Need Money and Have a Rugrat? Consider Starting Your Own Daycare

According to the National Association of Child Care Resource & Referral Agencies, parents in the United States pay an average of $11,666 per year for daycare. Nationally, daycare prices range from $300 to $1,564 per month, and can even be as high as $2,000 per month in expensive cities like Boston or San Francisco.

Cost alone is why many parents choose to start their own daycare at home. However, you need not be a parent in order to start a daycare; at-home daycare can also be a lucrative business.

How to Start Your at-Home Daycare

  1. Find out your state requirements.

Daycare licensing regulations vary greatly state-to-state, so don’t assume that what’s OK in one state is OK in another. The biggest difference between states has to do with required caregiver licensing as a function of the number of children in your care (that are not your own). In some states like South Dakota, you can care for as many of 12 children without needing a license, while in states like Texas, you must have a license to care for even one child.

  1. Get registered.

Even if you don’t need to be licensed in your state for the number of children in your care, all states do require that you at least register as a family daycare provider. Luckily, most state registration forms are easy to fill out and require not much more than your name and insurance company information. Speaking of which…

  1. Get insured.

Kids are prone to fall, get injured and generally get into trouble. Protect yourself, your business and your assets by buying daycare insurance early on. Most major insurance carriers offer daycare insurance, which is really just a form of business liability insurance.

  1. Get incorporated.

Along the lines of protecting yourself, you should become incorporated as an LLC to protect your personal assets from being seized in the event of a lawsuit. If you operate your at-home daycare as a DBA (doing business as) or sole proprietorship only, you risk losing your home and other personal assets to a court judgment made against you. By having an LLC in place, you only risk losing your business.

  1. Perform necessary home improvements/adjustments.

For a variety of reasons, you should childproof your home. Install gates in areas leading to stairs, cover all electrical outlets, and lock your firearms. You should also keep a fire extinguisher in your kitchen. If you have a backyard, it will probably need to be completely fenced in and safeguarded from physical dangers like a swimming pool and/or fire pit.

  1. Get CPR and first aid trained.

Despite your best intentions and preparations, kids are prone to choking on things as well as cutting and/or injuring themselves. To prevent a possible tragedy, you should get trained in lifesaving techniques like CPR and first aid.

  1. Prepare for a site inspection.

If you opt to become licensed, the state’s department of health will pay you a visit at your established daycare facility to make sure your environment is up to code with state safety and cleanliness requirements. Some states will periodically inspect your home even if you are only registered and not licensed.

Common inspection points are listed on your specific state’s inspection application, such as this one offered by the State of Connecticut. Keep in mind that staff and child immunization is also considered part of facility safety.

  1. Check your contractors and/or employees.

Most states require that hired employees pass a background check and not be felons and/or convicted sex offenders. This means that you will need to conduct background checks on anyone you hire and pay for services.

Additional at-home daycare considerations

While these are the most basic requirements for starting an at-home daycare, they are just the beginning. The following items should also be considered, especially if you wish to maintain your business for many years and be profitable.

Revenue. As with any business venture, you’ll want to calculate how much money you need to generate per month/year in order to make revenue and a decent profit from your venture. Knowing this amount before you start your business is ideal because it will help you plan for licensing (or not) and negotiate a fair price for your services.

Marketing. It’s easy to forget that your business should always be undergoing some kind of marketing. You can advertise your at-home daycare by buying an ad in the local newspaper, by putting up flyers in stores and other public buildings, or even by using email sign-ups to disseminate your services and messages.

Education. Although it’s not absolutely necessary, you could eventually consider taking early childhood classes. By having this education under your belt, you’ll be more qualified for your job and thus more justified in commanding a higher price per child. Likewise, knowing how young minds work will help you better manage your brood and keep everyone in line (as opposed to destroying your house).

Finally, education opens up additional career directions to you; for example, you might wish to apply your newfound skills and open up a preschool or an after-school structured study program. You might offer early education tutoring as well as daycare. All these added options help raise your daycare rate.


Home daycare businesses can be lucrative and allow you to take care of your own kids by staying at home. While there are some hurdles to overcome in getting started, at-home daycares actually don’t require a lot of startup capital. Furthermore, the business can be started by nearly anyone.

Roy Tribble of Scam Watchdog: The #1 Most UNtrusted Binary Options Review Site

Question: What’s the easiest way you can make your latest binary options get-rich-quick scheme seem legit, especially when there are websites like RealScam exposing it for the scam that it is?

Answer: You generate the persona of a trusted retiree who now tests binary options trading platforms and can tell the scams from the legitimate ones. Furthermore, this “expert” is so outraged by other online scammers that he calls them out by name and attempts to debunk their “scams.”

Case in point: “Roy Tribble” of Scam Watchdog. Here’s Roy decrying how affiliate marketers (you know, scammers) push their wares on unsuspecting online consumers and use nefarious means to capture emails. By the way, please note the photo placed next to the name of Roy Tribble- you’ll see this same photo later on in my review.  tribble4

This character claims that he is testing binary options trading platforms and setting aside the ones that pay out at least 51% of the time. Furthermore, this financial expert not only reviews the platforms for you, he also integrates the “winners” with his own free trading software, so that the chances of you making money on your binary options are even better.

Roy claims that he is making no money whatsoever from promoting the decent binary options platforms. He also wags his finger at sites like One More Cup of Coffee for posting affiliate links and trying to capture reader emails. However, if you click on one of the binary options platforms that Roy recommends (where the text says ‘Click here to sign up’), such as the Artificial Intelligence App, you’ll see something intriguing about that link:


The entire link, when clicked, appears as follows: id= 102d4d2404177637faffba77ff8963 &offer_id=138&affiliate_id=1&affiliate_sub=490227940 &affiliate_sub2=cubd1& affiliate_sub3=&affiliate_sub4=&affiliate_sub5=

Gee, this looks like an affiliate link to me!

On the above page, Roy claims that he is making good money using the AI App. I’ve Tried That recently published an AI App review and found it to be a complete scam full of fake testimonials and an imaginary Dr. John Clark, PhD.

Here’s another link that Roy posted to his other recommendation, Binary Matrix Pro:

Yet another affiliate link. Just like with AI App, I’ve Tried That also published a Binary Matrix Pro review and found it to be a scam.

As for not capturing emails, Roy’s site eventually asks you to sign up for his newsletter through several different means, including this pop-up.


What really drives Scam Watchdog?

If you listen to Roy’s Welcome Message to New Visitors, you’ll hear a supposedly 62-year old retiree tell you how he created his amazing binary options software after talking to a binary options expert. Of course, Roy “can’t name who he is yet” but “I may do that in the future.” This trading expert told Roy a big secret about binary options trading that then led Roy to create his own super signal software.

That’s the flowery introduction to Scam Watchdog. But what really drives the site is this: Roy reviews and recommends binary options trading platforms to his readers. The recommended trading platforms are all affiliate linked to Roy. He also recommends that his readers accumulate and open a minimum of 20 (or even 40) of his “Master List” of recommended platforms.

After his readers have opened up all these platforms, Roy promises to give them his free Super Signals software to link to those 20 or even 40 platforms. Supposedly, this free software will improve the readers’ odds of making the correct call on a binary option, resulting in them “winning” their yes/no calls more than 51% of the time.

Naturally, no binary options platform is going to operate without a cash infusion. Typical binary options platforms require at least a $250 minimum investment. Thus, a person who opens and funds even 20 of Roy’s recommended platforms needs to invest at least 20 x $250 = $5,000.

What Roy never states is that, when people open and fund those recommended trading platforms listed on his Master List, good ol’ Roy gets a big fat commission from every new account. Many binary options platforms pay as much as a 50% commission per subscriber. Thus, even if a person provides his trading software for free, he still earns money.

Then there is the matter of the recommended trading platforms. One such platform that Roy recommends is CTOption. This platform pays out only 50% of your initially placed sum if your option expires in the money (i.e., you make the correct call on an option). If your option expires out of the money (i.e., you make an incorrect call on an option), you lose your entire payout or 100%.  So, on average, your calls will result in a net loss for you.

Of course, Roy’s software is intended to improve your odds of having your options expire in the money. However, he doesn’t talk much about the software or how much it improves your odds. Roy mostly talks about the other binary options platforms you need to download and fund.

Who is Roy really?

Even if you’re willing to take the risk and use the binary options trading platforms that Roy recommends, consider the following troubling indicators about the individual who goes by the name of Roy Tribble. Here is a picture of the guy you are supposedly getting trading advice from:


Roy looks fairly trustworthy, at least according to his photo (which also appears on his LinkedIn and Google+ accounts). However, a simple Google image search reveals the following truth about Roy:


It looks like Roy is available for the low resolution price of $50.

Another troubling indicator with Roy is, when you go to his Google+ account, the following URL is displayed:


Scam Watchdog also uses the URL of after you click on any of its internal links.

Who is this Dr. Bill H. Weld? Luckily, the WayBack Machine provides a possible answer. If you use WaybackMachine and go to June 25, 2014, you find the following information displayed on the website:


Who is Justin Tribble?

If you search on his name via Google, you will eventually find several websites and YouTube videos that link Justin to a “Nano Domestic Quell” hoax involving a man named Dr. Bill H. Weld. The story behind Nano Domestic Quell is that the U.S. government is conspiring to infect all citizens with a deadly flu virus that can be triggered at a moment’s notice through cell phone towers.

On the Scam Watchdog website, there is a page where Roy Tribble explains the entire conspiracy that his “nephew,” Justin Tribble, had become involved in. Roy emphatically denies that Dr. Bill H. Weld is not a real person or a hoax. There’s just one problem with Roy’s denial- there is a YouTube video in which Justin is documented as confessing to the Bill H. Weld hoax. How is this explained away?

On Roy’s page, it’s noted that the U.S. government forced Justin to confess that the Dr. Bill H. Weld flu virus conspiracy was a hoax:

So, to recap, I had “admitted” the “hoax”.

However, just a year prior, that same Justin Tribble was the perpetrator of an actual hoax, which he did admit to on ABC news. This earlier hoax involved Justin tweeting that a well-known pastor (Joel Osteen) was going to resign from his ministry. The minister graciously chose to turn the other cheek (i.e., not sue Justin) regarding this prank.

The ABC news segment showed Justin’s Nevada driver’s license at one point. On that screen shot, the license shows the name of Justin Roy Tribble.


So, according to these data, it appears that Roy is Justin. And if Roy is Justin, and Justin has pulled off at least one officially documented prank, then how believable is the entire Scam Watchdog site anyway?

The Bottom Line with Scam Watchdog

Would you entrust your investment decisions to someone who generates online hoaxes and posts stock photos of himself? I know I wouldn’t. Likewise, would you use software that is created by someone who can’t even name his secret source/expert and who provides no evidence of how this software looks or functions?

If you want to start engaging in binary options trading, there are plenty of registered platforms out there that have been examined by the SEC. Otherwise, you stand to lose your invested funds very easily.