For the month of September, I’m giving you free access to my Business Credit From Scratch MasterClass!
I’m offering this deal because I am passionate about helping you leverage business and personal credit to create a life you don’t need a vacation from.
I know you’ve heard talk about how it is easier now than ever to become the first millionaire in your family. I don’t know about you, but I want to give my children the headstart I wish I had. Remember, this is not about reinventing the wheel but simply utilizing the systems already in place to build wealth.
It’s also the perfect time to realign yourself and take action on your goals this year.
Often, we set goals, and it stops there. No follow-through.
Life gets in the way, especially if you are a wife and mother. Many other tasks pull you in different directions: doctor appointments, school activities, career, business, trying to stay balanced, etc.
Most of us don’t intend to get sidetracked or abandon our goals; we’ve just never been taught what to do to meet our goals successfully. I know that was me until I took a goal-setting class earlier this year.
You have an idea for a business but have no idea where to go from there. That was me a few years ago. I was stuck in the idea phase. I wasn’t business savvy in the past. In fact, anything remotely related to starting a business was a huge turnoff for me. However, my husband and I were laid off in 2020, a month apart. We had just had a baby, and it was the beginning of the pandemic, which meant nobody was hiring. That is when I promised that we would never be in this situation again. We were going to learn how to create multiple income streams and learn to invest our money. Fast forward to today, we are doing precisely that. We have at least five income streams and are about to add more.
So, you have a business idea? First, create a business plan. It doesn’t have to be fancy. It is better to write something than to have nothing at all. Here is what you should include in that business plan.
What will your business be?
Who your target audience will be.
What products will you offer?
How will you market your business?
I show you how to do all this and more in the Minding your Business Starter Bundle!
I walk you through how to:
🔶Properly Register your business.
🔶Obtain your EIN ( Business S.S. # )
🔶Get your Duns # (Needed to Build Business credit)
🔶How to correctly set your business up for business credit and funding.
🔶Included is my Marketing Hacks ebook, where I show you ways to market your business without spending a dime.
I also help you avoid the pitfalls I experienced getting my first business off the ground.
I never imagined being a business owner. I wasn’t business savvy, and anything business-related was a turn-off for me. Working for someone else’s company didn’t feel like a “fail” for me, and it still doesn’t, as long as I love what I do and it aligns with my goals. However, things changed in 2020 when my husband and I were laid off a few weeks apart. I made a promise to myself that this would be the last time my family would ever worry about money for generations to come.
So, I started my own business. I went all out with it too. I hired a business coach, attended business conferences, and traveled for business-related events. I built business credit and used it to leverage more money. I’m not going to lie; It has been a lot of trial and error, mindset shifts, imposter syndrome, and wondering if I’ve made the right decision. I’ve also contemplated giving up more times than I care to admit.
5 Reasons why I love being an entrepreneur
I get to spend more time with my family. I get to attend teacher meetings, school field trips, and activities.
I created muliple streams of income for my household. The average millionaire has at least 7 streams of income.
I get major tax benefits. I can write off my home office, supplies, meals, business travel & more.
I am able to create the life I want to live. I do not want to work Monday through Friday and only have the weekends off. I want to be able to take a vacation anytime I want.
It’s mine! It feels good to create something that is solely yours.
I am still learning when it comes to business. Some days I feel like I can keep my head above water; other days, I feel like I’m taking a huge gulp. Nevertheless, I’ve grown so much as a person, and I’ve set my family on a different path. See, I’m breaking generational curses of poverty here. My children will not have to worry about money in their lifetime because I’m setting them up for generational wealth.
Thinking about starting a business? Grab the free profitable business checklist here. It is a step-by-step checklist of what you need to have a legal, profitable business.
There was a time when I thought becoming a millionaire was unattainable. I was barely making ends meet and living paycheck to paycheck. Once I started researching the habits of the wealthy, I realized my mindset was holding me back. All I needed was an action plan. That plan is to create multiple streams of passive income. Last time, we broke down what passive income is. Click here to read.
This week, we will discuss ways to generate passive income without money. Remember, passive income is when you no longer have to exchange time for money.
1 Create an Ebook: An ebook is one of the simplest and cheapest ways to generate passive income. All you have to do is choose a topic you are knowledgeable in or a skill you’ve mastered. It could be as little as three to five pages. You can sell your book on a free webpage or on sites like gumroad.com. Free Ebook Template
2 Create an Online Course: This is similar to an ebook. You can record videos or have live class sessions on zoom. You can put your recordings on platforms like Udemy or Teachable.
3 Create a Printable: Create a calendar, planner, and how-to list and sell it on Etsy.
4 Create a YouTube channel: Pick a niche, keep it simple and start recording. Again, choose something you know about and/or a skill you’ve mastered. After you receive a certain amount of followers, youtube will pay you!
5 Rent Out a Room – AirBNB an extra room in your home. You can specify gender and age to your comfort level or advertise to traveling nurses.
6 Open a Money Market or Interest-Earning Savings Account – Both options are free at your bank. You are missing an opportunity if you are not keeping your money in an interest-earning savings account. (Earn$30 when you Sign up for Varo Bank Account)
7 Affiliate Marketing: This is a great way to make money in your sleep. You can do this through a blog or any social media platform. Apply to become an affiliate of EL Consulting.
8 Start a Blog- Pick a topic or align your blog with your ebook or course. Once you build a following, you can make money blogging.
These are just a few ideas on how to start generating passive income, especially if you are just starting out or don’t have large amounts of money to invest. However, don’t be afraid to invest in more lucrative passive income streams. You don’t have to spend your own money to start either. I show you how to leverage business and personal credit to create multiple streams of passive income in the Level Up Your Business Course. Get started today!
Cheers to Creating the life you don’t need a vacation from!