Jul 21, 2008
A bit of positive news after last years shocking interest rate rise. Student loans may see the rate fall from currently 4.8% to 3.8%. Although not confirmed yet, it looks like it will fall. This is most likely to change in September.
But how is the rate calculated? Well the Government’s aim is to set the rate so it mirrors the rate of inflation. Therefore the money you borrow remains the same value. Or at least thats the plan, the problem, how do you calculate the rate of inflation? The two current methods are Retail Price Index (RPI) and Consumer Price Index (CPI). Before September 07 the rate was set by the CPI method, without going into the finer detail this gave the lowest rate of interest. But since September 07, RPI has been used. The difference is disgusting. For the year 06/07 the rate was 2.4% but this year it is 4.8%. Yep doubled. [Read more]
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Jul 16, 2008
Welcome to the eighth money making report, here’s the last one.
After blowing away the cob webs that were forming on this site, I found I haven’t written anything constructive since my last report. Disappointing, but I’m nearly ready to put some effort into this. Losing the internet for two weeks didn’t help my life. But it did at least allow me to get some work done on some web projects without distraction.
If I want to move forward I need some targets, to help motivate and focus my mind. So here’s my plan for the next year, from now.
- Complete web project A by end of July 08
- Complete web project B by end of September 08
- Complete web project C by end of October 08
- Complete web project D by end of December 08
- Complete web project E by end of March 09
- And Finally achieve revenue of £500 ($1000) per month by July 09.
By revenue I mean my income from my activities online only. This is only a skeleton plan but hopefully I will add some fine detail to this over the coming months ahead. It’s a start and I hope not too ambitious.
Right to the important stats for the month since the last report… [Read more]
Jun 29, 2008
Welcome to the seventh money making report, here’s the last one.
Yep I’m a bit late, this report is from the middle of May to mid June. Exams have now finished, I’ve had a brief holiday before getting back into the swing of things. At least the summer should give me the time and opportunities to develop this blog as well as my other web projects I’m currently working on.
I have received my first and second payment matched.co.uk, both falling within this months report. Amazon has yet to return to any of my projects. About 7 projects are currently occupying my mind at the moment, from web hosting to a web community site.
But now lets see whats been happening… [Read more]
