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If you are financially stable and successful in your life then you can go ahead and gamble some money away. Below are some ideas where can you wager your money on, as well as some top ways of earning more money. However, people always argue that these are not the right ways of obtaining more cash.

Different countries do have different tax structures for this income and your service charges will be more than your normal earnings taxes, so the deductions will take a higher portion of your total profit. The reason behind this taxation is that you have put less effort & thus got more money. But also here there is a high chance of losing everything. Means this is a game of no risk no gain.

Below I have listed 3 ways you can do this:

Earning money from lottery: If you are a huge fan of winning the lottery, that means you want to earn big. However, there is no assurance whether you will definitely get the money or not. Many people have lost their entire savings by investing in lottery tickets and yet they didn’t get anything.

Earning scope in casinos: Many night clubs do have casinos inside them & youngsters are very interested in clubbing, roulette and poker. This is nowadays one of the best & most popular mediums for refreshments. In casinos the winning stake can be huge if you know what are you doing, otherwise you might end as a big looser.

Earning by involving in sports betting: Many people in this world are into betting and there are many renowned betting sites like the ones listed on BettingTop10, where people can indulge in their favorite sports odds. Some are even earning few extra bucks but you have to be aware of the fact that there are many scammers all around, so you need to go for the correct one after doing your home research.

For me I am a simple family guy who doesn’t like clubbing a lot & I am always finding my refreshments in my family. I am not very rich, but yet I feel financially established. I have never tried the above mentioned ways of making money so I can’t be of much help if you would like to give them a go, but as a financial blogger I like to cover all sides of financing and all alternative ways of earning money.

I am very proud that you all are loving my blog & also sharing your valuable feedback. So, I’m looking forward to seeing your feedback for this post also. Finally, these money earning ideas in 2017 have included few nontraditional ways of earning money. But ultimately remember to work hard & then expect higher gains.

The new year and the new presidential administration has ushered in a host of fiscal changes that could impact your wallet. Safeguard your money and act in the best interest of your household or business’s bottom line by learning more about the growing financial trends in 2017.

Rising Interest Rates

Interest rates are on the rise in 2017, creating a financial environment that is geared more toward saving than borrowing. In fact, people who put money into personal savings and retirement accounts have the opportunity to create and grow their wealth. Alternatively, people who need to borrow money face paying higher interest rates and making larger payments on their loans each month.

The higher interest rates correlate to the expanding economy and the creation of more openings in the American job market. As unemployment rates go down and American workers may more money, they have the unique opportunity this year to save money and take advantage of rising interest rates that could lead to greater personal wealth. Capital management services offered by professionals like James Dondero are also expected be more in demand this year.

Freelancing in Retirement

This year also has the makings of being the ideal time for retirees to make some extra cash doing side gigs. It is no secret that retirees are living longer and often outliving the money they have set aside for this time in their lives.

Until recently, however, people in this age demographic had few chances to earn extra cash. Many employers did not want to invest time and effort into training employees who would leave the workforce sooner rather than later.

However, thanks to companies like Uber and Lyft that rely on freelancers, senior citizens now have the opportunity to work for themselves as independent contractors and earn money that will not put their Social Security incomes in jeopardy. Along with driving for Uber or Lyft, they also can freelance as writers, artists, tutors, and other independent contractors.

Investment Portfolio Automation

This year also shows signs of increasing the demands for investment portfolio automation. This automation makes investing with financial pros like James Dondero easier and essentially creates an ideal if not passive way for people to put money into the stock market without putting forth any unnecessary effort on their part.

Further, this automation shows promise of being tax efficient and low in cost. Moreover, it costs the same if not less than an exchange-traded fund.

About James Dondero

James Dondero began his career in the financial industry in 1984 and has since become one of the leaders in capital and investment management. As the co-founder and president of Highland Capital Management, L.P. in Dallas, Texas, Dondero also serves as the CEO and chairman of the board at HCM Acquisition Company. Before founding Highland Capital Management, L.P. he worked for top financial companies like American Express and Protective Life.

He graduated with top academic honors from the University of Virginia’s McIntire School of Commerce with dual degrees in finance and accounting. He is certified as a Certified Management Accountant as well as a Chartered Financial Analyst. He also volunteers for Dallas-based charities and organizations like the George W. Bush Presidential Library and Institute, Education is Freedom, Snowball Express, and the Perot Museum of Natural Science.

Holiday plans are often spontaneous and happen when you’re desperately in need of a break from the monotony of your life. Suppose you are planning a family vacation when your spouse or kids have holidays but your funds are a bit tied up. Should you postpone your vacation till you have the money? Absolutely not! Instead of being disheartened by thinking that you do not have sufficient funds at the moment, you can simply plan a vacation with a personal loan.

You can finance your travel smartly by availing a personal loan. Based on your credit history& income source, the eligibility and amount will be determined and accordingly the tenure and repayment conditions for the loan will be laid out. Salaried individuals find it easier to avail personal loans as compared to self-employed businessmen. However, if you have filed tax returns & all company documents are in place, even self-employed individuals can avail a personal loan without providing collateral.

An online personal loan is extremely easy to avail and rarely require any form of collateral. If you meet the eligibility criteria set by the lending institutions and have the necessary documentation in place, there is a definite chance your application will get an approval. In fact, these days online personal loans can be completely paperless with online submission of scanned id and residence proof.

How do personal loans compare with credit card EMIs? There are tax benefits for personal loans. You can claim income tax benefit under Section 24 on personal loan which offers an overall interest benefit of 1.5 lacs for tax exemption. In addition, extending your credit card to finance your travel is not a good idea as they have predefined credit limits that may not suffice the amount you need for your travel.

The right thing to know – The world we live in is full of risks and insecurities. Families, individuals, businesses, assets and properties are exposed to numerous types and certain levels of high risks. These definitely include the risk of health, life, property, assets, etc. We know that it’s difficult to prevent these risks, especially sudden miss happenings so the financial world has taken the responsibility to protect business and individuals against losses by compensating them with finance. Therefore, insurance is required with the full pace that eliminates or reduces the loss caused by any risk.

When we talk about health insurance, the first thing that comes to our mind is ‘Grandparents’. Ever thought health is such an important thing, especially when it’s about growing age. Sometimes, we initially don’t take a risk of traveling with them to abroad; we suffer from a fear of bad health. But every time this tact can’t be followed rather we need to find some solution for this. The best and relevant to this is – Super Visa Health Insurance.

Now, what exactly is Super Visa?

Super visa is a long term multiple entry visa for both grandparents and parents of Canadian citizens or permanent residents. They can stay up to maximum 2 years in Canada for every visit. This is valid up to 10 years. However, a regular multiple entry visa is also valid up to 10 years; but you can stay for 6 months only for every visit.

Eligibility for Super Visa

Super Visa is for grandparents and parents for Canadian citizens or permanent residents. Apparently, the grandparent or parent must be admissible to Canada and meet all the terms and conditions. Read on:

• The applicant need to show Canadian medical insurance that meets the basic requirements and also covers then for minimum 1 year.

• The applicant needs a letter of finance support from their grandchild or child in Canada, who earns the minimum required income.

• Private medical insurance proof is required for the minimum time slot of one year with a copy of Canadian insurance company that covers hospitalization, repatriation, and health care and provides a minimum coverage of the certain amount, also is valid for the entry in Canada.

• A copy of employment insurance pay stubs for grandchild or child.

Importance Generated

Although, the procedure can be little different if a grandparent or a parent is from another country, therefore, a visa is strictly required to enter Canada as a visitor. Health Insurance plays a key role in Super Visa, so make sure this is not ignored.

Validity for Super Visa

The maximum validity for Super Visa is 10 years, or it can be an addition to one month prior if the passport expires (whichever is earlier). Within this time Super Visa holders can stay up to two years.

On That Note

We truly know, how important is health insurance in today’s life, especially for our parents and grandparents. Therefore, in every limit, we need to make sure that this insurance is taken care.

A savings bank account is where most people begin their journey of savings. There is no safer place than a bank to store your money. It also pays you for keeping your money there in the form of interest. But, there are several banks around and each have their own benefits, so before you open a savings account decide a bank to go to. Following are steps on how to open a savings account –

– Select a bank

Inquire about banks that are situated in your locality. Better will be to research about them online as there is an abundance of information available online. Each bank will have a distinctive service and offer, decide which one’s best for you. Important points to consider is the presence of the bank and their ATM networks. Also remember that you will be needing several services of your bank at random hours so there has to be an availability of online and mobile banking as well. Be it physically or digitally, your bank should be within reach all the time.

– Check out their website

If you like a bank then go ahead and check out their website and find out more about their services. You can check out each and every service of theirs by just sitting on your desk. The advent of mobile and online banking has made life convenient, also ATMs can be accessed 24/7 making banking simpler and hassle free. Plan your visit to the bank on weekdays at 9.30 a.m. to 3.30 p.m. and on Saturdays at 9.30 a.m. to 1.30 p.m. Banks remain closed on Sundays and other public holidays.

– Type of account

Although we know that we’ve to open a savings account, there are several types of savings account out there catered specifically to match your needs. Some options are Easy access accounts, Basic savings accounts, Joint savings accounts, Women’s savings accounts and Youth account. Best option for you will be to get in touch with bank representative and ask for details.

– Keep information ready

To open any savings account you will have to submit certain documents and information to the bank. This is a norm that is followed by all banks, some banks will require more information and several documents will be asked, it will be better if you keep these documents handy.

– Depositing your opening amount

Several banks require a minimum amount deposit to open a new account. The amount depends on the bank, some may have a greater minimum amount deposit and same may have none. Find out these details in advance and have the amount ready when you’re about to open a new account.

– Read and understand the terms

Do not hesitate to ask questions, you should be clear about each and every aspect of the account. Also read the information available online on the bank’s website, inquire about service charges, benefits and services available on the account.

– Sample signature

You will asked for a sample signature while opening your account. This signature will be used in all of your future transactions related to the account, like withdrawing money or signing a check. If there are noticeable differences in your signature then the transaction won’t be permitted. This a procedure done to keep your account safe and to avoid any issues with the signature, you can practice it on a piece of paper for several times.

– Account opened!

Congratulations, you’re now a valued bank customer. After the verification of your form and documents, your account will be opened. You will receive a welcome kit from the bank that will include important information about your account like information leaflets, cheque book and customer relation number. The kit may also include your debit card, with the pin number, also attached will be your net banking and phone banking pin.

With the advent of technology on the banking front, you can also opt for online account opening, the procedure is easy and the steps are hassle-free.