FatCat's Money Confessions

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I'm in need of ways to make some money and currently looking at so many online ideas. from ebay to google money pro. Even looking at a site that said 'HOW I EARN £14,576.92 PER MONTH" selling for 39.99 pound. Is anyone out there using any of these and really making money? I'm looking at these because I am really short of funds to do anything else. Please help........

Any comments would be appreciated

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I'd steer clear of sites like "How I earn £14,576.92 per month" because the way they're probably making it is from selling these "ideas"!

There's no quick and easy way to make money, but if you're willing to put in time and effort there are plenty of opportunities. You have to be patient though.

What do you need the money for? How much do you need? Are you after income or a lump sum? What is your timeframe for making the amount of money you need? We can all probably help more if you have the answers to these questions.

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I am with Matthew

Money is made by adding value to something or someone's life and there are plenty of opportunities to do that.

Look for someone else's problema and you have found a potential way to make a return (money) by solving it.

eg you have a problem (need money) these schemes seem like a solution so you are willing to pay them money.

As Matthew says we need a better desription of the situation

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Thank you for all the replies. I sincerely thank all the input.

Cut a long long story short. I'm unable to work and home bounded due to illness and breakup. Desperate to find ways to make income online to pay mortgage and bills. Lost a lot of $ trusting friends that I cannot recoup. I have to start my earning life all over again from scratch. That is learning as well as earning!

I have been spending lots of time on the internet in search of new skill or ways such as those mentioned. The "How I earn...." was advertised on the MySpace website. Then there is the ebay phenomenon. Perhaps learn how to sell stuff there beginning with my own stuff :(

I have the time and will put in the effort. I have the patient but might not have the time to wait. I need to earn an income "yesterday" so to speak.

Then there is the CFDs / Options trading, the e-mini trading but all require huge "Education" fees to begin with which I haven't got. Hence the turning to those offer huge income or return for very little COST. I have wasted much $ already in the past and not willing to anymore that's why I request help here!!!!

I even got sent a "Secret Business" plan that teach you how to recover money for people and you get a fee for it and it cost $3999.00.

I am willing to work but must be at home and very little cost!

Hope to hear from you all again with great anticipation.

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The eBay plan isn't such a bad one - start with your own stuff and build it into a little business of your own by starting to sell other things. You will need a plan to figure out the logistics of buying stuff wholesale and then delivering it to your clients. Anyone have any input on this?

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Don't buy into any of these courses!! The only person who will get rich is the person selling them!

I feel for you with your current situation...not easy to start again from scratch. But you must not panic and jump into something - there's an old chinese proverb:

"The shortest route is to take the longest route first"

Basically, short cuts often take you the wrong way and end up taking longer.

A couple of things you can do are:

1. Start up a home-based business, selling items that you can easily deliver. This is easier said than done as you have little capital, so it would have to keep inventory low and have a means to sell items to lots of people. EBay is not a bad option, but there's lots of competition there. And with the economy slowing a bit, this may not be the best option.

2. Learn a new skill, that you can use from home - building websites (you need to learn how to use DreamWeaver), Photoshop, graphic design, anything to do with IT. You can easily access a global market for your services through sites like ODesk.com, where people bid for projects.

3. Try to get a job as a telemarketer. Lots of these jobs are home-based these days, and you can earn good money if you are good at it. Seek.com.au, CareerOne.com.au are the places to start, as well as the classifieds in all the major and regional papers.

4. Look for home-based jobs through job services like the Aust govt one - http://www.australia.gov.au/Jobseekers.

The key is to steer clear of any get rich quick scheme. They do not exist, except to make the person selling the scheme rich at the expense of people in your situation. If you try to follow this route, your situation is bound to only get worse.

JFK

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Thank you JFK:)
I think I will try #1 by selling all that I owned but can afford to go without items on eBay to begin with. Perhaps that can turn into a business eventually LOL. My friend already started the process under the id of eva2me for me.

At the same time I will have a look at the other options you mentioned!! That oDesk idea sounds great.

Cheers!

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Hello Matthew Reader,
I'm semi-retired and would like to work from home and I would like to help my family as well as taking trips around Australia. I'm not aiming high nor am I looking for a lump sum, $500 to maybe $1000 would be wonderful per month. The timeframe is within a year or beyond. I've been looking all of this year, unfortunately it a scary prospect because they are so many in fact thousands of these Internet scam jobs on offer.
I would be grateful if you could advise me how to find a work from home
possibility. Thanking in anticipation. Madeleine

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This is not quite work from home but...when I was at uni during an exam, I was talking to one of the exam supervisors who was semi-retired and worked during exam time to get a few $$ for holidays. Your situation reminds me of his.

Not sure if you would like this but it is a nice job for a semi-retiree and it covers similar jobs like exam supervisors for schools and unis or supervisors for polling booths. They aren't jobs that are too stressful since you walk around and make sure everyone is behaving but you could be pretty bored if you are more active or social.

Some other ideas are doing surveys online or registering with a market research company that will call u when they have a survey come up. Usually for the non-online ones you will have to travel to somewhere local to do a face to face survey and there aren't always many of them so it is a very casual job. Also, mystery shopping is similar but I've never tried that. Some online survey sites:
- www.emailcash.com.au (sends u a cheque when u've accumulated enough points)
- www.yourvoice.com.au (u don't get cash but u can exchange points for gift cards like wish or coles/myer)
- au.lightspeedpanel.com (u can get money thru paypal again via a points system)
U probably have to join quite a few because they sometimes take forever to ask u to do any online surveys and the points take ages to accumulate.

If you can handle them, have u thought of baby sitting at home? Almost everyone with kids needs childcare. But that also depends on how active you are since kids can be a handful. Also, tutoring primary school is ok too. Sometimes all the kids need is someone there to read aloud to! My sister actually has a tutoring student which she does that for.

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Hello evenmade

Sorry to hear you are in a cashflow bind.

My experience of these "money making ideas" is that they prey on people in real need of funds now. A little while ago I thought I was in real need of some quick funding and i started to look into some of these ventures. The more I looked the less attractive they became.

My research showed that the way to make 14576.92 per month was to sell packages for 39.95 each promising to make just under 15000 per month :-). These sites cost little to set up and have low overhead they participate in an affiliate system where they get a kickback from sending people to other sites and if they make a purchase then some filters back. Have a look at the web address and you can see the kickback component.

The numbers quoted are the best case condition and are the exception as opposed to the rule.

If you can impliment their system and build a big enough network then yes you can make some money but my research shows that it is not as rosy as they make out.

Sorry to be being negative, that is not my usual style, but the majority of these schemes are seriously flawed and border on pyramid selling and or selling air. BTW I wish I had thought up the idea to sell water at a greater price per litre than petrol :-)

My view is that if you are selling something of real value people will purchase and continue to purchase, if you are selling a promise then you can only sell to new customers.

Hope this helps

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It is akin to selling air...maybe you're onto something there :)

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Reminds me of the U.K. If you need to inflate your tyres at a petrol station the air will cost you $1.00, infationary or business.

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I'm with kinda with JFK & Bandwidth... those who can do, those who can't teach.

I dated a guy in marketing, I am very dubious about any marketing campaigns... it's all designed to create a desire for you to want their product.

We all suggesting for you to earn more money....Can I suggest (and maybe you are already doing it!)... but instead of earning more money in, spend less.

I would advocate www.simplesavings.com.au or a similar site? ... some people love it, some don't.

All good!
Cheers

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There are 185 forum topics on FatCat's Money Confessionson Friday
Karen Green, arti sham, marcus clayton and 7 more joined FatCat's Money Confessionson Wednesday
nikki replied to nikki's discussion 'debt bankruptcy'June 26
You were honest and disclosed your information. Did it say anywhere on the application that Bankruptcy excluded you from applying? I don't know if it would preclude you from acceptance but you never can tell. I sympathise with you and am curious t...
arti sham replied to nikki's discussion 'debt bankruptcy'June 25
I have done a debt 9 agreement , I am about to accept a job offer with comminsure which is CBA,they about to do a probity check have disclosed to them that i have done the debt 9 agreement.I am worried whether they will declined the offer to me i ...
BTW any cost incurred in trading are written off against the income although I think brokerage is wrapped up in the capital costs
As far as I can see there is only one entity YOU so the losses and gains are ALL aplieed to you. Unless I am wrong you are filling in personal tax returns for the business income and losses so as far as the ATO is concerned it is all You I am not...
Greg replied to Greg's discussion 'Share Trading offsets'June 22
Thanks Bandwidth, The business is a micro-business and unregistered, so income defaults to me personally. The share trading likewise so I am personally carrying a small business income and ongoing capital losses personally to add the share tradin...
Hello Greg Sorry to hear of your bad run and I hopre you can find a way to settle your affairs in a way that allows you to carry your losses in a way the allows you to write them off. It is a complex matter nad depends on how any income was pres...
Hello Greg There are some good examples on the ATO. I don't know if there are any that meet your needs but worth a look. The structure of your business will change the way losses can be carried
Greg replied to Greg's discussion 'Share Trading offsets'June 21
Thanks Bandwidth, I have been through some tough times so have done all my tax myself - I've had the time and a good understanding is all I've needed. It has been simple so far but just need advice as to which boxes to fill. Could not justify a t...
I am not an accountant and I suggest you talk to a good one, here is my view All the income and loss from share trading is in the name of the entity doing the trading If the business income is a wage you are paying yourself then the losses can b...
Greg added a discussionJune 20
I am carring significant capital losses and since Dec 08 have been actively share trading to recoup, since my business has also been reduced to part-time due to the downturn so I had the time. As a active share trader I have made some trades that ...
nikki added 2 videosJune 17
nikki replied to nikki's discussion 'who is responsible?'June 17
Thanks a bunch for that, I will pass it on to my elderly client. He has been very worried about it. I love this forum :)
JeffK replied to nikki's discussion 'who is responsible?'June 17
OK, so I may have been wrong - not for the first time ;) After reading the link jacquesk supplied and talking to a financial planner I'm ready to admit that I was wrong. It appears that if there's no estate then the lender can't chase rellies. S...
nikki replied to nikki's discussion 'who is responsible?'June 16
I was asked this question by an elderly client on an aged pension where I work. He is in a rental house, has no assets and the bank sent him free credit increases. You know " sign here for a credit limit increase" etc. So he did and now has a larg...

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