How to go From Poor to Rich in a Year

 

How to go from poor to rich in a year; is it possible? In this post, I will share the 7 steps I have used to develop the mindset for financial success.

Wondering how you can accumulate wealth and become rich? Well, you aren’t alone. Many of us dream about becoming the next Bill Gates or Elon Musk; however, accomplishing that level of success is not easy. But it’s not impossible either.

In reality anyone can become rich. Although getting there takes a combination of courage, knowledge, effort, skillful decision making, and a little bit of perseverance.

There’s no one surefire way to make you wealthy overnight, but there are some proven ways that can help you build wealth in the long-term.

How to go from Poor to Rich in a Year (Pinterest Image). Smiling woman holding an iPad.

In my post how to become wealthy in 5 years, I explain why you should focus on becoming wealthy instead of rich.

In this post, I’ll be sharing with you the right steps to set yourself on a path that leads to financial freedom and sustainable wealth.

Let’s get started. Here’s how to go from poor to rich in a year:

1. Commit to Becoming Rich

I hate to break it to you, but the desire to become rich without committing to it is certainly not going to work. You need to stop treating getting rich as a hobby and be prepared to make hard decisions.

Once you start following this path, you have to fully devote to your plan and believe that you can do it; because it’s possible and you deserve success.

There’s no room for giving up or failure. You should be ready to give whatever it takes for as long as it takes to achieve wealth.

2. Financial Education

Man reading a financial education magazine. The page has a picture of Richard Branson (right side) and the title "The entrepreneurs guide to success & business growth"

Investing in your financial education is a fundamental step towards building wealth. You don’t need to go to college or spend a fortune to learn about money.

There’s no standard program to teach you about personal finance, but there a few great ways to go about it.

I’d recommend you take the time to read personal finance books & resources. Here are a few recommendations:

5 Minute Millionaire Mentor

The Total Money Makeover by Dave Ramsey

I Will Teach You To Be Rich

These are handy books to kick start your learning journey. There are also great online courses and podcasts to listen to and improve your financial literacy in regard to basic topics like budgeting, debt, saving, and investing.

Don’t just follow one resource or finance expert. The best way to learn is to take in enough information so that you can form your own opinion.

The author of the book Rich Dad, Poor Dad — Robert Kiyosaki, says there are 3 sides to a coin; not the 2 sides as many people know (the edge of the coin represents the third side).

Instead of simply sticking to advice from one teacher or expert, a smart person will stand on the edge of the coin to see what the other side has to offer.

3. Cut back unnecessary expenses and live frugally

Adopting a more frugal life is something I recommend. Frugality means being economical with your money and avoiding lavish or unnecessary spending.

Start by accounting for every dollar you spend each day simply by setting a budget. It helps if you stay within your spending limits. Being disciplined can prevent you from making impulse purchases when you go out shopping.

If you are having trouble tracking your daily expenditure, take advantage of expense tracker apps. Another practical option is to use Excel spreadsheets.

At the end of the day, you can review your spending and see what doesn’t make sense. Here are a few more tips to reduce your expenses:

Cut back on lifestyle expenses

Let’s assume you’re the type of person who enjoys going out for food and drinks most days of the week.

It’s a good idea to start cooking more at your home. This change can help you to avoid the high prices of eating out at restaurants.

By eating more at home, you can help to cut your monthly expenses by an average of $200. That’s a saving of $2,400 in a year!

Suggested Read: How to drastically cut household expenses

Lower your energy bills

There are several ways to save on your utility bills. For example, you can install a smart meter, energy-efficient bulbs, and insulating your home if you haven’t done it already.

A smart home meter can help you make better energy choices and control your bills. It gives you accurate real-time information on your overall energy consumption.

Since the device can be programmed to shut off when not needed, it can prevent your electrical appliances from running and wasting energy.

Insulating your home can prevent the loss of heat through walls, roofs, windows, floors, and doors. With proper insulation, it becomes easier to meet the heating and cooling needs without your system running longer.

Avoid expensive premium brands

As a consumer, you have some lower-cost brands out there offering quality products that can meet and even exceed your expectations. Keep in mind expensive products do not always translate to ultimate superior quality.

Don’t be afraid to try out the slightly cheaper brand and compare your satisfaction. You’re likely to notice no significant difference except in your savings.

Suggested Reads:

How to live super frugally and happy

Grocery shopping on a budget for one person

4. Clear any debts first

Debt can get in your way of getting rich, especially if you have different loans with high-interest rates. Debt simply borrows from your future income. And, it may encourage you to keep on spending more than you can afford.

If your debt doesn’t have future value, then that’s considered a bad debt. And the best thing to do is to pay it off.

A good example of bad debt you should clear first is credit card debt. Credit card debt has a stronger risk on your finances because it compounds way faster than your best investments ever could.

In other words, you’re likely to have a debt load that outweighs your earning capacity and ability to pay it off.

Getting out of debt may seem easier said than done if your finances are already stretched.

The good news is that there are practical ways to reduce your expensive debts. First of all, the money you save from becoming more frugal, can be used to pay down your debt.

Secondly, you can always look into debt consolidation or debt refinancing.

With the debt consolidation option, you can turn your expensive student loans, credit card debt, and personal loans into a single manageable debt.

Debt refinancing involves taking out a loan with more favorable terms and conditions to replace your existing expensive debt.

This can save you a significant amount of money on interest rates. You can use your savings to make more than the minimum payment so that you pay down the debt sooner.

Remember, I’m not a financial advisor. I’m just sharing what I would do. When it comes to debt, its always best to seek professional financial advice from an expert.

When you become debt-free, you’ll instantly feel like a weight has been lifted from your shoulders. It’s now time to make some money.

Watch the video below for more tips on how to pay off debt fast.

5. Treat your money like a rich person

Mega-successful people have a financial growth mindset. They focus on spending money on profitable opportunities.

Wealthy people are more open to exploring new ideas because they believe there’s always more money to be generated. Also, they are not easily carried away by instant gratification.

I’d like to make a simple suggestion. Be frugal on purchases that depreciate in value or don’t produce income. Buy assets and avoid or reduce liabilities.

For example, spend frugally on things like cars, home appliances, entertainment items, computers, smartphones, and clothes depreciate quite rapidly.

I’m not going to tell you to avoid these things entirely, but it pays off when you practice conscious spending. The rich wouldn’t stay rich if they always spend mindlessly.

Learn to take full control of your finances. As I mentioned earlier in this post, you need to prepare a budget and pay attention to your spending so you know where your money goes.

Automating your finances can take away the stress of managing your money effectively without leaving anything out. When you receive your paycheck, the money is sent to where it is supposed to.

Your bills will be paid on time and money put away in your savings account without you even lifting a finger. Also, you’ll know if you have some income left over to spend guilt-free.

You can always tweak the automated system to work best for you.

Here a are a few example of how automating your money works:

Contribute 10% of salary to your 401k and Roth IRA plan.

Save 5% of salary for things like wedding, vacation, and down payment on a house

Use 50%-60% of salary to pay regular and miscellaneous bills (rent, utilities, debt, gym, Netflix, etc.)

Spend 20%-35% of salary on what makes you happy guilt-free

Suggest Read: How to start saving money when you have none

6. Invest your money

Woman looking at her personal finances on her laptop and phone.

That’s right, it’s time to invest your money. Investing is a smart way to grow your finances and get rich.

It’s important to remember that investments do involve some kind of risk. Therefore, you have to choose your investments wisely. One bad investment mistake can be very costly.

Below are a few great suggestions you may want to consider.

Invest in stocks, shares and mutual funds

When you invest in stocks, you become a shareholder of a corporation. You’re entitled to be part of the earnings and assets of that corporation. As a shareholder, you can make money through dividend payment or by selling your shares.

Investing in stocks can help you build wealth if you make steady investments over a long period.

The average annual return is estimated to be 7%. This means your initial investment in the stock market will double ten years.

It’s good to keep in mind stocks can go either way. So before buying your first stock and putting it on autopilot, at least make sure you’ve mastered the fundamentals of stock investing.

Stocks carry more risk than mutual funds. With mutual funds, you can diversify your assets.

It can consist of a mix of stocks and bonds or 100% stocks that are not entirely of one corporation.

If the unthinkable happens and stock prices decline significantly, you won’t be hit hard like you would if you only invested in individual stocks.

Invest in real estate

In my humble opinion real estate is one of the safest investments to accumulate wealth.

However, it typically requires high initial capital that you may not be able to raise as for now.

If you already have enough money saved, don’t waste more time. Research the best areas where to put your investment.

Whether you’re buying, developing, or selling real estate properties, the rewards are certainly encouraging.

Invest in businesses

Business is a broad subject. While there are hundreds of business options, it’s advisable to invest money in a business centered on your skills, hobbies, interests, and talents to increase your chances of success.

Put simply, you should focus on a type of business you would love spending time on even when things aren’t as swift as you anticipated.

7. Build multiple streams of income

Diversifying sources of income should be part of your get-rich plan. You don’t necessarily need to quit your job to start a business. And without further ado, let me show you how to go about it.

Start a blog

It easy to create a blog and you can work from anywhere. Just like most methods, a blog won’t make you rich fast. However, a blog is a great way of creating a new stream of income.

It takes time to reap the benefits, but in my opinion, its worth it!

When starting a blog, I’d recommend venturing into something you’re passionate about. For example, if you love cooking food, you could start a food blog to share different recipes with people.

To earn money from your blog, you’ll need to monetize it. You can do affiliate marketing, email marketing, securing sponsorship, selling eBooks and online courses, etc.

Affiliate marketing

I picked out affiliate marketing because it’s my favorite way to earn extra money online. It’s arguably the easiest and effective option.

Basically, you promote someone else’s products through your blog or website. For example, you could do product reviews for potential customers. If the buyer makes a purchase, you get a commission.

The beauty of affiliate marketing is that most of the programs are free to join. And with so many companies offering different types of products to choose from, it’s easy to find something you’re passionate about.

Physical products

Selling physical products can also create an additional income stream. All you need to do is find a manufacturer to work with and then work on optimizing your listing online. You can sell common products, which people tend to order frequently.

The video below will provide you with even more great ideas for income streams.

The final word

While accumulating wealth can be a rewarding and satisfying undertaking, don’t forget about the more important things in your life. Who wants to become a multimillionaire or billionaire only to end up lonely and in poor health?

Also, I always think it’s best to avoid the get rich quick schemes, such as multi-level marketing (MLM) business. People have become rich through winning lotteries, but striking gold may be an impossible dream for many of us.

Building wealth takes dedication and patience. The chances of you becoming a millionaire overnight are slim; but if you follow these 7 easy steps, you soon develop a rich person mindset. And, that’s how to go from poor to rich in a year.

Amazing 5 Forbes Tips for Investors, Entrepreneurs on Building Business, Brand and Ideas in Nigeria

With a population of over 200 million people and Gross Domestic Product (GDP) worth over $448.1 billion, Nigeria is unarguably fast taking the centre stage as the engine room of business force and the biggest economic hub in Africa. 

Your support matters. Sustain independent journalism in Nigeria – contribute to Legit.ng. This, without any iota of doubt, is more established especially now that more business ideas are being regularly conceived, practically generated and technologically driven to meet the mandatory demands of people vis-à-vis the global models. 

igeria, though, is facing numerous challenges from security to poor academic value, poor health and lack of adequate living standards, there seems to be an extended chain of interest from both inventors and nationals leveraging the available market space to build their business in the "giant of Africa." Establishing a business idea and brand in Nigeria requires knowledge of the industry one wants to go into. 

So whether you are a local or foreigner entrepreneur, these five steps will help you to grow and foreground your business: 

1. Know the business you want to do and navigate your way through the market space 

It is frequently said in economics that before diving into a business space, entrepreneurs and prospective business owners are expected to solve the problem of what to produce, how to produce, where to produce, when and for whom to produce for. 

Since where to produce is in Nigeria, and for whom to produce are Nigerians and other nationals living in the country, it is expedient that you as a business owner know the current trend in the industry you want to dive into. Whether goods or services, you must do market research and survey, analyse the demand, do the Strength, Weakness Opportunities and Threats (SWOT) analysis of the industry and know how to outsmart your competitors. 

Make your business flexible. And while trying to get a solid sense of how the market might change, explore the market more – and more because Nigerian market space is a business book of endless chapters. 

2. Be strategic and let your modus operandi be more open to changes in the trend 

The shift of business pattern in Nigeria is not a coincidence but a necessity and reality of the global trend. So while building your business brand, ask yourself often about what will be the fate of it in the next five years. 

It is noteworthy to state that with a dimensional rise in literacy level, internet access and speedy rise in the number of social media users, businesses and business owners in Nigeria now leverage the advantage of advanced technology to promote their products and brands. As a business owner, you must analyse the relevance of your goods service, make it problem-solving and solution-providing. Be strategic in solidifying your brand in a way that will build customers loyalty. 

In Nigeria, customers have a way of sticking to a business they help build. You must not disappoint as you grow your brand and establish your business ideas. 

3. Follow the rule and be on the side of the regulating agencies 

Building a business brand in Nigeria can be difficult sometimes, especially for a foreigner due to overwhelming tax and the burden of regulation. The environment can be sometimes toxic, but it depends on how you navigate your way. 

So to avoid a turbulent run of disappointments, expect your tax to grow as your business expands, and expect a little scuffle with necessary regulatory agencies. However, regardless of the level of regulations and tax, always find your ways to the same page with the regulating agencies of your industry. 

You are also expected to get the regulatory licenses you need and pay the associated taxes and levies. This will save you and your business some future stress. READ ALSO Most consumed goods in Nigeria 

4. Create more financial security option 

Sustaining a business brand in Nigeria demands time and unhindered capital inflow. For this reason, you must create credible financial security for yourself, and apparently, this may involve bits of help from friends and family members. 

Also, consider formalising the process of exchanging cash for equity with the appropriate legally binding paperwork. Getting loans from banks is another financial security opinion, though this may not be advisable considering the fact that banks in Nigeria are not friendly to small businesses and budding startups. 

If you should take the bank loan option, be sure that your business is going to pay back within the time frame of the agreement by both parties. Another option is grant. You can also seek funding from investors willing to channel resources into your business brand and ideas. A big idea needs a proper plan, moral and financial supports. Don't be shy or afraid to allow like-minded people to be part of your future success story. 

5. Build your reputation as you build your business 

It is necessary that when you are planning to build your brand and turn your idea into a great business, you must build your reputation also. Obviously, this is where publicity comes in. You need to make yourself visible the same way you strive you grow your brand and ideas. 

Publicity, which is totally about awareness, is not only product and organisation. As a business owner, you must invest in yourself to give your business acceptability and patronisation.

Best Courses to Study in the World

Every student selects a course that they believe will help shape their careers and build a solid future. The selection process sometimes starts when one is in high school. While still young, one may want to follow their passion. 

Growth and the dynamics in the education sector may make one change their mind once they come of age and understand why certain programs are more recognized. The best courses to study in the world guarantee one stable employment and great career life. 

Technology and innovation have changed the world massively. Some programs never existed in learning institutions a few decades ago, but thanks to technology, they are among the best. The dilemma of picking a course should be made lighter, especially for students who know which subjects they excel in. 

Choosing a course because one thinks it is trendy can be catastrophic, especially if you are not well-versed in the field you pick.

What are the best courses to study? 

Fields like Finance, Engineering, Healthcare, and Information Technology will always be in high demand. However, it is wise to consult with teachers, parents, and mentors on what courses to select before picking what to focus on in school. The following are the top 10 best courses to study at the university. 

1. Information Technology 

What is the best course to study in 2020? Technology runs the world today. Any basic action performed by governments, in homes, and whichever sector requires some form of technology. Information Technology is a broad field. 

It produces web developers, computer scientists, specialists who maintain databases, and all sorts of experts. Taking any IT course assures you a bright career as both big and small companies are always looking for IT experts. Some firms even take it upon themselves to train the experts as some learning institutions do not teach some critical skills. 

The best thing about taking IT is that you can work in any firm in the world. 

2. Medical and Biological Sciences

Which field is best to study? Medicine is the best field to study. Medical practitioners will always be needed in society. As much as people try to lead healthy lives, emergencies happen that require trained professionals. Doctors, nurses, clinical officers, and everyone in the healthcare field are deemed an essential service provider. 

The world's population is growing, and so the services of healthcare workers are needed more. Researchers and scientists are also required as they work on various discoveries in the medical field. 

3. Entrepreneurship Entrepreneurship courses are among the top tier courses you can go for. The world needs individuals who are gifted in the business field. The past few years have seen the tremendous rise of startups, which have brought massive changes. Going for entrepreneurship and startups courses will help one transform the little money they have to a huge investment leading to the building of an empire. 

Serious investors will not think twice about sharing their capital with someone who understands entrepreneurship inside out. 

4. Pure Mathematics and Statistics 

Data and statistics are created every day. This is why the world needs people who understand mathematics and intricate technology to help break down and use all the data floating around. Mathematicians and statisticians use complex technology to manipulate data using computers. 

We may be living in the digital era, but not everyone can understand complex data. Experts who have gone to school and have had the experience while working on given data can help the layman understand basics. They can also assist institutions and governments to do tasks like planning and management of human behavior. 

5. Business Administration and Sales 

If you aim to be the head honcho of a successful company one day, then Business Administration may be a course you want to consider. Many CEOs and other leaders in managerial positions have a background in Business Administration. 

Having a background in sales is also important as having skills in sales helps promote and sell products and even grow a brand. Business Management and Business Administration programs can be topped by other short accounting courses or related finance degrees. 

6. Engineering 

Engineering is one of the traditional courses that will never go out of fashion. Just like IT specialists, engineers are needed in most sectors. Some of the most marketable engineering courses include Engineering Management, Chemical Engineering, Mechanical Engineering, and Electrical Engineering. 

Software engineers are also as important as the other engineers who do more physical work. Thanks to software engineers, people get to enjoy sophisticated communication gadgets like phones and computers. Engineers will always be in demand as, without them, systems will remain broken. 

6. Clinical Psychology and related courses 

Psychologists are among the highly regarded professionals in the society today. For the longest time, only a few students were taking psychology at the university. Decades back, psychologists were not as many as they are today as the services they provided were not considered crucial. 

Changes witnessed in the society, mental awareness campaigns, and encouragement from the government and humanitarian organizations have called for more services from psychologists. With the increase in mental illnesses and diagnoses of new psychological conditions, the need for psychologists will always be there. 

Animals are also getting treated for mental conditions. 

8. Finance 

Imagine a world without money. Impossible! Money runs the world. It is the sole reason why most people get up early in the morning and go out in the world to make things work. Without finances and the circulation of money, today's world would not be where it is. Taking a finance course would be a prudent move, as there are thousands of opportunities where one can utilize the knowledge gained and make money at the same time. 

Money management, investment, stocks e.t.c will always require experts who understand money matters. The world is expanding, and so is the pool of money. 

9. Law 

As long as legal systems in the world function, lawyers will perpetually be necessary. Law has always been an elite course. The sharpest minds take law as it requires skills in critical thinking, master of various laws, and completeness in representation. Companies, governments, and high-profiled individuals always have lawyers on standby for advice or any other legal battle or emergency. 

The limitation of taking law is that countries do not follow the same legal process, so one may only be restricted to practice law in the region that applies the law they have studied. 

10. Architecture and related courses 

The creative work architects put in when designing buildings cannot be under-appreciated. Architects are known to bring beauty and vibrancy in the community through their constructions. Architects contribute to the happiness and healthy state of neighborhoods through their creations and designs. 

A city or town that has stunning buildings brings more appeal to its residents and even visitors. People will continuously need buildings to work and live in, especially when families expand, leading to population growth. Businesses also tend to thrive in areas that have a happy population with beautiful architecture.

The best courses to study in the world are also competitive as everyone wants to be the crème de la crème. The stiff competition may lock out some students who do not put in extra effort. Taking short courses related to your major on the side is also advisable as they build your resume and put you at an advantage over your peers. 

However, the end goal is to have a career that can sustain you after school. 

These top universities in Nigeria are the most popular and acknowledged because they provide the best quality of education. You can learn more about the institution that caught your eye by visiting its website. 

Go ahead and make the right choice now so the next years of your life will not go in vain.

How to Earn Money Online from Forex Trading

Earning money has generally been linked with and limited to traditional ‘offline’ routes. With the Internet advancing and being a major part of our daily lives, the majority of individuals are searching for methods to earn money online in order to augment their finances. This turns into secondary or passive income that can facilitate them to manage their expenses.

If you are looking to earn passive income through an online source, then the forex market arena is a possible method to get profits. So how can you earn online? Forex is a lucrative market with a net worth of approximately $2 quadrillion. It is also a highly liquid market, however, you will need to know the right techniques and strategies to be profitable in this market.
Understand the Market

Prior to executing profitable strategies and putting plans in motion, it is essential that you completely understand the market and the possible risks involved in trading forex. This trading technique is mainly done online, allowing a trader to gain profits or lose money. The trade ensues by purchasing instruments in one currency and then selling it in another. These are known as currency pairs. Knowing when to invest in a particular currency pair is how you can earn online.
Find a Suitable Forex Broker

To be a success in the forex market, it is essential that the broker you partner with complies with the prevailing regulatory framework that conserves the integrity of forex markets. In this market, there is a serious chance of falling victim to brokers who are a scam. There have been numerous occurrences where the traders close their operations after the transaction costs rise and the investor begins to lose their life’s worth of savings. So avoid opting for brokerage firms that have such practices. When you come across a good broker or platform, make sure to research their reputation by reading reviews and how people perceive them online. Best forex brokers shows the pros and cons, and the background of XM brokers. They are reliable and regulated brokers who support webinars and research materials. These permit traders from various international countries to engage and begin earning online.
Practice through Demo-Account Option

Novices in forex trading must take their time to practice using the free demo-accounts that the majority of trading platforms provide before investing real capital. The situations created reflect that of the real forex market. Moreover, it offers an excellent chance for learners to get comfortable with currency trading, recognizing patterns in the market and looking through a variety of trading methods. In addition, traders can extract information, advice and educational videos regarding forex trading when using the demo account. After you have mastered the trading skills on a demo account, then you can get big gains by investing real capital.

Having more than one income stream is essential in this highly expensive world. There are multiple earning sources online. A lot of individuals are opting for online earning methods because it does not require a 9-5 duty time and can lead to major profits.

How You can make Millions From Quora

What is Quora? How does it work? How can you make money by using Quora? How to sign up for Quora? How to use Quora? What are the terms and conditions of Quora to earn money, etc? All these queries are answered in this article.

1. What Is Quora?

As this article is started with the questions and will end up with the answers. Quora works in the same way as this article. Unlike another writing platform, Quora is a simple question and answer platform where you can ask your question as well as you can answer the question of others. These questions are answered by the people who are experts at the particular topic. Similarly, if you are an expert at a particular question, you can answer that question.
2. How To Sign Up Quora?

You can sign up for Quora by using your Gmail and Facebook accounts. When you will search for Quora in the Google Search Engine, you will see Quora's official website, usually on top of the list. After you have clicked on the website, you will see the Sign in and Sign Up options. If you are already a Quora user, you can simply Sign in and if you are not, you can Sign up by using your Gmail or Facebook.
3. Set Your Profile/Add Credentials:

After the successful sign up you will see your Quora profile. It is very important to set your credentials to tell the people that you are an authentic, expert, and eligible person to use Quora. Credential include:
3.1. Name:

Add your official name or business name. It’s up to you how you want to set your profile. If you want to set it as blogging with a particular blog name, you can add it. For example, I set my profile with my official name. I don’t use a blog name for the profile. I will suggest you set a profile with your name because you will have another option for a blog. I will explain it in this article in the coming section.
3.2. Work details:

Add your work experience. It is again up to you how you want to set it. If you are multi-professional, you can add all your profession or you can add one which is the most relevant to your niche.
3.3. Education:

Add your education or diplomas. In the education section, you can add your skill as well. Because it will help people to find you based on your expertise.
3.4. Add location:

You can add your home location, workplace location, or simply add your country only.


To add credentials is optional. You can add your details or you can skip it. I will suggest you add your credentials because it will make your profile attractive to people. And it will help you to grow your audience.

4. What is Quora space?

Quora space is the main source of earning. You can say it is a blog. The thing you should know is, the profile is different and space is a different thing. Such as, we have accounts and publications on Medium side by side. In the same way, Quora profile and Space are different things. It is a must to create a space to monetize your account for earning. You have to add space credentials separately.

4.1. Monetization:

On the right side of your profile, you will see a monetization option—click on it—create space and enable all earning programs. It is as simple as I write here.

4.2. Earning sources:

Based on views and engagement on your content, you may get ads on your post/content. These ads are the primary source to earn money from Quora. Quora doesn’t pay you from its own pockets. So be very clear about the earning sources.

The main earning sources on Quora are as follows:
Ads: As I explained before. You may get ads on your post based on traffic.
Subscription: Subscription is another way to earn money on Quora. You will see the subscription option during the process of monetization, as described in the previous section. You can set a subscription fee for your space. People who will subscribe to you—will pay a particular fee for the subscription to get full access to your space content.
By advertising your website:Third way to earn on Quora is—to advertise your blog or website. Quora is an enormous source to send traffic to your website or blogs. If you have your website—you can share your article’s links on Quora to engage more traffic on your website. Such as, you can share your Medium article link on Quora as well.
5. Is it difficult to get views on Quora?

Based on my experience, it is not difficult to get views on Quora. You will start getting views soon after you have posted a question or answer. However, it is somewhat difficult to get views in Quora Space. This account was created yesterday and I gain 976 views in one day.

6. How many views are required to get ads on the post?

There is no exact answer to this question. It varies from person to person. Some people earn after getting 6k views — some people earn after getting 1m views. The exact structure of views and earnings is not known. However, you can get an idea from the experience of people who works on Quora. For this purpose, you can check the answer of the people under the question ‘‘How Much You Earn On Quora Per Month?’’.You will see variety in their answer. Not all people earn the same amount of money. On average, it is 500$ to 1000$ per month.
7. Final Thought:

Quora is the easy and finest platform to earn money online. However, there is a competition in Quora as well. But if you will be consistent in your work — you can achieve your goal in a small time. Not much effort is required, though, consistency. It is easy to build your blog or portfolio on Quora as compared to other platforms. If you can not spend much time on Quora — only give an hour or half-hour daily. Patience, hard work, and consistency are must required in every profession, skill, goal, or passion. Nothing happens in a day, or a night. If you are getting an opportunity to achieve your goal — investing a small quantity of time for it, is not a big deal.

How to Get Rich in 2022: 11 Bold Moves That Guarantee Wealth

Have you ever asked yourself, “how can I become rich?” Everyone has dreams about winning the lottery and how to become rich overnight. People want to get rich. Just do a search on Google Books and you can see that it’s been a rising trend since the 90s.




Many people are looking for ways to get their first 100K, or ways to invest for a better retirement. Some are trying to succeed as entrepreneurs. People want to have enough money to buy beautiful homes, powerful cars, and great vacations. But not many know how to become rich. How do you become rich?
Being rich is more than about the dollar amount.

Being rich is a state of mind. In a sense, you could be rich but still poor, and vice versa.

You can define “rich” in different ways. There are a lot of people who simply consider it as having a lot of money. For them, rich is equivalent to a being a millionaire.

But rich can also be psychological richness. It is an achievement of being able to live without the worry of money. You don’t necessarily need to own a castle to be considered rich. Everyone can be rich as long as we are able to do what we desire freely and to have the fulfilment in life. The key of it is to live with or even less than what you have. To be “normal” even when you are financially capable to do a lot more.

You might have your own preference on which definition suits you better, but here are some ways on how to get rich. It may help you achieve either (or both) of them.
If you want to become really really rich, make bold moves.

It’s an ambitious goal to become wealthy, and if you’re aiming for that, here are simple ways to get rich.

1. Exploit your skill as a self-employed expert and invest in it.

Make it your goal to do one thing better than anyone: Work on it, train it, learn it, practice, evaluate and refine it. You may find most sports-players or entertainers are millionaires, and that is because they are utilizing their skills fully. If there’s something you’re good at, it is likely you can reap considerable rewards out of it.

It is the same concept of being the top of a particular field. When you are the best at something, you find that opportunities come to you. To become an expert of something, it is crucial to never stop improving. Successful people invest time, energy, and money in improving themselves, and it might just be the most rewarding investment you can ever make.

To get started, figure out what skill you want to cultivate. Make a list of the world’s ten best people at that one thing, and use this list to define criteria and track your own progress toward becoming the best.

If you’re a writer, for example, you might consult the New York Times Bestseller list, and identify the ten successful authors that you admire the most. Learn more about these writers, what they did to be successful, and read some of their work. Invest the time and energy in improving your own craft, by looking at successful past models.
2. Hit $100K, then invest the rest.

Everyone wants to get rich fast. But a goal like this isn’t something you can easily achieve in a short period of time. Instead of thinking of how to get rich fast, aim at saving $100K first.

The small amounts you save daily are powerful. You might only be able to put away $5 or $10 at a time, but each of these investments are your financial foundation.

3. Be an inventor and consider it as an opportunity to serve.

Stop thinking about getting rich fast and start thinking about serving a lot of people. If you think about what people need, or things that could improve society, your insights will have more impact. Not only that, you could be the first to produce a trending product in the future.

When you start to serve a lot of people, the effect of word of mouth is magnified – not to mention, you’ll have much more helpful feedback to improve what you do.

Having the patent of a popular invention could be the fast-lane ticket to prosper. Just look at Snapchat.

It would definitely be challenging, but consider it to be a way of serving, to benefit those who actually need your invention. No business is successful without the support of the public. Rather than squeezing every single dollar out of your customers, show them you are actually working to make them better.

4. Join a start-up and get stock.

Using the same potential consideration of start-up in the above points, owning stocks of one or more start-up companies could be a valuable investment if the company thrives and either floats or is sold to a larger enterprise.

Only a small minority of start-ups succeed in realizing large capital gains, so the odds are not good. However, you can use your judgment to see which business idea and which management team are likely to succeed. Early employees in Apple, Google, and Microsoft became millionaires on this basis.

5. Develop property.

Buying, developing and selling property has always been a major way for people to accumulate capital.

Borrowing could be a key element in this method. Say you borrow $200,000 and put in $50,000 of your own to buy a property for $250,000. Then you develop the property and sell it for $400,000. The property has increased in value by 60% but your $50,000 has now grown fourfold to $200,000. You have to select the right properties in the right areas and develop them wisely.

You are at risk from booms and busts in the property market. However, in the long term this remains a proven way to accumulate wealth.

6. Build a portfolio of stocks and shares.

If you can make steady investments in stocks over a long period, choose wisely and reinvest the dividends then you can build a large store of wealth. Of course stocks can go either way and many small investors lose heart when their portfolio plunges.

But over the long-term, equities are as good an investment as property and much more liquid. Stock market crashes represent great buying opportunities for those with cash and strong nerves.

7. Start your own business and eventually sell it

More and more startup have seen success with great return in recent years. If you can find a new approach towards a specific corner of the market and build a business that addresses that need, then you have a potential of success in it.


It literally can be anything: a cleaning business, a food delivery service, or a blog. It will probably take years of very hard work to build up the enterprise. All entrepreneurs will have to endure great risk and stress. But if you can pull it off, the potential rewards are huge. This is how many of the seriously wealthy people did it.
If you want to become wealthier and live a better life, build simple habits.

If you’re aiming for a stable life with enough money to support a living, start with the everyday things you can do.

8. Find a job in the right vehicle.

Choose a job of your interest – do what you love and love what you do. No one succeeds in doing what they hate.

You might have to start at the bottom and work your way up. But chances are, if you love what you do, it’s easier to make that happen. You’ll actually enjoy the process of getting to the top.

Earn the experience through different levels of work and when you feel like you have gained all that you can from it, consider moving on in other companies would widen your horizon on different business cultures. Putting more experiences in various positions would make you a more valuable asset for companies and making you a better option for higher rank duties.

Consider how the rich are able to get in with the right companies, where there are plenty of opportunities for growth. Seek places where you can grow your skill and are able to multiply your monthly income many times over.

9. Cut your expenses.

The biggest problem in some people’s path of getting rich is that they always spend more than what they earn. Living below your means will be the easiest to get rich.

Consistently track your progress on how much you’re spending. Use an app or simply an Excel spreadsheet to make sure you always know how much money you have what where it’s going. This gives you a proper place to review and refine what does and doesn’t make sense in terms of your spending.

Start cutting the unnecessary spendings in your life. Do what you can to reduce your bills: make sure you turn off the lights, plan meals to save at the grocery store, and be disciplined about eating in. Focus your life with only the necessities and in no time you will be saving a lot more than what you previously did.

10. Save it in your bank.

Set savings goals and routines to support those goals. Figure out ways that work for you in saving money, and refine what doesn’t.

Many banks have the option of creating separate savings accounts, as well as automatic withdrawals. By setting up these automatic transfers, you save passively and have to make an effort not to save.

Another thing you can try is to increase the amount of savings by 1% in every interval you wish. At first, it will be an insignificant change, but as time passes, you will notice a big difference.

Give yourself a reason and motivation to save as well. It is always important to plan for the future and saving for retirement could be a great point to persuade yourself to stay away from excessive spending.

11. Make investments wisely

Investment is much more than pure luck. One investment mistake could tear away a large chunk of your assets. So make sure whenever you are making decisions on investments, whether on properties or stock, think twice. It will be better for you to consider opinions from professionals and experts.

To give you some ideas, legendary investor Warren Buffett suggested to put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund, so that if the market crash, you will still be fine by cashing the 10% rather than selling the stock with a bad price.

Getting Rich the Wise Way

There are a lot more important things in life than accumulating wealth. Who wants to end up rich, unloved, lonely, and in poor health? However, if you can enjoy a balanced life and at the same time become rich, why not do so?

Taking combinations from the above suggestions may not guarantee you a prosperous future, but it will surely eliminate a lot of financial troubles in your life. With one step at a time, maybe you will also become the one you dreamed of.

Best Money-making Apps in 2022

For those looking to make money in an easily accessible way, apps provide plenty of avenues to consider. You can use your smartphone to take surveys, pick up a side gig, sell your unwanted stuff and more.

Here’s the scoop on seven free money-making apps. NerdWallet considered apps with at least four stars and 25,000 reviews in both Google Play and the iOS App Store.

The best money-making apps

1. Ibotta

How it works: Ibotta lets you earn cash back on in-store and online purchases at over 2,000 supported retailers. Originally for groceries, it has expanded to include clothing, entertainment and eating out, pet supplies and other categories. Offers can be product or retailer-specific — and some will automatically be applied. For others, you’ll need to complete an additional task such as watching a video or taking a poll.

There are three possible ways to earn cash back in stores: Add offers and submit your receipt in the app after your shopping trip, link your retailer loyalty accounts or purchase a retailer gift card through the Ibotta app. For online purchases, you shop through the app or with the Ibotta browser extension on your computer.

Payment: PayPal, digital gift card or direct to a bank account.

Pros: You’ll receive cash back on in-store purchases quickly — typically within 24 hours. Ibotta also offers a welcome bonus to new users, referral bonuses and a variety of payment methods.

Cons: Making money can be a slow process. You must have at least $20 in cash back to redeem your earnings (some gift cards require at least $25 in earnings). For online shopping, the pending period for earning cash back varies by retailer.

Download: Android, iOS.

2. Rakuten

How it works: Rakuten (formerly known as Ebates) rewards shoppers with up to 40% cash back on purchases from well-known retailers, restaurants and food delivery services. Users can also earn cash back on travel, gift cards and more. It’s straightforward: Create an account, tap on the store where you want to shop in the app, then make the transaction through the portal. You can also link a credit or debit card to your Rakuten account to earn cash back in-store — as long as you activate the deal through the app first. Rakuten credits the cash back to your account after it confirms the purchase with the retailer, which it says can take a few hours to several days.

Payment: PayPal or check.

Pros: Thousands of stores and purchases are eligible for cash back, so you’ll likely find deals where you already shop. New users can earn a $10 welcome bonus after their first qualified purchase. You can also earn sign-up and referral bonuses.

Cons: As with most cash-back services, you have to spend money to make money. You won’t see your earnings right away, either; Rakuten sends out payments every three months, and you need at least a $5 cash-back balance to get paid.

Download: Android, iOS.

3. Swagbucks

How it works: Swagbucks is a cash-back and rewards app. You earn points, called "SB," by shopping, taking polls, watching videos, playing games or fulfilling other tasks through Swagbucks. You can redeem those points for gift cards or get cash back to your PayPal account. The total points awarded can vary by task. For example, surveys are typically worth about 40 to 200 SB points each. The minimum balance required to redeem depends on the payout option you choose, but some gift cards are available for as low as 110 SB.

Payment: Gift card or PayPal.

Pros: Swagbucks offers many easy ways to earn rewards, and there’s no waiting period to cash in. Payments usually arrive within 10 business days after redemption. You can also get a $10 bonus with a qualifying $25 purchase when you join.

Cons: It doesn’t pay much; one SB is worth about a cent. With many tasks valued at pennies, it can take a fair amount of time and effort to make substantial money. Additionally, you won’t qualify for every survey or task. Users often report getting kicked out of surveys in the middle of taking them. This can be due to demographics or dishonest or inconsistent answers, according to Swagbucks.

Download: Android, iOS.

4. Fiverr

How it works: Fiverr is a freelancing marketplace that features gigs in over 200 categories, such as programming and video and animation. Create an account first, then you can set your profile as a "seller" highlighting your expertise. Post the gig you’re offering, which will include pricing and a description of your services. Clients, known as "buyers," can click through and place orders. You’ll get paid once you complete the job. Fiverr assigns seller levels based on performance. As you move up each tier, you’ll be able to sell more “extras,” such as a faster delivery time.

Payment: PayPal, direct to a bank account or credit to a Fiverr Revenue Card (a prepaid card). Minimum withdrawal amounts vary, and you may be charged a withdrawal fee, depending on which option you choose.

Pros: You don’t have to worry about tracking down buyers because they come to you. You can also earn tips.

Cons: Fiverr takes 20% of your earnings for every gig, including tips, and there’s a standard 14-day waiting period to withdraw money after completing an order (top-tier sellers wait seven days for funds to clear).

Download: Android, iOS.

5. Upwork

How it works: Upwork connects freelancers to gigs in writing, design, marketing and other categories on the marketplace. First, you’ll create a profile. It should include information such as the field you’re interested in plus your qualifications, availability and desired rate. Then, you can submit proposals. Clients will review them and offer projects if you seem like a good fit.

You begin each month with a set number of “Connects,” which are like credits that allow you to contact prospective clients. You can earn or pay a small sum for more Connects, but you won’t be charged when clients contact you. You can get paid on an hourly or per-project basis.

Payment: Direct to U.S. Bank, direct to your bank account, wire transfer, Instant Pay, PayPal and Payoneer. Charges apply to some payment options, so be sure to check Upwork for details.

Pros: Upwork helps take the work out of seeking out clients, establishing relationships and getting paid. The service also gives you the flexibility to set your preferred rate and schedule.

Cons: The app is free to download, but initiating contact with lots of clients costs money. Users also get charged a service fee. Upwork takes a 5% to 20% cut of your earnings based on how much you’ve billed a client. The more you earn, the more you get to keep. However, you won’t get paid until 10 days after the billing period ends. Remember, too, that you’re competing with other freelancers on the platform. That means clients may choose those who’ve set lower rates.

Download: Android, iOS.

6. OfferUp

How it works: OfferUp, which combined with competitor Letgo in 2020, functions as a local marketplace you can use to sell your stuff. If you want to reach a broader audience, OfferUp also allows shipping within the continental United States. Create an account and snap a picture of your smartphone, car, sofa or whatever it is you’re selling. Once you add a title, description and price, you can post your listing and chat with buyers directly through the app. Then, you'll ship to or arrange a meeting with the buyer.

Payment: Cash or deposit to debit card or bank account.

Pros: Creating a listing is simple and fast, and you’ll get paid instantly when you make a cash sale. You can also view a prospective buyer’s reviews and ratings to get an idea of how trustworthy they are beforehand. If you ship your item, the buyer pays the cost, and OfferUp provides the label.

Cons: You’re responsible for meeting local buyers in person and handling transactions. Sellers must pay a 12.9% service fee, or a minimum of $1.99, for shipments.

Download: Android, iOS.

7. Poshmark

How it works: The Poshmark app is tailor-made for selling clothes, accessories and even home decor. After signing up, you take or upload photos of your item, fill out a description, price it and share the listing. You can also feature items in the app’s "Posh Parties," which are virtual shopping events centered around particular brands, categories and themes. Poshmark emails you a prepaid shipping label once a purchase is made. Then, you send the package.

Payment: Check or direct deposit to a bank account.

Pros: Poshmark facilitates the entire process, from selling to shipping. Plus, you don’t have to meet with strangers to make a sale. The company will cover lost packages and handle issues between you and the buyer. Getting paid is relatively quick, too; Poshmark issues the money within three days of the buyer receiving the order.

Cons: You’ll pay a fee for selling through Poshmark. The company takes a $2.95 commission for sales under $15 and a 20% commission for sales of $15 or above.

Download: Android, iOS.