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by Wilson

How to Start Making Good Money, Today – Part 2

June 11, 2007 in Investing, Money Making Ideas

The last post was entitled: How to Start Making Good Money, Today. To us good money (or easy money) is money that is generated effectively – where our time is not tied into and is not in proportion to how much money we get. Passive income from businesses and interest from your savings are examples of what we are talking about. Another source for effective (good, easy, passive, L33T) income is through stocks or paper assests.

Stocks or paper assets are effective ways to generate money these days because you basically make money when you buy the paper asset and don’t need to tie up any more of your time into that endevor to make money. Simple when stated but it is hard to do (make money) in the begining if you are a novice or have little experience actually generating this effective source of income.

We follow the simple formula that probably everyone who has been in the stock market has heard before to make us money. We buy low and sell when we have a pretty decent profit. It works. We also have some ok dividend yeilding stocks (they don’t even beat savings’ interest these days) but usually inch up in price over time. A lot of people would say that it is easier said than done. Its true but if you keep doing it you will eventually make consistent money through stocks (10 to 20%) a year is quite normal.

Generating money through stocks is not a get rich quick deal. It takes discipline, focus, controlled decisions with no emotional attachments, and sound business decisions – you play stocks to MAKE money not lose it. What really helps in consistently generating money through stocks is actually gaining and having experience in setting up and running a successful (consistent positive cashflow – growth helps) online or offline business. You can really see when great companies with scalable operations, strong financials and solid performance are “for sale” when they follow price drops with the major indices during what my twin and I call ‘noobs panic selling’. It happened with google, microsoft, and apple on a couple of occassions already the past 2 years.

More tips on how to get started:

-Open up a scottrade trade account or a trade king account. There are no minimums.

- Learn to save a little every month first. Then move on to saving a little more each month to put that amount into your “investment” cash. Even if its a dollar a month. Do it.

- Look at only 2-5 companies to invest in. Don’t go for one you never heard of or do not understand the business model.

– Paper trade to get a feel of stocks which just means to write down when you think its a good time to buy with fake cash and track results. Its really easy and fun to begin with. You use google right? Or have an ipod? or use microsoft XP or Vista? Track those company’s stocks by going to yahoo finance and punching in “goog”, “aapl”, and “msft”. Look at the charts. What have you missed out on? When was the first time you remember hearing or using these companies products? Are you confident in these companies? Are they LEADERS in their fields?

- Do not invest if you NEED to make positive cash flow right away. Its slow and boring but is an effective way to generate money in terms of how much actual time you need to deal with it. Do not get suckered into day trading or try to time the market because it will be a JOB for you. And lets face it – JOBS suck. So don’t do it unless you have a business in traning and gaining off of day traders.

I know most will probably turn away when the very word of stocks or investing is mentioned. They are missing a very effective way to generate money. If this did not scare you or bore you away, then I would like to also mention options for stocks which is a more risky way to generate capital gains when you see a company’s stock in an obvious deep sales price.

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by Wilson

Major Site Update Plans

May 15, 2007 in Money Making Ideas

From now on this will be a Major financial resource site to help others reach their financial goals – whatever it may be. Whether you’re here for entertainment, motivation, to get some new ideas, learn how to make money online, learn how to get a massive amount of consistent targetted traffic for free, SEO, start a business, getting out of debt, finding a JOB, writing a commanding resume, to learning how to invest or save …all are welcomed. We have got out of the rat race in less than 2 years starting from ZERO. We have been through and have gone through a lot of making money ideas and systems - from stocks, options, daytrading, MLMs, to ebay, turnkeys, blogging for dollars, affiliate marketing, etc etc. We will give you our honest opinions and reviews on the latest tricks, startups, ideas, trends, etc.

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by Wilson

AzoogleAds – First Impressions

March 23, 2007 in Money Making Ideas, Reviews, Wealth

We started using AzoogleAds in Mid Febuary and have received our first check from them. We found that AzoogleAds is a mix between clickbank’s affiliate program and google adsense in terms of how they setup their system. It is very easy to impliment and takes literally only minutes to put an offer onto a site of yours. At first we thought that it was not going to convert well on our sites so we put the links in places where we aren’t profitting well from adsense. To our surprise, they convert well even in obsure places of our sites – like on the lower left or lower right of a page. I especially like the easy-to-use channels that show exactly where I’m getting $/clicks from.

If you have websites, forums, or community sites with regulars, we found that we can randomly add links every other day or so and can see what offers match the audience’s wants and needs quite effectively. Right now AzoogleAds is ok and has become a good fourth source of income for us. I think there is much potential in actually using paid traffic to specific offers. I started a test and will post results later – a 300+% return seems very realistic here. Oh and if you don’t have an AzoogleAds account yet, get it here: AzoogleAds Signup (aff)

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by Wilson

What would you do if you had to start from scratch?

March 22, 2007 in Education, Money Making Ideas, Motivation, Self Development

That question is very interesting to me because my twin and I wrote and published a book, Zero To Cash, on how to start with ZERO dollars and still get out of the rat race, quickly. But we found out that many people don’t even know what that means. Most just want to make a lot of money, thinking that that will solve their money problems. Now for those who do not know what is the rat race or what it means to get out of it, here is a short description of the two. Rat race is a term that generally describes a situation where person has no choice but to work. He needs to work and ‘put his nose to the grind stone’ to pay off expenses and liabilities. If he does not work he has no other source of income.

Now to escape or get out of the rat race, a person has to get enough passive income to cover all the living expenses and monthly liabilitity bills each month. You can read more about it here: http://en.wikipedia.org/wiki/Rat_Race So, the moment a person is generating the amount of monthly passive income EQUAL to his monthly expenses, he is technically out of the rat race because he does not have to physically work in a job to pay off those expenses each month, as long as he has those passive income streams flowing to him. In Robert Kiyosaki’s Cashflow board games, getting out of the rat race is the first half of the game and the toughest part. In that game, you can generate passive income through quite a few means just like in real life including Rental property, businesses, franchises, paper assets, and bonds.

If I had to start all over again right out of college with zero bucks I would do the following to get back to where I am now. The first thing if I was in a job is to read Robert’s books and maybe some other books. But in terms of raising financial IQ these books are the best I have found to start with.

1. Get a job. LOL you gotta start somewhere. Yea it can be humiliating and you can feel it eroding your spirit day by day but keep your goal in mind and power through. Fullfill your obligations to your boss and get those checks.

2. See where you are at. This is a must. Every month, or even bi monthly, generate a spreadsheet that shows your expenses ( car insurance, food, rent), amount of passive income, liabilities (monthly car payments, student loans, etc), and assets (stocks, savings, bonds). Remember, the moment your passive income = your expenses+monthly liabilitiy payments you are out of the rat race.

3. Basically setup all the bare minimum stuff you need: Get those paychecks, get a bank account, get direct deposit, get a credit card, GET a PC, Get internet, get paypal, get an EBAY account, get a cheap server from hostgator asap, frontpage or some web editting tool, Get clickbank, get a site to be approved by adsense, adbrite, azoogleads, YPN, textlinks etc etc., What I would do in this day and age is to start generating passive income through the internet with my own websites and by selling other people’s stuff and my own stuff (not physical products but digital ones).

4. BUY, CREATE, RENT or CONTROL Assets. Thats about it in 3 easy steps. Here are more details if you want to leverage the power of the internet: Start off by selling digital products on ebay – return is literally in the thousands to infinite here. Yes there is money in EBAY with eager buyers. A lot or little work is needed for digital products and the profits are huge if you know what you are doing. This is where we started and I would start here again. Learned a lot about setting up systems, pricing models, selling digital products, marketing, knowing your buyers’ wants and needs and write good ad copies here. Quick and instant cashflow here right into your paypal account. Make that first site of yours an asset by selling the same ebay products you sell with the addition of support, information, links etc. Get clickbank to sell more of your products and other similar products. Reinvest 80% of the profits back into the system and into new ones. Unfortunatley for those who are just starting, you will have to test a lot of systems until you find the one that fits your goals. You also soon realise that you must spend your money wisely to generate sales and the power of affiliates marketing your products for you.

5. Collect the cash from your paychecks, paypal account and start larger projects. Think BIG and focus on passive income steams from stocks (automated online trading systems and diviend paying stocks) and even savings accounts with 5+% return. Create a LLC or company to separate your accounts when you get enough cash.

6. Stay Hungry – read or listen to Tony Robbins. Buy or GET Robert Kiyosaki’s audio books and drill all of the information in your head. Listen to it everyday and night until the lessons are ingrained in your thought patterns on money. Go back to step 2 until you are out.

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by Wilson

Setting and Achieving Goals

March 15, 2007 in Education, Money Making Ideas, Motivation, Self Development, Wealth

I recently opened up one of my old notebook that I had used for writing down my goals last year. The notebook contains many random stuff, ideas, drawings, doodles, notes and usernames for emails, etc. I was flipping through this one because it did not have many pages in it and found a page where I set down some serious goals. Goals that I thought seemed to look IMPOSSIBLE or just really BIG for me back then. Surprisingly I actually got most of the goals I set on that page or have come very close to reaching them. I actually don’t remember writing the goals down but I do remember that I wanted to write down my most wanted or biggest goals first. Take a look at the picture I took of that page in the notebook:

 

1. $10,000 in passive income per month. Check.

2. Corvette, Red. I got enough money for it but haven’t looked at cars lately. I’ll get one soon enough.

3. Alienware ALX. Got an Alienware 7500 instead.

4. CAL-M for WoP Team. This was a goal I had to get my Counter-Strike Source Team from CAL-Open to CAL-Main. Done.

5. 1000 Sales of WoP Book/Guide. Done. We sold our 1000th book back in December.

6. Choice to QUIT job without caring about money. Done. My twin and I now have a choice. We can work or not work in our company.

This is actually not the first time I flipped through a notebook I used to keep goals and ideas down and found out my goals were actually manifested into reality. I started writing down all my goals one day when I woke up. It was actually at work that I picked up the notebook that all new employees at our company received and started writing down random stuff, ideas, goals, etc. I later read books and heard tapes talking about the magic in this seemingly haphazard, whimsical, and even weak or boring approach to getting things down or starting point to achieving something you want in life. I strongly suggest you try this out no matter how crazy it may seem. Also note that you should not care about the size of the goal you set because it is just big in your head. It may appear to be small or weak for others. So if you want to get anything you wish for then write it down. Just be a kid again and ask for anything you want because LIFE will give it to you if you just ask for it. That’s just my personal opinion.

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by Wilson

Before You Quit Your Job

March 12, 2007 in Money Making Ideas, Motivation, Self Development, Wealth

That is the title of one of Robert Kiyoskai’s book that I read about 2 years ago. I recently picked the book back up and read parts of it. My twin and I have found ourselves in the same situation as Robert did. To quit our jobs and go full force at our businesses or continuing to collect those safe secure paychecks by our large company. Back and forth, pros and cons, certainties and uncertainties. However, deep down in both of us we know that eventually we will have to cut ourselves from working for someone else and start more businesses to take care of us.

Robert described the day he quit his high paying job as one of the scariest moments in his life. I really didn’t pay too much attention to that opening paragraph in one of his chapters but now I can see the truth in it. There are a lot of unknowns when you go at it yourself. You don’t have the security of knowing that a paycheck will be handed to you at the end of every month you work for a company. You have to be more self reliant than ever. You can’t blame others and have to own up to your decisions and actions. If you don’t you will lose. You also have to learn quickly and adapt just as fast to the change in your field.

 At your job, you have people looking over your shoulder to see if you did things correctly, have time tested and proven procedures, people who have done it already, etc. Another thing is that in the corporate world, I would have to say that 20% of the people there do 90% of the work. If you worked for a large company, you will probably know what I am talking about with all the unproductive meetings, chit chat, zoning-out, soda breaks, internet, chain emails, etc. at the workplace. When you are trying to build businesses or work on your own, you can really see how effective or ineffective you are. You might one day be putting in 15 hours of work but the results may not be profitable. And in moments of trails you might have a single breakthrough (a different way of thinking, or doing) which if you apply can double or triple your income. I know this was the case for my twin and I – we were playing games one day after we spent the last few days working on our sites and we took a break from gaming and just tweaked our sites in 3 minutes resulting in an increase of profit by 200%. 

A good point that Robert talks about in his book is about the success of a business starts before there even is a business.  A business with holes in it will not last. You have to hone your skills to judge wheter or not a business or system is sound or not. That comes from experience.

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by Henry

I Got Here, So Can You

February 13, 2007 in Business, Investing, Lessons, Money Making Ideas, Self Development, Success, Wealth

If you are new to the making money business or are just thinking about it, you should probably read this post. I’m not going to go into details about all the ways you can make money now online and offline because there really are countless ways to do it now – many suck, some work, some don’t, some work but are proportional to how much effort you put in. You can just google it and see that there are endless ways to make money now and new ones are popping up everyday. Just two years ago, my twin and I were still in school and making ZERO dollars on the web. We didn’t have a single website, no clue about html, no clue about “affiliate marketing”, CPA, clickbank, Adsense, YPN, blogs, etc etc. So just how did we manage to reach the point where we are now? I think that there are two fundamental reasons how we got to where we are. The first one is this: Not Settling and staying hungry. The second thing is that we believed we could do it.

adsense twin 1 Jan

adsense twin 2 Jan

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