Blogging can be a source of income by building an audience and applying for paid advertisers or joining contextual ad programs. Professional blogging companies offer base fees or a percentage of ad revenue. Donations and free products are other options. Diversifying and writing for different blogs is necessary for a reliable income stream. While many […]
Becoming a money coach can be as simple as giving financial advice and charging for it, but most successful coaches participate in training and certification courses. Money coaches work with individuals to provide budgeting advice and hold clients accountable for purchases and savings. The financial coaching industry is unregulated, but there are certification and training […]
Money changers exchange currencies at fluctuating rates, either independently or employed. They profit from service fees or selling currency when its value increases. They are often approached by tourists and offer more favorable rates than bureaus, but this practice is often illegal. A money changer is a person who exchanges one currency for another. The […]
Money is necessary for survival and can save lives. In developing countries, lack of money leads to a lack of essential resources like clean water and healthcare. Donating to reputable charities can save lives in these countries, as the cost of HIV drugs is much lower. However, solving these problems requires more than just money. […]
A money clip is a functional men’s accessory that holds folded paper bills, eliminating the need for a wallet. It can be made of gold, silver, or jeweled and is commonly used in upscale society. Modern money clips can include a credit card holder, making them larger but still slimmer than most wallets. They are […]
Blood money refers to money paid to a killer for carrying out a contract to kill someone. It can also refer to money paid to survivors as reparation. Contract killing is illegal, and both the killer and employer can be held legally responsible. Blood money payments are illegal and can be laundered through various techniques. […]
Money mules are recruited online to receive and transfer stolen money for a percentage. Scammers offer fake job postings, often claiming to prevent tax burdens, and instruct the mule to transfer funds to an overseas or corporate account. Phishing schemes can also be used to steal passwords and login information. Money mules risk loss of […]
$10 billion is wasted annually in the US due to vampire power, which accounts for 10% of household energy usage. Unplugging unused electronics or using a central power strip can reduce the effects. It is estimated that $10 billion US dollars (USD) is wasted each year in the United States on vampire power or the […]
Money transmitters offer electronic transfers to different accounts worldwide for a fee. They use secure payment methods and are regulated by government authorities. Consider fees and location when choosing a money transmitter. A money transmitter is a service that offers money services and electronic transfers to various accounts located in different areas of the world. […]
Money laundering laws require reporting of suspicious transactions to prevent illegal cash transactions. The Bank Secrecy Act requires financial institutions to report cash transactions over $10,000 USD and maintain proper transaction records. Casinos, auto dealerships, securities brokers, and real estate companies also need to submit reports. Failure to comply can result in fines, imprisonment, and […]
Monetary judgments are awarded to plaintiffs after a civil trial if the defendant is found liable for damages. They are given for breach of contract, personal injury, and punitive damages. Collection of the awarded money can be difficult, but legal mechanisms exist to effect collection. Monetary judgments are monetary awards awarded after a civil trial […]
Money laundering scams involve fraudulent requests for individuals to act as intermediaries for transactions of money or assets. Victims should be aware of the criminal liability and severe penalties they may face. Red flags include being approached by strangers and being offered compensation. Scammers use tactics such as buying goods with stolen credit cards and […]
Money laundering laws criminalize the transfer of money or assets from illegal businesses in an attempt to hide transactions. Anti-money laundering efforts aim to prevent criminals from profiting from illegal behavior. Penalties include jail time, fines, or both. The legislation covers currency, stocks, bonds, and certificates of deposit, and in some regions, loans, credits, and […]
Key money is an upfront payment made to a landlord to secure a lease on a rental property. It is illegal in some regions but acceptable in others. It is more common in areas where housing is scarce and is considered extra compensation to the landowner. In some areas, security deposits are also called key […]
Commodity money, such as gold and silver, has additional uses beyond being currency, providing flexibility for holders and a deterrent to inflation. However, modern economists argue that its drawbacks outweigh its benefits. Fiat money, representative money, and commercial bank money are the other three main types of money. Commodity money has a built-in supply limitation, […]
Endogenous money theory states that funds will be available to meet credit demand, with reserves replenished as needed. Different branches include central bank endogeneity, fiscal endogeneity, money multiplier, and portfolio endogeneity. The theory relies on banks’ asset and liability practices, and the belief that money is a tool in a barter system. The theory of […]
“Pink money” refers to the purchasing power of the LGBTQ+ community, which can have political influence. The term comes from the pink triangle used to identify homosexuals in Nazi concentration camps. Gay-friendly businesses and politicians actively court this demographic, and wealthy gay couples are politically active and travel extensively. The term “pink money” is used […]
Opportunity cost of holding money is the interest rate that could be earned if the money was invested instead. It varies depending on the investment vehicle and amount of money held. Holding money allows for economic freedom and less risk, but may not be the best strategy for every business. It is an explicit cost […]
A meal plan helps with budgeting, grocery shopping, cooking, and serving meals. Start by making a list of meals, then consider your grocery budget, plan grocery shopping, and store food in order of meal preparation. Review the plan each night to save time and money. A meal plan is a regular, organized arrangement for budgeting, […]
The amount of money in circulation affects the aggregate price level, with excess liquidity leading to inflation. The relationship is used as an indicator of the state of the economy, with government policies used to restrict access to money and control inflation. The relationship between the money supply and the price level lies in the […]
