Power Lunch Series : Magic Formula; Income Generating Ideas | Julio Lara | Skillshare

Power Lunch Series : Magic Formula; Income Generating Ideas

Julio Lara, Simple Steps to a Solid Foundation

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3 Lessons (10m)
    • 1. Magic Formula : Income Generating Ideas Introduction

      1:24
    • 2. Magic Formula : Income Generating Ideas

      8:17
    • 3. Thank You

      0:40

About This Class

Welcome to the Power Lunch Series

My goal with the power lunch series is to give you short powerful classes that you can digest during a normal lunch break. The classes should all be under 30 min and ideally most will be around 10-15 mins to ensure that you get the main concept and can still enjoy a lunch if you are truly using your lunch for the class.

This is the 3rd class in the series, and is titled; Magic Formula; Income Generating Ideas. This class briefly covers one aspect of the “Magic Formula” and how to help you increase net profit.

The goal of the class is to help you understand the most basic form of your personal finance. I aim at showing you the simplest method for you to reach financial success. With the formula you will be able to determine with accuracy if you are doing well or not in your personal finance. By generating extra income if you maintain your expenses you will have more money to pay down debt, invest, save and more…..

This class will go over some ideas for generating income but there are endless possibilities. It is really up to you to find which possibility works best for you… My goal is just to give you a quick glimpse at some options.

If interested enroll now and let’s jump in…..

Transcripts

1. Magic Formula : Income Generating Ideas Introduction: Hello and welcome to the power line. Siri's. My goal with the power on Sirius is to give you short, powerful classes that you can digest in a normal lunch break. Classes should all be under 30 minutes. Ideally, most of them will be around 10 to 15 minutes to ensure that you get the main concept and you can still enjoy lunch if you're truly using your lunch for the classes. That third class in the Siri's and is titled Magic Formula Income Generating Ideas This'll Class briefly covers one aspect of the magic formula and how to help you increase your net profit. The ghoul the classes to help you understand the most basic form off your personal finance . Amos, showing you the simplest method for you to reach financial success with the formula. You'll be able to determine with accuracy if you're doing well, or if you're not doing that well in your personal finance by generating extra income. If you maintain your expenses, you will have more money to pay down your debt. Invest Save more. This class will go over some ideas for generating income, but their endless possibilities. It is really up to you to find which possibility works best for you. My goal is just to give you put Flynn's at some of the options. So if you're interested, do not hesitate. Just jump in and roll now. 2. Magic Formula : Income Generating Ideas : since I mentioned the magic formula. Let's just go over what the magic formulas and the magic formula is simply that your income minus your expenses equals your net profit. Again. Your income minus your expenses equals your net profit, and this class will focus on the income part of the formula. How to generate more income. And we'll go over some ideas on how to do that. The first strategy that I'd like to discuss is your current job. If you have a job getting a raise or overtime or extra task, it's a very quick way for you to actually generate more income. Getting a raise is an excellent move because it doesn't require you to trade more time for more money. One example is, if you are a teacher, you can get a summer income. You can coach sports. You can work on an after school program or an after school activity, and that is just one example of the many ways that you could actually increase your income within your current job or your current career car advertising or order wrapping. It's another way of you increasing or supplementing your income. There's a number of advertising firms that would actually pay drivers to have their own cars covered with add. Now, keep in mind that because you're chosen based on the demographics and region that you live in, it could be that you sign up for a company and never be selected. Or you might wait many years before you're actually selected. If response it chooses you, the amount of commitment and effort is relatively minimal. You'll be required to drive a certain number of miles per month to fulfill the contract. So if you are interested in order advertising, look into it. Another way for you to supplement your income is for you to become a direct seller. There many ways for you to become a direct seller for a company so you could get some extra income on the side. Now you don't have to leave your day job or quit in order for you to sell as a part time. You could start part time. And if it's something that you really interested in and you do well that you could actually use it as your full time job, if again, it's something that you're interested in, but you could do it. Justice a supplement. Income companies like Avon or Amalie are always looking for good sellers, and if you have the skills in the sales department, you could do very well with them. Another way for you to generate more income is to freelance. Freelancing is becoming very, very popular these days. We are living in what they call the gig economy, where people are actually using freelancing to supplement their income and sometimes to replace their full time income. So looking to freelancing, to see if that is something that you could do and you could offer if you have skills that are remarkable, offer it as a freelancer as to freelance, so you can create your own schedule many times, said your own prices. Freelancing is a huge open field where you can do many jobs and many different skills are needed. Some of the popular networks for freelancing are up work. He lands freelance dot com and many others. Another way for you to earn extra money or extra income is to become a mystery shopper. Mr. Shoppers are people who are paid by a market research company to report on their experiences doing things like shopping, eating at restaurants on buying us for each assignment. Usually the mystery shopping company will give you specific instructions on where to shop and what to look for. Well, don't report on how the experience weren't the Customs Service, the attitudes of the employees, the cleanly nous of the facilities and much, much more. You most likely not earn enough to quit your day job during mystery shopping, but it could serve as a good extra income opportunity. And if you like shopping, it might be a great opportunity for you now, depending on the rental market in your area, you could make anywhere from 252 more than 1000 a month in rent. You can check classified ads in the newspaper and sites like Craigslist to see comparable prices in your area. Another option that is becoming very popular is renting out your car. Now these actions air simple in the sense that you are not actually doing the work, but make sure that you research the risk with any option. Another way for you to will generate extra income is to donate plasma if you're considered to be in good health and are not afraid of needles. You can donate plasma very easily. Plasma is in high demand by the hospitals as it is needed to save lives. If you're able to donate, you'll be compensated for your time and you'll be doing a good for your community. The potential earnings varies based on the demand as well as what the plasma center offering. But I have heard of first time donors making up to 400 in a month for their donations. This would be considered a job, but it is a quick way for you to earn some extra money and help those in need. Coaching is becoming very popular these days. If you have enough experiencing your field to coach others, then create a website where you can offer your coaching services, advertise you services in the industry forums and give new clients at this count or other incentives to refer to you. Tutoring is another way that is becoming very popular for people to actually supplement their incomes and sometimes even replace the full time income. You can work with an established group like doing S a T prep, or you can make your own services no to either students, parents and schools in your community. If you're targeting adults, you can create a website or list your services for the adult tutoring companies. Now you don't have to be an expert in your subject. We just need to know more than the person that you're tutoring. You can tutor in subjects, languages, test preparation and even life skills. Neighborhood services are a great way for you to actually earn extra income on your own time or at your own schedule. You can Moreland's Rake leaves or shovel snow. Start by asking friends and families or even neighbors, if they would like to hire you for these services, you can start in your neighborhood with a couple of houses, and then you can explain from there if you really like it. And if you find that is profitable, if you are a musician or a photographer or you have the skills of playing an instrument or take a good photo, you could advertise your skills for weddings or for other commercial events or your own portfolio, and as a great way for you to increase your income or get an extra income, you can even use services such as thumb tags, gig Masters get salad, wedding wire and so on for you to actually advertise or get some gigs. So in the power lunch, we just want always on income generating ideas. We went over current job car advertising, selling, freelancing, mystery shopping, renting something, donating plasma coaching, tutoring, neighborhood services, just to mention a few. Now again, these are just some quick ideas, but the possibilities are endless. Just get this to help you start thinking about him and go out and get it going back to your magic formula. Income minus expenses equals net profit. We just went over some income generating ideas, and this is on top of whatever income you're generating already. So go out there. Think about a way for you to increase your income, and that will definitely help you increase your net profit. I just wanted to take this moment to say thank you. Thank you for your time. Thank you for your effort and thinking for listening to my class. I hope that you have taken some value out of it. They have learned something, or that at least it has inspired to do something to take action. So get out there. Think about income generating ideas on how to increase your net profit again, Thank you very much. And I hope you have a great blessed day. 3. Thank You: I would like to share a quick reminder again. Thank you very much for your time and effort. Please don't forget to look into and complete the project. If you have time, class has been official to you and could be beneficial to someone else. Please share it. Feel free to ask any questions or adding discussions or anything that you think will benefit the class or anyone taking the class in our discussion section. And once again, Thank you. Thank you. Thank you.