Helping You Avoid Life's Financial Mistakes

3 Part Time Businesses You Can Start Today

October 24, 2008 By 2 Comments

Do You Want Financial Independence?

If you would ask this question to almost anyone they would give you an empathic “YES!”  I can relate.  Achieving financial independence has been in my blood since I started my first business. 

Just to recap quick last week I posted an article Why you should start a part time business about what I learned about my first part time business opportunity and what you can learn from starting your own part time business.  This article is a good place to start.

In this weeks article my outcome is to show you a few business opportunities that are low barrier and low cost to start.  There may be more business opportunities out there like the one Isaac told me about running a vending machine business from home.  

What will these opportunities give you?

  • A new way to fund your get out of debt program.  Starting a part time business will allow you to fund your debt plan and if you already have one you can apply the extra money you earn to get you out of debt quicker.
  • A new way to build financial security.  You can also use this money to fund your emergency fund, buy extra insurance you may need, or put money back for your retirement.
  • Finally it can also be a great way to achieve financial independence.  If your looking to build a business that will give you recurring income this is also a great place to start.

Last thing before I go on.  Starting a part time business is a great way to earn extra income but I recommend that you don’t start any business expecting income immediately.  Instead keep a steady full time job while you get your business off the ground.  This way you aren’t rushed to do it and you won’t be pressured as much to show results.

Now that that’s out of the way lets move on.

Low Barrier Part Time Businesses

  • Blogging.  Out of the 3 this is the simplest to start and lowest investment of all of them.  All you have to buy is a domain name and some hosting space and your up and running.  OK, it not that simple but you get my drift.  If you would like to learn more about this opportunity here is a great free video tutorial to get you started.
  • Financial Services.  This is where I started my first part time business.  However this opportunity will require little bit more of an investment for licensing and getting you started in there company.  Though one thing I feel that this opportunity will give you is an education on how to run a business.  Usually at no cost to you.  If you have an interest in this you can contact me and I’ll give you more info on this. 
  • Affiliate Marketing.  This opportunity allows you to sell products from different companies usually on the internet.  This is similar to blogging but you aren’t constantly putting post up you are marketing products on your website.  Here is a great place to learn more about this.

Other Part Time Business Opportunities

You may be wondering what other ideas there are.  Well this is where it is up to you.  I am starting a new section on my website dedicated to helping you find a part time business opportunity. 

This is where you come in.

If you know of a business opportunity that you would like me to post on my website let me know.  You can either leave me a comment at the end of this post or you can contact me here. 

The business opportunity must be legit, the investment should be minimal, and also be able for someone to start part time.  If you would like me to add an opportunity send me some info so I can review the opportunity.

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August 2008: A Month In Review.

September 5, 2008 By Leave a Comment

August is over and things are just starting to heat up.  So I thought I would do a quick review of some of the more stellar articles that came up.

This month I focused more on mentality because you can have all the plans and great ideas of ways to get out of debt, saving more money, and becoming financially independent but if you don’t have the mentality to stay focused long enough to get there it don’t mean a thing.  With a strong centered mentality you can do anything.

The 2 biggest ingredients to success.  Have you ever felt success just wasn’t in the cards for you?  If yes then this article is definitely for you.  Success can happen for anyone but most simply don’t know why.

How to keep a debt free mindset.  Mentality is the name of the game.  More importantly learning to keep that mindset so you can bare through the tough times.  This is always the toughest part about getting debt free.  I also want to point out that this hold true for everyone.

Including me!

Keeping a positive and negative free mindset will test you.

3 simple tips to save money around your house.  With the current conditions of the economy I felt I would share a few ideas on how I save a few bucks.  Although these are a few things I do you may know of others.  Saving money hasn’t just become an idea any more it has become a lifestyle.  Even the higher income people are looking for a few ways to save a few bucks. 

Anyone interested in sharing a few more ideas check out this article.

These are just a few articles from last month.  If there is something that you would like to hear more about that deals with getting out of debt, building financial security, and achieving financial freedom please feel free let me know.

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How to Keep a Debt Free Mindset

August 28, 2008 By 2 Comments

Getting debt free is a tough challenge.  There are many obstacles to overcome.  Such as deciding how to pay off your debt, which debt you should pay off first, or for the least part staying focused.

 

But there is one challenge that you will face.

 

Can you handle the negative pressure that paying off your debt consists of?  Keeping negative pressures off of you while you are trying to get debt free is hard simply because debt is in itself is a negative word. 

 

Think about it.

 

What is the first thing you think about when I say the word “debt?”

 

I bet they aren’t happy thoughts for the least part.  Debt in itself is a negative term. 

 

So how do you hold off these negative feelings and get past it?

 

1.  You need to except that you are in debt and that you need to solve this problem before it gets any worse.  I have seen times where people literally believe that they can’t become debt free so they create more debt by getting more credit cards. 

 

You may think that isn’t any new advice but how many of us actually like to say we are in debt.  Much less admit we need help.  Some people can be very open about it but for the most part any client I have ever talked to never liked to mention it.

 

 2.  Stay away from anyone or anything negative.  If you are a negative person by nature then go on a negative free diet.

 

If you have issues with debt collection agencies calling you don’t talk to them.  Turn of your answering machine or cell phone.  These calls will only drag you down more.

 

Also stay away from anything written that is negative.  This could be an article in the paper or magazine, something on the radio, something on television, or even the statements and other trash you may get in the mail.  You can keep the statements but don’t spend a lot of time reading them.  A lot of times I find that just reading the statement can be an emotional energy drainer. 

 

This will be hard to implement just because most things generally are geared to a negative aspect.  With all the negative trash out there these days this will definitely be a test of your will. 

 

3.  Put an achievment poster together.  This is a simple picture which will show you all the exiting benefits you will receive once you are debt free.  This can be done on a big poster board all the way down to a simple sheet of paper. 

 

The idea is to put a list of things you will do once you are debt free.  If you want to go one step further type them out and then put pictures with each thing you will do once you are debt free. 

 

For example if your goal when you become financially debt free is to go on a nice vacation to Aruba.  Then find pictures of what it would be like once you achieved this.  Such as a picture of a couple sitting on the beach watching the sunset.  Then post it on your refrigerator or in a familiar place so that you will see it everyday.  This way it reminds you of what you will achieve once you get there.

 

4.   Have fun!  Being in debt doesn’t mean that you can’t have fun.  It just means you can’t spend money like you got holes in your pockets. 

 

They’re lots of things you and your family can do to have fun while trying to hold down extra spending.  You can go to the beach, invite a few friends over, or take a walk.  Those are a few things my family and I have done.

 

Get creative!  Make it fun. 

 

Last but not least.

 

Don’t wait to implement these ideas.  Start now.  Don’t just let this be another article you read, do it now.  I find somewhere between reading and doing most people get lost.  Maybe that’s why so many people just can’t get out of debt. 

Filed Under: Debt Managment Tagged With: , ,

3 Objectives this Blog will Help You Achieve

August 25, 2008 By Leave a Comment

Don’t be afraid to stumble a few times.

I started this blog for 3 major reasons.  Three things several million Americans are trying to achieve today.  With this blog I hope to take some of the mystery out of achieving these goals but first I feel it’s important to relay one important principle to you first.  Don’t be afraid to stumble a few times.

You have to stumble forward to win!

All the greatest achievers in history have one thing in common.  They didn’t give up.  They stumbled forward and got through the tough times.  They faced fear in the eyes and won. 

When Thomas Edison attempted to invent the light bulb he failed more than 10,000 times.  When someone said to him that he had failed 10,000 times to make a light bulb, Edison simply replied he didn’t fail 10,000 times he just found 10,000 ways not to make a light bulb.   Edison could have given up after the first try but he didn’t.  Just imagine if Edison did give up after the first few tries.  Where would we be with out that simple little invention today. 

That is just a brief overview of what stumble forward is about.  Stumble forward is about not giving up and pushing forward.  I was once told the only differece between a rut and a grave is the depth of the hole.  We all fall in a rut now and then but that doesn’t mean we’ve been condemned to a grave.

With that on the table Stumble Forward deals in three major areas. 

1.  Going beyond debt free.  This is a big issue lately in the U.S.  Did you know that there is more   consumer debt  today  than corporate and goverment debt combined.  We as consumers are spending more than ever.  For every dollar the average American earns we spend roughly $1.15.  No wonder most Americans are in debt up to there eyeballs.  That brings me to my next issue.

 2.  Becoming financial secure.  It’s not just about getting debt free.  Once you get debt free you have to build financial security or you will run the chance of falling back into debt.  With proper planning this can be farley simple.  Becoming financially secure deals with properly setting up an emergency fund and making sure proper documents are in place to protect you in case an emergency should arise.  Finally, once we have installed financial security you need to…

 3.  Build financial freedom.  Most Americans want to achieve this however most don’t.  We want to  fire are boss and be free from punching a clock.  To be able to run are own business and not have a boss breathing down your neck.  There are many ways to achieve this from starting your own business to proper financial planning.   Also, there are other great benefits I will talk about in future blog post such as tax benefits, time management benefits and of course personal benefits.  

Overall, going beyond debt free and becoming financial secure are the two biggest issues that will be covered in this blog.  The reason being because most American are facing these challanges more than ever.

Finally, do you want to help fight the war on debt?  Don’t let you or your family become another statistic and sign up to are RSS or via email and receive the best in tips and new content.

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