When you’re running a business, your work never ends: one of the things you have to accept is that a business isn’t a single project that concludes successfully after you put in lots of work. It’s an ongoing task, where you’re constantly building better processes, and more nuanced understandings. Perfection is out of reach, and the reward for success is the chance to try again! With that in mind, today we’re looking at ways you can try to understand your market a little better. Why? Building towards a more complete understanding of your market, the customers that make it up, the forces that influence them and the rival brands that are vying for their money requires a non-trivial investment, not just of money but of your time as well. Why is it worth making this investment? Understanding your market means you can optimise what you have to offer to appeal to the biggest possible cross-section of customers who might buy in your area (be that a literal area where a brick and mortar store is based or the figurative ‘area’ that covers your online niche). That means products that are easy for your customers to use and attractive for them [...]
This is my official Quarterly Net Worth Update for April 1st, 2019. Below are my actual numbers for ALL my investments and liabilities as of 03/31/2019. Detailed explanations and a quick summar [...]
How to get scholarships in 3 easy steps
Step 1: Adopt a robust “scholarship application mindset”
Step 2: Learn to find the scholarships that will pay THOUSANDS
Step 3: The only application [...]
You’ve probably been there before:
You walk up to a group of friends talking. Stand there awkwardly while waiting for one of them to notice you. Wish for death.
You start telling a story to a grou [...]
While figuring out whether you’re financially stable or not
has a little more to do without just being able to decide if you could survive
longer than paycheck to paycheck, but more has to do with a [...]
While there are certain monthly expenses that can be cut if
you try hard enough, such as a gym membership or even a cable bill with so many
streaming options these days that it doesn’t make sense to [...]
Staying on top of the family finances is a huge responsibly,
probably one that should not be handled alone without the help of your
significant other, or even a family member or friend that you trust [...]
How To Set Market Rents
Setting the rent amount for your property can be a daunting task, in fact one small mistake can cost you a year or more of lost rental income. There are many methods availab [...]
We asked members of the IWT community who have been married at least 10 years (aka “forever” in Hollywood years) to share their #1 piece of financial advice for couples.
Here’s what they said: [...]
Knowing how to ask for a promotion can make you rich
Many of my students and friends who’ve used the techniques I’m going to share have successfully earned raises of $10,000 or more.
But even if a [...]
Believe it or not, it can be harder to stay on top of your
finances compared to losing weight, which is a popular resolution this time of year. The problem is, you join the gym and try to
make a [...]
Whether you know it or not, your first impression to a potential
lender is your credit score, which can not only decide your approval fate, but
also, if approved, what your rate and terms are. F [...]
This is my official April 2018 Net Worth Update. Below are my actual numbers for ALL my investments and liabilities as of 05/01/2018. Detailed explanations and a quick summary can be found belo [...]
Peer-to-peer lending is just one
piece of the greater sharing economy that has boomed in the past ten to fifteen
years. In a nutshell, it allows regular non-institutional investors with just a
few hun [...]
I’ve been sharing my honeymoon stories and other aspects of my life on my Instagram stories.
In the last installment of my Honeymoon Series, we explored Italy with our parents, and now we’ve move [...]
Do you ever wonder why people spend their money the way they do?
Why take an expensive Uber when you can walk 20 minutes to get to the same place?
Why pay for first-class tickets when we’re all goin [...]
You may think you are going about your finances the right way, month over month, year after year, making sure your bills are paid on time,and yes while that is important, there is actually much more t [...]
I always knew that I wanted our honeymoon to be unforgettable. My wife and I were thinking about doing a safari, and when we went out with a few married friends and told them, they said, “That sound [...]
In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:
Are you having a diffi [...]
Fact: Taxes are confusing — and it doesn’t help that there are so many myths that swirl around the subject.
It makes sense though. There’s no class in high school on how to do taxes, and the su [...]
Headlines like “Oprah’s favorite things!” or “Tech gifts for gadget geeks!” have been popping up in your Amazon sidebar for weeks, all of America’s malls are playing “Jingle Bell Rock” [...]
It’s long been said that a large part of the reason for divorce is because of money, so in order to really avoid any potential family money disaster, it’s been to get out in front of it early on b [...]
It’s a question I’ve been asked since starting I Will Teach You to Be Rich more than a decade ago:
“How do I take control of my finances?”
At first, it can be hard to answer &m [...]
As the weather starts to turn and winter seemed to be in full force already, though it’s already almost Thanksgiving somehow, I can already notice the furnace kicking on more than normal and can ant [...]
When the stock market took a hit in October 2018, we saw the usual knee-jerk headlines:
Blip or downturn? What the market meltdown means for your money
Is it time to sell before we hit bottom?
Paige Panzarello is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for over 20 years, Paige has been successful in completing over $150 million in real estate transactio [...]
Photo by Brian Bloom
“Price is a story.” — Seth Godin
Seth Godin (@thisissethsblog, seths.blog) is the author of 18 bestselling books that have been translated into more than 35 language [...]
Errors and your credit history. Name a more iconic duo. I’ll wait.
Errors in your credit can occur for a variety of reasons, from simple reporting issues from the creditors’ side to m [...]
Learning how to freelance is the first step toward an unlimited earning potential.
It’s a wonder why more people don’t do it — especially when there are so many good reasons to:
While winter certainly does not prompt a time to save money, but now is as good of time as every to start making money moves that will help you save money and be able to get ahead, for example, paying [...]
I’m going to show you exactly how to negotiate your rent so you can put a couple thousand dollars — or more — in your pocket this year.
Most people don’t think negotiating their rent can save [...]
In today’s episode of The Art of Passive Income—Round Table edition, Mark and the panel of Geeks…
…were st [...]
In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:
Today, the panel analyzes [...]
By the time you pay the bills, contribute to your emergency fund, not to mention put in what you can for retirement, there sure is not much leftover, which makes it all more important where every doll [...]
Life certainly does move pretty fast. It may just seem like you just finished school and started your career, and then suddenly you’re “grown up”, have a family of your own, and you start to t [...]
You know if you’ve ever applied for a mortgage, loan, or the credit card you use for purchases, that your credit score is a major factor in the rate you receive, and how you handle your credit card [...]
Everyone wants more money, but very few people are willing to go get a second job. Most of us can barely handle the first job, much less a second one.
A common thread among these people is passive inc [...]
Credit repair is like losing weight. It is a process that takes time and with no quick ways to fix it. Doing away with the negative information on one’s credit report and trying to catch up on due b [...]
Let’s face it, when it comes to spending, there’s not a whole lot left in our bank account after paying bills, not to mention have enough for food and gas, so it makes sense to what to treat yours [...]
Handling the household finances is not an easy task, one that should not be handled alone. Whether you share the finances with a significant other, as it’s important to keep them in the loop at al [...]
When it comes to the monthly finances, it probably doesn’t take much before the bank account is on empty after paying bills, not to mention hopefully contributing to retirement account, or having an [...]
If you’ve ever applied for a mortgage, loan, or even tried to get insurance, your credit score is a major factor in not only your approval, but at what rate you receive. The higher the credit scor [...]
It used to be that using a credit card could give off the perception that because you’re charging, you don’t actually have the sufficient funds to make the purchase. While I suppose that could b [...]
My guest today is Paige Panzarello. Paige is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for over 20 years, Paige has had experience in many differe [...]
Usually, people have questions about inheriting a house. Some want to talk about the tax consequences of selling a Los Angeles Inherited house. The tax implications can seem confusing. Most people don [...]
Let’s save money by accelerating our mortgage payoff. Face it interest rates rising recently signal that the FED is succeeding in getting overall inflation up to two percent. In some areas, inflatio [...]
When Sam and Holly’s parents retired, they had prepared for this moment many years ago by buying real estate that provided an income. They found every rental property they owned needed treatment a [...]
“I’ve always had this theory that, if you help enough people get what they want, you’ll always get what you want.” — George Raveling
Coach George Raveling (@GeorgeRaveling) i [...]
Serial entrepreneur, world-class investor, eagle scout, and all around wild and crazy guy Kevin Rose (@KevinRose), rejoins me for another episode of The Random Show. We discuss Kevin’s new diet [...]
Here with me this week is Robert Duff, Ph.D., a psychologist who's supplementing his income by selling his books on Amazon. [...]
Karan Bajaj is a number one bestselling Indian novelist who created his first online course just a few months ago. In this post, he describes how SPI helped him create a profitable course with no emai [...]