business

How to make money in the future – Building your own brand

Money is a topic that everyone is concerned with. After all, what is as important as money? Good relationships and health one could answer to that question. However I doubt you can sustain a good relationship to your kids when you don’t make enough money to feed them. I doubt it is good for your mental health when you live paycheck to paycheck and have the constant worry of getting replaced at your job.

These days everyone has to TAKE CHARGE of their own life. No one else will support you. You are on your own. And you have to be an creative and active thinker to strive in this chaotic world we live in.

You need different income streams for sure. Otherwise you won’t make it. Sources of income streams would be:
• a job
• real estate that you own and rent out
• stocks
• bonds
• your own business

A specific form of a way that EVERYONE can make their own money is something that I like to call YOU.INC. That is, building your own brand that revolves around your personality, your passions and your interest.

The good thing about building a business like that is that no one can really replace you. There is only one person in the world that is you. And that is YOU.

What do you need to build an YOU.INC:
1. Be yourself
2. Live a life
3. Express yourself so people can find you (Blog or Youtube)
4. Learn to market yourself to people
5. Sell a product or service

It is that simple. Build your personality. Know what you want and what you stand for. Then you will have a message to share. You share this message with people and learn to market yourself in a good way. More and more people will follow your message and want to be a part of you and your project. At the end you can sell your product or service to people. When they love you, they will also love to support you with their money. There are Youtubers and Bloggers that make MILLIONS these days. Even if this might not be your goal. Supplementing your income by having your own business that revolvs around being you is something that you can be pround of and have some fun with. Start today. Build a website. Build a blog. Learn what your readers want and market it to them. Then lean back and count your cash.

Publishing videos is very simple. Simply create an account and start filming.

The best platform to upload videos is:

https://www.youtube.com/

If you want to start a blog. And you certainly should have one. Whether it is your main way to reach people or just a supplement to your channel. Everyone should “own their own name” on the internet.

I recommend starting a blog with Bluehost:

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New economy – We are all getting replaced

Time is changing. So is the world. Everything is faster these days. And everything is different too. There is no other place where this development is as obvious as in the job market. With the internet the old economy as we knew it will not exist for to long anymore. Jobs will not be the same because everything today happens in the internet.

The first cars that drive themselves are out already. Meaning that no one will need people to drive a taxi anymore in the near future. You don’t need to pay someone to drive you if the car can do it by itself.

This development happens and will continue to happen everywhere. Why would you go shopping when you can buy everything on the internet?

And the jobs that are still there will be outsourced to people who do a better job for a smaller amout of money.

I hope you learned to fill out documents in your university classes. Because soon you will need this skill to fill out the papers for your unemployment benefits..

We live in a great time. A chaotic time. With as much opportunity as never before. But to get anything out of it you have to change your thinking today and make progress every single day.

The time to take action is now. Take charge of your live and you will accomplish tremendous things.

New direction of this Blog

A big reason why I started this Blog is to try somthing new and to be active with something. I did not really had any bigger ambitions when I decided to reserve the domain that I have. Get started and everything else will fall into place, right? Right!

Because so it did. My Blog will have a new direction. I was really unfocused in what I want. My bi-polar tendencies are part of the reason. I often start something. Then get emotional over it and just quit what I did before. There is only two things in life that I just quit temporarely. Girls and Business. Because those things (along with health) are the areas where EVERYONE needs to step it up if one wants to have a fullfilled life.

Because of the anti-depressents my doctor prescribed me I had intense side-effects the entire week. I couldn’t eat. I couldn’t sleep. And I was really intense and paranoid all the time. It was impossible to have a normal conversation with me.

The side-effects started to wear off as I lowered the dosage though. I do feel better at the moment. And I am certainly more focused. Even though my social motivation is really low as I am typing these words.
There is two things that I will do in life before I die:

1. Having slept with 100 girls
2. Made a million bucks

And when I say “in my life” I certainly mean before I hit 30 (I am turning 23 soon). There is nothing that is stopping me. Theoreticly. Because I am a pretty damaged and fragile person. But I am pretty smart too. Look decent. And have a lot of potential. When I play my cards right, I can accomplish anything I want. Especially now that I took something into consideration that I never dreamed of doing before in my life: A psychotherapie and anti-depressents. I am on Sertralin since around a week and will get my psychotherapie approved soon. I think both are necessary for me and so far I have decent results from it.

This Blog will be a documentation about how I will accomplish both of my goals. So it is like a diary. Sometimes it might include random stuff of my life. Other times progress and reports about what I do. I will split my big goal into smaller ones. Something that I can accomplish this year for example. So it’s easier to keep track of what I do and see if I make progress. I am not really an expert in time-management or goal setting (or anything else). So I will out most of it along the way. Feel free to join me on my Journey.

Earning Passive Income

Having an income stream that puts money in your pockets whether you work, drive in your car, chill at the beach or take a nap just feels amazing. This is what abundance feels like. Comming home and seeing that your expenses are low and your income comes into your bank account without you lifting a finger is a very nice thing.

Now I am not a financial expert by any means. I have just a big interest in finance since I was very young. Have read a couple books on that topic. And I am starting out my own journey to financial abundace at the moment.

But the idea how passive income (as a synonym to financial abundace) makes you feel great came today to me after I was checking out my bank-account. I bought stocks from a company 2 years back. That company pays really nice dividends on their stocks. I didn’t even know that their annual general meeting is this month.

However today I checked my bank account. While I didn’t really noticed the increase at first I was scrolling through my income statement and saw that the company just payed out some cash.

Dividende

It is not a million dollars or anything. But it is a nice feeling non or less. I bought this stock a couple years back as one of my first investments and didn’t really touch it ever sice. The investment was moderate. Maybe a little over 1000€. But it is going well. I collect some dividens and in a couple years I will sell the stock with a nice price increase.

I will write a little bit more about money and business here in the future. But in the meantime I highly encourage you to do your own research about passive income and ways to invest your money in a smart way.

Ways to make passive income:

1. Stocks and Bonds
2. Investing in real estate

Those are two ways to make good passive income. The down-side of those is that you usually already have to have some money that you can invest. Lets say you worked hard in a job for 10 years. Safed a solid amout of money. Now you can look for stocks and properties to buy. The good thing about those is that once you have everything set up (bought a property and have solid tenants or bought quality stocks) you barely have any work with it.

3. Selling your own product
4. Selling someone else product

Here you have to do some work first. You have to buy something that you can sell. You have to set up a website to market the products of other people. Or, you have to create a product (for example an ebook or a video course). You have to get the word out too. It requires some up front work. Just as in stocks and real estate you have to make money first to invest it. Here you don’t really have to have money in the beginning. Besides some small amount for setting up a website maybe. You put the work in first. And collect the dividends later.

As you see: No money is really entirely passive. Nothing in life comes for free. You have to do the work first. You will usually have some moderate time investment as well. For example managing your stocks once a year to see if the ones you bought are still the smartest choice. Managing the website you have. And so on. However most of it is pretty simple and you can either outsource it, or do it in a couple hours yourself.

My suggestion is to increase your income. Minimise your spendings. And then invest the difference in things that make money for you (Stocks, Real Estate, Businesses). This is how you escape the rat race and will be financially free.

rich-dad-poor-dad-cashdflow
In the end you can let me know.. Are you interested in money and finances? Do you currently invest your money? And what types of investments do you have? Let me know in the comments! And see you under the next post.