Pitfalls to avoid when planning for retirement

Have you started planning for retirement? Everybody needs to start planning for retirement. As we get older, our ability to update our blogs diminishes. We shall not be able to update our blogs regularly. This might be due to inability to type for a long time, lack of topics. Also, memory loss affects our blogging skills. We shall not be able to recycle contents to be good enough to appear original. We shall not have enough strength to be left clicking every 3 seconds to drop about 200 entrecards everyday.

I found this article on Motley fool that list ways to avoid botching your retirement plans. The link to the article is 9 Retirement Killers

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Want to what? Monetize this blog? Yes

Fed has cut the rate..............and it means?

The Fed cut interest rates today, 30th January, from 3.50% to 3.00%. The interest rate is the rate at which banks lends to other banks for a period of time, usually overnight. The Fed did that to prevent the thought of recession. The Fed has to respond to the falling stock market and failing economy. The effects of the reduced interest can be categorized as good news, mixed news and bad news.

Good news
This will help people to borrow loans at a cheaper rate. This enables people to take loans for businesses or cars, that are within their reach i.e. loans they can afford the monthly payments.
People with variable rate mortgages loans can refinance their homes. Also if you have a variable rate credit card, you can call your credit card to lower your rate if your rate can be lowered.

Mixed news
Treasury bonds, already taken students loans and fixed mortgages will not feel the effect right away, but they will feel it in the long run.

Bad news
Savers and high yield interest rate account owners will have lower returns on their money. People with existing car loans will not benefit from this reduced interest rate.

What is she looking at ?

I wonder what Jessica Simpson is looking at?

Want to what? Monetize this blog? Yes

I haven’t made a dime out of this blog yet. This blog is only 1 month old. I have read blogs in which the authors make like $1000-3000 a month. I usually say whoa. Then when I read blogs like shoemaker, problogger or the infamous John chow that make more than $100,000, I say eh mama. My first and the most common method of making money is by using Google adsense.

Google adsense according to what I have read is the highest pay per click (PPC) program. Pay per click program is a program that pays the webmaster money anytime an ad on his site is clicked. Pay per click is only important if you have a lot of traffic like more than 50 unique visitors per day. When you register with Google adsense, you can customize the ads to blend with your blog. Adsense try to display ads that are relevant to your blog. You also have the privilege to filter ads from some website. Adsense also gives you the opportunity to make money by including a search bar in your site. If your search bar is used to search Google, you get paid if an ad is clicked during the search process. According to adsesne, “Offer your users web search while earning revenue from ads relevant to their search terms”.