Guide to 142 Jobs Online - The Most Complete Ebook on Internet Businesses

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Investing In Chinese Real Estate Investment Trusts

One of the investment instruments is a Real Estate Investment Trust or REIT. One can control real estate through these. Thus is one does not have a large amount of money, he or she can still participate in the ownership of real estate through REITs. These can generate income and capital appreciation over a period of time.

Due to the ensuing Olympics in Beijing, China, there is an excellent opportunity to invest in China REITs for a short period and quick profits.

Till very recently China was quite a closed economy. Investment in Chinese real estate possible was possible only through Hong Kong companies. GZI REIT operating from Hong Kong was the first successful REIT to have established control over REITs in mainland China. Now others have followed.

There is a great demand for real estate in China and will be strong during coming years, more so during 2008. Moreover, China is opening up and its economy is booming. Chi8nese middle class is also on swelling. All this bodes well for real estate in China.

Two major areas where REITs are going to be lucrative are hotels and resorts. So investors may do well investing in these REITs. According to Beijing Tourism Bureau, there will be 110 new hotels coming up for accommodating about 550,000 guests during Beijing Olympics.

Beijing and Shanghai REITs may provide opportunities for quick bucks. One can do good even in the long run.

One needs to be clear about investment objectives in China REITs. For short run profits, Beijing Olympics provides a good outlet for excellent returns. These may continue to be so even in the long run though at a reduced rate.

While investing in Chinese markets, one has to be careful about certain conditions which are peculiar to China only. For example it is still not considered a transparent country. Its laws are obscure and complex. There are many language and cultural barriers. In view of these problems, it might be advisable to invest in Hong Kong or Singapore REITs which have a stake in real estate of mainland China. These are more open and subject to international law.

International investing provides a mechanism for diversification and a hedge against US recession. Therefore, China and other Asian countries need to be given serious attention.

All of these markets need to be researched and explored.

Dwindling Dividends – Investors Pay Attention

Dividends seem to be the first major casualty of squeezing credit. Credit markets generally go down following any turmoil in prime mortgages. When loan defaults rise due to the housing meltdown, there is a greater need to conserve cash.

There has been a downward pressure on credit markets since the second half of 2007 because of the mortgage defaults by home buyers with low credit scores. Sub prime mortgages have been especially hit hard with estimated defaults to the extent of about $100 billion. This is a huge figure. There is continuing uncertainty.

What are the implications of the above? Rising defaults of loans implies losses for financial institutions, strain on earnings, less availability of cash and reduced investment by investors in bonds and debt. Because of this they not only need to conserve cash but also the need to raise further capital.

Since there does not seem to be much scope to raise further capital from the capital markets from the sale of bonds and debt backed loans, banks and financial companies have started slashing dividends.

Citigroup and Washington Mutual are the first two major financial firms to reduce dividends. Consequent to a cut of dividend by 15 cents by the latter, the share price of this company has gone down by about 25 per cent so far. Citigroup is expected to reduce it by a bigger amount. There may be more companies.

As the woes of defaulting loans continue, more and more banks are likely to cut dividends. If the credit markets continue to fall and the US economy weakens, other areas of the economy like the consumer sector may also start feeling the pains or credit squeeze. That way they may also start cutting dividend rates.

According to Standard and Poor’s, more companies slashed dividends during 2007 as compared to 2006 than the ones that increased.

The importance of dividends can hardy be underestimated. These are important not only for the maintenance of share prices and as a major source of income for many investors, but for the overall health of the economy as well. This provides one of the important barometers of the state of business.

If financial institutions are facing cash shortage, they will not be able to meet the credit needs of the market. That way, the overall economy may further go down putting pressure on earnings, dividends and share prices.

Falling dividends have an immediate impact on share prices as has been shown by those of Washington Mutual. If such cases are isolated and transitory, that could provide an excellent opportunity to investors to buy shares at very low prices which may be temporary. However, the present scenario does not seem to be confined or short term. Falling dividends may seem to be a recurrent phenomena and the symptom of a wider malaise.

Investors need to brace themselves not only for a considerable reduction in dividend income, share prices but also further investment. If the US economy weakens further, it might be appropriate to conserve cash or to think globally and investment in emerging markets.

Positioning for The New Year – Financial Resolutions

A year comes and goes by. Some realize their financial goals but many do not. What differentiates the successes from failures?

It is not enough to make resolutions. The main thing is to have a plan and sticking to that. As Law of Attraction has shown, nothing is impossible for a human being. If you make a resolution and you are positive, it has to happen. Let us make individual resolutions which best suit one’s circumstances and draw up an action plan to achieve the same.

To take care of financial health should be the paramount concern of every one of us. Here are a few suggestions for making the New Year a financial success.

High Rate Investments

Most of the wealthy people have gained their wealth by high rates of growth. For this, one should take stock of one’s savings, investments and future growth rates. Areas like stocks, real estate, mutual funds and emerging markets have stood well for many rich people. Simply put, you have to strive for high rates of growth if you really want to be wealthy.

Boosting Savings?

In order to make more investments, it is necessary that one should save consistently. One of the most successful strategies with many rich people has been the principle of paying yourself first. According to this, savings should be the first charge on your paycheck. Experts are of the opinion that one should put aside at least 10% to 15% of one’s salary as savings. This should be then invested in areas with more than average rates of growth. So let us start implementing it right away.

For this, make a habit of recording all of your expenses, small or big. Take the help of paper and pencil. Never spend any money before having a look on you balance of payments. Record, analyze and evaluate everything. Never make any major purchase decision on the spur of the moment. Sleep over it at least for a couple of days.

Additional Ways of Making Money

Internet and globalization has created lot of opportunities of making money. Let us look for additional ways to make extra money in our spare time. Let us experiment with at lest one new way of making money every month. It is highly likely that you will find numerous ways to make more money from the comfort of your own home. The main thing is to look around and strive. This will boost your standard of living and savings.

Eliminate Debt

The best strategy for this is never to spend more than what you earn. If one is feeling short of cash, find additional ways of making money. Remember the saying “cut your shirt according to your cloth”. Spend less, buy used things, buy local and buy environmental friendly products. Never take car loans unless someone else pays for it.

The next important strategy will be to eliminate all debt, starting from high interest debt. Obviously credit card debt and lines of credit should be the starting point.

Aim at one each of a bank account, credit card and brokerage account. Too many are confusing, time consuming and expensive.

Take Care of Your Credit Score

Never be late in your payments. Any late or overdue payments will figure negatively on your credit report. Preserve your high credit rating so that you can borrow easily and at favorable rates of interest.

Borrow to Invest

Never feel shy of borrowing for investment purposes. Any borrowing is good so long as it is not for consumption purposes. If you find any investment opportunity, take a low cost loan.

Take Care of Your Retirement

One has to take care of one’s retirement. In addition to the above, switch your savings to low cost and no load index funds. Overseas mutual funds are also emerging as additional avenues of investment.

Diversify and diversify. Remember never put all eggs in one basket. Not more than 10% of one’s savings should be put in one investment place.

There are many more things that one can consider for making the New Year a resounding success. One has to be proactive in one’s financial management. Start thinking and planning today. Success will eventually embrace you. Everyone has to make one’s own plan according to one’s conditions.

Ways of Getting Rich – Pay Yourself First

Much has been written on this strategy of building wealth. There is almost unanimous agreement that paying yourself first is an easy way of getting rich. Besides saving money, another important aspect where this principle is applied is in time management.

“Pay Yourself First” means that when you receive a pay check, you should take out a portion of the same and put aside as savings.

Government usually has the first charge on incomes. Only after it gets paid, the balance is disbursed to the payee. Normally when a person receives a pay check, he pays his monthly bills first. These include rent or mortgage payments, credit lines, utility bills, credit card payments, student loans, car loans etc.

The strategy of paying yourself first means that before you make any payment on your monthly bills, you should deduct a portion between 5 and 15 per cent of your paycheck and add to your savings. This should be considered as a compulsory charge in order to be successful. Though generally 10 to 15 per cent of the purchase price is preferred to be set aside before making any other payment, one can always adjust it upwards after meeting all the monthly expenses and if one feels comfortable with a higher level.

After paying yourself first, you will pay other monthly bills. One may not feel comfortable with the above notion and may always be worried about paying the bills. But consider a situation that in case monthly bills like gas, hydro or taxes go up as they have been, one has no choice but to pay. Therefore consider pay yourself first as a new compulsory charge.

One may not feel comfortable with the above notion for some time, but one will tend to adjust with over time. After experiencing its benefits one may actually feel exhorted to save even more. As Robert Kiyosaki in his “Rich Dad, Poor Dad”, has also mentioned that if you have more expenses than income, you tend to explore additional ways of making more money. It has been seen that when one is under pressure to meet living expenses, one tries to find more ways of making money.

In order to be successful with the above principle, one should also follow the following guidelines.

• Automate monthly withdrawals from your bank account into your savings account.
• Invest wisely. It is not enough only to save, but also to invest those savings judiciously with more than average rate of growth and appropriate financial planning.
• Always pay all of your bills in time. Never carry forward any balances on your bills or credit card payments. They not involve large payments latter on but may also ruin one’s credit score.
• Avoid all credit card debts, car and equity loans.
• Adjust your standard of living and monthly bills in the leftover balance. Never spend more than what you earn.

Paying yourself first is one of several most important ways of getting rich. It needs a resolve and determination to stick to the same. The benefits will come slowly and steadily. There is enough evidence which suggests that this principle is known to work best in the science of getting rich arena.

12 Ways To Care For Money - Part II

Out of season items

Most often we buy out of season items for the next season at more than 50 percent discounts. For example we buy our warm clothing from Feb to Apr for the next winter and our warm clothing in Oct to Dec for the next summer and get huge discounts.

Paying for cash

We pay our bills by credit cards. Many times I bargain with sellers for some discount if paid in cash. Everyone loves cash. Instead of paying to the credit card companies they may be willing to pay you for immediate cash. Sometimes we bargain for no tax payments against cash as well.

Credit Card Promotions

Sometimes I get offers from banks for cash advances at 2 or 3 percent rate of interest. I have used this money to pay for Lines of Credit or simply to deposit in higher paying deposits (like GICs etc.). After the promotion period is over, I simply withdraw money and pay back before they start charging me normal rate of interest. I just make some money by reinvesting this promotional offer.

One should make calculations before borrowing this promotional money and then reinvesting. I have been making anything from $100 to $200 in a year by spending some minutes of my time.

Bank A/C Fees

One should also be careful about bank fees. There may be some accounts very sparingly used accounts and one might still be paying bank fees. Banks charge money on any small excuse. One should carefully watch if one is not unnecessarily paying any bank fees. There are ways to overcome the same. For example, one can save fees if one gets electronic statements rather than paper statements.

TV, Internet cable and Telephone Bills

These may be a heavy drain on one’s pocket. One should pay close attention to what one is being charged. If one is not watching too much of a TV or does not need too fast an internet connection, one can save a lot of money by just going for basic TV and internet. Long distance charges could also be heavy. There are alternative companies which offer very cheap long distance plans. So it is mostly better to have a different long distance provider. In my case I have a different long distance provider for landlines only and another for cell phones as this way I get cheaper rates. We talk a lot internationally for about $30 only.

Service Providers

One should always check who is charging how much for different facilities like phone, internet, TV etc. Since there is too much competition in the market, if one finds a cheaper rate somewhere, one should immediately call one’s own service provider and negotiate a better deal. My experience is that at most of the times, one will get a concession. I get many discounts at present only because of this.

12 Ways To Care For Money - Part I

Conserving and looking after the outgo of money is equivalent to saving of money. Following are 12 ways for saving money from being taken away from one’s pocket.

Sale Receipts

After buying things especially bulk things like groceries, one should carefully check the receipts and see if there is no extra item included and the prices are right. I have saved a lot of money by doing this as many times the same item was entered twice, or the quantity was wrong or the prices were not right. Sometimes a product is on sale and instead of entering promotional price, original price was entered.

One should always take a few minutes to double check the bill and to ensure that everything is accurate. I am sure that many times you will find errors.

Utility Bills

Same thing applies to utility bills like gas, electricity, water etc. There may not be many errors over there, but one should pay attention to meter reading numbers. If the numbers are just estimates over a long period of time, these may be working against you. One should understand various items on these bills and how one is being charged. One can eliminate some unnecessary costs. One can also undertake conserving measures as well to reduce these bills.

Credit Card Credits

There are cards which give money back up to 1 percent, some give points, and some air miles. It is better to compare and see which one pays back maximum and when. For example I have one visa credit card which gives money back starting from 0.25 percent up to 1 percent. But for this I will have to wait for a period of 1 year for getting paid. No wonder I use this very sparingly.

Another master card gives me a credit of 1 percent which I use against groceries as soon as I reach a credit of 20,000 points (equivalent to $20). Two of my others are used for collecting air miles and points.

I use different cards for different purposes and try to maximize the benefits. It may be a bit tedious in the beginning, but as soon as one is clear about which credit card to use where, it is fairly easy.

One word of advice. Never carry over any balance on any cards. If you don’t have enough money coming, don’t spend. All of us have heard “cut your coat according to your cloth”.

Gas For Car

Always search for cheaper places and times. No name gas stations are generally cheaper. I found that around mid night or from 10 pm till early mornings, gas prices are less at many places. My most favorable days are Tuesdays, Wednesdays and Sundays. Some gas stations also provide air miles.

Special Promotions

If one follows a trend, one can see that there are special promotions round the year. One should wait and take full advantage of the same. For example we find that tea (bags) is on sale at least twice a year in a particular store for about 50% of the regular price. We generally purchase full quota for up to a year.

We also buy rice for full year when there is a sale and there is one every year. We save at least about 25% of the regular price on this item. Look for grand openings also which provide concessions. Just last week at a grand opening of a restaurant we had a very nice buffet dinner for $5 per head.

Bulk purchases

Bulk purchases save money on many occasions. So look for bulk purchases of vegetables, fruit, eggs etc.

(Continued in Next Post)

The Billionaire Club

Jon Rockefeller (1839-1937), an American industrialist and philanthropist, is considered to be the first billionaire, as recorded in 1916.

The prestigious club of billionaires consists of 946 members from 49 countries as in February 2007, according to Forbes with a composite wealth of US $3.5 trillion. There was a big jump in the number of billionaires during 2007 as compared to 793 during 2006 and 586 during 2004. More billionaires got added to this list from countries like Russia, India and Brazil, mainly because of economic growth in these countries.

The top ten countries with most of billionaires are the US (371), Germany (56), Russia (47), India (40), UK (34), Australia (30), Japan (27), Turkey (25), Canada (22) and Brazil (18). Number of billionaires in the USA continues to far outstrip those in other countries. This scenario may take some time to change till other countries catch up in economic growth.

Higher number of billionaires in industrialized countries only indicates that free enterprise and availability of opportunities has much to do with wealth creation. There has to be the right atmosphere for people to create wealth and exploit opportunities.

Anyone with a net worth of at least a billion dollars is a billionaire. In most cases, it will take a lot of time and even a life time to become a billionaire. It needs dedication, perseverance, a quality product etc. Usual industrial categories feeding the industrial club are manufacturing, petroleum, broadcasting, entertainment, basic natural resources, textiles, automotive, publishing, technology etc.

The list of billionaires is an annual Forbes magazine publication. This list varies from year to year with new additions and deletions. The position of billionaires in the list also keeps on changing from year to year. Many factors contribute to the changes in the list. Some are external and some are internal. Some external factors which affect the wealth of individuals are economic conditions of other countries, changes in stock and foreign exchange markets, fluctuations in real estate values, political conditions and the like.

Many countries like India and China are experiencing tremendous growth of late. There may be an increasing number of billionaires from these countries in future. Since the exchange value of US dollar has been going down for quite some time now, it might lead to a decrease in the number of US billionaires.

A large number of people have a burning desire to get to a billion dollar worth of net wealth. Nothing is impossible for a human being. Many present day billionaires have demonstrated that by sheer hard work, passion and patience, it could be an easier goal to become a billionaire than it may seem to be.

The author believes that acquiring a billion dollars of net worth is a possibility for any one who is determined. Give it a try.

The Millionaire – Some Facts

Becoming a millionaire is the dream of most of the people. Anyone with at least a million units net worth of any currency is a millionaire. However, in order to be called a millionaire universally, all currencies need to be converted to a common denominator currency. In most of cases, this is the US dollar (USD).

The other factor will be the price index. Because of inflation, the value of a million dollars is now far less than in the past. While comparing the net worth of individuals, they need to be expressed not only in terms of a common currency, but also with reference to a point of time.

There has been a big jump in the number of millionaires not only because of inflation, but also because of the increase in the value of real estate. Because of this, equity in the principal residence of a person is excluded while calculating net worth of an individual.

While being a millionaire is itself prestigious, there are many other associated millionaire terms like multimillionaire, hector-millionaire and m-millionaire. A multimillionaire is a person with more than 2 million and a hector-millionaire with more than 100 million units of a currency.

Though the number of millionaires and billionaires constitutes a small portion of the overall population, they control vast resources. According to Forbes, there were 949 billionaires alone in the world in terms of USD in 2007. The number of millionaires is much more. In North America, 1,900,000 households, the largest, are reported to be having a net worth of more than $1 million.

According to World Wealth Report 2007, the overall worth of millionaires with individual assets of more than 10 million amounted to about $37.2 trillion USD. The sharp increase in this is partly attributed to huge devaluation of the USD.

It is the desire of a large number of people to be in the category of millionaires. Wile inflation and real estate prices have made it easier; the real purchasing power of $1 million has considerably gone down. As time passes, the number of millionaires is likely to increase further all over the world.

How to become a millionaire? For most of the people there is no short cut to this. One sure way for becoming a millionaire is through hard work with a little bit of god luck. Some people inherit millions and some find it by sheer good luck. But vast majority of people have acquired millions only by hard work.

Inspiration and guide to amassing millions can come by learning about the life of self made millionaires. Being a self made millionaire is a joy in itself and satisfaction.

At the same time we should remember that wealth in millions and happiness may not necessarily go together. There are countless instances where millions have not brought any joy or happiness to people. So wealth is no measure of happiness. These are two different things and may or may not go together. One may be filthy rich, but not happy and vice versa.

I Am Back

After availing holidays for more than a month, I am back on the table. During this period, I could not write any new posts. I had hoped to write something while still on vacations, but that could not be possible. Though I had some free time sometimes, I felt lazy and did not want to write. But now I am back and will continue new posts.

Vacations are always rejuvenating. It was a carefree month for me and I liked to be lazy, eating, relaxing and gossiping around.

It is always difficult to start right away after returning from holidays. Though it is a few days that I returned, I am still feeling sleepy and slow.

I feel that everyone should take vacations of about a month at least once a year. Life is too short and we need lighter moments of life. One should travel, see new places, meet new people and see how the world is changing.

Of course, it is not easy to travel abroad these days given too many security restrictions. International travel has become difficult and sometimes unpleasant. If one can withstand the pressures of international travel of these times, it is definitely rewarding.

Making Money With Stock Investing - The Strategy

How can one make money with stock markets? Stocks are undoubtedly one of the most fascinating investments in financial markets. While they have made millionaires out of ordinary folks, they have also made paupers

After a long innings with stock investing, I strongly feel in favor of blue chip stocks and companies which have a long history. The best thing in this market is not to be greedy. Greed makes one to pick wrong stocks and trading at wrong time.

I have had very disastrous results after following advice of popular investment houses like Schaeffer's. I would suggest not to listen to them. Often times, their advisers are promoting stocks which have remote chances of success and which are in deep red. Their speculative advice is a disaster most of the times.

One can follow a few things in order to be successful in stock markets.

If you are just starting or having limited capital and cannot afford to lose money, then it is best to pick up only blue chip companies which have been there for a pretty long time.

The beauty with these companies is that they have deep resources and experience. Even after setbacks, they have the potential of striking back. Most of them can have long term plans and are strategically well positioned. These are also dividend paying companies.

The best time to buy a blue chip stock is when some of them have a series of setbacks or downturns. For example, last summer Ebay stock was almost cut to half in a matter of months, down from $48 to $24. Buying the stock at $24 would have provided an excellent opportunity to make money.

There are numerous examples when once darlings of the market almost licked the dust, but made a remarkable come back. One should always be on the lookout for these opportunities. Even now there are stocks like Ford or Nortel which have the prospects of making up the lost ground and reward patient investors.

With limited funds, it is also no use spreading the money thinly over a large number of stocks. So called diversification may be good for mutual companies or hedge funds, but is not suitable for individuals. One should research companies well and concentrate on a few stocks only. If selection is good, the chances of losing money will be greatly minimized.

Small investors should stay away from volatile stocks. One may play a little with those, but they are mostly a money losing proposition. Similarly penny stocks and so called hot stocks should also be avoided. Though some of them may turn out to be growth stocks, it is hard to find them in thousands of stocks. For most of time, they lose money.

Energy stocks will continue to be profitable for quite some time. Medical stocks which are well established, profitable and dividend paying are also good. One should definitely avoid all those medical stocks which are still in the experimentation stage. Even though some of them have very good reviews, they should not be touched. Vasogen is a terrible example.

Selection of a stock broker is also important. These days they have so may hidden fees and one will be surprised. It is hard to read all of their fine print. Their fees may add up very quickly. For example, some will penalize you if your total investments fall below a minimum amount or if there is no activity.

One should always book profits if stocks have gone up considerably. At the same time losses should be booked much earlier than profits. One should never wait for stocks to turn up.

One should be very careful about advisers. Some times they are as ignorant as anybody. Art other times, they are associated with their recommended stocks. If their recommendations were true, they themselves could be rich in the first instance.

Make Money by Creating Newsletter – Part II

The basic steps in creating a newsletter are the selection of a niche subject to write about, deciding about the length of a newsletter, the selection of area and the audience, choice of black and white or color, selection of newsletter software, newsletter printing, the number of copies to be printed and the distribution method.

While creating newsletter, one has to select the sources for gathering news and writing material. With hundreds of sources both offline and online, that is not a difficult job.

One can distribute a newsletter free or even sell it if the information presented in the newsletter is very useful for its readers. Marketing Newsletter can take time. The main source of revenue for any newsletter is advertisement. With right strategy, it is easy to get ads, especially from small businesses.

As a newsletter picks up, one can always add to its length and features. Over time, it might also be easy to get free articles from budding writers and students. Proofreading is an area which should not be neglected. Special effort must be made to eliminate grammatical and spelling mistakes.

One can also start electronic newsletter printing. This will save one from a lot of headaches that go with printed newsletters. Above all it is least expensive and the only thing that it requires is the time of the publisher. Another form is email newsletter.

Publishing a newsletter or newspaper demands hard work, dedication, commitment, writing skills, popular topics, useful information and above all a reading population. If a newsletter is useful, it will attract a lot of readers.

One great advantage of marketing newsletter is that one can make a subscriber list. This may take time, but can be a very useful outcome.

Make Money by Creating Newsletter – Part I

From my personal experience I can only say that it is quite easy to create newsletter for making money. It can be in print or electronic form. Which one to choose depends upon the purpose and audience of a newsletter.

An electronic newsletter can have several benefits over paper version. It is least expensive, can reach larger audiences, can be more comprehensive and can compete with major newsletters. On the other hand, there is still a large demand for printed newsletters and some audiences read only paper editions.

I started my free newsletter in printed form. It was an 8 page newsletter. I made it so in order to minimize costs to start with. I could see that there were not many newsletters specifically meant for immigrants. So I selected this niche and named it “The Immigrant News”.

I published it monthly with a plan of making it fortnightly latter on. I had a copy of Microsoft Publisher already installed in my computer and so I used this newsletter software. I liked its ease of use and features. One can use any software, even MS Word.

My idea was simply to distribute it free and to cover my costs through sale of advertisement space. I was sure about its success as I could see that there were a large number of local businesses which could not advertise because of high costs.

My newsletter did not have many costs as I was the only person doing everything from newsletter design, writing and getting it published. First month was a little time consuming. Once newsletter template and news sources got established, it was not much work.

I had a plan of making a profit in a year’s time. Unfortunately I had to give up as I got a more lucrative job offer. I thought I will temporarily suspend it, but I could not publish it again.

Some Unique Ways to Make Money - Part II

That painter sits along a harbor every evening for a few hours. Hundreds of people comprising of children, adults and old people stroll through in the evening. He show cases a lot of his paintings. Many people sit there in cool breeze and get their own paintings made for $10. It takes him about 20 minutes to make an impressive painting. His is a big attraction for children.

A small time magician has been showing small tricks as he goes along and people pay him. Some violin or harmonium players play at popular places, show their talent and make easy money.

I have also seen a person sitting out side an unmanned entry to a subway railway station. One can enter from this side only with a token. Now many people are not having tokens. This guy keeps tokens and a fair degree of change. At once he pulls out a token and the needed change. He makes about 25 cents with every deal.

With a small digital camera or a camcorder in their hands, many people take pictures and films as they go along. They may as well make money from them on YouTube and on many other websites.

There are numerous other unique ways ordinary folks use to make money. The point I am making is that there is no stopping human ingenuity. One never need to be a genius or in a particular age group. One can always think novel ways of making money. Persons with ordinary education and intelligence have done it and are doing every moment.

Moreover, everyone has some talent. Why not to show it. People are ready to pay for some small fun and entertainment. The only qualities needed are a will, motivation, effort, confidence, boldness and do it attitude.

Some Unique Ways to Make Money - Part I

I have been seeing this person, a senior, for the last 4 months now in a prominent square. With two small tools, a box and a few posters, I estimate he has been easily making $100 to $200 a day.

What is he doing? He is challenging everyone for a game of chess and a donation of $10. I have never seen anyone winning over him. Many people take up the challenge, pay $10 and then play with him. If anyone wins over him, he promises to give them a champions cross.

He frequently talks on a speaker to the crowd that gathers around him to witness the game. He not only gets $10 from the person challenging him, but also from the crowd.

There can be very few novel ways to make money like that. Interesting part is that he is a senior and he is not only making money, but also having fun and providing entertainment to the public.

Then there is another person. In fact I have seen quite a few like that at various times. They mostly color themselves in silver grey or in various colors from top to toe. They look like a statue of some sort or a wax candle or a celestial body.

They stand stylishly on a stool motionless with one bent leg, one stretched and folded arm, saucer like hands etc. They look frozen with not even a movement of eyelids. Some people may take them as real statues and figurines.

The only time they move is when some one drops a coin or two in their hanging bag or box. Then they make a queer gesture as a matter of appreciation to the donor before again becoming motionless.

Standing like that for 2-3 hours, they easily go home with up to $50. I have also seen them standing in front of a shop or vendor to attract customers. He gets money both from the vendor and the public for entertaining them.