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10 Famous Inventors Never Made Any Money With Their Inventions

Inventors are what push us forward as a species – some of them slave for years with dogged determination, and some of them chance upon it by sheer accident – and these inventions fundamentally change the way we live our lives. In this list we tip our hats to the inventors who, for whatever reasons, never made a killing from their inventions. We use all of them to this day and our lives are all the more convenient for it.

1. John Walker – Matchsticks

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This benevolent genius gave us fire, well, he gave us matchsticks and that’s more or less the same thing.

He worked as a small time chemist and he invented matches in the 1820’s which went on to change lives. But he refused to patent his invention against the advice of his friends and well-wishers because he wanted to make sure it was available for everyone.

2. Daisuke Inoue – Karaoke Machine

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Karaoke Machines, although Daisuke is responsible for the invention he never patented it and thus never made any money.

All the fun we have when we go karaoke we owe to Daisuke Inoue and while he made no money from his invention, let’s at least tip our hat to this Japanese businessman. Daisuke made money from playing drums in a backing band which let bar goers sing. One time he could not make a gig and so he put the backing music on a tape and later made 11 karaoke machines which he leased out. But the shortsighted businessman did not patent his invention and so he never made any money off it.

3 . Mikhail Kalashnikov – AK-47

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This soldier was responsible for the AK-47, at least it was named after him – Avtamat Kalashnikova.

Perhaps the most popular assault rifle, the AK-47 was invented by a Soviet Army soldier Mikhail Kalashnikov while he was in the hospital recovering from injuries he sustained in World War II. Since it was invented in 1947 more than 100 million have been manufactured and while the official manufacturer patented the design in the 90s, Kalashnikov never did – he always maintained that he had created it for the benefit of his country.

4 Sir Christopher Cockerell – The Hovercraft

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Although he invested his life in experiments towards the hovercraft, he had to fight to receive his due.

A lot of effort went into Sir Christopher Cockerell’s hovercraft. He conducted extensive experiments with a vacuum cleaner and tin cans to test his theories, and as the idea developed he was forced to sell some of his possessions to fund his work. Although Cockerell patented the design he had to fight for years to receive money that was owed to him by the National Research Development Corporation who put the hovercraft into production.

5 Sir Tim Berners-Lee – The Internet

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We owe this man our convenient lives, for he gave us the World Wide Web and he gave it to us for free.

We owe this article we are reading, and almost every aspect of our daily existence that has been simplified to a click of a button to Sir Tim Berners-Lee, the man who created the web to help scientists working at the European research laboratory at CERN. The first website was built at CERN in 1991, and from there the internet was developed. Sir Tim did not patent his idea and to this he has attributed the success of his invention, the fact that it was made available freely.

6 Harvey Ball – The Smiley

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A bit of harsh irony behind the most positive symbol of them all – the smiley!

Before the smiley went on to explode into its own language of emoji it was invented by Harvey Ball who first designed the emoticon in 1963. It was used to boost employee morale at an insurance company and he earned 45 dollars for the original design. He never patented it and the smiley took off and became very popular.

7 Nick Holonyak Jr – LED Bulb

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Did not seek recognition after inventing the LED Bulb, not even the Nobel Prize.

Nick Holonyak Jr invented the light emitting diode or LED in 1962 and predicted it had the potential to replace Edison’s lightbulb. While Holonyak’s colleagues believed he deserved the Nobel prize for his invention, the modest inventor said “It’s ridiculous to think that somebody owes you something. We’re lucky to be alive, when it comes down to it.”

8 Trevor Bayliss – Wind-Up Radio

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The Wind-Up Radio still has high sales, but the inventor lost ownership of his product when the design was upgraded.

The man behind the wind-up radio and several other inventions Trevor Bayliss has said, “Most of us don’t do it for the money but for the buzz. I know that at least I’ve left my mark with the radio, the wind-up torch and other things I’ve invented.” Sir Trevor’s device was invented in response to the need to communicate about AIDS to people in Africa. Although recently it was said that he could no longer afford to live in his home in Twickenham, London, because despite the high sales, the company he went into business with were able to tweak his design and he lost control over the product and profits.

9 Douglas Engelbart – Computer Mouse

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He invented the computer mouse even before people figured out what to do with it.

Douglas Engelbart’s invention was ahead of its time, he invented the computer mouse and patented it in 1968, when he came upon the idea. But the patent expired in 1987 and it was only after that the technology became widely used – since then nearly a billion computer mice have been sold.

10 Laszlo Biro – Ball-Point Pen

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Ball-Point Pen was Biro’s invention, but he sold too quick to BIC before he could make any money.

Exasperated with leaky fountain pens, Laszlo Biro invented and patented the ballpoint pen in 1938. But Biro sold it to Marcel Bich shortly after in 1945 whose company BIC pocketed a huge chunk of the cash from the 1090 billion pens that have been sold since.

And so that brings us to the end of yet another list. While some of these inventors believed their inventions were for the benefit of the people, the others were gypped out of what was rightfully theirs. Least we can afford them is recognition.

4 Ways To Save Money On Bills

Bills are probably my families biggest expense every month, so that’s why I think it is critically important to find ways to save money on bills wherever possible.

Let’s face it, no one enjoys paying bills, but it is a necessary evil if you want to enjoy things like running water, electricity, sewerage facilities, insurance plus much more. So it’s important to understand where your money is going and what you can do to limit the damage it does to your budget

How To Save Money on Bills

There are plenty of different ways to save money on bills, so let’s go through a few of them.

My Four Ways To Save Money On Bills

 1 Way To Save Money On Bills Pay bills manually

With the wonders of the internet and online banking, many people have their bills setup as a direct debit payment from their bank account each month or year.

The first thing I would do is to stop having your bills paid from your credit card or your bank account automatically. It might seem easy to just pay it without having to check it, but you will also likely become complacent and just accept price increases because it is too easy just to leave your setup the way it is.

2 Way To Save Money On Bills Shopping around

One of my favorite ways to save money on bills is to shop around for better deals whenever a bill comes due. So many people get caught out by just paying the bill because they don’t have the time to shop around.

Now going around and either ringing or visiting companies offices to get the best deal can be very time consuming, so I recommend using product comparison websites wherever possible. These websites are purpose built to assist you in finding the best deal possible based on your requirements.

3 Way To Save Money On Bills Ask for better deals

I realize that negotiating isn’t something that everyone is comfortable doing, however it can end up saving you a lot of money, all you have to do is ask.

Whenever a bill comes due, do your due diligence and shop around, then when you have identified the cheapest option phone your existing provider and tell them that you are considering moving to someone else who is offering the same product or service at a lower price, but that you would prefer to stay with them so long as they can offer you the same level of savings.

You will be amazed just how many companies will be willing to slash their prices to keep you as a customer. Although not everyone will, and you have to be prepared to change service provider if they will not come to the party.

4 Way To Save Money On Bills Pay Bills Yearly

Something that my wife and I try to do as much as possible is to pay bills yearly instead of monthly. The reason for this is that quite often the bills will have discounts available for people who pay a yearly amount up front, rather than the smaller monthly installments.

In some instances this has saved us up to 10% per bill, which as you can image will add up to some decent savings over a lifetime.

3 Ways to Make Money Online Fast

Let’s take a look at 3 ways to make money online fast that you might not have normally thought of. You don’t coffee-cup-mug-applehave to put out a single penny and you can begin to make some money. These three opportunities are smaller gigs that can generate a steady stream of cash, which can really add up.

1. Provide Answers

If you are a subject matter expert or you are expert of finding answers to any question, this is one option for you. There are websites like JustAnsweres.com, where customers asks questions and wait for answer from expert. You need to signup as expert and choose your speciality and once your application is approved, you can start answering to customer’s question and get paid.

2. Affiliate Programs

ClickBank.com is online marketplace for digital information products. They pay commission upto 75 % and there are more than 10000 products you can choose from. Signup as affiliate and select the products you want to promote and and earn commissions for each sale.

3. Perform a Microgig

You can provide services online at task marketplaces like Zaarly.com or Fiverr.com where workers complete tasks starting as little as $5 per job. You can also head to MTurk.com where there are more than 200,000 tasks listed to make money online with various work requirements and pay. Your pay goes into your Amazon payment account once you complete a task.

Your skills can be used for almost anything. You will be competing against those in developing nations, so you have to be willing to work for pennies. There is still money to be made as long as you carefully assess the task before taking it.