Earn Extra Income By Changing Your Mindset For Wealth 0

One of the complaints I keep hearing over and over again is this:

“Why can’t I earn extra income?”

Most of the time, it’s not because your portfolio isn’t diversified enough or because you’re not investing in the right commodities, but rather in your mind.

Specifically, your wealth mindset.

This is because every action you take, every thought you have, every remark you make stems from your attitude and your perspective. And unless you change the way your mind thinks about money, your actions, words, and thoughts will never be on the right path to abundance.

I found this great article on how to develop and use a wealth-focused mind. It says a lot about how we should focus our energy and the common mistakes many aspiring-millionaires make.

wealth mindset

Building a Wealth and Prosperity Mindset

From MetaphysicalTeachers.com

One sure way to boost your odds of becoming successful is to have a mindset geared toward wealth and prosperity. Why? Because the actions you take on a daily basis – right down to the amount of effort you put toward your goals – stem directly from your state of mind.

Believing you can accomplish something is the first step in actually doing it.

Unfortunately many of us pay little attention to our mindset, and end up creating a whole lot of struggle and difficulty for ourselves in the process! The good news is that creating a wealth and prosperity mindset can be achieved quickly and easily with a little know-how and some determination.

This report will share some helpful insights on:

• Exactly what a wealth and prosperity mindset is

• Why it’s vital to have one if you want to succeed

• How to develop your mindset for wealth and prosperity

What is a Wealth and Prosperity Mindset?

The common definition of “mindset” is: a mental attitude or inclination, or a fixed state of mind. So, a wealth and prosperity mindset would mean an attitude or inclination that causes us to focus on abundance.

It may surprise you to learn that most people focus on the opposite. They focus on wanting more prosperity, seeking greater wealth, and pursuing both at any cost.

In other words, they focus on the fact that they do not yet have wealth or prosperity, which means they actually have a scarcity or poverty mindset. They focus more on what they’re lacking, the things they can’t afford to buy, and even worse – feeling resentful toward people who are already wealthy.

Does this describe your general attitude, too? If so, don’t let it get you down! It’s actually very common to have this mindset, and you can turn it around starting right now.

All you need is the willingness to start thinking in a different way and the courage to take actions based on this new way of thinking. Don’t worry; you won’t have to take groundbreaking actions; just one step at a time will move you in the direction you want to go.

To continue reading, click here >>

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Earn Extra Income By Monetizing Your Blog 3

I know quite a few of you out there have blogs already, which is awesome, but just how do you start to earn extra income from it.

It might come across as mean but most blogs out there fail at making money. But if you’re reading this already, then you’re not like most people.

Here is a great article on how to make money from your blog from Steve Pavlina. It goes through the tech stuff, the stats, traffic, ads, and more.

blog money

How to Make Money From Your Blog

by Steve Pavlina

StevePavlina.com was launched on Oct 1st, 2004. By April 2005 it was averaging $4.12/day in income. Now it brings in over $200/day $1000/day (updated as of 10/29/06). I didn’t spend a dime on marketing or promotion. In fact, I started this site with just $9 to register the domain name, and everything was bootstrapped from there. Would you like to know how I did it? Read More…

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Using Affiliate Marketing For Passive Income 5

Hello,

As promised, I will be following up on some passive income tactics using the internet, blogging, and affiliate marketing.

As a starter, here is a great site that focuses on just affiliate marketing resources. I hope you guys find this beneficial. It’s great for newbies and people who need a refresher.

Affiliate Marketing

“81 Useful Affiliate Marketing Resources

by Steven from Blogtrepreneur.com

Whilst the idea of selling a product on behalf of another company or person has existed for a long time, affiliate marketing itself was born in November 2004, but has only really taken off in the past few years. New generations of affiliate marketers are raking in massive per month profits, and more people are starting to experience profits through this method. Here is a list (which is by no means definitive) to help you get started – please feel free to suggest anymore if you so wish!

Keyword Tools

If you are creating websites, or even pages, to target specific affiliate programs you will need to know what keywords to target. Additionally, many affiliates use PPC ads, which is heavily dependant on keyword research:

    1. Google AdWords Keyword Tool – Get keyword suggestions with some search and competition stats.
    2. Keywords Analyzer – One of the leading keyword tools, especially for PPC marketers ($97).
    3. Wordtracker – Another leading keyword tool ($329 for one year subscription).
    4. Wordze – Another subscription-based tool ($35/month).
    5. Overture – A popular keyword selector tool.
    6. SEOBook – Several different keyword tools. Read More…

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Richard Branson: Modeling Success For Residual Income 0

One of the fundamentals of reshaping your mindset for wealth is realizing that you should not be jealous of success and wealth, but rather emulate and respect it.

Of course, I’m not talking about corrupt government officials, but of successful entrepreneurs and business people.

Out of all the prosperous people out there, Richard Branson has got to be one of the most interesting, wealthy, and happy.

So here’s a great article on him that focuses on what makes him shine above the rest of the entrepreneurs and business people. What is it that has made him so successful? It comes down to two things: communication and attention to detail.

Read the article below for inspiration and motivation.

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Richard Branson’s Special Delivery: Details and Communication Make the Difference

by Michelle Rogers

Pioneer. Maverick. Innovator. These are words you could throw at Richard Branson and they would stick. He’s our intrepid rebel billionaire. When you think ‘Richard Branson’, you think hot air ballooning in Africa; you think company launches replete with bikini-clad models; you think management by phone from Necker Island. You don’t think ‘communication’, and you certainly don’t think ‘details’. But, as he explains in his latest book Business Stripped Bare, when you’re talking about delivery – executing in your business – it all comes down to details and communication. Read More…

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Creating Passive Income With Automated Trading 0

Now I know some of you may think that automated trading is immensely risky but it can be an extremely profitable income stream.

So for those who are interested, have a look at this article. It covers the bare basics of automated trading coupled with some resources you can check out.

Remember, this is only one way of creating residual income. If it doesn’t feel right to you, you can always try another way, such as rental units, blogging, or network marketing.

automated trading = passive income

Automatic Income Potential From Automated Trading

From The Online Investing AI Blog

In our quest to find methods of providing residual income–money that reliably lands at your feet month after month and year after year–we finally arrive at the last one we’ll study in this series.

To recap, we talked about owning rental units, investing in dividend stocks, inventing products, and creating digital products to secure residual income and open the gates to financial freedom. Our last method may be the residual income wave of the future.

Automated trading uses computers to automatically place trades for you. These trades can be based on technical or fundamental factors, or any other stock-picking practice. Alternatively, a famous trader can send out position calls based on his or her own calls or methodology.

The calls are enacted nearly instantaneously through internet technology, so there’s very little lag between when the call is made and when the actual transaction takes place.

Automated Trading offers busy investors and traders a chance to reap the high returns of trading with the ease of automation. It’s like having a high-return mutual fund. This isn’t just for stocks. Automated trading can be used with any asset: stocks, commodities, Forex, etc.

Click here to continue reading >>

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The 10 Largest U.S. Bankruptsies – Residual Income Won’t Do This To You 2

If you’re ever wondering why you should be working on your residual income stream, this would be a great answer.

When I see things like this in the news, I often think to myself, “I am so glad that I work for myself, that I am an entrepreneur, and that I don’t have to answer to anybody.”

I’m not recommending you take anything from this article except for this: do the opposite of what these guys did and thank your lucky stars that you are on you way to financial freedom and empowerment.

I think you will find in this article that a lot of these bankruptcies stem from greed and dishonesty. Again, this is a good case study of things to not do.

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“The 10 largest U.S. bankruptcies

From Lehman to Texaco, the mighty have fallen, taking down billions and billions with them.

Lehman Brothers Holdings

Rank: 1
Date of bankruptcy filing: 09/15/08
Assets: $691 billion

One of the biggest calamities of the current recession is the fall of the once highly regarded (and onetime fourth-largest) Wall Street investment firm, which was forced to file for bankruptcy protection last September, the largest corporate filing in the history of U.S. bankruptcy court. As a result, the company’s North American investment banking and trading businesses and New York City headquarters were sold to British bank Barclays. Some of Lehman’s U.S. businesses, including wealth management firm Neuberger-Berman, continue to operate as stand-alone entities under new ownership. And because of the company’s global reach, its bankruptcy proceedings are complex, ongoing, and have resulted in the closing of 80 of the bank’s smaller subsidiaries.

Washington Mutual

Rank: 2
Date of bankruptcy filing: 09/26/08
Assets: $327.9 billion

Amid fears of insolvency, customers of Washington Mutual withdrew more than $16 billion of deposits over a 10-day period last fall, causing a government regulator to seize the holding company’s banking assets and sell them to JPMorgan Chase for $1.9 billion. The following day WaMu filed for bankruptcy protection. What was once the nation’s largest savings and loan and sixth-largest bank is now a shadow of its former self. The holding company currently is suing the FDIC for improper seizure and is seeking $13 billion in damages.

Click here to continue reading >>

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A How-To Guide For Creating Residual Income Products 1

It’s everyone’s dream at some point or another. To create something so amazing you just live off the licensing fees or royalties without having to lift a finger. Instead of clocking in your hours, you’re cruising on your yacht off the coast of Monaco.

Sound too good to be true? For most people it is, but not you. Because you’ve already taken the first step by telling yourself you will live off residual income and not waste your time slaving away for someone else.

So if you’re creative,  an inventor at heart, or even just good at repackaging an idea, you may want to look into this residual income strategy. This article below gives you the pros, cons, and hows to creating a product that will generate you a profitable income stream.

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“Create Products For Income That’s Passive And Massive

Ever have an idea to fix a problem or surmount a challenge and then see that very same product in a store a few years later?

And you think, “Hey, they stole my idea!”

Chances are, unless your telepathic powers are fairly high-level, the inventor didn’t steal your idea. He or she just acted on the same concept that was floating around in the collective conscious. The difference is action.

If you have seen your ideas reproduced later by other inventors, don’t be discouraged. In fact, you should be encouraged. Here’s why:

Correctly identifying needs and solutions is a good sign that you can be an inventor or a product developer. To take that next step, you need to learn how to introduce your product into market. There are primarily two ways to accomplish this. You can either invent, produce, and sell the product yourself; or, you can license the invention to someone else and collect a royalty, a percentage of the sale of that product.

Most inventors prefer that latter, since it’s more hands-off and inventors like to keep their “hands on” new ideas. It’s another form of residual income that will help you secure your financial freedom.

Click here to continue reading >>

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Personal And Financial Freedom With Passive Income 0

Hey, I found this great article that gives an introduction to the types of passive income, the taxes that cover it, and some residual income opportunities.

It’s a great read especially if you’re new to passive income. I hope you find this article beneficial.

freedom

Introduction to Passive Income

How to Make Money By Creating Passive Income

The easiest way to gain financial independence is to reconfigure your life so that a substantial portion of your income is not actively earned by your labor. Instead, it must come from what those in finance call passive income. In fact, the idea of passive income is closely related to the Berkshire Hathaway model, which I explain in an earlier feature.

The basic idea of passive income is that it is money received with little or no effort required to maintain the flow of income once the initial work has been done. Some common examples of passive income are:

  • Rent from real estate properties
  • Patent royalties for an invention
  • Trademark licensing fees for characters or brands you’ve created
  • Royalties from books, songs, publications, or other original works
  • Profits from businesses in which you have little or no day-to-day role or responsibility
  • Earnings from Internet advertisements in a blog or on a website you own
  • Dividends from stocks, REITs, equity mutual funds, or other equity securities
  • Interest from owning bonds, certificates of deposit, other other cash and cash equivalents
  • Pensions
  • Residual income for a sales person on accounts that are typically renewed automatically such as a sporting goods representative that earns a commission on his accounts, bringing in a few thousand dollars per store per year for simply servicing the customers once they have been opened

Click here to read more >>

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10 Passive Income Ideas 0

Generating passive income can be difficult at first but of the 3 major types of income (earned, portfolio, and passive) it is the most steady.

With earned income you only get paid if you work. But what happens when you’re laid off or fired? With portfolio income, you would be investing in future, bonds, or stocks. Sadly, the average return on the stock market is 8%.  And there’s always a chance that the market will crash and head into a recession.

That’s why passive income is becoming more and more popular. It is robust and offers a very steady income stream.

Here are 10 ideas that can get the ball rolling for you. Let me know what you think about them.

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Passive Income Ideas

1. Rental Property
2. Write some software
3. Publish something
4. Become a partner with a business
5. Invent something and patent it
6. Join a network marketing business (one with a good training program)
7. Write and sell an e-book online
8. Build a portfolio of photos to sell
9. Create a product and sell it through affiliates
10. Develop a business idea and outsource everything possible

Click here to continue reading >>

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Creating Sources Of Residual Income 0

I’ve mentioned the use of royalties to create residual income streams before, but I found this article that mentions a few more ways to bring in the dough.

This list really helps if you tend to be on the creative side. There is no reason for you to be a starving artist at all. So have fun and make money at the same time.

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How to Create Sources of Residual Income

In this tough economy it seems almost everyone is looking for ways to supplement their income. With more and more people losing their jobs and the cost of living increasing, many folks are turning to the internet to seek sources of residual income. For those of you who aren’t familiar with residual income – this is a source of passive income that comes keeps rolling in long after you have put in the initial effort. Previously, only actors and authors earned “residuals” for their work, but the internet has changed all of that and there are now many ways to make money online and create residual income.

Instructions
  1. Sell Your Photographs Online: If you have some basic photography skills and have a good eye for creative and unique shots, then you should consider selling your images on some of the various microstock photography websites. You can sell the same images over and over again and create a consistent flow of residual income. The more images you have in your portfolio, the more money you can make.
  2. Sell Your Writing Online: If you are a freelance writer or even if you just dabble in creative writing, you can sign up for a multitude of content websites that allow you to sell your articles online. Many of these content websites allow you to sell your articles for usage, which means they can sell over and over again to interested parties. In some cases, once you have sold a good amount of articles on these content websites – you will begin to get private requests for your writing and this will allow you to charge higher rates.

Click here to read more >>

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