7 Wealth Generation Methods for Young People

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Generational wealth is the ability to pass down financial assets to future generations. It's something that many people dream of, but it's not always easy to achieve. However, if you're in your 20s and you're serious about building generational wealth, there are a few things you can do to get started. Here are seven tips for building generational wealth in your 20s: Set financial goals. The first step to building generational wealth is to set financial goals. What do you want to achieve financially? Do you want to buy a house? Pay off your student loans? Retire early? Once you know what you want, you can start to create a plan to achieve it. Opens in a new window www.investor.gov Create a budget. A budget is a great way to track your income and expenses. It can help you see where your money is going and make adjustments to save more. There are many different budgeting methods, so find one that works for you and stick to it. Opens in a new window mint.intuit.com Live bel

12 Free Ways To Earn Money From Internet Without Any Investment 2020


I am sure you know at least one friend or family member or colleague earning handsome money online.  You might have thought, it’s easy peasy money. You can make it too. But either you got trapped in an online scam or failed.

Have you ever wondered why?

It’s because either you didn’t know where to look at and where to start from or you wanted a shortcut to earn tons of money. Let me tell you, there is no shortcut to earn money. You have to work hard.

Let me tell you a story. One of my friends went for a digital festival sometime back. There he saw a guy sitting with a big board saying “Earn money fast: simple and easy form and survey filling job”.

The offer seemed attractive to him. He approached the counter and signed up for the job. The deal was he has to pay an initial amount of $40 to complete the registration. Once that is done, he will receive some survey forms and will get paid for it.

After a few days, he received some more online surveys which he gladly filled and sent. This continued for a month until one day the communication channel (email) was not reachable. All his emails bounced back and the guy who hired my friend was nowhere to be found.

This is just one of the stories that is happening online. There are millions of scams out there.  The reason I am telling you this story is not to scare you, but to show you the reality.

Do a proper verification before signing up for some work.  Check about the brand or the person behind the brand. Otherwise, you might end up working for hours for zero money.

Today, I’m going to share some of the simple and legitimate ways to earn money online that anybody can do. Be it a 40-year-old homemaker, a 15-year-old school kid or a retired person, you can pick your options and start working online.

While you are creating your big money blog, you need to keep earning some money in order to pay your bills and get through the period of struggle.

Therefore, to help you with making money, here are six ways to earn money online without paying for anything besides an internet connection, and well, a computer!

These methods can make you earn a decent income, depending on the amount of time and effort you put in.

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How To Make Money Online without investment (Sitting at home)

Honestly, there are hundreds of ways. When you look online, you will find legit sources along with and many that are scams. I highly recommend you to stay away from programs that ask you to make the initial investment to start using their money-making formula.

Here, I’m sharing how to earn money online, which is easy to use and legit at the same time. Few of them will require you to have certain skills like good communication, good writing abilities, etc.

Without any delay, let’s get to it:

1. Sell your skills on Fiverr

Fiverr is the best place to make money online for free. This website lets you offer any kind of services that you are good at and earn money from it. Getting started with Fiverr is easy, and it is designed for users like you who are willing to work from home and make money.

There are many success stories on Fiverr, and once you browse their marketplace, you could find a lot of ideas that would help you get started. The best part, this is absolutely free, and one of the killer ways to make money online without any investment.

Join Fiverr for free

2. Become a Virtual Assistant:

This is another b

est way to earn money by sitting at home. As the number of solopreneurs are increasing, so is the demand for a virtual assistant. A virtual assistant job is just like a personal assistant, but done virtually.

The job could be like:

  • Doing research work

  • Replying to emails

  • Writing content or ad copies

  • Moderating comments

On an average, a virtual assistant job could help you earn anywhere between $2-30 every hour. 

For anyone who can’t move out of the house, and needs an earning source sitting at home, becoming a VA is a lucrative option. We have published a few guides earlier on becoming a VA, and you could read more about it by clicking on the links below.

3. Offer Article Writing Service

  • Sitting at home kind of work:

Bloggers and webmasters are always looking for new and unique content for their blogs and websites. To become an article writer, all you need to good writing skills and you should be able to scout the internet to find the right information.

This is one of the best ways to make money online without paying anything.

Here is the list of websites which pays for writing:

You will be paid $2-$100 per article depending on the word requirement and quality. You’ll be instructed on the quality of articles, niche, number of words, etc. while making a deal.

Read:

4. Freelancing:

Earn money from home: Yes

Whether you are a graphic designer or a finance manager, a writer or a homemaker, freelancing is for you. You just need to think about what you are good at, and you can make your living.

You can be your boss, can work from anywhere you like, and work according to your time schedule. Simply, Sign Up for freelancing jobs on sites like Guru, UPWork, PeoplePerHour, Fiverr, etc. Apply for a relevant category and that’s it. You are good to go.

Of course, different sites have different payment schedules and terms of conditions; you just need to pick the site according to your needs.

Tip: Make a good profile and mention your strengths and previous work. Ask people to leave a review after work. This will establish you as a reputed freelancer on freelancing sites.

If freelance writing options fit your requirement, you should read: Websites to get freelance writing gigs.

5. Start a profitable blog

If you are passionate about writing and want to share your thoughts, emotions or learnings with people, blogging is a great option for you.

You don’t have to be tech-savvy or a computer geek to start your journey online. 

Here is an important story, the founder of this blog “Harsh Agrawal” met with an accident, and he was unable to move out of bed for 6 months.

It is that time, he made blogging his full-time career, and now he is earning more than $40000 every month. 

You can read about his journey here, and you would be surprised to learn about the scope of blogging. You can learn a lot about profitable blogging, by reading ShoutMeLoud.

Here are some popular ways to earn money from blogging.

Getting started with blogging is easy, and all you need is a domain and hosting to get started for the self-hosted WordPress.  

You can start earning within 2-3 months. It all depends on how much time, hard work and dedication are you willing to give.

Read the below guides on blogging

6. Create YouTube Videos or a channel :

  • You can work from home.

  • Investment required: Minimal

How many times have you spotted advertisements on YouTube videos? Until I got to know about money-making opportunities via YouTube, I never knew a normal user like you and I can earn income by uploading videos on YouTube.

It doesn’t have to be a technical video; it could be anything from funny to a serious one.

However, the video needs to be original. You can simply upload videos on YouTube and monetize it using Adsense.

Here are some articles which will help you to get started.

You need not need to spend a lot or buy a professional camera or any such gadgets. A good smartphone video recorder can do magic. Just be ready to capture some crazy moments.

Homemakers can consider starting a cookery show or similar stuff. If you are good with yoga, pilates or any other form of exercise you can create your DIY videos and upload it on YouTube and enable ads on them.

7. Guest Posting For Your Clients

  • Skills required: Writing & Client interaction

  • Can be done from home: ✅

It can help you make a lot of money. Guest posting has great benefits regarding traffic, exposure, credibility, and recognition from search engines. Just imagine the amount you can charge if you have the caliber to get a guest post approved on ShoutMeLoud!

Your clients will pay you thousands of dollars.

For this, you need to have writing skills and you can find a list of high authority blogs that allow guest posting here.

8. Affiliate Marketing

Affiliate marketing is the best way for anyone to start earning money online. This requires zero investment & you can use your blog or even your social media platform like Twitter, Facebook to promote and earn money.

Learn about Affiliate marketing here.

I know of bloggers earning thousands sitting at home just with affiliate marketing. Here is a post where you can see how much a person like you and me is earning from affiliate marketing.

For further reading:

9. Bitcoin and Cryptocurrencies

Earn from Bitcoin and Cryptocurrencies

It’s 2020 and there is no doubt that cryptocurrencies are here to stay.

Just like the dot com boom, Bitcoin and cryptocurrencies are at a very basic stage but if you spend some time working hard, you will end up earning a lot of money.

The best part is, you can find most of the information online and I recommend you to spend the first few days learning about Bitcoin and cryptocurrencies as much as you can before you start investing in it. Since the market is new and a lot of people are getting in, you can expect a lot of growth in the coming months or years.

You can browse Harsh’s website CoinSutra to educate yourself in the field of cryptocurrencies.

Here are some of the best tools and resources you need to get started with cryptocurrencies:

  • Coinbase: Get free $10 when you buy/sell Cryptos for $100

  • Binance: An exchange where you can deposit Bitcoin and Ethereum to start buying other low cap and high probability crypto coins.

  • Cex: An international website to buy Bitcoin, Ethereum, and a few other popular Cryptocurrencies using credit/debit cards.

I can’t really explain how you can earn money from cryptocurrencies in a few lines but here are few suggestions:

  • Cryptocurrency investment (buying good coins)

  • Cryptocurrency trading

Like I stated above, read Harsh’s CoinSutra.com to learn everything you need to know about cryptocurrencies.

10. Online Paid Surveys

This is the most common method for earning quick bucks. Now let me explain how these online surveys work.

There are many survey companies that usually pay internet users for their opinion or views on their popular products and services. They send out free products or services to contestants for trying their products.

If you are searching for an entertaining method to make money online, think about registering with a trustworthy survey company and go ahead.

Here are a few working websites for getting paid surveys:

  1. Swagbucks

  2. Prizerebel

However, before you register for any online survey program, make sure you read their TOS as many programs accept participants from specific countries like the U.S or Canada and thus on.

Personally, I highly recommend it to be the last way to earn money, as finding a good site which pays for surveys is tough, and there are many scams involved with paid surveys.

11. Become A Broker For Webmasters And Website Owners

Earn commission by getting them clients who pay for advertisement. Join webmasters forums and contact itraders to get this kind of work. These are all free ways to make money online and survive while you work on taking your blog to greater heights. Personally, I won’t recommend anything other than points 1, 2 and 4.

Another popular way to earn money is by helping someone sell their website or domain. This is a big business and with every successful sale, you can earn anywhere from $20-$20,000.

The commission is usually 10% of the selling price of a website or domain.

For further reading:

Also, remember to strike a balance between time spent on your main money blog and doing odd jobs online. Odd jobs must not divide your attention and cut-in the time needed to work on your main blog.

12. Become a Transcription freelancer

  As the number of podcasts and video content is increasing, so is the demand of the workforce for transcribing the audio into text format. There are services like Rev, that let you work from home, and make money with Transcription freelancing gigs.

Benefit of this work from home gig:

  1. Rev freelancing jobs allow you to work as much or as little as you want, whenever you want.

  2. Enjoy selecting from a variety of projects that actually interest you. Our vast network of customers means a steady stream of freelancing jobs to choose from.

  3. Receive weekly payouts via PayPal for all work completed. Rev is on-time and dependable.

This is another do at your own pace kind of work, and easily doable by anyone who understands, and can write in English.

Join Rev affiliate

There are endless opportunities and options which you can select and make easy money online. Try to stick to one for some time and see which work and which doesn’t work for you. One of the most common mistakes which people do is, try multiple options at one go, and in this process, they never explore the power of one.

Do let me know if you use any other method to earn money online. Which of the above methods have you tried?

Do share more such free tips to earn money online.

 

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