Read A Bride Worth Billions Online
Authors: Tiffany Morgan
A Bride Worth Billions (75 page)
You will be able to achieve your financial target by eliminating expenses and utilizing the right financial tools. However, nothing can give your progress a great boost than increasing your income. So how can you multiply your income?
Take a second job
You can take a part-time job, depending on your capacity and time; this can help augment your income. Just ensure that you do not drive yourself to the brink of exhaustion since getting sick will bring in more expense than you can ever imagine. Some of these jobs might not be much but added together, it will gradually boost your income in no time.
Seek high-paying jobs
Re-assess your skills and potentials. Evaluate whether all that dedication and effort you are giving to your present job is well-compensated. If not, then switch employer. Find a high-paying job that will not only recognize your true worth but also provide adequate compensation. Of course, there are instances when you need to employ your negotiating skills so you can ask for a raise or a higher salary.
Request for a raise
If you do not want to leave your present job, you might want to request for a raise. You should initiate the asking since the management usually does not care much about promotions and raise, unless perhaps you are exceptionally good at what you do. Most of the time, you need to use your ingenuity and charm to get that raise.
Capitalize on your hobbies
You can boost your income through your hobbies. You can use your hobbies involving crafts, crocheting, knitting and glass etching to earn some income on the side. You can then sell these items online such as in etsy.com or ebay.com. You just need to employ your creativity and ingenuity to turn your hobbies into money-earning schemes.
Sell unused things
You do not need to have a store to sell some items that you no longer use but are still in very good condition. If you inventory your properties, you will find that you actually have certain things that are just lying around that you can sell at a certain price. You can use the proceeds of the sale to reduce your debt or augment your savings.
Develop a passive income stream
This is perhaps the best way to augment your income. You can work on your present job and still get that extra income without much effort and time on your part. For instance, you can generate passive income from rent, royalties, interest on bonds and stocks.
If you are just starting out, you need to identify the possible sources of passive income that do not need a capital to start up, maintain and grow. This is most suitable for people who want to start out on their own, with the least amount of investment. These may include properties, which you can develop such as internet website, patent, book, trademark, commissions or song.
No matter how big your salary or how much income you earn from your business ventures, you will not achieve financial success if you do not know how to control your spending habits.
Finding multiple sources of income can greatly increase your assets, but note that your spending habits also play a crucial role in attaining financial freedom. If you spend as much as you earn or even more than you earn, you may end up with more things but no savings. Even worse, you may end up with no surplus and no assets too.
How can you achieve spending less than you earn? People have many needs and wants that usually come with high price tags.
Review your bills
Did you ever take a serious look on your monthly bills? If you go over your bills, you will realize that the bulk of these have taxes. You might even find that some of these expenses are unnecessary. You might also find that if you have paid these bills earlier or on time, you could have at least earned some discounts. Discounts are another form of passive income, which can gradually add to your wealth, if you take advantage of them regularly.
Minimize your “wants”
If you go over your list of expenses, you will find that some or most of these expenses are wants instead of needs. To differentiate, wants are expenses that you can do without while needs are necessary for your daily existence.
You need to augment your income if you want to attain financial freedom. Most importantly however, you need to reduce your expenses or spend less than you earn to come up with a larger surplus. Many people who have earned millions get bankrupt because they did not realize how important it is to spend lesser than what they earn.
Learn to control buying on impulse
You should also control impulsive spending. Buying online, shopping and eating out on impulse is perhaps the biggest financial drainer. If you will learn how to control the urge to do these things, you will be in a better financial position. Avoid online shopping since the task is so easy that it will shift your perspective on what you should or should not buy. It often motivates you to buy something that you do not really need.
Behind every person’s financial success are the traits and habits that have made them as such. When you analyze every man’s success, you will realize their common characteristics that molded them into what they are now.
Time is Gold
This may sound like an over-scratched cliché. However, this holds true for all millionaires and successful people out there. They make full use of their time. They have gained financial freedom because throughout the years, they did not waste their time on things that do not add up to their cause. They spend most of their time multiplying their income and stocking up knowledge that will come handy in financial situations.
Financially Literate
You do not need to study accounting or be a financial wizard to attain financial independence. You need to know the basics of finance such as the fact that making money is different from saving and investing. You cannot become a financial expert overnight. In fact, investing and financial management is a lifelong endeavor that takes time and lots of practice to achieve. You need to educate yourself in the various aspects of finance to reduce your mistakes and achieve your goals in no time.
Not keeping up with the Joneses
Unless you were born rich, do not try to keep up with the Joneses if you want to achieve your goal of becoming financially independent. Keeping a lavish lifestyle, especially if you cannot afford it, will only increase your expenses and debts unnecessarily. Live frugally. You will get the chance to live abundantly when you have attained financial freedom. That will be the time when you will have complete control of all aspects of your life since you no longer live from paycheck to paycheck.
A planner, not a saver
Many people become rich not because they are good savers. Actually, they have become what they are because they are good planners. People who plan for their future end up with more money than those who do not plan. Saving money might earn you interest but if you know how to create a good financial plan, you can invest on things that will significantly increase your income and the money in your bank.
Thank you again for downloading this book!
I hope this book was able to help you to learn about the systematic process of attaining financial independence.
The next step is to share this to all your friends and family.
Finally, if you enjoyed this book, then I would like to ask you for a favor, would you be kind enough to leave a review for this book on Amazon? It would be greatly appreciated!
Click here to leave a review for this book on Amazon!
Thank you and good luck!
How to be the most successful student in your class
?
Ace all your exams with less time spent on preparation with step by step guide
I want to thank you and congratulate you for downloading the book,
“How to be the most successful student in your class: Ace all your exams with less time spent on preparation with step by step guide
.”
This book contains proven steps and strategies on how to effectively deal with one’s academic life.
“How to be the most successful student in your class: Ace all your exams with less time spent on preparation with step by step guide
” is composed of six s, containing the six steps in becoming the best student that you can be. The first is about setting one’s goals. This will teach you how to properly identify your purpose in studying. The next will help you in staying focused and motivated while on the process of achieving your goals. The third will introduce you to a healthier body and mind. Fourthly, reminders will be set upon cramming and procrastination. The fifth will encourage you to socialize while studying. Lastly, you will be encouraged to grab your fruit of labor.
Thanks again for downloading this book, I hope you enjoy it!
Copyright 2015 by Sean Clive- All rights reserved.
This document is geared towards providing exact and reliable information in regards to the topic and issue covered. The publication is sold with the idea that the publisher is not required to render accounting, officially permitted, or otherwise, qualified services. If advice is necessary, legal or professional, a practiced individual in the profession should be ordered.
- From a Declaration of Principles which was accepted and approved equally by a Committee of the American Bar Association and a Committee of Publishers and Associations.
In no way is it legal to reproduce, duplicate, or transmit any part of this document in either electronic means or in printed format. Recording of this publication is strictly prohibited and any storage of this document is not allowed unless with written permission from the publisher. All rights reserved.
The information provided herein is stated to be truthful and consistent, in that any liability, in terms of inattention or otherwise, by any usage or abuse of any policies, processes, or directions contained within is the solitary and utter responsibility of the recipient reader. Under no circumstances will any legal responsibility or blame be held against the publisher for any reparation, damages, or monetary loss due to the information herein, either directly or indirectly.
Respective authors own all copyrights not held by the publisher.
The information herein is offered for informational purposes solely, and is universal as so. The presentation of the information is without contract or any type of guarantee assurance.
The trademarks that are used are without any consent, and the publication of the trademark is without permission or backing by the trademark owner. All trademarks and brands within this book are for clarifying purposes only and are the owned by the owners themselves, not affiliated with this document.
By reading this book, I already congratulate you for being a successful student; but it does not stop there. This is just the start of your journey towards success in your academic life.
Most students try to pull an all-nighter, forcing themselves to stay awake as they cram. The next day, as they take their examinations, they would usually end up tired and worse, they could fail the test. These students usually lack goals that they should have been preparing ahead of time.
Everyone, including teachers, scientists, presidents, or even students have their own desires and aspirations in life that serve as their driving fuel in their everyday lives. The driving force, also known as a goal, aids one to direct his path in achieving success.
Goals are the desired results or end-points of a person, company, or an organization. Setting goals should be in accordance to the SMART (Specific, Measurable, Attainable, Relevant, and Time-Bounded) criteria.
1. Specific
Goals should serve as your direction, so it must be specifically identified through the six W’s. You should know “what” exactly do you want to accomplish. List them and always remind yourself of your driving force. Next, be familiar with “who” are involved in your goals. Thirdly, identify “when” the deadline is to know and approximate the time needed in preparation. Then, think of the location “where” you are required to finish the task. Fifth is to be aware of “which” will serve as your possible barriers, so that you may be able to prepare ahead of time, as well as the requirements and standards set. Lastly, you must be able to realize “why” are you doing the task. This involves all the benefits that you will get from finishing the task.
2. Measurable
To know if a certain end-point is measurable, it must answer “how much” and “how many.” You should be able to track yourself as you try to reach the target result and date.
3. Attainable
Goals must be set in accordance to your skills and capabilities, as well as the time and effort needed. You should also consider some of your limitations. An attainable goal, for example, if one is anemic, should acknowledge his health, especially if the task requires sleepless nights.
4. Relevant
Setting goals will never be a hard task for it only reflects your aspirations. Therefore, these should be directed toward having what you want and being better. A goal should be your purpose and your aim.
5. Time-bound
Goals should reflect what you want to achieve in a certain period of time. Short-term goals must be accomplished and achieved within a short span of time. This may be done in three months or less. For a student like you, this may include scoring an ace in your upcoming quiz in Mathematics or delivering your speech in Oral class with excellence and mastery. Intermediate-term goals may be achieved up to a year. This goals involve finishing the semester or academic year with an A+ . Lastly, a long-term goal will take you more than a year to accomplish. An example of this is to graduate with flying colors.
The goals you will set should always be tracked and should be prepared ahead of time. These should promise you to achieve what you really want and what you exactly want to be in a certain period of time. Furthermore, these should always serve as your priority. For multiple goals, consider the amount of time left to accomplish the task and the importance to be able to know what to prioritize first.