Passive income Plan: Millionaire Starts Again from Scratch! (NO MONEY)
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I explain how to start passive income with no money. I’m a millionaire starting again from scratch with zero money! I discuss dropshipping, business, side hustles and investing.
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If someone took everything away from me, my businesses, investments and all my money in the bank. Would I be able to start from scratch and become a multi-millionaire again?
My first move would be getting the highest paid job possible if this is minimum wage working in McDonalds, Walmart or anything like that then that will be fine. The only purpose of this job is to establish an income stream. Without money it’s very hard to accomplish anything, instead of thinking of it as a drug I will be using it as a fuel to propel me towards my goals.
My second move would be to establish a side hustle or side job of some sort. Back when I was younger I used to catch and sell fish but the times have moved on. Selling fish door to door from a shopping cart may not be seen as hygienic any more but I had great fun catching them and selling them was just a bonus !
Dropshipping is when you take a product from a supplier, market and advertise it online and then get the supplier to ship it directly without ever physically touching the item. Running a profitable drop shipping store requires you to learn the basics of business, how to run ads on social media, how to build a website, copywriting, graphic design and in some cases video editing.
Build an emergency Fund – This is a savings account with 3-5 months of my living expenses.
Open a vanguard account and start consistently investing into low cost index funds like the s&p 500 which is a collection of the top 500 companies in the USA. By starting at such a young age I would be able to take advantage of compound interest.
My third move would be building a strong network of connections. An important part of this would be finding a few mentors to help guide me.
My fourth move would happen the day I turn 18 and it would be getting a credit card. A credit card has so many benefits including protection on purchases, points you can use for free travel, cashback and most importantly building your credit score.
My 5th move is when things start to really come together. I would use the money, skills and connections I had been building to start a scalable business.
It would be time for my 6th move, diversify and focus on my personal portfolio.
50% of my portfolio would consist of Real Estate. As rental properties can generate income all year round. The rental income is great and will pay off the mortgage but the increase in value of the property is generally fantastic if you buy right.
25% of my portfolio would be in index funds this will allow me to keep growing my wealth with the stock market.
Pension accounts would make up 10%. 12% would consist of Investing my money into businesses seeking investment. This would be a lot like you see on dragons den and shark tank in return for a percentage of their business I would offer my money, mentoring and network of connections. I like this type of investment as it allows me to use my business skills to influence the success of my investment which investing in the stock market can’t give me!
I would use 2.5% of my portfolio to dabble in individual stocks. This is the money I can afford to lose AND HAVE A BIT OF FUN WITH.
I would reserve 0.5% for the most risky investment bitcoin.
CONTACT:
For business inquires only, please use this email: mark@marktilburycoaching.com
*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Can Affiliate Marketing Make You a Millionaire, Passive income Plan: Millionaire Starts Again from Scratch! (NO MONEY).
Effective Affiliate Marketing Facilitated With These 10 Tips
The affiliate will then offer the item for you. Affiliate Marketing is among the most popular and greatest paying Internet Businesses that one can start. You never ever, ever, ever promote your affiliate link straight.
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Find Out Affiliate Marketing – A Simple System To Help You Get Started
Affiliate marketing has the possible to make a good earnings. In time, you will end up being the coach to somebody else. However some individuals begin to hear about affiliate marketing. Both win in the game of affiliate marketing.
What’s affiliate marketing exactly? That’s a concern typically asked by those who have actually heard the term in the past, but aren’t sure what it is. An affiliate program is a very easy principle. It requires you to sell an item through a link supplied by the merchant. If and when you make a sale, you’re paid a commission. To successfully launch an affiliate program, you ‘d require to have a site or blog, where you can post a link to the merchant.
No inspiration. Let’s face it; even if you have a website, items, excellent content and a form on your site to catch email addresses, absolutely nothing is going to work without some action on your part. When it comes to Affiliate Marketing, absence of inspiration can be your very worst opponent. Establish a favorable frame of mind and mentality; take a look at every failure as a chance to grow and discover. Everything you carry out in life, whether it ends in failure or success, is a finding out experience.
Lots of online services offer incentives for Affiliate Marketing. For each sale an affiliate makes, he (or she) will get a commission out of the sale. Often the commission is more than P than the item’s value. You can make great money as an affiliate. However, is the expenditure worth it for the organization?
Before you do company with an affiliate marketing company one of the things you should do prior to you leap head initially into their program is to call and speak to someone at business. A lot of online marketers recognize today that just being on the web does not offer them credibility. Another thing to do is to ask to speak to a few of their present marketing partners. If they hesitate it could either mean they have no pleased partners or they have no partners?
An Affiliate Marketing system is basically a system in which you sign up with an affiliate program and then make a commission on the sales which are made through your link. The commissions differ in quantities. There are several large affiliate networks s you can join. You can likewise join programs separately. Opportunities are quite excellent that there is an affiliate program to go along with it if its for sale on th web.
No no no no. Whatever must be organized and done on autopilot. If not you’ll be running yourself tired and simply be a glorified staff member. Believe me on this.
Getting started with affiliate marketing could sound complicated or perhaps hard, but once you get the concept down, make your very first promotion and sale, it ought to be a breeze as you gain more experience. Remember however, everybody learns at their own speed, so don’t quit all you require to do is keep at it and put the time and effort it requires. It will only be as great as you want it, the work you put into your business will reveal on your sales and income. Get going and enjoy yourself!
You will require to sign up with various affiliate’s income streams that will make money for you. You DON’T need to break your head to come out with your own item. Your supplier needs to supply great affiliate tools.
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