Archive for June, 2009

How Much Money Do I Need to Retire?

Thursday, June 18th, 2009 | Other/Random, Ramblings with 13 Comments

how-much-money-do-i-need-to-retireI thought about this the other day: how much money do I need to retire? Technically, even if I had all the money in the world, I probably wouldn’t “retire” but just take it easy. I would still work and do my online stuff but again, I would take it easier. But let’s just ask it for fun, how much money do I need to retire?

Well, given the fact that I don’t have my own house yet, haven’t finished paying back my student loans or have my life situated the way I want, I would need a lot of money. But we can’t all win the lottery… and even if we did, how much would actually be enough?

This is mainly food for thought to see how much you guys would actually need to be comfortable for the rest of your life.

I know everyone is a different age, have different needs in their lives and so on, but I figured I’d just base it off someone that is in their 20s or even 30s that is looking to retire extra young. Most people don’t retire until mid 60s but all of us have the dream of retiring when we’re young so we can enjoy things, right? Well, let’s get into it.

Say You Won the Lottery

Say I won the lottery, how much money do I need to retire? I know everyone plays differently and the jackpot varies depending on what game you played but say you won $35 million dollars (current estimated cash option for the Mega Millions), could you retire off of that?

My answer is yes. If I were to live happy without having to think about money, I’d say $100k yearly would be good enough to be comfortable. Now, with $35 million, that could last 350 years of my life. Plus, I’d have enough to purchase a new home, pay for all my expenses (foods, clothing, all types of insurance, cars, luxury items, etc).

Now my goal used to be to aim for something much much lower, maybe $250,000 but I definitely couldn’t retire off of that, just take an extended break.

Making a Living Online

A lot of people try to work from home full-time but do you guys plan on doing that for the rest of your life? And what if you made John Chow type money (like $30k-$40k monthly), or a super affiliate (we’ll say probably $100k monthly), how much would you need to save up before you officially retire young?

In my calculations, I think $6 million would be enough to retire. Based on $100k yearly to live comfortable, you could 60 more years without worrying too much about money.

If you made John Chow type money, you would probably need to work for 16 more years. And if you were a super affiliate, you would probably need to work for five more years.

Then again, if you made that type of money working online, I’m sure you wouldn’t stop if you hit the $6 million goal.

Working a Day Job

If you work a day job, more than likely you won’t be retiring anytime soon. Typically, the average person makes somewhere between $40-$50k yearly. Based on my $6 million retire numbers, that person wouldn’t reach that in their lifetime.

Matter of fact, most people won’t ever make a few million. But then again, most people won’t retire early.

So, how much money do I need to retire? Well, everyone has their own set amount but I just ran through how much I would need. Again, just food for thought if you ever needed to try to calculate how much you would have to save… realistically.

Anyways, what do you guys think?

900 Subscribers Reached!

Tuesday, June 16th, 2009 | Other/Random, RSS Feeds, Ramblings with 9 Comments

900

I know this isn’t a really big significant accomplishment but it is one nonetheless. I managed to reach 900 RSS Feed subscribers which is just on the stepping stones of hitting that century mark of 1,000.

I’m sure a lot of you guys are wondering how I managed to get this far. And honestly, there’s nothing that changed with my methods. Matter of fact, I’ve been promoting this blog a lot less so my traffic has been down quite a bit but surprisingly, my RSS Feed numbers just continue to climb.

A large part of that is simply the fact that a lot of people subscribe because they want the password to my $100/day from Adsense because most people still have no clue on how to make Adsense money so everyday people are trying to find out my method.

I know for a fact that a lot of people subscribe for the wrong reasons but I’m not stupid, a lot of people unsubscribe soon after they receive the password. And people wonder why I don’t send out the passwords immediately after people subscribe… because they’ll literally be a subscriber for a whole two and a half minutes.

Don’t worry to those of you guys that keep e-mailing me asking what the password is, you’ll get it. I’ve been sick and haven’t been checking my e-mails as much but you should receive it by the end of the month at the latest.

Anyways, I just wanted to celebrate a little bit on my accomplishment. Once I hit the 1,000 RSS Feed Subscribers mark, I will have a contest. And don’t you guys worry, if you’re already subscribed via e-mail, you are already entered to win whatever I choose as the contest prize(s).

So, stay tuned for the upcoming contest. The sooner I hit 1,000, the sooner you’ll see a contest. FYI… I know how much everyone loves blog contests!

Where Have I Been? – Out of Work Sick!

Saturday, June 13th, 2009 | Other/Random, Ramblings with 10 Comments

I’m sure some of you guys have been wondering why I haven’t updated with a new post for over a week. Maybe some of you guys have questioned why you haven’t heard a response back via e-mail from me. Maybe some people just haven’t seen me on any sites or on any instant messengers. Well, I’ve been extremely sick and I’m just starting to feel a little bit better.

It actually started last Friday when I started feeling weird. My body was aching, I was burning up in temperature, I felt chills, etc. I didn’t think anything of it so I just filled myself with a bunch of medicines and went on my way. Of course, a few hours when the medicine wore off, it was back to square one of feeling like crap.

I did some research and I honestly thought I had the flu. And because the flu is so serious, everyone put the thought of “swine flu” in my head. But for some reason I knew it couldn’t be that.

I went to webmd and saw all the symptoms I had that included (but not limited to): coughing, vomiting, fever, chills, etc.

Naturally, that’s what I thought I had but I had to go to the doctor’s to make sure.

When I went, they gave me the test for the flu. For those of you guys that have never had this done, they basically stick a long q-tip up your nose. In both nostrils as well!

So, tests came back negative and they were still trying to figure out what was wrong with me. Someone thought it might’ve been a viral infection but the conclusion was me having “early stages of pneumonia.”

Hey, I have no idea. And honestly, I could careless if they were wrong, just as long as they made me feel better, I’d be all set. Well, they prescribed some expensive pills to me to take for the next five days and I’m currently half way through them.

I just wanted to keep you guys updated and now I’m slowly but surely making a recovery. I fell behind once again so please, just work with me here!

How to Make Adsense Money

Thursday, June 4th, 2009 | Make Money Online with 28 Comments

How to make Adsense money

How to Make Adsense Money – Ever since I started my online entrepreneurship a few years ago, I’m constantly seeing how people struggle to make Adsense money. Well, I decided that I would go into some details on how to make Adsense money the easy and the hard way.

Before I get into the various ways on how to make Adsense money, you can make a lot from the technique I have on the $100/Day from Adsense but a lot of people seem as though they don’t want to work hard for the money.

But the method is already proven by some of my readers including one that made $2,000 in one day as well as someone who tried it for the very first time and made $19 on the first day.

Anyways, let’s get into various techniques on how to make Adsense money, shall we?

Automated Blogs

Remember when I wrote “Automated Blogs for Adsense”, well, that goes into some details on how to set one up and what to avoid when doing so.
I tried it out and probably made a few dollars here and there but I think it’s a little unethical and I felt in the long run I would get in trouble so I stopped. But if you want to try it out for yourself, check out that post.

Small Niche Sites for One-Time Setups

If you have been a reader or subscriber of DatMoney for a while, then I’m sure you know that I set up a bunch of small niche sites on a one-time basis and just leave it there to accumulate Adsense earnings. I wrote details on how to build a niche website and I still do that.

I basically create a bunch of them and just let it sit there and gain earnings. I rank them in search engines for a particular keyword and just watch people come and click away.

Now some of the websites don’t do as well as others. Some only make like $10/month while I have others that make up to $100/month. I know that doesn’t seem like much but say I have 10 websites setup making an average of $40 between them, then I’d be making $400/month continually and I don’t have to touch the site ever again!

High Paid Keyword Sites

You know there are a lot of high paying keywords for each individual click out there. And just because they have lots and lots of competition, it doesn’t mean you still can’t compete.

For instance, we all know how overly saturated the make money online niche is but quite frankly, you don’t even need to rank on the first page of search engines to make money. I know you probably won’t be making thousands every month but I set one up and I barely touch it and I make $20-$100 monthly. This is also with very, very minimal traffic. I mean, the site probably gets like a few hundred visitors each month.

There are a bunch of ways on how to make Adsense money, you just need to have an open mind and actually work on it. I just gave you three good ways on making Adsense money and two of them are somewhat automated. Now you can always subscribe to get the password to the $100/Day Adsense post and you can get a very easy way of making money with Adsense but you just have to actually work. But it’s not hard, just sometimes time consuming.

Anyways, if you have any additional ways on how to make Adsense money and you want to share it, feel free to add a comment! And if you have any questions, leave one and I’ll try my best to answer you.

Full Tilt Online Poker: My Tournament Finish Out of 9,773 People

Monday, June 1st, 2009 | Make Money Online, Other/Random, Ramblings with 17 Comments

Full Tilt Online Poker

I don’t know how many of you guys play poker, particularly with Full Tilt Online Poker but if you do, then there are plenty of ways of making money there. But I’m not here to tell you exactly how to, but rather why I like to play and where I finished in this big tournament I was in over this past weekend.

If anyone wants to join me for a game, I play at Full Tilt Poker and the main reasons why I like to play there is the fact that they have No Limit Cap Game Tables. For those of you that have no idea what that means, well, it’s basically a table where you can bet as much as you want until it hits the “cap”.

For instance, if you sit at a $0.50/$1.00 NL CAP table and you decide to go “all-in” the most you would be putting in is $30.00 max. So, you could sit at a table with $10,000 and go “all-in” and only put in $30.

This is a good and bad thing. For most poker players, they hate any cap games because they feel No Limit should be exactly that – when they sit down at a table with $10,000 and push all in, they’re putting up $10,000. That’s just part of the game.

The good thing is the fact that if the best starting hand (pocket aces) is dealt to you and you go all in and it happens to get cracked by 27 off suit (worst starting hand) then you’ll only lose the $30 and not $10,000.

Okay, well, I’ll stop boring you with that. Let’s bore you with my tournament results.

I actually wanted to get into a tournament that was $750,000 guaranteed with first place taking a little over $132k but last week I lost and didn’t finish in payouts so I took a break from that.

The one I played this past week was $200,000 guaranteed with first place taking in $32K. Unfortunately, I didn’t come in first place. Matter of fact, I didn’t come in second or third either… shoot, I didn’t even finish in the final table!

The tournament started with 9,773 total players which was crazy as hell. I actually played a satellite tournament with a buyin of $2 and finished first to get into this tournament. And when I played, I had some luck on some hands but for the most part, I played pretty tight. I just wanted to finish in payouts and once I did, I just was trying to move up on each payout range. And this is where I ended up…

I actually just finished short of the final table and eight hours later… I placed 14th overall. But I did better than I expected and finishing 14th out of 9,773 is pretty damn good. Unfortunately, I didn’t end up with $32k but only $1,200. That’s not too bad taking $2 and turning it into $1,200, huh?

It’s crazy because I spent 8 hours in this tournament but if you think about it, most people wouldn’t even make this in a week at a full-time job. So, my accomplish was pretty good.

Anyways, I just wanted to share a mini-accomplishment that took place online with you guys. And if anyone is interested in playing poker online with me for fun or for money, let me know and I’ll be there! Maybe we’ll teach each other a thing or two!