In my attempt to read more books this year, I’ve come across some real winners and some ho-hum forgettables. Even a mediocre book can sometimes be a welcome break from reality, but what I really love is a book that is so exciting that I actually get an adrenaline rush when I’m reading it. And I’m not talking about the rush that comes with finding out who the killer is or a steamy romance scene. I’m talking about the rush from that AH-HA moment that makes you realize one small tweak to your life could help you achieve your next goal…or the moment you realize that you actually can quit your job and do what you love…or even just deciding what your next pursuit will be. THOSE moments are the best.
Back in the day, living the American dream meant finding a great job that let you buy a home, vacation every year, and take care of your family. Nowadays?? What a different picture! For most of us, the American dream now means finding a way to make money from what we love, work anywhere and at anytime, and still take care of our families. And it’s totally possible! I see it happening every single day.
So what’s the first step towards achieving this dream? Turn your hobby into a money-making machine. Believe it or not, there are a ton of ways to make money from your hobbies, whether it’s just pocket change or a full-time income.
Here’s where to start if you’re ready to make money from your hobbies:
I don’t think there’s ever been a time in my life (at least not in my adult life) where I haven’t been trying to accomplish something. Whether big or small, there’s always something going on – paying down debt, learning new things, weight loss, clearing my head, running more often…the list goes on and on.
So I’m sure it’s not surprising that I love coming across new ideas and ways to accomplish more, especially if it saves time or effort. And I’m always on the hunt for new ideas. My last source of inspiration (from The Power of Habit…not as amazing as The Miracle Morning, but still a great read!) has me really excited because it outlined a brilliant and simple way to accomplish anything and everything:
Building wealth and paying down debt – the unattainable goal that most of us statistically never reach – is ironically very, very simple. Foolproof even. In fact, I think one of the biggest reason that most people don’t build wealth (or pay down debt) is because the real solution, the one right in front of them, is just too simple. It’s boring. It’s slow. It isn’t glitzy and it’s not something to write home about.
But it works.
Without a doubt, one of my absolute favorite times of year is the one little week sandwiched in between Christmas and New Year’s Day. The craziness of the holidays are over and I start to get really, really motivated for the year ahead. And hopefully you already know that I LOVE GOAL SETTING. So that’s basically what I spend the whole week doing…and not surprisingly, a lot of my goals tend to be financial ones. Then once I’ve settled on them, I work really, really, really hard to get them accomplished.
So as you start brainstorming ideas to tackle your own financial goals, use these tips and resources to get them totally accomplished this year:
Related post: The Life-Changing Power of Goal Setting
I love this question. I know it sounds weird, but I ask myself all the time – What would you do with $10 million, Nikki? And then I make a list. Usually with a glass of wine after everyone’s gone to bed. I know it sounds indulgent, but it’s really not. In fact, I think it’s a really, really important question that everyone needs to ask themselves on a regular basis – What would you do with $10 million?
Why waste time imagining a life you don’t have, you ask?
Student loan debt is the absolute worst. Yes, it is really important to get an education. But the vast majority of students that are taking out loans have no idea how much that debt is going to weigh them down. Education is important, but so is getting this debt off your back!
If you want to pay off student loans early (which I’m assuming you do), there are a lot of things you can do…some of which you may not have thought of. I feel lucky that my husband and I were able to get rid of what we had before I decided to stay at home with my son, because basically I wouldn’t have been able to if we hadn’t. And I want that for you!
So here’s what you need to do to get rid of that debt FAST:
I love, love, love things that save time and make life easier (who doesn’t?). I’m always on the lookout for cool gadgets, awesome life hacks, and basically anything that helps me get more things done with less time and effort. So it should come as no surprise that I’m a sucker for anything that enables you to automate your life. As the saying goes – set it and forget it!
Automation is one of the best way to build wealth, increase your productivity through the day, and now it even helps me clean the house (seriously!). Believe it or not, it’s also a great way to save money and just live a happier life.
So it’s time to share! These are all the ways that I automate my life…and a few extras that I should be doing (or wish I could do):
A big part of me loves investing in real estate and it’s a big part of my plan for the future. Yet, for some reason this was still one of the easiest posts I’ve ever written…because the truth is, I lose soooo much sleep over some of the worries that come with this type of investing (at least for buy and hold real estate investing). It is not an easy thing to do and it is TOUGH work. And not just the getting-your-hands-dirty kind of work (though it certainly can be that), but the dreadful how-the-heck-am-I-going-to-fix-this kind of work. The kind of thing you think about all day and lose tons of sleep over. And until you’ve really hit it big, it’s hard to tell if you’re even doing things right.
So before you jump head first into your first property (which I still hope you will consider!), make sure to read this carefully because real estate investing is not as glamorous as you think and it’s definitely not for everyone!
I am obsessed with saving for retirement. I’m also obsessed with collecting things. So it’s probably not surprisingly that I love finding different types of retirement accounts, different ways to save for retirement, and OBVIOUSLY any way to get “free” retirement money.
So I think it’s time to share! Not only do I know you all love posts like this, but I also can’t wait to hear your suggestions and ideas for MORE ways that we can hoard away money for our golden years. So don’t hold back! Hopefully my suggestions can help you as much as yours will help us. 🙂