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Very thorough and interesting list! I really loved this post and wanted to thank you for sharing, very helpful. I am fortunate enough to make a full-time income and support my family working from home, and I know many others who do as well. One thing I have realized working from home and making money online for years now is that the more people you genuinely help, the more money you end up making. Helping others to succeed will in turn create you a large following of loyal customers. If you have a loyal customer base and followers, you then have the perfect target audience for your business.
i strongly agree with u mcneri. most of the comments failed to impart the essence of becoming a millionaire. having good intentions to become a millionaire, like building foundations for the less fortunate pips, giving employment etc., aside from wanting to achieve financial freedom is a sure way with the guidance from God. FAITH and ACTION is a must… i am not there yet but with this mind, I CAN DO IT.
25. Products – You can create your own product, such as an ebook or computer software. You would then use your blog as a promotion tool to get people to buy your product. As long as you create a legitimate product with a whole lot of value, you should be able to get some buyers, but like everything else with a blog, you’ll need the traffic to get the sells.
One man’s trash is another man’s treasure. This is ever present in the sneaker world. I am an avid sneaker collector and a huge part of the culture is buying and selling your sneakers to keep updating your stock with your current favorites. I use a website called Kixify to buy and sell some of my sneakers and it is just like Ebay or Craigslist. Whenever I need money for whatever reason, I always look to see if I have a pair of shoes I am no longer in love with and willing to sell.
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.
Seek a payday loan or title loan as a last resort. Companies that offer payday and title loan services typically offer extremely high interest rates (sometimes with percentages in the hundreds). If you cannot pay the loan and any interest back within the stated timeline, you risk even higher interest costs or, in the case of a title loan, the loss of your car. Avoid these types of loans in all but the direst circumstances, unless you are certain you will be able to pay the loan back.
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.
Invest your savings smartly: You have full control over your spending, at least if you can control your emotions and avoid stupid purchases. It’s a lot different when it comes to investments. There are many factors beyond your control, from market trends to other people involved. That’s why the most frequent way of going from rich to poor is not lavish spending (except for lottery winners), but bad investments. Putting your money in a mutual fund is very far from smart investing. You don’t have to be a full‑time investor (since you have a daily job), but you have to be extremely smart about who you trust to manage your money. As we said, you must become financially literate.
It’s stressful when you need to make money fast to pay a bill or buy something you need, but you do have options. You can sell goods and services, recycle or scrap items, do some odd jobs, profit from your body (legally), or borrow money. These methods may or may not be reliable long-term, but when you need to make some money in a few hours or days, they are your best shot!
You might find, when speaking with millionaires — especially self-made millionaires — that there is an element of optimism and joie de vivre. Many millionaires know that if things go wrong, it is possible to find the bright side, learn from mistakes, and move on. Additionally, many millionaires know how to enjoy life as well. Many successful and happy millionaires understand that there is more to life than just amassing wealth; sometimes you need to spend time with your family and friends, eat good food and relax a little. However, the ability to find a silver lining, and to have the persistence to try again, is one of the defining traits of a millionaire.
When it comes to starting a business, there are three important factors that define the potential. The innovative idea, executive team and markets. Markets have an especially big impact, because only businesses that operate on big markets, preferably in fast-growing industries, can become big and profitable. You must never forget that markets always win.
23. Affiliates – There are many affiliate networks, such as FlexOffers and CJ Affiliate that allow you to promote other people’s products and services. You simply put a link or a banner on your page and then you get a percentage if someone clicks through and buys the product/service. You’ll want to select products that are specifically within your blog’s category.This is an effective way to earn money once you have the traffic coming to your blog.
I started reading your e-newsletter since I found out about you from Mo Money Podcast. I love this content and I can tell you what my side hustle is that was not mentioned here. I have been a virtual translator via Upwork (freelancing platform). Since I’m originally from Japan, I started offering beginner to intermediate level translation last year. Since then, I have delivered over 6 dozens projects all satisfactorily. I like that each and every project is so unique and it really stimulates my brain and challenge myself to deliver high quality translation services. My hope is that one day when I get pregnant or want to stay home with my babies, I can just do this freelancing job and quit my 9-5 job. Upwork offers so many types of freelancing jobs other than translation, so I recommend to anyone who wants to capitalize their underutilized talents.
I am a little late posting this, busy due to the holiday season. I love finding ways to make extra money. I have been using ebay for about a year, and sometimes make as much as I do at my job. My regular job is doing things for people that they cannot or don’t want to do for themselves. I am a personal assistant, house sit for people who own beach houses, clean out and organize closets and entire houses. The bonus to organizing closets is that they don’t want what they clean out, so I can sell it on ebay too 🙂
Using the money you already have to make more money is usually a pretty smart move. A service like Lending Club is a great way to act as a lender and earn interest on your money. Essentially, you act as the bank, which is pretty neat. Lending Club is the world’s largest online credit marketplace connecting borrowers and investors. Definitely something worth looking into!