Couch Potato Cash

Here are my multiple income streams. This is my philosophy of diversification. Not bet the farm on one profession for the rest of your life!

I've ordered them from highest paying to lowest paying.

  1. Own stocks which pay large dividends. Dividend payouts vary month to month, but are rarely under $200/month. Ticker symbols CEFL and REML
  2. Selling calls and puts. This income also varies month to month, but rarely below $70/month. Currently selling puts on ticker symbol WEAT and covered calls on BOIL and NIB.
  3. Swagbucks  Search the Internet. Get the daily code.  Move on to the passive playlist videos.   $12/month Amazon Gift Card or $25/2 months PayPal.
  4. EarnHoney Just watching the videos passively gets you 30 cents per day. $9/month PayPal.
  5. App Trailers Use this smartphone app to do the daily free scratch off.  Also run the videos at the top (5 points but they run w/o user intervention).  $5/month PayPal.
  6. QMEE  Paid to search for products using Google, Yahoo, Amazon, and eBay. Get the browser plug-in. Fast payouts. No minimum for cash-out.   $2.00/month PayPal.
  7.  STEEMIT (A social media platform that pays for up-voting other posts or authoring your own). Playing this just in case cryptos go mainstream. Convert to bitcoin, then cash-out to USD.


Fixing The Economy IS Easy

Social Security
Means test benefits. If you made twice the median salary in your last 5 years of employment, you  get reduced benefits.
Eliminate the income limits. Why should you stop paying in just because you made more than $106,800? There are no income limits on medicare.

Revenues
Legalize and tax marijuana. That may be $40 billion to $100 billion in new revenue!
Legalize and tax sports betting. Although only 35 states currently allow "gaming", that number is sure to grow. Adding $50 million to a state budget will help to eliminate the need for federal dollars.

Economic Growth
A natural gas based economy. Get fleet vehicles and 18 wheelers running CNG. Get Detroit making those vehicles. And export LNG to other countries (USA natural gas is $2.76 but it can be liquified and sold much higher.

Homeless
Make shuttered schools into shelters. They have showers, gyms, bathrooms, cafeterias, computers, and plenty of room for beds. Laid off teachers can re-train these folks in the Cheapo Groovo system, which has no layoffs or outsourcing.


The Best Tax System

0%.

Did you know that we had no federal income tax until 1913 and no withholding until 1943. So what did we do until then to operate?

If we need a system, it should be a flat tax on all income (including passive income such as capital gains, dividends, MLP distributions, etc.). We could make the rate 35% but exempt the first 30K of income (the yellow line).

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Get Your Money Out Of Banks & How To Hide It

Banks are going to charge you to make deposits. Banks keep merging and closing so you have few local choices. And banks are giving states access to your safe deposit box to remove everything.

So keep your money where you can get it but thieves can't!

There are some bullet proof ways to hide things outside your home on your property so that your money is hidden safely from others. One method is called “cache tubes” (pronounced “cash-ay”). Using cache tubes involves getting some 6″ to 8″ PVC drain tubing several feet long, with two threaded end caps. Your stash can be placed in several plastic baggies, and then the end caps can be epoxied in place, or sealed with extreme pressure wheel bearing grease, both of which are also available at your local hardware store. Use a common pot hole digger to create a good hole to bury the tube. If you are burying money, make sure it is wrapped in layers of zip lock bags and throw in a silica pack from the inside of vitamin or supplement containers to avoid mildew or similar smells.

Another way might be to hide things in hollowed out legs of patio furniture, or metal garden furniture legs, or even the hollow legs of a child’s swingset, or fence post. Again, put your valuables in several layers of plastic baggies.

The kitchen has some of the most accessible, natural hiding spots. Take for instance a large flour bin; your goods could be hidden in baggies and buried deep within. Or take an old packaging from frozen food and place your goods in there, and then re-glue the box. Hide that deep in the bottom of your chest freezer.

If you have those sectional plastic shelves, you are in luck, as they have hollow parts as well which are perfect for hiding small items.

If you have some ducts, you could put things in them that are not sensitive to temperatures. Use a string tied to your valuables so that you can retrieve them.

Another trick is to hide the goods in a dummy VHS tape and labeled “Aunt Jean’s Wedding” or something to that effect.


The Best Sharing Economy Ideas

I like to make money on things I already do or already posses.

Being a glorified taxi driver (Lyft or Uber) doesn't do much for me!

 Why not just rent your bike, surfboard, or skis

Put up a tent in your backyard and rent it (great for cities that have lots of big events/concerts in the summer)

Folks always need tools, why not share them

And your car sits in the garage/driveway for at least 14 hours, rent it. RelayRides or Getaround


Get Cold Hard Cash and Help Your Fellow Man

  • Check out The Hair Trader if you are interested in selling your hair.
  • U can earn up to up to $135/month donating plasma. To find a blood bank near you to sell plasma, go here or here
  •  Call your local fertility clinic to inquire about selling eggs or sperm.

14 Ways to Preserve Food

  1. Try lining your refrigerator's crisper drawer with paper towels; they'll absorb excess moisture and keep your vegetables from rotting
  2. A bay leaf in a container of flour, pasta, or rice will repel bugs
  3. To make cottage cheese or sour cream last longer, turn the container upside down -- this creates a vacuum that inhibits the growth of bacteria
  4. If you're unsure of an egg's freshness, put it in a cup of water; fresh eggs sink, while bad ones float
  5. Store fresh herbs (washed and sealed in plastic bags) in your freezer. They'll stay fresh for a month and defrost instantly when you want to use them for cooking.
  6. Make limp celery, carrots and radishes crunchy again by placing them in a bowl of ice water with a slice of raw potato.
  7. Spread butter on the cut side of hard cheeses to keep them from drying out in the fridge.
  8. Put rice in your salt shaker to absorb condensation and keep salt from hardening.
  9. Store your butter in the freezer; it will keep fresh for up to six months.
  10. Corn should be refrigerated while still in the husk to stay fresh the longest.
  11. Citrus fruits can last up to two weeks right on the counter.
  12. Garlic and onions need to be stored in a dark, cool pantry, where they will stay fresh for up to four months.
  13. Berries keep the best when refrigerated unwashed in their original container.
  14. Asparagus should be stored upright in the refrigerator in a jar in an inch of water.

Camping / Living in a Prius

We moved to a tiny house in 2015 and got rid of the tent, portable toilet, and other camping gear. I thought we were done with primitive camping until I was inspired by the videos below.

Tried it out this past week (1 private campground and 2 national park campgrounds) and it has more benefits than costs! Little setup or tear-down. Bad weather like snow doesn't collapse the tent or freeze us all night long. Prius acts like a power generator. Music in the car does not affect the neighbors. Inspires others to think outside the box. Can arrive at your site later and can leave at checkout. And no worries like you have with an RV (fuel costs, tricky roads, grey water).

https://www.youtube.com/watch?v=89dqnJn3fUg
https://www.youtube.com/watch?v=W86B-6BHrJA


Alternatives to Trumpcare and Obamacare

General Insurance Coverage:
Join a health care sharing ministry. These are voluntary, charitable membership organizations that agree to share medical bills among the membership. Samaritan Ministries, Christian Healthcare Ministries, and Christian Care Ministry. They operate entirely outside of Obamacare’s regulations, and typically offer benefits for about half the cost of similar health insurance. Members are also exempt from having to pay the tax for being uninsured.

Critical Illness Coverage:
Acts like an insurance policy if you have kidney failure, heart attack, stroke, etc. I'd get the highest benefit amount possible.http://www.ehealthinsurance.com/critical-illness-insurance

Accident Coverage:
You should max out your medical and uninsured/under-insured driver coverage amounts
under your auto insurance policy, which can pay medical bills if you are hurt in a car accident.

Concierge Medicine
Contact local doctors and see if they offer services for a monthly fee. In my area, $60 gets 24/7 access.


Governing Downside Economic Risk

A governor, or speed limiter, is a device used to measure and regulate the speed of a machine, such as an engine. I have taken that concept and applied it to finance. You put in place a governor that limits the speed at which you could potentially lose money.

Here is how I apply it:

  • I do not buy disposable products. Why throw money in the garbage?
  • I place stop loss orders for every stock/ETF I own at 4.5% below its cost basis. My upside is not capped but my downside is.
  • I use alternative income streams rather than bet everything on a single business venture.

A great way to get free products

Readers may want to check their local thrift stores. Near my town, a thrift store called Caring and Sharing offers volunteers $4 of store credit for each hour volunteered. You can accumulate hours to save up for the item you want.

The work entails placing donated items on shelves and putting a price sticker on them.

Looks like we will be getting a free crock pot!