How to Invest in Bonds: A Step-by-Step Guide for New Investors

Bonds Basics

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What is a Bond?

Are you thinking of Investing in bonds? Bonds are a type of debt security offered by a lender who loans money, usually to a corporate body or government, as a form of investment over a fixed period with profit in view. A bond is often called an IOU(I owe you) between the Investor(also the lender) and the borrower, carrying all the transaction details. 

Why do Organizations sell bonds?

Financing and funding are significant aspects of any project, as nothing moves without proper funding. Corporate bodies sell bonds to individuals to start, continue or end projects. Governments also issue bonds to finance social and community projects like building schools and hospitals, fixing roads and security purposes. 

Portfolio Income: What It Is and How to Build One

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What is a Portfolio Income?

Portfolio Income are income from investing in stocks, ETFs, bonds, cryptos, and real estate. Profit and dividends made from fixed savings accounts, certificates of deposit (CD), or acquiring company shares also fall into the portfolio income class. Portfolio income, as opposed to active and passive income, usually gets favourable tax treatment, which allows the investment to grow better. 

As an Effective business idea reader willing to build your portfolio income, these are a few ways to build one: 

Learn Guest Blogging from the King: 10 Tips from Neil Patel

In the world of marketing as a blog writer or owner, Guest blogging is seen as a powerful strategy for building your online presence, driving traffic, and establishing yourself as an authority in your niche. Who better to learn from than Neil Patel, a pioneer in digital marketing? Neil’s insights can help you leverage guest blogging to its fullest potential.

Who is Neil Patel?

Neil Patel is widely known as an accomplished digital marketing expert, successful entrepreneur, and prolific author. He is notably recognised as the co-founder of industry-leading companies such as Crazy Egg, Hello Bar, and KISSmetrics. In 2023, Forbes acknowledged Neil Patel as one of the preeminent marketers globally, cementing his status as a go-to resource for marketers worldwide through his esteemed blog, NeilPatel.

Moreover, Neil is a driving force behind NP Digital and has been lauded by The Wall Street Journal as a top influencer online. Forbes has also positioned him among the top 10 marketers, while Entrepreneur Magazine commended him for founding one of the 100 most brilliant companies. Notably, Neil is a New York Times bestselling author and has received recognition as one of the top 100 entrepreneurs under 30 by President Obama and as a top 100 entrepreneur under 35 by the United Nations.

Here are ten tips inspired by his teachings and how he has successfully applied them.

1. Identify High-Quality Blogs

The key to successful guest blogging is finding the right blogs.

Neil Patel

Neil Patel stresses the importance of carefully choosing the most appropriate blogs for guest posting. As he explains, one of the primary advantages of guest blogging is its ability to drive traffic and increase visibility for your website, products, and services. Neil advises looking for blogs with high domain authority, significant traffic, and an engaged audience. By doing so, you can greatly enhance the potential for success in your guest posting efforts.

How Neil Does It: Neil carefully researches blogs before contacting them. He uses tools like Moz’s Domain Authority Checker and Ahrefs to ensure he targets blogs with high domain authority and active readers, so his posts get maximum exposure and are seen as credible.

Here are five practical tips to find high-quality websites that accept guest posts:
  1. Advanced Search Operators: Use search phrases like “write for us,” “submit guest post,” or “guest contributors” with relevant keywords. For example, if your niche is fitness, search “write for us” + fitness. This helps you find websites actively seeking guest posts. Or if you’re a food blogger, search for “write for us” + food to find websites in your niche that accept guest posts.
  2. Social Media Outreach: Connect with industry influencers and bloggers on Twitter, LinkedIn, and Facebook. Follow them, comment on their posts, and build relationships. Many bloggers share guest posting opportunities on their social media profiles.
  3. Industry Forums: Join forums and communities related to your niche. Contribute valuable insights and establish yourself as an expert. Some forums have dedicated sections for guest posting opportunities.
  4. Guest Blogging Communities: Join platforms like MyBlogGuest or Blogger LinkUp. These communities connect guest bloggers with website owners looking for quality content.
  5. Competitor Analysis: Identify where your competitors are guest posting by searching for their author names or using tools like Ahrefs. Reach out to those websites with your own valuable content.

Active vs Passive Income: Differences and Exploring Opportunities in both

Active income Vs Passive income

What is active Income? 

An active income is money made from selling goods or performing an actual service. These come in salary, wages, tips, commissions, profits from selling a good, and cash from rendering a service. Like the word ACTIVE, an active income comes from actively doing something. 

Generally, staff at company X working 8 hours a day and getting paid about 5000 dollars a month earns an active income because he has to be present on the job to make that. In the case of a structured working system or personal business, the worker can only increase his pay because of a promotion or if the self-employed person doubles sales or the speed of working within that same time. 

A person earning an active income can only make as much as what the job or service offering can provide, and if the individual stretches beyond the limits of their strength, they might spend all their income on healthcare. 

What is Passive Income?

Passive Income

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Passive income, earned ‘passively’, is a lucrative way to make money. Unlike active income, which demands your constant presence, passive income often requires minimal or no direct involvement. 

Money generated from property rentals, intellectual properties, and streaming royalties are all examples of passive income. The beauty of passive income is that it can generate significant wealth without the need for physical labour. 

Whether a business is considered passive or active income depends on specific criteria. For instance, if a business owner works less than a hundred hours, the Internal Revenue Service (IRS) categorises such earnings as passive income. This distinction can help you understand your income type and plan your financial strategies accordingly. 

Difference between Active and Passive Income

  1. A person making an active income is actively working to make money, while passive income makes money for a person without needing that person’s presence at all or for so long. 
  2. Active income is ‘time-bound ‘, meaning it is earned within a specific period and requires physical presence on the job. In contrast, passive income is not time-bound; some passive income streams can continue to produce even after the original earner’s death. This distinction in income types can significantly impact your financial planning and long-term wealth accumulation.
  3. Active income earning is almost instantaneous, while passive income takes time. 
  4. Active income usually does not require initial capital; even in that case, it’s less capital-intensive than some passive income.
  5. An active income is entirely predictable and reliable, but with most passive income, you cannot outrightly dictate your possible income. 

5 Passive Income Options in 2024

  • Housing/Property rentals 

This is an expensive option for passive income because it will always require some massive amount of money to build, buy or mortgage a house for rental. However, some other options in rentals can earn you passive income, even in the real estate sphere. Connecting House owners with those seeking to rent can even be a great way to earn passive income. Throwing up an advert online for someone who wants to offer their house for rent can make you a commission. 

  • Creating a digital product

In our digital age, the potential for growth and scalability in passive income opportunities is immense. Products have evolved beyond physical goods, with some of the wealthiest individuals today selling virtual products. Creating digital products like Stock Photos, Online Courses, E-books, and Music can significantly earn a substantial passive income, with the potential to grow and scale over time. 

Passive Income selling E Courses

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Here are a few websites to upload stock photos and music – Create your website, Adobe Stock, SmugMug, Shutter Stock, Alamy and Fotomoto 

  • Create affiliate or referral links

If you have a large social media following or even a few thousand followers who trust and are loyal to you, you can upload affiliate or referral links on your social media handles. If your followers click these links, you can earn some dollars if they buy or subscribe to any package. 

  • Investing in your friend’s new company

If you have an enterprising friend who is building a business or wants to scale up their company, investing hundreds or a few thousand dollars can earn you a fortune. In the 21st century, companies have risen to become global conglomerates in less than 20 years. Such an investment might be a short-term investment in the long run. 

  • Creating Videos on social networks with partnership programs

If you’re creative or enjoy sharing your thoughts, then uploading videos on YouTube or similar social networks can be a great way to earn money, with the potential for significant long-term benefits. In recent years, advancements in mobile phone camera technology have made creating visual content more accessible than ever. This could be the start of a long-term, lucrative passive income stream. 

Final Note 

Investing some of your money in passive income can help strengthen your passive income portfolio, and you might even be retiring sooner than you have imagined and just spend the rest of your life fulfilling your passion and travelling the world with your loved ones. If you find out that there is a specific passive income stream you would love to invest in, then do your research in that field, and after you have solidified your knowledge, you can begin to invest in it. 

Trade Secret: Definition, Law and Frequently Asked Questions

Definition of Trade Secret

Trade Secret Basics

It’s common for many people to have secrets known only to them or very few people. These people are always a privileged few who have, one way or the other, earned the privilege of this information. The same applies to some, if not most, of the global conglomerates worldwide. It is called TRADE SECRET. 

A trade secret is a classified practice or development method in a company that is only accessible to a few people, mainly within the company’s core circle, and inaccessible to the general public. This classified information gives the company a marketing advantage over its competitors. 

A trade secret is often the result of several months or years of research, development, test-running, and improvement. Every brand knows that if it can stand out from other brands in a distinctive manner, it will have a better competitive advantage. 

Laws governing Trade Secrets 

The Economic Espionage Act of 1996, as described in Chapter 90, Title 18, Part I, of the United States Code, governs the definition and protection of trade secrets in the United States. Furthermore, due to a 1974 proceeding, trade secrets are subject to state jurisdiction, allowing each state to create its laws on trade secrets.

A trade secret is different from a patent in that it must be kept secret, and the company’s ability to keep it confidential is the key to protecting its competitive advantage. Unlike a patent, a trade secret is not something you can entirely stop another company from using if they can come up with that information through their personal research and development or market research. 

Patterns, formulae, designs, recipes, prototypes, procedures, software, and computer codes are all examples of forms that trade secrets might take. The public will be completely unaware of these because of their unique characteristics. But in whatever shape it takes, it has to;

  • Be Classified 
  • It must hold a financial for the developer
  • It must be in active protection

Unlock Your Writing Potential: Navigate the Best Guest Writing Opportunities in 2024

A freelance writer

Are you looking to take your writing career to the next level, discover exciting new opportunities, and earn six figures every day? That sounds like you saying “yes” out loud. In other words, you were one of the people who came to mind when I started to write this new series “Top guest writing opportunities 2024”. In it, we will be showing you the best blogs and platforms in a wide range of industries that are looking for guest writers just like you.

Why Guest Writing Matters in 2024

Guest writing offers more than just a platform to share your expertise. It opens doors to reaching a wider audience, building authority, and delving into new subjects. In 2024, guest writers are experiencing a surge in both recognition and financial gains, with certain individuals earning as much as $500 per article, although this vary based on how strategic the gig is and you as the writer.

What You’ll Find in This Series

This article breaks away from the usual format you have been previously seeing. Our series aims to offer the latest and most thorough insights into guest writing opportunities. Each series will focus on various industries, including technology, lifestyle, health, and finance, providing you with opportunities to showcase your expertise. Make sure to check out tomorrow’s edition, which will be centred around finance!

As someone who has personally benefited from guest posting, I believe in sharing these opportunities with fellow writers. This series aims to be inclusive and informative, offering practical tips, submission guidelines, and real-world examples to help you succeed.

Join Us on this journey

We also have several blog posts on guest blogging, like “How Not to Write a Guest Post.” You should consider subscribing to our updates and joining us on this journey to uncover the best platforms for guest writers across industries. Be sure to mark your calendar for tomorrow’s first series, focusing on finance. You can also ask us to compile a list of the best blogs that welcome guest writers if you tell us what industry you are in. Please feel free to leave your thoughts in the comments, and we will be more than happy to write about it. As you get ready to take advantage of exciting new opportunities, you should also get ready to tap into great writing potential. Remember,

The greater the obstacle, the more glory in overcoming it.


Six Keys to Riches from Robert Kiyosaki’s ‘Rich Dad Poor Dad

Rich Dad vs Poor Dad

Rich Dad Poor Dad by financial maestro Robert Kiyosaki is a must-read for all seeking financial freedom by learning the principles of investments and financial literacy. Sharon L. Letcher, C.P.A co-wrote it, and it was first published independently in 1997 because publishers did not believe in the potential of this financial masterpiece. Still, after publication, it quickly became the leading book on personal finance

Rich Dad Poor Dad removes the mountain of ignorance that beclouds the practical difference between an asset and a liability and also makes it clear that the difference between the rich and poor is not exactly the money in their account but the knowledge and understanding they have about money and their attitude towards money. 

Why Rich Dad Poor Dad? 

The title comes from the author’s experience with two men who played a fatherly role in his life. The first was his biological dad, who was a devoted preceptor but was poor, and his second dad happened to be the father of his friend(Mike), whom he later began to refer to as his rich dad. This rich dad started to teach Robert and Mike the rudiments of any financially free individual and how investments work. 

The first challenge that Robert faced was choosing between his father’s honest yet unchallenged school of thought about money, which was for him to study and work hard to rise to the top of his career and save money. However, His rich dad, who was not a college graduate, kept telling him to work smart instead of hard, invest and not just stop at savings and to learn about how money works. 

At nine years old, very ingenious, Robert and Mike decided to make some money, only to be shocked that they would only be making counterfeit money they could not spend. This undying passion for learning about money drove these little boys to seek the advice of Mike’s dad, who began to teach them how to develop a sound financial base after proving their desire to learn. 

The Six core lessons of the book

Trademarks explained: description, legalities, and ways to implement them.

Why Trademarks

Have you ever wondered why businesses invest a lot of money in seemingly trivial things like a logo design, tagline, or slogan? They have discovered that creating an image or statement that resonates in people’s minds can be why their brands stand out amongst many other impressive competitors. This unique image or statement can be categorized as a Trademark. When you hear the name Nike, your attention is immediately drawn to its custom ticker logo. 

Brands have also discovered that once these marks, slogans or taglines become popular and gain traction, they can be used by other brands, and this will be a disadvantage for them– this is the reason for formalizing a trademark using a legal process that allows them to protect their intellectual property.  

What is a trademark?

Freelance Writing Jobs: Essential Steps to Land Your First Gig

Welcome to the world of freelance writing! If you’ve been dreaming of turning your passion for writing into a rewarding career, you’re in the right place. I understand the challenges you may face, as I was once in the same situation. I loved writing and honed my skills, but I lived with the daily fear of not knowing where my first writing job would come from. Those were tough days, but as the saying goes, “Tough times never last, but tough people do”. I don’t want you to go through what I did, and if you’re currently facing these challenges, I’m here to provide you with solutions.

This is the second blog post in a series on “everything about excelling and making six figures as a freelancer, and the first blog post is Getting Started as a Freelance Writer: Skills, Tips, and Resources. You should check the link after reading this to get all the full insights. In this practical blog post, we’ll explain the essential steps to help you land your first freelance writing job. 

Navigating Copyright: A Guide to Protection and Infringement Prevention

Title Image - Definition of Copyright

What are Copyright Laws? 

Copyright is a legal structure that protects unique authorship works, including a wide range of creative artistry that are eligible for protection. Thanks to the protection of specific creative works, authors, artists, and producers can freely develop without worrying about unauthorised reproduction or exploitation. Only the original creators or authorised parties are granted the exclusive right to reproduce by this intellectual property right. Copyright law gives creators the sole right to duplicate and use their original work for a set period. When copyrights are removed, the item is released into the public domain and can be used without restriction.

Filing for copyright in the US 

Copyright protection is essential for protecting the originality of a creative product, allowing for legal protection in cases of reproduction or exploitation. It does not grant the right to be the foremost producer but ensures that the law supports legal action against anyone or corporation infringing on the original work. 

Copyright Laws

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In the U.S, every registration is done with the U.S. Copyright Office, with a filing cost ranging from $45- $600, and this can be done physically or virtually if you are tech-savvy, during which some forms are given specifically for the creative artistry to be registered. Usually, to obtain a copyright for any original work, it does not have to be public, but it must have been produced and possess a tangible distributable form. Some of these are: 

  • Pictures
  • Paintings
  • Literary works
  • Performing arts
  • Musical Projects
  • Website content
  • Sound recordings
  • Motion pictures/Movies
  • Software and Database
  • Custom architectural designs

You can check this chapter in U.S. Copyright material to learn more about the materials that qualify for copyright according to the U.S. Copyright Office’s compendium of practices. 

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