Open a business without quit job

Some people complain about their low salary. The salary is not enough to cover their monthly spending. The salary almost loses at the middle of the month. They must trim down their spending such as eating out, cloth, cable tv and others. Sometimes their find side jobs but they do not get enough money.

Therefore some worker opens a business to make money. As long your business does not disturb your job, you can open a business.  Perhaps blogging is a good choice for your business. To make money, you should have a good website that has thousands subscribers or thousand visitors everyday. More visitor you can get more money.

To make a good website, you should write dozen or hundreds good content. You can also hire writers or ghost writers to create a good content. You will generate the visits soon when you promote it to the social media. People will visit your blog and you will make money.

You can also open online shop to sell something. Perhaps you want to sell old book or kids’ toy and bag. There is some profit that you can get from it.

There are so many opportune today. You can also open a café near your house .Perhaps you have a favorite cuisine that people like it. Alternatively, you can sell the cookie or bread online. The visitors will ask you some cookies.

You can also sell your hobbies. Perhaps you save some photograph in your hard disk. You can sell it for a dollar or cents.  It will not disturb your working time.

When your business grow up you can ask other people to help you or you can hire virtual assistant. When your business become larger, you can decide to quit jobs. You should choice whether you stay at your last jobs or

The sign of sick financial

The poor man must have sick financial because they cannot cover the spending. They have trim down the spending but they cannot cover the spending. It is debatable that the poor must have sick but some rich people also have sick financial. Hera is this signs

1.       They can cover the spending

Though, they can make hundred thousand dollar but their spending beyond the salary. They must owe money from other people. They should back the money and someday they will be bankrupt if they cannot pay the debt.

The sick man just fulfills the want but they ignore what their need. They supposedly cut the expenses. They can begin to reduce eating out, drink coffee at café, and watch the movie at cinema.  

2.       They have so much debt.

They should pas the credit card monthly and pay the car credit, house credit and education debt. The debt more than 30% of the asset is a dangerous. They have low ability to pay the debt with the asset.

3.       Have No financial Goal

Perhaps some people abandon the financial goal and they do not care about it. They think that financial goal is useless or they think they do not need financial goals because they have no money.Either you have money or no have money, you should have the financial gals.You can start 

4.       No Investment

The investment is good for our future. It can help you when you have no jobs or when you retire. The investment can multiply our asset. The return that you will get may

5.       No Emergency Fund

The emergency fund when you get the accident. When you stop working and you should find the jobs. The emergency  will help you to finance your live when you have no jobs or salary. The amount is not more than six times your routinely spending.

How to overcome the sick financial

Though, you have high salary but you cannot fulfill your spending. Your financial health must be sick, that is why you have to overcome or cure the sick. The sick will harm your finances. You will not save any penny and you have no retirement fund.

Perhaps there action can cure your problem:

1. List of your spending

What is the total of your spending? Perhaps you spend much for leisure only but you ignore the important things, you do not save or invest but you just buy useless things. Track the spending that you spends everyday. Write every spending that you use at the afternoon. Do not write the today spending at the next day. You must be forget to record all the spending.

2. Create a budget

This is a ways to term down your spending. By creating a budget, you know where to spend the money. You must obey the budget that you have made it or you cannot improve you financial health. By creating the budget, you know the balance of your spending and the income. Reduce the speeding when it beyond the income. You can also increase your income if you cannot or do not want to trim down your spending.

3. Crate financial goals

Perhaps you have the financial goals but you do not have the specific one.  You goal just want to be rich. We do not know the reach it .Is rich people who have the car in the house only.  A poor man has car or house but they still poor. You should make specific goals that derive you to work hard.

Perhaps you want to get one million dollars for next ten years. Then, you should save your moneys for it. You can also open a business or invest at some investment.

How to make money in blogging

Some people including me still confuse to make money from blogging. I just made cents or a dollar from blogging but i am pretty sure that blogging will make money. As long we want to make the blogging fun.

Here are the ways to blogging for money.

1. Adsense

Google is the easiest ways to make money in blogging but you should have to create one account. If you have million traffics to your blog, you will get the benefit from adsense.

The visitors who really click on your blog and you get the money from Google. Some people can generate thousands dollar from the website.  The secret t get traffic is the visitors. More visitors, more money. To get so many visitors, you must write the useful post and interesting post.  

2. Amazon Affiliate

To be honest, I will not use it since I live outside United States. For United States citizen, you will earn 8.5 % each time people click and buy the product You can put the links, banner, widget at your blog.

There are some product that you can promote at your blog such as book, shirt, accessories, tool kit and others. There is some collection that you can sell too. When people buy a thousand dollars item, you will get so much money.  

3. Create e-books

This is a way to promote your blog. You can give your reader free information with the e-book. If they like, they must back to your blog and they may subscribe your blog. The eBook must be different to your blog post so the visitor will hit like for your blog. 

You can create the eBook from your blog content. Surely, you must edit you blog post first. Do not create ebook from your blog post that make the reader bored to your blog post.

How to prioritize the saving goal

Most people confused to set the goal of saving. That is why they do not have the saving goal and then they do not have motivation to save. Actually, it is not difficult to set the saving goals. Here is some guidance to prioritize the saving goal:

1.       Get out of debt

If you have so much debt, you have to pay it down. When you have debt, you will not be able to save any penny. Collect each dollar for paying down the debt. Pay down the high interest debt first and then, pay other debt.

2.       Build Emergency

After get out the debt, you have to create emergency fund that is useful to avoid you from debt, when you suddenly need money, you can use the fund. The amount of emergency fund is around six times of your spending monthly.

Once you have fulfilled your emergency, you can think about the other saving goals.

3.       Retirement

Some article that I have read said that the retirement is 50% of our salary. It is very big to me.   The retirement is very useful when you quit working. It is help you to buy the food, cloth and other when you have no jobs. Some people use the retirement for go trip outside to enjoy their old time.

4.       House

People must have house as their shelter. They know where they go home. House is not cheap and you need to save before buying a house. Some people need saving dozen years until they buy a house.

5.       Cars

You may need a vehicle so you can use it to go everywhere. An old car may be suitable for you if you have low saving. If you have so much saving, you can consider the new car that is more comfort than the old.

6.       Others

Perhaps you want to continue your study to the master degree. Perhaps you want to save for new laptop or perhaps you want to repair your house. You can set it below  the others saving goals.

Read Also 

How to recession proof to your money 

How to live in a low income