Make/Save/Invest

  By Miguel Dos Anjos         Be Specific Set financial goals. Be specific. If we walk down the street and ask anybody: “Would you like a million dollars?” Every single person will say “yes, I would like a million dollars”. But what determines who will get it, and who will not? The first step is to want it, the second step is work towards getting it. Developing a game plan will provide a clearer path to that goal. Once you know what you want, came up with a plan to get there, set up milestones. Today this part will get implemented, and this much capital will be put aside towards the goal. Develop milestones for next week, next month, next year, and so forth. If that goal, or dream is big enough. The planning, and milestones might require some persistence, longer than a year, or few years to achieve. What is the Reason You Want It?   Looking at that dream, or goal you may stop and think; this looks too big, too far, or too hard to accomplish. The best thing I ca

  By Miguel Dos Anjos                   In order to achieve financial freedom you need to know with precision where you stand now, and what your final goal is. Once your current situation, and your ultimate goal are stablished you will set up short term goals (today, a week, or a month), mid-term goals (half a year, or a year), and long term goals (3 to 5 years, and 10 to 20 years). To understand your current situation you need to know 4 numbers: 1-       Debt amount: the only way to know where you stand is by writing down all your debt, and adding it up. I understand this might seem depressing, or scary, but to deal away with debt requires understanding where it is coming from, and how much it is. Do not worry we will provide tools to help defuse the debt bomb later. 2-       Net worth: similarly add up your net worth. This list includes your 401k, other retirement accounts you have, investing accounts, rental units, and/or properties. Hopefully, and ideally your net worth

By Miguel Dos Anjos   Financial independence means having enough money to live without having to work. Achieving financial independence requires acquiring, and developing assets that will generate income (cash flow) big enough to cover all of one’s expenses.                 The cash flow generated by these assets is known as passive income, and some of these assets can be: - interest collected from high interest savings accounts, - dividends collected from stocks, - royalties from the sales of owned books, music, etc, - rental properties, and units, - a business you own, but does not require you to run, etc.                 For other passive income sources, and a specific guide on how to implement these ideas and strategies check my previous book “ Making Money While Sleeping: 10passive income ideas + a bonus ”. 5 Financial Independence Levels                   Financial independence can also be divided into 5 levels: 1-       not having to count on

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

By Miguel Dos Anjos                 With affiliate marketing you promote other people’s products, and add a link to your page directing the buyer to the seller. Once the buyer clicks your link you will earn a commission from all items purchased throw your initial link. The link will be active for a specific time, such as 24 hours or so. This way the person selling the product increase sells buy sharing the profit.  By Sharing Profit with Promoters the Seller Enjoys a Bigger Market  If you want to sale your product you will offer promoters a financial incentive using the affiliate program, and if you do not have a product, and want to make money you may sale somebody else’s product that you feel has value, and collect a profit as an affiliate marketer. Amazon Associates is the most popular affiliate program. You can join them, and start earning commissions by promoting any number of the wide variety of products available on their platform. The sign up process is fairly q