I’ll be more than a millionaire, I don’t doubt it at all. The hardest part is starting your way up the curve, since that’s when the snowball process of compounding takes the longest to kick off. Once you reach a critical mass, the last… say… third or fourth of the journey will be relatively easy. If you’re in the right investment allocation, the real question is how soon can you make it to $750,000 in net worth? Or how soon can you start bringing in income from a second investment property? No, friends, a million is not far off at all…
Stay rich. It's hard to get rich, but it's even harder to stay rich. Your wealth is always going to be affected by the market, and the market has its ups and downs. If you get too comfortable when times are good, you'll quickly drop back to square one when the market hits a slump. If you get a promotion or a raise, or if your ROI goes up a percentage point, don't spend the extra. Save it for when business is slow and your ROI goes down two percentage points.
If you are particularly good at somethings, say map design, capable of creating a series of video lessons, you can become a tutor at SkillShare. You’ll be in good company with folks like Seth Godin and James Franco among others. SkillShare tutorials and 30 days teaching challenge will help you create a winning video tutorial. Your earnings will depend on the popularity of your course, but even low attendance will let you earn some decent money.
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.
Offer to watch children or pets. If you know anyone who has children or pets, you could easily begin a side gig as a babysitter or pet sitter. To let people know you’re interested, send out a group email describing your services, post an ad on Facebook, or tell friends and acquaintances about your availability in person or over the phone. You can also create a profile on a babysitting referral site like Care.com.
Blogging is something that requires patience, persistence and discipline. It may mean writing everyday for over a year before you really start to see any money from it. There are exceptions to the rule, but from my dealings with other bloggers, it seems to be pretty common to spend one or even two years building your blog, your brand and your authority, before making any serious amount of money.
Now, it’s time to plan out your show. If you’re doing an interview-style show, you’ll now want to start getting some guests involved. You can use your existing social network to reach out to people you already know or are connected with on Twitter or Facebook. You can also head to Medium or Amazon to find authors or experts on topics specific to your niche.
If you have relatively impressive cooking skills and some room to host guests, sign up for Eat With – a cool new service connecting travelers with hosts around the world, who invite them to a small dinner party for a fixed fee. As a host, you can set a rate per guest, choose the time and dates when you are available to throw a feast and indicate the max amount of people you are ready to invite (usually less than 6).
While it is possible to make a lot of money while working for someone else, the truth is that you should mind your own business. Start and grow your own business, no matter what it might be. Identify what you're really good at, and develop the skills into a business that you can expand over time. Don't look for instant payouts or overnight riches. The reality is that it's going to take time, so you might as well start now.
Now next, you’ll want to pick a WordPress theme from somewhere like ThemeForest, Elegant Themes or OptimizePress. This is the barebones design of your site, which you can then customize with your own branding, copy, and images. That being said, you don’t want to cheap out. It costs less than $100 to buy a theme that will make your website look professional (and you can upgrade to a completely custom design once you get the business going).
There are companies that hire employees directly to work from their homes. Check the sites that list work at home jobs. Some of these positions are those where you cover a territory, for an insurance company or a consumer products firm, for example, and spend some time on the road and some time in your home office. There also are customer service, recruiting, sales, scheduling, technical, writing, computer, and telemarketing jobs available. In many cases, the jobs are part-time, commission-based, or pay a lump sum for a completed project.
Chase Sapphire Preferred® Card – Want an even bigger bonus? Consider the Chase Sapphire Preferred® Card instead. With this card, you’ll earn an amazing 50,000 points after you spend just $4,000 on your card within 90 days. If you turn in those points for cash, they are worth $500! Obviously, you’ll want to pay your balance in full to avoid interest. As long as you meet the minimum spending requirement, this $500 is yours to spend. Plus, this card comes with no annual fee.
Change jobs and employer. Once you've gotten some experience under your belt, consider finding a new job. By changing your environment, you can increase your pay and experience different corporate cultures. Don't be afraid to do this several times. If you're a valued employee, it's also likely your current company may offer you a raise or other benefits if they know you're looking at leaving.
And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012.
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.
Virtual assistants, commonly referred to as VAs, come in all shapes and sizes. Many companies will hire VAs if they are looking for help with online administrative tasks (email, calendar management, data entry, etc), but don’t necessarily want to hire a full time employee just yet. They’re the perfect work from home job for busy people that may need to drop their work at a moments notice, or have very sporadic availability.
There are quite literally hundreds of clever ways to make money online. From taking online surveys, to renting or selling your old clothes, flipping your iPhone to someone in a different country, and even buying low-cost products locally, just to resell them for a higher price on Amazon. There’s truly no shortage of unique ways to make money online.
To test these websites, you’ll be asked to visit the site in question and record your reactions and thoughts as you go through it. To get started making extra money online by testing websites, sign up for some of the most popular services like UserTesting.com, Userlytics, TryMyUI, Userfeel, TestingTime (for people outside the U.S), or Side Income Jobs.