Why do so many personal finance sites focus on spending LESS
instead of making MORE? Sure, managing your spending is important, but too many
people get tunnel vision on cutting costs.
I read your blog (for the most part) daily. We have many
friends in common, so I saw your blog from them, and I have to say, you have
helped me desire to make money doing something that I love, while getting to
stay home with my kids.
One thing I will mention that was omitted though few people
may be aware of it, if choosing a domain name then do not go to any registrar
to check if it is available and then go away to think about it, chances are it
will be gone since there are sniffers out there that will register and charge
you heavily to get it in the future. Godaddy is notorious for this therefore if
you type the name in be prepare to buy it then and there without hesitation.
A tip would be that if you absolutely had to be curious then
to do a bulk search of your domains with completely random mish-mashes of
domains (100+) for each one scattered all over the place, so that if they
wanted to buy your one ‘valuable' domain they would have to search through them
all.
Bargain-hunt at yard and thrift sales. If you have a bit of
knowledge in a particular area (ex. Taxco Mexican silver, action figures,
classic National Geographics) or even just a good eye for quality, visit
private sales early and often to find unexpected deals.
Go to police auctions. You can find incredible deals here,
and though may not be able to resell a car that was involved in a serious
crime, you can probably find some spectacularly cheap jewelry that someone else
would be happy to buy off you.
Flip houses or apartments. If you are a handy(wo)man with
great design sense, a knowledge of what's valuable in the construction of a
home, and assets you're willing to play with, consider buying, fixing up, and
reselling real estate. This requires quite a bit of up-front cash and elbow
grease, but the payoff can be big.
