Tag: Money Management (Page 1 of 2)

Things You Can Start Now to Earn More Money in 2023

ways to make more money in 2023.
Ways to make more money in 2023.

The year is almost over but it’s not too late, there are still things you can start now to earn more money in 2023.

In this article, I’m going to walk you through 5 different ways you can begin to set yourself up for financial success next year.

If you enjoy this article, be sure to join the newsletter below for more content like this.

Also, don’t forget to share this article on social media.

Let’s get started!

#1. Write a Financial Plan with Intention

financial planning

One of the most important things you can do right now is to begin writing a financial plan with intention.

The intention has to be there.

What are your financial goals?

What are your income goals?

Journal them and create a plan on how to make those visions become a reality.

Perhaps you’re looking forward to saving your first $1,000, your first $10,000, or want to hit your first every $100,000+ in capital.

The best way to start that journey is to write it down as a plan first.

Identify what it’s going to take, and the rest will follow through.

#2. Practice or Learn New Skills Now

If part of your plan involves earning more money for 2023 and you’ve identified that you’ll have to take on a whole new industry or develop a new set of skills, start now.

The only way we grow is by learning, and unfortunately there’s no shortcut for it.

You can learn new skills such as copywriting, public speaking, trading, graphic designing, website creation, sales, marketing, branding, etc.

Learning is painful because it’s slow and often times people put learning something new on the back burner to not start over again.

But the truth is you’re not starting all over.

You’re merely making yourself more valuable by elevating your standards.

If you want to make more money in 2023, chances are you’re going to have to do something different the new year than you did this year.

Remember, degrees don’t make you money, skills do.

#3. Solve Problems for Other People

how to make more money in 2023.
How to make more money in 2023.

This can be in the form of an actual business venture, or an educational or informational startup, such as an online business (blog, podcast, etc.).

You know this and I know this, there are people making a sh*t ton of money either online or through a traditional business model.

What these individuals are doing is they’re simply solving problems for other people in a particular community or niche industry.

Can you think of a way you can serve people in a manner that will solve a problem for them?

Whether their problem is they’re in the area and they’re hungry, or they don’t know how to dress themselves properly for a specific function, or they don’t know the basics of proper car maintenance.

There is something you know that can solve the problem for someone else whether that be physically or through an online platform.

Related: How to Start a Blog Step by Step for Beginners

#4. Start Putting Your Money to Work for You

how to put your money to work.
How to put your money to work.

If you have disposable income, the best thing you can do is to put that money to work for you.

Did you know you can buy stocks that will pay you a dividend every quarter?

These earnings then rollover and compound further growing your investment/net worth.

This of course just one example of how you can put your money to work for you in 2023.

If you have big capital at your disposal, buying a property cash could provide you with rental income while appreciating over the long-term.

#5. Create Something Original You Can Sell

how to earn more money in 2023.
How to earn more money in 2023.

One thing you can do now is create something original that you can sell.

It can be clothes, paintings, a service, a product, a book, literally anything that’s original.

You can learn how to sell on Etsy, Ebay, on Instagram Stores, or via a personalized website.

Heck, you can even sell at events or swap meets.

Your hustle is your hustle and you’re more valuable than you think.

These Money Management Tips Helped Me Through Tough Times

Money Management Tips
Money Management Tips – Franknez.com.

Those of you following me on Instagram voted for a personal finance article this weekend; so, I’m going through 5 money management tips that have helped me through tough times.

Oh yeah, it’s getting personal.

Let’s get started.

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If you’re interested in more money management tips or personal finance articles like this, join the newsletter below.

I’m able to see what articles readers are opting into when they join the newsletter.

This helps me identify what you guys want to read!

#1. Aiming to Increase My Income

Whether it was looking for a salary raise, a commission raise, or an increase in clients, aiming to increase my income has always been a career priority for me.

Increasing my income has been one of the most important money management rules I’ve created for myself.

When you increase your income, you increase your ability to increase your savings and be ready when you spot investment opportunities.

#2. Diversifying Income Streams

Another very important one.

Having an additional stream of income has saved my a** during rough patches and setbacks.

Whether it’s creating a side hustle, a side business, or an income generating platform such as a blog or YouTube channel, having an additional stream of income can go a long way.

Especially if your main income is going through a slump.

Building an additional stream of income also raises your household income; who wouldn’t want an additional $1,000 per month, right?

Bookmark: Side Hustles from Home That Make a Ton of Money

#3. Creating a Money Management Plan

money management tips.
Money Management Tips – Franknez.com.

This is a great one, and one most people never start with.

Begin by writing your money goals, literally all of your money goals.

How much money you want to make, how much money you would like to save each month, how much money you can see yourself investing in something else, and so on.

By creating a money management plan, you’re able to zoom out and look at what you need to work at, even if you’re currently in a tight spot.

Sometimes we’re so busy that we forget to just simply stop and set goals that are going to propel us forward.

#4. Learning About Money

Learn how to manage money.

When you get serious about your money, you start to look for ways to get your money right.

That’s why you’re here today.

Being involved in the world of money is going to make a huge difference in your life because you will constantly be taking in great money habits from those who have learned the ropes.

While you might not agree with every money guru or entrepreneur or investor, you can always take something from everyone, and use it to mold your own personal money management experience.

#5. Having a Killer Savings Account

Money management tips.
Money Management Tips – Franknez.com.

Having a killer savings account has saved me from any type of financial setback or unprecedented expenses throughout the year.

The key to building a strong savings account is to first increase your income and then set the additional earnings aside.

The bigger your income, the more funds are made available for you to put away.

Avoid financing new cars or a new home as you increase your income.

These financial decisions will only set you back and limit how much you’re allowed to set aside in case of a rainy day.

These toys should be last on your list until you have a strong foundation and positive trajectory of where your finances are headed.

Also Read: 5 Easy Ways You Can Earn Leverage Income: Start Now

About Frank Nez

Frank Nez is an American entrepreneur and journalist with a background in startup development, marketing, and branding. He is the author of “Reaching the $10K Mark: How Perseverance Overrides Adversity” and founder of SoCal advertising agency Easy Marketing Concepts.

You can follow Frank Nez on: Twitter | Instagram

5 Amazing Ways You Can Secure Your Family Financially

5 Amazing ways you can secure your family financially

Who doesn’t want a secure and healthy financial world for their family? If you’re reading this chances are you’ll do anything to keep your family safe and ensure you provide them with a life unlike anything else.

Some of our biggest dreams aren’t for ourselves, but for our family. We dream of providing them with the best experiences life has to offer. Here are 5 amazing tips to secure your family financially.

Franknez.com - personal finance blog

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!

#1. Build a hefty emergency fund

Super important.

The number one way you can secure your family financially is by building a hefty emergency fund that can protect them during a rainy season.

emergency fund

Note I said rainy season and not rainy day.

Sometimes life simply happens and before you know it we’re going through a pandemic and lockdown out of nowhere.

Have your emergency fund money work for you

The best thing you can do with your emergency fund is to put it in a high yield savings account so it can earn interest every month. Don’t let your emergency fund collect dust in a traditional checking account.

Banks like Citibank, BMO Harris, and Capital One all offer these services and are also FDIC insured meaning your money is protected.

Have cash at hand

This can be in the form of actual cold cash or liquid money that’s available to you instantly, such as a personal savings account.

What I find works best is to allocate money in a money market account and in a personal savings account. This allows me to protect my family should I need to access money right away.

Meanwhile, the hefty emergency fund is earning interest every month. Sounds pretty great right? It is.

#2. Lower your overhead

It does not matter how much money you make. Lowering your overhead simply implies to live below your means.

The most renowned millionaire’s will tell you this is a big part to building long term and generational wealth.

Secure your family financially by lowering your overhead

Lowing your overhead allows you to secure your family financially because it keeps your overall costs down.

What are some benefits to a smaller overhead?

  • Family necessities become abundantly affordable
  • No more living paycheck to paycheck
  • Sense of self control and achievement
  • Resources become available to save and invest

Don’t mistake a small overhead for living frugally. That’s completely up to you. A smaller overhead simply provides you with more access to your monetary means.

So, when should I raise my standard of living?

You should raise your standard of living in small increments.

You’re most likely in a place where you can technically afford higher rent or a new car. However, when we’re striving to secure our family financially we should avoid instant gratification and instead delay it.

Before you begin to make bigger financial moves make sure you and your partner are:

  • Debt free
  • On the same page about finances
  • Have a heft emergency fund built
  • Setting financial goals together

Read: How to Successfully Manage Money As A Couple

What are some ways I can lower my overhead?

You can lower your overhead by:

  1. Renting oppose to taking a loan on a mortgage
  2. Paying off debt to eliminate monthly payments
  3. Lowering your utility bills
  4. Cutting off unnecessary streaming services or subscriptions
  5. Investing in your health and changing your grocery spending habits

Which leads to my third strategy on how to secure your family financially. Yup, by setting healthy budgets.

#3. Budget healthy

Secure Your Family Financially by Budgeting

Now, I say budget healthy because I do believe in splurging on your family once in a while. I mean what’s the point of sustaining a growing family if you can’t spoil them from time to time right?

All in moderation.

Setting budgets will secure your family financially and allow you to gain self control over your spending habits.

Budgets also help us communicate better with our partners and instills trust within the relationship.

When we’re in sync with our partners we tend to grow at a faster rate financially.

Not only is budgeting great for your wallet but it creates a bond between you and your significant other.

What are some simple budgeting ideas?

  • Conserving electricity (also good for the environment)
  • Meal prepping / home cooked meals
  • Keep an eye out for deals or specials
  • Wash your own vehicle
  • Pull out the gift cards from your drawer

Read: 10 Successful Ways To Save Money During A Recession

#4. Develop multiple streams of income

Ladies and gentlemen, the single most effective way to secure your family financially is to make sure there is always cashflow.

Start a side hustle, create your online business, do MORE.

Develop multiple streams of income

These things won’t be easy. I’m not talking about make money fast ‘opportunities’. Developing multiple streams of income takes time and anyone who says otherwise is a scam.

Get creative with it and enjoy the process.

People are making money with:

  • Fiverr as freelance writers, graphic designers, translators, instructors, and so much more!
  • DistroKid – which allows musicians and artists to distribute their music on all major platforms earning them money PER STREAM.
  • Bluehost – WordPress’s number 1 webhosting service for bloggers and online business startups.
  • Turo, by renting out their vehicles.

There are a lot of ways from which you can earn additional income to help feed your financial goals.

Our ‘Side Hustles‘ tab has a variety of posts to help you manifest these goals.

If you’re enjoying this post so far don’t forget to subscribe to our newsletter and leave a comment below!

#5. Talk about money in your household

Talk about money in the household
Financial Literacy

This one is very important.

Maintain an open atmosphere at home when it comes to finances and money management.

Filter private conversations around the kids but increase their awareness. Talk about your goals to them. Make them money conscious.

By openly talking about money in the household, you instill a confidence in your environment that isn’t taught in school.

Become that source for your kids so that one day they become just as money conscious and goal oriented as you are.

Talking about money is a great way to secure your family financially

Kids brains are like sponges. If they hear the content you’re listening to online they subconsciously process this information.

When I put YouTube on my television and my son asks me what it is I’m watching, I advise it’s educational videos for adults. He’ll then carry on and play with his toys or draw beside me.

His daddy isn’t binge watching the new Netflix series that just premiered, he’s learning and making things happen. Manifest this activity for productivity.

Kids notice these things. We are the biggest influences in their lives.

Keep winning, keep persevering, and stay humble.

Read: How To Set Financial Goals: 10 Simple Steps!

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How to Successfully Manage Money As A Couple

How to Successfully Manage Money As A Couple

Whether you’re married or are in a serious relationship, learning how to manage your money as a couple is going to become a real thing if it hasn’t already. More so if you’re both hustling.

Communication is going to play a very important role and your success is going to highly depend on it.

Without the financial vision or guidance, there’s always going to be some sort of disagreement or standoff which can hinder the health of your relationship.

It’s important to listen to one another and speak your mind out loud.

Discuss Savings Goals

A great way to break the ice with your partner is by getting together and discussing a savings goal plan.

It can be as simple as saving your first $1,000 together or building your emergency fund. This strategy develops a teamwork mindset between you and your partner.

Read: How To Create an Emergency Fund and Why It’s Important

Identify The Bigger Picture

What are yours and your partners biggest goals together? Are you aiming to becoming debt free so you can spend time vacationing together? Looking to buy a home?

Communicating about the bigger picture allows you as a couple to stay motivated. It’s going to help you stick to your financial goals and stay focused.

Read: How To Set Financial Goals: 10 Simple Steps!

Should We Combine Bank Accounts?

If you’re married and both partners feel safer doing so, then yes. You should definitely have a joint bank account as it keeps things tidy and easy to manage.

With this type of account you’re able to see all expenses deducted from one account. This means when your earnings deposit you’ll also see a nice chunk of money sitting there.

If you’re a couple and both of you are more independent, either way works. This helps both partners learn how to manage financing prior to marriage or creating a joint account. If you’re combining savings or paying off debt with separate bank accounts, communicate on how transfers will work.


Maybe you’re both using the snowball method to tackle debt. You may transfer money over to your partners account so they take care of the smallest debt on the list prior to proceeding with yours (or vice versa).

This strategy also helps you both as individuals increase your credit score. This is especially good if you’ve set financial goals that require an excellent score.

Read: How To Increase Your Credit Score | Reach Excellent

What About Investment and Money Market Accounts?

If you have money allocated in investments or money market accounts, be transparent with your partner.

If you’re married, your partner should have an idea of where you are allocating certain money to. They are entitled to that information.

Serious couples should also be informed of any money whereabouts. This allows you to gain trust in your partner and instill confidence to one another.

Learn to Budget As A Couple

Couples who want to manage their money correctly will need to learn how to budget successfully.

You’ll need to come to an understanding of how much money is to be allocated towards certain expenses. This may include groceries, entertainment, shopping, etc.

Budgeting together is a great way to manage your money as a couple because it provides you with control and stability.

When you have control and stability, you’re able to move money into savings, towards debt, and anywhere else you need it to be in order to meet your financial goals.

How Do We Go About Vacationing?

The wise thing to do is to have your finances under control before vacationing. This could simply mean having your emergency fund built and making sure you aren’t behind on any bills that may be a detriment to your finances.

Think of vacationing as a long-term goal or reward. Earn it. Delay that gratification and never settle for now.

Think about how much successful you will feel having your finances under control oppose to vacationing knowing you have past due bills back at home. It’s simply not the same.

Set Your Money Intentions

Money is only a tool.

When you begin to manage money with your partner you’ll both begin to set money intentions. It’s very similar to your goals but has to do more with your desires.

While your financial goals are usually to get you out of debt or prepare you for financial stability, money intentions are the rewards you reap for working hard.

Such intentions can be making enough money to provide for your mom and dad or to give to charities. Other intentions can be to pass wealth down to the next generation.

Setting money intentions with your partner aligns both of your visions and goals. When you both have the same or very similar mindsets, you’re able to accomplish anything financially.

Don’t Allow Money To Get In The Way

Money should not destroy a couple. It should encourage you to make wise decisions for a more comfortable and secure future together.

If you’re having trouble earning money check out our side hustles tab where we provide you with a variety of ways you can make extra money.

FrankNez provides you our readers, with the tools required to reach your most profound goals.

Communication Is Key To Succeed

There’s no doubt communication is the secret to succeeding financially as a couple.

The combination of tackling financial goals together and taking disciplined action is what will manifest your desires.*

Keep setting all sorts of life goals as a couple. This mindset is what’s going to allow both of you to strive beyond your imagination.

Read: How To Reach Financial Stability At Any Age

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