People have all sorts of reasons for wanting to get their hands on some extra cash. Whether it’s to fund your next adventure or just to make day-to-day life that little bit easier, for every person you ask you’ll find a different answer. Their ways of finding said cash can differ just as much, but if they have the motivation and conviction to achieve a goal, usually people find a way.
There’s back breaking labour, over-time at work or any number of more ‘conventional’ jobs. However, more and more people are turning to various online methods which give them both freedom and returns. In an ideal world there would be low risk and high reward offerings available everywhere you look. That’s sadly not the case, although it’s not impossible.
After watching Wolf of Wall Street, we all got this crazy notion that trading the markets was for the glamorous high-rollers, and whilst what’s on offer in real life isn’t quite the same as what’s depicted by Hollywood, there are ways to turn them into your favour…..and tax free!
Spread betting is a good way of using the markets in your favour to try and have more success. Rather than the ‘will they win, won’t they win’ questions, you can cover a range and give yourself an extra chance to recoup and profit. When most of us are more attuned to the simple formulas and fractional odds it can seem a little bit daunting but, like anything, taking the time to research and learn the markets you’re trading in can often deliver good results. If you are interested, you can learn spread betting here, and from one of the industry’s most trusted companies no less.
What makes spread betting any more effective than other ways of trying to fill up those coffers? Well, depending on your motivation, there are a few factors.
- As most visitors of this site are likely to enjoy the freedom and life experience travel can bring, the ability to be able to trade anywhere and anytime will be appealing. In your apartment or a beachfront cafe in Phuket, wherever you have a connection you can use your skills to up your income.
- Any winnings are tax-free due to the gambling laws in force, and the fact that your profits are seen as just that, winnings. This means no capital gains tax or stamp duty. The main reason for this is because the government would leave themselves open to reimbursing losses if they were to garner tax from wins, and that’s not a risk they want to take.
- Another beauty is that you can use your existing knowledge to make yourself a more lucrative trader. Given the amount of things you can spread bet on, if you’re into sports, politics, currencies, commodities, stocks and many more areas, then you can leverage that knowledge to give you a better foresight and therefore help you to turn a profit. Of course you can opt to learn from scratch, too, or acquire a new interest. There are many ways to skin a cat, as the saying goes.
- Instead of just being able to profit when markets rise, you can also be on the positive end when they drop (though unfortunately someone has to lose out, such is life).
There are no guarantees and anybody trying to sell you a “Get Rich Quick” system that sounds too good to be true simply isn’t telling the truth, but some hard work and research can put you in a good position to start manipulating your freedom, both financially and physically, due to this avenue that more and more people are starting to pay attention to.