money in these accounts would earn interest, which in other words means that the bank pays you to save money with them. Money market accounts are similar to saving accounts, the only difference being that they require the customer to deposit a higher amount, in return gaining higher interest rate as compared to the savings account.

bookmark_borderElectronic Payment System

It is plain to see that electronic payment systems have more advantages than traditional banking services. Let’s see:

  • Saves on time

Money transfer from one virtual account to another may only take a few minutes, whereas a wire or postal transfer may take a number of days. Besides, you have to spend some time to go to the bank or post office and wait in line.

  • Controls expenses

Even if a person is willing to control his disbursements, it can take a lot of patience to jot down all the expenses, and this takes up a huge part of the total amount. On the other hand, the virtual account comprises the history of all the transactions, including the store name and amount spent. Best of all, you can check it whenever and wherever you like. In this case, an electronic payment system works to your advantage.

  • Reduced loss and theft risks

You will not make the mistake of losing or leaving your virtual wallet behind, and it can never be taken by robbers.

  • User- friendly

All services aim to reach out to a greater number of audiences and so, their interface should be easy for users to understand. Moreover, users can always ask help from the support team since they work 24/7. You can receive an answer by means of the forums as well.

  • Convenient to use

As long as you have access to the Internet, you can carry out transfers anytime, anywhere.

After discussing the advantages that come with using an electronic payment system, it is essential to talk about its disadvantages as well:

  • Restrictions

In every payment system, there is a limit with regard to the number of transactions you can do per day and the maximum amount you can withdraw.

  • Risk of Getting Hacked

Risks can be reduced when you follow the security regulations. This is comparable to the risk of being robbed. The situation can get worse when the processing company’s system breaks down, since this may lead to the leaking of confidential information on the online cards, as well as its owners. Though some electronic payment systems do not launch plastic cards, they can however be involved in Identity theft scandals.

  • The problem of money transfer from one payment system to another

Most of the time, electronic payment systems do not cooperate with one another. If that is the case, you can use e-currency exchange services. However, it can consume a lot of time when you do not have a service you can trust for this purpose.

  • Lack of Anonymity

Since the database of the payment system stores all your transactions – like the name of recipient, amount and time – the intelligence agency can access all your information. Decide on whether that is good or bad.

bookmark_borderIncrease Your Income

Your primary income source is your lifeline. This is why we want to increase it. All too often people start new business ventures and let their primary income flow dry out. Remember your primary source pays the bills, keeps food on the table, and it will fund future investments ventures.

The movement to become your own boss is enticing. The road is paved with broke bosses and would be entrepreneurs. Starting a side hustle is the correct thing to do. But not before you secure and increase your first flow. Your first flow funds your entire lifestyle. Don’t forget that.

How can you increase your income now with your first flow? How can you bring more money in with what you are already doing? Look at your income source. How can you earn more money with that? What other duties can you perform to get more money coming in?

You can increase your pay. Have you looked at ways to earn more money in your current position? Here are some examples:

Food service workers, waiters, and waitresses can improve their communication skills to get higher tips.

Uber, Lyft, Taxi, and Delivery Drivers can improve their service for more tips. They can put up signs that remind people to tip. Also, rideshare drivers can drive more to earn bonuses. Plus they can participate in the referral program and earn more money recruiting more riders and drivers.

Sales and Commission people can earn more money by doing the financing also. Or if the customer doesn’t buy from them could you refer the customer to a competitor and earn a referral fee.

Blue Collar/Union Worker can increase their skill set to learn other jobs and use their seniority to get extra work. Is their overtime available for you to take to increase that current flow?

Now there are some instances where you can not increase your income. Although this is rare or you just suck at finding out the current opportunities. This is where you invest in yourself. Instead of hopping on the next get rich trend. Invest in learning a skill like sales and marketing. Learn how to turn your current skill set into dollars.

Here is what increasing your income flow looks like:

Let’s say you are an Uber driver. Driving is your main source. Now one way to increase your income is to drive longer hours. You can drive for 12 hours per day with Uber. Next, you can increase your tips by having a clean car, communicating well, and having signage that reminds people to tip. Then you can recruit other people and get a referral fee.

With Bonuses and tips alone a rideshare driver could earn up to $400 extra per week. This is how you increase your current income flow. The key is to find opportunities with your current job or business. It saves you time and a learning curve. You are already an expert in what you are doing. Just get paid more to do it.

Once you master your first flow don’t become satisfied. Don’t compare yourself with other people because you are doing better. The goal is wealth creation. One income stream will never make you wealthy. On the other hand, it is your key and now you can create other streams because your current stream is strong.

You never let your wealth depend on one income. Now that this is fortified and growing it is time to find a second source. The second source is another flow. It is not replacing your first stream. It is adding to your income. Branching out takes courage and skills. If you have increased your income from your first flow you have developed some skills.

I always suggest creating a second stream that is symbiotic with what you are doing. Like the Uber/Lyft drivers who are earning commission on referrals. Since they are recruiting they can get commissions for referring people to other products and services. Now they are marketers.

Sales professionals can consult, write books, or get paid to speak. These are ways that they can build multiple streams with their current skillsets. Again, once your first flow is secure and funding everything it’s time build a symbiotic second flow.

bookmark_borderSmooth And Cheap Online Money Transfers

  • Take time to find the best exchange rates. Banks are not always the best when it comes to offering good exchange rates and you therefore want to do your homework before you go ahead with the transfer. By taking time to make comparisons between the different foreign exchange providers, you will be able to settle for the best rates that will give you maximum gains especially on currency conversions.
  • Always do an online search on the country you are sending the money to see if it is an international transfer you wish to make. Such a search will fetch you promotions and special deals from the relevant money transfer companies. You might be very lucky to find a company with an offer of zero fees on transfers for a given period of time.
  • Prioritize security and safety before making any transfer. The only way you will manage to enjoy a pleasant, safe money transfer experience online is when you work with a company whose services are regulated. Always settle for a company that is licensed and insured for foreign exchanges so that you do not end up worrying about anything going wrong during the transactions. Do a research, especially on newer service providers before using them for your transfers and check what security and safety measures they have in place for users.
  • Consider the transaction processing time and costs. When you decide to send money online, you want to choose a transfer platform that takes a very short time to process the transfer and whose costs are reasonable. Today there are online money transfer services that take a few seconds to process the transactions and this eliminates the chance for errors with the transaction and offers peace of mind. The recipients should also receive instant notifications, once the money has been received.
  • Remember that exchange rates do fluctuate. The foreign exchange market stays awake and the rates can soar or plummet in a matter of seconds. Find out what your online money transfer service provider uses and keep an eye on the trends so you can choose the most ideal time to send the money. Not very many people pay attention to the fluctuating rates, because the sanding could be a matter of urgency, but if you have time, pay attention to the fluctuation so you can select the best sending time.

bookmark_borderDifference The Between Rich And Poor

There are several factors in why the rich are getting richer, thought the biggest reason is their view of money. Most of the lower and middle class look as money as a way to live. The wealthy see it as a way to advance. Money is to be used as a tool, not a chain.

The viewpoint on money is deeply molded by those around you, especially family. Those not in the upper class were raised to work hard and save their money. Those from wealthy families are raised to work hard and invest their money. Most people stick with the lessons learned from their parents and use those principles for the rest of their life, thinking that that’s just how you are supposed to do things. If you were taught to invest by your parents that may be a good thing, though those from lower or middle class families might never climb to the next economic class due to this advice.

Many think that saving money is their best bet because you are guaranteed not to ever lose the money you put in, and see investing as a roulette wheel. Little do they know that they are wrong on both counts.

When keeping money in savings, you have 1 force working against you: inflation. On average, the national inflation rate is 2-3%. This means a $100 today will only be worth around $97-$98 next year. This inflation loss is offset by the interest rate you earn on your savings account. Nowadays, savings accounts are earning as little as.01%, as you can see at when looking at their “Popular National Banks”. With an interest rate that low, the inflation rate is higher than the interest so you would be losing money.

Interest rates weren’t always that low. Back in 2004, there were some savings products that had a 3% rate as shown on the website, though around 2007-2008 the rates began to drop. Those who were invested in the S&P 500 index, for example, suffered a drastic hit in 2008 as well, though this index fully recovered and even exceeded it’s pre-recession value in 2012 according to the S&P 500 Returns Calculator at From 2004 to 2013, investors in the S&P 500 index enjoyed an annual return of 4.88%, while savings accounts earned an average of 1.5%. Using the numbers shown on, the average inflation rate during the same time period was 2.38%, meaning that those who kept money in savings lost an average of.88% of their money.

Those who believe investing is a gamble simply do not know the basics of investing. Investigative steps should always be taken when making any type of investments so that you can make an educated decision on whether that investment will grow. This is opposite in gambling, where there is no amount of research you can do to improve your odds at roulette and walking out of the casino a winner. If you do not research or understand your investment, then it can be more like gambling. That, however, is easily avoid by doing your research before investing.

This fundamental change in view is the biggest difference between the wealthy and the not so wealthy. If the middle class invested more of their money rather than saving it, they would have a much bigger nest egg down the line which would put them in the upper class, though the risk of losing everything keeps many out of the market. Many are never taught to invest, so when they discover it later on the concept is intimidating so they avoid it. Those who are wealthy were taught to invest and use it as a tool to gain more wealth, so they continue to get richer. Investing is the tool wealthy individuals utilize that others are too afraid to use.

bookmark_borderMake Money With Online Bank Accounts

There is very good money to be make with this program, provided you know how to master the AdSense program. If you wish, you can do a search online for Google AdSense information. To master it properly, you need to know about ad positioning, colours etc. So its advised that you study up on this so you can maximise the most out of your Google AdSense bank account.

Another form of income online that most online business people use is affiliate marketing. With affiliate marketing, you simply promote and recommend products and services to the market that these products and services based in. That is affiliate marketing in a nut shell. In order for you, the affiliate marketer to receive payment, there has to be a payment service put in place. For many affiliate marketers, there is a common website that they go to in order to find products and services to promote. This website is known as clickbank. Clickbank offers affiliates over 10,000 digital products to promote and sell online. It is very easy to join up. You simply create an account with Clickbank and once that is done you can then access the many products and services that are offered by clickbank in many different categories.

When you sign up for clickbank, you can easily get an affiliate link for any product you wish to promote. You can place the link wherever you wish, whether it is on your website, blog etc. When a visitor views your page and decides to click on your affiliate link in order to buy what you are offering, clickbank can trace your link and is aware that you have made a commission. This is recorded into your clickbank account and you receive a commission for your promoting efforts. Its that simple really!

One final way to make money with an online bank account is perhaps via pay-pal. Lets say you are selling an ebook or some physical product and someone online wishes to buy your product. You can setup a pay-pal bank account so that you can take orders from customers that are interested in buying your product. This is a great way to do business online. Pay-pal is a very reputable company and it is used by many people that do business around the world! Unlike clickbank, where you have to wait a couple of weeks in order to receive payments. With pay-pal you can instantly receive the cash sum amount. So you never have problems with cashflow.

bookmark_borderPayment Gateways

Payment gateways platforms can also be used with conventional brick and mortar businesses because they act as an equivalent on a point of sale (POS) terminal. These gateway are designed in a scalable manner to protect credit/debit card details by encrypting sensitive card related information in such a manner that information is securely passed from the client to the merchant and to the payment processor and also vice versa.

To begin with, before accepting an online payment a business requires a merchant account which is basically a special kind of bank that handles any cash received via credit/debit cards. Businesses that are already swiping their client’s card already have merchant accounts. In case your organization would like to process credit/debit cards when the clients are not physically present then they will have to acquire an internet merchant account. There are several internet merchant accounts available online and these only require registration and information validation.

Discount rate. These tend to vary but mainly play in the region of between 2-6%. These are commissions paid to various players (credit card provider, payment gateway, merchant account provider) who are directly involved with various credit/debit card transactions. These costs largely depend with the company that you are dealing with.

Monthly fees. All gateways come with some form of monthly fees and this is largely dependent on the number of features and services provided by the gateway. For instance, there is the fraud detection feature that comes with extra charges. This particular feature is recommended when accepting payments from individuals and businesses that you do not have some long existing relationships with.

Per transaction fees. There is some flat rate charged per each and every transaction completed with a credit card

bookmark_borderMoney Making Opportunities

Before you can get it you must know what it is. If you say something like “the shy is the limit” then you have absolutely no clue what you want. Every successful person knew how much they wanted before they were able to acquire it. They didn’t know how but they knew what they wanted. The how will come. Find an income goal & write it down.

What is your reason for making this income? Are you looking for a way to supplement, surpass or replace your income? By knowing why you want this income can better help assist you in finding an opportunity that best suits your needs. Think about it, if you only want to add to your income then you may only need an opportunity that is low profile. If you are looking to replace or surpass your current income then a high profile opportunity may be better suited. Find out your why & right it down.

When are you planning to get started? Will it be tomorrow, next week or next month? If you are saying something like “sometime soon” then you have absolutely no idea & may never get started ever. I know that you may be thinking that you must first find an opportunity that you like first but it doesn’t always work that way. Once you set the date, the opportunity will come. Find a date & write it down.

It takes money to make money & the internet is no different. People looking for a free opportunity are really looking for a job. If you are looking for a job then check the help wanted section of your newspaper or websites like monster jobs. Let’s be realistic, what can you get for nothing?

Now if you already know that it takes money to make money then you are on your way to thinking like an entrepreneur. If you find an opportunity that costs more than you currently have in your savings account then it will be your job to find it. Most businessmen never use their own money when starting any venture. They usually use other people’s money (banks / credit etc) even if they have the cash.

How interested are you? On a scale of 1 to 10 where 1 means maybe you’re interested & 10 means that you are ready to get started in something like yesterday. If you are an 8 or higher then press on but f you rate a 7 or under then maybe you may need to think about this a little more. Find out your rating & write it down.

Here are some Money Making Ideas:

  • Online Stores (selling products).
  • Affiliate Programs.
  • Direct Sales (immediate & residual income).
  • Forex.
  • Stocks & Bonds.
  • E-book Business.

Welcome to Network Opportunities. This Business Model is geared towards the Entrepreneurial Minded Individual who seeks to Replace & Increase Their Income from home.