Starting a Blog is one of the many easy online businesses you can start and, if you follow these steps, you can make substantial income. You don’t need to be tech-savvy to do it. Read this article to the end, where we will walk you through the entire process; from start to finish. Your blog will be up and running in no time!

Let’s get started.

You probably have been googling how to start a blog; you read other people’s blogs and wonder: how to become successful like other bloggers. Perhaps you’re a stay-at-home mom, or you’re currently stuck at your 9–5 job, and you’re overwhelmed. Perhaps you are temporarily out of work and trying to make ends meet. Whichever reason fits you, the time to start your blog and make money online is now.

If you want to start a blog for fun and share thoughts that comes to your mind with the world, that’s quite easy; but starting a successful blog is different from just starting a blog. In this post I will show you exactly how to start a successful money-making blog.

1. Find Your Niche

Firstly, you must figure out what it is you wish to write about. It may be challenging at first but my suggestion is to take some time to truly think about what you want to write about. Use a pen & paper, do some Google searches; whatever works best for you, until you come up with a niche that you’re truly passionate about.

So to figure out your niche, ask yourself this question:

What are you passionate about?

Do you enjoy talking? What is your area of expertise or have deep knowledge of? What’s that topic that you surf the internet about consistently?

Is there an Existing Market about it?

We have all heard about “supply and demand” (hopefully). Your greatest chance of making money online is choosing a niche that there is an online appetite for. So, how do you find out if there’s an existing market for your chosen? One of the easiest ways is to type in your keyword and see if there are many questions regarding that topic. Additionally, there are several online tools such as Google Keyword Planner and Keyword Sh*tter which will give you an idea on various keywords’ online popularity. Conversely, you may want to shy away from overly popular subjects in your early stages, as these may be highly competitive and difficult for your new blog to be ranked on the various search-engines. Take your time and do your research and you will find a viable niche.

Can you monetize it?

Our goal here is making money, yes? The next step will be considering suitable ways to monetise your blog. Displaying advertisements, sponsored post and linking relevant affiliate products (affiliate marketing) to elements of your articles are the most common ways. It’s easy.

2. Choose A Blogging Platform

There are various options; however, the most commonly used platform is WordPress. If you’re reading this on LexMedia.tech, you’re looking at a WordPress site, in addition to 30% of all the websites currently online (and growing). I prefer and recommend WordPress because:

• There is an endless selection of themes, plugins and widgets (both free and paid), which you can use to customise your site in to virtually anything.
• WordPress is highly optimized for search engines and monetisation. With this in mind, you certainly want to choose a platform that give you the best chances of getting found and your blog being read.

What You Need To Start A Blog

Here’s what I recommend:

• You first need to decide on a name for your site, we recommend using namecheap
• You will need hosting, somewhere for your site to reside. We recommend SiteGround. It’s fast, affordable and you get excellent customer support.
• Building your site using the latest version of WordPress. This will ensure you have the latest version of all your chosen themes and plugins, thereby ensure the security and seamless function of your site.

Installing WordPress site is usually a simple, one-click process through your web hosting service.

Follow this guide and implement the steps, and you will have a fully functional WordPress blog.

So let’s get started.

Steps To Build Your Blog:

• Choosing a domain name
• Registering your domain and Signing Up for Hosting
• Installing WordPress
• Installing a Theme
• Adding important pages to your website

Step 1. Choose A Domain Name for your Blog

Choosing a domain name is the very first step you must take to build a website. Your domain name is the address your website visitors will type into the search bar when they want to visit your site. Example, yourdomain.com

Having your own personalized domain shows that you’re ready to build a serious business. And it’s just $10–15 per year.

The only challenge you may have is finding or choosing the domain you want because most names are taken. It’s getting tougher and tougher to find one; you just need to be creative

You’ll see a few different endings out there — example .com, .org, .net and others. The .com is by far the most popular and what most people expect; however, use of the other types will not adversely affect your search engine favourability.

It’s also a good idea to choose a name which is available across all your social media accounts. Go to namecheckr and see if the domain and social media accounts are available. You certainly don’t need ALL social media accounts, but I’d think about the top 4 — Facebook, Instagram, Twitter and Pinterest. Even if you don’t start using all of them immediately, reserving them for the future is a great idea. (It’s what I did)

Tips For Choosing A Domain Name

• If you are building your personal brand website, then use your name. (http://www.yourname.com)
• If you are building a website for your business, then use your business name. (http://www.yourbusinessname.com)
• Use the general domain name extension, such as .com, .org
• Keep it short and simple, to make it easy for your readers to remember.

Check if your name is available, if it is, don’t procrastinate; snatch it up. It may not be there the next time you go looking.

I use Namecheap and I love their services. It’s cheap, easy to use & has fantastic customer support. I also recommend it because it easily integrates with most other tools.

You can still buy your domain name from Siteground if you’re okay with the price. We will get to that shortly.

My domain name registrar is not the same as my host. That’s a personal preference.

If you decide to buy your domain name from namecheap follow namecheap’s guide on how to change DNS for a domain name and point your domain name to Siteground.

Step 2. Register A Domain And Sign Up For Hosting

In addition to having a domain name, you will also need a web host.

Web hosting is the service that stores the content of your site securely on a server. Without a web host, your website will not be accessible for others.

It’s important to choose a good host for your website. Because the last thing you want to deal with when creating your website is a slow loading site and poor support.

While I have not done the research myself, I have followed the published advice of multiple independent reviewers who agree that Siteground is the best of the lot. It’s only $3.95 per month and includes an SSL Security Certificate to protect your site. (https:// instead of http://)

STEP 3. Add Necessary Pages

There are pages that are necessary that you have on your blog from day 1.

They are:

About Me : This page lets your visitors know who you are, what your page/brand is about and how you will add value to their lives.

Contact Me Page: This page should have a contact form, so that your readers can contact you and other optional information such as email addresses and physical location.

Privacy Policy: This page acts as a form of legal protection for your page. Upon installing WordPress, there will be a standard privacy policy page. Edit and make changes so that it suits your website and then publish it.

Steps 1–3 are all relatively manageable; however, if you want a website that has additional flare to ‘wow’ your visitors from their first visit, contact our sister company Lex Marketing. Our experienced developers have built tens of attractive websites affordably. Additionally, if you mention LexMedia2021, you will get an automatic 30% discount off the overall cost of whatever services you require.

After you have done these, it’s all a matter of creating your individual blog entries.

Step 4: Your Blog Posts

On average, each blog entry should be around 1000–2000 words, minimum. A good practice is to do a bit of market-research. See what your competition is doing. Check out successful blogs with similar articles and follow their lead (to be clear: i’m not suggesting that you copy their articles).

I also recommend having 5–6 completed articles, minimum before you launch your blog to the world. Thereafter, try to post with regular frequency; whether daily, weekly or bi-weekly. Whatever suits your schedule.

Once the articles are complete, apply the monetization strategy you decided on. As a new blogger, don’t expect the money to start rolling in immediately; it takes time. However, once you’re consistent, use relevant keyword, follow the rules of SEO and provide an overall high-quality piece of work; with time your traffic flow will steadily increase.

Check out our other article on 10 Online Business Ideas for 2021.

This post contains affiliate links, which means I may receive commissions if you choose to purchase through the links that I provide (at no extra cost to you).

The post Starting a Successful Blog in 2021 appeared first on Lex Media.

It is said that if you are living only off of the salary from your job, you are only one step away from poverty. These 10 online business ideas will give you all the inspiration you need to start making money online, increasing your income sources and making passive earnings.

Starting a profitable online business is no longer a secret as many more people are starting their online business and making money remotely without necessarily having a brick and mortar shop.

Here are some of the ways they are doing it:

1. Monetize your knowledge and deliver online classes

If you have skills that are in demand, consider making money off of your knowledge. The best thing you should do is to teach and create classes.

If you’re concerned about the technical aspect of selling online courses, don’t be. There are services that make it easy. For example, PODIA is an online service which enables you to create, upload and sell online courses all in one platform.

What do you know how to do well? It could be hobbies like baking, crocheting, sewing, tech skill, marketing, productivity. It can be anything which you can teach others to do and get paid for your knowledge.

Possibly you’re already teaching people this knowledge for free. Now with platforms like PODIA, you don’t need to worry about the tech aspect of creating and selling your knowledge, you simply need to sign up with PODIA, use the platform and sell your classes with ease.

Podia has everything you need to sell online courses, webinars, downloads, and memberships without worrying about the tech.

2. Freelance Writer

Today, writers are in great demand and, the good part is that, you can easily make a living online. The internet has given freelance writers the opportunity to cash in on their skills and you can start earning at least $100 daily as a writer.

This is one skill that you can learn with ease and make money.

Here’s how you can make money from home writing in your spare time in just 30 days or less.

3. Virtual Assistant

What if I told you that within the next 30 days you can start a successful virtual assistant business from scratch, simply using many of the skills you already have!

Here’s everything you need to know about How to become a Virtual Assistant.

4. Facebook Ads

You can become a digital marketer by helping entrepreneurs get steady stream of income by setting up and managing their Facebooks Ads for them.

Lauch your Facebooks Ads online business with this helpful resource

5. Start a Blog

Blogging is relatively easy to start and has an unbounded earning potential, as there are countless ways in which you can monetise your blogs.

Once your blog is started, you will begin to attract organic traffic, in addition to whatever other sources you choose to drive traffic to your site. Additionally, you can easily further monetize your blog by displaying ads.

You can apply to Google Adsense even if your blog is new.

You can start a profitable blog by following the steps in this guide.

6. Website Design

Do you know how to design websites? There are lots of entrepreneurs who will pay you to design their websites for them.

To become a successful web designer, and be taken seriously; you must first, of course, create your own website. Because you can’t say you’re a web designer and not have your own website.

So if you know how to create websites but aren’t currently charging for it, this could be the prime opportunity for you to start your own online business today.

7. Affiliate Marketing

Affiliate marketing is one of the easiest ways to make money online.

You simply need to choose the right products to promote on your blog or social media platforms and make money.

You don’t need to deal with the steps of creating your own products from scratch.

Grab this book and learn how to become a seven figure affiliate marketer in today’s digital world.

8. Online Courses

Creating and selling your own online course is another great way to make money online. You can learn how to create and sell your own online course and make six figures from it from this book titled “Knowledge is the new Gold”

9.Online Store Ideas

You can make money online by starting an online store. Whether you are selling your own items or doing drop-shipping.

There are many online services such as Shopify which make this process super easy, even if you aren’t tech-savvy!

10. Social Media Management

If you have a tablet or smartphone, this may be the strategy for you. Instead of scrolling through your Instagram page, Twitter feed, Facebook and Pinterest, you can get paid to manage the social media accounts of some business owners who are too busy to do it for themselves.

Many entrepreneurs are looking to increase their reac expand their audiences and scale their businesses on social media. If you are good at creating content and engaging with people on social media, this may be the online business idea for you.

Check out this book which teaches you all about the finer details of Social Media Management strategy

Pick from any of these 10 Online Business Ideas you can start quickly today. Like every other business, if you don’t start you will never truly have a success story.

So take the step and write your success story yourself, because if you don’t, nobody will do it for you.

Comment below and let everyone know which idea you would like to try or how it has worked for you!

This post contains affiliate links, which means I may receive commissions if you choose to purchase through the links that I provide (at no extra cost to you). Thank you for supporting the work I put into this site.

The post 10 Online Business Ideas appeared first on Lex Media.

For a limited time only, you can access this superb make money online system for FREE, usually sold by James Jordan for $97.

It’s jammed with no-fluff, money-earning tactics, that are tried and tested to work really well. Take a look, hundreds of people have already benefited; what do you have to lose?

The post Make Money Online appeared first on Lex Media.

If you want to get ahead, you have to make risky or difficult life decisions. And then follow through with these decisions until it’s a lifestyle over an extended time.

What are the key financial decisions that can change your life for the better and the future?

1. Live below your means over a consistent period

Living below your means is spending less than you earn. While obvious and a bit of a broken record, it’s one of the core concepts of financial freedom.

Moreover, it’s a significant decision to adhere to this lifestyle over an extended period. Not for a day or week out of a year, but consistently.

What are solid examples of living below your means?

• Living with roommates when you can afford to live alone
• Purchasing a smaller and more affordable home even if you can qualify for a more expensive home
• Spending a low percentage of your credit card limit even when you can spend more
• Buying a used car instead of a new or luxury vehicle
• Focusing on needs instead of wants

Living below your means does not mean cooking at home on Friday night instead of dining out with drinks galore. It’s one night. If you apply this discipline consistently over weeks and months, that is living below your means.

Each person’s “necessities” differ as well. I skip out on expensive gym memberships and exercise at my local gym because that’s the most effective solution for me. On the other hand, other friends are willing to drop $200 a month for the best of the best, which motivates them to work out daily.

Spend your money on what is important to your happiness, not to impress others. I drive my trusty used Honda Civic because cars don’t provide me fulfillment.

I really need it for two purposes:

• To get from Point A to Point B.
• To be safe

There are definitely things I’m willing to splurge on, one of which is housing. In terms of living arrangements, I’m at the point in my life where I no longer want to live with roommates. For years, I’ve done that, and after purchasing our home, we decided to prioritize our privacy and sense of peace.

2. Getting a new or additional job

Your current job may not be enough to make your ends meet. Or maybe it’s just enough to get by each month.

You need to make the conscious decision to get a new job to improve your income or take on a second job to supplement your current salary.

When I was a college student, I wanted to make as much money in my part-time jobs as possible to pay off my student loans quicker.

While I enjoyed my friendly team and stress-free job on campus, I knew to further my career and increase my income, and I had to leave eventually.

So I decided to do the following:

• Apply for jobs that paid more
• Choose an opportunity that aligned with my career path.
• If I had enough time, apply for a second job.

I went from minimum wage to $16/hr. I then decided to apply for another part-time job to match that $16/hr pay. Not bad for a broke college student. While they weren’t perfect career solutions, both jobs got my foot in the door to embark on my professional career.

It wasn’t easy working 30 hours a week as a full-time class schedule. But I persisted with this rigorous schedule during my last two years of college, and the reward paid off tremendously.

3. Moving to reduce your cost of living

While this is a drastic decision, it can be instrumental for several reasons.

Moving to a cheaper apartment in the same city or moving to a different state altogether.

Below are some of the benefits I noticed after relocating to Washington.

• No state income tax = more money in my bank account!
• Higher salary
• Fewer distractions
• Cheaper rent and houses

Moving to a state without state income tax felt like an instant raise on top of my higher base salary. And I knew I would almost double my salary with relocating. While there were opportunities in my suburb, I’d have to venture further into the city or another state to make something more comparable to my experience.

The pure truth is that I had fewer friends after my move. My after-work activities were minimal, and I focused my time on work. Eventually, that translated to a fatter wallet. Fewer friends equaled fewer brunches, dining out, and nights on the town.

4. Start budgeting with a purpose

You have to tackle debt like no tomorrow, and that starts with budgeting.

Set up what your goals are and then subsequently calculate your income versus expenses. Whether it’s an app, cash envelopes, or spreadsheet, find the best resource that works for you.

Separate your fixed expenses like your mortgage, rent, car payments, and student loan payments. Then follow with your flexible expenses like groceries, clothes, travel, and entertainment.

In college, I started with spreadsheets and would notice my spending balloon in certain categories during specific times of the year. November and December were big spending months as I would go crazy and buy gifts for my loved ones without a budget in mind.

Once I noticed the astronomical amounts, I started budgeting for gifts earlier in the year. I would want to save $500 for gifts during the holidays and stick with that amount. I would make purchases for celebrations in small increments rather than blowing my savings during Black Friday.

It can be a comforting feeling when you start budgeting and feel like you received a raise.

Takeaway

To build your wealth and reach significant financial goals, grit is key.

You have to make conscious decisions every day and prioritize where your money is going. Lifestyle inflation is a tempting trap that can suck people in as they receive raises or climb the corporate ladder.

But it’s the substantial decisions to live below your means, increase your income, relocate to reduce your cost of living, and starting your budgeting journey that ultimately shapes your financial future for the better.

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.

The post 4 Key Financial Decisions That Can Change Your Life appeared first on Lex Media.

The reality is that everyone has the same opportunity to be rich. Some may face greater obstacles than others. But the opportunity is there for everyone to seize.

Have you ever wondered why some people are rich, and others are not? Mostly it’s because of their lifestyle and mindset.

Many people spend their entire lives lamenting the situation in which they were born, while others strive every day to change it, and that differentiates us.

Also, they still believe in easy money and that everything is a matter of luck. That is why there are still companies that steal money from others by promising to double it in a week.

There are still a lot of people that do nothing because they feel that one day “their time will come” and believe that wealthiness is a matter of divine luck.

But having money or “financial freedom” is more a matter of habits and effort than “luck or easy way,” and there are many habits that do not allow you to achieve that goal.

From living beyond your means to having a single source of income, I bring you 10 signs that say you will never be rich.

1.- Having  a full-time job and work

The facts are that most affluent millionaires have one thing in common: None are employed.

Some reasons are:

• An entrepreneur spends many more hours on average, analyzing and structuring their investments.
• Entrepreneurs hardly take their financial situation for granted. They are always on the lookout for unfavorable changes, and this causes them to dedicate time and effort to take care of their resources.
• They have to take care of their own financial situation as no one else will do it for them.
• Being an entrepreneur means taking more responsibilities and risks. Get out of their comfort zone and create additional income sources.

In school, we learn that hard work will get us ahead in life. But “that’s only half the story,” says Ric Edelman, a top financial adviser.

When you are an employee, you are used to a salary. If that salary gives you to live comfortably, take vacations, and pay your bills, then you are hardly looking for something else.

However, almost no one becomes a millionaire by saving from an employee’s salary. So one reason you won’t be a millionaire is that you only have one job.

In my case, I spent 10 years of my life waiting for my salary to increase and working extra and giving my best, but my bosses only increased me when I wanted to go to another company, not because “I deserved it.”

I realize that bosses don’t really care about your performance as long as you do your work correctly, and if you are in a company that only cares about the money, you will not earn anything extra for your efficiency.

So eventually, I decided to make a change; instead of waiting for a salary increase, I started working only the necessary in the company and using my energy and time for personal projects.

The result was to increase my monthly income by 150% between investments and entrepreneurship. I have learned a lot about investments, and I hope in 2021 to become totally independent.

2- Putting too much emphasis on saving

If in January you put $1000 in a bank account that generates 1% annual interest, you will currently have $10 earned. However, if in January 2020, you had bought 3 shares of Netflix for a value of $324. Currently, you would have $580 earned.

I’m not telling you that you should invest all your money in stocks; that requires analysis and knowing the market. What I mean by this is that there are better ways to use your money than leaving it in a saved account.

Saving in a bank account monthly will not make you a millionaire. Invest wisely and use those savings to create additional forms of income will.

There are many (and even safe ways) in which you can use your savings today that can help you generate more income tomorrow. For example, one of the investments that I am currently doing is buying courses. Knowledge is one of the best ways you can invest your money.

I learned to invest my money wisely, and I was trying different forms of investment—for example, deposit certificates and shares.

That money in a bank account would have allowed me to buy a new handbag, but now I have new forms of income that will allow me to retire earlier in the future.

3- Believing in “easy money”

There are many businesses that promise you “financial freedom.” Today there are still many people who believe that they will get rich with them, but they do not really work to make you rich.

According to David Olariyone, some of them are:

• Gambling. In gambling, the system makes people lose money. And also to make someone feel lucky. Gamblers lose much more than they gain over the long term.
• “No-Product” Network Marketing. A network marketing without a product will eventually turn into a form of a Ponzi scheme. If you are lucky enough to be one of the first to enter, you will get money fast, but it eventually becomes an unsustainable business, and if you have your money or your friends there at that moment, you will lose everything.
• Lending money casually. Family members will not take your service seriously. If your family does not want to pay you, you will not put them in jail. No matter how professional and legal you want to do business with a member of your family, it will always be something that will look casual.
• Playing with Cryptocurrencies. Cryptocurrency is not a way to make money; it is a way to keep the money, like to have your money in another currency. You can win big quick and lose big, even faster. If you don’t know what you are doing, you will be full of regret later.

If you want to earn a lot of money, work, invest your time and money, learn about what really works, and be consistent.

Everything I’ve accomplished so far has been hard work. From the outside, maybe other people will think it is luck, but every day (even on vacation), I have been getting up early to grow in those personal projects.

4- Never learning anything about money

If you don’t learn how to drive properly, you will never get a license. It is not safe for someone who doesn’t know basic rules to ride in a vehicle. The same goes for money.

If you don’t know how money works, you will never make money work for you.

I know people who do not know how taxes work or why companies reduce certain amounts of their salary. I always wonder how they know that they are not being scammed if they do not care about what the companies are using their money on.

Financial education enables people to better visualize their opportunities, make smart decisions, know where to get help, and take action to resolve conflicts.

Thanks to this benefit, the government has returned me up to $ 1000 for education. Using credit cards wisely, I got a “free” roundtrip flight to Boston, and I know how to make money work for me.

It was not until I took the time to understand how banking institutions work, did I realize that loans and credit cards, in general are a problem instead of a solution if they were not for a specific purpose. Many people believe that credit cards are to spend and spend. You need to learn how to leverage good debt and avoid bad debt.

5- Not having goals for your money

Every year I make a budget spreadsheet and plan what I want to achieve with my money.

That allows me to work with more passion for achieving and not wanting to spend my money on unnecessary things.

The best way to save and increase your income is to have a goal for your money. If you do not know what you want to have money for, then it would not be logical for you to save; it would not make sense to save it.

Do you want to buy a house? Get a new car? Travel the world? Those are valid goals that you can write in order to save for it.

Most of the people who do not have a goal with their savings do not have a single dollar in the account. They live from day to day and enjoy the now. If you don’t know what your financial goals are, you can’t start working to accomplish them.

The first thing you must-do if you want to be rich one day is to know the reason you want to be rich.

6-You haven’t started investing

Investing is essential to good money management because it ensures both present and future financial security.

Not only do you end up with more money in the bank, but you also end up with another income stream. Investing is the only way to achieve both growing wealth and passive income.

If you do not invest your money, it means that you plan to live only with your monthly salary and that you have no plans to retire until age 65.

If you want to retire early or become financially independent, investing is the way to do it.

Any investment is better than none, but you need to choose carefully.

The higher a return offered by an investment, the greater the risk of losing your money. In order to protect your wealth, you want to hold a mix of high- and low-risk investments. Diversification of your portfolio is key!

A good guide to investing is Robert Kiyosaki’s Guide to Investing.

7- Having only one source of income

Living only on your employee salary is a sign of conformity. Not looking for other sources of income means that you have no aspirations or goals to grow.

Although you are financially well off with your salary, and it allows you to have a quiet life, having different sources of income allows you to achieve financial independence, eventually.

Millionaires, on average, have seven (7) streams of income. They’ve learned that diversification and creating multiple streams of income is the key to long-term wealth creation. This is the key to achieving what many people dream of: financial freedom.

Having multiple incomes has a lot of benefits; the principal is security. If there’s anything the last decade (especially 2020) has taught us, it’s that no job is safe.

The economy takes wild swings beyond anyone’s control, and unfortunately, for most people, their only source of income is from their day job. When that reliable 9–5 disappears, they find themselves in serious financial trouble. Don’t allow yourself to fall into this trap!

8- You don’t step out of your comfort zone

To become rich is to step out into the unknown and conquer fear. Exploring new thoughts and ideas and incorporating them into our lives means getting out of that comfort zone we are accustomed to.

It’s natural human behaviour to seek comfort, avoid hardship and seek the path of least resistance. The more comfortable you are in your little cocoon, the fewer risks you will take, and fewer opportunities will come your way.

The more contracted you become with fear, the fewer people you will meet, and the fewer new strategies you will try.

The minute you become comfortable, you stop growing.

A moment of fear can screw up your life for eternity. Being comfortable and fearful has killed more ideas, opportunities, more action, and more growth than anything else combined.

If you want to grow, you have to take risks and make mistakes.

Instead of being afraid to take risks, see each opportunity to learn new skills.

Life is more than waiting for a perfect position in a company.

9- Thinking being rich is reserved for “lucky” people

Nothing in this life is a chance or divine luck.

Everything that happens to us in this life results from our actions. Getting rich can be very hard work. Thinking that becoming rich is “luck”, is an excuse we tell ourself that essentially means that you don’t want to work or take the risk to achieve anything.

People become wealthy through thousands of strategic decisions and actions that make them wealthy. They develop skills; they create products; provide services; and beyond all, provide value to other people.

It’s natural to look at someone who is wealthy and point to some “lucky” reason that they were successful. It’s impossible to know the thousands of decisions and actions that lead to success.

For example, I could write a blog post, have it go viral, accumulate a large audience, and make a lot of money. That doesn’t just happen randomly, though.

Wealthy people spend years developing skills, building a reputation, and creating value before they get paid.

10-Getting a credit card and spending a lot

Blowing your entire paycheck (and then some) each month isn’t an ingredient in the recipe for financial success. Neither is draining your savings or running up card balances. Most of the people who will never have financial health are those who spend more than they earn.

There’s good debt and bad debt. Good debt is that which you leverage to make more money than what you borrowed (principal + interest); I’ll probably write an article on this topic in the near future, so look out for it. In the mean time, this is where becoming financially literate and educating yourself about money comes into play. A great place to start is to read Rich Dad Poor Dad by Robert Kiyosaki.

If you want to be poor all your life, fill out the credit card and pay only the minimum, buy cars that are more expensive than your capacity, and never make extraordinary payments on your loan.

But keep in mind that being rich in social media is not as important as actually being rich. Impressing people who don’t care about you won’t help you live a peaceful life.

To stop spending, start by tracking where the money goes every month. Try to zero-in on nonessential areas where you can cut back. Then create a realistic budget that ensures you have enough to pay the bills and enough for investment.

That bad debt we spoke about earlier; credit cards are at the top of that list.

Final thoughts

The general population has a love/hate relationship with wealth. Some resent those who have money while simultaneously hoping for it themselves.

There are exceptions, but the reason a vast majority of people never accumulate a substantial nest egg is that they don’t understand the nature of money or how it works.

If you want to be rich, then you must educate yourself and know how the world works, because if you continue to believe that everything is a matter of luck and not work and knowledge, then I regret to tell you you will stay in your comfort zone.

Being Rich starts with your mindset and your willingness to work for it.

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.

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