Frank Wealth

  Many people perceive being wealthy as having nice houses and a pleasure yacht. But the kind of money that the wealthiest 1% of the world's households has dwarfs this concept. This segment of the population large portions of major corporations, multibillion-dollar investment funds, islands in the Caribbean, and even rocket ships taking them into outer space. The average net worth of the 1%, aka the richest 1% of the global population's households, has mushroomed over the past two decades. It now towers higher above the net worth of the average citizen than ever before. Here are some of the basic facts about how the 1% lives. KEY TAKEAWAYS The minimum net worth of the top 1% is roughly $11.1 million. A person would need to earn an average of $823,763 per year in order to join the top 1%. The widening gaps in wealth and income stem from a variety of factors, including the wealthiest's increasing dominance of public and private equity, and tax breaks. Demographic Breakdown Be...

  If you want to build wealth fast – like really fast – then investing in a vehicle such as a Roth IRA will not get you there. If you’re younger and your income limits allow, open up a Roth IRA. Invest in mutual funds and ETFs. Make sure you have enough cash in your emergency fund. Starting your financial life with those good habits will bleed over into your success in building wealth. Okay, so how do you build wealth fast? Let’s take a look. Drop Your Living Expenses Like Crazy I know, this isn’t very exciting, but this is the definition of wealth. As Todd Tresidder of FinancialMentor.com says, “Great wealth builders focus on both saving money and earning more.” What Todd is pointing to here is the gap between your expenses and your income. Expenses should always be lower than your income. The larger that gap, the more wealth you can accumulate. Let’s face it, you can’t invest unless you have money to invest. If you’re currently living beyond your means and have no additional mone...

In a country where economic deficit and unemployment have become the order of the day, conceptualizing a business idea in Nigeria and subsequently starting it can be likened to a goldmine which offers an opportunity for people to tap into a better livelihood. According to Statista.com, a total of 32.5% of Nigerians were unemployed in 2021, with a forecast unemployment rate of 33% in 2022.  Apart from being a gateway to self-employment and helping to put an end to job hunting, starting a private business from various business ideas also comes along with several advantages which include but are not limited to:  Unlimited freedom  Unlike working under someone or organization, where your mode of operation and work is being dictated by your boss/superior, personal l business gives you the privilege to work at your own pace and with ease. This is most suitable for people who may not have what it takes to work for a company due to certain conditions such as old age, underlying m...

How To Make Money With Affiliate Marketing In 2022: I’ve Been Hitting $150k/Year And Want To Show You How I never thought this would happen to me. In 2 years I went from making $20k to $80k, and am now hitting about $150k/yr (see PayPal report). I did this by dropping all my clients and tried making money with affiliate marketing. So what do I do? My about page has my whole story, but here’s the gist: I write tutorials on WordPress speed optimization and how core web vitals are a ranking factor in Google. Speeding up your website involves hosting, cache plugins, CDNs, lightweight themes, and other services that happen to offer affiliate programs. I show people how to speed up their website (with very detailed guides), then they buy stuff through my affiliate links. It’s a win-win. But there’s one big problem. Affiliate marketing has gotten more competitive. And the amount of bloggers/YouTubers creating affiliate content is insane (people have also become skeptical). So how do you stand...