DianaTan.net

The inconvenient truth in financial markets today is that the US is already in recession. The turmoil in the credit and housing markets is prominent. Compounding this is the fact that borrowers are the furthest behind on their debt payments in 15 years. Asset prices soar, borrowing increases and the capital inflow grows. Finally, the bubble bursts, capital floods out and the banking system, burdened with mountains of bad debts, implodes.

The total number of job losses in the first 3 months of this year is 232,000 while unemployment rose to 5.1%. Job cuts were concentrated in the manufacturing, employment services and the construction industry but the damage is becoming more wide spread. US commercial banks alone are forecast to cut about 200,000 jobs over the next 12-18 months. US unemployment rate could potentially balloon to 8% in 2009.

Today’s credit crisis is far more than a symptom of a defective US financial system. It is a symptom of unbalanced global economy. This means that as more Americans become jobless, there will be stiffer competition for freelancer jobs with many trying to earn something from the internet for very low bids.

I have made some decent part-time income from blogging in last year. They are mainly from PayPerPost.com but now it is getting more difficult to grab opportunities after the PR (Page Ranking) was slashed by Google. I am contented that prior to that, I have made more than USD5,000 by blogging at its peak for just slightly over a year. Then came Adsense which I put into 4 of my blogs and I have withdrawn money from Western Union as well for the first time this January 2008. It has been my endeavor to continue learning how to earn money by blogging and there is a very interesting article written here from Problogger.net. Hope it will spur and motivate you to continue to blog on a regular basis.

Tags : make money blogging, blog money, make money online, how to make money from blogs

I am pondering should I put the bulk of money into the slow and steady FD (Fixed Deposits) or takes risks and invest in Unit Trusts which hopefully bring in more returns. Unit trusts are a group of shares managed by a fund manager. When you put your money into unit trusts, about 5% is already deducted from the principal for the fund managers. This is quite a huge amount but the proposed returns are supposed to be better. This is just a projected return. However, I feel much safer to put into FD for less but sure profit. FD return is around 3.7% a year which is not too bad. So between the two, to avoid less headache, I rather put into FD for a less but sure return.

This is good news to all Malaysians earning an income online via PayPal. They can now withdraw the money to their credit card, debit card and cards with the Visa or Mastercard logo. PayPal dreams come true for Malaysians from Wayne Liew and Sweet surrender confirms it.

I am using my VMI card for the moment and perhaps when I have more money accummulated in my PayPal, perhaps I may try it with my credit cards. I have paid USD25 for my Virtual Money Inc. debit card from USA sent by Millie Luong from the Philippines. So far, I have made several withdrawals already without any problems, except for the 2 times my PayPal account was put on restricted limitation due to the VMI card. Anyway, the matter has been resolved now.

When I started blogging in July 2006, little did I dream of making more money online. It was just to update my blogs now and then and at that time pay to blog was never heard of. Never in my dreams did I think of making more money through my blogs. It was easy and fast. Just write a few posts here and there, with interims and you get your cash one month later. How easy can that get? So if you like to set up a wordpress blog, just email me. Otherwise, you can go to blogger.com to start a free blog that’s user friendly and fast to set up.