Deutsch | Español | Français | Italiano | Português | ??? | ??? | ??
Bookmark this blog on or Furl

July 29, 2009

Making Money

Some people receive unemployment or some kind of welfare. Other people own businesses or are employees. Some people got rich somehow and receive money from property they own, such as savings account interest, book royalties and so forth. In a country in which business is not subsidized.

We've tried some of these ways. A few years back, my hubby and I have sold a lot of reusable items from computer to furniture, online and offline for example. There are some of my friends that work at the Rogers Centre in Toronto and pick money with their vacum stuffed or trapped in their machines from the excited people that throw it in the air while watching a sport events. Then there are things we've seen people do to make money, like the man I met at a campfire who sold stuffed tacos on the side of the road to Wasaga beach and claimed to make $3,000 per month that Summer 2007.

There are unusual ways to make money*

Saving On Large Items - Want to save money on large items? Do sommething many people don't think of doing: advertise. As a young man I put an ad in the classified section of the newspaper that read, "Looking for a mobile home on land - can put $3,000 down." An older couple who were thinking of selling called me, and that's how I bought my first home at a good price. (I later sold it for more than twice what I paid, so this is a way to make money too.)

Make Money Finding Things is a page about treasure hunting - in unusual ways. Get the rest of the story on diamonds in parking lots, and treasure in vacuum cleaner dust.

Making Money Using What You Have is about using the skills, situations and things you already have to produce extra income. Do things, make things, rent things, sell things, and more.

Making Things To Make Money is for those who like working with their hands. I sold hundreds of walking sticks one summer, for example.

Money Making Hobbies : Find a way to make money with your current hobby, or find a hobby that you'll enjoy and make money with.

Playing With Money : Be a loan-shark? Beat the dealer at blackjack? All sorts of unusual ways to play with your money to make more.

Making Money With Real Estate : Some unusual ways to make money with land and houses and hilltops.

Even More Unusual Ways To Make Money: There are some fun ones here, including the man who sold stuffed animals on the side of the road.

Unusual Jobs : You don't have to start your own business to make money in unusual ways. Want to know what a "Wrinkle Chaser" is?

Make Money Buying And Selling Cars For Profit : (off-site link) How to work from home selling used cars and make $300 to $3000 per car.

(*according a to

Labels: , , , ,

July 17, 2009

Self employed....maternity benefits?

It's becoming an all too common scenario. A woman finds her position downsized and as a result becomes self-employed. She then discovers that she is pregnant.

While in a normal job she would be able to take a maternity leave, as a self-employed worker the woman is faced with difficult choices. Can she afford to take a maternity leave without the support benefits? Will she have to look for a full-time position – something that angers the employer when he/she discovers that the new employee will soon require maternity leave – in order to acquire the need number of insured hours?

Here in Canada, if you're having a baby or adopting a child you're entitled to parental and maternity leave from your job and if you qualify, you may also receive benefits that pay you when you're caring for your child. Whether you're pregnant or thinking about getting pregnant, you'll want to figure out what sort of maternity leave you are entitled to.
In addition, the benefits paid out by the federal government through Employment Insurance (or QPIP if you live in Quebec), are crucial when thinking about the financial impact of having a baby. How long can we receive maternity and parental benefits from EI? In Canada, you can receive up to 50 weeks of maternity and parental benefits.

There are a few components to your leave you'll want to learn about-how much leave (paid or unpaid) you can take from your job, the money you might get while on leave from EI, whatever you might get through your employer on top of that (if anything), and what your partner's employer might offer if he or she takes advantage of parental leave. If you're confused about how this all works, you're not alone. Here are some of the basics you need to know and do.

Become incorporated
One option is to have someone set-up and employ you through a corporation. Incorporation will mean dealing with extra red tape and costs. For example, there is the cost of incorporation, book keeping support, and remittance deductions to be made to HRDC such as Canada Pension Plan and income taxes. However, once these factors have been established you will be able to accumulate insured work hours – hopefully enough to take a full maternity leave. The corporate structure offers an added advantage: limited personal liability.

Apply early. If you prefer to keep your self-employed status, another option is to apply early to set a start date for your claim while you still have enough insurable hours or work to qualify for your maternity leave, says Francine Blouin Wilkinson. To be eligible for maternity benefits you must first accumulate 600 insured hours of work.

So, if your baby is due in January but your insured hours will end in October, you can file a start date for your claim towards the end of October while you still have 600 insured hours of work. You will not be able to start your maternity leave until you meet HRDC's criteria, which means that you may lose several months of benefits before the baby is born, but this is better than losing the right to take a maternity/parental leave at all.

You can learn more about the QPIP and apply for QPIP benefits by accessing the QPIP online services or by calling the customer service centre (1 888 610-7727).

Labels: , , , ,

July 06, 2009

Making extra money

Everybody needs a extra income, job.

One great thing about a side hustle or independent gig is that it generates money that is independent of the money earned through your main job. That makes those dollars more valuable in security terms than the dollars earned from your main job.

Say that you earn $50,000 at your main job and that $10,000 goes to taxes and $5,000 to savings. Say that of the $35,000 you spend $15,000 goes to non-essentials (vacations, new furniture, etc) and that $20,000 is what you need to spend to keep going (mortgage payments, health insurance, etc.)

Now say that you earn $5,000 at a side hustle. You could lose your main job and still only be $15,000 short of the amount you need to live that year. If you have just three years of savings in the bank, you could wait one year to take a new full-time position if nothing good came along for that long. Being able to be choosey about your new main hustle can make a big difference in your lifetime earnings number.

Having an independent income stream does not only provide added dollars. Over time, it translates into enhanced opportunities!

Labels: , , ,