ideas about how to make money

Australia's 2010/2011 Budget

2010-05-12T09:32:00.002+10:00

The Labor party must want to get kicked out of the Government. This Budget is just plan stupid, seriously.

Why is it stupid:

The labor government expects the highest terms of trade in 60 years. Nice one Swan
1 Billion Dollars to fix labor failed Immigration Policy
1 Billion Dollars to fix labor failed Pink Bat Program

It is an election year and they got the budget wrong, im not going to write how else the budget is stupid as the list would be to long but on the same day the budget is announced there is a news story that 79 Asylum Seekers have been housed in a Motel in Brisbane. Nice use of tax-payers money. How can this be allowed to happen and it was even in Wayne Swans electorate and he claims not to know anything about it. Im 95% sure labor will not be in Government after this election.

Getting Kids to start Young

2009-12-23T11:17:00.000+11:00

Does your child save any of their money?
What money should he or she be saving and how much?

A child should have a savings account that they cannot use until they are 16 which means that they arent going to spend it on toys and sweets.
They should be saving atleast 60% of there birthday money, if they get pocket money atleast 50% of that aswell and if they have a job depend on how much the earn the should be saving atleast 10% if they earn under $50 but over that they should be saving 50% of everything.

When i was Younger i didnt get pocket money but i did have a paper route which i got between $15 - $30 a week and 95% of that went into my savings by the time i was 15 i had $1,300 in savings. Then i got a job a McDonalds and i worked between 15 -20 hours a week earn up to $250 a week. I was told by my parents to say atleast 50% but i though what do they know its not like i dont know what i am doing and as i didnt go out much i saved 80% of all money that i earn and by the time i was 17 and a half i had $6,000 in savings. These savings are not to be used though my first car or a Computer the reason i was saving was for the sake of saving and to improve my financial future. At the time i was getting over $240 interest a year or $20 a month which i thought was awsome.

Now i continue to saving and my saving just keeps growing.

Also refer back to the last post about budgeting it meant that i earned in interested $0.65 a day, $0.02 an hour and $0.0004 a minute

Christmas is Coming (Budgeting)

2009-12-15T11:03:00.002+11:00

Oh yah Christmas is Coming that means we get presents soon.

Oh wait but that means i need to buy presents soon.

Well it might be to late for this year but Budgeting can really make a difference.
For example if you set aside $2.75 a day for a whole year that is over $1000 that you would have for presents.

Budgeting is essential in you every want to get anywere in life. Like saving up for a car or paying off a loan. If you need to Budget break it down into months first and if you think it is still to big break it down into weeks or if you just like the maths like me go futher and break it into days, But no futher unless it is purely for the maths. Hours, minutes and seconds might seem interesting to you but just confuse other people and at a late dat even yourself.

Stick to your Budget

This may be hard for the first few day or weeks but they say after 28 times it becomes a habbit.
If you are saving for something make sure that you dont have a keycard for that account and make sure it is with a different bank to you everyday spending account. This way it takes 3 days to transfer the money and you are less likely to. Also if you think you need to dip into your saving to pay the light bill then you need to evaluate your budget to find out were it is flaud and how you can improve or fix it.

A little stuck

2009-12-02T10:27:00.002+11:00

Im a little stuck on what to write about next. I know that it has been a year and a half since my last blog but i need some thing to write about. leave a comment if you have any ideas. Should i just start blog about the global economy?

Commission Idea #9

2008-07-02T23:47:00.003+10:00

Commission is what you get for refer someone when they buy a product. Eg you refer someone to a car sales man and he sells them a car worth $20,000 and he will pay you $500 for helping him making a sale. The most common way to make commission is though selling people a product for a company and then they pay you for getting them the sale.

Company's like Neways or ACN pay you when you have sold someone of there products for Neways this could be anything from shampoo to a jewellery and for ACN they are a commutations provider in many different country's around the world so when you sell someone a phone plan you get some of what they are spending on the phone bill eg they have a contact of $50 a month and you might get $2.5 a month from that but over 100 people that's $250 and you keep getting commission for there client and up to the 7 people away from you so this is a big money maker.

In ACN you can earn as little as $100 a month to upwards of $100,000 a month and the beauty of it is you don't need to spend much time on it only enough to maybe get another 2 clients a week. Over a period of a year it can make a big difference to you bank account and it is always help to have more money coming in.

Cash in hand Idea #8

2008-06-27T00:58:00.001+10:00

Now cash in hand is not legal but can help pay the bills as there is no tax. For example if you clean offices or houses for cash in hand and get paid $20 per hour and you work 1 hour every work day then at the end of the week you will have $100 which can help pay for rent and it may not sound like a lot but over a year that's just over $5000 so you may even save it. If you have to pay $300 a week for rent then you will only have to spend another $200 a week on rent which in times of when the economy is unstable then this can really help. I myself have used this idea.

What is do is on the weekend usually a Saturday I go to one of the local fair and do temporary tattoos (the cost of the machine is about $360) and pay to set a stall the average cost is usually for setting up a stall is $30, then I sell tattoos for a range small for $2 and large $5 (plus specials). The average total cost for power, ink and other items needed (this includes stall set up price) is usually $130. On average I make between $500 to $700 profit a fair after expenses. Which pays for my rent for that week and I still have a $150 - $450 left. This idea can make you a lot of money but just make sure that you choose what you want to do carefully as sometimes the easiest makes the most.

P.S. I usually spend 5 - 6 hours at the fair (a very good hourly rate).

Financial Goal Idea #7

2008-06-18T23:51:00.003+10:00

Everyone should set a financial goal as this helps you stay on target to retire and still have and income.
Every week i save $40 and put it into a savings account (that i never touch EVER) till I retire at the moment the average interest rate for a savings account in Australia is 7.25% and I would be working 50 weeks a year so I contributing $2000 a year to my savings account.
After 45 years of work (age 20 to 65) I would have $662,129 in savings (before taxes). From that year on I would be able to earn just under $50,000 a year on interest alone(before taxes).

This is also not using bond or any other saving techniques which may yield a higher return making the amount of money that you would have may be larger there for changing these figures. This is one of the slow ways to make money but one of the easiest.

Ebaying Idea #6

2008-06-14T13:00:00.000+10:00

Making money on is e-bay is easier then people think.
What you need is to by a product cheap usually straight from the factory or shop.
I bought DVD's straight from the shop and auction a few with a reserve, but put more then half of then on "buy it now" settings. I bought the DVD at $21 (cheaper as I bought in bulk) and then sold them online for over $60 each plus postage which is usually how much it cost you to post it but you can add cost there eg. I made my postage $10.50 thought it cost me $6.50 to post to cover the cost of pay pal fees. After I sold about 20 DVD's I had made over $800 profit that is including cost. It fast easy and people are looking for items and can't be bothered look around for it and that is what make e-baying so easy and profitable also people have made livings out of buying and selling
on e-bay which just goes to show how it easy is to make money. Also on my bidding page for items I put a link to a site where they can buy the item I am selling yet people don't look and if they had they would have been able to buy the same item for 4 times less then they where bidding.

Stockmarket (buying and holding) Idea #5.2

2008-06-03T12:00:00.002+10:00

Put 10% of your money into stocks to hold them is not the best thing to do with your money but will make you money over a long period of time.
Rule about buying a stock:

Make sure it is stable (has been trading for a while)
Do Not Buy Newly Listed Stocks as they are unstable and could crash making you loss all you money.
Make sure the company you are purchasing stock with has a good finical record (is make a profit)
Has this company been pay dividends if not don't buy it as this is a key factor for buy and holding.
Make sure that your money is spread out and that you don't have more then 25% of your savings in one company.

When you buy stock company's pay you the profit as you own part of that company (a very small part) but if a stock is trading at $10 and there are 600,000,000 stocks and the company is earning 1.2 billion dollar net profit a year then each stock will get a dividend of $2 and you will be give an option to take the money or be given stocks that are worth the value of the dividends. Now if you have $10,000 in this company then you will get $2000 in stocks or cash. I recommended that you take the stocks as it means that you will be increasing the amount of money you have in this company and will be getting bigger dividends every year.

A man who was unable to work and was disabled who got $600 a fortnight to live on. Now his father had been putting some of that money into stocks so that his son would have money to be looked after after he died. After a few years his father died and because of what his father had told him he continued to but some of his money in stocks. After another 15 years he went to a broker to see how many stocks he had and found out that just by put money into a stock and get the dividends as stock that he had over 3.2 million dollars worth of stock.

Now if a disable many can do that with $600 a fortnight imagine what you could do with an average salary of $600 a week. Think about this the next time you think about you future.

Property Idea #5.1

2008-05-27T12:00:00.002+10:00

Now when you have saved enough for a deposit on a house and can get a loan (make sure you read the fine print before taking out a loan) to buy you first investment property. The point of the investment property is to rent it out as quickly as you can a the best possible price. Now with the money that is coming in from the rent that should be paying off the loan (make sure it is interest only loan but can be changed) and you should still be saving your 10%. After a while the price of the house will increase (statistic show that over a 10 year period the value of a house doubles) and you then can take the equity from the house - so if the house is worth $300,000 in 2 year it will be worth $360,000 and the $60,000 is the equity - then you can use it to put a deposit on another house and grow your amount of houses over then next few years. After a while you can sell your houses or change the loans over to pay the rest of the loan off.

Savings Idea # 5

2008-05-20T12:00:00.004+10:00

The thing most people don't do is save and this is one of the stupidest things you can do. Everyone should put 10% of there wage into a savings account now before you do this make sure that you don't have any bank accounts with the bank you are going to choose this is so you cannot transfer money from your savings into other accounts and you wouldn't be as likely because there is a 3 day waiting period when you transfer money between different banks. Now saving 10% may seem hard but it isn't i have been doing this for a while and I have never had a problem save 10% of my money. Now this money is not to save to buy a house or a brand new car but to invest.
Now you can invest in any of the following:

Property
Shares (buying and selling) (stock market Idea #2)
Shares (buying and holding)
Bonds (slow)(no post on this subjected)

There are more but for now ill just use these options. (I will write on this topics over the next few weeks so watch out for my upcoming posts)

Post Video's Idea #4

2008-05-13T18:39:00.000+10:00

Some website offer you money for people watching you video's so you can upload video's and for every person that watches it you get paid for them watching it. This is big even the owners of youtube (google) where think about put this in place. You can find a site that will pay you for people that watch your video by searching thought google or any search engine. It is free to do and all you have to do is make video's that you think people will watch they can be about what ever you want they can be funny or just plain stupid they just need to get people's attention.

Write a Book Idea #3

2008-05-08T16:18:00.000+10:00

Writing a book can be used for 2 thing one is to make money and the other is advertising for you business or others. The book doesn't have to be complex but some books i have seen are less then 60 pages long. They are used for advertising by put ads in the back of the book and writing on what you advertising for an example a plastic surgeon in LA wrote a book about the dangers of plastic surgery and gave them to people for free and then when people read it an if they wanted plastic surgery then they rang him up and his business grew by doing this. To publish a book it cost about $50,000 but even if you didn't have an ads in it then if you sold 20,000 books with a royalty fee of $3 per a book you have made it back and selling 20,000 books is not hard. Even if you want to just sell then book then advertising for other is not a bad idea as it usually pays for the fee of making the book.

stockmarket idea #2

2008-05-01T20:39:00.000+10:00

The stock market in Australia has an annual growth rate of 13.5% per year.
The average bank interest is just over 7% a year so even if you buy stocks and hold you will make more money then you did then if you had a savings account. If you where earning $50,000 per year and put 5% of your income into stocks ($2,500) then after 15 years after putting in $37500 into stocks you would have $119437.4 which is $81937.4 profit after 30 years you would have $917575.9 which is $842575.9 profit and if you then retired you would be earning $123872.7 a year from that point in time onwards. Also that 13.5% per year could be higher with a little help from a broker also the stock would have to be stable not stocks that have just been enlisted.

Please note this was not taking into account taxes and broking fees.
You should Consult your financial adviser before making any financial decisions

Blogging Idea #1

2008-04-30T16:38:00.000+10:00

You may ask how do people make money off writing a blog?
What you do is when you have created a blog you can put ad's on your blog through Google Adsense.
If you want to find google adsense visit https://www.google.com/adsense/
After you have done that you will make money every time someone clicks on an ad on your site.
You maybe asking how do u get people to your site?
Well you yourself can pay google a monthly sum to put ad's on sites or search engines.
How much you pay them is up to you.

A refferal link can also make you money because for every person that clicks it and register themselves then you will be paid for that and that is the other way to make money thought Google Adsense.

Welcome

2008-04-29T15:12:00.000+10:00

This blog is about how to make money and there are lots of ways.
Who knows you could become the next Bill Gate's , he had one great idea and that has made him billion yes im talking about Microsoft. So fell free to try out some of my ideas thought they may be wacky and all will be legal.

P.S.

please take into account when making financial decision that i am not a financial adviser and all ideas may not work.

sorry guys and girls always want to do that