Wealth Harvestor- Make Money, Save Money, Be Rich

Some 'out of the box ways to make money'... well not really..

noreply@blogger.com (Marianne) — Thu, 12 Mar 2009 15:16:00 +0000

I was attracted to this article because of the title -- Out of the box ways to make money. So, I had to check it out.

While the writer does point to three additional sources or ways to make money, I didn't exactly think that they were really out of the box. But then who cares--- as long as the techniques work, it should be fine, shouldn't it?

So, to summarize, here are those three ways-
a) Sell music, ring tones / songs
b) Create a virtual office
c) Resell software
Where and how exactly to do the above-- it would only be fair to check that out on the original article.

Enjoy making money!

Three simple tips to save money

noreply@blogger.com (Marianne) — Wed, 30 Jul 2008 09:42:00 +0000

Here are three basic tips from a middle-class family on how to save money on routine things as reported in this brief article

a.Go consignment store shopping-
It is quite an effective to not only save money but also make some.

b.Bundle up purchases-
Look at items from the monthly fixed expense list that can be bundled from a single service provider. A couple of good examples are using the same service provider for mobile phone, fixed line telephone, cable television and broadband Internet. Bundling up services from a single service provider often gets you package discounts.

c.Avoid paying interest on credit cards (or at least avoid high interest rates)-
Ideally, try to make it a point to pay your credit card bill in full by the due date; credit card interest rates can be outrageous and carrying over outstanding amounts on credit cards is one surefire way to deplete whatever savings you have very quickly. Enjoy the benefits of a credit, by all means, take advantage of the credit period to the maximum, but ensure the payment is made in full on the due date (card companies will hate customers like that.. but hey, you are out to save money for yourself, not help those companies make money off you!)

Making money on the Internet by selling stuff on eBay

noreply@blogger.com (Marianne) — Mon, 09 Jun 2008 08:58:00 +0000

Just like people have made a living (and the really smart ones have become rich) with Google AdSense, countless people now make a great living with eBay. Set up an auction for something that you have to sell, and which there are people to buy --- and it is astounding to see the kind of things that people end up buying on eBay—and wait for the buyers to complete the auction and there you have it. You are in business!

Well, things may not be as simple as that these days, but it isn’t insurmountably hard either. Here are some basic simple tips on how to sell well on eBay, based on this article where the writer speaks to an eBay veteran of close to a decade. This particular veteran now helps manage eBay auctions as a service for the not-so-experienced or time-starved eBay sellers, so he does know quite a bit about making a fortune with the world’s largest online marketplace. You can read the details in the article mentioned above; but here’s a quick gist.

Find stuff that sells- do a bit of research
Get a great presentation- both with the pictures you put up as well as an extremely detailed and well-written description, including technical specifications of the product you are selling
Get the pricing right, particularly the cost of shipping.
Be careful of when the auction starts and ends: be good with your timing.

By the way, for those who are serious about pursuing the money making opportunities with eBay, the next eBay Live event will be held in Chicago, on June 19-21, 2008. eBay Live is a grand congregation of the eBay community, comprising power sellers and buyers, who gather to discuss ways to make most out of eBay. If you want to take the plunge, then there’s probably no better opportunity to know the secrets of creating a successful eBay business.

The five ways to become wealthy

noreply@blogger.com (Marianne) — Fri, 06 Jun 2008 04:36:00 +0000

The United States is the land of opportunity, where there are umpteen rags to riches stories. Countless people have started with nothing but their ideas and dreams and an unbreakable will to succeed despite all odds.
Based on over 25 years of research into the wealth generation strategies and patterns of American millionaires in the United States, motivational speaker and master trainer Brian Tracy points out that there are five ways to get rich in the US.

• Inherit wealth (good luck!)
• Achieve it through your professional – like, being a doctor or a lawyer
• Become a top executive at a top company, ie. make the climb up the corporate ladder.
• Win it (you are working at very low probability!)
• Start a business ie. become an entrepreneur.

Brian cites entrepreneurship as the best way to become wealthy and he provides some simple tips and action exercises to get started. Excerpts from his newsletter below.

Starting your own business has been and will always be the high road to becoming wealthy for most self-made millionaires. Entrepreneurship in America offers more opportunities and opens more doors than all other possibilities put together. This is why it has been said that if you have the ability to start your own business and you don't do it, you are a fool. I'll repeat that. If you have the ability to start your own business and you don't do it, you're a fool.

Where do you start?
You start by getting your finances under control. The very first thing you do is you make a decision to get your finances under control. Some years ago, a man named George Classon wrote a book called The Richest Man In Babylon. It's a classic on financial success and what Classon said in that book was that the key to becoming wealthy is to pay yourself first. Take ten percent off your earnings, off your gross income every month and put it aside. Learn to live on ninety percent or less of your gross income. So the very first thing that you do is you begin to save your money.

Action Exercises
Now, here are two things you can do immediately to put yourself onto the high road to personal wealth:

First, resolve today to begin saving your money a little bit at a time. Set a goal to save 10% of your earnings, to put it away and to never touch it. This will change your life.

Second, immediately register your own business or sole proprietorship. Open a bank account, get business cards and letterhead and create the corporate entity under which you can do business. Your business opportunities will appear far sooner than you think. If you build it, they will come.

To get more useful tips on a wide range of topics and get his immensely useful and inspiring newsletters, visit BrianTracy.com.

Making money with real estate investments

noreply@blogger.com (Marianne) — Thu, 05 Jun 2008 07:05:00 +0000

The typical model for making money from real estate investments is to buy a property, wait for prices to go up and then sell it of at a hefty premium. However, with the real estate market dynamics changing worldwide, this method is fraught with its own risks.

This article talks about a “new way” in making money from real estate. As the writer points out, it is not exactly a new way since a number of people are using it already, but probably a little less common than the traditional way.

The principle is simple- generate positive cash flow by way of rental income from real estate properties, and capitalize on the appreciation as well! Read on to find out more.

Tips to build an Internet Business from A to Z- Eric's Tips

noreply@blogger.com (Marianne) — Fri, 16 May 2008 02:37:00 +0000

This will be of interest for everyone keen to make money from an Internet business. Eric Holmlund who writes Eric's Tips on Internet Businesses seems to be in the process of making some serious changes to his newsletter (and probably his entire business model).

Eric is apparently quite a successful Internet marketer with a pretty strong reader base for his blog/newsletter. He was also one of the co-founders of the The Next Internet Millionaire "reality show"--- so he undoubtedly knows more than a thing or two about generating revenue via the various mechanisms available on the Internet.

He's promising to teach folks everything from scratch to build a successful Internet business -- and he is planning to do that with about 120 lessons. The video screen captures he intends to use for the lessons should give a very clear idea of how exactly things are done. So, I suppose, the least one could be expecting are some practical tips to build an Internet business. I'm sure everyone loves step by step, practical instructions.

For reference, below are excerpts of what Eric wrote in his most recent blog post/newsletter, where he divulged plans to start with the 120 lessons for an Internet marketing business.

**************
I'm going to teach you how to build an internet business from A to Z. I'll start at the very beginning and take you through the entire process, paying careful attention to EACH step along the way (I'll be teaching most of it through screen-capture videos, so you can SEE how to do it). Essentially, this will be a course that I could sell for $2000+, but you will be getting the entire thing just for being a reader of my newsletter.
....... there will be approximately 120 lessons. .... My goal is to finish teaching you the 120 (plus or minus) lessons by the end of October. I'm dedicating Eric's Tips to teaching you exactly what you've been asking to learn. I only ask that you get involved by posting your comments and questions after each lesson, so I can make it the best interactive learning experience that I can.
I'll be in touch soon with some more information about HOW and WHY I'm doing this.....

MLM schemes: Making you rich or leaving you poorer?

noreply@blogger.com (Marianne) — Fri, 16 May 2008 02:37:00 +0000

How good are MLM (multi-level marketing) schemes (some folks call it scams!) at helping you get rich? Do they really work and deliver on the six-figure passive income they promise, "after a few months of focused hardwork?".

To be honest, I am not sure. I've watched some close people around me wax eloquent about the benefits of one of the world's most popular/ succesful MLM chains. They claim to be making tons of money each money from the few hours they put in; and let's face it, some of them even seem to be having a lifestyle that seems to make it seem true. On the other hand, I've also seen some others who continue to work at it while their overall condition belie the claims they are making.

Well, if you read Tracy Coenen's post, MLM schemes are a surefire way to lose money. According to her, "....the chance of actually making any money in MLM is very, very slim." And her advice regarding the common task of recruiting friends and family? " The only opportunity you're really giving them is a chance to lose money. Spare them and yourself the agony! "

The truth is probably somewhere in between--- may be MLM schemes do help make mone for those who relentlessly pursue it and are willing to go to great lengths, including investing time and money, to get those tantalizing riches. For those who thought MLM was an easy way to make pots of money, reality might be quite bitter.

The sooner you realize that there is no easy money, the faster you can get your head to make money and grow rich.

Start your own business!

noreply@blogger.com (Marianne) — Fri, 16 May 2008 02:37:00 +0000

If you wanted to be really wealthy, then running your own business is the way to go. Of course, there are rich salaried people too and working for a company might be a lot less stressful in the near-to-medium term, but there's a lot more to be gained in starting and running a successful business enterprise.

Of course, starting a business is by no means extremely easy; but if you can start young and devote yourself to it, you are giving yourself much great chance for success. Rhonda Abrams of ThePlanningShop, publisher of books for entrepreneurs, gives some simple tips to start a business to graduating students of 2008 (personally, pay particular attention to the last one: work hard! ... and of course, work smart!) . While you are it, here's a simple tip from me to build a sustainable, successful business: Start small, but think big.

Tips to budding entrepreneurs from Rhonda, published in this article in USA Today:
• Do something cool. Lots of people succeed in business doing something completely mundane — there's plenty of money to be made selling dental supplies. But you're young, so do something fun, challenging, interesting.

• Choose a business that will make a difference. Go ahead, start a business that will save the planet, people or animals. The hottest thing in business today is "social entrepreneurship" — for-profit companies with a greater purpose. You can make money and make a difference.

• Develop a business plan — at least a very simple one. Sit down and think through what you're going to do, how you're going to do it, and how much money it will take. And you'll need a business plan when you go out and raise money to fund your new venture.

• Choose a concept with low start-up costs. After all, you're broke. But I was broke when I started my first company. Internet-based companies can be dirt-cheap. There are still plenty of opportunities in social networking and user-generated content sites. Personal and business service businesses are also inexpensive to launch.

• Start with a friend, or friends. But draw up a simple agreement to clarify who owns what, who does what, and what happens if someone drops out (Hint: They should lose everything). Hey, you could be starting the next Facebook; you don't want them coming back and suing you for their share of the billion dollars.

• Make a sale. Find someone to buy what you're selling, whether it's an ad on your Internet site or a client for your service business. Nothing teaches you more — and emboldens you more — than having a real customer.

• Get some good business advice books. Even through you made it through college using Wikipedia, I know just how much is missing — and how much misinformation there is — on the Internet. And I'm not just saying this because I write business books — honestly!

• Work hard. You thought you worked hard in school? I know you did, since most students must work while they go to school. But you're going to have to work even harder to make your business a success. Don't let that discourage you — you don't really need sleep at your age.

Tips to save money on everyday items

noreply@blogger.com (Marianne) — Fri, 16 May 2008 02:37:00 +0000

As a big believer in the 'save money' credo, I constantly look out for ways and means to do so. Since every small thing adds up eventually, it often starts at home and everything we do routinely. Think about these and you'll realize most of it is pure common sense, but these are things that get overlooked more often than not.

Take for example, gasoline. With fuel prices shooting through the roof, saving on fuel can actually make for significant savings. This article in thestreet.com lists six ways to save money on gasoline: combine trips; eliminate unwanted trips or carpoool; fill your tires; change your oil and replace air filters; empty your trunk (or boot, as some people prefer to say); and lastly, use the Internet to find the best prices in your area!

Weekly grocery can be another major component of a family's monthly spend. Here, you can choose to visit the premium supermarkets and pay accordingly or save as much as 25-40% by visiting discount grocery stores. As long as you don't have any qualms about being seen in a discount grocery store, there's a lot to be gained. Even if you take the potential savings very conservatively, say 10%, you know how much discount grocery shopping can shave off your monthly expense list.

Changing the way you buy food and what you eat are other effective ways to save money. Some others now prefer to grow their own food and find it a lot cheaper in the long run. It might seem inconvenient and a waste of time initially (granted, it might be impractical to do depending where you live), but if you can and are willing to put in the extra effort initially, you are bound to save quite a bit of money.

More to follow in this series...

Saving money by looking poor!

noreply@blogger.com (Marianne) — Fri, 16 May 2008 02:37:00 +0000

Many believe, "if you've got it, flaunt it" (and I am talking about money and wealth here), and then there are others who prefer to mask their richness in a veneer of simplicity.

Of course, there is nothing right or wrong about either of these approaches to display how wealthy you are, it is a matter of what one is most comfortable with. Undoubtedly, people from the opposite schools of thought will view things differently- those who believe in flaunting wealth will look down upon those who "act" poor as being cheapskates and behaving below their dignity; and the silent rich probably view the 'wealth demonstrators' as being brash and arrogant.

Now, we know the benefit of being seen to be rich; the perception of money can open several doors. What if I told you there are several benefits of looking poor too? Check out this article titled "The benefits of saving habits that make you look poor" by Shannon Christman, where she lists quite a few interesting benefits.

The fact is the rich have this ability to attract wealth; quite literally money follows them. They get wealthier by getting more money and saving more money than the average person; so what if the savings come from living and behaving a bit poorer than you actually are?

I'm sure not many folks agree... check out the comments to the above article to get a nice insight into how people look at having money, enjoying it and displaying it..

How to make money with niche blogs: the truth & the myth

noreply@blogger.com (Marianne) — Fri, 16 May 2008 02:37:00 +0000

Tales of Internet millionaires and multi-millionaires galore. Each day you hear of n number of folks who are generating bucketloads of cash on the Internet---- some of them with active sales and others with a more passive strategy.

So, is it true that there is money to made on the Internet? Absolutely, yes. There are numerous ways to generate an income, with some better than the others as it is with almost everything--- I will cover many of these going forward. It is also true that the barrier to entry is very low ie. literally, any one can get started with trying to generate an income using the Internet.

If that is the truth, then what is the myth about making money on the Internet? That it is VERY EASY to do so. Again, it is very easy if you know and understand everything about the "business". For example, if the plan is to make money with niche blogs, then the easy part is to know how to get a blog started. The challenging part is to create the content, attracting an audience and determining the best way to monetize the blog. This can take time and sustained effort. This is where many folks give up easily, when they feel that the promise of "easy money" has been misinterpreted to mean money without effort. As the saying goes, the only place where success comes before work is in the dictionary.

Anyway, talking of niche blogs, I saw an article on making money with a free fitness blog by somebody who specializes in the fitness industry. While the author talks about a fitness blog, the basic philosophy (create good original content and offer something of value to prospective readers and users) and approach can be applied to any niche that you are interested and passionate about. Check it out.

If you are serious about pursuing blogging as a money-making activity, and not merely as a hobby or a passive income generator, then you might want to consider investing in a course like that offered by BlogClassroom. Mind you, it costs about $497/-. So, think before you leap!

How to make money in real estate in south east Michigan

noreply@blogger.com (Marianne) — Fri, 16 May 2008 02:37:00 +0000

This piece will be of interest to those interested in making money with real estate in the United States. It might seem rather ironical and counter-intuitive that an event on making money with real estate is being held at a time when the property market in the US has been badly hit (and pulling down a whole lot of other sectors along with it!). Then, opportunity lurks in the rubble and smart investors are those who can mine such hidden opportunities.

Mark Maupin, who has been in the real estate business since 1984, is organizing a one-day event that will show investors how to make money in the declining real estate market in Michigan. Since 1984, Mark has purchased in excess of 3,500 single family homes and many multi-family properties, giving him a unique perspective to identify and grasp the potential in real estate and develop new and creative ways to maximize its potential.

To be held in Laurel Manor, 39000 Schoolcraft Rd; Livonia, MI 48150, from 6pm to 9pm on June 19, 2008. , the event will help attendees:

Find buyers for property before you make the acquisition
Find partners to acquire property
Control the deal from beginning to end without putting your own money into it
Buy properties at rock bottom prices
Buy Property like the “Big Guys” and how to compete with them

More information on the event is available at http://www.megaeveningevent.com/.

Welcome to Wealth Harvestor

noreply@blogger.com (Marianne) — Fri, 16 May 2008 02:37:00 +0000

Hi there!
A hearty welcome to this blog! If you are looking for simple, down-to-earth tips, news and information about creating and sustaining wealth, then this is the right place.

Not the high-end stuff that portfolio managers talk about-- but small and simple things that affect most of us in the middle-class. Everything from maximising returns from your bank account, to planning and saving taxes (legitimately!), generative passive income, etc.

Hope you enjoy and profit from the information and tips provided here.

See you around; and do leave your comments and feedback.