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15 Concise Ways To Turn Your Passion Into Profit

15 Concise Ways To Turn Your Passion Into Profit

Are you one of those people who can hardly wait to get off work so you can go home and pursue your passion? If you are, have you started to also wonder how you could make your passion into full-time work? Whether you believe it or not, it can be done. All it takes is some dedication to your craft and a little marketing effort. There are many hobbies that can be turned into profitable businesses very quickly. Here are just a few of them:

Photography

If you are able to shift the emphasis of your photography efforts from casual to artistic, chances are good that you could find a ready market for what you produce. Put your work in front of that market, and you’re in business. A lot of photographers with the most followers[1] can earn money by marketing their works over Instagram, Pinterest, and many stock photo online stores.

Fitness Instructor

If you enjoy being fit and think you could teach others to do so, why not become a fitness instructor. You can do it with as little as a desire, but to really be taken seriously, you should get a certification, then the sky is the limit.

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Writing

Were you told that you had a knack for writing when you were in school? It so happens that publishers go begging for the work of good writers who produce good work on time. This could be due to the high demand of Internet marketing where articles and content are important and badly needed. Likewise, you can also make your own blog with a certain topic (for example, TechieBlast is a personal blog entirely focused on technology).

Video Creation and Editing

If you enjoy creating videos, with any number of the software packages that are available today you could be in business very quickly. Now is also a good time to offer services that allow people to transform other formats into DVDs, and they need people like you to do the work for them.

Web Design

If you like working with computers and you have a flair for design, why not combine the two with a whole new career in web design? Today’s software can teach you how it’s done, or take a class, and you’re in business.

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Graphic Design

There are shelves full of graphic design programs that can turn practically anyone into a designer. But if you’re really good at it, you can make a living out of it. Creativity is pretty much needed to come up with a business idea. Some can even combine a few different passions. Krowmark started by simply designing T-shirts, but now they have expanded their expertise on selling other jackets, tracksuits, bags and incorporate free logo designing. So if you have a flair for art and can improvise an idea, you’re in business.

Auto Mechanics

Do you like cars? Are you someone who enjoys working on their own car? Perhaps you have what it takes to turn a hobby into a career working in the automotive industry.

Sports Refereeing

If you love sports, you could offer yourself up as a referee and stay busy for a season. There are loads of sports, both indoor and outdoor, that you can choose from. If you like to be on a big field, there’s volleyball or basketball. If you are more likely to go indoor, then hang around game room where you’re sure to find ping pong table games and board games[2] that you can keep score with. Better yet, you could learn the finer points of several sports and keep yourself busy all year long.

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Carpentry

Do you have a home workshop? You could easily keep busy doing custom cabinetry for others, or make what you like and offer your products for sale.

Teaching and Tutoring

There are many people who would love to sing or play a musical instrument. If you can teach them how, you could make a good living as a teacher or a tutor. One doesn’t need to be a college graduate to start teaching or tutoring someone with a particular instrument. You just need to be good at it.

Studio Musician

If you have a recording studio in your community, you could offer yourself for hire as a studio musician.

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Antiques

Do you like antiques? If you do, and you know something about them, you could become a dealer to others who love them as much as you do.

Pets

If you like animals, you could offer your services to others in any number of ways. You could be a groomer, farrier, board and care provider, and sitter. However, since you get to be responsible for other people’s beloved pet, you need to know the basic pet safety. This includes asking the owners for their pet’s age, breed, and also the basic knowledge on food for it (for example, if the cat is allergic to chicken or if pears are safe for dogs[3]).

Baking

Do you like baking? Do your family members and friends swoon when something comes out of the oven? Maybe it’s time to offer your baked goods for sale to others, including restaurants. Mrs. Fields did it, and so can you!

Picking

If you have ever seen the television show American Pickers, you know what picking is all about. Go everywhere you can find things for sale, including garage sales, yard sales, and others, then turn around and sell what you bought at a profit.

Reference

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Junie Rutkevich

Game Developer of iXL Digital

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Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

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