Showing posts with label extra income. Show all posts
Showing posts with label extra income. Show all posts

Sunday, May 20, 2007

Turn Tat Into Treasure

Do you ever look at some of the furniture that people are selling at yard sales, and think to yourself, "That would have looked so much better if they hadn't painted it that horrid colour"? Well, you are probably right. Not only would it look better, it would also be worth a lot more money, too! With a little bit of hard work, and some tender loving care, you could return that brightly painted chest of drawers to its original wood, and make it far more saleable. There really is no limit to what you can renovate. There are plenty of varnish, and paint strippers on the market nowadays. If you think that painting one of these products over the furniture, waiting a few hours, and then scraping the paint off takes too long; you could invest in an electric paint stripper and have it done in a fraction of the time. After you have revealed the original wood, you can either leave it stripped, or paint a coat of varnish over it. Either way, you can sell it for more than you paid, and you will have just recovered your initial small outlay, and made yourself a nice little profit.

The craze for 'customising' furniture has meant that there is a lot of furniture out there that has been butchered with brightly-coloured paints, transfer, stencils and every other technique that people have seen on the do-it-yourself programs. They are certainly to blame for a lot of hideous creations! However, you can thank them that they did encourage people to paint over their furniture, because you can now make a profit from it. You may even find that there is a valuable piece of oak furniture hiding beneath that pale lilac marble effect. You could find that you are able to sell it at an auction for a lot more than you originally paid for it at the thrift shop.

There are a lot of places where you can pick up cheap pieces of furniture - yard sales, thrift stores, the classified section of your local paper, online auction site and many more places besides. You may even be able to rescue some from being trashed. The owners will be more than happy to accept a couple of bucks for the table that they have left out for the garbage man to take away.

Whether you leave the wood in its original state without varnish, or add a coat of clear wood varnish, is up to you. Some people will still want to have the bare wood that they can then add a coat of wood stain, and varnish too. It might be worth keeping them stripped, and then asking potential buyers if they would like you to varnish it for them; for an additional fee of course! Natural wood is far too beautiful to be painted with bright, gaudy colours. You can help restore that beauty, and make yourself some money in the process too. All you need to get started is a few bucks to pick up your first piece, and paint remover, and you are on your way!

Monday, March 26, 2007

Are You Financially Illiterate?

A new generation has emerged. The America we live in now is NOT the America
Our freedom seeking founders envisioned. The days of one income households and
Stable jobs with good pay are over. We are now faced with mountains of consumer
Debts and employers who care about the bottom line more than their people.
Stay at home moms have been replaced by daycare workers. Dad no longer comes
home at 5pm every night. His job demands more time and he is trapped.
We have all been the victims of silver tongued devils with slick advertising campaigns
screaming zero interest until 2015 and no money down.
Our suburban utopia has been transformed to a prison.
We no longer work to enjoy life, we work to pay our debtors.

Credit cards are being used for everything from meals to gasoline.
Are we really so ignorant that we don't know that a $3,000 dollar credit
card balance with a 19% interest rate will take 39 YEARS TO PAY OFF?!
The food we bought with it wont last that long and neither will the gasoline.

So the question is how do we escape? A second job? A home equity loan?
The latest real estate guru's no money down system? NO!
The answer is to create multiple streams of passive residual income AND
to become financially literate. Most people are financially mislead and uneducated.
Need proof? When was the last time you bought something on a credit card that
is producing income for you today?

Take massive action now! Stop trading hours for dollars. Stop it!
Stop making credit card companies rich. Stop depriving your kids of
quality time because your slave master says you can't have a day off.
Become self educated and reliant. Our schools teach us how to dissect a frog but not
How to file income taxes. I dissect frogs all the time don't you?
Find a way to create and control markets and make residual income.
Find a business you can work from your computer that once built will
continue without you. Read books such as the Cash Flow Quadrant,
Think and Grow Rich, Why We Want You To Be Rich, Smart Couples Finish
First etc…Learn about compound interest and the Rule of 72. Learn how
To own your life instead of a job or a small business owning you.

The bottom line is we all have dreams and goals. I should say we all
Had dreams and goals. Some of us have forgotten how to dream.
You have two choices. You can either forget about your dreams and reduce
Them in size or you can make more money, have less or zero debt and have
Free time. Which do you choose?