FIB - Scams 101

Re: Newbie with a question or two. (Long)

Posted By: Paul.E
Date: Saturday, June 30, 2007, at 9:12 a.m.(pst)

In Response To: Re: Newbie with a question or two. (Long) (Mel. White)

>> It's for real (and the original writer (deceased) really DID make his
>> living on Internet.)

>> HOWEVER... it sounds like you fell for the "everyone needs a
>> business" and "working for The Man makes you poor" and
>> "everyone on Internet is getting money or trying to" line of
>> logic, which will end up making you poor in the long run.

>> Fact is, most folks make "pin money" on the Internet (small
>> amounts, but seldom enough to replace a salary.) Fact is, the world can't
>> run if everyone has their business. No one that I know could build a
>> computer... from the "mine the minerals" to the "make the
>> boards from scratch" to "etch the circuits" to "make
>> the capacitors" to "make the drives" (etc, etc.) Fact is
>> that a collective of people who work to produce a demanded product always
>> will make more than a single person who runs from business to business,
>> trying to find the magical one.

>> If you don't have a business that you want to get into, it's OKAY to
>> put your money in investments instead. My husband did that (more than I
>> did) and his stock portfolio is well in the six figures after 20 years of
>> work. He never wanted to own a business in his life.

>> Here's a quick "should I or shouldn't I" test:

>> * do you have a hobby that can be turned into a business?
>> * do you have an interest that can be turned into a business?
>> * do you have the time (20 hours/week or more) that you can turn into
>> a business?
>> * do you have the patience to work on a business for a year or more?
>> * do you have family members or friends who own and run their own
>> businesses (who can give you advice on details of being in business)?

>> Remember, life is full of options. This might not be the best time for
>> you to start a business. Many folks here started their businesses as a
>> part-time hobby (like selling model trains, for instance) that gradually
>> expanded over the years. If you have time to invest and dabble in a hobby,
>> that would be a far better option than trying to dabble in something that
>> you don't know much about.

Not sure how to respond to your advice as I'm sure it is well intentioned. I'm no rocket scientist but I consider myself to be somewhat intelligent. However based on my original post, your response makes little to no sense to me. What the heck does this mean?

>>it sounds like you fell for the "everyone needs a
>> business" and "working for The Man makes you poor" and
>> "everyone on Internet is getting money or trying to" line of
>> logic, which will end up making you poor in the long run.

I happen to like my job and over the years I've looked for ways to supplement my income while learning something new. I am not delusional, thinking I'll make a million dollars overnight and yes, I fell for a couple scams, hence my questions. I have no intention of quitting my job nor do I even wish to as I have it quite good. I'm not poor but I'm not rich either. I merely wanted to know if a product promoted here was as good as it claims or just another waste of time and money. So to answer your questions (and good questions they are):

Don't know if any of my hobbies can be turned into a business and I'm not sure I'd want to. When one turns his hobby into his business, he often times comes to lose interest in said hobby. I've lost a few friends who participated in mutual hobbies because they turned it into (or at least tried) their business and no longer want it as a hobby.

Yes, I believe I do have an interest that can, over time, become a business. Actually some advice I read on this site resonated with me and I'm going to give it a shot but it will take some time and effort.

I have time to devote.

Yes I have patience and since I'm not in dire straits (Thank God), I can take time to try and educate myself before diving in.

No, unfortunately for me none of my immediate family owns a business but I know people who did and/or still do. I shall undoubtedly seek their wisdom.

So in summary let me say I'm not expecting to make millions with a "magic bullet." To be quite honest, I'd be tickled pink if I could bring in an extra $300 to $500 a month but even an extra $100 would be great. Couple that with learning new things and I've got a win/win situation. Sounds logical to me. :)

Again, sorry for the long post but I do like to write. ;)

Messages In This Thread

• Newbie with a question or two. (Long)
  Paul. E -- Friday, June 29, 2007, at 11:56 a.m.(pst)
  • Re: Newbie with a question or two. (Long)
    DaveB -- Friday, June 29, 2007, at 1:24 p.m.(pst)
    • Re: Newbie with a question or two. (Long)
      Becky -- Monday, July 9, 2007, at 10:22 a.m.(pst)
  • Re: Newbie with a question or two. (Long)
    Mel. White -- Friday, June 29, 2007, at 4:24 p.m.(pst)
    • Re: Newbie with a question or two. (Long)
      Paul.E -- Saturday, June 30, 2007, at 9:12 a.m.(pst)
      • That might be something to try. :)
        Mel. White -- Saturday, June 30, 2007, at 12:15 p.m.(pst)
        • Re: That might be something to try. :)
          Paul.E -- Wednesday, July 4, 2007, at 5:54 a.m.(pst)

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