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Unread 07-27-2017, 01:48 PM   #1
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Default How to gain more financial stability ?

Hello, i am a college student looking for ways to make an income more than getting a job to supplement that. I want someone that knows about besides putting away money for a saving account. What else can be done? i know that it is very important to have people store away for emergency but what else can you do? I don't want to borrow anymore money and create debt. Please let me know thank you
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Unread 07-29-2017, 11:46 AM   #2
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Default Re: How to gain more financial stability ?

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Originally Posted by hienieboo View Post
Hello, i am a college student looking for ways to make an income more than getting a job to supplement that. I want someone that knows about besides putting away money for a saving account. What else can be done? i know that it is very important to have people store away for emergency but what else can you do? I don't want to borrow anymore money and create debt. Please let me know thank you
There is a web site called "the penny hoarder" that has a tons of great ideas. Taking surveys online to make money. Using websites that give you cash back for buying things you would anyway. how to be a mystery shopper.

Also, if you have some money, I use peer to peer investing sites such as Lending Club. Lending club allows you to put money in and make interest off that money but more than a bank. As you are literally lending people money. It is called "passive income". I also invest in "ground floor" which is the same as Lending club but you are lending to real estate flippers.

Finally, I have stocks that I purchased on my own. You can buy them from places like "computershare investor" or Wells fargo shareholder. I have purchased REITs. Which are pretty good. They are real estate investments that get favorable tax treatment ONLY if they pay most of their profits to the share holders. So the dividends are substantial as compared to the cost of the stock.
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Unread 08-12-2017, 01:53 AM   #3
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Default Re: How to gain more financial stability ?

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Originally Posted by hienieboo View Post
Hello, i am a college student looking for ways to make an income more than getting a job to supplement that. I want someone that knows about besides putting away money for a saving account. What else can be done? i know that it is very important to have people store away for emergency but what else can you do? I don't want to borrow anymore money and create debt. Please let me know thank you
Have you tried investing to stocks? Since you're still young it is best to start investing your money. Your money will grow as years go by. Compound interest rates can help it grow.
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Unread 08-13-2017, 09:44 PM   #4
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Default Re: How to gain more financial stability ?

If you're looking for passive ways to earn money, stocks are probably what you can earn the most (and lose the most) on as an investment. If you want something with less risk, CD's (certificate of deposit) are a good choice. But keep in mind you may not have much liquidity because you are essentially locking up a good chunk of your money for a year or more to make a return on the slightly higher interest rates (higher than savings account bank rates).
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Unread 08-15-2017, 11:03 PM   #5
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Default Re: How to gain more financial stability ?

There are plenty ways to make extra money without dealing with stocks. In fact, I wouldn't recommend risking any money on the stock market unless you are either doing well financially or are some type of business expert.

Here are some alternative ways that I can think of to make some money that I've actually tried:


Donating plasma - if you aren't afraid of needles and are in decent physical health, you can make between $300-450 a month (depending on which plasma center you go to) for 8-10 donations in a month.

Selling on eBay or Amazon - Aside from selling your own things, there are a couple of profitable ways you can take this without any significant upfront investment.

Dropshipping - You can look into what is called "dropshipping" which is where you take a company's product and sell it yourself. Once a customer buys it, you order it directly from the company and get paid a cut. While you have to have the cash on hand to order the product initially, you will get the money back plus your cut when payment clears from your customer so you won't have to spend money nor will you have to store inventory.

Picking - picking is where you hit up thrift stores, yard sales, estate sales, or craigslist ads to purchase stuff that people throw out for cheap and sell high. They make a smartphone app that allows you to scan the items that you find to see how much the item sells for on Amazon or eBay. I don't remember the names of the apps at the top of my head but a simple Google search should help you.

Blogging - if you have a blog, you can monetize it. Look up CPA marketing; it's basically where you promote somebody's stuff and get paid a fee when somebody either clicks the ad or affiliate link or goes to their site and does something (this varies based on who you promote). Alternatively, with a little bit of startup capitol, you could also purchase advertising from Google or Facebook to generate traffic to your blog or website significantly quicker. While this can take longer to get going, it can potentially make the most money out of everything in this list if you know what you're doing. This method can also be done with any other website, such as a web store or a fan page; especially if you have a blog attached to them. There are other twists to this method, but if you are interested, you will need to do the research yourself.

I hope I help some of you gain some financial independence!
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Unread 08-16-2017, 04:36 AM   #6
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Default Re: How to gain more financial stability ?

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Originally Posted by DarknessIsMyFriend View Post
Picking - picking is where you hit up thrift stores, yard sales, estate sales, or craigslist ads to purchase stuff that people throw out for cheap and sell high. They make a smartphone app that allows you to scan the items that you find to see how much the item sells for on Amazon or eBay. I don't remember the names of the apps at the top of my head but a simple Google search should help you.
I have done this but in a different way. You buy a piece of furniture that is out of style and you pain it or refurbish it and resell. It is shockingly effective. I had an old tv cart that cost me like $10. I pained it with regular paint and sold it for $50. I get mine off Facebook and an app called "offer up"
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Unread 08-16-2017, 07:09 PM   #7
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Default Re: How to gain more financial stability ?

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I have done this but in a different way. You buy a piece of furniture that is out of style and you pain it or refurbish it and resell. It is shockingly effective. I had an old tv cart that cost me like $10. I pained it with regular paint and sold it for $50. I get mine off Facebook and an app called "offer up"
Yeah, refurbishing things can be very profitable. I used to do the same thing with computers or other electronics several years ago. I would get non working computers or electronics either on Craigslist or I would scout eBay for non working electronic listings for dirt cheap and if it is a problem that I could fix, I would fix up the electronics or buy parts to replace the non working parts inside a desktop or laptop computer and resell the refurbished stuff for a tidy profit.

With basic tech knowledge, there is money to be made off refurbishing electronics. For example: there was this one time several years ago that I purchased a listing off eBay for a non working SSD (solid state drive for those who don't know what they are) which is like computer storage but significantly faster. This was an SSD worth over $300 back then and I bought it for $40 and all it needed was to be hooked up to a working computer and have it's firmware updated. I did this and made over a $200 profit for something that took me maybe 10 minutes to do.

So yeah, there is money to be made if you know where to look. I want to get back into doing these kind of things because I can't see myself working this job for an extended period of time because it is so freaking mindless that I'm getting bored due to lack of stimulation lol.
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Unread 08-17-2017, 05:00 AM   #8
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Default Re: How to gain more financial stability ?

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Yeah, refurbishing things can be very profitable. I used to do the same thing with computers or other electronics several years ago. So yeah, there is money to be made if you know where to look. I want to get back into doing these kind of things because I can't see myself working this job for an extended period of time because it is so freaking mindless that I'm getting bored due to lack of stimulation lol.
It is just another thing that I think I would like to be doing but simply cannot be fit into 2 days off on the weekend when, those two days have to support all of my life. If I had the time I would also buy things off Facebook or offer up which are more valuable than their owners know and or.. care. You can pick up a lot because people are moving and they just want it gone.
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