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 [...]
Are you the creative type? Ever think about using that creativity to make some cash? Etsy shop owners make hundreds of millions of dollars a year collectively by selling on the site.
That means you [...]
Can your kid make money? Does he or she want money? Do you want him or her to stop asking you for money?
I’m guessing your answers to these questions are yes, yes and yes. Luckily, we’ [...]
I know exactly what it’s like. You’d like to make extra money. You’ve really thought long and hard about it.
But there’s one thing that gets in the way – your job! Your [...]
Are you interested in an easy and sure-fire ways to create a steady stream of truly passive income?
Then you need to know about investing in dividend-paying stocks.
Investing in these hidden gems coul [...]
As a real estate investor, I am constantly trying to teach myself about different ways to purchase real estate properties. My strategy has typically been the buy and hold method. I prefer to purch [...]
Are you eager for some easy passive income?
Dividend-paying stocks are a great way to build up a truly passive income stream.
For doing nothing more than simply being a shareholder of stock, the compa [...]
Investing Long Distance – Understanding Turn Key Properties
In this week’s episode, I answer a great question from Crystal about Long Distance investing.
I've developed an [...]
Did you know you can make money selling other people’s products?
There’s a surprisingly easy way you can earn passive income simply by linking to products that other people create.
This ar [...]
How would you like to get free money fast? Several companies are giving away free money to people just like you every day. Interested? It’s easy.
How? By taking advantage of online shopping r [...]
Have you considered taking advantage of p2p lending as a passive income source?
This exciting source of passive income is growing portfolios everywhere. It’s also helping borrowers get out of de [...]
Have you ever wondered why so many people are obsessed with making money from the stock market or other similar investments?
If so, you should become acquainted with the power of continuously compound [...]
This is my official Quarterly Net Worth Update for the 2nd quarter of 2019 (April – June). Below are my actual numbers for ALL my investments and liabilities as of 06/26/2019. Detailed ex [...]
Making sure that you have more money coming in than going out is important, but it is maximizing every dollar that comes in that will set you up for success not only right now, but to build for your f [...]
These days so many employers are allowing staff to work from home. It does make some who’s job function does not allow it to be jealous either around the office, or among friends and family who wo [...]
Growing up, even hearing the word credit card immediately brought a negative connotation when it came to making purchases. Not that it was a bad thing, but even in recent years, using cash, real act [...]
No matter your income level, it is always good to plan for the future to ensure that you will be financially stable to enjoy life to the fullest in your later years. While we will be lucky if there [...]
“The question would be: ‘What mastery can you offer?’ So have a friend of yours ask that question of you five times, and you’ll be sort of surprised at, by the fifth time you g [...]
Now this isn’t meant to get your hopes up that you will wake up in 2018 and automatically be rich, as it takes years upon years to get to that point, but the longer you put it off, the longer you wi [...]
If you take a look at your successful family and friends, what led them to that path? Surely you can ask what advice they have to offer. The household finances, especially if you share with a sign [...]
In these modern times, it is very common for aspects of our lives to be polluted by synthetic chemicals. This is the case for our food, furniture and clothing. Many people would prefer to live as natu [...]
Handling the household finances are tough, so much in fact that it’s no wonder why most do not hold down a successful budget and are in credit card debt. Now, you don’t have to run a budget to b [...]
If you look into different ways to earn passive income for any amount of time, then you’ll probably notice that people will also often refer to it as “residual income”.
Though the two a [...]
Finding the right savings account can get you an extra $200 for free this year.
Depending on your balance, it could make you a lot more money.
Let’s say you have $10,000 to put into an online sa [...]
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 [...]