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Archive for: 2017

Year: 2017

WORK FROM HOME

 

You can make extra money by:

1. Starting your own brand and selling it through Amazon FBA. Pencil in 4-6 months in design, manufacturing and shipping. You can make anything from £400,000 to £1million a year.

2. Starting a blog. It might take 6 months to get traction, but if you work hard and promote hard, you can make £10,000 a month from affiliate links and adverts.

3. Offering business consulting or coaching over the phone. If you charge £200 an hour and get 1-3 clients a month, it is very worthwhile.

4. Writing a series of books and self publishing them. You can make good money by doing huge quantity. For instance, you can publish a book a week  with 5-10,000 words. You can make an extra £500 a month with one book.

5. Starting a YouTube Channel. If one good video goes viral, you can make £5000 from YouTube ads.

6. Buying stuff cheaply on discount and reselling for a profit on Ebay or Amazon.

7. Starting a T-shirt dropshipping business. You can make an extra £100 a month completely passively from this.

 

Credit card

 

Avoiding Impulse Spending

 

Answer these questions truthfully:

 

1.)   Does your spouse or partner complain that you spend too much money?

 

2.)   Are you surprised each month when your credit card bill arrives at how much more you charged than you thought you had?

 

3.)   Do you have more shoes and clothes in your closet than you could ever possibly wear?

 

4.)   Do you own every new gadget before it has time to collect dust on a retailer’s shelf?

 

5.)   Do you buy things you didn’t know you wanted until you saw them on display in a store?

 

If you answered “yes” to any two of the above questions, you are an impulse spender and indulge yourself in retail therapy.

 

This is not a good thing. It will prevent you from saving for the important things like a house, a new car, a vacation or retirement. You must set some financial goals and resist spending money on items that really don’t matter in the long run.

 

Impulse spending will not only put a strain on your finances but your relationships, as well. To overcome the problem, the first thing to do is learn to separate your needs from your wants.

 

Advertisers blitz us hawking their products at us 24/7. The trick is to give yourself a cooling-off period before you buy anything that you have not planned for.

 

When you go shopping, make a list and take only enough cash to pay for what you have planned to buy. Leave your credit cards at home.

 

If you see something you think you really need, give yourself two weeks to decide if it is really something you need or something you can easily do without. By following this simple solution, you will mend your financial fences and your relationships.

Live Your Passion

 

We all begin thinking about what we’re going to be

when we grow up at a very early age. As we grow and

learn more about ourselves and life, those career

ideas change and grow.

 

As we experience new relationships, hobbies and events

in our lives, we develop interests and ultimately we

become passionate about some of them. It’s these

passions that make the stressors of life dissipate.

 

What may have been a passion in our twenties may very

well change in our forties or fifties or beyond. We

may find that the career we chose in college no longer

satisfies our needs, once our basic needs have been

met.

 

While once our passion was making enough money to pay

the bills, our passion in our fifties may become a

desire to help others. As we’ve developed personal

skills, we may find that we are gifted in public

speaking; what could be better than talking about your

passion and making money at the same time?

 

Unfortunately, many people fail to live a life filled

with passion. Fear of rejection or of success keeps

many people from pursuing their dreams; many people

simply don’t have enough faith in themselves to reach

for the stars.

 

What makes you happy? Do you have a hobby that you

just can’t get enough of? Take the step of writing

down any way that you could make money at doing your

favourite thing and try it in your spare time. You

might find a new career doing exactly what you are

passionate about!

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