What’s the best thing about the times we live in?
We have more opportunities than ever for making money and you can do it sitting on your couch! Think about it, Benjamin Graham and Warren Buffett had to wade through pages and pages of company reports to pick stocks but today anyone, not just the wealthy, can get these in a matter of seconds and at no cost!
You can spend all your savings shopping online or you can grow your savings by offering services online. And if you aren’t careful, you can also get scammed. The choice is yours.
Blogging
I think it was this realization that turned me into a blogger. I think of it this way. Everyone has something to offer. Everyone has a passion, some like watching movies, some like discussing sports some are good at home improvement and some are good with numbers. And on the other side, there is always someone who wishes he knew what you know! There are 6 billion people on this planet. Chances are very high! The internet is an extraordinary tool. The question is how are you going to use it?
Here’s another reason I like blogging. Between home and work, you need an outlet. If you can write about what you are good at and possibly make some money in the bargain, why not do it?
Finance
What qualifies me to talk about finance? I do not have a finance background and I think that helps! I look at finance topics as a layman does and I hope I explain it the same way without getting sucked into finance jargons.
Here’s a list of things I think I did right looking back:
- I dumped BofA sometime in 2001 or 2002 and joined a credit union. Remember this is waay back when joining credit unions wasn’t as fashionable as it is today.
- I did all my banking online when online banking was still in its infancy.
- I have never set foot in my CU as of this post!
- Made money selling photographs online early on. My first taste of making money online! I still earn money from this hustle even though it’s been years since I added anything new
- The first time I ever checked my credit score, it was above 800. So I know I did something right, though unknowingly!
- Except for my first car, paid cash for all subsequent purchases. That’s each car I bought at different points in my life. I do not own a fleet of cars! (I wish!)
- Paid 20% down for the house, though I wish I could’ve paid all cash.
- Lost a lot of money (multiples of 5 figures) in the stock market when I was still young! Better when young than when nearing retirement.
- My chat with my 401K provider never goes well.
Yakezie!
Now I don’t play WoW, so I don’t have a lot of purely virtual friends! :) Yakezie made up for this lack! I met some incredible bloggers who have become very good friends now. Being active in the blogosphere means reaching out to new and established bloggers. That’s what I did. I connect with some, I don’t with the others, but I won’t know till I try! It simply mimics what we do in real life! And even if I didn’t connect, most blogs live in my RSS reader. I think that’s a good way to broaden my horizon. Read a differing opinion. I may not accept everything, but at least I know! (Good debt/bad debt debate is my favorite!).
Privacy
In this age when privacy is becoming less relavant, I think as a finance blogger I need to be extra vigilant. If you post a screenshot of a finance product you use and if it had some important info like your SSN, you could be toast! Once it is out there, it is out there. A little bit of Facebooking and one can pretty much find out everything needed to break in to your accounts. Once your identity is stolen, trust me, you get little help. It can be months before you get back what’s yours. Is posting your name worth the risk?
I know there are differing opinions on this issue, stick with what you are most comfortable with.
Family
My 2 year old was the reason I got to realizing I needed more. He sits on my lap watching Sesame Street on one window and me browsing Yakezie blogs on another. So if you ever find comments from me on your blog that makes no sense you know the reason. I totally blame my kid!
Bloggers
I think I’ve commented on every Yakezie blog there is (ok, I’m exaggerating a bit!), and hopefully none were rude or tactless. To all those who did not get a visit from me, hey I need to know! The more the merrier! To all those who visited or commented or wrote me a personal note, thank you! If I can return the favor, just ask!
Advice
I received a number of comments on what I did to breach Alexa rank in less than a month. Here’s what I would advice for those starting out. For every comment, reply to the comment and/or visit the blogger and participate by commenting.
Read as many blogs as possible.
A person who won’t read blogs has no advantage over one who can’t read blogs.
– With personal apologies to Mark Twain
Thanks for sharing this info with us MoneyCone!
I can relate with you on the realization of how many money-making opportunities are online! I started with one website, but I am quickly learning that there are many other avenues!
Thanks Derek! Always enjoyed reading your blog! I’m glad your move went smoothly! I’m in the middle of one – hence the silence! :)
Thanks for sharing. I actually recently got pissed off at BOFA because they were silently charging me 5 bucks a month on an account where I accidentally slipped below their minimum. BOFA really annoys me off but almost every single service I use is tied in some shape or form to this checking account. If this happens again, I’ll bit the bullet and ditch em.
I love your blog name and banner image! And your success story is incredible! I haven’t seen your blog before, but adding to my rss list!
BofA’s shenanigans are countless! It’s not that they pull annoying stunts, it is that these keep changing and every change is for the worse and an excuse to charge you fees.
Thanks for insight into your blogging life! haha, I used to be an avid WOW player myself, shsshhhh don’t tell anyone! Looking back I don’t know how they convinced me to pay a monthly fee to play a video game! Looking forward to connecting with you more in the future :)
:) Same here! Everything in moderation, right?!
Money Cone – glad you’re a part of the network, and I liked reading your intro post. Well done. Of course, we’ve been commenting on each other’s blogs for a while, but it was good learn more about your perspectives. I know what you mean about paying all cash for cars, by the way! I’ve purchased one with a big loan and another with all cash, and the latter is a much, much better way to go!
You said it! Don’t have to worry about interest rates and credit scores! Cash is king! Hey thanks for leaving insightful comments and the awesome posts! Your posts are always very refreshing!
If you guys have been wondering why I’ve not been as active, I just completed a move and still getting everything setup (basically that means internet!!). Should be back on my feet by next week!
I have a lot of catching up to do!
Yo MC! Great to learn more about you and glad it was just a move. Did it go smoothly? Thought you were pulling a disappearing act on us! Blogging is an outlet for me, too. Great advice on commenting and privacy. That’s an interesting (memorable) pic you selected. Wouldn’t expect anything less. :) Glad you’re still with us!
Haven’t gone anywhere Buck! The move did go pretty smooth – I wish I had done the internet part sooner. So yeah, had to go a few days in the dark!
Hi Moneycone, Excited to read your article and get to know you a bit more. Great idea wrt to the kid!! I’m a big fan of tv for kids. Who can beat Disney, Sesame Street and Nick? I’m also totally impressed that you are making money selling pix on line. Very cool!
Thanks Barb! Your ‘howtos’ are very practical and you have a knack for explaining complex terms in very simple language! Always a pleasure to read your posts!
Its awesome to hear more about you! You have definitely done a lot of things right, and losing the money is also a lesson in what NOT to do, so that is something to build off of as well!
Hey I consider losing money as ‘cost’ of my investing education! Your posts are very educational and I always look forward to your investing plays! Thanks Robert!
good to hear more about you MC – the point of multiple options resonates with me. as i have progressed in my journey, i have learned to say no to several opps that came my way. clarity is very important (knowing what you want). just makes everything so much easier and better :)
Sunil, your passive income plays are very inspirational and there is always something to learn. Thanks for sharing!
Even without a degree in finance, you have quite a good “resume” with your financial successes. Congratulations. By the way, my 2 year old is also an avid Sesame Street fan. No one beats Elmo. :)
You have a 2 year old as well? Then you know exactly what I go through! :) That Elmo song is stuck to my head!
HA! I joined my CU in ’96. :D
Sounds like you are doing great financially. Thanks for coming by and reading my blog too. Nice intro post!
’96? Joe, I can’t top that! You are da man! What do you mean thanks for reading my blog? I love your blog and it is very refreshing to see you actually inching towards your goals. Plus your pictures are always awesome! (For others: some of the photos in Joe’s blog are his own, not stock!)
Wow, I am not sure how you pull off having your 2 year old sit on your lap and type. I have mastered that, yet. If I have some crazy keystrokes on my blog you will know that I am attempting it.
Great views on personal finance. I have some of the same views as you. I made some mistakes but made more great choices. I hope to cross the $1 Million asset threshold by the time I am 41. I don’t have a secret formula. I just made a plan and stuck with it.
As long as it keeps him quiet I don’t mind working off half a screen! Of course, the repetition gets to you after a while and you start bonding with certain characters and you start liking some and not liking some (Calliou anyone?)… ah the joys of parenting!
Having a plan and starting somewhere is half the battle already! I wish you the best hope you meet your goals Joe!
Thanks for sharing! Your comments are always thoughtful, I guess the 2 year old is learning quick. (BabY-akezie blogs anyone? lol)
I don’t know if my 2 year old is learning Yakezie, but I sure am learning 2 year old stuff!
Thanks LaTisha, your forex plays are scary and educational at the same time! :) Your posts are always very informative.
Welcome Money Cone! Hope your move goes smooth. Take your time going through the Member Forums and reaching out to others for help.
Thanks Sam! As you can tell, I have my internet access back! Thanks for taking on this incredible initiative called Yakezie! When I think about it, this is pure genius but I’m sure the early days must’ve been a lot of planning and hard work.
I joined Yakezie very recently, but for all those who worked on getting this network started hats off!
Hey, moneycone. You offer a lot of good advice here. I got started online because I would have rather spent my time on the internet in useful pursuits, learning and teaching, than in playing games and spending too much time on social networks. Not that I don’t do those things, but I wanted some balance. Plus my writings have nothing to do with what puts food on the table, so it serves as an outlet as well. Plus, there are no greens fees which makes it a cheap hobby, although the weather is starting to warm up a bit which means less writing and more swinging.
True Optionsdude! It is either games or blogging! You spend money on one and you make and educate on the other!
Great to learn more about you MoneyCone. I join you in my hate of BoA! Great advice and I too think there is a lot of opportunity online to earn money doing what you are passionate about. Keep up the good work.
Thanks Todd for the kind words. You have a life style that makes me jealous! :)
There’s a ton of wisdom on this site! As a new blogger and one of the newest Yakezie Challengers, I’m looking forward to learning more and more from the more established members.
Pat, keep at it and enjoy what you do. Visit other blogs, form relationships. Be in it for the long haul!
Great to hear more about you Cone! Look forward to working with you here!
Thanks Dr. Dean! Likewise!
Very fast rise up the ranking MC. Congratulations! I am a credit union fan myself.
Thanks Mark!
Moneycone – it’s great to have you as part of the network. You always have good comments and interesting articles. Thanks for sharing your story.
Thanks for the welcome Sandy!
Great post, Moneycone. It’s pretty remarkable that you paid cash for all but your first car. Not many people can make that claim! Here’s to your continued success. :-)
Thanks Eliza!
Welcome to the Yakezie!
Thanks FC! Your personal story is very inspirational!
I dumped BofA and switched to a credit union in 1980. Who knew I was a trendsetter? Actually these were the only options on the Naval base I was stationed.
I’ve enjoyed getting to know you and look forward to continuing our online (and hopefully someday in-person) friendship.
That is awesome Kay! We should definitely collaborate on a project!
“Between home and work, you need an outlet” – couldn’t agree more! Love that you multi task with your 2 year old watching sesame street while you blog. That must take a lot of concentration not to start writing about Big Bird and Elmo. :)
Even when he’s not around I have my window at half width and then realize I have the freedom now to maximize it!
Congrats on the 20% down! That’s nothing to laugh at. I only put 5% down when we bought our house. We couldn’t have done 20% :(
Thanks MrsMoney! Savings account is badly bruised! :)
Now your comments on my blog make sense. It was the toddler! :) Kidding, kidding. I don’t know when you sleep because I see you everywhere! I mean every single blog that I go to you’ve been there already. I feel like I’m stalking you.
Wasn’t me Sandy, I swear, I swear! But let me check with my kid. I knew Sesame street was just a smokescreen! He’s a secret Yakezie fan!
:)
Hi MoneyCone,
You dropped by my site, thanks for the great comment! Good point on the financial education. In almost all instances, experience is the best education anyone can get! I like your style so far, and enjoy the humor you bring to your writing. Don’t worry, your comment made perfect sense, and Mark Twain will forgive you, sometimes things just need a bit of an update :). I look forward to hearing from you again!
Thanks,
Timothy
Thanks Timothy!
Wow, I just realized that I didn’t RT this! Sorry about that! I’ve rectified this though, you’ve been RT’d MoneyCone. The best to you!
Thanks,
Timothy
Thanks for the gesture Timothy, much appreciated!
Privacy is definitely important online. I did get a few comments from you and noticed you made a great effort in reaching out to everyone; thanks for stopping by and for the support. :)
Hey whaddya mean ‘thanks for stopping by’? I have you on my RSS list!! I even attempted to read that Chinese post! :-)
I hope I didn’t scare away too many people with that post. ;)
I totally agree on reading more blogs. You actually learn from it, and it broadens your knowledge.
Having a two-year old kid on your lap while browsing Yakezie is amazing! It’s another good thing about blogging… it doesn’t sacrifice the time for your family. :)