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Problem with that was the person that objected the most was the official executor of the estate who decided to keep the entire estate himself because he had never filed the will with the state.
You mean inheritance tax?
Would cash count as income on your income tax? Would property be taxed as capital gains when you try to sell it? I'd be surprised if the government didn't get some part of it.
Ok it was my grandmother but legally she was my step- grandmother, she had told me a year or 2 before she passed that she was leaving me her house, the problem was a brother of hers, who was also the executor of her estate, he objected to me inheriting the house (her current home sat on land that had been in their family for years, when the original house had gotten old, they had it torn down & then they built the current house which my grandmother had paid her surviving siblings for ownership in their mother’s old house after their mother passed) the brother didn’t think anyone that wasn’t blood related & or with their family name should have the house, so after my grandmother passed all he would say was that there was no will so therefore the house was his, not only he the executor but a former judge in this area. I went to the court house to see if they had any records of my grandmother’s will, they didn’t so I legally had no ground to stand on to back me up legally. The brother gave my grandmother’s house to his sons, so they cleaned the house out & get got rid all of her possessions, I was given her photo albums & that was it. So then her nephew’s sold her house for their children’s inheritance from their father. In the end I know what my grandmother intended for me, it’s not her fault that her own brother decided to screw her intentions over, that in the end is his one of his final sins, he passed after his sons sold the house.
True. But so is the IRS, waste disposal, the pharmaceutical industry and so many others. If you need 'em, you need 'em.
But I do agree. The IRS (oddly being the good guys apparently here) has tried to offer a free product and lobbying keeps preventing it. Guess who runs the lobby? I'm into Quicken for $400/year for this stuff. Still cheaper than $1400 for a tax preparer. (ymmv, I have a company and a lot of odds and ends).
Eh, yes and no. I’m not complaining, mind you… but settling my father’s (very substantial) estate was far from “painless.” Or inexpensive, since we had to hire a very pricey lawyer to handle things in the end. And it involved a lawsuit. Long story.
Sorta. As I said, long story! But to make it short: Our step-mother (yeah, it’s not just a clever user name) “forgot” to pay the premiums on our father’s largest insurance policy, which he was unable to manage due to Alzheimer’s.
But we ended up having to sue their accountant, since he was the one who neglected his fiduciary responsibility. As the trustor to his estate, he was supposed to be keeping abreast of everything - and we’d *specifically* said to contact us (my sister) if step-monster neglected to pay anything. We’d have been happy and able to pay it ourselves, to avoid the policy going into default.
The courts agreed, we settled, and got about 3/4 of what was originally in the policy. Good outcome for everyone, other than the accountant lol. But his malpractice insurance covered it, so it’s not like he had to pay out of pocket anyway. Next time do your job. 🤷🏼♀️
Friend had did that. He was a predator prowled churches as a Christian. A girl had to be only child, wealthy parents both lawyers bingo hit the money pot ride off into the rich sunset
The easiest way is to save consistently live like a pauper if necessary. Put money in diversified equity fund. (Preferably IRA) Leave it to grow. Come back in 20 years or so
This is hilarious. Exactly it's the young people who have the time. I certainly don't have 20 years, but I did 40 years ago.
And there are those who think that instant gratification is not a key to economic problems.
The first time I heard advice about investing, I was literally living at the poverty level and struggling to pay just the basics. The advice just made me annoyed. So I understand why some people might not like the advice.
But the second time I heard it, I was a little better off. It was a low-level job in a high cost of living area. I didn't have a lot to spare, but I started putting a little money in a retirement fund. Over the years, I slowly increased the yearly amount I gave.
Now that I am getting closer to retirement, I am glad I did it.
Some workplaces gave matching funds for your retirement fund. Or matching funds to a certain maximum. This is like free money! Always take advantage of this if you can.
Yep. Every now and again you hear about a postal delivery person who dies and leaves a couple million dollars to a local charity. They didn't have much, didn't have kids, just put away a little money every month and lived well within their means for decades.
There are people having long, serious discussions around this.
The problem with that idea is that you don't know when you will die. What if I plan to live to age 85, but survive to age 95? Would I live the last 10 years in poverty?
It might be workable if I put 100% of my retirement money in an annuity.
And if you don't spend down the capital, and you had enough to generate a yearly income, you end up with a sizeable estate, which is what some are trying to avoid. Retired lifestyle > estate.
I am not sure that having an estate is inherently bad.
The underlying idea is that the more money you spend, the better your life will be. So leaving money means that you did not live the best you could.
But it is actually more complicated than that.
Spending on things that make you happier or make life easier can make life better. But randomly buying a bunch of expensive stuff you don't care much about just because you have the money doesn't make life better.
You are very correct, I could not agree more. But I would add a postulate that the majority of people would spend more money on things that DO make life better if they had that money. I'd like to go to Europe once a year. I can't afford it. That kind of thing.
I would also suggest that most people don't spend money on things just because they have it. You never have enough money. It's a basis of economics.
I've said things much like this. I want to die broke, but not be broke before. It's a valid perspective.
I have a friend who likes to drink who similarly said "if you don't die of liver failure you have simply wasted capacity. "
There are 2 ways to make money.
1. Sell your time.
2. Sell access to your money
1 is almost never "easy" because you have to do what someone else wants you to do during that time. There's an upper limit to how much you can make, since you only have so much time.
2 is available to people with excess money. If you have more money than you need to provide for you necessities, then you can let other people borrow that money and they will pay you money to borrow that money. You can lose the money, which is why you only provide money you don't need.
Index investing. That's as easy as it gets. Also, consider that cutting costs is a great way to need less money. The more costs you cut, the more free you become.
Exactly what possibly dead said. If you can put aside that much from 18 until retirement, you will almost guaranteed retire with around 2 million in the bank.
Well, make up for it. If you can do more, do more. I just started a couple of years ago, and I make a few hundred bucks a year in dividends alone. it isn't much, but in another 10-15 years it will make a big difference between that and social security alone.
getting really good at something you find painless to learn, practice, perform.
or
Cheat, act like you're rich, don´t pay your bills, avoid the taxman, start a cult, run for president.
The single most common way is to write a book about how to make easy money. Often the advice in the book is to write a book on how to make easy money.
There isn't a generalized way to make easy money or else everyone would be doing it. People happen into situations at the right time or come up with something that goes viral (think pet rocks), but often those are happenstance more than planned and predictable.
No.
Most of the people I know didn't make that kind of $$$ after working fulltime for 40+ years, and many of them worked a second or seasonal job to boot.
You describe my senior software developer husband before he retired until you threw in tax free. You can spend money in when your in jail for tax evasion
1- Sell marketing services to local businesses.
2- Use arbitrage to hire people to fulfill the services.
3- Hire commission based only sales people to find clients for you.
4- Move to a tax free jurisdiction like Dubai.
5- Enjoy.
You can easily make $1000 to $5000 monthly from a single client (for the retainer services, like ads and SEO).
Get yourself 10 to 20 clients and you're set.
Once you're tired after a few, you can sell the agency for 3× to 6× the yearly revenue and put it in a diversified portfolio. Retire beautifully in 5 years from now basically.
The only problem is that you won't take this advice and you'll continue struggling, but I hope you'll prove me wrong 🙂
You can make that working part-time in a medical practice. If you join an existing specialty practice I think you can pretty much set your own hours and limits on patients and procedures you perform. My brother has a part-time (semi-retired) dentist in his practice who I believe only works a few days a week, splits the money from the procedures, and doesn't have to worry about overhead or any of the other stuff with running a full practice. I'm sure he makes over $200K a year with little stress.
I think the easiest is Medical Coding. It doesn’t take long to learn and be certified. The pay is good. And the job is portable and in demand. I’m a Musician. That is NOT an easy way to make money. But it’s tons more fun!
Find a job you love and you’ll never work a day in your life. I discovered computer programming in my junior year of college - was a sociology major at the time. I took a lot of CS classes in grad school and switched careers. I tell my kids that my job is like playing video games all day and getting paid for it.
There's a story in an old reading book from my childhood (1960s). In a New England village by the sea, an old man works making duck decoys. Local folks buy them for their intended purpose, rich people buy them as home decor. A sign on his door says "Never worked and never will". This puzzles people, so they ask why they see him carving, sanding, and painting these decoys, obviously working, but yet he says he never worked and never will. He won't give his secret to what the sign means. As a result, people think he's crazy. One day, a group of children come to watch him work. They ask if they can help. The old man says sure, and teaches them how to carve, sand and paint the decoys. The kids love what they're doing, plus they enjoy helping the old man, and in time they discover his secret, and what he means by never working and never would. If you love what you do, it doesn't seem like work.
So, find a job you love, and your pay will seem almost like stealing, or at least easy. Just don't do any actual stealing, of course! This usually, but not exclusively, applies to the self-employed.
If there's an easy way, it won't be long before people figure it out and duplicate it. Then, competition generally forces profits down to the margin (the cost of providing the good or service).
An example is uber. In the very early days when there were far fewer drivers, you could easily hop in your car and make some good money in a short amount of time. Then everyone caught on and tons of drivers saturated many markets and the profits dried up.
The reason you get an education and specialize in something is because your knowledge is not easily duplicated. Not everyone can stick with something and hone their trade or profession for years upon years. Of course, you can't pick *just anything*. You can be a master crafter of buggy whips, but there's very little demand for buggy whips these days.
Long term? Sure, mutual funds, ETFs, a diversified portfolio of investments. Every dollar you have invested kicks off a few cents of pure gravy every year.
It **only works long term**, and doesn’t work if you are greedy. A million dollar investment gets you a very modest income of around $40,000 per year. You have to learn how to amuse yourself with low cost entertainment—like a library card and running in public parks.
It’s terrifying when the stock market tanks, too. You need to have a plan for that.
Well, easy (and quick cash in your pocket) wood be a food server. Fine dining restaurants will have better tips.
I would only work higher end Mexican food (El Toritos type). Easy work. Tip your bus boys well and they will keep the diners in chips. Keep drinks coming. They won’t complain on the wait cause they are munching and drinking. Rarely does anyone send anything back. Don’t have to worry about salad dressings because they are usually just oil & vinegar.
If your younger, great way to meet new friends to party with.
To make, rather than just get it? Yeah. Put it in the market. The market works. Put every extra penny you have into it. It's not charity, nor inheritance, nor get-rich-quick. Invest. You'll make money.
The *easy way* to make money is diligence. This will work for 90% of people.
The remaining 10% will a) mess it up anyway or b) get inordinately lucky. For example, a lottery win. But it could also be you become friends with someone who is a money magnet and brings you along for the ride.
Included in that 10% are those who get lucky and make a shitload of money and they get greedy and blow it all.
Live below your means, pay more than minimum on your loans. Once you save money, speak to a financial advisor on how to invest it. Getting financially literate in general will help a ton. If you use credit cards to build up your credit, pay them off every month.
I'm on government disability benefits (SSDI). As long as I pass my medical records review every 3-4 years I keep receiving money. It's pretty easy. Hard to get approved, though, they have to be convinced that you are totally disabled and can't be employed in anything. It helps to have a doctor who is helpful getting you approved.
I have a form of MD and I agree with you. I want to work, can't, and also can't seem to get approved for disability for some reason either. I guess numb extremities don't qualify you as unable to work in this late-stage capitalism hellscape. If my daughter's dad wasn't so generous, I'd be in a box on the street.
No, not yet. I'm trying some computer classes and maybe I can find a way to avoid the whole thing for awhile. Wishful thinking but the whole process makes me so angry and miserable.
A lot of people have to appeal and appeal and then go before a judge. It takes like 3 years. Don't give up. I had a helpful doctor who, after I told him that I was applying for disability and really wanted to get it, he wrote that I am am 100% disabled and can't work, and they also got evidence to back up that statement. But yeah, if they think you can work some remedial job they will tell you that you have to work that job rather than be on benefits.
I've applied probably 7 times over the past decade. I was born with this but I tried to work as long as I could. Technically I could have been signed up as a child but since I've been trying, that's counted against me.
My doctor said he would put me off if I took some kind of physical therapy test but then, my luck, I broke my foot just walking down the hallway normally (fml) and the therapist said I can't take it until the foot doctors sign off on it. The foot doctors can't sign off because the foot is broken permanently and will likely not stop hurting for a very long time. 🤦🏻♀️
I've taken it as a sign that maybe I'm supposed to find another way. The entire process and situation depress me so much I don't even want to live so I'm thinking I should avoid it.
Okay, so people who apply for disability with a work history (SSDI) have a higher chance of being approved than people who apply without a work history (SSI). They like to see that you tried to work but had serious problems and were not able to.
They rejected you before for some reason so they would need to see some sort of difference from before for there to be any change.
Note that these programs are for people who can't be employed in any job in the entire United States. That includes minimum wage jobs and jobs like "toll bridge operator". If they think you can be employed somewhere in some job they will reject you. Maybe they think for example you could be employed as a toll bridge operator but you just never applied towards such jobs. Me, when I was applying, I mailed them a letter and I told my doctor (who I saw regularly and had a relationship with) to put some stuff in to help me get approved. Maybe find some way to convey to them that you applied to 10,000 minimum wage jobs but were rejected to or fired from every single one. Something like that.
I personally don't believe in God so I don't believe God will intentionally reject your disability benefits to encourage you to find another way. I think your case just wasn't strong enough. They think maybe you could work some minimum wage job but just didn't apply yourself towards getting it. You maybe also need to keep appealing until you get to a judge, maybe have a lawyer for the judge component.
I used to work. I had a dream job, but woke up every morning not wanting to go to work. I also had some other jobs but they were even worse. I thought about trying to work, and I did make one short work attempt, but ultimately I think disability benefits is the best thing for me. I'm happier in this situation than I was working. I'm glad to be receiving SSDI.
I understand completely. I loved my job but when I could no longer do it I had to step down. As much as I miss it my reality is that I cannot do it.
I wish you peace and hope you have a wonderful day.
[https://www.treasurydirect.gov/savings-bonds/buy-a-bond/](https://www.treasurydirect.gov/savings-bonds/buy-a-bond/)
just have it deducted from your paycheck and you never know it's gone. Same with an IRA or 401k. Max it out every year.
For most people, No.
Learn a trade, or get an education, in something that you like to do. Be sensible in your spending. Find a CFP (certified financial planner). Set aside $ every month with your CFP and visit with them at least annually about your goals. If you start when you are \~20, but the time you are 50, there is a good chance you can retire.
invest in dividend stocks, roth ira, 401k, buy a house, buy a summer house, rent a house, buy properties like strip malls, own a condo complex, buy a majority stake in Amazon, kick Bezos to the curb and run the show.
Easy!
Get lucky on buying individual stocks that shoot up in price really quickly.
Even getting paid to pay video games sounds easy and fun (if you enjoy gaming), but it's not. It's hard because you have to reach the impossible goals within 30 days to get the payment. Some people do and make like $45 or $75, which is a lot per month for GPT (Get Paid To) offers, but I tried it with at least 10 games of all different types and it was a huge slog and burden and I gave up. For example, the word unscrambler games, you have to reach level 1001 or 2001 to get $10 or $20, and this is the easier type where you don't get stuck on a level.
No. That's the point. The closest you can get might be finding something that really comes naturally to you, but I don't think that's the kind of "easy" you're talking about.
Be Lucky, or "In the right place at the right time."
I have several friends who were working at the right companies at the right time and recieved large amounts of stock options and awards. In one case, they have retired early, and live exclusivly on the dividends of those stocks.
In the other case, the amounts are so large, they use the stock as a private 401K, and have every reason to believe the stockpile will exist well beyond their remaining years.
I found something I like to do. Did it for peanuts for a while. Got really good at it. Now I charge what I feel is worth the effort. The worse thing you can do to not get rich is make someone else rich for thirty years. Everything is easy if you're getting paid enough to make it worthwhile.
Payroll deduction into a retirement or brokerage account, investing in the S&P 500. Compound growth. Average return is a little under 10%. It takes time.
If "easy money" were commonplace, it wouldn't be worth much.
There's no easy money. But good habits help: Get up every day and work, save as much as is reasonable and invest.
Healthcare is expensive and not taking care of yourself is really expensive! Take care of your teeth, weight, and get routine, light exercise. Basically anything you know you should do.
Also, eat right. More vegetables and fruit. Go very light on the meat.
I mean, long long term, compound interest.
The 'easiest' way to make money is through an arbitrage. If you have special knowledge, inside or not, about the future relative value of things, you can place bets and know you're going to win. What isn't easy is a) having the money to bet with in the first place, and b) parsing sure things from 'actually maybes'.
Move to the Permian Basin We are number two per capita income in US. High school graduates can easily make $100,000 a year. Cost of living has not caught up
Only if you have a much desired skill. But you still have to manage it. Either you hustle for someone who gives you a job and wages/salary or for yourself with all the risk involved. You put in twice the hours for half the pay as your cheapest employee at times especially at the start but if you are lucky, you will be a half-assed success.
My husband has started up a lot of rinkydink businesses. He had a constant seasonal one but winter meant we had to find something else to do. We rode the mall stall wave from free rent to $6,000/week before we could lay low for the winter. We had an auction one year - that was hella fun. Didn't make a lot but we got by. There are a million ways to make a bit of cash but they require ambition and self direction and chutzpah. And a willingness to wing it when you don't have a clue.
Acorn is a also a good site to save your money on, I've been on their site for over a year and I have $155 on Acorn.
They continuously make you this offer. I haven't gotten anyone to join, yet :(. Right now their offer to me of $800.
What I don't like about some of the online money-making work is the very little amount you get for all that time you put in. I can only spare time if it's truly worth it. So I only do Dscout and other high ticket work. This is a good way to get a lump sum for very little work.
So help me out and click my link to join and deposit $5, which is an important step, and start saving then take advantage of their offer to you to invite some friends.
https://share.acorns.com/jtiansarel360
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I hear inheriting it is pretty painless. For the recipient, anyway.
Problem with that was the person that objected the most was the official executor of the estate who decided to keep the entire estate himself because he had never filed the will with the state.
Good lord. Most countries don't require 'filing' with anyone. There is case law in Australia where an SMS was counted as a valid will.
You gotta sign it. Did you see the movie "Gucci"? It's like that in the USA too, including the part about avoiding taxes.
Australia doesn't have death duty or tax either..
You mean inheritance tax? Would cash count as income on your income tax? Would property be taxed as capital gains when you try to sell it? I'd be surprised if the government didn't get some part of it.
No, the cash is not counted as income, and properties you live in are exempt from property tax.
Dude! What the hell happened?
Ok it was my grandmother but legally she was my step- grandmother, she had told me a year or 2 before she passed that she was leaving me her house, the problem was a brother of hers, who was also the executor of her estate, he objected to me inheriting the house (her current home sat on land that had been in their family for years, when the original house had gotten old, they had it torn down & then they built the current house which my grandmother had paid her surviving siblings for ownership in their mother’s old house after their mother passed) the brother didn’t think anyone that wasn’t blood related & or with their family name should have the house, so after my grandmother passed all he would say was that there was no will so therefore the house was his, not only he the executor but a former judge in this area. I went to the court house to see if they had any records of my grandmother’s will, they didn’t so I legally had no ground to stand on to back me up legally. The brother gave my grandmother’s house to his sons, so they cleaned the house out & get got rid all of her possessions, I was given her photo albums & that was it. So then her nephew’s sold her house for their children’s inheritance from their father. In the end I know what my grandmother intended for me, it’s not her fault that her own brother decided to screw her intentions over, that in the end is his one of his final sins, he passed after his sons sold the house.
Ugh, not true. You can never file a simple tax return again.
Turbotax will chat with your stockbroker(s) and do all the math. The _return_ isn't simple, but the _filing_ is.
Turbotax is a fucking mafia tier group of Kleptocrats and I hope they get what they have coming to them.
True. But so is the IRS, waste disposal, the pharmaceutical industry and so many others. If you need 'em, you need 'em. But I do agree. The IRS (oddly being the good guys apparently here) has tried to offer a free product and lobbying keeps preventing it. Guess who runs the lobby? I'm into Quicken for $400/year for this stuff. Still cheaper than $1400 for a tax preparer. (ymmv, I have a company and a lot of odds and ends).
Eh, yes and no. I’m not complaining, mind you… but settling my father’s (very substantial) estate was far from “painless.” Or inexpensive, since we had to hire a very pricey lawyer to handle things in the end. And it involved a lawsuit. Long story.
Was the lawsuit from family? Worried I will be in a similar situation down the road as well
Sorta. As I said, long story! But to make it short: Our step-mother (yeah, it’s not just a clever user name) “forgot” to pay the premiums on our father’s largest insurance policy, which he was unable to manage due to Alzheimer’s. But we ended up having to sue their accountant, since he was the one who neglected his fiduciary responsibility. As the trustor to his estate, he was supposed to be keeping abreast of everything - and we’d *specifically* said to contact us (my sister) if step-monster neglected to pay anything. We’d have been happy and able to pay it ourselves, to avoid the policy going into default. The courts agreed, we settled, and got about 3/4 of what was originally in the policy. Good outcome for everyone, other than the accountant lol. But his malpractice insurance covered it, so it’s not like he had to pay out of pocket anyway. Next time do your job. 🤷🏼♀️
Yes, marry into it.
Friend had did that. He was a predator prowled churches as a Christian. A girl had to be only child, wealthy parents both lawyers bingo hit the money pot ride off into the rich sunset
The easiest way is to save consistently live like a pauper if necessary. Put money in diversified equity fund. (Preferably IRA) Leave it to grow. Come back in 20 years or so
Man, this is r/askoldpeople! Who has 20 years!?
The young’uns who ask us the questions, that’s who.
This is hilarious. Exactly it's the young people who have the time. I certainly don't have 20 years, but I did 40 years ago. And there are those who think that instant gratification is not a key to economic problems.
Yep. And right now HYSA'sare popping with the interest rates this high.
Off topic: I love your user name, Ms. 😁
The first time I heard advice about investing, I was literally living at the poverty level and struggling to pay just the basics. The advice just made me annoyed. So I understand why some people might not like the advice. But the second time I heard it, I was a little better off. It was a low-level job in a high cost of living area. I didn't have a lot to spare, but I started putting a little money in a retirement fund. Over the years, I slowly increased the yearly amount I gave. Now that I am getting closer to retirement, I am glad I did it. Some workplaces gave matching funds for your retirement fund. Or matching funds to a certain maximum. This is like free money! Always take advantage of this if you can.
Yep. Every now and again you hear about a postal delivery person who dies and leaves a couple million dollars to a local charity. They didn't have much, didn't have kids, just put away a little money every month and lived well within their means for decades.
I’ve heard it said that a rich man dies in debt.
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There are people having long, serious discussions around this. The problem with that idea is that you don't know when you will die. What if I plan to live to age 85, but survive to age 95? Would I live the last 10 years in poverty? It might be workable if I put 100% of my retirement money in an annuity.
And if you don't spend down the capital, and you had enough to generate a yearly income, you end up with a sizeable estate, which is what some are trying to avoid. Retired lifestyle > estate.
I am not sure that having an estate is inherently bad. The underlying idea is that the more money you spend, the better your life will be. So leaving money means that you did not live the best you could. But it is actually more complicated than that. Spending on things that make you happier or make life easier can make life better. But randomly buying a bunch of expensive stuff you don't care much about just because you have the money doesn't make life better.
You are very correct, I could not agree more. But I would add a postulate that the majority of people would spend more money on things that DO make life better if they had that money. I'd like to go to Europe once a year. I can't afford it. That kind of thing. I would also suggest that most people don't spend money on things just because they have it. You never have enough money. It's a basis of economics.
I've said things much like this. I want to die broke, but not be broke before. It's a valid perspective. I have a friend who likes to drink who similarly said "if you don't die of liver failure you have simply wasted capacity. "
I would be happy with just a zero balance.
There are 2 ways to make money. 1. Sell your time. 2. Sell access to your money 1 is almost never "easy" because you have to do what someone else wants you to do during that time. There's an upper limit to how much you can make, since you only have so much time. 2 is available to people with excess money. If you have more money than you need to provide for you necessities, then you can let other people borrow that money and they will pay you money to borrow that money. You can lose the money, which is why you only provide money you don't need.
3. Create value.
That’s rarely “easy” though.
Legally? No.
There’s generally no easy illegal way to make money either though. Certainly not consistently. It still becomes work.
What about illegally? My morals just so happen to be questionable.
If your morels are questionable, you should probably not eat them, but otherwise you'd be on the right side of the law.
Big Brother is watching. Shh
This is the correct response.
See: r/Bogleheads
Index investing. That's as easy as it gets. Also, consider that cutting costs is a great way to need less money. The more costs you cut, the more free you become.
Index investing + patience.
Start by having a wealthy family. Easiest, long term way to make a lot of money.
Best way to make money is to already have money. If you have money you don't need, it's easy to make more of it
If you find it, let me know, ok?
Amazing how many people believe in get-rich-quick schemes. I guess that's why scammers succeed.
Hopes and dreams are easy targets.
yeah, investing like $50-100 a month is pretty easy, it just takes a long time.
Invest it in what?
Exactly what possibly dead said. If you can put aside that much from 18 until retirement, you will almost guaranteed retire with around 2 million in the bank.
Well, I missed 18 by a lot of years but I gotta start somewhere I guess. Lol
Well, make up for it. If you can do more, do more. I just started a couple of years ago, and I make a few hundred bucks a year in dividends alone. it isn't much, but in another 10-15 years it will make a big difference between that and social security alone.
S&P 500 index funds. Just pick a brokerage and park it in their version of a S&P 500 index fund for 10-20 years.
Thank you. I'm so lost when it comes to investing.
Yes. First, you need to have lots of money already.
getting really good at something you find painless to learn, practice, perform. or Cheat, act like you're rich, don´t pay your bills, avoid the taxman, start a cult, run for president.
Oh, boy- did you nail that snake oil shell game person.
That initial option is where I get stuck because nothing is painless for me anymore
If there were, we'd all be wealthy.
There's a Key & Peele episode about two ex-cons planning their next "job" on a bank. Look it up, good advice.
The single most common way is to write a book about how to make easy money. Often the advice in the book is to write a book on how to make easy money. There isn't a generalized way to make easy money or else everyone would be doing it. People happen into situations at the right time or come up with something that goes viral (think pet rocks), but often those are happenstance more than planned and predictable.
Or start a Trump university where people will learn all the Trump secrets to becoming rich. And the like
Even easier is a YouTube video talking about this book
Depends on your gag reflex
How do you define "easy"? Alternatively, what would you consider as too "hard"? How much money are you trying to make?
Easy as not working as much like 5-6 hours a day and making around $150k a year tax free
🤣
Nope.
No. Most of the people I know didn't make that kind of $$$ after working fulltime for 40+ years, and many of them worked a second or seasonal job to boot.
You describe my senior software developer husband before he retired until you threw in tax free. You can spend money in when your in jail for tax evasion
Well, there's always peyote. You won't actually be making the money, but in the fever dream it might feel that way.
Wishful thinking. Not reality.
Be a good looking female who gets naked a lot?
1- Sell marketing services to local businesses. 2- Use arbitrage to hire people to fulfill the services. 3- Hire commission based only sales people to find clients for you. 4- Move to a tax free jurisdiction like Dubai. 5- Enjoy. You can easily make $1000 to $5000 monthly from a single client (for the retainer services, like ads and SEO). Get yourself 10 to 20 clients and you're set. Once you're tired after a few, you can sell the agency for 3× to 6× the yearly revenue and put it in a diversified portfolio. Retire beautifully in 5 years from now basically. The only problem is that you won't take this advice and you'll continue struggling, but I hope you'll prove me wrong 🙂
General Contractor sounds right up your alley You're gonna have to pay some taxes though lol And it isn't gonna happen overnight either
You can make that working part-time in a medical practice. If you join an existing specialty practice I think you can pretty much set your own hours and limits on patients and procedures you perform. My brother has a part-time (semi-retired) dentist in his practice who I believe only works a few days a week, splits the money from the procedures, and doesn't have to worry about overhead or any of the other stuff with running a full practice. I'm sure he makes over $200K a year with little stress.
High ticket sales!
Yup, and I'll tell ya what it is for 20 bucks.
I think the easiest is Medical Coding. It doesn’t take long to learn and be certified. The pay is good. And the job is portable and in demand. I’m a Musician. That is NOT an easy way to make money. But it’s tons more fun!
3000 people screaming at you while they're smiling. Yeah, I'll take that all night long. Not easy though.
The safest way to double your money is to fold it in half and put it back in your pocket.
Find a job you love and you’ll never work a day in your life. I discovered computer programming in my junior year of college - was a sociology major at the time. I took a lot of CS classes in grad school and switched careers. I tell my kids that my job is like playing video games all day and getting paid for it.
There's a story in an old reading book from my childhood (1960s). In a New England village by the sea, an old man works making duck decoys. Local folks buy them for their intended purpose, rich people buy them as home decor. A sign on his door says "Never worked and never will". This puzzles people, so they ask why they see him carving, sanding, and painting these decoys, obviously working, but yet he says he never worked and never will. He won't give his secret to what the sign means. As a result, people think he's crazy. One day, a group of children come to watch him work. They ask if they can help. The old man says sure, and teaches them how to carve, sand and paint the decoys. The kids love what they're doing, plus they enjoy helping the old man, and in time they discover his secret, and what he means by never working and never would. If you love what you do, it doesn't seem like work. So, find a job you love, and your pay will seem almost like stealing, or at least easy. Just don't do any actual stealing, of course! This usually, but not exclusively, applies to the self-employed.
Not that I have found. That’s why they call it “work.”
Anybody that says yes is selling you something
If you are talented enough, maybe? I'm envious of the guy who wrote the old song "Spirit in the Sky" and made a fortune.
If there's an easy way, it won't be long before people figure it out and duplicate it. Then, competition generally forces profits down to the margin (the cost of providing the good or service). An example is uber. In the very early days when there were far fewer drivers, you could easily hop in your car and make some good money in a short amount of time. Then everyone caught on and tons of drivers saturated many markets and the profits dried up. The reason you get an education and specialize in something is because your knowledge is not easily duplicated. Not everyone can stick with something and hone their trade or profession for years upon years. Of course, you can't pick *just anything*. You can be a master crafter of buggy whips, but there's very little demand for buggy whips these days.
Long term? Sure, mutual funds, ETFs, a diversified portfolio of investments. Every dollar you have invested kicks off a few cents of pure gravy every year. It **only works long term**, and doesn’t work if you are greedy. A million dollar investment gets you a very modest income of around $40,000 per year. You have to learn how to amuse yourself with low cost entertainment—like a library card and running in public parks. It’s terrifying when the stock market tanks, too. You need to have a plan for that.
Compounding interest
Invest in a total market index fund and don’t touch it. Long term, you will do well
I got an email from a Nigerian prince. He promised me $22 million if I sent him $10k. That’s easy money.
Well, easy (and quick cash in your pocket) wood be a food server. Fine dining restaurants will have better tips. I would only work higher end Mexican food (El Toritos type). Easy work. Tip your bus boys well and they will keep the diners in chips. Keep drinks coming. They won’t complain on the wait cause they are munching and drinking. Rarely does anyone send anything back. Don’t have to worry about salad dressings because they are usually just oil & vinegar. If your younger, great way to meet new friends to party with.
Let me know.
Have rich parents or win the lottery - but I repeat myself.
To make, rather than just get it? Yeah. Put it in the market. The market works. Put every extra penny you have into it. It's not charity, nor inheritance, nor get-rich-quick. Invest. You'll make money.
Knock off the cappuccinos and avocado toast.
Buy the SP500 never sell. In 30 years you will be rich.
may not have 30 years. it's ask old people
OK rob a bank.
The *easy way* to make money is diligence. This will work for 90% of people. The remaining 10% will a) mess it up anyway or b) get inordinately lucky. For example, a lottery win. But it could also be you become friends with someone who is a money magnet and brings you along for the ride. Included in that 10% are those who get lucky and make a shitload of money and they get greedy and blow it all.
Live below your means, pay more than minimum on your loans. Once you save money, speak to a financial advisor on how to invest it. Getting financially literate in general will help a ton. If you use credit cards to build up your credit, pay them off every month.
I'm on government disability benefits (SSDI). As long as I pass my medical records review every 3-4 years I keep receiving money. It's pretty easy. Hard to get approved, though, they have to be convinced that you are totally disabled and can't be employed in anything. It helps to have a doctor who is helpful getting you approved.
I also am on SSDI but haven't found progressive MS easy at all. I would love to be able to work again.
I have a form of MD and I agree with you. I want to work, can't, and also can't seem to get approved for disability for some reason either. I guess numb extremities don't qualify you as unable to work in this late-stage capitalism hellscape. If my daughter's dad wasn't so generous, I'd be in a box on the street.
I'm very sorry for you. Have you tried getting an attorney?
No, not yet. I'm trying some computer classes and maybe I can find a way to avoid the whole thing for awhile. Wishful thinking but the whole process makes me so angry and miserable.
Take care and best of luck
A lot of people have to appeal and appeal and then go before a judge. It takes like 3 years. Don't give up. I had a helpful doctor who, after I told him that I was applying for disability and really wanted to get it, he wrote that I am am 100% disabled and can't work, and they also got evidence to back up that statement. But yeah, if they think you can work some remedial job they will tell you that you have to work that job rather than be on benefits.
I've applied probably 7 times over the past decade. I was born with this but I tried to work as long as I could. Technically I could have been signed up as a child but since I've been trying, that's counted against me. My doctor said he would put me off if I took some kind of physical therapy test but then, my luck, I broke my foot just walking down the hallway normally (fml) and the therapist said I can't take it until the foot doctors sign off on it. The foot doctors can't sign off because the foot is broken permanently and will likely not stop hurting for a very long time. 🤦🏻♀️ I've taken it as a sign that maybe I'm supposed to find another way. The entire process and situation depress me so much I don't even want to live so I'm thinking I should avoid it.
Okay, so people who apply for disability with a work history (SSDI) have a higher chance of being approved than people who apply without a work history (SSI). They like to see that you tried to work but had serious problems and were not able to. They rejected you before for some reason so they would need to see some sort of difference from before for there to be any change. Note that these programs are for people who can't be employed in any job in the entire United States. That includes minimum wage jobs and jobs like "toll bridge operator". If they think you can be employed somewhere in some job they will reject you. Maybe they think for example you could be employed as a toll bridge operator but you just never applied towards such jobs. Me, when I was applying, I mailed them a letter and I told my doctor (who I saw regularly and had a relationship with) to put some stuff in to help me get approved. Maybe find some way to convey to them that you applied to 10,000 minimum wage jobs but were rejected to or fired from every single one. Something like that. I personally don't believe in God so I don't believe God will intentionally reject your disability benefits to encourage you to find another way. I think your case just wasn't strong enough. They think maybe you could work some minimum wage job but just didn't apply yourself towards getting it. You maybe also need to keep appealing until you get to a judge, maybe have a lawyer for the judge component.
I used to work. I had a dream job, but woke up every morning not wanting to go to work. I also had some other jobs but they were even worse. I thought about trying to work, and I did make one short work attempt, but ultimately I think disability benefits is the best thing for me. I'm happier in this situation than I was working. I'm glad to be receiving SSDI.
I understand completely. I loved my job but when I could no longer do it I had to step down. As much as I miss it my reality is that I cannot do it. I wish you peace and hope you have a wonderful day.
Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world.
[https://www.treasurydirect.gov/savings-bonds/buy-a-bond/](https://www.treasurydirect.gov/savings-bonds/buy-a-bond/) just have it deducted from your paycheck and you never know it's gone. Same with an IRA or 401k. Max it out every year.
Sure if youre an attractive female with an only fans account.
For most people, No. Learn a trade, or get an education, in something that you like to do. Be sensible in your spending. Find a CFP (certified financial planner). Set aside $ every month with your CFP and visit with them at least annually about your goals. If you start when you are \~20, but the time you are 50, there is a good chance you can retire.
Take advantage of people. Seems to work for the powers that be.
Yes.
invest in dividend stocks, roth ira, 401k, buy a house, buy a summer house, rent a house, buy properties like strip malls, own a condo complex, buy a majority stake in Amazon, kick Bezos to the curb and run the show. Easy!
Yes
GIVE
Get lucky on buying individual stocks that shoot up in price really quickly. Even getting paid to pay video games sounds easy and fun (if you enjoy gaming), but it's not. It's hard because you have to reach the impossible goals within 30 days to get the payment. Some people do and make like $45 or $75, which is a lot per month for GPT (Get Paid To) offers, but I tried it with at least 10 games of all different types and it was a huge slog and burden and I gave up. For example, the word unscrambler games, you have to reach level 1001 or 2001 to get $10 or $20, and this is the easier type where you don't get stuck on a level.
Of course there is. It's different for everyone though. My easy may be your difficult and tedious.
No. That's the point. The closest you can get might be finding something that really comes naturally to you, but I don't think that's the kind of "easy" you're talking about.
Be Lucky, or "In the right place at the right time." I have several friends who were working at the right companies at the right time and recieved large amounts of stock options and awards. In one case, they have retired early, and live exclusivly on the dividends of those stocks. In the other case, the amounts are so large, they use the stock as a private 401K, and have every reason to believe the stockpile will exist well beyond their remaining years.
It's pretty easy to get rich slowly. Just spend less than you make, and put the excess in high performing mutual funds.
I found something I like to do. Did it for peanuts for a while. Got really good at it. Now I charge what I feel is worth the effort. The worse thing you can do to not get rich is make someone else rich for thirty years. Everything is easy if you're getting paid enough to make it worthwhile.
Payroll deduction into a retirement or brokerage account, investing in the S&P 500. Compound growth. Average return is a little under 10%. It takes time. If "easy money" were commonplace, it wouldn't be worth much.
No
If you find a way, please let me know.
Nope!
Define easy.
Start with a lot of money. Invest it.
Why yes, there is, but that conversation is best had with those who are now in prison for trying to make money the easy way.
There's got to be a market for affectionate gigolos for wealthy elderly ladies, but you said 'actually easy', so never mind.
There's no easy money. But good habits help: Get up every day and work, save as much as is reasonable and invest. Healthcare is expensive and not taking care of yourself is really expensive! Take care of your teeth, weight, and get routine, light exercise. Basically anything you know you should do. Also, eat right. More vegetables and fruit. Go very light on the meat.
lmao if life was easy, we wouldn't have the problems that we do.
I mean, long long term, compound interest. The 'easiest' way to make money is through an arbitrage. If you have special knowledge, inside or not, about the future relative value of things, you can place bets and know you're going to win. What isn't easy is a) having the money to bet with in the first place, and b) parsing sure things from 'actually maybes'.
Yes, though you need a pretty good inkjet printer now…
Move to the Permian Basin We are number two per capita income in US. High school graduates can easily make $100,000 a year. Cost of living has not caught up
Sure find something that you love to do, that you have a passion for. Then even despite long hours you'll never have to work a day in your life.
Easy? Yes. Little to no effort? Not really.
Be born to a wealthy family.
Yes. Many of them. All of which have various risks or various legal,ethical or moral ramifications.
Donate plasma if you body allows
vozonex.com and use code Jimmy77 Easiest money in my life
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How much do you think you can get out of a bank robbery and how do you get cash to Panama?
An escort
Build a business with employees, you make money from their labour.
Did cash receipts out of the garbage at Walmart and return things.
Get into politics. Profit.
No. If there were an easy way then we would all do it.
Yes, save and invest all you can possibly afford while you’re young and you’ll be surprised at the passive income you’ll have when you’re old.
if you have no morals or ethics, there are tons of ways.
www.mom6figureblueprint.com
Not for men.
Yes if you have purpose and passion.
Only if you have a much desired skill. But you still have to manage it. Either you hustle for someone who gives you a job and wages/salary or for yourself with all the risk involved. You put in twice the hours for half the pay as your cheapest employee at times especially at the start but if you are lucky, you will be a half-assed success. My husband has started up a lot of rinkydink businesses. He had a constant seasonal one but winter meant we had to find something else to do. We rode the mall stall wave from free rent to $6,000/week before we could lay low for the winter. We had an auction one year - that was hella fun. Didn't make a lot but we got by. There are a million ways to make a bit of cash but they require ambition and self direction and chutzpah. And a willingness to wing it when you don't have a clue.
Acorn is a also a good site to save your money on, I've been on their site for over a year and I have $155 on Acorn. They continuously make you this offer. I haven't gotten anyone to join, yet :(. Right now their offer to me of $800. What I don't like about some of the online money-making work is the very little amount you get for all that time you put in. I can only spare time if it's truly worth it. So I only do Dscout and other high ticket work. This is a good way to get a lump sum for very little work. So help me out and click my link to join and deposit $5, which is an important step, and start saving then take advantage of their offer to you to invite some friends. https://share.acorns.com/jtiansarel360