Rich people have a lot of characteristics in common that make them successful.
Ignore the guides that tell you about the theories rich people have about how they think differently. Most of it is generic advice designed to fill self-help books and Medium articles.
The mindset is simple. It’s about making your money work for you. You don’t particularly need to be a risk-taker. You also don’t need to gamble everything you have on making it big.
How many plumbers, electricians, and accountants do you know who have got rich whilst living relatively ordinary lives?
When you’re on the road to wealth, there are four paths you can take. Sometimes these paths can overlap. …
Freelancers have a habit of agonizing over the prices they charge to their clients. They then struggle to ask for more money, especially when working with the same clients in the long-term.
I believe freelancers should be looking to raise their prices on a semi-regular basis. As terrifying as it can be to broach the subject of raising prices, it’s a necessary action and you must look to take the sting out of it.
Here’s why you should raise your prices immediately.
It’s Only Right to Change Your Prices
The cost of living rises every year. Inflation rises every year. …
There’s some form of backlash against being busy these days. It’s true that you need to rest and the 24-hour work lifestyle is incredibly toxic, but everyone has to ask themselves whether they’re resting or being lazy. Are you really doing all you can to be successful?
This is especially the case for the self-employed, where it’s so easy to take an extra hour off when we don’t have a boss screaming at us to get to work.
I’m a believer in being busy. It may not be necessarily work-related. …
Branding is perhaps the most overused word in business today. Most people don’t understand what branding is, how to do it, or why they even need to do it.
A personal brand is essentially the same thing as branding, except you’re promoting a person rather than a company.
With the way the world is moving, personal brands have never been more important. Now, more than ever, you need to create a personal brand.
Everything You Do Under Your Name is a Personal Brand
I’m working on my personal brand at this very moment. This article is published under my own name and your reactions will either boost my personal brand or detract from it. Whatever you do under your own name contributes in some small way towards your personal brand. …
If I tell you, you need to make $60,000 a year to breakeven that’s intimidating for a first-time entrepreneur. A whole $60,000 sounds like a lot of sales and a lot of money. It’s easy to become discouraged.
For this article, I’m going to use a wine business targeting the higher end of the market as an example. It needs $60,000 per year just to cover its costs and make it to the promised land of profitability.
But you can use the same principles for any business just by changing the numbers.
Break it Down into Revenue Per Month and Revenue Per…
Digital nomadism looks like a dream for those from the outside. Anyone who has spent a considerable amount of roaming the world whilst working will tell you there are lots of hidden costs that most guides don’t tell you about.
Remember, we are still running a business no matter where we are in the world. Yes, it’s a real job, and we need to run things like any other professional business.
How digital nomads decide to handle personal and business costs is entirely down to the individual. But the hidden costs of living this lifestyle remain the same.
Here are the costs most people don’t think about when they’re looking through the shop window from across the street. …
Clickbait has a bad rap. I see a lot of articles even on this site lambasting clickbait and the evils that come with it.
The truth is, though, clickbait still works. Clickbait can be used without delving into the arena of fake news.
Naturally, all writers experiment with titles. My best articles are all ones that used some form of a clickbait title.
The problem is people don’t understand what clickbait means. They believe it automatically means lies.
That couldn’t be further from the truth.
Clickbait is Not Lies it’s Polarization
Make a title explaining exactly what something is about and it has approximately zero chance of cutting through the noise. Your idea isn’t original and you’re competing with thousands of other articles. …
Digital nomads are an interesting breed. For those not in those circles, they’re a mysterious crowd. Are they rich? Do they work more than a few hours a day? What are they REALLY doing?
I read a lot of articles here on Medium and elsewhere about digital nomads that are good, bad, and awful. The one thing most of them have in common is they weren’t written by actual digital nomads.
It used to bother me, but it no longer does. But these are the main myths about digital nomads I see popping up on a regular basis.
This is sometimes true and sometimes not. …
People like to focus on the big paydays. They want to work online and immediately start making thousands of dollars every month. It’s possible, but not without a considerable amount of time and effort.
The Average Joe has to watch every dollar. With living costs rising and salaries not rising with them, people are struggling.
That’s why you should never underestimate the value of an extra $100 every month. When you start to generate $100 a month from another income stream, the potential to expand is enormous.
So here are some of my top tips for adding a small income stream to your bow, with, crucially, further growth potential. …
A freelancer must have clients to be successful. Yet few guides talk about the type of clients you should aim to snag.
I believe this is an aspect that goes unnecessarily forgotten. When you’ve been in this business for long enough you start to realise not all clients were created equal.
Startups are a type of client I’m extremely wary of working with as they come with unique challenges you won’t find elsewhere.
That doesn’t mean you should never work with them, but you certainly need to put some extra precautions in place.
Startups are Often Inexperienced
Those behind startups, are naturally, trying to juggle multiple tasks at once. They’re often entrepreneurs who are new to the world of running their own businesses. …