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Ignite Your Wealth Making Money from Your Hobby
Have you ever wondered if you could set up a side income from your favorite hobby? The answer is probably. But you would need to treat it like a business. You’ll want to evaluate the market, create something that people want, test pricing, and more. Plus, there are many different ways of engaging in your hobby. For example, if you love playing tennis, you could create an ebook or video course teaching something about tennis. First and foremost, you need to let go of your fear that you’re not an expert. Now let’s dive in and get your imagination going! What Can You Sell? There is no end to the…
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Ignite Your Wealth – Planning for the Holiday Season
Was one of your New Years resolutions to improve your financial situation? Have you checked in to see how you’re doing? I know it can be a little scary, but take a moment to go find all of your New Years Resolutions. Then take some time evaluating how well you did. Achieve, Keep, Toss, Whoops It’s actually a wonderful thing to go back and review your goals and evaluate how well you’ve achieved them. What if you succeeded! You need to go reward yourself. And if you’re close, then you may find the extra motivation to push through to the finish line. Some goals you will want to toss. Maybe…
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3 Best Habits for Creating and Living on a Budget
Does the idea of living on a budget scare you? Do you get images of eating beans out of a can, or wearing a lot of jumpers to stay warm? Living on a budget doesn’t mean coming from lack. It’s a way of setting up a framework so you can live from abundance with confidence. First you need to understand your fixed expenses (mortgage or rent, auto insurance, etc.), and then your income. What’s left is where you get creative. Some people “pay” themselves first and build up a savings account this way. The way that works is to take a set amount, no matter how large or small, and…
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What Is Cryptocurrency (and Why You Should Care)
Have you been hearing about Bitcoin and wondering what Cryptocurrency is and if it’s something you should be doing? What Is Cryptocurrency In a nutshell, cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units and transfer of funds. In Plain English A currency allows people to exchange goods and services indirectly. You may have heard it called a medium of exchange value. Cryptocurrency is another form of payment that happens to be digital only, and is secured with cryptography. How Cryptocurrency Works But the cryptocurrencies go a little further than just cash. It’s somewhat more like a checking or savings account in…
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Ignite Your Wealth with Passive Income
Would you like to ignite your wealth with passive income? I hear you saying “Well, maybe. What is it?” First let’s look at what passive income is not. What Is Active Income Active income is where you trade your time for money directly. So if you work 40 hours a week and get paid a salary or a certain amount per hour, that is active income. When you sell items online at places such as eBay or Craigslist, you are spending time to set up and sell one item. You need to invest your time in packaging and shipping the item. What Is Passive Income On the other side is…
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Learn the Joy of Talking to People
Are you a bit shy? Do you often wonder what to say to strangers? Or relatives? Maybe you’re at a big birthday party and don’t know many people. This could be a fun opportunity to get to know more people. You know how it can go. “Oh, you’re THAT Lara….” Ok, maybe you don’t want to put it quite like that. But it can be fun to put a face to the stories you’ve heard. In today’s blog, I’ll talk about talking to someone in a large group setting. However it’s also good to remember that these skills can be used when talking one to one. What Is Networking Networking…
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Ignite Your Wealth By Making More Money Quickly
Let’s say you have a holiday coming up, and you want to make money quickly. Are there any good ways to do that? You better believe it! In today’s post, I’ll go over a variety of ideas to bring in more money to your bank account. Are You Self-Employed? If you have an existing customer base, there are a few ways to bring in more money quickly. First, you can put together a special package for existing customers. Or you can reach out and let them know you’re offering a new product or service. Some may decide to purchase it immediately. If you have open invoices, you can offer a…
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Ignite Your Wealth with Financial Intelligence
The best way to ignite your wealth this year is with solid financial intelligence. Often we hope that our money situation will get better. Yet we don’t really know what to do. So make a commitment to really learn about money in 2018. When you treat your money with respect, it will call its friends to flood you with more wealth. Envision Your Future In a prior blog, I talked about getting real with your money. You need to know where you are right now today. There’s no shame whatsoever. So go ahead and leave all guilt outside. Maybe it will find someone else to pull down. You’re going to…
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Planning Your Financial Success
The wonderful thing about a new year is that it seems like a nice time to create new habits. So today, we’re going to work on planning your financial success. What does financial success mean to you? Working Backwards for Success The best way to achieve success is by figuring out exactly where you’re starting from. So set aside some time and gather up your financial information. Then you can either do the next step on paper or by using a spreadsheet on a computer. Understand Your Cash Flow Create a list of months and write down the big payments. For example, maybe you pay your car insurance in August…