Tag: Leverage 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.

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

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How Can Leverage Income Make You Rich?

How can leverage income make you rich?

Leverage income is the best type of income you can develop for your financial growth and success. Money coming in from leverage income also flows continuously. This ladies and gentlemen is how leverage income can make people rich.

I’m going to provide you with leverage income ideas below so you can begin transforming your life this very day.

franknez.com leverage income

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!

What is leverage income?

Leverage income is income you earn multiple times for doing the work once. This type of income produces cash flow at all times.

Dan Lok refers to this type of income as F.U. money. Leverage income can come from royalties, leveraged blog views, or leveraged video views.

Below you will read ways people are earning leveraged income through the use of the internet. Scalability is key to maximizing your incomes potential.

The Power of Leverage Income

leverage income allows you to earn money for doing the work once
Nothing like earning money while you travel

Leverage income allows you to get paid multiple times for doing the work once.

This is how you get to enjoy your favorite trips knowing you’re making money no matter where you’re at, or what you’re doing at the time. This type of income is also passive income, only better.

And let me tell you, the feeling is amazing! Leverage income is the true path to financial freedom.

Imagine earning money in the background. That’s what this feels like. While most people only earn money by trading their time 8 hours a day, rich people figure out how to make money in their sleep.

Wealthy people make money 24/7

Wealthy people make money 24/7

By now you might already be getting a grasp of how leverage income can make you rich.

It’s this concept of making money 24/7. The crazy thing is that nowadays there are a lot more ways to set yourself up for this type of lifestyle.

The key here is to scale valuable content online.

There are numerous ways from which you can provide value at scale online. Here are just a few:

  • Create a blog and monetize it with ads
  • Share video content on YouTube and monetize your videos with ads
  • Sell business tools online such as templates or spreadsheets
  • Start a podcast on Spotify and earn money per stream
  • Open a subscription based service

#1. Create a blog

Create a blog to earn leverage income
Earn leverage income blogging

Blogs allow you to earn money multiple times over. One blog post can earn you several hundred dollars when monetized and with enough viewers.

And this is with only one blog post! You can scale by increasing the number of blog posts you publish and number of readers you bring to your website.

You can start a blog today with as little as $3.95/mo. using Bluehost, the #1 webhost provider recommended by WordPress or with WIX for free.

Blogging has allowed me to earn money no matter where I go. Although growing my blog has been quite the challenge, I love every part of this journey.

Blogging might be for you if:

  • You absolutely love to write
  • You have skills and knowledge you need to share
  • The thought of running and creating a blog excites you

Read: Blog like a champ in 2021: Easy beginners guide

#2. Leverage YouTube views

Leverage YouTube views
Earn leverage income with YouTube

If you love creating videos then YouTube can be a great platform for your leverage income project.

Like blogging, YouTube uses ads to monetize their content creators videos. People are earning passive income by only creating a piece of content once!

When your YouTube channel has been approved for ads, every piece of content you put out will begin to generate you passive income moving forward.

YouTube might be for you if:

  • You love being on screen
  • You’re extroverted and love to show your smile!
  • Feel you can engage with your audience more via. video

Millionaire YouTubers in my niche of personal finance include: Graham Stephen, Andrei Jikh, and Marko – WhiteBoard Finance.

#3. Sell business tools online

Sell business tools online

You can create a spreadsheet, PowerPoint presentation, or marketing templates that can be useful for startups.

People can purchase these products online prior to downloading them. If you manage to create something useful then expect to see online sales quite frequently.

The cool thing? You only had to create it once.

Selling business tools online might be for you if:

  • You have Excel, PowerPoint, or Word skills
  • Own a business and understand what your industry might need
  • Want to improve peoples workspace online

Where can I sell business tools online?

You can use platforms such as Fiverr and place yourself in a specific niche topic where people are looking for tools like what you have to offer.

People are using Fiverr to sell marketing tools, digital goods, and more!

#4. Start a podcast on Spotify

Start a podcast on Spotify
Earn leverage income by starting a podcast

Spotify pays you per stream. Starting a podcast to earn leverage income is a no-brainer.

People are listening to podcasts now more than ever. Podcasts are super convenient to access information while on-the-go.

Grow your number of listeners to scale that project.

Podcast is for you if:

  • You love to interact and conversate with people
  • Have fun and feel comfortable with a mic
  • Your voice connects well with an audience

I personally like listening to Andy Frisella and Joe Rogan.

#5. Use a subscription based platform

Subscribe on Patreon to earn passive income

Patreon is a platform that lets your most passionate fans support your creative work via monthly membership.

Patreon allows you to provide further value to your closest following. You can let your subscribers in on exclusive content for their support.

This monthly membership is a great way to earn leverage income while providing your followers with unique content only distributed to them.

I think everyone should use this once:

  • They’ve established a following in any venture
  • Your newsletter has grown
  • You’ve created exclusive content specifically for your subscribers

What is residual income?

residual income icon

Residual income, like leverage income, is income that you continue to receive after the completion of an income-producing job or project.

Residual income can also refer to the net income after all expenses are deducted from your personal finances.

This term is completely acceptable when discussing passive income that’s generated through leverage.

Residual income examples

Some residual income examples include:

  1. Royalties
  2. Real estate income
  3. Money from consumer goods such as digital music streams and books

Musicians and artists

Musicians and artists earn residual income through streams. They get paid a royalty every month.

Independent artists can also earn money through their streams using a distributing service such as DistroKid.

Also read: How to distribute your music on all major platforms

Accumulating wealth has never been easier

A lot of these money-making projects are actually most people’s hobbies. This means setting yourself up to amass wealth has never bean easier.

With the proper platform you too can begin creating content and getting paid continuously for the value you provide.

You deserve to do what you love and get paid for it. That 9-5 isn’t part of your entire existence.

Amass a big audience for riches

audience icon

At some point of your journey you’re going to make a penny online. Then two. Eventually, you’re going to make your first few dollars then hundred.

You’ll see that the key to obtaining riches online is to grow your audience no matter what your pursuit online is.

Leverage income flows abundantly when you amass a big audience. This is why there are bloggers and YouTubers making 5 and 6-figures per year and even per month! All it takes is time and absolute dedication.

Leverage income works best when scaled

Scaling your audience is key. Are you ready to take the first steps towards financial freedom? Let me know in the comments section below which way of earning leverage income best suits you!

For more like this, read: Earn passive income with these 5 guaranteed strategies

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