Archive for the ‘Finance & Budgeting’ Category

Changes at Money Blog Online

It’s been fairly quiet at MoneyBlogOnline.com lately. The reason why is because there is some restructuring and new vision casting going on. Here’s the story:

MoneyBlog Online started out by telling people how to make money online with Paid To Click, Paid To Read, and other similar programs. From there, new knoweldge on making money online through Incentivized Freebie Websites (IFWs) and that was shared with you. Now, another good addition of knowledge has come, and MoneyBlogOnline.com wants to share that with you. But, the cat can’t be let out of the bag just yet.

One main change that will be reflected on MoneyBlogOnline.com is the shift from community-based writing to just me–Kimberly–telling you about how to make money online in new ways. There will still be the tips and free resources that set Money Blog Online apart, but you will get more of a taste on how this journey of finding the next, best, and lasting online income ventures is affecting me personally and what I am doing in the game.

Postings will be still be done approximately every other day, they will just have a different feel and persepctive to them.

Hopefully all of these items together will make you more active and involved in MoneyBlogOnline.com. I’d like to hear your freeback, ideas, and tips to share with the rest of the community.

So, enjoy this new ride that we will be on together. I’m excited to share what I have with you and I know you will be excited, too!

- Kimberly

Online Income vs. Personal Income

If you’re reading this post, hopefully, you’re well on your way to and current earning a decent amount of extra income from your online endeavors. There is one tip to particularly discuss that many “e-comers” would like to make known: online income vs. personal income. What’s the different and should they be separate? Let’s start with the first question.

What is the difference between Online Income and Personal Income?
Online Income should be considered more like income you would receive from a job. It pays you, yes, but you should approach this income in the same way a freelancer would. If you have qusetions on taxes and whatnot, you should contact a CPA and find out the laws in your state and county regarding income received from your online ventures.

Personal Income would be money a friend owes you. This isn’t necessarily something that applies to your ventures, but should still be considered as income you live on. Just as with Online Income, you should contact a CPA and find out the laws in your state and county regarding personal income.

Should they be separate?
The answer is a resounding yes! There are two good reasons for this. For one, essentially, your online income is your job. You pay yourself from that and other monies for advertising, websites or domain hosting, affiliate programs or other business generating purchases come out of online income. Keeping it separate can help you later during tax time. Secondly, it helps you realize how much you are actually making from your online ventures. You get to see the results of your work and see your success! Plus, if something needs to be tweaked or changed, you can see exactly how and where and put your finances from your Online Income to better use.

- MoneyBlogOnline.com

*Note: MoneyBlogOnline.com is not in anyway offering accounting, CPA, or tax advise with this article.
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