Bubblews Is Still Paying Me
By Jim Bauer
@porwest (89977)
United States
October 18, 2020 11:24am CST
Some of you here may remember that old site which was similar to this one called Bubblews. In fact, I am familiar with several people on MyLot today that I actually met there.
Of course, there have been other sites that paid me as well. WebAnswers and Niume to name a couple.
But all of them are gone, of course.
So, the title read, Bubblews Is Still Paying Me. How so, you wonder?
I never spend my online earnings. It's that simple. I save and invest every single penny that comes in from any online venture I do. Be it writing here, or on my blogs, from paid surveys...
It all goes into savings and investments.
And as such, the money any of these sites has ever paid me is still there. AND because that money is invested, all of it earns consistent dividends each and every year.
And so all of those sites that are no longer here to earn from actually are still paying me each and every day.
MyLot may not be here forever. But if you take all of your earnings and save or invest it, all of the earnings you ever receive from this site will pay you forever.
Just something to think about.
22 people like this
21 responses
@porwest (89977)
• United States
18 Oct 20
Thanks. I do my best to keep everything in the black. But investments are what investments are. Luckily, as it applies to me, luck is not as necessary as continuing to understand what I am doing, how to hedge the investments, and protect myself from losses. It works most of the time.
2 people like this
@allen0187 (58582)
• Philippines
18 Oct 20
That is certainly one way to look at it.
Where do you invest your money?
1 person likes this
@porwest (89977)
• United States
18 Oct 20
Individual stocks and ETFs mostly. But I do also keep a significant amount of cash in regular savings in case the you-know-what hits the fan in the markets, as occasionally happens. But even my regular savings are kept in an account that pays higher than average interest.
1 person likes this
@allen0187 (58582)
• Philippines
19 Oct 20
@porwest good that you have your investments diversified.
1 person likes this
@allen0187 (58582)
• Philippines
19 Oct 20
@Marty1 ETFs are exchange-traded funds is a type of investment fund and exchange-traded product. It is many ways similar to mutual funds except that ETFs are bought and sold in stock exchanges.
2 people like this
@porwest (89977)
• United States
24 Oct 20
@flapiz The best thing to do is to research the companies or funds or whatever you happen to be investing in. It helps to mitigate the risk quite a lot. Researching also helps to alleviate the fear factor since having more information before just blindly diving in provides for more confidence that the decision you made is the right one.
I would point out that volatility in the markets is not always a bad thing. It can sometimes provide good opportunities to buy.
1 person likes this
@LindaOHio (177898)
• United States
19 Oct 20
I used to write for Bubblews. I miss the old site; but now I am on a site where I've met a lot of new friends.
1 person likes this
@LindaOHio (177898)
• United States
22 Oct 20
@porwest I got to know more people here than on Bubblews.
1 person likes this
@porwest (89977)
• United States
23 Oct 20
@LindaOHio I think so too. For whatever reason, and I am not sure this is even the right word, but MyLot seems much more "intimate."
1 person likes this
@porwest (89977)
• United States
19 Oct 20
Yep. I think that is where I know you from as well. Some people have changed their names over the years. But I have always been Porwest on these sites.
The money never left, even though the sites did, and I practice the same idea with MyLot. It all goes to savings and investment and not a penny ever gets spent.
1 person likes this
@florelway (23284)
• Cagayan De Oro, Philippines
19 Oct 20
Great. It's good to practice savings and investment, though sometimes it's hard to meet both ends and nothing is left for savings.
1 person likes this
@porwest (89977)
• United States
23 Oct 20
I never believe that. There is always room for savings. My theory on it is that if your income only covers the bills, you are living above your means and you need to make a change. Easier said than done sometimes. But there is NO SUCH THING as not being able to save.
Not everyone believes me though. lol
1 person likes this
@florelway (23284)
• Cagayan De Oro, Philippines
23 Oct 20
@porwest lol that's true.
1 person likes this
@jvicentevalera (13671)
• Santiago, Chile
18 Oct 20
I wonder how much did you save from all those online earning through the years? I am kidding. I am planning on not spending by online earnings for a while to see what I can do with them in the future.
1 person likes this
@porwest (89977)
• United States
19 Oct 20
To be completely honest it's probably somewhere around $10,000-$15,000. Seriously. Back in the day sites paid VERY well. It was good while it lasted, but of course it was not real and it ended. I appreciate MyLot very much for the smaller amounts because I know they have it right and while the front end dollars may not be near as much, the model here is MUCH more sustainable.
2 people like this
@porwest (89977)
• United States
21 Oct 20
@jvicentevalera No. Not annually. Gosh, I wish. Cumulatively. I think I averaged $3000-$5000 a year from online stuff. This period only lasted a few years.
1 person likes this
@jvicentevalera (13671)
• Santiago, Chile
19 Oct 20
@porwest Jesus! It was a lot of money. So you made all that money annually, didn't you? I totally believe you! Back in the day it was worth it making money online.
1 person likes this
@paulobraga85 (833)
• Brazil
18 Oct 20
Is It possible you say to us the your investiments?
1 person likes this
@porwest (89977)
• United States
18 Oct 20
I have many. But my top holdings are in things like Ford Motor Company, BXMX which is an ETF, BP, MO, and others. I look for stocks or ETFs that pay better than a 5% yield. Right now Ford has their dividend suspended, but when it gets reinstated (and it will eventually), it pays out over 6%.
1 person likes this
But of course we eventually want to spend SOMETHING, otherwise what's the point, right?