Teen Entrepreneur Earns A LOT MORE THAN 1,000 A DAY
100,000 and is well on the path to owning his own home. 40,000 property deposit at the ready, and is planning his retirement after fast becoming a self-made business owner already. Without financial help from his parents, Mr Muscat started what’s slowly becoming an empire by betting on various races and reselling products for further than what he paid for them. Muscat says one of is own sources of income originates from purchasing products at a low cost price, then reselling these to consumers for sometimes triple the purchase price.
He told Daily Mail Australia that he finds out what is popular by accessing data from the Google Trends website. He resells anything from watches to jewellery and back braces even. He also advises people to focus more on making passive income rather than active. Muscat points out that an active income is where people generate income from work while a passive income is making cash from investments or a YouTube video.
A buck of passive income will probably be worth about five dollars of energetic income,’ Muscat said he’s shifting his focus towards passive. 4,000 weekly using all the start-up bonuses available. 500 worth, and betting on all competitors in order to guarantee a win. 600 each day wagering on horse races. He says if he averaged out how much he makes a day on bets it would equate to at least 200-300 dollars, and even more on weekends. Muscat says that because not a complete lot of individuals know about the offers, it’s a far more viable option to make a lot of money.
He says the magic of earning money this way is that wins aren’t taxed, and he participates the somewhat foolproof moneymaking scheme almost everyday. While Muscat doesn’t work the normal 9-5 hours, all of his businesses allow him to work remotely, day and that gambling could take up a whole.
It’s very elaborate, it’s hard because there are many different things that influence it,’ he says. Muscat planned to be an entrepreneur never, but after a sponsorship with the defence power fell through he considered making money by himself. I wanted to (work) in defence but I couldn’t, so I said what else is going to allow me to truly push myself, and the only other way I could see that is to get into business,’ he said.
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