How I Make Money In 2021 I Reveal My Secrets
Introduction Of How I Make Money In 2021 I Reveal My Secrets
How I Make Money In 2021 I Reveal My Secrets. First money hack if you want to become wealthy you need to learn a high-income skill you can save five dollars each day by not getting coffee at Starbucks and it does help but it’s not gonna make that big of a difference when you compare it to learning a high-income skill like copywriting web design eCommerce and the list goes on if you only have skills and low paying things then well it’s hard to make more money you can still open up a business that provides that service and still do well but in my opinion, it is an uphill battle so ever since I was in high school.
I was trying to build my high-income skills so I encourage you guys to make it a lifelong mission
I was trying to build my high-income skills so I encourage you guys to make it a lifelong mission to acquire good skills and that just comes with being curious looking for opportunities and not being afraid to be a student most high-value skills aren’t learned in college and they are learned by actually doing them in the real world so definitely take action and don’t let fear hold you back from learning these new things so my second money hack and this is something that I’ve talked about a lot on this channel because it’s that important but this hack is unless you guys are making a lot of money you should always be choosing to live with the roommates or multiple roommates or even better.
If you can try living at home sharing your apartment or housing costs is something that’s gonna save you so much money and give you the capital to invest in yourself or other investments much faster luckily I have a girlfriend so we can share our apartment but besides that, I’ve had roommates since 2010. and if you find a roommate that inspires you and holds you accountable then I guarantee you you’re gonna make big leaps with entrepreneurship or anything that you’re pursuing because your environment is super key and having someone be there that can you know hold you accountable for chores for getting things done.
It just helps you become more on top of your game and that’s going to affect your entrepreneurship game as well third is when it comes to investing there are a few really important buckets to have your retirement accounts your traditional investment accounts your own business and self-improvement among many other things the younger you are the more I’d say to focus on your business and self-improvement still invest to get the ball rolling but you’re definitely going to get a bigger role by taking that money and working on yourself and your business a lot of people make the mistake of being scared to invest in themselves and it’s just kind of weird.
I always recommend to people to maximize their retirement accounts first if building a bigger net worth is your goal
Because most people don’t even question going to college and paying up to 50 000 a year on tuition if you divide that by 365 days that’s about 137 per day so really imagine what kind of awesome business you could build with that type of money or all the high-value skills you could acquire and when it comes to investing I always recommend to people to maximize their retirement accounts first if building a bigger net worth is your goal then it makes little sense to not use the retirement accounts because they reduce the amount of taxes you’re paying significantly so max out your Roth ira your 401k step whatever plan it is and always keep a long-term vision.
When it comes to buying investments putting your money into more diversified and traditionally safer investments like etfs and mutual funds is something I recommend that a lot of you guys do instead of trying to pick individual stocks which are really hard to invest into the American economy by just buying an s p 500 index fund and yeah even warren Buffett that is how he says most people should be investing especially if you want to build long-term wealth so speaking of money hacks let’s talk about harry’s who’s the sponsor of this article I’m on those Asians that don’t have much facial hair but every single morning I wake up with a super prickly mustache that I hate and I don’t look good with that’s where harry’s comes in harry is a personal care brand that delivers.
A clean comfortable shave at a fair price as low as two dollars per blade refill it’s honestly one of the best shaving sets I’ve ever used and it’s inexpensive and convenient as well I get my blades delivered directly to my door so I can focus on making money instead of going out buying shaving stuff and just wasting my time also harry supports great causes and they give one percent of their global sales to non-profit organizations that provide mental health care right now you can get a harry’s trial set for just three dollars or get five dollars off any shaving set when you go to harrys.com charlie change in the trial set you’ll get a five-blade razor a cool weighted handle a blade cover and the foaming shave gel.
If you’re paying with a debit card or cash then you’re subsidizing the cost of goods for rich people
So yeah a trial set for three dollars that’s definitely money to now back to the article next on the list is properly utilizing credit cards to your advantage so i use credit cards for everything that i buy and as a result, I’ve received about 1 million points that i can use for travel and cashback and also contributed to getting my credit score to about 800. if you’re paying with a debit card or cash then you’re subsidizing the cost of goods for rich people that might not make any sense but here’s how it works credit card companies will charge merchants a merchant fee.
Which is typically around 1.5 to 3 percent then they pass that fee on to you with the price of the item so say a 50 purchase results in a fee of one dollar for credit card users they are going to get that one dollar back in points people that pay cash and with debit they aren’t gonna get that one dollar back, therefore, it’s like this weird distribution of wealth from poor people who often don’t use credit cards to the wealthy who are more often using credit cards so yeah, unfortunately, it costs you more money to not have a credit card oh and if you guys do end up using credit cards like I recommend make sure.
You’re paying it off in full every month because you don’t want to have a balance and be paying like 20 25 Apr my next money hack involves passive income and the truth is you’re never gonna feel wealthy if you continue to trade your time for money so after graduating college every time I’d go out to buy something I think how many hours do I have to work to buy this thing so let’s say I made 50 an hour tutoring a nice meal out would cost over an hour of my time and even more if you consider the taxes that got in the way of me enjoying spending money so I started to learn about passive income I began creating a lot of passive income businesses and e-commerce many of which failed but eventually.
I found my groove with amazon fba affiliate marketing and youtube I also started working in real estate and mortgages both of which are commission only jobs you can’t quantify an hourly pay for these types of jobs so I learned to enjoy jobs that aren’t tied to your time and this is going to lead me to real estate investing later on this year which I really hope to a significant portion of my net worth in the coming years so my advice is to look for opportunities in which money is not tied to your time and start trying to build those side hustles or income streams it’s going to pay off and you’ll never look at money the same way again my next money hack is to never buy anything unless.
That is currently on sale there are literally thousands of couch models out there and good
It’s on sale so obviously, some things are never going to go on sale but many things will in today’s world you have so many options on things to buy if you’re buying a couch, for example, go find one that is currently on sale there are literally thousands of couch models out there and good let’s say 20 are probably gonna be on sale at a given time so really you might as well save some money and buy those the same thing goes with groceries cars technology and more the more you prioritize this the more you’re going to save on everyday purchases and over a year this is going to add up to a lot of money saved my next money hack is all about mindset.
But it’s something that can drastically increase your income when you guys are charging for your services so this applies to any business don’t be afraid to charge more than you are comfortable doing in fact that if you’re comfortable with how much you’re charging you’re either undercharging or just not giving enough value the only time this does not apply is for let’s say your first five to ten clients after building your initial portfolio and client base your rates need to go up this will ensure that you get better clients that complain less you’ll make more money and you’ll be able to up the value of your services right like think about it.
When it comes to your profits and impact so I always tell people to aim high and everything is going to follow
If you’re always going to be in your comfort zone when it comes to pricing your product or service you probably won’t get out of your comfort zone when it comes to your profits and impact so I always tell people to aim high and everything is going to follow I have a lot of friends in business and they’ve told me that every time that they have increased the pricing they’ve made more money they’ve impacted more people and they’ve seen the quality of their clients increase sure you’re gonna scare off some people that are not willing to pay more money but in my opinion being selective with your clients and your customers is one of the best things about entrepreneurship and when you do that.
I guarantee you your income is going to go up anyways those are my seven big money hacks for 2021 that i wanted to share with you guys some of these things i’ve been doing for a long time and some of them i’ve actually found out pretty recently i just know that if i had implemented everything on this list a lot sooner.
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