Pennies at a time

Discussion in 'The Cocktail Lounge' started by Rosyrain, Oct 2, 2015.

  1. pwarbi

    pwarbi Senior Investor

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    And I think that's probably the key thing to remember, doing the micrormtasks, surveys or whatever else you find to do online won't make you rich. I think a lot of people expect to much but are then left disappointed.
     
  2. Scooby Snack

    Scooby Snack Well-Known Member

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    I've also been gradually adopting this mindset. If I take an hour a day or so, maybe two, scrounging up some small cash, over time it will add up. It's pretty sweet, actually.
     
  3. 111kg

    111kg Guest

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    I honestly think that rather than spending time on doing low paying micro tasks isn't a good strategy anymore, even though they add up. There are thousands of people thinking they can score big making money online, but truth be told, most of them don't have any skills, reason why it's better to spend time learning a technical skill that would not only bring more money in a short period of time, but that would also get your head out of the crowd.
     
  4. ScooterBrandon

    ScooterBrandon Senior Investor

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    I have known the bartender for years, and when I am doing well I like to tip him well because he's a good family man.
    So no he didn't give me a hard time at all.
    I have never actually ever had an issue paying with beat up money or with change.
     
  5. Susimi

    Susimi Senior Investor

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    That's actually pretty nice you've got a good relationship with the guy and kinda heart-warming to hear about the tipping :)

    Thinking back I've not really had much of a problem myself when I've come into possession of a beat up note. I've had some that have a tear down the middle and have been taped up but have never really had a problem when handing it over, even though I was a little uneasy about it.
     
  6. pwarbi

    pwarbi Senior Investor

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    As far as I'm aware, here in the UK anyway, ships and businesses are obliged to accept and legal tender regardless of the condition it's in. They can't just say we're not accepting your money because it's a little crumpled for example.
     
  7. evelin

    evelin Well-Known Member

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    I used to work for pennies as well before getting a stable job. You shouldn't be ashamed of what you're doing. If you think it's worth to you, then the opinions of others are just futile. Do what you like and let the pennies stack up to being senseful dollars! :)
     
  8. 111kg

    111kg Guest

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    It really depends. Sometimes, these online micro jobs take a lot of time actually and they don't pay much. I wouldn't spend an hour completing a survery for example only to be rewarded with $1 or so, mainly because my time is more precious than that. This is exactly what I was saying above. Keep in mind that when you choose to work for pennies per hour, you aren't paid, but rather you pay yourself with that amount per hour. This is why I tell people to try and learn new skills, better paid ones.
     
  9. moneyman

    moneyman Well-Known Member

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    It is complete true that if you keep a close eye on where you spend your money you will eventually realize how much you could save in certain things. I am keeping a monthly budget and following how much I spend and where could I save even more.
     
  10. eddiemoneys

    eddiemoneys Well-Known Member

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    One thing I would like to suggest is that no matter how much you are making (whether it's pennies or dollars or 80 dollars an hour) is that you are placing it either into an interest-bearing checking account, a savings account, or some other form of resource investment that compounds and returns greater than what you put into it. Even if it's only something small like half of a percent or some type of money-market account, at least you are gradually building it up. If you are making pennies, you'll make them faster. If you're making millions, you'll make it faster. Either way, it's good. Just make sure you choose the option that is best for you, especially if you want to be able to compound some or all of it, but need to keep it liquid. Savings accounts can still be liquid, but they'll penalize you for pulling out what you invest significantly. Interest-bearing checking accounts don't make nearly as much for you on interest paid out to you as the savings accounts do, but the benefit of that is that you don't have to worry about being penalized or having your money held if or when you need it immediately, or decide that you want to retain it outside of the bank for whatever reason.

    I do agree somewhat with elnory09 on her assessment and perception of things. At the same time, I also acknowledge the restrctions and difficulty of finding work for people in the United States due to the recent changes in economic stability, as well as for people abroad and outside of the US who have other barriers or are trying to benefit from the exchange rates by doing things for less than would be acceptable in one place, but would be more than $20 an hour by contrast to wages in other countries and the dollar value there. It all depends on what you're doing, where you're doing it from, and how much of a difference there is in the cost of living and what you get out of it. Time, resources, expenditure, and other factors must all be considered along with locality and country of origin.
     

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