Multiple Streams of Income

[InvstrPaul]

InvstrPaul,
About that survivalist website...along with all the verbiage about our money not being good any more is a very offensive photo-shopped picture of President Obama--dressed like Adolf Hitler, salute and all.

You've lost credibility with me.

There used to be a couple of other guys on this site that were into that survivalist stuff.  Look back in the posts about one year and you will have someone to talk to.  Someone else extremist.

Furnishedowner

Sorry if you don't like the guy's website.  Just linked to a video that showed exactly what I was talking about.  If you don't want to sift through the sand to get the treasure that's your decision.  Personally, I just go to the guy's site for the gardening and food storage/canning info.  As far as you calling anyone extremist that's a kettle meet pot situation.  You're extremely left wing, nothing wrong with that, but how do you judge the opposite view point from your own?  "THEY are the EXREMIST not yourself".  I'm not trying to infuriate you or anything like that.  All I'm trying to point out is lets keep an open mind and not immediately shut down.

I also like the fact how you call me an extremist when you know virtually nothing about me.  All you know is that I like a few of that guy's videos.  You've already judged, sorted, and profiled me based off one link.  I'm not sure if I'd call that extreme but it's probably at least an overreaction.  Anyways, wish you the best and I truly hope you still consider Silver as an investment.  I'm already up 30% for the year on the few pieces I hold.



@davewindsor

The answer to most of your questions depends on where you live.  You can find companies online to submit your items to but I wouldn't trust them.  Always make sure your items are weighed and tested in front of you and not in a back room.  A lot of places may try to rip you off and use a bad scale, shave some of your silver off, or replace it for a cheap forgery.  Also make sure to weigh your items ahead of time so you know if there numbers are way off.

As far as coins and bullion go you won't want to take that to refiners.  US coins are technically legal tender and are illegal to deface.  This doesn't mean refiners won't smelt them and it doesn't mean you'll actually be prosecuted but might as well not take the chance.  Plus the big deal with coins is that they can be collectible and they demand a higher premium over the spot price.  A lot bullion is the same as far as the premium.  So you really only want to be taking junk silver to the refiners.  Old sterling items that are too worn for use or some sterling that you just don't want to keep.  You can also just skip the refiners and sell it to investors, precious metal, and pawn shops.  You could also sell it online but ebay does have it's own set of problems.  Oh and if you are feeling really adventurous you could smelt your junk silver at your house and make your own rounds, bars, and/or pellets.  If you decide to do that though make sure you do a bunch of research so you don't burn your house down.

As of right now I only have some coins, one ounce bars, and some sterling silver that I'll probably end up keeping.  I've only found sterling that has been in good condition so it would be a waste for me to send it to the refiners.  Once I get a full sterling tea set that closely matches then I'll probably start considering selling.  I have a plain sterling serving platter but it looks stunning when it's properly polished.

[javipa]

Ah, nothing warms the heart quite like a doctored photo of Obama as a Nazi. 

 

[fdjake]

I agree with InvstrPaul.......I've read a boat load of books that SUCKED with the exception of one or two paragraphs.  BUT....Those paragraphs had REAL VALUE.

Nothing wrong with picking through some JUNK to find TREASURE!!!

[furnishedowner]

InvestrPaul,
Okay, sorry I called you "extremist", it was the site that was extremist.  Extremist, but also  interesting.

You also labeled me "extremely left wing".  You get that from reading my posts?  Just curious.

Furnishedowner

[allagash]

I've read a boat load of books that SUCKED with the exception of one or two paragraphs.  BUT....Those paragraphs had REAL VALUE.

Nothing wrong with picking through some JUNK to find TREASURE!!!

finally retrieved about 9 boxes of books from storage today....

there's that one little gem that I know is in there somewhere....actually a few....

this one is options related.....but I'll dust off Dreman while I'm at it.

-Mike

[GRIDcorp]

I would have agree with staying in areas you can specialize in. I have been rehabbing properties for investor's and accumulating REI knowledge. I am about to buy my first property soon and begin building me empire! So while I rehab properties I have also gotten into selling off the fixtures. Door knobs, hinges, cast iron light fixtrues, etc. Not a huge amount of money, BUT I then take the PayPal money and use it to buy marketing products. Bandit Signs, Business Cards, my web site. Not a huge amount of money but the over the top capital i needed. A couple hundred bucks will not get me in business with "The Donald", but it has generated leads for homes that my investor picked up the in turn genearted wholesale commision.

Rather than complain about funding and money. I do what I can and build on each skill. Investment capital can be generated in many ways. Every dollar can be used to create an exponential amount of income. All the income streams are meaningless unless you have a plan to use it to create more income. The most important thing is to be active and get involved. Provide solutions to those who money and make them money.


I have a lawn care customer that at $75 per month has reffered more than $100K of good work my way. I've earned a small amount on a wholesale deal and truned around and made thousands cleaning them out and renovating them.

[rdtnet]

Hi Mike,

I have been looking for additional income as well that would be able to provide me with a residual income as a side to my wholesaling business.  As a fan of Robert Kiyosaki I had been looking into Network Marketing, but never seemed to be able to find a company that was a good fit. 

[deramussmith]

I have been looking for multiple streams of income for years as I'm sure many others have been doing the same, especially in this economy.  The only thing is finding the right one for you.  I've been in the mortgage industry for over 12 years and I've made my share of money but I've been looking for residual income.  Like pamperedchef a network marketing company, I've joined many companies and have failed.  Instead of thinking about the money all the time, I found out that it is more about helping people then anything in my opinion.  The more unselfish you are the more money you can make.  I found a company that compliments mortgage/real estate which is my passion and I really enjoy seeing realtors, investors and clients benefit from the info I provide.   

[allagash]

I found out that it is more about helping people then anything in my opinion. 

couldn't agree more.....

put another way....

create value....and the rest will come.

-Mike

[andydallas]

Zig Ziglar had a line (hope I get this right) "you can get anything you want out of life, if your willing to help enough other people get what they want",,,,I think I butchered the saying but you get the idea

[InvstrPaul]

InvestrPaul,
Okay, sorry I called you "extremist", it was the site that was extremist.  Extremist, but also  interesting.

You also labeled me "extremely left wing".  You get that from reading my posts?  Just curious.

Furnishedowner

Just trying to show you that labels for the most part close off our view to the world and we don't see things as they truly or completely are.  Yes your posts/personality is what most/many/some/few would consider far left.  The "extremist" point is in jest. 

The only true labels that any of us should be concerned with are "successful", "knowledgeable", "trustworthy", "respected", and for the super corny finish...."loved".  Of course the label "super ultra crazy rich" isn't bad either.


Other Streams of Income:

Well my long time gf, 7 years long, are finally going to get married on our 8th year anniversary which is Feb 29th.  We found a really cool modern looking renovated warehouse in downtown Kansas City.  It's the river market area that used to be home to shipping, manufacturing, processing, etc.  The area is becoming completely revitalized thanks to a museum, farmers' market, and loft renovations.  So if you see any old warehouses that are in good locations for cheap you may want to keep some of these ideas in mind.

The place we are renting for our reception/wedding only rents out for events.  Weekdays Monday-Thurs are $1000 for 8 hours and the same place costs 2.5 to 3 thousand on the weekends but you get 9-10 hours then.  This is about 2000 sqft, a curtained loft area for the bride, a full service kitchen, upraised bar/seating area, and the main floor.  Besides the kitchen and fire place the room is basically open space.  The point is they bought the building structurally sound and didn't have to put very much money into it.  Nice kitchen, bathrooms, clean up the place cosmetically, some modern fixtures, and boom you are making a couple grand for renting out a space for 1/2 a day.  I'd stand in line for that job...I'd stand in line all month.

Anywho, this thread has been really good for me because I'm starting to see things in a whole new light.  I almost have short term manic states where I see how to make a profit with virtually anything.  I'm going to some neighborhood garage sales and one or two estate sales tomorrow I'll let you all know if I find anything good.  I've met a couple of people who do this professionally and make a killing finding stuff at sales and then reselling it on amazon, ebay, other internet store/website.

[allagash]

Well my long time gf, 7 years long, are finally going to get married on our 8th year anniversary which is Feb 29th.

Congratulations.

-Mike
http://img.poptower.com/pic-43826/gnomeo-and-juliet.jpg?d=600

[allagash]

With regard to 3 Ring Binder and related TOC above….may not be for everyone…..but does provide a means for branching out.

Some will be winners and some will be losers.

Best are those that approach being totally passive.

Passive sources give you more time for critical thought.

Beyond the single binder is a bookshelf of binders….each with more detailed concentration.

-Mike
http://www.youtube.com/watch?v=mXsmyLtpxlA&feature=relmfu
btw....re: bookshelf fastening to wall....be sure to get toggle bolts that are longer than what you originally figure.....so that they can engage.....lmao...will save you a trip.

[InvstrPaul]

Well my long time gf, 7 years long, are finally going to get married on our 8th year anniversary which is Feb 29th.

Congratulations.

-Mike
http://img.poptower.com/pic-43826/gnomeo-and-juliet.jpg?d=600

Thanks.  We are getting pretty excited but we have a lot of it already planned out...tenatively.  So hopefully the whole process won't be too stressfu.

I didn't have time to go to estate sales this weekend but I didn't write a big check to my Roth IRA account.  On my first attempt to write the check I put "Five Thousand Dollars" in the TO field...that should let you know how often I write checks.  Hopefully the next big checks I see have my name in the TO field.

Anyways, hope everyone has a great weekend...the weather here in KC has been great so far.  Which means we'll probably get ice on Tuesday.