The Laptop Lifestyle - Is It A Myth?
The Laptop Lifestyle - Is it a myth?
I attended a seminar recently which was about different ways of making money online, and I found out about some new approaches, which I had not come across before, a few more of the very many ways in which people make a living, sometimes a very good one, online.
Affiliate Marketing
There were a few speakers who recounted their own success stories of selling products on the internet, some of which were ebooks and ecourses (educational products) developed by themselves. Others had had success with Affiliate Marketing using ClickBank, Commission Junction, JVZoo, as well as Amazon.
In addition to these accomplished internet marketers, it surprised me to find out how many people have become very wealthy, apparently, using the following methods which they were explaining to the audience.
Share Trading / Trading Options
Apparently with the right training it is possible to make really high returns from trading shares, or trading options using various strategies, depending on what your goals are. The entry level for capital was stated to be as little as $500.
The presenters were personally very wealthy, but were still selling places on their training courses as a means of earning money from their expertise.
Property Development
The person who gave the presentation was himself personally very wealthy from following his own system which involved purchasing properties at 50% Below Market Value, because the mortgagees or loanees were in default on their payments.
I had always thought that property development involved using a lot of your own capital, or alternatively having access to large capital funding sources. This particular individual had overcome that problem by setting up his own bank which involved a sort of crowdfunding of projects.
Equally I had thought that developing a project no matter how small would demand a lot of attention practically daily, yet this person managed to achieve success by delegating all responsibility to trusted partners, who shared in the profits.
The presenter was selling courses to teach his system, which seemed to good to be true.
Does anyone else have any experience of such schemes? What is your opinion, are they too good to be true? Is this just another sales pitch, where the delivery will be well below expectations?
Enjoy your Sunday
Alan
Recent Comments
7
Very interesting, Alan. I had heard of the trading options idea but honestly had not heard much about the purchasing properties well below market price. I too assumed you needed some significant capital to play there and I am a bit skeptical about his self-banking scheme. However, with the whole crowd-funding thing he may be on to something.
Thanks for sharing.
Wayne
interesting ...yes there will be people selling ideas to others on what is the best way according to the seller to achieve success.. I have tried trading as well and it comes down to working at it like we are doing here and understand how it works and be consistent with your efforts.....you might just have to do a bit more research into the scheme before committing
Hey Alan,
I know of people who have made a very lucrative income in the housing market but it is a full time job just like any thing else. There is also a big down payment either to get into it or it takes knowledge. Neither I have so I will stay with WA.
Tried and True
Elaine
Alan,
Have met guys who do well both in the stock market and the housing market, no reason to doubt either, was shown a method regarding mortgage repossessions, which would work, but was not able to fit it into my lifestyle, as it was almost a full time job, though very lucrative. Hope this helps.
Stuart
Good afternoon Alan,
Yes, I have come across similar things but have not participated in any. I am too busy still with my 2 websites and Pinterest. Sorry to not be of any help.
Greetings from the south of Spain, Taetske
Ok I HAVE TO respond to this. The longer I am here at WA the more you guys and ladies will learn about my past.
I have many years with stocks and options. I considered doing a consulting site for this. Maybe something where I can explain the pros and cons of both things and how to decide what actually works and what doesn't. I have spent and losts thousands as a cost of education.
At one point I was making over 60% return year over year. I had several clients I managed there accts and was paid 20% of quarterly profit. I grew my own grandfathers account from 500k to over 1.2K while also providing 100K yearly income for him. Then when he died my uncle manipulated the living trust and stole mine and my brothers inheritance. I'm still mad about this.
ANYWAY, my point is this. I can name all sorts of companies but let me tell you how they work in a general fashion.
You may decide to go with an options system of trading and pay for tools and site anywhere from 500 to 2500 a month. They will provide you with several choices to invest in. What they DON't tell you is that theres NO WAY you can invest in all of them. So you get 12 recommendations a month. They provide you with a guarantee saying you will have the OPPORTUNITY to make over 300% gains month over month. (That's NOT impossible).
Your funds can not cover all the suggested trades so if you pick 2 or 3 and you lose on them then your done your out.
What I always did was give each person I was trading for the opportunity to learn exactly why I chose what I did my outlook and most important my exit strategy.
To get back on to point, I put in a huge amount amount of hours to become good at it and I did and I was very happy doing it.
Options are a SAFER way to invest than in stocks and I would recommend everyone to look into it. If you do just buy 1 single option. Remember it's not how many shares it's how much you invest and if it doubles your money doubles.
I would just be VERY careful about signing up with the many many stock/option picker services that are out there..
I love this topic and could go on and on and on but I just wanted to bring attention to the services side that you hear a lot about at the seminars or conventions that sounds a lot like what is described in the above post. Which was a great post by the way.
If you happen to own atleast 100 shares of stock then I would suggest you look into selling calls against your stock. This can earn you a pretty predictable rate of return of anywhere from 7 to 15% a year with 10% being very doable and modest.
Anyway, thank you for putting up with my rambling.
Kindest Regards
Aaron