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4 Essential Money-Making Tips You Should Follow

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A recent study by Purdue University found that there’s an income line an individual must meet so that life feels more enjoyable. The study that was drawn from a Gallup World Poll covering over 1.7 million suggests that this income line is around $100K per year, especially for those living anywhere in America, Australia or Europe. The study suggests though the happiness curve flattens as you reach a certain degree of income, you still need money to feel happy, confident and relaxed. So how can you make more money?

Here are four money tips you need to follow to increase your income this year:

1. Find your unique PQO

“If you want to become extraordinary, you need to figure out the productive outputs that matter in your field or industry,” says the high-performance coach and bestselling author, Brendon Burchard.

One of Burchard`s keys to massive productivity – and making money – is focusing on what he calls ‘The Prolific Quality Output’ (PQO): The one thing you output that you must produce consistently to take your business to a new level.  A PQO is the essence of your business and whether you find it or not will determine how much money you`re going to make.

For salespeople, a PQO is contacting prospects. For entertainers, writers and Vloggers, it`s producing content every day. For athletes, it`s taking more throws, running more miles or swimming more laps. If you can figure out your PQO and produce more of it, then you will make more money.

“If you want to become extraordinary, you need to figure out the productive outputs that matter in your field or industry.” – Brendon Burchard

2. Build strong relationships with everyone

Moving from the bottom fifth to the top fifth of your classroom popularity can increase your income by 10 percent according to a recent study by Stanford University. Another study by psychologist Richard Wiseman also found that there`s a strong relationship between luck and the size of one`s network.

Wiseman, who surveyed over a thousand millionaires, lottery winners, and happily-married couples, noticed that building strong relationships was one thing for which lucky people were known for. They referred to themselves as ‘people collectors’ and used any chance they could get to connect with new people just to have fun.  

You can have more money if you commit to improving your social skills. Your network can give you media coverage, get you hired and promoted, and help you make more sales. First, you should understand the role that relationships play in your life and how they affect your happiness and income, then commit to becoming genuinely interested in people.

Set a goal each month to approach a certain number of people and make it a habit to follow up with these people. By the end of the year, and regardless of where you start, you will have a decent network, and you`ll feel more confident around people.

3. Be good at selling

Learning how to sell is a complementary skill to good networking. You have to become more persuasive – not manipulative, just persuasive – to convince people to pay for your products/services and buy into your ideas.

Almost every self-made millionaire or billionaire has mastered sales in one part of their lives. Look at Warren Buffet, Steve Jobs, even the Kardashians, all have a clue on what it takes to convince investors, build raving tribes, or generate enough buzz to make sure they stay under the spotlight for as long as possible.

You have to get out of your way and join the masters. Of course, the process will be painful and you will face rejections (lots of them). When someone asked self-made billionaire John Paul DeJoria what sales tip was the closest to his heart, he said, ‘look for rejections.’  DeJoria understands that the biggest hurdle people face in almost any business is rejection. If you know this in advance and are mentally prepared for it, you’ll have a much easier time staying upbeat and eventually succeeding.

“Frugality includes all the other virtues.” – Cicero

4. Have enough money to invest

When doing business, a good idea is as important as having enough cash flow to back it up. You can overcome almost every business hurdle if you have enough capital: advertising, getting mentored by experts or recruiting the best employees around…just to name a few.

You will also need money to invest in other businesses and maximize your time. The simple reason why the rich get richer is that they have enough money to invest. That`s all. You need to do two things so you can make more money:

  • Save enough money each month to invest in your business (or other businesses). The amount you need to invest according to business consultant and bestselling author, Ramit Sethi, should be no less than 10 percent of your take-home pay (after taxes).  
  • You have to work harder. Work harder and aim higher and you`ll subsequently have more money to invest

So where to start? Begin by learning how to sell. I have seen people with no degree make tons of money just because they are good with people and understand the secrets to good persuasion. If you`re still young, I suggest you get a job in sales and learn under fire – even a part-time or summer job will do you good. If you can`t, however, then I suggest you pick three sales/persuasion books of your choice and study and implement everything in them everywhere you go. This will take time and practice, but you`ll eventually reap the reward.

How do you save money? Comment below!

Marwan Jamal is a fitness and health blogger at healthline.com. He’s a great fan of the gym and a healthy diet. He follows the trends in fitness, gym, and healthy life and loves to share his knowledge through useful and informative articles.

Success Advice

How Your Friends Determine Whether You Succeed or Not

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Can anyone do without having friends? We all have our friends, we share ideas with them, talk together, have fun, and fight. Yes, that’s the baseline of friendship. But, do you know that aside from you, your friends can determine whether you achieve success or not?

There are two things in friendship which are the ability to ”love” and the ability to “influence”. This means you are loved and you are influenced. How do your friends affect your success in life? How are they one of the biggest deciding factors of your success? Let’s find out.

What type of friends do you keep? 

First, what type of friends do you keep? Who do you call your best friend? There are two different kinds of friends, good friends, and bad ones. A lot of people have lost their pathway to success and some have also found their road to success all because of the friends they keep, the people they mingle with. 

Who is your best friend? Answer carefully. Having a best friend means you find each other compatible and understanding. Analyze who your best friend is. If your best friend has not motivated you to do something positive, if who you call your bestie has never given you positive advice, lastly if your best friend has never informed and advised you on your shortcomings, then you don’t have a best friend.

This quote tells us “birds of the same feather flock together”. Countless people have changed from their good nature into a bad one all because of friends. One thing to note is, “negative people move with negative aura”. If your best friend is filled with negativity inside-out then you will surely be affected by his/her negative aura.

They influence your success with positivity or negativity 

The friends you keep can either influence you with positivity or negativity because your friends have the power to change your kind of person completely. 

This is how your friends influence you:

  1. They influence you indirectly with what they do
  2. They influence you directly by teaching and giving you advice 

Yes, that is how they influence you. For instance, you watch a movie and you like the way the actor walks. The question is if you truly like the way the actor walks, won’t you try to imitate the actor? Of course, you will.

Just the way you imitate the actor is the same way your friends can influence you with their character. However, the funny part is, they don’t have to teach you to do things like them. You just find yourself imitating and copying them gradually.

An important question to ask is, are you imitating a good friend or a bad one? If you imitate a good friend then you will be good, but if you imitate a bad person, you will surely become a bad person.

Everyone wants to succeed, a good friend will always teach, enlighten, and motivate you for success. A bad friend will only motivate you to do evil things (smoking, drinking, fight, envy,).

And you should know that things like that are a great enemy of success and even of God. So, if you have these bad elements in your life, how will you achieve success? There is no way!

And also, they can teach and advise you directly. But, what do your friends teach you? When you ask them for advice do they inspire you positively or teach you the bad stuff.? A lot of people have regretted lifelong decisions just by listening to the advice of friends. 

The company you keep has the power to influence and change you. Never forget that a positive influence will teach, motivate, and brush you up for success. While a negative influence will inspire you to become a bad person, change your good nature, and leave you with regrets in the end.

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The 3 Step Process to Building a Profitable Pitch

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As a communication coach, one of the top questions entrepreneurs ask me is how to deliver a winning pitch to potential investors. They want to know if there’s a magic formula to get an investor to say yes and buy into their dream and their business. (more…)

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The 4 Pillars of Wealth and Abundance

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Have you ever wondered what the formula for a wealthy and abundant life is? Many people have. Lots has been written about the subject of wealth creation and living an abundant life. It was a breaking point in my journey and pursuit of success when I found out that there is a clear path to achieve success in life. Thanks to those who have shared their journey, we can clearly see and follow the principles of prosperity. (more…)

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Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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