How do you make money.

**Greyblades** · 11-30-2012, 04:40

Well... I've been thinking over the last 2 days, there was this chinese buffet that had recently closed near me, maybe I should get a loan; buy it, open a restraunt. It's a really good area: it's part of the bus station across the road from the rail station, 15 minutes from the mainstreet and there's a mini tesco right next to it. high traffic and easy access to food if we run out some nights, I could see it paying itself off in a year or two.
Worth thinking about, I guess, though it will probably require loads of night classes on management.

**Ibrahim** · 11-30-2012, 22:36

Spoiler Alert, click show to read:

well, I do anything really: jobs, commissions, writing blogs, being a youtube partner (yes, I am one), etc. Not that anything ever pays off is this age.

of course, I never get to enjoy what little money I make, since all of it goes to fill the "crater"--my now closed bank account. closed on account of me bailing out my mom, who cannot plan her flights (or anything really) properly, so makes me pay for her final leg of the journey home--with money I was supposed to save to move to a place where I can find some sort of decent work. brilliant. And to cover her rear, she blames me for it all, because I accidentally opened the courtesy payment option on my old account, even though had I not done so, she wouldn't have returned home in the first place. And she seems to be just fine leaving me to rot with no ability to open a new account (the banks are jerks that way). She cites her financial problems, though really, half her problems would be over if she just payed the darn thing off for me.

And of course, having little experience, I can't get a job as a geologist/mud-logger/anything (even though a BSc would have been enough just a year ago), and with no bank account, I can't even receive money for any other line of work, making matters even worse (since my bank account is closed, and no one wants to hire a person with that issue--I suspect).

so my total income is nowadays about 1,500-3,000 dollars a year. Not exactly enough to go by with. or pay for graduate school (which is a must if I'm to be guaranteed work), or even to begin paying off the 30,000 dollars of debt incurred wasting my time in University for a worthless sheet of paper telling people I can do Geology...

unsurprisingly, I feel like I want to wrap my lips round a glock. Not that I do, as some part of me tells me not to give up: even though every logical part of my brain says I'm screwed.

so, basically, don't live in the US, and if you do, don't waste your time on college, kill off anyone close to you before they start sucking the money off of you, and start your own business if you can. Oh, and don't go into debt. ever. And don't vote for any clown from either party.

So now you know why I haven't been posting much lately at the EB forums, or here.

EDIT@ greyblades: my advice for you, since things are working out better for you, is just be careful with what you spend, don't use gas when you can walk (bicycles are fine, but walking is best for short distances), and see if you can find work as an intern or something (what is your major by the way?). I'd throw out your TV, any but the smallest fridges, and make do with no heating/AC (I hope your place has curtains and not blinds?). Internet should be basic, and your phone plan minimal, and with the cheapest company. don't listen to those get rich quick adverts, especially online, and avoid having to use credit cards.

and work hard in school, that way more scholarships come* (in theory), and you won't have to take out as big a loan. Finally, make sure that you gradually phase out having to get paid from your parents--even if you are still in college. It'll come back to haunt you, if my experience is a clue (I did for one year, then the last two years didn't have parental support, but that one year meant my mom is now on my head to pay her off). Also invest in things that won't lose value (better yet, something whose value will go up)--and it had best be physical, and not stocks. with the currency situation in Europe and the Americas, it's a good idea in the long run.

finally, keep looking for more and better work. I'm sure you'll find something (hey, everyone I know ends up doing well: I'm the only one left. maybe I'm a good luck charm-thingy to people around me?)

*to make that possible while having good work, set yourself at a slow pace: in the US, it's by credit-hour, so over here, I'd recommend 12-15 hours maximum (lowermost full-time: you're more likely to get scholarships). I don't know how it works in the UK, but do the equivalent.

**spankythehippo** · 12-02-2012, 06:35

Originally Posted by Greyblades

Well... I've been thinking over the last 2 days, there was this chinese buffet that had recently closed near me, maybe I should get a loan; buy it, open a restraunt. It's a really good area: it's part of the bus station across the road from the rail station, 15 minutes from the mainstreet and there's a mini tesco right next to it. high traffic and easy access to food if we run out some nights, I could see it paying itself off in a year or two.
Worth thinking about, I guess, though it will probably require loads of night classes on management.

I wouldn't recommend opening a restaurant. Opening a restaurant is a hit or miss. And a miss has quite large complications.

I will give you advice no one has given here before.

Buy really good Yu-Gi-Oh cards to make a deck, and play in tournaments. I've earned about 6000 AUD from selling cards to Yu-Gi-Oh crackheads.

**The Stranger** · 12-03-2012, 02:26

bet on sports. easy money.

and ye restaurant not a smart idea, will take awhile before it will become profitable and if its ur only establishment it is very hard work. generally the food business is not a very smart choice if u want to make a quick but big buck.

poker online is also a good idea if u are good at maths.

**a completely inoffensive name** · 12-03-2012, 06:02

Go on a reality tv show.

Spoiler Alert, click show to read:

**The Stranger** · 12-03-2012, 20:16

Originally Posted by a completely inoffensive name

Go on a reality tv show.

Spoiler Alert, click show to read:

lol XD

**TinCow** · 12-03-2012, 19:34

Originally Posted by Greyblades

Well... I've been thinking over the last 2 days, there was this chinese buffet that had recently closed near me, maybe I should get a loan; buy it, open a restraunt. It's a really good area: it's part of the bus station across the road from the rail station, 15 minutes from the mainstreet and there's a mini tesco right next to it. high traffic and easy access to food if we run out some nights, I could see it paying itself off in a year or two.
Worth thinking about, I guess, though it will probably require loads of night classes on management.

Restaurants are one of the worst businesses to invest in. 90% fail within their first year.

In any case, you probably couldn't even get a loan to begin with. In order to get a loan, you need to have collateral or an income to offset it, preferably both. Banks aren't going to just give you money because you've got an idea.

**Beskar** · 12-03-2012, 20:15

Plus the fact the buffet recently closed shows you how successful the area actually is and they probably invested far more time and money than you probably would be able to do so yourself, perhaps even with far greater experience.

You could always do the 'tasks' from the Apprentice. They usually get assigned like £200 and they compete to earn as much as they can from it or run your own start-up business. Many universities do have schemes where they could help you set up a business and one at my old university which was successful was home-made soup which was sold during the University rush times.