Do you believe it`s really possible to earn a living off HYIPs etc? I appreciate that the amount required for one person to earn a living is often very different to the next person with individual circumstances rarely being the same.
If you currently earn a living off HYIPs would you encourage others to try making it their main/only form of income?
Well, that's what HYIP (High Yield Investment Programs) mean, hein... I'd rather call them Investment Opportunities myself.
Anyway, I think it's possible, but not really too recommended, it's easy to lose all your money before you learn enough to pick the better opportunities.....
Well, that's what HYIP (High Yield Investment Programs) mean, hein... I'd rather call them Investment Opportunities myself.
Anyway, I think it's possible, but not really too recommended, it's easy to lose all your money before you learn enough to pick the better opportunities.....
You can check the program history age, test the response of wm, check the monitors, servers....
I must agree with Trinary; it is very easy to lose money very quickly as a newbie coming into this arena. Most are full of enthusiasm the money making ROIs proposed by HYIPs, full of trust and naivete. The reality is, there is no room for any of that.
Sorry to be soap in the eyes; but in order to make money, much less a "living" from this 'void', enthusiasm must become diligence, trust - distrust, naivete- knowledge.
Having said that, I do think a 'living' can be made, but even with perfectly planned returns and reinvestments, things happen! Always be prepared to dropback and punt, or put another way, have another plan to recover losses and move forward.
Once in a while though, getting paid on a high risk venture is a thrill; testing your 'zone' is part of growth and can change your whole perspective, in and out.
How much capital does it take & how long did it take
For those of you making a living doing this may I ask how much capital did you start out with or how much you suggest? May I also ask how long it took you to get to the point that you are making a living at this?
Conventional wisdom (if there is such a thing) in HYIP tends to suggest that the more you can start with, the less time it will take to become self sustaining. I've heard many people indicate $10K is needed. However, I tend to believe that if you have those funds to start, without a certain degree of knowledge and sense, a person ends up losing quite a bit and are careless or perhaps lack the discipline to research investments properly, resulting in unnecessary losses.
You can start with any amount... it is a combination of determination, discipline, knowledge and well being that will steer success or failure. As to how long it could take to 'make a living'; I venture to say that depends on what it takes to "live". More is better, but it's what is essential that matters. Reinvesting profits 100% is ideally the fast track, but some money is needed for life while 'earning a living'.
Conventional wisdom (if there is such a thing) in HYIP tends to suggest that the more you can start with, the less time it will take to become self sustaining. I've heard many people indicate $10K is needed. However, I tend to believe that if you have those funds to start, without a certain degree of knowledge and sense, a person ends up losing quite a bit and are careless or perhaps lack the discipline to research investments properly, resulting in unnecessary losses.
You can start with any amount... it is a combination of determination, discipline, knowledge and well being that will steer success or failure. As to how long it could take to 'make a living'; I venture to say that depends on what it takes to "live". More is better, but it's what is essential that matters. Reinvesting profits 100% is ideally the fast track, but some money is needed for life while 'earning a living'.
zen
Nothing more to add to this, well said.
I start myself with 2000$ and really happy with my income right now.
Fix you a goal and make everything to achieve it.
01-07-2006, 10:08 AM
Is It Possible To Earn A Living Off HYIPs?
Get Rich Or Die Trying 
age, test the response of wm, check the monitors, servers....
B E S T 
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