I think all of us at one time or another imagine ourselves doing it – buying that one stock that doubles or even grows by ten times its own share price. Even though we know the right thing to do is to follow conventional advice and only investing in large, high-quality companies, what if we’re missing out? What if there truly are some good cheap stocks to invest in where you could quickly multiple your money within a year? That might sound crazy, but you have to remember: All large companies were just small stocks at one time or another. At some point they experienced a period of explosive growth, and someone became rich as a result! Why can’t that someone be you? This subject is exactly the premise of a book I recently finished … [Read more...] about How to Find Good Cheap Stocks to Invest In – A Book Review
Your Residual Income Formula for Creating An Online Business
In the beginning, it was probably just for fun. The first time you likely started your blog or wrote your first post, it was just for sheer enjoyment. You wanted to say your piece and connect with other like-minded people within your virtual community. And for a while things were good, and you were happy to be this way. But then something happened. Someone emailed you with an offer for a $100 to add a certain link or post some post that wasn’t yours. Suddenly the lights came on and all those income reports you had always read about on Smart Passive Income flashed before your eyes. You probably thought: “I’m an entrepreneurial person. I’m sure if I put a little more effort into this, I could be pulling in 4 figures of passive … [Read more...] about Your Residual Income Formula for Creating An Online Business
How Do You Compare to the Average Retirement Savings of Other Americans?
Have you ever wondered how your 401k balance stacks up against the rest of the population? If you’re a devout saver, you may be surprised to find out just what the current average retirement savings for most Americans actually are. I first became somewhat curious about my own pace against those of other people after reading the book Your Money Ratios. The book offers you some suggested milestones for where you should be at with your savings given different age levels. In case you want to know but are too scared to “look under the bed”, your 401k balance is probably doing a lot better this year than you think. Despite some of the choppy financial news for this month, 2013 has been a pretty favorable year overall for the market on … [Read more...] about How Do You Compare to the Average Retirement Savings of Other Americans?
Niche Website Update 9 – Criticisms of My Second Niche Site
I’m pleased to inform everyone that things are still going pretty well for my small niche website portfolio. To quickly recap my last update, I had just revealed my second niche site launch (called NS2), provided a full run-down of all the activities and links I built to it, and then gladly reported that it was already ranking No. 4 in the Google search results for the exact match keyword. Well, another month has passed and I have some more developments to share. First I am going to compare NS2 to the achievements of my first niche site (NS1), and then give some critiques for both. And if you stick around long enough, I’ve also got another surprise for you... … [Read more...] about Niche Website Update 9 – Criticisms of My Second Niche Site
How to Make Money with a Website and Why Most Personal Finance Sites Don’t
MMD - Today we are very honored to be featuring a guest contribution from successful niche website creator Jon Haver. Jon's posts and ideas have recently been featured on a number of niche site blogs including a podcast interview on Niche Pursuits. If you're wondering right now how to make money with a website or why your's isn't doing as well as you hope, then you really need to hear Jon's story! Here it is: It wasn’t long ago (1 year ago) where I thought making $3k/month from 1 personal finance website I worked on part time would be too hard to achieve. I had always enjoyed reading personal finance sites and had been making smaller niche websites for a while but my plan was to combine these passions and make a larger website … [Read more...] about How to Make Money with a Website and Why Most Personal Finance Sites Don’t
Recognizing Opportunities to Build Multiple Streams of Income
I’ve often heard that great opportunities are not rare. It’s just that our ability to identify them is so undeveloped that we perceive them to be rare. Ever since I’ve started reading about how people find different ways to build multiple streams of income and then take full advantage of them, I find myself becoming more aware of them as I recognize them in even the tiniest things throughout my everyday life. I might see them in a billboard on the way work, in a tool or gadget I have to use, or even in this case while I’m on vacation. … [Read more...] about Recognizing Opportunities to Build Multiple Streams of Income
There Are No Shortcuts to Early Retirement Planning
Even before starting My Money Design over two years ago, I was on what seems to be a never ending quest to find the secret to achieving true financial freedom or great key to early retirement planning. How is it that people my age, perhaps younger or older, are able to quit their jobs if they want and still maintain thriving lifestyles? I’d love to tell you that after all this time that I have all the answers. That there was some kind of easy solution or magic bullet. However, I’m still a long ways out and seem to have a lot further to go. The path to get there has been more of a puzzle than I originally thought. Each piece containing it’s own unique challenges and scarifies. Here are my observations on the various paths that … [Read more...] about There Are No Shortcuts to Early Retirement Planning
My Money Design Turns 2 – Plus SEO Tips and Tricks
Hello and welcome to the celebration of my blog, My Money Design turning 2! This week marks the second year since we first hit the Internet and I started putting my thoughts out there for the world to read. You can catch my write up for my first year blogging anniversary here. Since last year a LOT has happened - both personally and on the blogging front. Although my website still isn't as wildly popular as some of the other personal finance sites out there, I did enter the second year a little wiser having made so many mistakes the first year. And therefore half of this post will be dedicated to helping you by sharing some of the SEO tips and tricks I've learned along the way. More on that below. … [Read more...] about My Money Design Turns 2 – Plus SEO Tips and Tricks
