Rich Couples

Looking to get off the paycheck-to-paycheck treadmill or to drop out of the rat race altogether? Here’s what you’ll need: a solid plan for how you’ll spend your time and a way to either earn dramatically more or spend much, much less.

This is not an impossible dream. In 2004, 7.5 million U.S. households had $1 million in assets, not including their homes. The number of people worth $5 million has quadrupled in the past 10 years and numbers nearly 1 million.

But the number of people who live on much less than they earn is surely greater.

How do you get there?

You can also take a page from the book of America’s newest crop of millionaires and consider starting your own business.

Read the full article here

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Scholarship Scams

Fraudulent scholarships can take many forms; some of the most common types are presented here. If you receive an offer that uses one of these tactics, be suspicious. If you believe the offer is a scam, report it. Sometimes a scam persists for years before people catch on to it. Even when people realize they’ve been cheated, few are stubborn enough to try to take advantage of guarantees or to file a complaint.

Scholarships that Never Materialize. Many scams encourage you to send them money up front, but provide little or nothing in exchange. Usually victims write off the expense, thinking that they simply didn’t win the scholarship. Continue Reading »

There are three ways to earn money running a baby-sitting referral service. The first is to charge baby sitters a fee to join the service, be listed in the directory, and have access to parents seeking baby-sitting services. The second is to charge parents a fee to join the service so they have access to a suitable and qualified baby sitter in their area. And the third way to earn money is to sell advertising space on your website and in your monthly “Baby-Sitting Newsletter” to community businesses that want access to your customer base to advertise their products and services, especially child- and baby-related businesses.

Combined, these three revenue streams have the potential to generate huge profits for the innovative entrepreneur with strong marketing and management skills. You can run the business whether you plan on having parents and sitters sign up in person or online. It will be important to develop a screening system for both potential baby sitters and parents looking for baby sitters, to offer peace of mind in terms of qualifications, suitability and security.

Source: Entrepreneur

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A San Francisco start-up, is to create a workout centre for the brain, patterned after a health club. Instead of exercising muscle groups via a series of circuit-training machines, vibrantBrains members hone their mental skills using a variety of computer software programs and other tools, for a monthly membership fee of USD 60. VibrantBrain’s health-club-for-the-mind approach should appeal to the millions of baby boomers who’ve spent their adult lives regularly visiting gyms. As they approach retirement age, they’ll want to maintain their mental agility, too, as attested by sales of Nintendo’s Brain Age, which sold 10 million copies, according to the San Francisco Chronicle.

If the mental health club idea catches on, the real competition eventually may come from traditional health clubs, which could add brain-exercise routines as easily as they’ve added yoga and martial arts instruction. However, even if that happens, there should be plenty of opportunities for start-ups to differentiate themselves—from rehabilitative clinics for the elderly to centers focused on mental and physical exercises for kids.

Source: SpringWise
Website: www.vibrantbrains.com

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When you hear “eBay” and “money” in the same sentence
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