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myLot reputation of 94/100. thuhuong (429)   ranked 1,167 out of 26,160 in make extra money 3 years ago

As I get older all the financial skills I need to learn are online and from my own individual self. I know money is not something you learn immediately as it is a life education. Some of us are lucky to have sources to guide us in the right direction, I wish I had one without spending so much whether it be marketing or millionaire's club. Do you have a personal source that helps you to financially achieve your goal and or get where you want to financially in life? If not, how did you teach yourself the skill that matters most? Were you in a pressured situation or hardship which force you to learn these skills?

 

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tags:  life, money, people, personal finance
 
1. myLot reputation of 89/100. mensab (13618)   ranked 6,290 out of 26,160 in make extra money   3 years ago

just like you, i am also learning my personal financial skills lately from all sources. most of what i am learning now are from the internet. i keep on reading many articles on personal finance websites of yahoo, msn, cnnmoney, kiplinger, investopedia, etc. i am also learning from the ways of my japanese friends, but tracking down their expenses in a list. in this way, they are able to adjust their budget and check their expenses on certain categories.


myLot reputation of 94/100. thuhuong (429)   ranked 1,167 out of 26,160 in make extra money  3 years ago

Yes, finance in general is a very complex and intertwined subject. Without looking around you in politics, economics and social happenings, well you might miss something and suddenly when something like the market crashes, you don't even think that it hits you but it does and I guess, learning how to be on your two feet is encouraged more than ever.

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2. myLot reputation of 95/100. Hatley (48777)   ranked 6,194 out of 26,160 in make extra money   3 years ago

thuhuong no as old as I am now I no longer have any personal sources but my social security and ssi and Gold crest gets most of that for my room rent and board. but I do make thirty odd dollars on mylot and another twenty on my survey each month so still have abit of resources. I have never been rich but worked part time til Iwas eighty.


myLot reputation of 94/100. thuhuong (429)   ranked 1,167 out of 26,160 in make extra money  3 years ago

hello hatley, nice to see you in this discussion! Well, basically whichever way you go in finance as long as it is enough to cover for your needed costs, that's all that matters right?

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3. myLot reputation of 70/100. CatGods (2916)   ranked 4,875 out of 26,160 in make extra money   3 years ago

My personal source is the little voice in my head and the internet, the worlds greatest library. Then you need to find things that are fun to do (hobbies or strong interests) or things you know a considerable amount about and then come up with a number of different ways to make money with each idea. Online it's a matter of diversity, i.e. for example online sales, blogging, article marketing, photography, etc. Also replication, it's about maximizing your exposure. How many sites can you put the exact same thing on. It's about allot of things, but most of all it's about residual income which comes from doing some thing once and getting paid for it over and over again. Examples of residual income are, writing books, article marketing, photography, a painting or drawing turning it into prints, a song you wrote, etc.

I'm sorry, I could go on and on because this is one of my favorite subjects. Happy mylotting.


myLot reputation of 94/100. thuhuong (429)   ranked 1,167 out of 26,160 in make extra money  3 years ago

thank you catgods, your reply is actually very good. You have made a few good points that I would like to outline - diversity, replication and residual. I think those keys are wonderful. Oh please go ahead and write on, I love to hear more ideas. :)


myLot reputation of 70/100. CatGods (2916)   ranked 4,875 out of 26,160 in make extra money  3 years ago

well if you have a digital camera you could start building your portfolio of photos for stock photo sites like big stock photo listed in my profile. Or other sites like dreamstime.com or istockphoto.com. Do not list your photos as exclusive on any site. If you so that means you can only sell that image/photo on the site you said exclusive. Yes you get more for exclusive per download, but I would rather make less per download and list on as many sites as I can find. Because in the long run, I'm going to make more money. It's a numbers game. Go to www.thephotographerslife.... there is a nice free download pdf for 101 things to take photos of in and around your home town.
Or you might want to start building squidoo lenses. A nice free pdf is at www.potpiegirl.com
Being that I really don't know the things you like to do, I really don't know allot of what to suggest.


myLot reputation of 94/100. thuhuong (429)   ranked 1,167 out of 26,160 in make extra money  3 years ago

Those are really great ideas. I will try to check them out. I have befriended you so I will be checking out your profile for more ideas. Thanks so much!

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4. myLot reputation of 91/100. flowerchilde (8070)   ranked 3,726 out of 26,160 in make extra money   3 years ago

I hate to say it, but i'm dysfunctional when it comes to working and earning money.. a good wife (housewife) and mother and gramma I am.. which is actually quite good considering things I went through in childhood (which I've forgivenhappy) yet I have educated myself on a lot of things.. and written a couple of really good bookshappy(if only I could sell them) and have another super one to write.. sure would be nice if hubby could retire..


myLot reputation of 94/100. thuhuong (429)   ranked 1,167 out of 26,160 in make extra money  3 years ago

Besides financial I think you have something that is precious and that is a dream of which you're following. Do not give up. I have checked out your profile and saw your blog of poems and followed the link to the publisher. I think that's so great as you have a lot of wisdom in you as well. What is you got no money can buy. Thanks for sharing.

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5. myLot reputation of 86/100. verabear (656)   ranked 6,594 out of 26,160 in make extra money   3 years ago

Hmm... I just blogged about something financial related - about saving up! To be honest, I've been seeing the TV show Til Debt Do Us Part and have been learning from the financial advise that the host gives the couples she helps each week. There's a bit of pressure on my side because there are obligations that have to be met but I am still at that point where I don't have to worry so much. I want to learn to be more wise with my finances so that I don't get to where I will be all pressured to become more mature in that area. Hope I made sense.


myLot reputation of 94/100. thuhuong (429)   ranked 1,167 out of 26,160 in make extra money  3 years ago

Yes you've made a lot of sense and I hope you do share some of those ideas with us here at mylot. I would love to see them in a discussion as well. Thanks for sharing.

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6. myLot reputation of 26/100. qamarep (4087)   ranked 11,257 out of 26,160 in make extra money   3 years ago

yes these online sources are very useful nowadays first million is not even that difficult as it used to be.


myLot reputation of 94/100. thuhuong (429)   ranked 1,167 out of 26,160 in make extra money  3 years ago

You're very right about that. It's so easy to make money even a baby can do it. the only thing that's keeping us from doing so is our habits and sense of management. However, there is so much money out there waiting to be earned and taken.

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