Tag: How To Earn Passive Income

Have Money Work for You In 2022 (You’re Ready)

Have your money work for you in 2022
That next life is waiting for you – Happy New Year! 2022

2022 is here!

We’ve been taught many lessons stringing back from 2020 and transitioning to 2021.

Money has played an extremely important role in our lives.

How can you make 2022 one of your best years financially?

By having a plan.

Here are 3 massive ways you can command your money to work for you.

franknez.com

Welcome to Franknez.com – the blog accompanying you on your journey to financial and time freedom. Cheers to a prosperous, healthy, and abundant 2022.

Let’s get started!

In today’s article I’m going to go over 3 ways you can transform your finances by making some incredible money moves.

The awesome thing is that you don’t need to make a lot of money to make this happen.

It’s all about developing proper money management skills over time.

You already spend a lot of time working to earn your money; it’s tiring!

So why not learn how to put that money to work for you?

Here’s how you can make 2022 your best year financially.

#1. Start your first investment now

start investing in 2022
Start investing in 2022

You’ve probably always wanted to invest but have never really started.

Perhaps you don’t know where to start.

Bookmark this guide on how to start investing in stocks for beginners, it’s going to change your life.

One of the best ways to have your money work for you in 2022 is by putting it in a safe index fund such as the S&P 500 where it will earn you 8%-10% per year.

Investing your money is easy!

Most people have just never been exposed to how simple the process truly is.

Depending on your level of risk, you could invest in individual stocks that you think will go up in value over a period of time (e.g., Apple, Tesla, etc..).

The S&P 500 for example invests in the top 500 companies in the U.S. so it’s very well diversified: hence making it a safer investment.

I recommend you download the app “Mint” by intuit to track all of your accounts and see how they grow in real-time throughout 2022!

Create a plan to how much of your income you will be allocating towards investments every month.

I suggest having an emergency fund set aside first so that you’re always ready to tackle any unprecedented challenges this 2022.

#2. Diversify with cryptocurrency

ways to invest your money
Ways to invest your money

Cryptocurrency is here to stay and if you think it’s too late to invest in crypto, think again.

Crypto has made a loud statement, but analysts have massive predictions for many of the popular cryptocurrencies, meaning there’s a lot of room for growth.

Is crypto safe?

It is with Coinbase.

Another way you can have your money work for you is by allocating a small percentage into digital assets.

Two cryptos I’m personally long on are Cardano (ADA), and Shiba (SHIB).

Because these two digital assets are very affordable, planting seeds now could bear incredible fruits sometime during this decade.

So even though you might only be able to double or triple your investment this decade with Bitcoin, the opportunity for massive gains with other cryptocurrencies are still out there.

You can view when I buy both stocks and crypto exclusively on the Patreon.

Bookmark: How to invest in crypto for beginners (step-by-step)

#3. Begin to fund your freedom

Andrei Jikh
YouTuber Andrei Jikh – makes a living on YouTube

One way 2022 can become your best year financially is by creating a vehicle that will allow you to escape the rat race.

Have your money work for you buy investing in a vehicle that will provide you with financial security, and earn you back your time.

If you have a job or a career, use your employer as a means to fund your passions to create a sustainable second stream of income.

Most people believe that you should live off of the income your employer provides you with.

But in order to build wealth this new year, we’ll have to shift our mindsets so that the income caters to a greater income vehicle.

That income vehicle will vary from person to person but is the fastest way to financial and time freedom.

Your job/career can fund your dreams and ambitions so that one day you won’t have to rely on that job/career.

One of the greatest investments you can make is on yourself!

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For more content like this be sure to subscribe to the blog, or follow me on social media (below).

Cheers to a tremendously prosperous 2022! 🎉

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Read: 3 Different Ways I’ve Earned 6-Figures [Secrets]


3 Different Ways I’ve Earned 6-Figures [Secrets]

How to earn your first 6 figures
How to earn your first 6 figures

So, you want to earn your very first 6-figures.

I’m going to go over 3 different ways I’ve done it to provide you with insight and value so you can do it too.

I never had any mentorship when achieving these goals, so I feel very happy being able to share my story with you.

Make sure to subscribe to the blog for more articles like this.

franknez.com

Welcome to Franknez.com – today we’re discussing what it’s going to take to earn your very first 6-figures. Here’s how I did it and how you can do it too.

Let’s get started!

My First 6-Figures Story (Family Business)

first 6-figures
How I earned my first 6-figures

I’m going to be as brief as I can while still providing you with value and knowledge.

Earning my first 6-figures were the hardest.

The first time I earned 6-figures was as an intrapreneur within the family business.

I had a sales position role I took on straight out of college.

The year was 2015 and it was the most intimidating thing I had ever done at that point of my life.

I’ll never forget how I felt receiving my very first PO, it was around $40 or so and I remember thinking, “wow, this purchase order is money”.

I took on the sales role because I was certain of two things.

  1. I wanted to make a lot of money
  2. People in sales made a lot of money

And although it was extremely uncomfortable, I wanted to take on the challenge so that I could live the lifestyle that I wanted to live.

This chapter of my life was very challenging and pact with rejection after rejection.

In my eBook, “Reaching The $10K Mark: How Perseverance Overrides Adversity“, I go into depth what I went through in the beginning of my journey.

Feel free to check it out to unlock a part of my journey only a very few have access to.

How Long Did It Take Me to Earn My First 6-Figures?

how long did it take to earn 6-figures?
How long did it take to earn 6 figures?

I started my sales journey in 2015 and made my very first 6-figures in sales in 2019.

It took me 4 years of grind, rejection, commitment, failures, and goal setting to make this happen.

Again, I go more into detail in my eBook.

But it was hard.

When you do sales for a company, you put yourself in front of rejection every day to earn the opportunity to work another company.

I did this for 4 years straight before closing the year with 6-figures in sales for the very first time.

Year 5 was another 6-figure year in sales, although I didn’t earn that in income, and year 6 would have been my third year earning 6-figures too.

But I had left the family business to pursue my own business ventures and create the life I’ve always intended on living.

I’m actually drafting my second eBook to help those in family businesses identify when it’s time to leave the family business, especially if the environment becomes toxic.

Something I kept in mind was that if I could make someone else’s business 6-figures per year, then I could do it for myself and my family too.

The Second Way I Earned 6-Figures Was with Stocks

earning 6-figues with stocks
Earning 6-figures with stock investing

I am going in chronological order to help you understand a little bit about my background and my story.

I’ve always had a dream of making a lot of money and living life on my own terms.

When I became aware I wasn’t going to become affluent working for someone else, I decided to take action and invest in myself by accumulating a lot of knowledge online.

Though I didn’t have any mentors in person, I did have mentors online, at least that’s what I’ve always considered them to be.

I consumed content from a variety of successful and wealthy people and took the most valuable things from them to mold my own character.

Learning how to invest in stocks was so intimidating because no one was showing you how to do it.

Every article I read online was so dated and full of mumbo jumbo jargon.

Without hesitation, I opened my broker account with Vanguard, deposited my first $20, and made my first investment two months later after that deposit.

Why Invest in Stocks?

why invest in stocks

The year was 2019 when I made my first investment in the stock market.

I’ve always wanted to invest in the stock market because unlike a high yield savings account, it earned a lot more returns annually.

I was deep into financial literacy and was learning as much as I could about making money, managing it, and multiplying it.

So naturally stocks came to mind.

In fact, I’ve wanted to invest in stocks ever since one of my finance professors from college advised he did.

Old man was a gatekeeper though, he had absolutely no regard for showing us how to start!

So, with that in mind, I decided to launch Franknez.com to show people what I was doing to make, manage, and multiply my money.

This is not a website for financial advice, it’s a website for insight, perspective, and self-education.

The first time I saw 6-figures in stocks was during the summer of 2021 when momentum stocks were up, and my long-term stocks were very healthy.

I understand that in the beginning it’s difficult putting money away, and it’s even more difficult investing it.

Learn to let go of the money so that it can go out and bring back some more.

I’ve found that it’s very important to take calculated risks in life.

Bookmark: How to invest in the stock market for beginners

I’ve Earned 6-Figures Blogging

how to earn 6 figures blogging

The third way I’ve earned 6-figures is by reaching millions of people online via my blog.

I’m beginning my third-year blogging in 2022 and am excited to provide even more value to the communities I serve online.

There’s content on my blog for:

  • New bloggers
  • Entrepreneurs
  • Stock investors
  • Crypto investors
  • & Financial literacy seekers

I’ve written a ton of content to help people either gain insight to reach a new level, or digest content on important information that will help them improve their finances one way or another.

While I do blog for a living, I also run a 5-figure advertising agency that I’m working towards getting to 6-figures.

It’s all been extremely challenging and has taken time.

Excluding stock investing, earning 6-figures for any business or platform will require you to provide a lot of value to the receiver.

Reach For More!

Earning 6-figures might sound like a dream come true, but in all honesty it’s only one steppingstone towards a greater and much more prosperous future.

6-figures shouldn’t be the goal, but rather be seen as a milestone that will propel you even further.

I recently heard a saying, “don’t buy stupid $#!% until you at least have $500k in the bank”.

The financial literacy in that statement is strong and I love it.

Even when you earn a 6-figure income, live below your means to maximize your net worth growth potential on that income.

Otherwise, living paycheck to paycheck would have meant your efforts were all for nothing.

Related: How to start a blog in 2022 (Beginners Guide)

The Secrets to Earning 6-Figures Per Year

secrets to earning 6 figures per year

So, what are these secrets that allowed me to manifest 6-figures in 3 different ways?

  1. The appetite to do so
  2. Setting goals and
  3. Taking relentless action to meet them

That’s it, that’s all it takes.

You’ll need to want it, you’ll have to be clear on what it is you want (6-figures), and then you’ll have to take as much action necessary to make it happen.

Here are some examples:

Family Business

In the family business, I created this appetite for meeting the 6-figure goal.

Once I was clear on what I wanted to accomplish, I began setting goals as to how I would accomplish this within my niche industry.

From there it took 4 years of relentless action to finally reach 6-figures in sales.

Stock Investing

I had a hunger to learn how to invest so I chose the path of stock investing.

I got clear on wanting to multiply my money with the intention of making more than 6-figures one day, and took relentless action to put money aside to invest when opportunities came my way.

The discipline to not spend but rather save, is a form of taking relentless action towards a future goal.

Blogging

Blogging came more natural than anything else I’ve ever done.

I’ve always loved to write, and to help people.

As I set goals to further provide value, my blog grew exponentially as I took relentless action towards giving more than I received.

Although blogging has been challenging in its own respect, it’s also been the most natural to me personally.

Summary

franknez.com

There you have it; these are the 3 different ways I’ve earned 6-figures.

While yours might differ from mine, the 3 secrets I’ve outlined are what helped me do it 3 different times.

In retrospect, now I’m wondering if there needs to be more things added to that list in order to go beyond 6-figures, such as hiring a team for example.

I guess that will be a blog post for another time.

Share this post on LinkedIn or any other social media where people can gain insight and value from it.

franknez.com

You can follow me on social media using the links below.

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Side Hustles From Home That Make a Ton of Money

Side hustles from home that make a ton of money

Whether you’ve lost your job or simply want to work for yourself, many people are making money online no matter where they are in the world. They’re either working at home or traveling the world and making money at the same time. Or you’re probably just a workaholic and need to stay busy.

Most of you can say goodbye to your 9-5, for good. Here are some incredible side hustles from home that make a ton of money.

franknez.com

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

One thing earning money from home provides for you is the freedom. The freedom of time and the financial freedom you and your family deserve.

It brings me great pleasure to provide you with some side hustle ideas that can change your life. It did for me and it can for you too.

#1. Earn money from home with YouTube

YouTube is an amazing platform from which you can begin to make money from home. Though it won’t be an instant way to earn money it will certainly be worth it once you’ve monetized your YouTube channel.

This is a non-linear way of earning money from home meaning you don’t have to put in the work multiple times to earn money. This type of leverage income allows you to create something once and earn money from home multiple times over.

Earn money from home with YouTube

The cool thing about YouTube is that you can make videos on just about anything and work towards creating a source of passive income when you’ve grown your channel.

Once your YouTube channel has been monetized, your videos will earn you money from ads no matter where you are in the world.

This means a video you created months back can earn you money every day, of every month, of every year! As long as the topic is relevant in some way, shape or form, your content will always be viewed.

How much money can I make from home with YouTube?

YouTube has no ceiling. You can make infinite money with YouTube as long as your videos generate views.

Once you’ve monetized your YouTube channel you’ll want to keep producing content to further scale your channel.

Make money from home with YouTube

I created a YouTube channel because I know I want to provide further value to my readers there eventually. I want you to see me and I want us to have that personal and visual connection.

As of April 2021, I published my first video for an investing community I’m involved in. I thanked them for supporting the blog and sharing my posts within the community. It meant so much that I just had to express my gratitude.

I have a ton of ideas written down of what I’m going to accomplish with this channel. If you want to see this journey come to fruition then subscribe to the channel here. You won’t regret it.

How do you monetize a YouTube channel?

In order to monetize a YouTube channel you’re required to have at least 1,000 subscribers and 4,000 hours of total watch time within 12 months.

While this may seem like a lot of work, the freedom that comes with it is certainly worth it.

If you have a YouTube channel you’re trying to grow leave it in the comment section below so I can subscribe and show some support!

#2. Create a blog using Bluehost

Another great way to make money from home is to create a blog using Bluehost. Blogging is such a carefree side hustle. I enjoy every moment of it and don’t see myself ever stopping.

This is why blogging is now my 24/7 full-time job.

That’s right. Blogging has allowed me to quit my 9-5 and work from anywhere I choose. Sometimes it’s surreal.

I strongly believe everyone should start a blog. Why? Because you have some sort of knowledge or expertise others don’t. This means you can provide valuable insight and information by publishing blog posts on the internet that others can find extremely helpful.

Earn money from home by blogging

People are blogging just about any niche and topic. Whatever you decide you want to talk about, there’s a community, Facebook group, and overall people who want to digest that content.

You’ll need to figure out what people in your niche topic are asking for. Bloggers write the solutions to peoples whereabouts regarding a specific topic in mind.

If you need help deciding what to write about I have you covered. Lets go over some quick blogging topics and niches.

Here are a few blogging ideas:

  • Travel
  • Food and recipe
  • Entertainment and news
  • Automotive
  • Health and well-being
  • Mommy or daddy lifestyle
  • Gardening
  • Sewing & knitting
  • Fashion and makeup
  • College life
  • Teacher life
  • Technology
  • Finance and business
  • Product reviews
  • Paranormal / metaphysical
  • Culture / City
  • and so much more

Read: Blog Like a Champ: Easy Beginners Guide

You can blog about your passions, your experiences, and your expertise all while earning money from home.

Whatever you decide you want to blog about, be sure that it’s something you can really enjoy discussing with other people. The way I knew personal finance was the right niche for me is that whenever I thought about the topic, I just felt like I had so much to say!

I have a passion for personal finance and business related topics. So, from these passions FrankNez was born. And if you haven’t browsed through the blog yet be sure to do so before you leave, or bookmark it for later use.

What is the best platform to blog?

Bluehost is the #1 recommended web host provider by WordPress and powers over 2 million websites worldwide. I don’t know about you but I want to be on that team.

Bluehost in my personal opinion is also the easiest web host provider to use. It is ideal for starters and beginners.

What I liked about Bluehost from the very beginning is that none of they layout was over complicated nor intimidating. Bluehost has really made my blogging experience great.

Bluehost blogging

How do you earn money blogging?

You can make money from home (or anywhere in the world) by blogging about just anything that people find interesting or helpful. There are numerous ways you can earn money from blogging.

Some ways you can earn money through blogging include:

  • Displaying ads from ad networks
  • Affiliate marketing programs
  • Selling products or services
  • Marketing services
  • Income earning landing pages

How much money do blogs make?

Some blogs are earning anywhere from $100 dollars a month to $1,000, and even $10,000+!

High blogging traffic allows you to multiply your income, especially if you have more than once source.

Franknez.com is earning 5-figures alone in just ads. I don’t sell any products nor courses. My job isn’t to sell you anything, I’m here to provide you with value.

Once you’ve opened your account with Bluehost be sure to read how to monetize your blog with Google AdSense. Man, do I have you covered!

Google AdSense was my first advertising platform. In that article I show you how to put ads on your blog so you can begin earning money as soon as your blog has traffic.

#3. Earn money from home by renting your property

Make money from home with rental income. Rent your extra bedroom or backhouse to make easy money every month.

Earn money from home by renting your property

Rent from your tenant(s) guarantees monthly earnings for the use of space you are not using.

This form of passive income does not require much maintenance and is usually a pretty straight forward process. Relay the rules to your tenant and write up terms for your records.

Depending on which state you live in, you can charge $400-$800 for rent every month. $1,000+ in some areas.

House Hacking

Make money by house hacking

Learn to house hack by having more than one or two tenants essentially pay for the mortgage.

You don’t technically make money from home this way, but you live in your home for free which means you can use your money to save and invest it in other assets.

Consider using Airbnb

Airbnb allows you to rent your property for a few nights to people who are looking to stay in that particular area of your city.

This hotel like service draws hundreds of dollars per night and in most cases can even pay itself if you’re still financing it.

I’ll leave the link to Airbnb’s website home page here.

#4. Teach A Skill With Fiverr

Teach A Skill With Fiverr And Make Money From Home

With Fiverr you can teach a skill via webcam to people looking to learn more on your expertise.

You create a gig and get notified when someone places an order. People are teaching others how to:

  • Speak a new language
  • Selling graphics & designs
  • Providing digital marketing lessons
  • Supplying video & animation tutorials
  • Create amazing recipes and cook

Fiverr is a great way for you to make money from home due to the convenience of providing people all around the world with value right from your living room.

If you’ve ever wanted to teach people how to learn something new from the comfort of your home then Fiverr is a great platform for you.

Read: How To Distribute My Music On All Major Platforms

Leverage income is when you create something once and get paid for it multiple times. This type of income is what Dan Lok refers to as F.U. money.

#5. Earn money from home as a freelance writer

Earn Money From Home As A Freelance Writer

The amazing thing about Fiverr is that you can also offer your writing skills to people all around the world as a freelance writer. Freelance writers are:

  • Writing professional bios for people
  • Providing successful telemarketing scripts
  • Working on helpful branding articles
  • Helping people format pod and ebooks

Services range from $5-$80 per order! If you can think of creative ways to put your writing skills to use then Fiverr is the perfect platform for you.

Earn money from home teaching people how to do stuff online!

Read: 5 Ways to Earn Leveraged Income: Start Now

#6. Pick up a commission based sales position

Commission bases sales position

Earn money from home through a commission based sales position. You can make a sales career from many industries including marketing, tech, and health.

Commission rates can range from 5% being the lowest to 40% being the highest.

The cool thing about taking up a commission based sales position is that you have the liberty of working in the comfort of your home or while you’re on the move!

Why commission only based positions are amazing

While I don’t have a 9-5 anymore, I do have a commission only based sales position in another business.

I built my clientele over the period of 5 years before going 100% commission with no base salary. Although this may sound scary at first, I now have the time to work on my blog full-time as well as continue to grow my other online startups.

Because I already have a clientele, all I do now is quote and close projects every day. I can be doing this from home or from the beach. This position compensates me monthly.

Read: How To Reach $10K Per Month In Sales

#7. Start your own online business and make money from home

start your own online business

Starting your own online business has many benefits. Not only are you your own boss but you have the opportunity to creatively make money from home in the niche of your choice.

When I created my first online business it generated on average $20 per month. Although it’s not enough to cover big expenses, it was certainly enough to pay for my streaming services passively without the need of my using my earned income from my 9-5 during that time. It was my first successful startup and now plays a different role which brings a ton of traffic to my blog!

Another startup earned me on average $2K per month all year. This is an online business I’m working on scaling today as well. And yes, this was all done from home. The link below is going to walk you through on how you too can start a thriving online business.

Starting an online business will be your best bet to leaving that 9-5. This will highly depend on how much you commit to scaling it.

Read: How to Start a Thriving Online Business in 2021!

And lastly…

Thank you for being here today. You could have chosen to spend your time elsewhere but instead you’re here learning and trying to get better. I applaud you for that.

If you want more content sent to your inbox be sure to subscribe to the blog and follow me on all social media platforms.

Franknez.com

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Are you working from home? Let the readers know what you’re doing to earn that extra income in the comments section below!


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