Making Your Fortune with Public Domain

Making Your Fortune With The Public Domain by Omar Johnson

Did you know that you could boost your income or even create an income just by utilizing the public domain? Maybe that term is vague or unfamiliar. Simply stated, the public domain refers to the status of certain types of creative material that may have once been copyrighted or patented. That material, though created by other people, belongs to the public. The 'public', which includes you, can then use this material in any way they see fit.



Some examples of material that could be in the public domain include music, books, audio recordings, artwork or unclassified material created by the U.S. Government. Yes! Even if the U.S. Government created it, you can use it to your benefit. That includes Government forms, white papers, photographs, broadcasts and other literature.



All of this material which may have been created by experts, professionals in their field, who pulled together years of struggle and research, now belongs to anyone who can put it to good use. It's a completely legal process that companies have used for years.



HOW MATERIAL BECOMES PART OF THE PUBLIC DOMAIN



Now don't think that if you spend years of research and labor to produce a book, a report or an audio recording, that it can just suddenly not belong to you anymore. There are ways to protect your material, but, of course, it is up to you to take the necessary actions to actually do it. Let's go through the different ways that material can become part of the public domain.



The first way something enters the public domain is by virtue of the fact that it was created by the U.S. Government. Though people sometimes get confused, it is the Government that works for the people and not the other way around. So when the Government conducts a study and publishes its findings, it's like telling an employee to gather information and report back to the company. The 'company' in this analogy is THE PUBLIC!



The second way a copyrighted or patented thing becomes part of the public domain is if the copyright or patent has already expired. Supposing a person creates something that can be copyrighted or patented, that ownership is for a limited period of time. For a copyright, the length of time is generally the duration of the author's life plus 70 years before it becomes part of the public domain.



A patent's lifespan is only 20 years, but it can be renewed. Also, material that was created before copyright laws were in place is now part of the public domain and that includes anything created before 1923. The bible and the inventions of Leonardo Da Vinci are therefore part of the public domain.



A third way material enters the public domain is if it is a fact. However, there is a stipulation. If you were to come up with a new mathematical formula, that would become part of the public domain. You can't own facts.



On the other hand, if you were to use that formula in conjunction with other formulas to create a new kind of computer program, that program could be owned by you, protected and, therefore, NOT enter the public domain. So facts belong to the public, but if you creatively organize and/or present those facts, that can be copyrighted or patented by you and thus would not enter the public domain.



You should now have a fair understanding of how material becomes part of the public domain. All you need to do is find it and use it creatively to profit from it. For instance, maybe you could take the inventions of Leonardo Da Vinci, recreate the blueprints and build a best-selling novel around them.



Perhaps you could search for and gather, Government Reports on a specific topic and then provide your own analysis on how to interpret them. Everyone knows Government documents can be difficult to understand! It's possible that some Government Studies support and give credibility to your business or invention.



In that case, publish the Studies on your website, in your newsletter or in a Press Release. Your options are unlimited in the ways you can use material found in the public domain to your benefit.



It's important to note that the copyright and patent laws can get extremely complex, therefore only use this information as a solid foundation. After all the technicalities of Law jargon, the U.S. Governments, all 50 State Governments, the European Union and other countries get factored in, it can quickly become an overwhelming task to understand it. That's why it's always a good idea to check with your local governing bodies to make sure you are following the law of the land.



Omar Johnson is author of the home study course "How to Make Money On the Internet While You are Asleep" Get your Free Report



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5 Reasons Why You Struggle Financially

Five Reasons Why You Struggle Financially
By Nadege Lewis

Many of us struggle to put our financial lives in order. Our money situation only seems to get worse with each passing day. The financial strain is unbearable and you finally decide that you are no longer desire to accept your circumstance as reality. Understanding the root causes of the problem is the first step towards improving. Here are the main reasons why your financial situation is not where it should be.

You have no idea where your money is going

The main reason why your paycheck has a lifespan of a fruit fly is not because of the amount of money you earn. A person can earn $10,000 a month but if they spend $10,100 a month, that person will be broke. This is the why we often hear the accounts of lottery winners losing all of their money in a relatively short amount of time. If you can not account for every dollar spent from your last paycheck, you are at risk of losing your hard earned cash on frivolous spending without even knowing what happened.

You do not put your money to work

Your money can work harder for you than you can work for your money. Unless you understand the way money works, you will continue to wonder why you can not accumulate wealth. Saving is a good thing, but investing your money is better. The absolute best thing you can do for your financial health is think your money as employees and make them work as hard as possible to bring more income for you.

You buy things you can not afford

When you make purchases with your credit card and fail to pay off the balance when it becomes due, you bought beyond what you could afford. The math is simple. One minus two equals to negative one. Financially sound people seek to obtain a positive net worth. As long as you continue to spend in a way that maintains your negative worth, you will struggle in your finances.

You do not plan for the future

Part of the reason we use credit cards is because we did not save for a rainy day or expected emergencies. Looking ahead is an important aspect of your financial health. A portion of the income you receive today should be allocated towards your future. Planning for your future will ensure that you do not have to struggle during your retirement. Planning for your future will ensure that you will even be able to retire.

You do have not financial goals

Without financial goals many of us remain in a cycle of struggling. Months, even years pass and we wonder why our money situation has not magically improved on its own. Goals are a key aspect of evolving financially. Your first goal should be write out measurable short and long-term objectives which will bring your finances to the next level. Goals keep us motivated. Without them, we wander aimlessly paycheck after paycheck without putting a purpose to our money. If our money does not have a purpose, we suffer the fate of having an ailing financial life.

These are five simple things that you should avoid doing when it comes to your money. If you are diligent to making sure that you abstain from committing these financial faux pas, you will begin to create new money habits. These habits are the foundation of wealth building that will positively impact your financial resources.

Nadege Lewis is dedicated to helping people learn fundamental principles that bring about financial freedom. Decide today to create Wealthy Habits that lead to financial freedom. Visit http://www.wealthyhabitsnow.com for free information that will change your financial life.

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Sell Your Structured Settlements

Sell Your Structured Settlements - Why, When and How!
By Hunt Robert

With a structured settlement, you do not simply get money at a regular interval to cover your basic living costs and other expenses like medical costs; you also have the option to sell the right at any point of time to get a lump sum amount to meet up sudden needs.

At the same time, you can also settle for periodic payment options to cover occasional costs like education, marriage if you have other means to support you in regular life. In reality, a structured settlement offers you enough flexibility to plan your income depending on your financial conditions.

To add to this, the amount you receive on a regular interval is completely free of federal or state tax. Whereas if you had taken a lump sum amount and invested them otherwise to earn a monthly income, you would have ended up in paying a big part of your earning as tax. For the last comment, we assume that the concerned person have invested the amount wisely.
These are reasons enough that people in general love to get a secured structured settlement instead of a onetime lump sum amount.

Nevertheless, here comes the crux – why, when and how do you sell your settlement in an urgent need! Say, you settled with your company for a monthly coverage option but all of a sudden, you got yourself deep in soup and needed some liquid cash urgently.
What would you do if you do not have any other option to support yourself with a lump sum amount! If this is not enough, you may find some people who sell their settlement to get lump sum amount to start their own business or to build their portfolio.
If there is no option left, you can sell the right of your structured settlement and Government allows you the provision to do so.

Many companies purchase the structured settlement rights at a discount price. The amount you can get depends on your attorney’s negotiation skills and market reputation of your previous employer and other conditions. Often the settlement purchaser demand for a higher discount rate not only to cover all the risks involved in the process but also to draw a bigger profit margin.
There is a common misconception that you must sell all the annuities at one go. However, here you have all the flexibilities to sell your annuities partially and thus you can sell only as much as needed to overcome the immediate expenditure. The rest can be left, as it is, to cover your regular expenditure.
The first thing you need to do is to hire a professional financial advisor and/or an attorney to get the best

deal for you. An attorney can guide you further through the legal procedures like court oversight, consumer protection statutes and legal approvals for selling structured settlements.

Robert W. Hunt is a financial advisor by profession. For more
information on structured settlements, he recommends you to visit http://www.structuredsettlements.bz

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Start Building Your Savings

Where To Start With Building Savings
By Jennifer Tannehill

When I began getting my finances in order, I couldn't wait to get started but I was perplexed. Where should I start? Some experts say, "Pay yourself first" meaning retirement, some say get your debt paid down, while other suggested beginning with an emergency fund. And, those are just the top three, there are many other schools of thought. I asked around. No one agreed on any one method. I read Suze Orman's new book Women and Money. It was a great book, but it could not answer this question to my satisfaction.

I did a lot of research on the net and I came up with my own plan. Here are the steps and my reason for putting them in the order that I did.

1. Start a small emergency fund. I will start by paying the minimums on my credit cards until I have socked away around $500 to $1000. I think this is the best first step because without some free flowing cash I will have no choice but to use plastic if I have any unexpected expenses. I am limiting it to just $1000 at most because I figure that would cover an ER visit, a replacement appliance, or car problems. I just hope I don't ever have all three at once!

2. Begin paying off the credit card debt. One note here, if you are already paying into retirement keep doing so unless you are not able to pay off your existing debt. In paying off debt, almost everyone agrees- you must pay more than the minimum balance due on your cards. However, there are two methods to choose from. The first is to pay off the card with the highest interest rate first. This makes sense because that is the one that will end up costing the most in finance charges. But, if you are anything like me, you like to see progress. Another way to go is to throw the most money at your smallest debt first. That way you see $0 balances sooner giving you a little pick-me-up on the long road to debt repayment. Whichever you choose, pay the minimums on all but the card you are trying to pay down first. Put more money toward that card, but once it is paid off keep putting the same amount toward your debt. In other words, if I am paying $200 on my high rate card and I pay it off, I am to put that money toward the next card. Then repeat the same process until all the debt is paid.

3. SAVE. It is a good rule of thumb to have several months of income saved up in the event that you are laid off, become ill, or cannot work for one reason or another. At this point you can start putting more money into your emergency fund. Once you have that built up, begin saving for retirement if you are not already doing so. How you choose to save is up to you. Step three really requires its own article. Briefly, if you get an employer match on your 401K at work fund it to get the full match, hey, that is FREE money. If you don't get a match or once you have funded up to the match, try to max out an IRA. The type and amount you can invest depend on your income and your age respectively.

I hope this has given you a starting point in getting your finances in order. When I began looking I just wanted a simple plan to follow. I ended up having to make my own. Try it, tweak it, but do something. The worst mistake you can make is to do nothing. Know that no matter where you begin, taking small steps toward dealing with debt and saving will eventually turn into a change for the good.

Jennifer Tannehill maintains a personal finance blog at http://picturewealth.blogspot.com
Please check it out!

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Building Wealth - Making Money

The Fastest Way to Build Wealth
By Luke Blaise

The fastest way to build wealth is to have a written plan. Many people wish they could increase their wealth but they stop there. Just by writing out your goals and plan on paper you make your dream more concrete.

If you don’t have written goals you need to start right now, especially when it comes to your personal wealth goals. It has been proven time and time again that people who have written goals achieve more than people who only have them in their minds.

To create your wealth plan you need to start off with where you are at. To figure out where you are at you need to know your net worth. Your net worth is just your assets minus your debts.

Next figure out what your goal is. If your goal is to get out of debt, set a specific timeline with specific steps needed to get out of debt. When I was in debt I bought a large dry erase board and wrote all my debts on it with the % interest.

Seeing it written everyday helps you stick with your plan. Now that I am out of debt I am trying to accelerate my wealth by trying to increase my income.

My written goal is to be financially independent by creating income equal to my salary at work. By knowing my goal I know how much income I need to create each day, and it seems much more manageable.

For example if you earn $40,000 a year you just need to earn $110 a day. When you break down large goals like that they seem very manageable.

Start right now by figuring out your personal wealth plan. You deserve the best that life has to offer. Remember life was not meant to be a barely get experience.

Acheive wealth easier:

Fierce Personal Finance

A free finacial ebook can be found here.

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