Many of us want to be rich but we have rather unrealistic ideas about how to attain that. We might purchase lottery tickets every week in the hope that our numbers might finally come up, or we might use betting sites in the hope that we might win a big cash prize.
Now, there’s nothing to say we won’t become rich using these methods, but the chances are rather slim. Thankfully, there are other, more realistic ways to build wealth, and these include the following.
#1: Invest (with a diversified portfolio)
Have you started investing yet? it might be that you haven’t. People are generally put off the idea because they don’t know where to start. They also fear losing money in market downturns, and are worried about receiving bad investment advice. To be honest, we can understand these concerns. However, investing is one way to build wealth, so for those wanting to improve their financial future, it should be considered.
There are many ways to invest, of course. You could trade in stocks and shares, invest in real estate, or build wealth using a crypto trading website. It doesn’t have to be one type of investment over another, because the general consensus is that you should diversify your investments if you can. This way, you have a greater chance of earning big money, as even if the market takes a downturn for one type of investment, you might still see an upswing in another.
To get started (if you haven’t already), check this investing guide for beginners. Then look online for more information, as the more knowledgeable you are, the greater your chances of success.
#2: Boost your income with a side-hustle
The more money you can bring home each month, the better, right? You will then have more to put away in a savings account, and you will build your wealth from your extra income and the accumulated interest. So, consider the types of side-hustle that suit you, and do whatever is necessary to get started.
What kind of side-hustle could you begin? Well, as we have already established, investing could be your side-hustle. You could also start an online business, sell items for a profit on eBay and other eCommerce sites, rent out a room in your home, or do one of a million other things, as there are loads of ideas online. We discussed one passive income business idea here. Do whatever will excite you, as the more happiness you gain from your side-hustle, the more likely you are to stick with it.
#3: Move into a better-paid career
If you can’t quite make ends meet (or put savings away) because of your current career path, it might be that a move into another career could be right for you. Admittedly, you might have to start on the bottom of the career ladder again, so you might not earn the big bucks right away. And you might have to go back to school too, be that online or offline to pick up a few new qualifications. But the rewards will be worth it because if you do choose a career path that gives you the opportunity to build wealth, you will be putting yourself on firmer financial footing.
So, buy a lottery card if you want to. And make the occasional bet if you can afford to do so. But to make your dreams of building wealth come true, try more realistic avenues. We have suggested just a few options but continue your research online and around this website to learn more.
Spending money is lots of fun, but earning it usually requires you to work, to do tasks and take up a lot of your time. But what if there were ways to have fun and make money at the same time? It is possible you know. So, what are the best ways to do it?
Image by Steve Buissinne from Pixabay
Play FIFA Online
There are many ways you can make money by playing online games, and FIFA is one of them. If you’re a really good player, then playing in tournaments and winning can get you some serious cash. The winner of the FIFA eWorld Cup at the O2 Arena in London bagged £191,000 from that tournament alone. However, he is nowhere near the richest of FIFA players out there. It’s the FIFA YouTubers and Twitch streamers who are killing it. There are other routes to go down too, such as earning real-world money by selling your Ultimate Team coins on the FIFA black market. These are websites out there where you can buy Fifa 21 Coins to add to your FIFA account as well as websites where you can sell coins.
Start A Youtube Channel
The things people watch on Youtube these days are amazing – it really doesn’t matter what you do. People make money from videos of them opening boxes, playing games and even cleaning. Whatever it is you like to do, why not give it a try, you never know what will come of it. Have a look for some inspiration online and see who’s doing well from Youtube videos. You might then see a gap in the market or something you could be doing far better.
Blogging
If you like writing then blogging can be a great way to earn a living. While it can take time to build up an audience and make some money, it is possible, and there’s loads of advice on how to do it out there. The great thing about blogging is that you can do it about anything too and it can be really therapeutic for you.
Play Trivia
Are you good at trivia? Love to do a pub quiz? Well, you can win real money by playing trivia online. Head over to Swagbucks Live, which is free-to-play with the downloaded app, and you can win cash for simply playing a game. If you get all the questions right, you can win a grand prize.
Watch Videos From Your Phone
Are you someone who spends hours on your phone watching video after video and before you realize it, it’s the early hours of the morning? Well what if your time wasn’t wasted and you could make some money off it? Well, you can. Again, on Swagbucks you can earn cash for performing minor tasks and one of those is watching videos. There are loads of categories to choose from, so you’ll easily find one you like, then start watching videos from the comfort of your home, on your smartphone and make a load of cash at the same time!
This COVID-19 pandemic is far from ideal. It would be nice if the entire virus could vanish so that we could go back to living our normal lives and getting by with what was always the norm. It’s still here, though, and it looks as though it’s going to be relatively prevalent until a vaccine can be created and distributed worldwide. So, seeing as we’re going to be staying in quarantine for a while (albeit in a few waves), we’re going to need to accept the fact that life might continue to be a little different for quite a while yet.
Even though we’re in this predicament, there’s still a lot of money to be made. Just because we’re seemingly stuck in this strange prison-like time, it doesn’t mean we all can’t grab a large slice of the pie for ourselves! For as long as there’s a will, there will be a way, so we can all make some money if we just knuckle down.
How can we do such a thing, though? Making money from home seems like such a specialist habit that only a select few have the brains and the privilege to do. That’s absolutely not the case, though. Anyone can do it – it’s just a case of doing a little research and then applying yourself. In all honesty, you’re bound only by your creativity in this regard – if you can think up a good enough kind of money-making method, then you might be able to genuinely monetize it pretty handsomely. For now, however, let’s go through just a few current ways one can make decent money from home:
Many, many businesses all over the world have to deal with tedious administrative work. Some people enjoy sitting down and getting the admin work done, but a lot prefer to focus on the practical, real hands-on side. This is why they hire an office assistant to help them out. At this time, business owners might not be able to bring people in to handle these kinds of tasks, and will, therefore, look for people online to help. There are many outlets you could use to sign up to a virtual assistant scheme – you just have to look online. You’ll do all the tasks required of an admin assistant, but it will all be done from the comfort of your own home.
Review Items And Websites
This is quite a niche idea, but it’s one that provides good money for people if they do it correctly. If you know a thing or two about browsing websites on the internet (or even web design as a whole), then you might be able to become a reviewer. There are services out there that allow people to review websites and give a ten-to-fifteen minute talk about the pros and cons. If you’ve got the confidence to speak for a while, then this might be a good idea for you. Reviewing websites, items, and all kinds of things might not seem like the fanciest thing to do, but it’s certainly an option for anyone.
Create An Online Store
Working from home allows people to use their creativity in ways that perhaps they never have before. Selling items online isn’t something we’ve all done before, but it’s certainly something we could all try. Whether it’s a case of creating your own items and having them shipped to you, or whether it’s a case of executing the dropshipping method, it’s definitely a real money-maker. Dropshipping is becoming more and more popular recently as it only really requires you to be the marketer and seller – you don’t have to deal with large amounts of stock or things like a paypal foreign transaction fee biting you in the backside. Before you know it, you could be the owner of a huge brand that is on the cusp on turning into an empire – all from the confines of your own home.
Write An Ebook
If you have a pen and paper, then you can create a world for others to enjoy. If you have a typewriter or a computer with a word processor, then you can publish something for others to buy. More and more people are bringing out Ebooks these days as it is becoming simpler to publish thanks to the way of the internet. If you have a compelling novel lined up or something that people would be interested in reading, then why not create something and put it on a blank canvas? You could make a fortune.
Simply Create A Social Media Account
If you have lots of followers on social media, then you could make quite a bit of money. Having such a large reach means you could be quite an influential character. Big companies might want to get in touch with you in order to promote their goods and/or services, and they’ll pay you to do so. Being an influencer is very profitable these days.
Start A Podcast
Podcasts are so popular nowadays due to their simple nature. People like being entertained while they go about their day. Podcasts allow people to listen consciously and unconsciously to all kinds of different content. Comedy, current events, and education seem to be the main and most popular kinds of listening material. You could create something and have people listen all over the world – you never know what you could accomplish with this kind of method. Many could then come in from sponsors.
Sell What You Already Have Online
We talked about creating an online store and selling goods to others, but the chances are that you already have a lot of valuable things stored in your home. Sure, if you’ve managed to shift a lot of the stuff you’ve been hoarding, then this might not be a viable option for you. Many of you probably have things in the attic or in the spare room, though. If you could be bothered, then you could make a fair bit of money by selling this stuff. If you can separate yourselves from the sentiment of the items, that is!
Play Competitive Online Games
It sounds like a silly pipe dream, but people can now make lots of money by playing video games and other kinds of contests online. The video game industry is booming, and eSports are very, very popular now. If you think you’re good enough, then get yourself online and test yourself against others – you never know what might happen. There’s also the likes of poker games, too, although it’s understandable if that might not be your cup of tea.
Start A YouTube Channel
Much like podcasts, people are interested in visual communication. It’s easier to take in information through watching and listening than it is to knuckle down and read of your own accord. If you have an idea and feel as though people might want to watch what you provide, then a YouTube channel would be a really good idea. YouTubers work from home a lot of the time and are able to rack up lots and lots of money. If you gain many subscribers, you’ll be able to do it for a living – it’s not a bad occupation, huh?
Work As A Freelancer
This is similar to the idea of becoming a virtual assistant for a while – the difference being that freelancing is more of a genuine career and not just doing a bit of admin for different clients. Writing content for websites, designing websites and logos, editing videos and taking part in other artistic projects – these are all great ideas if you’re looking to become a self-employed freelancer.
Money isn’t the be-all and end-all in life, but it can sure make our lives a little easier. Being financially successful can be different for everyone. Some might see themselves as being a millionaire as being successful, while others might just like to live comfortably and feel financially stable. Everyone has the ability to be financially successful in life with some finding it easy enough while others might find it more difficult. Here are some handy tips to be more financially successful in life.
Photo by Skitterphoto from Pexels
Know How Much You’re Worth
Firstly, when it comes to the finances, everything you do in life where you provide a service should be compensated. It’s important to know what your worth is and how much you’re worth when it comes to any job that you have. There are lots of jobs and opportunities out there in order to earn money, but not everything is going to be offering you the money that you deserve and need. That’s why its good to get an understanding and to know how much you’re worth. It can help when searching for jobs or those opportunities where you are rewarded financially. As time goes on, depending on your growth in terms of skills, experience, and education, this can increase your financial worth. It’s good to always keep an eye on this so that you’re never selling yourself short. There will always be those out there who will look to make a cheaper deal, and you should always be getting what you deserve and nothing less.
Learn To Negotiate For Salaries
Negotiation is something that some of us are good at, and some of us are rubbish at or don’t even bother. The art of negotiating can be used throughout your life and can be helpful in a variety of ways. Whether that’s cutting a deal with a car dealership for your new car or finding a cheaper price for something you’re trying to buy at a car boot sale. There are plenty of opportunities, and the same can be said for your salary. Salaries are something that can be negotiated, but not everyone does it because they feel like the salary is something that’s been advertised and therefore locked in. However, once you’ve got the point where they want you for the job, this can be a good place to start negotiating.
It’s worth taking a look online with platforms like LinkedIn. They have handy tools that can help you find the average salaries for different jobs, and you might find that you’re on the lower end or possibly not even getting near enough. The more money you do get, the more financially successful you become in being able to negotiate with pay rises and promotions.
Get Educated
It’s important to learn because learning is powerful, and it can also make you financially successful too. The influence that it can bring can help elevate your current role that you’re in, or it can open doors to opportunities that you hadn’t considered before. So when you’re going through life, you should always be on the lookout for the chance to become more educated than you were before. Each day is a chance to learn something new and the career you’re in now, might not be something you end up doing further down the line. What about going back to full-time education or doing an online course? There are plenty out there, and places like the University of Nevada Reno are offering courses online that make it possible for anyone to do. If you’re thinking about getting further education, make sure to weigh up the options about what this can provide for you both in terms of your happiness and fulfillment but also financially. These courses cost money, so you want to ensure you’re doing it for the right reasons.
Stick To A Budget
It’s not easy to stick to a budget, and some people won’t be financially successful because they end up struggling to manage their money properly. Being able to manage your money is a lot easier than you think, and sometimes, it just takes a little bit of control. We all have our income, whether it comes in irregularly or on a monthly basis. What we can do with that is lay it out on a spreadsheet like Excel and document all your expenditures. Being able to see where your money goes and how much you will have left of it can help you understand where you might be going wrong. You always want to have money left over by your next paycheck so that you can put this away in savings or towards a pension plan you might have. Everything you save can end up providing you with a much better quality of life because you’ll spend less time worrying about going into debt or having no money left. Being able to struggle a little less can be beneficial.
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Invest & Diversify A Portfolio
Investing is one thing that’s worth considering, and with the online world being what it is, investment is not just for those who already have plenty of money. You have p2p lending, stocks, and bonds to consider as well as investing in property both physically and through stock form. By investing, you increase the opportunity to have more financial success, but it also gives you a chance to take risks in life, which is healthy to a certain degree. Diversifying your investment portfolio is also recommended in order to help make the most out of your money. If you’re not diversifying it, it’s like putting all your eggs into one basket.
Have A Savings Plan
Savings are good to have because they can help you in your time of need. When you don’t have savings, it causes problems and can put you at risk. What happens if your car needs replacing or your boiler breaks down, and you have no disposable income apart from your wages? For peace of mind and security, it’s a good idea to have a savings plan in place. This can help you learn to save and to show yourself that it is possible to save money from what you get from each pay packet. Open up a savings account and make it one that you don’t necessarily have a lot of access to so that you’re not tempted to dip into it.
You could also automate your savings by setting up a standing order to the account, and therefore, you’ll consider it to be like any other bill payment that you make.
Create A Side Hustle
A side hustle is something that you some people have that is an addition to what they do as a full-time career. For some people, the work life of a full-time job isn’t enough, and they may have other personal passions and dreams that could make them money in theory. Whether that’s running a YouTube channel or becoming a weekend handyman. There are lots of ways that you can create a side hustle nowadays, and if you have the drive to do so, you might as well give it your best shot. You never know, you could become financially successful off it and end up quitting your current job because of it.
Being more financially successful in life is what you make it to be. Whether it’s owning several properties or just being comfortable each month, it’s up to you what you want that to be. Use these tips to help you get there.
Everyone has hobbies. But did you know that you can use yours to make money?
It turns out that a lot of the things that you do for fun can be a great way of generating cash, often as a byproduct. You get to enjoy yourself indulging in your favorite activities while at the same time, boosting your regular income.
Writing is difficult. Being able to write well is a skill – and one that few possess. For that reason, it’s highly valuable. If you’re ready to write engagingly and entertainingly, people will want to consume more of your content.
A lot of people who write for fun also sell their services to others over the internet. You could transform your passion for writing into work, creating compelling content and articles for firms in your target area. Many firms are willing to pay double or even triple the regular writing rate for people who churn out quality content.
Gaming
If you went back ten years and told somebody that gaming was a way to make money, they’d laugh at you. But thanks to games like Dota 2, Team Fortress and playing European Roulette in HD, that’s all changed. Now you really can make money from gaming – so long as you’re good at it.
Making money from gaming all comes back to e-sports. Gaming audiences all over the world are prepared to pay to watch the best gamers in the world compete against each other for victory across a variety of video games. This money generation is then feeding into the prize money that players can win. You don’t have to be the best in the world – just good enough to give other gamers a run for their money.
Traveling
People usually view traveling as a giant money pit – somewhere you throw your dollars, never to see them again. But thanks to the internet, that too is changing. Those who have a strong sense of wanderlust can generate money from their passion as influencers and bloggers.
Travel companies are desperate for people who blog about their experiences at their resorts. They want them to post videos, pictures, and blogs that effectively pay for themselves. And they can pay you for the privilege. So if you’re continually jetting off all over the world and have a camera, consider transforming it into a money-making scheme.
Cooking
Finally, cooking is yet another hobby that can help you make money. Here again, you’re tapping into the large influencer market, using your culinary skills to inspire your audience. If you build a large enough following on social media, you can attract the attention of advertisers, keen to flog their products. Sometimes it’ll be a specific brand of food, and other times, it might be something like a toaster or a blender. Whatever it is, you can wind up with some pretty decent advertising deals that allow you to enjoy your hobby and make a profit from it at the same time.
