Learn Some of the Best Ways To Become Wealthy in 2021
Extreme wealth inequality is growing in the world. Almost half of the world’s population is living on less than $5 income per day!
Shockingly the gap between the poor and the rich is extremely widening.
Hi everyone and welcome to Prosper with TG Online Riches.
If you are determined to make a difference in your financial life and add incredible value to the world, pick one of the following 4 profitable industries and transform the world around you.
1. Healthcare industry: for example home health agencies, assisted living facilities, long-term care facilities, urgent care, private practice, pharmacy/ drug store, counselling centers, and fitness facilities to mention the few. Remember most people will do anything to live longer, happier and healthier. Time and time again, evidence shows that the healthcare industry will Only grow faster than ever. According to the Healthcare Global market report, The global healthcare market reached a value of nearly $8 billion in 2018 and it is expected to grow to nearly $12 billion by 2022.
2. Technology industry: technology has been evolving at a very fast speed creating a more efficient world. Building your business around new technology can definitely make you wealthy such as, using robotics and artificial intelligence, developing apps, and assistive devices in a digital form or in more advanced products. Digital assets such as digital courses, online schools, and creative interactive social media are some of the few.
3. Real estate and construction industry: owning rental properties for commercial or residential houses or apartments, buying and flipping properties, and owning a home builder company are some of the few. Did you know the United Nation forecast states that by 2025 the world’s population will grow to 8 Billion and by 2050 the world’s population will grow to 10 Billion. That is why you should start investing in real estate in 2021.
4. Financial services: companies that provide money management services and financial assistance are more profitable. They say “the money is in the money” for example, credit counselling for seniors, financial consultants, credit unions and banks.
I am personally involved in the healthcare and technology industries and soon will invest in the real estate industry. Creating online assets is extremely reading, for more information feel free to check out in the description section.
These are not the only profitable industries. However, you can’t go wrong with those 4 industries if you really want to build wealth while making a difference in the world.
And, remember you can start in 2021 from anywhere in the world.
You Can Learn Anything Fast If You Do The Following Tips!
When learning new things, understand how to process the information fast and how to retain them for a longer time in your memory.
It can be for a new job interview, for a licensure board exam, for your online business startup training, to complete a short course classes for certification, and it can be for some kind of competition that you really want to be very successful.
1. Avoid late night studying, overloading and cramming. People who like cramming for emergency test preparation are not going to retain the information they read. Late night studying and overloading with tons of information is not good to store information for a long term. Your brain needs time to store information in your memory so it can last longer.
2. Practice sleep sandwich technique: The Sandwich Technique is a very helpful technique in many areas in life. When you want to learn new things fast, try the sleep sandwich technique. You have to study, then sleep and then study more because sleep facilitates storing information faster and helps you retain memory. That’s why a good night sleep is very important to stay focused and to have the greatest memory because your conscious mind goes to sleep, your unconscious mind continues to store memories and to retain information.
3. Avoid reading or learning new skills while feeling tired. When you are tired, your brain feels slow and foggy. If you feel tired, get some break, or take a short walk, stretch your legs, or do some breathing exercise to regain your energy back. Tired body and brain is less productive.
4. Chewing gum, helps to concentrate and helps to relax. For best learning experience, concentration is a key. When you chew gum, you feel relaxed and when you are relaxed, your brain can store information efficiently. So, get up and grab some gum before you start your learning session.
5. Maintain hydration, drink water, or nice calming hot or cold tea, or any nice and cold beverages with no alcohol, and with no concentrated sugar. Stay away from too much caffeine, too much stimulants can affect your brain function. You can drink coffee or tea in moderation.
When you are hydrated well, your blood circulation to your brain will remain at the optimum level, by doing so, you are helping your brain do its job. Make a habit of grabbing a glass of fresh water before you start your learning session, it doesn’t matter what you are trying to learn.
Thanks for stopping by this post. If you have any question please leave me in the comment section.
In this post, I will share 5 Financial Plan Tips to help you build wealth with low income from anywhere in the world
Why is a healthy financial life especially important?
Studies indicate that having structured financial goals can help you have a bigger picture, and it helps you to set a clear map for your short term and long term income goals.
Big disclaimer, the content of this post is not to provide legal financial advice. It is simply to share the knowledge and the experience as well as to inspire and motivate you so you can achieve your money goals.
The following 5 tips can help you to have structured and effective financial goals.
I will give you bonus tips at the end of this post. So, stick around and enjoy reading to the end.
There are different recommendations when it comes to target spending and saving rules of thumb.
There is no right or wrong rule of thumb, it is just a matter of individual preferences based on your target spending and saving plans.
For the sake of this post, I would like to share the
50% 30% 15% and 5% target spending, saving and investing rule of thumb. To explain a little a bit more: –
The 50% rule of thumb- Create a spending plan – Do not spend more than 50% of your take-home income for your essential expenses: such as living expenses, for your home, your food, insurance, bills…etc
The 30% rule of thumb- Identify your highest interest rates on your credit cards and you should Pay off credits with high interest rates first with your 30% take-home income. Experts recommend that paying off the high interest rate credit cards first is a very smart way to spare your money and to start the “pay yourself” strategy.
After you pay off your high interest rate credit cards, plan to Invest the 30% of your take- home money with strong commitment and determination. When you start investing, the recommended best investment strategy is to have an average annual rate of return of 6.5% on your investment. This might be unrealistic at the beginning. You can do more research and do more self-education to understand an average Return on investment percentage that fits with your situation.
The 15% rule of thumb- Create a long-term saving goal – Save upto 15% of your annual income. Instead of planning to save once a year, plan to save it every month. Your savings are not after your expenses, you should save before you take money for your essential expenses. To be more precise, plan to save exactly 15% which is the average percentage for your savings as recommended by financial experts. Always save 15 % of your annual income first if you really are determined to become financially strong. It is for your long term retirement plan.
The 5% rule of thumb – Have an Emergency fund or short term saving- Save 5% of your take-home income towards your emergency fund. Emergency fund is the money you use in times of illness or job loss. It is extremely important to be prepared financially rather than face the hardships when they arise. Financial experts recommend to have an emergency fund saved to cover your needs for upto 3-6 months if you lose all your income for some reason.
Bonus tips: –
The biggest takeaway from this post is, have the concept of “Pay yourself first” when investing and saving.
In other words, do not keeping losing money, do not keep paying off interest rates for your loans and credit cards, do not immerse in big dept unnecessarily when you can pay it off and start saving money for yourself and start investing for your future.
In general, it is not about micromanaging every penny or every dollar.
It is about “Know why you should invest?”, ask yourself what ultimate goals you have that make you stick with your investment plans. In times of emergency and unexpected financial loss, know how you can create more cash flow to your bank account no matter how hard it can be.
Always, remember to have the attitude of “how can I afford to invest?” Rather than “I can’t afford to invest”
Discipline yourself to stick with your goals in order to become wealthy and prosperous.
For more understanding, read the following three recommended books:
The Richest Man in Babylon by George S. Clason
Rich Dad Poor Dad by Robert Kiyosaki
Think And Grow Rich By Napoleon Hill
Let me know if you have any questions in the comment section.
Check out my #1 recommendation to earn extra cash as a side hustle or to become a fulltime successful digital marketer => You were Born to Thrive!
There are two main business categories: products and services with your online business.
I would love to share the 3 best Print on demand online businesses that you can start today for free or for a very low start up cost.
Print On Demand online business!!
Why should you start an online business? Why is an online business very different from traditional off-line business?
Well, online business can give you the opportunity to live your life in your terms compared to traditional business where you or your business representative have to be present at all times.
Because, you can automate your online business, you have freedom of time, freedom of place, highly scalable within a short period of time, you can impact people worldwide and you can start with very low cost or for free.
Start Print on demand business for free. Create accounts on these 3 websites: RedBubble.com, Teespring.com and Merch By Amazon.com
You need to create designs and sell your designs on their physical products. You don’t need to have your own physical products.
These websites have their own products such as: t-shirts, logos, business cards, coffee mugs, gift bags, dresses, all kinds of gift items. You bring new designs to those stores so that people can select and buy your design on those gift items. Then you make money sharing the profit with the RedBubble, or Teespring or Merch By Amazon.
Free design creating websites: Canva.com, printful.com, photopea.com and Printify.com
If you want to design only on your iphone, download Typorama app and start designing, for android phone download Canva.com actually you can download Canva.com on your desktop, iphone and android.
If you really want to earn extra cash, don’t look further. Pick one website, start designing for free and sell on those free Print on demand websites.
In this post I will talk about affiliate marketing, why affiliate marketing is a great business model, and what you need to start affiliate marketing.
Affiliate Marketing is a one of the online business models specifically falls under digital marketing.
There are four core digital marketing models: affiliate marketing, digital cources, couching & consulting and mastermind. Affiliate marketing usually is considerd as low value ladder whereas mastermind is the highest ticket in the value ladder.
It’s basically a “referral” and a “recommendation” to other people’s products and services.
It is a great way to help customers and companies by creating valuable content on the internet.
You can start as a part-time side hustle and grow to a full time income.
It’s possible to start from ground zero and scale it up and earn a full time income with affiliate marketing.
Within affiliate marketing business, there is a value ladder where you can sale low ticket products such as ClickBank digital courses for less than 50 dollar. Same company with 50 dollar offer could have 500 dollar high ticket product which might increase your comission if same customer decides to buy the high ticket product.
I personally know a company which has a one dollar price ebook, a 7 dollar 15 day challenge training and a 3 thousand dollars worth of business blue prints which includes coaching services. As an affiliate marter for this company I can earn comission for each product value if I make a sale using my affiliate link.
If you like watching the summary of this content in a short video, feel free the check out my video right below.
Why Affiliate Marketing is a Great Business model?
It is a Low barrier to entry compared to other online business models.
Much lower overhead cost to start the business compared to traditional business.
You don’t need your own products.
You don’t need to deal with customer services such as returns of products or claims, or any customer service related issues.
You don’t need to build a team or hire employees.
It’s performance based compensation! You get a return based on your effort, your hard work will pay you off sooner or later.
Affiliate marketing enables you to leverage technology and to automate your business in the online space. As a result it gives you the freedom of time and enables you to live your life in your own terms.
It is truly a Scalable business – it enables you to generate income and scale your profit with or without your active presence.
What Do you Need to Start Affiliate Marketing?
You need a proper mind-set – Affiliate marketing is not “get-rich-quick opportunity”, it’s not for everybody, it requires an open mind set that makes you become resilient and persistent.
You need patience – No shortcuts to become a successful affiliate marketer. It’s mostly meant for a long term success with long-lasting results.
You need a product or a service – Find a product that you believe is the best for your prospect customers.
You need honesty – You have to be honest about the product, the benefits and the disadvantages of buying that specific product.
You need traffic – When buyers are actively looking for best products or best services online, you as affiliate marketer present best products and services in front of the buyers by using Affiliate links.
Your traffic source can be free or paid, free traffic takes longer to get you results, paid traffic on the other hand brings you result so quick, for example you can use Facebook paid ads for your ClickBank products and start earning commission in a few months.
Free Traffic Tips
Search Engine Optimization (SEO) is the best free traffic if you use strategies such as SEO Keywords. SEO optimization is also the largest source of free traffic as a blogger, content writer or video content producer.
You need to use keyword tools such as Jaaxy Keyword research tool to get great and competitive keywords. I use Jaaxy keyword and do my keyword research before I start writing my content so I make sure the title I am using for the article is searchable and easy to find in google.
Another free traffic tip is, email marketing and social media. Social media traffic is free however it comes with some restriction such as no direct linking of your affiliate links on FaceBook, other social media platforms such as Quora, they require content writers to publish few articles before you can include your affiliate links.
However, it is possible to post your affiliate links within your articles and track free traffic to your affiliate offer.
Email marketing can be a great source of traffic but it cost few dollars for the automated services that you get for example I use AWeber autoresponder for my email marketing and it costs less than 10 dollars per month.
Another free traffic tip is, YouTube channel. You can use free keyword tools such as VidIQ for your YouTube contents so peaple easily can find your video. Use keyword search strategy and you need to be very specific for your video title.
Also remember to use thumnails for your YouTube video everytime you publish content so that people can go to your video and then to your affiliate offer within the video content.
Free traffic such as YouTube and Blogging websites may take longer to see consistent results. For Example, people shopping to buy a nice headphone online, and if they are looking for reviews on YouTube or Google they probably land on your review content and your affiliate links. If they decide to order the headphone by clicking your affiliate link, you earn commission.
You will have to repeat the same process over and over again to continue making money online as an affiliate marketer.
Because it is a performance based compensation, it is truly rewarding!
The more you stay focused, the more you will be productive!
If you are interested to learn more about affiliate marketing check my # 1 recommendation here => Prosper With TG
Please leave a comment or any question you may have in the comment section.