Your Dedicated Online Wealth AdvisorPractical tips for managing your money, and making money online!

      Money-Making Tips! (Part 2) 0

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Keep your mind open… be creative!

In addition to the simple money-making tips suggested in Part 1 of this article, there are other alternatives that require more time and effort, but works just as well! So, pick one and start earning some money!

Be a Breeder
If you have pet hamsters and fishes, and have too many of them (because they simply breed too fast!), instead of giving away free to your friends and relatives, sell them! Or exchange for something else! Otherwise, you can bring them to the local pet store and ask if they would ‘adopt’ your pets and pay you a nominal sum.

Be a Tutor
If you have strong academic results, you could provide tuition to the students in your neighbourhood! Otherwise, you could teach a skill too. Computer repair, cooking, dancing, singing and such are good alternatives as well.

Be a Courier
Yes, you can help companies or neighbours courier items to places near your school, work place, or some malls that you hang out often. At times, people might need to courier an important package and prefer someone that they trust.

There are many others, so keep your mind open and be creative! There are lots of services and products that people would gladly pay you for! Stop wasting your time on games and idle chatting on the phone!

      Money-Making Tips! (Part 1) 0

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You don’t need capital to earn some pocket money!

When I was an undergraduate, I was given a humble sum of pocket money every week. After deducting food and travelling expenses, I was reduced to a pauper. So, with a friend, we figured out some money-making avenues, that do not need much capital and pays for our occasional hearty meals! Here, I’ll share with you some of the tips. It will not make you rich, but it will help you to use your time more wisely and earn some income for yourself!

Be a Flyer Distributor
There are numerous event agencies, property agents and such who are in need of flyer distributors. They are usually too busy with work to distribute their marketing flyers themselves. You need not have contacts with these agents to get the job. The next time you see a flyer, call the person (they usually have their contact numbers printed on marketing flyers) directly and ask if they would like to employ your services!

Be a Service Provider
If you are well-versed in troubleshooting computers, televisions, air-conditioners and such, you could provide your service on a part-time basis. Let your friends and relatives know about your skill and charge a fee for service rendered.

Be a Broker
Being a broker means playing “middle man” to transactions. For example, if you have a friend who is a property agent, ask if you were to introduce a potential client to him, could he pay you a broker fee. So, you get paid for introducing clients to him, without doing much work! Some companies do have such policies as well, you simply have to ask.

Be a “Junk” Collector
Well, I don’t mean you literally search the rubbish dumps for gems. Be smart and eye for things that people throw away - because it’s old, because it’s dusty, because they don’t need it anymore, because it’s too bulky and taking up too much space, because because because… There are countless reasons why people throw stuffs away. Some are still in working condition, but perhaps a little old and dirty. Pick up some cleaning and polishing skills! If you see something that is worth more than a penny, pick it up, clean it and sell it online! You can check out eBay and Yahoo! auctions. Any amount that you sell for is profit for you! It may not be a large sum of money, but what was your cost in the first place?

      Accumulating Wealth 0

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For your family, your retirement, your dream house, whatever.

Most of us hope to earn more so we can provide more and provide better for our family and kids. Some of us hope to save more from our monthly paycheck. A number of us hope that one day we can afford that dream house. Yet, only a few of us actually bothered to go the extra mile to realise these hopes and dreams.

Money do not grow on trees. We all know that, yet somehow, we are always sitting there waiting for something to happen, for a windfall to come. We silently wish that the lottery ticket tucked in our wallet will help realise our dreams. It never does, yet we never fail to try again. Why bet your future and your dreams on luck? Didn’t schools always teach that your future is in your own hands? From now on, you are going to determine your own future and you will work hard for it. Crush that lottery ticket! Accumulate wealth, don’t waste it on lottery tickets.

So, how do we accumulate wealth?

First, work out your monthly expenses. Cut the unnecessary expenditures like fine dining, holidays, car accessories… You know what I mean. If you can’t find anything that you can cut down on, then, your only option is to increase your income.

Increase your income
Start by writing down the skills you possess, like playing the piano (or any other instruments), singing, painting, writing, driving, repairing computers, cooking and so on. Then, determine which of it you excel in and can earn you some extra cash. For instance, you could provide the kids in your neighbourhood with piano lessons for some cash in return, or bake some cookies and cakes and talk to the local bakery if they could sell them for you (they get a cut, you get some too). The extra cash would do just fine for you.

If you wish to earn some cash while staying indoors, be tech savvy. There are lots of avenues for you to make some earnings online. There are simple ones like filling up survey forms where you get paid for each survey completed, and writing articles for websites where they provide you with a topic and you start writing. You get about 5 bucks for each article that is approved.

Other complex ones include setting up an e-commerce site where you can market your merchandise. If you do not have any, you can always market somebody else’s products (eg. Amazon, Barnes and Nobles etc) and earn some commission from it. Or auction away the items that have been stored away in your attic for far too long. If they are in your attic, you probably don’t use them anyway. Why not get some cash back? Sort out the items that you think you can sell off. Post them on the online auction sites (eg. Yahoo! Auctions) and start accumulating cash.

Nobody said accumulating wealth was an easy job. You need to constantly look for new ways to generate wealth. So, if you are still keen on accumulating wealth for your family and kids, for your retirement or for your dream house, start working on it!