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17 SIMPLE WAYS TO MAKE MONEY ONLINE FROM ANYWHERE IN THE WORLD

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Simple Ways to Make Money Online

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

Best 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.

Make Money Online With Affiliate Marketing

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.

Make Money Online as a Publisher

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.

A Way to Make Money Online is as an Influencer

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

16. Investing

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.

Final Thoughts

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,

STRIVE

Marie Fincher is a content writer at Trust My Paper company and an enthusiastic blogger interested in writing about technology, social media, work, travel, lifestyle, and current affairs. She shares her insights through blogging.

Entrepreneurship

7 BEST FINANCIAL TIPS FOR CASH-STRAPPED ENTREPRENEURS

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Financial Tips for Entrepreneurs Who Are Cash-Strapped

If you’re searching for some truly helpful financial tips for entrepreneurs, then this post is for you. One of the most common challenges that aspiring entrepreneurs have is a lack of funds, so it’s very important to manage your money well.

To attain success through financial independence, one must learn how to let their money work for them by establishing a business or any other source of passive income.

This is something that people who strive to work for money will never understand. And for those who do are the ones who have adopted an entrepreneurial mindset.

However, one of the biggest and most common challenges that aspiring entrepreneurs have is the lack of funds. Even if they’re able to get started, chances are they cannot sustain growth due to the lack of effective money management.

The hard truth is that most entrepreneurs will fail repeatedly and lose money for around 6-12 months after starting, sometimes even longer. And in the entrepreneurial world, when the going gets tough, the tough get going.

Remember that failures are crucial stepping stones in business. Anyone can aspire to become an entrepreneur, but not everyone has the persistence needed to keep going and start leveraging mistakes to point them in the right direction.

Unfortunately, failures cost money. Without money, you simply cannot sustain your business even if you do have the drive to keep going.

With this being said, you need to start implementing money management strategies that will fuel your business on the road to success. And for those who often struggle financially to sustain their business, here are the top 7 tactics you can learn.

BEST FINANCIAL TIPS FOR ENTREPRENEURS

1. Have a Cash Cushion Ready

“Try to maintain at least a 3-month emergency fund that can help with unexpected expenses or those months that don’t do as well as you had planned in your projections,” says Marcus Roberts of Mirador Wealth Management.

Having a cash cushion and strictly following a budget is not only important for entrepreneurship. It is also crucial if you want to prevent your personal finances to suffer as you pursue your business.

A good strategy to secure your cash cushion is to have it deposited in a separate account which cannot be used for online transactions.

2. Use Free Apps as Much as Possible

The world of businesses – online or offline – have evolved past a point where a competitive advantage can be bought with money. In online marketing, there are a growing number of premium tools that can speed up company growth and automate time-consuming processes. This is why well-established firms have an easier time expanding and adapting than smaller startups, which are forced to compensate for the lack of funds by working a lot harder and investing more time.

As a small company, you should definitely avoid spending money on tools that are inessential to your business. Focus on the ROI and assess whether or not everything you invest on actually matters to the survival and growth of your company. Fortunately, a lot of paid automation tools have free or trial version alternatives, particularly with mobile apps.

And to make sure you stay wise with your investment decisions, always opt for free tools such as MailChimp (email marketing platform) and Brightbook (online accounting tool) first before purchasing their premium counterparts.

Additionally, you should focus more on motivating your employees (and yourself) to maximize productivity. One tip is to encourage them to work smarter rather than harder. You can do this with time management and focus-inducing apps such as Toggl (time management app) and Noisli (productivity app). The good news is; these productivity-boosting tools are free to use.

3. Seek Help from P2P Lenders

Not to be mistaken for crowdfunding – P2P lending is an investment practice of financing companies in exchange for an interest rate, whereas in crowdfunding, investors are promised either a reward or equity. Looking at the bigger picture, P2P lending is often seen as the less risky option.

p2p loans for entrepreneurs

“P2P lenders remain private companies funded by investors or institutions looking for returns from alternative fixed income investments,” says Shindy Cheng. “They mostly follow proprietary data models to determine loan approvals, and are competitive when compared to traditional bank financing and depending on credit risk.”

Today, there are several P2P lending platforms you can find online to finance your business needs. If you’re low on funds, consider looking for P2P investors first before trying new ventures in your business. This will help mitigate risks and speed up the growth of your business. To get started, you can find them in a wide variety P2P websites.

Here’s a short list of some of the best, according to Investopedia.com.

4. Refine your Sales Process

With the overreliance on automation and online selling platforms like Shopify, a lot of entrepreneurs, particularly those running online stores, overlook the importance of having a refined sales process.

You could be making sales and even manage to attain positive cash flow. But unless you have a solid, repeatable sales process and having a firm grasp on actual figures (earnings, receivables, etc.), it is nearly impossible to develop measurable and effective plans of action for the future of your company.

You must have a repeatable sales process, as well as a solid knowledge of your numbers. Do cash flow projections for the 12 months ahead, and then document the actual against the forecast figures.

5. Use Low Fee Business Checking Accounts

Every entrepreneur or small business is going to need a business checking account. Unfortunately, not all business checking accounts are cheap. In fact, some can be down right expensive.

Believe it or not, those bank fees do add up. So, as a cash-strapped entrepreneur, you can keep as much of your money as possible by paying attention to the fees your bank is charging you to use their business checking accounts.

6. Get a Business Credit Card

Another effective financial tip for entrepreneurs, especially cash-strapped entrepreneurs, is to apply for a business credit card. Not only will having one improve your credit, but it can help streamline a lot of your recurring expenses.

entrepreneur financial tip - get a business credit card

If you set up payments with third-party services that you use to run your business, you can automate some of your business expenses, and give yourself a buffer during those tight months when cashflow is lower than expected.

So, get yourself a credit card, use if for recurring expenses, but be sure stay away from accruing debt that you can’t pay back every month, as interest rates can start to eat into your profits.

7. “Keep it Simple, Silly”

Again, it is common for businesses to struggle during the first year. A dedicated entrepreneur is expected to invest a lot of time in the business. And from time to time, the entrepreneur may also need to shell money out of his own pocket to support the company’s expenses.

It’s is very rare that an entrepreneur will discover massive financial success early on. So, don’t complicate your efforts with high expectations for fast and high returns. Be sure you’re smart with your expenses, only spend money when you have to, and don’t throw all your chips in at once.

Being an entrepreneur takes guts. It takes a mentality to not work for a salary initially. Ensure you can see out that first 6-12 months with either no, or very little and essential living expenses.

Final Words

Here’s a quick recap to help your remember each step:

  1. Have a Cash Cushion Ready
  2. Use Free Apps As Much As Possible
  3. Use P2P Lenders If Necessary
  4. Refine Your Sales Process
  5. Use Low Fee Business Checking Accounts
  6. Leverage Low Fee Business Credit Cards
  7. Keep It Simple and Don’t Over Extend Yourself

Whether you’re trying to save up for a cash cushion or not, frugality is always a strong quality to have for money management. This means you have to consider absolutely anything that can save you money; from walking to work, preparing your own meals, skipping on overpriced coffee, spending weekends at home, and so on. These things can wait; but the heavy costs of supporting a business can’t.

Follow these money management tips, keep moving forward, and it will only be a matter of time before your venture gains some serious financial traction.

Till next time,

STRIVE

PS – If you found these financial tips for entrepreneurs helpful, then you may also enjoy these other useful resources for entrepreneurs:

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Money

HOW TO GET RICH WITH A NORMAL JOB

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How to Get Rich With a Normal Job

Getting rich or becoming wealthy is a desire that many people secretly harbor. It doesn’t matter if you have a normal job, no job, or run your own business, everybody wants to know how get richer. Unfortunately for many, this desire is just a lofty dream, especially for those who have a normal job. But, it doesn’t have to just be a dream. Becoming wealthy is a practical goal worthy of pursuit. And despite what the cynics and excuse makers say, it is achievable for everyone. So, if you truly want to know how to get rich with a normal job keep reading, because we’ll show you how in this post.

“Wealth Is Largely The Result Of Habit.”

– Jacob astor –

The truth is, everyone and anyone can get rich. Yes, most millionaires are made from being the owner of their own business, but, that doesn’t mean you can’t become a millionaire too. There are plenty of people all over the world who have amassed serious levels of wealth with just a normal job.

It doesn’t matter if you’re a janitor, a hairstylist, teacher, or a fire fighter, it can and has been done.

But, it doesn’t happen over night. Becoming rich requires a plan that needs to be followed. Fortunately, the plan is an extremely simple 5 step plan than works for anyone who implements it. But the key is disciplined implementation. So, if you’re ready to learn about this very simple plan that if followed, will help you get rich with your normal job, let’s dive in to the juicy details:

HOW TO GET RICH WITH A NORMAL JOB

Getting Rich With a Normal Job

1. Start Saving 20% of Your Income

First things first, you have to start saving your money. You can’t get rich if you don’t build the habit of putting your money away. Ben Franklin once stated, “Get what you can, and what you get hold, Tis the stone that will turn all your lead into gold.” Andrew Carnegie also said  “The fastest way to double your money is to fold them in half and put them in your pocket.”

So, it’s never a bad idea to follow the advice of America’s first millionaire, and one of its all-time richest. That said, find a way to scrape at least 20% of the monthly income you earn from your normal job, and start stashing it away, stacking it, or whatever you want to call it. Start saving your money!

how can a normal person become rich

If 20% seems like an unreasonable amount to you, just keep this fact in mind, millionaires on average, invest 20% of their net pay each month.[1]

2. Create a 3 to 6 Month Rainy Day Fund

The foundation of your fortune needs to be built on a rock, not sand. So, before you begin throwing your hard earned money into assets that have double digit growth potential, you’ll want to make sure you create a financial safety net for yourself.

This three to six month fund is important to have in the event you lose your job, or suffer some type of financial set back like a car accident, unexpected medical bills, etc..

It’s key that if an emergency occurs, that you pull money from your emergency fund, vs. your investments, because investments tend to be more volatile. And if you pull your money for emergencies from investments at the wrong time, you could end up losing lots of money.

On top of this, it is important to never get in the habit of pulling money from your investments. Because once you do, it’ll be hard to stop. At which point, you’ll have created the habit of diminishing your wealth, not growing it.

So build your emergency fund as soon as possible. Then, move on to the next step.

3. Pay Off Your High Interest Debts

After you create a little security blanket for yourself you’ll be eager to dive into investing. But, you’ll want to show a little more restraint, and move on to paying down your high interest debt first.

The reason to pay this debt off first, is because more often than not, your high interest debts can trap you in a form of a viscous cycle. Meaning, you’ll pay your creditors money, but you’ll make very little to no progress paying down the principle.

Pay Down Debt to Get Rich

Creditors love it when you pay on a regular schedule and especially at just the minimum payment, because it makes them richer and slowly impoverishes you. So if the interest rate on your debt is near the average assessed interest rate on credit cards, which is 16.45%, you may want to pay that debt down A.S.A.P.[2]

Why? Because there are very few safe investments that will safely earn you over a 16.45% return a year. Thus, your money will be better used paying down debt that drains your wealth vs. grows it.

Sure, some debt you’ll want to keep and pay down on a regular schedule, (like your car or mortgage) but if the interest is higher on those debts than what you can safely earn in the markets or on investments, then you may want to consider crushing that high interest debt first.

4. Minimize Wasteful Spending

This next step is the hardest for most people. In fact, it’s what leads most people to accrue what they just paid down in step three, debt. Everyone wants to enjoy the fruits of their labor, and the easiest way for people to enjoy the money they make is to spend it.

Splurging can be fun, give us a little endorphin rush, and make us feel like we are “rich”, or that we’ve “made it” because of the material possessions that we now possess. But, this is the area that you’ll have to master if you want to become rich with the income from your day job.

So, get disciplined with your money. Create a budget if you have to, where you only allot yourself so much money to spend every month so you don’t go overboard. Do this, and you’ll be able to not only invest 20% of your income, but likely much more.

Which leads us to the next and most important step for getting rich.

5. Invest Your Money Aggressively, But Wisely

The fastest way to get rich with your normal job is to invest your money aggressively, but wisely. Once you’ve created for yourself a nice financial security fund, have paid down your high interest debts, and reigned in your excessive spending, the world is yours for the taking.

This is the point where you really start to accelerate the growth of your wealth. Every dollar you invest (so long as you invest it wisely) will become a hard working helper for you to create even more money.

A good way to think of every dollar you invest, is to think of it as an investment into a little money miner. And each one of these little green money miners diligently works for you day and night, even while you sleep to make you more and more money. And money that makes money, that makes even more money, is known as compound interest.

The concept is so important that Albert Einstein once quipped, “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.”

So, to take full advantage of compound interest, you’ll want to invest as much as you can as often as you can.

Get Rich With a Normal Job By Investing

Get Rich Investing In These

If you’re not sure where to start investing once you’ve taken care of all the other steps, here are some popular investment vehicles for you to consider. Keep in mind, each of these investment vehicles come where their own strengths, weaknesses, and varying risk thresholds. So, the amount you invest in each will be solely up to you, your financial situation, and your personal risk tolerances.

STOCKS

Investing in stocks is like purchasing a small portion of a company. The company uses your money to keep the business running and continue growing. Ultimately, stocks can make you money by both appreciating in value and/or paying you out a monthly or quarterly dividend.

REAL ESTATE or REITS

Real Estate is another great investment. You can purchase it out right, or invest in a fund that invests in real estate for you, a.k.a. a REIT (Real Estate Investment Trust).

Real Estate can make you money if you rent out the property to a tenant, and that tenant pays you above the cost to pay the mortgage on the property and maintain the asset. Real Estate can also make you money when it appreciates in value.

The same principal applies to REITS, but you are essentially pooling your money, and allowing a manager to do all the dirty work. Of course, these takes control out of your hands as well, and can impact how much you make from your real estate in the long run.

BONDS

Bonds are issued by governments and corporations when they are looking to raise money. And when you invest in a bond, you are essentially giving the issuer a loan which they are obligated to pay back. Bonds do often pay small interest payments as well, but they’ve been know to be lower than other investment vehicles lie stocks and real estate, but also less volatile.

CRYPTO

Crypto currencies are a more recent investment phenomenon. Some investment experts loathe them, while others love them. In the most simplest terms, they are essentially a digital or virtual currency that uses cryptography to secure them. This cryptography is then suppose to safeguard the digital currency from counterfeiting or double-spend.

As such, many investors buy cryptos to safeguard their wealth from devaluation, unfair meddling by rogue governments, and theft by crooks.

GOLD + SILVER

Gold and silver are typically invested in to mitigate the inherent risk of a portfolio. They are used by most investors as stores of value, which means they are invested in to ensure one’s wealth doesn’t depreciate over time.

Ultimately, Gold and Silver are excellent investment choices because their shelf-life is perpetual, and because it is more or less stable.

That said, how you diversify your investments is completely up to you. The most important thing of course, is that you just aggressively invest your money. Because the more aggressively you spread your money across these handful of investments, the richer you’ll be.

Investing to Get Rich

Final Thoughts

Anyone can get rich, even normal people with normal jobs. But you have to first believe that you can do it, and then you have to back up that belief with disciplined action. Eventually those repetitive actions will turn into habits, and those habits into riches and wealth.

This same principle applies to just about any goal, but it’s especially true with getting rich.

“Repetition Is The Mother Of Learning, The Father Of Action, Which Makes It The Architect Of Accomplishment.”

Zig Ziglar

Having said that, we’ve created a downloadable version of the fastest ways to get rich with a normal job. Feel free to save it or print it out for easy access. You can also add it as a wall paper on your smartphone to help you remember these habits for getting rich. Here it is:

How To Get Rich With a Normal Job printout

(Click Image to Download)

So, work on your mindset, get serious about getting rich with your normal job, and then put these money moves into motion, and you’ll be rich before you know it.

Till then,

STRIVE

Disclaimer: We are not financial advisors. The content on this website are for educational purposes only and merely cite our own personal opinions. Read full disclaimer here.

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Money

JEFF BEZOS NET WORTH + HOW MUCH HE MAKES PER YEAR

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Jeff Bezos Net Worth

Jeff Bezos is the ecommerce icon who founded and built from the ground up, one of the most recognized and used ecommerce platforms in the world. He’s since expanded his horizons into other verticals like cloud computing, space exploration, and media amongst others. In short, he’s a visionary action-taker, successful business mogul, and a savvy investor, who has managed to build one of the most impressive net worth’s in the world over the years.

So, that’s exactly what this page will be highlighting, Jeff Bezos’ net worth and his current earning power. And, while you’re here we’ll also share with you a few intriguing fun facts about Jeff Bezos and his life. So, let’s dive in.

What Is Jeff Bezos’ Net Worth

Net Worth of Jeff Bezos

Everyone knows Jeff Bezos is a billionaire, but how much of a billionaire is the real question? Well, we’ll just say he’s one of the biggest as he’s been vying with other billionaires for the #1 spot for the past couple of years. He’s not currently the richest, but he is up there.

As of 2022, Jeff Bezos’ net worth is estimated to be around $167 billion.[1] Which puts him in the top three position for world’s richest. For perspective, he’s nearly three times richer than the founder of FaceBook, Mark Zuckerberg.

How Much Does Jeff Bezos Make?

Now that you know how filthy rich Jeff Bezos is, you’re probably wondering how much he makes a year. Well, as a savvy business owner, he pays himself a modest $81K per year, and pulls in by other means compensation that puts his annual income at about $1.7 million per year.

But, considering he’s a multi-billionaire, we all know he could be pulling in a lot more income per month if he wanted to. So, to give you a better idea of exactly how much Jeff Bezos could be making per year, we’re going to provide you with his annual earning power based off of his his $167 billion fortune.

So, if you’ve ever wondered how much Jeff Bezos makes per day, month, or even a year, this metric below will give you a good approximation.

To get to this number, all we have to do is presuppose Jeff Bezos is smart enough to earn an annual 4.5% yield on his combined $167 billion net worth ( FYI, 4.5% is a beyond reasonable return to expect, due to the fact that historical returns on safe investments typically fall between the 3% to 5% range [2]).

That said, assuming Bezos consolidated all of his assets into a handful of stocks, ETFs, or REITS with a modest 4.5% annual dividend yield, Jeff Bezos would be making $7.5 billion per year. Put another way, he would earn approximately $626 million per month.

JEFF BEZOS MONEY METRICS

Money MetricAmount
2022 Net Worth:$167,000,000,000
**Earnings Per Year:$7,515,000,000
Per Month:$626,250,000
Per Week:$144,519,231
Per Day:$20,645,604
Per Hour:$860,233
Per Min:$14,337
Per Sec:$239

Note: this is a hypothetical (but very possible) earnings metric based off of the earning power of Jeff Bezos’ net worth alone. It does not include how much he potentially earns from other projects, sponsorships, or miscellaneous business dealings he’s involved in. This calculation is for entertainment purposes only.

Fun Facts

Below are few interesting fun facts about Jeff Bezos that you may not have known. Enjoy!

  • Jeff Bezos’ biological surname is Jorgensen, but he assumed his step-father’s surname.
  • His biological father was a unicyclist and circus performer.
  • Bezos’ owns less than 10% of Amazon since selling over $8 billion of his stock in 2021.
  • In his youth, Bezos spent most of his summers working on his grandfather’s ranch.
  • Jeff Bezos has 4.9 million Twitter followers.

Related: Jeff Bezos Success Quotes

How Did Jeff Bezos Achieve Success

Jeff Bezos achieved most of his staggering success and fortune through founding and building Amazon.com, initially an online bookstore that would grow to become one of the largest, if not the largest ecommerce stores globally.

Success wasn’t just handed to Bezos though, he had to choose to risk his lucrative career in finance, as well as his money, and other people’s money (friends, family, and investors) to get his online bookstore venture started.

Jeff Bezos Net Worth Quote

Fortunately for Bezos, his business gained traction early, and that traction eventually turned into massive momentum. A momentum that Bezos has been riding for over two decades now.

In short, Bezos success stems from having a vision, taking the necessary risks to pursue that vision, and then persistently and consistently finding ways improve his service offerings and the quality of his services to people all over the world.

Related: Jeff Bezos Success Story

Bezos Business Insights

Here’s a short video that contains some sage business and success advice for entrepreneurs looking to go big like Bezos.

Video Credit: Better Everyday (Subscribe Here)

Build Wealth Like Bezos

Building a sizeable fortune like Jeff Bezos may seem impossible, but Jeff did it. Certainly, he’s a rare example of high achievement, but that doesn’t mean you can’t build your own small fortune.

So, whether you’re looking to create the next Amazon.com, or just start growing your own pile of cash, either way you’ll want to follow these steps to start building your fortune like Bezos:

Build Net Worth Like Jeff Bezos

Final Thoughts

Here are a handful of key takeaways from our Jeff Bezos net worth page:

  • Jeff Bezos Net Worth:  $167 billion
  • Annual Earnings **:  $7.5 billion
  • Social Media Followers:  4.9 million
  • Keys to Success:  Innovation, Taking Risks, Resourcefulness, Focus On Service

There’s no doubt that Jeff Bezos’ massive net worth is directly related to the risks he’s taken and the value, convenience, and time those businesses have provided to people. The saying, “Be a lot, do a lot, do a lot, have a lot” rings especially true in Jeff Bezos case.

That said, if growing an astronomical net worth like Jeff Bezos is something you’re aiming for, remember, you have to start somewhere. So, dream big, start small, but most of all, start building.

We hope you enjoyed our Jeff Bezos net worth page and hope you come back soon.

Till then,

STRIVE

PS – If you enjoyed learning about the net worth of Jeff Bezos, then you also likely enjoy diving into the net worth profiles of his biggest competitors: Elon Musk and Bernard Arnault.

** These earnings are hypothetical and calculated off of Jeff Bezos’ net worth earning potential alone assuming a 4.5% dividend yield.

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THE TOP 7 SKILLS THAT WILL MAKE YOU RICH

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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

Best Skills to Become 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.

Rich Communication

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.

Related: How To Get Rich With a Normal Job

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.

Final Thoughts

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! 

Till then,

STRIVE

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

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15 FINANCIAL TIPS TO RETIRE EARLY AND HAPPILY

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financial tips to retire early

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

best 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:

  1. Your initial investment will be secure.
  2. 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:

  1. Reduce Your Cost of Living 
  2. Estimate the Money You Will Need after Retirement
  3. Avoid Debts
  4. Avoid Buying Things That Will Own You
  5. Have Multiple Sources of Income
  6. Find a Financial Advisor
  7. Invest Strategically
  8. Learn Money Management
  9. Don’t Get Eaten Up By Taxes
  10. Have a Well-stocked Emergency Fund
  11. Continue Learning
  12. Prepare a List
  13. Take Care of Health Insurance
  14. Invest Some of Your Cash in Annuities
  15. 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,

STRIVE

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.

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