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If you spend any time around expats Tony Pollard Womens Jersey , the topic of making money will eventually come up. Everyone is worried about how much money they have, how long it will last, and if their pension or Social Security check will ever stop coming.


So some people start looking for ways to earn a little extra money. Unfortunately, there will always be people who fall for “Get Rich Quick” schemes (GRQers).


There’s nothing wrong with earning some extra money, but realize that you’re probably going to need to do a lot of work to learn new skills, and the money probably won’t start coming in immediately.


Online currency trading


I’ve met several expats who’ve bought a currency-trading book, subscribed to a newsletter Connor McGovern Womens Jersey , or bought a computer program, and think that they’re on their way to making hundreds of dollars a day.


They overlook the fact that currency trading is a zero-sum game. In order for them to make money, someone else has to lose money. And many of the people they’re trying to outthink are people who have been in the business for years. Somehow, the nineteen-dollar book, or three hundred dollar program they bought, is going to beat them all.


If you’re tempted to try currency trading, get a trial account that lets you trade with some play money. See how you do there Trysten Hill Womens Jersey , before you start to invest real money.


So far, everyone I’ve known who hasn’t already been trading for years, has seen the balance of his play money account drop drastically. At least that gave them the wakeup call that they shouldn’t start risking their real money.


Buying ranchlandfarmland


Another common investment that expats talk about is buying ranchland or farmland. Everyone talks about how China is booming, and the Chinese middle class wants more meat. If you can just start a cattle ranch, you’ll be rich.


Then they start writing down numbers on a napkin. “I can buy land at $50 a hectare, get a calf for $185, and sell it for $500 a year later. All I need to do is let it wander around the land and eat grass.”


They tend to leave out all the expenses of operating a farm; fencing in their land Taco Charlton Womens Jersey , cutting trees to make grazing land, hiring workers who actually know how to care for cattle, paying for vets, losses from cattle that die, transportation to market, etc.


If you have enough money, and a good deal of experience (or the ability to hire someone with it) Michael Gallup Womens Jersey , you can make money with agribusiness. However, if think it’s just “buy land, buy cows, sell cows a year later, count money”, then you’ve probably been listening to the people who want to sell you some land or cattle.


“Something on the Internet”


This is one that I see a lot of, since I actually do work on the Internet.


As soon as one expat says they earn money “on the Internet” Leighton Vander Esch Womens Jersey , the GRQer will say, “I’d like to do something on the Internet. Tell me how you make money.” Then, about ten second into the conversation, the GRQer’s eyes gloss over and you can tell they’re not listening any more.


There’s a common belief that if you just put up a website, you can make money from it. Everyone knows someone who’s done it. If they just “put something on the Internet”, then the checks will start rolling in, keeping our expat in lobster and Champagne.


One person I know wanted to put ads on their website. However Demarcus Lawrence Womens Jersey , his website had almost no visitors, and there were no relevant ads that Google could display for his site. So he was going to get generic, low-paying, ads displayed for the handful of people who went to his site every week. It would take several years before he would get his first check, since Google won’t send a check until you’ve earned at least $100.


The reality is, if you want to make money online, you’re going to need to work – and work hard. Just because one person struck it rich overnight with his or her idea Amari Cooper Womens Jersey , doesn’t mean you will.


First, you’re going to have to find people who spend money online. Then, you’ll have to get your product or service in front of them and convince them to spend their money with you. All this time, you’re going to be competing against everyone else who had a similar idea and could afford to register a website and get it hosted (which costs less than US$100 for a year).


So, if you’re looking for something to make you money while living overseas, look at the skills you have. Find a market that wants something you can do for them. And, most importantly Dak Prescott Womens Jersey , be willing to work for it.


Read more articles on moving and living overseas.


Orginally published: Living Overseas And The Get Rich Quick Syndrome

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