When I was in high school, I would boast that I was going to retire at age 26. From that point on all I would do is go to my home office and say, “Buy!” or “Sell!” over the phone a few times each day. I turned forty few months ago, and it’s painfully obvious that I haven’t reached that goal.
Strange how life didn’t follow the twisted dream of a teenager.
While I’ll likely never reach that goal of multiplying my millions by buying and selling stocks over the phone (who would use the phone for that these days anyway?), I have learned that there is significant money to be made through a home office and an internet connection.
Ebay: I have some friends that would scour flea markets and garage sales during the weekend, take pictures of their finds, and then sell the items for a profit on Ebay. They became so good at it that they both quit their day jobs and became full time Ebay retailers. Unfortunately their empire came crashing down when they shipped a chainsaw to a buyer in England. Apparently international laws frown upon that sort of thing, and they were banned from selling anything on Ebay ever again.
Trading Foreign Currency: If you want to feel like an international financial mogul, why not take a dip in trading foreign currencies in the Forex market? Sounds complicated, but there are some great platforms out there such as MetaTrader 4 with MXT Global(it’s also available for Mac!) that make it a snap.
Blogging : You seriously didn’t think I wouldn’t mention this, did you? Of course one day I have dreams of being a silent partner of a world renowned blog with a first rate writing staff. I would of course contribute once a month, which of course the readers would wait for agonizingly, and would be wildly popular once it went live. You can setup a blog with wordpress in minutes. If you are not the writing type, you can always have a go at trading websites: there is a vibrant market for good, pre-loved sites.
Online Stock Trading: There’s more stock trading portals than you shake your money maker at, but Loyal3 takes the prize for the easiest. You have a limited number of companies that participate (currently over 50), but they’re all easily recognizable, and you can buy stocks in as small as $10 increments. I could even yell “Buy!” and “Sell!” at the computer screen as I punch the keyboard.
These are just a few examples in an ocean of possibilities. Even if you love your day job, like I do, you can supplement your income with as little, or as much effort as you want.
Do you make money online from home? What’s the money maker of your choice, and how’s it working out for you?