In the spirit of full transparency, know that this post on how to make money at home contains affiliate links. This means if you make a purchase through these links, I may receive a small commission at no extra cost to you. In fact, you may receive a discount or some money for free! Click here to read my full disclosure policy.
You don’t know it but, by the end of this page, you will have learned how to make money at home.
Imagine what it would be like if you could spend each day deciding how to spend your time.
Just picture waking up in the morning without the alarm going off to the smell of a freshly brewed coffee.
Visualise yourself having a leisurely breakfast with your family knowing that you control what time you need to work and IF you need to work that day.
And as you read this web page, remind yourself of what this would feel like.
If you’re like me then you don’t wont to work in a job until you’re 75 years old.
In fact, you probably would quite like to have more time to do the things you love whilst you’re still young and energetic!
Well here’s a fact for you:
Being in control of your schedule has the biggest impact on your happiness.
Most of us know some people who work from home or don’t have a “typical job”.
Now, let me ask you this…
Do you think these people dread Monday mornings?
Here are 6 reasons why everyone should find out how to make money at home:
Try it out yourself and tell me if this is wrong!
If you’re thinking “but I don’t even know where to start!” then you are not alone amigo!
Most people would jump on the opportunity if they knew how to make money at home. You can find out more ways to make money from home on Single Moms Income.
Now I would like to help you experience what it’s like to actually do this!
This is without a doubt the best way to make money at home on the computer to earn passive income.
Really think about it…
Do you want to HAVE to work for the rest of your life?
Would you like the option to be able to pick and choose days and times when to work?
If you would then earning passive income is a must!
A couple of years ago I genuinely didn’t know it was possible to earn money through a blog…
But it is!
I’ve put a lot more information about these types of income in other posts which you can find below.
For now, you just need to know that it’s not super hard to start a blog.
However, it can be harder to set up a blog that suits monetisation (which is how to make money at home).
But not to worry!! You could have a blog set up in a great way for monetisation within the next 30 seconds after you read this article:
The easiest way that ANYONE can make money at home is without a doubt filling out surveys…
The issue with most survey companies (and there are loads of them!) is that they will only send you the odd survey depending on your background information (age, gender, nationality, religion etc.)
So it’s important that you find legit survey sites and ideally sites that pay in cash rather than vouchers.
Here are the top 5 recommended survey sites by Make Time Online:
There are some important tips to be aware of to make good money from surveys too:
You won’t become rich or be able to quit your job from this but it is realistic to make a few hundred dollars a month by giving your opinion in your spare time.
You can read more about what each of these sites does and find a total of 15 legit survey sites that pay you money here.
It’s one of the best ways to connect with other people.
Not only can you interview people you admire and would like to learn from, but you connect with the people that listen much more than you can from a blog.
Some people think it’s really hard to start but if you have a laptop and internet chances are you could start one by the end of the day!
Many podcasts use advertising as a form of income but it’s often the relationships that you build that can help to monetise a podcast.
Check out the chat I had with Jeff and Ben from Dollarsprout who earn $240k/ month from their online business.
As you absorb this information, you’ll start to realise that anyone can make money from home.
And you will start to feel better about the options you have for the future.
Just picture this for a moment…
You are making an extra few hundred extra dollars every month just by doing things that you are interested in or by using skills you already have.
Now, let me ask you this…
If you could make money at home for free, would you want to?
Since you’re still here, I’m going to assume you’re interested.
So here’s how to make money at home for free:
You’re probably wondering how you can become a freelancer.
Well, do you speak English?
Do you know how to read and write?
There are so many opportunities to get freelance work on editing or writing for all kinds of businesses.
Are you interested to find out more about how Caitlin earns over $50,000 per year?
She earns this simply by proofreading and enjoying her holidays!
Check out her FREE 45-minute workshop to see how to make money at home:
If you have a specific skill or you can help someone else out that is extremely busy… then people will pay you for it!
Maybe you can:
Check out some of these reputable sites to see how to make money at home… right now!
It’s very possible to earn $50-$100 PER HOUR!
And as you think about how to make money at home, you become really interested in these free ways to make money.
Tutoring online is one of the best ones particularly for those wanting to get started soon!
Using Chegg you will start earning from $20 per hour!!
So this can easily add up to over $1,000 per month extra cash tutoring part-time from the comfort of your own home.
Here’s one for all my teaching friends…
You can literally sell your lesson plans.
Do you remember a time when you just started teaching? The amount of time and energy it would take to plan ONE lesson!
New teachers will gladly pay for some of these lesson plans that you have sitting on your hard drive (if you did a PGCE in England you know what I mean!)
Check out this website:
The closer and closer you get to the end of this page, the further and further your problem of how to make money at home goes.
Little by little you begin to notice that it is possible to make money at home.
Now, I can almost hear your mind saying…
Is it possible to make money online FAST?
Hopefully, by now you can see that it is!
Within a few minutes you could:
Do you realise what you will get from doing any of these things?
… yes apart from money!
You will learn a new skill.
And only rare thinking people like you already know that skills are what the new currency is in today’s information age.
The more skills you develop and improve the more people will want to pay you!
Ah how did I know you’d say this!
Really think about this…
Like really, really…
Do you have a spare hour this week?
In fact, do you have a spare hour RIGHT NOW?
Because if you do, you can literally set your life path on a new course.
Learning how to make money at home is like what spinach is to Popeye.
It WILL give you a buzz knowing it’s possible to make a new stream of income from the comfort of your home.
Before long you will be creating time to spend on making money at home.
You will never find time for anything. If you want time, you must make it.
Pin this page to come back to it later…
Just imagine days from now waking up to see additional money in your bank account.
This doesn’t have to be a distant dream.
All it takes is a bit of action from you and you can start trying different methods for how to make money at home…
Get on it like a fat kid on cake.
Keep changing for the better,
P.S. If you are interested in making money online to free up your time, have a look at my #1 recommended program here, which I am currently using.
Note I am not a financial advisor I am only giving my opinions on the Millionaire Teacher book review. There are also affiliate links in this article, read the full disclaimer here.
As you read every word of this review you will become amazed at how a teacher has become a millionaire!
Yes, you read that right!
Andrew Hallam really does have an extraordinary story. But the methods he used to get where he is are very ordinary.
Let me ask you this, “are you interested in earning a passive income?”
Andrew demonstrates the importance of living frugally and investing in the stock market when young. If you read this book in school you would be laughing right now.
People this book is for:
Are you beginning to see how the millionaire teacher book review could help?
Since you’re still here I’m going to assume that you want to learn more about investing in the stock market.
The methods Mr Hallam mentions in the book have been proven by numerous studies to be the BEST and easiest way to invest money to grow wealth.
If you’re like me, you want to find multiple streams of passive income.
This method is possibly the MOST passive form of income I have found to date.
As you keep reading this webpage, you will feel more and more amazed at how Andrew Hallam became a millionaire and some of the (slightly insane) things he used to do to save more money, pay off his debts and invest more.
This includes when he used to ride his bike 70 miles a day to and from work.
He did this because he could rent a basement for $350 a month out of town and avoid paying for fuel in his 20 year old $1,300 volkswagen (which he sold for $1,800 2 years later).
There is lots of great advice in here but there are 3 big lessons I want to share in this millionaire teacher book review…
Imagine what it would be like if you could use a car for a few years and be paid to use it?
Rather than leasing a car, Andrew Hallam has an EYE POPPING tip to purchasing a car!
The secret is:
Buy second-hand Japanese cars that have low mileage and are well maintained…
Japanese cars like Toyota and Nissan typically hold their value well and it’s not uncommon to be able to sell the car for more money a couple of years later.
When comparing this to leasing a car the savings are rediculous! The average savings of buying ANY second hand car is $4,856 per year for a two-car household.
That may not sound like a lot but wait for this…
If you invested $4,856 a year into an index fund that pays 7% on average for 20 years the final amount will blow… your… mind!!…
Is leasing 2 cars compared to getting 2 second hand cars worth $277,455 to you? (btw if you carried on for 40 years it would be $1,890,496!!)
Do you still think leasing that brand new Audi is a good deal?
This part of the book is more important than the air we breathe.
There are numerous reasons why Index funds are the best way to invest in the stock market but here are the main points summarised:
Let me tell you the story of Star and Lucy…
A 5 year old girl Star invested the $1.45 a day she earnt from recycling cans. She carried on investing $45 a month until she was 65 years old (a total of $32,400 invested).
Her friend Lucy, started to invest $800 a month at the age of 40 until she reached 65 (a total of $240,000).
Star’s final value was over $237,052 more than Lucy, despite Lucy investing WAY more money than Star.
QUOTE The best time to have started investing was when you were born. The second best time is today
You’re smart enought to know it’s not if but when the market crashes.
This FACT blew my mind!…
Over the course of 2005-2015 the Vanguard S&P 500 Index averaged 8% per year... This was during the financial crisis of 2008-2009!!
Now, let me ask you a personal question. Do you think you could buy more stocks if the media and the whole world were panicking about the stock market and telling you it could cause a financial melt down?
I know I would find it hard!
This is the
Fear meant that investors stopped buying when the market was “on sale”
Now imagine you keep paying in the same amount every month. It means you buy MORE units when the prices are low and less units when they are HIGHER!
e.g. Let’s say you pay in $100 a month into a Vanguard Index Fund. If the price of the index fund is $10 you can buy 10 units. If it has crashed and is now $5 you can buy 20 units (it’s on SALE!!)
It is for this reason that the Vanguard Retirement 2045 Fund returned an average of 7.39% to their investors between 2005-2015 but the average investor who had a direct debit with them earnt 9.32%.
A return of over 9% a year on average DESPITE the crash of 2008-2009!!
Just picture this for a moment…
You never have to work again because your index funds provide you with MORE money than you need to live off.
To get to this stage we need to know some numbers.
Let’s imagine you and your family can live off $50,000 a year.
Let’s also assume your index fund returns an average of 7% per year.
Here’s the maths!…
Annual expenses/ Avg. return = Total nest pot to invest
$50,000/ 0.07 = $714,285.72
Just think about it… you can spend $50,000 a year forever, without touching the initial “nest pot”!
If you’re thinking that it will be IMPOSSIBLE to get a pot of $714,285.72 then read on…
Let’s just imagine you can save $20,000 a year and invest it in the stock market.
This would take you 17 years to reach your figure of $714,285.75 or 21 years to reach $1 million.
I will go more into detail about the unltimate strategy in a future post.
For now just know that the most important thing you can do it set up an account and GET STARTED! £100 a month will make a huge difference to your future.
Pin this to come back to this article again later.
If you are thinking to yourself “to be able to retire after 17 years is not bad” then you are right.
To be honest it’s much better advice than you will get from most financial advisors.
However, this is not allowing for inflation or any changes in your lifestyle (maybe you want to have children or your kids are going to uni or you want a holiday home to retire with etc.)
Plus you NEED to save $20,000 a year… EVERY year.
Andrew Hallam is clearly an extraordinary man.
He was able to be self-disciplined and did some things that most people would not be prepared to do.
Personally, I don’t believe in focussing too much on cutting expenses as it closes our minds and you will never be able to save more money than you earn.
The focus should always be on increasing our income!
Whilst Mr Hallam may have given himself a comfortable life and a financial indenpendence from his portfolio, he has only become “rich” by becoming an entreprenuer. He has missed out this fact in his book (just like Dave Ramsey).
He makes a lot of his income from books, courses and selling HIS products.
If you want to be “Financially Independent and Retire Early” (FIRE for short) you realistically need to find a side hustle or alternative ways of MAKING money.
Now that you’re at the end of this millionaire teacher book review, you will have learnt the importance of investing in index funds and living frugally.
If you start early enough you can utilise compound interest to work for you, without having to put as much capital in yourself.
Let’s face the reality that index funds consistetly beat private investors and mutual funds due to:
If you are looking to invest in the stock market this book will provide you with a guide as to how to start and the best index funds to use (if you live in the US, UK, Australia or Singapore).
Keep changing for the better,
p.s. If you have any questions and I mean ANY questions about Millionaire Teacher, please leave them below. If you have read this book before or something similar please add your thoughts.
p.p.s. If you are serious about making money online, I would advise you to check out my #1 recommended program here
There may be affiliate links in this article on how to save money and travel, read the full disclaimer here.
Imagine what it would be like if you could save £30,000 a year and travel…
You probably know that £30,000 a year may seem like a ridiculous amount to some people, and like peanuts to others. But for teachers in the UK this is literally impossible… literally.
So how do we do it?
As you read this web page you’ll see it’s beacuse of two things:
So grab a cuppa and read on to find out how to save money and travel.
Planning what you are going to spend money on for the next month.
Some people hear the word budget and associate a stingy prick that is tighter than Tom Cruise’s T-shirt on Dwayne Johnson.
Now, let me ask you this, “Do you like to eat out? Or do you like to drink Chateaux Neuf De Pape? Or do you like to travel?”
Wouldn’t it be amazing to do more of the things that you love?… Well, that’s what a budget can allow you to do…
“The first step is acceptance.”
I’m not gunna lie, it ain’t all rainbow and butterflies!
But it can actually be quite enjoyable or at worst relatively painless. Here’s why:
You get to plan fun things that you want to do!
Planning fun things helps to improve happiness levels… Not only do you get a “buzz” when you plan it, you also get a buzz when you do it.
2 for the price of 1 amigo!
As you absorb this information, you’ll discover how to save money and travel.
The right question should be… “Do you want to live your entire life working paycheck to paycheck?”
If you answered yes to that, then by all means never set a budget and wave your hard earned cash goodbye. You will quickly find there’s not enough month at the end of the money.
Here is a short list of people that should set a budget:
I think you get the point…
Use this template to find out how to save money and travel.
Here is the very advanced process we use to set a budget:
It is obviously going to be personal preference on what your outgoings will be. But most people will have these main categories:
It doesn’t have to be hard!
KISS = Keep It Simple Stupid
Are you beginning to see how to save money and travel?
Setting a budget can really help right?
As you are about to find out…budget setting is NOTHING compared to working out you personal financial statement.
Drift back to a time when you didn’t have to worry about finances… If you are like 99% of the world you were thinking about your childhood (or maybe babyhood!)
Doing this step can help you experience these feelings again.
I’m not going to pretend like completing this is super easy but I GUARANTEE, if you do this you will learn everything that you need to know about your current financial situation.
You can’t really know where you’re going until you know where you’ve been.
You probably know that successful people are not just born successful. They do things that “normal people” aren’t prepared to do.
If there is only one thing you do today then let it be this…
Get this template and fill it in! Like right now… if you wait until tomorrow it will never come
The further on you read the more you’ll begin to understand how much you can learn about yourself from doing this task properly.
The idea came to me from reading Rich Dad Poor Dad in 2014 (Yes, I was 25 years old before I even thought about setting a budget).
Since completing this it has made me more aware of every financial decision I make.
Therefore, it’s crucial for how to save money and travel.
And it is incredible to see how much our financial statement has changed since then (the first statement is June 2014, the second is December 2018)…
Look at your past month’s bank statements and work out where last months expenses went right now. You can thank me later…
If you aim for nothing you will hit it every time.Zig Ziglar
“Why do you keep telling me to do boring things?!”
I’m not telling you to do it I’m just showing you what I do.
Like you read earlier… I like to keep the monthly budget as simple as possible.
This means I can do it when sitting at the pool on my phone or in a notebook. The more complicated it is the less likely I will do it!
Sarah and I sit down every 3 months to reflect on our goals and to set the next 3 months goals.
So this time is crucial to think about how to save money and travel.
I use this time to check our income and expenses over the past 3 months and compare this to our budgets.
The first time I did this I was really slack and just guestimated figures.
I eventually got around to checking bank statements and going into more detail.
It has been EYE POPPINGLY opening to say the least!
We were spending over £650 PER month on alcohol… That’s around £8,000 a year on feeling like s***!
Money well spent?… I don’t think so.
We were able to cut down on things that weren’t bringing us happiness (even though we thought they were), which meant we had more money to spend on doing things we love (i.e. travelling!)
Can you recall a time when someone has told you about budgeting?
If you are like me you probably just want to see an example.
So here is what our package is as international teachers in Qatar.
= £6,000 a month income roughly
Expenses (on average)
=£3,000 a month expenses
Travel and our health
How can I afford this? Helps your brain find a solution
Budgets are NOT sexy.
But they do NOT have to be boring.
Now, I would like to help you experience what it’s like to get your finances in check.
Have you noticed yet that budgeting not only does this but is also a way to plan exciting things in the upcoming month?
Making a budget each month is more important than ketchup is to a bacon butty.
When you try this free financial statement you will discover why we continue to use it, years after we started.
If you fail to plan… you are planning to fail.
Keep changing for the better,
Note- we do not just have our money sitting in a bank account. We set up a plan for what we wanted to use the money for and our goals have helped to hold us accountable. Without this plan, we probably would have spent this money on “stuff” because that is human nature! That’s the key
p.s. If you are interested in making money online to free up your time, have a look at my #1 recommended program here, which I am currently using.
p.p.s. If you have any questions or thoughts please feel free to drop a comment below… or send me a message on WA here
Is this a complete guide? No is the short answer. The long answer is below.
In this review of Dave Ramsey’s book “Complete Guide to Money”, I am going to explain a bit about what the book is about. I will try my hardest not to completely destroy what Dave Ramsey has talked about as there definitely are a lot of good takeaways in the book.
OK, Dave Ramsey sounds like a good person. I really would like to think he is trying to help other people and this is what motivates him to do what he does.
He provides some good solid advice about how to treat money. He explains some great baby steps to getting your life on track:
One of his best tips is to set a budget BEFORE each month so you already have an idea of what you want to spend money on. If you like eating out or going to the cinema, put this in your budget! You don’t have to stop enjoying the things you like doing but just allow for these things and put it in writing so you know what you are spending your money on.
He talks about inflation in the book, which is crucial that people understand in today’s financial system. He explains how this is relevant for your investments. He mentions inflation is roughly 4% on average but with the fees you pay to mutual funds (the investment vehicle he recommends) you need to be hitting 6% interest to break even. However, inflation over the last few years has actually been more like 10% (read “how our wealth is being stolen” for more info)
He explains how easy it is to get credit in this day and age and how bad it can be to buy “anything” (this is debatable in my eyes) with credit. His class were offered $7.9 million in credit in 13 weeks!! This is what holds most people back from getting anywhere as bad debt destroys wealth over time.
He has a chapter on how to find big bargains and talks about some negotiating tips (if you want a negotiation book, I’d highly recommend Chris Voss’- Never Split the Difference) Some of the tips he recommends, which are some great tips in any negotiation situation are:
The only people that get rich from “get rich quick schemes” are the people selling them.
My definition of “rich” is having the money to be able to create freedom. Freedom to do what you choose each day. Freedom to buy the things you would like. Freedom to live the lifestyle you would like to.
Now I know Dave Ramsey is not selling a get rich quick scheme here, but he is still the only person getting “rich” from what he is selling! This links nicely onto the next heading…
The best case scenario from following his advice is that you will just have better control of your money and work until you’re 65, then have a “comfortable” retirement (this is relying on the mutual funds that you invest in to consistently provide a high return, the financial system never changing, there is no financial crash towards the end of your working career and a whole lot of good luck that is not in your control!)
If this something that you are happy with then that is wonderful! I hope you love your job and enjoy your holidays in Benidorm. However, if you want to be able to not have to work, or to travel the world, or make the world sustainable, or get humans onto Mars then you WILL NOT be able to do this by following Mr Ramsey’s advice.
The book has a tendency to talk too much about what to do in bad situations. For example, he gives a detailed 5 step plan of what to do if your identity has been compromised.
This has happened to us before and, believe me, if I had read this book it would have made no difference. We called the police who put us through to the fraud investigations team. We spoke to each company and they sorted it out for us.
Was this frustrating? Yes. Was it time-consuming? Yes. But in the end, we realised it wasn’t worth our time worrying about it. We could make a much bigger difference in our lives by focusing on how we were going to do to expand our means (at the time we were purchasing an investment property).
He talks a lot about being diversified with your investments. However, he doesn’t recommend any other investment other than paper assets (apart from property/ real estate when you can pay in cash!)
Therefore, he does not understand what it means to be diversified!
There are 4 main asset classes that we can invest in:
He mentions 15 different investments throughout the book. 13 of them are paper assets i.e. stocks, bonds, mutual funds, retirement plans etc. He recommends mutual funds, which is actually financial suicide due to the high fees they charge (he even mentions the fees!)
I will literally save you the time of having to read Andrew Hallam’s book “The Millionaire Teacher” or Tony Robbin’s book “Unshakeable” or Ray Dalio’s book “Principles”. If you are wanting a safe way to invest in the long term, do not use mutual funds. Just find a good index fund with low fees and put your money in there (Vanguard is great, you can use nutmeg.com if you are in the UK).
Index funds beat all mutual funds over the long term as their fees are MUCH lower and they do pretty much the same thing (they are actually better because they use a larger market and rebalance your portfolio!) In case you haven’t heard of the guys above I would take their advice over Dave Ramsey’s any day (Sorry, I’m going off on a tangent here!)
Dave Ramsey has made his money by selling courses, books and financial advice. He is a business owner.
However, there are actually only 4 pages in the whole book where he mentions starting a side business!
And even in these few pages, he manages to pay some backhanded compliments to some people that did this and tried to advertise what they were doing through him…
This just so happens to lead onto what will be my favourite part of this post…
He looks down on these people who have started their own side business. He says (and I quote) “Our national ads are way too expensive for a company grossing $100,000 per year and we didn’t want to sink them” I literally spat out my drink when I read this!… How very charitable of you Mr Ramsey, it’s great to see you helping people improve their financial situations!
But don’t worry guys at least Dave is a stand-up guy. He sold them some “Internet-only ads at a bargain rate”!! Oh… My… You know what! (I don’t want to use blasphemy against a religious man)
This leads me onto how he sells his courses… His courses are advertised and promoted at Church!! He is using religion to help him sell courses for his benefit. Personally, I find that pretty disgusting. I know the Dave Ramsey fans out there will be saying “but he has helped me so much” and “now I have control of my finances”. The point I’m making is that there are loads of these personal finance guys out there and from what I can tell so far Dave Ramsey is not even a good one to listen to!
He may help you get ahead of the “Average American”. He says “normal” in America is broke, his words, not mine! Do you want to be just ahead of broke or do you want to actually live the life you want?
I find what he advocates is very un-aspirational and to be honest for most people doing this they will fail. His advice relies on years and years of willpower and self-discipline and faith that the people you hand your hard earned money to will give you the amazing returns they promise (and I guarantee they won’t be able to in the long run or you’ll pay the majority of the profits through fees!) You will at best just about keep your head above water and live a comfortable life!
He talks about ways to guard yourself against marketing. He mentions how Sony use smells like vanilla and oranges to make you feel relaxed when walking in the store. In the swim section of big stores, they make it smell like sun cream so your mind can relate to holidays and puts you in a good mood.
He then goes on to say that in his own office, they bake cookies and put them in reception to make clients feel at ease. But in his case, this is just to give them a good experience… Obviously, it has nothing to do with trying to sell his courses!! Talk about hypocritical!!! He does the same thing that he’s telling you to put your guard up about.
His financial advice is sound up until baby step #3. After that, it may be easy to do but none of his advice will make anyone “rich”. It may get you out of debt and to allow you to live “comfortably” but 100% of the time it will not make you “rich”. You will never be able to quit your job when you’re young or live your dream lifestyle from following the advice in this book.
All of this advice involves so much reliance on your fund manager and does not improve your financial IQ at all. By the time you actually reach baby step number 7, you would be so old, there would be hardly any time left to build wealth or give anything!
Dave Ramsey has one piece of advice that he reiterates throughout the whole book: Avoid debt at all costs!
Now for the “average person” (a broke American remember), this is a great piece of advice. I completely agree that we should pay cash for our day to day expenses, we should have an emergency fund in a bank account and we should not waste money on things that are not needed.
However, Dave Ramsey doesn’t seem to understand good debt at all. He says “do not even think about investing in property until you can pay cash!”
I can understand why some people may think this way and it’s clear that Dave Ramsey has been burnt from property investments in his past. However, there are so many ways to invest in property, let alone other asset classes. You can buy to rent out, you can refurbish and sell, you can refurb then remortgage and rent. You can invest in property without buying them such as rent to rent!
The one thing that I can guarantee is that it is riskier to just wait and not learn anything about investing until you can buy a property for cash!
The average UK house price in 2018 according to nationwide.co.uk is £216,103
The average salary for men according to Monster.com is £30,530 (it’s lower for women).
So let’s say, by some miracle, the average man manages to save £10,000 a year (a third of his salary each year despite tax, bills, accommodation and general living expenses). That means this average person will have to wait over 21 years to buy one investment property.
However, since 1952, the longest time it has taken for property prices to double has been 16 years. So it will more likely be over 40 years until this “average person” can even think about investing in property if they manage to save a third of their salary for 40 years!!
I’m no genius, but it is clear to see this person will NEVER invest in property and never even learn about ways of investing in property because they are waiting to save some made up amount of money before they start.
Commodities are general things that humans need such as water, food, oil, metals etc. Dave doesn’t talk about any commodities to invest in other than gold. And all he says is don’t even consider investing in it!!
He claims that gold has only increased by 2.38% on average over the past 177 years.
However, he fails to mention its current value in comparison to other assets. I don’t want to go into too much detail here as this will stray from the book review (again!) An example of working out value is by comparing how many ounces of gold it costs to purchase one share of the Dow Jones Industrial Average (DJI- 30 big American Stocks).
It currently would cost over 20 ounces of gold to purchase one share of the DJI. As seen in the graph above, there have only been 18 years (since 1920) that the price of gold was as undervalued as it currently is compared to the US stock market. Previously it has cost as low as 3 ounces of gold to buy one share.
This doesn’t mean everyone should now sell their stocks and buy gold. It just shows that with a good financial education you can start to make more informed decisions about what a good investment is and what isn’t!
This is just an example of ways to increase our own financial IQ. You can compare the value of gold to property prices, other precious metals, oil or pretty much anything. When you do this you will start to be able to understand whether something is overvalued or undervalued. The price of something should not be a factor when investing!
This is why it really baffled me and made me question whether this guy has any financial IQ when he said, “why would you want to buy something when it is at a 177 year high?”
EVERYTHING IS AT A 177 YEAR HIGH… because of inflation!! He even talked about inflation earlier in the book, he just doesn’t connect the two things!!
If there was one thing that you can take away from this review, it is to keep learning. Increase your financial IQ should be the main message from any financial book. Saving and sticking money into a mutual fund is a sure way to ensure you always stay average financially!
I’ve spoken highly about books like “The Millionaire Fastlane” and “Rich Dad Poor Dad“. I personally think finding your own “why” or defining your own vision, values and purpose is far more important than trying to pinch pennies.
Personally, from my own experience, it all becomes the same thing. When you end up working towards your goals and try to increase your income (or expand your means) you end up living below your means (spending less on “stuff”) because you spend your time more wisely.
Nearly all of our income now goes into investments, adventures abroad and experiences that make us happy with friends and family. We have stopped spending as much money on unnecessary purchases as we just don’t spend as much time shopping (I’ve always thought shopping is what bored people do!)
We pay ourselves first and then spend the money left over. When I first heard Robert Kiyosaki say pay yourself first I completely misunderstood him. I thought that meant to go and buy the TV you want or the new pair of trainers that David Beckham wears.
What he really meant is put money away to buy assets first, and then use what’s left over for food, fun and bills. If you don’t have enough money for the month then you’re going to have to find a way to make more… or your bills won’t get paid and someone else will chase you up to make more money!
There are so many ways to make a little bit of extra cash if you need. Taking surveys online or becoming a virtual assistant (look into Fiverr or Upwork) are a couple (out of millions) of ways to make instant cash online. If you’re a teacher can you tutor? If you enjoy booking holidays, people will pay you to do this. I am one of these people who will pay you! Think about what you enjoy doing and start getting paid for this if you need more money towards the end of the month!
Long term it’s vital to find ways of increasing passive income. My definition of passive income is spending time today that pays you over and over again in the future. It doesn’t mean you won’t have to do anything again and money will keep rolling in. It just means money will keep rolling in even if you can’t work for one week, or you need to go on a holiday to Barbados for a month!!
This is exactly why starting an online business is a great way to expand your means. You will have to work on it to receive payments through affiliate links, adverts or selling your own products. However, once you do the work and set it up in a way to increase your traffic to the website for free (SEO) you can start to receive money over and over again for the time that you put in today.
This book has some great tips in if you are in a lot of bad debt and need some strategies to get your finances in order. You should set a monthly budget each month to get an idea of where your money is going. These tips are pretty simple, but very effective, ways of making your money work harder.
However, if you are looking for a COMPLETE guide to money. This book is not that.
The advice about investing actively discourages people to learn more about investments. The book encourages you to put your faith in mutual fund managers and pension schemes, which have already been proven to not know what they are doing when markets are going down (many mutual funds lost more than 40% in 2008!)
Truly sophisticated investors make money when markets are going up, down or sideways.
The truly “rich” make their money through business. Many people still have a belief that all business people are greedy and bad people. Or they believe they have some special, unique gift that we “mortals” don’t possess.
The truth is anyone can start a business… you can start one online in the next 5 minutes by clicking this link! Do you really want to have the freedom to choose what you want to do with your time and spend it with who you want to?
If you do, the only real focus should be figuring out “what is your why”. Keep spending time working out what your purpose, vision and values are. You will find the passion to do whatever you want from here.
The key takeaway from this review (not the book) is to keep increasing your own financial IQ!
Keep changing for the better,
If you have any questions and I mean ANY questions about the Complete Guide to Money, please leave them below. If you have read the book before or used any of Dave Ramsey’s courses before I’d love to hear from you too!!
If you are interested in making money online to free up your time, have a look at my #1 recommended program here, which I am currently using.
Since 2000, Gallup has polled millions of employees from over 200 countries to work out the answer to “do most people hate their jobs?”. They reported that 85% of all people hate their jobs.
Work has been reported more often a source of frustration than fulfilment for 90% of employees. Employees that don’t enjoy their jobs typically are “emotionally disconnected” and “disengaged”. Some countries in Asia and Africa have a much higher rate of “disengagement” but even more developed countries, such as the United States, has 70% of employees that hate their job.
The question begs to be asked. Why do so many people hate their jobs?
Employees are expected to work longer and longer. Working weeks of over 50 hours (don’t forget to include travel time!!) is very typical for a lot of jobs. Due to the high competition for each job people feel they have to justify why they have this position and therefore work longer!
Trivial Work- Low Self Gratification
More and more “service jobs” (McJobs) are being filled by overqualified people. Technical positions are being shipped overseas to cheaper areas. This means employees are left with a gap not being filled. They do not feel like they are contributing what they can to society and are left with that empty feeling.
Not Rewarded for Hard Work
The majority of jobs still pay people based on how many hours they work. Employees sign a contract that says something like “I will work 45 hours a week, with an expectation to do more on some weekends”. The employee gets paid the same amount every month no matter how well they do they job.
Our Wages seem to be Going Down
“Each year my pay goes up (slightly) but every year it feels harder to do the same things I did last year”. I remember a colleague telling me this when I first started teaching.
This was around the same time that was reading and learning a lot about the world economy (because it never made any sense to me!) The short answer to this concern is that it is true… 100% true. Inflation means that our money doesn’t go as far each year, unless your employer hands out 10% pay rises (I’m not even joking about the amount – stay tuned for a future post about inflation… it’s frightening!)
Does Job Security Even Exist Anymore?
Remember employees don’t get paid extra for doing great work… well they may get fired if they don’t do their job well enough! I remember hearing Ross on friends saying that he got “tenure” at his job. I had no idea what this meant at the time, but it has historically been possible for people to get a job for life. People under 30 are probably not even aware this is (was) a thing!
To be honest, there is a way out. The Internet has literally created a new era for human beings and it’s called “the information age”. Knowledge becomes information and information is money in today’s world. Therefore, all you need to get started is some knowledge about anything… and not even a lot because you can (and will) learn as you go.
If you were to work as hard on the Internet as you were at your job you would 100% be more successful (in terms of value you provide, self-gratification and money that you earn). There are lots of reasons for this but here are a few (to read more click here):
One of the worst relationships we have is… using time to earn money. It has been ingrained into us that the best way to earn more money is to work harder and longer. It’s important to remember that if you have grown up with “formal education” you have been taught how to become an employee.
The information age creates so many NEW opportunities that our teachers, parents and their parents won’t even be aware of. It’s important to think carefully about where we receive our information from.
Do you really HATE your job? If you do that’s great! It’s so much easier to change something when we reeeeaaaaallllllly HATE it.
If you are one of those people (like me!) who actually quite enjoys their job but you feel like there is more to life than doing it for the next 20-50 years, then, unfortunately, your situation is harder. You are too comfortable right now so it makes changing very hard as you have to visualise your future self. EURGH I KNOW!
What a lot of people will do when they really hate their job is quit… and then find another one. The problem is that a few months or years down the line they are back in that same position. So they quit and find another one. I’m sure you get the idea.
So the bad news is you are likely to be unhappy with your current job situation (like 85% of people). The good news is there is a way out of the day to day grind, and no experience is necessary!
If you are ready to make a change you have to know that it will require more work of you right now. The key here is the words RIGHT NOW. It doesn’t mean you will have to work harder or longer forever (or even for too long).
The plan is to stop NEEDING to work full time. When this happens you will actually work a lot less. To get to this stage without giving your whole lifestyle up right now you will have to work harder initially.
I am currently putting in an extra 2 hours every day (Sarah keeps telling me off when I spend more- like right now… Coming Dear!!!), so note it doesn’t have to be a huge commitment. I have spoken to people that started with 5 hours a week and some that stayed up late each night to commit more time to their online business.
Just remember we want to separate ourselves from the time and money relationship. What you DO with that time is far more important. Unfortunately, when starting out it can seem overwhelming and hard to know what to actually do.
This is why I’ve started using Wealthy Affiliate. There is step-by-step training to help you get your online business up and running… no matter what you’re interested in! The support is amazing, any question will get answered quickly as there will be someone else that had the exact same thought before. You will 100% have support from at least one person too (me!)
If you have any questions or want to vent about something at work please leave them below. I’m sure that I can personally help you out as I have been there and done that!
Keep changing for the better,
If you are interested in seeing how I started my online business and the current training I am using then check out my #1 recommended program here.
Is it really hard to make money online part time? It certainly is not going to be really easy, but is anything worthwhile really easy?
Here’s a list of things that are very easy to do vs something that requires more effort:
I’m going to let you decide which ones are worthwhile and which ones suck time away from us.
A quick Google search of this sub-heading will bring up hundreds of blogs with people telling you hundreds of ways you can make money online. From filling out surveys to selling domain names to selling your services on platforms such as Fiverr and Peopleperhour.
These are all legitimate ways of making money online and they may be a great way to earn some side income whilst you are getting started online (providing you have the time to do this).
However, what I am mainly talking about in this blog is affiliate marketing and creating your own online business.
Primarily through writing useful content and providing links to other peoples products or services through “affiliate links” (click here to read more about how to use affiliate links). The goal is to eventually create your own products or services and set up an online business that provides an income without you having trade your time for money.
Make money while you sleep
Without a doubt, the biggest benefit of making money online is that we can spend time today to pay us over and over again in the future. Jobs require us to trade our time for money. If we have a long-term sickness or do not turn up to work, we cannot make money.
The internet has changed this old fashioned way of thinking about work. We can work in the day and get paid whilst we sleep at night.
Most people get paid based on the number of hours they work each day. Making money online allows you to get paid by the second for 365 days of the year.
Therefore, there is unlimited potential to how much money you can earn online. There are no pay scales and no promotions on the internet. There are just billions of people online with unlimited amounts of money to spend (if you understand the financial system today with quantitative easing [printing money] you will know how true this is).
Small upfront costs compared to most businesses
Making money online should be treated just like starting a business. Most businesses require you to put up a lot of cash to get started, such as renting office space, hiring staff, purchasing goods and stock etc.
Getting started with your online business can be completely free.
There are some things that you will need to put in place if you are serious such as website hosting, a domain name (your website URL- e.g. maketimeonline.com) or an autoresponder (a website that collects email addresses and automatically sends emails out for you). However, the costs of these are very minimal compared to most businesses.
No staff required
You literally do not need to rely on hiring, paying and managing staff. This is quite often what businesses will rely on to make them work effectively. You may have a super idea, a great product and vision, but you will always be relying on staff to carry your vision out for you in the majority of businesses (as you can’t be everywhere all the time).
Getting started online requires only one person. YOURSELF.
You literally get all of the benefits of the work that you put in and you don’t need to worry about training, providing benefits or managing staff.
Start Part Time
You can start part-time by putting in an hour a day or a few hours a week.
You don’t have to quit your job to start an online business.
You can work on it at any time as you don’t need to wait for opening hours and you can write on a word document if you haven’t got an internet connection.
Easy to scale
This is a huge benefit of an online business! There are systems and things that you can do online to make your business go from reaching a handful of people to reaching hundreds of thousands, without changing what you do. Over 3 billion people all over the world currently use the internet.
Autoresponders can send an email to 2 people or 2 million people.
There is nothing you need to change to do this, you still just write one email and the autoresponder does the rest for you.
Even though you do not need to hire staff, you can still outsource work that you do. For example, I am currently writing all of my own content, responding to all comments and advertising my own work all by myself. However, using websites such as Fiverr and Peopleperhour these tasks can be easily outsourced to professionals on an hourly paid bases.
The above screenshot is the outline of my post, which I do before writing anything. This could be sent to a virtual assistant to expand and write the content for me.
You can pay people to reply to comments that you receive and you can pay for adverts to promote your website and “drive traffic” (bring visitors) to your website.
This is when you know you have created a business and not only created another job.
There is a big difference and being aware of this difference is what separates the most successful business people to someone that tried and gave up (I bet you’ve heard that 7 out of 10 businesses fail within the first 10 years before… this is a big reason why)
It is not taught in schools
Our current education system teaches very little about starting businesses.
There is pretty much zero good financial education within our schools.
However, the internet has really changed the business game. Teenagers can start an online business due to it requiring such little funds. You don’t have to be an expert in anything, anyone can write/ record whatever they like and publish it online.
The challenge is getting visitors to look at your work. This is a big reason why so many people try to “become famous” or use TV shows to “put their face on the map” (those people that go on Love Island [a British reality TV show in case you didn’t know] each year are not as stupid as you may think!!)
Most people don’t know it’s possible
Most people finish their education without knowing what they really want to do. The vast majority of these people are completely unaware that they have permission to create a business let alone actually try to create one.
Making money online is still seen as a “strange thing to do”. Older generations generally have no idea this is even possible so why would they want their children or grandchildren to pass up on their education or “secure job” to spend time on something they do not understand?
It’s easy to get disheartened
The results are not instant. There are programs offering amazing results overnight. They will promote their success stories of someone who earnt $10,000 in their first month of an online business. What they won’t tell you is that this person already had 100,000 active followers on Twitter, a bank full of money to advertise and they worked on it for 14 hours a day solid for a month.
So when the normal working mum with 3 kids puts in an hour a day for a month without paying for any adverts and doesn’t earn a penny she thinks, “Why should I bother!?”
Actually, an hour a day for a month is 30 hours, which is not even one full working week. Yet people expect to replace their full-time income straight away. To be in this game we need realistic expectations.
What is your Why?
I want to tell you a quick story about what I have seen since moving abroad in 2015.
In the first summer holidays when we started teaching in Qatar, Sarah and I went back to England and I dragged her to a free property investment seminar. I sold it to her on the basis that we are starting to earn more money and we should start thinking about what we are going to do with it. I’d read “Rich Dad Poor Dad” a few years before and I had become more and more obsessed with property.
It was during the three day course that we ended up signing up to that I came across this question for the first time. What is your why?… strike 1. I had never even thought about this before.
I had never even considered why I get up in the morning and go to work. What was my motivation?
We were told to really think about it that night and we ended up writing something vague such as for our future selves (LAME!!!!)
Anyway, the next year I went on a course with work and the PE team in Bangkok. When we walked into the first workshop, the screen on the slideshow said:
A man with a why can cope with any how.
The underlying theme throughout the 3-day workshop was to think about your story and what your WHY was… Strike 2.
We then went back to work in our next year and the whole staff training was based on thinking about your WHY using your passion and bringing out the children’s passions… strike 3!
Finding a “why” is so important in anything that we do because when it gets hard, it helps us to continue. It helps us to know that what we are doing has a purpose and there is a reason for doing it.
Starting any business is hard. There is no way around this fact. If we can only dedicate half an hour a day to it when the kids go to bed then that’s what it will have to be to start with. However, doing this for 3 months is the equivalent of one week of full-time work. So we should expect to see one weeks worth of results, not 3 months worth!!
Make it a habit
The most important thing here is doing it every day because momentum is so important. If we want to do 7 hours a week, it is much better to do an hour a day (at the same time) than to do 7 hours on a Saturday and nothing for the rest of the week.
If we have 6 days away from it we will forget what we were doing previously. We will not be productive for all 7 hours as that is too long to work for in one go. So that 7 hours will probably be the same as about 4-5 hours of productive work.
There’s always something that comes up! So making it a habit means you can choose a time when you know you haven’t got anything else going on each day and it makes the workload more manageable.
Set small targets that are not financial
Rather than focusing on how much money you want to come in, you can set goals such as a number of words to write in a month or visitors to get to your website. You have more control of this and this can help you to ensure you are doing the key tasks each day instead of fretting about the big fat $0 in your affiliate account.
It can be a lonely process starting an online business. Whilst one of the benefits is that you don’t have to manage anybody else, you also don’t get to bounce ideas off your colleagues or employees like you would in most businesses.
This is the main reason that I would recommend starting with a program such as Wealthy Affiliates. You can speak to like-minded people and get insights into what works for others doing the same thing.
And as the saying goes…
“If it was easy, everyone would be doing it”
I have written a post all about how to choose a profitable online niche. The most important part to remember here is that if you don’t have a really strong passion for ONE thing in life, just choose one that works for you.
You do have to be interested in it as you will have to spend time thinking about it and learning more about it. However, an interest is enough to get started.
It will actually work more like this…
Find a profitable interest… make money online… it becomes a passion.
Don’t worry if it’s not a passion right now, get started and it’s almost guaranteed to become one.
You don’t have to reinvent the wheel. Choose something that you can see working online and maybe choose a sub-niche that you can start writing about.
You don’t have to be an expert right now. Let the internet follow your journey and if you stay consistent with it, you will become an expert.
To sum up, it’s important to remember that making money through affiliate marketing is still a business. It’s not going to be super easy, but as long as you have a reason why you are doing it, then it will be easier to keep going when it becomes hard.
You will never “find the time” to do anything, you have to make time. Set a time each day where you know you will be able to work on your online business. Maybe you can get up an hour earlier, or maybe when you get home from work. It doesn’t matter when as long as you can be productive during this time.
Look at the benefits again for creating an online business. Making money when you sleep, the small upfront costs and the unlimited potential outweigh any negatives of an online business for me.
Remember, that if you are not sure what your niche should be, choose one and start. You can always change or retweak what you are doing to work better for you in the future.
Keep changing for the better
If you would like to see how I started my online business and what training I am currently using to grow it click here.
I read an article recently all about the drinking culture in the UK. It’s a bit off point to “Can I Make Money Online?” but bear with me…
It started with a guy in the US saying the British people drink like they don’t want to live. The response from Gavin Shipman was one of the most accurate descriptions of the British culture that I’ve ever read. It was almost like hearing about my life up until this point.
It is quite long so let me paraphrase for you…
At a young age: You get a sip of your Dad’s beer at the footy and maybe a glass of wine at a fancy meal (you are allowed to drink in pubs/ restaurants as long as you are with an adult and food- if you’ve ever watched the Inbetweeners you’ll know what I mean!!)
As a teenager: You and your mates find the local dodgy corner shop that serves you alcohol without ID. You get drunk in the park and the rebel in you gets a “buzz” from this.
At Uni: It’s finally legal for you to drink in bars and clubs even though you’ve been going to them for the last 2 years with a fake ID. It becomes the biggest sport going to see how much you can pre-drink before you go out to drink some more. Don’t forget the nightcap/ after party when the clubs close. Your education becomes a distant second in your priorities in your first year (and only becomes a closer second as you move through).
As a young adult: You need a job so you go to London (or any other city). The money is good but the price of everything is extortionate. If you don’t go to the pub you don’t see your friends. You always go out for just one drink… but there is no such thing as “just one drink”. Next thing you know you wake up on the train in a town you’ve never heard of.
Drinking at the weekend seems like the only escape from the monotony of city life and the horrendous rush hour commute. You’re considered a recluse if you don’t go to the pub.
As a “Grown Up”: You move out of the city and have kids. Your life still revolves around work and the escape of having a beer at the weekend. It won’t be long until you take your son to watch the footy… and the cycle begins again.
Funnily enough in my head… it has everything to do with it.
When I logically think about this culture, it makes no sense. Why would people willingly (and continually) put poison into their body to lose self-control and feel dreadful the next day?
The reason there is such a binge drinking culture in Britain is simply because that’s “normal”. It is exactly the same reason that everyone goes to work from 9-5, often in jobs they can’t stand.
NO! Absolutely not.
You may have heard the quote, “you are the average of the 5 closest people to you”.
Imagine if your 5 closest friends or family members all made their income online. Do you think it would still seem “weird” or “too hard”?
This is another reason why having a strong community of people around you that are doing exactly the same thing is so important. Wealthy Affiliates offers this support. Unfortunately, this is not something we learn at school or from any “formal education”. If you want to have a change in the way you go about daily life, you’re going to have to change something yourself.
“The definition of insanity: Doing the same thing over and over again and expecting different results” Albert Einstein
Something that I have learnt in recent years is that there are lots of things that aren’t quite right in the world. War, crime, poverty, the financial system, the impact on the environment (I could go on…)
However, what I have realised is that is so much easier to change myself than change any of these things or change anyone else (I can feel a Michael Jackson song coming on here…)
We can learn pretty much anything we want by using that magic Google button or even just asking Alexa. Yet unless our thinking changes, nothing else will.
If you want to find out more about what I’m up doing online click here.
“To help others live the life they want by showing them it is possible”
Mike, Make Time Online
Hi, welcome to Make Time Online!
This is a place where you can follow my online journey into finding a way to make money online to create more time in my life. The journey will include different programs that I try out and tips or training that I find most useful.
I have been living a life following “the script”. I grew up in England, went to school, university and then got a job as a teacher. I bought a house and got married (obviously the best decision of my life as my wife, Sarah, is possibly the greatest human being on the planet and a big reason as to why I’m starting this!)
But I’ve always felt like there is more to life than just waking up and going to work for someone else.
We were sitting in my parents living room in August 2017 when I said to Sarah, “do you fancy writing a blog with me?”
I didn’t realise what the impact of those few minutes on that sofa would have…
We have always loved adventures and exploring the world, so we decided to teach internationally… We now live in Qatar, with summer all year round and South East Asia a short flight away.
This has created soooo many opportunities for us in our personal lives but also in our financial lives.
We now own a property investment company in the UK and have met some people who are literally “crushing it” (stealing the words of Gary V).
The thing we have noticed about all of these successful people is that they are completely normal.
No different to you and me.
Nobody comes from a family of MILLIONAIRES or can do extraordinary things.
They are just ordinary people who use their TIME much better than I have ever done.
There was something else in common about these successful people we started to meet and spend time with…
They all earnt passive income.
To me, passive income means spending time today that pays you over and over again… even when you sleep… or sit on the loo!
The two main ways that I have seen to make PASSIVE income are:
So back to that day sitting in the sun on the sofa in Essex, the day before we flew back to Qatar…
I spent 10 minutes searching for how to create a blog.
WordPress jumped out at me, so I set up an account.
A few minutes later…
We hopped into this mysterious world of “blogging”. I have since “met” (online) some amazing people who are not only doing this full time… but are earning MILLIONS of dollars a year.
If you’re anything like me, you’re probably thinking “Yo bro… I don’t want to sit in front of a computer screen all day!” or “I don’t even know how to change a lightbulb, let alone do techie stuff!”
The fact is you don’t NEED to do this to make money online.
I have learnt so far that you definitely do NEED to put in TIME and EFFORT… but there are systems that you can put in place or people that can do things that you don’t want to.
Plus… are you telling me that you’ve never put TIME and EFFORT into your job?
Without a doubt, the Internet is the best place to put in TIME if you’d like to get paid over and over again.
I have become aware of how many people have problems that could be solved by 2 things:
TIME and MONEY.
Going to school was always a bit of a nuisance growing up… It got in the way of playing sports and seeing my friends!!
Seeing education as a teacher has made me realise what a disservice it does for children in today’s information age.
Knowledge is money today.
Yet schools channel people into getting a full-time job.
Full-time jobs take away your TIME… and it’s pretty hard to increase your MONEY.
The worst lesson we pick up from school is trading our time for money i.e. go to work and get paid for the amount of time we put in instead of the quality of our work or value we add.
I told some colleagues a few years ago that I wanted to change the WHOLE education system. After the mocking that you would expect from a bunch of PE teacher’s someone asked, “but how?”
… well, this website is “the how”.
Our learning doesn’t stop when we leave school… Remember guys every day’s a school day!
The number one goal of this website is to show you a way that you can make money online.
It is possible and it is being done by normal people all over the world. It does not require ridiculous amounts of money to be able to do it… and no you don’t need to code!!
I’d love to hear from you and what your story is.
Keep changing for the better,
p.s. Find out more about the program I am using and would HIGHLY recommend to anyone interested in making money online.