First off, I want to say a big thanks to all who contributed to this edition and helping get it off the ground. I know there are a lot of carnivals competing for our reading time and energy in this space and we’re all busy. I had fun launching this, though, learned alot, and maybe will get an even bigger turnout for the next edition! (submit for the next edition at the carnival of cashflow submission form). Special thanks go to @moolanomy and @bargainr and @wisebread for retweeting my notices and helping get this going on Twitter. My goal is to have a carnival that focuses exclusively on multiple streams of income and cashflow opportunities. This first edition doesn’t quite reach that level of focus, but I’m hoping the next one will.
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I think Susan Boyle’s a great reminder about the power of starting small. At 47 years of age, she achieved her dream; or at least a major step towards achieving her ultimate dream.
There is power from starting in little beginnings; in making the effort to put one small step ahead of the other, even when there is no immediate reward. In order to reach our ultimate goals, we are also going to have to put them into “practice” for many years before they will come to fruition. Just as Susan Boyle would have had to practice her singing for years before she got much of any substantially sized audience or recognition for it.
Similarly, the power of compounding cashflow can take a while before achieving any great results, whether that’s blogging, collecting dividends, or paying off the mortgage on a first or second home. You need to do the initial research; put your systems in place; make a plan; make a budget for meeting that plan; and you need to follow through.
“I Dreamed A Dream:” Start With the Basics
Moolanomy explains the age-old Cash Envelope Budgeting System – and shares a video about it too! After reading that, be sure to read the Introduction to Moolanomy’s Financial Success Plan.
Mike from Mike’sMillions tells us we need to get fired up for success! His article shows the importance of passion in our endeavors – Be Passionate About What You Invest In and Make Money.
Jim Wang explains How To Get A Free FICO Credit Score. If you haven’t done this yet, you really need to!
Get That Debt Burden Off Your Back!
Matt at DebtFreeAdventure can tell you all about the burden that debt places on you with his article, Interest Amount Paid – Establish a Proper Relationship With Your Debt.
Stephen from Hundred Goals shares a personal story about the Ease of Credit, Pain of Cash.
Five Cent Nickel gives us the straight and narrow on How to Get Out of Debt. Timeless solutions that don’t cost a dime, in contrast to what some quick-money-making schemes will try to sell you.
Debbie at Destroy Debt tells the crazy story of how her Credit Limited Got Lowered – Below The Outstanding Balance!
Manshu from OneMint explains why using prepaid cards might be better. Read about the Pros and Cons of Prepaid Cards.
Preserve and Protect Your Money
Paul over at InspiredMoneyMaker gives us a wealth of ideas on The Importance of Saving Money.
Bank Savings Review gives you all the details on the HSBC Direct Online Savings Account.
David at MoneyNing asks What Drives You To Be Frugal? – Is it because you need to be, or because you have no need to spend?
Chris Lang from Home I Own answers the question Is My Money Safe In a Bank?
Little People Wealth touches on the traditional idea about our homes being “stores of wealth” in an article that asks Should Your Home Be An Investment?
Learn How To Invest
Stock Trading Brokers provides a thorough review of Zecco, the Discount Broker. Must-read if you’re just getting started in investing in stocks.
Sun at The Sun’s Financial Diary gives a review of several brokers in his Discount Broker Comparison: Brokers With Lowest Commission.
MMarquit explains how dividends and DRIPs work in Dividend Investing for Passive Income.
The Smarter Wallet points you toward INO.com’s videos about Charting Stock Movements With Fibonacci Trading Techniques.
Jim from Bargaineering walks you through the process of Buying Municipal or State Bonds. This is a thorough introduction, covering how to find and research bonds to dealing with the tax implications.
Investing School offers us an OptionsXpress Review, taking a look at this online broker that specializes in options trading.
Natalia at SirForex explains Money Management in Forex – Learn It Before You Trade Forex.
Increase and Create Multiple Streams of Income
Praveen Puri explains the Value of a Small Passive Income Stream.
Financial Methods considers The Pros and Cons of Taking On A Second Job.
Dan at Everyday Finance suggests an interesting idea for making a few dollars on the side when he explains What I Learned At the Park: An Easy $400/hour!.
Christian PF speaks from personal experience when he goes over the perennial philosophy of How To Make Money With A Blog.
Silicon Valley Blogger from The Digerati Life gives us one of our favorite topics: how to Make Money Blogging: Top Bloggers and How Much They Earn.
Lazy Man of Lazy Man and Money considers some ideas for Investing In Websites.
FinancialHighway shares some more ideas for Diversifying Your Income – Alternative Income Lessons From the Recession.
And for those who are still students, or will be — and if you’re athletic to boot, Finance Tips 101 gives you advice on How To Get An Athletic Scholarship.
There you have it! Be sure to get your articles in for the next edition, which I’ll also host and will publish as soon as we get at least 30-40 or so (or more!) good articles. I’d like to keep the carnival focus on multiple streams of income or other money-making ideas, so it can be a concentrated place to share new forms of cashflow opportunities (rather than simply getting out of debt or saving money). Articles should be written within the last 2 weeks or so and not published in another carnival. Please link back to the carnival within a week of its being posted. The third edition will be hosted by Passive Family Income.
Thanks for reading!
Don’t forget, if you liked this post, please subscribe (it’s free!) to my RSS feed for future posts and come tweet with me on Twitter @MoneyEnergy.
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{ 3 comments… read them below or add one }
Great job launching this carnival. I have been waiting for a carnival with this type of theme and look forward to hosting in a couple of weeks. Looks like I have some reading to do this week with all the great articles that are included.
Nice start to your carnival!
@pfincome – thanks. I think it will be great to have a carnival just focusing on cashflow/multiple streams of income.
@Ray – thanks!