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6 Pointless Inventions that Made a Mint

6 Pointless Inventions that Made a Mint

The process of inventing a product which can potentially make millions upon millions can sometimes be easier than you think. The computer, the microwave, cars, the CD….these are all feats of complex incredible pioneering that now make billions. However, on the flip side of that – there are many million dollar inventions which are so simple & pointless it makes you want to bang your head against a concrete wall for not thinking of it first. Here are a few of the top pointless inventions that made a mint.

A rock is a man’s Best Friend


    CC Via Flickr

    In 1975, a man by the name of Gary Dahl manufactured, packaged, and managed the sales of a product which made him a millionaire in less than six months. Down to the products USP (unique selling point) and the next to nothing cost to produce, the figures sky rocketed for him. In six months it’s thought that Dahl made fifteen million dollars – which currently would be worth around fifty-six million dollars today. This truly is a ‘stone’ cold stunner!

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    The Snuggie


      CC Via Flickr

      Ingenious, or ludicrous – you decide! The ground-breaking product in question managed to gather around two hundred million dollars in revenue; and all it was….was a bathrobe which had been turned back to front. Unbelievable! Through clever advertisements which became a media sensation, the Snuggie took off in America – pleasing simple Americans everywhere.

      Baby Toupee

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        CC Via Flickr

        Who wouldn’t want to give their baby a toupee? A toupee will provide a baby with a sense of dignity, class, prestige, and most of all; warmth. At twenty dollars a pop, this seemingly pointless product took off; bringing in millions for the manufacturer. Hopefully they sell a Bill Murray edition.

        Slinky


          CC Via Flickr

          Everyone loves a slinky! Even though this is by far is one of the simplest inventions ever to be created, in its prime many households were without one. The slinky is basically a lazy spring, which may seem pointless & dumb on the outside – but the reality is that children love to play with anything simple and fun. In fact, the more simple and pointless it is – the more a child is to like it! For example, just imagine if someone sold tailored cardboard boxes for kids to play in….it would make millions!

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          Big Mouth Billy Bass


            CC Via Flickr

            The most pointless product you could think of; a plastic mounted fish which sings songs. This tacky gift was created in the late 90s, casting it out to the American public – reeling in the financial reward. However, people soon grew irritated at this terrible gift and it fizzled out in the 2000s. But at the end of the day, the product sold over seventy millions units before it became a fish out of water….

            Doggles

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              CC Via Flickr

              You got it; dog goggles. Of course this has been invented; by reading this list you should have gathered that anything is possible! For the price of eighty dollars you can make your dog look like he’s about to swim the hundred meter final in the Olympics; perhaps someone could patent a dog swim hat too! However, the only people laughing are the manufactures – because they managed to take millions straight out of the average American dog lover’s pocket. Woof!

              In conclusion, as you can see here, not all inventions have to be ground breaking and life changing to make the big bucks. So, if you fancy making a quick million or so – all you need to do is invent the most stupid and pointless product you could think of, and you may be well on your way to the big leagues.

              If you want to make some money to help start-up your new invention then visit IronFX whose speciality is Forex Training.

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              Last Updated on April 3, 2019

              How to Nix Your Credit Card Debt in Less Than 3 Years

              How to Nix Your Credit Card Debt in Less Than 3 Years

              Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

              By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

              This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

              Hint: there are ways that are easier than you think.

              1. Consider Consolidating Multiple Credit Cards If Possible

              This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

              It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

              Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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              Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

              My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

              Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

              2. Try to Pay the Full Balance You Spent Each Month at the Very Least

              You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

              Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

              If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

              3. Pay Extra When You Can – Every Small Amount Counts

              This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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              It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

              4. Create a Plan on How to Pay Extra

              Back to the main point, having this plan is giving you one less thing to think about.

              This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

              For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

              Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

              5. Cut out Costs for Services You Do Not Use

              If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

              In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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              6. Get Aggressive About It

              Consider these points:

              Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

              Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

              Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

              Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

              7. Reevaluate Your Progress at Set Intervals

              Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

              By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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              Finally (and most importantly)…

              8. Keep Trying

              Do not get discouraged. Pushing it off will make it worse. Just keep trying.

              Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

              Start Knocking out Your Debt Today

              The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

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              Featured photo credit: Pexels via pexels.com

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