Favorite Hustle revisited......

If you are a reader of this blog, you know that my favorite Hustle is trading penny stocks. I use a combination of fundamental and technical analysis and have developed a certain level of skill which has allowed me to make some very profitable trades. I really enjoy learning about various companies and forecasting their short-term prospects. So much so that I'm launching yet another blog called - BlueCollarStocks.com- which will focus on one stock each week that I feel has the potential to return outsized gains within the next 2 to 6 weeks. I hope to have BCS online by July 1st but until then my current pick is IGNT.PK which is trading around 0.0110 and would be a great stock to add to your hustle portfolio. Back in May I recommended SPNG.OB to the readers of this blog at .0216 per share and it hit .280 earlier this month, each $100 would have fetched you a nice $1296. Now that's hustling up some money. If you're new to all this and need to sign up with an inexpensive but professional broker, my recommendation has changed from Zecco (which has raised the minimum account balance to receive the best benefits) to TradeKing which is the first brokage I ever used because of the $4.95 flat commision. You can start your account with any amount and build it on a monthly basis.
As for this blog, I will continue to investigate any and every money making opportunity that cost little to start and can be operated on an extremely part-time basis. Hope you are taking care of business and keeping a postive attitude.......keep up your hustle!

In these economic times, develop your hustle focus......

As the number of days we have been in this economic funk continue to mount, I feel both a sense of excitement, thinking of how a floodgate of opportunity is sure to follow, and a sense of loss because I could have been so much better prepared to profit from this correction. I will come out of this in a better position, but some people will really clean-up such as people who recently became real estate investors. When I look at some of the bargains in the housing market today, I am amazed that people are still so cautious about buying their first home. Not to mention the tax credit! If your a true hustler and fit in this category, your main focus should be to acquire one of these properties.

As for me, I have focused my efforts in order to make the most of the opportunities this economy offers. My main hustle now is the varied stock markets I invest in using mt Zecco account. The Forex hustle was very promising, but a recent rule change prohibiting "hedging" has moved this activity too close to outright gambling for me. If you are into the stock game too, check-out my current favorite penny stock: SPNG - as of today they are trading at .0216 and have a great marketing program designed to make the company a household word. To be honest you can hardly go wrong investing in the market today. As long as the company fills a need and you believe they will be in business five years from now, you'll likely make money.

At any rate, my main message is to stay positive and active as a hustler but limit the number of projects you undertake until the monetary system recovers fully. Become a specialist in those areas and your success is practically guaranteed.

Summer of opportunity...........

I have had this feeling lately that our current economic woes have reached the bottom and a big turn-around is coming sooner than most think. Yes- I've been hit hard in my, shall we say - "hustles" by this gloomy atmosphere, most notably my stock portfolio is down big-time. Of course this isn't so bad because I can afford so many more good companies these days and I hope their stock values will bounce up with the recovery.

The main thing I feel now is a sense of urgency to get myself in position to benefit before the end of this coming summer. If you're looking to buy a house or car this is a great time.....this goes for us hustlers too. Many people are looking to save money and will give your service or product a try if it's good quality and cheaper than their current supplier. I mean even the big customers that wouldn't normally let you in the door are open to change. These customers can be acquired now during the downturn and if serviced right will stay customers long after the economy has recovered. One place to look is selling to the Government. Thousands of purchasing cards are in the hands of these workers and if your product or service cost less than $2500 they need no approval or bidding process to do business with you. These selling opportunities aren't advertised so you'll have to do some research, but if you're selling something they need at the "office" level you could get an excellent customer who will always pay on time.

Just some thoughts on what promises to be a heck of a year to be a Hustler. Remember we are stronger working together, so if you can partner on some projects with other hustlers do so. I'm hooking up with some of my co-workers that run a concession stand on the side. Any time they need a third man/investor to service a large gathering, I'll pick up the extra hustle bucks! -Of course.

Update on Forex hustle...........

I have mentioned before that I've begun to dabble in trading currencies on the Forex market. Since my stock market hustle has stalled out right along with the economy, I am allocating most of my trading capital to my Forex account. I thought learning to trade stocks was fun, but this is so much more intense. The Forex market trades 24 hours a day, 5 days a week and half the fun is watching your profit (or loss) change in real-time, second by second. It only takes $25 to start an account, but I recommend learning with a free demo account first. You'll use imaginary money but everything else is real. By using the demo account and watching the free educational videos you'll become comfortable enough to open your real account. I currently use FXCM as my broker because of their excellent trading platform and the low $25 initial deposit. They take Visa/Master cards as well as other forms of deposit, so you can jump on a trade pretty quickly if the timing seems right. As the educational resources will tell you: always place a stop loss order when you open a position and you can manage the risk involved. Since these accounts allow a pretty high rate of leverage, each $1 can control up to $400 during a trade, money management is a key skill to learn. Of course Hustlers like leveraging money, it's one of the golden rules of hustling. I know this seems like a white collar hustle but check out the free training, open a demo account and you'll agree that you can hustle up some good money if you stick to the trading strategy you formulate as you learn. Here's a link to a video showing how to trade directly from the FXCM trading station charts: https://admin.acrobat.com/_a205571165/p10381296/

Along with keeping a position in the stock market, this should be one of the online hustles you consider as a long term - high potential hobby.

Have you been impacted by this "Economic Slow-Down"?

I have to admit, I never expected this "crisis" to get as bad as it has. Maybe it's the way I was raised. My family was very pro small business. I remember working at our family business at the age of five or six and both of my parents had sideline businesses outside of their regular jobs. It seemed to me that America was blessed by God and we had a system that was built upon the strength of each person working to improve his life.

I was a true believer. The first clue I had of how fragile our nation is came with the 9/11 attacks and the resulting economic ramifications. Evidence continued to mount with the Hurricane Katrina response and eventually forced me to face the truth with this latest disaster. I now realize that our country has become a victim of what I call the Management Mentality. We manage things that should be unacceptable or things that can't be managed. "That lady they attacked was in the wrong place, she should have known better or locked her doors". "Of course they took your money and gave you a bad deal, that's what companies do". Thinking like this causes a slow but steady degradation of society. People who commit horrible crimes are sick or evil.......period. We need people who run companies to be responsible for the welfare of their employees and customers. Teachers for their students, parents for their children.

I know that this thinking is thought to be a way to control people that don't fit in a neat little "family values" lifestyle, but what's the alternative? We as Hustlers depend on directing our time, money and energy at activities designed to create value for others which result in profits for ourselves. We don't necessarily need a level playing field, but we need SOME kind of field to play on. Right now too many people are afraid to play the game. Trying to manage areas best left to faith or chance.

"If you can't take a little bloody nose, maybe you oughtta go back home and crawl under your bed. It's not safe out here. It's wondrous, with treasures to satiate desires both subtle and gross; but it's not for the timid." -- Q (Star Trek)

Hustlers, don't sit on the sidelines, we know when you play you might loose some games. But those that never play, never win.

Sorry for this "dark" post. I am usually a very positive person, but it seems like so many people are confusing opportunity with risk these days................makes it hard to hustle!

For your hustle to work you have to work your hustle...

A few of the readers of this blog work with me at my day job and have become involved in some hustles themselves (most notably the excellent opportunity to buy stock in companies that will profit when the recovery is complete), however some of the bigger hustles are harder for me to "sell". The one I really love is marketing on the web. The potential is unlimited and the financial investment is very small. The downside is the huge learning curve that can discourage even the most motivated hustler. I've tried to present the SBI program as a easier way to develop a web presence while simultaneously learning almost all you'll ever need to know about marketing on the web. Problem is that even this excellent program can't guarantee success. You'll have to work at it (mostly by reading and thinking) until you learn enough to make the right decisions for your business.

I challenge you to do that work! Grab a copy of The Affiliates Master Course for free. Skim through it and you'll realize that if you study it you'll know more than many of the people making a living on the web today. I guarantee it. Plus-did I mention- it's free! Of course SBI hopes that you'll use your new found knowledge and pick them to build your business with (I did), but you'll be able to make that decision with confidence when the time comes. You'll be ready to hustle money online!

Back To Basics- My plan for 2009

As we have discussed before, we are in a very difficult economy and my hustle activities have been curtailed somewhat. This, I admit, is very disappointing because I am determined to achieve financial independence by the end for 2009. Some of the motivators would say I have purposed or set an intention in motion. These intentions, if strong enough, will take us though so many of the inevitable roadblocks any positive forward motion will face. So as we all make our resolutions and plans for the coming year, I hope that you have a powerful purpose for your life. A desire that will buffer you from these economic headwinds. I have decided to pare away some of my non-core activities and focus on the ones that I enjoy most. Right now it's more important than ever for hustlers like us to focus on enjoying the journey and not sacrifice today for some perfect tomorrow.

Please re-read my post on the tools I use to keep myself motivated if you don't have a strong point of focus. I especially recommend the site ToolsToLife.com -the programs they offer are free and will make a positive impact on your life.

One of the important activities I'm focusing on is Blogging. I really enjoy getting my thoughts out where they can be shared with others. It helps me stay on track. So expect more frequent post this year.....a little feedback would be welcome as well :-)

Looking forward to the best year ever...............