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5 Tips to Help You Succeed In Making Money with Your Passion

5 Tips to Help You Succeed In Making Money with Your Passion

The biggest criticism that this generation of ours faces is that we are selfish. Many of us are running after money, and we are obsessed with technology. This criticism primarily comes from a generation of people who did any work that was available to them, instead of following their hearts and doing what they loved. This passion for doing what we want to do, to me, is a blessing for our generation.

Every one of us can find a job and start earning money. Any person can find a 9-5 job and follow the same routine all week every week; however, there are others who don’t want to be a part of the rat race. They want to pursue what they are passionate about. Nevertheless, following your passion isn’t that easy in this world, especially if you want to make money from it.

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The lines below discuss some tips that can help you in making money with your passion by giving taking the example of a person who has a knack for writing.

1. It won’t be overnight.

The first thing to remember pertaining to following your passion for making money is that it wont happen right away; rather, it will take time. For instance, writers who wish to make money by blogging or freelancing will have to make their name known in the highly competitive internet-based world. If a person plans on being a writer, they will have to utilize social media platforms; however, like the conventional market, the online market is also very competitive. Building an online presence in order to make money from writing requires some time. Once you have made your name on a particular platform, then writing jobs will follow and you will monetize your passion.

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2. You will have to sacrifice.

Like everything related to love, there are certain sacrifices a person has to make. Similarly, pertaining to making money with your passion, you will have to sacrifice a little at the start. In the case of the writer who applies for online jobs, initially, the writer will have to post a bid that is low compared to the others, so that the offer of the writer stands out in front of the employer. For a couple of months and few jobs, the writer would need to sacrifice on the rate of work, no matter how good the writing is, until the reputation of the writer rises to a higher level. Once the reputation rises, the writer will reap the bounties for every sacrifice made and earn money with their passion.

3. Difficulties will be there.

We face difficulties in our daily lives, so it goes without saying that the thing which you love will definitely come with difficulties and challenges. You will face challenges in the form of people not appreciating your passion, judging you, not appreciating you and being biased about your passion. Many successful writers before us tell us that the writers who search for work online face lots of problems and difficulties in the form of people not paying them enough for the worth of work they do, not appreciating the creativity and being biased towards writers because of their demographics. Therefore, if you are following your passion as a writer for moneymaking, then you must be ready for all the difficulties and hardships that await you.

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4. Take a stand.

Let me be honest, keeping passion and money abreast is a hard thing to do. You will find people who, because of money, will leave their passion. On the other hand, there are people who take a stand and choose passion over money. Once they take the stand and give all they have got to their passion, the ultimate result is passion giving them back much more compared to what they had when they were conscious about the bottom line of their bank account. Therefore, when it comes to opting between the two, take a stand and vouch for your passion.

5. Give as much time as possible.

If you aren’t one who would take stand for your passion, then the least you can do is give it as much time as possible in your daily routine. For instance, if you as a writer think that your writing won’t give you enough money to quit your crappy job, then you should continue with the job and give time to your passion after work. Therefore, give as much time as possible and increase your knowledge about how you can increase the money-making potential of your passion, and then scale up.

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Now it’s your turn!

Do you have any other example for making money from your passion other than writing? What passion do you have and how have you monetized it? What kind of difficulties did you face and how did you cope up with them? I would love to hear your feedback in the comments section below.

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Last Updated on March 29, 2021

Life Insurance: A Secure Way To Protect Your Future.

Life Insurance: A Secure Way To Protect Your Future.

Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

Importance of getting a life insurance

No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

Choosing the right insurance plan

If you’re about to select an insurance plan, you should consider some important factors:

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  • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
  • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
  • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

Differences between life insurance plans

Here’s a short brief of some plan categories you can choose according to your needs:

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  • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
  • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
  • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
  • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
  • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

So what are you waiting for? Plan for your future and live a happier and carefree life today.

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Featured photo credit: aryehsampson.com via aryehsampson.com

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