The 7 Very Difficult Side Hustles to AVOID (choose wisely)
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- čas přidán 1. 06. 2024
- Today I cover the top 7 side hustles you should avoid if you want any chance at becoming rich & earning passive income.
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Mark, I want to thank you so much for being probably the only real youtube creator out there and to provide extremely real and valuable suggestions to us. Keep going, you are absolutely amazing and your style is great
@@shutthecookup Hi, thanks 🙏 I am grateful that so many people enjoy the videos I make with my son. MT 😎
Mark, if you want, I can turn all your larger videos into shorts by choosing the best parts of your videos for you and editing it for you to put up in your shorts for this channel 😀
What do you think about Robert Kiyosaki, because he says real estate made him rich and you say it's only for people with money, to get more
@@Trollguette It’s a great way to build long term wealth, but not something you can really do without significant capital/risk and therefore not good side hustle. Thanks MT 😎
The pattern I see with most side hustles is a low barrier to entry which means TONS of competition.
Yep the more skill and higher barriers to entry the higher chance of success
Depends entirely on what you choose to do.
I moonlighted from my job as a utility repairman by operating my own gas appliance repair business. There was competition, but you had to have the skills to do the job to fix furnaces, gas fireplaces and such.
Good point. Also, having those prerequisite skills added to the barrier to entry in your situation. @@SeattlePioneer
@@SeattlePioneer Running a gas appliance repair business is extremely far from a low barrier to entry side hustle. The one's talked about as being low-barrier to entry would be: online dropshipping, copywriting, making youtube videos. Those kinds of things rarely ever make people money because there is so much competition, anyone can make a shopify account and sell chinese crap on some premade website.
And an hard entrance means a normal competetion or no at all :)
The best side hustle is the one no body is talking about.
You got it.
@@davidhickenbottom6574delivering for Crackheads
Meth
Which is???
A cat walker. Walk your cat 5 days a week
I've been full time on Ebay since the beginning of 2020, after starting it as a side hustle in 2017. It's definitely not "get rich quick". Heck, it's not even "get rich" for most of us, but I do enjoy it and I do make a comfortable lower middle class income with it. It is scary knowing that my account could be banned at any time for any number of unknown reasons, but it works for me given the position I am in life right now. I've been self-employed for so long that I don't really have any "work experience" and nobody cares about my business degree from 1999. I'm "over qualified" for the low paying jobs and "not a proven commodity" for the high paying ones. I guess I'm where I'm supposed to be!
There's no way you make money with 28 subscribers
@@aliveonmoonrocks When did I say I made money with CZcams? I sell on Ebay full time. It's been well over a year since I even uploaded anything to CZcams. The channel is just for fun random things. I'm shocked I have 28 subscribers. LOL.
I do have 304 followers on Ebay, for whatever that is worth. Approaching 9,000 sales.
@cphine Why even waste your energy responding to nay sayers? You know what you're capable of. That dude just wanted attention.
Stay blessed.
@@DavidRodriguez-tx1fo Thanks. Force of habit I guess. By default I just respond to everything. I hate the feeling of leaving things undone, even if it adds no value.
Sadly Ebay used to be a great platform in the early days, but they have gotten greedy, their commission rates are absurb and getting worse, they want to control every aspect or your business for their maximum profit. And if they don't like you for some even minor reason they will ban you. And their customer service has become so bad! Their web page formating stinks, hard to use etc.
A man that realy cares for his followers and wants to help us all thank for everything Mark
Hi, I have always believed that you should help to raise everyone up not push them down. Good luck on your financial journey. MT 😎
For MLM, my sister has been in 3 of them including Avon, yet has never made a significant amount of money. She would have been better off getting a part time job at a restaurant or store. She is possibly the most outgoing person on the planet but didn't the money she wanted. I've heard MLM means, "Mothers Lose Money" :-) My wife is with Atomy who are pretty upfront and honest about what to expect plus don't have any upfront membership fees, but still we haven't made anything from it.
Hi, I think it’s the appeal of telling people you have your own business, but you’re right about working a part time job instead would be guaranteed money. Maybe you can help them, that’s what the channels all about. Help raise everyone. Thanks MT 😎
Been earning a small pay check for years from my Amway business built years ago. Not a big check but it’s there every month.
Nice job on the video. Clear, concise, SHORT, and spot on. The thing that kills me are the "passive income" bunch. I think my favorite story was a coworker told me about her daughter wanting to "borrow" $10.000 to open a franchise. Mom asks her: "how are you going to find the TIME to work there?" The girl replied," Ohhh, I wouldn't work, i'd hire others to do the work, and just collect the profit" !! Yikes.
I still have a side hustle that still exists after around 38 years. Not only did it pay for all my tools and equipment in the early days, but having paid off gear 20 years later saves on all kinds of costs (notice I didn't make the mistake of saying, "PURE profit"), and even my employers I worked for full time used my products and services.. and the regular job kept us sheltered, fed, comfortable, and avoiding debt all the way. Thanks for the video!
Yes I'm a big-time victim of all those side hustles and have lost my house and is now facing eviction
Thanks Mark for being real ! for exposing the people who are bullshitting and wasting the time of young people who want to become something with their hustle porn and course funnels
For a service based side hustle in retirement I considered contract draughting in mechanical engineering, my prior career. Until I saw the incredibly low rates accepted from engineers in the developing world. they seemed like constant loss leaders just to get work. The choice of cad software was key as was the confidentiallty and ownership of client designs and drawings were a portfolio on line could break an agreement. All potentially litigious if your not careful. Informative video.
I love this content informative and engaging.
Like the awareness on pitfalls of side hustle, the fact you gave a positive solution of what you can do was excellent.
keeping it real.
👏👏
thank you for saying real estate is not a good side hustle. I meet so many wanna be real estate tycoons. I was turned off from it when a client of mine said that they had to do a $20k repair after a nightmare tenant which basically meant they lost all the money they made in rent on it that year.
You deserve 4 Million! Thank you for sharing your wisdom in this world of toxic positivity at any cost!
Congratulations on getting 2M followers! 🎉 Your content is very high quality. It's really hard to find something like this on youtube!
Thank you. We always need a voice of reason on the internet. It's good to know who or what you can trust on the internet, and who or what not to trust.
Pro tip: turn your hobby into a side hustle. Might not be a huge market, but since you’d be doing it anyway, someone might want to buy it. Anything else is just having a second job.
bro my hobby is watching movies and series
@@mairamareco8656do reviews of movies / tv shows
I tutored math as a side hustle. After industry-wide layoffs in oil and gas it became my only hustle. Glad I did it.
I'm currently in a rough situation and now able to push any funding into a potential side hustle (loaning beacause of study related issues where i can't have a job besides my study) but next year i will be done with school and will finally be able to start making money. I've been watching your videos to prepare myself and hopefully succesfully generate an income where i can be proud of. But until that time comes. I Will keep watching your videos, they're incredibly helpful. Thank you.
Good luck! Be looking for opportunities always! Even now. Success occurs when opportunity meets preparedness and and hard work. Unless you inherit wealth, there is no easy way to accumulate it without a lot of hard work - the government sees to that. As a now socialist/totalitarion entity of their own, the government has to work hard to kill the American dream. The reason? A successful , well off financially populous is very difficult to control!!
Thank you Mark. I love you for your work and to be so honest with delivering value to us
eBay, gutter cleaning, snow shoveling, and most recently I’ve put my indoor cactus garden to good use I harvested about 6oz of flowers
Yeah yeah "indoor cactus" 😏🍁
Real estate has treated me well, but it's far from hassle free. Not to mention it's not immediatly liquid, turning your real estate into cash can take a long time
I learned a lot from this video. Thanks for insightful advice!
this young generation is so thankful to have you here sir!
This is one of the channels that gave me the courage to start my CZcams channel 8 months ago about self development. Now I have 1,038 subs and > 800 hours of watch time. I know it’s not comparable with others but I’m still proud I started because I’ve been learning so many lessons that I could haven’t learned without getting started in the 1st place.
Keep it up and you’ll keep growing
@@snuwuky1693 Whoever you are, I don't know you personally but I can say that you're one of the non-judgmental and open-minded people who is not fixated on tangible or external factors in order to learn from someone like me. Just because someone doesn't have a piece of paper as a credential, doesn't mean that person is not entitled to share personal experiences with the hope & intention to inspire others. Keep up with whatever it is that you're doing to improve mankind or improving your life even to a slight degree each day. This is just one part of a bigger puzzle for creating my CZcams channel about holistic health. I literally could have died back when I was 14 years old due to major depression but here I am right now replying to you, a CZcamsr, who's full of fulfillment and dedication to help others to be a better version of themselves. I ain't better than anyone else but my old self. That's all that really makes this CZcams thing more meaningful and enjoyable. Thanks so much for your support! I am hoping that you can join me with this endless personal development journey! :)
@@snuwuky1693no they likely won’t sadly
If it makes them, happy do it. But the vast majority of people who starts CZcams, podcasts, onlyfans, TikTok etc are not gonna make money. That’s how the economy works.
All the best to the Op.
Everyone starts at “one” sub. Stay consistent and make the kind of videos you want so that you remain passionate about the content and you will grow.
@@benkonczal4584 Thank you!
Implementing the lessons I learned throughout the years of lots of trials and errors changed my life trajectory and learning that there’s a yin and yang in everything. I wouldn’t have appreciated the power of kindness if someone was not cruel to me. I wouldn’t have realized the importance of growth if I didn’t see myself stagnating. I wouldn’t have appreciated the importance of health if I didn’t get sick. I wouldn’t have realized the importance of real love if I haven’t witnessed my parents’ relationship slowly fall apart. I wouldn’t have appreciated the importance of mindful money consumption if I wasn’t broke. I wouldn’t have appreciated the growth of my CZcams channel if I didn’t start at 0.
Just found your channel, your honesty made me a subscriber.
Thanks for being realistic Mark. Everyone presents their own way of making money and how easy it is, how it just works, and on and on, but you're keeping it down to Earth, by pointing out the reality of things. You also make videos about how to make money, but contrary to others' yours make sense.
I am so happy you enjoy my videos, I like to keep everything real and backed by my experience, that’s why I love to try new side hustles out myself rather than just talk about them. Good luck my friend. MT 😎
@@marktilbury I agree. Great video. Odd accent.
As another rental real estate investor, everything he says here is 100% right. People have been handed so many stupid ideas from MLM gurus about how to do real estate that everyone who I've ever talked to that wanted advice about how to do it ended up not doing it after I told them how much money you needed to sink into it and how long it took to really start seeing the payoffs.
Love the dramatic flair in this one, keep it up
Thank you for this, great vid. I’m a visual artist and photographer. I think I’m ready to focus my time full time rather than freelancing for so many years.
Before even clicking on the video, I knew MLM would be #1. It is the biggest scam on the workers ever created. I know many people who’ve done Mary Kay, Pampered Chef, Amway, etc. None have made any worthwhile profit. Even those who put a huge amount of time and energy into it can’t make more than a couple hundred dollars a month. Yet people are still falling into these traps. DON’T DO IT! All your friends will end up hating you and you’ll work hard for nothing.
Hi Mark, thank you for being one of the best CZcamsrs. Not only for your videos, but the content being purely shared and seeded in trying to help us common folks achieve success. Thank you again all the way from beautiful NICARAGUA 🇳🇮
Hi, Wow, thank you! I’ve never been to Nicaragua 🇳🇮 but I’m sure it’s a beautiful country full of opportunities. Good luck my friend. MT 😎
@@marktilbury thank you for your kind response, it made my day. Make sure to come visit when you get the time. Thank you for putting amazing content, I am following and a lot of what you teach. 😁
I have a strong mindset that no success is easy or guaranteed, I am 100% aware I will fail more than once but if I push threw and learn from my failures i will find something that will work.
The best side hustle is to not need one. Get a good job that pays you enough to live, or start a legitimate business that you devote yourself to full time so that you can earn a good income from it alone. Having a job and a side hustle means basically working two jobs. Why bother, your lifetime in limited, you need some time to enjoy it.
Real estate worked for me due to low scale implementation. In 2012, I bought the largest house I could swing when the market was most favorable. I then rented out the extra rooms. I still work full time, but I have that extra income to make bills w/o stress. I am hoping that the market will again become favorable so I can parlay the equity into a second home with multiple rooms. If done right, I should be able to retire well before I get too old to enjoy it. I won't be rich, but I won't be hurting.
Hi, fantastic move my friend, you may be richer than you think. Good luck. MT 😎
I've been an eBay seller since 2013. I had a small engine repair shop and used ebay as a way of selling used engines and parts. It worked, from 2016 to 2019 I was rolling in $60k profits from eBay. Profit margins per hour were higher than the repair business itself that I used eBay to supplement. This is where I made the mistake, I went all in on selling parts online. I knew eBay could rip the rug out from under me anytime and I decided to try building my own website. The design and publishing was easy, and having a whole online parts store on you own website sounds nice but it's alot of work and the SEO is a neverending task. In the end it was not worth saving the 10% in eBay seller fees. I still put small numbers of hours a week into eBay and it's worth my time, keeping it as a backup in case I lose my regular job.
Amazing Video Mark!
“Multi-level Marketing” is just a fancy way of saying Pyramid Scheme
“It’s not a pyramid! It’s an inverse funnel system!” 😂
I absolutely love Mark. He's so genuine and funny
I know him and this is what he is like in real life as well, it's the real Tilbo you're getting. Not fake like many of these channels.
Great video, loved it!
Excellent advice
Top quality video , as always. ❤❤
My first lucrative side hustle was washing dishes on weekends at a restaurant.
Side hustle?
That's just a job, LOL
@@DERHOF2007a side hustle is also a job the main difference is you're the boss
Finally some honest ! Keep going with the quality content
5:08 I agree that daytrading is VERY hard and not easy like the gurus make it out to be, you have to be very disciplined with your risk management and trading setups. But holding a share over months isnt daytrading its more shortterm investing, you are not supposed to loose more on a trade than the risk you set by your risk management.
Not rich by any means but i like to think ive succeeded in being a decent entrepreneur so far. Slowly building my way up! Your tip about the ebay ; i actually implemented that strategy into my businesses as well, get retail customers as well as my contracting side. Great inspiring video.
Hi, to me you’re rich when you action the right steps to becoming rich, as money will flow to you. Good luck my friend. MT 😎
Thank you for this video.
Great business tips here Mark!
I went over to India this year to obviosuly look at the products but mainly to look at factories, the conditions for workers, how they were when I was there etc. And it was the BEST thing I've ever done.
Love the videos 🙌
Hi, thanks 🙏, for me it’s so important that workers are looked after. Thanks for watching. MT 😎
@marktilbury money should never overshadow a workers life! Stay true and you can never go wrong 💪 All the best Mark. Levi
I long ago learned that third world countries will give you dirt cheap product mfg, but the quality and reliability usually suck on the finished product. It is very slowly getting a little better but never throw caution to the wind!! If you are going to use one of these country's factories on a regular basic you need to have "boots on the ground" engineer there for quality control, or they will cut corners really badly every way they can to save or make a quick buck, Many of their mfg facilities aren;t safe, deplorable working conditions, and many treat their employees badly. Americans don't know how easy we really have it. But low cost mfg is king and high profits are king and that is why they have all the world's business now, and America has very little mfg ability anymore.
@SeattlePioneer from my experience... buying in samples from factories that you never been to, never looked the owners in the eyes, never looked at the working conditions of workers there is a bigger risk and a bigger expense... long story short, I had potential with 5 manufacturers, and to send me 3 samples from each factory would have cost me over $7k...
I went to India, met 9 manufacturers, got more insight than buying samples could ever give me and its the best thing I've ever done, met a supplier who felt like a met before, got the trust, the workmanship it's great!! This cost me just under $4k. So it wasn't an expense at all, it's an investment
If you buy samples they are mint, but buy in bulk they are crap reason I don't work with my old manufacturer anymore.
Love your comments about Amazon! I'm a writer, I don't want my books to get lost in the Amazon jungle. I'll load the first to Amazon with a link to my website. Thank you!
(Btw, I've probably tried all of these side hustles.)
What a good random video. I am now subscribed!
Welcome aboard! MT 😎
Love the picture with tamiyas, i love building them.
Informative. Thanks
Thank you sir
You saved our money and time
Very good tips. One thing I would say about CZcams though, is that if you have the skils, at least it's free to do and it can be a good way to promote yourself to potential customers or employers.
Great video!
Thank you!
Hello mark. Will you please do a video on how to go about real estate as an investment? My parents never did well with their rental properties. Thank you, robert
I would rather invest high quality stocks and collect dividends. Passive income means passive and not active. Active income is just another form of job. Warren Buffett said go long term and do slow, steady, smooth yourself into profits.😂
Issue with passive income is, it requires a lot of upfront money for not a lot of income. E.g. if you invest $100,000 into the stock market at a 7% annual return, you will make only $7,000 per year.
Making real money requires work.
Passive income means it has to be active at the early stages. Only when it gains steady growth that you can call it "passive".
@@zephfyre5167 Of course passive income takes time to gain momentum. The problem is that most people have no patience, discipline, or focus to delay gratification for end profits. They want everything now and end up in debt for decades. Their lack of financial knowledge means these wage slaves/consumer zombies lose their money and some of that will come to me as dividends because I am not mindlessly consuming.
Very insightful
This video I appreciated.
As a kid, 'lowskilled side hustle' was great money! In the 90s, that's where I got my spending money before I was old enough to take a summer job. I was mowing lawns, raking leaves, or shoveling snow depending on the season. It actually demolished the hourly rate of any low skilled job around. It was easy to spot possible customers... you know you just look for the lawns with tall grass, leaves, or a driveway covered in snow. I hated knocking on doors, but the success rate as a kid was great. I'd say it came out to about $20/hour which was phenomenal in the 90s, often with drinks and snacks offered as a bonus, and sometimes unexpected tips. Of course, once you've exhausted the customer base, you couldn't do more, and there were other kids working that hustle to. I'm not sure how that'd do today, but I'd definitely pay well to get leaves raked. Raking leaves isn't so easy when you're higher from the ground, and finding someone to do it is actually rather difficult. I haven't had any kids knocking on my door looking to do work in all these years. I don't know if it's just the area or kids or kids just don't do yard work in this era. As a teenager, I felt more awkward knocking on doors, so I quit doing that, plus I had summer job money. I did pick up another side hustle doing tech support, which I really just got pulled into after helping one neighbor. Word of mouth got me a couple dozen requests over a couple years to setup routers, install PC components, or get something working that wasn't. I never even set a price for that, but people were so happy to get help they paid very well. Maybe I should have leaned into that more!
The marketing job pyramid scheme thing is absolutely horrible and predatory. I'm glad I know to stay away from that. From age 16 up I was getting stuff in the mail offering 'jobs' like that. They were disguised as legitimate jobs and used very tricky language to try and hide the intent. One I remember most was from some company called Vector Marketing, but the logo would leave out the 'Marketing' part and the flyer made it sound like a vaguely tech oriented job. My mom though it was a legitimate internship offer in the tech industry. I knew from the language it had to be a trick, as it didn't actually mention what any of the jobs were. A little bit of internet searching revealed it was selling cutlery. I think they were somehow scraping some of the school vocational data which was often getting sent to third parties for various reasons and likely got resold to scum like Vector. They were aggressively trying to recruit anyone of working age too young to know better.
Love your videos Mark, I have began investing in stocks and my youtube channel is doing quite well too. Hope to keep working hard to see more growth in anything I do and learn more from you
I've had excellent results with stock investments since I began investing in the 1970s, when the Dow Jones Average was bouncing around between 700-1000. Now it's at 35,000.
Mostly I've been a buy 'n hold invester, often using DRIPS as investment vehicles.
That still works very well for me over the decades.
The big exception was Washington Mutual ---you can look up what happened to that bank in 2008 if you wish!
I find it hiliarious/sad that people have no patience for delivery. My post office accepts packages, but it takes them a couple of days to have them ready for pick up and it might be another couple of days before I go pick them up. Virtually nothing I buy is THAT urgent. LOL
Thank you for this
Hi Mark;
Your video is perfect for someone who wants to start a side job. It’s the no BS hard facts that is missing from most videos of this subject. I’ve done most of what you described and now at 85 I think I have it figured it out …. .kinda late for that I suppose.
The point about starting an Amazon centered business is particularly important. Don’t forget, Amazon has the most important part of your business, the customer list. If you build a highly profitable business Amazon business they can, and probably have in the past, compete with you.
Best channel on yt and it’s not even close
Thanks for letting me know that what to avoid for the future of me
You can start in Real Estate with wholesaling, lease options, subject 2, or owner fiancanicing. Great way to start.
two lessons; one clear, one unstated. side-hustles are either scams or an insane amount of hustle is the clear one. the unstated is that a successful hustle has to be a passion-project so that the amount of effort and patience required will be natural. the greatest successes are people either obsessive-compulsive about their income often to denigration of social life, or people chasing the dream they cannot put down...
Great points re service based business
Feels good to be Early here!
Most people I know, about four, it varies, who rely on rental income do their own maintenance. I can barely manage a hammer so it’s not for me, but I’ve seen it done.
My son, the fireman, drove an ambulance as an EMT and had a lawn maintenance business. He did really well but he wasn’t home much.
It’s funny because I’m a real estate investor and I do CZcams. I will say that neither made me much money until I was a few years in. Now I make $500-600 a month on CZcams and I’ve made millions in real estate.
Hi Mark, a bit random, but have you thought about getting back into Tamiya, as a hobby? I've found revisiting my RC roots very rewarding. Cheers
Most people who tell people how to get rich only got rich themselves by selling books and talks about how to get rich with very superficial content. Personally just had a job, lived beneath my means and invested in stocks. I don't want to touch real estate with a ten foot pole, especially now that everything is massively overpriced.
Everything is overpriced thats why you can overprice ur rent if ur brave enough to buy it
congrats on the 2M subs
Hi, thanks, it’s really unbelievable, I thank everyone of you out there and hope I can continue to help you on your financial journeys. MT 😎
Real Estate - Reits and a variety of real estate fractional or shared investment also exist as alternative to traditional buy/rent/resell. Not quite as useful from a control-big-value perspective but something to consider versus not doing anything in real estate at all.
I would never invest in a REIT. You have no control over what happens or decisions being made. Buy a multi family then save for the next one. That’s how I built up my property ownership. Single family homes are very risky vs a duplex or triplex. I always have income coming in from at least one unit.
What are the best scalable services besides video editing, as listed in number 4?
Very good presentation.
Mark, Tax crucifies anyone trying to make it these days. Work all day and night to give nearly half of it to the Government. If anyone wants to become rich you need to avoid (legally) paying tax.
The problem with day trading is that you want to treat it as investment. It’s not, there are different rules and skills to trade than to invest. Yup, there’s a lot of bullcrap like signals and algos, but if you learn to understand price, intent and market psychology, and your OWN psychology and emotions, you up your odds. It def is hard but not complicated.
Greetings Mark, I'd like to ask the best platforms where I can invest in index funds as a beginner in Ireland..
Excellent video! A side hustle is often just a nice name for another job
Great video
Another side hustle would be lawncare every spring I see new faces, but soon as it gets hot they disappear and it’s just the same guys year after year.
Lmao imagine doing that pleb work when a drug dealer would pay you ten times more for just doing deliveries
hey mark, iv gotr a question
What side hustles would you recommend to start for somone that is trying to start an online buisness but with little expierence
Good Lord, Mark. A couple of those take me back quite a few years. I was frightened so I didn't do them. As the years unfolded, every day trader I knew had gone broke and moved on. All but one friend with rentals had sold out and moved on. For a person like me, those were terrible ideas. I would have failed. Sometimes, fear is your friend.
The best item here is the last. I've been watching your channel for ages. You have been quite open about your collaborations with your son. I think that brings a lot of energy to your process that might go undetected. That and having something to say make all the difference.
My little suggestion to anyone who wants to give CZcams a go: Try posting consistent YT content about anything you actually love. By consistent, I mean at least twice a week, every week, for a year. Or twice a month if the videos are long and complicated.
Thanks for your video. I have purchased a condo that has become 50% of my income by renting it out to guests.
Hey Mark what do you think about the recent boom of clothing brands?
Agree on mlm
Another banger
Although starting a business with a MLM is more about growing your own sales team, all the motivation and training provided by these companies leave you more than ready with the right mindset to start your own business, it's more like starting with someone else's products and brand and then you can jump onto something that you believe will provide value to others. I think it's a good started point, many find it too much of a hustle but there are tons of people making money that way while others are just booing around.
As an Ex-trader I do agree with you 'kinda" on it... you can absolutely make a huge amount of money in a very short time while trading, and it isn't all about luck as with gambling, however, I've known traders that lost everything, addicts, suicides etc... When I did it, I lived and breathed it, trading and investments was on the forefront of my whole life. I had 24 hour newsfeeds running all around my house (including the bathroom), I worked sometimes up to 22 hours a day, and yes, I did make a lot at some point, I also lost a lot... the stress is enourmous and I wouldn't recommend it to anyone, I loved it though
how did you start? and why did you stop?
@@nuclear804 Read about technical indicators on investopedia and then back test with data going back to hopefully earlier than 2009. It is pretty difficult to make anything, though, back test and make it completely rigorous. You can see with even simple indicators that there is something there but you need to combine volume shifts and price action to get something that actually works. Don't plan to beat the market by too much unless you are leveraging. The efficiency of the market approaches 100% and is constantly improving, so indicators don't work forever.
The one real estate thing that I feel like is a good investment is commercial. I have been considering to buy a newer school campus that went under. With around 15k sqft of classrooms and such, also being less than a 1/4 mile from a community college, I could provide more study space and experiment spaces. I could make it an incubator. I could start my Custom PC and IT service company. I would have to come up with a ton of promissory contracts and then find an investor for about $2mil. Not likely but a cool idea
Very likely with a good plan and model. Investors invest, that's what they do. Position yourself attractively and try.
My sister was caught up in #4. She did property record transcription for companies that marketed the data. I even got involved for a while. What went sour? Computers. As more and more courthouses went to computers and enabled online access, the fee paid per record dropped because it wasn’t required to go in person to manually go through the books. I told my sister to get out when I was forced to get a regular 9 to 5 job. In time, the company that employed her fired her and everyone else for a bogus claim of getting incorrect records. In truth, they simply hired new people who would do the job for less money. Anything that can be done via computer online can be done any anyone who can underprice you.
Mark, I thank You for all the valuable videos! I began investing at the age of 35, primarily utilizing my hard work, dedication and with the assistance of my financial advisor, Christy Val D'souza. Now at the age of 48, I am delighted to say that my retirement income has grown enough to take me through my later days in life. So don't hesitate to take action when you can. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
Scam
I’ll admit. Mlm’s are crazy hard. But I did personally strike some luck with working one. I worked so much selling the product then started traveling and before I knew it I was in the brochures for the company. Went across the U.S doing it. Ultimately was a great learning experience. And a stroke of luck.
MLMs are extremely unethical.
Hey Mark . About Day Trading. Even if I am learning it by good mentor ? Because I am learning this skill ....It is long marathon to learn this hard skill... I think proper preparation and dedication will bring success .... Agree with you there are lot of fake gurus. And signals , and copytrading simple do not work and lot of people lost money on that... Why ? critical thinking will answer it.....
lol, eBay banned me for life as soon as hit submit to become a seller. No explanation. Maybe they did me a favor; I wouldn’t want to spend time to build something that could so easily be shut down for no reason.
But in DROPSHIPPING what if you test the product quality beforehand and have your own inventory which you send to a warehouse ( I know then it not really dropshipping but you can do this to scale once people start buying a lot)
Hi, 100% correct, if you stock the product user you’re own label then you are building a business. Fantastic I wish you all the best. MT 😎
Doing CZcams is not at all bad. It is one of the best platform. Yes it it will take time but it's worth the time. It depends on the niche, cpm etc.
100% agree, please watch the full video :) MT