By Anderson Josiah

A lot of individuals seem to be interested in getting into there own home business, this is because of economic uncertainty and fair of one day being unemployed with no income to sustain themselves and there family or it could also be simply to earn extra money in there spare time. The problem that most people face is what type of business they should get into. Well the possibilities are endless but I have listed five of the best and most successful home based businesses. Remember when choosing a home business choose something that you have some sort of experience in and love to do because you might be doing it for a long time.

1. A Financial Planner-this is a very good area to focus on simply because you don’t need to invest in any goods to stock up on and the initial capital output is very low, if you have had any kind of experience in the financial sector you would be amazed how easy it is to profit from it. There are a lot of people out there looking for good sound financial advice from someone they can trust. There are plenty people who don’t trust large corporations because they lack the personal touch, this is where you can capitalize and earn a nice profit. You can charge a consultation fee or a percentage on what ever profits your clients might make.

2. A Pet Groomer-Pet care is a fantastic way to earn some extra money especially if you love animals and the outdoors, a lot of professionals have pets that they love but don’t have the time during the day to take care of them and would pay good money to have them handled by a professional. Not only would you get exercise from playing and walking pets but you can make more money by offering other related services like pet training and selling pet food.

3. Personal Caterer-This may seem to be a low end type of business but it is not, with more and more professionals becoming health conscious if you can provide a reliable, tasty, healthy and affordable catering service you can make a mint. You can sell pre-packed lunches and dinners even breakfast and this could be operated from out of you home kitchen with minimal capital investment.

4. Agri-Tourism-This type of business is becoming more and more popular simply because people are becoming more and more concern about going back to nature and living a healthy lifestyle. This type of business allows people to socialize in the outdoors; this could be things like tours, picnics, Sport and fun days and other outdoor related stuff.

5. Food-This is the surest way of making money if managed correctly. Why? People must eat even if they choose to or not. This type of business can be financially rewarding if you know what you are doing, you can start off small and then expand one area that you can explore is to produce and manufacture food to sell to stores, shops and retailers and the best way to do this is to look at products like breakfast cereals and potato chips because they are pre-packaged and ready for use. If you would like more great home based small business opportunities and ideas check out the link below to get a free copy of ‘Dotcomology’the art of making money with your home business.

About the Author: Andy The Home Biz Wiz recommends for more information subscribe to my FREE Internet Home Business tips newsletter and get hundreds of money making tips and tricks along with FREE Software delivered to your inbox. A $147 value, yours FREE: MakingMoneyFromHomeOnTheInternet.com

Source: isnare.com

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By Donald Lusan

When we think of life insurance we tend to focus on lump sum cash payments upon the death of the insured. Are you aware that there are alternatives? Did you know that the proceeds of your policy can be distributed in income form instead of a lump sum? Would you prefer to have payments to your loved ones made in the form of an income. I have seen lump sum life insurance payments to beneficiaries put to good use but I also have seen situations where this large payment upon death serves no worthwhile purpose. It is blown in a very short period of time and in some cases the family is left destitute.

The intent by the purchaser of a life policy is more often than not to guarantee the financial security of loved ones. The best way to achieve this is to provide income instead of a lump sum where feasible.

Let us take the husband, for example, who purchases life insurance to guarantee that his family is secure in the event of his premature death. He calculates carefully the amount of insurance needed to ensure this. In some cases the wife is very well qualified in the handling of large sums of money but in other cases she has no clue. The husband dies and $1,000,000 or $2,000,000 is put into her hands. If she is good with money the family is okay.

Let us suppose the proceeds are paid in income form, there are several options to choose from.

Life Income

One of the best options to choose is to have the lump sum distributed in the form of a life income. If the face amount of the policy is sufficient to provide an income that the family can live on this may be a great option to choose. There is, however, one drawback, once the beneficiary dies the income stops…

Aware of this problem life insurance companies created pay out options that would guarantee payment even if the beneficiary died. You can choose a guaranteed period of 10 years, 15 years or 20 years for example. Let us suppose you decide to pay your family a life income of $12,000 per month and you name your wife as beneficiary and the children as contingent beneficiaries. After you wife gets the income for say 10 years she dies. The children, who may be in college at this time are still in need of some financial assistance. The income will continue after the death of the wife for an additional 10 years…a total of 20 years income.

If a life income is chosen the amount paid out is considerably more than had it been paid in one lump sum. Another great advantage is that the primary beneficiary, your wife, cannot outlive this income even if she lives to age 100.

Fixed Amount Option

Let us suppose you decide that you want your family to have an income of a fixed amount provided by your life insurance policy. You want them to be paid $10,000 per month for as long a period as the principal will allow. You can also decide to pay the proceeds in this manner.

Fixed Period Option

You have the option of saying to the insurance company “pay my beneficiary an even amount over a 15 year period”. This income would be estimated by the life insurance and paid out accordingly. This is pretty similar to the “fixed amount option” in the amount that would be paid out.

Interest Option

If the principal is large enough to provide sufficient income to maintain the family this is a great option to choose. The insurance company will pay the interest each month or in whatever manner you choose. The principal remains in tact…

Let us suppose you wanted your life insurance to provide an income for your wife while she is alive but upon death you want the face amount of your policy to be paid to your children. This can also be arranged.

Sometimes large sums of money in the hands of a person not accustomed to it can go down the drain pretty quickly. As you can see if the income options of your life insurance policies are set up correctly you family can gain much but above all they will be more secure.

Read more on the proper use of income options: http://www.lifeinsurancehub.net/LifeInsuranceSettlement.html

About the Author: For more than 40 years Donald has been known for his extensive knowledge of the life insurance business. He has represented some of the largest and most admired life insurance companies in the United States as well as Canada. His advice is invaluable. Donald’s website is:

lifeinsurancehub.net

Source:

isnare.com

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