I’ve enjoyed posting videos from YouTube because there is a lot of interesting content on there.  In particular, there is a lot of good content related to money and investing.  I think some of the content is so good, in fact, that I think I’m going to make YouTube a regular contributor to this blog.  Starting today, and every Friday after today, I will post a video from YouTube that is related to the topics I write about on this blog.  I’ll also provide a little commentary about the video and what it’s about.

Today, I came across this video from one of Robert Shemin’s seminars.  Shemin is the author of the recently-published book How Come That Idiot’s Rich And I’m Not?  In this segment from one of his seminars, he offers 7 ideas for making money. 

You might find some of these unconventional, but you can’t argue with the fact that they do help you make money.  I find that Shemin is great at simplifying wealth-related concepts to illustrate to people that anyone can become rich or at least get on the right path towards wealth.

Here are the ideas he explains in the video. 

1) Think of something you can sell.  Anything around your house that you don’t want.  Pick up, and sell it. 

2) Exploit your favorite hobby by teaching others how to do it or selling your expertise in that hobby in the form of an ebook, seminar, or related educational product.

3) Save money by negotiating lower interest rates with your credit card companies.

4) Cut your expenses by doing things like housesitting, using public transportation, downsizing your vehicle costs (i.e., trade in that 8-cylinder SUV for a Prius).

5) If you don’t have any money to start a business, raise it.  Ask your friends and family for money.  Start a fundraiser.  Simplistic, but how do you know it doesn’t work if you don’t try?  People do this all the time.

6) Invest in the stock market for the long-term.  Relax and don’t try to time the market (i.e., buy low and sell high).

7) Make friends with rich people, and copy what they do.

 

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