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Mastering the Money You Have

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testmktllc

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<div class="bbWrapper">$1, $1000, $10,000, $100,000 or $1,000,000 it just won’t matter how much you have if you are not the master of it.<br /> <br /> If you are totally lost with your finances and are looking for a way to dig out, I would like to tell you what I am doing. <br /> <br /> It doesn’t matter if you are in debt beyond your means and only have $1 to start with. <br /> <br /> It just requires creativity and willingness to step outside your box and exercise some discipline.<br /> <br /> Buy/Sell<br /> That’s right. You are going to buy something and re-sell it for more than you paid for it. <br /> <br /> It does matter what it is however. What I did when I first started out was track items of personal property in the classifieds. I called the owners of the items that had been up for sale for more than a week and asked if the item was still available or sold, and what price did it sell for.<br /> <br /> In this way you will get a feel for the market without having to expend any capital. Once you have tracked some items and know the price range, quality and how quickly they sell for, <br /> you go ahead and make your buy offers based upon what you know you can sell the items for. As a rule of thumb I look for a minimum of a 25% to 50%+ mark up.<br /> <br /> You will need a cell phone, a way to get around and an internet connection is helpful.<br /> <br /> It really is as easy as searching the classifieds (1hr), buying your item(1hr), making a Craigslist ad (15min), negotiating with potential buyers and making a cash sale (2 hours). <br /> <br /> Once you start selling items that are over $2000 your hourly income gets what I call decent ($100/hr+). You capital is your earning limit. Use discipline and grow your capital.<br /> <br /> There are a million different techniques and details that we could get into if there is any interest in this thread.<br /> <br /> There are many who have used this technique, it could be a baseball card or multi-million dollar house, it’s the same game. <br /> <br /> Ok, it’s hard to make a system out of it, so there is really no way to turn passive income. <br /> <br /> But you can start with nothing and with some work to get yourself into larger money deals. (There really is no upper limit…)</div>
 
<div class="bbWrapper">Fair enough...</div>
 
<div class="bbWrapper">Sounds slowlane.<br /> <br /> /shrug</div>
 
<div class="bbWrapper">I agree with JScott and feel that testmktllc even deserves some speed+ for his post.<br /> Although it isn&#039;t fastlane he describes a way to make a first step and to create some capital (which could then be used for fastlane initiatives).</div>
 
<div class="bbWrapper">Jscott,<br /> <br /> Thanks for the support. <br /> <br /> I&#039;m not here to sell anything but ideas. Some want them, some don&#039;t.<br /> <br /> The way I make money is by selling things (goods and services). <br /> <br /> I jJust thought I would start a thread to explore different ways to do that. Find some people who play the game for different angles.<br /> <br /> I don&#039;t see how spam comes into what I wrote..............</div>
 
<div class="bbWrapper">I can&#039;t see the SPAM part in this guys post. Maybe I am blind or seriously ill<img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" />.<br /> <br /> What this guy shows us is what a trader do all day long. He just do it with real estate and other high ticket items. That&#039;s all. Nothing wrong at all.<br /> <br /> He trades high ticket items, others on this forum collect real estate to extract cashflow from, others like me start companies etc. There is different ways if killing a goat.</div>
 
<div class="bbWrapper">Very good points are raised here.<br /> Most, if not all of them, have been discussed here in the past.<br /> <br /> I want to mention that the concept is vital. Everybody needs to find something that lets him/her create value and increase capital. This money will fund your fastlane endeavors down the road.<br /> <br /> A few of us from the forum are working on how to raise money. How to convert $300 into $50,000. Then, how to take $50,000 into $1,000,000. I can&#039;t give more details for now as the details are still being worked out, but this is something that we recognize is key, especially if you are starting with $0.<br /> <br /> The other one I think is important is that there are many <i>techniques and details</i>, as mentioned in the OP.<br /> <br /> So, yes, there is interest. <br /> <br /> Please let us know about few of the different techniques and details that you mentioned (especially those that have been successful for you).<br /> <br /> And welcome to the fastlane forum.</div>
 
<div class="bbWrapper"><blockquote data-attributes="" data-quote="andviv" data-source="post: 41831" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=41831" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-41831">andviv said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Please let us know about few of the different techniques and details that you mentioned (especially those that have been successful for you). </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I doubt we will hear them unless we are referred to a link to my &quot;Ebook&quot; or &quot;Website&quot; which explains it all for only $99.95 but if you act now, $49! <br /> <br /> <b>I would love .... absolutely love, to be wrong.</b></div>
 
<div class="bbWrapper"><blockquote data-attributes="" data-quote="PhxMJ" data-source="post: 41837" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=41837" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-41837">PhxMJ said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I doubt we will hear them unless we are referred to a link to my &quot;Ebook&quot; or &quot;Website&quot; which explains it all for only $99.95 but if you act now, $49! <br /> <br /> <b>I would love .... absolutely love, to be wrong.</b> </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I also hope you are wrong on this one. I don&#039;t feel like banning spammers today <img src="/community/imgs/emoticons/em-wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /><br /> <br /> Especially as we already have access to the same type of info in other threads. <a href="http://www.thefastlanetomillions.com/showthread.php?t=12330" target="_blank" class="link link--external" rel="noopener">This</a> is just one example.</div>
 
<div class="bbWrapper"><b>Mastering the Money You Have-II</b><br /> <br /> No links to my &quot;Ebook&quot; or &quot;Website&quot;, I promise.<br /> <br /> Just stuff aimed at I guess what you would call &quot;slowlane&quot; people trying to move faster.<br /> I will humbly place myself in that category........for now.<br /> <br /> When you are starting out small the best legal way to make money is by selling:<br /> <br /> a. Goods<br /> b. Services<br /> <br /> that already exist or can be created.<br /> <br /> You must do it where your income is greater than your expenses.<br /> <br /> You can do it with small to large capital with the buy and resell.<br /> <br /> You can do it leveraged capital by owning it for a moment before closing. (Option to buy)<br /> <br /> 1. Find a marketable asset and get the seller to quote X<br /> 2. Negotiate for option<br /> 3. Market for buyer who offers Y<br /> 4. If Y is greater than X<br /> 5. Double close escrow the asset sale and keep the difference<br /> <br /> You can also start an S type business by:<br /> <br /> 1. Find a marketable product Company A is selling <br /> 2. Call and ask for a dealer (reseller) price X<br /> 3. “Tack on†your commission price Y<br /> 4. Market via the phone and internet etc. to company B at X+Y (your price) You can do this for less than $200//month<br /> 5. Do not buy upfront. Get your buy on terms of 30 days and get your buyer on at 20 days or less<br /> 6. Your income will depend upon your sales creativity and time you put in the process.</div>
 
<div class="bbWrapper">Hmmm. I&#039;m not totally skeptic free yet. BUT, I apologize for dogging you upon arival and I have removed my above post!<br /> <br /> Don&#039;t take the bashing personal...we see enough spam around here to drown in it!<br /> <br /> <br /> <b><span style="font-size: 18px">:banana:Welcome to the Fastlane!:banana:</span></b><br /> <div style="text-align: center">:fastlane:&#8203;</div></div>
 
<div class="bbWrapper">Thanks mtnman,<br /> <br /> I&#039;m too new to have seen much spam....Just looking to see if there was anyone else in the buy/sell playground.......</div>
 
<div class="bbWrapper">Welcome, I think if you get into the specifics (as much as you can) people will perk up.</div>
 
<div class="bbWrapper"><blockquote data-attributes="" data-quote="testmktllc" data-source="post: 41929" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=41929" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-41929">testmktllc said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Thanks mtnman,<br /> <br /> I&#039;m too new to have seen much spam....Just looking to see if there was anyone else in the buy/sell playground....... </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>I&#039;ve been on that playground since I was about 6 :cheers:.</div>
 
<div class="bbWrapper">Thanks Bilgefisher,<br /> <br /> This isn&#039;t the greatest example, but I sold this model airplane yesterday....picked up from a private sale for $40..sold for $140 with a single Craigslist ad. Total time about 2 hours. Maybe not the greatest hourly figure but you can do multiple sales etc...<br /> <br /> Of course, sticking to smaller high value items such as musical instruments, jewlery, tools etc. is best. I love model aircraft so I market them.<br /> <br /> <br /> <br /> Wife Steamed! Must Sell-R/C Airplane - $150 (Dover)<br /> <br /> Date: 2008-04-30, 8:24PM EDT<br /> <br /> Too Many R/C model airplanes...... An old Byron Pitts large scale model aircraft.<br /> <br /> Partially built. Some hardware missing and no plans, but has all major parts.<br /> <br /> An excellent project for a skilled modeler who loves large scale.<br /> <br /> $150obo Email or phone: xxx-xxxx<br /> <br /> <script class="js-extraPhrases" type="application/json"> { "lightbox_close": "Close", "lightbox_next": "Next", "lightbox_previous": "Previous", "lightbox_error": "The requested content cannot be loaded. Please try again later.", "lightbox_start_slideshow": "Start slideshow", "lightbox_stop_slideshow": "Stop slideshow", "lightbox_full_screen": "Full screen", "lightbox_thumbnails": "Thumbnails", "lightbox_download": "Download", "lightbox_share": "Share", "lightbox_zoom": "Zoom", "lightbox_new_window": "New window", "lightbox_toggle_sidebar": "Toggle sidebar" } </script> <div class="bbImageWrapper js-lbImage" title="pitts3.jpg" data-src="/community/proxy.php?image=http%3A%2F%2Fwww.checklistreports.com%2Fpitts3.jpg&amp;hash=1311a3661817d1fed1a54b2e1a30db6e" data-lb-sidebar-href="" data-lb-caption-extra-html="" data-single-image="1"> <img src="/community/proxy.php?image=http%3A%2F%2Fwww.checklistreports.com%2Fpitts3.jpg&amp;hash=1311a3661817d1fed1a54b2e1a30db6e" data-url="http://www.checklistreports.com/pitts3.jpg" class="bbImage" data-zoom-target="1" style="" alt="pitts3.jpg" title="" width="" height="" loading="lazy" /> </div><br /> <br /> Not everyone does ebay. Billions of dollars are exchanged every year by people buying and selling their junk. Just look for motivated sellers of marketable items. <br /> <br /> I typically just work the spread. Drill down on the buy side. Negotiate. I just say &quot;You,ve got to do better than that&quot; and then shut up. If I don&#039;t get to my price, I walk.<br /> <br /> I push the price up on the sell side and market to sell as quickly as possible.</div>
 

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