Start A Business And Start Small: 11 Overlooked Ways to Earn Money According To The Internet
We all want to be wealthy, but not everyone becomes wealthy in their lifetime. These are some pieces of advice that people say helped them achieve financial independence.
Start Small and Focus on Progress
Starting a business or making money can be overwhelming, but it’s important to start small and focus on progress. As one person stated, “Don’t get stuck with analysis paralysis, it’s real. Focus on the small steps that push your business forward.”
Spend Less Than You Earn
One of the most important ways to earn money is to spend less than you earn. As a person stated, “When you’re making money… pretend like you’re not.” It’s important to create a budget and stick to it to ensure financial security.
Take Advantage of Retirement Programs
Taking advantage of retirement programs can also be a way to build equity and earn money. As one person noted, “Another way of building equity is having a job with a generous defined retirement/pension program and taking full advantage of it.”
Learn About Business and Take Calculated Risks
Learning about business and taking calculated risks can also lead to financial success. As someone advised, “My best advice is learn something about business. Find a field you’re confident in. Start a business in that field.”
Start a Normal Business and Work Hard
Starting a normal business and working hard often leads to financial success. As one successful person stated, “Stop trying to make something no one has ever done. The richest people I know started very normal businesses and worked very hard.”
Pay Credit Card Bills in Full
Paying credit card bills in full and avoiding interest charges can also lead to financial independence. One person stated, “Just because you can ‘afford the payments’ doesn’t mean you can afford the item. Pay the credit card bill to zero each month and never pay any credit card interest.”
Get Adopted by a Wealthy Family
While not a realistic option for most people, getting adopted by a wealthy family can be a way to reach financial independence.
Run Your Own Business
Running your own business is often cited as the best way to earn great money. As one person stated, “the only way to earn GREAT money is to run a business. You won’t EVER get wealthy as an employee.”
Take Chances and Move Forward
Taking chances and moving forward can also lead to financial success. As one person stated, “I guess it’s all about getting involved in the right company, networking and just moving forward anyway you can and taking chances on promotions and opportunities even if you don’t think you’re qualified, if they are interested in you as a person they’ll make it work.”
Find a Passion and Monetize It
Finding a passion and monetizing it can also lead to financial success. Whether it’s writing, photography, or cooking, there are many ways to turn a hobby into a business. As one person noted, “Find something you’re passionate about and figure out how to monetize it. It’s not easy, but it’s worth it.”
Invest in Real Estate
Investing in real estate can also be a way to earn money. As one commenter shared, “My husband’s great uncle…started his own plumbing company, expanded that into a plumbing/HVAC installation and service company, built that, started expanding into commercial property investment, renovation and leasing and became a multi-millionaire.”
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Source: Reddit
