152 - Monetize What You Have

11/04/19 • 14 min

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Today we dive into how you can start augmenting your income. Yes you could start a huge business, create a new game changing app or be the next Warren Buffet. That can happen eventually, but let’s say you want to start with an extra few thousand dollars each month, as in this month. Can you monetize something that you currently have or know? Freedom is earned in phases so let’s look at how you can take some smaller steps now to get the money momentum rolling. Question of the day: What is one thing you have or know that can be monitized today? (Comment below or on twitter) Essential career advice for ambitious young professionals. Full show notes and other resources available at www.focusthefire.com Connect with host on twitter @dalanv www.twitter.com/dalanv Connect with show on twitter @focusthefire www.twitter.com/focusthefire Help us create more great content: patreon.com/dalanv

Previous Episode

151 - 8 Mistakes To Avoid When Buying Your First House

At some point in your career you may decided to leave your parents house or stop renting apartments. You want to buy a house. This is a big deal, and we want to make sure you are well-prepared to navigate the process. At this point I’ve purchased homes in three countries, and been involved with the bank financing for numerous other homes, commercial properties and even private islands. Here are some potholes to avoid so you come out like a champ!

Take time and don’t rush the process.
Get something manageable.
This does not have to be your dream house.
Understand the financing terms.
Investigate the developers and warrantees.
Run calculations on the purchase and cost of living.
Take your time furnishing the house.
Study the market and consider how long you plan to stay.

Question of the day: Which home buying tip did you find most useful? (Comment below or on twitter) Essential career advice for ambitious young professionals. Full show notes and other resources available at www.focusthefire.com Connect with host on twitter @dalanv www.twitter.com/dalanv Connect with show on twitter @focusthefire www.twitter.com/focusthefire Help us create more great content: patreon.com/dalanv

Next Episode

153 - 5 Tips for Building More Income Streams

Income augmentation sounds fun and exciting but it’s important to be sure you build these income streams the right way. In this episode we talk strategy. Learn what you need to think about before and during the construction of your empire. These five tips are especially crucial if you plan to do this while maintaining your main job. Remember, you don’t need to quit your job to be an entrepreneur. In fact that steady base salary can free you from a load of pressure as you build the other income streams. 5 Tips for Building More Income Streams

Cows aren’t always sexy. BCG growth matrix.
Resist the urge to start everything at the same time.
Results are worth more than talking points.
Build smart and sustainable.
Document processes and create systems.

Question of the day: Which income building tip was your favourite? (Comment below or on twitter) Essential career advice for ambitious young professionals. Full show notes and other resources available at www.focusthefire.com Connect with host on twitter @dalanv www.twitter.com/dalanv Connect with show on twitter @focusthefire www.twitter.com/focusthefire Help us create more great content: patreon.com/dalanv