The Building Something from Nothing Project

Originally Posted by Catfish Bob

You can start buying stocks and bonds with as little as one penny.

The cans will add up. And I will eventually get to some honey holes I know where I can pull out bags of cans each visit.

No genius behind it. It's going to take sticking with it. Everyday keep adding more.

You may find that time is your most important resource. You can always make more money but you can't make more time. Once a day has passed .... you'll never get it back again. It's gone forever.

Think about how you spend your time.

It's just like spending money isn't it ?

You want to get the most bang for the buck ..... ?

It would make sense to get the biggest possible cash return for your investment of time ...... would it not ?

Time is money.

Just as time is slipping away .... your money is slipping away. There's always the cost to live. It's the cost of owning a car, paying the rent, buying the groceries and so on. You always have some amount of money going out. It's like trying to fill a leaky bucket of water. You gotta keep "adding to" so that the bucket doesn't run dry. It's the Red Queen's race just to stay in one place.

It won't end well if you spend your time foolishly by chasing the pennies while the dollars are flying out the window.

Some jobs aren't worth doing.

Originally Posted by hills

You may find that time is your most important resource. You can always make more money but you can't make more time. Once a day has passed .... you'll never get it back again. It's gone forever.

Think about how you spend your time.

It's just like spending money isn't it ?

You want to get the most bang for the buck ..... ?

It would make sense to get the biggest possible cash return for your investment of time ...... would it not ?

Time is money.

Just as time is slipping away .... your money is slipping away. There's always the cost to live. It's the cost of owning a car, paying the rent, buying the groceries and so on. You always have some amount of money going out. It's like trying to fill a leaky bucket of water. You gotta keep "adding to" so that the bucket doesn't run dry. It's the Red Queen's race just to stay in one place.

It won't end well if you spend your time foolishly by chasing the pennies while the dollars are flying out the window.

Some jobs aren't worth doing.

Im just picking up the cans while I'm out exercising. You must've missed that part. I need to speak better in my videos.

Originally Posted by ChildhoodDream

One thing I learned MANY years ago is that a person required plenty of SPACE to pile up whatever. Space that was paid for in full so you could expand from there.

Renting SPACE is a slippery slope that one has little control over.

Penny stocks are VERY risky and cost about $5.00 on the low end. So that's putting $5 dollar bills into thin air and seeing what the coming storms may bring.

Will the windfall blow your way or maybe somewhere else like Donald Ducks pocket?

Not penny stocks. One can start investing in mutual funds for as little as one penny. Or one can buy fractional shares. If the stock is $100 can buy 1/100 of a share for a $1. I'll get to that part later once I get a little money to play with.

Originally Posted by Catfish Bob

Im just picking up the cans while I'm out exercising. You must've missed that part. I need to speak better in my videos.

It's all good. I could see that you were out walking. Is your friend a Boston Terrier ? He looks like an awful good dog.

I tend to be more about "exercise with a purpose". That's code for work around the homestead like putting up the firewood for the winter in these parts. It's kinda like where my own "something from nothing" project came in.

There's a lot of softwood spruce trees in this area. Storms come through and knock down some of the older trees every so often. I was the caretaker for a few wealthy property owners in the area and was paid to cut them up and haul them off. I would haul off the cut up logs to my yard.

I was not only getting my wood for free ... i was getting paid to take it.

Once here on the homestead ... i split and stacked the firewood for the following winter. The firewood provided heat and hot water all through the cold season here in Maine.

It saved about three grand a year in home heating costs. Better yet ... the firewood in my yard never turned into money so there was no obligation to pay income tax on the fruit of my labors.

I guess you could say that energy is money too. There's only so much a fulla can do in the course of a day so he wants to get the best possible return on his investment of energy.

Originally Posted by Catfish Bob

Not penny stocks. One can start investing in mutual funds for as little as one penny. Or one can buy fractional shares. If the stock is $100 can buy 1/100 of a share for a $1. I'll get to that part later once I get a little money to play with.

I get that approach. You become an investor and have your money do the work for you. This works for some people.

It would be best to look into the fine print on that one. There might be a $ 10.00 "transaction fee" to buy that 1/100th share for a dollar.

https://www.investopedia.com/investing/costs-investing/