When I was a kid my parents took me to school. I was taught that I should learn about history, biology, mathematics, etc. and after I finished high school I had to choose a college and get a degree. I did all that, I also got pretty good grades. After that, as expected, I got a job. It was a very decent job. 25 years later I got fired because of a cut-out. Bottom line, it doesn`t matter If you spent more time in your job than with your family, it doesn`t matter if you work hard, even after hours to get the job done, it doesn`t matter if you put your job first before everything else, because, if the people who are running the business you are working for think that you have to go, for whatever reason, you will go.
For a lot of people this is acceptable. After getting fired they go and look for another job and then repeat the cycle, and if you are lucky enough, you will get a lifetime job where you will get old and then you will get a pension. If this is your way of life and are happy with it, then this article is not for you.
When working at any given job you assume a lot of risks, like getting fired, not spending enough time with your family, not having enough money to do/buy things that you like and want, not to have enough time to really enjoy life.
If you don’t want to have all these risks, then you have to achieve something that is called “financial freedom”, and for most cases, the only way to achieve this is that you have to work for you and not for others. When you get a job, all you do, all you create or achieve, is not for you but for the company you are working for. Of course, they pay you for it but all the benefits are for them.
So, what can you do to have financial freedom? Well, one option is to open a small business and then keep it to grow. Another way is to create an online business. There are a lot of ways of making money online. Here is a brief explanation of some of them:
The trade market is full of possibilities, the possibility of getting rich or get broke or even to get scam. There are a lot of sites that offer heaven and at the end, you get hell instead. Don’t get me wrong, the stock market can really get you rich if you KNOW what you are doing. The mistake that many people make is to jump in and start trading with real money without knowing how the system works, and this is a very easy way for you to lose your savings. This is a short explanation of how it works:
You have to sign up with a site that offers an online platform. They are called brokers, and they gain a commission with any transaction you do on their platform.
Ideally, they will offer some training for you with virtual money, so you can learn how to make transactions with real-life data.
The transactions you make are entirely your responsibility, so if you lose your money you don’t get a refund.
These are the most common things that you can trade:
Here you became the “owner” of the company which you bought stock. If the company has a good performance over time you will gain money because your stock`s price will grow. Some people have gained good money investing in companies like Uber when they first started because they had an explosive growth.
Foreign currency exchanges deal with currency and is a very volatile market that depends on the country`s economic. You can gain a lot of money fast here, but you also can lose it.
These are related to metals, food or energy, like gold, wheat or oil.
If you are a geek, or you just like to make apps or want to learn, this can be for you. Mobile phones users are increasing every year, for 2017 is estimated that will reach 4.7 billion users worldwide, and most of this users have a cell phone capable of running apps.
There are platforms which you can use to develop apps, some free and some paid. You do not need to know a programming language, but you do need how to operate the platform of your choosing. You can even have someone else to develop the app for you. Once you have an app you can upload it to Google Play store or Apple`s iTunes. They will charge you for giving you a developer license. You can make money by selling the app, or, if it is free, by posting adds on it.
One of the most popular ways of making money online. How does it work?
First, you need a website. You can use a free dominion but you will not be capable of full monetizing your site. You don’t need much money to register a domain, the average cost is 15 dollars a year.
Second, you need a place, or host, in which you can create your website and share it with the world. Again, there are some free options but they are not recommended for monetizing your blog.
You have to create your website. You don’t need to know HTML language (I don’t). There are very popular platforms like WordPress from which you can create your site and are easy to learn and to use.
You make money in different ways, one is to sign in with an affiliate program so you can post adds of the products they sell and if someone makes a buy you gain a commission.
If you know nothing about how to make money blogging and want to learn, there are a lot of places that offer to teach you. There are a lot of scams, if someone offers that with them you will make a lot of money fast with little work then is probably a scam. One of the best places to learn is Wealthy Affiliates. If you want to learn then give them a try. The first course is free and from there you have to decide if you continue or not.
Here you have a few options. There are online platforms that let you make your own online store for e-commerce. The most well know the platform is Shopify.
Another way to have an online store is through Amazon. You can have your own products and post them in your Amazon store. In both cases, you have to pay a monthly fee, but you can gain a lot of money this way.
If what you want is to work on your own time, the hours that you want, well, there are a lot of online platforms that do that too. You can sign in with a site like A Freelancer or Upwork where they can offer you projects that you can work with and will pay you after you finish them. Companies seek these sites when they want to outsource a job and contact professionals that can do such jobs.
I will be having a deeper insight on each of these ways of making money online, so please subscribe to my newsletter so you can receive the latest information on this topic.
Please leave a comment if you have any doubt, or want to share your experience with making money online.