So in the past couple weeks I’ve seen soo much complaining from people. “I hate my damn job!”, “I can’t make any real money” or even “I wish somebody would give me money”. It’s like people now a days are scared to put in some work and everybody wants the easy way to acheieve wealth, but there’s a saying. “Everybody wants to go to heaven, but no one wants to die.” If you want to achieve financial freedom, you have to put in work for a period of time in order to set yourself ahead. So today, this is going to be more of an advice blog of how you can start building your money up even if you’re broke. Now if you’re at rock bottom in terms of finances there is good news for you… You can only go up from this point.
Step 1: Get a job
When you have no money, but want to start a business the smart thing to do is to get you a source of active income to take care of your bills and needs first. Now some people will see this and be like “Well I can’t get a job because–” save the excuses. I don’t care if you even gotta flip burgers at Mcdonalds, get yourself a job. Doesn’t matter the circumstances. Keep in mind, someone in your same exact situation has lived and conqured the obsticals you’re currently going through right now.
Stack up some money for a couple of months, me personally I say around 3-6 months to give you a decent amount. During that time you should be studying ways to invest in a secondary income to suppliment with your current income. Now during this phase you’re going to make a lot of sacrifices in this time. You’re going to have to push yourself because, this will be one of the periods that will test you the hardest. Now remember, a job is only temporary, you were not ment to stay there forever. Unfortantely a lot of people get comfortable in this step and never end up leveling up. Don’t be that person.
Step 2: Invest in a side/passive income
Now this is your second phase for leveling up when coming out of rock bottom financially. At this point you’ve stacked up some cash and you’ve done research on different passive income opportunities such as affiliate marketing, e-com, social media marketing, etc… If you don’t know what either of these things are I’ll give you a mini overall example of what each one is.
So affiliate marketing is pretty much you advertise an already established brand, product or service. You connect the brand/service/product and the consumer together and if the consumer buys said product/service/etc… Then you get a commission. With E-com you’re creating a store, customers buy products and you’ll utilize their money to buy the product from it’s supplier and you keep the profits. So say if I charge a phone case for $29.99 but it only cost $2 to make, well that means I keep $27.99 profit per case sold. Social media marketing is pretty much running ads and managing social media accounts for businesses and companies. For more info click these other blog post I made discussing each topic.
Now there’s actually thousands more ways to make more money online, but today we’re going to focus on the heavy hitters. Now of course you’re going to have to put in some extra time to do these, but each of these things I listed here have the power to take you out the dreaded 9-5 you always complain about and actually but you in financial freedom. Invest an hour a day in making sure you’re learning how to market as well, because if you can master marketing, you’ll never be broke, period.
Final step/conclusion: Stay focused
This is very crucial because, during your journey you’re going to be hit with many distraction and setbacks and it can definitely throw off your focus and make you want to give up. Hold yourself responsible and negate all excuses. Make the best of what you have, start small and grow from there. Look at all the successful people you seen around you, ones that made it or still going. We all gotta start from somewhere so don’t be ashamed when you see someone else living a little bit better than you. Remember competition is the thef of joy, so stay in your lane and remain focus.