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Old 12-19-2011, 12:53 PM   #21
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Originally Posted by FUEGO View Post
Interesting. I have also heard of a slight variant on this deal. Buy a couple (or couple dozen) acres of undisturbed wilderness out in the middle of nowhere for a steal. Harvest all the timber, then re-sell the land as a "cleared buildable lot" and get back more than what you paid for it, plus the $$ from selling the timber.

Do you actually cut and sell the timber yourself or sell rights to it and allow third parties to cut the timber?
I used to cut and sell it myself. I live too far now, so I just call someone, they do the job, and I get a cut of the profits.

42 y/o, married, retirement portfolio = 43 x annual expenses
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Old 12-19-2011, 01:19 PM   #22
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Originally Posted by 97guns View Post
im curious if anyone has a way to make mad money without working. ive been selling plants and cuttings on ebay for the past 2 years and have netted around 3K, we make maybee $50 a week on the low end to $250 in the spring/summer time. the plants regrow and we never have to buy new stock, the only expense we have is the ebay fee's and shipping, everything else is juice.

i also watch storage wars on tv and wouldnt mind going to some auctions and trying them out but there is chance of negative equity.

just wondering what kind of side money action you have without waking up to an alarm and punching in.
IMO the things you described ARE work. I've sold things on Ebay, and the amount of time writing the ad, packaging, transferring funds from PayPal, dealing with questions from customers, etc....all work IMO.

If you mean kind of a side job...I do some small woodworking projects occasionally for a few extra bucks...but it's definitely work.

"Live every day as if it were your last, and one day you'll be right" - unknown
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Old 12-19-2011, 01:29 PM   #23
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Originally Posted by Finance Dave View Post
IMO the things you described ARE work.
I agree.

Other than finding spare change in the gutter while I walk my dog, anything that requires me to exchange my time and effort (regardless of how little) to obtain additional income beyond my investment portfolio, along with future income from SS is work.

That's why I (along with DW) saved/invested for retirement for 30+ years ...

When I worked, I exchanged my time for money.
Now since I'm retired, I exchange my money for time ...

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