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The first way to get rich quick hides significant risks and requires hard work. The second way reduces the hard work in exchange to even higher risk. The third way we are going to discuss now. It is flexible enough and lets you trade risk for hard work or money for risk.
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August is the laziest month in my part of the world and it’s no surprise there have been less posts on this blog this months. But the fellow bloggers don’t sleep - or at least not as much. They have provided a lot of interesting articles. Let’s check them out:
Connie at Blueprint for Financial Prosperity thinks that babies are expensive. Can you argue with her?
If the dropped prices of the houses are still too high for you, check out what does it cost to build a house yourself. Carl’s blog have a lot of information about that as well.
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The first method to get rich quick is not very quick and is taking a lot of hard work. Sure, it’s still faster than buying stocks all your life and getting rich at 65. But I know a lot of people will not like the few years hard work it involves.
The second way to riches can be faster. The work involved can be much less.
Find just one big deal (millions in size) where you can participate - either as a side in the deal or as an agent. Close the deal and make few millions. Then all you need to do is to manage the money so you don’t waste it.
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If you are not familiar with the concept of growing assets, I strongly recommend you to read Passive Investing vs Growing Assets first.
The problem with growing assets by outsourcing is that you need money. If your income is too low you probably won’t be able to afford outsourcing your projects or it won’t be economically efficient for you.
Photo by NoahA at Flickr
For this reason you could be interested to learn about opportunities for growing your assets and income without big startup capital. There are some good ways to do it, so let’s talk about them.
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Most fellow bloggers will tell you there is no chance to get rich quick, but as usual I beg to differ. You can get rich quick. In the next few weeks or months I’ll share at least seven ways to do it. Will you be able to? It depends. You will not like some of the ways I suggest. I don’t like some too. For others you simply won’t be qualified, just like me. But still, that will be seven opportunities to become seriously rich in short time for you to pick.
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What’s the difference between people who earn significant income on the Web and the others who only wish so? Usually the first kind of people look at their websites as business projects while the second blog and hope to make money. If you want to be one of the first and earn alternative income online, look at your web based projects as a real business - it’s not different than running a brick and mortar grocery shop.
Photo by nicolasnova at Flickr
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Enough geeks, it’s time to invite a military guy for a blitz interview. Do you expect a disciplined and dry officer? Don’t. Patrick from Cash Money Life is very friendly fellow and has a glib tongue. His blog offers a mix of personal finance and personal development topics which makes it quite useful even for those who don’t know what a 401K plan means (i.e. those like me).
So, let’s ask Patrick a few questions:
SI: What’s the importance of the education in your life and finances? Would you be doing better or worse if you hadn’t a degree - and is getting a degree worth it?
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What’s the best way to earn alternative income? The simple answer is that it is different for different people - but I know this answer doesn’t help you much. A better answer is that the best way to earn alternative income is through doing something that you enjoy.
Photo by ralphbijker at Flickr
A lot of people seem to enjoy playing with their digital cameras and some are pretty good in doing that - and I want to share few ways to earn income while doing it. Making illustrations usually requires more effort and some talent but making money from them is similar to the other two, so I will talk about illustrations as well.
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Today I had the modest and wise guy who runs My Two Dollars blog to answer a bunch of questions. One of the questions is intentionally very dumb and there is no prize for guessing which one is it. David’s blog is quite balanced and written with a lot of reason so I tried to check if he is as reasonable in his real life.
So, let’s hear David speaking:
SI: Your blog often discusses saving money. Does it work well for you so far? Don’t you regret sometimes for all the things you are not buying because of saving for the future?
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I have a lot of ideas, therefore I will be rich.
Heard that before? I know many people who think this way. Not many of them are rich - most even have a lot of financial problems. There must be something wrong with that point of view then. But aren’t ideas the most valuable thing in the world, aren’t ideas what drives the progress, technology and innovation? I think yes, in most cases good ideas power the progress. But only some ideas do it, while most go into the trash can.
Photo by Felipe Morin at Flickr
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