Money buys opportunities. Without it, you are a slave to anyone who is rich and powerful. Because of this, today’s article discusses why you need a big bankroll.
We’ll look at both the importance of having money as well as how you can acquire it.
1. Don’t Be The Guy Who Sits At Home Watching TV All Night
Most people go to work, go home, and then spend the rest of their night or weekend sitting on the couch. They put the bare minimum into their lives, and then complain when things don’t go their way.
Don’t do this.
If you want an above average life, you need to put in an above average effort.
This isn’t hard, per se. But you are going to have to do more than sitting at home, passively consuming. You will miss out on Netflix or sports, but the rewards are well worth it. Because, you can be completely free from any boss or regulation within 3 – 5 years.
2. Want To Build A Big Bankroll? Harness The Power Of The Internet
If you aren’t making money online, you are leaving piles of money on the table. That’s no joke either. Basic sales skills and a halfway decent product can make you far more money than most doctors’ earn.
Back in 2015, I made my first affiliate niche site. I sold a product with a $35 commission, and netted about two sales per day. This simple site paid me $2,000+ every month. And things have only gotten easier and more lucrative since then.
Platforms like Twitter, Instagram, and YouTube make affiliate marketing much easier and infinitely more profitable. Gone are the days of buying a domain, setting up WordPress, and cranking out 1,000 word articles. A simple picture or sentence nets more views than any full-length blog post.
It truly is a golden age for making money online.
Speaking of making money online, check out Affilorama if you’re looking to learn the secrets of affiliate marketing. This is the gold standard of learning how to sell online, and the program covers everything you need to know.
3. It Only Takes 3 – 5 Years To Change Your Entire Life
You can develop a big bankroll, passive income, and financial freedom within a few short years. All it takes is concentrated effort. When I started working online, trying to build affiliate blogs and info products, I made peanuts. But, I kept with it and ended up with one big hit. And then another one, and another one after that, and then a few more.
Once you get the ball rolling, all kinds of new avenues for stacking cash begin to emerge.
Instead of taking your new money and spending it all at clubs or buying $500 sneakers, roll it over into cash flowing investments. Buy a rental property or blue chip stocks. When you have $5,000 – $10,0000 in disposable income each month, assets yielding 4% annual cash flow create mountains of passive income.
If you bought $10,000 of Exxon Mobil each month, you’d end up with $7,200 of passive dividend income each year. After 5 years of investing, you’d earn $36,000. All while doing nothing.
That’s a nice little side-income that requires zero effort on your part. And you can always use that money to travel the world while having fun.
Building a big bankroll and creating stable, passive income means freedom and the power to enjoy life. While getting rich isn’t easy, you can become much better off if you simply put in the effort and actually try to improve your financial well being.