Multiple Streams of Income
We are living in a world where it is tough to get wealthy without having more than 1 stream of income. Most people thinks that it is least risky to get a full-time job, and slog for your company till you retire. But in fact, that is an extremely risky move! The current recession shows it: retrenchments are everywhere. There's no guarantees that you will be able to work till you retire at your current company.
Let me tell you a short story of my friend. He was working in Company A. Recently, he switched job (perhaps it seems like it has better prospects) and started working in Company B. One month after he started work (which is about 2 days ago), he received a letter of termination. He got retrenched due to company downsizing. Right now, he's busy sending out resumes and hoping someone will employ him, although not much hope is harboured given the current economic situation.
As conventional wisdom, risks can be spread out and reduced with diversification. Why not apply that same wisdom to our income streams as well?
For me, someone who was only 'enlightened' a few months back, this is my strategy:
- Full-time job
- Part-time tuition going to move to 'full-time' group tuition in the near future
- Dividend stocks like SPH and SingPost
- Blogs with adsense, in which I have now 2 blogs (including this)
- Fixed Deposits & Money Market Funds
- Just started with EmailCashPro as well
- On plans: Guide books to complement my tuition
(1), (2), (3), (4) and (5) are being done already.
(6) was just started 2 days ago.
(7) popped out as an idea during tuition, when students ask many questions in which I can explain and answer in ways different from those found in textbooks.
As life moves on, I try to think if I can come out with any other income sources in which me as a fresh grad (graduated June 08) can embark upon. Do you as well?
Can you make money from Email Cashpro?
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Due to the global turmoil, I think it is a good idea to start multiple streams of income. This alternative avenues of income can start small, grow consistently and become bigger over time. Anybody have any idea of Email Cashpro?
Can it be a cashcow?
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haha that one slow money
one e-mail a few cent
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I try emailcashpro for fun as well
Earn good, dun earn too bad lor... Doesn't matter...
This is a short article I want to share
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I am interested in the adsense, email cashpro stuff.
But I am always skeptical about these "sleep while your money comes in" type deals.
Any advice on these internet get rich schemes?
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Regarding the referral scheme in email cashpro, can't we just create hundreds of ficticious emails (imaginary friends) to up our incomes?
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Originally posted by charlize:
I am interested in the adsense, email cashpro stuff.
But I am always skeptical about these "sleep while your money comes in" type deals.
Any advice on these internet get rich schemes?
Advice is: You need to work hard and treat it as your business. That includes marketing, etc, before you succeed.
That's for adsense
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Anybody who has used this service ever made decent money from it?
Share, share.
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I saw passiveincome01 as part of the members who became gold member because he got more than 20 referrals in the newsletter
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So how much does passiveincome01 make from all these?
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Originally posted by charlize:
So how much does passiveincome01 make from all these?
i dunno... dun bother also
But I'm earning only a few dollars a month from ExamWorld :(
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Originally posted by eagle:
i dunno... dun bother also
But I'm earning only a few dollars a month from ExamWorld :(
I know it takes time to build up these kind of passive income businesses.
But if you tell me I can get only a few bucks a month, what's the point?
What is the opportunity costs?
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I tried in the past... They del my account near to the cash out amount....
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Read 1 email say 5 cents.
Read 20 emails to get $1.
Read 100 emails to get $5.
Read 1000 emails to get $50.
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Originally posted by charlize:
I know it takes time to build up these kind of passive income businesses.
But if you tell me I can get only a few bucks a month, what's the point?
What is the opportunity costs?
Bear in mind it's the holidays
And I started the program midway through september.A few dollars a month is enough for a few cups of coffee.
Adsense income depends on the following:
Traffic * Click Through Rate * Payment per clickTill now, I have just below 9k page impressions only... My target is to reach that amount daily by next year... That should reach >300 usd monthly :D
But I will be happy even with $50 a month...I'm still building on my traffic. :D
And that site has many other purposes as well; adsense is only part of it...
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Originally posted by eagle:
Bear in mind it's the holidays
And I started the program midway through september.A few dollars a month is enough for a few cups of coffee.
Adsense income depends on the following:
Traffic * Click Through Rate * Payment per clickTill now, I have just below 9k page impressions only... My target is to reach that amount daily by next year... That should reach >300 usd monthly :D
I'm still building on my traffic. :D
And that site has many other purposes as well; adsense is only part of it...
I thought of starting a website but have absolutely no clue as to what I can put on my website that will attract people to visit it.
Haiz, if only I put in as much effort into making money than posting crap here.
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Originally posted by charlize:
I thought of starting a website but have absolutely no clue as to what I can put on my website that will attract people to visit it.
Haiz, if only I put in as much effort into making money than posting crap here.
Think of it
Jason is earning from advertisements put here in this forum.
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lol..
Dating ads.
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oops.. first time its different ! Petsitters! lol
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Make me so gian now to make $5 a month.
Should I pay hundreds of dollars to take a a basic web design course?
Or should I just get a "Creating websites for Dummies" book?
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so many free guides online on how to make websites -.-"
That's the simple part... It's the traffic building that's the hard part
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Originally posted by eagle:
so many free guides online on how to make websites -.-"
That's the simple part... It's the traffic building that's the hard part
I still need to have content on the website first.
No content, who the fuck wants to visit the website?
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Originally posted by charlize:
I still need to have content on the website first.
No content, who the fuck wants to visit the website?
go with the favourite and most popular thingie. porn sites. you don't even need the pictures or vids, just have the words somewhere in your site. than people will google, find you, and click on your websites. -
Originally posted by skythewood:
go with the favourite and most popular thingie. porn sites. you don't even need the pictures or vids, just have the words somewhere in your site. than people will google, find you, and click on your websites.What an interesting idea.
We can have things like "Hot Girls".
And then post pictures of old nomad women sweating when they are out farming.
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Originally posted by charlize:
I still need to have content on the website first.
No content, who the fuck wants to visit the website?
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My friend ask me join, i never joined. Then he angry with me.
