Is it possible to make money without contributing anything?

Question

Is it possible to make money without contributing anything?

Answer 1

Your question is not clear. You don't want to contribute physically, financially or both. you can make without contributing physically but for this you have to invest your money somewhere. But without contributing money you cant make money.

Refer to 2 answer you will contribute physically in that particular act.

Answer 2

Yes.  Yes to you, yes to your other personalities, yes to it every time you ask.  Yes.

Answer 3

NO

Answer 4

Investing - Have your money work for you.

But still need to do your homework, and need to have funds to begin with. Many banks will offer you loans to start with.

There are a lot of things that you can invest in.

Property, Equity, Commodity, Business...etc

I myself Invest in Property, I have 4 properties under my name, 1 I own, 3 others pays each other off with a lot of change. And one of which is an industrial property, which I receive $79,000 in rent p.a.

Also, I sold a house last year, for $565,000.

I bought it for $299,000. All I did, was renovated the dump (approx $100,000), waited for the right moment, then sold.

Smart people may use the profit to pay off existing debts or invest it. I myself got a Range Rover.

With properties, it's all about location location location, size of the land, and frontage. I don't know where your from, but here in Australia, there is currently a shortage in rental residentials. Do your researches before buying though, it has a huge potential, but you do need to have a day job if you're just getting into it.

I also invest in equity and commodity, but you have to do your homework.

--Update--

Ok, It is good that you have a well paying day job. And keep your job, so you will never be afraid if an investment does not pay the % you estimated, and you won't have to kill yourself if the stock market drops 1 or 2 points. I still have my day job, and I will never quit.

While you are still learning to invest, keep your money in a term deposit or an award saving account. I always keep $100,000 cash on hand, break them up in $50,000 Term Deposit, and $50,000 in my award saving account, which pays an approx $350 interest per month. Hey, free dress =)

I don't know how by telling you how I started to invest would help you, because time and economy are different now.

But this is how I started:

I was the lucky one who started investing with my mother's support. My parents have been telling me the importance of investment since I was in primary school, I've read "Rich Dad, Poor Dad" the very first day it came out. Therefore, when I wanted to break into the market, I borrowed $ from my parents, and payed them the interest rate of 7% (1% higher than term deposit interest rate, 2% lower than loan interests)

With the $ I borrowed from my parents, I used it for the down payment for a home loan, and with the home loan, I bought a 4 bedroom apartment. I lived in the master bedroom and rented the 3 bedrooms out to my uni friends. The rents paid off the loan of the apartment, and my uni tuitions, and the money from my part-time job all went into my savings for my next investment...

With houses, I have been working with the same real estate  agent ever since my first property. Let them do all the job, that is what you pay them for.

Time is different now, since you have a day job and savings, I will not recommend borrowing money to enter the market (except properties). Also, you need to have a back up plan (mine is my day job and my savings).

If you are single, you can afford to take more risk, but if you are married, or have children, you need to take it slow.

Most investment takes time to have a huge return, there aren't a lot of overnight millionaires besides lottery winners. Important thing is do your maths, do your homework, then you can sit back and have your money work for you.

If you've never considered investing before, you can read

"Rich dad poor dad" by robert kiyosaki to start with. That's the book that inspired many successful investors.

Answer 5

Yes.  Stand on the street corner with a cup held out as pedestrians walk by.

Answer 6

Yes, refer to the 2nd answer.