Tag: starting a business
Becoming an Entrepreneur #6: Creating Your Sales Funnel
Attempting to sell something to another person seems simple but is quite complex. Very rarely do people just buy things without establishing some form of relationship—either with the product or the brand. Your mission as an entrepreneur is to turn people “off the street” (leads) into people who purchase items from you (customers). Ideally, we…
Don’t Gamble with Retirement 10
A lot has changed since I started blogging about personal finance in July 2020. At the time, retirement planning was something you could do on the side. Why spend all of your time planning for something 30 to 40 years away, right? Wrong! After a crazy turn of events, the only way to retire is…
Becoming an Entrepreneur #5: Building an Audience
Now it’s time to put all our reading, training, and education into action. I firmly believe in the content-first approach to business that the book “Content Inc.” discussed. Welcome back to the Becoming an Entrepreneur Series (Part #1, Part #2, Part #3, Part #4), where we take you from employee to entrepreneur. Why is building…
Start a Review & Content Business toward Passive Income
Do you love to learn and try new things? If so, perhaps it is time to start a business around your ability to keep learning and self-educating yourself. Most people do not pursue self-education but will follow people who keep learning. This puts you in a great position to do what you love while earning…
Retirement Planning for the Average Person 5
Sometimes we must admit when we are wrong. I find myself in this position today—humbled. There was one core truth I believed, but it has changed recently. I believed you could stay in the workforce long enough to create a truly passive income retirement. For example, you could work until you earned $5,000/month in dividends.…
5 Takeaways from “Walk Yourself Wealthy”
“Walk Yourself Wealthy” by Dominic Hodgson is the ultimate guide to running an elite dog-walking business. I chose this book because I have a dog, am retiring, and want to stay in shape. Therefore, perhaps dog walking is something I can do in my spare time. Dog walking is a business. As such, you can…
Welcome to The T.I.C.E.S. Society: Tycoon, Investor, Creator, Entrepreneur, Scholar
It’s hard to express how fragile our lives become without knowledge. When we depend on a job, a person, or a government to save us, they usually come up short. Americans have become more educated over the years—meaning more people have college degrees than ever. However, most people need more financial education to grow a…
Becoming an Entrepreneur #4: Training vs. Education
The most difficult concept for most starving entrepreneurs to grasp is the idea of training versus education. There is a massive difference between these learning techniques. Eventually, as an entrepreneur, you’ll find yourself in new territory where no one else has traveled. If you don’t understand the difference, you will find yourself lost in the…
Time is Money #3: Invest by Creating Infinite Returns for the Future
Most of us understand that we should be investing in our futures. The general media teaches us that putting money into a 401K is investing; however, it is more akin to saving. Yes, the money goes into the stock market, but you still “think” like a saver. Today, let’s discuss how to “create” money like…
Hustle Culture: How to Replace the Pension and 401K Mindset
The new shift to an entrepreneurial mindset is leaving most people behind. America was once a land of pioneers, innovators, and business people. However, the industrial revolution brought us out of the farms and small towns and into the city. Then, corporations and governments introduced the pension system. The pensions were lavish. Defined benefits, or…
Envision Your Life Without a Paycheck: Start Building Your Income Today
Boy, does it feel good to get a paycheck, especially when you can spend most of your money on yourself. This fantastic feeling is a trap that takes years or even lifetimes to overcome. Two years ago, I wrote, “How Would Your Life Look Without a Paycheck.” I have spent the last two years asking…
5 Takeaways from “The 1-Page Marketing Plan”
“The 1-Page Marketing Plan” by Allan Dib walks us through the sales funnel of a successful business. A business thrives on acquiring new leads, warming them up, selling to them, and finally re-selling to them. Successful businesses don’t do any of this passively, however. Marketing needs to be at the forefront of your business operations.…
Open a Bookstore with Your Own Books
Are you a prolific independent writer? Do you want to become a prolific independent writer? Writing is a fantastic skill set that will never lose its value. Independent authorship has come a long way, and you can write, release, and market your own books without a publishing house. I love writing (that’s why I do…
Run a Mentoring Program Toward Passive Income
Mentorship is dead. I wrote as such over two years ago, and things have only declined since then. Fewer and fewer people will make it in today’s world. What does “make it” mean? That means having a successful career, personal relationships, passive income, and happiness. If you have your life “somewhat” together, there are people…
Becoming an Entrepreneur #3: Solving Other People’s Problems
Every business exists to solve a problem. Running a business is not a hobby or a way to pass the time; it is an exchange of time, energy, money, and attention. As a budding entrepreneur, you must understand the problem you intend to solve. Of course, you’ll start with a vague idea, but your goal…
Give Your Kids a Different Path: Set Them on the Path to Financial Freedom
The days of working a 40-year career at one job are over. Even if these jobs still existed, is that the life you want for your child? Why are you sending your kids off to college? Do you know how to make money in today’s ever-changing economy? If you don’t understand how to make money,…
Quiet Quitting vs Loud Rehiring: Time to Go Back to Work
Did you buy into all the hype surrounding the quiet quitting and great resignation movements? How did that work out for you? I agree with you on one thing—the workplace is terrible in its current form. There are two crucial elements missing: leadership and mentorship. However, you’ll need to go back to work until you…
Happy Cash Flow Retirement 9
There is nothing preventing us from retiring early except ourselves. We have all the tools to live a fulfilling life without working a day job. So what prevents 97% of the population from riding off into the sunset before age 50? The answer lies in our need for more information and action. Welcome back to…
The Golden Handcuffs of Lifestyle Inflation 2
The workforce is becoming a terrible place to spend your time. Everyone is running around with their hair on fire. If your company pays you, they expect you to always be on call, answer all emails within one minute, and never say “no.” Why do people remain in the labor market if things are going…
Becoming an Entrepreneur #2: Dropping the 9-5 Mindset
If you feel weird without a job, it is not a coincidence. From the start, they programmed us to find a job and stay there until retirement. Consider the school system, where you attend from 9 am to 5 pm, Monday through Friday. Does this sound familiar? However, having a job isn’t a bad thing—what’s…
