Comments on: My Take On Optimizing Spending or Earning More Money http://studenomics.com/personal-finance/my-take-on-optimizing-spending-or-earning-more-money/ Wed, 23 May 2012 15:40:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Marshall http://studenomics.com/personal-finance/my-take-on-optimizing-spending-or-earning-more-money/#comment-5835 Marshall Tue, 02 Jun 2009 03:17:45 +0000 http://studenomics.com/?p=851#comment-5835 I know what you mean about writing for associated content. They are a ripoff and you can't make money with them because if they do not like what you write you don't get paid. It's thier way or the highway. If you want to make a lot of money just find something that is very exciting and motivating to you and do it and you will attract a lot of wealth. Passive and residual income is very easy to develop these days if as well, but can take some time to create. If you like writing you can do this very effortlessly on the internet. If you do not like writing, just ask yourself what brings you joy and happiness and excitement and then be that version of yourself in whatever work environment you want and then you will find yourself debt free in no time. Most people just do what they do not want and suffer. Just do what you WANT and do not be afraid to go after what you want. Life really is all about WHAT YOU WANT. I know what you mean about writing for associated content. They are a ripoff and you can’t make money with them because if they do not like what you write you don’t get paid. It’s thier way or the highway. If you want to make a lot of money just find something that is very exciting and motivating to you and do it and you will attract a lot of wealth. Passive and residual income is very easy to develop these days if as well, but can take some time to create. If you like writing you can do this very effortlessly on the internet. If you do not like writing, just ask yourself what brings you joy and happiness and excitement and then be that version of yourself in whatever work environment you want and then you will find yourself debt free in no time. Most people just do what they do not want and suffer. Just do what you WANT and do not be afraid to go after what you want. Life really is all about WHAT YOU WANT.

]]> By: SaveBuyLive http://studenomics.com/personal-finance/my-take-on-optimizing-spending-or-earning-more-money/#comment-4272 SaveBuyLive Fri, 01 May 2009 21:47:26 +0000 http://studenomics.com/?p=851#comment-4272 People always talk about reducing spending or increasing income as if it was some kind of battle where one wins over the other one. Or at least that one is somehow superior to the other one. This is silly. Reducing spending and increasing income both take effort and produce money in exchange for that effort. Therefore, the question to ask is "how much effort is it to do X and how much money do I bank because of it?" Do the mental computations based on your life situations and start knocking out the easiest things with the largest payoffs. If you can make $50 by watching a cat for a weekend that sounds like a good deal. If you can save $50 by turning off your air conditioning and getting a big box fan that also sounds like a good deal. Saving $2-3 a month by constantly unplugging your "vampire appliances" sounds like a rip off. Spending hours writing for Associated Content for ~$3-4 an article is also a rip off. See where I'm going with this? People always talk about reducing spending or increasing income as if it was some kind of battle where one wins over the other one. Or at least that one is somehow superior to the other one.

This is silly.

Reducing spending and increasing income both take effort and produce money in exchange for that effort.

Therefore, the question to ask is “how much effort is it to do X and how much money do I bank because of it?”

Do the mental computations based on your life situations and start knocking out the easiest things with the largest payoffs.

If you can make $50 by watching a cat for a weekend that sounds like a good deal. If you can save $50 by turning off your air conditioning and getting a big box fan that also sounds like a good deal. Saving $2-3 a month by constantly unplugging your “vampire appliances” sounds like a rip off. Spending hours writing for Associated Content for ~$3-4 an article is also a rip off.

See where I’m going with this?

]]> By: Roger http://studenomics.com/personal-finance/my-take-on-optimizing-spending-or-earning-more-money/#comment-3758 Roger Fri, 24 Apr 2009 03:30:06 +0000 http://studenomics.com/?p=851#comment-3758 Hum, my thinking is almost exactly the opposite. There's a certain nonzero amount of money that each of us need to survive, which limits the amount of extra money we can derive by relying only on spending cuts. On the other side, working a second job can theoretically allow you to earn as much money as you are currently bringing in, if not more (again, at least in theory). Don't get me wrong, cutting expenses are important; it's usually quicker and easier to cut your spending than to earn more money, and as you mention, there are limits on how much we are willing and able to work to make money. If I needed more money, I would look to both (although, I currently having a bit of trouble getting another FIRST job). Hum, my thinking is almost exactly the opposite. There’s a certain nonzero amount of money that each of us need to survive, which limits the amount of extra money we can derive by relying only on spending cuts. On the other side, working a second job can theoretically allow you to earn as much money as you are currently bringing in, if not more (again, at least in theory).

Don’t get me wrong, cutting expenses are important; it’s usually quicker and easier to cut your spending than to earn more money, and as you mention, there are limits on how much we are willing and able to work to make money. If I needed more money, I would look to both (although, I currently having a bit of trouble getting another FIRST job).

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