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(Deslidefied)   Want to accomplish the dream many of us have and that is make money by doing nothing? here are 28 ways to do just that   ( deslide.clusterfake.net) divider line
    More: Interesting, Slide, Investment, YouTube, Publishing, Real estate, REFER, Index fund, Slide guitar  
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877 clicks; posted to Discussion » on 02 Feb 2018 at 10:50 AM (23 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



26 Comments     (+0 »)
 
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2018-02-02 09:29:59 AM  
A lot of those involve a lot of work.
 
2018-02-02 10:21:46 AM  
I didn't see one suggestion about donating at the sperm bank.

/Do what you love and you'll never work a day in your life
 
2018-02-02 10:55:50 AM  
I like this investing idea. Who would have thought you could use money to make more money? It's incredible!
 
2018-02-02 11:17:17 AM  
2 of those are things I'd never thought of.

The Amazon referral program...  I have a web page, with a lot of hits, that is nothing more than a review of a product I bought from there.  If I had known about that referral program, I would have linked that up a long time ago.  Now, you bet your ass, I'm setting that right up!

2 of the items on that list, I have been actively pursuing for a number of years.  Ad revenue of off web sites, and ad revenue off of mobile apps.

Now, here is the truth of the matter on those things...
You need to have a ENORMOUS amount of traffic to actually make money using those things.  Fark makes a bunch of their money off of their ads.  And that makes sense.  Because the number of impressions is in the 10,000s a day.  If your site is like mine and gets more like 500 hits a day, you will make about .02 a day.
Apps are just as bad.  Because the app market is SO saturated, it's exceedingly difficult to get your apps noticed.  And that really sucks, because a lot of work goes into those things.

In my experience you could spend months building an awesome game that gets 100 downloads.  Or you could spend 3 hours making a stupid, stupid game, and that one gets downloaded 3000 times a day.

I had one app that last year made about $13k.  Then Google did some fiddlyFarking with their rankings.  Now that same app gets about 100 downloads a day.  My revenue stream went from $1000 a month to $100 a month.  And there is not a goddamn thing I can do about it.  Point being, you have to be extremely lucky to get an app noticed and make money.  You have to be even MORE lucky to keep it there for any period of time.

I have over 25 apps now between iPhone and Android Apps.  They still make way more than my web sites.  But they really don't make much at all.  And I've grown tired of finding new ways to promote them.  It really does seem like 99% of the people out there just don't give a crap.
 
2018-02-02 11:17:58 AM  
9. Be in a commercial.
Any actor will tell you that getting an acting gig - even a commercial - is tough. But if you live in a major metropolitan area, though, it isn't as difficult to become an extra.
If the contract is good, you can make some serious money. One of my friends was featured in a Target commercial that was in heavy rotation during the 2012 Summer Olympics. He got $500 every time it aired and used the cash to pay off a good chunk of his college tuition.


Idiotic.  Unless you live in New York or LA, you're chances of getting this kind of work are infinitesimal.

I'm surprised "buy more money" isn't on this useless list.
 
2018-02-02 11:18:51 AM  

8 inches: I didn't see one suggestion about donating at the sperm bank.

/Do what you love and you'll never work a day in your life


But the chafing...
 
2018-02-02 11:24:03 AM  
And what of the chicks for free? I was told there would also be chicks for free.
 
2018-02-02 11:32:04 AM  
Doing surveys and similar "work" will get you less than minimum wage.  *might* be OK if you're a stay-at-home with an infant/toddler and so you have free time but responsibility.  I did it a little bit, but its like data entry.  Slow and dull.

Referral bonuses aren't a good method either.  Relatively few people offer them, especially as cash, and how many 'friends' do you have that are going to be hiring a plumber?

My favorite has to be 'write a novel and get it published.'  Genius!
 
2018-02-02 11:32:06 AM  

Mugato: A lot of those involve a lot of work.


What?  Like writing a book and selling enough to live on?  Gimme a break.  Have you seen how many books are out there?  Must be super easy.
 
2018-02-02 11:48:38 AM  

Mugato: A lot of those involve a lot of work.


Nope! Wealth is derived from assets. The very wealthy own things that provide them with income. Trump's claimed $10B in wealth earing just one percent a year would yield many times what the highest paid lawyer could earn working day and night.
 
2018-02-02 11:53:47 AM  
Has anyone tried Stash, Acorns, or any similar services? I would like to try investing, but I lack the money and knowledge to go the traditional route. Are they any good for training-wheels starters?
 
2018-02-02 12:20:47 PM  
What are these "high-yield savings accounts" of which they speak?

Interest rates are near zero.
 
2018-02-02 12:51:15 PM  
This list seems to boil down to "get money".

I'll get right on the "starring in commercials" business.

img.fark.netView Full Size
 
2018-02-02 12:51:48 PM  

End_Of_Line: Has anyone tried Stash, Acorns, or any similar services? I would like to try investing, but I lack the money and knowledge to go the traditional route. Are they any good for training-wheels starters?


I was highly suspicious when I read about those. they have to turn a profit by taking a fee before the investment, which offsets your returns. For example, scottrade charges $7 per a trade, so it costs $14 to get your money in and out. Your stock has to make $14 just to break even. If you plan on making a little money in a few years on an average stock, you had better invested at least $1,000. Unless they are saving your change up for a year before investing it (they aren't) they are almost certainly throwing them into penny stocks.
memerewards.comView Full Size
 
2018-02-02 01:01:18 PM  

End_Of_Line: Has anyone tried Stash, Acorns, or any similar services? I would like to try investing, but I lack the money and knowledge to go the traditional route. Are they any good for training-wheels starters?


On the other hand, they may be combining everyone's money to invest in ETFs or something, but any profits you got back would be miniscule unless you invested more. It might be a smart way for a trading company to get more "foot traffic", kind of like handing out free samples at the door. Also, like every trading company, they'll be making money the coin star way, regardless of how much or little you invest.
 
2018-02-02 01:13:42 PM  

Fano: And what of the chicks for free? I was told there would also be chicks for free.


for that, you have to bang on bongos like a chimpanzee.
 
2018-02-02 01:17:44 PM  

Dick Gozinya: Fano: And what of the chicks for free? I was told there would also be chicks for free.

for that, you have to bang on bongos like a chimpanzee.


I tried it.

That ain't workin'.
 
2018-02-02 01:31:11 PM  

rummonkey: Dick Gozinya: Fano: And what of the chicks for free? I was told there would also be chicks for free.

for that, you have to bang on bongos like a chimpanzee.

I tried it.

That ain't workin'.


Well, that's the way you do it.
 
2018-02-02 01:37:46 PM  

Toxophil: End_Of_Line: Has anyone tried Stash, Acorns, or any similar services? I would like to try investing, but I lack the money and knowledge to go the traditional route. Are they any good for training-wheels starters?

On the other hand, they may be combining everyone's money to invest in ETFs or something, but any profits you got back would be miniscule unless you invested more. It might be a smart way for a trading company to get more "foot traffic", kind of like handing out free samples at the door. Also, like every trading company, they'll be making money the coin star way, regardless of how much or little you invest.


Wow. So, I took a shower and thought about it for a bit. The coin star comparison is apt, as they are (effectively) taking a percentage. It's not a fixed fee you can stretch by investing more at a time like the scottrade example above, (as it's always under a dollar) so unless they take %0.14, it would be cheaper to go the scottrade rout. Let's say they charge a penny on your change. The average change back on a purchase would be something like 50 cents. That's %2. That's almost 15 times the cost of the scottrade example. The only way around this is if they didn't charge per a transaction, but monthly. Definitely look into their fee structure first.
 
2018-02-02 01:48:44 PM  
Ok, well, like everything on the internet, someone has already done all the speculation. I should have just looked it up. Acorn is still a shiat deal, just in a slightly different way: https://www.google.com/amp/s/www​.polic​ygenius.com/blog/beware-of-spare-chang​e-investments/amp/
 
2018-02-02 02:00:17 PM  

Toxophil: Ok, well, like everything on the internet, someone has already done all the speculation. I should have just looked it up. Acorn is still a shiat deal, just in a slightly different way: https://www.google.com/amp/s/www.​policygenius.com/blog/beware-of-spare-​change-investments/amp/


Yeah, I figured that was the case, but being that I am such a noob that it was best to ask around first to make sure others had the same take.

Thanks
 
2018-02-02 02:40:01 PM  

Toxophil: Ok, well, like everything on the internet, someone has already done all the speculation. I should have just looked it up. Acorn is still a shiat deal, just in a slightly different way: https://www.google.com/amp/s/www.​policygenius.com/blog/beware-of-spare-​change-investments/amp/


Acorns and Stash charge $1 per month for portfolios under a certain amount. I think $10k and $5k respectively. So yeah, if you've only got $100 in it, and you're paying $12 per year, then that obviously is worthless. Someone is getting 12% to "manage" your 100 bucks. The solution is to have enough in it to make it worthwhile. If you've got $1200 in it, now you're only paying a 1% cost. Much more reasonable.

Get to $2400, and it's 0.5%, and then it bottoms out at 0.25% when you hit whatever the limit is - like I said, I think it's $10k. That's pretty cheap.
 
2018-02-02 03:16:27 PM  
So one of the ideas was to invest in an "index fund".  Ok.  I like that idea.
I have a stock account.  I have a couple of hundred in cash sitting there.  So I go to check the available index funds through my broker.

The minimum investment for any of them is $2,500.

Yeah, if I had $2,500 laying around, I probably wouldn't be looking for easy ways to make money...  But it's good to know for the future. Because it seems that many of those funds DO have a long term upward trend.  So, you know...  When I'm a gazillionaire, I will look into that.
 
2018-02-02 05:14:06 PM  

Mugato: A lot of those involve a lot of work.


Came here to say this.  Just because you get paid long after the project is done, does not mean the project did not take a long time of not getting paid.
 
2018-02-02 07:41:41 PM  

8 inches: I didn't see one suggestion about donating at the sperm bank.



img.fark.netView Full Size
 
2018-02-02 09:24:08 PM  
Strangely absent is getting welfare or disability.
 
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