You Need to Know This!
What is The OUTER Game Building Wealth?
What to do, how to do it and
What actions you must take to build wealth.
Before you can do anything that will result in wealth building, you must become aware of what some of the things that you can do to build that additional wealth. There are many ways that you can build additional wealth.
We say that you must be aware of the outer game of wealth building.
First lets become aware of what the outer game of building wealth includes.
The OUTER Game of Wealth Building Includes:
The Outer Game:
what work you do for income - making money
how to manage your money
goal setting
budgeting
saving money
debt elimination
cash flow management
wills
trusts
negotiation
sales and marketing
asset protection
leaving a legacy
offshore - businesses, investing
etc.
Areas of wealth building:
real estate properties, wholesale, retail, foreclosures, owner financing, nothing down and equity sharing.
real estate lease options
building businesses
multiple streams of passive income
stocks and bonds
owning first and second mortgages
owning paper notes and liens
internet entrepreneur
information publishing
direct mail
finder's fees
MLM
affiliate programs
second and discount mortgages
etc.
Actions to Take:
Using the above lists for wealth building, check off the items that you feel you have an above average understanding of and an ability to do what is required to actually get results. You might rate each item on a scale from 1 to 10. A rating of 1 being minimal understanding and ability to build wealth and a rating of 10 being expert understanding and ability of wealth building. Be honest with yourself.
If you rate yourself as above average in several of these items - does your current wealth status reflect this. If YES, good for you! If NO, what stops you from making more headway with your wealth building plans.
How do you plan on improving your understanding and ability of wealth building. Write it down. Create a plan.
The problem is not what you can't do ...
It's what you won't do.
Prosperity is a state of Mind.
Once you have it you will never fear lack.The OUTER Game of Wealth Building Includes:
The Outer Game:
what work you do for income - making money
how to manage your money
goal setting
budgeting
saving money
debt elimination
cash flow management
wills
trusts
negotiation
sales and marketing
asset protection
leaving a legacy
offshore - businesses, investing
etc.
Areas of wealth building:
real estate properties, wholesale, retail, foreclosures, owner financing, nothing down and equity sharing.
real estate lease options
building businesses
multiple streams of passive income
stocks and bonds
owning first and second mortgages
owning paper notes and liens
internet entrepreneur
information publishing
direct mail
finder's fees
MLM
affiliate programs
second and discount mortgages
etc.
Wednesday, October 21, 2009
Its Important to Know the Difference
What is Money?
What is Finance?
Money is the stuff you carry around in your pockets. The stuff you use, handle and spend - everyday. It is personal and practical. For example when you buy cup of coffee or a newspaper you usually pay with money (cash) out of your pocket.
Finance is numbers. Usually large numbers. Numbers which you move around by signing pieces of paper. For example when you buy a house, you sign contracts, mortgages and checks. You don't usually pay in cash out of your pocket.
Today the majority of wealth is in the form of finance - only about 4% of the worlds' money is actually available in cash. The other 96% is in the form of computer bits and bytes and exists only as numbers inside computers. Billions and billions of dollars (finance) are moved from computer to computer all around the world daily. It would be impossible for everyone to go to the banks and get all their savings in cash because the majority of the world's money does not exist in physical form.
Actions to Take:
How to really understand ..... that there really is no scarcity.
As an exercise - Imagine that I were to give you money - $1000 today and tell you that you had to spend this money by midnight. You have to spend it all on what ever you buy. You cannot buy something on payments. Write down what you would buy with the $1000.
Tomorrow I give you more money - $1000 and you have to spend all this money using the same rules as yesterday. All at once. What would you buy? Write it down.
Continue to imagine spending $1000 a day. How long can you do this before you run out of things that you want to buy? A week? Two weeks? A Month? or more? If you spend $1000 a day for 2 years and 9 months you would have spent 1 million dollars.
Someone with a billion dollars spending $1000 a day would have to live 2739 years to spend it all. Use this concept to really get that there is no "Scarcity of Money."
Bill Gates at one time was worth 84 billion - he would have to live 230,076 years to spend it all at $1000 a day. Spending this much money is "Finance" - spending in the abstract.
This exercise will also prepare your mind for you to receive money. You need to be prepared to and have an easy answer in your mind should someone offer you a gift of money. You will now have an immediate idea of what you would buy with a large amount of money. You will now have a receptivity in your mind. Before you may have been unconsciously saying, "Don't give me any money, I don't have anything to use it for. I'm not ready to receive money now. Maybe later."
What is Money?
What is Finance?
Money is the stuff you carry around in your pockets. The stuff you use, handle and spend - everyday. It is personal and practical. For example when you buy cup of coffee or a newspaper you usually pay with money (cash) out of your pocket.
Finance is numbers. Usually large numbers. Numbers which you move around by signing pieces of paper. For example when you buy a house, you sign contracts, mortgages and checks. You don't usually pay in cash out of your pocket.
Today the majority of wealth is in the form of finance - only about 4% of the worlds' money is actually available in cash. The other 96% is in the form of computer bits and bytes and exists only as numbers inside computers. Billions and billions of dollars (finance) are moved from computer to computer all around the world daily. It would be impossible for everyone to go to the banks and get all their savings in cash because the majority of the world's money does not exist in physical form.
Actions to Take:
How to really understand ..... that there really is no scarcity.
As an exercise - Imagine that I were to give you money - $1000 today and tell you that you had to spend this money by midnight. You have to spend it all on what ever you buy. You cannot buy something on payments. Write down what you would buy with the $1000.
Tomorrow I give you more money - $1000 and you have to spend all this money using the same rules as yesterday. All at once. What would you buy? Write it down.
Continue to imagine spending $1000 a day. How long can you do this before you run out of things that you want to buy? A week? Two weeks? A Month? or more? If you spend $1000 a day for 2 years and 9 months you would have spent 1 million dollars.
Someone with a billion dollars spending $1000 a day would have to live 2739 years to spend it all. Use this concept to really get that there is no "Scarcity of Money."
Bill Gates at one time was worth 84 billion - he would have to live 230,076 years to spend it all at $1000 a day. Spending this much money is "Finance" - spending in the abstract.
This exercise will also prepare your mind for you to receive money. You need to be prepared to and have an easy answer in your mind should someone offer you a gift of money. You will now have an immediate idea of what you would buy with a large amount of money. You will now have a receptivity in your mind. Before you may have been unconsciously saying, "Don't give me any money, I don't have anything to use it for. I'm not ready to receive money now. Maybe later."
How to Become a Billionaire ....
H. L. Hunt's Advice.
When H. L. Hunt was asked what does it take to become a billionaire he said:
You must know what you really want.
You must know what you are willing to sacrifice to get it. And be willing to do what it takes to accomplish it.
You must write it down.
Mr. Hunt in the latter years of his life had a personal income of over 5 Million dollars a DAY. (He should know what he was taking about.)
Actions to Take:
Take Mr. Hunt's advice - do what he asked you to do, above.
H. L. Hunt's Advice.
When H. L. Hunt was asked what does it take to become a billionaire he said:
You must know what you really want.
You must know what you are willing to sacrifice to get it. And be willing to do what it takes to accomplish it.
You must write it down.
Mr. Hunt in the latter years of his life had a personal income of over 5 Million dollars a DAY. (He should know what he was taking about.)
Actions to Take:
Take Mr. Hunt's advice - do what he asked you to do, above.
Form A Realistic View of Your Situation
The Six Levels of Money Mastery ....
Where are you. Where do you want to be.
There is a principle that says that in order to get to
where you want to go ... you must know two things.
Where you are and where you want to go.
That principle applies to money master also.
The six levels of money mastery.
You are not making enough income.
You are making enough income but you are not saving money.
You are saving money but you don't have any investments.
You have investments but your investments are not really going anywhere.
You have it all - you have the income, you are saving money, and you have investments which are profitable, but you do not know what it is all for.
Your know what it is all for and how to use it.
Actions to Take:
Write down which level you think you are at now.
Write down which level you want to be at in the future.
Spend time thinking and studying about getting wealthy.
Write a plan on how to get from where you are to where you want to be.
The Six Levels of Money Mastery ....
Where are you. Where do you want to be.
There is a principle that says that in order to get to
where you want to go ... you must know two things.
Where you are and where you want to go.
That principle applies to money master also.
The six levels of money mastery.
You are not making enough income.
You are making enough income but you are not saving money.
You are saving money but you don't have any investments.
You have investments but your investments are not really going anywhere.
You have it all - you have the income, you are saving money, and you have investments which are profitable, but you do not know what it is all for.
Your know what it is all for and how to use it.
Actions to Take:
Write down which level you think you are at now.
Write down which level you want to be at in the future.
Spend time thinking and studying about getting wealthy.
Write a plan on how to get from where you are to where you want to be.
Saturday, October 17, 2009
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Home » People » How to Become a Rich Billionaire
How to Become a Rich Billionaire
by Rana Sinha in People, June 10, 2008
What does it take to become a billionaire? Are rich billionaires rags to riches stories or did they inherit their wealth? Are there any similarities in the way people get rich so you can detect a pattern and copy it to get rich?
Do you want to be a rich billionaire or a multi millionaire?- A US dollar billionaire and not the Zimbabwe dollar kind.
Photo source: Wikimedia Commons
You wouldn’t be the only person in the world to be wishing this. Billionaires (the dollar billionaires) are seen to be possessing everything one can dream of.
What does it take to become a rich billionaire? Do they have special skills or characteristics, which others lack? Are there any rags to riches stories there or did they inherit their wealth? Are there any similarities in the way people get rich so that a pattern could be detected and then replicated by others?
Did these rich billionaires attend the elite Ivy League universities or were they school dropouts? Let us investigate the lives of the richest billionaires today.
Billionaires Born in Wealthy Families
Warren Buffet as the world’s richest man carries on his father’s trade of stockbroker. He got a masters degree from Columbia Business School and took a Dale Carnegie course in Public Speaking.
Carlos Slim Helu at No.2 is the son of wealthy Lebanese immigrants in Mexico. His father gave all the five siblings a bank savings book, so that they could deposit their usual weekly allowances. Their father regularly supervised their savings books, analyzing their expenses, purchases, and activities. Parental guidance taught Carlos about savings and investing.
Formerly No.1 for thirteen consecutive years, No.3 on the 2008 list is Bill Gates, a dropout from Harvard University. He comes from a wealthy and influential family, which supported him to start his venture with friends that eventually became Microsoft. Both his parents were very influential and helped him significantly in his career.
Rags-to-Riches Billionaires
Read more in People
« The World’s 10 Richest Royal RulersJohn Gotti’s Last Photograph: Shocking Downfall of the Dapper Don »
At No.7 of the Forbes list is the Swede Ingvar Kamprad of IKEA fame. He is the first in the list with a father or mother who wasn’t wealthy. He started his business by selling matches from his bicycle to neighbours near the farm in Sweden where he was born. Despite having a fortune of 31 billion US $ Kamprad still lives frugally and visits IKEA stores for the cheap meals (they are very good, cheap, and tasty). He learnt to cope with dyslexia, been exposed as a member in a pro-Nazi organization in the 1940s and alcoholism early in his career.
At No.12 is Sheldon Adelson, with his $26 billion is the son of a Boston cabdriver. His mother’s family was Jewish immigrants from Lithuania and father’s from Ukraine. When he was 12, he borrowed $200 from an uncle to sell newspapers at street corners. He dropped out of college to pursue fifty different businesses, where he lost much in venture capitals and real estate. Sheldon made his fortune by creating the computer industry’s premier show, Comdex, mid-1980s. He rented space for 15 cents a square foot and leased it to exhibitors for $40 a square foot. He finally struck it rich in the Hotel business in Las Vegas.
No. 15 on the list is Roman Abramovich of Russia with $23.5 billion. He lost both parents at age 4 and was raised by poor grandparents. He amassed his fortune when Soviet Union was falling to eventually take over the Russian oil giant Sibneft. Totally opposite in style to Kamprad, he owns the Chelsea football club in UK, planes, luxury yachts, helicopters, and a home that reportedly cost $100 million.
There are others on this list of billionaires that broke many rules articles, books, and courses teach about how to get rich. But they spotted opportunities, took great risks and capitalized on opportunities.
Richard Desmond lived with his divorced mother in a garage apartment. Quitting school at age 14 he become a drummer and worked in a coat-check room. Richard started his first magazine at age 22 and now owns dozens of newspapers and magazines worth $2 billion.
A man worth $2.5 billion, Micky Jagtiani from India dropped out of accounting school in London and took up driving taxis and cleaning hotel rooms to support himself. He also drank a bottle of whiskey a day. In one year every member of his family died. At the young age of 21 he moved to Bahrain with $6,000 of family’s savings. There, he started selling baby products. His chain is now one of the most profitable retail groups in the Middle East.
The richest man in Asia or $26.5 billion owner Li Ka-Shing came to Hong Kong from China in 1940. He was forced to quit school at fifteen to work in a plastic factory after his father died. Then he started manufacturing plastic flowers with borrowed money. This business grew into Cheung Kong Industries, a conglomerate with stakes in telecom, property and supermarkets.
Kirk Kerkorian with a fortune of $16 billion, is the son of Armenian immigrants. He dropped out of school in the eighth grade to take up boxing. Kerkorian then started flying across the Atlantic in World War II. His company MGM Mirage owns more than half the hotel rooms on the Las Vegas Strip.
A man worth $20.2 billion, Amancio Ortega from Spain was the son of a railway worker. With borrowed $25 and help from his then wife Rosalia Mera, who is now also a billionaire, he created gowns in his living room and sold these to customers. Ortega owns Inditex, one of the world’s most successful clothing manufacturers, best known for the Zara brand.
The billionaire ($1.5 billion) celebrity author of the Harry Potter series, J.K. Rowling lived on welfare while finishing her first Harry Potter story. She had been working as a free-lance English teacher in Portugal. As a single mother, she returned to the U.K. after her mother had died.
Image via Wikipedia
Oprah Winfrey was born in rural Kosciusko, Mississippi. On her grandmother’s farm, Winfrey often wore dresses made of potato sacks, causing children to make fun of her. Oprah has explained that her conception was due to a single sexual encounter between two teenagers, Vernita Lee, a housemaid, and her father, Vernon Winfrey, a coal miner. From the age of nine Oprah was reportedly sexually molested by male relatives. At 14 she reportedly gave birth to a premature baby, who did not survive. Now Oprah is the reigning queen of American television with a fortune of $2.5 billion.
Vital Skills for Becoming Rich Billionaires
So, it seems that there is no common magic recipe to copy and become a billionaire as each one of these billionaires has had a unique route to success, however controversial that may be. Some had to face terrible tragedies and hardship, which would have destroyed many other human beings. Others did not have these hurdles to overcome but all of them had to work really hard. All of them had to integrate aspects of themselves, which could be called the ‘dark side’ or ‘the shadow’ as the great psychologist Carl Gustav Jung called it, into their personality and function convincingly among other human beings. We could say that the greatest effort they invest in order to become successful is with their own selves.
Self-management is the most difficult part of management skills needed to become a billionaire.
Along with this skill for self-management, there are however, four additional common factors in all these billionaire life stories.
They all had a burning desire to be successful, and they relentlessly pursued their goals without losing faith in themselves.
Secondly, each one of them had an inner conviction. They saw themselves as successful in their mind’s eye and did not give up in spite of all difficulties. This ability to first visualize success and maintain this vision seems to be a key component for success in all fields.
Thirdly, they all took major risks in thinking out of the box and acting consistently.
Lastly, they all understood the value of networking and engaging other gifted people.
Even if you don’t become a billionaire, you can get so much happiness by beginning to appreciate and being more thankful for what you have. If you can’t get what you’d love, love what you’ve got.
About
Contact
Advertise with us
Submit an Article
Home » People » How to Become a Rich Billionaire
How to Become a Rich Billionaire
by Rana Sinha in People, June 10, 2008
What does it take to become a billionaire? Are rich billionaires rags to riches stories or did they inherit their wealth? Are there any similarities in the way people get rich so you can detect a pattern and copy it to get rich?
Do you want to be a rich billionaire or a multi millionaire?- A US dollar billionaire and not the Zimbabwe dollar kind.
Photo source: Wikimedia Commons
You wouldn’t be the only person in the world to be wishing this. Billionaires (the dollar billionaires) are seen to be possessing everything one can dream of.
What does it take to become a rich billionaire? Do they have special skills or characteristics, which others lack? Are there any rags to riches stories there or did they inherit their wealth? Are there any similarities in the way people get rich so that a pattern could be detected and then replicated by others?
Did these rich billionaires attend the elite Ivy League universities or were they school dropouts? Let us investigate the lives of the richest billionaires today.
Billionaires Born in Wealthy Families
Warren Buffet as the world’s richest man carries on his father’s trade of stockbroker. He got a masters degree from Columbia Business School and took a Dale Carnegie course in Public Speaking.
Carlos Slim Helu at No.2 is the son of wealthy Lebanese immigrants in Mexico. His father gave all the five siblings a bank savings book, so that they could deposit their usual weekly allowances. Their father regularly supervised their savings books, analyzing their expenses, purchases, and activities. Parental guidance taught Carlos about savings and investing.
Formerly No.1 for thirteen consecutive years, No.3 on the 2008 list is Bill Gates, a dropout from Harvard University. He comes from a wealthy and influential family, which supported him to start his venture with friends that eventually became Microsoft. Both his parents were very influential and helped him significantly in his career.
Rags-to-Riches Billionaires
Read more in People
« The World’s 10 Richest Royal RulersJohn Gotti’s Last Photograph: Shocking Downfall of the Dapper Don »
At No.7 of the Forbes list is the Swede Ingvar Kamprad of IKEA fame. He is the first in the list with a father or mother who wasn’t wealthy. He started his business by selling matches from his bicycle to neighbours near the farm in Sweden where he was born. Despite having a fortune of 31 billion US $ Kamprad still lives frugally and visits IKEA stores for the cheap meals (they are very good, cheap, and tasty). He learnt to cope with dyslexia, been exposed as a member in a pro-Nazi organization in the 1940s and alcoholism early in his career.
At No.12 is Sheldon Adelson, with his $26 billion is the son of a Boston cabdriver. His mother’s family was Jewish immigrants from Lithuania and father’s from Ukraine. When he was 12, he borrowed $200 from an uncle to sell newspapers at street corners. He dropped out of college to pursue fifty different businesses, where he lost much in venture capitals and real estate. Sheldon made his fortune by creating the computer industry’s premier show, Comdex, mid-1980s. He rented space for 15 cents a square foot and leased it to exhibitors for $40 a square foot. He finally struck it rich in the Hotel business in Las Vegas.
No. 15 on the list is Roman Abramovich of Russia with $23.5 billion. He lost both parents at age 4 and was raised by poor grandparents. He amassed his fortune when Soviet Union was falling to eventually take over the Russian oil giant Sibneft. Totally opposite in style to Kamprad, he owns the Chelsea football club in UK, planes, luxury yachts, helicopters, and a home that reportedly cost $100 million.
There are others on this list of billionaires that broke many rules articles, books, and courses teach about how to get rich. But they spotted opportunities, took great risks and capitalized on opportunities.
Richard Desmond lived with his divorced mother in a garage apartment. Quitting school at age 14 he become a drummer and worked in a coat-check room. Richard started his first magazine at age 22 and now owns dozens of newspapers and magazines worth $2 billion.
A man worth $2.5 billion, Micky Jagtiani from India dropped out of accounting school in London and took up driving taxis and cleaning hotel rooms to support himself. He also drank a bottle of whiskey a day. In one year every member of his family died. At the young age of 21 he moved to Bahrain with $6,000 of family’s savings. There, he started selling baby products. His chain is now one of the most profitable retail groups in the Middle East.
The richest man in Asia or $26.5 billion owner Li Ka-Shing came to Hong Kong from China in 1940. He was forced to quit school at fifteen to work in a plastic factory after his father died. Then he started manufacturing plastic flowers with borrowed money. This business grew into Cheung Kong Industries, a conglomerate with stakes in telecom, property and supermarkets.
Kirk Kerkorian with a fortune of $16 billion, is the son of Armenian immigrants. He dropped out of school in the eighth grade to take up boxing. Kerkorian then started flying across the Atlantic in World War II. His company MGM Mirage owns more than half the hotel rooms on the Las Vegas Strip.
A man worth $20.2 billion, Amancio Ortega from Spain was the son of a railway worker. With borrowed $25 and help from his then wife Rosalia Mera, who is now also a billionaire, he created gowns in his living room and sold these to customers. Ortega owns Inditex, one of the world’s most successful clothing manufacturers, best known for the Zara brand.
The billionaire ($1.5 billion) celebrity author of the Harry Potter series, J.K. Rowling lived on welfare while finishing her first Harry Potter story. She had been working as a free-lance English teacher in Portugal. As a single mother, she returned to the U.K. after her mother had died.
Image via Wikipedia
Oprah Winfrey was born in rural Kosciusko, Mississippi. On her grandmother’s farm, Winfrey often wore dresses made of potato sacks, causing children to make fun of her. Oprah has explained that her conception was due to a single sexual encounter between two teenagers, Vernita Lee, a housemaid, and her father, Vernon Winfrey, a coal miner. From the age of nine Oprah was reportedly sexually molested by male relatives. At 14 she reportedly gave birth to a premature baby, who did not survive. Now Oprah is the reigning queen of American television with a fortune of $2.5 billion.
Vital Skills for Becoming Rich Billionaires
So, it seems that there is no common magic recipe to copy and become a billionaire as each one of these billionaires has had a unique route to success, however controversial that may be. Some had to face terrible tragedies and hardship, which would have destroyed many other human beings. Others did not have these hurdles to overcome but all of them had to work really hard. All of them had to integrate aspects of themselves, which could be called the ‘dark side’ or ‘the shadow’ as the great psychologist Carl Gustav Jung called it, into their personality and function convincingly among other human beings. We could say that the greatest effort they invest in order to become successful is with their own selves.
Self-management is the most difficult part of management skills needed to become a billionaire.
Along with this skill for self-management, there are however, four additional common factors in all these billionaire life stories.
They all had a burning desire to be successful, and they relentlessly pursued their goals without losing faith in themselves.
Secondly, each one of them had an inner conviction. They saw themselves as successful in their mind’s eye and did not give up in spite of all difficulties. This ability to first visualize success and maintain this vision seems to be a key component for success in all fields.
Thirdly, they all took major risks in thinking out of the box and acting consistently.
Lastly, they all understood the value of networking and engaging other gifted people.
Even if you don’t become a billionaire, you can get so much happiness by beginning to appreciate and being more thankful for what you have. If you can’t get what you’d love, love what you’ve got.
Tuesday, October 6, 2009
Categories > Finance and Business > Managing Your Money
Article Discuss Edit HistoryShare
How to Make Money Fast
Need a little extra cash in a hurry? Follow these steps and you're bound to have a fuller pocket by the end of the week. It may not be much, and it may not be reliable, but your options are limited if you're short on time. Later, you can read up on long-term ways to make money. Otherwise, hurry up and follow these steps so you can make money ASAP!
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[edit]Steps
Consider day labor. There are employment agencies that specialize in this type of arrangement, and you can get paid at the end of the workday. The jobs you find through an agency can vary, but are usually in construction, factories, offices, and manufacturing. An alternative to finding day labor is to go where other day laborers meet (usually street corners or parking lots) and wait for employers (building contractors, landscapers, home owners and small business owners). If you go the non-agency route, you might get paid in cash. You can also check your local newspaper or internet classifieds to find quick labor gigs, like painting, mowing, or moving work. When considering a day labor opportunity, keep in mind that less formal arrangements could result in you not getting paid or worse, you getting injured without any kind of compensation.
Sell something. Dig out that old guitar you never play, those CDs you don't listen to anymore, or your antique toy collection. Go to the pawnshop, put an ad on local internet classifieds, or hold a yard sale in front of your house or on a busy street corner (just display the item with a big sign announcing the ridiculously low price). Price items at half of what somebody would be able to buy them for anywhere else, and you may be able to sell them within an hour or two. You can also sell items online at web sites like eBay, Amazon and Craig`s list.
Fill out surveys online. Companies who want to know what’s on the minds of their customers are willing to pay for your opinion. Online surveys won’t make you rich, and won’t allow you to quit your day job, but you can make a little extra cash. When choosing between surveys, read the fine print. There is usually an asterisk near the "you won" part. This means you have to do something like buying stuff before you even get to talk about your prize. Don't fall into these sorts of traps, they're ridiculously difficult and not worth it. In general, the more companies you sign up with, the more survey requests you’ll receive in your email and more opportunity you’ll have to make money.Generally you have to pay a minimal fee to have access to these survey sites.
Become a street performer. If you can dance, play music, or tell jokes, you can probably get some cash by performing in public. But don't do this unless you are actually good at it. Put together a good act and find a place to perform. Give people a dose of live entertainment, and hopefully they'll reward you with tips.
Panhandle. A panhandler is a person who depends on the spontaneous charity of strangers for their survival. If you really need the cash, you might swallow your pride and decide to ask for help. Make a sign, find a good location, ask politely for money, and say thank you. Cyberbegging is becoming increasingly popular, and there have been some amazing success stories, but these are the exception rather than the rule. While there are some sites on which you can beg just by putting up a brief ad, if you're looking to make any substantial money you'll probably have to build your own site and invest the time and money into it to make it successful.
"Donate" plasma. Plasma is a component of blood, and the process is similar to donating blood. You're not permitted to actually sell your plasma, but you can be compensated for your time spent donating (and essentially, it's like selling your plasma). Your blood is drawn, the plasma is separated, and the red blood cells are returned to your body. You can make US$20-30 per visit and give plasma twice a week, but you must weigh at least 110 pounds, be between the ages of 18 and 59, and be in good health.[1] Many college students do this to make extra cash.[2] If you haven't been to the doctor in a while, this may be a good way to get a free health checkup.[3]
One person's trash is another's gold mine.
Recycle. Broke because you bought too much soda? Turn the old cans into cash by bringing them in to be recycled. If you don't have your own cans, go looking for them in trash cans or along busy roads, especially rural roads. Call up several recyclers to compare prices. If you live in a state with a bottle or can deposit system, you may be able to get 5 or 10 US cents per container. Other scrap metals are also worth something, so if you've got a big pile of scrap in your backyard or you know of an illegal dumpsite, you can pick it up in your truck and anywhere from 1 or 2 cents per pound for scrap steel to considerably more for metals such as copper or aluminum.[4]
Open a lemonade stand. Especially if you're a kid, a lemonade stand or baked goods stand can bring in good money in one day. If the lemonade isn't selling, or you want to diversify, sell cookies and brownies as well. The important thing here is to find a good location, like the main entrance to an apartment building, outside a shopping center, on a busy corner near your house, or outside one of your parents’ workplaces (if you're a kid; otherwise you might get in trouble).
Enter sweepstakes. By choosing sweepstakes carefully, you can increase your likelihood of hitting the jackpot (or at least getting a few useful freebies that you can sell, as mentioned above). Search the internet-- there are even internet databases, some free and some by subscription only, that can clue you in to hundreds or thousands of sweepstakes. Sweepstakes with smaller prizes can be great because you generally have a more realistic chance of winning. Don't, however, waste your time entering a sweepstakes for a prize you don't want and can't easily sell for a good profit. Enter as many times as possible. The more times you enter, the better your odds. It's as simple as that. Before you send in a million entries, however, make sure you know how many entries the rules allow you.
Become a moving advertisement. Creative marketing companies might be willing to pay you to get their name out there. Some interesting strategies that people have gotten paid for:
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How to Make Money Fast
Need a little extra cash in a hurry? Follow these steps and you're bound to have a fuller pocket by the end of the week. It may not be much, and it may not be reliable, but your options are limited if you're short on time. Later, you can read up on long-term ways to make money. Otherwise, hurry up and follow these steps so you can make money ASAP!
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[edit]Steps
Consider day labor. There are employment agencies that specialize in this type of arrangement, and you can get paid at the end of the workday. The jobs you find through an agency can vary, but are usually in construction, factories, offices, and manufacturing. An alternative to finding day labor is to go where other day laborers meet (usually street corners or parking lots) and wait for employers (building contractors, landscapers, home owners and small business owners). If you go the non-agency route, you might get paid in cash. You can also check your local newspaper or internet classifieds to find quick labor gigs, like painting, mowing, or moving work. When considering a day labor opportunity, keep in mind that less formal arrangements could result in you not getting paid or worse, you getting injured without any kind of compensation.
Sell something. Dig out that old guitar you never play, those CDs you don't listen to anymore, or your antique toy collection. Go to the pawnshop, put an ad on local internet classifieds, or hold a yard sale in front of your house or on a busy street corner (just display the item with a big sign announcing the ridiculously low price). Price items at half of what somebody would be able to buy them for anywhere else, and you may be able to sell them within an hour or two. You can also sell items online at web sites like eBay, Amazon and Craig`s list.
Fill out surveys online. Companies who want to know what’s on the minds of their customers are willing to pay for your opinion. Online surveys won’t make you rich, and won’t allow you to quit your day job, but you can make a little extra cash. When choosing between surveys, read the fine print. There is usually an asterisk near the "you won" part. This means you have to do something like buying stuff before you even get to talk about your prize. Don't fall into these sorts of traps, they're ridiculously difficult and not worth it. In general, the more companies you sign up with, the more survey requests you’ll receive in your email and more opportunity you’ll have to make money.Generally you have to pay a minimal fee to have access to these survey sites.
Become a street performer. If you can dance, play music, or tell jokes, you can probably get some cash by performing in public. But don't do this unless you are actually good at it. Put together a good act and find a place to perform. Give people a dose of live entertainment, and hopefully they'll reward you with tips.
Panhandle. A panhandler is a person who depends on the spontaneous charity of strangers for their survival. If you really need the cash, you might swallow your pride and decide to ask for help. Make a sign, find a good location, ask politely for money, and say thank you. Cyberbegging is becoming increasingly popular, and there have been some amazing success stories, but these are the exception rather than the rule. While there are some sites on which you can beg just by putting up a brief ad, if you're looking to make any substantial money you'll probably have to build your own site and invest the time and money into it to make it successful.
"Donate" plasma. Plasma is a component of blood, and the process is similar to donating blood. You're not permitted to actually sell your plasma, but you can be compensated for your time spent donating (and essentially, it's like selling your plasma). Your blood is drawn, the plasma is separated, and the red blood cells are returned to your body. You can make US$20-30 per visit and give plasma twice a week, but you must weigh at least 110 pounds, be between the ages of 18 and 59, and be in good health.[1] Many college students do this to make extra cash.[2] If you haven't been to the doctor in a while, this may be a good way to get a free health checkup.[3]
One person's trash is another's gold mine.
Recycle. Broke because you bought too much soda? Turn the old cans into cash by bringing them in to be recycled. If you don't have your own cans, go looking for them in trash cans or along busy roads, especially rural roads. Call up several recyclers to compare prices. If you live in a state with a bottle or can deposit system, you may be able to get 5 or 10 US cents per container. Other scrap metals are also worth something, so if you've got a big pile of scrap in your backyard or you know of an illegal dumpsite, you can pick it up in your truck and anywhere from 1 or 2 cents per pound for scrap steel to considerably more for metals such as copper or aluminum.[4]
Open a lemonade stand. Especially if you're a kid, a lemonade stand or baked goods stand can bring in good money in one day. If the lemonade isn't selling, or you want to diversify, sell cookies and brownies as well. The important thing here is to find a good location, like the main entrance to an apartment building, outside a shopping center, on a busy corner near your house, or outside one of your parents’ workplaces (if you're a kid; otherwise you might get in trouble).
Enter sweepstakes. By choosing sweepstakes carefully, you can increase your likelihood of hitting the jackpot (or at least getting a few useful freebies that you can sell, as mentioned above). Search the internet-- there are even internet databases, some free and some by subscription only, that can clue you in to hundreds or thousands of sweepstakes. Sweepstakes with smaller prizes can be great because you generally have a more realistic chance of winning. Don't, however, waste your time entering a sweepstakes for a prize you don't want and can't easily sell for a good profit. Enter as many times as possible. The more times you enter, the better your odds. It's as simple as that. Before you send in a million entries, however, make sure you know how many entries the rules allow you.
Become a moving advertisement. Creative marketing companies might be willing to pay you to get their name out there. Some interesting strategies that people have gotten paid for:
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