Do you believe that living on a paycheck is boring & want to start something else?
Who is living on a paycheck?
Almost everybody, working 9 to 5 is ruined your potential to make yourself a better person and it stops to feel your skills & success. Paycheck means you are waiting to get your income for 30 days but you all believe that everyone is getting a penny your work is worth more.
When you do follow every single word of another person whether it is good or not in anything but he's always right because he is the boss waiting to get orders from boss & work like robot have you ever feel this that if you start your own business and give your 100% "what you are doing now in under your boss" haven't you feel this you are the owner of X company the full command is in your hand imagine yourself from an employee to a business owner how much you earn then in lakhs or crores.
Why do people live on a paycheck?
The only reason is people are scared of doing something different and first of all, they don't trust themselves they think they lose everything if they try something else. People have brilliant skills and they do multiple works at the same time but they are not interested to be a boss that's why most of the people work for other person and they try hard to make possible boss's goal. Somehow people are happy to have a salary once in a month and people found comfort in working 9 to 5 hours but, you suffer from many things like the anger of boss sometimes coworkers using you as a pawn and not getting off when needed
How do I get out of paycheck to paycheck?
Simple and easy ways to get out of the paycheck living is starting investment from today and build allocated portfolio and start earning from social media like Facebook, install, Twitter and YouTube start making blogs that people loves to read or watch. YouTube business is the best way to make money give your viewers what they want to watch earning from YouTube may take time but it is also necessary to drive traffic towards your youtube channel and earn viewers' trust like you deliver what they want.
Do work as a freelancer from home there are many websites for this like Upwork, Fiverr, Freelancer you work here as a virtual assistant, graphic designer, YouTube thumbnail maker, and much more work but do that what you are good at and deliver good work to your clients after that he comes to you again, on Fiverr your earnings go to lakhs but you have to work well.
Pay your debt first for becoming financially free if you do not want to live on paychecks then make a side hustle income and clear all your debt and after that invest money in stocks and bonds, these are your asset this makes you earn dividend income invest in dividend-paying stocks the money you get as dividends re-invest that money in other dividend-paying stocks.
How to earn online?
Just you need to make an account in Fiverr, Upwork, Freelancer and give your service like graphic designing, virtual assistant you don't have to limit how much you earn here you can earn up to lakhs from here the more your get clients more you get paid you can start this as part-time and when you start getting money for months then leave the job and do this for full time & do start investment with small amount start with mutual funds.
How to stop living paycheck to paycheck?
Make a habit of good research of stocks which gives you best returns search for good mutual funds. Make a budget of spending and investments invest 30% of income but all this takes time to happen when you are going to start invest do research before investing do not invest what you don't know, make a plan to reach your goal "learn investing" you should do it for yourself practice more & more stocks how they fall or go up earning isn't a destination its a step towards to achieve a financial goal.
These are multiple options of investing
1) money market
2) instrument market
3) equity
4) commodity
5) debt funds
6) mutual funds
7) bonds
8) DR's
Most Americans living on paycheck to paycheck many American small businesses are shut down permanent 63% of Americans are living paycheck to paycheck and in India, there are millions of urban-rural people who live in paycheck cycle and these are the people who have a subscription to Spotify, Netflix, Amazon prime those who living on paycheck spends money on none essential activity. Make a budget on what & how much you are going to spend. You have to cut your expenses to generate another source of income and it can be anything like save money to launch your online store and get money from customers. Save money for investing and don't use credit cards on your wants keep it for an emergency but what do people do most with credit cards? They do shopping spends on unnecessary things they do shopping for show-off hence these peoples don't have money to invest and the money you earn from a paycheck isn't enough for monthly expense at the end of the month you don't have a single penny.
Train your mind to earn more money
it's not easy to get started with something new to reach your financial goal teach yourself another skill that will make you more money the money-making skill is investing. Most billionaires are investors they invest their time, money, and hard work to become what they are right now.
For reaching your Goal you write your goal on paper written goals are highly effective if you write on a paper that words reminds you again and again What you have to do to reach your goals
Join Fiverr and discover the fastest way to hire freelancers, for any online project. Thank me later!
First, start from one platform and give 100% focus to your work to get high-paying clients but before you have to work with small clients but it is good to start and make a client's chain it helps you in the future the more you receive. For example, you are giving service of logo designing on Fiverr you start their from $5 to $300 per logo if you are well experienced and skilled you get more than $300 on Fiverr you have no limit of earnings but the thing is you have to be skilled in something.
Service you can sell on freelancer sites
1)Content writer
2)Copywriter
3)Logo designer
4)Social media manager
5)Virtual assistant
6)Business card design
7)Podcast designer
FREELANCER, UPWORK, FIVERR
After earning from here you make an investment not for a year but for a minimum 10 years and select 2 best mutual funds invest in that monthly and never miss any payment of mutual funds and the rest of money invest in stocks or bonds do it for 10 years
This chart is more than good for a happy living family
Follow this chart to achieve your goal & don't forget to invest
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