However, it isn't just about the digital nomad lifestyle that gets people so excited. More so than getting rich by any measure, the masses are merely attempting to wrap their minds around generating a respectable amount of cash, enough to satisfy their expenses and leave a little bit of disposable income at the end of the day. While many look to fulfill that desire, very few, in fact, are able to follow through.
Become financially literate: Before you start investing, you must financially educate yourself. The financial industry wants to sell you thousands of different products, on which they’re making money in the end, not you. If you don’t understand 1,000 % in what kind of a product you’re investing your money, you’re probably going to lose it. So, if you want to get rich, you must understand financial products, taxes, legal aspects and other investment issues really well.
Become a virtual assistant. Virtual assistants perform a wide range of services for their clients, all of which can be completed online. Depending on the day, they may open and reply to emails, schedule online work or blog posts, write mock-up letters and proposals, or perform data entry. You can look for virtual assistant jobs on sites like UpWork.com and Problogger.net.
I’m a huge fan of blogging because I love writing and connecting with people all over the world. To give you an idea of what is possible with blogging, DollarSprout.com is part of a group of blogs that routinely brings in over $100,000 a month in revenue. While it takes time to build your blog up to that income level, you can get the initial set up done in under 30 minutes (no experience needed).
That being said, life in your 20s and 30s is not without its challenges; you might have student debt, a tenuous career, and dozens of unknowns that keep you from doing everything you'd like to build your wealth faster. There's no straightforward way to guarantee yourself a rich future, but these seven strategies can help you do it while you're still young.
Refinish old furniture from thrift stores, yard sales, or online ads. Sand down the furniture to smooth out the surfaces and buff off some of the old paint or stain. If you want to restain it, use a lacquer or paint thinner to remove the stain. Then, re-stain the piece. If you plan to repaint it, apply a primer and let it dry. Next, apply at least 2 coats of paint, letting each coat dry for at least 24 hours. If necessary, add new hardware to finish the piece.
If you’ve got experience and expertise in a specific area of business, there are hundreds if not thousands of business owners who would love to jump on a phone call and pick your brain. This can be an easy way to make extra money online and to hone your skills to use in your consulting or freelance business. Sites like Clarity.fm let you create a profile where entrepreneurs and business owners can pre-pay to book a phone call with you for a set amount of time. Whether you’re an expert in raising money for startups, building apps, or running a restaurant, you can make extra money selling a few minutes of your time to people in need.
After an extremely intriguing conversation with Clothier, I began to better understand the concept of arbitrage and how anyone can use it to succeed in any industry. The difficulty here is first being able to identify opportunities for arbitrage, and later being able to fully leverage those on a larger scale. But once you find what works, expanding and scaling becomes almost instinctive and native rather than some grand hurdle.
This is a fantastic article and it really has given me help. I want to go to this thing in the summer called Creation Fest and it has music and speackers to celebrate God and it costs a lot! I was looking for help and I found this. $100+ seems easy at first but then your stuck when your my age. Thanks a whole bunch and I will probably come back again.
For that reason, the story of an iconic online marketing legend and founder of, Real Estate World Wide (REWW), Kent Clothier, is one of the most inspirational modern-day fables about, not just attaining wealth at the highest levels, but also in reinvention, revitalization and the ability to produce multiple streams of revenue even when you're emotionally and spiritually bankrupt. This is an individual who played an integral role in building up a nearly $2-billion-dollar-per-year grocery-arbitrage business, but then walked away from it at 30-years old with no ownership retention.