Richard Branson is the world renowned international entrepreneur, adventurer, and icon of possibility. As the founder of Virgin Group, a multinational company which currently consists of over 400 separate businesses, and the author of over 12 different books, Branson, who was a high school dropout, has become one of the richest men in the world.
So, that’s exactly what this page will be highlighting, Richard Branson’s net worth and his potential earning power. We’ll also aim to cover a few fun facts related to his success and influence. So, let’s dive in.
What Is Richard Branson’s Net Worth?
As of 2022, The Net Worth of Richard Branson is approximately $4.7 billion. Branson accumulated most of his fortune through the creation of his multinational conglomerate “Virgin” brand, which has become a powerhouse across multiple industries.
How Much Money Does Branson Make a Year?
There are various mentions of Sir Richard Branson’s annual earnings across the web, with many sources pointing to his business earnings. According to Business Insider, Branson’s Virgin Group brings in at least $21 billion a year in revenue.
Of course, the revenue figures we found did not answer the question about how much money Branson actually makes a year. Unfortunately, there has not been any public disclosures regarding his earnings that we could accurately report on.
However, even without these figures, we still plan on providing you with how much money Richard Branson likely brings in a year from his business holdings alone.
These money metrics will be based off Richard Branson’s known net worth of $4.7 billon. So, if you’ve ever wondered how Richard Branson makes per day, month, or even a year, this metric we are providing below will give you a rough estimate.
To get to this number, we will have to presume Richard Branson’s investing acumen is on par with an average investor. In other words, capable enough to earn an annual 4.5% yield on his combined $4.7 billion fortune (Note: 4.5% is an extremely reasonable return to expect, especially considering historical returns on safe investments have typically fallen between the 3% to 5% range ).
With that said, if Branson hypothetically liquidated all of his assets and invested them into a handful of stocks or REITS that yielded at the very least a conservative 4.5% dividend yield, he could easily be earning himself a cool $211.5 million per year, before taxes. Not a shabby income to make to sit around all day and drink Mojitos and work on his sun tan.
Richard Branson’s Money Metrics
|2022 Net Worth:||$4,700,000,000|
|**Earnings Per Year:||$211,500,000|
Note: this is a hypothetical (but very possible) earnings Metric for Richard Branson based off of his net worth’s earning power alone. It does not include how much he potentially earns from his current projects, sponsorships, business revenue, or social media, etc. Again, this calculation is for entertainment purposes only.
- Richard Branson has 4.6 million Instagram followers, 4.5 million Facebook Followers, 123K million YouTube subscribers, and 12.6 million Twitter followers. This comes out to a grand total of 21.8 million social media followers.
- Richard Branson is married to Joan Templeman.
- Branson’s first failed business was as a Christmas tree sales business.
- He’s authored over 11 different books.
- Richard Branson has been to the edge of space.
Branson’s Journey to Success
Richard Branson has managed to achieve so much success due to his penchant for risk-taking and his never-give-up attitude. Not only did Branson suffer dyslexia, drop out of high school, and suffer many other setbacks throughout his career, he has always found a way to turn his challenges into opportunities.
Richard Branson is a perfect example of how embracing change, taking action, and fearlessly following your gut can lead to great achievements, because that’s the exact recipe he’s followed time and time again through out his career.
He pulled himself up by his bootstraps, tried his hand a multiple businesses, and persisted until one of them hit. And since that initial success, he’s has yet to look back. His first successful venture was with his creation of a magazine publication, then successfully expanding into the recording business, then airlines, and now he’s seeking to become a major player in the space industry.
Related: Richard Branson Success Story
How Richard Branson Built His Fortune
If you’re looking for a quick, but entertaining breakdown on how Richard Branson built his fortune, you’ll enjoy this short video produced by Forbes:
Video Credit: Forbes (Subscribe Here)
Build A Fortune Like Branson
Richard Branson’s net worth is a remarkable achievement, and while building such a staggering net worth may seem out of reach for most, it doesn’t mean we can’t build our own sizeable nest egg.
All you have to do is follow a few simple steps, and you’ll be able to create your own impressive net worth. Sure, it may never get to the heights of Branson’s fortune, but, then again in may. Regardless, you’ll have to start somewhere, so start here:
Here are some key Richard Branson takeaways:
- Branson’s Net Worth: $4.7 billion
- Annual Earnings **: $211.5 million
- Social Media Followers: 21.8 million
- Keys to Success: Innovation, Risk-Taking, Persistence
Richard Branson’s sizeable net worth is directly related to his penchant for experimenting with new bold business ideas, quickly ridding his portfolio or the duds, and sticking with the ones that showed traction.
His thought leadership and aiming to stay ahead of the curve in terms of customer interest and sentiment, helped him find heaps of financial success along the way.
With that being said, we hope you enjoyed these insights, and most importantly, we hope they inspire you to begin building your own fortune.
PS – If you enjoyed this Richard Branson Net Worth page, then you’ll may enjoy some of his most inspiring quotes. You can give them a look here: Richard Branson Quotes.
** These earnings are hypothetical and calculated off of the earning power of Richard Branson’s net worth alone, assuming a 4.5% dividend yield.
THE TOP 7 SKILLS THAT WILL MAKE YOU RICH
This article isn’t about the right or the wrong ways to get rich; rather, its about the how and the when. It’s about the top skills that will make you rich.
The richest people in the world may not say it out loud, but they possess an unwritten code for wealth accumulation that is essentially their holy grail. While the way this code is executed might vary, the basic idea stays the same. If you want something bad enough, you also need to know how to get there.
The millionaires and the leaders of the world, all had to start from some point where things weren’t as clear or spelled out. Later on, they figured what works for them and made the wise decision of sticking by it.
Not everyone knows this, but there is an interesting correlation between desire and action. When you want something, and truly desire it, you’ll be more likely to take action to find the answers to all your questions, regardless of the difficulty in finding those answers.
Getting richer is a milestone, a massive one, but it takes more than just good bookkeeping and smart business techniques to conquer that mountain. Getting rich requires action, guts, and patience. But most importantly, getting rich requires a willingness to continually learn and grow.
Fortunately, as humans, our minds are wired to grow, change and adapt. So, as long as we’re willing to continually hone our skills, the doors to wealth will stay open to us.
That said, below are the top skills you want to acquire or continually improve upon, if getting richer is something you sincerely seek:
TOP SKILLS THAT WILL MAKE YOU RICH
Skill #1: Communicate
Ideas aren’t just thoughts that exist in our mind, because they have the potential to be game-changing and probably life-changing. Most brilliant ideas get lost in the crowd or never get their chance in the limelight because of a simple flaw: the lack of communication.
The greatest leaders and thinkers of the world made sure that their ideas and opinions were communicated, through talks, debates, and various other forms of expression. Someone who understands success and its perks also understands that communication is a medium to get there.
A simple example: you might have an innovative idea or thought in your mind, one that could change the course of things for you, but the only reason it never gets to fruition is that you failed to communicate it someone (especially someone who can aid your growth).
In such a case, communication is not just vital but is also that ignition that can get the journey started.
Skill #2: Question
If something isn’t working in your favor, don’t just abandon it and move on to the next viable option. What you need to do instead is ask yourself “Why.” Why didn’t the idea work? Why was it unsuccessful? Why did you think it would work in the first place?
Once you’ve gotten closer to answering the “Why,” your next task is the “How.” How can you change this outcome? How can you implement a more efficient system to get closer to your goal?
Life is a combination of various systems, and the only difference is that we don’t label it the same way. However, you might choose to plan out your goals is secondary; the primary objective is the question every good and bad because that ultimately leads to learning and expansion of knowledge.
Some of the most revolutionary minds in the world were able to create a revolution in the first place because they were curious enough to ask questions and then determined enough to look for answers.
Skill #3: Focus
You could be like Jack; not the one that went up the hill, but the one who knows all trades. Or, you could be the master of just one. Having multiple skills and areas of interest is never a bad thing, as long as your cap can hold those many feathers.
The real deal is about excelling in one field and making it your own. Becoming richer involves one very important lesson: you’d rather be 100% of one thing that 10% of 10 things. And the only way this can happen is with focus.
It takes time and analysis to conclude what your forte is but, once you’ve managed to do that, you need to be governed by a one-track mind and a rock-solid focus. When you’re trying to climb only one mountain at once, and not multiple, the journey is still a tough one, but it’s also a more achievable one.
Skill #4: Planning
No matter how brilliant and viable your ideas are, that’s all they’re ever going to be if you don’t have a concrete plan of action to work with. Planning helps you with streamlining both your goals and your thought process, and yes, that brings you so much closer to getting richer.
The entire process of planning aims at efficient execution, which is what leads to success. If there’s no plan, there’s no direction, which means you could be holding an idea with a lot of potential in your hands, but you won’t be moving closer to your goal.
Skill #5: Listen
A true sign of growth is the ability to listen to advice and criticism when it’s given because it means you’re willing to become a better version of yourself. The greatest leaders possess the quality of humility because humility can teach you lessons that you might otherwise never get the opportunity to learn.
It’s not always easy to admit that you’re wrong and listen to someone else’s side of the story, and that holds in so many phases of life. In due course, one starts to understand how there’s only benefit in listening (and understanding) to what others have to say.
When criticism is constructive, it’s best to keep all senses awake!
Skill #6: Believe
Even before you set off on the journey of getting richer and more successful, you need to believe that you can actually do it. In this journey, you’re going to require others to believe in you too, which won’t happen if your self-belief is shaky.
Belief can be one of the strongest forms of positive reinforcement, which pushes your vehicle forward in this race. The richest people always believed at some point in their lives that they would have everything they wanted, and that’s how the first step towards success was paved firmly.
The fact is that belief is critical to success. If you can train your mind to think in a certain way, and have faith that you’ll succeed, then the battle is halfway won. In The Science of Getting Rich, Wallace Wattles lays out exactly how powerful belief is, and how you can harness it to live the life of your dreams. Check out this interesting read about the science of getting rich.
Skill #7: Improvise
Yes, we did list planning as one of the skill that need to be honed, but even that planning needs to be flexible. It’s not necessary that every plan you make is the best one, or is going to help you achieve what you desire. In such a case, improvisation needs plenty of room.
If you can successfully improvise your plans, without losing track of your goals and your plan of action, then there’s nothing that can stop you from being victorious. Getting rich isn’t just about getting it done, it’s also about getting it done the smart and right way.
Bonus Skill That Will Make You Rich
Believe it or not, this last skill is one of the most simplest to follow. In fact, most people do it naturally. But, the one’s who do it consciously, methodically, and with purpose, are the one’s who have the best odds at becoming rich.
So what is this skill? Well, it is nothing more than modeling successful people. That’s right, one of the best ways to become rich, is to model those people who have already succeeded.
To model successful people, all you need do is being paying attention to what successful people are doing. Study their success stories, pay attention to how they manage their money, and model/adopt their habits.
Employ this bonus skill, and it will only be a matter of time before you achieve riches for yourself.
Nothing is impossible if you truly believe that you can do it. Getting richer requires conviction and determination, and if you know that you possess these traits, and you keep the the skills just mentioned honed, the right doors of opportunity will open for you.
Implement these skill, and nothing will come between you and your new crown of financial success!
PS – If you really want to what best skill is to become rich, it is to improve your money mindset, and these are the best tools to help you transform yours: Money Mindset Books
15 FINANCIAL TIPS TO RETIRE EARLY AND HAPPILY
Do you dream of traveling around some of your favorite countries after you retire early and happily? Do you too want to be free from the financial burdens retirement brings with itself? If so, you’ll have to take care of some important things before you catch up on your retirement plans. Which is why we pulled together this useful tips to retire early.
Most of the people want to run away from the stress work-life throws at them. They daydream about moving to a beautiful place with their loved ones and just enjoy life. But, the truth is, it’s easier said than done. But if you follow the 15 tips mentioned below, you might just turn your dream into a reality. So, we are going to delve into these key financial tips to retire early and happy.
BEST FINANCIAL TIPS TO RETIRE EARLY
1. Reduce Your Cost of Living
If you can manage to lower your everyday spending and overall cost of living, you will be able to save more. This will allow you to retire early without any financial worries for your life after retirement.
This might require you to cut down on some of your favorite things. For example, you might need to stop having lunch at your favorite restaurant and stop buying expensive clothes. But small sacrifices like these will make a big difference in the end.
Are you willing to give up on stuff like this? If yes, then Congratulations. You are a step closer to retiring early and happily.
2. Estimate the Money You Will Need after Retirement
It is essential to plan ahead. As someone rightly said, “Planning ahead will keep you ahead in life.”
Knowing all about your “numbers” is the key. This means you should have a pretty good estimate of how much money you will need to bear your retirement expenses.
This will allow you to plan everything beforehand and accordingly. You will know exactly how much you should save and at what pace.
3. Avoid Debts
Debts are something that will make your life very difficult. It will drown you in the waters of unnecessary troubles.
They will vandalize your early retirement plans like nothing else. Hence, you should avoid them at any nonmonetary cost.
Debt is a habit hard to get rid of. You sometimes feel like it’s no big deal. But the truth is, it makes a huge difference. Debts block your cash flows and reduce the amount of money you are able to save. This, in return, disrupts your planned “numbers” for the future.
4. Avoid Buying Things That Will Own You
We sometimes are attracted to luxurious things that might turn into a liability. For example, owning an expensive car brings its own expenses with it. Luxurious cars are very costly to maintain: something you do not want while planning to retire early.
Once you are addicted to expensive stuff, it’s tough to downgrade yourself to less expensive things. But if early and happy retirement is something you are looking for, you have to take this hard step.
Don’t make the mistake of turning your assets into your liabilities!
5. Have Multiple Sources of Income
If you feel like you might not reach your set goal of money before you retire, you may need to find more income sources.
There are many ways to increase your income. One way could be to find a part-time job or start some online business. You can also work on some special skills that you might have and work as a freelancer.
These measures will not only help you save more but will make you financially secure. But you have to make sure that all the income from the side hustle goes to your savings and not somewhere else.
6. Find a Financial Advisor
Having someone who can advise you on your finances can be very useful. If finance is not one of your expertise, hire someone. It will make the process towards retiring early a lot easier for you.
With the help of your advisor, you can plan everything well in advance. You can then set small goals to financially reach where you intend to be before you retire.
This will not only help you keep track of your progress but also help you make any realistic changes to your plan during the journey.
7. Invest Strategically
Investing is essential if you want your money to grow. It is also one of the most important financial tips to retire early. But most of us don’t want to go down that road because we want to keep our money under our beds. Don’t make that mistake.
Yes, you have worked hard for the money you have accumulated, but you can benefit a lot if you invest your money in the right place. That is where strategic investing comes in. You can always go to your financial advisor and discuss your options with them.
Remember that investing has some risks associated with it. Hence, it’s never a good idea to put all your eggs in a single basket. Diversify your investment to give your money the best chance to grow.
8. Learn Money Management
One of the most useful skills you can develop in life is money management. Knowing exactly what to do with your cash is an art not many people are familiar with.
Some people feel like they are owned by their money. They are too afraid to invest it or even spend it.
If this sounds like you, your first course of action should be to step out of your comfort zone and take charge. Put aside your fears and own your cash!
One effective way could be to list down all the possible ways you could manage your money in. Then narrow them down and choose the best options after consulting your financial advisor or someone good with money.
Related: How to Build Your Net Worth
9. Don’t Get Eaten Up By Taxes
Most of the money we save for our retirement is not tax-free. This means that we will have to pay taxes upon withdrawals of cash from the funds of our retirement plans.
This scenario can be tackled through some strategic measures, especially in the early stages of your retirement life. If you continue to work part-time or earn money from another source, you won’t need to withdraw money from your retirement funds. Hence, you will be able to defer taxes on your retirement funds.
10. Have a Well-stocked Emergency Fund
You will face many essential unexpected emergencies in life that will appear completely out of the blue. It is thus necessary for you to have a separate fund to deal with situations like these.
Retirement won’t put a full stop to emergencies. You will still need to spend money on the things you didn’t plan to before retiring.
If you have an emergency fund, you won’t need to withdraw cash from your retirement funds.
11. Continue Learning
The worst mistake you can make is to stop learning. Retiring early can be helpful in so many different ways given that you use your time efficiently and effectively.
To be honest, we miss out on a lot during our working days. We could learn so much more but never get the time for it. With early retirement, you will have all the time in the world to catch up.
Wanted to learn tennis but never really had the time? What about that video editing software you have always wanted to master? Don’t worry! You can divert all your attention towards it when you happily retire.
12. Prepare a List
We all have one thing in common: we have some sort of plans in our lives. But the problem is, we are too soaked up in our work lives that we are unable to accomplish other things we have planned.
Make a list of all the things you couldn’t achieve due to your work. This will give you a sense of comfort because you could actually try achieving your other goals after you retire. Writing them down will also allow you to prioritize some of the most important stuff in your life.
13. Take Care of Health Insurance
Health is an important factor to plan for before you retire. What’s your plan of action to get health insurance?
The truth is, getting health insurance can be a major roadblock towards retiring early and happily. The reason is that most people aren’t eligible for free healthcare unless they are above 60.
Your only option then is to buy health care coverage with your own money. That is why it is integral to have a rough idea of how much healthcare could possibly cost you.
14. Invest Some of Your Cash in Annuities
A lot of us have some kind of doubts when investing our hard-earned cash. We feel insecure when our options to invest aren’t safe and secure with high returns.
One way to deal with this problem could be to invest your money in annuities. This will have two benefits for you:
- Your initial investment will be secure.
- You will get a return on your investment.
But make sure the value of your investment doesn’t fall drastically when the stock market is disturbed.
15. Have an Active Social Life
We make most of our friends in our 20’s at our workplace. After you retire, you might not get the chance to meet your workplace friends more often. This may hinder your social life.
You will be happy after you retire if you know you have people you can rely upon. It’s always a good feeling when you have someone who cares about you.
It is thus necessary to have a group of true friends that can support you at your worst and celebrate with you at your best. So, if you want to enjoy your retirement, strive to make long-term friendships now.
Of course, after you retire, you’ll have plenty of time to work on your social life as well, but there’s no need to wait till then. Make friends now!
Bonus Tip For Early Retirement
This bonus tip is key for retiring early. Without this tip, all the other tips will be much less effective. They’ll still work, but, your results may take a bit longer than you’d like.
With that said, the last tip that you should employ to help you retire early, is to get your mindset right about money. In short, you’ll want to improve your relationship with money. How you feel about it, how you manage it, and how you think about it.
So, give these money mindset books a whirl, and you’ll be well on your way to creating the type of money mindset that can and will accelerate your goal of early retirement.
Final Say on These Tips to Retire Early
And there you have it, 15 powerful financial tips retire early and happily. Here’s a quick recap to help you retain this tips:
- Reduce Your Cost of Living
- Estimate the Money You Will Need after Retirement
- Avoid Debts
- Avoid Buying Things That Will Own You
- Have Multiple Sources of Income
- Find a Financial Advisor
- Invest Strategically
- Learn Money Management
- Don’t Get Eaten Up By Taxes
- Have a Well-stocked Emergency Fund
- Continue Learning
- Prepare a List
- Take Care of Health Insurance
- Invest Some of Your Cash in Annuities
- Have an Active Social Life
- Bonus: Create a Money Mindset
If you follow these tips, there is no doubt that you’ll be in a secure position to retire early and happily, especially if you plan everything beforehand and methodically progress forward from there. Remember, all your problems are a separate discrete concerns. The real bear is to take care of each them so you can actually achieve your goal of early retirement.
So, don’t give up! Plan out everything, take one step at a time, and before you know it, you’ll be kicking your feet up, happily retired in a lawn chair.
Till next time,
PS – If you enjoyed these financial tips to retire early, then you’ll also enjoy this post on some other smart financial moves you should make if you want to make early retirement a reality.
17 SIMPLE WAYS TO MAKE MONEY ONLINE FROM ANYWHERE IN THE WORLD
There’s never been a better time in history to start your own business. As long as you’ve got a computer and an internet connection – or in some instances, just a phone – you can make money from wherever you are.
Truly, with enough hard work and a little imagination, anyone can reach financial freedom and design their dream life.
If you’ve ever entertained the thought of creating a life of freedom a flexibility then we’ve got the perfect list for you.
This list is a collection of tried and true ways to make money as a digital nomad or lifestyle entrepreneur. Keep in mind that individual suggestions can be combined for even greater financial success!
So, without further ado, here are 16 super simple ways you can make money online and turn those dreams into reality :
17 SIMPLE WAYS TO MAKE MONEY ONLINE
1. Establish An Online Presence With A Blog
This is the cornerstone of many an online business. A well-run blog engages readers and gives you credibility. A blog allows you to build an online presence, create a community of fans, and ultimately build a customer base for your products and services.
Just writing a blog won’t make you money – you have to think of it as a way to grow your following and build a relationship with people who will later buy something from you.
If you pick a topic that resonates with you, you’ll have lots to write about. Alternatively, you could try vlogging if writing really isn’t your thing.
2. Niche Websites
Do you have a special hobby or interest? Do you enjoy researching products or services? You could make money online with a niche website that contains useful information and product recommendations. For example, if you love dogs, you could create a site in the dog ownership niche that focuses on solutions for problem barking.
Read this to get you started: The Niche Pursuits guide to building niche websites
How exactly do these sites make money? Well, that brings us onto…
3. Affiliate Marketing
Affiliate marketing is absolutely one of the best ways to make money online. Why? Because there are a lot of products and services out there, and companies need to get them in front of potential customers. And that’s the beauty of it, as an affiliate, you promote someone else’s product (physical, digital, or both) in exchange for a commission.
You can review and recommend these products on your blog or niche site, or just post links on social media. The greater your authority in a field and the bigger your following, the more money you will make.
Read this to get you started: Neil Patel’s guide to affiliate marketing
4. Make Money Online With Coaching
Do you love to help other people? Are you passionate about self-improvement? If so, you could make money online by encouraging others to reach their goals.
Recent improvements in video communication and video conferencing technology makes online coaching easier for everyone.
Depending on your background, qualifications, and interests, you could offer coaching in dating, personal development, spirituality, career matters – and that’s just for starters!
5. Start Consulting
Like coaching, consulting entails of offering your expertise in return for money. However, there’s a key difference between consulting and coaching.
A coach accompanies someone on a journey while teaching key life skills, whereas a consultant will usually offer advice or strategies on a specific project.
For example, if you are a marketing consultant, you may work with a business for a few weeks or months to help them set up a new marketing plan.
6. Sell Your Words Of Wisdom
If you prefer speaking to writing or creating videos, creating a podcast could be a great alternative. Releasing regular podcasts carries the same benefits as a blog. They build your reputation and create a relationship between you and your followers.
You can make money by promoting your other products and accepting advertisements.
Read this to get started: Step-by-step guide to creating your own podcast
7. Sell What You Love
Perhaps you would rather focus on selling products? If so, e-commerce could be the route for you. There are lots of all-in-one services that will help you build a complete e-commerce store from scratch. Stores can either stand alone or be integrated into another website. You can sell material products, digital products, or both.
You could also open a store on an established commerce platform, such as Etsy or Zazzle. This is a much easier option, but comes with downsides. For example, by operating on someone else’s platform, you are putting your business at risk if they change their terms and conditions.
Read this to get started: Guide to starting an e-commerce business from scratch
8. Teach People From Around The Globe
One of the most exciting aspects of the internet is that anyone can learn a new skill without leaving their home. Name a topic, and someone out there is bound to be interested in it. If you are accomplished in a particular skill, or have an area of expertise, why not write a course and sell it online?
Most e-learning courses are a combination of videos, text, and podcasts. Sure, it can take a significant amount of time to set up your course, but once it’s published, it can turn into a steady stream of passive income. There are several well-known course platforms that make it easy to teach your students.
Read this to get started: Udemy’s guide to building your first online course
9. Start Your Own Publishing Empire
Making and selling e-books is pretty straightforward. You don’t even have to do any writing, because you can outsource the task to a ghostwriter.
Amazon Kindle is a good place to start, because the publishing process is easy and the site has millions of visitors per day. However, in the long run, it is more profitable to sell books on your own site.
Read this to get started: Start your own media company
10. Make Money Online By Freelancing
Upwork, Guru, Freelancer, and other popular platforms let you apply for freelance jobs of all kinds: Writing, graphic design, marketing, research, data entry, and more.
Freelancing is a decent option for making, especially if you are new to making money online, because it allows you get started quickly compared to other methods.
Oh, and because it doesn’t usually require any startup capital.
11. Get Paid To Evaluate Search Engine Results
Search engines may be run by powerful algorithms, but they don’t always return useful results. Search engine evaluators improve the quality and relevance of search engine results by evaluating them manually – something that a mere robot cannot do.
There are lots of companies out there offering contract work. With a bit of luck, you could make a full-time living this way. It’s a good interim job that can pay the bills while you work on your main hustle.
12. Matched Betting
We all know that gambling rarely pays in the long run, but matched betting allows you to make guaranteed money from betting websites. In brief, this is how it works: A lot of gambling websites entice new customers with free bets.
If you know how to lay and back the right bets, you can use this free money to your advantage and walk away with hundreds or even thousands of dollars. However, it’s important that you understand exactly what you are doing before placing a bet, so take your time and read through the guides below.
13. Make The Most Of Your Creative Talents
Are you artistic? Do you love to make crafts? If you are capable of producing items to a professional standard, you have many opportunities to make money online.
The most obvious solution is to sell your wares via your own website or a third-party platform like Etsy, but you could also consider selling images to stock websites, offering courses that inspire others to lead more creative lives, or creating a high-traffic blog full of useful advice and relevant affiliate links.
14. Become An Instagram Influencer
Word of mouth is one of the most powerful marketing tools on the planet. Businesses know that if they can get an influential figure to endorse their product or service, their sales will shoot through the roof.
If you have a large following online and post content in a profitable niche – for example, fashion, travel, and personal development – you may attract people who are willing to pay you in exchange for a mention or post on your account.
You can also make connections with brands by tagging them in your posts or sending them a direct message indicating that you are willing to promote them.
Read this to get started: Shane Barker’s guide to becoming an Instagram influencer
15. CPA Advertising
Cost per acquisition (or “cost per action”) marketing entails getting paid every time someone carries out an action, such as filling out a form or registering an account. There are three steps to becoming a CPA marketer: Get approved by a CPA network, get traffic, and direct it to the offer.
In other words, it’s like affiliate marketing, except you get a commission when someone completes an action rather than purchases a product. There’s a learning curve involved, but it can be extremely profitable when done right.
Read this to get started: The ultimate guide to CPA marketing
You don’t need a lot of spare capital to start investing. Neither do you need a lot of expertise. There are numerous apps and online services that will take the stress out of choosing your investments. You can get started for less than $1,000. Remember, sound investing and compound interest are key if you want to retire early and rich!
You can choose from various investment types. For example, peer-to-peer (P2P) lending platforms like Lending Club and Prosper allow you to loan money to multiple businesses at once. Choose wisely, and you could earn more than 10% interest per year.
Read this to get started: Investment Books
17. Start a YouTube Channel
Last but not, least, starting a YouTube channel is probably one of the best ways, yet simplest ways to make money online. It’s one of the best ways because of the potential that exists of your content going viral.
YouTube does a great job with their algorithm, which pairs up user interests with great content, and it doesn’t hurt that YouTube is currently the 2nd largest search engine in the world.
So, if have a few ideas, tips, or entertaining concepts you’d like to share with the world with a lot of financial upside, give YouTube a shot.
Bonus Idea: If You’re A Digital Nomad, Rent Out Your House!
Finally, if you’ve mastered the art of making money online and choose to spend a few months (or years!) travelling wherever you please, you can make an additional passive income by renting out your home while you’re away.
Check out Airbnb to learn more. Depending on where you live, you could bring in thousands every month.
There you have it, some of the most simple ways to make money online. Certainly, every single one of these methods have proven immensely profitable for lots of people.
So, there’s no reason they wouldn’t work for you. If you have the motivation and are willing to put in some serious hard work, there’s nothing to stop you from reaping the awesome reward of freedom that comes with making your living off the internet.
Till you reach that aim,
JESSICA ALBA’S NET WORTH + HOW MUCH SHE MAKES PER YEAR
Jessica Alba is both a famed actress and highly successful businesswoman who has managed to dominate both fields. She began acting at an early age, and produced enough of a fortune in Hollywood by the age of 31, that she took the leap to co-found a billion-dollar empire. Since launching her household products company her success has continued to compound, leaving her with an enormous net worth.
So, that’s what we’ll be highlighting on this page, Jessica Alba’s net worth and her current earning power. So, if you’re ready to talk numbers, let’s dive in:
What Is Jessica Alba’s Net Worth
Jessica Alba’s net worth has shifted around over the years, as a large portion of her net worth is tied to her stake in the Honest Co. In early 2021, her net worth was estimated around $340 million per Forbes. But that was when her company was valued at $1.7 billion.
However, now that the Honest Co. has a market cap of around $293 million, Jessica Alba’s current net worth is approximately $256 million.
She’s not a billionaire yet, but, we imagine it’s only a matter of time before she joins the club.
How Much Does Jessica Alba Make a Year?
Jessica Alba does take a salary from her company which was around $560,077. But the total amount she pulled in 2021 was approximated to $9 million if you include the bonus’s and stock awards she was paid out on.
However, when you take in to account how much she earns from her side projects and current Hollywood products, the figure is more difficult to pinpoint.
That said, we can still give you a conservative estimate on how much Jessica Alba makes a year based off her net worth alone.
These money metrics will be based off her known approximated net worth of $256 million alone. So, if you’ve ever wondered how much Jessica Alba makes per day, month, or even a year, our metric below will give you a rough estimate.
To get to this number, we will assume Jessica Alba is a savvy enough investor to earn an annual 4.5% yield on her combined $256 million net worth ( We use 4.5% as it is a very reasonable return to expect, considering historical returns on safe investments have been between the 3% to 5% range ).
Therefore, if she hypothetically liquidated all of her assets and reinvested them into a handful of stocks, ETFs, or REITs with a modest 4.5% dividend pay out, Jessica Alba could easily be making $11.5 million per year without lifting a finger.
Jessica Alba’s Money Metrics
|2022 Net Worth:||$256,000,000|
|**Earnings Per Year:||$11,520,000|
Note: this is a hypothetical (but very possible) earnings Metric for Jessica Alba based off of her net worth’s earning power alone. It does not include how much he potentially earns from projects, sponsorships, or social media, etc. This calculation is for entertainment purposes only.
Below are few interesting fun facts about Jessica Alba that you may not have known. Enjoy!
- Jessica Alba was once kidnapped.
- Alba’s mother was a lifeguard and her father was in the Air Force.
- Jessica Alba’s introduction to Hollywood was at the age of 13, but was doing commercials at 12.
- She’s has never done a nude scene.
- Jessica Alba has 10 million Facebook followers, 8.6 million Twitter followers, 19.8 million Instagram followers, and 240K YouTube followers, for a grand total of 38.6 million social media followers.
Related: Jessica Alba Quotes
How Did Jessica Alba Achieve Success
When Jessica Alba was younger, she did not wait for success to come to her. In fact, she went out and found her own roles in commercials and TV appearances. And as fate would have it, she would eventually land bigger and bigger roles on the big screen.
Certainly, a lot of effort, focus, and hard work played a part in her success, but ultimately she achieved so much of her success because making lots of money was important to her. In short, she was deliberate about achieving success so she could avoid living from paycheck to paycheck like her parents.
She also achieved so much success because she was deliberate about savings large sums of her money, and was willing to take risks with that money to achieve her goals. And of course, the outcome of this, was her having the funds to start up her now uber-successful company, The Honest Company.
Business Success Insights
If you’re interested in learning about the business acumen that Jessica become so successful in her business, this video does a great job providing those insights:
Video Credit: Forbes Women (Subscribe Here)
Related: Jessica Alba Success Story
Here are a handful of key takeaways from our Jessica Alba net worth page:
- Jessica Alba Net Worth: $256 million
- Annual Earnings **: $11.5 million
- Social Media Followers: 38.6 million
- Keys to Success: Hard Work, Being Smart With Her Money, Building a Business
Jessica Alba’s sizeable net worth is directly related to her penchant for working hard and being smart with her money. Not being one to miss an opportunity, she seized her moment to build a business that matters to her and countless other moms and consumers out in the world.
So, if creating a massive net worth like Jessica is something you aspire to, start hustling, keep looking for opportunities, and most importantly, begin stacking your money so you can seize opportunities when they arise.
With that being said, we hope you enjoyed our Jessica Alba Net Worth page and we hope you come back soon.
** These earnings are hypothetical and calculated off of Jessica Alba’s net worth earning potential alone assuming a 4.5% dividend yield.
SURVIVING DEBT: HOW TO BOUNCE BACK FROM FINANCIAL SETBACKS
If you’re looking for some strategies for surviving debt then you want to read this article. We wrote this article after learning about some recent statistics that show the average American debit is estimated around $90,460.
These statistics show that a large part of the American population likely live paycheck to paycheck, and that they are at extreme risk of experiencing financial hardships. Financial hardships that they might not recover from due to lack of savings and high debt.
That said, living paycheck to paycheck is the biggest money fear among individuals and it’s a key reason many people don’t have much savings, and have lots of debt. Other causes include low income, a high cost of living, medical emergencies, all of which often leads to a financial crisis.
Regardless of where you stand financially, its always a good idea to brush up on effective ways to manage your own money better. Doing so may just help you avoid any hardships caused by future financial crises. So, if you’re ready to learn about some strategies for surviving debt, let’s dive in:
SURVIVING DEBT AND BOUNCING BACK FINANCIALLY
1. Don’t Let Money Worries Take Control
It is normal to worry about your financial problems, and to some extent, you might start blaming others or an event for your current status. But wallowing and blaming will not turn the situation around. Instead of living in misery and worry, accept reality, let go of what you can’t control, and then hyper-focus on recovering from your financial setback.
However, if you overspend when hit by a challenge, recovering from a financial crisis can be difficult. You might end up spending your savings and retirement funds, and as a result, get into unwanted debts.
To avoid getting into more economic problems, beat your financial stress by talking positively about your losses, get accustomed to the current events, control your emotions when accessing your situation, and set your mind to searching for effective strategies to recover.
Even if some of these tips seem far fetched, they are actually some of the best ways to overcome money worries. It is also vital that you take practical steps, such as finding an extra source of income and reducing costs.
2. Improve your Credit Card Score
The first thing lenders look at before lending money is the credit score. Your credit card score determines whether you are capable of paying loans on time or not. When your credit score is high, lenders approve your loan applications faster, offer low-interest rates, and flexible payment terms. In the event of a financial crisis, maintaining a good credit card score can be difficult, given that you have outstanding debts.
As a result, taking personal loans or getting a new line of credit will be impossible. That is why improving your credit card score should be a top priority in your plan for financial stability.
Although fixing your credit score is something you’ll think of when you encounter money issues, it is not difficult to achieve. The first step is to assess your credit card report. All you have to do is get a copy of your report from the national credit bureaus-Equifax, TransUnion, and Experian via the official AnnualCreditReport website.
Set aside enough time for reviewing each report to identify factors affecting your score. Factors such as late or missed payments, collections, judgment, and high credit card balances lower your credit card scores.
After reviewing your financial report, consider disputing negative points such as judgments and collection accounts, which may result from a payment dispute between your insurance company and health provider, for instance. You may also dispute incorrect late or missed payment entries. For example, your mortgage lender may reveal a late or missed payment, when, in reality, you had paid on time.
Alternatively, you may choose the services of a credit repair company to dispute derogatory marks. While there are many credit repair companies, not all guarantee quality services. Therefore, review each company before committing to ensure that they have a strategy for disputing errors and negotiate with creditors to improve your credit score.
3. Make an Inventory of Your Finances
As difficult as it may be, making a list of the resources you have left and the liabilities you face is a crucial step towards financial recovery. You will have a clear picture of how big the challenge is and how it might affect your future fiscal plans. But before listing down your assets and debts, evaluate your spending habits.
If you have not been attentive with your expenses, go through receipts from gas stations, grocery shops, and restaurants to find out how much you spend on basics. Also, calculate your monthly costs, for example, how much you spend on rent or mortgage, insurance premiums, and utility bills.
Once you have analyzed how you handle money on a day-to-day basis, write a list of your assets and remaining funds. Taking inventory of your finances means sorting out the resources that belong to you from what others have a claim on. In simple terms, keep track of what you have left and what you owe. After calculating the total of your remaining assets, subtract from it the total amount you owe to find your net worth.
4. Define your Financial Goal
Defining your financial goal helps you focus on improving your monetary status and finding stability. Determine where you want to be financially within a specific period. Set a goal and be specific about it. Many people have financial objectives but struggle to achieve them because they do not apply the SMART goal setting system.
By implementing the SMART goal setting strategy, you become specific about your goals. For instance, saying that you want to become rich is unclear and too general.
When setting a financial goal, be specific about how much money you want to have in your savings account or the amount of debt you wish to pay off within a specified period. You can set a goal to save $5,000 of residual income or pay off debts worth $3,000 per month. Apart from being specific about your goal, you must have a way to measure your progress towards that goal. If saving $5,000 of your income per month is your goal, then the amount in dollars is measurable every month. Also, consider breaking big goals into small and realistic goals. Determine how much you should have in your savings in one, two, or three years.
The next step is to ensure that your goal is attainable. An attainable goal gets you out of your comfort zone while you live within your means. A good objective is one that challenges you to work hard towards success. This should not be too difficult, as it may lead to financial failure. On the other hand, you should not set an easy goal, as it will not help you stretch your ability to have fiscal discipline.
Another aspect that may lead to failure is setting unrealistic goals. If you have filed for bankruptcy, setting a goal to become a millionaire in less than a year is unrealistic.
Set a deadline for when to achieve a specific goal. If saving $10,000 per month for a whole year is your goal, give yourself a time-frame. Without a deadline, you will not achieve a financial goal even if it is measurable and attainable.
Related: Smart Financial Moves
5. To Survive Debt Create a Financial Plan
Achieving set goals is impossible if you are not strategic with your finances. To recover fully from an economic crisis, you need a personalized plan to guide you from setting objectives to recovering from bankruptcy. However, before you can start developing a financial plan, it is worth noting that people experience different issues with personal finance. So avoid comparing yourself with other people when creating a personal financial strategy.
The first step is to have a budget in place, depending on your current income and expenses. Relying on your current situation helps you create a realistic budget. Evaluate how you spend your money and determine if the extra money you have can help you achieve your financial goals. If not, consider re-examining your budget; cut unnecessary expenses to develop a budget you can live within.
Next, pay your debts with high-interest rates first, while avoiding more liabilities. However, this method applies to those with high discipline when it comes to money management. If paying off loans with low-interest rates keeps you moving, start there.
6. Stick To Your Plan
Saving small amounts of cash while paying off loans is an effective strategy you should apply in your personalized financial plan. Open an emergency fund where you can deposit some money every month. That way, you will limit the use of credit cards when emergencies occur. If you are fortunate to earn extra income in your current company or another job, contribute extra cash in your retirement fund or investment plan.
The reason you are creating a personalized financial blueprint is to prevent financial problems. Therefore, develop a long-term savings plan you can adapt and stick to regardless of the emotions or events happening around you.
We all face economic hardships at some point in life. However, each situation is unique, and how you react towards your monetary problems determines whether you will bounce back or stay broke. Letting your emotions take control after bankruptcy or financial loss is one of the primary reasons some people don’t get back to financial stability. Depending on your monetary situation, creating a plan to recover is essential. Focus on settling debts, increasing your savings, and attaining financial freedom.
Final Thoughts on Surviving Debt
After developing a financial plan, take the necessary actions to implement it and keep track of the results. Consider concrete solutions such as finding an extra part-time job, saving at least 20% of your income in an emergency savings account or contribute to your retirement plan.
If, for instance, you are in financial problems because of bad spending habits, try to limit your expenses. Reclaim what brings you joy in life and find cheaper alternatives to things that don’t. You will be surprised that the most affordable option will bring much joy while you save more.
Till next time,
PS – If you enjoyed this resource on surviving debt, then you may also enjoy these other supporting resources to help you strengthen your money mindset, and with it, your financial stability:
THE JEN SINCERO SUCCESS STORY
DECISION FATIGUE: HOW TO OVERCOME THIS SECRET PRODUCTIVITY KILLER
TOP 7 TRAITS OF SUCCESSFUL PEOPLE THAT YOU SHOULD EMULATE
10 BEST PRODUCTIVITY BOOKS TO READ IN 2022
THE SERENA WILLIAMS SUCCESS STORY
THE TOP 7 SKILLS THAT WILL MAKE YOU RICH
35+ BARBARA CORCORAN QUOTES ON SUCCESS AND ACHIEVEMENT
15 BEST BOOKS TO BUILD SELF-DISCIPLINE AND MASTER SELF-CONTROL (2022)
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20 BEST BOOKS TO BUILD SELF-CONFIDENCE AND IMPROVE SELF-ESTEEM (2022)
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100 INSPIRING EFFORT QUOTES TO HELP YOU ACHIEVE YOUR POTENTIAL
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