End of the iPod empire?

http://news.bbc.co.uk/2/hi/technology/7813527.stm
The previous web address if for a BBC story on how itunes is now offering non-copyrighted music. I believe this will segway new competition in the highly competitive music player market. Part of the glory of the iPod besides its killer good looks and ease of use is the sole fact that itunes has the one of the worlds biggest music collections. itunes has always been known for its ease of use and exclusivity to the iPod. Now that itunes songs are unprotected I believe we may see more entries into the mobile music market; this may result in the downfall of the iPod. I doubt the iPod will go out of style any time soon; but as soon as another company can create a better player iPod's may not be as good as they once were.

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Okay so it has come to my attention...one of my viewers told me my blog was too formal. I will stick by my format of keeping it formal as it is a financial blog that i post on every day. However for anyone seeking less formal writing you can always check out my other blogs.

Falling energy prices

As many of us are aware oil prices have been plummeting since late October early November. I recently read an article on Yahoo Finance stating that falling energy prices could lead to higher gas taxes. This is not a post on financial freedom this is a rant. Almost every American that owns a vehicle remembers the gas prices during the summer. I believe the most I paid was $4.25 a gallon. The government knowing full well that the gas prices led to this recession have the nerve to raise the taxes, which in essence will raise the gasoline price again? I believe the taxes are ludicrous and if implemented many people will be feeling even more hardships than they are feeling now. I find it very hard to believe that raising fuel taxes is a good idea; Americans are suffering with the high cost of living without the proper raises in income. This is just my opinion though take it however you want.

Making money off the internet

Okay this is going to be a short post today. Some people don't know where to begin in order to make money off their website, or even how to start a website. Your first action is to buy a domain name from Yahoo. There are other sources but Yahoo is the most popular. Second it is good to take a local class on how to use HTML and how to create a website. Once you have this down, then you need to do research.

Student Financial Freedom

I recently took a trip to Boston for the New Year and noticed a few very important things. First was the fact that there were a lot of young people like myself; second was the diverse economic standing between the people there. While hanging out with my friends I realized that everyone there was young and ambitious. However how do you think many late teenagers and early 20 year olds make a lot of money? Well we do it from online business. I recently created my own business on the web which is now making positive profit after a very small time period. Online businesses are not for everyone though; I have recently sacrificed working any student job this winter in order to start mine. The opportunity cost for me was probably about $2,000-$3,000 (opportunity cost is the money you could have made if you did an alternate activity from the one you were doing, so in this case I would have made that money from working however I did not work). My business has an estimated $3,000 a month profit, and I am the only employee. Sure I could have worked very hard doing a student job, but now I am making a lot more money and I have a steady cash flow. I can get into how to start a business if anyone is interested. However it would take me a while to explain everything so I will not go into it now. Having multiple money sources is a great way to financial freedom at a young age; it’s not impossible to be wealthy and young. I have one philosophy that I follow, work hard party harder. I network like crazy now, the more people I know the more chance I have at success. Some students that I have observed do not have a large social network; they would rather study or hang out by themselves all the time. I constantly party and hang out with friends; this is the key to my success. I still maintain a high GPA don’t get me wrong, I think it is very important to study as well but if you find yourself only partying or studying it will be a lot harder to succeed.