Tag Archives: income

Why The Future of making money For Content Creators is great

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Photo by Donald Tong on Pexels.com
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I’m not talking about Patreon, Onlyfans, SuscribeStar and so on.

I’m talking about the future of online ads for video content creators.

Imagine if Youtube have competitors, there will be higher profit from advertisements for creators than today.

For now, you can see other companies such as Vimeo replicating the idea but with little success – for now.

How about BitChute?

There are numerous creators who have already added their content on the platform and even received partnership offers.

Even an article by Bloomberg have found that large numbers of creators are also moving  and/or diversifying towards Ethereum-based platform such as Viewly due to its interesting potential and consistent policies unlike Youtube.

The reason a number of sites are popping up lately (time I write this) is due to constant changes of Youtube policies lately.

That and the fact Youtube seems to be inconsistent when it comes to enforcing their rules and regulations are starting to drive a number of creators looking for another platform to share their content.

And when barriers of entry loosen up, competition will start pouring in soon.

I’m not saying Youtube will lose.

What I’m saying is – this could potentially lead to more platforms competing.

Most of the benefits from that competition will go to content creators such as Youtubers; and it’s competitors will start offering better support and higher ad revenue in order to remain relevant.

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This is why I believe the future of content creators, particularly video creators, is going to be more optimistic as more opportunities and potentially better ad revenue will be available soon.

Consequently, this is an opportunity for entrepreneurs (especially solo-preneurs) to create another stream of income by adding valuable video content on these platforms.

So, time to pick up another skill, future millionaires!

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Secrets To Financial Freedom

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You work very hard. Day in. Day out.

Yet, you could not yield the results you want – which is to achieve financial freedom.

Today, I’m gonna share with you the secrets to financial freedom.

Create Your Networth Target

Creating a budget never really makes sense to me in the first place.

I went through many online material that talks about budgeting & yet, they continue talking about cutting spending & never really got to the core of budgeting.

Whilst it is a no-brainer to cut down spending, I was clueless as to how much is considered a good budget.

I was directionless.

Then I discovered how important net-worth is and how helpful it is when it comes to creating a budget.

Basically, you need to come up with a targeted net-worth & how long you’d think it requires to reach that target.

Once you have a target, all you need now is to reverse engineer that figure into tangible numbers using simple math – giving you an idea how much you need to save every month and so on.

In a nutshell, let’s say you’re aiming to reach a networth of $100,000 in 3 years. This means you need to make $2777.77 every month.

This is where you decide where to cut your expenses or how much money are you short from achieving the figure. It all comes down to simple math.

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Apply The 50/30/20 Rule In Budget

I’ve also talked about this rule.

For those who are not familiar, the 50/30/20 rule was introduced as guidelines to how much you should spend based on needs, wants & savings

Although this is a good place to start, I believe there should be some tweaks depending on where you are today.

In short, I believe the rule should be re-introduced as 40/10/50 – where savings should be the priority, so you can add more money into investment later on.

If you want to know more about it, check out my other article where I discussed this in details.

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Seek Wise Men/Women For Advise On Investment

This is the toughest topic to talk to you about.

Honestly speaking, there is no such thing as an investment that fits all.

Different investment has different settings, different mentality and so on – which can be challenging if you’re not used to the environment.

My experience tells me that the best person to talk to about investment are those whom you have personal relationship with – who have gone through the experience from becoming poor to wealthy.

Gaining their insight is valuable as it gives you first hand lessons, mistakes & failures that you can avoid in the future which is priceless.

Then, once you’re certain – you can go all in.

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Improve Tax Awareness

You have no idea how much money you can save by starting to listen to your accountant.

Credited accountants are able to tell you exactly how and where to spend in order to get the best tax reliefs, or tax reductions.

Getting tax reliefs is always great – so maximize its uses.

If you run a company, it’s even better. You can gain more tax reliefs under company spending.

So go talk to a credited accountant now before that next tax declaration dateline.

My Final Two Cent

If you’re clueless as to where to begin, then, seek advice from wise men or women. Take note every single thing they share with you – even if you disagree with some of the ideas.

Always keep in mind, the best entrepreneur are the ones who are open-minded and do not have answer to every question.

Let me know what you think about the article in the comment below.

Don’t forget to Execute

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Start Doing These & You Will Never Be Lazy Again!

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You wake up in the morning, unmotivated and lazy to start hustling.
You tend to procrastinate each day on starting the day till you eventually doze off to early nap.
Don’t worry, this is normal. Today, I’m gonna share with you the things to help you to never be lazy again.

1) Work somewhere else.

  • You need to work in different environment if your cubicle (or office) is driving you crazy.
  • Go to coffee shop, co working space, or even the park to lighten the mood of your work environment.
  • In addition, a study suggests that a change in work environment helps with memory retention too.
  • If you company does not offer flexible working environments, try decorating your workspace to make the environment more livable. Make seasonal decorations too so your office outlook does not look the same all the time – boring.
  • When I first started out, I can’t stress you enough how it played an important role ensuring me to remain driven to work till late night.
  • Try change your environment day and you’ll see dramatic change in your productivity and self-motivation.

2. Create a checklist of the goals you want to accomplish

  • An accomplish time manager is the master of listing priorities and getting them done in timely manner.
  • Checking them off the list as you accomplish each one will give you the motivation that you need to keep going and finish other goals.
  • Put copies of your checklist everywhere especially on your phone, as this will allow you to see it often. I use Google Calendar often as it syncs throughout all my devices to keep me updated for daily activities. There’s plenty options out there, but I feel Google Calendar works best for me. Try a couple different platforms yourself and decide which works best for you.
  • Once you start seeing check marks accumulating, you will want to keep going. You’ll be able to have a visual image of what you have been working towards and what you’re capable of doing. This accomplishment will help build momentum and it feels good.

3. Reward yourself for your achievements, whether big or small.

  • To help you start overcoming laziness for good, give yourself something to look forward to.
  • When you are looking forward to something, it can actually stop laziness from even starting in the first place. Remember this. Keep it as your mantra too.
  • Determine goals for yourself and then set rewards accordingly. This can help you keep your reward in mind while you are doing a task, and therefore keep your motivation going.
  • For example, add in some small breaks between your short (but focused) bursts of work.
  • Start small, e.g. 15 minutes and take small breaks in between. Give time for yourself to adjust, and, then increase work time to 45 minutes before taking another small break.

4. Eat high-protein foods

  • Do you always feel tired or sluggish throughout the whole day making you feel lazy? Make adjustments to your diet.
  • Some foods increase your energy and keep your blood sugar stable.
  • Consume high-protein foods such as: Greek yogurt, almonds, eggs, tuna
  • Avoid from consuming high sugar food. These types of food will only benefit for short time, then, your energy level comes down.
  • You can consumer sugary foods to overcome tiredness, but this will obviously will impact your body to exhaustion and eventually to diabetes.

5. Listening to self-criticism.

  • While self-criticisms can be good, it can also devastate your mentality if done wrong.
  • Some people criticize themselves too much till they tend to take it too personally not enabling self to learn from it.
  • They are too focused on the failures, instead of finding a solution from that failures.
  • The idea here is to self-criticize enough till you can identify the problem so you can create solution in order to progress. Then, you move on. Don’t dwell on it too much.

6. Work in intervals

  • In the same vein, when you stare down the barrel of your 8-hour workday, it can be overwhelming.
  • Rather than think about everything you need to do today, think about the next 10 minutes only.
  • You will find that things get done much faster and without your brain even realizing you’re exerting much effort.
  • Start with an easy task.
  • People say to work on the toughest task early to get it out of the way. I disagree as starting your day to overcome a huge task tends to demoralize yourself to work for the day.
  • Instead, work on the smallest task as a warm-up to build momentum. Get the morning blues out of the way.
  • Once you’re warmed up and your mind is ‘in the zone’, work on the tough ones.
  • Remember, being an entrepreneur is like running a marathon.

7. Exercise, just a little.

  • Exercise can help you improve several aspects of your life, including your productivity and ability to stop being lazy.
  • It can also give you more energy. Having more energy means you will feel more awake at work.
  • I’m not suggesting you to train for a marathon, just give yourself a 10 minute walk. Remember, 10-minute chunks of time can help you get a lot done.
  • Another thing I like to do is to go for a short walk after lunch. This helps me to remain alert throughout the day.

8 Things Poor People Do That The Rich Don’t

To become rich, first, you need to stop doing things that make you poor.
In today’s article, I’d like to share with you the 10 things poor people do that the rich don’t. Let’s do this.

1. Poor People Focus On Saving

In truth, if you’re broke you need to make more, not save more. One of the things poor people do is stress over money.
On the other hand, rich people see it as a tool, a resource that can be used to get to where they need to be – which is to make more money.
Saved money does not grow, you need to put your money to work, don’t squirrel it away for when you’re too old to live your best life. Put into investment that gives good returns if you find the idea of running business is too challenging.

2. Poor People Get Paid Based On Time

It’s important to grasp that results are the real currency of the world, not effort. For some this is a shocking revelation.
It does not matter if you are the best at your specific job. If you are not contributing to the bigger picture you will be seen as just another number.
Don’t be afraid of making big moves, shock everyone and change the world.

3. Poor People Blame Others 

Don’t fall into the blame trap. Blaming external circumstances take away your power!
No matter the challenge, it is your responsibility to change it.
Rich people gain self confidence from knowing that their lives are in their own hands if they want better lives, they do better. Stop blaming, start acting.

4. Poor People Think They Have All The Answers

If you ask a poor person why they are poor they will give an answer or rather their belief, why they are poor giving mostly excuses. I may sound harsh, but if you listen, they never really talk about what they should have done, instead, they give reasons which they believe are valid.
One of the things poor people do is talking about other people rather than ideas. They’ll say they are not lucky or even go further to say rich people become who they are by lying and cheat. Poor people tend to be highly-opinionated about anything that is outside their realm of influence.
Rich people are continuously learning, continuously growing and stepping out over their own boundaries in the search for self development.
What’s worse than people than have an opinion on everything?
People that listen to them! It does not matter how perfectly you do things or how successful you become there will ALWAYS be haters.
Haters will drag you down to their level if you let them, that’s all they want, to feel equal.
Put the blinkers on, don’t look back, you’re not going that way.

5. The Rich use their time effectively

Poor people spend a lot of their time doing activities that do not bring any value. Browsing facebook, watching television etc.
While watching celebrity gossip might be interesting, it does not bring any value or benefit to you. It does however benefit the rich celebrity who instead of watching TV is on TV.
They are creating more content (gossip) while the poor are consuming it.
Of course not all media is bad, there are educational books, TV shows etc. And sometimes you need to simply disconnect from the World. That is fine.
However, if you are spending a lot of your time consuming mindless content, it could be a sign of something going on in your life that you do not like.
The rich and the succesful work on their growth, their mission and their problems first. Only then do they possibly consume some entertainment.
 

6. Poor people try to look rich

How often have you seen people trying to impress others with the things they own, the new car, the latest phone.
They are trying to look rich to impress those around them, even those that do not know them. These things are meant to show how succesful they are. How rich they are!
In fact, Poor people spend more on trying to look rich instead of working on actually getting rich. And, all of that stuff that they spend money on is holding them back.
These things that they are buying do not bring any real value. These things become a burden, you have to keep working to afford these luxuries.
How often do you see these type of guys ended up selling their expensive cars or homes? You know the answer to that.

7. Poor people don’t look at the bigger picture

While it is a good thing to be present – focusing on future goals is just as important. Truth is, poor people often lack to look into the bigger picture – or the future.
Focusing the smaller picture, or to focus in short term goal, it lacks direction which is an element to failure.

8. Poor people do what everyone else is doing

Lastly, this may sound arrogant, but in reality, if you do what everyone else is doing, you’re mostly gonna end up like EVERYONE ELSE – broke and average.
If you wish to become rich, you gotta do what the 1% does – which is to take road less traveled.

Ending

That’s it guys for today. Let me know what you think about the article and tell me if you think I’ve missed something.
Thank you for stopping by and see you again soon.
Happy weekend! And don’t forget to Execute.

4 Methods to Increase Your Income Revenue

“Money is plentiful for those who understand the simple laws which govern its acquisition.” – George Clayson.

George is very spot on. Money is verily available to those who understand the fundamentals of making money. Since this is my second article for my new Finance section, I thought what better way to write on how to increase your income revenue:

  • Move Your Money To Fixed Deposit
  • Keep Your Money in Savers Account e.g. M2U Savers
  • Cut Down Monthly Expenses. Start with car mortgage.
  • Invest

Continue reading 4 Methods to Increase Your Income Revenue