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[Banglashi]

We attended a money-making seminar and one section of the seminar strucked me and really hit me, for it's simplicity, practicality and not to mention profitability.

Since we all are here to make money online, let me share this straightforward short tips to all of you.

These are the things I've learned during the seminar.

What are the secret of the rich people while they seemingly able to grow money on trees:

1. They only spend the money they have.

2. They prioritize savings.

They don't spend their increase.

3. They hate debt.

- They are angry with debt. They only use debt to increase business.
if you borrow money to use for expenses - it's called BAD debt

4. They live in simplicity

simplicity vs. extravangancy

5. They make their money grow.

Don't buy house if you earn. Invest in business.

When they earn a profit in their business, then the profit is used to buy house.

 

[HJVC Notes]

Don't buy house if you earn. Invest in business.

When they earn a profit in their business, then the profit is used to buy house.

Disagree. What if the person doesn't like to start a business but rather invest his/her salary in a house and turn it to passive income by accepting boarders. Point is, business is not the only way to get rich.

 

[Banglashi]

you've missed it, accepting boarders is a business
the point here of the speaker is don't spend money on your self first but on business.
you use the two words invest and accepting. these are business words not into personal houses, which this tip is referring to.
then this thread is not for you, im amazed you replied here. lol

Disagree. What if the person doesn't like to start a business but rather invest his/her salary in a house and turn it to passive income by accepting boarders. Point is, business is not the only way to get rich.

 

[HJVC Notes]

you've missed it, accepting boarders is a business
the point here of the speaker is don't spend money on your self first but on business.
you use the two words invest and accepting. these are business words not into personal houses, which this tip is referring to.
then this thread is not for you, im amazed you replied here. lol

Most of the time, employees don't have the financial resources to start a business. One of their solutions to get out in the rat race is to spend their salaries into an investment that doesn't require them to manage it constantly. In other words, they can become an investor instead of a business person and still allocate budget for themselves to improve their knowledge and at least 6 months savings before rushing into no guaranteed business venture.

 

[Banglashi]

@Harvey, investing is a form of business. spending their salaries into some asset is a form of business, they are expecting a return of money. just search on google

Business: The money put into starting and running a business is an investment. Entrepreneurship is one of the hardest investments to make because it requires more than just money. Consequently, it is also an ownership investment with extremely large potential returns.

 

[HJVC Notes]

@Harvey, investing is a form of business. spending their salaries into some asset is a form of business, they are expecting a return of money. just search on google

Business: The money put into starting and running a business is an investment. Entrepreneurship is one of the hardest investments to make because it requires more than just money. Consequently, it is also an ownership investment with extremely large potential returns.

A business aims to generate revenue using products and services, whereas an investment aims to produce a return using financial markets.

 

[Banglashi]

@Harvey you're contradicting yourself you're using the word again return. so you're expecting a return on investment somehow but you're using different words, it's a return of money the products/services on investment is your money itself, somehow you need to be aware of the investment scams, still you need to monitor where your investment is coming from and where they are going.

 

[Banglashi]

Ive been prioritizing our savings, insurances and also emergency backup funds, you don't know when an emergenc will take place so you will not get into any emergency loans.

 

[Banglashi]

Now I created my own bitcoin faucet with lots of sources of income as the ads, and have infused it with funds so that it will give away bitcoins to every claimers. Here's where the self-control can be seen by spending money on assets or income generating web sites and not just for your personal needs, after earning a profit, that profit spend 50% of it for your expenses.

Just live in simplicity and functionality.

Don't ever change lifestyle like the rich and famous, of course they can afford it, if you can say yes, to that question if you can afford it, then go for it.

 

[Banglashi]

renting a house is you're in debt every month on liabilities unless you put up some cash generating business in that rented house then you generate assets for yourself, which you have to ask permission from the landlord, usually if you rent a residential they will not agree, but when you rent in a commercial space that's different, the landlord knows you will generate income from it.

But the renter on the other hand owns the business of renting since he/she will generate cash from your monthly payment.

If you rent a house, then you can regard it as a business.

 

[Banglashi]

Here in our country it's case to case basis, people will usually squat in the squatters area sometimes even inside a village, and create a merchandise store, then people will buy from their store, but the said owner of the store has no capital to begin with they are squatting and selling at the same time, it's a different world out here and government are afraid to evict them since they are also protected by scalawag protectors like the police and the government. But in this case, this is not a good business but it's illegal since in the first place they are not doing any clean business but monkey business since there are no capital or cash outlay.

Principle in business is bottom line cash output will yield cash input, or better said as money begets money businessmen knows these that's why they grow their money to attract money.

 

[Banglashi]

Now you might ask when do we buy houses and lot, for sure I am imagining right now that you are in your own small, simple and functional rented house and earning by now, then the profits and earnings use that to buy your own house and lot again back to number 1 principle spend the profit or money that you have for your house and lot, no luxuries, no enhancements yet but able to house you in a simple, and functional house and lot but this time you paid for it cash, make sure, you enter into no loans at all with the banks or any other government agencies that provides this facility, finally you have your own that you can call your own, only the electrical and water bills are now your loans.

 

[Banglashi]

I hate debt personally first it break bonds with friends if your friends can suddenly abandon his loans with you and never pay, the same goes with your relative. I remember one time we were able to get a business at shoemart that's a food business so in demand those days long time ago, and we were very afraid of debt, but it failed because it hired relatives another if i could add is if you got yourself a business, don't hire friends, relatives or any family members? why? because they are close to you, and simply they will abuse it and not do the work when you're not watching because they know you won't harm them in any way, hire through an agency so that they will provide the police clearance, the interviews and everything it might cost too much but in the long term they have saved you a lot of headaches since if the employee they hired for you will not perform, then you have something to claim from them, and they will in turn hunt down the lazy employee, this is based on my experience.

 

[Banglashi]

You know that time is gold. Spend considerable and quality time with websites that can earn you money, that's why i spend my whole day here on this forum because it makes me money every time i share my payment proof screen shots and review websites that has affiliate program that is not here yet. That is tip #1 spend money that you have, i already have my isp which i pay and i spend it on income generating websites and that is bmf

 

[Banglashi]

Yes I agree with you my brother, sad but true, no one wants to do it their everyday life, it's just plain practical and frugal living. It's so easy if you want to grow money, increase your savings and earnings, and decrease your spent.

So simple even the philosophical can't get it at all.

It's really good and beautiful tips
Living in simplicity Stay away from debt and save money, investment and work from the money they earn

 

[Banglashi]

with your talent why not create an offline shop put some tarpauline ads in your front yard that you can design artworks, graphics and so on? you might end up having a customer?
or erect some shop near those traveled by lots of people.
don't spend money at all if you do this, try to improvise, try to be creative if you do this.

since i have my businesses online all i have to do is work here at my bedroom and earn.

try freelancing websites too. it will not cost you anything to upload your portfolios there?

I earn very little less than a dollar a week however I live

 

[HJVC Notes]

it's just plain practical and frugal living

Why live frugally if the price of goods constantly increase while salary can't keep up with it. Most people said that we should decrease our expenses but I disagree. We should increase our income to be able to buy what we want and also help others instead of decreasing our expenses.

I earn very little less than a dollar a week however I live

All of us have 24 hours every day but few earn millions of $$$ every hour i.e. Bill Gates. There's no secret to get rich. It's all about business or investment. Sell a product/service that other people will buy or invest in other business and your wealth will increase. In our country, many sell snacks foods to every home they pass by. Don't get shy and lower your ego. Don't think others that they'll laugh on you. They're not the one that gives you foods.

 

[Banglashi]

you can do something everyday when you have access to internet, it's just a mindset, keep on finding jobs on google and especially here, i doubt a man of your talents earn so little, what you're doing right now is selling your self little. it's not that hard, spend time here and find those that earn, try freelancing and sell your designs, upload them all up as portfolio and find those that want arduinio as graphics/design software. you can apply at freelancing websites or graphics design websites. all it takes is hard work.

I earn very little less than a dollar a week however I live

 

[Banglashi]

give it balance, decrease your spending and increase your income or get another source of income online.
if there's no balance, people tend to be philosophical and intelligent theoretically but lacking in physical application.

Why live frugally if the price of goods constantly increase while salary can't keep up with it. Most people said that we should decrease our expenses but I disagree. We should increase our income to be able to buy what we want and also help others instead of decreasing our expenses.

 

[HJVC Notes]

give it balance, decrease your spending and increase your income or get another source of income online.
if there's no balance, people tend to be philosophical and intelligent theoretically but lacking in physical application.

And that's how the worlds work. When you're already financially free, you'll mostly mind how to increase more your wealth to explore uncharted territories i.e. space exploration, researching for the cure of incurable diseases, human immortality, etc. The application is already there, development of humanity. As for the ethical standards, it's a personal choice.