How do you guys make your money?

[Niteburn]

I spend money to make money.

 

[Hitoo]

In the supply and demand business :wink: :wink: if you catch my drift.

 

[Stormbits]

I do plugin development. Get a fair bit of commissions but not as many as I would hope to.

( For any large server owner reading this, hit me up )

 

[kayn]

That’s awesome. Do you own your own Esports team or do you play for a team?



You should try find something you’re good at and excel at it

I run management within the team.

 

[Satima]

I spend money to make money.

Yeah, that’s really smart. But if you’re spending above 500$ on something it could be risky. Are there any businesses you have put money in if I could know?

In the supply and demand business :wink: :wink: if you catch my drift.

Yeah that’s really good. Wait for something to become popular and sell it. What have you previously sold?

I do plugin development. Get a fair bit of commissions but not as many as I would hope to.

( For any large server owner reading this, hit me up )

Oh wow. Are you fully experience at plug-in development or are you still learning daily ?

 

[hgbf]

Flipping domains is my big thing. It is a bit of a risk, but if you work smart you can bring in quite a lot. I also do some other stuff. Most of what I do is outside mcm (but still online).

 

[zwoosks]

Forex trades

 

[Stormbits]

Yeah, that’s really smart. But if you’re spending above 500$ on something it could be risky. Are there any businesses you have put money in if I could know?

Yeah that’s really good. Wait for something to become popular and sell it. What have you previously sold?



Oh wow. Are you fully experience at plug-in development or are you still learning daily ?

I believe you never truly stop learning. I learn new things each and every day.

Just recently I've learned about some of the newer features of java in java 10 for example.

 

[Satima]

This is such a wholesome thread.

I know right.

Flipping domains is my big thing. It is a bit of a risk, but if you work smart you can bring in quite a lot. I also do some other stuff. Most of what I do is outside mcm (but still online).

Could you possibly elaborate on what you mean with flipping domains ?

Forex trades

Woah that’s amazing. I was planning on learning about it this summer.

I believe you never truly stop learning. I learn new things each and every day.

Just recently I've learned about some of the newer features of java in java 10 for example.

Yeah that’s very true. I’m planning on doing software engineering for university in 3 years. Do you reckon that’s enough to be almost near to fluent

 

[Samuel V]

I stick to the simple rule as said by Graham Stephan:
Only spend money if:

• It's a necessity to keep you alive
• By spending the money, it will make you more money in the long term.

For example, buying $4 Starbucks/day could easily be invested elsewhere if you stick to $0.20 home made iced coffee.

 

[Samuel V]

Although that’s generally good, I feel as if that’s a bit of a stretch. You should 100% treat yourself as well and reward yourself for the hard work you’ve done, and also don’t feel the need to not spend money if you’re missing out on life experiences.

Oh of course you can treat yourself but when your starting out you need to save every penny possible before spending.

 

[Random_]

Anyone else on this thread looking for ideas on how to make some more money? Or is it just me

 

[hgbf]

I stick to the simple rule as said by Graham Stephan:
Only spend money if:

• It's a necessity to keep you alive
• By spending the money, it will make you more money in the long term.

For example, buying $4 Starbucks/day could easily be invested elsewhere if you stick to $0.20 home made iced coffee.

Graham Stephen is a great guy to follow, and I agree with a lot of what he says, but he is a bit extreme in his lifestyle. Sure, don't spend $300 on a pair of shoes you will use once, but know that you can spend a bit of what you make on yourself and still save/invest a great part of your income (as long as it covers more than just the basics).

 

[Dehy]

i just roam around the interwebs seeing for any lost potential and if i see some i try to make money off of it

 

[hgbf]

Could you possibly elaborate on what you mean with flipping domains ?

Buying domains and selling them for a profit. The difficult part is finding domains for sale below their market value (although there are ways to do so if you know what you are doing). It pays quote decent, if you find good names.

(Just buying a "cool" name is not enough to make a profit - you need a name that people would actually want to buy. This is a common rookie mistake, and I am guilty of it as well.)