Do you ever watch a movie about a guy pulling a fast one and walking away with millions? Or maybe you see a news story about a guy holding up a jewelry store and making off with bags of diamonds. While both of these examples are ways to make money illegally, they both allow us to fantasize what it would be like to make that kind of money in a short amount of time. Still, it would be fun to fantasize so I came up with this list of 15 ways to make money illegally. Please note that the ideas listed below are for entertainment purposes only and you should not, under any circumstance, actually consider trying any of these. But if you are here because you really have considered these ways to make money, stick through to the end. After you steal the money, you need to launder it so that it cannot be traced back to you, which carries with it a whole new set of risks. Same idea as above, but odds are you are going to have to rob a handful of stores to make anything worth the effort. Most stores now only keep a small amount of cash on hand and you also run the risk of trying to rob from a store that has a worker with a shotgun!
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Is there any money to made investing in the ghetto? Although there may not be an exact definition for what constitutes, «the ghetto», you know what it looks like when you’re there. These are the parts of town that have very depressed property values, extremely high crime rates and tons of vacant or boarded up homes lining the streets. Is there any real estate investing opportunities in those areas? That’s what you’re about to discover:. The most important distinction about the ghetto as it pertains to real estate investors is that cash flow rates are typically extremely high. Property prices tend to be very low in comparison to the rental rates. It can be quite shocking to see just how high rental rates can be in such bad parts of town. Therefore, the big profit center for investing in the ghetto is in owning rental property and collecting strong amounts of cash flow each month. In most cases, properties do not appreciate much, if at all, in the slums.
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However, in some rare instances, a city may actually revitalize a depressed area and what used to be a war zone may turn into an artsy, trending locale over the course of time. So a side benefit of owning rental property in the ghetto is that in the future, it may turn into the next big area. And then your property values will sky rocket. But don’t bet on it. If it happens, then consider it icing on the cake. Many new investors fear becoming landlords because of all the horror stories they have heard, even in good parts of town. Then, you should suggest owning rental property in the most dangerous parts of town and then they run for the hills! To set the record straight, landlording is comprised of three main responsibilities; collecting rent, handling maintenance requests and visiting the property ever-so-often. Collecting rent can be difficult no matter where the property is located and if tenants don’t pay, you may have to evict. What ghetto investors typically do is rent their homes to Section 8 tenants.
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I was born in a housing project called Terrace Village in Pittsburgh, Pennsylvania. In fact, we moved to a worse public housing project called Northview Heights. I stayed there until I was 18, which is when I left for college. Some terminology for the uninformed masses. But not all hoods and ghettos are public housing projects. There are shitty neighborhoods all over the country. Housing projects tend to be the worst kind of ghetto — you gotta be a special kind of broke to live where the government subsidizes your rent and utilities. To me they all mean the same thing: a fucked up place that I would never want to live in again.
Expenses piling up? Empty bank account at the end of the month? Look for ways to increase your income. Take a free online marketing course, do odd jobs for a neighbour or use your 2nd language to do some translation. You’d be surprised how many ways you can make extra cash. 👍💫 pic.twitter.com/QcDvOIL8WP
— Manulife Bank (@manulifebank) January 29, 2020
What is “the hood”?
Why should you check your credit score when you want to save money? You find good deals on products at brick and mortar stores or online and resell them on Amazon for a higher price. Buy the products you selected at any participating store. Regardless of who it is, a good accountability partner can mean the difference between you achieving your savings goals and you abandoning hhe. With equity crowdfunding, you are not loaning your money to the company. Insourcing, or completing tasks by yourself at home or monney your business, is a great way to save money. However, please note that getting your project approved on Kickstarter is not a sure thing. Do you spend money on groceries, bills, clothes, gas, and entertainment? After all, you have to keep your side of the bargain. Do you use a platform for building them other than WordPress? How do I get started? Make Money as a YouTube Star. Thank you for this detailed post. Prosper claims to offer you investment options that are specially tailored to suit your preferences.
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1. Blogging
The best way to make hoq as a kid is to just start. Choose an easy idea and get to work. Get how to make money the ghetto way first customers from people you know like family, friends, and neighbors. Over-deliver on your product or service and ask for referrals.
Account Options
Make a business plan to grow your business. Look for other opportunities for your next business. You can take surveys, watch videos, or just search for stuff online. Blog about your passion and earn money while you sleep. If you start now you can be making enough money to never need a job!
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