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Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

Monday, August 7, 2023

Dolla Dolla Bills Ya’ll – Samuel Roberts Reporting

Money makes the world go around, right? Apparently, this is not only true for the world we live in outside of Second Life but also the Grid world we all know and love. It seems Second Life is far more than just a video game but its own country with a GDP larger than some countries. Yes, that’s right, with a GDP of over 600 million USD Second life could literally be listed as a country in the range and scope of its free market power. 

The question this reporter set out to answer was “Can you Make a decent Real-World Wage in second life?” I went out and polled the citizens of Second life with this very question on my mind and before I asked, while I was asking and after I Had asked the answer was unequivocally the same, a resounding yes, I spoke to Coders, Scripters, Graphic Designers, Musicians, Artists, Painters, Visionaries, Sim Builders, Breeders, Escorts, Real Estate Agents, and Event Managers. 

The question was so undeniably answered with a “yes” that the question itself began to demand an upgrade. It was Organically morphed into the natural follow up question of “What’s the most and least Lucrative?” This is where the answers became subjective, some people claiming that escorting was by far the most guaranteed long term while others stating that real estate has given rise the grids first real-world millionaires. Close look at the facts reveals that while real estate is the most lucrative on paper it’s also one of the hardest to gain a footing due to the monopoly on the market held by older names that are quite frankly giants in their industry whereas escorting guarantees an average of 20k-100k per day depending on hours per day, that’s up to 400$ USD per day. But others I spoke to claimed that the escorting market was flooded with more workers that clients due to its easy access and lucrative nature. Musicians come in as the idle of the road, descent wage earners with anywhere from 4k to 40k per day depending on your popularity, even your intrepid reporter here himself sits in that category. Sadly, the answers I got for the least Lucrative was overwhelmingly photographers, those that take your pictures and photo shop the magic in to give you that professional look, on average a photography shoot commission is around 5k however rarely do you find a photographer with back logged work, most have it as an uncommon thing except for a few exceptions.

My Verdict: the verdict simply is Second Life is the best kept side hustle secret on the planet, with a few career paths that can be utilized as a main income source, in short, do not underestimate the power of getting involved in the free market of Second Life,  if could turn your income stream in the real world from your 40k USD per year to a healthy 60k per year if utilized correctly and a last thought from your Australian reporter. “None of this is possible with the consumer, is the every man buying shoes, commissioning a portrait, booking a band, renting land, tipping a stripper or buying a rare breed able cat.

Sunday, November 27, 2022

Line of credit vs. Credit card

Line of credit and credit cards are similar types of revolving credit that allow you to borrow a certain amount of funds that you can use for business relates expenses or equipment financing. However, even though they are very similar, they still have their own advantages and disadvantages and a better suited for some purposes than others. 

If you narrowed down your options to these two types of loans, you have definitely made a wise choice, and we are sure you will be satisfied either way. But there are some important differences between credit cards and lines of credit you should know before you make the final decision, and you can find all of them in the article below. 

Line of Credit (LOC)

This is a flexible type of loan. It is a set sum of money that you can use as needed to cover business expenses within a predetermined time frame. The moment you utilize the money, interest starts to accrue, just like with many other types of loans. Although interest rates, or APRs (annual percentage rates), for lines of credit vary depending on the repayment terms, they are often lower than credit card APRs.

LOCs provide immediate access to money and are a fantastic choice for independent contractors, consultants, and people with irregular monthly revenue. To apply for a line of credit, you must visit a physical bank, much like you would for a loan. However, LOCs have lower interest and APR rates when compared to loans. Since many LOCs lack collateral, they can often be funded without it. Make sure to repay on time whatever sort of credit you choose to take on because they can lower your credit score. 

Drawbacks- Lines of credit might not be the ideal source of credit for everyone. LOCs are not tax deductible. Therefore, if you do take one, it would be wise to repay the loan as soon as possible rather than using it as a continuous source of funding. Additionally, getting authorized for a LOC is more difficult if you have little to no credit history.

Credit Card

Personal and business credit cards share many similarities. The main distinction between the two is that the business ones can only  be used for business purposes. A corporate credit card has annual fees and interest rates that start as soon as you activate and use it, just like a personal credit card does.

Similar to a LOC, you can use the money as you see fit, but there is a spending cap. Business credit cards are far more accessible than other types of business loans. Business cards can be applied for, authorized, and sent right to your office without needing to visit a physical bank. You can even apply for a secured card if your credit history is less than ideal for reducing the danger of payment default.

The incentives or bonuses are probably a company credit card's best benefit. You can utilize your points for business trips, conferences, trade exhibits, and other events while also earning cash back and airline or hotel rewards.

Drawbacks- Although corporate credit cards might appear to be the greatest choice, they do have certain disadvantages. Security problems can arise from using credit cards, such as employees abusing their access to funds and a higher likelihood of fraud.

Final decision 

No form of funding is fundamentally harmful however, in the end, it all depends on how it is used. LOCs may be more challenging to get, and if not promptly repaid, they may wind up costing the account holder extra money over time. Even those with little to no credit history can far more easily obtain credit cards. On the other hand business owners that choose credit cards can experience a higher risk of fraud. 

When choosing between a line of credit and a business credit card, take into account how quickly you require the financing. It might be worthwhile to improve your relationship with your bank if you have the time to pursue a LOC. Its speed and simplicity make it the best option.


Wednesday, June 30, 2021


For years Second Life has been a very good conversation piece when it comes to making money online. The economy in Second Life has its own exchange to USD and allows the Residents to exchange Linden’s (the inworld name for money) or $Ls into real world currency. Linden Lab’s currency was even online before Bitcoin became a viable investment. Many people over the years have made money in this virtual world and many have not. What does it take to make a living out of Second Life? Who has done this? What types of products or services actually make money in Second Life?  Well from my research, continue reading because here is what I found out.

My research in Second Life delved into several areas. The culture is much different than the real-world buyer’s market. People do make an income. The question is, is it a viable income that allows you to quit your real job? That depends on who you are, your abilities, and how driven you are. A lot of my research led me to believe that it is really not all about money. There are some people so passionate about what they do, that money is not what drives them to do it.

It would be great to sit at home and work online. In our current world crisis, this is coming more and more prominent. People work more from home now than at any time in history. The culture is changing and making more possibilities online and in Second Life for lucrative opportunities. There are millions of people in Second Life. Some have become rather well-off due to their abilities and talents.  Sominel Edelman is doing rather well with his surround sim landscaping.

Full-time, supplemental income, or maybe something that can be a passion?  Venue owners, product vendors, and scripters alike have their opinion of what Second Life income is and I’d like to share some of their views in this article. Looking at larger vendors like Catwa, and Maitreya in recent years seem to be very lucrative in the recent changes for mesh. Still striving from the past, Ansche Chunge made international news by becoming the first millionaire to make a profit in Second Life. Stroker Serpentine was not far behind when he and his team brought adult content into Second Life during its first years of existence.

Aside from land and adult items, you have clothing, scripting, and venues that feed the economy in Second Life. Some of my dear friends in Second life have offered up their opinions and expertise on these matters. In the year 2003 Stroker Serpentine and his team brought adult pose balls in-world and in 2006 Fnordian Link started his scripter career, Lestat Reuven started Sissboom and the French Farm.  She brought us some really nice furniture and clothing on the grid and is still striving. In 2007, Sominel Edelman started to develop surrounding landscapes which are all over the grid today with beautiful scenes. 

In 2009, cherryblonde (chryblnd.scribe) started Idle Rogue, an entertainment venue with Live Musicians, Djs at first which evolved into one of the premier venues for the unique burlesque shows in Second Life. By 2011 a friend of mine Pixy Snook started designing many types of skins, tattoos, and makeup. Now we use appliers for different layers on the mesh and these items are popular to make each and every avatar unique. Pixy made a lot of money when she created a limited skin edition once but said that she has not been able to recreate that much hype since. 

So far Pixy Snook has made supplemental income with Second Life because of her busy Real Life.  Also in 2011, Origen Resident decided to bring parts of Hollywood in-world with his Venues. Hollywood Venues featuring places like the Chinese Theater and Hollywood Bowl were premiere entertainment spots featuring some of the most talented performers in Second Life through live music shows and burlesque. 

There are many reasons why people create in Second Life. Venue owners do not make too much money and end up spending a lot of money. You could supplement that by possibly renting out some of your land. But for those who love the arts, it’s a passion. As Origin states “Please don't undersell your value. And here is some great advice from Ted Turner that I always follow: Advertise, Advertise and Advertise. The only thing I would add to that is to advertise in places that you can show will bring you a return on investment. Do not throw your money just anywhere. There is lots of good free advertising on FB in SL groups.” As for products and services that people can buy and use in world, the people I choose in this article have been making money in Second Life since shortly after they landed in the world. They are still making L today. Because of the structure of how money is made in world, the patrons have the ability to exchange it for real-world dollars. 

In closing, those I mentioned above have found their calling in Second Life and are very successful. Others have run their SL career course and moved on. Yes, it is still possible to create a lucrative SL career in Second Life, but only if you put in the time and effort to succeed. There you have it. People may have what it takes to make a full-time income in Second Life, and many can make a part-time profit. It’s your Second Life; you decide what you bring into and out of it. I would like to thank all the contributors to this article!

Pictures supplied by: NicoleX Moonwall

Saturday, September 12, 2020

GeekSpeak subject for Saturday 12th September at noon SLT

GeekSpeak – How I stopped worrying and started to love finance!

Everything you always wanted to know about finance but were afraid to ask.  Ask all your finance questions now.  Let’s explore the financial system.  What are shares?  How should we invest?

Even if you have close to zero in your account right now, let’s see where to go.  Erik Goff has been there and got the T-shirt and knows the way out. 

Why does the world work as it does?  What are the financial markets doing?
If you want to know more and if you want to know how to get extra money into your pocket, come and join us in GeekSpeak.

IM Vulcan Viper, who teaches a meditation class every Wednesday in the GeekSpeak auditorium at 1pm SLT, if you have ideas for new subjects.

Thursday, July 11, 2013

Stop Being Broke in Second Life – Glossom Resident Reporting…

Haven’t you ever secretly wished to come across a virtual millionaire who likes to drop some fat lindens into your account? That would solve your money troubles for a while but it is not likely to happen. Sadly lindens don’t fall from the sky and spending all day long walking down the streets of Second Life looking for some lost coins seems to be a complete waste of time. So how can we stop being broke in Second Life? When easy money is hard to get, hard working money seems to be the easiest call.

Imagine what you could have with some extra lindens: renewing the wardrobe or buying that gorgeous outfit that you have been anxious to get but can’t afford; giving yourself a complete makeover; refurnishing the house or getting a king-sized bed for that huge house that you have been sighing for… Now that I got you motivated, it's time to kick laziness away and to take action on finding a job.

Here are some tips on how to find a job and, above all, how to keep it.

Friday, February 1, 2013

Thursday, January 17, 2013


Avatar Media Network (AMN) hopes you’ll join this exciting prospect in virtual news and entertainment.  Shares for AMN are being sold for a mere 1L per share.  You can own a piece of the AMN production and distribution network.  Here’s how:

2) Right-click the ATM and deposit any amount to start an account.
3) Pick up your free Galaxy HUD.  This is a one-stop resource to access the entire network of networks.

4) Attach your HUD and left click the iPhone –>

A drop down menu will appear  –> Click Networks (This will ask you to be redirected to the Digital Financial Center web-site.
5) Register your account.  You’ll see the listing of networks available featuring not just AMN, but eight other promising networks.  Be sure to check them out as well.

Thank you for considering Avatar Media Network
Media contact:
Bill Kaye
CEO, Avatar Media Network