how do you spend money received from my mylot
By Ajay Sharma
@ajayrekha (491)
India
14 responses
@Gateway78 (96)
• United States
28 Jun 08
there are alot of meaningful uses of money earned on mylot take for instance somone homless and has nowhere to stay is a good canidate for mylot because if enough post are generated by this person he or she can work towards a down deposit of rent of an apartment another good meaningful uses of funds earned is money for misslanous exspenses such as food clothing even meds if needed you could also use this money for donations to organations such as united way , salvation army ,Weeler mission communities in your area .. i hope i,ve answered your question and remember a penny saved is a penny earned.... Gateway78
2 people like this
@ajayrekha (491)
• India
1 Jul 08
A very very good reply to my question. Yes, there are a lot of ways to help others and these extra $$$ can be a good source of these donations. I have a little different opinion with you. I am a trader and investor. I would like these extra $$$ to join my club of investment and I would love to see my investments grow to such a level that I can support my society at a bigger level and thats my dream. I think a Penny invested is a hundred penny gain. Dont mind to see your provery changed a bit. Actually I think so.
@smilyn (2967)
• United States
28 Jun 08
I'm yet to recieve my first payout here. I have not planned of any investment. But currently I have thought to save my money in my paypal account. One of my friends suggested me to buy referrals from the money. But the site she told did not accept payment from paypal account. So I have dropped that idea too. Now so far, if I get my payment, I will accumulate it in my paypal account. I may be buying a good gift for my family members once when I get a good sum of money in my paypal
@ajayrekha (491)
• India
1 Jul 08
Buying a gift for your family is very very good idead. Now after reading you even I may go for it. Dont ever go to buy refferals , they are all scam.
@ajayrekha (491)
• India
1 Jul 08
Spending money on festivals is always enjoying. Mary Christmas in advance.
@jazgottt (1180)
• Poland
30 Jun 08
hi ajayrekha. My first thought was - accumulate it for later use:). I accumulate all money I earn online on my paypal account. When I have 30-50$ I transfer this money to my regular bank account and then put this amount on my saving account. Sometimes I need money immediately and I spend them, but it is rare situation. Money from internet are my extra money, so they generally go to my saving account.
I think that 10$ is not so big amount of money. So it is better to wait for other payouts, from mylot or from other money making sites, because when you have more money , you can spend it on something more expensive:). I think it is great way to save money for something which you want to have, but never had money to buy it. You can accumulate all amount you need to buy it or only a half of this amount with the help of money making sites like mylot:).
Have a nice day, jazgottt.
1 person likes this
@jazgottt (1180)
• Poland
1 Jul 08
Thanks for sharing your ideas, but I prefer to put everything on my saving account which has stable %:). Investing also take some time, maybe less than earning online, but it takes tome and effort to check the investment. I was reading a lot about investing in the past, but I decided to turn every dollar from earning online into my local currency and then do something with my money.
At the moment, I put all my extra money on my saving account, because it gives me ability to transfer it again (without a fee:) to my regular bank account and spend immediately if there will be a sudden need to spend some money. So it gives me freedom and it is a safe form of investing.
When my money will accumulate to higher amount, I will invest it in well-known, oficial investment available in my country. There is a lot of opportunities to invest a money now-a-days.
And accumulating about 30-40$ doesn't last so long:), especially in the months when I am really active online.
Happy posting, jazgottt.
@ajayrekha (491)
• India
1 Jul 08
A very nice reply to my discussion. Yes $10 is ery little amount to get something and one should wait to accumulate it to a big amount. I think keeping it in paypal to wait till $30-40 will not help to grow it. Invest it somewhere to turn these $30-40 to some $40-50 before you withdraw to your local bank account. If have any interest in trading and investment, let me know. I will give you some good resources on internet to read and rethink on it.
1 person likes this
@ajayrekha (491)
• India
28 Jun 08
I thin the best choice. I am also interested in same. Only difference is that you are waiting to save and collect big money to inest in stocks and real estate and I have already invested in stocks and commodities and this little money is going to add to that investment ony.
1 person likes this
@marieCAU (61)
• United States
27 Jun 08
Well, if you post enough to make a payout atleast one a month or one every 5-6 weeks, you can use the money to help finance a website. Thats if you already don't have one. Also, you can use that site to help you earn even more extra money. This might be a good idea for you if you are interested in making money online.
2 people like this
@ajayrekha (491)
• India
28 Jun 08
Good luck for your busines of buying a new site and promoting it further for making more money.
1 person likes this
@lkbooi (16070)
• Malaysia
5 Jul 08
Hi ajay, I haven’t used even a single cent yet for purchasing anything since I received the first payment here. Some of the money had transferred to my bank account and the rest still keeping in my paypal account. I would like to accumulate the money earned here to a certain amount so I then could use it to buy at least a better stuff. You know the money earned here is not big enough to buy thing which we really need. Anyway, it is not worthy to transfer our earning monthly as we have to pay 2.5 dollars for every transfer from paypal to our bank account.
@youless (112140)
• Guangzhou, China
1 Jul 08
I haven't spend money that I have earned from Mylot yet. As the charge will be so high if I withdraw it from Paypal. So the money is still in my Paypal account and I am not going to spend it. I may buy something via the net or think out another way to withdraw the money.
I love China
@choudhary03 (943)
• Hyderabad, India
5 Jul 08
Hi,
I would save all my money in paypal and then after a while i will withdraw it and either invest in MF, SIP, etc. Hope you liked my suggestion.
@ajayrekha (491)
• India
5 Jul 08
My good wishes for you for the day when you will have great money in your account to surprise your bank account. I liked the term "Surprised bank account". Thanks for reply.
@mscott (1923)
• United States
5 Jul 08
At the rate I am going I doubt that I will ever receive any money. I joined the site just for fun although I wouldn't mind getting some money for just posting. I would like to get enough posts to be able to share pictures though, I think that would be cool. Even if I do eventually earn the minimum to get a payout it won't be enough to do much with other than maybe put a couple of gallons of gas in my car. by that time though maybe only 1 gallon.
@RunJackRun (1)
• China
27 Jun 08
Hi all, I'm new comer here. Could anyone tell me how can I get money from mylot and what good will it do?
1 person likes this
@mayank007 (425)
• India
5 Jul 08
as its a good online service for those people who are like housewives old age people who do not able to earn money because of some boundations in their family matters. so they can spent money to fulfill their small family requirments..shopping for their childrens,home necessaties etc..
