Monday, August 16, 2010

Any Suggestions on how to make Money?

I looked in-depth at Money Savings Expert.com some two years ago and followed everything this site suggested. I also bought several books telling you to save this and that.





All the books say the exact same thing, don't buy anything and save everything. I do this, but I need to earn money faster.





So I went out and got the highest interest ISA, sold stuff on eBay, do all online surveys, a full time well paid job and saved and skimped on absolutely everything and as a result a I managed to dig myself out of dept and then I started to build up a rather nice amount of cash (Distributed between several High interest Accounts, ISA’s and Shares) …





Fantastic you say but basically now what?





I think I now need Money Making Expert? Any ideas on how to increase my income other than just saving on this and that. I currently save $1600 a month (After All expenses).





Thanks for any ideas,


Jim

Any Suggestions on how to make Money?
Read 'Think and Grow Rich' by Napolean Hill. It was a study of all the richest people and what they all had in common. VERY interesting
Reply:Why don't you try this? You can make $200 in seven days. I tried it myself and it seems to be working.





http://makemoneyjoe.blogspot.com
Reply:what more else can you possibly do?? damn man you sound really motivated.





well donate 10$ and you may experience karma on a large scale, who knows.
Reply:Yes do souviniers
Reply:rob
Reply:As long as you don't live in the USA, you could look at either an investment property, or managed funds, shares, etc.





If you do live in the USA, I would say hold onto your cash for a little bit longer and then buy property before it started going back up again.





That's a long term strategy.





It seems like you're after a short term fix - and unfortunately there is none. The short term is just that - short.





Saving $1600 is good, depends on what you are saving for really. You're putting away almost 20K a year, and get interest on top of that, like I said, doing better than most people.





My advice would be buy securities (shares, property, bonds, MF's) while they are cheap. Effectively, something like a 250K property, could be worth double in a decade. Rented out during the mean time, is providing you with more income, and depending on your local tax laws, the interest from an investment loan is tax deductible.





Chat to your accountant if you need further information on that.





Hopefully this helps!
Reply:Just do what most people are doing and find something to sell online. Almost anyone who actually makes enough money online to live off (including me) does it by running an online store unless they're actually working for a company. You should ignore survey sites cause they're scams. You basically pay X amount to sign up and never get X amount worth of surveys. Running an online store is easy enough with drop shipping and store templates. Most drop shipper's (wholesalers who ship products straight to your customers so you don't have to hold stock or anything or deal with shipping) will even create a site for you so all you have to do is bring people to the site to buy. A lot of them are free to sign up with too.

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