Assets and Investments
I have recently stumbled upon videos and interviews of Robert Kiyosaki, the author of "Rich Dad, Poor Dad". As some of you may know, Robert's focus on "Rich Dad, Poor Dad" was trying to get people to go from relying solely on a 9-5 job, or any job you trade consistent time for money to building wealth through assets and investments. Assets are things that if you no longer worked, would continually make you money. One of the best methods of building an asset is starting routes of passive income. Everything in life takes effort, building passive income does too, but if done correctly you will receive residual income for the rest of your life.
I have come across a few people online that have gained success through building assets and passive income through websites, blogs, ebooks and affiliate progams (stores). Why are these so effective? These methods such as blogs and Ebooks are iniatially very inexpensive and often times free.
I have learned a few things that I would like to share. The main factor in gaining success in your blogs, websites, and Ebooks is to keep relevance and growth in your content. You can simply stay relevant by building to your website or blog daily, gaining new visitors, linking all of your sources together to keep gaining more and more traffic and building continually streams of income through these ideas.
I have found Wordpress, Amazon, Infobarrel and other great companies to provide users an opportunity to have not only their voice heard, but also, with time and effort, gaining residual income.
A few year back i gave this affiliate program and marketing strategy a shot from Blogger and Amazon and not to say that i have regrets, but i cant help but to think what if i had kept at my website and blog. I could have had alot of website/blog traffic and i could have made money. I literally posted 8-12 articles on my Blogger blog (which is linked to Google) and i had around 562 views. That doesn't seem like much, but i could have been up to 10,000+ views that year and over time let's say 5 years, i could have up to $50,000+ views, which definately on route to becoming a powerful site.
With the cost of living continually rising, job security going down and bills stacking up, I think these routes of potential wealth growth are essential for the next generations to come. The online marketplaces are an even playing ground to all. Those who take advantage of the opportunites and are brave enough to believe in it can succeed.
Currently I am a sales person for a large telecommunications company and my co-workers and I all have different approaches to delivering voice and internet solutions to our customers. I like to be as up front and genuine as possible, and then building relationships with them to keep myself fresh in their memory. Sales are very similar to writing. We all have our own way of thinking, but we are always open to suggestions and ways to improve.
Sometimes our strategy in life (in general) is not the most effective route and we must suck in the pride and look from a birds eye view. We must ask ourselves, "Am I where I want to be in life right now? If I stay on this track, will be where I want to be in 5 years?". If we are not where we want to be, we must start making strong moves and efforts to get to where we want to get to.
Hopefully we will find ourselves right on the path to gaining Assets and Investments, if wealth is what we desire. I am fairly new to this strategy, but I like owning up to my own time. We can all do whatever we please with our time, and I like the idea of doing things, such as writing and investing that have the potential to help my financial position, rather than sitting around all day. I invested in a solid laptop and it has kept me more up to day and more creative than before I had one. I was lucky to find a Macbook for $300 on Craigslist.org and it has been the strongest tool or investment I made last year. Before that, I was like a caveman, going on the computer every few days or weeks. I now have the ability to multi-task like I did in college, jamming to music, staying active in social media (Facebook, Instagram, etc) and being able to stay close to my blogs, websites, etc.
One of the toughest things that I have ran into while attempting to build websites and blogs is staying consistent. I am no longer excited to go out and drink, or to play video games all day, even though games are fun to play. There has to be a trade off during the day, dedicated to improving yourself (and your financial position).
I am 23 years old, I am not the most seasoned person, in terms of age, however I have had 6-7 solid jobs, alot of them being in College. I am a hard worker and I have been through struggles. I know the feeling of being down to your last $20 for a few days and I simply told myself I would never do that again. I think that one of greatest blessings in my life has been growing up with my parents. My parents were 18 and 20 years old respectively when they had me. They have been the greatest people to me, however I have picked up on their habits and want to secure myself early on, seeing as I dont have a child like they did.
My near future plans are simple. I am going to start an individual Roth IRA (long term security) and put $3000-$5000 in a Vanguard Mutual Fund. Hopefully with solid returns in the next 5-10 years from the Mutual fund, i will have set a security blanket in my 30's. I will also put in $50+ a month into my Roth IRA, which would eventually compound. I plan to keep $5000+ in cash liquidity for emergencies.
Currently, I have invested about $500 (minus trade fees) into Stocks, specifically MGM Grand, which has recently got the approval to build an extremely attractive casino near Washington, DC. Washington, DC is one of the richest areas to live in and that casino will make alot of money, hopefully amking me money in return. Casinos are not the most secure investment, but they do bring in alot revenue throughout the years and weekends.
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