I'm thinking of things like landlording, small businesses, blogging, websites, freelancing, book-writing, etc. What's brought you the most income, aside from 9-5 or part time jobs, cutting expenses, DIY projects, and investing?
For me, last year I made around 5k from freelance writing and around 5k from our wedding photography business. We've since shut down the business, and I only write these days for a bit of extra cash now and then. My free time these days goes to learning Spanish.
What about you?
What's been your most successful non-9 to 5 / investing venture?
I bought a second condo unit in the building where I already live, in the summer of 2011. It was foreclosed on and bank owned. I had been following it on the county records website, and I made a lowball cash offer for it, on the very day it went on the market. Bought the 1 BR condo with private garage parking included, for under $70k. Currently renting it for $1170/month. It has been a fantastic investment and ROI, and is easy to manage because I live right in the same building.
Inherited a large sum from a deceased relative and bought Apple in 2010, yielding a 4-5% dividend on top of the large capital gains (even with the 40% decline) and growing. I was thinking of getting into real estate but maybe later.
I got lucky and was a lil risky betting the farm on one stock, but it paid off.
I got lucky and was a lil risky betting the farm on one stock, but it paid off.
I'm thinking prosaic is the exception that proves the rule: "Stop the press: half of self-published authors earn less than $500"
http://www.guardian.co.uk/books/2012/ma ... r-earnings
BTW...congrats prosaic!
http://www.guardian.co.uk/books/2012/ma ... r-earnings
BTW...congrats prosaic!
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aussierogue
- Posts: 379
- Joined: Thu Nov 10, 2011 1:02 pm
So it sounds like writing books can be lucrative!
Alternatively you could try to write something like a blog and monetize it using a product such as Google Adsense. If you can find a subject and build an audience on a topic that interests you (investing, fugally, traveling, etc.) it could become profitable.
My wife reads a couple blogs by women who make more-than-fulltime incomes off just writing about their kids and stuff they do around the house.
Alternatively you could try to write something like a blog and monetize it using a product such as Google Adsense. If you can find a subject and build an audience on a topic that interests you (investing, fugally, traveling, etc.) it could become profitable.
My wife reads a couple blogs by women who make more-than-fulltime incomes off just writing about their kids and stuff they do around the house.
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aussierogue
- Posts: 379
- Joined: Thu Nov 10, 2011 1:02 pm
I think a good writer or a blogger needs to be a natural story teller. Someone who likes a chat, can see stories or anecdotes where others cannot. That's just my personal opinion. Some people are just able to engage others with interesting conversation. Its a way of thinking and also a way of communicating. For me Writing comes easily. I don't mean grammatically I just mean that I feel I can put clear thought into clear words written or verbally fairly quickly compared to others. Plenty of stuff im crap at though.
Next important thing is to find a niche or some topic that will interest people. I happen to have a lucrative niche that I know the ins and out of - intimately. I read a book called make money while you sleep. that with the 4 hour working week were enuf incentive for me to get cracking. I wrote all my books in 3 months (like a madman) and haven't written one now for 4 years.
They keep selling and in fact show slight growth month on month.
I use a pen name and not many people know its me. I prefer it that way.
Aussie
Next important thing is to find a niche or some topic that will interest people. I happen to have a lucrative niche that I know the ins and out of - intimately. I read a book called make money while you sleep. that with the 4 hour working week were enuf incentive for me to get cracking. I wrote all my books in 3 months (like a madman) and haven't written one now for 4 years.
They keep selling and in fact show slight growth month on month.
I use a pen name and not many people know its me. I prefer it that way.
Aussie
I'm not a writer, but I know there are other ways to "make money online" legitimately. Of course, they're not going to be advertised.
For example:
https://flippa.com/buy?revenue_min=1000 ... age_min=12
A list of websites for sale that claim to make over $1,000/month. Of course, this is more risky than real estate and a lot of due diligence must be done, combined with technical know-how for managing things if you did take the plunge and invest/risk the money. Or you could use the websites for ideas on how to build a website of your own from scratch.
For example:
https://flippa.com/buy?revenue_min=1000 ... age_min=12
A list of websites for sale that claim to make over $1,000/month. Of course, this is more risky than real estate and a lot of due diligence must be done, combined with technical know-how for managing things if you did take the plunge and invest/risk the money. Or you could use the websites for ideas on how to build a website of your own from scratch.