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الجمعة، 31 يوليو 2015

The Beginner’s Guide to Technical SEO

Did that title scare you?

I’m not sure what it is, but as soon as people see the word “technical,” they start to get squeamish.

In this case, technical SEO just refers to any SEO work that is done aside from the content. Essentially, it’s laying a strong foundation to give your content the best chance it can have to rank for relevant keywords and phrases.

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Just like they have for on-page SEO, technical aspects of SEO have changed as search engines have become more sophisticated.

While there isn’t much you can do to “game” search engines from a technical standpoint, there are some new factors in 2015 that you need to consider if you want to improve your or your clients’ rankings.

If I were to cover this subject in depth, I would have to create another advanced guide.

Instead, I’ll go over the most important aspects of technical SEO from a beginner’s perspective as well as give you a few specific tactics and next steps to fix common problems in each area. 

To get fast rankings, you need a fast site

This fact isn’t new: if your website loads slowly, a large portion of visitors will quickly leave.

What you need to know from an SEO standpoint is that a slow website can harm you in two ways.

First, site speed is one of Google’s ranking factors. First announced in 2010, it started to affect a small number of rankings at that point. We now know, the “time-to-first-byte” (TTFB) correlates highly with rankings.

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TTFB is exactly what the name suggests: the amount of time needed for a browser to load the first byte of your web page’s data.

If that was the whole story, we’d only focus on improving TTFB. But there’s more.

We also know that 40% of people will close a website if it takes longer than 3 seconds to load. Further, 47% of polled consumers expect a page to load within 2 seconds.

Google may not take total page speed into account, but users do. Even if your TTFB is good, if it takes 3-4 seconds for your full page to load, many visitors will leave without waiting.

The worst part is that they’ll click the “back” button and choose a different search result.

This is known as “pogo-sticking,” and it’s one of the most important signs that a user isn’t satisfied.

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If it happens too often, your rankings will drop in favor of a competing search result that doesn’t have the same issues.

Finally, while it isn’t a strictly SEO point, consider that just a one-second delay in loading time can cause conversions to drop by 7%. Even if site speed didn’t affect search rankings, you’d still want to optimize it.

Not all site speed problems are of equal importance: While there are hundreds of factors that affect site speed, some are much more common than others.

Zoompf analyzed the top 1,000 Alexa-ranked sites for site speed and found that the following four problems were the most common (in order from most to least):

  1. unoptimized images
  2. content served without HTTP compression
  3. too many CSS image requests (not using sprites)
  4. no caching information (expires header)

Keep in mind that the sites in that analysis were some of the best on the web. They fixed many basic problems that may affect you, especially if you use WordPress:

  • excessive plugin use
  • not using a CDN for static files
  • a slow web host

Don’t guess your site speed problems; diagnose: You very well may have one of those issues that I just listed, but first, you need to confirm them.

There are a lot of great tools out there, but I always recommend starting with Google’s PageSpeed Insights tool. Enter a URL, and let the tool do its thing:

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Any score above 80 is decent. That being said, higher is better, and improving Quick Sprout’s speed is on my long list of things to do.

If you’d like a second opinion, use a tool such as GTmetrix.

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Notice that some tools will give you different scores. That’s because they weigh problems differently.

The following are the two most important things you need to ensure: that (1) your page loads quickly (under 2 seconds) and (2) your page is as small as possible with the least number of requests.

The Google tool is the simplest and a good place to start. It will give you the most important issues to fix (in red). Fix the orange ones if possible, but they don’t usually cause too much of a slowdown in your loading speed.

I do recommend using another tool to get more details. With GTmetrix as an example, you can click on the “waterfall” tab to see the exact amount of time each request took to fulfill.

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This lets you see if your hosting isn’t up to par (a lot of waiting) or if one request on your page is taking way longer than another.

Once you know what your problems are, fix them. As I said before, there’s no way I can go into everything in this guide, but I’ll show you what to do if you have some common problems.

Start with your images: If you do nothing else, compress them. Most types of images have unnecessary metadata that take up space, which can be deleted without causing any harm.

Use a tool such as Optimizilla to compress pictures beforehand, or use a plugin such as WP Smush to compress any pictures you upload to WordPress automatically.

In addition, pick your file size carefully. JPEG files are usually smaller once compressed although not as high quality as PNG files. If possible, use vector images (SVG is the most popular format), which can scale to any dimension with no loss of quality.

Next up: Combine images into sprites.

A “sprite” is simply an image file that contains many small images. Instead of having to make a separate request for each image, you only have to get the one. Then, you use CSS to tell the browser which area of that image to use.

Sprites should include often used images such as navigation icons and logos.

Here is a complete guide to CSS sprites if you’d like to do it manually.

An easier way to accomplish this is to use an online sprite creator. Here is how to use it: create a new sprite, then drag as many appropriate pictures as you can onto the canvas:

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Next, download your sprite (button at the top), and upload it to your site. It’s much easier than coding it from scratch.

I’ve also collected some of the best guides to other common problems:

You don’t have to fix 100% of the problems that tools highlight, but be careful when you ignore one. Just because one page may have a fast loading speed doesn’t mean that all your pages do.

I suggest testing at least 10 pages across your site, preferably the ones that are the longest or largest (with the most images usually).

How do mobile visitors see your site?

The biggest recent changes to technical SEO have revolved around increasing the importance of mobile friendliness.

On April 21, 2015, Google released the “mobilegeddon” update. While it was hyped up as a huge update, it only had a slightly higher impact on rankings than normal:

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But don’t dismiss it: Google has made its opinion on the importance of mobile-friendly content very clear. And this is just the first update of more to come; think of it as a warning shot.

The good news is that even if you lose some rankings, it’s not a permanent or even long-term penalty once you fix it:

“If your site’s pages aren’t mobile-friendly, there may be a significant decrease in mobile traffic from Google Search. But have no fear, once your site becomes mobile-friendly, we will automatically re-process (i.e., crawl and index) your pages.”

Test your website’s mobile friendliness: The first and last place you need to test your site is on Google’s mobile friendly checker tool. Enter your URL, and the tool will show you exactly what Google thinks of your page:

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Additionally, you can check all the pages of a verified website in Search Console (formerly Webmaster Tools) by navigating to “Search Traffic > Mobile Usability.”

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In a perfect world, you’ll have no errors either way.

However, most sites do have mobile issues. In fact, 44% of Fortune 500 company websites are not mobile-friendly.

So if your site is not currently mobile-friendly, you are not alone. But, it’s something you should fix as soon as possible.

To start with, you can choose from three different approaches to mobile-friendly design.

Approach #1 – Responsive design: This is the best option in the vast majority of cases. A responsive design shrinks and expands according to the visitor’s device.

Instead of setting widths for elements, you set a percentage.

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For example, this is non-responsive CSS:

#body {

width: 600px;

}

It could be rewritten for a responsive site as:

#body {

width: 50%;

}

With this responsive code, the body section will always take up half of the visitor’s screen, regardless whether they use a phone or laptop.

Although those simple changes solve most of the problems, there is more to mobile design.

You can also use media queries so that you have different CSS values, depending on the screen size.

For example:

@media screen and (min-width: 600px) { CSS code here… }

The CSS you enter there will only be active when the screen is at least 600 pixels wide.

To learn more, read this guide on responsive design.

Approach #2 – Separate URLs for desktop and mobile visitors: This method has mostly died out in favor of responsive design.

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This approach involves creating at least two different versions of each page of your website: a mobile one and a non-mobile one.

If the functionality of your website changes a lot depending on the size of the screen, this can be a good option.

But for most sites, it doesn’t make sense. Not only do you have twice as many web pages to update but you also face so many sizes of phones, tablets, and laptops that responsive design usually makes more sense.

Approach # 3 – Serve different content based on the visitor’s device: Finally, you can have a single URL for each page, but first check for a mobile user agent. If a visitor is on a mobile device, you can load a specific page, but if they aren’t, you can load the default page.

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It’s similar to Approach #2 in that you’ll have to code for two different pages. The one upside is that all backlinks will point to a single URL, which will help content rank better.

Common mobile design mistakes: Making a site mobile-friendly really isn’t that hard. In most cases, it’s much easier than optimizing page load speed.

That being said, there are seven fairly common mistakes to keep an eye out for:

  1. Blocked JavaScript, CSS, and image files: access is controlled by your robots.txt file (more on that later).
  2. Unplayable content: don’t use flash videos, which aren’t playable on many mobile devices. HTML5 videos are a better option.
  3. Faulty redirects: don’t just redirect mobile users to your home page. Redirect them to an equivalent page they were looking for.

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4. Mobile-only 404s: if you’re serving dynamic (separate) URLs, make sure they both work.

5. Avoid interstitials and pop-ups: Pop-ups are always a controversial subject. While they’re annoying to some on desktops/laptops, they are much more annoying and often difficult to close on mobile. If you can, don’t have anything that blocks your content on a mobile device:

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6. Irrelevant cross-links: If you have a separate mobile version of your site, always link within that. Don’t make the mistake of linking to a desktop site page from the mobile site.

7. Slow mobile pages: Remember that most mobile users are on a slower connection than desktop users. This makes optimizing your load speed crucial (see above section).

A strong site architecture will get you noticed

Google sends its search spiders to almost every website on a regular basis. However, the spiders need help to discover new pages or updated pages.

Having a clear and simple site architecture will help your pages get indexed and ranked faster. This isn’t new. All the rules and best practices in 2015 are the same as they have been for years. However, this is really important, so don’t skip it just because you haven’t heard news of a new algorithm.

There are four main components to creating a site that Google loves to crawl:

Step 1 – Create HTML and XML sitemaps: It starts with a sitemap that lists URLs on your site. This is the most basic way to direct spiders.

There are two types of sitemaps: HTML and XML.

HTML sitemaps are designed for humans, but search spiders can also use them to find pages on your site. These are typically linked to in the footer of your website, so the links don’t have to be prominent.

An XML sitemap, on the other hand, is essentially a text file with one URL per link. Humans shouldn’t see this—only search spiders. If you have an especially large site, you’ll need more than one XML sitemap. A single sitemap can’t be more than 50,000 URLs of 50MB.

You can (and should) also make separate sitemaps for each type of content (video, images, articles, etc.).

While you can have both, you need at least an XML sitemap. It will serve as the starting point for most spiders.

You have a few options to create your sitemap. First, you can use the Bing plugin to generate a server side sitemap.

The most popular option is to use a WordPress plugin to automatically create and update your sitemap. You can either use a specialized plugin like Google XML sitemap or use Yoast’s all-in-one SEO plugin, which has the option to create a sitemap.

Next, submit your sitemap in both Google Search Console and Bing Webmaster Tools.

In Google Search Console, go to “Crawl > Sitemaps,” and add all your sitemaps (one at a time), using the “Add/Test Sitemap” button in the top right.

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Similarly, in Bing, go to the “Sitemaps” navigation section, and enter your sitemap(s):

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Here’s the part that most site owners forget: you also have to add sitemap locations to your robots.txt file. This tells other spiders where to check. Plus, Google would check there if for some reason it had problems with your submission.

Your robots.txt file should include a section like this, with a line for each sitemap:

User-agent: *

Sitemap: http://ift.tt/1MC0eHl

Sitemap: http://ift.tt/1MC0dU2

You can even look at Google’s own robots.txt to see its sitemaps:

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Step 2 – Silo content as much as possible: Another major way Google uses to crawl sites is to follow internal links. In addition, this is partly how it assigns relevance to a page and website.

Siloing involves breaking up your content into different categories. For example, since the Crazy Egg blog covers conversion optimization, email marketing, etc., there are different categories for each:

  • http://ift.tt/1cDVhrz
  • http://ift.tt/1d4uhSh
  • http://ift.tt/JaTJ0f
  • http://ift.tt/1MXzZbo

Each category page links to the posts in that category. The point of this is so that Google’s spiders could land on the homepage (or any post), navigate to a category, and then visit all the most recent posts on the category page.

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Because of this, no post is more than a few clicks away.

Of course, there’s a problem when your site gets too big or you sell too many products as you can only fit so many per page.

You still want all parts of your website to be within 3-4 clicks of each other to ensure they get crawled. The most popular option is faceted navigation, which lets you filter results:

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The right filters can take millions of results down to several in just a few clicks.

I also talked about one other bonus of having a simple site architecture. With a silo structure, it’s clearer to search engines what your site is about.

Instead of having a bunch of posts and pages on your website in no particular order, arrange them all in categories to make it clear to search spiders which content goes together:

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One of Google’s main goals is to provide the most relevant results. The easier it can determine the topics you write about, the more search traffic you will get.

Step 3 – Get rid of crawl errors: The final part of optimizing your site for crawling is to get rid of anything that prevents Google from identifying or crawling your website.

Head over to Search Console, and navigate to “Crawl > Crawl errors”.

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If you have a large site, you might see thousands of errors if you haven’t addressed them. That’s okay—you can often fix large batches at the same time. Here is a complete guide to fixing common crawl errors.

Stop confusing search engines

Redirects are necessary to keep any site up to date, but you need to do it the right way.

Use the wrong codes, and it will not only hurt your visitors but also affect your search engine rankings. I’ll explain how in a moment.

A brief overview of page redirects: There are many good reasons to redirect a page. It’s usually because there is an updated version of it or you no longer cover that exact topic but would like to preserve some “link juice.”

There are two popular types of redirects:

  • 301: a permanent redirect
  • 302: a temporary redirect

When you tell a search engine that a page has permanently been moved to a new URL (301), it will transfer most of the old page’s authority to the new one (90-99%).

However, if you do a 302 redirect, the search engine knows that the redirect will be gone soon and won’t transfer the authority of the original page over. If the redirect stays in place long enough, you will lose at least part of your traffic (usually).

Simple rule: If you no longer need a page, create a 301 redirect to an updated page.

The file not found page (404 error): Another common browser code is the 404 code, which means the page could not be found.

It’s important to create a custom 404 page even if it’s simple. If not, it’ll look like this to your visitors:

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Most visitors will obviously close the page or return back to where they were.

Instead, creating a custom 404 page, like this one on Quick Sprout, can invite a lost visitor in:

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Just below that llama, there are two clear links to important parts of the site. While some visitors will still leave, many will explore, which is great.

There are a few different situations where a 404 error will come up:

  • You moved a page: You should 301 redirect the old page to the new one (it’s easy to forget).
  • Someone linked to an incorrect URL: Either 301 redirect that URL to the correct one (if the link is strong), or create a custom 404 page.
  • You deleted a page: Redirect it if it has links pointing to it (or significant traffic) and you have another highly relevant page to redirect to. Or just have it go to your custom 404 page.

The easiest way to find 404 pages on your site is with Search Console.

Once in your Search Console, navigate to “Crawl > Crawl Errors.”

This time, we’re specifically looking for “not found” pages:

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The most useful thing here is that you can click any of these individual URLs. When you do, a pop-up will appear with more details. There’s also a “linked from” tab so you can see which pages link to it (you could correct any incorrect internal links).

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Fix the link on those pages, and then mark the problem as fixed.

Another option is to use Ahrefs to find broken links. This is probably the best tool you can use for this in order to correct off-page links (controlled by someone else).

Type in your site in the search bar, then highlight the “Inbound Links” dropdown menu, and click on “Broken Backlinks.”

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You’ll get a list of all the sites linking to your main domain, but with links that result in a 404 error. Usually this is because the other party made a typo.

If the link is strong enough, you can go to the linking page, find contact information, and give them the correct URL to replace it with.

Or, as I said earlier, you can 301 redirect the broken URL to the right one, which will preserve some link juice.

Get rid of thin or duplicate content

Pandas aren’t just adorable animals—they are also one of Google’s most famous algorithm updates.

The first Panda update was in 2011, which affected 11.8% of queries (huge). After that, there were a total of 26 more Panda updates in the following three years.

The Panda update was targeting low quality or duplicate content. Sites that had big issues were punished severely.

Curiously, there hasn’t been a Panda update since September 23, 2014 (as of July 2015). I’m not sure if we’ll ever see one again.

Why? Recently, Google released a “phantom” update. This update involved Google changing its core quality algorithm. There’s a chance that it incorporates part or all of Panda. After all, Panda was a filter that had to be run periodically. Google would rather be able to monitor quality constantly.

So that’s where we are now: Google is getting better and better at detecting duplicate content, and you will lose search traffic if you have a significant amount of it.

Duplicate content is bad for visitors, which is why search engines don’t like it. In addition, it can confuse search engines because they don’t know which page is most relevant.

Note: Even if you don’t get a penalty, you can still lose traffic.

Luckily, it’s pretty easy to take action to protect yourself against being penalized for duplicate content.

Step 1 – Find duplicate content: It’s pretty simple to find any pages with duplicate content. As is often the case, Google Search Console is the best place to start. Go to “Search appearance > HTML improvements” to see if you have any issues:

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Click the number to see specific cases of duplicate content.

Alternatively, you can use a tool such as Siteliner. Enter your domain, and the tool will find any duplicate content, plus sort it by percent match:

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Note that the free version only covers 250 URLs, so large sites will have to either upgrade or rely on Google Search Console.

Step 2 – Get rid of duplicate content issues: There are three main ways in which you can solve your problems:

  1. Delete the duplicate content
  2. Add a canonical URL to each version
  3. Reduce the amount of duplicate content

The first solution is trivial—implement it if you can.

Mostly, duplicate content issues are caused by URL parameters. For example, visitors could get to the exact same page with the following URLs:

  • http://ift.tt/1CkULlc
  • http://ift.tt/1MC0eY7
  • http://ift.tt/1MXzZrW

If all pages are indexed, they will be considered duplicate content. Your only option here is to include a canonical link on the page, if you haven’t already.

A canonical link tells Google that you realize there are similar pages on your site, but there is one preferred version that is the best version for readers to go to.

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On this page, I have a canonical link to the original URL. Even if a visitor comes to the page with the parameters in their link, that same canonical will tell Google what it needs to know.

Finally, if you’re getting duplicate content errors because of your “read more” descriptions, you can reduce the number of words you show on your blog and category pages. Alternatively, write a custom description for each.

Describe your content like a pro with structured data

Modern search engines are pretty good at putting together what your page is about just by looking at the on-page content. However, you can make it even easier for them by using structured data markup.

While there are multiple libraries you can use, stick to schema.org, which is a project created by all the major search engines.

Structured data isn’t new, but it’s still heavily underutilized. Usually, it’s because an SEO hears the term and gets squeamish, just like with “technical” SEO.

It’s actually really simple, and I’ll show you how to use it for your site in this section.

What schema is – the simple version: The schema vocabulary is just a way of describing content to search engines. You can insert schema terms into your existing HTML.

While Google doesn’t use schema markup as a direct ranking factor, it can use it to help categorize a page and to create rich snippets.

Rich snippets are those things you see in certain searches, e.g., star ratings, pictures, and anything else besides the plain text:

Rich snippets can affect your search rankings. They almost always the increase click through rate, which could tell Google that your page is more important than the surrounding results, leading to more traffic and better rankings.

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You can add schema terms to existing HTML code to describe a section of content. For example, the following common term—“itemscope”—tells search engines that the entire “div” section is about the same topic:

<div itemscope>

<h1>Avatar</h1>

<span>Director: James Cameron (born August 16, 1954) </span>

<span>Science fiction</span>

<a href=”../movies/avatar-theatrical-trailer.html”>Trailer</a>

</div>

But there are thousands of other terms you can use. Here’s the full list.

Knowing which ones you’ll use most often takes time to learn. Instead of looking through that colossal list, you can use Google’s markup helper. It takes you through the process step-by-step for the URL you enter. You simply highlight text on the page, which will automatically open a small menu, and then pick which attribute the text describes:

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There are only a few steps to the process. At the end, you can view the structured data incorporated into your page’s source code with the changes highlighted:

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From there, you can either manually copy and paste the changes onto your page or click the download button to download the entire page code.

If you’re using WordPress, you could also use the Schema Creator plugin by Raven. It allows you to type in a limited number of important schema values into the WordPress page editor.

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Whether or not your code is generated by Google, it’s still a good idea to test the code. Copy the entire code into the structured data testing tool, and click “validate” to see if there are any errors:

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Conclusion

Ever wonder how some SEOs charge tens of thousands of dollars per month for their services?

This is why. Consider that this is just a beginner’s guide to technical SEO, and we haven’t really scratched the surface.

Expert SEOs learn as much as they can about all these individual elements and practice their skills for years to master them.

For now, you don’t need to do that. Instead, pick one or two of these technical SEO aspects. Then, see how they apply to your site, and fix any errors. Track your work and the results so you can quantify how much the mistakes hurt you.

I realize that there are some fairly complicated topics in this article, so if you need any clarification or you have some experience with technical SEO that you’d like to share, leave a comment below.



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Report Pegs “Click-To-Call Commerce” At More Than $1 Trillion Annually

A new report from Marchex, based on an analysis of millions of calls and using ad-spending data from Google and call growth projections from BIA/Kelsey, argues that mobile “click-to-call commerce” is worth more than $1 trillion today. Previously Marchex estimated that advertisers spend...

Please visit Marketing Land for the full article.


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The Money Onion: Peeling Back the Layers of Personal Finance Success

monion

At the outer layers, money appears to be at the center of everything. But the true core of personal finance has little to do with money at all. Photo: Phil Long/TSD Illustration

One of the most interesting things I’ve found over the years of working on The Simple Dollar, charting my own financial progress and changes, and talking with countless readers is that personal finance is a lot like an onion.

An onion? Yep.

It’s like an onion in that it’s made up of a bunch of layers that aren’t really very transparent. You know what’s underneath them on some level, but it takes time to really understand each level and incorporate it into your life.

Here, I’m going to summarize some of the layers of the onion so that you can get a good idea of what I’m talking about.

The First Layer: Debt Is Bad, Savings Is Good

This is the level on which many people who are really struggling with their money see their finances. They understand that debt is bad and that saving money is good, but when it comes to the things they want in their life, this seems secondary. Isn’t it much better to just spend that money on stuff that you want? A big house? A lot of stuff to fill it? A shiny car in the driveway?

The basic ideas of personal finance – spend less than you earn, avoid debt with high interest rates, try to save some of the money you make – are actually pretty obvious. Everyone understands those ideas on some level, but they don’t put them into practice.

Why? They don’t really see the connection between their day-to-day behavior and the mountain of debt and the lack of savings that they have.

Sure, they understand the idea, but it’s not incorporated in their life in any way. It’s like a fact that they know, not one that really matters when it comes to their behavior.

Let’s peel back a little bit more.

The Second Layer: Your Choices Create Both Debt and Savings

The next layer of realization is when people begin to realize that the things that they spend money on create both debt and savings. The more money you spend on stuff, the less savings you’ll have and, if you spend too much, the more debt you’ll have. The less money you spend on stuff, the more savings you’ll have and the less debt you’ll have.

In other words, the little choices you make every day are the determining factor in whether you have debts or savings – and how much of each you have.

Whenever you buy anything, you reduce your potential savings. If you’re in debt, you effectively increase your debt, too, because that money isn’t going into savings or toward your debt.

This goes from the big purchases, like cars and so on, down to the tiniest purchases, like a bottle of soda at the gas station. Each one of those purchases – each one of those choices – has an impact. Whenever you choose to spend – and whenever you choose to spend less or not to spend at all – you shape whether or not you have debt and whether you have savings.

Let’s peel back a little bit more.

The Third Layer: Much of the Stuff You Buy Doesn’t Create Lasting Joy

The counterargument against cutting back on non-essential purchases is that doing so removes the pleasure from life. I’m adamantly opposed to doing that. If a purchase brings genuine, lasting pleasure in your life, you shouldn’t cut it.

The catch is that the vast majority of purchases people make do not bring lasting joy. They bring a little short-term burst of pleasure, but lasting joy? It’s actually pretty rare for that to be the outcome of spending your money.

I went out for dinner last night. The dinner was good – it was pleasurable – but the pleasure of it is already fading away. It was expensive and it didn’t create lasting joy and it won’t be long before I’ll either forget it entirely or regret the expense. On the other hand, my most memorable meal of the last year was one where I ate with an old friend. It did create lasting joy – a meal that we still talk about that reconnected me to an old friend.

If you’re going to spend money on something that isn’t essential, why not spend it on something that has a very high chance of creating lasting joy in your life?

For me, one powerful way to do that was to eliminate my debts and have some money in the bank, because the stress that it eliminated and the small sense of security that it created did in fact bring me lasting joy, joy that lasts to this day.

Beyond that, there are a handful of things in my house that I’ve bought that have brought me lasting joy. Most of them? Maybe I thought they would and they didn’t, but in truth most of them were purchased without even thinking about the question, and now I regret it. That money went away from something that would bring me lasting joy (financial independence) into something that doesn’t (many of the items in my home).

Let’s peel back a little bit more.

The Fourth Layer: Money Can Buy Time

Most of the things that bring lasting joy in my life require the contribution of time to bring that joy. My relationship with my wife is joyful because I invested time into that relationship. My relationship with my children is joyful because I’ve invested time in those relationships. Some of my key hobby purchases have brought me lasting joy because I’ve invested time in that hobby.

A random meal at a restaurant rarely brings lasting joy because you didn’t commit any time to it. On the other hand, a meal eaten with a friend – no matter where it is – can often bring lasting joy because you’ve built that relationship. It doesn’t matter where you eat, because the value comes from the thing you invested time in – that friendship.

Many people feel very time-deprived and they often use their money to buy time, but the question becomes how they use that time that they save. A person might buy some convenience foods to save on meal prep time, but how do they use that time?

There are some things you can always do with that extra time to provide lasting value. You can rest. You can build a lasting relationship with someone. You can learn a new skill or some key knowledge.

The thing is, money can certainly buy time, but it similarly becomes a waste if you don’t do anything valuable with that time.

Let’s peel back a little bit more.

The Fifth Layer: Money Can Buy Freedom

Spending money to buy time in the form of time-savers like convenience foods and time-savings services is a great way to get some spare time in the short term, but it doesn’t help with the long-term problem unless you use that extra time perfectly and build it into something lasting.

The long-term solution is, rather than using your extra money to buy time, you use it to buy freedom.

Let’s say that you were in a situation where you had enough money saved and invested so that the income from those investments could replace your salary. What would you do with your time in that situation?

That’s not “time saving.” That’s freedom, and money can buy it.

We’re kept away from that kind of freedom by the need to earn money, and whenever we use money in a way that doesn’t either create lasting joy or pave our way to this kind of freedom, it’s probably not the best use of that money.

At that point, you have about as much freedom of choice with how to use your time and energy as you can possibly have. You choose what to invest your time and effort into, and if you choose to invest it into things that provide lasting personal joy, you’re going to be building a joyous and personally rewarding life.

Is There a Core?

Once you get beyond that layer, you start to quickly get into issues that involve what you personally value. Perhaps you value your children. Maybe you value a particular hobby, or maybe you really care about a certain social cause.

At that point, you start tying your financial choices directly to those things that you care most deeply about and you begin to see the connections between your choices in each area.

Gradually, that begins to spread to all of your actions. You have only so much time and so much energy. How can you use them most effectively to not only keep yourself alive, but actually have an impact on the things you truly care the most about?

At the outer layers, money appears to be at the center of all things, but after a while you begin to see it for what it is. It’s a medium – a way of exchanging our time and our energy for things we care about. Almost every personal finance problem that we run into comes from making poor trades.

The true core of personal finance, from what I can tell, has little to do with money at all. Spend your time and energy on things you care about. Sometimes, that means accumulating resources so that you can feed, clothe, and house yourself and the people you love the most. Sometimes, it means using your time and energy on the things that really matter to you, whatever they might be.

The best life you can have is all about spending your time and energy on the things that make your life as good as possible, both now and in the future. As far as I can tell, if there’s a core, it’s that, and getting there involves figuring out how to make your trading of time and energy for those other things as efficient and smart as you possibly can.

Good luck on your journey to the center.

The post The Money Onion: Peeling Back the Layers of Personal Finance Success appeared first on The Simple Dollar.



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9 Things to Do Immediately After Your Identity Is Stolen

Think someone has your personal information? Don't panic! Do these nine things instead. 

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How to Kill Time Without Blowing Your Budget

Free time can end up costing you, but it doesn't have to. 

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Gone In 15 Seconds: The Top 3 Reasons People Leave Your Website

Columnist Jordan Kretchmer has some insight on why users may be ditching your website — but luckily, he has some tips for what to do about it.

Please visit Marketing Land for the full article.


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The Best Back-to-School Sales of 2015

Don't miss these deals offered by Wal-Mart, Staples, Amazon and more.

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Are Your Observed KPIs Based On Causation Or Correlation?

If you want to understand your KPIs, you need to test — and test some more. But first, explains columnist Benny Blum, you need to know the difference between causation and correlation.

Please visit Marketing Land for the full article.


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How Can Donald Trump Declare Bankruptcy Four Times… and Still Be a Billionaire?

Donald Trump speaking in 2011

Despite filing for bankruptcy four separate times, Donald Trump remains a billionaire. Photo: Gage Skidmore

By Doug Hoyes

I took my family on a short vacation to New York City this summer, and we had the sense that Donald Trump’s name is everywhere.  There’s the Trump Tower, and more than one Trump hotel.  I even saw the Trump name on an airplane at the airport.  So how can this guy be so successful, with his name on buildings, when he is also a survivor of four bankruptcy filings?

One answer is that Donald Trump has never filed personal bankruptcy. From 1991 through 2009, corporations that he was associated with filed corporate bankruptcy, primarily as a result of too much debt in his hotel and casino properties in Atlantic City.

The second answer is that, other than in his first corporate bankruptcy — where he personally guaranteed some of the corporate debt — his personal wealth was not involved. A corporation is a separate legal entity, so a corporation going bankrupt does not automatically impact the personal assets of its shareholders.

So what lessons can we learn from Donald Trump’s corporate bankruptcies?

Lesson No. 1: Stuff Happens

The first lesson is “stuff happens.” Obviously Mr. Trump made mistakes, and had excessive debt, which is always a factor in every bankruptcy. As a real estate developer, it’s common practice to borrow to finance the construction and operation of your buildings. The trick, of course, is to borrow just enough, but not too much. He borrowed too much. However, despite that, bankruptcy was not the end of his business career.

That’s perhaps the most important point: bankruptcy is not the end. It’s a strategy for eliminating debt, but in Mr. Trump’s case he was obviously able to convince lenders that his new companies had profit potential, and they were willing to do business with him many times in the future.

If you, or your company, has debt, you should attempt to pay it back. But if that debt is overwhelming, bankruptcy may be an option and you should not avoid it for fear that you will never be able to borrow again. Donald Trump proves that there is life after bankruptcy.

Lesson No. 2: There Is a Big Difference Between Corporate and Personal Debt

The next important lesson is that there is a difference between corporate and personal debt. In his first corporate bankruptcy Mr. Trump also suffered personally because he had personally guaranteed the corporate debt. That was a “mistake” he only made once. In his last three corporate bankruptcies, he did not personally guarantee the corporate debt, so he himself was not on the hook for any of the corporate debt.

That’s a very key planning point: Where possible, use a corporation to shield you from personal liability.

For example, if you operate a small business and need to sign a lease for your retail store, manufacturing facility, or office space, if possible sign the lease via your corporation, not personally. It’s very common for businesses to set up a separate numbered company (which is just a simple corporation with no name, just a number) and to use that corporation to sign the lease.

Why? Most commercial landlords want long-term leases, such as a minimum of five years. If for some reason the business fails and you must walk away from the premises, you want the corporation to be liable for the remaining rent, not you personally. By having a corporation that just rents the premises and does nothing else, your operating corporation, and you personally, are shielded from liability.

Of course, life isn’t that simple. Landlords knows this trick and will want you to sign personally so they are protected; so you will have to be a good negotiator to get what you want. If the landlord isn’t willing to accept your terms, you may want to look for another place to rent. Or, if this location is very important, perhaps you only agree to a limited personal guarantee, such as personally guaranteeing only the first year of the lease payments.

A Lesson on Liability

Limited liability is perhaps the main reason that most corporations exist, so let’s delve a bit deeper into the murky world of corporations.

You can think of a corporation as a separate legal entity (like a separate person). If that “separate person” is unable to pay its debts, it can go bankrupt — and that bankruptcy only directly impacts that separate corporation, without directly impacting the shareholders.

So, if you operate a business, it may be wise to operate it through a corporation that you control. It is then the corporation that enters into contracts (like leases), and the corporation assumes the risk of any loss.

So why doesn’t everyone operate every business through a corporation? Simple: Starting and operating a corporation costs money.

You have to pay to incorporate a business. It is theoretically possible to do it yourself, but in most cases the prudent approach is to have a corporate lawyer set it up for you. A competent lawyer can ensure that all of the paperwork is filed correctly and they can also create shareholder agreements and other necessary documentation. Since a corporation is designed to protect you, you want to set it up correctly.

Once the corporation is set up, you conduct all of your business through the corporation. If the business is successful, great — you can pay yourself dividends, or a salary, or whatever is appropriate.

If the corporation isn’t successful, and perhaps is forced to go bankrupt, you lose all corporate assets, but your personal liability is limited to what you have personally guaranteed, as well as your investment into the company. That’s why Donald Trump’s corporations can go bankrupt and leave him unscathed.

Again, this is not as simple as it may appear. You want to lease a photocopier? The lessor may ask for your personal guarantee. The company needs a bank operating loan? No problem, but the bank will probably also want you to sign personally as the guarantor. If the corporation can’t pay, you are still liable for the loan, so a corporation only protects you if you don’t also sign personally.

It’s a common “rule of thumb” that four out of five businesses fail within the first five years. Stuff happens. Sometimes bankruptcy is the result. However, as Donald Trump has proven — four times — a corporate bankruptcy is not the end of your business career. So get the advice of a competent accountant and lawyer when setting up your business so that you are prepared for whatever may happen to your business.

Doug Hoyes has extensive experience resolving financial issues for Canadian citizens. A Licensed Bankruptcy Trustee and co-founder of Hoyes, Michalos & Associates, he is also a Chartered Professional Accountant (CPA), Chartered Insolvency and Restructuring Professional and Business Valuator. He regularly comments on a variety of TV, radio, and other media outlets on topics surrounding bankruptcy and writes a column for the Huffington Post. Hoyes has been a Licensed Trustee since 1995 and testified before the Canadian Senate’s Banking, Trade, and Commerce Committee in 2008.

The post How Can Donald Trump Declare Bankruptcy Four Times… and Still Be a Billionaire? appeared first on The Simple Dollar.



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Post Office to stop selling premium bonds from 1 August

The Post Office is to stop selling premium bonds from 1 August after National Savings and Investments (NS&I) pulled the plug on a 46-year face-to-face sales arrangement.

The Post Office is to stop selling premium bonds from 1 August after National Savings and Investments (NS&I) pulled the plug on a 46-year face-to-face sales arrangement.

From August, anyone wanting to buy premium bonds will have to do so directly from NS&I. They can buy online at nsandi.com or by phoning 0500 007 007 at any time of day or night.

Post Office to stop selling premium bonds from 1 August
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The Post Office is to stop selling premium bonds from 1 August after National Savings and Investments (NS&I) pulled the plug on a 46-year face-to-face sales arrangement. From August, anyone wanting to buy premium bonds will have to do so directly from NS&I. They can buy online at nsandi.com or by phoning 0500 007 007 at any time of day or night. Alternatively they can apply by post by completing an application form that can be requested by phoning the above number, or downloaded from the website and returning the form to NS&I. Existing bond holders can buy more by making a direct transfer from their bank account as long as they have their 'premium bond holder's number' to hand. Natural step Jane Platt, chief executive at NS&I, said: "The majority of our customers already use direct channels to buy their Premium Bonds, and so moving to 100% direct sales is a natural next step for NS&I." She added: "After such a long-standing relationship we know it's important that we help our customers with the transition. We'll be writing to those who have recently bought Premium Bonds through the Post Office to let them know about the end date on counter sales and to assist them with using our direct channels for purchases from 1 August." NS&I explained that the move was part of its contribution to help reducing the cost to the taxpayer of government borrowing. In a statement, the National Federation of Subpostmasters said: "This is very disappointing news, particularly for our elderly and more vulnerable customers who rely on face-to-face support from subpostmasters with handling these types of transactions." Earlier this month, the maximum amount that can be invested in premium bonds rose from £40,000 to £50,000, meaning the limit has risen by £20,000 in little over a year. Only one year ago was the former upper limit of £30,000 increased to £40,000, at which point a second £1 million prize was also introduced.

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How to Use Reddit to Find Freelance Writing Jobs

Most freelance writers religiously check job boards to see the newest opportunities. Sites like Problogger and Indeed can be wonderful resources, but one site is a surprising haven for freelance writing gigs: Reddit.

Since I joined the site about a month ago, I’ve made more than $600 solely from Reddit-sourced clients.

I landed a steady gig with one of those clients. Reddit helped me take advantage of opportunities I wouldn’t have found otherwise.

Why? The communities, or “subreddits,” dedicated to job posting and writing gigs are consistently updated. Often, individuals post work requests, which allows you to communicate directly with your client instead of going through a middleman or a company recruiter.

Ready to find your next great freelance writing job on Reddit?

1. Sign Up for an Account

If you’re not familiar with the site, check out a beginner’s guide like this one.

While your username can be anything, it’s best to make it your name, or perhaps your name with a number attached. Keeping it professional will give potential clients their first glimpse of your quality.

2. Know Your Subreddits

Subreddits (or “subs”) are individual pages of Reddit about anything and everything.

The three main subs for freelance writers are /r/ForHire, /r/HireAWriter and /r/WritingOpportunities. I’ll be mainly talking about /r/ForHire and /r/HireAWriter.

/r/ForHire is a constantly updated compendium of companies and individuals who are hiring. It’s also a place for freelancers to advertise themselves.

/r/HireAWriter is exactly what it sounds like – writers post about their services, and companies post job openings for writers.

/r/WritingOpportunities lists publications that pay for writing and accept unsolicited submissions.

Before you look through or post to any of these subs, read the rules. Each sub has its own set of rules that governs their use. Some offenses can result in you being banned! Familiarize yourself with the dos and don’ts before you set foot in one of these subs.

For example, /r/ForHire forbids users from creating threads more than once a week. This is a bannable offense, so be mindful of it! They also don’t like URL shorteners. As long as you say you’re for hire and post some examples, you shouldn’t run into any issues.

You’ll also want to read what’s known as the reddiquette. This is Reddit’s overarching set of rules that apply to every sub.

3. Narrow Your Search Results

To get the edge over your competition, you’ll have to narrow your search so you see only the kind of posts you’re looking for.

For instance, /r/ForHire presents a problem because it contains both posts from people who are hiring, which are tagged with [Hiring], and posts written by freelancers to promote themselves, tagged [For Hire] or [Hire Me]. You’re only concerned with the [Hiring] posts.

To see only [Hiring] posts, there’s an easy but effective trick. It’s over in the sidebar. Next to the header “Search all reddit jobs,” there’s a link that says “Hiring.” Clicking on this will show you only [Hiring] posts, and will also pull results from two other subs that act as job boards.

/r/HireAWriter doesn’t have these filters, but it does retain the [For Hire] and [Hiring] tags, so you’ll need to do a bit more detective work to find the gems.

4. Get the Gig

Once you’ve found a job you’re interested in, it’s time to land it.

Like other job boards, time plays a vital role, and it matters even more on Reddit than it does on other sites.

Because there can be any number of users on a sub at any given time, your chances of landing a job are always different.

You may be the first person to respond to a post, or you may be the 10th. Some postings have tons of responses within an hour, while others never get any. In the end, chance does play a big part.

If you’ve found a good posting, you’re ready to message the user. While you’re sending a message over a social media site, you should still take it seriously. This initial message is your cover letter. Just like any good job application, it should highlight your credentials,.

I keep the same format as a cover letter for messaging potential clients. I always use their name if I know it. My messages are short and to the point, which clients love. I link to my portfolio and give them my rates if they want that information.

Always send your contact information, preferably your email address. The sooner you can connect with a potential client via email, the better. By moving the conversation to email, you’re declaring your professionalism and establishing a deeper connection.

Your Turn: Have you ever gotten a job on Reddit? Share your tips in the comments!

Ian Chandler is a freelance writer based in Ohio, currently studying English at Kent State University.

The post How to Use Reddit to Find Freelance Writing Jobs appeared first on The Penny Hoarder.



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More people turning to equity release to fund lives

Over-55s are increasingly turning to the partial sale of their homes through equity release to fund their lives - often as a retirement option.

Over-55s are increasingly turning to the partial sale of their homes through equity release to fund their lives - often as a retirement option.

According to statistics released by the Equity Release Council, equity release activity in the second quarter of 2015 reached £384.3 million - the highest level since records began in 2002.

More people turning to equity release to fund lives
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Over-55s are increasingly turning to the partial sale of their homes through equity release to fund their lives - often as a retirement option. According to statistics released by the Equity Release Council, equity release activity in the second quarter of 2015 reached £384.3 million - the highest level since records began in 2002. A spokesperson for the Equity Release Council told Money Observer the rise might signify more people looking to take advantage of quickly rising house prices without having to move out of their family home. This represents a rise of 18% since the second quarter of last year. To put this figure into perspective, it suggests homeowners aged 55 and over withdrew £4.2 million of housing wealth every day between April and June. Equity release The number of people releasing equity in their homes is also gaining pace, with 5,414 new equity release customers in the second quarter of the year, representing a 11% increase on the previous quarter. Most equity release plans are lifetime mortgages - meaning you get a loan that doesn't need to be repaid until you die. However, the interest on the loan 'rolls up' and is added to the loan total, so the amount outstanding can increase very quickly and result in the lender claiming a percentage of your home much greater than you unlocked in the first place. Some providers will allow you to repay the interest periodically. Alex Edmans, head of retirement at Saga, says new mortgage regulation tightening affordability checks for banks means many older people can no longer get traditional mortgages. "This, and the fact that many people are now coming to the end of their interest-only mortgage term without a full repayment plan, has meant that more are turning to equity release as a viable solution to borrowing in retirement." Nigel Waterson, chairman of the Equity Release Council, says: "The last three months have been a landmark period for UK retirees and those approaching retirement, and equity release activity continues to grow amid a sea of change. "There is no doubt the pension freedoms have created more options for people to consider, but the appeal of tapping into housing wealth is on the rise as older consumers seek to make use of all the assets at their disposal. "Doom and gloom often surrounds discussions on retirement income, but while contributions to pension pots remain low, an entire generation of homeowners have been paying into property their whole lives, making it an asset that can transform their financial options beyond the age of 55." This article was written for our sister website Money Observer

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