Methods to make money that do NOT work for beginners

There are many ways to earn money, but there are also methods that you better not try because you risk a lot with them.

It is an article made after several analyzes, personal observations about some people who tried to earn money with these methods and not all of them succeeded.

You can make money with almost anything in this world, but not everyone is successful from the start.
I believe that continuous education, minimal risk at the beginning, and continuous analysis can help you make money.

These methods can bring you a little money, or you can even lose a lot of money; it is up to you which side of the road you are on.

 

 

Passive or occasional trading of shares

Many people turn stock trading into a game of chance. Only professionals use experience, historical patterns and various tools to increase your chances of making more money in the stock market.

The average person, on the other hand, speculates on the rise or fall of the market. People are tempted to start trading based on advice they get left or right.

You can be successful if you do it this way, but more often than not, if you confuse stock trading with gambling, you will only lose money, and you certainly don't want that.

I personally recommend investing in stocks, but only after a period of education and knowledge of investment types and risks.

Game

Gambling is designed for you to lose money, not for you to win increasing amounts of money.
In the long run, you end up losing more money than you make.

Although luck may come your way a few times, don't expect it to happen too often.
Often gambling just creates an addiction, and people who become addicted ruin their lives.

I personally do not recommend this method at all.

Network Marketing Without Products

When you sell a product you don't believe in or simply attract other people to your network marketing without selling anything, you are basically part of a Ponzi scheme.

The problem with this type of income is that its logic breaks down somewhere in the middle. So you end up destroying even the relationships you've formed over time by selling products you don't believe in.

This method of making money is one that does not add any value, it even ends up destroying some relationships. It's only a matter of time before it all starts to fall apart.

I personally do not recommend this method at all.

Family Services

Although in some cultures it is okay to sell your services to family members, in most cultures it can be harmful.

You don't want to destroy the relationship with your family for a service you don't believe in.

On top of this, strangers take you much more seriously than family.

A good idea that you can apply is to offer your services to your family, only when they request it. So don't force the family to use your services.

Play with cryptocurrencies

Before making any type of investment, you should know what you are getting into. The world of cryptocurrencies is quite complex and losing money is quite common in this environment.

You will not magically make money quickly if you invest in cryptocurrencies. Trading cryptocurrency is quite similar to trading forex.

You can make money very quickly, but you can also lose money just as quickly. If you don't know what you're doing, you'll end up regretting it a bit.

I personally recommend passive cryptocurrency investing, but only after a thorough study of the risks and opportunities.

Investing in real estate without education

A good business without knowing how it works is the fastest path to disaster. You need to know what you are getting into before you invest.

You need to know everything about homeowners associations, zoning, the building itself, among many other things. In this case, the first and most important investment is in your education.

Everything will start from here and you will see that by investing more in education you will have more to gain.

Personal: Such an investment seems simple at first glance, but if you want to be profitable in the long term, you need time, understanding of the market and professional help.

Business that works well for a friend

There are many online businesses that you can consider. From dropshipping to affiliate marketing, these types of businesses work for some people.

However, you should know that those who were able to enjoy the results of their investments probably worked very hard to get to that point. Therefore, you should not underestimate the level of work required to establish an online business.

You have to do what you are most passionate about. Are you ready to spend the next 10 years learning everything about a certain business? If yes, then you can try this.

Personally, I have never heard of a business that goes to a friend goes to another friend. Think of something unique that suits your style.

Conclusion

Although everyone expects to earn quick money, the truth is that things are not that way.

Think carefully about what you are investing your money in before making a decision.

Edit This Article