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...

Being financially secure before you reach 30 may seem out of reach for many people in their 20s, but it's possible. Working toward financial security need not be an exercise in self-deprivation, though many people assume it to be. Attaining this goal even has some immediate benefits given that financial insecurity can be a serious source of stress. The following are 10 steps to consider to achieve financial security before you turn 30. KEY TAKEAWAYS Knowing how much you spend can keep spending in check. Live within your means, don’t use credit to fund a lifestyle, and set short-term achievable financial goals. Become financially literate and save what you can for retirement. Take calculated risks, such as moving to a city with more job opportunities or taking on a new job that pays less but has more upside potential. Invest in yourself by continually upgrading your skills and knowledge. Strike a balance—working toward financial security doesn’t mean you need to deprive yourself.  1...

  How can you earn more money? You’d think a question this simple would have a simple answer. Yet experts’ attempts to explain the nuances of earning — whether disguised as personal finance, business management, or the importance of education — could fill a file server. You could read all the articles, watch all the how-to videos, listen to all the podcasts, and even attend the right business school, but still not know the best ways to make money. Why is it all so complicated? I have an idea: It’s because only you are qualified to answer the question of how you can make more money. Think about it: Just like our relationships, our time, our food preferences, and even our financial choices are personal. What works for me may not work for you. Likewise, I might not survive a day doing something you’d excel at. And while education, knowledge, and experience matter a lot, they are only the ingredients. You have to get into the kitchen to cook up your own recipe for financial success and...

  Twitter is a key part of any social media marketing campaign. However, you don’t have to have a blog in order to make money through Twitter. There are several ways that you can make money through the social network without trying to sell your own products or services. Twitter is a powerful platform unto itself, not just a conduit for marketing another site. You can create a Twitter account around a profitable niche — making money online, online education, or motherhood, for example — and amass a large number of followers interested in that niche. Then you can tweet links to interesting content from around the web, offering your followers something of value without ever having to create content yourself. So how do you make money? The same way you do on a blog: Selling advertising, sponsored links, and affiliate marketing. Here are a few programs that can help you make money on Twitter: Tip: To make money on Twitter, you would also need an efficient way to publish, schedule, monito...

If you’re worried that you’ve missed the e-commerce boat, don’t worry. It’s just getting moving. While several ecommerce companies like Ebay, Shopify, Walmart, and Etsy can make selling products online easy, in my experience, the best way to make money online is with Amazon. Amazon is a huge opportunity for those who want to join the world of e-commerce. In 2020, Amazon raked in $386 billion in revenue — over half of which was fueled by third-party sales.  But what can you do to get a piece of the Amazon pie? There are tons of great ways to earn cash on Amazon, so to help you find what method might work best for you, this article dives into the top ways to make money on Amazon in 2022. Let’s get to it!   1. Sell your own private label products on Amazon The best way to make money on Amazon in 2022 is still through private label sales using Amazon’s Fulfillment by Amazon (FBA) network. Around 67% of all Amazon sellers run their business using the private label method.  Pri...

  Do you want to learn how to make money using your phone? Today I’m sharing 25 easy ways to make money from your smartphone. The best part is, many of these mobile apps are free to use. This can be a great way for teenagers and students to earn extra money. How much time do you spend each day on your phone? A recent survey says that we spend an average of 3 hours and 15 minutes per day on our phones. We’re spending more time online because many of our pastimes, such as socializing is shifting from offline to online. Since we’re spending so much time on our smartphones anyway, why not use this as an opportunity to make extra money through your mobile phone? If you’re been thinking about how to boost your income, this list of money-making ideas is a great place to start. Whether you’re a teenager, a stay-at-home parent, or you just want to make money fast — many people are looking for ways to make money from home. Today I’m going to show you how it’s possible to make money from your...