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4 Ways to Send a Money Transfer Online

4 Ways to Send a Money Transfer Online

The Internet has opened up a wide range of possibilities on what can be done remotely. In fact, the way in which the Internet has taken over many functions makes us wonder how we got by before the Internet became popular. Paying for goods & services, sending, and transferring money is one of the many things that the Internet has made possible.

The rise of smartphones has also pushed the limits of mobile banking as more people find fewer reasons to go to the bank for financial transactions. Most banks have apps that you can use for your banking needs right there on your mobile device. However, the transaction costs of some of such apps might not make much sense. This post seeks to provide you with information on some other ways that you can transfer money online with ease, speed, and lesser transaction costs.

1. PayPal

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    PayPal is probably the oldest way to send and transfer money online. PayPal is designed to take the hassle out of the need to enter in your financial information every time you need to make a transaction. Apart from the fear that your financial details could end up in the hand of cyber criminals, typing out series of credit card numbers might get tiring on the small screen of most Smartphones.

    PayPal allows you to send/transfer money simply with your email address. PayPal is accepted in most online stores; hence, you only need to input your PayPal email address at checkout. If you receive funds into your PayPal account, you can also withdraw the funds into your bank account. PayPal also provides PayPal MasterCard that you can use in stores.

    2. Square

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      Square Cash is relatively younger in the online payments industry; it has gained significant traction and the firm had its IPO last month. Square seeks to become a peer-to-peer payment service that allows you to send money to people’s debit card directly. Square’s appeal lies in the fact that it supports iOS, Android, and Windows Phone—there’s also a dedicated Square Cash Web app.

      Square is also business-centric. Square Cash for Business is designed to help small business owners receive payments without credit card readers. The new $Cashtag allows people to pay directly from their debit cards, and it allows the businesses to receive the money into their accounts. Square is still in its growth stage, but the platform might become a major online payment platform once it signs up enough users.

      3. BitGold

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        BitGold is an online payment solution that looks to the past to solve the problems of the present time in order to avoid problems in the future. BitGold allows you to buy physical gold, which you can then leave in your account as a store of value because gold tends to keep its value longer than other asset classes. You can also transfer gold online to other BitGold users with minimal fees. It is a great alternatives to regular online money transfer services. You can use the gold to pay for online transactions through a Prepaid MasterCard that you’ll be issued. You can use the card anywhere that the major credit cards are accepted. You can also use the prepaid card to withdraw local currency via ATMs.

        BitGold is still young and it might not offer the perfect peer-to-peer payment system because its user base is still growing. However, the fact that you get to keep your funds in gold bullion ensures that you enjoy all the benefit of the stability in gold prices without having to worry about safety deposit boxes for gold bars. If you’d rather keep the physical gold, you can request BitGold to send you the gold in your account as physical gold cubes or gold bars.

        4. Bitcoin

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          If the idea of sending, transferring, or receiving money without a paper trail interests you, Bitcoin might be your best bet for sending money online. Bitcoin is completely decentralized, anonymous, fast and cheap. You’ll need some computer skills if you want to go the hardcore way of mining bitcoin, but you can easily fund your bitcoin wallet by purchasing bitcoin from one of the many merchants in town.

          Bitcoin tries to keep its value insulated from the manipulation of fiscal and monetary authorities—the move should ensure a fair distribution of wealth that gives everybody a fair chance to earn money. However, Bitcoin is not immune from volatility caused by events in the news. If you choose to keep your money in bitcoin, you should be ready to deal with the wild swings in its market value.

          Featured photo credit: Universal Studios Florida by Theme Park Tourist via Flcikr via flickr.com

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          Learn to code Learn Coding For Free With These 10 Sites 4 Ways to Send a Money Transfer Online INDX.guru 8 Powerful Hidden Features in Stock Market Apps You’ve Probably Missed 4 Apps To Turn You Into A Stock Market Pro (You Should Use) “I would be so successful if someone just gave me a shot”, you might think. Why not be the one to give youreself a shot? Many people out there have mindsets and attitudes that set them up for failure. They might answer my question with, “That's a crazy idea!” or “I've already tried that!” but how much of that is just making excuses? When it comes to limiting your own success, there are ten particular mindsets that turn those answers into self-fulfilling prophecy: 1. Loafing You'll write that novel just as soon as you're done with your favorite show. Oh, but now you're hungry. You'll get started after a snack. Oh, but now that snack has made you sleepy – a little nap couldn't hurt, right? One of the hardest parts, and the most obvious, of achieving success is the actual work. Procrastinating, making excuses or tricking yourself into loafing is just going to cement the fact that nothing will ever get done. It might not sound pretty, or even too easy, but the easiest way to get to success is to just jump in and get going (which is exactly how I got started). 2. Blaming It's not your fault you're not successful – the industry is bad, you don't have the money, etc, etc. When it comes down to it, however, who is the one responsible for your success? You. This is the day and age where people are launching successful start-ups in a few months, getting published online and finding their way to success one way or another. Some things might be out of your control, but blaming others is just going to waste the energy and time you need to get going. 3. Sour-grapes Being envious of the success of others is almost as bad as blaming them. All the time and energy you could be putting into your own goals is going towards a person who more than likely has done nothing but show you that the goal is attainable. You don't have to be applauding their success, but being envious and sour about it is a waste of time – let it roll off your shoulders and dig down towards accomplishing your own goals. 4. Minimizing others success Again, you don't have to be cheering and raving about the success of others, but minimizing their accomplishments looks bad on you and on your own goals. If you attained success, would you want others rolling their eyes and treating it like it is not a big deal in the slightest? I highly doubt it. “So they climbed Mount Everest, big whoop. Plenty of people have done it before”. Have you? 5. Talking You're going to do this, you're going to do that – the proof is in the pudding, ultimately. Talking about your goals and what you're going to accomplish is all well and good, but talking time is better spent actually doing. Talking about your goals has actually been shown to make you less likely to reach them, so zip up those chattering lips and dive in. 6. Making assumptions You know what they say about the word ‘assume’, it makes (a word I’ll leave out of this article) out of ‘u’ and ‘me’ . Unsuccessful people are the best at making assumptions without considering other outlets or opportunities. Missed chance after missed chance can put anyone behind or completely ruin something that you poured a lot of hard work into. People are often surprised at what happens if they take a chance instead of listening to that little pessimist inside their heads. ‘Never assume’ is good advice and it is a mindset you should get out of as quickly as possible. 7. Procrastinating This one is obvious, isn't it? It's about the same as loafing, but even worse because it applies to multiple areas of our lives. That big project? Eh, its not due for a week. My dreams? Eh, I'm going to be taking a class to learn how to write in a few months, I can relax until then. Procrastinating isn't the friend of successful people. Many of them had to learn how to either make procrastination work for them or to barrel through it and press on, even with the proverbial sloth demanding you park it on the couch. 8. Naysaying “It will never work. It is impossible, I just can't ...”. That is about when it is time to take a good look at yourself. There are a plethora of people out there that once thought the same thing: you can't get a man into space, you can't find a way for a human to fly, you can't cure a disease. Well, people did what was once considered impossible. If they can defy the entire world, why can't you defy your internal pessimist and get there? Don't tell yourself that it is impossible. In the world we live in today, it seems like impossible is becoming a word that gets weaker every day, and the same is true of your goals. 9. Consuming Fast food, energy drinks, trash TV – your brain is sobbing at the thought. With all the time spent taking in things that are not good for your brain or body, how can anyone expect it to happily balance out and produce the stuff you need to achieve success? Your output should be greater than your input; though you don't have to take the starving artist spiel literally. The point is, your production is where the value is, not the absorption. 10. Quitting “Well, I tried.” Sure, you tried once. That horse is shaking its head and trotting off to find someone who will get back on it. There's nothing necessarily wrong with cutting your losses sometimes. After all, no experience is ever truly wasted, but quitting is the top enemy to successful people. If you believe in something, if you want to find that success, there is no road map. You may very well have to carve your own path through treacherous jungle. If you give up the first time a mosquito bites you then you've doomed yourself already. Success, in large part, is about the human being in the arena. People cheer for them, their struggle and victory, but the person who watches idly and scoffs, having never tried has also never really lived. Mindsets are not set in stone. It is never too late to get started and change your perspective. After all, achieving success is completely up to you – you are the one making excuses and holding yourself back. You are also the one that will decide when it is time to stand up and get back into that arena. 10 Bad Habits That Stop People From Achieving Success

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          Last Updated on April 28, 2020

          9 Millionaire Success Habits That Will Inspire Your Life

          9 Millionaire Success Habits That Will Inspire Your Life

          As technology evolves and information becomes more accessible, it has also become more challenging to define success. A lot of people are trapped in the rat race while trying to discover the actual formula for success.

          You could become overwhelmed with what tools, techniques or philosophies to imbibe while trying to get tips over the internet. At every click and turn, there are ‘how-tos and quick-fix’ on how to become successful overnight. You will find several courses, articles, videos and books on how to achieve financial success.

          But what if I tell you it doesn’t have to be complicated as people made it out to be? What if you could achieve success by merely following these 9 millionaire success habits?

          1. Read for Personal Development

          A daily habit I have discovered millionaires share in common is reading. For instance, if you are an entrepreneur, you need to read to become an efficient leader and a productive business owner. Reading helps you to grow and learn without going to a business school.

          A research conducted by Thomas Crowley indicates about 85% of self-made millionaires read at least two or more books each month. [1] Warren Buffett is one of these examples. He spends 80% of his day reading. In the early days of his investment career, he would read 600 to 1000 pages in a single day.

          While millionaires sometimes read for pleasure, they also learn to improve themselves. They read topics on leadership, how-tos, self-help, biographies, lifehacks and also follow current events.

          Here’re some recommendations for you: 25 Best Self Improvement Books to Read No Matter How Old You Are

          2. Establish Multiple Sources of Income

          Another success habit I noticed about successful people is that they don’t depend on a single income source. Every millionaire possesses multiple sources of income. This helps them to manage economic challenges and also make more money.

          They are passive income addicts. They earn interests from loans, rental income from real estate, royalties from intellectual properties, dividends from investments. They also launch a side business or run a website or sell information products.

          How income is made either passively or actively is what separates the successful from the wannabes. They are always learning ways to build multiple streams of income.

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          3. Live on a Stipulated Monthly Budget

          An average millionaire does not believe in luck and jackpot. They take the time to understand cash flow-income and expenses. Based on this, they establish a monthly budget and religiously stick to it.

          The essence of the budget is to minimize unnecessary expenses. This will help you gain complete control of your financial life. Budgeting helps you to avoid overspending to achieve your financial goals. Here’re some tips to help you stuck to your budget: 32 Hacks for Sticking to Your Budget

          4. Manage and Maximize Money

          The most significant education for a millionaire is financial intelligence. Nobody attains financial freedom without gaining financial intelligence. This is the more reason millionaire, regardless of their income, keep their knowledge about tax strategies updated.

          They always seek to reduce their tax bills. One approach they employ is by living or incorporating their business in states with no income tax.

          Do you know that about 60 companies paid $0 legally in the 2018 tax year? Some of these companies that ‘avoided'(note: not evaded) federal income tax include Chevron, Amazon, Halliburton, General Motors, Delta. Their US income was totaled at $79 billion with an effective tax rate of -5%.

          What’s the deal? They got a tax refund.

          How do they accomplish these?

          An ITEP report indicated that they have the culture of throwing huge sums at tax experts who assist them in discovering creative, as well as convoluted means of paying little tax as much as possible.[2]

          5. Avoid Debt

          Another habit that separates the millionaires from the rest of the world is how they manage debt.

          They don’t live an extravagant lifestyle; instead, they only buy what they need and can pay for. They do not book hotels and flights by using their credit cards to pay for them.

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          They are conscious of the interest rates even when they use credits cards or take loans. If possible, they try to pay with cash because of its zero percent interest rate.

          6. Set Daily Goals

          It does not matter if they are setting up a business, a career, or financial projections; they have the success habit of setting short term goals. They plan daily and weekly goals to generate momentum in achieving their long-term goals.

          Ensure you prioritize when setting daily goals. This will help you to achieve the most important to-dos on your list.

          Setting priorities will help you to focus on highly rewarding activities. If you desire financial freedom, it is wise to pursue activities that earn you thousands of dollars rather than hundreds of dollars.

          7. Don’t Act Rich

          The goal is not to act rich but to be productive. Interestingly, Thomas Stanley buttressed in his book that for the most prestige brands of cars, about 86% percent are toys of the non-millionaires. While most believe that people with huge fortunes tend to drive exotic cars, in reality the largest consumers of pricey cars are aspiring millionaires.[3]

          According to findings by Experian Automotive Researchers, 61% of individuals who earn $250,000 or more rarely buy luxury brands. Instead, they buy Hondas, Toyotas, and Fords like the rest of the world. The reason is they are not ready to spend money on premium cars that tend to drop in value in a couple of years as it would cost money. Millionaires invest in assets that appreciate.[4]

          8. Own or Buy Businesses

          In Robert Kiyosaki’s cashflow quadrant, he divided how you earn income into four quadrants. The E and the S quadrants take the left position while the B and the I are on the right side. According to Robert, it is possible to be on all quadrants, but the millionaires are not.[5]

          • E stands for employee – they work for others
          • S stands for self-employed – they work for themselves
          • B stands for a Business owner- employees work for them (500 or more employees)
          • I stand for Investors – Money work for them like Warren Buffet.

          Your goal is to move from the left quadrant to the right quadrants where you own big businesses or make money work for you.

          It is possible to become financially successful by pursuing what you love. For instance, if you love writing, aspire to be the best seller. Wealth and passion work together.

          Check out How to Start a Small Business with Little to No Money for tips.

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          9. Avoid Get-Rich-Quick Scheme

          A millionaire holds patience as an essential virtue. It takes patience to become successful, not only in finance but in every aspect of life. While it is possible to become financially successful at an early age, most millionaires hit it at age 50. They live a moderate life, invest in their future and retire rich.

          Bonus: How to Develop the Millionaire Success Habits?

          Having learned these habits, the next question is,

          How can I develop the Millionaire Success habits?

          Here are six values you will need to develop:

          Establish Your Life Vision

          You need to be clear about what you want in life to set yourself for a life of success. Your vision has to go beyond becoming a millionaire to understanding why you want to become one. Any great entrepreneur you will ever find has a clear vision and an established mission.

          Understanding why you are doing what you do will drive you to become the kind of successful person you want to be.

          Make Your Passion a Profession

          When your passion becomes your profession, work becomes pleasurable. Loving what you do enables money to flow to you and through you.

          So what’s going to be? Wake up every morning by speaking positive words into your work, love what you do, and focus on the work that brings you joy.

          Take a look at this article and learn how to make it happen: 5 Steps To Turn Your Passion Into A Career

          Focus on Solution

          Focusing on the solution means establishing the problem that you or your business address. This will help you focus on the solutions when others are faced with challenges.

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          A millionaire has a mindset that is fixed on the solution. He or she knows there’s a way out, and that every problem is an opportunity in disguise.

          Improve your problem solving skills with these tips: 6 Effective Ways to Enhance Your Problem Solving Skills

          Develop Your Leadership Skills

          Leadership skills are an asset that is indispensable if you want to develop a millionaire success habit. The more you hone your leadership skills, the more you will attract leaders who share your values.

          Be Growth-Focused

          Millionaire entrepreneurs prioritize self-improvement. Here’s how to achieve it:

          • Get a coach. Coaching will impact your life, and you will achieve peak performance in life and business when you have a life coach.
          • Be coachable. It is not enough to have a coach; you must be coachable. Sometimes, you need feedback and counsel to reposition your life and business. A coach has the wisdom and experience to counsel you from a higher perspective. The more you receive feedback and work on yourself, the more you become better at what you do and who you are.

          Flip Your Thought Pattern From Acting To Being

          It is not enough to have a millionaire success habit, you must also become a person of positive influence. This is how you can become significant. Bill Gates is not only rich; he is changing lives in Africa and different parts of the world.

          If you want to become successful, you must first be and think like a successful person. This is how resources you need can flow into your life.

          Here’s a final thought from me:

          It is not enough to do something to have something; success is about being someone who possesses what is needed to take positive and inspired actions.

          More Success Habits

          Featured photo credit: Austin Distel via unsplash.com

          Reference

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