Personal Money Tips

If you think regular investment are boring, you might just want to
consider collectibles as a form of investment. I came across this
article about vintage guitars that are sold for thousands of dollars.
Apparently, baby boomers who lusted after these guitars when they  were
young are now snapping up such guitars, creating a market for them.
Check out the

One heirloom Gibson acoustic sold
for $10,000 at a Boston Vintage Guitar Show last year. An orginal
Fender guitar from the 1950’s can fetch upwards to $25,000 or more.
Good quality vintage guitars maintain their values and are sought after
by collectors throughout the world.

Sutton, MA (PRWEB) June 30,
2006 — New England based Guitarshows.com provides the public a face to
face venue for buying, selling and investing in vintage musical
instruments. Vintage guitar and music gear expos across the East coast
and New England provide passionate hobbyists an opportunity to buy,
sell or trade anything of musical value.

Technorati Tags: off beat investments, vintage guitars

I was just travelling about in my daily business activities, meeting clients etc and I noticed this recently. Around universities and colleges, business is brisk. Not all type but most. This is off course due to the high student population. Students nowadays have fairly high disposable income.

So, if you are providing computers peripherals and computer repairs, that’s a good business to be in. Besides that, food related business! People need to eat. Students even more. In between class, many hang out at cafe’s to chat, to study, to socialize etc.

Next, florist. This is the age when romance abounds. Nothing like a smitten guy to spend loads of cash to woo his potential partner. Besides new romances, Valentines Day will be a windfall for such a florist. What about birthdays, and prom night? All these will generate regular income as well as windfalls.

Car repairs and modification. Many students have cars today. They need servicing. Besides servicing, there is one industrial area which modifies cars. And …. yep … you can see students modifiying their cars. From the lowly Protons and get this, all the way up to Mitsubishi Evolutions and WRXs. Talk about having rich parents.

Now, make sure your business is in private colleges. This is where the kids with cash goes to. Nearer public universities, most likely the students are not that well off. Even then, rental properties, stationary and photocopying services are businesses you can consider.

Last, not forgeting mobiles phones and prepaid reloads. There you have it. Several ideas for you to make extra income.

Technorati Tags: rel="tag">Busines Ideas

I wrote in my last post, 3 ways to ensure your tax is filed properly in case of an audit. Besides the 3 tips I shared last week, here are a few more that is useful, especially for the small entreprenuer. For mid sized companies, you might not find the tips here all that useful because you are most likely already doing all of these tips below.

4. Scan your receipts.

Many shops today print out receipts on thermal paper. I guess that it is cheaper to maintain than traditional dot matrix type printers. If you have kept some receipts over some time, you’ll notice that they fade out. Better quality fax paper tend to retain the thermal images better but over 3 years, most will fade away.

So, besides photocopying these type of receipts, scanning them into you computer is another way to keep copies with generating additional paper, until you need it. By backing up your hard disk regularly, I think this is a better way. The downside to it, however, is that if you have a lot of receipts, then you might have to get a fast scanner, and someone to help you scan them in.

5. Get payment vouchers signed.

When you pay money out from your business, have the recipient of your money sign for the money they receive. This fulfils 2 purposes. One, they can’t say they have not receive payment from you. And two, you have proof that the money was really an expense item, not some fictitious payment that the tax authorities might question you.

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