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Thursday, 10 July 2014

I Need More Money (Part 17) - Quick Money Making System

This Post is Part 17 of the 20 Part Mini Series on how to earn more money. These posts were inspired by the great readers of the Millionaires Giving Money Blog who kept on asking the same two questions. The two questions were (1) I Need More Money What Can I Do? and (2) What is a Quick Way to Make Money. After replying to a handful of emails I was inspired to think of and share 20 short sweet ideas to make incredible amounts of money. Before I begin all these ideas are legal and legitimate. Using these quick money making systems you can build long term profitable business systems which require little maintenance. I really believe in these ideas and there are people who are earning six to seven figure incomes every month. Depending on how much time, effort, tactics and tinkering thinking you use you can earn anything between $100 and $10,000 per month within a year. So without further ado here is IDEA 17.

IDEA 17: Make Money on the Stock Market: Earn 10,000 Per Month

The stock market is a great place to earn money. 90% of people fail because they do not know what they are doing. There are people earning in excess of 10,000 dollars per month trading options on the stock market. A very inspiration women called Teddi Knight earns in excess of 10,000 dollars per month selling options on large blue chip companies. Her blog is called Fully Informed and she has been using the same system for 30 years generating profits every year.

The system requires a through understanding of stock market history. A thorough understanding of solid blue chip companies such as Coca Cola and AT&T. You also need a thorough understanding of trading options and in particular selling put option. The system works by selling puts on strategic prices or support lines where the stock has little chance of reaching. When selling put options you receive a premium and when the assignment does not take place you get to keep the premium. When you are assigned you can sell covered calls to get out of the position. This is a fantastic system which I use and I have generated up to $1000 per month. 

If you need to earn more money then this system is definitely worth considering. You can make money using this quick money making business system however you must be disciplined so you never let your emotions lead you astray. This is one system where I want to develop my skills because the stock market will be around forever and understanding how it works will help me make profits over the long run. 

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