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Join Date: Feb 2004
Location: LaGrange, NY
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Ideas for extra $5500 per month... anything legit as side business ideas??

As I am looking at new homes in NY..... I am looking for any ideas that would generate $5000- to $6000 per month additional income.
I am a business banker making decent money. Wifes a psychologist, doing well also. But we are looking for ideas on a side business that can produce some additional income. The idea of a hefty mortgage, and no extra money from current income to live on is a scary thought.
I am even thinking of career changes in the financial world also.

Anyone know of a business idea, or know a business owner that is hitting these numbers?
..or am I nuts?

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Old 10-30-2005, 04:55 PM
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Re: Ideas for extra $5500 per month... anything legit as side business ideas??

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Old 10-30-2005, 05:02 PM
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Old 10-30-2005, 05:04 PM
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OK. I asked the wife about the pimp thing, and she said she would pimp me.
I am really serious for ideas.
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Old 10-30-2005, 05:04 PM
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well, you want the income in addition to your day job? With home much time to invest? If you figure out something let me know too since I'll soon be underemployed and taking a 50% pay cut. I'm going to try and make it up with consulting gigs and maybe some freelance.
Old 10-30-2005, 05:16 PM
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I can detail cars like a mad man, but it would need to be 5 $300 cars per week. Dont think I can get the volume.
Maybe a professional car searching service?? Everyone comes to me already for my opinions on "good cars". .... Automotive consultation services??
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Looking for 87-89 Silver Cab 911, black interior, must be low miles, near pristine, no accidents, well sorted.
Old 10-30-2005, 05:19 PM
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Old 10-30-2005, 05:37 PM
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Become an options trader. It isn't easy money. Steep learning curve.
Old 10-30-2005, 07:35 PM
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Ken

I thought you were some big portfolio trader making big bucks for high end clients?
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Old 10-30-2005, 08:05 PM
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Paper route?...$5,500 extra a month in the spare time?...Am I missing something here?

I am all ears.
Old 10-30-2005, 08:14 PM
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Go to foxwoods casino, play roulette, wait until the croupier isnt looking, steal the chips, run real fast. Try again 5 years later...

Im sorry but the idea of generating 5 grand extra a month is lost upon those who dont even make 5 grand a month. Good luck to you hopfully NY is better than Michigan for economic ventures.
Old 10-30-2005, 08:17 PM
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Quote:
Im sorry but the idea of generating 5 grand extra a month is lost upon those who dont even make 5 grand a month.
No kidding... I read the post and asked myself how I'd even generate $1k more per month!
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Old 10-30-2005, 08:21 PM
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What about real estate? Either direct investment or real estate management.
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Old 10-30-2005, 09:42 PM
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Hit Man.

Honestly, $66,000 a year is...um...like a second career. The money is one thing - my question is from where will you find the time?
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Old 10-30-2005, 09:55 PM
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How about "living within your means" Just a thought....
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Old 10-31-2005, 12:03 AM
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Quote:
Originally posted by Hugh R
Ken

I thought you were some big portfolio trader making big bucks for high end clients?
We went through a 40% cut in income earlier this year. I manage money for companies and large pool of assets doesn't equate necessarily to huge client fees. As the total portfolio increases, the management fees decrease.
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Looking for 87-89 Silver Cab 911, black interior, must be low miles, near pristine, no accidents, well sorted.
Old 10-31-2005, 02:52 AM
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Only job I know where you can make $5500 on the side is free lance website design. But you will be spending long nights in front on the puter.
Old 10-31-2005, 03:50 AM
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Quote:
Originally posted by HardDrive
What about real estate? Either direct investment or real estate management.
$5500 a month in a relatively short time? xman, call Carleton Sheets!!!

Seriously, I think it would be easier to make your income go farther than make more income.

BTW, RE prices are heading south. Put off house plans for a couple years, and you'll make money buying after prices head down.
Old 10-31-2005, 04:13 AM
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Wall St is paying out big bonuses this year. The streets are liquid and money is flowing. Or you can hit on one of the big private property owners. Sheldon Solo always starts new blood at between 50-100% more than what the guy thinks he's worth.
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Old 10-31-2005, 04:19 AM
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Old 10-31-2005, 07:46 AM
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