Federal Reserve Interest Rate Cut and Your Personal Finance
Last month was a busy month for stock market as Federal Reserve or the Fed made emergency interest rate cut from 4.25% to 3.5% due to the global plunge in the stock market. This is the first time Fed has changed the funds rate between the meetings since 2001 and this news has become the hot discussion topic for the media.
According to the news here, the Fed would cut interest rates again at its next meeting, on March 18. The interest rate cut has been made by Fed lately to help the US economy. You may read a lot of news on this. Do you really understand the true meaning behind the interest rate cut and what it really means for your personal finance?
The Role of Federal Reserve
Federal Reserve, also known as Federal Reserve System or The Fed, is the central banking system in United States. The primary job of the Fed is to control the inflation while avoiding recession. In a nutshell, it is a system to control the US economy.
All the banks in US are mandated to keep a certain amount of reserve balance in the local Federal Reserve branch office. This becomes the famous Federal Reserve Funds and the Fed has the power to raise and lower the interest rate for these funds. This interest rate will be charged on the banks if they borrow money from these funds.
Online Video – A New Way to Make Money From Internet
Online video is a hot trend on the internet. Because of this, our Internet Giant, Google, spent billions of dollars to acquire Youtube in order to jump start in the video market. This story has already proven to us that Online video has become part of the internet and is getting more and more important to people.
As the education level keeps on increasing, more and more people know how to write and share their thoughts. Internet is one of the mediums that people used to share their thoughts and news. Initially, we only share our thoughts in words over the internet. After sometime we can share our photos or pictures like using the service from Flickr. Today, people can share their clips over the internet. We have to say thousands of thank you to broadband internet service.
Make Money from Your Videos
Besides Google’s Youtube, more and more video sharing web sites come out to the market. Some of them are innovative and provide different kinds of video sharing services to people. Part of their innovative is profit sharing with video publishers. This allows people to upload a video and start making money from it. Today, let’s find out which video sites are sharing their profit with you if you upload a video to them.
Tax Tips for Online business Owners
With the New Year season over and the dreaded tax session approaching us and, after one year of working hard and making so much of money from internet, now it is time for you to think about what the tax deductions you can get from your online business.
One of the reason I like my business more than a job is my own business simply has more tax deductions than a job. If you are a business owner, then you are on the right track to enjoy many tax deduction benefits. However, this is not easy. You have to do a lot of boring paper works, filling and preparation in order to make it.
Before we do any filling or preparation, let us find out some of the basic information about taxation for online businesses. I did some research and I am going to share it over here with you.
Disclaimer: I’m neither an expert in tax nor a qualified tax consultant. All the information I wrote in this article was based on my own research. I just want to share what I found. Different Countries has different laws on taxes. So I would recommend you to consult your local legal tax adviser before you take any serious actions.
