Money Making Schemes

Nagesh answers:

I think you are all set.

Sell your house, put it all on a horse. Sound financial advice.

Nagesh answers:

One low cost idea that is not a million miles from your arcade game idea is honor snack boxes – a type of ‘manual vending machine’ idea if that makes sense. You can read an article on this at the web site I’ve listed below.

On that site you’ll also find some ideas on how to build a genuine online business – not get rich quick. Have a look at some of the articles or the internet income video in the right hand column.

It seems like you’re looking at ideas that will build sources of long term residual income. This is a great strategy and it can work provided you are willing to put in quite a bit of hard work as well as smart thinking.

Good fortune
Stuart Warner
Home Based Business Specialist

Nagesh answers:

You would have to check with a bank who offers an online share trading account to see if you could be a signatory to the account with a parent. However, it’s not really appropriate for a kid. Trading shares for money is hard even for adults. Very few people do it successfully, and the amount you would need to start would probably be out of your reach anyway. You’d need at least $500, plus extra to cover brokerage, which is the cost of buying and selling the shares.

You could buy some cans of drink, make some ice, and borrow an esky, and go down to the park or the beach on a hot day and sell cold cans of drink to people for more than it cost you to buy them. For example, if you bought 20 cans of Coke, and it cost you $15 for a pack, you would need to divide 20 by 15, to give you the cost of the Coke cans (about $1.35). So if you sold each can for $150, you’d make a profit of 0.15×20= $3. Doesn’t sound like much, but if you did that every weekend, and perhaps sold the cans for more, you’d make some regular money. Warren Buffet, the richest man in the world, started when he was a teenager doing that with a box of Coke bottles at the beach. I think he made a 17 cent profit. You gotta start small.

Best wishes

Nagesh answers:

EVERY casino game has the odds in favor of the house. You may win in the short term, but if you want to make it a career, you’re going to end up losing money. The exception MAY be tournament games like Texas Hold-Em where the house has no stake in the game and you’re competing only against other players.

Capital market trading can be a viable way to make money, if you learn enough about it to do it well. That can take some time and a lot of study and effort and particularly a LOT of discipline.

Nagesh answers:

Post on a website and basically endorse your company that ur stock is invested in and make sure about 3k of people see it