You’d probably agree that most people want to make more money next year than they did this year…
And if you’ve been looking for ways to have more money you’ve probably come across things like:
- Getting a second job.
- Taking surveys.
- Spending less money.
Who in their right mind would want to do that stuff…
Most people would say no but there’s a lot of people doing these 3 things because it’s what the so-called “financial experts” say to do.
So, what actually works?
You’re gonna need 3 things to have more money in 2018:
- You need to make more.
- You need to save more.
- You need to invest more.
Most people focus on the first thing and try to avoid the last 2 as much as possible.
If you avoid the last 2 you’ll always be broke.
You’ll make more…then you’ll spend more.
Obviously, it’s important to focus on making more but you need to learn how to start keeping more (not in a savings account) and making that money work for you.
So here are the steps you need to take to get started…
Step #1 is to make money on the internet.
Times are changing…
A lot of peoples jobs will be gone in the next 10 years because of technology and innovation.
Don’t be one of those people who think it’s not happening because it is.
The only person who can set yourself up for the future is you. This is why you need to learn how to start an online business in 2018.
How do you do it?
The first thing is to pick a niche (topic) you’re interested in.
People are making millions of dollars every single year in absolutely crazy niches.
- Teaching people to jump higher…
- Dribbling a basketball better…
- Playing video games…
You name it, someone is probably doing it.
Stop making other people rich. Build something for yourself by doing what you’re interested in. You can make money from it.
The second thing is to build a following in that niche.
Use social media (preferably YouTube) to build a following by putting out content that helps or entertains people.
People ask Google and YouTube questions. Be the person who’s video shows up.
If you can help them they’ll start following you. If they start following you, you can make money off them.
The last thing is to sell other peoples products to your following.
You don’t need to create anything yourself.
You can partner with companies like Amazon, Walmart, Nike, etc, and promote their products. Anytime someone buys through you, you’ll get a commission.
It’s not gonna happen overnight and more goes into it, but it’s definitely possible if you’re willing to learn and put in the effort.
The money you make isn’t determined by your boss. It’s all depending on how much effort you put in and how much value you create for the market.
I have more videos on this stuff on my channel so be sure to subscribe if you want more info.
Step #2 is to keep the money you make.
You shouldn’t keep money just to save money because you’ll end up losing money that way.
How do you lose money by saving money?
Your bank pays you 0.5% interest on your money. Inflation is 3% per year. You’ve just lost 2.5% of your money.
You’ve been lied to…
You know how a coke used to cost 10 cents and now it’s over a dollar?
The price of the coke didn’t increase. The value of your money decreased. That’s why you don’t want to save it.
Obviously, you want to have something in savings, but if you save all the money you make you’ll always struggle.
So, what do you do instead?
Step #3 is to make more money with your money.
Instead of tossing your money into a savings account that pays less than 1% interests, take that money and put it to work.
What I mean is to invest that money.
Could be in stocks, bonds, real estate, cryptocurrency, etc.
Find something to put your money in that will grow your money by more than 3% per year.
This is how people get wealthy.
There’s no 1 right thing to invest in but I recommend diversifying across multiple investments.
Step #4 is to not buy stupid stuff.
Pretty obvious I know…
But it’s kinda hard to believe that people actually follow this.
I know a guy (and you probably do too) who lives completely paycheck to paycheck. He never comes out cuz he can’t afford to. He needed his parents to sign for a loan on a 1999 Toyota. But guess what? Guess who has the $300 pair of jeans and the $200 shirt. Yup…this guy.
I see this all the time and it doesn’t seem so obvious to me that people know this.
Stop buying stupid things you don’t need. Stop trying to look rich and become rich.
Buy things that put money into your bank account, not things that take money out.
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And for more tips & tricks on how to make passive income make sure you check out the following: