Although as yet I am not out of debt but I do have a handle on it and steadily reducing it. How? By making money online.
I have built or bought websites that I try to generate income from and flip for profit. These are mostly niche websites that target specific topics or products. How I earn from them is through commissions from the various affiliate programs that I joined. For example, Amazon, Clickbank, Market Health, Commission Junction, Ebay, CashCrate plus some others. I also from time to time buy aged domains from Godaddy Auctions that I resell. I don’t have only one source that I earn from but rather various, so all my eggs aren’t in the same basket. Meaning if one fails, I have others to fall back on. Read more »
On a recent episode of House Hunters, a 26 year old millionaire internet marketer named Tony Chau was shopping around for a house in the Hollywood Hills. I really like this show and generally anything about real estate buying, selling, flipping etc., but I found this episode to be especially interesting and motivating. He already had a home in Las Vegas and was looking for a second one in Hollywood. Here you have a young successful guy who moved to America as a dirt poor 10 year old boy from Vietnam, worked hard and is now living out his dreams with fast cars, expensive homes, the ultimate dot com lifestyle of not having to worry about debt or money for that matter.
Although they never went into detail in what aspect of internet marketing he made all his money and is continuing to do so, but I do know there are quite a few online marketers out there that are making huge amounts of money on a daily basis. To name a few there is John Chow, Jeremy Shoemaker, Yaro Starak and Kevin Rose. Read more »
Isn’t that a change someone actually saying that it isn’t easy to make money online amongst the ones promising you that you can make money fast through the various get rich quick schemes that are only in place to take your hard-earned money.
If it was so easy, I should have already erased my debt and be on the road to riches which is not the case at all. It’s hard work and unless you get lucky, it definitely doesn’t happen overnight. Especially if you are new to the game and taken in all sorts of directions, you will get disappointed soon enough.
Sure there are people making money online but majority have done it through perseverance. They’ve learned the ropes, made mistakes along the way and then succeeded.
I started this blog as a means to pay my debt and get on the road to financial freedom. I realized soon enough that it wasn’t going to be easy but I haven’t given up as I continue plugging along.
If you are looking for ways to make money online, research first the area that interests you and avoid any schemes that offer overnight riches. When you are in a desperate financial situation it’s easy to get tempted by quick fix ways but they may end up being much more costly than if you invested the time to steadily build an online income.
You may have heard the term “dot com lifestyle” unless you are too busy working a regular 9 to 5 job and therefore not even close to living it. Sure it is a wealthy lifestyle which can include fast cars, expensive homes, exotic vacations and dining in fine restaurants, but that’s not what it’s really about. What it is about is having time freedom combined with money freedom, and then you are officially a dot com lifestyle member. I don’t know about you but that is what I want to achieve.
There are some bloggers out there that are living the dot com lifestyle, making money on their own schedule and operating from anywhere there is a computer and internet connection. John Chow, as an example, is one of them. He claims to make $40,000 per month from his blog, that basically doesn’t require a whole lot of time to manage since he has streamlined some aspects of his site so he can receive income on autopilot and by outsourcing some tasks, leaves him more time to enjoy simpler things like taking his daughter to the park on a Tuesday afternoon.
The dot com lifestyle is having more time to enjoy life and at the sametime not having to worry about money either. Sure there are people who have lots of money like big business CEO’s but they are workaholics and don’t have time to enjoy that money. Then you have those that have a lot of time on their hands but no money to go with it. When you have both time and money, then you have reached the ultimate goal.
In a dot com lifestyle you aren’t stuck in an office on a rigid time schedule nor are you sacrificing valuable time slaving just to earn dollars. You could be lounging in a chair at a beach in your bermuda shorts and still be able to manage your online business.
I tell you if my blog was making $40,000 a month, I definitely wouldn’t be worrying about money, paying debt, etc. Instead I too would be strolling through the park on a Tuesday afternoon, happily living the dot com lifestyle!