Money Making Methods

December 5th, 2011 by Money Man No comments »

I write about all sorts of different money making methods on a variety of websites. But the site with the most (over 400 pages now) is EveryWayToMakeMoney.com. Below are some of the most recent pages I’ve added to it. I write most of the content for this website, but I do occasionally hire help, and my writer in Israel will be getting a dozen new pages to me soon, so be sure to bookmark the site if you like what you see.

Be an Antiques Dealer – A good business if you do it right.

Cheap Condos – Ten cities that have a supply of condos for under $50,000.

Be a Grave Digger – It’s a job that has to be done, and may not be » Read more: Money Making Methods

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New Bank Stress Tests

November 28th, 2011 by Money Man No comments »

Can the big banks survive another economic situation like the crisis of late 2008? That’s what federal reserve regulators want to find out. They had more than 30 banks participate in new stress tests after the close of business on Tuesday last week. These are the largest banks in the country, all with assets of $50 billion or more.

The banks are expected to have plans in place for how to have or arrange for sufficient capital to survive a major shock. More specifically regulators will look at whether the banks will be able to continue consumer and business lending even when facing a crisis situation. But the biggest of the big will be tested even more severely. According to an article on CNN.com;

 

Six banks with large trading operations will have an even higher hurdle to clear, simulating a more severe global financial meltdown. Those banks are Bank of America, Goldman Sachs, Citigroup, JPMorgan Chase, Morgan Stanley and Wells Fargo.

…The Fed issued specific instructions that vary depending on » Read more: New Bank Stress Tests

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Business Help

November 21st, 2011 by Money Man No comments »

If you are thinking about buying or starting a business, there are mentors to help you. They are part of SCORE, a non-profit organization that has branches all over the country. They will also provide business help for existing companies.

My wife and I have done well with our online business, but we want to diversify. More specifically we want to buy a business that is already successful. And though we have started a few small businesses, we have never bought one. It really is a different process, to say the least. So we made an appointment with a local SCORE volunteer this week.

By the way, there are 13,000 of these volunteers offering confidential business » Read more: Business Help

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It’s Not Over Till It’s Over

November 14th, 2011 by Money Man No comments »

We would like to think that the housing crisis is past and now all we have to do is wait for prices to rebound. Unfortunately foreclosures are still happening at higher-than-normal rates all over the country. That is putting pressure on the big mortgage funds. For example, according to MoneyNews.com;

 

Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion.

 

Fannie Mae also attributed the deeper cash drain to losses on derivatives that are used to hedge the firm’s exposure to swings in interest rates and expenses related to home loans made prior to the 2008 financial collapse. In the year-earlier quarter it had a loss of » Read more: It’s Not Over Till It’s Over

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Posted in Economics, Real Estate

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Money Making Pages

November 7th, 2011 by Money Man No comments »

Once again it is time to take a look at the latest money making pages on EveryWayToMakeMoney.com Here are some from the last two weeks or so, with a short description of each…

Buy and Sell Cars for a Profit – How to raise cash quickly with a fast transaction. This page explains how to do this even if you have no money of your own to invest. Alternately, if you know nothing about cars, but have a thousand bucks to invest, it also looks at that.

A Strategy for Rental Condos – Make a decent return from rent and plan for a profit when selling. Cash flow is so good with some condos now, that they could lose value for years to come and you’ll still make good money.

Make Coasters to Sell – Specifically, this is about making sandstone coasters from » Read more: Money Making Pages

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Another Financial Crisis?

November 2nd, 2011 by Money Man No comments »

The collapse of the global financial services firm Lehman Brothers triggered, which filed for Chapter 11 bankruptcy protection on September 15, 2008, is considered to be one of the triggers of the financial crisis that unfolded in the following months. Are we going to see another crisis happen, perhaps triggered by another large investment firm going bankrupt? It is possible, according to an article in the New York Times;

“Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on Monday.”

The firm was hoping to find a buyer, but plans for that fell through when it became known that there is money missing. Instead MF Global filed for bankruptcy on Monday. Regulators are now investigating the matter. It is speculated that the firm may hav » Read more: Another Financial Crisis?

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Best Small Businesses?

October 31st, 2011 by Money Man No comments »

Which are the best small businesses during these relatively tough times? Who is still doing well despite the state of the economy? Here is what a recent article on CNN.com found:

“The economy is weak and consumers aren’t spending freely.

But here’s the good news: There are small business sectors that are growing — and where the chances of success are higher, according to Sageworks, a financial software and information company.

To name a few: Child care. Liquor stores. Services that help people with their finances.”

The article expanded on a few of the small businesses listed;

“Financial investment activities: This sector includes » Read more: Best Small Businesses?

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Posted in Economics, Making Money

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Euro Zone Crisis Update

October 28th, 2011 by Money Man 1 comment »

Will the the euro zone debt crisis be resolved anytime soon? It seems that it will be “sort of” fixed in a temporary way, as is the fashion with these sorts of long-term problems that are addressed by short-term political thinking. There is some sort of agreement as of Thursday morning, but it isn’t quite final.

For starters it will involve a larger bailout of Greece; 130 billion euros, or $180 billion. There may be a bigger write-down or payoff of debt as well. The European Financial Stability Facility, or EFSF will apparently get new powers to guarantee sovereign debt purchases made by private bondholders.

But as Michael Schuman says in a Time Magazine article;

“…the plan is ultimately no more than a politically determined collection of half-measures. With voters at home turning more and more sour on euro bailouts, the zone’s leadership has attempted to tackle the crisis with hardly any new money being put on the table. And, as the saying goes, you get what you pay for. The bank recapitalization plan calls for banks to » Read more: Euro Zone Crisis Update

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Posted in Economics, Politics

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Make Money as a Politician?

October 26th, 2011 by Money Man 1 comment »

Can you make money as a politician? Of course you get paid if elected to just about any position others than city council in some small towns, but you also spend a lot of money to get elected. On the other hand, it can be other people’s money. According to a recent story on Yahoo news;

“Obama reported this week his campaign and the Democratic party raised a combined $70 million for his re-election bid…”

The article also noted;

“Obama campaign manager Jim Messina said in an email to supporters this week that more than 600,000 people donated to the campaign since July, more than the previous three-month cycle.”

The Republican candidates have only raised » Read more: Make Money as a Politician?

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Making Money in 2011

October 22nd, 2011 by Money Man No comments »

The year isn’t over yet, so lets look at making money in 2011. Here are some recent posts and pages from our family of websites and blogs. Maybe you’ll find something of interest…

Internet Article Marketing – Does it Still Work? – I am sometimes asked if internet article marketing still works. Here is my answer…

Offer Crickets for Sale – Start at home and possibly make big money.

Be a Frame Maker – Creative work that can be built into a great business.

How to Be a Movie Extra – Many years ago I had a chance to be a movie extra, and I declined. Now I find out that » Read more: Making Money in 2011

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