Is Debt Reduction Really Getting Ahead?
You Can Live Below Your Means but ...
Consider whether debt reduction will really help you get ahead or are there better ways? This article, written by guest author, Jim O'Keefe, really makes you think about the alternatives:
I recently finished reading Rich Dad, Poor Dad, by Robert Kiyosaki , when it dawned upon me that in order to get ahead you were faced with a choice, live below your means, or increase your means.
The problem with getting ahead by cutting coupons, watching your money like a hawk and basically living cheap is that when you become rich by living this way, you are still cheap. I do not mean to insult anyone but I personally feel that life is too short to forego enjoying it. It really is.
There are countless opportunities out there to increase your income in order to either pay off debt or increase your lifestyle. The path you choose is entirely yours.
My own path has been a combination of approaches. First, I cleaned out my closets and began selling on Ebay. Did I make a lot? No, but a few hundred dollars sure was enough to get me inspired! I now sell on a continuing basis on Ebay, primarily items that are drop shipped so I maintain no inventory. Look around the site and see what sells and then duplicate it. My Ebay income now is a few hundred dollars a month and comes in handy.
My second stream of income comes via my websites. I have three, with two of them producing an income as we speak. Was it hard, NO, but it was intimidating. I thought I could never do it, too hard, not a techie, you name the excuse and I used it. Boy was I wrong. My recommendation to anyone that wants to look at this approach:
- Do not buy anything without shopping for the best price, from domain name registration to hosting. It can be found and bargained for. One of my sites was registered for a year with hosting for only $36.00 total!
- Make heavy use of templates to set up your site in the beginning. They are out there for under $10.00 and advance you on the learning curve quickly.
- Seek out relevant articles for your site as often as you can. Lets face it, most people come onto the Internet for CONTENT, not sales. You need to give it to them.
About the Author
Jim O'Keefe is a serial entrepreneur and successful webmaster of a number of sites, including: My Millionaire Friend, The Parental Advocate, and About RSD. .
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