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  1. Stephan
    I really admire your mission and the hope and help you bring to people on disability. I believe you have been put on this path and you’re providing a great service and inspiration.

    I can see that you’re wanting to help people get into an online business that can help get them away from having a reliance on payday loans and other scams.

    What are the minimum requirements in equipment and time for someone to be able to effectively follow this program?

    And how certain are you that the program you describe will really help everyone on disability achieve the goals you discuss here?

    Thanks.

    1. Stephan Zev says:

      Hi Michael, thanks for commenting!

      There are no guarantees in business so I can’t definitively say that Wealthy Affiliate will help everyone on disability but I can say it’s a legitimate opportunity like no other.

      Your work ethic and perseverance have a lot to do with how successful you’ll be at this. Then, of course, you also have to factor in the scope of your disability and how much it limits you.

      As far as time, it’s hard to say since it depends on many factors including the number of hours per day you dedicate to your business. But roughly, I’d say 3-6 months until you start to see some income coming in.

      As far as equipment, you really just need a desktop computer or laptop with an internet connection and you’re good to go!

  2. wunderkindonsulting says:

    This is an awesome blog post. I am definitely anti-pay day loan. I’m glad that you broke down the dark side of pay day loans. While pay day loans may appear to be a good option for people who need access to cash in a short amount of time, few people way the long term consequences of taking out a pay day loan, and particular the extortion like interest rates that they charge above and beyond the principal.

    1. Stephan Zev says:

      Thanks for commenting! Yep, there are definitely better options out there than payday loans.

  3. Thanks for writing this article. I am currently on disability and have considered payday loans but I couldn’t find a lender that had a reasonable interest rate. Would you be able to recommend a few that have relatively low interest rates?
    I love your list of ideas of how to make a little money on the side. I tried doing surveys but it just wasn’t worth it for the amount of work I put into it.
    So that’s when I found Wealthy Affiliate and decided to take my own future in my own hands by building out a few websites centered around what I love to do.

    1. Stephan Zev says:

      Hi Ian, thanks for commenting! I’m glad you found my article helpful.

      Unfortunately, I don’t know of any reputable payday lenders. In fact, I’m inclined to say that it’s an oxymoron! I’d stick to one or more of the alternate ways to make quick money. Also, another “task” based site I’d look into is Fiverr.com. Hope that helps!

  4. This is such good information on pay-day loans. I’m also against it. You’re right about it being a vicious cycle. It’s best to try and get the money through some effort than borrowing it when you’re in deep financial crisis. I mean, if we’re not making enough to support ourselves, then what makes us think that we will be able to take care of the bills next month AND pay back the loan next month? That’s a very useful article.

    1. Stephan Zev says:

      Indeed Reyhana, indeed… 🙂

  5. Its good that you let people know about the true nature of payday loans, and how they work against you in the long run.

    I think people should be aware about the dark sides of the quick and easy loans and focus more on avoiding them altogether.

    I hear more and more of these scams on a daily basis now so thanks for this post.

    1. Stephan Zev says:

      You’re welcome!

  6. I am so glad that I read this post! I will start collecting disability this month and I know that I will have to do some creative budgeting. From what I read here, why are Payday loans even legal?? Triple digit interest rates are really scary. I can see where they do appeal to someone who does not have enough funds to cover the whole month though. It is too bad that these types of services exist and prey on vulnerable people. If someone on disability followed your program, they could have extra income all the time so they would not have to sign up for a Payday loan.

    1. Stephan Zev says:

      There are a lot of sharks at out there Erin, so long as we recognize that, we can defend ourselves. Best of luck!

  7. I read your article about payday loans. Not only are they dangerous for people on disability, but dangerous for everyone. The fees are outrageous! When you get the load paid, you may have paid about 3x the amount. They are illegal in some states, with my state of Pennsylvania being one of them. While you get your money quick and they don’t do credit checks, they can put people in an even worse off financial situation. It’s good you’re telling people to stay away from them!

    1. Stephan Zev says:

      Hi Karin, indeed, payday loans can be a quick way to financial ruin, thanks for weighing in!

  8. Stephan: Boy, powerful and great stuff. I am a disabled person and couldn’t agree with you more. The interest rate alone on those payday loans is crazy and once you are caught in their web, they got you dead to rights. And if you don’t pay it back? Watch out and you might as well close your checking or savings account which you will need for your disability checks every month.

    Just don’t start, that is all I have to say, too. I’m so glad that you offered people little known ways to make some extra cash. May not be a whole lot as in the case of taking surveys but if you have nothing better to be doing which is never the case for me, you might as well answer a few surveys every day.

    But even some of those are traps! Be careful to follow their rules to the T or they don’t pay out on all that hard work that you just gave them.

    Thanks again for putting such a wealth of information out there for people who really do need extra bucks every month. Just do not ever, if you can really ever help it, take a payday loan.

    Rene

    1. Stephan Zev says:

      Thanks for your insightful comment Rene 🙂

  9. Crystal Doc says:

    Hey there,

    It is sad the way that these companies prey on the desperate attempts of people just trying to get by. I am also with you on this one. Very dangerous step to take.
    I agree with you, there are better ways.
    I am not sure that selling my hair would be on my list but those online jobs you suggested will be very helpful for a lot of people.
    Keep up the good work. I will be sharing this

    1. Stephan Zev says:

      Thank you

  10. I totally think that payday loans are a scam. If you are intentional to budget your money and plan ahead you should never touch payday loans whatsoever. The interest rates on these things are ridiculously high! Being on disability is very difficult and frustrating, but payday loans are only going to compound peoples problems.

    1. Stephan Zev says:

      Yup, that’s pretty much it!

  11. I think payday loans are dangerous for anyone and I can definitely see how they could become a trap for people on fixed incomes.

    I used these types of loans when I was younger, and it took me forever to get myself out of the system! My mom just started receiving disability, and she can already see that it will be a struggle. I am going to pass along your post so she can check it out!

    Thanks for a great read!

    Brendon

    1. Stephan Zev says:

      Glad to help Brendon…

  12. I too have an invisible disability and am caught in the payday (only they call it an installment loan) trap. The BBB won’t get involved, they just said to check a company’s ratings next time. Faith based and social services in my town won’t help either. I tried a GoFundMe campaign and looked up reviews and comments about these loans on social media. There is no compassion for people who get caught up in this debt cycle.

    As for surveys or online tasks, there are not worth it. It’s almost humiliating to answer question after question for only a few pennies. I’m through with them. I don’t know what my solution will be but it has definitely made my disability worse. But no one seems to care.

  13. Tiffany Domena says:

    Wow Stephan! What an amazing article with an amazing goal! I’ve seen people go into the downward spiral because of payday loans and things like it. I think you’ve introduced some great solutions: some I’ve tried and some I’m curious to try. I’ve sold items on Craigslist and that has worked very well for me in the past. I’d like to try out Slice the Pie, User Testing, and Task Rabbit. Those sound like cool ways to make some extra cash. I wish I could pin this article so I can remember these ideas for later, but for some reason it’s saying it may lead to spam. Do you know why?

    1. Stephan Zev says:

      Hi Tiffany, thanks for the kind words 🙂 I’m not sure what you mean about “leading to spam” but I’ll take a look! Thanks…

  14. Hello, I, unfortunately, have a few payday loans and it is what you say — it’s just a spiral into more debt. In most circumstances they require access to your bank account so they can get to my bank.
    Once you almost pay back the loan you only end up refinancing… it’s a never-ending cycle of debt.

    1. Stephan Zev says:

      Yup that pretty much sums it up!

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