8 answers
Leo
Student
Albuquerque, New Mexico
1
Question
Asked
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How, can I make more money efficiently and effectively?
I want to learn new ways of making money, and be able to make money efficiently and be successful in life.
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8 answers
Vanny Koornwinder
Events Planner
3
Answers
Santa Clara, California
Updated
Vanny’s Answer
I suggest you rephrase your question to "What are the best strategies for managing my money efficiently and effectively?" Remember, your income and your savings are not necessarily the same. It's entirely possible for someone with a modest income to have greater savings than someone with a high income but a lavish lifestyle. The secret to financial success lies in distinguishing between what you need and what you desire. Always remember the timeless advice, "Live within your means." Additionally, strive to make your money work for you, rather than just stashing it away. It's never too early to explore investment opportunities. There are numerous free online webinars available for you to learn from. Wishing you all the best on your financial journey!
Nivea Hanley
AI Engineer
16
Answers
Clearwater, Florida
Updated
Nivea’s Answer
Absolutely! If you're aiming to score big bucks, you want to keep some things in mind:
- Dive into what's hot in demand. Take online courses, workshops—whatever tickles your fancy. Keeping up-to-date with the new is key.
- Don't rely solely on one paycheck. Side gigs, freelancing, maybe even toying with stocks or starting a mini hustle—sizzle up that income stream.
- Master the art of networking. Sometimes, it's who you know. Shake hands with folks in your field, on LinkedIn, or at events.
- Become a brand sensation. Share your brilliance through blogs, social media—shoot, even YouTube. This could land you gigs, stages, or consulting deals.
- Command your time like a pro. Set goals and priorities.
- Jump onto online platforms. Peddle your skills, crafts, or advice on places like Upwork, Etsy—take a dip in the internet money pool.
- Keep tabs on your cash with a budget. It's like a treasure map to stash and future triumphs.
And don't forget, Success isn't a microwave dish; it's a slow-cooked masterpiece. Take your time to learn the ropes and with time, you will reap the results.
- Dive into what's hot in demand. Take online courses, workshops—whatever tickles your fancy. Keeping up-to-date with the new is key.
- Don't rely solely on one paycheck. Side gigs, freelancing, maybe even toying with stocks or starting a mini hustle—sizzle up that income stream.
- Master the art of networking. Sometimes, it's who you know. Shake hands with folks in your field, on LinkedIn, or at events.
- Become a brand sensation. Share your brilliance through blogs, social media—shoot, even YouTube. This could land you gigs, stages, or consulting deals.
- Command your time like a pro. Set goals and priorities.
- Jump onto online platforms. Peddle your skills, crafts, or advice on places like Upwork, Etsy—take a dip in the internet money pool.
- Keep tabs on your cash with a budget. It's like a treasure map to stash and future triumphs.
And don't forget, Success isn't a microwave dish; it's a slow-cooked masterpiece. Take your time to learn the ropes and with time, you will reap the results.
Katherine Avery
Run a music studio and teach private music lessons; teach college-level religion classes
350
Answers
Spanish Fork, Utah
Updated
Katherine’s Answer
One thing you can do is read books from Dave Ramsey's company like EntreLeadership, From Paycheck to Purpose, The Proximity Principle, Baby Steps Millionaires, etc.
One other thing you can do is check out these workbooks and see how helpful they are to work through the recommended steps:
https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/personal-finances-na-eng.pdf?lang=eng&download=true
https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/education-for-better-work-na-eng.pdf?lang=eng&download=true
https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/find-a-better-job-na-eng.pdf?lang=eng
https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf?lang=eng
One other thing you can do is check out these workbooks and see how helpful they are to work through the recommended steps:
https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/personal-finances-na-eng.pdf?lang=eng&download=true
https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/education-for-better-work-na-eng.pdf?lang=eng&download=true
https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/find-a-better-job-na-eng.pdf?lang=eng
https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf?lang=eng
Omani Gilliam
Business Executive | Opening the Doors of Power & Influence for Lasting Inclusive Change. Cross-Functional Doer & Cross Silo Collaborator | CFO
20
Answers
Austin, Texas
Updated
Omani’s Answer
Hi Leo,
One simple practice, that can path immense help for you is understanding we can't manage time, in part we can only manage what we can control. Time will always move. Therefore, managing time and money can be hard to focus with the goal of being efficient. Just because you asked this question tells me your earnest determination to achieve your goals. Two things helped me in the most challenging jobs and days a mentor told me. One, focus on the most urgent first and prepare ahead your day before you start. Secondly, do one task at a time. Try to not switch off in the next pop-up tasks your brain tells you to change topics. In reality, science tells us we become less efficient if we change task. As opposed to us finishing the first task we started with, even if we think it may take us longer. If the other task is not urgent, trust me finish what you are working on. Don't multitask, finish the task first. Then go to next task after you completed one at time. Learn from mentors how to save. That is a key of wealth. Understanding why credit can be more valuable than cash. Read the book "Rich dad, poor dad". Also, "think and grow rich". You will be amazed how much more we can get done efficiently and effectively. Don't multitask, one task at a time and try to save 20% of all you receive for your emergency fund. It works.
You got this!
One simple practice, that can path immense help for you is understanding we can't manage time, in part we can only manage what we can control. Time will always move. Therefore, managing time and money can be hard to focus with the goal of being efficient. Just because you asked this question tells me your earnest determination to achieve your goals. Two things helped me in the most challenging jobs and days a mentor told me. One, focus on the most urgent first and prepare ahead your day before you start. Secondly, do one task at a time. Try to not switch off in the next pop-up tasks your brain tells you to change topics. In reality, science tells us we become less efficient if we change task. As opposed to us finishing the first task we started with, even if we think it may take us longer. If the other task is not urgent, trust me finish what you are working on. Don't multitask, finish the task first. Then go to next task after you completed one at time. Learn from mentors how to save. That is a key of wealth. Understanding why credit can be more valuable than cash. Read the book "Rich dad, poor dad". Also, "think and grow rich". You will be amazed how much more we can get done efficiently and effectively. Don't multitask, one task at a time and try to save 20% of all you receive for your emergency fund. It works.
You got this!
Deborah Chang
Business Development
24
Answers
San Carlos, California
Updated
Deborah’s Answer
That's an excellent question!
I'd recommend diving into two books - "Rich Dad, Poor Dad" and "The 4-hour workweek." I know, the titles might bring a smile to your face! I've read both of these books, and even though their titles may seem lighthearted, the core content of each book is truly beneficial. They've topped bestseller lists, so I'm confident you'll be able to locate them at your local library, be it a physical copy, an ebook or an audio version.
Best of luck on your adventure!
I'd recommend diving into two books - "Rich Dad, Poor Dad" and "The 4-hour workweek." I know, the titles might bring a smile to your face! I've read both of these books, and even though their titles may seem lighthearted, the core content of each book is truly beneficial. They've topped bestseller lists, so I'm confident you'll be able to locate them at your local library, be it a physical copy, an ebook or an audio version.
Best of luck on your adventure!
Anthony Kofi Hene-Amoah
Translation, Editing, Project Management, Research and Evangelism
176
Answers
Jema, Brong Ahafo Region
Updated
Anthony’s Answer
Hello,
Please, note the following,
concerning how to make money effectively :-
1. Type of business.
2. The goal, concerning the business.
3. Faithfulness and Diligence towards the business.
4. Favourable marketing conditions.
5. Favourable government policies.
Best regards.
Please, note the following,
concerning how to make money effectively :-
1. Type of business.
2. The goal, concerning the business.
3. Faithfulness and Diligence towards the business.
4. Favourable marketing conditions.
5. Favourable government policies.
Best regards.
Hey Anthony, this is good advice for those interested in business but I think this student was looking for more general advice on how to make money. Do you have any advice on that topic?
Gurpreet Lally, Admin
Additionally, there is the need to search for work-from-home jobs on the internet, and include. For example, data entry jobs.
Anthony Kofi Hene-Amoah
ALi Habbache
Customer Success Manager Architect
11
Answers
Addlestone, England, United Kingdom
Updated
ALi’s Answer
Fantastic mindset, keep it up!
Firstly, it's crucial to grasp that income can be categorized in numerous ways. However, I'll concentrate on two specific types for our discussion. The first one is active income, which typically involves offering a service to someone and receiving payment in return.
The second category is passive income. This encompasses online courses you've created, recorded sessions on subjects you're enthusiastic about, interest accrued on savings, or any other source that generates income without requiring your physical presence to complete the task.
I'm eager to hear about your goals. With that information, I can offer advice that's more personalized and beneficial to you.
Firstly, it's crucial to grasp that income can be categorized in numerous ways. However, I'll concentrate on two specific types for our discussion. The first one is active income, which typically involves offering a service to someone and receiving payment in return.
The second category is passive income. This encompasses online courses you've created, recorded sessions on subjects you're enthusiastic about, interest accrued on savings, or any other source that generates income without requiring your physical presence to complete the task.
I'm eager to hear about your goals. With that information, I can offer advice that's more personalized and beneficial to you.
Wioletta B
12
Answers
Gdańsk, Pomeranian Voivodeship, Poland
Updated
Wioletta’s Answer
Always have faith in yourself and don't let others discourage you by saying you can't accomplish something! Embrace a work model based on flexible hours rather than a rigid contract. This will allow you to juggle multiple projects simultaneously.