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Showing posts from August, 2020

Passive Income Idea: 📚➡💵 Collect Book Royalties!

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By Miguel Dos Anjos  Hello everyone. This is a passive income source idea where you need no money to start. Write a book. Publish it completely free and collect royalties on each sale. I don’t work for KDP or Amazon. They are not paying me to say this. I am just sharing with you what I did and do and my experience.   1- Write the Book      I had a dream to write a book but never wrote it because it used to be expensive to publish, and had to put it on store bookshelves, used to be too much work. But not anymore. Now we have eBooks. Using KDP you can publish your book for free. It creates options: You can sell the online version of your book. Sell the paper back version of the book, and you may enroll in audio book. You write one book and will have 3 products to sale. 2- Book Size       The book does not need to be gigantic. KDP actually prefers you to sale the book between $2.99 to $9.99. If you are at this range of sale you qualify for 70% Royalties. You can add other values
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How I Invested $2k During the Pandemic!!

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By Miguel Dos Anjos I invested $2k!! This is during a pandemic if you’re not losing money and keeping what you have; it’s already a good day!! Getting almost 10% profit in a little over a month is a divine blessing!! How I invested I invested this whole $2k in stocks!! 80% in four companies!! And the remaining 20% I split into smaller positions into 5 other different companies!! All these companies are pandemic proof!! So they do well with pandemic or not!! Actually some of them profit from the conditions we are living in today!!   M1Finance Platform  I used an investing platform called M1Finance !! It supports fractional shares!! It was extremely useful!! It allows flexibility because some of these companies, even to get a single share is so expensive!! I don’t work for M1Finance and sadly they don’t pay me to say this!! I just like and use their platform!! If you’d like to open this same account I use; feel free to use my link !! You can use somebody else’s link or go dir
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Why the Rich have Multiple Income Sources

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By Miguel Dos Anjos Most People have One Source of Income                 Most people have one source of income, and that is their 9 – 5 job. And so; most people are broke, and poor. While not most top, rich people, but ALL people on the top have at least 7 income sources. A job is great, important, and there is nothing wrong with it. It will provide food, and shelter, but in order to catapult forward financially a job has to be used as a gate way, or a bridge into becoming and, being rich.  Scalability    A barber for example may rent a chair in a hair salon; pay $40 a day for that chair, cut 5 to 8 hairs in the day, and get paid around $150 a day, which after paying the $40 chair rental, $110 is profit. This is ok for the barber, he, or she has no worries, regarding the building, or dealing with lots of money, but that is it. He worked all day, the only way for him to make more money is getting richer customers, and maybe double charge them, and then he may make $2
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Eliminate Debt in 4 Steps

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By Miguel Dos Anjos  1- Write on a piece of paper all your expenses:                 On the road to financial freedom the first step is to get rid of all your debt, not including good debts, like a house that you might own, and have tenants paying off the mortgage for you.                 You need to know who you own, how much you own them, and what the interest being collected off of you is. Add up all the expenses and all the money coming in. As long as the amount of money coming in is greater than your expenses amount, eliminating your debt is doable, otherwise you must find a way to cut expenses or increase your income. 2- Develop a plan:                 Great, now being aware of the numbers there two strategies to choose from. 1 – Pay the highest interest debts first. This is the most effective strategy, because, that is the debt that can snowball worse. 2 – Option number 2 is to pay the smallest debts first, that way getting an accomplishment happines
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Make/Save/Invest - Intro

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By Miguel Dos Anjos  Who Am I?                 Hello everyone!                 My name’s Miguel Dos Anjos. For a few years now; there has been concerns, that there will not be a social security for people in my generation. I’m 34 years old and as we have seen, the retirement age has been pushed further down and by the time it is our time to collect, it will most likely be pushed even further down.                 Believe me, there is nothing wrong with that. In fact, that, is the only way we could even be able to have some sort of social security in the future since the nation’s debt keep rising and people keep living longer.                 As long as we plan ahead, our future will be great! Why Was This Blog Created?                 The reason I am creating this blog is to develop a platform where we can come together.   I will be uploading ideas into how to prepare for a rainy day and/or even plan an early retirement.             The secret to financial peace of
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Online Course or Guide

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By Miguel Dos Anjos                   Making money with online course is a field that’s growing more, and more every year. First you will need to come up with a course idea, then develop the course content, and finally promote, and sell your course.             Profitability                  The most profitable online courses make up to $75k a year, and even $1M a year. But making $500, or $1k a month is a meaningful income for most people. You will need to develop the course once, but you will get paid by every new student that buys your course.                 If you are a great teacher of a foreign language, or know gardening, or have stock market knowledge, or anything you are an expert at; you can teach that, and develop your course. In case you are not an expert in anything, or at least anything that there will be an audience willing to buy, another option is to learn as you go using research, and studying to develop your course. Pick a course topic that interest
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