Creative ways to make money…

This is an interesting thread! I dont think I would be able to sell parts of my pysical aura to make money regardless of the price!

I have been trying to think of new ideas people will pay money for ie new products/inventions like the juice bars that are taking off.

If I could create and run my own empire that would be great, as I LOVE to keep busy and be challenged so anything that fulfils those criteria would be excellent.

The only trouble is everytime i think of something someone else has beaten me to it!

Maybe I could rent out my animals?[confused2]

Trisha[biggrin]

I think it is Keith Cunningham who says to make a profit you –

find out what people want and give it to them.

Cheers

skippygirl [biggrin]

One Honest Idea is.

If you want to make money, ask some one who already does, and you will find most people are happy to share, there way and yards, they travelled in there wealth creation…

serious, im always asking people, and sometimes it helps to play dumb (not being rude.. but being lazy… people will try harder to explain and go into some much more detail, to make sure you got a better understanding but understand fully what they say.)

Cheers,
sis

Wanna Talk About Stocks

Agree..

Ask, be honest and upfront and you’ll be suprised by the help offered..

a friend of mine started up a business from nothing and it’s now ‘taking off’, he’s busy, but enjoying it… the product “beef jerky”…

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Hi All[biggrin]

You don’t need goals to make money, you need goals to know how to maximise your money making abilities & to decide what to do with the money once you have it.

You need to goal set in order to be compliant with the FRSA prior to giving specific financial advice. Under the Act a financial planner must now know their clients goals, objectives and other requirements so that a constructed plan will reflect their wants and needs. Failure to do this could lead to financial and legal repercussions to the advisor, including loss of license, fines or jail terms. The advisor may also be sued for loss, by the client if negligence is proven.

Regards
Bryce Inglis
PS146 Compliant
Property and Investment consultant
[email protected]

Replies on this site are intended as general information only, as any specific investment solutions/advice must only be given in accordance with the requirements set out in the Financial Services Reform Act 2001 and the ASIC guidelines as set out in PS146.

Bryce,

But who in their right mind would use a financial planner!

Of course, if you wanted a bullish position on Nigerian money laundering though…..[biggrin]

Cheers,

Aceyducey

– Jan L.A. van de Snepscheut

“But who in their right mind would use a financial planner”

the very term is misleading isn’t it? most people would assume planners would act in their best interests, not their own. this is impossible when their commissions come from the products they sell. It’s like buying a vaccuum cleaner and asking which one is best – the one that has the highest sales commission of course!

John – 0419 198 856

Hi to all[biggrin]

Thanks to all of you for replying. I was beginning to think I was writing a monolog or worse still something that is boring.

Hi all..have a look at http://www.simplesavings.com.au for way’s to save $
Thanks redwing. I especially liked their calendar idea.

But who in their right mind would use a financial planner
Would it surprise you that a lot of people do, including wealthy people of sound mind?

most people would assume planners would act in their best interests, not their own. this is impossible when their commissions come from the products they sell
So I assume that you also don’t like or use Finance Brokers, Real Estate Agents, Property Managers, Insurance Agents, Stock Market Brokers , etc.

I believe the indutstry is becoming more regulated
The industry became highly regulated with the introduction of the Financial Services Reform Act 2001, the deadline for compliance with PS146 occurring in March 2004, it is monitored and enforced by ASIC.

Of course, if you wanted a bullish position on Nigerian money laundering though
Dishonesty And greed are not limited to the Financial Planning industry. Your comment shows the FSRA and ASIC are working effectively
Fuller details of this scam are found at this link

http://www.aic.gov.au/publications/tandi/tandi121.html

Regards
Bryce Inglis
Investment Advisor
[email protected]

Replies on this site are intended as general information only, as any specific investment solutions/advice must only be given in accordance with the requirements set out in the Financial Services Reform Act 2001 and the ASIC guidelines as set out in PS175.An appropriate professional should be consulted for specific advice

Hi derek[biggrin]

I preferred it prior to March when I didn’t have to use it and was a simple property advisor enjoying simpler discussions that wouldn’t land me in jail if I said the wrong thing I also miss discussions with the likes of crashy and billfromoz

Regards
Bryce Inglis
Investment Advisor
[email protected]

Replies on this site are intended as general information only, as any specific investment solutions/advice must only be given in accordance with the requirements set out in the Financial Services Reform Act 2001 and the ASIC guidelines as set out in PS175.An appropriate professional should be consulted for specific advice

Hi all,[biggrin]

Another reason for goal setting is that by putting our goals in writing or cutting out a picture and sticking it in a scrapbook we are giving our subconscious mind an instruction, and in going about our lives making daily conscious decisions our subconscious is involved in the process to guide us toward a particular goal. We may not be aware of this process, for example, I often hear about people who have used this process remarking how their present home looks like an old picture in their scrap book, even if they had forgotten all about it.

So now let’s start to discuss debt consolidation.
I have heard that whilst the most frequent new years resolution is to reduce/elimininate credit card debt, it is also the one that is most broken.
A credit card if used correctly together with a budget can be a useful tool to reduce costs by giving an interest free period during which time cash can be used to generate income in other ways, for example with a LOC set up with an auto swipe to clear the CC prior to interest being applied .
However a lot of people don’t live in an ideal world.

True life examples;
1/ I know of a married couple who have a Mortgage and a credit card, every two years or so they get to a stage where the credit card is maxed out and they have difficulty in meeting repayments. Their solution is to refinance their home using its capitol gain, pay out the CC and start the same cycle again. I suppose this strategy will work until they max out on their borrowing capacity. Even though they are friends I am prevented from assisting them or making any comment until they decide to appoint me to assist them.

2/ Whilst working briefly as a Mortgage Broker a couple presented to me with $80,000 of credit card debt. They had a very nice home in a middle class area, and were self employed on a good income. They were also having difficulty with payments. Upon examination of their situation even though they had enough equity in their home the max amount they would be able to borrow, due to repayment requirements was $40,000 leaving a shortfall of $40,000.Although I could have ferreted around to see if I could overcome this I also inspected the history of their 4 cards and found that one of them had a max limit of $20,000 and the bank had stopped its use. At this time the total CC debt was $60,000, their solution being to apply for another card from the same bank, which issued them with another $20,000 card, even though they had stopped credit. This card was used to make a $5,500 purchase within 7 days of issue and was used for further purchases to a total of $18,000 within 21 days. At this point I decided that they needed financial assistance and encouraged them to seek appropriate advice.

3/ Later whilst working as a Property Consultant I visited a couple who proudly showed me that they were on track with their LOC, you know the fancy curved green curved line that sales people at wealth creation seminars etc show you, but only 15% of people achieve. When I checked their credit cards it showed that the total limits had increased from $3,000 to $20,000 over the same period. They seemed to be surprised when I informed them of the advantage of transferring this debt to their line of credit and disappointed about the flash green line.

From the above it can be seen that debt consolidation without addressing underlying problems is not the answer and that it is in a banks best interest not to inform their clients

Again I have run short of time and will continue later

Regards
Bryce Inglis
Investment Advisor
[email protected]

Replies on this site are intended as general information only, as any specific investment solutions/advice must only be given in accordance with the requirements set out in the Financial Services Reform Act 2001 and the ASIC guidelines as set out in PS175.An appropriate professional should be consulted for specific advice