Wednesday, February 9, 2011

New Ways of Making It

In my last blog I talked about the conventional methods of saving and investing money are now antiquated and simply does not work for the average American. I will now explore different ways of saving and investing and it starts with paying yourself. When you receive your pay check there should be a certain amount of money that you pay yourself. Your check is already taxed and then you go and buy items in the market place and you are yet taxed again. So when you wonder where is your money going it's going to the latter as well as you are confused to how much money you actually have and spend because we do not normally do tax calculations let alone calculate ATM fees and other hidden charges out there. Instead of going to the ATM machine go into the bank and make a withdrawal. Take out the amount equivalent to what you would have taken out the ATM in one week. Pay yourself the fees that you would have paid the bank in ATM fees. After 30 days calculate the amount you have earned in thirty days. That is YOUR interest that YOU have been paying the bank as a convenience fee for them to allow YOU to access YOUR own money! In addition if you do not have cash but have the debit card just make the purchase with the card. Change your habits and delete the ATM from your daily program. This is just one out of many ways to create more money for yourself as it related to savings.

Innovation and creativity is what you need to have in order for your money to work for you. There are people who are making money by buying and selling on EBAY. There are also are also people who have acquired merchandise and started their own online stores. I have even seen people who have a talent like writing poetry create a book of poetry and a website and published and sold there book as a result.These are just some examples of the creative ways of making money and there are many more....if you want to know more just contact me via email at shawnmurry1@gmail.com or leave a comment on here. So invest in yourself or better yet invest in GOLD! Yes the value of the dollar is based on GOLD. So it would be wise to by some ounces of gold to guarantee a solid return. Just check the market and you will agree.

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