passive income

Staying Broke When Making Money

I am going to give you today the number one way to get rich. It is a step that you HAVE to follow if you want to have sustainable financial success in your life. Staying broke.

Probably everyone of us knows the feeling. We are getting a raise. We started a new business that gives us some extra money. Or won something gambleing. What do we do? Do we save it? Maybe. Maybe a small percentage of what we got. But certainly not a lot- And certainly not ALL of it.

How long do you want to take to actually get rich? To actually not worry about your finances anymore? To live the life of your dreams? You can get rich the slow way. Or you can do it the fast way. It is up to you. I suggest you to take the fast way to financial success.

“How do I take the fast way to financial success?”

You do it by staying BROKE. Notice I say broke not poor. You will massively increase your income. At the same time you will have the same expenses that you’ve ever had. Prefereably even lower ones!

Staying broke is the way to go. I did the same mistake each and every time I got money. I was spending it for useless shit. It didn’t matter how much money I made. At the end of the month I was alsways +/- 0 (after a modest amout of savings). My income increased and decreased during the year. The amount of money I had at the end of the month never did.

Until I decided to change something. I kept track of what I NEED to spend every month to have a decent life. Good (but fairly cheap) food, entrence for clubs, expenses for things like gym, transporation and mobile phone. I made sure those expenses are as low as possible.

Everything I made after my normal monthly expenses I SAVED. I didn’t spend the money, NO MATTER WHAT. My income increased and suddenly I had cashbundles laying around the house. Never violating my rule of staying broke.

If you ever want to have financial success. If you ever want to make and KEEP a lot of money, internalise the rule of staying broke! If you increase your income while staying broke at the same time you will get the financial success you desire in the shortest time possible.

If you like this post I HIGHLY encourage you to check out this book by Tony Robbins:

If you want to start your own Blog I recommend choosing Bluehost:

Exactly How To Make Money with Kindle Ebook Publishing – My Current Project: Part 1 –

What up, what up..?

Recently I discovered a new way to make some extra cash online. I am interested in ways to make money online since a long time now. It wasn’t until recently that I actually KNEW that it is possible to make TONS of it online though.

(A friend of mine is involved in affiliate marketing and I was visiting him in his new penthouse apartment.)

While I did some research about different “making money online” stuff before. It wasn’t to that day that I knew this is what I will be doing in my future.

While Affiliate Marketing was in my heared now the general idea of making money online made me think of something I have heared a while ago now and never really followed up with:

Making money with kindle publishing – specifically: Selling erotica on Amazon

I did some reasearch about it to see what things I have to pay attention to when entering that niche.

I don’t want to have any work with my project. While writing is something that I enjoy, I am only really interested in it when it is for topics that I enjoy writing about or to build my brand.

Writing erotica is nothing I want to do at this moment. (Might be doing it in the future.)

So all the work has to be OUTSOURCED. I will do the marketing because I enjoy it. But all in all this Project will be nearly 100% PASSIVE INCOME.

How do you make money selling erotica

I will get more specific about this in a furure post. But right know jut a quick overview on how I started:

1. Research a couple authors and books that sell

What are some known names in the industry? What books are selling good? What books have good reviews? Why are people buying it?

2. Do the marketing

Yes, marketing is in the beginning. Because you are not selling only some random content. But emotions and an image. Who is the author that writes such an book? What is his/her motivation? What is this story all about?

Think about how you want to appear to the world:
– What is the image of you/your pen name?
– Why are you, or is he/she writing erotica?
– What is your book about?

3. Get someone to write the ebook for you

You will outsource the work on a platform for writers and freelancers. I choose Upwork to search for someone writing mine.

All I did was including the plot for the story I want to have written and the money that I want to spend.

Now it is waiting time and I have to see who is applying for the offer..

I will keep you up to date on how the project devellops, how long it will take to have the book written, the quality of the book and ultimatly how much money it will earn me..

.. so stay tuned..!

Also: Have you ever written/published your own book on Amazon Kindle or a similar Platform? What Gernre was it? How much did you make? I am interested to hear your stories!

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:

My financial week and next weeks goals

Okay, so I had a pretty good time financially the last two weeks. I managed to get a couple pojects going that gave me some extra income. The last two weeks my main focus wasn’t to make a lot of money that I actually had to work for. But more so finding way to get some passive income streams going. The money I got was from projects that I “ran into” as well as some stuff that I had going for me since a couple months now. Note that all my living expenses are covered already. So everything I earn, I keep.

Income:

– 250€ Doing subtitels for a friend’s video product
– 100€ Bday gift
– 20€ Bday gift
– 15€ Filming a friend for a video product
– 60€ Tutoring

So in total I made 445€ in the last two weeks. A nice little side income. But some of it are birthday gifts (120€). So I obviously can’t be proud of it. I definatly have to find some more ways to get income streams going.

My plan for the comming week is:
• Write a Sales Letter for “the millionaires fastlane” by M.J. DeMarco
• Get a doctors certificate that I need
• Think of 10 new business ideas that can earn me some passive income

I am really driven. The time has come to make some good money. Money is a really important part of life. No matter if you value it or not. Or how much you value it. Money is FREEDOM. And freedom in my opinion is the most important thing in life.

There are two things that I am earning and saving money for:

Goals: 50.000 € for a special “toy” that I need more then anything else in my life
50.000 € for in apartment in a city in europe I want to live in

Do or die. I will either accomlish those goals or die. Straight up. It is a 100k in total. A sum that shouldn’t take that long to earn. Getting by was always my main focus up to this point though. Never making money (at least no SERIOUS attempt to do so). So I wil need some time to figure it out. I will give myself a deadline of 2 years to accomplish my financial goal. 2 years. From this day. In 2 years I will have 100.000 bucks and I will be able to fulfill the two goals I have.

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.