How do you MAKE money besides working for it? What I'm trying to say is how do you make your money work for yo

Answer 1

You can't make your money work for you if you don't have anything left after paying for your living. You need to save, and then invest.

Answer 2

You can make money without working for it by investing it (stocks, mutual funds, real estate, etc). However, realistically, you can only expect at 5-10% return on that money in the long run. Anything more requires a lot more risk, and is usually not worth it.

If you want to make more, you have to work for it. However, "Work" can mean different things. It can mean going to med school to be a doctor, or working in a commission based position, investment manager, multi-level marketing, sales, etc. None of these things are easy... that's why you get paid a lot to do them.

In the long run, there is no such thing as getting rich without working hard.

Answer 3

unfortunately, there is no way I know of to do that that does not involve some risk, i.e. the potential that you may lose money. For example, when trying to sell something on ebay you have to pay at least $0.20 just to try to sell an item. If the item does not sell, which has almost always been the case in my experience, then you have just lost the $0.20. And this can add up to you losing several dollars if you attemt to sell several items and none of them sell. If, however, the items DO sell then you may or may not make a considerable profit depending on the sale price.

Answer 4

I guess stocks and stuff OR use this site
http://cashcrate. com/131862 (Take the space out before com)
That's the site I use. I get about an extra $60-$150 a month. It's not one of those spam sites with unrealistic goals like $1500/month or anything but hey...an extra $150 helps right?!) At the end of the month you get a real paper check in the mail.
Go to my yahoo 360 page and read my blog about it for more info or message me if you want more information on it. It really is a good deal. AND it's free to sign up

Answer 5

Money needs to be placed in diverse holdings. That means, buy things that will either retain the value of your dollar or will increase your net worth. You can own businesses (stock, bonds) or you can own hard assets (real estate, gold, silver).

One reason to own hard assets is because the stock market is manipulated by the value of paper currency. Therefore, I would stick money into hard assets.

Right now we have money by fiat (which basically means that the government prints paper money and dictates its value).

We used to have money that was either real (where the money itself was intrinsically valuable like gold or silver) or backed by real (meaning the paper money represented a note for gold or silver and you could take the note to a bank to get your gold or silver).

Thanks to FDR, our country became much poorer over the long term than it otherwise could have been. The decision of the USA to go fiat will have resounding repercussions on the entire world economy. The first people we will piss off (that we must be afraid of) will be the Chinese.

Answer 6

DON'T GO INTO DEBT for anything you don't need. Cars & houses you need, jewelry and electronic gadgets you don't.
Stuff can cost you 3x the sale price by the time you get finished paying it off.
Regularly invest in a mutual fund or other savings plan. Balance risk vs reward
You can make money in real estate, but you have to work at it by flipping or fixing & renting

Answer 7

In order to have money work for you, you have to work for money to work with. Once you amass a serious amount, you invest it in a varied portfolio of stocks, bonds, mutual funds,high yield Certificates of deposit, never touching the principal, reinvesting the dividends and interest . This is untouchable. When you retire you won't have to bag groceries at the supermarket.

Answer 8

If you already had a lot of money, let's say $1 million, then you could live off of the interest. At 10% gain per year (mutual funds), you'd have $100,000 per year to spend. Let me know when you get there. . . .

Answer 9

Doesn't work for us, you need quite a bit of money before anything like that occurs. In the meantime try a job.

Answer 10

I suggest investing in foreign currency. The US dollar is on such a slide that you're guaranteed profit without even being all that savvy an investor.