You could be £6,000 richer than you think
Earning money requires work, unless you win the lottery. However, you might be sitting on money you didn’t know you had.
You may not think it’s possible to forget about a pension or a savings account but surprisingly, it is more common than you imagine.
The British Bankers' Association estimates there is £850 million lying unclaimed in UK bank accounts.
You may have lost the paperwork to a policy or simply forgotten about a childhood savings account. After a significant period without any transactions, these accounts are classified as 'lost' or 'dormant'.
If you suspect you have unclaimed money, run a free search on mylostaccount to help you hunt down your cash. Alternatively, you could run a search on the Unclaimed Assets Register for a fee of £25.
The average successful search on the Unclaimed Assets Register is worth £6,000. With around one in 20 searches being successful, it could be worth a shot.
Time is running out, David Cameron plans to use money in dormant accounts to finance social enterprises, charities and voluntary groups.
Stock market
To play the market there are a number of things to consider before investing, such as whether to invest short-term or long-term, what products to choose and where to invest.
If your broker recommends a stock, ask for a detailed explanation and an analysis of its historical performance.
Know when to cut your losses. Even if you want to invest for the long term, you don't want to be stuck with a loser.
Invest in stocks that pay you dividends. These companies pay you money to simply own their stock. Not only will you gain residual income, the stock price could increase as well.
Stock options are a great way to increase your market value. You can increase your investment from a couple hundred to a few thousands in just one day.
Although it is a great way to make money, it is much riskier than just buying stocks outright.
Put together a great show
Anyone can take to the streets to put on a show but if your performance is finely tuned and tailored to a street audience you may be able to make some well earned cash. A good performance could earn you hundreds a day.
The ideal busking spot is quiet space with lots of foot traffic such as street corners, fairs and market squares.
Try to make each segment of your show more interesting than the next in order to keep your audience’s attention and attract more pedestrians.
These performances could be practice for your band or training as a magician, after all, busking is the showbiz equivalent to an internship.
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