Social Networking That Pays

Social Networking is one of the best methods to expand friendships and knowledge about the world around us. You do it everyday you go to work, shopping, vacations, golfing, gyms, and of course the Internet . I know many of you have heard of Myspace and Facebook, now there is a new one on the block with all the perks that both of those juggernauts of social networking offer. It's called Yuwie a social network site you may not have heard of yet but a site I will be talking about for some time. Yuwie is a place where you can invite your friends or even people you have met on Myspace or Facebook to join. What's different about Yuwie is that it pays you for doing the same thing you would be doing on both those to popular sites. You know how they make money is by the ads on all those sites so they usually pull in about 20 million per month. Yuwie will pay you some of that revenue. I am not going to explain how they are doing it if you want to know click on any of the Yuwie links but one way is through referrals. This is a great way to earn a passive income, if you have read some of my other posts.

How to Start Earning Passive Income II

In this post I would like to share a couple simple ways to turn the money you saved, from my last post "How to Start Earning Passive Income" with you.

1. Every time you build that saving account up to a thousand think about open a six month or twelve month CD with your bank this way you can earn a good return on your savings. You can also start overlapping or CD's so that when one is maturing you can have one starting again every three month. Should you have an emergency you can take out those funds if needed.
2. The other way to earn or save is with a Roth you can fund your account up to it's limit per year. The downside is you can't use it until you are ready to retire unless you are willing to take a tax hit.
3. Try combining these two Ideas or test what works best for you.

If you have read this and you have any suggestions for reader, please leave your comments or tips.