Connect with us

Success Advice

How to Have More Money: 5 Secrets You Need to Know to Be Wealthy

Published

on

how to have more money
Image Credit: Unsplash

Why are some people wealthy, while others struggle to survive, living pay check to pay check?  You can take two people from the same background, even the same family, with the same education and opportunity, and they will get different results. One will succeed, and one will fail. Why? Watching members of my own family get different results even though they were given the same information taught me valuable life lessons about building wealth.

My grandparents were hard-working, blue collar immigrants. They openly shared their good money habits with their four children. They all lived under the same roof and received the same information. Three of the four even had the same career, yet, their results were drastically different. I want to share my observations with you so you can learn what works when creating financial freedom.

Here are 5 proven secrets you need to know to be be wealthy:

1. Be Grateful

My grandparents spoke with love and appreciation for the opportunities available in their new homeland. My parents complained about money even though they earned plenty. Their lack of satisfaction led them to fund their lifestyle with money they didn’t have, accumulating a lot of debt. They fought over money and blamed each other for their results. Their constant bickering caused me unbearable stress. When you show appreciation, you get more of what you want. What are you grateful for today?

Here’s an easy way to show gratitude. Start and end each day stating out loud what you appreciate. It can be your health, family, friends, a thriving business. State your gratitude intention in the present tense. Here is an example…”I am so happy and grateful now that…. and you fill in the blank.

“You must gain control over your money or the lack of it will forever control you.” – Dave Ramsey

2. Be Generous

My grandparents regularly gave to their favorite charities and helped neighbors in need. Having the courage to be generous when you are struggling shows the Universe you’re confident in your ability to create what you need. Where can you show generosity today? How about donating your time, talent or money to a cause that matters to you? Sharing your passion in a special way often provides a renewed sense of purpose that gets your creative juices flowing.

3. Create A Plan and Take Daily Action Toward Your Goals

Only one of my grandparents children had a plan. My uncle and his wife lived within their means and had a lovely lifestyle. He didn’t earn more money than the others. My uncle made choices that gave him better results. His siblings spent more than they made, all the time. They thought they were living the good life, but the stress of being over extended and not having any savings took its toll financially and emotionally.

Do you set goals? Here’s an easy system to stay on track. First, create a written list of your goals and prioritize them. Write each one on 3 x 5 card that you read aloud daily. This will provide triggers that stimulate action. As you hit your targets, check them off your list. You will feel a rush of satisfaction that inspires you to keep going.

4. Have Honest Money Conversations

Nonnie and Grandpa were comfortable talking about money. This is the secret successful people have in common. Money doesn’t make them uncomfortable. They are comfortable with money. Developing a comfort level with money starts with knowing how to talk about it without getting emotional.

To have a successful money conversation, start small. Think of a money topic that is light, such as planning a vacation. If you have someone that is part of the planning process, make a vacation planning date with them. Start with general questions like where to go, when, and for how long. Once you’ve narrowed down your options, decide on a budget. Once this system becomes second nature, money conversations will be a breeze.

“Never spend your money before you have earned it.” – Thomas Jefferson

5. Live Within Your Means and Include Savings In Your Budget

My grandparents didn’t earn a lot of money in their day. Because they managed well and were consistent savers, they left their children a small inheritance when they passed. In contrast, one of their children died penniless. One lost everything and is living in government housing for the elderly. One had to downsize considerably, barely hanging on financially.

Their one child that copied their money habits retired comfortably. He enjoys financial freedom, experiencing life on his terms. His outcome proves your decisions and behavior create your results, not the size of your pay check.

What money choices will you make? This is essential – know your numbers. Use an online app or a spreadsheet. Include your take-home (net) income and any other income sources (dividends, interest, etc.).

Next list your expenses. Separate them by essential, and discretionary categories. Include savings in your budget. If you want to increase your savings, look for ways to reduce your discretionary expenses. Don’t forget subscription expenses. These are often overlooked and can add up fast. If you have subscriptions to goods or services you’re not using, consider cancelling them to save money.

As you can see, achieving the level of wealth and financial freedom isn’t as difficult as you might think. If you practice these 5 simple habits, you will be on your way to attain your money goals. Remember, live your life by design and not by default.

Therese R. Nicklas is a CERTIFIED FINANCIAL PLANNER™ and Certified Money Coach(CMC)®, founder of The Wealth Coach for Women, Inc. She’s passionate about helping women attain financial freedom so they live their life by design and not by default. Learn more about Therese at https://wealthcoachforwomen.net. You can download her eBook, filled with tools and tips to help you attain financial freedom “The Money & Life Playbook”.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

15 Essential Habits to a Stronger, Healthier, and Happier You

The journey towards transformation is not about perfection but about progress

Published

on

building positive habits

What habits can truly transform your life? That’s what you’re here to uncover. In our no-nonsense guide, we’ll introduce you to 15 habits to change your life, each with the power to improve your day-to-day existence.  (more…)

Continue Reading

Success Advice

19 Common Characteristics All Visionary Leaders Have

Published

on

visionary leadership qualities

When you look at business leaders like Bill Gates, Sam Walton, Sir Richard Branson, and philosophers like Bertrand Russell, Martin Heidegger, Ludwig Wittgenstein, David Bohm,  C. S. Peirce and inventors like Nikola Tesla, Paolo Soleri, Harvey W. Bailey, Thomas Edison, Alexander Graham Bell and Wright brothers and political leaders like Mahatma Gandhi, Martin Luther King, Jr. and Aung San Suu Kyi, it becomes very clear that they are all connected through one leadership—visionary leadership. (more…)

Continue Reading

Success Advice

Wealth Lessons Everyone Should Hear for Every Stage of Your Life

Do you have the courage to rewrite your story?

Published

on

what i would tell my younger self

Do you see what I see? Likely not, as we each see ourselves through the lens of our own story. (more…)

Continue Reading

Success Advice

How to Choose the Best Affiliate Programs for Your Blog

If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers

Published

on

how to choose the best affiliate programs for your blog

Picking the right affiliate programs for your blog is really important. It can make a big difference in how much money you can make and how much your readers get out of your blog. With so many choices out there, deciding which ones to go with can be tricky. 

This guide is here to make it easier for you. It will give you clear steps and helpful tips to choose affiliate programs that fit well with what your blog is about, what your readers like, and what you stand for. 

For more articles on this theme, please head over to this blog https://blog.partners1xbet.com/.

Understanding Affiliate Marketing

Before you start picking affiliate programs, it’s important to really understand what affiliate marketing is and how it works. 

Basically, affiliate marketing is when you promote a product or service on your blog, and then you get paid a little bit every time someone buys something or does something because you recommended it. 

It’s great for both the person selling the product and the blogger, because the seller gets more sales with low risk, and the blogger can make money from their blog.

How to Choose the Right Affiliate Programs for Your Blog

1. Assess Your Niche and Audience

The key to doing well in affiliate marketing starts with really knowing what your blog is about and who reads it. Consider the following:

  • Your blog’s content: What topics do you cover? Ensure the products or services you promote are relevant.
  • Your audience’s interests and needs: What solutions are they seeking? Choose affiliate programs that offer products or services that solve their problems or enhance their lives.

2. Research Potential Affiliate Programs

Once you know what your blog is about and what your readers want, start looking for affiliate programs. Choose ones that are well-known for good products, great customer service, and helpful support for affiliates. Resources to find these programs include:

  • Affiliate networks like ShareASale, Commission Junction, and ClickBank.
  • Direct searches for “[Your Niche] affiliate programs” in search engines.
  • Recommendations from other bloggers in your niche.

3. Evaluate the Commission Structure

The commission structure is a critical factor to consider. Look for programs that offer competitive rates that make your efforts worthwhile. Consider:

  • The percentage of commission per sale.
  • Whether the program offers a flat rate per action (e.g., per sign-up).
  • The cookie duration, which affects how long after a click you can earn commissions on sales.

4. Consider the Program’s Reputation and Sureness

Join affiliate programs with a solid reputation for quality and sureness. This not only ensures that you’re promoting good products but also that you’ll be paid on time. You can:

  • Read reviews from other affiliates.
  • Check the program’s history and background.
  • Look for any complaints or issues reported online.

5. Analyze the Support and Resources Offered

A good affiliate program gives you things like ads to use, training on their products, and helpful managers. Having access to these resources can really help you do a better job at promoting their products.

6. Understand the Terms and Conditions

Before signing up, thoroughly review the program’s terms and conditions. Pay close attention to:

  • Payment thresholds and methods.
  • Any restrictions on how you can promote their products.
  • The program’s policy on affiliate marketing on social media platforms.

7. Test the Product or Service

If possible, test the product or service before promoting it. This firsthand experience allows you to offer genuine charge and build trust with your audience.

8. Look for Recurring Commission Opportunities

Some affiliate programs pay you again and again for subscriptions or services that charge fees regularly. These can provide a more stable income compared to one-time sales commissions.

Implementing Your Choice

After choosing the best affiliate programs, the next step is to smoothly include your affiliate marketing in your content plan. This includes:

  • Creating valuable content that naturally incorporates affiliate links.
  • Disclosing your affiliate affairs transparently to maintain trust with your audience.
  • Tracking your results to understand what works best for your audience and adjusting your strategy accordingly.

Picking the best affiliate programs for your blog involves careful planning, research, and making sure they match what your audience likes and needs. 

If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers. 

The real key to doing well with affiliate marketing isn’t just about the products you talk about, but also how much your audience trusts and values your advice. 

With enough time, patience, and hard work, your blog can grow into a successful space that earns a good amount of affiliate money and helps your readers choose the right products.

Continue Reading

Trending