Welcome To Smarter Wealth, You can win $150 this month just by commenting on this blog. You can check out details by clicking here

Taking a break is NOT a sin. It is not evil, it is not selfish, it is smart. The smartest thing I can do for Smarter Wealth right now is take a short break. Just over the weekend.

I need to recoup, refocus and get my head screwed on the right way so I can nail down EXACTLY what I am going to be talking about on Smarter Wealth.

I am heading down the south coast and so I won’t be posting again until monday. If you want to guest post ever then give me a buzz. My RSS can’t seem to break the 30 mark yet, but hey that’s 30 awesome people who will see your post and maybe even check out your site.

So when I come back on monday expect something fresh, something new, something edgy. Smarter Wealth needs some edge. If you have any tips then leave a comment below and remember every comment gives you one entry into the grande prize draw (I have already had over 60 people sign up for my newsletter worth 20 entries).

So enjoy your weekend, I will be surfing all weekend, and I will be back monday.

PS, Getting married in 8 weeks!!!

By world standards you are considered to be in extreme poverty if you live off less than $1 per day. Well in the world of MMO (Making Money Online) I am currently in extreme poverty. Let me tell you MMO poverty sucks. 

There is so much potential to make money online, and so many people are doing it that when you try and try and fail to make money online you get disheartened and you start screaming “WHY THE HELL CAN’T I MAKE MONEY ONLINE?”. This is not uncommon and lots of people go through this. 

In fact I go through this myself. I am starting to get out of MMO poverty though. This month I have made about $150 however I have also spent about $150 in investments to try and make money online (some flopped, some are yet to be sold). So I still haven’t broken the $1 per day barrier. Which truthfully shouldn’t be that hard to break for anyone.

There has to be things that are causing me to stay in MMO poverty. After all the people who actually live in extreme poverty do so because of their mindset. They cannot see any way out of it. So I too must to have a bad mindset because I can’t see out of my MMO poverty cycle.

So lets have a look at the things which I think cause MMO poverty:

Trying to Copy Other People Exactly

Been there done this. You see someone making money online by blogging about a certain topic, so you blog about that topic even though you have no passion for it, no drive to do it. You just want to make money. This will not work. What works for someone will not exactly work for you. There are principles you need to apply to make money online, but not mirroring someone else exactly.

Spreading Yourself To Thin

You heard that the way to make money online was to advertise. So you start 10 blogs and put advertising on all of them. You spread yourself too thin and you never achieve anything significant. All you achieve is having 10 crappy blogs. For beginners the way you need to make money online is to focus on one thing and do one thing really well. I spread myself too thin in the past and this is why I am in MMO poverty. I need to focus now to get out of it.

Unrealistic Expectations

If you believe you can make $1,000 a week from scratch and have never done it before this will lead to failure. If you are in denial thinking you are doing well when you aren’t you will never look for ways to do things better. So get your head out of your ass the sand and look at where you are at exactly and how you can move forward. Have realistic expectations.

Poor Knowledge

If you have poor knowledge of how to make money online then you are sure to fail. You need to research in depth how to make money online one certain way. You need to focus on that way and do your absolute best at making money that way. Educate yourself. Screw your head on and learn some stuff that will make you money and get you out of MMO poverty.

I am a struggling entrepreneur and I don’t nearly make enough money online in order to support myself full time. I work part time in a chemist and then I am trying to work part time online, but soon I will probably have to get a full time job because I am moving out of home and getting married.

So I make money online in my spare time, and I make pocket money which just simply funds other ways of making money online. So really I don’t make much money at all because what I do make goes straight back into the World Wide Web in the hope I can make more money. 

I know that one day this will not be the case, but for now it is the case.

Let me just state that I make pocket money online. I don’t make a wage and the tips I am about to give you on how to make money online in your spare time are likely to earn you just that until you become successful. So don’t expect $1,000 a week or even $100 a week (ok maybe $100 per week). I make about $100 every 2 weeks, which is not a lot of money considering I spend a significant amount of time online.

Here is what I do to make money online in my spare time.

1. Flipping Domains 

Domains can be bought for just $6 at name.com and then they can be resold at sitepoint.com or forums.digitalpoint.com for more than what you bought them for. Use the Instant Domain Search to find domain names. Two to three word .com domain names sell quicker and easier. Don’t expect to make a bucket load selling domain names (the most I have ever made is $50) but you can make some extra cash to fun other bigger projects.

2. Flipping Websites

Flipping Websites is another thing you can do in your spare time. In order to flip a website you just need 5-15 articles written and a good theme. You can even get people to write the articles for you so you don’t have to do any work. You can make hundreds flipping websites but personally I have only made $50 max. But you can easily do a few a week in your spare time and then make a couple of hundred per week

3. Build a Blog

Pick a website and build up a main blogging posting about once per day. John Chow dot Com started like this. In his first year he built up 100 subscribers, in his second year he built his blog up to 1,000 subscribers and was earning $2,200 per month, in his third year he built it up to 14,000 subscribers and was earning over $20,000 per month. Blogs build exponentially over time. So get a blog and start building it, in 3 years you could be earning LOADS of money. This is my plan.

4. Sell Photos

If you love photography then take a few photos and list them on iStockPhotography. Then let them sit there and sell themselves over and over again. The better the photo, and the more targeted it is towards business then the more money you will make.

I have been blogging solid on Smarter Wealth for about 6 months now and I have still not seen the readership I have wanted to see. I have seen many setbacks though. Firstly I started as a personal finance blog and I really had no idea what I was talking about, secondly I changed the URL last month from foolswealth.com to smarterwealth.net, this was a huge change for me. 

It is time to get your hard hards on because Smarter Wealth is going to be taking the internet blog-o-sphere by storm. I am sick of having on 23 readers (though I love you guys) I want to have more readers and more people who want to know how to become rich…the smarter way.

I recently read a post from TheNetFool on The Top Five Ways To Drive Traffic To Your Site and he had a really good point that you need to blog competitively. I need to blog competitively. I need to start writing unique content that BLOWS YOUR MIND. Content that is out of this world, content with attitude and content that is different from any other content out there online.

I am getting angry at not knowing exactly how I should write, because I am still finding my feet in the financial world. I have had a few successes online with flipping websites, but truthfully I am a struggling entrepreneur and I am completely sick of it. 

Smarter Wealth is going to stat blogging competitively. Instead of aiming for 200 crappy posts in the next 40 days I am aiming for one incredibly AWESOME post each and every day. An awesome post that will share with you how I am making money, or how I am not making money. No bull on Smarter Wealth.

From now on I am going to be completely honest with my posts. In the past I have written a few posts about how to make money…but I wasn’t making any. Now you wont get that anymore.

I am a struggling entrepreneur, I am not successful. Of you want to read the blog of a successful online entrepreneur then go somewhere else (or come back in a few months).

I am going to start writing articles to submit to free article sites so I can get links back to this site. I am going to start releasing ebooks to gain subscribers to my newsletter and to my RSS feed. I am going to keep posting once a day, I am going to do guest posting, I am going to do paid reviews, I am going to talk about things that are real for me, and I am going to take the blogging world by storm.

So if you want to hang around and see the journey of a REAL struggling entrepreneur and see me go from where I am now to where I am going to be in a year or two’s time then stick around. Otherwise, go and find another blog to read because truthfully if you don’t want to be here then I don’t want you to be here.

Well it is almost September, which is almost October which is just 3 months out from Christmas and so people will be starting to get into the Christmas spirit soon. So you need to get your christmas shopping done early

I don’t know about you but personally I absolutely hate doing my christmas shopping the week before Christmas when you cannot park at the shopping mall and you have MASSIVE queues at the stores. It is absolute mayhem.

By shopping for your Christmas presents early you can save yourself a huge amount of stress and also you can save yourself a huge amount of money. This is true, I am not just saying this. There are ways to save money on Christmas presents by buying thing early.

I bet you want to know these tips and I am definately going to share them with you.

1. Buy Things The Day After Christmas

This is a little too intense for some people. To buy a present 364 days out from Christmas can seem a little silly, and for some it is not a good financial decision. But on boxing day sales you can save a lot of money on items. Just make sure you buy items that are not limited to a time frame (like buying children’s clothes a child is going to be grown out of before next christmas). Think ahead and buy something that is timeless (or that at least will still be good in one year).

2. Take Advantage of Sales

Throughout the year stores have sales (such as stocktake sale about halfway through the year, and clearance sales before a new catalogue). By buying your christmas presents early you are not limited by time so you can wait until the sales are on and buy the exact thing that you want for less than you would have paid otherwise. This can literally save you hundreds of dollars.

3. Take Advantage of Laybys

Ok this is not really a huge money saving tip but you can take advantage of laybys if you have the time. You can layby the product and pay if off over time. That way you can afford the presents you want to buy people easier. When it comes to Christmas time you will find that because you have already bought the big presents your wallet is a lot less stretched.

4. Purchase Things Online and Save

Now this is one of the greatest ways you can save money online. Buying things online is usually not an option before Christmas because it takes a few days/weeks to ship to you (plus over the Christmas period this time limit stretches). However, if you buy your Christmas presents early then you can spend some time researching on the net to find the best deal and then you can buy your product and have it shipped to you and not have to worry about time. You can save hundreds here.

How To Manage Buying Christmas Presents Early

When buying presents early often it can be hard to get your head around all the people you need to buy things for and if you have bought them a present or not. Here is my advice to stay organised when buying Christmas presents early.

1. Get a Folder

Keep all your information in summary form in a folder. This can be a real folder or it can be a folder on your computer. Having all your information in one place makes it easier to organize and sort out.

2. Have The Opening Page as a Summary

Have the opening page of your folder a summary for all the people and presents you are going to buy. First list all the people, and then when you have bought their presents put a “bought” next to their name, or put a line through there name so you know you can forget about it.

3. Have a Page for Each Person

Now you should have a page for each individual person you are buying presents for. On this page you can write:

a. Ideas for presents

b. Presents you have bought for them

4. Have a Storage Spot

Have one storage spot for all your gifts. You can wrap them as soon as you buy them or wait until before. Write a tab on each of the presents with the persons name and a message to them from you. Then ALSO put a separate tab (which you can remove later) which says what the present is in detail. You can use code like Present #3 and then in your folder on their page it will say

Present #3: A set of candle holders and 3 candles.

Try to put as much detail as you can so you don’t forget what it is.

So now you should be fully equipped to buy a whole bunch of presents and to get your christmas shopping done early and you could save yourself hundreds of dollars on your christmas shopping.

If you like this post then people digg it below. I think it deserves to be dugg.

I recently just wrote about it is very hard to become a millionaire. In order to write this post I sought the help of a millionaire calculator.

This is basically a calculator which tells you at the rate you are saving how long it will take you to become a millionaire. It is a great tool for anyone with their horizons set on becoming a self made millionaire.

Becoming a millionaire is so great because it pretty much means you can stop working and only work if you really want to. Because 8% on $1,000,000 is $80,000 per year for doing absolutely NOTHING! And I am sure I could survive off this if I never had to do anything.

So CLICK HERE to check out the millionaire calculator and see how long it is going to take you to become a millionaire

Hey guys, as you know I am online quite a lot and whenever I find a good site I want to be able to tell you guys about it. This is not a paid review this is just me thinking this site is good. I will be reviewing at least one site per week for the next little while.

The site I’m reviewing today is called Black Hat Way and it talks about different black hat techniques (and some non black hat techniques) you can use to make money online.

The blackhat ways are the main topic of this blog, but there are other things too.

My methods aren’t all just blackhat. Most are, but if I find a whitehat technique that makes me money, why shouldn’t I post it?

This blog is pretty new (just one month old) and already has a good list of subscribers and a some pretty decent content. Give it a few more months and it will certainly show a lot of improvement.

The only downside to this blog is it’s lack of current content (I can’t go digging through the archives because there are not many posts) but the blog is updated regularily so I can always check back and read more.

Definitely worth checking out and subscribing to. But if you want to sit down for a day and read everything on this blog you will be finished in half an hour.

Black Hat is Also Running a Competition

Check out the prizes

Cash:

$50 via Paypal by BlackhatWay

Entrecard-credits:

3000 credits by TheNexus

Memberships:

5x One year VIP memberships to CreateBanner.com sponsored by the Xavier Media blog at http://blog.xaviermedia.com/

Consultation:

2x 1h consultation with Jason from the Universitykid.

Ebooks, audios and videos:

5x 30 Minute Site -video package from Net Strife Internet Marketing Blog

Advertising:

3x Featured link at http://a2s.biz/

Blog review, 125×125 -banner and a sidebar link from AnotherMMOblog.com

3x 125×125 banner spot on the sidebar of BlackhatWay for one month

125×125 banner spot on http://www.RajaieTalks.com for one month.

These prizes are not worth of thousands, but good enough and it takes you only from few seconds to minutes to take part! Sho why not try your luck!

These days achieving ‘millionaire status’ is not as hard as it used to be. This could be because of inflation (because $1,000,000 is not worth as much as it was 50 years ago) or it could be because of the rise in consumerism and capitalism. People are spending more money, so this gives your average joe the opportunity to make a lot of money.

I worked it out that if you want to become a millionaire in 10 years earning just 8% on your money you need to be saving about $70,000 per year. If you want to become a millionaire in 20 years then you need to be savings about $22,000 per year. Though $22,000 sounds like a lot of money for some couples who earn about $50,000 each this is not a huge sum. 

There are two ways that you can become a millionaire quicker and they are pretty simple and straightforward.

1. You can earn more money

Obviously if you are earning more money and saving more money then you can become a millionaire much quicker. If you save $120,000 per year you can become a millionaire in 7 years.

There are many ways to earn more money. There is a great post about this over at Destroy All Debt otherwise you can read through the archives at Smarter Wealth to find out how you can earn more money.

2. You can earn more interest

If you earn more money on your money then you can become a millionaire a lot faster. Lets take example 2. It takes 20 years to become a millionaire by saving $22,000 per year at 8% interest. If you were to earn 15% interest on your money you would become a millionaire in less than 15 years. 

This is just a simple post. Not all my posts are this simple but I just wanted to ramble a bit about how it is not as hard to become a millionaire as it used to me. My goal is to become a millionaire before I am 30 (in 10 years) but I will need to start earning some really decent cash in order for this to happen.

Work Hard Now, Work Less Later. We all want to work less later but many are prepared to work hard now in order to enjoy the ease of being able to work less later. This is why so many people get into bad credit situations, because they want to live it up now and just think they can work hard later. 

If you work hard now then you have a lot more time to live it up later, however if you live it up now your easy life will be shorter and you will have to work a lot harder later. Now I hope I am not confusing you here but I get frustrated at people who have such bad credit history because they refuse to be dilligent now. 

So instead of just complaining about it I thought I would write you all a post about why you should work hard now and how you can do it in such a way that you can cruise for the rest of your life.

1. Have a Goal

Start off by having a goal of achieving financial freedom of some sort. If you don’t have a goal to work toward then you will just float around and go wherever the tide takes you.

2. Have a Timeline

Have a time when you want to achieve it by. For me I want to be able to retire completely before the age of thirty. Set your goal and then work towards that.

3. Be Diligent

Be as diligent as you can be. Pick up extra shifts, learn how to make money online (this blog is a good place to start), educate yourself, invest your wealth instead of spending it on those new clothes you want. be diligent now so you can live lavishly later

4. Create Residual Income

Now this is how you can retire early. You need to create residual income. Residual income is income where you have to do little or no work and it continues to come in. For example having money in a high interest bank savings account is a great residual income earner. You earn anywhere from 3%-10% per year for x amount of years and you don’t have to do anything at all. Just receive the money and do what you want with it.

This is how you can retire early. You just need enough residual income from investments in order to have enough to live off (plus a little extra so you continue becoming more and more wealthy).

So work hard now, be diligent and then relax for the rest of your life

Multiple Streams of Internet Income by Robert G. Allen is a book about the fundamentals of making money online. It combines both wealth training (at the beginning of the book) with internet strategies to teach anyone how they can make significant amounts of money online.

This was the third book of Robert G. Allen’s that I have read and let me just say that it does not disappoint. The tips you find within this book are second to none and many I have not read anywhere on the internet. It gives you a fresh look at making money online which goes beyond the ‘blog-o-sphere’ and steps into a world where it is simple to become a millionaire online. All you need is 10,000 names.

Chapter 1 - Show Me The E-Money

Robert G. Allen is famous for the challenges he sets himself. This was one of his biggest challenges yet. To earn $24,000 online in just 24 hours. In this chapter he shares his story on how he set this challenge for himself and achieved it.

Chapter 2 - Crossing The Digital Divide

If you’re not savvy on internet marketing (let’s face it not many of us are) then in this chapter Robert shows you how you can fast track your success with little or no experience at all by utilizing other people’s email lists. He shows you how he himself used a list to make around $100,000 in 24 hours.

Chapter 3 - Internet Marketing 101: A Few SImple Strategies Can Make You Rich

In this chapter Robert talks about the marketing basics that everyone needs to know if they want to be successful as an online marketer. Great chapter full of huge insights that can turn your product into cash.

Multiple Streams of Internet Income

Chapter 4 - Internet Marketing 201: 12 Powerful Principles for Creating a Feeding Frenzy

In this chapter Robert shows us how to get people to beg for our products, how to get people to buy and buy again and how to get people to tell their friends about their products.

Chapter 5 - Internet Marketing 301: Going Deep - The Secret to Online Streams of Income

Big advertising companies run a mile wide and an inch deep to make a lot of money. Here Robert teaches you to go an inch wide and a mile deep by focusing on niches to make money

Chapter 6 - Netpreneurs, Start Your Search Engines!

Search engines are what will drive most of your traffic. Here Robert talks about the importance of search engines and how we can use them to make money

Chapter 7 - Online Mar-Ka-Ching!

Your web page is the portal through which you will attract multiple stream of income into your life. Here Robert explains the six major ways to make money from your website (which he goes into more detail on later)

Chapter 8 - Beyond Stickiness

Big companies and websites focus on stickiness. When starting out you have to focus on quickiness if you want to make any money fast. Here Robert shows you how to quickly convert visitors into lead and then customers.

Chapter 9 - Ready. Set. Launch: How fast can you go from zero to cash?

If you started from ground zero how soon could you start making money? This chapter gives you details on how to start making money quickly from scratch.

Chapter 10 - Online Stream #1. Joint Ventures

Teaming up with others you can achieve greater success than going it alone. This chapter shows you how to join up with others to create a win win situation.

Chapter 11 - Online Stream #2. Affiliate Programs

You can make a lot of money by selling other people’s products. You don’t even need anything to start with, just some guts. This chapter shares the ins and outs of affiliate marketing

Chapter 12 - Online Stream #3. Selling Information

You can create your own information and sell it to make some easy money. This chapter shows you how to effectively make a stream of income from affiliate marketing.

Multiple Streams of Internet Income

Chapter 13 - Online Stream #4. Eyeballs for Sale

Advertising is how most companies make their money. When you start out you may not make a lot through advertising but you can make a little bit (and more once you become more successful). This chapter shares with you how.

Chapter 14 - Online Stream #5. Picks and Shovels

There is a lot of money to be made from the real estate of the internet. Things such as domains and hosting you can make money from. This chapter explains this in more detail.

Chapter 15 - Online Stream #6. Treasure Hunting

This chapter talks about online auctions (such as ebay) and how to make money from them. It even talks about starting your own auction website.

Chapter 16 - Automatic Pilot: Making Money 24/7/365

The best thing about making money online is you can make money while you sleep.

Overall Review

This book as a must have for all internet marketers. It has the easiest ways to make money online and explains them in an easy to read format. I would reccommend this book to anyone trying to find their wealth online. The miss reading this book would be similar to missing $1,000,000 if someone offered it to you on a silver platter…no joke this book is awesome.

Smarter Wealth Rating: 9/10

Buy This Book Online and Save

Buy This Book