Imagine getting your Bachelor’s Degree and then telling your parents that your ‘full time’ profession is blogging.

Imagine their response!

Today we are talking about something we haven’t talked about in a while….Passive Income.

Because we all want to make money while we are chilling out watching TV.

We all know that making passive income is not that easy. It takes time.

I came across an article in  @Forbes   that says you can make $940/month with 3 simple steps.

https://www.forbes.com/sites/michaelfoster/2020/10/20/how-to-invest-100000-for-940-per-month-in-passive-income/?sh=36f0c85d5cec

I’m going to talk about these three steps and share why I think it may not be that simple.

00:00 Intro

03:05 1️⃣ Open a brokerage account

04:10 2️⃣ Buying a closed end fund

04:56 3️⃣ Sit back and wait

06:39  My beef with closed end funds

11:27 How closed end funds are sold

Closed end funds can be a little risky and a little difficult to understand.

Be sure to take advantage of the offer that  @Webull   has right now!

https://wealthhackerlabs.com/webull

Check out  @Let's Talk Money! with Joseph Hogue, CFA  on his thoughts on closed end funds:

https://youtu.be/_UIrO3ZxLqE

#passiveincome #freestocks

Could you imagine having $44,000 in debt?

How much would that stress you out?

Imagine starting a side hustle with your laptop, end up making $2-$3k month and pay off all your debt, COMPLETELY!

I Love Blogging! ❤️❤️

Today we are going to talk to Robert Farrington,   @The College Investor  

Robert is going to share his 11-year journey from starting a side hustle to taking his business full time. 

00:00 Intro

This is the first time I have been in an airport in a long time.

I can’t share where I am going yet….but I will soon. ✈️

Intro 00:00

I was a financial planner for 16+ years and came across some super shady advisors.

Many were more concerned about keeping you as a client so they could earn commissions and earn fees.  

I can remember early in my career I had a good friend that was a photographer.  He was growing his business and investing into a Roth IRA (at my advice) at the same time.

He reached a point in his business where he needed to invest his money into more equipment instead of his Roth IRA. I realized that investing in his business would make him a lot more money, so I was all for that idea.

My point of this story is to give you a new perspective, if you really want to build wealth.

Here are the 9 things that you need to know:

If you want to build wealth, you can do that by investing into a Roth IRA. But, if you want to truly grow your wealth, then you need to explore some of these other options.

Are you working with a financial advisor?  If you are, are you hearing some of these same things from them?

Have you been told that any of this is ‘not a good idea’?

Let me know in the comments.

You may not believe this, but when I first started my career (right out of college) my salary was $18,5000/year.

I lived like I was still in college…..broke.

I received an offer of $10 Million Dollars for something I created for fun.  Something on the side.

Let me give you a little history.

I had a crazy idea to not just start a blog, but to create the BEST financial planner blog in the world.

I started writing.

I wasn’t making any money on the site but I knew that I needed to spend some money on the blog to make it a little more professional.

With my domain, hosting, some work on my website..I was in for $509.  Then I kept writing and publishing until I started making money.

Two years ago someone offered me $10 million to buy my website.

Of course there were quite a few things that happened between my initial $509 investment and the offer two years ago. Here are some of the things I changed:

00:00 Intro

Why are we talking about MBA’s?  Well when we first started talking about homeschooling, online school, etc.  Harvard announced that they will be offering their MBA program completely online.  (That has since changed).  What hasn’t changed is how much the program costs.

There is a long list of fees: tuition, student health fee, student health insurance, course and program material, room and utilizes, living expenses, etc.  Add all of these costs together and we are looking at $111,000 per year.  It is going to take you TWO years.  It will cost you A LOT of money.

I have to ask…..is there something better?  I think there is.

So what do I think is better than a Harvard MBA?  Starting a blog.

Yes, starting a blog.

When you get started you are not going to be making tons of money.  It takes some time to build your audience and start making really good money. (I was only making around $0.16/hour my first year).

The great part about starting a blog is you can do it in your spare time (while you continue working). Even better, it doesn’t take a lot of money to get started.  You can purchase your domain and set up a website (with hosting) for around $150.

If this still sounds overwhelming, I have created a free email challenge that shows you step by step how to set up your first blog and make your first $100.

You can check it out here: 

➡️➡️➡️ http://Make1kChallenge.com

Now I want to share with you some of the key principles of choosing a blog over an MBA (this is what I learned by starting my blog):

00:00 Intro

Yes! Blogging is definitely my preference.  But as I mentioned, you don’t make a lot of money in the beginning.   If you stick with it and publish quality content you will get there.

You need to get a domain, start a website, and get going.

Lesson learned:  never underestimate someone who has built a 5 Million Subscriber YouTube empire.

Here's Graham Stephan's interview with Pokimane:

https://youtu.be/wvl05CQKkY0

My Reaction Video to Pokimane and Graham Stephan:

https://youtu.be/TJvmrbfS5I8

#pokimane #grahamstephan

Can we just agree that 2020 needs to be over?