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Are You Wealthy? email this discussion to a friend?

myLot reputation of 97/100. toni_nakama (2301)   ranked 118 out of 4,099 in enjoy life7 months ago

I have learned from a friend of mine (he is a professional wealth coach) that wealth does not necessarily mean that you have lots of money. What makes a person wealthy is his ability to create money in a short span of time, his resourcefulness and ability to make money out of nothing.


Considering the aforementioned points, do you consider yourself wealthy?


Do you have the ability to create or earn money (cash on hand) in a short span of time? How would you do that?


Also, if you have $10 today, is there a way for you to make this $100 or more after a week, or two, or after a month?


I am not referring to any PTC sites or PTS sites. I am referring to various ways to come up with a real cash on hand.


Personally, I can make money by capitalizing or reselling second hand items (clothes, bags and shoes, books, etc.) and recyclable materials (newspapers, empty cans and bottles, etc.). I believe that I can earn in after one hour of doing this. I can lend the money that I can earn from here to any person needing immediate cash at the legal interest of 5% in a month. This way I can make the money grow, slowly but surely. Or instead of lending it, I can use the money to cook some of my specialty recipes and sell it to my neighbors or friends for me to earn extra in just a day... I have done all of these already and they worked well for me. Believe it or not, some of these ways to earn have been utilized by me since I was as young as 7 years old! lol


Ok, put your thinking caps on and let’s share your creative ideas.

 
 
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tags:  wealth, money, wealthy, rich, being creative
 
1. myLot reputation of 82/100. learn2earn (3856)   ranked 829 out of 4,099 in enjoy life   7 months ago

I sure do admire people like you who have the business savvy. As I read the post you've started, I am learning from it. I like those business ideas that makes me think of ways to make money. By world's standard, I am not wealthy materially. In fact, I am still learning to grow the little sum of money I have. So I am thinking of ways to invest and let it grow! Thank you. happy


myLot reputation of 97/100. toni_nakama (2301)   ranked 118 out of 4,099 in enjoy life  7 months ago

happy Hi learn2earn. Your username really fits this
discussion as well as your attitude to earn and make the best
out of your savings. There are lots of ways to earn and make
our money grow if only we persevere. One thing I am proud
about myself when it comes to business is that no matter how
small time it is, I really don't mind. I will start from
scratch and persevere. I am really a business minded person.
I always come up with ideas and I always get excited with my
ideas. lol

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2. myLot reputation of 98/100. checapricorn (8534)   ranked 24 out of 4,099 in enjoy life   7 months ago

Hi there toni, I've been like that since I was a kid too. Used to asked my mom to buy pack of candies and I will sell it to my classmates...It stopped when I was in High School and used to do it again in my College years, My friend and I will cook some milk candy,cheese stick and food, then sell it to roommates and classmates. I have tried also selling my old clothes as well as lending money with little interest..I love the idea but now, I stopped it...I have few friends here and maybe when I will be able to establish, I'll do that again..Great topic!


myLot reputation of 97/100. toni_nakama (2301)   ranked 118 out of 4,099 in enjoy life  7 months ago

happy Hi che. I have also tried all those that you mentioned.
The funny thing was that i would also buy small macaroons and
re-pack them in nice paper bags, then re-sell them. My selling
tactic was that I would tell my customers that I was the one who
baked it because they wouldn't buy if I tell them that I am just
reselling it. That was when I was 12 years old, and my goodness,
they believed me!!!. lol Naughty me! lol


myLot reputation of 98/100. checapricorn (8534)   ranked 24 out of 4,099 in enjoy life  7 months ago

LOL, Great tactics then toni...I am also very willing to continue that and hopefully, I'll be able to have my dream store someday..LOL!

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3. myLot reputation of 99/100. carolbee (4920)   ranked 413 out of 4,099 in enjoy life   7 months ago

You've had a very busy, successful life. I admire your persistance in investing money wisely. You've thought of ways to earn that are out of the ordinary and great ideas.

I am not wealthy. I'm very comfortable financially. My husband does well. He makes all the investments. I wouldn't know where to start to earn a nice amount in a week's time starting with $10.00 as you mentioned. I did make a couple of loans to friends, no interest, and was really taken to the cleaners. Still trying to recover the most recent loan. Pretty much ruined a friendship. I will never do this again and learned from this experience. Sometimes it doesn't pay to help a friend!

I work away from home approximately 2 days a week. My paychecks are placed in an interest bearing account and never touched. Just a way to have a backup plan in case of an emergency.


myLot reputation of 97/100. toni_nakama (2301)   ranked 118 out of 4,099 in enjoy life  7 months ago

happy Hi carolbee. I feel sad learning about other stories
of ruined friendship because of money. I. myself, had a very
bad experience with a friend of mine who run away with my Php200,000.
She used to manage my financing/lending business. I put up that
business primarily to help her earn her own income as well as her
brother. I was so trusting.


Interest bearing account is one of the safest way to invest money.
That is if you have other income to suffice daily expenses, so you
can just leave some money to sit in your bank account and earn
interest. Thanks for the response carol.

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4. myLot reputation of 90/100. CelticSoulSister (342)   ranked 1,919 out of 4,099 in enjoy life   7 months ago

I'm certainly not wealthy money-wise, but I feel I am extremely wealthy inside of my head in the way that I can appreciate the things I enjoy, such as sunshine, nature, animals, music - all sorts. I have (now in middle age) a head full of memories from my quite colourful past......admittedly not all good memories, but they are still part of a very rich package. I don't feel as though I could want for any more really.


myLot reputation of 97/100. toni_nakama (2301)   ranked 118 out of 4,099 in enjoy life  7 months ago

happy Hi CelticSoulSister. What a good attitude you possess.
That is so admirable of you. This will surely give inspiration to
others as well and provide realization that we have to be content
with the simplest things we have in life. Have a nice day. Tnahks.


myLot reputation of 90/100. CelticSoulSister (342)   ranked 1,919 out of 4,099 in enjoy life  7 months ago

Thank you!!! What a lovely comment to leave. You have a good day too:-)

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5. myLot reputation of 94/100. snowy22315 (5612)   ranked 772 out of 4,099 in enjoy life   7 months ago

There are some ways to make money that are risky. I think selling on ebay is a way to get money that poses no risk but if you are talking about lending people money or gambling that has an element of risk. I ususally put money in a bank account so that it grows that way or I invest it in a cd or mutual fund.


myLot reputation of 97/100. toni_nakama (2301)   ranked 118 out of 4,099 in enjoy life  7 months ago

happy Hi snowy. I believe that in every business, no matter
how small it is, there is always an element of risk involve. Getting
into business requires lots of guts and perseverance. I am just a
natural business-minded person. Yes, lending money is risky, I had
my share of misfortune in this kind of business. Yet, I am still in
it until now, for the last 5 to 7 years (can't remember exactly) of
my life. I agree with you that putting money in the bank to earn
interest is a good way to invest too.

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6. myLot reputation of 48/100. setroc (656)   ranked 3,941 out of 4,099 in enjoy life   7 months ago

im not wealthy

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7. myLot reputation of 96/100. bhubaneshwars (1132)   ranked 1,172 out of 4,099 in enjoy life   7 months ago

Hi Toni beta I have seen you posting this discussion at 2pm, my time, but I am so depressed today, no zeal for anything. But felt a little refreshed in the evening and made the post-“No Zeal”. Next I am responding to your postings one by one. I agree that ‘wealth does not necessarily mean that you have lots of money’. But I don’t agree to ‘what makes a person wealthy is his ability to create money in a short span of time, his resourcefulness and ability to make money out of nothing.’ One can never make money out of nothing; he/she can become wealthy in a short time by dishonest and mean ways, which goes away with interest at the end. I have experienced this many times.
Yes I am wealthy, but my real wealth is my family both at home and around the globe. I can’t earn money in a short time, but earn in various ways that my talents can provide.
It is nice that you can make money by capitalizing or reselling second hand items and recyclable materials and lending money to needy friends. But tell me one thing, is this interest of 5% in a month legal in Australia? Here it is 1 to 2% only.
Blessings.


myLot reputation of 97/100. toni_nakama (2301)   ranked 118 out of 4,099 in enjoy life  7 months ago

happy Hi Papa. To "make money out of nothing" means that
there is no out-of-pocket costs involved. In third world countries
like ours junk shops or recycling shops are very popular. In the
Philippines, some families really make good money out of empty
softdrink cans, bottles, plastic materials which they just collect
from the garbage areas or got free from their relatives and friends.
Some buy these for a very minimal amount/ few cents. So basically,
those who just collect them and sell them to junk shops make money
by capitalizing with their hardwork, time and determination to
earn for their family. This is very common in your country too.


The 5% legal interest in the Philippines is legal as long as the
parties involved have mutually agreed on it. Here in Australia, I
don't know what's the legal interest when it comes to lending. I
only do financing/lending business in the Philippines. Although
I put down the interest to 3% - 2% to those clients who have already
built a good lender-borrower relationship with me.


Surely, our families, relatives, friends and loved ones will always
be our wealth, regardless of whether or not we have lots of money
or none. wink


myLot reputation of 96/100. bhubaneshwars (1132)   ranked 1,172 out of 4,099 in enjoy life  7 months ago

Thank you so much for the information Toni. I think you will make enough money for your trip in July, wish I could go with you. My blessings.

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8. myLot reputation of 87/100. gracelee114 (143)   7 months ago

Poor one I am maybe not too much.

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9. myLot reputation of 97/100. padmameera (816)   ranked 1,942 out of 4,099 in enjoy life   7 months ago

Hi

In view of your description I am not so wealthy. I can not make the money I have increased by a short span of time. If I have $10 today, I could save this for tomorrow, can put under some deposite scheme and make it increased. But not through Business. I don't have the flair and confidence to capitalize the money I have though I wish I have that flair.


Punski (12)  7 months ago

Well

I recommended http://www.ulinkers.com,, you can invest a little bit of money and it is guranteed to give you 150% ROI after just a few days! ROI= Return on investment, So if you purchase 20 shares for $20.00 then after a couple of days they would all cycle and you will earn $30.00 in your account balance and then Auto reinvest will turn on which will reinvest about $10-15 back into more shares and you can withdraw that 10 and it continues like that! so you invest about $20.00 and you have unlimited $10.00 coming in, It's very hard to explain, But... it is very hard to explain. Maybe you guys should just go to ulinkers.com invest $1.00 via alertpay or paypal for 1 share and you'll see how it goes from there! its 1000% guranteed that you'll make your money back! I have!


myLot reputation of 97/100. toni_nakama (2301)   ranked 118 out of 4,099 in enjoy life  7 months ago

happy Hi padmameera. Saving $10 or any small amount is
wise, and that is good and safe. thumbup Getting into a
business always involve risk, and one must have a gutsy attitude. happy


myLot reputation of 84/100. Petercheung (519)  7 months ago

well,that is a good advice.I agree.

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10. myLot reputation of 70/100. enterpriseLEE2010 (651)   ranked 3,807 out of 4,099 in enjoy life   7 months ago

By your definition, I'm not wealthy. However, I would like for people to view my drawings and tell me whether or not they would buy one from me. I've seen all types of photos and the sites where I'd seen them would say something like "pay for printing the pictures". I believe it was Yahoo! photos from where I saw that familiar phrase. But yeah, if everyone here on MyLot would go take a look at my artwork I have posted in my photo section here and comment on them, I could be on my way of earining money and calling myself wealthy as well. Happy MyLotting!!!

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