Tag: Passive Income

5 Easy Ways You Can Earn Leverage Income: Start Now

Leverage Income Ideas
Leverage Income Ideas That Can Make You Rich – how to make money online

Leveraged income is probably one of the best incomes you can have.

You essential create something once and get paid for it multiple times!

Guys, this is how you can end up generating what Dan Lok calls F.U. money.

This type of passive income is what’s going to set you free.

Here are 5 ways you can earn leveraged income.

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!

There are 3 Types of Income

But before I get into them, let’s quickly discuss the different types of income.

There are three main types of income, all of which require different resources in order to move them.

  1. Linear Income – The first is linear income, which is the type of income most people have. It’s where the resource you trade for money is your time. This is your typical 9-5 job, freelance, etc.
  2. Passive Income – Passive income is money generated through investments. This can be income from a high interest CD or savings account. It can also be in the form of dividends paid out from shares of stocks. Passive income may also be generated from rental income if you own property. The resource required for this type of income is capital.
  3. Leveraged Income – And finally, there’s leveraged income. Enough leveraged income and you no longer have to rely on linear income to pay your bills. Leveraged income is earned by creating something once and getting paid continuously for it. You’ll need an audience in order to make the most out of this type of income.
6 levels of income by Dan Lok

If your goal is to become wealthy, you need to get rid of your linear income.

This income is holding you back more than you know.

Why work 8 hours for someone else when you can use 8 hours of your day to work on growing your own business.

How can I escape my 9-5 job?

escape your 9-5

Escaping your 9-5 is going to require a lot of work on your part but it is certainly possible.

You’ll need to pick up a side hustle while you’re employed.

You can also choose to start your own business or follow an art project.

Once you’ve chosen what you’d like to pursue, work on this idea every day after work.

When I learned that Elon Musk and Steve Jobs all had the same hours in a day as I do, I really started using my time wisely.

Figure out how to earn money outside of your job so you’re not 100% dependent on your linear income.

Start setting yourself up for passive income

One way I started was by setting myself up for passive income.

I then downloaded the app Mint by Intuit to track my net worth. It gradually went from $6K to $10K and so on.

It has since reached +$100k.

I began putting money in stocks and in a high yield savings account where my money would do something.

Rather than have it collect dust I figured I’d put it to use.

When I saw returns I let go of fear that was holding me stuck to the 9-5.

If you aren’t investing in the stock market yet bookmark this post on how to invest in the stock market for beginners.

I share my personal stock and crypto purchases over at the Patreon too.

Once you’ve begun to earn some money from passive income look towards creating an asset that can provide you with leverage income.

There are many ways you can do this.

Leverage Income Ideas

Now that you have a better understanding of the 3 main types of income, here are 5 great ways you can start to earn leveraged income.

#1. Publish a Book

If you love to write, publishing a book can be a great way for you to plant a seed for the future.

Publishing a book has also never been easier.

By writing a book or an e-book in my case, you can put out in the market and receive earning from every person who purchases it.

I wrote my e-book “Reaching The $10K Mark: How Perseverance Overrides Adversity” before really knowing that this was a form of leverage income.

Reaching The $10K Mark - Sales

I wanted to write a piece of content that would allow me to connect with my readers. This e-book is about the struggles in sales.

In this story, I break down how I started in my sales career and set goals only to fail countless times over.

But I never gave up.

This inspiring e-book resonates with anyone who knows what it feels like to get pushed ashore by constant hitting waves.

Whether you publish a book or an eBook for that matter, you can earn leveraged income from royalties every time someone purchases your book.

If you love to write, consider joining a community of writers who share your enthusiasm and passion.

Network with them and begin to build a following based on your thoughts, expertise, and creativity.

Where can I publish an e-book?

You can self-publish your own e-book through Amazons KDP program.

Here you can upload your PDF format book and very own cover.

It’s super easy to manage.

You can check how many people have purchased your book and even how many people enrolled in Amazon’s Kindle Unlimited have read your pages.

Reaching the 10k mark franknez.com
Leverage Income Ideas – eBook – how to make money online

You can find “How To Reach The $10K Mark: How Perseverance Overrides Adversity” on Amazon here.

Do I get paid if people read my pages but don’t buy my book?

Yup! Amazon pays its authors when their Amazon Kindle Unlimited members read up to a certain amount of pages.

So even if your book isn’t selling, you still have an opportunity to earn money from members reading your book online.

How to reach the $10K mark
franknez.com
Leverage Income Ideas – Sell a book – how to make money online

Writing my own e-book has been an amazing part of my journey. I wanted to provide my readers with real in-depth and honest value.

Reaching The $10K Mark is a book about never giving up.

If you’re in the mood for a short story that will spark a wince of inspiration feel free to check it out.

#2. Monetize YouTube Content

Another way you can earn leverage income is by creating content on YouTube.

YouTube has allowed many people to monetize their videos with advertisement.

Here’s a perfect example of doing the work once and getting paid multiple times for it.

A YouTube video can earn you money for many many years.

That’s because people are always finding new videos to watch.

By placing ads on your videos, you will get paid as long as people continue to view your content no matter how long it’s been since you uploaded it.

How can I put ads on my videos?

Leverage YouTube views
Franknez.com
Leverage Income Ideas – Monetize YouTube Videos – how to make money online

YouTube is a great platform to earn leveraged income due to how massive your reach can potentially be.

The requirements to monetize your YouTube content is that you earn 1,000 subscribers and generate at least 4,000 hours of watch time.

The key to reaching the requirements simply depends on the quality of your videos and how consistently you upload to your channel.

Once your videos are displaying ads you essentially begin to generate an income no matter where you are in the world.

What you’ve done is created a video, and that video now pays you every time someone watches or clicks the ads.

Subscriptions make you earn leveraged income.

This ladies and gentlemen, is the power of leveraged income.

It’s the reason why so many YouTubers are making a living from their videos.

Users are making money from all type of videos including:

  • Gaming
  • Cooking
  • DIY Tutorials
  • Time-Lapses
  • Sports
  • Animation
  • Personal finance
  • Commentary
  • Unboxing and Reviewing
  • Reactions
  • Grooming and Beauty
  • Cars and Tech
  • Business
  • Paranormal

YouTube is a platform I eventually want to personally work more on.

It’s a great place to share content and provide further value using animation or video.

Is it free to create a YouTube channel?

Yes. It’s absolutely free to create your own YouTube channel.

You can upload as many videos as you want, too.

FrankNez YouTube Channel
FrankNez YouTube Channel – easy ways to make money online

While my primary focus at the moment is to continue growing my blog, I’ve been publishing more videos on my channel for the community.

I discuss market news or the topics of new articles I publish.

Subscribe here to be some of our first and early subscribers!

If you have a channel leave a comment below and I will subscribe back!

#3. Leverage Blog Views

There are a variety of ways to earn money from blogging with ads being the most popular.

You start to earn leveraged income when your blog posts are displaying ads.

Every post you publish has the potential to make a considerable amount of money depending on how big your audience is.

Bluehost blog leverage income with views
Bluehost is the #1 recommended webhost provider by WordPress – make money online

Learn how to start a blog here

Just like publishing a book, you only have to write a blog post once for it to rank and reach a massive audience.

Now, this is not saying you don’t have to publish consistently.

If that were the case, you wouldn’t even be eligible to monetize in the first place.

Blogging is on this list due to the possibility of writing a post and earning money for only writing on that topic once.

Blogging ideas for 2022

Blogging with Bluehost leverage income ideas
  • Travel
  • Food & recipe
  • Entertainment & news
  • Automotive
  • Health & well being
  • Fashion & makeup
  • Technology
  • Finance & business
  • Product reviews
  • Paranormal / metaphysical

People are blogging about just anything.

If you love to write then blogging can be a great way platform for you to provide value.

If you’re an expert in an area or simply have a lot of knowledge about a specific thing then blogging might be a great way for you to earn leveraged income.

Reasons why you need to start blogging today

I personally believe everyone should start their own blog.

A blog can provide you with a lifestyle like no other. 

Here’s a small list of key reasons why more people should start today:

  1. You have some sort of skill or expertise to share with the world
  2. Your knowledge can answer people’s questions and help them grow
  3. You can monetize your blog with ads and get paid passively every month
  4. Blogging allows you to express your thoughts and opinions
  5. Get paid on the move, while you travel, and while you sleep

How can I place ads on my blog to begin earning leveraged income?

You can place ads on your blog through Google AdSense.

It personally took me about a month of blogging to get my blog approved and start displaying ads.

Google AdSense leverage income with ads
Leverage Income Ideas – Monetize Blog – ways to make money online

I do have to say though, Google AdSense rejected my blog about 6 times!

Don’t let this discourage you.

Google AdSense lets you know what you have to work on in order to get approved.

You might not even get rejected as many times as I was!

How much money can my blog earn with Google AdSense?

Like YouTube, who is also powered by Google AdSense, earnings highly depend on the traffic you bring to your content.

leverage income with blog views
how to make money online blogging

To put things into perspective, some of my posts are generating a few bucks while others are generating over $100 per week.

Good thing Franknez.com has posts on how to help you improve your blog and gain traffic; just search ‘blog’ in the search bar.

You can actually see your potential annual revenue on Google AdSense home page.

How often does Google AdSense pay you?

You will need to reach $100 in ad revenue to qualify for your payout.

Once you do reach your minimum, you will be paid the following month.

So if you earn $400 in one month, those earning will be direct deposited one month after.

Can I choose how many ads are displayed?

Yup!

Google AdSense has a control where you can manage whether a few ads are displayed on your blog or whether you want a lot to show.

I personally have a balanced display so that my readers can still enjoy my content.

Read: 10 easy ways to exponentially increase blog traffic

#4. Leverage Artistic Skills

Ever wonder why Kanye West makes more money than the president of the United States?

Or maybe why athletes make significantly more money than a doctor?

That’s because the president of the United States and doctors all earn linear income.

Presidents and doctors trade their time for money while artists and athletes earn leveraged income through royalties from their craft.

Earn Leveraged Income With Music and Art
Leverage Income Ideas – easy ways to make money – how to make money online

Songs are a massive way artists and musicians can use leverage.

They do this through the number of followers and fans they’ve accumulated.

One song can earn an artist hundreds if not thousands of dollars from just streams. Independent artists can do this too.

Can independent artists make money from streams as well?

Yes.

All independent artists need is to upload their music through a music distributer.

A music distributor will then take care of putting your content out on Spotify, Apple Music, iHeartRadio, Tidal, and other major platforms.

How can I get my music on all major platforms?

DistroKid leverage income

Independent artists can use DistroKid.

DistroKid is the easiest way for artists and musicians to get streamed on the biggest music platforms and getting your music on Spotify and Apple Music.

Once your music is distributed throughout Spotify and Apple Music, you will start getting paid as soon as people begin listening to your music.

If you’ve been uploading you tunes to SoundCloud, Reverbnation, or YouTube, this is the next step.

You’re already getting plays on those platforms – now start getting paid for them though DistroKid.

How much does it cost to distribute my music?

Distributing your music with DistroKid only costs $19.99/year.

This subscription fee allows you to upload unlimited singles and albums throughout the year.

Other competitors charge you per song or album.

Luckily, our readers save 7% when they sign up using our affiliate link here.

Music is the perfect leverage income tool

Because music can be played over and over, this makes it the perfect leverage income tool.

If you find yourself getting playlisted in large curated playlists, you can earn hundred to thousands of dollars with just one track!

Now imagine you put out a demo or an entire album.. yup. That’s the power of leverage income.

#5. Automate a Product / Service

You can create a product or service that people can continuously download and buy and earn leveraged income that way.

Here’s a perfect example:

Andrei Jikh, a personal finance youtuber, created a spreadsheet that tracks the performance and changes of your stocks in the market.

He created this product once and is now available for anyone to buy and download on his Patreon.

This is just one of many great ways to earn leveraged income through the use of a product or service.

You can also create and sell exclusive courses on your website or blog.

Entrepreneurs are selling courses on marketing, social media, content creating, sales, and wealth building.

earn leveraged income with fiverr
Leverage Income Ideas – how to make money online

Ever heard of Fiverr?

Fiverr lets you teach all sort of things online.

People are using Fiverr to teach others how to speak a different language, providing DIY videos, teaching people about animation, and so much more!

You can essentially create one time videos or episodes and sell them to people seeking help or answers to their questions.

You can sell these multiple times just from creating them once!

Is Fiverr free to use?

You can create your Fiverr account for free and begin using other peoples services or start selling yours!

The way you can use Fiverr to leverage income is by creating a video or template that others can guide themselves from.

You can literally sell the same marketing templates to multiple businesses looking for what you have to offer.

What’s Stopping You from Earning Leveraged Income?

Earn leveraged income
Leverage income ideas – how to make money online

If you’re serious about earning money in your sleep then you’ll need to start to earn leveraged income, which is a form of passive income only better.

For you to accomplish monetizing online you’ll need to treat every platform and venture as a business.

Create your online business sooner than later because it will take time to build an audience and for monetization to really pay off.

The sooner you start this process the sooner your online business will bear fruit.

Read: 5 amazing ways you can secure your family financially

I’d Love to Hear From You!

franknez.com

Let me know in the comments section below what you’re doing to earn leveraged income or how you would like to earn leveraged income.

More ways on how to earn leveraged income coming soon!

Twitter | Instagram | Facebook | Patreon 🎉


Blog Like a Champ in 2023: Easy Beginners Guide

Blog like a champ in 2021: Easy Beginners Guide
Starting a blog is fun and adventurous, here’s how to become a full-time blogger.

Blogging is an amazing way to provide useful information to the world and can feel very rewarding and fulfilling.

It allows us to provide our expertise, opinions, and experience to people all around the world.

Not only that but we get to earn passive income no matter where we are in the world.

I’m going to touch base on topics people blog about as well as my personal favorite things about blogging.

If you’re thinking of starting your very own blog this is no coincidence my friend.

This post was written specifically for you. Here’s how to blog like a champ in 2023!

franknez.com

Lets get started!

Find Your Niche First

The first thing you’re going to want to lock down before physically starting your blog is finding your niche.

Your niche should be something you’re good at and can write about fairly easily.

You’re usually very knowledgeable in this area and have a passion for it.

Mine for example is business and finances.

I love business because of the creating process it takes to turn an idea into a reality.

The challenge of managing finances has also made personal financing one my obsessions.

The amazing thing about blogging is you get to provide people with loads of useful information and help.

Do some research to see what sectors dominate the blogging world to gain statistics on your audience.

franknez.com
blog

Here are some blogging ideas:

  • Travel
  • Food & Recipe
  • Entertainment & News
  • Automotive
  • Health & Well-being
  • Mom & dad lifestyle
  • Gardening
  • Sewing & knitting
  • Fashion & Makeup
  • College life
  • Technology
  • Finance & Business
  • Product Reviews
  • Paranormal / Metaphysical

People are blogging about just anything. Find your niche and express your thoughts!

If you’re a teacher, write about your profession.

I’m sure there’s countless stories you can tell.

Tips even to other teachers!

That’s the point my fellow readers. I

t’s to put your experience online and for others to relate to and gain knowledge from you.

You can do this with anything, I promise.

When I first started my blog I had a blast writing my first batch of posts.

The ideas were overflowing and I couldn’t see myself not doing this moving forward.

Reasons why you should start your own blog

I personally believe everyone should start their own blog.

A blog can provide you with a lifestyle like no other.

Here’s a small list of key reasons why more people should start today:

  1. You have some sort of skill or expertise to share with the world
  2. Your knowledge can answer people’s questions and help them grow
  3. You can monetize your blog with ads and get paid passively every month
  4. Blogging allows you to express your thoughts and opinions
  5. Get paid on the move, while you travel, and while you sleep

Why I personally love blogging

  • One thing my blog allows me to do is to earn passive income no matter what I’m doing at any time of the day. This is primarily thanks running ads on my website. This is certainly a perk to running a blog.
  • I get a lot of joy from providing value in people’s lives. I genuinely love to serve people. Blogging allows me to be of help and it just feels good!
  • Writing is my passion. Whether it’s poetry, music, or advise, I simply love to write. It’s in my blood what can I say? Words are amazing.
  • Blogging allows me to clear my thoughts. In some ways it’s a form of venting.

Blogging is super easy when you have the right tools.

I’m going to walk you through and provide you with the knowledge you need to build an awesome blog people can talk about.

Lets get started!

#1. Use A Reputable Webhost Service To Blog

Use Bluehost For your blog

This key action will determine just how professional, creative, and even successful your blog has a chance of becoming.

Bluehost is one of the largest webhosting companies hosting over 2 million domains worldwide!

It’s also the number 1 recommended webhost service for blogging by WordPress.

What’s great about Bluehost is that it allows you to create an amazing platform for all of your blogging needs.

It’s easy to use layout and tools make it a leader in its segment.

I personally use Bluehost and I couldn’t be happier.

Everything about Bluehost is professional and easy-to-use.

So, what makes Bluehost great for blogging?

Bluehost has many benefits for bloggers.

One, is the ability to preview your posts and pages during editing.

This makes it very convenient to look at your website from an outside perspective before publishing it.

Other great benefits include:

  • Easy-to-use interface
  • Awesome themes
  • Professional layout
  • Free mailing list for your readers
  • Tons of helpful plugins
  • Integrated writing and post suggestions for SEO
  • Realtime traffic statistics
  • Super affordable
  • Amazing reputation

My blog looked nothing like what it looks today.

It’s currently branded and structured to my personal liking.

But, wanna know something crazy?

It looked pretty cool even as a new blog. That’s what I really liked about Bluehost from the get go.

It allowed me to start a presentable website even as a beginner.

Best Web Host Provider For Blog - Franknez.com | Bluehost

Bluehost is going to provide you with everything you basically need to make your blog a success.

You’ll just have to be consistent to see the results you set for your blogging goals.

We’ll talk more about that a little later.

#2. Choose a Plan That Fits Your Needs

Choose a plant that fits your blog
How to start a blog with Bluehost

You’ll need to choose a plan from Bluehost before you can officially start your blog. Choose the best plan for your goals then choose your domain (e.g. franknez.com).

Each plan will also have a free SSL Certificate which basically means no matter which plan you go with, your website will be secured for your readers!

Now, this is VERY important.

Blogging will require you to have a secured site for your readers.

Which is the best plan?

Plus seems to be a great value considering you get everything Pro gets with the exception of high performance.

Standard performance is adequate for a beginner.

Next is your domain name.

This is what will establish your blog on the internet as a legit website to the world.

Choosing your blog/domain name is a lot of fun.

This is what’s going to differentiate you from everyone else.

Make it personal and mold it to your niche topic. Make it you.

Finish setting up your account information before getting on with some more fun steps!

#3. Get Creative | Pick a Theme For Your Blog

Pick A Theme For your blog with Bluehost
Bluehost provides an amazing selection of themes for your website!

Your blog is the perfect platform for you to get creative, even if your topic is more conservative.

Get creative with the way you format your posts and with the design of your website.

Stand out from other bloggers writing in the same niche as you.

Create a presence your audience will remember.

Be sure everything about your blog stands out as being genuine.

This is a great way for your blog to connect with your readers.

Bluehost has so many cool themes you can choose from.

They do an outstanding job at being able to filter them according to the type of blog you’ll be publishing.

This is a very fun part of the process.

Can I edit the themes?

Yes! You can can edit the themes and move just about anything around to personalize your blog.

You can add menus, change your header image and colors, and add a ton of widgets just about anywhere on your page.

You’ll also be able to change the web address icon image for your website which is super cool.

All the themes are free, however; you can opt out for the premium versions where you can customize your page even more.

This small reinvestment can enhance your blog to the max!

Bluehost has themes for everyone

Bluehost has a variety of themes ranging from:

  • Singer, songwriters, artists, and DJs
  • Business
  • Spas, hotels, travel agents, travel bloggers
  • Magazine and journalists
  • Trends + more

You can read about each of these on Bluehost’s page here.

#4. Log into WordPress

Once you’ve set up your account, log into WordPress to begin creating your very first blog post!

It doesn’t take long to familiarize yourself with Bluehost/WordPress home page.

You’re not going to believe how easy it is to navigate this page.

Here you’ll be able to view your website stats and traffic along with many other awesome features to help you grow your blog.

Read: How To Draw Organic Traffic To Your Blog

Installing plugins on WordPress

Because Bluehost is integrated with WordPress, installing plugins is super easy.

Plugins are applications that can help your blog either run smoother, or more efficiently depending on what you’re aiming to accomplish.

Here’s a list of must-have plugins for all beginners:

  1. Jetpack by WordPress: Bluehost comes with this plugin already installed. Jetpack allows you to see real-time traffic stats. You can view your monthly progress and yearly growth with this plugin!
  2. Social Warfare: This plugin displays social icons on all your blog posts so your readers can share them! You also have the option to display the number of social shares each social icon has received.
  3. Yoast SEO: Also part of Bluehost members, Yoast SEO is a great plugin to amplify your Search Engine Optimization. This plugin will give you suggestions to improve your blog to get the most out of it!

WordPress comments

WordPress allows you to approve, deny, spam, and trash new comments.

This configuration is very helpful because it allows you to choose what type of content can be displayed on your blog.

WordPress comments also let you reply and edit your response quickly without leaving your dashboard.

As a new blogger, aim to receive as many comments as you can.

This is going to tell Google that your blog post is relevant and highly valuable.

A great way to get people to comment on your posts is to join Facebook blog groups and engage with other bloggers.

You can also join Twitter feeds where bloggers get together and engage in each others posts to show support.

These strategies allow bloggers to help one another and gain some traction.

Google Site integration

Google Site integration with WordPress

WordPress gives you an overview to Google Site.

Here you can view your traffic broken down by organic search, direct, social, referral, and other.

These insights are help you understand where your traffic is coming from and allows you to make any assessment towards your blog goals.

You can also hover over to the locations and devices tabs to see those stats as well!

#5. Set Goals for Your Blog

Once you have access to all the tools you need to build your blog, start setting your goals.

Blogging like a champ will require you to set awesome milestones for your baby!

How many times do you plan on posting?

How do you plan on driving traffic?

Write a small business plan to break down your goals.

If one of your goals is to make money, write down how you plan on making money with your blog.

One of the most popular ways to earn money blogging is through the use of ads.

Google AdSense for your blog goal
How to become a full time blogger | How to monetize a blog.

Google AdSense is most bloggers favorite choice due to it’s reputation of having the highest paying ads and overall domination in its sector.

Read: How to monetize your blog with Google AdSense.

Here are simple goals you can set for your blog:

  • Getting your first 100 blog post views
  • Publishing your first 10 blog posts
  • Creating a logo for your website
  • Opening social media accounts for your blog
  • Monetizing your blog with Ads

Once you’ve reached your starter goals, you can begin to set bigger goals for your blog.

Maybe you’re looking to reach your first 1,000 views now and so on.

Never stop setting goals for your blog!

What if you’re rejected by Google AdSense?

Do not feel discouraged if you get rejected by Google AdSense. Let it drive you instead.

Fun fact: Google AdSense rejected my blog about 6 times before I was finally deemed valuable enough to display ads on my site.

The good thing is that Google AdSense will tell you why they rejected your blog from displaying ads.

At least for the most part.

They actually stopped advising why after the fourth rejection.

But you know what?

I kept pushing because I had specific goals for my blog and monetizing it was a big one.

So, after going back and fixing everything I needed to and continuously putting an effort to provide value, I finally got approved.

How long did it take to get approved by Google AdSense?

It personally took me 1 solid month of non-stop grind.

I wanted to monetize my blog as early as I could so that I wouldn’t have to worry about it later one once I began to gain momentum (whenever it would be).

Now, this does not mean it has to take you 1 month as well.

We all work on our blogs at a different pace.

I chose to work on my blog every day after work from 7pm to 12am because of how long I actually worked (7:30am-6pm).

There were times where I would work on my blog past 12am. The weekends were no exception either.

Everyone’s schedule is different.

Whether it’s one week, one month, or one year, find the time to make it happen.

I’m proof that it’s doable no matter how many times you get rejected.

How much does Google AdSense earn a blog?

Blogs only make a decent amount of money based on how much traffic they drive to the site.

Google AdSense pays you two ways:

  1. By the number of viewers your blog obtains
  2. And by the number of clicks your ads receive

Advertisement money is also going to depend on your CTR, CPC, Page CTR, and other metrics.

As your blog gains traffic, your chances of earning more money increases.

See, the thing is that Google AdSense earnings actually snowball.

This means that the more you keep the momentum going, the more you actually earn.

I went from earning gumball machine money to coffee money.

Then to Taco Bell money and eventually to utility bill money.

If you can earn $0.01 online then you can earn $1.00 and so on.

I didn’t begin earning $100s until a few of my blog posts actually gained traction.

Read: How to make a blog post go viral (45k views in one month)

#6. Promote your blog on social media

Promote Your Blog on Social Media
Promote Your Blog With Everyone!

A great way to promote your blog is through the use of social media platforms.

One way I promote my posts is by taking screen shots of a new posts and uploading them onto my snapchat, Instagram, Facebook, and even Twitter stories.

Promoting your blog on social media will allow your website to gain traffic.

This is going to be very important in the beginning because your blog will take time to rank on google on its own.

The goal is to drive a lot of direct and referral traffic in order for the algorithm to start showing your website to organic viewers outside your circle.

Tip: Get your friends and followers to share your links to drive engagement and optimization.

Use hashtags to optimize growth

use hashtags to optimize growth

The best social media platforms I’ve found have the best hashtag growth potential are Facebook and Twitter.

When you share a post on Facebook be sure to use tags.

This will spread your post to a variety of groups.

Same with Twitter.

Social media hack: after about a week of publishing a post on social media, comment the same hashtags on the comment section of your post.

This will renew your post and put you at the top of your topics!

How to reach 1,000 followers on social media

One of my long-term goals for FrankNez social media accounts was to reach 1,000 followers.

I set this goal because I knew that at this point I would have driven a good amount of traffic to my blog and it really just signified that I stuck to my goals.

After 16 months I finally reached 1,000+ followers on Twitter and I’m actually 70 followers shy of 1,000 on Instagram.

Social media hacks for blog growth

I want to provide my readers with a ton of value so they too can grow their social media following and optimize growth for their blog.

Here are some hacks that can help you along the way:

  • Go to relevant hashtags and like a ton of peoples tweets
  • Do the same on Instagram but over on the ‘Recent’ posts instead of ‘Top’ posts
  • Comment on Instagram ‘Recent’ posts as well
  • Go through top Instagram post comments and like ‘heart’ peoples comments
  • Put your blog link on the bio of all your social media accounts
  • Create content (posts) that will lead your followers straight to your blog
  • Retweet relevant and helpful posts
  • Visit your followers followers and like their content

A lot of these hacks are meant to build awareness.

The point is to be seen by as many people as possible.

Having your website link on your bio is going to allow curious visitors to want to learn more about you.

This is why it’s important that you engage with related pages and content.

People who like your content will follow you.

At this point it’s up to you to stay active and be consistent.

Failure in doing so will result in losing followers just as quick as you received them.

#7. Revise older posts

There’s going to come a point when your posts begin to age.

My suggestion to you is to revise older posts to make them even better.

At the very beginning of your blogging journey you’re going to eventually go back to older blog posts and see where you could have added more detail or information.

This is great!

Go though your posts every two months or so and see how you can ‘armor up’ to make them rank higher.

You might even find yourself changing the title of your post.

The point is to keep getting better.

Tip: I will say, shoot for writing long posts.

It will improve your SEO and chance of being found organically on search engines.

Never stop improving champ, you got this.

Should I delete old posts?

I’m going to be honest with you.

I’ve only deleted a few.

What I would do is go back and really take the time to improve a post and make it as detailed as possible.

Go big!

Aim for high word usage so your blog post can rank in its segment.

Take as much as you need to really power up a targeted post.

Once you’re certain your blog post will rank higher move on to the next one.

If the views don’t improve for these revised posts, figure out what you can do to rank and start seeing more organic traffic flow your way.

Chances are if you write a lengthy blog post and aren’t ranking well then it’s more than likely saturated.

Meaning a ton of bloggers have already covered the topic.

If you run into this problem, keep updating and making it better throughout the months.

Find ways to give your blog post character and make it stand out from everything else that’s out there.

Sure it may be hard to rank for certain keywords but at least you have a detailed post that is continuously being updated to provide more value.

In the end, you might just end up ranking out of the blue.

That’s what hard work does.

#8. Be Consistent

Like any business, art, sport, or dream, you must have perseverance if you are to accomplish a set of goals for your blog.

Be consistent by continuously posting and sharing your information throughout your social media.

Tip: Keep tabs on how your website is performing to see what you need to work on and how you can do it better.

If your blog gets approved by Google AdSense, be sure not to slow down your productivity.

On the contrary, this is the time where you want to put in even more effort than what it took to get approved in the first place.

Blogging can become an amazing source of passive income but will require a lot of discipline and dedication.

Put in the amount of work your goals require from you to see them through.

This creative process is a process.

Becoming a great blogger takes time.

If you find yourself for any reason derailing from publishing, go back to your goal list and see why you started in the first place.

Is it for the income? The freedom? Stay focused and make it happen!

What if I start to lose motivation to blog?

Although blogging can be an amazing escape, it can also be a little overwhelming.

Especially when you’re treating it like a business and have big goals for your blog.

Sometimes we tend to lose motivation and steer from publishing fresh content.

Believe me I’ve been there.

What’s helped me along the way is knowing when to take time off and refresh.

You’re going to want to avoid burning out.

When you burn out you don’t perform at your full potential and creativity seems to fly out the window.

Here are some ways you can regain your motivation to blog again:

  • Revisit your goals and see why you started in the first place. Was it for the freedom to make money and travel? Are you looking to quit your 9-5?
  • Searching for high income bloggers personally motivated me when I was feeling down about my own progress as a beginner. This showed me what was possible.
  • If you’re having writers block, take a few days off and do things outside your blog that you truly enjoy. In my case, I would write music to help spark my creativity again. I also did a lot of studying and reading to recollect my thoughts when on the brink of burning out.
  • Watch/listen to motivational speakers. Some of my favorite motivational speakers include Grant Cardone, Steve Harvey, Tony Robins, and Gary Vaynerchuck.
  • Spend time with your family. Connect with your loved ones as a means of getting away from constant work. It’s okay to take a little time off blogging.

If you get back on your feet after a burnout, that discipline and willpower is what’s going to manifest your success as a blogger.

I can honestly say that consistency is what allowed me to reach my first 100 views, then 1,000, then 10,000, and now my first 100K+ views.

All it takes is truly wanting it.

Tips for Growing Your Blog

  • Publish Content regularly
  • Create high quality content
  • Share every post on social media
  • Consistently update your SEO
  • Revisit old posts and make them better
  • Grow your newsletter
  • Provide outstanding value to your readers
  • Monetize your website
  • Get people engaged

Read: 10 Easy Ways To Exponentially Increase Blog Traffic

BLOG FAQs

Below are some questions most people tend to ask regarding blogging. If you have other questions, feel free to comment on the blog or personally send me an email!

Is blogging dead?

Absolutely not. In fact, blogging is now more popular than ever before. According to Letter.ly, 7.5 million blog posts are published every day.

When you look something up on Google, chances are you’re more than likely going to stumble on a blog that’s going to answer your question.

Blogs are continuously growing despite people thinking blogging is dead.

Why do blogs fail?

Like any entrepreneurship endeavor, blogs fail due to bloggers quitting. It’s usually people who stop innovating or possibly should have used another niche.

Blogs need to be published by experts or people highly knowledgeable in a specific niche.

Other reasons include:

  • Not learning every day
  • Avoiding leaving the comfort zone
  • Using the wrong webhost provider
  • Not dedicating any time to update their website
  • Forgetting about what the audience needs
  • Lack of creativity
  • Not having goals to optimize growth
  • Never posting on social media

Often times the reason for failure is not being committed. As long as you’re committed to your growth then you will succeed!

How often should I blog?

Beginners should publish new posts on a weekly basis to gain some sort of traction.

You will need to have some content on your website in order to provide value to new visitors.

Publish quality content oppose to quantity content.

This will ensure your posts rank on Google’s search engine.

As you become more experienced, you’ll want to go back to your old posts and really work on them to the point where they begin to rank higher.

I’m at the stage where I’m publishing fewer posts but writing longer and more detailed content for my readers.

The goal moving forward is to revisit my older content and give a refresh for the new year.

This is going to help my SEO and rank higher on Google and other search engines.

In the beginning, blog enough to provide a catalog of posts to your readers.

How many posts does Franknez.com publish per month?

I’ve been blogging for 3 years now.

In 2022, I published anywhere between 20-40 articles per month.

Sometimes it’s less, other times it’s more.

How long should my blog posts be?

WordPress and Yoast SEO recommend your blog posts are no less than 300 words.

But let’s be real, you don’t ever want to do the minimum.

Especially if you’re aiming to blog like a champ!

If you’re new to writing this is going to be a little difficult.

Try starting off with a minimum of 500 words.

Shoot for 700 if you have experience writing.

With time you’ll see that you can write more detailed posts as you gain more and more experience throughout your blogging journey.

Eventually set a goal to write on average 1,000 words per post.

As you learn more about ranking and SEO you’ll find out most high ranking posts actually contain over 2,000 words!

If you’re a beginner, don’t feel discouraged.

All this takes practice and time.

What can I do to make my blog posts longer?

Here’s something that I’ve done on my long form blog posts.

Once I’ve published a lengthy article without burning out, I come back to it.

Sometimes it’s the following day, other times it’s in a week or a month.

If I’m covering an important story that requires to be updated frequently then it will be updated consistently.

Blog posts like this one, I’ve tend to come back to include even more value by answering questions you might have.

It’s really a matter of coming back to a published post and adding more value.

Does my blog really need a newsletter?

A newsletter is going to help your blog in so many ways.

You can share new blog posts with your subscribers.

If you have more value to provide such as products or services, you can always let them know too.

A newsletter also helps your SEO.

When you email blog post links to your subscribers, you generate a backlink.

This let’s Google and other search engines know that your link is being shared and actively clicked on from various of locations and emails.

As a blogger, I am committed to my readers.

I love emailing every single one of them regarding posts or news I know will help them in one form or another.

I also get a strong sense of fulfillment knowing I’m in a position to provide tons of value to other goal-oriented individuals in my circle.

Yes. I believe a blog really does need a newsletter.

As a blogger, your readers should be your number one priority and you should always be looking for ways to further provide value to their lives.

Our job is to enhance our readers lives.

Have you joined my newsletter?

Franknez.com

Another thing I love about my blog is connecting with likeminded individuals.

There’s something very pleasant about spending the evening sending out emails one on one to my subscribers.

Depending on which blog post you subscribed on, I will send you personally tailored posts that you will find of value.

So if you subscribe here you’ll receive posts on how to monetize your blog and other blogging tips to help you grow!

How does a blog make money?

There are several ways a blog can earn you money.

We’ve talked a little bit of monetizing your blog with ads.

Other opportunities include:

  • Affiliate marketing
  • Sponsored posts
  • Self promotion
  • Selling programs via. video or eBook

Affiliate marketing: your blog can promote/recommend products that you use to your readers. You earn a commission for every sale closed.

Sponsored posts: people can pay you to feature them on a particular blog post.

Self promotion: You can promote your tangible business on blog posts that can generate leads.

Selling programs: Sell your eBook on your blog or other courses that can help your readers become more successful.

Here’s how I’ve used these all in 1 blog post

On my blog post, How to distribute your music on all major platforms, I use four out of these five strategies to earn money through my blog.

Here I show independent artists how to earn passive income through streams.

On this blog post you’ll see my recommended music distributor (affiliate marketing), self promotion (my music), video in sponsored post format, and by ads.

That blog post earns money from ads.

It also has the potential to make money from possible streams, readers signing up using the affiliate link, and requests wanting promotion.

Blog posts like these create value all-around.

Have any questions? Get in contact

If you have any questions feel free to leave a comment below or personally email me.

You can find my contact information at the bottom of my post. Connect with me on Twitter, Instagram, or Facebook!

You can also support the blog on Patreon (250 Members Challenge!) 🎉


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I Want To Hear From You!

Let me know in the comments section below if you’ve started blogging yet. Our readers would love to hear from your experience. And if so, what is your niche?


Debt Sucks: Here’s How To Pay Off Thousands In Debt

Debt Sucks Here's How To Pay Off Thousands In Debt
Stress free view

Whether you’re in debt with credit cards, student loans, car notes, or house loans, we all have some form of debt.

The thought of paying off your debt might seem stressful at first but imagine what a debt free life could mean for you.

Debt keeps us from saving money, investing it, and reaching financial freedom.

So, what’s the best method to eliminate debt?

The Snowball Effect

Payoff Debt With The Snowball Effect
Snow!

There are a few proven methods to paying off debt. We favor the snowball effect method due to its quick momentum and effective results.

This is how it works

You start by paying down your smallest accounts first while making minimum payments on the rest of them.

The approach is to eliminate your smallest debt aggressively. Once you’ve paid off your smallest account, rollover that payment onto your next account.

By the time you’re paying off your third account, the amount equivalent to your monthly payments from the first two will have a drastic effect moving forward on your outstanding balances.

Avoid This Mistake To Stay Debt Free

Avoid Income Creep to stay debt free
Don’t spend more as you earn more

In order for the snowball effect to build momentum, you must be consistent and not divert from rolling over once your first debt has been eliminated.

Most people will fill in the space with something else once they’ve paid off their car or credit cards for example.

This spending habit pulls you back to a never-ending cycle.

Remember, once you’re debt free all that disposable income is yours to enjoy. Save it, grow it by investing, and enjoy it!

Don’t let income creep lifestyle keep you from reaching your financial goals.

This is how people making six figures a year can be in financial ruin just as much as anyone making five figures.

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

Generate More Income To Tackle Debt

Generate more income to tackle debt

Everyone has very different financial situations or worlds.

Create a world where you’re earning a little bit more than what you were in order to apply this additional income towards your debt.

Check out “These Are The Best Side Hustles For Millennials in 2020” to read about the best side hustles that can earn you additional income this year to make it happen.

Continuously work towards earning more income to pay off your debt more aggressively.

The sooner you payoff one debt, the sooner you can move on to the next while eliminating accruing interest.

Create A Budget

Create a budget to tackle debt

Use a loan calculator for your student loans to understand and save better on bigger payments, as well as finding areas you can budget for, such as junk food, streaming services, and other non-essentials.

You’d be surprised at how much you can save a week by meal prepping instead of eating out daily.

Write down your expenses and see where you can cut back. This strategy will help you not only develop a winner habit but play an important role in your journey to a debt free life.

Mint is a great app that breaks down your expenses and allows you to have an overview on all your account balances.

It Takes Discipline

The fact that you’re here shows your willingness to make this incredible change in your life.

Financial freedom is an amazing experience we all deserve a chance to.

Realistically, only by taking the necessary actions to see our goals through will we truly reach a debt free life.

It’s time to live in the moment and focus on the things that truly matter to us the most.

Be consistent, stay on top of your goal, you have the power to do this.

Read: 10 Successful Ways To Save Money During A Recession

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My Top Picks of Stocks to Invest in Right Now

Stocks to invest in today
Stocks to invest in right now
Stocks to invest in this week
Best stocks to invest in long term

I’ve found a fortune! And I want to share it with you. These stocks have allowed me to profit and snowball my investments within as little as a year. I understand stock picking can be quite difficult. Sometimes you just need someone to provide you with a list of stocks that has worked for them. Here are my top picks of stocks to invest in right now.

If you’re new to the investing world and haven’t started, bookmark this post on how to invest in the stock market (step by step) for beginners.

franknez.com

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

Lets get started!

These stocks have allowed me to diversify my portfolio very well.

You’ll get my favorite index fund, favorite ETF, and favorite REIT.

Adding these stocks to your arsenal will proof to balance your investing portfolio out a little more.

I’ve been invested in the stock market since 2019 and have noted that these picks have been a strong foundation in my portfolio.

Often times when other stocks were down, these were up.

Let’s dive right into it.

#1. EMR – Emerson Electric Co.

Emerson Electric Co. Stock

Emerson Electric Co. is an American multinational corporation that manufactures electric motors using their own patent.

The company became the first to sell electric fans in the U.S and expanded its product line to electric sewing machines, electric dental drills, and power tools.

EMR basically produces electric motors for every type of business and necessity you can think of.

Dividend Yield: 2.1%

This is a great stock to invest in because electric motors are always going to be needed.

As our society continues to innovate, electric motors will continue to play a very important role.

EMR Emerson Electric Co stock chart

EMR Annual Return

Emerson Electric Co. has an average annual return of 9%.

They are also involved in all sort of industries including automotive, life sciences & medical, water & waste, industrial energy, marine, and food & beverage just to name a few. Innovation?

They’re currently involved in several stem projects too.

#2. GPC – Genuine Parts Co.

GPC Stock Genuine Parts Company Napa Stock

Genuine Parts Company is an American service organization that distributes automotive replacement parts, industrial replacement parts, office products and electrical goods.

Parts are sold under the NAPA brand in North America.

Dividend Yield: 3%

GPC is great because cars aren’t going anywhere anytime soon. As cars evolve, this auto parts company will continue to manufacture and distribute parts.

GPC Genuine Parts Co. Nappa Auto Parts Stock Graph

GPC Annual Return

Genuine Parts Co. stock has seen an annual return ranging from 7% to 15%.

GPC has more than 10,000 locations in 14 countries and employs approximately 50,000 people.

75% of GPC’s sales come from North America, 15% from Europe, and 10% from Australia.

#3. VNQ – Vanguard Real Estate (REIT)

VNQ Real Estate REIT stock

VNQ invests in stocks issued by real estate investment trusts (REIT’s), companies that purchase office buildings, hotels, and other real property.

Dividend Yield: 3.65%

The real estate market has been HOT recently.

It’s a sellers’ market at the moment

. With property selling almost instantaneously this REIT has been performing extremely well recently.

VNQ Vanguard Real Estate REIT stock

VNQ Annual Return

VNQ’s annual yield has varied with some years reaching up to 30%.

Its history also shows annual yields between 5%-8%.

This investment seeks to provide a high level of income.

#4. VOO – S&P500

VOO S&P500 Index Fund Warren Buffett

This Vanguard ETF invests in stocks within the S&P500, representing 500 of the largest U.S companies.

Companies in the S&P500 include Apple, Tesla, Johnson & Johnson, Walt Disney, Netflix, and Coca-Cola to name a few.

You can see all the companies in this index fund in the link at the end of this article.

Dividend Yield: 1.39%

The S&P is one of the best index funds in the market.

Warren Buffett himself is a huge fan.

Fun fact: his trustee is expected to receive all of Warren’s assets with 90% of his stock picks moved in the S&P500!

When you own the S&P500 you own a piece of the fortune 500 companies.

Since they are all working and innovating towards being better every year, you can only expect this index funds’ value to go up.

VOO - S&P500 Index Fund

S&P 500 Annual Return

The S&P500’s annual yield has been approximately 10% – 11% since its inception back in 1926.

This is an index fund I’m continuously adding to my position in.

The diversity in companies it holds makes it an attractive stock for both novice and experienced investors.

Bookmark: Fiverr stock could be the next Amazon stock

#5. ESGV (ETF)

ESGV is a Vanguard ETF that invests in the top 10 companies in the U.S.

These companies include Apple, Microsoft, Amazon, Alphabet (Google), Facebook, Tesla, JP Morgan Chase & Co, Visa, Inc., United Health Group, and NVIDIA Corp.

Dividend Yield: 1.06%

Unlike the S&P500, owning this ETF means you own a piece of the top 10 companies in the U.S.

This growth ETF puts the top earners in your portfolio.

This attractive stock only knows up.

The companies in this pool are companies that are constantly innovating. It’s always day one with them.

ESGV Vanguard ETF Stock

ESGV Annual Return

This ETF is relatively new. It was created in 2018 and has gained 24%-31% in annual returns.

This type of investment is meant to provide you with the highest returns possible.

Building your position in this ETF can prove to be a great offense. Very few times you’ll find this ETF on red.

Bookmark these investing tips for beginners.

Bonus Stock

AMC Stock

Have you seen what’s been going on with AMC Entertainment recently?

This stock is set up for a short squeeze.

If you can manage to buy this stock before it takes off then you’ll be able to make a quick trade.

A subcommunity from Reddit who skyrocketed GameStop’s share price also began moving AMC Entertainment.

Well, AMC now has a bigger community due to how much more affordable its stock is than that of GameStop’s.

You can read more about this stock’s short squeeze DD (due diligence) here.

Are you already investing in one of these stocks? Let’s start a conversation.

Leave me a comment below.

Related: Retire a millionaire with the S&P 500: Is it possible?

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Stock Rover Review


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!

Subscribe to the blog for more content like this

franknez.com

Do me a favor and give this blog article a social share if it provided you with any ounce of value.

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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How To Start A Thriving Online Business In 2021!

How to Start a thriving online business 
franknez.com

Most people start an online business as a side hustle to earn an extra income. Whether you’re aiming to provide a service, sell a product, or earn passive income, you can do it all online!

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!

So, What’s The Difference Between an Online Business and a Tangible Business?

An online business does not require tangible assets such as a building, inventory, or team to do business. A tangible business on the other hand usually requires an office, warehouse, team, physical supplies, and overall a much bigger overhead.

With an online business you can earn money online no matter where you are in the world oppose to a tangible business. Most tangible businesses require that you oversee all operations to ensure everyone in your company is doing their part.

Though an online business takes longer to pick up from inception, the long term rewards can be abundant. The upside to this is that you can build a one-man empire. Yup, no overhead meaning higher profit margins!

Can anyone start an online business?

Anyone can start an online business. All you need is the entrepreneurial spirit to spark a startup and begin earning money with your ideas.

Here’s how to do it.

#1. Find Your Niche

First, identify what your online business will be about.

Your niche is the center of it all. Combine your strengths with your interests to see what you can offer to the online world. Your niche should be something you can enjoy doing. If you love to write, publish a blog. If you love apparel, sell it online using eCommerce!

How to start an online business: Find your niche

Many entrepreneurs are finding ways to monetize their talents and skills online.

Find what you’re good at and share it with the marketplace.

Here are some online business ideas

  • Instructing or teaching online using Fiverr
  • Offer reviewing services in a particular niche
  • Provide security tech products online
  • Artwork design services / sell digital art
  • Consulting
  • Marketing & apparel
  • Digitizing / Vectoring / Virtual Mocks
  • Informative content on YouTube or a blog

There’s a ton of online business ideas you can choose from. The one that will benefit you the most is going to be the one that you really enjoy doing.

For example: I love to write. Two of my online businesses have to do with writing. One is in the music industry and the second is this personal finance and entrepreneurship blog.

Most peoples online businesses start off as a hobby but eventually end up generating them money. This usually occurs when you treat your startup like an actual business.

How can I monetize an online business?

If you aren’t selling a product or service you can still make money online. Your online business can review products and link people to the products using affiliated services.

Affiliate services pay you when someone signs up for a service or purchases a product using the affiliate link. This is actually one way bloggers make money from their online business.

What’s amazing about affiliate marketing is that once money starts flowing in it’s all completely passive!

The most common ways to make money from an online business are by:

  • Selling a service or product
  • Advertising businesses (B2B)
  • Providing reviewing and promotional services
  • Implementing affiliate marketing
  • Using advertisements on your web site

The way you earn money from your online business is going to highly depend on what your niche is all about and what you’re going to be providing to the marketplace.

Read: Blog Like a Champ in 2021: Easy Beginners Guide

#2. Identify Your Value

Identify your value online business

Before you start an online business you’ll need to identify your value.

What value will you be providing to the consumer? Are you looking to solve a problem by offering a unique and effective service? Will your product change the way the consumer feels about themselves? How will you improve their lives?

Or, are you looking to entertain or to educate and inform? Identify and understand what value you will be providing to your target market.

Whether you run a tangible business or an online business, you’ll need to provide value to your customers. Learn to identify what it is they need and how to provide an amazing experience.

How can I provide value to my customers?

To provide value means to make a difference in someone else’s life. Some ways you can impact a customer and provide value include:

  • Providing exceptional communication skills
  • Delivering quality work
  • Instilling and emotional drive for the product or service
  • Creating lasting partnerships

Everyone values different things but these are just some of the most effective ways you can provide value to your customers so your online business can reap the rewards.

When you provide value to your customers your online business will begin to thrive.

So now that you’ve figured out your niche and have a pretty well rounded idea of how to provide your customers with value, let’s talk about how to actually set up your online business.

Here’s the fun part.

#3. Build A Website For Your Online Business

Every business should have a website, especially in todays world; however, an online business must have a professional website.

You can use a free web hosting service like WIX if you’re just starting out. This will help you get a feel for what it is to have your service or product displayed online. However, if you’re ready to get serious about your online business you’ll have to purchase your domain for a more professional presentation.

Start a blog with Bluehost

Purchasing your domain is going to be the very first investment you’re going to make in your online business. A thriving online business needs a great webhost provider. For this, we recommend building a website with Bluehost.

Bluehost is the #1 suggested web hosting service by WordPress. They power over 2 million websites worldwide and offer a free domain name for your first year. A professional website is essential for an online business to thrive in the marketplace.

How easy is it to use Bluehost?

Bluehost is super easy to use.

You’ll be surprised to find out that everything you need to run an online business takes very little time to learn with their services. Bluehost’s layout is easy to navigate and the tools become second nature in no time.

Keep in mind that this initial investment is going to be the foundation to your online business empire.

I’ve purchased my domain, what’s next?

Congratulations on achieving your first steps as an entrepreneur. As a marketing and branding expert, this next step is one of my personal favorite parts.

Because Bluehost makes it very easy to build a really cool website, personalizing it to cater to the publics needs is also very easy and fun.

Spend time updating images on your website and really making your platform stand out. Your website should easily demonstrate to its visitors what you have to offer to them.

This is the step where you really get to make your website stand out so get creative!

What if I haven’t branded?

If you haven’t branded yet don’t worry. Focus on your content and on really putting your services out there first. Let people know what you’re doing and what your online business has to offer.

You can brand once you have a clear mindset on where you want to take your online business and have a vision on how it will impact people.

Be sure to check out my network tab to see how your online business can benefit from using other businesses services to grow. Maldonado Graphic Design works with you to create your logo so you can brand your online business.

#4. Promote Your Online Business Using Social Media

So you’ve set up your online business and have an amazing website to showcase your services or products. Now it’s time to market your business to the right people using the best social media outlets for your new business.

Promote your online business using social media

If you’re providing music services make yourself known to artists on Twitter. If you’re selling amazing branded apparel, show off your line on Instagram.

Do you have a service catering to a specific industry? Network with people on LinkedIn. You should learn to identify which social media puts your business in front of the right people. You might already be thinking of a specific platform that could work well for you. And if you don’t, figure out what works and what doesn’t.

Use at least two great means of social media and grow those platforms to simultaneously increase your online businesses presence. It’s not necessary but it helps you with your brand awareness.

How can I thrive online?

Social media is a great platform to get your content out to the right people.

It is necessary for you to understand who your target audience is. Once you figure out who your potential customers are, you’ll be able to present your online services to them at scale.

This will require you to be consistent which brings us to the next topic. How to really thrive online.

Use social media marketing

Publish links to your website and products and services on social media. Distribute some piece of content every day and remain consistent.

Your business must remain active online to stay relevant. Your business will look fresh if you’re actively engaging people online and producing content or sharing links.

This is a crucial part of the process when starting your online business. Get seen.

#5. Always Pitch

Every post, every email, everything you do to catch attention online is your pitch to sell your service or product. So, always pitch.

The moment you stop posting, emailing, engaging, and networking, is the moment you stop taking action to ensure your online business builds momentum and starts earning revenue.

Your business cannot thrive if you stop getting better. Your online business should look and operate way different than when you first started. You won’t find out what changes are necessary to scale until you put in the work every day. Day in, day out.

You’re really going to have to sell yourself. Build your network through social media and grab peoples attention. They must gravitate towards your services through the relationships your online business creates.

Remember when we talked about identifying your value?

Now is the time to demonstrate that value you identified earlier. The marketplace must see this from your online business.

Ask yourself, how can I connect with my audience? How can I excite my online followers so that they give my services or products a chance? How can I attract them to my website?

You will find yourself learning a variety of strategies to earn revenue. Don’t feel discouraged if things are moving slowly. Find out what works for you and keep on keeping on.

Important

Keep pitching until you make your first sale or learn how to monetize your online business. One of the most fulfilling moments is when someone finds the value in your product or service and pays you for it; so be consistent.

#6. Advertise Your Online Business

Advertising is a great way for people to see your business whether it be online or in person. This is one of those other investments that you’ll eventually come across when looking for ways to grow your online business.

You may advertise by paying for Facebook Ads or running Google Ads. A thriving business should always be looking for ways to be seen.

Advertising provides you with an edge over any competition.

Another form of advertising is through the use of decorated apparel.

Companies like Easy Marketing elevate your brand by decorating your logo on hats, shirts, jackets, and all sort of other apparel. You can use this marketing strategy to market to your customers online.

What’s are the benefits of advertising my business?

Imagine going out to a crowded or public place wearing your business logo on a simple cap or shirt. It’s that easy. How about creating a video that generates a ton of views every month? If you’re wearing promotional apparel in your video, your brand awareness is sure to spike.

Exposure is the key to a growing a successful online business.

#7. Get Involved in a Community

Community franknez.com

Establish an authority in your niche topic or industry by getting involved with an online community.

When you become an authority, or leader in your niche, you will be able to scale your business much quicker. Being part of a community is going to attract both customers and viewers to your website.

I used to see this tip everywhere before my blog blew up. I didn’t understand or know how to get involved in a community though. What happened is that I eventually become involved in a sub community that needed my support and guidance. When I provided value to this niche community, my traffic skyrocketed and I was able to scale my blog.

Believe me, you need to find a community you can provide value to.

#8. Register Your Company

Now, most online businesses are just a side hustle. If your online business is expanding rapidly or you’re really looking at the long term goal, you might want to consider registering it through your state; especially if you’re operating full-time and have some sort of tangible items ex: packaging, boxes, etc.

Incorporate for tax benefits and for maximum profits. By registering your online business, you make a bold statement of legitimacy and are able to legally register yourself as a business owner.

Again, this is not total necessary though. You can have a thriving online business without registering it through your state and county.

Never stop setting goals for your startup

Starting and online business is a lot of fun, and believe me it’s a lot of work. I can personally say starting my online businesses have been the best decisions I’ve made in my life.

They’ve taught me what it is to really stick to something when most people would have quit. It really does teach us a lot about ourselves as entrepreneurs.

If you enjoyed this post please be sure to join our newsletter to stay up-to-date on new posts. Keep working towards your dreams and aspirations and remember, never stop setting goals for your online business.

Franknez.com

Read: Online business vs traditional business: Pros & cons

Support the blog on Patreon.

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How To Monetize Your Blog With Google AdSense

How To Monetize Your Website With Google AdSense

Google AdSense is one of the most sought out programs to monetize your website. Its simple ad layout makes it an attractive choice for content creators. Lets break down how you can get approved for Google AdSense and start earning money from your content.

Why Google AdSense?

Google AdSense is super popular because they have the highest paying advertisers.

If you’re looking to monetize your blog then you’re naturally going to want to utilize the best means of producing income through your blog.

Can Anyone Advertise with Google AdSense?

Yes. If your blog or website meet the Google AdSense team’s requirements you will become eligible to start displaying ads such as the ones on this page!

Here are things your blog or website should have in order to get approved by Google AdSense:

Your Niche Should Stand Out

Before you begin to submit to Google AdSense, be sure your website is clear on what it’s about. Your niche should be easy to identify as Google’s team will thoroughly review it and assess the type of category you pertain to.

Avoid branching off into several topics that don’t relate to your niche. Google AdSense will not monetize your blog unless it is categorized properly.

Choose relatable images and accents to demonstrate what kind of blog you’re running visually.

Amazing Website Layout

Use Bluehost to monetize with Google AdSense

The layout of your website is very important. It must be easy to navigate and look professional.

Yellow background and blue text by all means is not an attractive web page. Be sure your website is simple, creative, and easy to use.

We recommend using a web hosting service company like Bluehost where all the tools you need to succeed will become available to you.

Bluehost is optimized for WordPress therefore your content will never come short of looking presentable. The website layouts are also incredible and easy to work with.

If you’re working towards getting your blog monetized by Google AdSense, you’ll need to use a professional webhost provider. And yes, a professional website costs money. This will be your first investment in your blog.

Trust me, it’s worth it.

Privacy Policy Page

A privacy policy is basically a statement that discloses the ways a party gathers, uses, and manages a customer’s or clients data. Your website must contain this information for legal circumstances.

You can find examples online in order to create a page detailing this legal statement on your website. Fortunately, Bluehost creates one for you. You’ll just have to do minor edits and publish it on your website.

If your website has been rejected by Google AdSense, perhaps you’ve come across the AdSense team advising your blog has no privacy policy page. This is essential to monetize your website.

It’s very simple, you can check out ours here.

Quality Content

Monetize with Google AdSense with a quality website

You must put out quality content with tons of value for your readers. Be genuine and think about your audience’s needs first.

The passion behind sharing valuable information to the world is so fulfilling as a content creator. Stay passionate and also get rewarded for it.

It is very important for your content to be original and genuine. If your website is plagiarized or shows little to no effort then it will not be approved for monetization.

Above all, have fun with it and speak directly to your audience!

Here are some ways you can ensure your blog is producing quality content:

  • Check your spelling and grammar
  • Include high quality images
  • Use a reputable webhost provider
  • Provide your readers with an easy -to-navigate layout
  • Use a theme that fits your niche

Lack of quality should be the last thing Google AdSense should be rejecting your blog for. Our suggestion would be to not cut corners.

Invest in your idea and vision. You can do this.

Read: How To Start A Blog In 2020: It’s Super Easy!

Sufficient Content

If your website does not have enough content, Google AdSense will reject your submission. What makes it difficult to get approved is that not only must you create quality content, but you must also create enough content to get recognized by the AdSense team as a serious content creator.

With so much competition out there, you must stand out and demonstrate why you’re worthy to monetize your website. The key is to be consistent.

Don’t rush publishing posts for this reason.

You’re better off taking as much time as you need creating great and useful content. Rushing into the process will only set you back.

How Can I Maintain Consistency?

  • Draft ideas on a blank word document
  • Identify how many times you want to publish a post (e.g. weekly, twice a week, monthly, etc.)
  • Write down your blog goals to stay motivated
  • Draw inspiration from everything and everyone around you

Stay motivated. Most bloggers give up within the first to three months. Keep blogging, and keep reaching your blogging goals!

Website Page Views

Your website must be generating enough traffic for Google AdSense to recognize the value of your content. Advertisers will not place ads on a website with little to no traffic.

Be sure you’re sharing your posts all over your social platforms in order to increase your website views and begin to earn a following. Get as much exposure as possible.

You can publish great content and enough content; however, if you aren’t directing traffic to your blog, Google AdSense will not allow you to monetize your website.

You can increase your traffic by:

  • Promoting daily on social media (Facebook, Instagram, Twitter, LinkedIn)
  • Growing your newsletter
  • Having supporters ‘share’ your content
  • Re-sharing to keep engagement and traction going
  • Consistently writing
  • Updating your SEO
  • Revising old posts
  • Get your posts featured on other blogs

Once your blog gets monetized by Google AdSense you’re going to want to continue taking these actions.

When your blog is running ads, you’ll want to increase your traffic as much as possible in order to make the most from advertisement income.

Readability

Your content must be fairly easy to read. Avoid improper use of grammar and spelling so be sure to always double check and proof read before publishing a new post. Google AdSense will not approve a website with even the slightest errors.

You can use a website like Word Counter to double check your writing before publishing a post to make sure everything looks great. It only takes a second to receive your results!

Contact & About Information

In order to present credibility, your website must contain a contact and about section. Include your email and social media outlets as well as a brief summary of yourself or your website.

Having a contact and about page shows you’re professional and are serious about your content. Readers want to know the person behind the blog so get creative with it!

Your contact info is a requirement to get your blog monetized by Google AdSense make sure you don’t miss it!

Be Consistent

Don’t give up if you get rejected by Google AdSense. You can always resubmit once you’ve fixed the errors detailed on your application.

Every rejection should push you to improve your website in order to reach your goal of monetizing your content. If you get approved instantly, amazing! Keep doing what you’re doing.

Google AdSense will often times advise which areas on your website you must continue to work on. Use these notices to your advantage. It may be easy to feel discouraged if you receive multiple emails from the AdSense team rejecting your application. Just know you’re one step closer to reaching your goal.

If you have any questions please feel free to comment below and I’ll be more than happy to reach out!

Read: Google AdSense Rejected My Blog | Now What?

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6 Strategies To Building Wealth At Any Age!

A lot of you are inspired and motivated to take things to a higher level. By now you’ve realized that time is still on your side so you’re willing to take advantage of it. This is the single most responsible action you can take (especially in your early 20s) in order to achieve long-term financial success. Here are 6 proven strategies to building wealth at any age.

6 Strategies To Building Wealth At Any Age!

High Income Skill

Shift your focus on one source of income that will generate you enough cash flow to exceed your expenses. The goal is to earn as much as your abilities, skills, and knowledge allow you to so never stop learning. The value you bring to a company is the key to unlocking a high income skill. Find the average annual income in your country, now raise the bar for yourself and never settle for average. The higher your income is the more asset you have available as a tool to building wealth.

If you’re a business owner, keep selling!!! Increase your revenue so you may increase your income. Don’t take from the cookie jar if you have not increased your revenue.

Staying Debt Free

Staying debt free is an essential building block to building wealth. If you don’t have any debt at the moment you’re already one step ahead, now keep staying debt free. If you are in debt, begin planning to eliminate this burden as soon as possible. It will be a challenge and it will require discipline. Budget where you have to and apply the extra cashflow from you high income skill towards your debt. You will not be able to build wealth while in debt therefore this is a vital step.

Read:Debt Sucks | Here’s How To Pay Off Thousands In Debt

Live Below Your Means

Live below your means to build wealth

Do not fall for lifestyle/income creep. This occurs when your expenses increase as your income increases. The mistake most people make is spending their entire income which results in living paycheck to paycheck. Live below your means in order to avoid this unnecessary stress.

If you’ve earned a promotion or you’ve increased your sales, don’t use this extra money to blow on increasing your standard of living or materialistic things; it can wait. This practice is called delayed gratification. Instead, use this additional money to save and invest.

Saving Money

If the heading of this third strategy made you feel a little uncomfortable we’re making progress. You’ll have to step out of your comfort zone every time you set a new goal for yourself. Put money in a money market or high yielding savings account. Your hard earned money will multiply through compound interest. I highly suggest reading “The Importance of Creating An Emergency Fund and How To Start” to see how saving money is essential to your financial journey.

By stacking up your Richards you are paying yourself first. You’re not giving your money to a,b,c, & d companies anymore. You’re give it to yourself! It’s what you do with this money that ultimately makes it worth setting it aside. Grant Cardone says money is useless unless you use it. So use it by making money work for you.

Investing Money

Now this is the fun part! You’ve established a high income skill and you’re living below your means debt free; now it’s time to put your money to work for you. Do your research like your life depends on it to see which form of investment is best for you. Do your homework and study this as it will require a high level of confidence to buy assets that will both increase and decrease in value depending on the markets performance.

Your assets are your wealth. The more assets and less liabilities you have the more your net worth increases. Stocks can yield enough annual percentage to duplicate your money over a long-term period of time resulting in more assets. The more money you invest, the higher the return. It is important to understand that money you have to invest must be money you’re willing to lose as well. All investments have some sort of risk factor whether it be low or high. For this reason, it is necessary to be out of debt. Any loss you face will be only but a small dent in your pocket. Here are some ways you can invest your money:

  • Stocks / Bonds
  • REIT’s (Real Estate Investment Trust)
  • Real Estate (Property)
  • Businesses (Partnering up with people – Be the capital people need in order to start a business in order to earn a percentage of the companies profit.)

Earn Passive Income

This sixth strategy towards building wealth is a fun challenge. Determine what niche can earn you passive income at all times no matter where you are in the world. Use your high income skill to continuously grow this stream of income in order to provide a consistent cash flow which you can also use to invest. Your business mindset might establish a couple of these resulting in multiple streams of income. As Grant Cardone says, success is taken, not received. Here are a number of ways you can earn passive income:

  • Rental Property (Real Estate, Property Owner, Airbnb, Storage Rental)
  • Money Market Account or High-Yield Savings Account
  • Paid-Out Dividends
  • YouTube (Monetized)
  • Blogging (Ads, Affiliate Programs, Courses, Product)
  • Business Partnership Contracts

For more details on these subjects read: Earn Passive Income With These 5 Guaranteed Strategies.

Be Consistent

Build Wealth By being consistent

Keep increasing your income and continue to invest over a long period of time. Take advantage of your age and think about where you want to be in the next 10-20 years from now because it starts with what you do today. As long as you keep increasing your income, saving & investing, and living below your mean, you will have the power to build wealth at any age in your lifetime.

Yes, building wealth takes time. Nothing great happens overnight. Building wealth is something you must continuously keep working on. Every challenge you encounter will require a better version of yourself in order to find solutions to the problems you face. Your habits, hard work, and financial discipline will determine the course of your financial future. Keep learning, keep innovating, keep making it happen. Your future self will thank you one day.

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