Archive for the ‘Finances’ Category

Making real money in Second Life

Friday, March 9th, 2007

Second Life looks like it is really starting to pay off. After a year of experimenting, playing around, building stuff, and meeting new people, I appear to have an impressive cash flow income. I’ve recently started to sell off my lindens each day. I used to store them all into a ginko bank account, but the interest was getting pretty low that it really wasn’t worth the risk. I pulled my lindens out and sold them all off at once (about 800 US$ worth). Now mind you, I’m still buying lots of junk in-world as well as renting stores, sponsoring classes, and paying for advertising. I’ve made 260.11 US$ since the 23rd of last month. 15 days with an average of 17.34 per day. I believe that I’m getting roughly 500 US$ per month from a game. A GAME!

My success has encouraged my family to start paying a little more attention to this game as well. A few of them have already been playing, but this latest trend of me selling rather then hoarding L$ has really opened there eyes to what this game is capable of.

Well, If you want to see more of what second life is about, I have another blog with lots of pictures almost every day. Or you can just go ahead and sign up for a free account.

Order Id Order Type Quantity Ordered Quantity Filled Limit Rate Time Opened Time Closed Closure Method Gross US$ Net US$
177#### Limit Sell L$1,225 L$1,225 L$266 / US$1.00 2007-03-07 22:50:34 2007-03-08 04:11:54 fill US$4.61 US$4.44
177#### Limit Sell L$4,500 L$4,500 L$266 / US$1.00 2007-03-07 06:20:21 2007-03-07 07:09:45 fill US$16.92 US$16.32
176#### Limit Sell L$1,500 L$1,500 L$266 / US$1.00 2007-03-06 21:54:14 2007-03-07 02:50:31 fill US$5.64 US$5.43
176#### Limit Sell L$5,500 L$5,500 L$266 / US$1.00 2007-03-06 05:55:35 2007-03-06 12:37:33 fill US$20.69 US$19.94
175#### Limit Sell L$1,750 L$1,750 L$266 / US$1.00 2007-03-04 23:24:02 2007-03-05 08:26:55 fill US$6.58 US$6.34
174#### Limit Sell L$1,500 L$1,500 L$266 / US$1.00 2007-03-04 18:08:42 2007-03-05 05:01:15 fill US$5.64 US$5.44
174#### Limit Sell L$3,500 L$3,500 L$266 / US$1.00 2007-03-04 00:22:25 2007-03-04 08:52:15 fill US$13.17 US$12.70
173#### Limit Sell L$4,000 L$4,000 L$266 / US$1.00 2007-03-03 09:28:36 2007-03-03 10:40:48 fill US$15.04 US$14.51
171#### Limit Sell L$2,500 L$2,500 L$266 / US$1.00 2007-03-01 22:26:22 2007-03-02 01:07:24 fill US$9.40 US$9.07
171#### Limit Sell L$7,000 L$7,000 L$266 / US$1.00 2007-03-01 06:11:49 2007-03-01 10:37:43 fill US$26.32 US$25.39
170#### Limit Sell L$1,750 L$1,750 L$266 / US$1.00 2007-02-28 06:29:39 2007-02-28 12:58:07 fill US$6.58 US$6.34
169#### Limit Sell L$3,000 L$3,000 L$266 / US$1.00 2007-02-27 17:16:50 2007-02-27 18:31:10 fill US$11.28 US$10.88
169#### Limit Sell L$2,000 L$2,000 L$266 / US$1.00 2007-02-27 06:21:01 2007-02-27 12:59:58 fill US$7.52 US$7.25
168#### Limit Sell L$3,000 L$3,000 L$266 / US$1.00 2007-02-26 21:12:32 2007-02-27 09:10:51 fill US$11.28 US$10.87
168#### Limit Sell L$2,500 L$2,500 L$266 / US$1.00 2007-02-26 16:14:41 2007-02-27 06:00:14 fill US$9.40 US$9.06
168#### Limit Sell L$1,000 L$1,000 L$266 / US$1.00 2007-02-26 06:25:35 2007-02-26 15:12:17 fill US$3.76 US$3.62
167#### Limit Sell L$6,000 L$6,000 L$266 / US$1.00 2007-02-25 18:11:37 2007-02-26 09:38:19 fill US$22.57 US$21.77
166#### Limit Sell L$1,500 L$1,500 L$266 / US$1.00 2007-02-24 15:26:07 2007-02-24 15:33:11 fill US$5.64 US$5.44
166#### Limit Sell L$9,000 L$9,000 L$266 / US$1.00 2007-02-24 14:27:01 2007-02-24 14:55:17 fill US$33.85 US$32.65
165#### Limit Sell L$2,000 L$2,000 L$266 / US$1.00 2007-02-23 15:09:34 2007-02-23 18:14:34 fill US$7.52 US$7.25
165#### Limit Sell L$7,000 L$7,000 L$266 / US$1.00 2007-02-23 10:49:16 2007-02-23 12:22:31 fill US$26.33 US$25.40
165#### Limit Sell L$220,000 L$220,000 L$266 / US$1.00 2007-02-23 05:24:34 2007-02-23 08:52:25 fill US$827.18 US$798.08

University of Phoenix

Sunday, January 14th, 2007

Been looking into online colleges and such to get my degree.  I settled with University of Phoenix Online and completed the application process.  They seem to be more my style in that I need to interact with them for 4 days a week and one course per semester.  It’s also a set program in that I don’t need to scratch my head trying to figure out what class I should take next and if I have the prerequisites for it.

Seems like a lot of forms, or at least a long one for Financial Aide.  Doubt I’ll get the financial aide, but hey, it’s worth a shot.

School starts near the end of the month and I believe I still need to take a placement test too.

Insulting Fortune Cookie

Friday, September 15th, 2006

So today I ate chinease.  Half the time, fortune cookies are horrible at giving fortunes.  It’s usually a statement, or some wise saying.  Today I got one that was just plain insulting.

You should be able to make money and hold on to it.

And to make things worse, it had a smiley face at the beginning and end of the fortune.  Ok, so this cookie is assuming that I either don’t make money, or I can’t hold onto it.  Even worse, applying “In Bed” or “Between the Sheets” onto the end of it makes it sound like I’m paying for services, or servicing others.  What is up with that?

They should have worded it different like “You will be able to make money and hold on to it.”

Is it ludicrus to sue a chinease cookie company for punitive damages or misadvertisement?  I kinda expected a fortune in my fortune cookie and ended up being insulted.

Changing my financial ways

Thursday, June 29th, 2006

I did one thing very different today.  I canceled a trial before I was billed for the real deal.  Over at Ancestry.com, I signed up for a trial account.  You can either choose to be billed immediately and each additional month for 29.95, or you can go with a 14 day free trial and pay an annual fee of $155.40 ($12.95 / month).

I went with the free trial.  Usually, I forget about trial expirations and such and let accounts expire.  Sometimes, services such as Ancestry.com will bill you immediately after the trial expires.  The extra hoop to jump through with this service is that I was required to call them within specific hours of the day as well in order to opt-out of the service.

Just 2 days to go and I called them up.  I had forgotten about it for most of the past week too.  So in reality, I just saved myself $155.40 in a service I wouldn’t use.

I guess this is one of the small things that I’m doing that is helping me get that financial comfort cushion in the bank.  I could really use that money on something else - like a set of new computers for my wife and I.  I think a lot when I go grocery shopping like this too.  I could get a snack, or put that money towards something else.  Yes, it’s only $5, but another way to think of it is that it is $5 extra in my pocket if I don’t use it.  It’s like rewarding yourself with your own money you don’t use.  Best of all, it’s tax free.

Money Worries

Tuesday, June 27th, 2006

Usually, my money worries are because I’m in the red.  I’ve been in debt so deep with my checking account, that I’d be seven, or eight hundred dollars in the red each payday.  Now, I’m in the black.  I’ve lent out a lot of money, and I still have a nice cushion in the black.

It has me worried.  I’m hunting for where I may have gone wrong.  Was there a bill neglected?  I rarely read my mail.  I discovered a letter that my wife and her mother laid out for me that was dated back around February about my car insurance being canceled.  I thought this was the second time and that I’d been driving without insurance this whole time.  Last time it was just a day.  It turns out, that this was the same letter from last time, but warning me that my insurance was about to be canceled.

I’ve got a check from my car insurance agency too for the new policy number.  It says that I’ve overpaid my premium and refunded me $80.  I logged onto the website just to make sure.  I still had an account.

So for now, I’ll keep worrying until I find something. Eventually, maybe this cushion will build up enough that I can get new computers for my wife and I to play SecondLife a bit better.

Are you for real?

Tuesday, June 20th, 2006

So I’m getting a bit low on money this week and my wife asks if she can have some extra cash.  I told her to send 7,000 Lindens my way in SecondLife and I’ll give her a twenty.  I worked it out later in the day that the conversion rate would be at 6,441.

So any how, she got a friend of hers to give her some Lindens and handed them over to me after she discovered that I was seriouse.  So now my extra lindens are up for sale and she has a crisp US $20 bill in her hands.

Goslings and Loose Change

Thursday, May 4th, 2006

I went for a walk around the pond today at with a few coworkers during lunch. One invited me to come and see the new baby geese. We saw the father hissing a few feet from the mother with her six goslings. The father calmed down as we walked away.

Every summer we have about six to ten geese that come to the pond and hang out. There are only the two and there children, and a lonely duck that hang out there now. I’ve heard reports of people being chased by one of the geese, and now it is apparent why that was.

I also got some spare change fro a few countries. One of my coworkers knew that I liked foreign coins and handed me ten coins from different countries on Monday. They look pretty neat.

Foreign Coins

Impulse Buy

Wednesday, May 3rd, 2006

So I was still skimming a bunch of info about the Olympus WS-200S.  Some interesting things that I found.  One item that appealed to me was that it had a microphone jack.  I’ll tell you this - having your own microphone can do wonders compared to built-in microphones.  Hopefully I’ll be able to understand my slurred and sleepy voice easier.

I also found a picture of the item taken apart so that I could get a feel for its actual size using the USB jack as reference.  The buttons on the side appear to be much easier to use in the dark, as that is when I record my dreams in the middle of the night and early in the morning.  One of the features advertised on ebay was that you could drag-and drop documents rite from the device as if it were a mass storage device.  This is a selling point, as it is exactly what I was looking for.  No need to install junk software.  I can also drag files onto the device other then audio.

Olympus WS-200S

One downside is that it records in Windows Media Audio (WMA).  But from what I have found, there are not any digital voice recorders out there that record in MP3 format.  I shouldn’t have any problems converting WMA directly to MP3 though.  My current W-10 records in WAV.  Before I can convert it to MP3, I have to convert it to a different type of WAV format.  It gets confusing for me to go through that part of the process.  The quality of WMA is rite up there with near CD quality at 44kHz and can record in Stereo or Mono.

So in the end, I spent US $99.99 + $8.99 for shipping from Ohio on eBay (Item 9720797974).

Head aches, taxes, and little giants

Thursday, April 20th, 2006

It’s been a while since I blogged.  I tend to keep forgetting to do it.  I just don’t surf the internet much since I started playing SecondLife. Anyhow, a few things have been going on.

Today, I had (still have) a migrain head ache and chills.  I feel a bit weak all over.  I may be comming down with something.  Hopefully it passes quick.  One item I noticed is that I didn’t get the flu this year.  I get the flu every year and it is severe (way past Robotussin).  I usually take about 2 weeks to get over it, and I still have symptoms for a few weeks after, but nothing major.  This year I got myself a flu shot and boy, was it worth it.  I had felt a little bad about someone not being able to get it who may have needed it more then I did, as flu shots are very limited. I just never realized how much that “I” needed it.

Tax Blowout

Tuesday was tax day. I had done my Federal taxes very, very early.  I didn’t do state, though because I couldn’t afford it at the time of filing.  The procrastinator that I am just kept putting it off.  Between then and now, I had gotten a new hard drive and reinstalled my operating system.  I tried to hook the other hard drive up and boot up my computer, but the power supply had died (another thing I have been putting off).  I ran to two wallmarts, best buy, and comp usa.  The thing is, it was after 9pm.  Wall-mart doesn’t sell power supplies, and the other two stores were closed.

I was able to hook the hard drive up to a spare computer I had as a secondary drive.  I had to take ownership of all the files since the file system was NTFS.  Otherwise I couldn’t read the files.  I found my tax file and was in luck.  I didn’t know where my TaxCut disc was, so I ran over to the site and purchased both the federal and state versions.  I was just hoping that it would be able to read my old file and as luck would have it, it did.  Things were pretty simple from there and I got my state taxes filed a little after 11 pm.

The next day I upgraded my old power supply from 340 watts to 500 watts.  I am hoping that the wattage is the main reason why my supply had burnt out.  Around here, power supplies go up left and right.  At least the hard disc’s don’t burn out like they used to on my older computers.

A little giant ladder 

Easter had come this past weekend.  I played a bit with my nephew and neice during there visit. We played hide and go seek, and just played a bit in the back yard.  My mother in-law came over and helped me look at some ladders that I saw at SAM’s club.  My eye was on a pretty tall one that would support 300 lbs.  The problem was that it was a bit too large for the van.  The step ladder next to it was just not high enough.  She looked at a third ladder there that looked like the Giant Little Ladder.

This ladder folds and unfolds into 5 different positions including a step ladder and a 17 foot high ladder.  I passed it over earlier that day due to the face that I couldn’t find its maximum load cappacity.  She found it and it was also 300 lbs.  The thing was very compact and fit rite in our shopping cart.  I was debating on buying the original Giant Little Ladder earlier this year with my tax return, but it was expensive for how often I would use it (over $300).  This little ladder was just over $100.  Someone even stopped us in the store to ask where we found the ladder.

I was finally able to replace two flood lights on the highest part of the house.  I am not a fan of heights.  Perhaps it may be the part where you hit the ground that I may be afraid of.  Anyhow, my hands were gripping that ladder so tight that it was hard to let go of one bar and grab the next.  Meanwhile, I’m trying to hold a lightbulb in the other hand.

Shipping Confirmation in SL

Tuesday, March 28th, 2006

I’ve been making a few objects here and there in SecondLife. Most of them have scripts in them. Over time, I have updated my items with bug fixes and feature additions. I could just drop items on everyones profile, but as more people start buying, this becomes a hassel.

I purchased an auto-upgrade machine that my customers could approach with a license key. If the license key was validated, and a more recent version of the product was available, they would be given the newest version. This is nice, but it requires my customers to guess when a new update is available.

I started looking around and found an item called SL Courier. It allows me to compose a list of peoples names and identification keys along with a list of products to send them. Once I release a new version, I just put the product in the couriers inventory and tell it to deliver to the list of past customers.

This solution seems to be the best for keeping my customers up to date with the latest products. The problem is that I don’t have everyones identification keys. Through my in-world object sales and selling through the web on sites such as SL Exchange, SL Boutique, and SecondServer, I am only able to get a list of names of the people who purchased my products.

At first, I created a customer registration product that the customers could manually rez and say “register”. After about 40 seconds, it would confirm there registration after sending me there name and identification key. It was a little more convienient, but I was finding that a lot of people were not going through the process and that it just took too long.

I decided to make a different attempt. I changed the actual package that my products are delivered in. A customer normally has to rez the package and open it to remove there products. I’ve started working on a little project where I can make that box talk to an in-world server and send me the name of the customer, there identification key, and the name of the package that they are opening.

I went to the internet and found a website that could generate bar codes online. There were a ton to choose from. I liked the look of MaxiCode by UPS, but I found a better resolution of it at another website. I also looked at different types of shipping lables such as those for the most often used UPS, and USPS. I put everything together to make my own version of a shipping label.

PackageMaxiCode

When the box is rezzed in the world for the first time, the label gathers the necessary information and encodes a message. The label turns yellow when it sends the registration information out. I spent a good deal of time working within the limitations of LSL script (MD5, XOR, Base64) to make it semi-secure. I also setup the scripts to warn me if I didn’t set the permissions correctly for the next owner. If I give the package to someone, I want to prevent them from looking at the password and the servers id in the scripts. This way, I have a visual cue (the shipping label turns red) and some messages telling me what is wrong and what I have to do.

There is a lot of work into the communications with the in-world server. The label makes a few attempts to contact the server. Each time that it fails to receive a response, it turns cyan and waits a little longer before trying again. This is just in case the sim that the server is on goes down, or its email que is full. If the server can’t be contacted after about an hour, I stop all registration attempts and notify the customer that they should notify the seller of the problem. I also make the label turn purple as a visual cue as to a response problem.

If everything goes well, registration usually takes only a few seconds and the label turns white once it has completed. All the scripts in the label are deleted to prevent duplicate registrations.

The server itself is a beast. I am usually limited to 16kb of memory per script. When I worked on my sim land owner scanner in the past, I learned how to expand that memory and communicate with other scripts within the same prim. I’ve used that experience here and made a few scripts whose main purpose was to store and retrieve data - just like a disk drive. In fact, I called each script “Disk 1″, “Disk 2″, etc.

When a message comes in and is decoded and validated, it is sent to a disk that has the most free space available. Then every 24 hours, a log of all data is sent to my email account. Email messages are limited to about 4 kb that are sent out from SecondLife. It isn’t much, so as I compose the email, I constantly check how large the message is, and how much data I’m about to add to it. If it is too big, then I send out an email and start composing a new one.

Email was a big issue in the past mainly due to the script delay penalty enforced on it. When I used this mehtod in the past, my script would suffer a 20 second delay. A friend of mine in-world had pointed me in the rite direction to make another script to send the email for me. I send a message to that script and then let my original script continue on with its own workload. Instead of a confirmation after a minimum of 40 seconds, I get them in about 5 only because I set my timers to check emails every 5 seconds on both the server and the package.

I am almost on the edge of actually puting my system into production. I have a few tweaks to do before it is ready. Drive management needs the most attention rite now.

It is crazy with how much work you can put into a game. I hope to start profiting later on from it. The materials (prims, scripts, notecards) are unlimited in supply. Your mind of skills and creativity are all that limit you. I can build just about anything from scratch and people actually buy them. So far, I’ve made about $14 this month. I pay less then that in monthly account fees in order to be able to own land (otherwise accounts are free).

Since I own more then 512 square meters of land, I pay an additional monthly fee. My accounts land fees has me paying at $75 per month, and my wifes is as $40/month. Yes, you read rite. So hopefully that $14 starts gradually becomming a bigger number. If we both sold off all our land, except for the last 512 sq. m. each, we would be making a profit every month with just my product line.

Why is land important? Land gives you the ability to have prims. The more land you own, the more prims you can have. Many people who don’t have land, and those that do, go to sandboxes to make there own stuff without a strict prim limit. I consider these places to be laggy. I’ve gotten into problems with one place where I couldn’t get out of it. Half the time you meet up with people that are there to ruin everyones day, and you also run into the occasional experiments that have gone wrong. On top of that, I’m just as much of a hermit in SL (Second Life) as I am in RL (Real Life).

You can also rent land or buildings from other players. You can rez your objects or build new ones there, but there is usually a high priced monthly fee to help the owner pay for there own accounts land costs.

The other reason to own land is to have your own freedom of expression. A perminant place of residence. Someday I’ll write about what I’m doing there. Most of what I do is make new products to sell or assist in selling to other players. For now … I leave you with just the shipping confirmation project. I only need 2 prims for the project and could do that on just 16 sq. m. of land and still have room for one more prim.

Second Life