Jean Galea | Health, Wealth & Happiness

How to Make Money With Your Phone in 1 Hour

Published: December 04, 2020Leave a Comment

This year has ruined a lot of household incomes, but did you know it is possible to make money with your phone in just one hour?

Potentially vital for those who do not have a lot of spare time but still need to make some extra cash, this could be particularly useful for parents who are looking after kids at home.

Being able to pick up some additional money through a simple smartphone is a great option for anyone who finds themselves struggling for cash at this difficult time.

Here are some of the best ways to make money with your phone in a short period.

Sell your old stuff

Perhaps the easiest way to raise quick cash is to sell unwanted items from around your home.

There are a variety of services to do this, from general auction websites like eBay to more specialist options such as Decluttr, where users can cash in on unwanted tech such as cell phones, as well as CDs, DVDs, games and books.

Over $300 million has been paid out by Decluttr to more than six million customers, so this is certainly a good road to go down, especially if you want to free up some space.

If you are looking to clear out a wardrobe heading into the winter then fashion selling site Depop is another good way to drum up some extra cash at what is a testing time financially.

Use online casino bonuses and promotions

Gambling might not seem the most sensible way to try to make money compared to investing, for example, but there are a number of ways it is possible to reduce the risk of losing cash.

Almost every online casino nowadays has a welcome bonus to tempt people into signing up for an account. With so much competition across the industry, the offers keep getting more generous and for some of them, players do not even need to make a deposit of their own cash.

No deposit bonuses keep getting more common, with plenty of great options out there. Many promotions include free spins too, which could be a good option for those who are new to playing at online casinos, especially as it is not necessary to risk any real money on games.

Some casinos are even offering an unlimited match bonus so there is money to be made in quick fashion through a phone, though it is important to keep in mind the terms and conditions of such promotions. Wagering requirements – which means the bonus money has to be bet a certain number of times before it is unlocked – can make or break such welcome bonuses.

Do mobile surveys

It might not be a whole lot of fun, but mobile surveys can definitely be a handy little earner.

Sites such as iPoll are available throughout the world and they may even offer a small sign-up bonus, so this is a bit of a no-brainer for anyone finding themselves short of a bit of cash. A top alternative is Swagbucks, which has paid out around $200 million in cash and free gift cards.

The benefit of doing mobile surveys to make cash is it is completely flexible. People can log in at any time and find surveys that pay out either in cash or gift cards. Some are a lot more lucrative than others, though there is a risk of being screened out that must be taken into account as well.

It is unlikely to be able to make a consistent income through mobile surveys, but those hunting for a way to supplement their income should certainly consider this as a strong option.

Get paid to browse the web

A lot of us already spend hours a day browsing online via a phone, but there is a way to turn this time-killing into money.

The InboxDollars search engine is one such way to get paid to browse the web, while Fronto is an app that lets users earn PayPal cash by watching videos, plus reading news articles.

Those who shop online can also earn cash back through options like Shopkick, which has free gift cards up for grabs for spending cash at outlets including Target, Walmart and Best Buy.

Reward points – which are known as kicks on Shopkick – can even be earned simply by visiting online partners, with no need to spend money.

It is unlikely anyone will make a fortune through the above options, but they can all help to bring in a little extra money – and it all mounts up.

Reinvest24 Secondary Market Overview – How to Get 24% ROI

Published: December 04, 2020Leave a Comment

On the 19th of November 2020, Reinvest24 launched its secondary market. I had a chance to test it before it was officially launched and also to benefit from the first deals when it went live.

Today I have prepared an overview of this new feature, explaining how it works and how you can use it for your benefit.

What is Reinvest24?

In case you are new to my blog and wondering what Reinvest24 is – it is a real estate crowdfunding platform that currently specializes in financing real estate and development projects. Besides, it is one of my favorite real estate crowdfunding platforms.

There are 2 ways your investment is working for you and both are happening at the same time:

You get an instant income from the cash flow the property is generating, which is being regularly transferred to your account.
You benefit from the increase in the value of the property. You get this money right after you sell your shares.

Read my Reinvest24 review and learn more about how you can start earning up to 15% by investing in real estate projects.

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Coffee – Why and How I Drink It

Published: December 03, 2020Leave a Comment

Growing up in Malta, I used to drink Nescafe instant coffee, which is pretty low-quality stuff, but that’s what was popular at the time. I used to add milk to it and probably go through a whole pack of sugar-loaded Italian biscuits. Not the healthiest point in my life for sure.

Up until my twenties, coffee wasn’t a really big thing for me. I believe it was when I went to live in Chiang Mai that I really got hooked on it. Thailand and Chiang Mai in particular has a very strong coffee culture, and they have amazing coffee and baristas.

I started to educate myself about coffee, and eventually learned that many Italians carry a Moka pot wherever they go for their morning coffee fix. I adopted the habit and the Moka pot became my brewing method of choice for my daily coffees. I also bought a french press around that time, and I use that one when I want a bigger cup of coffee that I can sip on slowly while working.

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How to Turn Your Crypto Losses into Tax Savings

Published: December 01, 2020Leave a Comment

Before we start – the usual disclaimer that this should not be taken as tax advice. Always consult a qualified tax lawyer or consultant before you take tax-related financial decisions.

If you bought Bitcoin and other cryptos when their prices were high and were forced to sell for a loss, there’s a silver lining: these losses could place you in a lower tax bracket. What’s more, claiming those losses is easier than you might assume. Read on to find out everything you need to know about how to file your crypto losses.

Filing Your Crypto Taxes 101: How Does it Work?

For the purposes of taxation, the US and most other governments consider cryptocurrencies to be assets. This means that whenever you trade cryptocurrency, the transaction falls into one of two categories: a capital gain or a capital loss.

Capital gain. A capital gain occurs when you sell cryptocurrency for more than the amount that you paid to purchase it.
Capital loss. If you sell cryptocurrency for less than the amount that you paid for it, this is considered to be a capital loss.

You have to sell or buy an asset to trigger a taxable gain or loss. Once you decide to make a move, tax authorities consider the loss to be “realized.” If your loss is great enough, you may be able to use it to enter a lower tax bracket.

Deducting Your Crypto Losses

One of the biggest benefits of claiming a loss is that you can offset income gained from other sources.

In the US, the IRS lets you deduct up to $3,000 worth of net capital losses each year from the amount of money you’ve earned at your day job. If the amount you lost was greater than $3,000, you can get another deduction of up to $3,000 when you file your taxes next year.

If you currently make just over $50,000 per year at your job, that $3,000 cryptocurrency loss could place you in a lower tax bracket. This could result in significant tax savings.

What’s more, if you’ve earned some income through stocks or through the sale of property, there’s no limit to the amount you can deduct from those revenues.

Here’s Where It Gets Complicated…

Figuring out how much you’ve made or lost can be a headache, particularly if you haven’t been keeping track of your purchases or if you placed a huge amount of trade orders last year. Fortunately, there is software available that can crunch all your crypto tax data for you.

The tool depicted below, called CoinTracking.info, can import your transactions from all your cryptocurrency wallets and exchanges. The interface walks you through how to do the imports.

At the end of the import process, you can download IRS form 8949. This is the form you need to submit to report your loss.

Other download options include CSV, TaxACT and TurboTax.

Conclusion

If you lost money in crypto markets, you may be able to offset some– or perhaps even all– of those losses at tax time. Reporting your capital losses might help you move to a lower tax bracket. If your deductions qualify you for a lower bracket, filing them could save you thousands of dollars when you submit. Visit CoinTracking.info for more information.

There are of course other software alternatives to CoinTracking, although the latter is one of the earliest and most reliable ones. Read my article about crypto tax preparation tools for more information.