Please see http://teachmemoney.wordpress.com/2013/10/27/why-the-dotcom-bubble-wasnt-a-bubble-at-all/ For commentary.
Please see http://teachmemoney.wordpress.com/2013/10/27/why-the-dotcom-bubble-wasnt-a-bubble-at-all/ For commentary.
Today, you see the dotcom bubble as something to be remembered.
An Example of how a buying Frenzy can bankrupt entire nations. And why these bouts of insanity should be avoided. But it couldn’t have been all bad could it?
The Video I posted, says that Amazon and Ebay caused some sort of panic as in “we’d get fired for not buying”
Well, what about paypal? What about Google? What about Netflix? It appears that the bubble was an accident. Where anyone could get in. When the fed raised interest rates, it excluded certain people from participating in the wealth generating process.
But they get all the Gold? Well it depends, some if not most companies went bankrupt shortly after the bubble popped. But heres what still happened. It was a really fast way to generate the infrastructure required for the future. So then what’s next? Well believe it or not there is currently an app bubble. It’s fascinating everytime I watch shark tank to see their eyes pop up. Throwing money in the hundreds of thousands and not millions. Today, if you own a website, unless your the big three, it’s viewed as a liability. I guess their feelings are still hurt from foolish insanity. But hey, they would have been rewarded for holding true to their modules in the end, instead they burned their reputation to make a bad investment. But hey, no one’s perfect. I’ve certaintly made my mistakes in the past.
But the internet, has over 1 trillion trillion possibilities for generating revenue. Some people get stuck in the rut of “google making money” “make money from home” the truth is, do it yourself.
It’s a very simple process.
Make content. Something people want. Or decide what a certain group of people want. Then tell them about your site, if your any good they will come. But you your anything like me, I just keep the ghosts on the internet company. They read I know they do, their spirit is engulfed in this mass of technology.
I’ve noticed the internet is becoming more and more personalized. I don’t really like this. I don’t log on to see stuff I already like, I log on to expolore, expand my mind, debate with people who recklessly throw out insults. But I fear not, for I know it matters not in the long run. But if in some distant future. Everything we did is discovered by an alien civizaltion, they’ll know I tried to bring sanity to the internet.
I honestly love it. Or the idea of it. A giant unlimited platform, where anything can happen. Too often though I see a degrading of human sanity, either because youth has too much time, or older trolls just got jobs and families and bills.
But not me, I’m rich, I have no family, I should be technically happy and carefree. But i’m not, I like to see myself as a guardian. I try to leave the internet a better place then I left it. I understand the dangers of a bad idea going viral. Never before has a tool come into peoples homes to change their opinion to frevently and directly. What a fascinating powerful tool. #internet responsibly.
Perhaps it’s time to develope a type of government. I don’t think it’s a good idea to let profit bearing corporations to control the internet. I mean, I see potential for disaster there. But hey, I’m just one guy. Out in the internet. Just writing away…. Good night Ghosts.
If I could write a letter to myself in the past. It would be on everything I did wrong. I would tell myself that there are three types of online Companies. The first is content provider, blogs, (like this one) magazines, music videos etc. The Second kind of online business are pyramid schemes. Now, I know they have a bad wrap. But you can’t argue with someone who has made more money than me with pyramid schemes. The trick with them is to be at the top. The third kind of online company is a service provider, GoDaddy, FileBack Up, Hosting, Out-Sourcing,social media, etc.. which in my experiance is the most complicated to operate, but also the most reliable model.
So I there may be a few I left out simply because I don’t know about them, but I don’t at all claim to know everything.
Now you may notice the wordpress logo. That’s why it’s there, so you can notice it. I’ve learned that if you can get over the challenge of people noticing you, (or your content) your as good as golden. Now me, I’m a terrible writer, I admit it, this is not something in which I have been blessed by the money gods, but it’s still fun.
But getting noticed online line is honestly a numbers game. If you don’t sell anything It’s easier to gain a few loyal readers. If you sell to them. It’s easier to get their money. But the question honestly is, if you can write better than I can (which isn’t saying much) How, do you get people to find it?
Here is the worst reputable type of online business. It’s famous for a reason, for some odd reason. It works, Why it works is a subject too complicated for me, probably because this style of marketing acts like a virus. It needs a host to survive, Also if executed properly can be a force to be reckoned with, heck in my opinion Wall Street is the most famous of all pyramid schemes. But that’s another post.
Probably the most reliable and authentic model of online business. A Service provider has it’s own set of challenges and advantages.
The Three things that these have in common, is are the steps preceding them. These models obey the same economic laws as brick and mortar business. I have a real passion for these models as they can be applied at any age, it’s impossible to discriminate against a customer, and they generally have low overhead, and high profitability, (If done right). But the trick is to do it wright. I want to give you some homework.. Or at least some things to think about.
What types of people, what type of money would need <–(keyword) these types of models, there is demand for all themes. But most need a meme or a niche attached to them to target a certain group of money.
The stock market is great. Only if you don’t need it.
Why do I say that?
The first reason is; the stock market is truly un-predictable. with QE unlimited technical trading is just about useless for the short term and day traders. So then what’s left? IRA’s and aggressive growth accounts. Both I think are really risky, with the rate of inflation, the stock portfolio has to grow at least at the rate of inflation to break even. You are starting with a limp leg, and I highly recommend against it unless your just as comfortable wiping yourself with the money you are prepared to invest in the stock market.
Now, there are several other ways to make money work for you, Unless you have massive amounts a savings account with modest interest just won’t work. Heck I think your better off opening.
If you want to invest I say… “why not invest in yourself”? Buy education, buy property, something to directly to increase your net worth alone. Now, there is work involved with both, if you buy apartments (property) you have property taxes, maintance and unpredictable expenses. That’s why the great bank in the sky commanded insurance. To protect you from those things.
But I personally recommend education. Why? It’s mutually beneficial to were ever you live.
I really hate mandatory education. It’s a waste of my time, because it has no intrinsic value, aside from function ability in society. But education for recreational use, has a very different place in my heart. Grannite whenever I start a company I have a lot of learning and research to do, and yes its annoying, but for me, it’s also fun. I’m fond of delving into the psyche of money, it’s a fascinating substance.
HI, my name is Zach,
Who am I intending this website for?
When I was a kid, I wanted to find any and every resource I could to make money. This website is geared for those individuals who are either in highschool, college, or middle school to give you ideas, inspiration and a map to making money for yourself. And not at a job making someone else rich. In the Future I’m going to release three products all geared for a profit making entity.
So, if you think you got what it takes to stay motivated, I can promise you make your money, and teach you skills that will gain you even more money as time goes on. If you stay, I can make you a competitive force that really helps you.
Thank you for reading
Well that’s a good question, my name is Zachariah Logan, I’ve been working full time since I was 12 years old, and have done a few impressive things.
When I was 16, I was making so much money at my job I dropped out of high school, to make even more money. Foolish right? I now think so.
But after I dropped out I got my GED, and got a full ride scholarship to UNM because of my SAT and GED scores. I felt pretty smart after doing that. Later I learned that a 17 year old freshman in college is not as fun as you might think it is. You literally have to go to school, that’s all you can do. I couldn’t partake in the really REALLY fun parties that I would have been in if I was a little older. I couldn’t go clubbing, I couldn’t do a lot of things.
Also, a 17 year old in college there is a significant maturity gap, and now, if I could change the past I would tell myself, Zach, yes your smart. But you need to slow down, your simply too young to have the full college experiance, relax and enjoy whats left of childhood.
So, I later dropped out to start my own business. It as done relatively well, but It’s a lot of hard work. I own several companies, and am about to open a new one. My net work is over 4.7 Million dollars, and I think that I have been very very blessed in my life.
Now, what authority do I have?
Well, like I said earlier, I own several business. The first one is an Industrial Refrigeration company, which is make a little bit of money. I own a small specialty store in Albuquerque New Mexico, and a retail outlet.
Those together have given me enough experience to share with you what I have learned.
The truth is, if you are ready to begin the real path to wealth, then I suggest you subscribe to this blog. Like I said, I’m not going to give you some hogwash story about how to be a millionaire, but I think you could learn a thing or two from me. I really hope you enjoy it
Hi my name is Zach, I’m 20 years old. And I’m a little late in the game for this topic huh?
So, let me start by saying you should thank yourself for finding this site.
I’m not some Money Making Guru, who’s going to tell you the secrets to becoming an overnight millionaire. (well I lied, the secret is get lucky)
But what I am going to tell you, is I see a need for my opinion.
Far too often I notice the youth of my generation grow up spoiled. Do great in highschool, go to college, graduate and have no idea, of what their services or ability is really worth. Not that I’m going to put anyone down, but what I want to do is make a product that can teach everyone some simple life skills, to guarantee that they will always have enough money for food, or a soda, or some simple pleasure that makes America Great!
What inspired this?
The Homeless man-
When I was 15, I was working at a bird store. (which will remain un-named) but when I was 15, I was a hard worker, I was doing great in highschool, and I new the value of a dollar.
I worked for a great boss, who was more of a mother to me, who taught me so many valuable common sense things, that I think there is enough to make a blog about it. But before I get distracted.
Let me tell you the story of a homeless man named Kelly.
Kelly was a homeless native American who lived on the reservations in New Mexico. He loved getting intoxicated, he had a problem with it.
But this is not an intervention blog to help people cope or deal or solve substance abuse. Let me tell you about the day Kelly was fired from this really easy job.
Well my boss had been buying Kelly lunch everytime so far he had come into work. She had a “share the wealth” approach that I would like to say I’ve learned how to do a little to well. ha Ha. Well this particular day, there was no more money to buy lunch and pay everyone. I volunteered (I took pity on Kelly) to buy lunch for everyone. But I had enough to get everyone some sandwiches. A generous customer who was enjoying her visit with her birds, offered to buy soda’s for my boss, herself, and I. I was really happy at the Idea. So I go pick up lunch and come pack with a few bags full of sandwiches and some sodas.,
Then we invite kelly to join us in our wonderful banquet, but theres a problem. HE didn’t get a coke!
Offended he begins cursing, yelling, and really upsetting the birds. I offered him mine but he refused. He was mad at my boss for not buying him a coke.
So, she then fires him. After he left, she said to me, “Zach, if you party so hard at your age, that when your 50 you can’t afford a simple beverage for your self you made some pretty big mistakes.”
I took that to heart, that had changed my whole perspective on life and money. I no longer looked at money as this immortal being, but as a simple representation or liquid credibility you have.
So, that was my first lesson on making money what was yours?
IF you are still reading by this point let me tell you how to get rich.
Work hard, save smart, and have fun. If you can master those three things your financial woes will be no more. That’s a promise.