7 Reasons Why You Should Have Multiple Streams Of Income

multiple streams of income

Did you know that 4 in 10 Americans have a side hustle or extra source of income? That means that one of your family members, a friend, or a colleague could be working a second job or freelancing online. Or maybe the side hustler is you! Creating multiple streams of income is becoming popular among many Americans, and for good reason. Here are 7 reasons why you should have multiple streams of income if you don’t yet.

7 Reasons Why You Should Have Multiple Streams of Income

This post was written by our staff writer, Kimberly Studdard.

1) Provides A Safety Net

First, multiple streams of income provide a safety net for you. If you only work a 9-to-5, you are dependent on that income alone. So what happens if you become ill? What do you do if you get laid off or fired? How will you bounce back from . . . → Read More: 7 Reasons Why You Should Have Multiple Streams Of Income

Visualization: Daydreaming Your Way to Success

daydreaming your way to success

I’ve been to quite a few seminars on success. I purchased the eBooks, watched the videos and joined the webinars too. One thing that always struck me is the word “visualization.” It seemed that so many success coaches were talking about the idea of visualizing your way to success. But what is visualization? Isn’t that just a glorified way of saying daydreaming? How does daydreaming lead to success?

Visualization: Daydreaming Your Way to Success

I was baffled by the concept that if you think it, you can do it. However, I had a turning point in my life after learning about Russell Ruffino. Like many, Russ Ruffino talked quite a bit about visualizing your way to success. He also went into detail about how it leads to success, and after applying his teachings, I’m becoming more successful myself.

What’s Wrong With How Most Visualize Success

If you’ve joined seminars on . . . → Read More: Visualization: Daydreaming Your Way to Success

How to Make Money With Passive Income

daydreaming your way to success

Wouldn’t it be nice to be able to make money without constantly having to work for it? You can make money with passive income. Passive income is the return you receive from an initial investment. It’s a great way to supplement your cash flow for an early retirement.

How to Make Money With Passive Income

Want to know how you can get into the passive income game? Thankfully, there are quite a few effective ways to do it. Check out the ideas below and choose the one that makes the most sense for you!

1) Trading Stocks

Stock trading is one of the most popular avenues to make money with passive income. If you’re a beginner and wondering how to make money from trading stocks, it’s not too difficult. Once you’ve researched the companies you would like to invest in, you can do as much or as little as you . . . → Read More: How to Make Money With Passive Income

4 Costly Mistakes to Avoid When Starting a Business

how small businesses can prosper

Are you ready to start a new business? Opening a business can be a very exciting time in your life. It can provide you with the financial freedom you have been seeking and allow you to be your own boss. However, beginning a new business can have its downfalls as well, especially if you make mistakes early on.

Related: 14 Cheap Business Ideas You Can Start Today

4 Costly Mistakes to Avoid When Starting a Business

Take note of these costly mistakes that you should avoid as they may hinder the successful operation of your business.

Diving in Head First

It’s important to remember to take your time in starting a new enterprise. As exciting as the prospect of beginning your own business can be, biting off more than you can chew can be detrimental to its success. Create a realistic plan and begin checking off the necessary steps in . . . → Read More: 4 Costly Mistakes to Avoid When Starting a Business

Why (and How) Every Family Should Learn to Live on One Income

live on one income

Money is an important part of our lives because of the opportunities and possibilities that it presents. Learning to live on one income can have a huge impact on you and your family – more so than many will ever realize.

Reduced stress, more flexibility, better use of your money, and possibly even early retirement!

…These are all potential benefits when you learn to live on one income.

In today’s society most families live on two incomes. However, there are significant benefits to reducing your dependency to just one of those incomes. This article isn’t about why your family should give up one income, instead, this article is about living expenses and flexibility. Regardless of whether your family is a one-income or two-income family, using only one of the incomes to cover living expenses can be a great move.

Why (and How) Every Family Should Learn to Live on . . . → Read More: Why (and How) Every Family Should Learn to Live on One Income

6 Reasons Why We’ll Never Flip Another House

never flip another house

Just two months ago, my wife and I made a $27,400 profit from a flip house. Then we vowed to never flip another house again in our lives…

6 Reasons Why We’ll Never Flip Another House

Okay, sure, it was fun to make the house purchase, fix everything up with our bare hands, sell the property, and then put a huge lump of cash in the bank…but those were about the only positives. Plenty of other negatives came along for the ride, which is why we feel as strongly as we do to never flip another house.

1) Time Away From Family

When we took on this house flip, I made a promise to myself that I wouldn’t let this work take over my life and take me away from my family. Overall, I thought I did a pretty good job.

I worked at the house during my lunch breaks, . . . → Read More: 6 Reasons Why We’ll Never Flip Another House

How to Earn Money While Traveling the World

make money while traveling the world

If you search the topic “digital nomad” on Google Trends, you’ll notice that interest has consistently increased since 2004. In other words, as technology has become cheaper, more advanced, and readily available, there are a growing number of people who are starting to ask themselves “how can I use technology to earn money while traveling the world?” (ie. escape from the daily 9-5 grind).

Because, in a nutshell, that’s what the digital nomad movement is all about…

How to Earn Money While Traveling the World

This is a guest post written by Peter Koch from SellerAtHeart.com.

Digital nomads are proponents of distancing themselves from living the ‘rat race’ life while remaining completely location independent. By using technology to work abroad, digital nomads are able to earn money while traveling the world.

If you’ve ever day-dreamt about traveling the world while making a living by working online, this is the . . . → Read More: How to Earn Money While Traveling the World

How to Attract 25,000 Visitors a Month to Your Blog (and Earn BIG Money!)

attract 25,000 visitors a month to your blog

Have you recently started a blog? Or, have you thought about starting a blog, but you’re afraid that your only readers will be Aunt Suzy and Grandma McDoogle? To be honest with you, it’s entirely possible…That is, IF you don’t have a plan going in. It’s a big world of websites out there and if you want to attract 25,000 visitors a month to your blog, you’ve got to do your research.

Lucky for you, I’ve already done all the research AND accomplished the 25,000 visitors a month! So how about I just teach you the details you need to know in this one single post? 😉 Shall we?

How to Attract 25,000 Visitors a Month to Your Blog

This post contains affiliate links.

In my last blog income report, I reported earning over $1,600 and showed in detail how easy it really was. The key, as you may have . . . → Read More: How to Attract 25,000 Visitors a Month to Your Blog (and Earn BIG Money!)

How We Built a 6-Figure Blog in 8 Months with SEO/Organic Traffic

make serious money with your blog

Whoa, talk about an awesome post here! Ben Huber, from Dollar Sprout, got into the nitty-gritty details of building up SEO (search engine optimization) and attracting organic traffic. And we all know, the more traffic you’ve got, the more money you’ll make with your site! In his case, it was A LOT more money. Get out your note pad and get ready to learn! It’s time to make serious money with your blog!

Life rarely goes as planned. You make decisions you think are in your best interest only to find out later this isn’t always the case.

Take college for example. You graciously accept what often amounts to six figures of debt under the premise that it’s a non-issue and you’ll have it all paid off, and more, with your shiny new post-grad job.

I know, speaking for myself, that the thought of debt didn’t even cross my mind. . . . → Read More: How We Built a 6-Figure Blog in 8 Months with SEO/Organic Traffic

We Sold The Flip House! How to Make $25,000 With Your Next Flip

make thousand with a flip house

Remember that flip that took us 8 months to complete??? Well it’s finally gone (woot woot!!!). We officially sold it on Monday and made a cool $27,400. The papers are signed, the transaction took place, and the money was quickly delivered to the bank (staying warm for our next purchase, an old farm house with acreage :)). So how did we really do it? How did we make thousands with a flip house? And can you do it too?

The short answers:

Simple, buy low, fix it up, sell high, and Yup, anyone can do this stuff!

The longer answer…have a gander below. 😉

We Sold The Flip House! How to Make Thousands With a Flip House

We finished the house on Tuesday, May 29th and listed it two days later. Over the span of 7 days we had 24 showings and an open house that added another 20 or . . . → Read More: We Sold The Flip House! How to Make $25,000 With Your Next Flip