Here’s how to make extra money


How to make extra moneyWhere there’s muck there’s brass. ~English Proverb

If you’re short of money and you could use a little extra, what’s the best and quickest way to generate some cash?

How about making money from your old junk? All that clutter filling every available space in your home?

If you’re anything like me dear reader you’ll have accumulated plenty of junk and clutter over the years.

Old toys, bric-a-brac, old vinyl records, CDs and DVDs and so on. They can all be traded for money. Even old clothes can be traded. And if you have anything that offers some antique value then that’s even better.

A classic way to sell your junk and clutter is via a boot sale or yard sale of course but nowadays you can also sell using eBay, Craig’s List and similar websites. The internet makes it even easier to trade your old stuff for cash.

Believe it or not, even old, broken electronic gadgets can be traded to be used by people seeking spare parts which would otherwise be unavailable.

Old cars similarly can be mined for spares and therefore offer a means to make money too.

Then there’s scrap metal; there are plenty of people who make a decent living trading scrap metal.

Have you got a pile of old bricks at the back of your yard or garden?

You have? Then don’t just throw them away as someone might need bricks of that type and they could be prepared to pay you some cash for them.

There has always been money in old junk and clutter for those with a keen eye for hidden value. And there’s always someone, somewhere who might just need what you have but don’t want anymore.

Even dirt offers a money making opportunity. Many people have made fortunes by processing rubbish or waste materials.

Even if it can’t be sold it can be cleaned up for other people, hence there’s always money to be made somewhere.

For instance, houses where someone has sadly passed away will need clearing before they can be sold. Families are often willing to pay someone to clear it for them.

And don’t forget, trading in old junk can be turned into a profitable business.

For instance websites like MusicMagpie make good money trading old DVDs and CDs.

Then there are people who buy old books cheaply and sell them for a profit on Amazon.

And there are people with an eye for hidden value who will go round boot sales or yard sales looking for valuable items being sold cheaply. They will then buy them and resell them on eBay or at auction for profit.

For instance I saw a lady a few months ago who bought a vase for £1 at a boot sale and it was re-sold at auction for £800. Now that’s a decent profit.

As I said earlier, it’s never been easier to sell old junk and clutter on websites like eBay so there’s no excuse for not being able to make some extra cash.

Enterprising people will always find a way to make money and you can too.

Why not you? Why not now? Go for it!

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Why you must earn before you spend

Why you must earn before you spendEarn it before you spend it. ~Author Unknown

If you want to build wealth then developing good money habits is essential dear reader. And if you’re a parent then it’s a good idea to encourage your children to develop good money habits too.

In fact, if you can only give your children one piece of financial advice then the best piece of advice is included in the quote above. Earn before you spend.

Far too many people today do the exact opposite.

People spend money they don’t have to impress people they probably don’t even like. The result is a burden of debt from which it is very hard to escape.

Occasionally we all want to buy those big ticket items. A nice television; nice furniture; a nice personal computer, tablet or smartphone; et cetera. Naturally, these are things we all want. The question is, does it make sense to incur debt in order to own these things?

My advice is to save the money first and then buy that thing you really want.

Financing arrangements are there to make other people rich. And by using finance that almost always means you’ll pay a lot more for items acquired using credit.

The ‘buy now, pay later’ deal usually comes with a high interest rate added. So inevitably if you go down this road then you’ll end up paying a lot more than you would otherwise.

Yes, you’ll get the item quicker, that’s true. However you’ll enrich someone else at your own expense. In what way does that make sense?

Now be honest with yourself; there really are very few things in life we couldn’t live without if we had to, surely?

Look after your own interests rather than lining the pockets of other people whilst impoverishing yourself and your family in the process. That is today’s message.

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Why you should respect your money

Respect your moneyRiches have wings. ~English Proverb

If you live in the UK, then in the last couple of days you might have read about the lucky couple who scooped £115 Million on the EuroMillions lottery. If you’re like me then you probably thought, “Wow, how lucky they are.”

In theory they should never need to work again. Although really they’ve just swapped one set of problems for another.

Winning money is one thing; keeping hold of it is quite another. There are plenty of examples of people who’ve won large sums of money through lotteries, or other gambling, only to lose it all within a few years.

As the English proverb above suggests, money can disappear easily if you’re not careful with it.

You have to look after your money; you have to manage it carefully.

Money can be like a bird with wings; it can fly away if you are not careful.

Too many people spend their money far too freely on things they really don’t need and things they could live without. And plenty of professionals will be offering them help, only then to help themselves, if you know what I mean?

Today’s message is that you should respect your money and look after it. Otherwise you won’t have it very long.

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The importance of saving for a rainy day

Saving for a rainy dayWhen I bought my boat, a Fairline Squadron 55, it cost me about £2,000 in fuel every time I filled it up. I don’t have it anymore. ~Gavin Henson

The former, Welsh rugby star Gavin Henson provided us all with a useful underlying message when he made this comment originally quoted in the British newspaper The Daily Express, albeit a few years ago now.

In making this comment he was talking about the most money he’d blown in one go. I used the word blown rather than spent to emphasise the questionable nature of this expenditure.

When you’re enjoying a little success in your career, and the financial dividend it brings, then it’s easy to think it will all last forever. So you start spending your money on expensive luxuries and enjoying the finer things in life.

That’s fair enough, to a degree, because there’s no point in being successful if you can’t enjoy some of the fruits of your success. That’s what it’s all about, surely?

The problem is that when the big money starts rolling in it can disappear just as quickly as you get it, if you’re not careful. Then, if you can’t sustain your success, before you know it you have nothing at all.

So if you’re lucky enough to earn big money then make sure that you put some of it away for a rainy day. It will rain one day, it always does.

Never underestimate the importance of saving for a rainy day. You need to make sure that you can weather the storm when it comes. It really is a good idea to be prepared.

Enjoy your success of course but never be foolish with money. It’s as important to life as the air we breathe. Make sure you can cope with a change of season.

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Lifestyle or people? Which is more important?

Lifestyle or peopleMoney, past a certain point, cannot buy you anything worth having. ~Giles Coren

I wrote a post recently about the importance of money versus life and I received some interesting feedback from readers. Some agreed with my underlying point that your life matters more than obsessing about money.

However others thought that their quality of life was in direct proportion to the money they’ve got. Essentially money equals lifestyle and so ultimately they thought it mattered more.

So I think it’s worth reflecting on this issue again.

Yes, having money is nice insofar as you can live in a nice house, drive a nice car, wear fine clothes and eat in the best restaurants. All of that is wonderful no doubt.

However money can’t buy you love and it can’t buy you the wag of a dog’s tail.

Money simply cannot buy genuine affection from others, whether that’s your partner, your children, your family, your friends or your pets.

If you could only have either the finest things money can buy or strong, well-balanced relationships with the people who matter most to you, which one would you really choose?

I don’t know about you but I think people matter most. If push comes to shove I can live with very little money but I couldn’t get by without my loved ones.

All of the most memorable times in my life have had other people at the core.

It is people who’ve made the difference to me. It’s people who’ve made me smile. It’s people who’ve been there for me when life’s been a challenge. We all need people more than we need things, surely?

Having money is very nice of course, but having people in my life has been much nicer.

Money is like oxygen, we can’t live without it. That’s true.

We must ensure that we’ve got some money, but we shouldn’t pursue money at the expense of our loved ones.

I would rather be poor than lose those people who matter most to me.

Then again, that’s just my point of view but what do you think?

Would you agree with me? Perhaps for you lifestyle matters more? Let us know via the comments below.

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How to make money from investing in stocks and shares

How to make money from investing in stocks and sharesOnly buy something that you’d be perfectly happy to hold if the market shut down for 10 years. ~Warren Buffett

Arguably, Warren Buffett is one of the greatest investors of all time. Certainly he has delivered an above average return to investors in his company Berkshire Hathaway consistently over many, many years.

And when people are successful we should listen to them. If their approach has been successful for them, it can be successful for us too. So it’s a good idea to listen and learn.

Warren Buffett’s investment philosophy is essentially quite simple.

If you’re buying stocks and shares then the ideal investment is a company with a range of good quality products which everyone needs; with strong cash-flow and little or no debt; broad international exposure; and which pays solid, sustainable dividends.

Buy the asset at fair value and you will have an income stream you can rely on regardless of any short or medium-term market volatility.

Choose the right stock and you should enjoy some capital appreciation over the long term as well.

Too many people are speculators rather than investors. They hope to time the market to gain a quick buck. However that’s hugely difficult and most amateurs will lose money with that approach, unless they are very, very lucky.

Whereas invest in good companies at fair value and over time you’ll have an excellent chance to make very good return.

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Which is most precious your money or your life?

Which is most precious your money or your lifeThere are no pockets in a shroud, so I love to spend and be generous when I can. ~Laura Tenison

In life there are two resources which require careful management. One is our time; the other is our money.

With respect to money, we must take care of it, protect it, manage it carefully and we shouldn’t waste it.

Ideally we should be building wealth and acquiring assets that will generate an income for us.

In that way we create a private income and then what we do with our life depends only on what we want to do with our life. And for me that’s important.

All that said, it’s important not to become obsessed with money.

The quote above from Laura Tenison reminds us that we cannot take our wealth with us when we die.

Clearly Ms Tenison likes to share her good fortune with others. She’s right I think but, as always, it’s about striking a balance.

In creating the maternity clothes retailer JoJo Maman Bebe, Laura Tenison is clearly a smart lady, so my guess is that she will always strike the right balance. So good luck to her.

If success is your goal then I hope the year ahead proves to be very successful for you Dear Reader. It can be, so keep going until you get to where you want to be. However make sure you get the balance right too.

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Creating a life plan: 17 ways the rich and poor think differently

Why is it that some people are wealthy and others not?

You might argue that the rich inherit money and therefore have just gotten lucky. That may be true in some cases, perhaps.

Having wealthy parents certainly helps no doubt but there are plenty of examples of self-made millionaires and billionaires. And there are plenty of examples of people who lost all their wealth and then just created another fortune.

There are also plenty of examples of poor people who’ve enjoyed good fortune on a lottery only to squander their millions within a few short years.

This would suggest that the rich and poor have a different philosophy with respect to creating a life plan and money as a resource.

The video embedded here explores 17 ways in which rich people and poor people think differently. The video is interesting and informative and well-worth a few minutes of your time.

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How to have a healthy relationship with money

How is your relationship with money? Would you say you’re in control of your money or does it all just slip through your fingers the moment you get paid? If it does, you’re not alone.

However unless you learn to manage your money properly you’ll always be poor and your life will always be controlled by ‘The Man’. That is a fact.

It doesn’t have to be like that though.

Develop a healthy relationship with money and you can build wealth over time. Pay yourself first and spend less than you earn and you’ll be surprised at how quickly you begin to accumulate wealth.

Paying yourself first means taking a percentage of your money the minute you’re paid and putting it away somewhere safe. The exact percentage depends of how much you earn and your living costs. However a minimum of 10% would be a very good start.

You can always eliminate expenditure if necessary. For instance you can probably live without those expensive coffees you buy on the way into work or that cable TV subscription that you don’t really need.

In the embedded video Noah Hammond shares his thoughts on how to have a healthy relationship with money.

Though relatively short this video is informative and definitely worth watching if you’d like to improve your financial position.

It is well worth a few minutes of your time and I recommend it to you.

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Money-Making Tips from the 50 Smartest People

Money is important despite observations to the contrary from many people. In the modern age we can’t get by without money, so money-making is something that’s always on our minds.

Ideally we’d all like to have enough money to do as we please. Well it can be done if we invest in things that will in themselves generate an income. If we can generate multiple income streams that’s even better. Which brings us back to the idea of money-making and how we go about it in a way that works for us and leads us down the path to wealth.

As with all things if you want to succeed at something, look around for people who’ve been successful and copy what they do. However where do you start?

Fortunately Tony Robbins has been very helpful here. In the video in this post Tony talks about his book which provides money-making tips from the 50 smartest people. Tony is full of inspiring words and great ideas and I can recommend this video to you dear reader. You can watch it here:-

If you find this video interesting then you may like to add Tony’s book Money Master the Game: 7 Simple Steps to Financial Freedom to your personal reference library.

The book is available from Amazon and you can buy it now if you CLICK HERE.

Alternatively time pressures may limit your ability to give the book enough of your attention so you might consider purchasing the unabridged audio CD version so you can listen to it whilst driving. I do this all the time and it’s an excellent way to use time profitably.

The unabridged audio CD version of Money Master the Game: 7 Simple Steps to Financial Freedom is also available on Amazon and you can buy it now if you just CLICK HERE.

Never underestimate the power of having your own personal reference library and your own motivational resources to inspire you. So go on, choose your format and buy now.

DISCLAIMER: This website is an Amazon affiliate. Should you click on any of the links above and then make a purchase, you should know that this website will receive a small commission. These commissions serve only to cover the cost of maintaining this site. Your understanding is truly appreciated. Thank you.

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