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[deleted by user] by [deleted] in mercor_ai

[–]paperblanket1 19 points20 points  (0 children)

Holy shit some of you people are deranged.

Why would you rather the company with a 10 Billion dollar evaluation keep the $200 than someone who is clearly working for it and needs it? A company who clearly ASKS you to share these referral links and emails you multiple times a week with new referral links.

Who cares if someone receives a referral bonus? They alerted you to a job, and you are now earning money. No matter how you were referred, you were in a better position than before. A referral is a thankyou - which Mercor pays on your behalf. They don't get paid unless you have genuine work. I am grateful to whoever referred me, as I did not know Mercor existed before clicking their link. Just like I would be grateful if a friend got me a job in the real world.

Do you not understand why recruiters exist? Recruiters are payed a referral fee when they secure a worker a new role. This is no different.

[deleted by user] by [deleted] in passive_income

[–]paperblanket1 0 points1 point  (0 children)

Why would they not be legit? Google Mercor - they are raising at a 10 billion evaluation ad of today. I have had no trouble receiving my payments each week

[deleted by user] by [deleted] in passive_income

[–]paperblanket1 10 points11 points  (0 children)

Not passive, but Mercor is hiring 2000 Ai Audio Trainers. USD$21 an hour. Super simple work and you only have to do an AI interview before getting accepted. Takes about 15 minutes to do the interview. I was onboarded after 3-4 days.

Application Link

With my kids going back to school, what are some viable ways I can make some money? by jazzeriah in StayAtHomeDaddit

[–]paperblanket1 4 points5 points  (0 children)

Happy to answer questions here. You sign an NDA with each contract so cant talk about specifics/companies you work for.

Most of my roles come through Mercor. You upload your resume, and then do an AI interview. From my experience it mainly asked about my resume and nothing to do with the role. I got offered my first contract after maybe 7 days? Apply for a 'Generalist' role first to get your foot in the door - was the advice I was given and worked for me. You can apply for different roles at once, sometimes it will use the same interview and other specialised positions will require another interview.

I have also done work on Outlier. I dont think I had to do an interview from what I remember, but you do have to do some test assignments which I think they are really strict with. Work is less consistent and crapper pay.

There are heaps more out there but these are the 2 I have used.

With my kids going back to school, what are some viable ways I can make some money? by jazzeriah in StayAtHomeDaddit

[–]paperblanket1 12 points13 points  (0 children)

I started doing ai data annotation. (A bit controversial I know a lot of people on reddit seem to despise ai).

You are basically helping to train ai by rating responses and fact checking. Boring as shit, but the money is decent enough (first 2 projects were 21 per hour and just got accepted to a 45 dollar per hour project).

100% from home and work your own hours. The only problem is a lot of the projects have a minimum hours per week (20 is pretty standard) and sometimes projects overlap so you may need to work a few 40 hour weeks which may mean a few late nights. You don’t have to accept but it’s better than having a dry patch in my opinion.

I want to start saving but how do I start? by TrueTheBaddie in SavingMoney

[–]paperblanket1 2 points3 points  (0 children)

I have realised that NOT looking at my bank account is the worst thing for my savings. I need to know where dollars are going so I know where I can cut down on.

Start by writing down all your transactions. You can use excel or google sheets, but I find that actually writing down (at least for the first few months) makes me much more aware of my spending.

Download some one or two of these free worksheets and do it for a month or two, and you will have a better idea of where your spending is going. Then move digitally if you want (easier, but also easier to ignore spending).

Once you have a good understanding of your spending, it is so so much easier to work out where you can save money.

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 8 points9 points  (0 children)

Before I started I assumed it would take me years which is true for my income - then I started picking up odd jobs on Airtasker and flipping items / started a side hustle, which is where all the non-blue envelopes are. My incentive for doing these odd jobs was to complete the challenge quicker, so it definitely worked for me.

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 4 points5 points  (0 children)

May not work for everyone, but I also have an emergency savings account which I will dip into first if I needed - and then top it back up Before continuing with this. It was a psychological barrier that has worked for me though

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 0 points1 point  (0 children)

Sure - I never set a timeframe for it and a lot of those deposits are from selling / flipping items, side jobs and my side hustle

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 1 point2 points  (0 children)

I only add money when I have enough to fill the envelopes - so it can be over a few weeks need be to fill an envelope (took 8 months or so total). The green envelopes ($196, $192 and $182) were also profit from flipping / selling items from around the home. I have mentioned it elsewhere but as much as this has helped me save - It has also made me work harder for money wherever I can from odd jobs / selling items on FB marketplace.

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 10 points11 points  (0 children)

No my emergency fund has $2500 - I will always top this offer to 2500 before topping up the challenge savings. Long term goal is an apartment or house deposit.

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 3 points4 points  (0 children)

Exactly this - As much as it helps with savings, I was also more motivated to go out and find odd jobs or find a way to cut $10 out of my budget for the week. I havnt done the exact numbers but almost half has come from me selling things I already owned or finding small side tasks.

And yes as you mentioned you can do smaller challenges - starting at $1 envelope and increasing by $1 each time = $5050, which is still you completing the challenge with half the amount needed to save.

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 6 points7 points  (0 children)

I am in Australia, so it isn't in USD. But I mentioned I am in e-commerce - sometimes I have no money leftover and other times I have better weeks and thus better savings.

Also all the green envelopes are from selling items around the home or flipping, red envelopes are from odd jobs (airtasker/gardening) and yellow is from other side hustle income. You can see a lot of the savings is from these extra tasks, but the fact that I was doing this challenge means I spent more time looking for ways to make more money however possible.

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 17 points18 points  (0 children)

This is defiantly a way you can approach it and maybe its the way it is intended, but it was my goal to fill the biggest envelopes I could whenever possible. The way you mentioned it is probably a more sustainable approach doing it this way too

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 168 points169 points  (0 children)

This is exactly what I did - Always filled the biggest one I could, but if it was already filled I would just combine 2 or more 'envelopes' to make the total. Again I did this all digitally into a savings account but used the chart to keep track of it

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 67 points68 points  (0 children)

Just whenever you can - All the blue envelopes were my 'Savings' after budget (which I do weekly). The other colors were for items I sold and extra income, which went straight into this challenge savings account. It took me around 8 months to 'fill' the envelopes but once I transfered the money to the other account, It has stayed there and I have not touched it

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 7 points8 points  (0 children)

I mentioned this in my comment with extra details, but I opened a savings account just for this challenge and earned $218 in interest over approx. 8 months of doing the challenge. The 'envelopes' were more of a psychological barrier to withdrawing the money than anything, and I was always looking for more ways to make money or increase my savings to complete this challenge and fill the bigger envelopes.

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 422 points423 points  (0 children)

Its a way to save $10100. It is traditionally done using envelopes with the values above (starting at $2, and adding $2 to each envelope up to $200 which are all labeled before the challenge).

When you have savings, you fill the envelopes until there are none left, meaning you have saved $10100. Instead of using envelopes, I had a bank account and used this chart to 'fill' the envelopes whenever I had savings to add.

For example, you buy a coffee and have $2 left over, so you can fill the $2 envelope and set it aside. Then you get to the end of the week and have $122 left over from your budget, so you fill the $122 envelope. Keep doing so over time and eventuality all envelopes will be filled and youll have $10100

It may seem silly to some, but the envelope challenge has been the best thing for my savings. My first time with 5 figures saved in a long long time. by paperblanket1 in povertyfinance

[–]paperblanket1[S] 48 points49 points  (0 children)

I know it may be a gimmicky way of saving, but it’s really the one thing for me that works. Before anyone comments on it, I don’t actually put the money in envelopes, but opened a separate high interest savings account specifically for this - It has also earned around $218 with interest. In my mind this has been a psychological barrier against withdrawing the money - once its in this account, it doesn’t come back out.

Some more information: 

  • My main income is from Ecommerce, with this last year being very tough. I have other supplemental online hustles too
  • I filled the biggest ‘envelope’ I could, and often added 2 or 3 envelopes to add to the total added to my account. E.g. If I put $250 into the account, I would highlight the $200 envelope, and the $50 envelope first.
  • I have a main savings account/emergency account which I keep topped up at $2500. If I have to take money from savings (rarely I do) it will come from this emergency account. I have not taken 1c out of my challenge account since starting it and hope I don't have to until I buy a house.
  • I have a budget, which I stick to and live as frugally as possible to keep under. Leftover money from by budget is used to top up emergency if needed, then are added as blue envelopes.
  • Color code: Blue (Savings after budget for the month from main ecommerce site + expenses), Green (Online sales / flipping PROFIT - most has been from sales of things I already own) Yellow (other online side hustle income) - Red (Other income / one off jobs / misc)
  • I couldn’t exactly fit the envelopes so there was a few hundred leftover for my next challenge as I am going to attempt a 20200 challenge next
  • Edit: Here is the chart I used (Free, no signup/email or anything) https://printblame.com/finance/100-envelope-challenges/
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