I truly believe that if you want to attain the status of being a millionaire, one must make the necessary adjustments in life. The status of being a millionaire entails a lot of sacrifices but what is more realistic is that it is achievable and doable. More than anything else, be a millionaire for it takes to be one – frugal, investment conscious, earning more than what you spend, paying yourself first, diversifying your investments by not putting all your eggs in one basket alone, intuitive, resourcefull, sound knowledge in financial language and accounts, passionate, loves what you are doing, charitable, innovative, seizing initiatives in the market plays, delaying instant gratification and always never sacrificing the needs of your family in terms of financial needs and matters.
If you want to be a millionaire, it helps to know what you want, and then have the discipline to go after it. When you set a goal, you focus on it and pursue it. This means that you don’t get sidetracked by less important matters. If you know that you need to set $1,000 a month aside in order to meet your millionaire goal within an allotted timeframe, you focus on that. You cut expenses or, better yet, look for ways to increase your income, so that you can meet your goal. Sometimes it’s not fun, but millionaires usually stick with it.
Regardless if you need to earn some fast cash or we're just talking about making money in the grand scheme of things, there's an important psychology that needs to be mentioned before getting into the strategies. If you study Freud's model of the mind, you'll discover the Psychic Apparatus. It's the three-part construct in your mind that controls all of your behavior.
If you live in an area where Uber or Lyft operate, why not become a driver? If you're looking to make some short-term cash, you can definitely rake it in by working for one of these popular car-hire apps. As long as your vehicle fits within the specifications of their program, and you have a clean license, you could do this on the side, especially if you're in a crunch for cash.
Ever since the idea of online auctions came into existence, the online selling market has been on the rise. Many are interested, but don’t know how to get started. There are still all kinds of ways to make money by selling online, whether you’re selling what you already have or buying and selling like a store. Before we get started, here are a few general tips when selling anything online:
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?
Build up a following on your Instagram account and you could quickly be making extra money online. Major brands, gear companies, and even startups are willing to shell out $500-$5,000+ per post to get in front of your audience. While it’s getting harder and harder to build a massive Instagram audience, if you already have a solid niche and are posting quality content regularly with a great camera for taking Instagram photos, with a few small tweaks you can make yourself an influencer. Check out this awesome article from Shopify on how to build and grow your Instagram following to get started.
This may include mere copy-pasting, minor text editing, data categorisation, translations and staff alike. You can work a few hours a day and earn some hundred bucks by the end of the month. Obviously, the total payout depends on how fast/good you are. Sign up to ClickWorker if you can tolerate handling some routine tasks in exchange for cash injections.
If you’re serious about becoming rich, you’re going to need to step out of your comfort zone and recognize that the path to success is through uncertainty. Traditional paths, like having a steady job and a fixed check, are safer, but wealth often comes through taking calculated risks. Don’t let fear hold you back. If you dream of something more, learn to embrace different possibilities.
It’s also a good time to take advantage of the gig economy. Can you play an instrument, repair clocks, tutor someone in math, plan a party, paint signs, repair decks, or write calligraphy? Think far and wide about what you’re good at, and write an ad for yourself. Chances are, someone out there needs your expertise, no matter how small or inconsequential you consider your talents to be.
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When you’re desperate to make money now, sometimes the only option is to sell your stuff. If you’re unemployed and struggling to find a job, selling your posessions is a great way to make money fast. You can earn money online using the links below or you can head to a pawn shop. Keep in mind the shipping costs associated with selling online. Be sure to charge the buyer for it if you’re shipping products internationally.
To make money fast, you should apply to all the relevant tutoring positions available on the websites below. However, you should also outreach to university and college websites and student forums. For example, McMaster University has a student forum called MacInsiders. You can reach out to the university forum for your community and let them know that you’re willing to tutor students. Reach out to students in your local community about tutoring opportunities.
For example, a $200,000 mortgage on a 30-year loan will cost you another $186,500 in interest payments, so you are actually paying a total of $386,500 over the course of 30 years. On the other hand, if you are willing to pay a few extra hundred dollars a month (for example, $350) by refinancing to a 15-year loan (usually at a lower interest rate), you could pay your mortgage off in only 15 years, and the best part is you would save yourself a whopping $123,700 in interest. That's money in your pocket. Talk to a loan officer about your options.
If you’re a fitness buff and have the right combination of charisma and business sense, working as a part-time online personal trainer can be both physically and financially rewarding. Once you build up a reputation and client base for yourself, it could easily turn into a full-time endeavor for you. Check out this interview with several fitness blog owners who are making a living online, from MonetizePros. As well, I'd recommend checking out this resource if you want to take this business idea seriously and get started with a business plan for your personal fitness trainer business today.
Amazon makes it fairly easy to list and sell old books, games and devices on its marketplace. You can make more than just a few bucks If you have pricey textbooks from college. Be sure the books are in good condition. You'll get negative reviews if you attempt to sell books that are falling apart or games that are scratched up. Remember, be upfront about any defects, no matter how small they might be and no matter how few people might readily notice it.