Comments on: How I Earn Money For Free With No Effort! http://financefreelancelife.com/2008/12/30/how-i-earn-money-for-free-with-no-effort/ Fri, 19 Mar 2010 13:56:41 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Monevator http://financefreelancelife.com/2008/12/30/how-i-earn-money-for-free-with-no-effort/#comment-36183 Monevator Sun, 18 Jan 2009 00:23:32 +0000 http://financefreelancelife.com/?p=1269#comment-36183 It's great to move from loose change to an income stream from saving. All that hype about compound interest is true - it really does add up. But it's a moveable feast, too. When you get into investing the old cash returns look mediocre, just like your old 0.2% interest rate did. (Or perhaps I should say 'used to look' - a bear market knocks the stuff out of such confidence I guess!) It’s great to move from loose change to an income stream from saving. All that hype about compound interest is true – it really does add up.

But it’s a moveable feast, too. When you get into investing the old cash returns look mediocre, just like your old 0.2% interest rate did. (Or perhaps I should say ‘used to look’ – a bear market knocks the stuff out of such confidence I guess!)

]]> By: David http://financefreelancelife.com/2008/12/30/how-i-earn-money-for-free-with-no-effort/#comment-34841 David Tue, 30 Dec 2008 23:56:50 +0000 http://financefreelancelife.com/?p=1269#comment-34841 Free money is the best money! Thanks for the mention :-) Free money is the best money! Thanks for the mention :-)

]]> By: Dawn http://financefreelancelife.com/2008/12/30/how-i-earn-money-for-free-with-no-effort/#comment-34823 Dawn Tue, 30 Dec 2008 18:37:17 +0000 http://financefreelancelife.com/?p=1269#comment-34823 My two favorite ways of "earning" extra money is 1) not spending it in the first place, i.e. finding ways to save money and 2) bank interest. I know that the returns on bank interest aren't high compared to other things, but it literally happens without me doing a thing - my other investments require work. My two favorite ways of “earning” extra money is 1) not spending it in the first place, i.e. finding ways to save money and 2) bank interest. I know that the returns on bank interest aren’t high compared to other things, but it literally happens without me doing a thing – my other investments require work.

]]> By: Stephanie http://financefreelancelife.com/2008/12/30/how-i-earn-money-for-free-with-no-effort/#comment-34816 Stephanie Tue, 30 Dec 2008 17:12:45 +0000 http://financefreelancelife.com/?p=1269#comment-34816 I'll agree, it is pretty awesome that I earned money for just putting money into my savings account. And on top of that, not having that money in my checking account (where I might be more likely to spend it) also kept my costs down. If I've done the math correctly, the interest I earned this year is equal to ~20 hours of work/salary. Not bad for spending a few minutes to set the automatic transfers! I’ll agree, it is pretty awesome that I earned money for just putting money into my savings account. And on top of that, not having that money in my checking account (where I might be more likely to spend it) also kept my costs down.

If I’ve done the math correctly, the interest I earned this year is equal to ~20 hours of work/salary. Not bad for spending a few minutes to set the automatic transfers!

]]> By: Rob http://financefreelancelife.com/2008/12/30/how-i-earn-money-for-free-with-no-effort/#comment-34808 Rob Tue, 30 Dec 2008 14:51:03 +0000 http://financefreelancelife.com/?p=1269#comment-34808 To Dad: As honest people, I'm certain they weren't expecting a reward of any kind, other than the fact that they'll sleep well at night knowing they did the right thing. I like money as much as the next guy, but it's not all about the green stuff. To Dad:
As honest people, I’m certain they weren’t expecting a reward of any kind, other than the fact that they’ll sleep well at night knowing they did the right thing.

I like money as much as the next guy, but it’s not all about the green stuff.

]]> By: Dad http://financefreelancelife.com/2008/12/30/how-i-earn-money-for-free-with-no-effort/#comment-34805 Dad Tue, 30 Dec 2008 14:21:40 +0000 http://financefreelancelife.com/?p=1269#comment-34805 It is certainly FAR better than the mattress. The other day, I read about an elderly woman who didn't trust banks. She put her entire life savings of $10,000 into a box of crackers. Then in a moment of forgetfulness returned the box to the store. The store erroneously reshelved it (it should have been composted). Another customer bought it. They were honest and after some work by the police, the error was discovered. The woman got her savings back. I found it sad that the honest family didn't get any reward from her for their honesty. Even a little would have been nice for the child who discovered the money and turned it over to her parents. It is certainly FAR better than the mattress. The other day, I read about an elderly woman who didn’t trust banks. She put her entire life savings of $10,000 into a box of crackers. Then in a moment of forgetfulness returned the box to the store. The store erroneously reshelved it (it should have been composted). Another customer bought it. They were honest and after some work by the police, the error was discovered. The woman got her savings back. I found it sad that the honest family didn’t get any reward from her for their honesty. Even a little would have been nice for the child who discovered the money and turned it over to her parents.

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