Tag Archives: success

19 Things The Millionaire Next Door Won’t Tell You

Although having a million bucks isn’t as impressive as it once was, it’s still nothing to sneeze at.

In fact, Reuters reports that in 2009 there are 7.8 million millionaires in the United States. That’s a lot of people and the odds are one or two of them are living near you.

Heck, one of them might even be your neighbor. In fact, the odds are very good that it is your neighbor.

But, Len, you don’t know my neighbor.  That guy doesn’t look anything like a millionaire.

Well, guess what? A millionaire who is truly financially savvy won’t be easily recognizable. 

1. He always spends less than he earns.  In fact his mantra is, over the long run, you’re better off if you strive to be anonymously rich rather than deceptively poor.

2. He knows that patience is a virtue. The odds are you won’t become a millionaire overnight.  If you’re like him, your wealth will be accumulated gradually by diligently saving your money over multiple decades.

3.  When you go to his modest three-bed two-bath house, you’re going to be drinking Folgers instead of Starbucks.  And if you need a lift, well, you’re going to get a ride in his ten-year-old economy sedan.  And if you think that makes him cheap, ask him if he cares.  (He doesn’t.)

4. He pays off his credit cards in full every month.  He’s smart enough to understand that if he can’t afford to pay cash for something, then he can’t afford it.

5. He realized early on that money does not buy happiness.  If you’re looking for nirvana, you need to focus on attaining financial freedom.

6. He never forgets that financial freedom is a state of mind that comes from being debt free.  Best of all, it can be attained regardless of your income level.

7. He knows that getting a second job not only increases the size of your bank account quicker but it also keeps you busy – and being busy makes it difficult to spend what you already have.

8. He understands that money is like a toddler; it is incapable of managing itself.  After all, you can’t expect your money to grow and mature as it should without some form of credible money management.

9. He’s a big believer in paying yourself first. Paying yourself first is an essential tenet of personal finance and a great way to build your savings and instill financial discipline.

10. Although it’s possible to get rich if you spend your life making a living doing something you don’t enjoy, he wonders why you do.  Life is too short.

11.  He knows that failing to plan is the same as planning to fail.  He also knows that the few millionaires that reached that milestone without a plan got there only because of dumb luck.   It’s not enough to simply declare that you want to be financially free.

12. When it came time to set his savings goals, he wasn’t afraid to think big.  Financial success demands that you have a vision that is significantly larger than you can currently deliver upon.

13. Over time, he found out that hard work can often help make up for a lot of financial mistakes – and you will make financial mistakes.

14. He realizes that stuff happens, that’s why you’re a fool if you don’t insure yourself against risk. Remember that the potential for bankruptcy is always just around the corner and can be triggered from multiple sources: the death of the family’s key bread winner, divorce, or disability that leads to a loss of work.

15. He understands that time is an ally of the young.  He was fortunate enough to begin saving in his twenties so he could take maximum advantage of the power of compounding interest on his nest egg.

16. He knows that you can’t spend what you don’t see.  You should use automatic paycheck deductions to build up your retirement and other savings accounts.  As your salary increases you can painlessly increase the size of those deductions.

17. Even though he has a job that he loves, he doesn’t have to work anymore because everything he owns is paid for – and has been for years.

18. He’s not impressed that you drive an over-priced luxury car and live in a McMansion that’s two sizes too big for your family of four.

19. After six months of asking, he finally quit waiting for you to return his pruning shears.  He broke down and bought himself a new pair last month.  There’s no hard feelings though; he can afford it.

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This 23-year-old woman is making six figures a month from slime videos

It takes Karina Garcia at least five hours to edit a video tutorial on slime. That level of precision is important because her YouTube channel has more than 6.7 million subscribers.

Garcia has become something of an internet celebrity when it comes to crafts for kids (and adults). Her specialty is anything involving slime.

The 23-year-old based in Riverside, California, said she currently makes six figures in revenue a month, mostly off advertising from her videos. She also recently launched her own craft kits at Target called Craft City. First up is slime, but she hopes to add bath bombs and lipstick kits in the near future.


“I recently bought a house (from slime money), and my mom laughs about it,” said Garcia, who’s created more than 100 slime videos.

Slime is having a resurgence with younger kids these days. Elmer’s Glue — a key ingredient in the concoction — told NPR it had a 50 percent increase in sales in December 2016, thanks to the trend.

It also helps that kids and teens happen to love do-it-yourself (DIY) projects. Sweety High, a media site for young girls, said DIY content gets four times more views or clicks than its other trending content. Garcia was recently featured on its show, “After The Bell.”

“DIY as a category gained traction with the culture at large given the rise of reality TV, makeover shows, YouTube and contest formats,” CEO Frank Simonetti said.


Nobody expects to make a living from slime videos. Garcia certainly didn’t.

Two years ago, confused about what to do with her life, Garcia dropped out of college and quit her job as a waitress. Completely unmotivated, she helped her mother out with her catering business.

“I had nothing going for me,” Garcia said. “I didn’t have a job. I didn’t go to school. I was the laziest person ever.”

Her twin sister, Mayra Isabel, had a YouTube channel focused on beauty. Garcia decided she wanted to try creating her own videos. But she had anxiety problems.

So she decided to focus on what she liked: crafting.

“I used to be very, very shy,” she said. “This definitely helped with that a lot.”

Garcia’s first few videos focused on projects like creating makeup organizers and custom lipsticks. Then she found a recipe on Pinterest for making a kind of slime called Gak. She tried it out, and everything began to turn.

Garcia said that watching slime videos has become somewhat of a therapeutic stress reliever, and she’s noticed an increase in people creating slime tutorial playlists.

She tries to upload videos to her channel three times a week, including at least one slime tutorial. Garcia is motivated by the idea that people who watch her videos can make their own slime creations.

“I can inspire young women,” she said. “I want to show no matter where you come from, you can make it.”



How to Become an Amazon Best Selling Author

Research other titles in your book’s genre among books that are on the Top 100 Paid in Kindle Store list. To find a Kindle book’s sales rank on Amazon – scroll down and look for “Product Information.” If the book is in the “top 100” it will be given a sales rank for its categories. If it’s not in the top 100 no sales rank will appear in “Product Information.”

Notice whether the top books in your book category all contain the same “keyword” or phrase. Use the Amazon “type ahead” feature (the search bar on their site) and type in your key word or phrase and you’ll notice how it “types ahead” suggesting book titles for you. “Type ahead” phrases result from many people searching for a particular title. Incorporate that phrase or keyword into your title and your book will be found more easily on Amazon.

2. Have your book professionally edited.

Books full of typos, awkward sentences and grammatical errors are returned for a refund more often. Amazon rarely questions a return so do whatever you can to avoid that. The money you spend on professional editing is well worth it.

3. Pay to have your book formatted properly.

Amazon Kindle books look best with “Mobi” formatting. While you can upload a book to Kindle in a Word document it may not lay out properly, so do not skimp on paying to have your book formatted.

4. Create an attractive cover.

People do judge a book by its cover. When you go on Amazon the first thing to attract your attention is the cover. To create a good cover, spend some time browsing books in the same genre as your book. Pick the top 10 or 15 selling books and study their covers. Look at the typography, the layout and the color choices and take notes. You’ll come away with some excellent ideas for your own book.

5. Choose the right category for your book.

Categorizing books lets readers search for the topics they are interested in. Amazon leaves it to you to categorize your book when you upload it to your Kindle Direct Publishing (KDP) account.

To help readers find your book ask yourself this question, “If I were looking for my book, what categories would I look under?” Then list all the categories you think your book might fit into.

Next, research the top ten to 20 books selling on Amazon which are like yours. Check out how they categorized their books under “Product Information” and categorize yours similarly. Amazon allows you to choose two category paths. Make sure you take advantage of this and fill in both.

Drill down on the categories so that your book will stand out among its competition. For example, if you write a self-help book – don’t end the category path at “self-help.” What else is your book about? Add another related category sub-path beyond “self-help” to your book and then another until you’ve covered every possible sub-genre to your book might be searched for under.

6. Pick the right keywords.

When you upload your book to KDP you are given up to seven keywords or phrases to use for your book. Do your homework by researching keywords and phrases that people might search under to find your book. And do make sure to use all seven!

Use the type ahead feature on Amazon to see if any of the keywords or phrases you have in mind come up. Use the ones that come up on Amazon as they directly relate to on-site searches for books.

Check out popular keyword searches on Google AdWords too but, use these only if necessary after you’ve exhausted all the keywords and phrases you found on Amazon first. Amazon is its own search engine so when you identify a keyword or phrase on Amazon it is showing up because it is a popular search – so use it. (You can also go back and change keywords. This allows you to experiment with what works best for finding your book.)

7. Write a good description.

Amazon gives you up to 3000 words to write a description. Use as many words as necessary to write a compelling description for your book. This is your book’s “sales page” so put on your copywriting hat when you write it.

8. Price it right.

People will not buy an overpriced digital book unless you are a famous author. If your book is less than 100 pages don’t price yourself out of a sale by listing it at the top price range ($9.99) for getting a 70 percent royalty on Amazon.

After playing around with the pricing on my books I found that, “less is more” in terms of book sales.

9. To give your book away or to not give your book away – that is the question.

Amazon has a program called Kindle Select. You enroll your book for 90 days at a time. You cannot be selling this book on any other websites including your own during the time your book is enrolled.

Enrolling your book in KDP Select allows “borrowing” of your book for free by Amazon Prime members. It also gives you the option of choosing 5 days out of the 90 days your book is enrolled to give your book away for free.

I enrolled my second book in KDP and gave away 464 free copies over two days. The book also rose to #1 in Free books in the Kindle store but, as soon as it wasn’t free it quickly sank right off the best-selling list. Before I gave it away for free the book was selling just fine and consistently ranking between #10 -20. It took nearly two weeks for it to rise back up again and to re-appear on the best-selling list.

My theory is that I saturated my market too quickly. I’m not likely to give my book away for free again. You may feel differently though and you should experiment with this. Some people love it and rave about it. If you are using your book to develop leads for your business and not to create passive income then definitely go for it. “Free” does sell.

10. Get reviews.

Give your book out to people and ask them to read it and please put a review on Amazon. Amazon reviews do help sell your books. Never ever pay for reviews. All reviews must be genuine and come from the heart of your reader.

11. Promote your book!

Display your book prominently on your blog. Write posts related to your book’s topic where you can showcase the book. Link to your book on Amazon and put that link in your posts. Start a fan page on Facebook and promote your book there. If your book is selling – thank buyers by tweeting on Twitter and a posting on Facebook. If your book hits the best-selling list – announce it on Facebook and Tweet about it. You’ve got to create your own buzz.

Organize a virtual book tour where your blogging friends can interview you about the book or review the book. Write guest posts related to your book’s topic and mention the book in your post.

Always keep your eyes open for ways to get publicity for your book. Offer to giveaway the PDF of the book to a reader who leaves the best comment about why they want to read the book and has shared the book on social media.

These are the strategies I use and they are working – and with a little effort and planning they can work for your book too. Here’s to seeing your book on the Amazon Top 100 Paid in Kindle Store List!



You and Elon Musk Have the Same Number of Hours a Day. 6 Ways to Become More Productive Today

We all have only 24 hours in a day and seven days in a week. Many of us at some point become overworked and underpaid. If you still feel you have some work to do to reach your career goals, perhaps it’s time to make some changes to how you are working.

Elon Musk is a brilliant businessman, engineer, and inventor who has taken the world by storm with his forward thinking. While we may not all be on the same mission, one thing that we may share is a need to improve our work-life balance as entrepreneurs.

Here’s how to get more accomplished each day, the easy way.

1. Start your day off right

Sometimes, coffee is the breakfast of champions. Billionaire Elon Musk wakes up and spends about 30 minutes addressing high-priority emails and having coffee. This allows him to start his day off on the right foot, by crossing critical tasks off his list first thing in the morning. If you’re anything like me (with a penchant for saving the most difficult tasks until the last minute), then this might be a good method to help you boost your productivity.

2. Change the way you look at social media

You hear it all the time: People say that social media marketing is the key to a successful business. Remember to keep in mind that the organic reach of social media is low and the algorithms are ever changing. If you want reach, it’s going to cost you — that’s how social media makes its money these days, after all.

For this method to work for you, unique content is the way to go. If you’ve found yourself stuck in a rut of sharing others’ work and not creating any of your own, you’ve got to step it up. Get noticed in the media, contribute articles, and get interviewed on podcasts to get exposure.

Another way to utilize social media is to reach out for collaborations with businesses that have a like-minded following. People will share your work via their social platforms when they feel it offers their readers valuable information or even entertaining content.

3. Change the way you chase opportunities

Recognize that today’s tools and technology have opened the doors of opportunity for entrepreneurs. There’s so much you can do if you have the ideas, the initiative, and the will to keep going. Take control of your career, and remember execution is key!

First, get focused by spending time this week giving your business an honest evaluation, and then get to work. Keep an eye out for new opportunities, continue to meet new people and make new connections, and always have goals in place.

Know what you want to accomplish next, and continue to meet and set new goals. Write them down to make them real. Always try to get more exposure, and don’t limit your thinking.

4. Change the way you take advice

When you run your own business, everyone will have advice for you, coaches to friends and family members. Sometimes it’s good advice, but sometimes you have to listen to your instincts and do what you think is right. After all, you are the entrepreneur.

You have to figure out what makes sense for your business. Listen to someone else’s ideas and put your own spin on them. Trial and error has always been my best friend. It allows me to try something my way, and if it fails, I understand why and can move forward without wondering, “What if?”

5. Change the way you work

Some days you feel on top of the world and unstoppable. Other days you might be running low on motivation. Strive to keep focused, and continue to chip away at your goals. Complete the tasks that are not as difficult to get you going. Just keep putting one foot in front of the other, and you’ll be happy that you didn’t waste your time.

6. Change the way you price your work

How much is your time worth? Just because you are good at something, it doesn’t mean you should do it. Is what you’re doing feeding your soul, making you a better person, or feeding your family?

Remember that your time is valuable, and that you don’t have to take jobs you don’t enjoy. If for the time being you’re stuck doing something you’re good at but don’t love, at least make sure it makes sense financially.



The Authorpreneur: 3 Paths to a Lifetime of Success

The truth is that most authors will not sell more than 500 books. Typically, their book stops selling after their family and friends have already bought it. The reality is that many authors do not have a following, which will halt the sales of their book.

An engaged following is crucial to the success of an author’s book. Although, if your book does not sell 5,000 copies, it does not mean that you should surrender as a failure.

This is why the author needs to become entrepreneurial if they want long-term success. Once the author starts thinking like an entrepreneur, he/she eventually becomes an authorpreneur.

What is an authorpreneur? It is an entrepreneur that offers products and services that are based on their book(s).

Wall Street Journal bestselling author can teach others authors about how their book can make the list too.


Alternatively, a health author can sell their health coaching service as a supplement to the book.

I consider myself an authorpreneur. In my book, Reaching the Finish Line, I offer flexible career paths to ease the transition to becoming a full-time entrepreneur.

As a result of the book, I offer personal consultations and a monthly coaching program for those who wish to go beyond the content of the book. Regardless of your book, you can create products and services that supplement your book.

There are three paths that you should consider to become a successful authorpreneur. There is a path for everybody. The sensible way is to choose the path that falls within your capacity.

1. Traditional publisher.

Many people desire a traditional publisher because of their international distribution in physical bookstores.

It can be even more important if your intent is to target an American or German audience.

Ninety-two percent of American university students and 95 percent of German students prefer print books over ebooks, as discovered in a recent international study.

This study is quite encouraging if your plan is to get your book in all the big box stores, airports, and major bookstores. Although, it is worth noting that traditional publishers will not do a lot of marketing for your book. However, their network of connections can open up an abundant amount of opportunities for you. With those connections, you can partner with some cool organizations like Habitat for Humanity, Amtrak and JetBlue.

It is these partnerships that can help you sell more books and attract potential clients.

2. Independent publisher.

More people are learning that they can make more money with their books elsewhere. Some aspiring and struggling authors do not care about the fame, but rather on making a sustainable living as an author.


Independent publishers offer an advantage — better terms. They do not offer the typical terms that you will get from a traditional publisher (10 percent royalty for print books and 25 percent royalty for ebooks and audiobooks).

Independent publishers also offer the convenience of allowing you to keep the rights to your book. Often, with a traditional publisher, you commit to an agreement for a duration of five to seven years.

The only potential disadvantage that may dissuade authors is the book advance. Some independent publishers offer a small book advance, usually between $2,000 to $5,000. However, some others will not offer any book advance, especially if they are a small press or new publisher.

As an indie author, you will make more money from your books, but you will not have the privilege of leveraging a major publisher’s connections. While your indie publisher may have a network of connections, it is likely that it will not be enough for you to be dependent on them.

Bookstore In LaGuardia Airport

You should also consider partnering with local businesses and nonprofit organizations. It can be harder to form alliances with the national ones if they do not know your brand. However, local businesses and nonprofits are significantly easier because they are more likely to work with local residents. After all, you and they share a common objective, which is making a difference in your community.

These types of partnerships can open up opportunities to sell more books and attract potential clients.

3. Self-publisher.

Self-publishing is without a doubt the easiest way to publish a book. Before there was the book platforms (like Amazon, Kobo, Nook and iBooks) and aggregators (like Smashwords, Draft2Digital and Pronoun), the majority of people were limited to publishing with Author House, Xlibris or iUniverse.


These publishers are commonly known as print on demand publishers. Fifteen years ago, publishing with one of these companies was not such a bad idea. Now, today’s technology has made it easier to publish, and distribute your book through various eBook platforms.

If you truly want to be the publisher, you will need to use your own international standard book number (or ISBN). You can register the name of your publishing company with this number.

Alternatively, you can use an ISBN from the company that will be helping you publish your book. However, that company will become the default publisher (i.e. CreateSpace, Ingram Spark, Smashwords or Draft2Digital).

The distinct advantage as a self-published author is that you will make the most money in comparison to other authors. You can make a net royalty of up to $6 per ebook and $7.50 per paperback book.

Conversely, the main disadvantage is that there will be no publisher to pay you a book advance. Why? Well, you would be the publisher, hence the name, self-published.

Besides the higher profits, you will also endure the other advantages and disadvantages of indie authorpreneurs.  

The final word.

The truth is that few authors are making over $100,000 a year from just writing books. If you want to make an annual six or seven figure salary, you have to create products and services that are based on your books.

Do you want to be an authorpreneur? Well, first you need to write a book. When will you start writing your book?



Jay Z has used his latest albums as corporate bargaining chips

In the last four years, Jay Z has released two albums, both through non-traditional means. While most artists would sign with a record label to release their album, the most successful hip-hop artist of all time, a man worth $810 million, has made deals with a smartphone maker and carrier to cover distribution and promotion. The total value of the agreements, which include not just Jay Z’s music, but his businesses is a whopping $220 million.

Back in 2013, Jay Z struck a deal between his own label and management company Roc Nation and Samsung to release his album Magna Carta Holy Grail for an estimated $20 million, $5 million of which went toward purchasing a million copies of the album. Earlier this year, Jay Z struck a deal to sell 33 percent of his streaming service Tidal to Sprint for $200 million, raising the valuation of the company to $600 million. Sprint announced the deal would include Tidal artists releasing “exclusive content that will only be available to current and new Sprint customers,” and a $75 million budget to fund and market that content.

The musical fruit of that deal, Jay Z’s 13th solo album 4:44, was released June 30, exclusively to Tidal and Sprint customers

In these arrangements, Jay Z doesn’t simply benefit from sales and traditional promotions. He has turned his albums into rising tides that lift the boats that are his various enterprises. In billion-dollar brands, he’s unlocked opportunities that record labels simply can’t provide.


Samsung paid for the marketing on Magna Carta Holy Grail, and that $75 million pool from Sprint is, in part, taking care of the marketing for 4:44. Samsung paid for 1 million albums up front, while Sprint has solidified Tidal’s cash flow and valuation before the album release. And while Roc Nation benefitted from the Samsung deal, Tidal and Jay Z will both profit from the backend streams on 4:44. This will be strengthened by Sprint’s six-month free trial deal it’s offering to its 45 million customers who may want to hear Jay Z’s latest album on the streaming service.

These are things labels would usually cover — marketing would be taken care of and an advance would be paid to the artist — but labels would also take the lion’s share of the backend profit and in most cases own the artists’ master recordings as part of the record contract they signed. Instead, Jay Z has seemingly managed to figure out a way to use his talents as a legendary musician as a bargaining chip in corporate negotiations.

Frankly it’s a brilliant strategy, albeit one that’s only available to musicians who’ve already established their celebrity and their investments. There aren’t even a handful of artists that could get a deal like this done. It takes a superstar who owns their own masters, has had previous success in business, and is still culturally relevant. When you check those three boxes off you’re left with maybe three or four people in the world who can even create a similar offering.


Joe Corrigan | Getty Images

This is a deal that began with Jay Z getting the rights to his masters back as part of his deal to become the CEO of Def Jam Records. That was followed by the launch of his own entertainment company in Roc Nation, which now represents major artists and sports figures like Rihanna and Kevin Durant. And most recently he acquired Tidal, his own streaming service, to give himself and other musicians a platform to distribute their music digitally while having a stake in its ownership. And he did all of this while maintaining arguably the best run a rapper has ever had in the music industry. These deals didn’t just happen recently, they were built over decades of work.

There may be a temptation to call these brand deals selling out, but that suggest eases or a lack of care. These deals are the product of the opposite, a person carefully, meticulously, and brilliantly turning his very identity into a brand, one that has transcended his industry. Jay Z hasn’t sold out; companies have bought in.




5 things entrepreneurs should never sacrifice while building a business

Sacrifices are important to success. In order to doggedly pursue a goal, some things have to be given up.

But figuring out what to sacrifice and when is not a simple equation.

In order to remain true to yourself and your company, you must consider elements of your life to be non-negotiable. Here the top five.


1. Your health

The exhausted, overworked entrepreneur is a tired and ill-informed stereotype. If a business owner is surviving on four hours of sleep a night and a diet of coffee and fast food, they’re not going to achieve much for their company.

Richard Branson is an avid kite surfer

Getty Images | Carl De Souza
Richard Branson is an avid kite surfer

Getting adequate sleep, exercising and eating a healthy diet will make you a more effective leader for your business. There is a direct link between health and productivity, and most successful entrepreneurs, like Richard Branson and Jack Dorsey, make it a priority.


Instead of pulling an all-nighter to troubleshoot your website, go to bed. Wake up early and tackle it in the morning. The more exhausted your brain, the less efficiently you’ll operate and the more likely you’ll make a mistake.

Build exercise, sleep and healthy eating into your schedule. Make time to work out on your lunch break, set a firm bedtime for yourself or spend an hour meal-planning on Sundays. Sacrificing your health for the sake of your business is counterproductive.

2. Your family

It doesn’t have to be a “family” in the traditional sense. It means your support network — the people around you who hold you up, ground you and provide a reliable safety net. No entrepreneur is anything without these people.

Your family might be your spouse and children, a close circle of friends or your parents. Whomever they are, you can’t sacrifice your family in the pursuit of your business goals.

You will lose some headspace while attending to your business. It will require a lot of attention, but that attention shouldn’t be to the detriment of your inner circle. The people who have helped you get to this point should never take the backseat. Always make time to appreciate them and recognize them.

Mark Zuckerberg, for example, makes it a point to be home three nights a week to give his daughter a bath.

Your priorities speak volumes about your character, so it’s important to keep those priorities straight if you want to be successful.

3. Your vision

People will pull you left and right as you build your business. It can be easy to get confused and forget the original vision and mission of your company. Don’t let this happen.

While it’s important to be adaptable, it’s also important to stay committed to your vision. Don’t let the negativity and criticism of others diminish your idea. Many of the most famous and innovative entrepreneurs, like Elon Musk, were told many times that they were crazy.

Elon Musk, founder and CEO of SpaceX

Photo by Kevork Djansezian
Elon Musk, founder and CEO of SpaceX

People will try to get you to change your ideas so much that you don’t recognize them anymore. But as an entrepreneur, you cannot afford to sacrifice your vision.

4. Your curiosity

A unifying characteristic of successful entrepreneurs is curiosity: a willingness to think of things differently, consider the impossible and flesh out complex ideas.

This curiosity is a playful thing, and some entrepreneurs find themselves sacrificing it when they move into the formal environment of the business world. But curiosity breeds innovation, which is integral to your business’s success.

Warren Buffett says that both he and Bill Gates are motivated by curiosity.

Warren Buffett and Bill Gates are friends and leading voices promoting philanthropy.

Photo by Dimitrios Kambouris
Warren Buffett and Bill Gates are friends and leading voices promoting philanthropy.

Don’t let formality and seriousness overcome you. Always remain playfully curious, as this quality will help — not hinder — your business growth.

5. Your team

The people whom you bring on to help build your business — from your partner to your website designer — are central to your mission. These people aren’t the backs upon which you build a business, they are the business.

Like your family, your employees should be treated with respect and appreciation at all times. Sacrificing your relationship with the team that holds up your business will only hurt your progress and tarnish your company’s reputation. Just ask Uber’s Travis Kalanick.

Holding true to a set of values will improve not only the way people perceive you as a boss and business owner, but your self-image as well. A business isn’t worth much if you give away literally everything — your health, your values, your family—to get it. When it comes time to make the hard decisions, don’t let go of these parts of your life.



8 Rules for Succeeding as an Entrepreneur

So what are my tips for entrepreneurs?

1. People are more important than strategy.

If you focus on finding people you want to be with and who you think are talented, chances are you’ll come up with great ideas together that will work. If you start with an idea and then try and find the talent, chances are you will be putting a square peg in a round hole. If you are familiar with Jim Collins’s books, it is what he describes as the “who” rather than the “what.” 

2. Know what customers really want.

Business school teaches the importance of listening to customers. That’s great if you know what to listen for. Sometimes customers don’t know what they need but can describe what they really want or what they hate. For example, people don’t want to buy gasoline, but they do want to be able to drive to the beach. Henry Ford has often been quoted as saying, “If I’d asked my customers what they wanted they’d have said faster horses.” Whether he said it or not, the point is a good one. What business you are in is driven by your ability to know what people really want, not what they say they want.  

3. Market size is everything.

When VCs look at any investment, they will try to forecast the potential market. If the market is big enough, even a half decent company could get to be a decent size. Dominating a really small market may take ten times the effort. Work out how big your opportunity is and what piece of that market you think you could own.

4. Be the customer.

How many times have you seen employees acting against the interest of their company, because the rules of the company made them act that way? Billions of dollars are lost every year because employees do what they’ve been told to do, not what they think they should do. If you are constantly putting yourself in the shoes of the customer and listening to your staff, you will eliminate the craziness.

5. Don’t chase bad revenue.

When starting out, you want customers, but be wary of taking just anyone’s money. Some customers can be bad for business, especially in the services sector. If you take on customers that pay well but make your employees’ life hell, they’ll rightly quit and then you won’t have a business.

6. Understand your culture.

Businesses are like families; they have values and a way of being. These are often a function of the leader or founder’s values. As you grow, you need to be sure to involve people who share those values. For example, if your company has a laid-back, fun culture where you empower people and don’t take yourselves too seriously, then don’t hire people who want a corner office and an assistant.


7. Timing is everything.

One of the biggest reasons businesses succeed or fail is a function of timing. Being in the right place at the right time matters. All of which goes to my first point about not fearing failure; in life, you don’t always know until you try.

8. Think about growth.

We have all wondered what we’d do if we won the lottery. When starting a business, you need to think about what happens if it actually takes off. How will you scale? Who would you hire tomorrow? Would you open up in another city? Would you franchise the business? If you are trying to build the airplane while flying it, don’t be surprised if you crash.




Thought Power – Your Thoughts Create Your Reality

Thought power is the key to creating your reality. Everything you perceive in the physical world has its origin in the invisible, inner world of your thoughts and beliefs. To become the master of your destiny, you must learn to control the nature of your dominant, habitual thoughts. By doing so, you will be able to attract into your life that which you intend to have and experience as you come to know the Truth that your thoughts create your reality.

For Every Outside Effect There is an Inner Cause: Every effect you see in your outside or physical world has a specific cause which has its origin in your inner or mental world. This is the essence of thought power. Put another way, the conditions and circumstances of your life are as a result of your collective thoughts and beliefs. James Allen said it best when he said “circumstances do not make a man, they reveal him”. Every aspect of your life, from the state of your finances to the state of your health and your relationships, is accurately revealing your thoughts and your beliefs.

It’s an Inside Job: Most people have it back to front, believing that they feel or think a certain way because of their circumstances, not knowing the truth that it is their thought power that is creating those very circumstances, whether wanted or unwanted. By internalizing and applying this Truth, that your thoughts create your reality, you will grant yourself the power to create the changes you want to see manifest in your life. Reality creation is an inside job.

Your Thought Power is Limitless: There is a single, intelligent Consciousness that pervades the entire Universe, which is all powerful, all knowing, all creative and present everywhere at the same time – the Universal Mind. Your mind is part of this One Universal Mind and since your thoughts are a product of your mind, it follows that your thought power too is limitless. Once you truly understand that your mind is one with the Single Source of All Power and that this power is within you, you will have found the only true source of infinite power for which nothing is impossible and impossible is nothing. Know that thought power comes from within. Accessing the source of All Power starts by looking inwards.


Your Thoughts are Alive: The greatest mystics and teachers that have walked the Earth have told us that everything is energy. This has now been undeniably confirmed by modern science. Your thoughts too are energy. William Walker Atkinson told us that “where mind is static energy, thought is dynamic energy – two phases of the same thing” and Charles Haanel went on to say that “thought power is the vibratory force formed by converting static mind into dynamic mind”. Your thoughts are alive. Each time you entertain a specific thought, you emit a very specific, corresponding frequency or energy vibration.

What Frequency Are You On: The basic premise of the Law of Attraction is that like energy attracts like energy. You attract to yourself those things and circumstances that are in vibrational harmony with your dominant frequency, which is itself determined by your dominant mental attitude, habitual thoughts and beliefs. Mike Dooley, one of the presenters of the movie The Secret, fittingly suggests that if you want to know what a thought looks like, just look around you. Keep in mind these three words “thoughts are things”.

Not All Thoughts Are Created Equal: The attractive power of any particular thought is determined by how often you have that thought and by the strength of the feelings or emotions associated with it. The more energy you give to a particular thought, the greater its power to attract its corresponding circumstance into your physical world through the Law of Attraction. Your one-off, passing thoughts do not have the same creative power as your habitual thoughts and beliefs. Remember, that it is of little use to entertain positive thoughts for just a short burst of time each day if you then proceed to think negative or unwanted thoughts for the rest of the day. A negative thought cancels the benefit of a positive thought and vice versa. Since your reality is the sum total of all your thoughts there are many factors influencing your life. This makes it difficult to directly join the dots between the cause (thought) and the effect (circumstance) but the causation is always there.

Use Thought Power to Change Your Life: It is your subconscious mind that is the storehouse of your deep-seated beliefs and programs. To change your circumstances and attract to yourself that which you choose, you must learn to program and re-program your subconscious mind. The most effective and practical way to do so, is to learn the simple process of creative visualization. It is the technique underlying reality creation, making use of thought power to consciously imagine, create and attract that which you choose. Your imagination is the engine of your thoughts. It converts your thought power into mental images, which are in turn manifested in the physical realm.

Instantly Replace Unwanted Thoughts: To instantly neutralize the power of a negative thought, calmly and deliberately replace it with its opposite, positive equivalent. For instance, if you think to yourself “I’m not good enough, I will never succeed”, mentally replace that thought with “I am good enough and success comes to me easily”. You can also use the “cancel, cancel” technique made famous by the Silva Method. Each time you catch yourself thinking an unwanted thought, mentally tell yourself and the Universe “cancel, cancel” and immediately follow it up with a positive statement.




What We Do In Life Echoes In Eternity


5 Wrong Reasons for Becoming an Entrepreneur

There are many good reasons to become an entrepreneur. We live in a place and time that not only celebrates entrepreneurship, but makes it both possible and rewarding. Even those of us who never take the plunge at least occasionally fantasize about what it would be like to create and run a business of our own, whether we’re after the creative potential, the feeling of autonomy or the chance to follow our passion.

I firmly believe that anyone with the right dedication can become a successful entrepreneur, regardless of his or her motivations. However, there are some “wrong” reasons to become an entrepreneur, and if they constitute your motivations, you’ll be more likely to be dissatisfied with your work, will burn out,or will actually fail:


1. To get rich

Thanks to the popularization of outlier entrepreneurs who seemed to become overnight billionaires, there’s a common misconception that entrepreneurship is the fast track to getting rich. As the owner of your business, you’ll be entitled to at least a portion of the profits your company makes (and potentially all of it, if there are no other owners). In addition to that, you may draw a salary.

However, that won’t guarantee that your business will be profitable, or will succeed indefinitely. It’s certainly possible to make a good living from your business, but you can’t count on striking it rich — even if you have a good idea.

Being motivated only by money will interfere with your ability to make long-term decisions for your business, and will leave you feeling unsatisfied and stressed if you don’t meet your target numbers.

2. To become famous

It’s true that becoming an entrepreneur has the potential to increase your personal visibility — especially if your marketing strategy relies on media exposure. Look at entrepreneurs like Mark Cuban, Richard Branson or Elon Musk: Tese are high-profile people who get lots of media attention and have attained celebrity status.

However, pursuing business creation and management for the sole sake of gaining popularity for yourself is a bad idea. Relentlessly pursuing more personal branding opportunities is going to take you away from the office, where you’ll be needed. Plus, your idea of successful entrepreneurship will lmost certainly be distorted by survivorship bias.


3. To have unlimited vacation

Yes, it’s true: As an entrepreneur, you’ll get to make your own schedule. You’ll set your own hours, work whatever days you want and take unlimited vacation time, if you want. But, remember, your business’s success will depend on the effort you put in, and the unfortunate reality is that your first business is more likely than not to fail.

If you’re busy traveling six months out of the year, you won’t have enough time invested in your business to help it become successful. If all you can think about is vacation time as a business owner, you’ll be grossly underestimating the amount of work it takes to run that business. Instead, chances are, you won’t have much time for regular days off for at least a year or two.

4. To make other people happy

Some entrepreneurs start businesses because they like the idea of being a positive force in the world, and I respect that. They want to build a great team, take care of their employees, make clients happy and make the world a better place while they’re at it.

Unfortunately, though, this mentality may lead to poor business decisions; for example, you’ll be more likely to keep unproductive workers around (rather than making tough decisions to fire them) because you’ve bonded with them. You’ll keep unprofitable clients because you refuse to move on. And you’ll sacrifice your own profitability for other causes.

You may be willing to make those sacrifices, but your business won’t do anybody any good if it ends up folding. As a business owner, your primary responsibility should be to make the right decisions for your business.

This position will make you feel sort of like a parent, with the business your child. It’s up to you to protect it and nurture it. After all, if you don’t, who will?

5. Because, “Why not?”

You may not have a specific motivation. You may just have an idea and the impression that anyone can become a business owner. At that point, you might also be thinking to yourself, “Why not?” and be building a business for no reason other than the fact that you can. This is a whimsical approach that does have a chance of succeeding, but it’s more likely that you’ll start running into problems you had no idea existed.

Do you have a financial model? Do you know how to scale? Do you know how much capital you need to start or what competitors are out there? Are you psychologically strong enough? Are you familiar with the dark truths of entrepreneurship?

If these motivations represent only a portion of what’s driving you, they probably won’t sabotage your efforts. For example, if you like the idea of becoming rich, but you’re also interested in being your own boss and working with a team of people you get to choose, your monetary motivations aren’t likely to interfere with your happiness or your decision-making.

successful businessman



When You Teach Your Son – You Teach Your Son’s Son


Now that you’ve formed your LLC, you’ll probably want to establish business credit for your company. It’s crucial for you to know the difference between true “business credit” and business loans that you’re personally liable on.

Not All Credit is the Same

First, once you form your LLC, it will recieve all kinds of solicitations for credit cards for your business. When I formed an LLC a few years ago, within a few weeks I had an offer for a Quicken Business credit card in my mailbox. I don’t even know if I had opened a bank account for the business yet.

This credit card, however, was not business credit. If you read the fine print carefully you will find that you are personally liable on this credit card. Meaning, that if the company doesn’t pay the bill, then you will have to.

This is not true business credit.

True business credit is a loan, line of credit, credit card, etc. to which you owe no personal liability. If your company can’t pay, then the creditor is out of luck and you are off the hook.

Needless to say, business credit isn’t easy to get. But it can be done.

Five Steps to Building Business Credit

What you need to do is build a credit history for your business just like you did for yourself, personally. Check out these five tips to establishing business credit:

  1. Open a credit card in the business’s name. Yes, you will be personally liable on your first business credit card. It’s almost unheard of for a brand-new company to get a credit card without the owner personally signing and guaranteeing payment.
  2. Only use the card for purchases you know the business can pay. For example, toner and paper for your printer and other office supplies. In other words, small purchases. Use it every month, because this will establish a consistent history. Always make the minimum payment on time (you’re trying to build a good credit history).
  3. Get a D&B number and account. D&B (Dun and Bradstreet) is a essentially a credit reporting company for businesses. They’ll ask for a lot of data, some of which you need to give (like name and address), and some you don’t (detailed financial statements).
  4. Pay all your suppliers on time. This is pretty self-explanatory. Don’t string suppliers out longer than agreed to. If the contract is 60 days, pay by day 60.
  5. Make sure your suppliers report your good behavior to D&B. Most companies only go to D&B when their customers don’t pay (D&B does collections). Encourage them to report your good payment history as well.
  6. Ask your bank for a credit card without a personal guarantee. If you have too small a bank balance, you probably won’t get one. However, if you have a decent bank balance and you are willing to accept a lower credit line, then you can get a card in the business’ name without a personal guarantee. This is the first taste of business credit, and it will only grow from here.



10 Ways Mentally Strong People Build Powerful Mindsets

Some people call it grit. Others call it perseverance. Whatever name you give it, a strong mindset is a trait shared by the world’s best performers – whether they are entrepreneurs, leaders, musicians or athletes.

Yet a strong mindset is more than simply refusing to quit. True strength of mind comes from a combination of awareness, focus and resiliency. A strong mindset is what allows you to stay focused on your intentions, instead of negative thoughts. It’s what helps you understand that struggle is impermanent and won’t derail your success. It keeps you from making self-destructive decisions.

So how do you cultivate a mindset that rivals the strongest performers on earth? You learn and adopt the same habits they use every day. Here are ten things that remarkably successful people do to develop a powerful mindset of success.

They use the power of intention

I recently met Randy Jackson, former host of American Idol and prolific business leader in the music industry, at The Human Gathering conference in Los Angeles. He mentioned that artists like David Bowie and Madonna had a mindset that produced an insatiable belief in their future success. They acted as if their success and fame was as real as gravity, even before they had it.

This is a great example of how successful people use the power of intention to build belief systems around the things they want to create or experience. Then they make them real. You can learn to tap into this power by using this list of powerful mantras that help build a mindset of success.

They make time to think

Successful people are certainly busy, but that doesn’t mean they’re constantly hustling with their head down. They also understand the importance of reflection and introspection. They take time to examine their progress and give their minds the space needed to notice new ideas or opportunities.

They learn to deal with negative thoughts

The best performers are aware of the negative thoughts that derail most people and they know how to deal with them in a productive way. Instead of suppressing negativity, they accept that negative thoughts are simply thoughts with no inherent power. They don’t attach to them, and in doing so, are free to look at the same situation from a new angle. Finally, they replace the negative thought with a new one that serves them well.


They don’t listen to the haters

When you play big, someone is bound to hate on your ideas or success. Winners do not give their power away by allowing hate and external judgment to affect their ambitions or self-confidence.

They meditate

Meditation aims to calm your mind so you can become aware of your thoughts and emotions. While the techniques and tools vary, a meditation practice helps you get to know yourself on a deeper level while also lowering your baseline of stress and anxiety. Top performers know that moments of stillness dissolve distractions and stress – leaving them with the clarity to flow in the direction they want to go.

They work with coaches

Even the most successful people hire coaches to help them stay focused, remain accountable to the process and hone their craft. They know that a coach is a key ingredient to pushing their minds and talents to the next level.

They are constantly learning

One trait shared by remarkably successful people is a dedication to reading and learning. Successful people are voracious readers. They know that learning is a key ingredient for a growth mindset. Here’s a list of great books for entrepreneurs.

They have clear goals

Successful people know what they want. They define their goals in specific terms and they write them down on paper. The process of writing them down makes them feel even more real. Also, many successful people use vision boards to keep their intentions in the forefront of their minds.

They exercise

We all know that exercise is good for us, yet that doesn’t mean we actually make it a priority. Remarkably successful people know the connection between a healthy brain and body and professional success. The path to greatness includes physical and emotional demands that are more manageable when your mind and body are strong and healthy.

They laugh

Everyone needs a release, and laughter releases endorphins, the brain’s “feel good” chemical, which enables us to let go of stress and negativity. People who laugh often are happier and more productive. Find time for laughter every day, even if it’s a quick video clip on YouTube.

When your mind is strong, you can handle the ups and downs of the entrepreneurial journey. When your mind is weak, you’re vulnerable to making bad decisions due to fatigue, fear and panic. Adopt these habits and build a powerful mindset that will lead to personal growth and professional success.



How to Prevent Failing From Staining Your Entrepreneurial Career

Most entrepreneurs fail. Some fail more than once. Some fail big before going on huge success. Moving through failure does not make you a bad entrepreneur. It actually gives you the tools to become better at business. Many people are tempted to look at their failures as a horrid stain on their professional lives when, in fact, they often serve as a strength. Here’s why.

Failure is everywhere.

There are endless stories about failure and what entrepreneurs did to overcome it. The front page of Entrepreneur.com is filled with the failures and successes of people like Tony Robbins or Elon Musk, and those posts get some of the biggest page view totals.

Musk is flirting with failure all the time. He has his share of doubters and critics who don’t think he’s going to succeed with his Gigafactory or Solar City for instance. People are still pretty skeptical SpaceX will ever really make it to Mars or that Musk will even deliver Tesla’s Model 3 shipments on time.


You don’t see often stories about people who failed, shied away from opportunity,  then just crawled into a cave. The oft-cited, iconic lessons on failure from Abraham Lincoln, Thomas Edison and Walt Disney still hold true. One of the most famous authors known today started from a place of unemployment and depression –- Harry Potter creator, J.K. Rowling.

Who hasn’t had a poor interview, lost sale, negative review or missed opportunity? They can cause a range of reactions — even emotional or physical pain. Some people get a stomach ache and dive into a hole of self-pity and doubt. Others get defensive and look for every excuse to justify the loss. People who succeed in times of failure know how to view the situation, overcome their fears, and take back control.

The experience of failure changes your interpretation of the world. It can distort your perceptions, create conscious and subconscious feelings of negativity, and make your future seem unattainable. Only you can change your internal experience from fear and pessimism to optimism.


Take control over failure to change your future.

Before trying to see a failure as a strength in the context of entrepreneurship, you need to conquer any negative inner monologue you’ve got going on. If you’re struggling to see the good in the face of failure, try these techniques to regain control:

  1. Use psychology. People don’t need to struggle with clinical mental health issues to benefit from the principles of modern therapy. Explore various therapy models such as cognitive behavioral therapy to overcome underlying fears associated with failure and learn new ways to cope in the future.
  2. Identify the reason for failure. Confront the cause of failure and learn from it. There are three main types of failure: preventable, unavoidable, and intelligent. Each arises from situational or human errors and the type can inform corrective actions in the future. Even if the failure you need to explain happened years ago, take time to dissect it today.
  3. Be ready to tell the story. You can sweep some failures under the rug and no one will question you. As an entrepreneur, however, you may face questions about your past that you want to answer confidently and honestly. This may happen if you’re seeking investment or looking for people to help you build your company. Lay out what happened, identify the type of failure and its circumstances, and describe your response. I’ve interviewed dozens of entrepreneurs who have failed, and they typically say they’re more interested in how you respond to failure than the fact that you failed. If you took effective corrective action to soften the defeat or later picked yourself up to keep trying, you persevered. Perseverance is a trait integral to entrepreneurial success and people know it.
  4. Understand that it doesn’t really matter much. It hurt a lot at the time, but the truth is, your little failure doesn’t matter much. Other people may not really look at it as a failure at this point anyway. Wear the darn thing like a badge of honor.

As I mentioned, failure is everywhere. Whether an economic downturn shut down your last business venture or you made a glaring mistake in a past job, you are not the person you were at the time you suffered through difficulties.

All that really matters is whether you picked yourself up and kept going. If you can be someone who perseveres, learns from mistakes, and moves forward, no failure will stand in the way of actual success in life. You know what they say; the real failure is the person who stops trying.



The Reason Your Multi Level Marketing Business is Bankrupt

5 Steps to Finding Your Millionaire Mentor

One of the ways to jump start your success is to be very mindful of the company that you allow to influence your thoughts. And for the most of us, our thoughts have been conditioned to behave and act in certain patterns since birth.

So, if you naturally think for the worst, fear the worst and hang around with negative people, then you have a mountain to climb, but the good news is it is all changeable.

Our brains are only designed to know a certain amount of people. This means we are influenced by those closest around us, and as a result it is important to be intentional about who we surround ourselves with because we subconsciously think and behave like the 5 closest people that are around us on a daily basis.

It is very vital that everybody positions themselves for success by finding a mentor that has been there and done that in the industry that they are in. Most people don’t have a mentor because they either don’t know who to find as their mentor or they don’t know how to approach one.

Step 1: Realize who the mentor is

A mentor is a person who is at least 10 years ahead of where you are and represents where you want to be in your wildest dreams. Somebody you admire, respect and trust but also would get along with.

A mentor is somebody who has gone down the road that you want to go down and can look back and advise you on avoiding certain pitfalls. Mentorship relationships are things that takes time to develop, and because of this it should stay in place for many years.

“A mentor is someone who sees more talent and ability within you, then you see in yourself, and helps bring it out of you.” – Bob Proctor

Step 2: Understand why you need a mentor

Here is a list of reasons why you need a mentor:

  • Guidance and direction
  • To take you to the next level
  • To help realize your goals and dreams
  • Knowledge and expertise
  • Experience and advice
  • Support and network
  • Prevent you from years of failure
  • Keep you on the right track
  • To hold you accountable

Knowing why you need a mentor in the first place is a very important step to understand.


Step 3: Know the places you should go to find a mentor

Here are a few places where you can find your mentor:

  • Website/Online/Internet (google their name)
  • Industry events like seminars, talks and conferences
  • Chamber of commerce
  • Social media sites (facebook, twitter, linkedIn)
  • Local Business Seminars

Mentors can be found everywhere. Knowing the kind of mentor you need will help you track down where to find them.


Step 4: Follow this criteria when looking for a mentor

Not just anyone can be your mentor. You really have to see if both of you have the synergy as a mentor and a mentee. You guys won’t be talking about business 24/7, so you guys should have things in common that both of you like. For example: both of you like to play basketball or soccer and that is another way you guys can connect.

Both should have a vast range of knowledge in the business you are in. Plus the position they are in, is the one you dream to be in on a daily basis. Most highly successful people value their time the most, so what they do is they have filters that filter out the people who aren’t really serious about doing what is necessary to achieve the success they desire. You have to show them that you really want it and you are willing to hustle for it.

Before approaching your mentor to ask him/her to be your mentor, you will need to consume all of their existing material (YouTube Videos, Blog Posts, Seminar Events, Books etc.) because if you haven’t even gone through their material, they know you aren’t willing to do what it takes.

Not only that, you should message them and update them on your progress in the online business and whatever you are working on to show them you are consistent and not just looking for a quick buck.

“You don’t ask a guy to be your boyfriend on the first date – the same goes for asking someone to be your mentor.” – Angie Chang

Step 5: Ask them to be your mentor

After you have consumed weeks of their videos, courses, blog posts, attended seminars etc. Then you could write to them. You do this through Facebook, Twitter, Website, wherever you can find a way.

Here’s a script you could use to ask an authority figure to be your mentor. In our case we will use our millionaire mentor Dan “The Man” Lok as an example. Only use this script after you have established a relationship with your mentor and you have done all the steps above.

Hello Dan, My name is (fill in the blank). I admire what you do as an internet marketer and what you have achieved already in your life. I have followed your work for months and I’ve finally plucked up the courage to write this email. I am a struggling entrepreneur and I feel I could do with your help as my mentor. I am willing to do what it takes to succeed and I just need a break. Please permit me to invite you for lunch. I know you value your time. I would appreciate if I could get 30mins with you to see if we make a connection and you take me on as your mentee. My Skype ID is: (fill in the blank). My Cell is: (fill in the blank). Thank you very much for taking the time to read my email. I look forward to hearing from you. Sincerely…

Tip: After he/she agrees to meet you for lunch, you get the bill! Remember, that lunch was probably life changing and worth thousands to you!



5 Simple Ways to Generate International Passive Income

There are many organizations that provide you with an opportunity to generate international passive income. But the problem is that most people do not understand it properly and think that they are scams. I understand that it may be true to some but not for all. There are some programs that may promise you of high international passive income but they do not actually do what they promise.

Mostly, these international passive income programs are related to trading business or an online marketing business. There are many ways through which you can find out what these programs are really offering to you.

Firstly, you should find out if the program provides you with the necessary tools or training that is required to operate the business internationally. This is noticed in the online marketing industry. They have websites that display offers for all to review.

Secondly, you should check if the income is passive. A passive income is a profit that you will receive daily and that can be maintained by putting in little efforts. The network marketing association and network marketing groups are such two great examples of the passive income. The basic goal of network marketing is to employ more and more people in the business and you can earn a good commission amount based upon the sales they make and also on your own sales. This means that you can earn commissions based on the people you have recruited when they make sales without you being actually putting any efforts in generating those sales.

There are several other ways wherein you can earn international passive income. Well, most of the programs actually support active incomes which are generated instantly like forex trading. But, the international passive income programs should be chosen carefully by researching them, then deciding whether they meet your expectations or not.

Here are some of the ways to generate international passive income.

1: Writing: Write articles and promote products to earn money.

2: Blogging: There are many people who earn money by writing blogs.

3: Affiliated marketing: It is how you market other peoples products and services.

4: Selling out your own items on E-bay or Quickr.

5: Writing your own e-book and selling it online.

You can get international passive income opportunities by carefully researching them, online with the help of the internet. Well, most of us may think that these income streams are a scam because not all understand it properly. But, this is not true. A international passive income is a source to earn money for those who would like to work from home. It can also be a great opportunity for those who want to just earn extra money.

The international passive income can either be a result of the overseas customers, who are buying your product or services or it can be an overseas company who have appointed you to market and sell their products. Whatever the case may be, you will be paid for the efforts based on the amount of time and determination you put into the work. In most cases your payments can be deposited directly into your bank account.



7 Reasons You Need a Mentor for Entrepreneurial Success

Mentors. They’ve been there, done that and have seen it all. Yet, a woeful number of entrepreneurs start their careers without one. In an age where instant gratification is glorified, it’s unsurprising that many entrepreneurs and young founders do not seek out a mentor as hard as they try to find a co-founder.

While arguments abound on why entrepreneurs do not need mentors but should only follow their own instincts and gut feelings, most successful tech titans have founders who had mentors. Facebook’s Mark Zuckerberg was mentored by Steve Jobs. Jobs was mentored by Mike Markkula — an early investor and executive at Apple. And Eric Schmidt mentored Larry Page and Sergey Brin of Google.

Like most startup founders, I didn’t start with a mentor. I got into the industry and had to look up to someone who is well known in the field. This is not as effective as working hard to get a mentor to guide you while you run your business — but it’s better than nothing. Having been in business for more than seven years, I’ve realized the importance of having a business mentor.

Here are seven reasons having a mentor is important.

1. Gain experience not shared in books.

Experience is a very expensive asset — yet it’s crucial to business success. There’s only so much about a person’s experience you can gain from books. It’s an unstated truth that most authors do not feel comfortable revealing everything about themselves in books. Some personal experiences may be too intimate to be shared, yet how they dealt with it can help an inexperienced entrepreneur’s career.

Mentorship is one guaranteed way to gain experience from others.

2. You’re more likely to succeed with a mentor.

Research and surveys prove that having a mentor is important to success. In a 2013 executive coaching survey, 80 percent of CEOs said they received some form of mentorship. In another research by Sage, 93 percent of startups admit that mentorship is instrumental to success.

Your chances of success in life and in business can be amplified by having the right mentor. The valuable connections, timely advice, occasional checks — together with the spiritual and moral guidance you will gain from having a mentor — will literarily leapfrog you to success.

3. Network opportunities.

Aside the fact that investors trust startups who are recommended by their friends, a successful mentor has an unlimited network of people who can benefit your career. Since they are already invested in your success, it only makes sense for them to let you tap into their network of people when the need arises.

This is an opportunity you cannot tap into if you do not have a mentor.

4. A mentor gives you reassurance.

It has been proven by research that a quality mentorship has a powerful positive effect on young entrepreneurs. Having someone who practically guides you and shares your worries with you — often placating your fears with their years of experience — keeps you reassured that you’ll be successful.

Self-confidence is very important to success as entrepreneurs. A 2014 Telegraph report revealed that having a high self-confidence contributes significantly to career success — more so than talent and competence. Mentors have the capacity to help young founders tap into their self-confidence and see every challenge as an opportunity.

5. A mentor will help you stay in business longer.

When you imagine the number of businesses that fail, you’d wish a lot of business owners had mentors. According to SBA, 30 percent of new businesses may not survive past the first 24 months, and 50 percent of those may not make it past five years. However, 70 percent of mentored businesses survive longer than 5 years.

6. A mentor will help you develop stronger EQ.

Does maturity bring about a higher EQ in entrepreneurs? Emotional intelligence is crucial to entrepreneurial success. When a young entrepreneur has a more mature and successful mentor who advises them, they are likely to have greater control over their emotions.

We all know that a quick way to make a business fail is to mix it with emotions or make crucial decisions based on emotional feelings. Situations like this can be curbed as mentors will help show you how to react in given instances.

A story on Business Insider reveals how Schmidt worked with then inexperienced Page to manage the affairs of running a fledgling startup. An inexperienced CEO often makes decisions based on emotions, but one with a mentor like Schmidt is able to overcome critical hurdles by making smart decisive judgments.

7. Encouragement.

Enduring the consequences of failure on your own can set you back and impact your productivity. In hard times, having a mentor will help you keep your head high. Young entrepreneurs often deal with depression when they are unable to meet their goals and expectations. The impact of depression on entrepreneurs is often underreported. But entrepreneurs without mentors bear the brunt the most.

A mentor who has experienced the highs and lows of running a business is in the perfect position to give positive and soothing words of advice to you when things refuse to go your way. And not only do they have the right words to share, they would also have ideas to help you navigate your way to success.



Napoleon Hill Pt. 3 – The Lost Lectures about Philosophy, Wealth Building , and Achievement

Napoleon Hill – The Lost Lectures about Philosophy, Wealth Building , and Achievement Pt. 1

The Meaning of Success and How to Define Success in Life

This article about accomplishment is going to explain the meaning of success and shall answer the question: “How to define success in life?” In the following, you can find a definition of success and what it means to be successful in life. (For a more detailed explanation of success, have a look at what is success. Also, be sure not to miss: how to measure success and what does success mean to you. Definition of Success: Success (the opposite of failure) is the status of having achieved and accomplished an aim or objective. Being successful means the achievement of desired visions and planned goals. Furthermore, success can be a certain social status that describes a prosperous person that could also have gained fame for its favorable outcome. The dictionary describes success as the following: “attaining wealth, prosperity and/or fame”.

How to define success in life?

The only person that can answer the question above is you. I am neither able nor willing to prescribe the ultimate definition of success, as this is not possible. Every person is thinking differently about being prosperous in life and is defining success in another way, so there can’t exist a definition that is suitable for all. It is very important that you know exactly how to define success in life! Make yourself aware what accomplishment, success, and prosperity in general means to you in your life. Some might define success as having luxurious cars and a huge mansion, whereas others consider a life full of joy and happiness with their family as the true meaning of success. Once you have figured out what is important for you personally you are able to focus on your visions and goals.

The meaning of success

One of the most important key steps to achieving success in life is to know the meaning of success for your personal life. The true meaning of success goes far beyond the common definitions of success, such as having a lot of money, being wealthy, having a lot of tangibles and earned degrees. Quite the opposite: true success in life cannot be measured with the above-named factors, but instead with the amount of people that are able to live a better and more advanced life because of what you created. This is the meaning of success. Not the trophies people are collecting in their lives. Media and society let us often conclude that living a successful life means to be extraordinarily wealthy and have a lot of tangibles. But the meaning of success is to live a happy life and to make this world a better place for everyone.

Definition of failure

The opposite of success is failure as it means to fail while trying to achieve aims or objectives. Besides this regular definition of failure, it also can be said that even wealthy and successful persons fail in their lives. Just think about the rich and famous and all their scandals, addictions and suicides. All of them were extraordinary persons but a lot of them were also extremely unhappy with their lives and were not able to see the meaning of success. Wealth cannot be defined with money, but instead with values in your life that make you a happy person, such as friendship, relationships, and your family.

  1. The difference between accomplishment and success:

    Accomplishment is often associated with success, but it is not the same. Accomplishment refers to the results we desire when we attempt to reach specific goals. Basically it is the results that we plan or expect to occur. Success is the positive consequence or outcome of an achieved accomplishment.

  2. The definition of accomplishment

    Accomplishment can be seen as the process to become successful and with every accomplished goal you take a step towards prosperity and a life full of success.

How to achieve success in life?

  • The process of becoming successful starts with elaborated goal setting
  • Define a strategy and a plan how you intend to reach your goals, aims, and visions
  • Keep in mind that success is the consequence of having earned a series of accomplishments, so make sure to divide your goals into easier to reach subgoals

Success quotes:

In the following, I have found some very inspiring and motivating quotes that shall accompany you on your journey to achieve happiness.

Action is the foundational key to all success. ~ Pablo Picasso

Always bear in mind that your own resolution to succeed is more important than any other. ~ Abraham Lincoln

Defeat is not the worst of failures. Not to have tried is the true failure. ~ George Edward Woodberry

Discipline is the bridge between goals and accomplishment. ~ Jim Rohn

Keep in mind the meaning of success and always try to remember how to define success in life, so that you will be able to live a life full of happiness and joy.



I was a multi-millionaire by 27—here’s what I learned

In the early 2000s, I was an early employee at a Silicon Valley technology company that designs and markets cutting-edge computer processing chips. When I started, there were a few dozen other people. When I left, there were thousands. I was a computer processor engineer, architect, and manager. The company is now one of the largest and most successful in the world.

I made some number of million dollars. I never really figured out exactly how much it was. I think it might have been around $5 million. I know that my adjusted gross income in at least one year was about $1.5 million. I was making at least $500,000 per year.

Some people say that “money doesn’t make you happy,” yet they continue striving to be more wealthy in the hope of becoming more happy. It’s one thing to say it or think it, and it’s another thing altogether to experience it.

Money doesn’t make you happy, and it doesn’t make you content either. I remember getting to the end of a particularly challenging but satisfying project, putting my feet up on my desk, taking a deep breath, and realizing that I had it all.

I had the fancy million-dollar house in Mountain View (where Google is based). I had a small mortgage on that house, but I could have paid that off any time I wanted. I had a house in another country that I owned outright. I had the luxury cars that I purchased with cash. I had the attractive wife at home. I was highly respected where I worked. I had freedom to work on whatever I chose. I had a very high salary, lucrative stock options, and more money than I knew what to do with.

But I felt anxious and dissatisfied. On some level, my striving for success had been driven by a belief that my deep suffering would go away when I had enough wealth. I learned first-hand that once our basic needs are taken care of, the level of contentment and happiness we experience has nothing to do with how much wealth we have.

In fact, wealth can actually make life worse. We can use wealth to distract us from our deeper issues by spending money on things we don’t need, or worrying about losing our wealth. Life might also get a lot more complicated with wealth.

I have become aware that I tend to worry about not having enough money in the future, and that this fear has been with me all of my life. It is not correlated with my net equity or my net cash-flow.

You can only help people to help themselves

Instead of buying a holiday home at Lake Tahoe or a some investment properties, I purchased a house in another country for some members of my extended family to live in. I let them live there without paying rent for a few years. I was essentially giving them tens of thousands of dollars per year from my own pocket.

I later found out that these people resented me for doing this. They felt that I was treating them like children and claimed that I had not included them in the process of choosing and buying the house. They claimed that I had caused them to lose the favorable tenancy for a much smaller house that they had with their previous landlord. They claimed that they didn’t like the house that I had bought.

Financially, I lost not only the rent for that house, but enormous amounts of money in currency exchanges, in buying and selling fees, and in having a very low return on investment. The whole process consumed much of my time and energy over an extended period time.

I used to believe that people were inherently reasonable and good. This process taught me that I should not assume that people can be relied upon, or that other people will necessarily receive from me in the same way that I receive from others.

I learned another big lesson from this. I now never help people who don’t ask me for help, and even then I only help them to the extent that they ask. I also look for ways that I can help that don’t compromise my own position, and that require the least outlay of my money, time, and effort.

There will always be someone richer than you

If you equate your worth to how much stuff you have, then you will always be noticing people who have more than you, and you will always be feeling that you don’t measure-up.

If you suffer from this, you’re not going to get to some magical level of net worth and finally realize that you are valuable. In fact, the problem is going to just get worse. I bought a bigger, fancier house in Mountain View, mostly because I didn’t think that my house in Santa Clara was fancy enough. I couldn’t, at that time, buy the level of fanciness that some of my friends could. When I moved to Mountain View, one couple I knew moved from Palo Alto—which is already nicer than Mountain View—to Los Altos Hills, which is super-fancy.

The trick is to figure out how much money you actually need and want in order to get your pragmatic needs met. How much money do you need to live a reasonable lifestyle? Optionally, you could also work out how much wealth you need to accumulate in order to become financially independent while living your chosen lifestyle.

It’s also important to heal the wound that makes you strive to feel valuable based on what you have. I believed that I was fundamentally worthless. Through a process of psychotherapy, coaching, authentic friendships, and healing intimate relationships, I came to understand that I have a rich intrinsic value. Others enjoy me just for my essence, and I learned how to internalize that so that now I can enjoy myself just for my essence also.

Luxury is an addictive drug

The frugal blogger Mr. Money Mustache tells us that luxury is weakness. Luxury is an addictive drug. Until we understand this, it has the power to ruin our lives.

I remember driving my brand new luxury sports car and noticing that my identity was becoming tied up with the car. I realized that this super-expensive car would wear out and then I would need to buy another one. To keep my identity, I would need to keep generating a lot of money. It was like having a drug habit. The car didn’t make me feel that good, but the idea of not having the car felt lame. So I realized that I would need to keep having that fix to feel normal.

This process of getting the drug to get back to normal is a common experience for drug addicts. Also, tolerance to the drug increases with abuse over time. An amount of the drug that was once satisfying starts to not have the desired effect. We find that we need more and more of the substance or experience to get back to normal.

The problem is that, as the U2 lyric goes, “You can never get enough of what you don’t really need.” Once you have the Porsche Cayenne Turbo, you start wishing for a Bentley Bentayga. The more luxury you have, the more luxury you need, but luxury never really satisfies the itch that it promises to scratch.



Self-made millionaire shares 3 tricks for raising successful kids

With a little work, you can make sure your children are self-confident, self-reliant and built for success.

For starters, you should be talking about success all the time in your home. It has to be a part of daily life.

Always encourage your kids with their dreams, and never discourage them from dreaming big. The more you talk about success, model being successful and encourage them to dream about success, the more you’ll place in your kids the hope and drive to make success happen in their lives.


Here are three tips for cultivating success in your home:

1. Decide on the goal


The first and most important thing you have to do as a family is decide that this matters to you, and then reinforce that decision over and over.

Put a stake in the ground. Everything starts with a firm decision with true commitment behind it. Take responsibility for the success of your entire family.

To do this, of course, you need to define what success is to you and your family. Since success really can be almost anything, everyone should be involved in defining your communal idea of success and then buying into it.

2. Make success important

Regardless of how you define success — whether it is primarily financial, spiritual, physical, mental, emotional, philanthropic, communal or familial — the most important thing you must know about success in order to have success is to make it vital.

Make sure your kids see you win and they derive a lesson from it if you lose. Make sure they understand what happens if you can’t get your art sold, or you can’t get that great book published, or you have some great idea that will improve the world but can’t succeed in bringing it to fruition.

Help them understand the stakes. That will help motivate them.

3. Help your kids visualize

For kids, the future can be hazy and abstract unless you help them visualize it more clearly. Then, once you’ve done that, reinforce the visual daily. Encourage your kids to write down plans and ideas.

Make a dream board where you use photos to visualize this future. You can start with what I call the lottery game. This is when you imagine exactly what you would do if you won the lottery. The things that come to mind may not seem “realistic.” That doesn’t matter.

What you need to realize is that these dreams are big, but they are attainable, and you don’t actually have to win the lottery to do them. You need to work hard and become financially free.


Let no dream be labeled as unrealistic.

Once you’ve made the decision to have a home filled with success and made success important, and after you’ve helped everyone visualize what they want, then it’s time to take action, as I describe in “The 10X Rule.” Figure out what the habits of successful people are and study them, for example.

But the most important thing to do is start, and that’s what you’re doing by setting this goal and working on it with your kids.



4 Ways Entrepreneurs Can Find Inspiration, Ideas and Motivation For Business In Everyday Life

Ideas are everywhere. Ideas can sometimes be a problem that just needs an answer. Inherent in every problem you face everyday is an idea that can change the world. Solutions are simply ideas that someone stayed and thought out after hours/days of deliberate ponderings. o current and budding entrepreneurs.


Ideas are sparked into existence usually by some independent and unexpected factor; they don’t come just because we will them into existence. Having an eureka moment is more probable when we decide to shift from routine and convention. When we do things we would not normally do, go places we have never being before or carry out routine activities differently.


Simply put, according to Andy Boynton, co-author of The Idea Hunter, “Almost all ideas can be found in the world around us”. So how do you go about positioning yourself to become an idea conduit? Here are a few tips that will get you out of your innovation rut and help you think creatively again.


1. Write down Every Potential Idea Down


You are not perfect, no one is. This implies that in the course of your life, you must have failed at something, anything. I failed in countless businesses before I finally succeeded with an e-commerce startup. Perhaps in your business, you have abandoned a job/activity, ignored it or failed to address it in an effective manner.


Keep an ever-updated list of your shortcomings and failings, as each is a potential opportunity/idea. No matter how weird it sound, any idea has potential to make you millions. A lot of people have become ridiculously rich by selling their weird ideas to people.

Ideas are everywhere. Ideas can sometimes be a problem that just needs an answer. Inherent in every problem you face everyday is an idea that can change the world. Solutions are simply ideas that someone stayed and thought out after hours/days of deliberate pondering.

When you jot down every idea that come across to you. When you pay attention to every details, problems and issues that arise around you, you’d find that you’re never dry of ideas.


2. Observe Foreign Locations, Cultures and People


Today we use grills, gas cookers, electric stoves and grills among others to prepare our edibles. In some third world countries, all they have is firewood and an occasional kerosene stove or two. We both arrive at the same product – food – albeit to varying degrees of efficiency and quality.


People all over the world, in different cultures from your own will always have things that they do different from you. This human and cultural variety provides a very wide pool of ideas. Take your time to observe people of other cultures, notice the way they approach problems, the principles and methods they apply towards problem solving. You will likely pick up a thing or two.


If you have to visit such places physically, plan a trip during your vacation, meet the people, participate in their culture and relish their diversity. Besides the stress-relieving attribute of taking vacations, there is the promise of the stimulation of your mind when you visit new environments.


The idea for Disneyland’s Magic Kingdom was born on such an expedition, when Walt Disney visited Tivoli Gardens, one of Europe’s oldest amusement parks. Remember, exploration and observation are the mothers of creativity and innovation, so explore like Walt Disney and prepare to reap the benefits.


3. Try to Draw a Lesson from Every Situation and Facts


Every failure has a lesson inherent in it. Learning from every situation is a habit. It’s a habit every entrepreneur should imbibe for maximum learning and progress in profession.

Everything that happens to you, good or bad, likely has something that you can take away from it. It could be a lesson or an idea, whatever the case; we should always keep all our senses peeled to realize when these moments come our way.


For example, I now deeply value being sober whenever I come across drunk driving accident statistics. I stopped drinking early in life because of these statistics and other situations I fell into.


It takes responsibility to learn lessons from every situations and facts. This habit makes an entrepreneur a person of numbers. The more lessons you draw from happenings around you, the more motivated, articulate and better you become in life and business. There is no guarantee that this will work all the time, but like they say, practice makes perfect.


4. Feed your Curiosity


Many times, we tend to glaze over stuff in the course of everyday life. A lot happens around us but our addiction to routine has left us as oblivious as can be. We just get up in the morning, go about the day as usual and retire for the day.


Thousands of inventions that we enjoy today will never have seen the light of the day if their inventors were not curious people. Take your time to notice the details around you that conventional behavior has always kept you from seeing.



Most powerful law in the Universe

If you haven’t heard about Law of Attraction before, your mind is going to get blown away in few seconds. Law of Attraction simply means that “like attracts like” and that by focusing on positive or negative thoughts, one can bring about positive or negative results. ‘Thought becomes things’. This belief is based upon the idea that people and their thoughts are both made from “pure energy”, and the belief that like energy attracts like energy. All the successful entrepreneur believes in the law of attraction and believe in the universe with all their heart.

This is most powerful law in the Universe.

There are tons of books written on Law of Attraction but I am going to sum all of them up for you. The law simply means you become what you think. You attract things by what you believe and what you hope for. Universe is very powerful and can give you whatever you want only if you really really want it and have faith in it without any doubt. The whole universe force starts working on it to get you that thing and all you have to do is believe and have complete faith in it. We are using the law every second of every day. You’ve even attracted reading this article.

This Universal Power of Attraction give you everything you want, happiness, health, wealth, love, relationship, prosperity and in whole complete abundance. The key in making Law of Attraction work for you is in Gratitude.

If you doubt in Law of Attraction it won’t work for you it is as simple as that, you get what you believe in. There are millions of people who have made Law of Attraction work for them and you can be one of them. Are you already interested to make Law of Attraction work for you? Well it can be very simple for some and very hard for some. It will depend how much faith you do have and even a tint of doubt will stop the Universe to work for you.

You want a car? You want a bill from unknown source? You want your Dream job?

You will get it all by just applying the Law of Attraction without any extra efforts. Yes it is true. All you have to do is attract those things towards you.  That is why this is the most powerful law in the Universe.

Knowing Law of Attraction is not the whole point, but knowing “How it Works” and “How to Apply” is the most vital of all.

Back then I was really passionate about racing cars and always dreamt of driving one. All my teenage I was so much into cars that my wallpapers were of racing cars, I used to cut out pictures from newspaper and do all this crazy stuff. But as I did grow old I started believing that I will never have one because my financial condition was not that good. I was working on this company as an accountant and it was quit boring and low paid. I nearly gave up on my dream of having a race car until I heard about the Law of Attraction. It took a series of steps and ultimate believe to apply Law of Attraction and believe me it was worth it. I was doing nothing extra and nothing extra ordinary just believing that I will own a Race car soon and its going to sound little filmy but that’s what happened. My immense desire and hope helped me fulfil my dream. I got this call from my friend asking about my old apartment and his cousin was ready to purchase it at triple price as they had some old story with that house. Because of this I got money from nowhere to buy a race car for myself. How amazing was that? That’s the power of law of attraction.




Want to be a digital nomad? Here are 10 things to consider

The beach and a laptop; the ultimate dream for many. And even if just temporarily, being a nomad might be something you might want to try. If you’ve read last year’s interview with me here on Creative Boom, you might know I’ve been on the road since the end of 2014.

Since then, every day has been different, and many days started with stepping out of a different bed, eating breakfast in a different city, and falling asleep on someone’s sofa I might not have known prior to that day.

Since going freelance, I’ve worked from cafés and co-working spaces. I’ve sat on rooftops. I’ve “stolen” wifi from restaurants and even private homes. Just as a side note: if you live in Brooklyn, and your password is, you’ve guessed it, “brooklyn”, it’s not hard to get onto your network.

Over the past two years, I’ve published two books about freelancing and I’m currently publishing a third one, Work Trips and Road Trips, a guide for the curious, the restless, and the adventurous freelancer. Every time I’ve decided to publish a book, it’s mostly been to explore a subject I was interested in myself.

First, I wanted to know how one starts out as a freelancer. Then, I was curious about how one can avoid having dry months. Now, with the third installment of the Insightful Guides for Creative Freelancers, I’ve been trying to understand how freelancers can carve out time for a vacation, or at least bring their work on the road with them.

Having spoken to 15 ladies about how they find balance between work, travel, and taking time off, I wanted to share 10 of the most valuable insights they shared with me.

1. You don’t have to be rich to travel

Money equals convenience. The less discerning you are, the easier it will be for you to afford travel. It starts with booking flight tickets: if you’re flexible about the exact date you want to leave or arrive somewhere, and the less specific you are about a destination, the longer you can make your money last. Instead of booking hotels, consider staying with friends, couch-surfing, or staying at a hostel or finding a room via Airbnb. The more flexible you are with your choices, the more you’ll experience.

2. However, have a safety cushion

In the book Rich Dad. Poor Dad., Robert Kiyosaki explains that you’re rich until you have to work again. There are different ideas to how much money one should keep on the side, but from the interviews I’ve conducted, for most it’s between €5,000 and €10,000, which is something like ₤4,000 to ₤8,000, or $6,000 to $12,000 USD.

The majority of digital nomads have very different spending patterns compared to people with what you might consider a more regular lifestyle. Once they’re on the road, they hardly ever spend their money on possessions. They know they don’t have space to keep things or they just simply don’t want to carry more than they already do. Digital nomads might, however, spend money you might spend on clothing or Starbucks for getting from A to B.

If you’re an American reader, you might want to consider playing the credit card game, which is a strategy for spending money with credit cards through which you can collect air miles. Please just don’t forget to read the small print before you sign anything!

3. Reduce your fixed costs, even prior your departure

Whether you give up your apartment, sublet it while you’re gone, or move to an extremely affordable place that might be cheaper than a storage room, try to reduce your fixed costs to a bare minimum. Giving things away that you’ve collected since childhood might be challenging; for some more than for others. Marie Kondo’s book, The Life Changing Magic of Tidying Up, might be a good way for you to start reducing your possessions. If you sell the things you no longer need, you might also make some extra cash for your travel budget.

4. Organize yourself

Being practical, especially when you’re planning to leave for a longer period of time, is helpful. Go to a doctor for a general check up and don’t forget to bring your vaccination certificate. Think about what you’ll do about your physical mail. Can you register a vacation mailbox at your local post office? Can you register a travelling mailbox so you can get your physical mail scanned and sent to you? Have you talked to your bank to check that you have the best possible deal and won’t get extra charges another bank wouldn’t charge you for? It’s the small things, the things you might usually keep postponing, that you should take care of before you leave!

Although it’s 2017, being a nomad isn’t all too common, and thus, you should make sure everything bureaucratic will be taken care of while you’re exploring other corners of the world.

5. Communicate clearly

Once you have an established client base and your clients know and trust you, it’s very likely they don’t necessarily care if you sit in London or in Cape Town. If you’re planning to be in a different timezone, make sure your clients know what time of the day you can be reached in real time. Always meet all expectations and deliver high quality work, so your clients know that they can count on you.

“Learn to be a traveler and practice to keep the attitude, even if you get back to a place that you believe you’ve known well for a lifetime. You’ll be surprised at all the things you’ll notice.”

6. Find work while you’re on the road

If you lose a client while you’re on the road, don’t panic! There are several Facebook groups and Slack chat rooms in which digital nomad entrepreneurs hire other nomads.

What I’d personally recommend is to start building products as soon as possible. Teach your skills on Skillshare, sell your graphics on Society6 or on SpoonFlower. Do a little research on how you could create different scalable (others call them passive) income streams.

If none of these strategies work, try one of the many freelancer recruiting platforms, such as CloudPeeps, Upwork, or Fiverr. Just be warned, it takes a while to establish a high enough rating to be hired through them more regularly.

7. Seek out a local community

If you haven’t discovered it already, The Nomad List is a wonderful Slack community where you can discover chat rooms divided by location and find people online. You can also look for a local co-working space and rent out a flex-desk while you’re in the area to connect with other like-minds.

Personally, I’m a huge fan of meetup.com, which is a site I look at whenever I move to a new country. Another, possibly more surprising, place to find people who gather in a region and that are happy to welcome new faces are groups on Couch surfing. Many of its members organize language classes and free city tours, or they even cook together!

8. Put yourself on a schedule

If you’re a freelancer, you know self-motivation is key to success. While you might be okay with how things are at home, it might all change once you’re on the road. Digital nomads are known for working far more than normal employees. Most of them are in the growth phase, so they can spend hours and hours behind the screen. Make sure that wherever you go, you establish a daily rhythm that allows for exploration. If, on the other hand, you struggle sitting down to work, choose a physical place where you can go and don’t have anything else to do besides working through your to-do list.

9. Allow for things not to work out as planned

As Europeans or Americans, let’s say, we’re very set on how things are supposed to be. We’re very spoiled by how well things work. At least, most of the time. Our public transport comes on time, our cars are well maintained, our electricity works, and our wifi, even though sometimes a little slow, is still reliable.

When you’re somewhere else, it’s likely that all of what you’re used to, and don’t even notice anymore, might suddenly become a struggle. If you have deadlines, make sure these are never within 48 hours around your arrival or departure day. You never know if everything you need to get your work done will function properly. If you’re asked to give time estimates, always include buffers.

10. Enjoy the present moment

The most beautiful thing about travel is that it teaches you to be present in the moment. Travel makes us aware of the little things we so often overlook in our day-to-day, because we tend to take things for granted. If there’s one thing you should strive to learn while you’re on the road, it’s to strengthen your ability to appreciate the ordinary and the mundane.

Learn to be a traveler and practice to keep the attitude, even if you get back to a place that you believe you’ve known well for a lifetime. You’ll be surprised at all the things you’ll suddenly notice.



Investing in Fashion

Popular trends of daily life style in clothing, footwear, accessories, makeup, body, or furniture are commonly known as fashion. Since ancient times, in majority of the cultures (around the world) these life style trends also indicate the social status achieved by the members of the society.

Historical evidence tells that influential men and women of the society used valuables like gold, pearls, diamonds in their clothing and accessories. Ancient Greeks used gold embroidery on their wearable’s as well as they wore girdles at the waist in gold. These ancient trends were followed by the influential people throughout the history.

In fashion industry trends from the time before the 1920s are referred as antique, while trends from the 1920’s to 20 years back are known as vintage. Producing vintage style becomes popular in fashion industry as designers copy the style of previous era and reproduced product (clothing or jewelry) is a fresh copy of older design or product. Also products look alike original vintage massively produced but one can judge that these just have casual resemblance to the original product.

Original vintage are considered assets in physical form just like other physical assets including commodities like gold and other precious metals, real estate or other financial assets but when it comes to the value factor vintage pieces has an advantage over other investments as the value increases as time goes on due to the fact that it is genuinely belongs to past era, unlike the gold prices, real estate prices or stock prices which are victim or market fluctuations because of demand and supply contributions.

According to a vintage specialist business is expanding at a pace of 20 to 30 per cent. As for investment point of view vintage pieces does not depreciate over the time, if someone buys any vintage product to wear, can sell it in market for profit in a few years’ time. A vintage collector received an offer of twice the price she invested for her “Gabrielle Chanel” (1924 hand beaded ribbon dress) just after 18 month of her purchase but she turned down the offer from Chanel to buy back.


Fashion products produced recently are usually called modern or contemporary fashion.  In recent times due to rapid advancement in technology fashion industry is getting plenty of attraction. It becomes the most dynamic business because what’s trending now could also be obsolete tomorrow, before one even realizes.

Advances in technology with the help of growth in e-Commerce enabled introduction of latest trends seen on the catwalk and on celebrities in a short space of time to the customers and this also helps customers to get what they want more quickly. This efficient process is known as ‘fast fashion’, and it requires an impressive command in supply chain. There is an argument by the critics that the fast fashion produces low-quality products which are highly disposable. But the retailers who can master their supply chains achieving success and the kind of turnaround they are getting suggest that fast fashion is what many customers ultimately want.

Beside vintage or fast fashion, market place is still alive for luxury fashion whether its clothes, accessories or jewelry. Over the years luxury fashion has seen many highs and lows for the demand in Gold (the yellow metal), the two decade of the past century was its popularity boom, but then white gold and platinum become more popular as gold prices shot higher to historical levels. In latest trends of fashion industry has noticed that in last couple of years once again gold is trying to regain its supremacy. As gold prices are tilting down usage of gold in luxury fashion is in demand. Everything including jewelry and clothing is in yellow gold as it looks royal, sophisticated and luxurious.

Since the historical times everyone understand the importance of precious metals (including Gold, Silver, Platinum) and precious stones including (Diamonds, Sapphire’s, Ruby) in luxury fashion but recently investing in luxury fashion products which are waitlisted or limited edition is becoming very popular to get the most resale value in comparison with traditional investment pieces. Chanel Lego bag and Dior Tribal earrings were sold above the retail price because they very hard to find in stores while in the recent years the Hermes Birkin bag were considered even a better investment than Gold.  Classic luxury watches like Rolex and Cartier were always considered a good investment as they could be sold double the price in very short time of original purchase.

There are many new products which could be considered as a good investment pieces for future, for example in Watch Industry “Tudor Heritage Black Bay” “Breitling’s Navitimer” “TAG Heuer Silverstone Limited Edition” and “Patek Philippe” and In Bags “Hermes Kelly” “Chanel Classic Flap” “Chanel Boy Bag” and “The Louis Vuitton Neverfull” are making their way to beat the other investments.

Fashion industry provides good opportunities for investment either you are investing in to start your own fashion house or you are just looking to invest in luxury investment pieces and in vintage. If you are looking to kick off your own house than you need to keep in mind that many join this industry because they are attracted by the glamour associated to the style industry, but they end up facing cruel reality of this business which results failure. Only those entrepreneurs who are willing to give time and can keep themselves updated can make fortune with this dynamic industry.



How to Become a Millionaire by Age 30

Getting rich and becoming a millionaire is a taboo topic. Saying it can be done by the age of 30 seems like a fantasy.

It shouldn’t be taboo and it is possible. At the age of 21, I got out of college, broke and in debt, and by the time I was 30, I was a millionaire.

Here are the 10 steps that will guarantee you will become a millionaire by 30.

1. Follow the money. In today’s economic environment you cannot save your way to millionaire status. The first step is to focus on increasing your income in increments and repeating that. My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money and it will force you to control revenue and see opportunities.

2. Don’t show off — show up! I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy.

3. Save to invest, don’t save to save. The only reason to save money is to invest it.  Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.

4. Avoid debt that doesn’t pay you. Make it a rule that you never use debt that won’t make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

5. Treat money like a jealous lover. Millions wish for financial freedom, but only those that make it a priority have millions. To get rich and stay rich you will have to make it a priority. Money is like a jealous lover. Ignore it and it will ignore you, or worse, it will leave you for someone who makes it a priority.

6. Money doesn’t sleep. Money doesn’t know about clocks, schedules or holidays, and you shouldn’t either. Money loves people that have a great work ethic. When I was 26 years old, I was in retail and the store I worked at closed at 7 p.m. Most times you could find me there at 11 p.m. making an extra sale. Never try to be the smartest or luckiest person — just make sure you outwork everyone.

7. Poor makes no sense. I have been poor, and it sucks. I have had just enough and that sucks almost as bad. Eliminate any and all ideas that being poor is somehow OK. Bill Gates has said, “If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake.”

8. Get a millionaire mentor. Most of us were brought up middle class or poor and then hold ourselves to the limits and ideas of that group. I have been studying millionaires to duplicate what they did. Get your own personal millionaire mentor and study them. Most rich people are extremely generous with their knowledge and their resources.

9. Get your money to do the heavy lifting. Investing is the Holy Grail in becoming a millionaire and you should make more money off your investments than your work. If you don’t have surplus money you won’t make investments. The second company I started required a $50,000 investment. That company has paid me back that $50,000 every month for the last 10 years. My third investment was in real estate, where I started with $350,000, a large part of my net worth at the time. I still own that property today and it continues to provide me with income. Investing is the only reason to do the other steps, and your money must work for you and do your heavy lifting.

10. Shoot for $10 million, not $1 million. The single biggest financial mistake I’ve made was not thinking big enough. I encourage you to go for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough.

Apply these 10 steps and they will make you rich. Steer clear of people that suggest your financial dreams are born of greed. Avoid get-rich-quick schemes, be ethical, never give up, and once you make it, be willing to help others get there too.



Why do many people hate successful people?

The reason is because it implies you are generally more competent than they are, and should be paid attention to more.  They are jealous and afraid they are going to lose attention from their friends to you because you have more to offer in terms of wisdom. 

It really is that simple.  Jealousy is an ignorant, worthless emotion.

A well rounded person who is funny, intelligent, attractive (as much as they can be), caring and successful probably will get attention and there isn’t much you can do about it.  However, such a person doesn’t really want to hurt you or take things away from you anyways.  They can only choose one mate, and only have a certain amount of time to interact with friends.  And for people like this, generally the more the merrier (more funny comments, attractive people around etc)  They want you to be successful to so they can have more successful friends and resources.

If a successful person is lacking in these other traits, you can call them out on it (to their face) and totally be in the right.  Honest confrontation (not an outburst of anger or petty rumor-mongering) is the best course of action in that case.

How is it we can constantly be exposed to profound characters in media (movies, tv, books and even news) in this information age and yet petty insecure rumor-mongering behavior that is ridiculed in such media is still considered valid in real life?



Terrence Kwasha

Ingratiate Yourself With People Of Great Wealth

As the CEO of a rapidly growing fintech company and a frequent contributor to Forbes, I get asked to do a lot of media interviews.

The same questions seem to pop up time and time again, but during a recent interview, I was asked a question I had never encountered before.

The interviewer asked, “What was the most important thing you ever learned in school?” I’ve grown so used to delivering the same soundbites that I was caught unprepared. I thought for a moment, and then the obvious answer came to mind.

“Ingratiate yourself with people of great wealth,” I replied without hesitation. The interviewer was a bit taken aback because it’s somewhat of a blunt answer. However, the seemingly cynical response was, in fact, the most important thing I ever learned in school.


I’m a proud Arizona State University Sun Devil, a graduate of the W.P. Carey School of Business with a degree in finance.

During my senior year at ASU, I took an upper-level finance course taught by a famously eccentric professor by the name of Dr. Glenn Wilt.

Dr. Wilt was, without a doubt, the most entertaining teachers I’ve ever had. He was famous for, among other things, starting his lecture out in the hall while he walked to class. He would stride in the door mid-sentence as though it was perfectly normal.

Once, he arrived to class wearing a bright red suit and a floor-length fur coat which, according to him, was purchased from “an old bag working at Goodwill.”

Despite (or perhaps because) of his eccentricities, he was a fantastic teacher who was able to add blunt, real-world perspective to the world of academic finance.

He was the one who, on his final exam, posed the question “What is the secret to success?” Of course, the answer he taught us was to “ingratiate yourself with people of great wealth.”

While it seemed like a bit of a tongue-in-cheek joke at the time, the sentiment always stuck with me. A decade later, after building my company, I realized just how true his lesson was.

Never be the smartest person in the room

I’m fond of saying that if you find that you’re the smartest person in the room, you’re probably in the wrong room. Success is, like so many things in life, self-perpetuating and contagious.

I’ve learned that life is richer when you surround yourself with people who are successful, accomplished, and intellectually stimulating. If you’re the “dumbest” person in the room, it means you have the unique opportunity to learn from those around you.

While not every wealthy or successful person is intelligent, the two traits tend to go hand-in-hand. It takes a lot to run a company, manage money, or drive innovation.

Surrounding yourself with successful (and yes, often wealthy) people elevates you as an individual. Not because of the proximity to wealth, but rather because of the proximity to passion, drive, and intelligence.

I always want to be the least successful person in my social group or professional network. Ensuring so give me the opportunity to learn from successful people and elevate my perspective.

Money isn’t everything, but it certainly makes things more interesting

While intellectual stimulation and the opportunity to learn are incredibly valuable, we shouldn’t overlook the impact of money.

I fully realize that it’s gauche to talk about money, but the truth is that it makes everything more interesting, at least for people looking to become successful in their own right.

Capital makes the world go ‘round, and wealthy people by definition have it. I think back to my experience. When I wanted to start my company, BodeTree, it was the injection of capital by one of my successful mentors that turned the dream into a reality.

Without this private capital, relatively few wealth-creating ventures can ever get off the ground. Building relationships of mutual trust, respect, and admiration with successful people of means opens up a world of possibilities for those individuals looking to make their mark on the world.

Remember that opportunities are not random

Successful people tend to attract other successful people, and that leads to a confluence of ideas that often results in further wealth creation.

Opportunities, both in life and business, are not random. Instead, they tend to occur when driven people with passion and resources get together. This is why the rich tend to get richer, as the saying goes.

Success feeds upon success, and by injecting yourself into that virtuous cycle creates the opportunities that the driven crave.

In fact, the most interesting and rapidly growing channel in my own business is a direct result of a casual conversation I had with a successful and highly-driven friend only a few months ago.

When we learned of what each other did for work, we immediately saw a hidden opportunity that would prove to be lucrative for both parties.

So, while it may seem crass, Dr. Wilt’s maxim did, in fact, prove to be the most important thing I ever learned in school. The truth is that intelligence alone does not lead to success in business. There are a lot of smart people who are stuck in boring jobs, working for other people.

Success, as Dr. Wilt knew, is found at the intersection of intelligence, hard work, and opportunity. Whether it’s politically correct or not, associating with people who attract success is the best way to become successful yourself.



12 Fears You Need to Overcome to Succeed in Business and Life

Your fears can be the biggest barriers to your success.

They can stop you from going after what you truly desire; they can make you believe that your chances of success are so small that you don’t even try. Fears are complex; they’re cunning, they can be deep-seated, and they are often subconscious, which can mean that you are not always aware of what it is that is holding you back.

In her excellent book Fight the Fear, Mandie Holgate highlights 12 fears you need to overcome to remove your negative mindset and win in life. For each fear, Mandie offers practical exercises to help you get beyond it so you can pursue and achieve your goals.

Fear 1 – What if someone finds out who you really are?

Too often people hide who they really are, what they really want, or what they really enjoy in life for fear that other people may not approve. The reality is, not everyone wants to be a multimillionaire or a CEO of a major corporation. Some people are quite happy to live what could be considered an unambitious life. But chasing someone else’s dream is never going to lead to your happiness. You need to understand your values, be true to yourself, and not worry about what other people think. Go after what pleases you, and what you are passionate about.

Fear 2 – Scared of setting goals

People that set the wrong goals or hesitate to set any goals end up procrastinating and invariably don’t get the results at work they desire. I see this fear manifest itself with so many professional people as negative feelings, results, and actions.

And all because they fear setting goals.

If you don’t set goals, then it’s impossible to create a solid action plan to achieve what you want to achieve. Without a plan, you’re pinning your hopes on luck, and hoping to be lucky is not a smart strategy.

Fear 3 – Don’t believe you can succeed

Fear of failure stops far too many people from even attempting to achieve their goals. But there are a couple of things for you to remember. First, many a path to success is littered with mistakes and failures; it goes with the territory. Second, so what if you fail? Do you really know the consequences of failing and are they really that bad? For many of my coaching clients who have this fear of failure, the impact of failure would often be negligible–maybe a little bit of embarrassment, possibly a waste of some time and or resources.

To get over the fear of failure, ask yourself, “So, what if I do fail?” What is the worst that can happen? If the reality is “Not a lot,” which is often the case with my coaching clients, then dive in, give it a shot.

Don’t let just the fear of failing hold you back.

Fear 4 – I don’t want to appear arrogant

Success doesn’t sit comfortably with everyone, myself included. It can sometimes feel as if we have become above our station, that by claiming our success we are looking to put ourselves above others, which can then be perceived as arrogance. This perception can often limit the goals that we set for ourselves, for fear of separating ourselves from the herd. There is nothing arrogant about achieving your full potential.

Don’t let the limitations of others become the limits that you set for yourself.

Fear 5 – I don’t ask for help

There are a number of reasons why people don’t ask for help. Fear of rejection; they don’t want to appear stupid; they worry it will undermine their achievements; they don’t want people to know they are struggling. The reality is, very few people achieve great success without the support and assistance of others. Often people are willing to help if we will just reach out and ask them.

Asking for help is something I have really struggled with, mostly because of a fear of rejection, but I read the book, looked at the strategies proposed, and decided to give it a try. Recently, I posted a simple request on Facebook for some help with sales and marketing. Within 20 minutes, I had four offers of help.

Normally, I would have just soldiered on, struggling. But several friends were happy to help and wondered why I had never asked before.

You probably have more help available than you know. You just need to reach out and ask.

Fear 6 – I’m scared of saying no

When you don’t say no to others, then you can be saying no to yourself. You need to learn to be fair to yourself. If a request distracts you from your goal, then politely say no or offer to help at a time that best suits you. There are plenty of people who will let you quit on your goals to help them achieve theirs.

You also need to make sure you are clear and focused on your objectives so you can say yes to the right opportunities, those that will lead to your desired success. There will always be new opportunities that will arise, and you need to be comfortable saying no to those that are not aligned with your priorities. It can be easy to become distracted, especially if those opportunities have short-term benefits.

Fear 7 – I’m petrified of public speaking

In most careers, at some time you are going to have to give a presentation, make a speech, or speak to a group of your employees, especially as you start to make progress up the ranks. For many, public speaking is one of their greatest fears. I’ve heard people say they would rather have a root canal than stand up and speak in public.
It’s actually something I struggled with for a while, even though I am now an international keynote speaker. Some of the things you can do to help get over the fear are:

  • Practice. But don’t overdo it, because you want to sound natural, not scripted
  • Keep the talk simple–don’t use much jargon unless you have to
  • Be confident about your right to be in the room or on the stage. You have earned it
  • Don’t worry about forgetting something. Probably only you would notice anyway
  • Don’t use notes unless you really have to

Fear 8 – I hate phoning people

This is definitely a problem if you’re involved with sales or business development. While you might not be looking to do a sales pitch on the phone, you may need to call a client to arrange a visit or an appointment to discuss how you can help.

Personally, I hate calling, especially cold calling. But having read Mandie’s book, I realize it’s because I hate to disturb people or waste their time.

Using one of Mandie’s techniques, now, before each call, I focus on what the client will get out of the call, how the client will benefit. Doing this takes away my fear and helps me get a mutually beneficial conversation started.

Fear 9 – I don’t want to look stupid

Being successful can often require us to go against the flow, to challenge the current way of doing things and try something different. But if it goes wrong, it can lead to ridicule from others.

I’m old enough to remember when Dick Fosbury changed high jumping forever. I remember watching him run toward the bar and then turn and jump over the bar backward. It looked completely crazy, and many of the commentators questioned his bizarre technique.

Fosbury didn’t care that he looked stupid. He persisted and had the last laugh by winning the 1968 Mexico Olympics high jump gold medal, and gave the Fosbury Flop to the world.

At the Mexico Olympics, he was the only person to use that technique. At every major high jump event since, that has been the predominant technique used.

Dare to be different. It could lead to amazing success!

Fear 10 – I can’t stop scrutinizing what people are thinking

Acceptance from others is a strong desire that many people have, and it can cause us to question the things we do by wondering what other people are thinking: about us, about our businesses, our plans, and our goals. I know this can cause many of my coaching clients to put off making decisions or taking actions.

The reality is that most people are too busy worrying about their own problems to be scrutinizing what others are doing.

Second, who cares? We have enough of our own negative thoughts to deal with without adding other people’s potential negativity to our list of obstacles to overcome.

Keep focused on your goal, and don’t worry about the thoughts of others. The right people will be supportive of you, and those who aren’t shouldn’t be the people you pay attention to.

Fear 11 – I’m scared to ask for what I want

Practically every entrepreneur I have ever coached was underpricing his or her services. One client I had was charging $225 per hour for his service, and was keen to get $350 per hour but didn’t think his clients would pay it. It was amazing when you looked at the value he provided; he had optimized a company’s recruitment process, reducing costs by 33 percent, and at the same time increased productivity by 75 percent. This saved the company around $300,000 per year as well as nearly doubled its results. From a value perspective, my client could have been charging $1,000 per hour, and it still would have been a bargain.

Too many people think about their costs and their hourly rate, and it stops them from not only asking for what they want but also for what they are worth.

Think about the value you bring, the results you will generate for your client, and price yourself accordingly.

Fear 12 – I can’t take time out

Business can be very demanding, especially when it comes to the amount of our personal time that it can consume. I can remember the days when being a workaholic meant that you stayed at the office until 7 or 8 p.m., or brought work home on the weekend. But now, since the rise of the laptop, the internet, and the mobile phone and the world becoming more global, being available on call or online 24/7 feels more like the norm. What opportunities we will miss if we take time out? How will our businesses function if we are not available for each and every crisis?

To live a healthy, happy life, we need to have great work-life balance.

It’s natural to think that we are indispensable, but the reality is, we’re not. People will always find a way to cope, and there will always be more opportunities.

I worked for one of the largest companies in the world, one whose business was dependent on information technology, and our CIO used to turn his phone off at 7 every evening. He said he had complete confidence in his staff, they knew far more than he did, and if it was truly an emergency, they knew where he lived.

We make ourselves indispensable, but we can find a way to step back and take time out if we really want to.

The more of these fears you can overcome, the more business and personal success you can achieve. It’s not easy. Many fears are deep rooted. But if we consciously work on them, we can make improvements.

Which fears impact you and your business the most?



Passive income streams require an upfront investment and a lot of nurturing in the beginning. After some time and hard work these income streams start to build and are able to maintain themselves, bringing you consistent revenue without much effort on your part.

Speaking from personal experience adding passive income streams to your portfolio can help you increase your earnings and accelerate your financial goals in tremendous ways.

If you want to get started earning passive income here’s what you should know first.

What It Takes to Earn Passive Income

Before we get into the passive income ideas I think it’s a good idea to first clear up a couple of misconceptions. Although the word “passive” makes it sound like you have to do nothing to bring in the income this just isn’t true. All passive income streams will require at least one of the following two elements:

1) An upfront monetary investment, or

2) An upfront time investment

You can’t earn residual income without being willing to provide at least one of these two. Today, I have a big list of passive income ideas you can try regardless of the category you fall in.

Passive Income Ideas Requiring an Upfront Monetary Investment

Dividend Stocks – Dividend stocks are tried and true way to earn passive income. You will have to do plenty of research to find good stocks and invest a significant amount of money to receive large dividend checks. However, if you consistently invest money into dividend stocks you can amass a nice residual income over time.

For any of these investment opportunities, make sure you open an account at the best online brokerage, and get rewards while doing it:

Peer to Peer Lending – P2P lending is the practice of loaning money to borrowers who typically don’t qualify for traditional loans. As the lender you have the ability to choose the borrowers and are able to spread your investment amount out to mitigate your risk. The two most popular peer to peer lending platforms are Prosper and Lending Club.

Rental Properties – A cash flowing rental property is a fantastic way to bring in a monthly income. To make this truly passive you can outsource the running of the properties to a management company.

One of my favorite ways to get started with rental properties is through crowd funding. Similar to LendingClub, you can start investing in real estate for as little as $5,000 at platforms like RealtyShares (We offer our readers a bonus to of $25 to start to off. Simply reply to the “Congratulations on Linking Your Bank Account” email with the referral code TCI25. It takes up to 30 days to process the referral code and make the payment, but it’s free money).

Another similar platform is FundRise.

The great thing about using a platform versus doing it yourself is that the income is even more passive.

CD Ladders Or Money Market Funds – Building a CD Ladder requires buying CDs (certificates of deposits) from banks in certain increments so that you can earn a higher return on your money. CDs are offered by banks and since they are a low risk investment they also yield a low return. This is a good option for the risk averse.

Right now we’re liking the Money Market offered by BBVA Bank Compass Bank. You can open an account for just $25, and they have one of the highest APY’s currently available.

Learn more here: BBVA Compass Bank Money Market Account.

Annuities – Annuities are an insurance product that you pay for but can then provide you passive income for life in the form of monthly payments. The terms with annuities vary and are not always a great deal so it’s best to talk to a trusted financial advisor if you’re interested in purchasing an annuity.

Passive Income Ideas Requiring an Upfront Time Investment

Almost all of these ideas require starting a personal blog or website. But the great thing about that is that it’s incredibly cheap to do. We recommend using Bluehost to get started. You get a free domain name and hosting starts at just $3.95 per month. You can afford that to start building a passive income stream.

Sell an eBook Online – Self Publishing is mainstream today. When you purchase an eBook off of Amazon there’s a pretty good chance you’re buying a self-published book. Self-publishing is also ridiculously easy. I tried this a few years ago and couldn’t believe how simple the process was. To self-publish a book you’ll first need to write and edit it, create a cover, and then upload to a program such as Amazon’s Kindle Direct Publishing. Don’t expect instant success though. There will need to be a lot of upfront marketing before you can turn this into a passive income stream.

Create a Course on Udemy – Udemy is an online platform that lets its user take video courses on a wide array of subjects. Instead of being a consumer on Udemy you can instead be a producer, create your own video course, and allow users to purchase it. This is a fantastic option if you are highly knowledgeable in a specific subject matter. This can also be a great way to turn traditional tutoring into a passive income stream!

Selling Stock Photos – Do you ever wonder where your favorite websites, blogs, and sometimes even magazines get their photos? These are normally bought from stock photo websites. If you enjoy photography you can submit your photos to stock photo sites and receive a commission every time someone purchases one of them.

Licensing Music – Just like stock photos you can license and earn a royalty off of your music when someone chooses to use it. Music is often licensed for YouTube Videos, commercials, and more.

Create an App – If you own a smartphone or tablet then it’s safe to assume you have several apps downloaded. But have you ever had an amazing idea for an app? If so, you could consider hiring a programmer to create your app for you. You could then sell it on the App store for residual income.

Affiliate Marketing – Affiliate marketing is the practice of partnering with a company (becoming their affiliate) to receive a commission on a product. This method of generating income works the best for those with blogs and websites. Even then, it takes a long time to build up before it becomes passive. If you want to get started with affiliate marketing check out this great list of affiliate marketing programs.

Network Marketing – Network marketing, or multi-level marketing, seems to be on the rise. Companies such as Young Living Oils, Avon, Pampered Chef, and AdvoCare are all multi-level marketing companies. You can earn passive income through network marketing by building a team underneath you (often referred to as a down line.) Once you have a large team you can earn commissions off of their sales without having to do much.

Design T-Shirts – Sites like Cafe Press allow users to custom design items like T-shirts. If your design becomes popular and makes sales you’ll be able to earn royalties.

Sell Digital Files on Etsy – I’ve been into home décor lately and I had to turn to Etsy to find exactly what I wanted. I ended up purchasing digital files of the artwork I wanted printed out! The seller had made a bunch of wall art, digitized, and listed it on Etsy for instant download. There are other popular digital files on Etsy as well such as monthly planners. If you’re into graphic design this could be an amazing passive income idea for you.

Semi-Passive Small Business Ideas

Car Wash – It’s always been a dream of mine to own a car wash. This seems like such a great way to earn a semi-passive income. While regular maintenance will be needed at a car wash it’s something you can either hire out or perform once a week.

Vending Machines – Vending machines are another great low maintenance small business idea. I have a friend who has vending machines all over neighboring towns. He replenishes and cashes them out once every two weeks. His vending machine business is part of his retirement plan.

Storage Rentals – My cousin owns a set of storage rentals and receives monthly checks for letting customers rent these out. The only time she seems to do any work for these is when she has an opening for one of the storage units.

Laundromat – I debated on listing this one here because while in theory it seems like owning a laundromat would be semi-passive I anticipate there would be a whole lot of ongoing maintenance needed. You be the judge on this one.

Easy Passive Income Ideas

Last on the list I wanted to point out a couple of easy passive income ideas. These require no money and no upfront work. While the earnings are menial you still can’t beat easy passive income!

Cashback Rewards Cards – If you pay your bills with a credit card make sure it offers cash back rewards. You can let your rewards accrue for a while and possibly put the easy money you earned toward another passive income venture! (Be sure that the card you select doesn’t have an annual fee or you might be cancelling out your rewards).

Cashback Sites – Just like cashback rewards cards you should opt to use a cashback site when shopping online. If you don’t you’re giving up free money that requires little to no work! We just compared the two most popular sites – eBates versus TopCashBack.

How to Get Started

While it can be tempting to want to pick five passive income ideas to get started with I’d really encourage you to pick one in the beginning. You need time and the ability to focus to really a grow a passive income stream. Master one thing before moving on to the other.

It’s going to take a substantial amount of time or money in the beginning but I promise earning passive income is everything it’s cracked up to be! Pick an idea, make a plan, and dedicate yourself until that income stream comes to fruition.



4 Ways to Think Like a Millionaire

A lot of people think that becoming a millionaire is simply a matter of coming up with a great business idea or working your way to the top of a fortune 500 company. What they don’t realize is that many people who earn upwards of 100k per year are still living paycheck to paycheck.

The road to financial independence is not based entirely on your income, it has more to do with how you think about money. There are four key components to the millionaire mindset. Mastering them isn’t guaranteed to make you rich, but it is certainly going to get you on the right path.

1. Learn the Difference Between Assets and Liabilities

We all know the traditional definition of assets. Things like homes, investments, and cash all add a nice big plus sign to your net worth. However, an asset is not just something that has value. It’s something that adds value.

Let’s say, for example, you want to buy a car. The car certainly has value, but it will not add a single dollar to your net worth. In fact, it’s going to cost you money. Every month you’ll have to pay for gas and insurance. The car’s value will depreciate as it ages, it’s value decreases every single day that you own it. This makes the car a liability.

If you were a taxi driver, the car would be an asset as it makes you money every day. But for the average consumer, a car is often nothing more than a money pit. Thinking this way will remind you to spend your money only on things that will help you grow financially.

1. Learn the Difference Between Assets and Liabilities

We all know the traditional definition of assets. Things like homes, investments, and cash all add a nice big plus sign to your net worth. However, an asset is not just something that has value. It’s something that adds value.

Let’s say, for example, you want to buy a car. The car certainly has value, but it will not add a single dollar to your net worth. In fact, it’s going to cost you money. Every month you’ll have to pay for gas and insurance. The car’s value will depreciate as it ages, it’s value decreases every single day that you own it. This makes the car a liability.

If you were a taxi driver, the car would be an asset as it makes you money every day. But for the average consumer, a car is often nothing more than a money pit. Thinking this way will remind you to spend your money only on things that will help you grow financially.

2. Identify Ways to Generate Passive Income

Most people earn their living by working a job. This is an example of an active income. You have to go to work every weekday, if you want to continue to earn. If you stop going to work, you stop making money. Your wealth is limited by how much you can work.

For most people, generating passive income is a simple matter of making some financial investments. Investing in the right stocks or bonds can earn you interest every month, without requiring any direct involvement on your part. Many millionaires look for other sources of passive income, for example investment properties that are rented out through a management agency.

Another example would be investing in online or offline businesses. Remember, you don’t necessarily have to invest money. You can also invest time. Creating a business that runs on its own, like a website, will require a little more work up front. But once the work is completed, it’s a set-and-forget system.

3. Don’t Let Yourself Be Influenced by Fear

“Buy low, sell high” is a common colloquialism used in reference to business. This can pretty accurately sum up nearly every piece of business advice you’ll find online.

Remember the economic collapse of 2008? Financial publications would have had you believe that anybody investing in the stock market during this time was simply a fool! And yet for the three years following the recession, the average annual gain was a whopping 11.9%

Billionaire investor Warren Buffet said it best himself: “Be fearful when others are greedy, and be greedy when others are fearful.”

4. Live Below Your Means

It doesn’t matter if you make $20 thousand per year or $200 thousand, it’s important that you live below your means. People have a natural tendency to start spending as soon as their income increases, but you have to save whatever money you can. Start today.

Even if you can only save $10 per month, it will be a start. Next time your income increases, whether it’s from a raise or one of your investments, try to add this money to your savings, instead of spending it upgrading your lifestyle.

The thrill of material possessions fades rather quickly. But one day, you’ll be presented with an opportunity. Maybe the perfect house for you to start a family in, or maybe a chance to invest in an up-and-coming business. When opportunity strikes, you want to make sure you have the financial resources to take advantage of it.



How to Motivate Yourself to Succeed!

Another key concept with success is commitment. Commitment is absolutely necessary in order to achieve goals. You can say you will do something, but until you actually make a decision to commit to it and follow through with the relevant steps, you will most likely not see progress and achievement towards that desired outcome.

So here are some Strategies to Motivate Yourself to Succeed!

1- Visualize the short-term and long-term benefits of achieving that goal/dream

– What does it look like? How are you feeling and experiencing that moment? Bring those feelings into the visualization.
– Who is there celebrating with you and enjoying your experience?
– What are the benefits/rewards to achieving this goal?

Sometimes rather than visualization, it’s just an intuitive feeling and thought that comes to you that moves you closer to your goal or dream. Trust this intuition and believe you will achieve this goal. Then follow through with action steps to get you there.

This is seriously a very effective approach that literally has created amazing opportunities and results for me! Time and time again, while I’m on practice runs, I visualize myself crossing the finish line in a race and who is there cheering me on. It’s such a confidence booster and allows you to move pass your doubts and fears.

2- Create “healthy” competition with yourself!

One of my favorite approaches! If someone doesn’t believe you can do it, then prove that person wrong. How? By showing them that you can achieve that goal, and even exceed that goal. Go after exceeding your expectations and the expectations of those who don’t support you. Show yourself and them otherwise!


Tell yourself this when you or someone doesn’t believe you can do it. Repeat in your mind this self mantra: “I’m going to step up and prove everyone wrong. I am or I will be ______ (fill in the blank of what or who you want to become – can be a trait, occupation, and the outcome desired).”

Ex: “I’m going to step up and prove everyone wrong. I am going to college and I will achieve my bachelor’s degree.”

3- Build in rewards for yourself along the way.

– You want to provide yourself with rewards/recognition for each step of the goal achieved.
– Celebrate the big accomplishment/goal in a bigger way, if you can.
– Reward should match goal type — accomplishing small steps compared to achieving the entire goal.
– We may need to create these recognition opportunities for ourselves.

Sometimes we are lucky enough to have this already built into the goal we are working towards like receiving a medal just for crossing the finish line at a half marathon regardless of your time. That’s right — you don’t have to be the fastest runner to receive a medal. You better believe I wanted something to show for that journey of all that hard training and finishing the race itself! I plan to run a few more half marathons and have a collection of medals.

4- Have a theme song or a collection of theme songs to get you psyched about the opportunity and the process towards the goal.

– Any song(s) that gets you feeling positive and energized.
– Enhance your visualization of the goal outcome by playing theme songs while visualizing.
– It really takes you to that moment of success and makes you feel that it has already happened. It’s an amazing and powerful technique!

Right now, I’m really feeling “The Good Life” by One Republic, “Raise Your Glass” by Pink, “Good Feeling” by Flo Rida, “We Found a Love” by Rihanna as my theme songs. With adventures, travel, making an impact with the teens/college students, celebrations, and love all in sight for me!

Again, it’s not enough to make the decision, commitment, visualize the outcome with theme songs, and repeat the mantra over and over again, as you will need to follow through with the necessary actions to achieve your goal. To further support you with achieving your goals, I’m including in this blog a goal-setting worksheet based on the concept of SMART goals that you can start using today.

Over the next few weeks, we’ll review a few more motivation strategies to move you closer to the desired outcome you seek. So check back and see you then! In the mean time, tell me what strategies you have implemented to motivate you to succeed, whether these or other ones.



Know ThySelf: Secrets To Success In Life & Business

Stay away from toxic and negative people. These are called vampires of dreams. They will do everything in their power to stop you. I fell asleep and drove off a bridge in an 18 wheeler. Landed on the tracks and was hit by the train. I ended up breaking my back on crutches for two years. But I still did not give up! Sometimes our goals will take five years or even ten years. But eventually your dreams will become a reality.

Success is like the most potent drug on earth. I want to be successful so bad I can literally taste the stars! A job is just over broke, I’m not comfortable working for someone else, I’m not comfortable clocking in for someone else. It’s a mind-set, whatever’s inside you must push you to become the “Master of Thyself”. “Man, know thyself, and you are going to know the gods”. Egyptian Proverb

“When you want to succeed as bad as you want to breathe, then you’ll be successful.

Eric Thomas

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