I have a question. I am 24 and I just started selling commercial insurance. My wife and I have about 70 k in student loans which we plan on paying back asap. I am going to have an additional 10k on top of my salary next year which I plan on saving until the end of the year and allocating it as I see fit. Everything I read says “compounding interest is the bomb” but then says “don’t save, pay down debt”. Now, I hate debt but I want to take full advantage of our young age and compounding interest. What would you recommend I do with extra 10k if we already put and extra $200 towards debt a month and we have an emegency fund in place? Fully Fund our IRA’s for the year or pay down a loan? I feel like there is no right or wrong answer. Your thoughts?
A good source of extra income is Power Lead System. Monthly charge of total $53 you get an all encompassing virtual Marketing Training in a box. You get lead capture and landing page templates you can edit. Auto responders, hosting, video training, email campaigns with a complete contact manager, virtual postcards, email swipes, everything all for just $53 per month. It’s $30 plus an optional Affiliate program for $23 that pays monthly residuals. long with the Affiliate you get a professional marketing system called Endless Leads by Max Steingart, no charge, it retails for $500, it’s yours while a member. You have to check this unbelievable web marketing system out. You will be impressed. All for less than $2 per day.
It can take time to build up your personal freelance business. Yet, there is more demand than ever for freelancers. So, if you want to kick start making money online through freelancing you can join one of the top freelance networks, such as Flexjobs, SolidGigs, Contena, Upwork, Fiverr, or PeoplePerHour. Sign up, build your profile, upload some samples of your work and start making extra money by doing small freelance jobs.
It can take time to build up your personal freelance business. Yet, there is more demand than ever for freelancers. So, if you want to kick start making money online through freelancing you can join one of the top freelance networks, such as Flexjobs, SolidGigs, Contena, Upwork, Fiverr, or PeoplePerHour. Sign up, build your profile, upload some samples of your work and start making extra money by doing small freelance jobs.
Felix Dennis makes many good observations in this unusual book about getting rich. It is unusual because unlike so many other books on the topic it is written by someone who actually got rich from businesses other than writing books about becoming rich. This book also does not talk about the law of attraction, unless it's his law of attraction where you work long and hard for many years on the right business and then the money is attracted to you.
How are we doing? My wife and I earn a decent living, but along the way, we made several lifestyle choices which reduced our income, including the decision for my wife to be a stay at home mom. I firmly believe we will still become millionaires – even in a one income household – and the reason I hold firm in this belief is that we follow the rest of the steps in this article.

Build your audience on a course community: If you’re just getting started building an audience for yourself and want to leverage communities already actively looking for content you can choose to host and sell your online course on a site like Skillshare or Udemy. These are easy, cost-effective ways to build an audience and test your niche to see if there’s demand for it.


While droves of individuals salivate over the ability to live, work and play anywhere in the world that they chose to, most are primarily fixated on the ability to just earn a bit of money online. One stream of revenue would likely make the world of difference to many folks. But doing that seems to be an ever-increasing technical challenge. So it isn't about getting rich for a large degree of people, but rather, finding a way to earn just a little bit more money without all the added time it might take.
You’re already broke, and your car just conked out. Or maybe you’re cash-strapped until next week’s payday, but you’re short on rent, can’t make the minimum payment due on your credit card bill, or simply forgot you need to chip in for a birthday gift. When you’ve run out of money, there’s an endless number of reasons why you might need cash – quick.

Tenants sounds good, but can be a toxic problem as I recall before of one studying Religion and Ministry somewhere and claimed to be clean and laid back, but came to light by another tenant he stayed with to have a bad temper, bad attitude and never clean up his own dishes and have his stuff scattered in living room without first discussing with his roommate and always asked other roomie for rides and money as a moocher and would get pushy if his roomie refused as unable to at times.
If you love kids, sign up for Care.com or SitterCity to spend a few hours a week babysitting. These websites verify both babysitters and those seeking sitters with background checks, so you can ensure you're conversing with a reliable source. Babysitting rates vary based on years of experience, number of children, and hours per week. According to ZipRecruiter, the average hourly rate for a babysitter is $28. Use Care.com's calculator to plug in your experience and find out how much your should be making an hour as a babysitter.
The last step resides in the concept of contribution. Even if you have no money, find a way to contribute to others. Look for opportunities where you can help those around you. Whether they're in need or not, this mindset will drive home the point that you have more than you need, even if you physically don't. Search for ways, every single day, where you can contribute either your time or your money to those who might be less fortunate, because that's the true essence of success in every form.

With the economic crisis, people are happy to have any kind of job, even the ones that don't pay well. However, there are challenging jobs where you will be assigned in places where living is hard because of the climate, crime rate, and civil unrest. Jobs like this will reward you with a six-figure salary and free housing, as well as, travel opportunities.
28. Subscription – If you think of something valuable (newsletter, online magazine, etc.) that you can consistently offer on a certain basis (weekly, monthly, etc.), you may want to offer a subscription service. This could be a fee charged each time your product is sent out or on a monthly basis. Either way, this has to be something that your customers can only get by subscribing to your website.
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.
A second topic I really like is the fallacy of the great idea. You do not need some great, original idea to be successful. Really all you need to do is take an existing idea and put a new spin on it. Do it better than anyone else. Combine two existing ideas that have not been combined so far. Take a look at Mcdonalds. They do not make the best hamburger in the world. They are not even close. But they do the whole process better than anyone else. The idea is not important, the proper execution of the idea is where the money lies.
If you're running on fumes, financially speaking, but you have some money coming your way soon, consider pawning something of value to borrow fast cash. Of course, to get those items back you'll need to pay back the loan with interest. If you don't pay it back in time, that you'll lose the item. If it's really something that has a lot of intrinsic value to you, don't do it. But if it's something that doesn't, you can certainly consider it depending on your situation.
If you’ve got gift cards lying around that you never manage to use – maybe you’ve got $50 to Longhorn Steakhouse, but you’re a vegetarian – you can sell them at a discount through gift card exchange sites such as CardCash.com. Once the site receives and verifies the balance on the card (e-cards are obviously handy, but they’ll pay for you to mail in physical gift cards), you can get paid in as little as two days.
I couldn’t disagree more. The concept of systematic saving and hoping for a solid average return in the markets isn’t something that I believe in anymore. I’m 32, and have been investing in the markets since I was 18, under the assumption that if I set up automatic contributions throughout my life I would ultimately be “rich”. I started by maxing out my SEP-IRA and then by maxing my Roth. I invest monthly in a range of products, again, all with the goal of cost averaging the market to my benefit over time. Fast forward 14 years from when I began, and I have accumulated less than $60k. My invested dollar amount exceeds my current total, as it did even at the recent market highs in 2007. In other words, investing for the long haul doesn’t work like it used to, particularly for my generation. The first decade of wage earning is the most important in terms of compounding interest, and we have just experienced a completely lost decade. The hopes for recovery to make up for that lost decade (14 yrs in my case) do not appear reasonable. David
Medium is an online community where anyone can post articles and essays and get them in front of their audience of millions of monthly readers. While it can be a great place to build your audience for your own blog or find customers for your consulting business, with Medium’s new Partner Program, you can now make money online whenever someone reads your articles. Register for free and you can choose whether your articles are freely available or only readable by those people paying $5/month for a premium Medium membership. You’ll make money based on the amount of people who read and engage with your posts each month.
So, I put together a free master course for you to take that spreads out all of the work involved in starting a blog, into a series of action-packed lessons. My free course breaks the entire process of starting a blog down into an incredibly simple 7-day process for going from 0 to brainstorming the best blog post ideas, publishing (and promoting) your first blog post in just 1 week. We also cover beginner and advanced ways to learn how to make money blogging in the course. I can't recommend it enough.

Get paid to search the Web. Sites like Swagbucks.com and Zoombucks.com will pay you to use their online interface to search the web. To qualify, you need to be willing to download their search bar and use it for everyday Internet use. The only caveat that comes with this “gig” is that you might be paid in gift cards instead of cash. If you can parlay those gift cards into items you need to buy anyway – like groceries or gas – searching online can be a lucrative way to spend your free time.
Please note that some of the links below are affiliate links and at no additional cost to you, I will earn a commission. Know that I only recommend products, tools and learning resources I've personally used and believe are genuinely helpful, not because of the small commissions I make if you decide to purchase them. Most of all, I would never advocate for buying something that you can't afford or that you're not yet ready to implement.

Take the phrase “one person’s trash is another person’s treasure” to heart by purging your closet of clothes that you don’t wear anymore. You’ll have the best luck selling items that are on trend, so consider purging items that are still in style, but you don’t wear anymore. Head to a local thrift shop or consignment shop to see how much your clothes are worth!
Residual passive income involves assets that pay you monthly for little to no work, or from work you did once but no longer do. This income is key to automatically generating wealth over time. Some examples include collecting royalties from books you wrote, selling advertising on your blog or website, or selling digital products like e-books, online courses, online workshops or videos.
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.
Great article, I have tried a few over the years. I had a side business cleaning offices for years. It did great, but I hated never being able to take more than 3-4 days vacation, so I eventually gave up. I tried MTurk, but if you multiplied my earnings on an hourly basis, it was a little over $6/hr. My blog is much worse, probably less than $0.25/hr.
Another advantage of having some cash savings is the ability to use the money for investments or other large purchases when you come across a good deal. This could be a something like an investment, property, or just a good deal that saves you thousands of dollars on a major purchase. Take advantage of these principles and save money whenever possible.
Double check yourself, before you double wreck yourself. Make sure everything you send to a company, whether a résumé, an email or a portfolio, is good to go. Double check your grammar and wording, and for God’s sake use spell check! This is especially important when it comes to the company’s name. Don’t spell their name wrong and be sure to type it how they type it (e.g. Problogger, not Pro Blogger).
Español: ganar dinero, Deutsch: Geld verdienen, Português: Ganhar Dinheiro, Italiano: Fare Soldi, Nederlands: Geld verdienen, Français: gagner de l'argent facilement et rapidement, Русский: много зарабатывать, 中文: 赚钱, Čeština: Jak vydělat peníze, Bahasa Indonesia: Menghasilkan Uang, العربية: ربح المال, Tiếng Việt: Kiếm tiền, 日本語: お金を稼ぐ, 한국어: 돈 버는 방법, Türkçe: Nasıl Para Kazanılır, हिन्दी: पैसे बनाएँ (Kaise Paise Kamaye, Make Money)
First off, I’m a blogger so it seems wrong not to mention it, but more importantly, it’s a legitimate way to make money. It’s quite possibly the least straight-forward way on this list, but it’s very doable and it’s also quite possibly the funnest way on this list. I love blogging and I know hundreds of bloggers who feel the same. So let’s talk about making money blogging and what it really means.
Abby made over $110,000 from sales of digital products (such as eBooks) in 2015, and even more than that in 2016. She started three years ago knowing nothing about blogging and now makes six figures a year, due in large part to her eBooks. She is now teaching others the process she uses to write and launch profitable eBooks, and you guys, it is genius!
Prior to that group, they had an online community for teachers looking for lesson plans. That probably sounds pretty random, but it's crazy the type of communities you can build and rally people around. If it's something that you're passionate about yourself and you want to connect with others that have that same passion, then an online community is something you should definitely consider.
The last step resides in the concept of contribution. Even if you have no money, find a way to contribute to others. Look for opportunities where you can help those around you. Whether they're in need or not, this mindset will drive home the point that you have more than you need, even if you physically don't. Search for ways, every single day, where you can contribute either your time or your money to those who might be less fortunate, because that's the true essence of success in every form.
Ryan and all, thanks for sharing these encouraging thoughts and ideas here. After going through all comments I feel “to become a multi-millionaire” is no longer a secret..its all about handling money in a disciplined way. I am really excited to explore this finance world and in that context I need one help from you all experts. Could you kindly recommend me some books (for a beginner) on asset allocation/portfolio management. Thanks for doing all great work here. This site is now bookmarked ?
Invest in real estate. Relatively stable assets like rental properties, or potential development land in a steadily growing area is a good way to build wealth. As with any investment, there are no guarantees. Many people, however, have done quite well with real estate. Such investments are likely to appreciate in value over time. For example, some people think that an apartment in Manhattan is almost guaranteed to increase in value over any five-year period.
Do you enjoy fast food or going into retail shops? Many companies hire mystery shoppers to test the customer service of their stores. A common one is Subway, which hires mystery shoppers to ensure that "Sandwich Artists" are following all the franchise guidelines. If you have time and can travel to different places, this could be a good side hustle.
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