How to get rich from the internet? It’s not as hard as you think.

How to make money on the internet.

The question of becoming rich is so common and one of the most asked questions in the world. especially getting rich from an internet business.

Everybody wants to be rich. Everyone wants to enjoy a great life of no financial stress, having a very nice home, traveling wherever and whenever you want. Stepping into your dream car with your partner and enjoying the freedom you have once finances aren’t an issue.

That’s what money brings.

It brings you value in life to do something ‘your’ way.

Every one wants to live life their own way in whatever form you want.

You most likely want it in a way that you don’t have a boss telling you what time you want to be working and being free to do your own thing. I believe this is what most people are searching for. Not the million dollar yachts, airplanes, buggatis or mansions.

People want to have freedom of choice, without the constrains like lack of funds. The problem with society today is that people are bombarded with a shit load of advertising. Advertising on the radio, on the tv, on the street and the most profitable marketing today is the internet.

And this brings the most unique opportunity the world has ever seen regarding business.

It is the internet.

Every one is on the internet. Even in low income country’s you can see people with their smartphone walking around checking out Google or Facebook.

It’s unbelievable to think people put a smartphone first and food second. Its crazy, but its the truth. Most people even get highly addicted to the internet and social media. You know those people who want to make a selfy every single time.

On https://www.technologyreview.com/ its reported that the average American spends around 24 hours per week on the internet. I even believe that’s a false count, when I take a look wherever I go. Work, friends, family or just outside, every one is on their smartphone almost every single minute of the day.

Once people do nothing, what do they do? Check their phone.

Are you bored? We’ll just gotta check my whatsapp ‘incase’ somebody send a message to me.

Just gotta wait on the bus or train? Hmm, let’s fill up that time with some news searching or scrolling through Facebook for the 177e time.

Knowing this can bring the correct people the way to win. The people who are the go getters, the doers and the winners. These people can profit from the internet addiction.

Normal people look on the internet for information and entertainment. Something you as a winner can provide. Normal people don’t think this way because they learned to ‘work’ for money.

 

You can bring internet value!

What can you think off that brings people value in form of entertainment or information? The sites that you watch can give you that information. Most people who create sites have an idea behind it. The idea to make money, enjoy what they do and share it to other people. This sharing is what is called bringing value.

But there are also different kind of ways to make money on the internet. Take YouTube for example. Take a look at a PewDiePie or whatever the man is called, I don’t give a shit. But we can all learn from what he brings to the table. This guy earns a lot, laughing all his way to the bank while most people who watch him are broke as a joke.

And what does he do?

Making YouTube video’s about gaming and creates his own ‘image’ in these video’s’. That’s just what he does, being himself and creating an image/reputation around it. But don’t think it its very ‘easy’ what he does. There is a lot of editing to be done, filming that goes wrong and it take a lot of time to do it. Where most people leave their job at 5 – 6 o clock. These guys work like 12 hours a day. Still, the entire idea is very simple.

Guys like PewDiePie love their work, unlike most people and he gets paid sincerely for it. That’s why they keep going and working 12 hours a day. These guys get their reward later on. Around 1 million/month this guy makes and most importantly in his own time. Can you begin building 1 – 3 year something and not getting paid, until later? So you are hating on him making money? Well what did you make this year?

So you can definitely learn something about it. You can’t hate on somebody else making money, because you will attract the same mombo jombo that you wish on to others.

The problem with this is that most people don’t believe they can do it. Normal people have been conditioned by society, parents, school and the environment that you need to get a good job to pay the bills.

Of course if you want to pay some bills, you can find a job to do that.

You want to live your life in freedom and not only bills? You need a different direction for that and you should not follow the herd.

Don’t listen to what the average bozo has to say and go your own fucking way. This way you can stand out of the crowd. Stand above the corn field. Create something that lasts you forever.

A job is fine but it won’t bring you a full filling legacy and everlasting happiness. Because the problem with a job is that it limits you to your boss and he’s mood. If you have a very good boss then its a very nice job. But most people don’t have the luxury that includes a good boss. Going your own way is the next best move.

First you have to get rid of those nasty bills that keep you at your job. Meaning kill your huge housing payment, get rid your car payment for your Mercedes that costs you $50.000 and stop spending all that money on useless junk. This way you save your money for an opportunity to do your own business, investing in something useful or go to school for a better job.

The last thing is to get a ‘better’ job because eventually that job is going to suck too. But if it creates more money for you and it is more fun, then you can do it. Use that better job to create a better future, to save your ‘extra’ income that you get from that new job. Maybe you got more free ‘vacation’ days? Use that time for your own business to grow it.

But I wouldn’t recommend going back to school, the average college degree is going to cost a lot of time. Time you could have invested in your business.

After you have saved some money and got rid of your bills, find a way to provide people value on the web. I am of the believe that everybody has something they can provide to people.

How can you get yourself an internet based business and enjoy freedom?

  • What do you do that can help somebody? Maybe you are very technical and are very good in electrical work.
  • Since you have found the thing you would like to do, its time to set it up.
  • Get a LLC from the government and start your own business that provides the electrical work.
  • Go and network around, chances are you already know people who you have helped regarding that work and they can be your recurring customers.
  • Let them network around and do your best to advertise your company to different clients and other people outside of your current client network.
  • Get a website so people can contact you, give ‘basic’ value and information in forms like video’s, how-to’s and pictures of your work. This way you create more advertising for yourself and give people a foundation on where to get in touch with you.
  • Grow your business by hiring other ‘experts’ in your field and start selling tutorials on how people can repair their own stuff, so they can save some money and you can earn from teaching people. This way you can create a forgoing cash flow without you going from place to place.
  • After that you can start counting your cash and enjoying your freedom.

This is just 1 example you can do, there are so many things where you can provide value in. Just like this website. I have created it to provide value in the finance area and to give you an other mindset in how you can make money other than a job. To get you out of the daily rut of living for somebody else.

The features of getting an internet based business:

  • You create your own content, only you, no boss, no constrains.
  • Your income level has no limit, your job is mostly limited by hours and your boss.
  • Freedom to work wherever you are, on a beach in Thailand, in New york city while traveling or in your own house with your family.
  • You can choose whenever you want to work, no 9 – 5, not limited by vacation days or sick days.
  • Income keeps coming in even when you sleep, sick or don’t want to work. Can you do that with your current job? Let that sink in.

So what are you going to do?

Watch 6 hours of tv after work?

Or work your ass off 6 hours a day after work so you can enjoy this :

 

Start enjoying your life now!

Until next time,

Uuldriks Financial.

How much investing power $100/month brings.

You want to learn something very interesting?

The power of investing.

Not only investing large sums is powerful, I will show you that little amounts do count. If you don’t have a lot of money yet and can only set aside so little you are still way ahead of the crowd that spends paycheck to paycheck.

Lets see how much we can make out of this shall we?

Say we make around $1.600 a month and our bills are around $1.500, including some fun and savings money.

We have our $100 left over every month, we are young and want to do some investing. A very wise way to start investing is try to fail. Failing with $100 is fine, saving up 3 years worth of money and losing everything is like a personal stock market crash. So you don’t want to be ending up like poo that gets flushed down because of all the hectic on the market.

The market is mostly controlled by big investors, manipulators, stock market news, banks and most importantly emotions like greed & fear.

Always keep in mind that 80% of the stock market is controlled by people trading with greed & fear in their thoughts. You will also experience it. I had it and I sometimes still do, it’s just a fact about investing. You need to base a long term investment around principles. That’s why you need to research your investing a lot when trading in particular stock companies.

I would suggest if you are new and want to try it out a bit to go for index funds, ETFS and big blue chip stocks, these blue chips stocks are the gigantic companies like Google, Exxon, Amazon and Apple. These are mostly listed on the big stock exchanges like the DOW, S&P500 and foreign like the german DAX.

Most of these companies need money and time to get a significant return but you need to remember one thing. The guru from the stock market has explained it in 2 of he’s rules and these are DON’T LOSE MONEY. 

Yes these are the words of the almighty Warren Buffet.

This guy is freaking great regarding amazing long term returns and being humble as a poor guy living in the Ghetto. Money and humbleness, what a great way to be rich.

Anyway,

We have our $100 in our pocket. So what are we going to do with that money?

Invest it once?

Invest it every month?

Lets check out the possibilities here.

Investing $100 once.

We get our $100 dollar bill and put it in an index fund that follows the S&P500 or another exchange so we get a safe return on our money.

The average rate of return on the S&P500 over the last 90 years is around 9,8% a year. Meaning that the $100 you invested 90 years ago is now worth $653.011,54 !

That’s a lot of money right there.

A shame you can’t enjoy that because your body is already rotting away in that casket under the ground after 90 years. At least you made your kids happy spending all that dough you put away for them.

But let’s be realistic here, putting away some money for your children is fine but you want to be enjoying some of your hard earned money yourself right?

The S&P500 returns like 9,8% every single year are also not very realistic. 7% would be a safer bet.

$100 invested at 7% a year profit would still be $53.469,48. But that’s a lot different then the $653.011,54 you would have got netting 9,8% a year. Now you see what compound interest can do for you, just 2.8% more, but over the long run it brings such a difference.

If you count in inflation 2 % a year, your money is now worth only $8.917,95. That is a very big difference from that $53.469,48 or the big number $653.011,54.

You can see that keeping inflation in your mind is a very important key in making your money grow over the long term.

What about investing $100 every single month?

Now we know that investing $100 only once and waiting for a return of 3000% over 90 years is not really something we want to be doing, we are going to invest that $100 every single month and see if it makes a big difference.

We take our $100 every month and we are going to put it into our 7% S&P500 index fund. We are going to invest for 40 years which is way more realistic than 90 years.

Not including inflation your balance will be $265.643,62 after 40 years.

For setting aside only $100 a month and investing our money in an index fund, it’s a very nice amount of money to have at your old ages. It won’t last forever because it just aint enough. But its nicer to have an extra $270.000 to your disposal. Most people don’t even have a couple of bucks in the bank. So take the $270.000 or nothing? I would take the money every day.

The average 60 year old has $172.000 in hes retirement account. This is the average! meaning some are above that, but a lot of people are below that! That’s just insane. You really think you can retire on only $172.000?

Adding that extra $270.000 would give you a lot of extra money in such a situation. Getting you $442.000 in your account. Once you want to take 4% a year from that account is a heck a lot more than only $172.000.

4% on $172.000 = $7.000 a year. A nice addition in income if you work, but not something you can live off.

4% on $442.000 = $18.000 a year. a whole lot better if you include a pension, but you ain’t living a luxury lifestyle on $18.000 a year. You will need to be almighty frugal in your old ages to comfortable live.

In my opinion you need more than half a million dollars in your account to comfortable retire in your old ages. We are not focussing on retiring because the irony is that you will be looking into the ages where you are going to die. Nobody wants a lot money just to die right? But we all grow older and when we can’t do our work or we don’t enjoy it anymore because of our age we need the ability to ‘retire’ .

Personally I believe you will need to have at least 1 million or more to really retire comfortable. especially if you take in account that over 40 years, everything is more expensive because of inflation.

You don’t want to focus too much on retiring but you sure need to keep in mind that you need ‘some’ income once the capabilities to work are finished or you want to retire early.

Investing $100 once is not a good idea, investing it every month is a way better method to create a nest egg over the long run. You should be doing some of it, even if you are on dire straits.

Investing 10 – 15% of your income.

If you don’t have a very high income and you are an average person making around $26.000/ year. Which comes out around $2.166/month.

Take a look where you can cut some costs like Housing, your car or just plain buying too much Shit. If you can save some in monthly cost than great. You can use those savings for investing.

After you focussed yourself on saving some money and got your savings rate at 15% from your $2.166 income you are setting aside $325 every month. Once you save this for the long term, you are going to have a nice nest egg later on.

$325 invested every month for 40 years at a 7% rate, is going to be $863.341,77.

4% from $863.341,77 will be $34.533,67 a year.

Giving you an income of $2.877,81/month. That’s more than your income and all you have to do is invest that money every month in an index fund. No special things like bitcoin or real estate investing. No stress regarding get rich schemes and other bullshit.

Just keep putting that money from your account > your investing account, reinvest everything. When your old and want to retire take out 4% a year from that account > normal bank account and your set for life. Easy peasy.

You won’t get rich this way.

One word of caution, you won’t get really ‘rich’ this way. This just shows you the power of putting some of your income to work for your future. Everybody should do this to have at least some money for later.

The real way to get rich is to provide value for people and selling that value at a good market price, selling products or starting a company in simple terms. More on that later on.

Until next time,

Uuldriks Financial.

 

”You will not get rich saving a portion of your income.

But never saving is the way to being broke FOREVER.”

 

What is Minimalism?

Man,

Lets talk a little about minimalism shall we?

We all like stuff. We love our iPhones… we like our nice cars… and the houses o man it is al beautiful.

The problem is, that we get to attached to them.

There are people called hoarders. They take all that stuff and put it at a place they don’t even know where. And it all stockpiles up like nuclear weapons were stockpiled during the cold war.

how-to-find-preppers-in-your-area-fb

I tell you what, I rather be hoarding cash then have 10 stocks off iPad or 100 cans of dried food incase my house get bombed.

At least I can do something with my cash. You can invest that shit.

Anyway, the problem with carrying too much stuff is, it’s always there… You are thinking about it, it costs money and stressing about where to put it. Ah damn, I need another garage for this pile of shit I just bought, you say to yourself. Once you have another garage, you need to pay for that aswell. Another $100 bucks away every month just to hoard your stuff.

Well quit it, what the hell do you need with 2938 cds or 33 pants anyway? Sell it, give it or trash it. And then enjoy your freedom from all this ‘stuff’.

There is a group or cult people talk about and it is called old fashioned Minimalism.

I really love minimalism, all though some people take it way far. Living just with a mattress in a tent is not the idea I have regarding minimalism.

Hell, if you want to do that. Be my guest I don’t give a fuck.

But personally I also love the finer things in life. The idea is minimize to maximize. I understand that you want a nice house or be driving a BMW, and that is cool.

But learn to save on stuff or things you don’t like. If you can save yourself $50 every month because you change from a 5mb/sec to a 1mb/sec internet, then do it.

Just keep your old cell Phone that is just working fine for $40 and save yourself $1.000 for not changing to a ‘new’ Phone. Crazy how expensive these things are nowadays. By saving that kind of money, you can save yourself half a month time at work. So would you rather work or don’t spend that money for junk and save yourself time?

How much is your time worth to you?

You need to over think every purchase of trading that money for work. Work is not bad, there are parts of it everyone enjoys. But you ain’t wanna be trading that time meaningless to pay for your shit every month.

Lets say you make $20/Hour , you work 8 hours so you’ll be getting $160 a day. Then the Tax man is gonna get hes share, that is around $40 bucks in my country. So that means your netting an average of $15/Hour.

After a long week of working hard and hustling with your boss man, you get $600 on your account. Gotta pay them bills and car payments right! But your o so tired from working and don’t wanna be cooking all day, so you go to a restaurant with your partner.  After paying $100 for eating out, you think to yourself now we are here in town, we can walk a little bit and check out the stores.

So you and your girl go the electronic store and she says what a nice Iphone. I would buy it if I was you! And you are over thinking because its $1.033 this time. But what the hell man, she said it wasnt a bad idea. So you get a conformation to buy it and your heart is saying buy it. Gotta enjoy life you say!

Later that night you realized that you only had $300 after paying the bills. And you still went out to pay $1.133, netting you -$833 that week.

For only that week you have to work 3 more weeks to finally pay it off. You also believe that is dumb? Sure it is, if you want to go eating out with your girlfriend and enjoy that. Getting value out of a meal together once a week. Then sure!

It’s all about trade offs and what you really love to pay for. Personally I would take the dining out experience over a new IPhone everyday. Especially with prices like nowadays. Once you have a lot of money and you want to buy that IPhone without hurting your finances, you can buy it way easier and without stress.

Once your out of the zoo that is materialism, you can really set yourself up to be a unique ‘you’. Your friends are stilling buying all that shit what the marketing monster sells, but you are as free as a bird. When you cut your attachment to stuff, you have created freedom.

The money that you save from all these things the world has the offer, you can use it for what really fuels your fire on this planet. What do you really like? Don’t forget that what you really like can change in time, with the seasons. Summer & Winter. Night & Day. Hot & Cold. Up & Down.

  • If you are in your 20’s saving and buying experiences like traveling can be high on the list. (Personally we are in this stage).
  • Once you reach the end of the 20’s and going in your 30’s maybe you want to buy a house and settle down for a family.
  • After that you will be busy getting your legacy up and going, this going forward until your retirement age.
  • When you enter the age where your legs are too sloppy to move, then traveling we’ll get harder. Sure you have all the time in the world in retirement, but most likely your health won’t agree with your choices of Climbing mountains.

 

No disregard to elderly people, some of them have body’s and health a lot of young people can be jalouse of.

It’s all about freedom of choice. That is what money is for, fueling what you really want in life.

At this current moment my girlfriend and I really want to travel more, learn more from different kind of country’s, cultures and seeing nature at its finest. The second goal is building an income/business outside of our day jobs so we can have more freedom to do so. Saving a lot of money on our expenses and not buying crap every time we are in town.

On the other side we are also saving to buy a small house so we can save on rent, rent is very high here and we are off the believe that we are just throwing that money away every month. Renting is good, if you want to stay on a very short time frame. But we are staying here for a little while.

This is the reason we like Minimalism, we want to use our Money for things we really value.

We don’t value ‘stuff’ like a new Phone, new car or a new house. That doesn’t mean we don’t like it. A new car is very nice to drive and the features they provide are great! But I just can imagine paying so much money for something and a year later the value of that drops like a rock. It makes me ‘Uncomfortable’, that is what important. If you feel Uncomfortable once you want to buy something or you already bought it and you keep thinking about it, stressing you out. Then that’s your gut saying you made a wrong decision. You need to love the decision and have thought it over if it would bring you long-term happiness.

Do you save a lot of money on a House and you think one yearly vacation is enough? Hell, then that dream car you just bought is fine man. Enjoy it !

Like Apple and you ain’t paying that much in rent every month so you can stack money? Sure buy the new Phone every year.

Love a nice house where your family can comfortable live life and got a beater old car just for getting to work? Sure enjoy the nice house where you can rest and enjoy your family after work.

It’s all about choice in your life, that’s where the money is for.

Remember that.

Until next time.

Uuldriks Financial.

 

 

 

 

 

 

 

Are you in debt?

Are you in debt ?

A lot of people today are in debt, around 80% of people are in debt to somebody.

A big percentage of that debt is of course mortgage debt.

Mortgage debt is one of the debts I can understand, if you take a small mortgage and don’t spend more than 20% of your gross pay on housing than you got yourself some reasonable housing. Other than most people who are drowning in housing debt.

Our own housing payment is currently under the 20% I recommend, more like 11%, you can believe me when I say I have no stress regarding housing.

I once had a rental that cost around 30% of my monthly NET income, and even then I was stressedI just don’t like giving other people my fucking money.

Our article on housing debt Do you live for your house?

The rest of debt is student loans, credit cards, car payments and medical debt which I believe is one of the worst. People get sick and get debt to pay those bills, but every month you have to repay those bills you get a reminder of that terrible time again, again and again. Then you go to work to pay those medical bills, while there is a great chance the work itself created the sickness or accident.

Thats a nasty situation you got yourself in.

Debt is never good and you should get out as quickly, debt will hold any man stuck in his situation. I know the feeling myself.

Been there, Done that.

I thought it was so easy to get a ‘new’ car and got myself a beautiful thing called a Car payment. And what a mistake that was. Check out the idiocy that are Car payments

The feeling of having debt is the feeling of walking around with an iron ball stuck on your foot, you know what kind of one…. they also use it at work camps to keep you from escaping. Well that says enough.

The debt that nice banker got for you looks like a nice present to give. So you can easily afford everything, looks like they know how to sell it at a great rate, ‘you don’t have to pay 5.000 now, just 66,45 every month for 88 years’ .

Once you write down at the dotted line, you sold your soul to the devil, the ‘Slave master’ and now you are his Slave. And work 50 years for that shit called debt.

Well fuck that, doesn’t really sound like a great deal after all right?

Being a slave is the biggest misery some one can have, because it is sneaking into your life. The problem with debt today the day is that it is accepted in our culture. You keep paying it every month and you are thinking to yourself where the hell is all my money going.

You are making some banker rich. Because you keep paying those suckers, well I must say, if you keep yourself in debt… then you are the sucker. The banker is laughing all the way to his bank account, counting the 19% return he gets every month from your credit card. The average credit card debt is now $9.333 , that’s gonna be $147,77 every month of interest. That money is just gone man, gone forever out of your pocket.

And you keep slaving away your time away at some shit job. Just because you can pay them every, single, month.

You need to get rid of that shit man, you need yourself some freedom to do whatever you like. You gotta be going your own way. And your debt is getting in the way to make that even possible. Every time you want to make a decision for yourself or your family, you will always be thinking about that debt. And that’s why its holding you back like a prisoner in a jail cell.

Want to go on a cruise? No, daddy gotta work because them bills ain’t paying themselves.

Want to chill out and spend more hours with your family? Nope, you gotta make them hours count with your nice people at work because the boss need them hours too you know.

Just want to sit on a bench and sleep al day? No can do, because you are a damn debt fool.

PrisonersOfDebt_Logo

Anyway, the debt game is what the current system is all about. Civilization, The machine, The matrix, The empire or whatever the fuck you call it. They are making the system like this so you get stuck into it.

Once you start going to school they get you with credit card and student loans, because you need to be as hip as the other kids. You want that new flashy Phone, go out of state, live in your own place without ever going to work after school. But you know what? Those bills are stacking upon each other and once you get to work you start with a negative net worth.

Costing 1 – 3 years of your life, depending on how much debt you have. Don’t even get me started if you have more then $100.000 debt and your annual income is under $50.000. Then take out half a decade just to pay school back. Holy shit you really want that?

Once you get out of school, you still need to impress other people right? So you want a nice car and house, bringing your monthly expenses up to or over your income. Then you’re in a situation that stops you from paying back debt, working untill you are death.

If you keep going further in that situation you will become Bankrupt, you don’t want that, that will be going after you your entire life and sets you back at least 10 years of you life if it ain’t more.

Now that you know in what kind of situation you are, how are you gonna get out of that hole?

Fill it up with cold hard cash.

 

How to get out of debt

 

  • First: check what kind of debt you have and to whom you own it, then write it all on a paper. No, not on the computer you are watching this with, write it with Pen and Paper. There is something about pen and paper that gets you more going, like you are feeling that pain going off on that paper. So DO IT.
  • Second: write Lowest amount up and go down as the amount of money grows. Don’t mind the interest rate, just the amount of $.
  • Third: start looking where you can save some money, Gas & Electric, Groceries, Biking more, Sell your stupid house and move closer to work, in a cheaper house. Sell your expensive car and get a cheap, good gas mileage car (Beater Toyota or Nissan).  Everytime you save money use it to pay off that debt.
  • Fourth: once you saved as much as possible, start working more on your job if that is possible. Aint it possible or are you working 60 hours a week? Then try to start a side business, create an idea where you can make some money without a huge investment cause you ain’t got no dough to go.
  • Fifth: you are making more money then your expenses and using that cashflow to repay debt. Your now getting out of the ‘hole’ great, congrats on your first steps to a bright future.
  • Six: Once you pay 1 debt off, you use that money that you pay on the next debt. This is the snowballing way of paying off debt. Also known as the Ramsey way, he is a real hero regarding getting out of debt. Check out his site Dave Ramsey

 

After doing these 6 things you are on your way to getting out of debt. You’re a real hero that you are going to change your family’s future. Stay believing in yourself and you will get there, whatever you think with action added, you will attract.

Getting out of debt is mostly psychological, its biting you and you we’ll be thinking that all the money you use to pay of the debt is going nowhere, it’s just gone. And that is what is making it hard. But remember that the money you use to pay off debt, is saving you money. Saving you from paying ‘bills’ every month and not to forget all that interest you are saving.

Once you are out of debt, you can use your income to create a big legacy for yourself. You have the freedom to do whatever you want.

Start a business ?

Go on holiday a few times a year?

Save for your dream house?

Save for your dream car?

You can all do that ,

Once you are out of Debt.

 

Until next time,

Uuldriks Financial.

 

Why we work

You don’t want to work ?

Why not?

The reason most people go to work is that they need to provide and pay for stuff every month. Which is a shit reason to work, I tell you that.

I can completely understand that you need to work to provide for yourself and your family. Those are things you need to keep up and if you like your job then you will enjoy that.

But wouldn’t it be better if you can build something for yourself and not stuck to a 9 – 5. At least build something next to your job so you can have ‘more’ control over your life.

When you control more in life, you have more choices and you can provide a way better life for your family. Once you got have that, you can do what you want.

A lot of people get payed good money but they waste it on dumb shit. So the first choice you have to make is to get out of that sticky situation. You maybe got $2.500 a month coming in your bank account and wasting $3.000 a month… Wtf are you doing?

First get insight how much is coming in and where the hell you are spending that $3.000. Spending most of it on your Housing or your Car? Check this out:

When you got that figured out, find a way to sell those things and find a cheaper alternative. You have to live like nobody else does, once you get out of that negative situation, you can live life like nobody can.

And don’t even get me talking about credit card debt.

Get out of that situation now… you are making somebody else very rich, giving them 17% every time you pay your bill. Its insane.

Mostly its bullshit crap you could have payed cash for if you just delayed getting that new iphone, iPad or tv for a few months. That ‘new‘ thingy is by the way not ‘new‘ in like 2 months. After those 2 months Apple is already busy thinking about the new marketing strategy, so you can swipe your bondage card once again. Swiping yourself to work another 50 hours this week for that fucking phone….

Get rid of it.

Then save all of that money you don’t spend anymore. Once you have some money you can buy yourself the freedom of choice. To choose a better job or no job and focus that 50 hour a week on your own business. If you have $30.000 in the bank and little to no expenses you can go your own way.

You can also choose not to work for sometime and experience free time for traveling or experiences.

But.

A big but,

there is a double-edged sword with ‘not’ working.

If you think drinking pin a colada all day on the beach is something to live for, your living a very shallow life. You don’t want to die away that way, you need a purpose in your life and the best way is creating something. Once you build something ‘Great’, you can use that to inspire others and give back, like Arnold Schwarzenegger always said.

And this is true, I’m not some old grey guy that is giving you this advice. But once I helped somebody with something, I always feel great. Especially if you can find somebody that takes it at the correct way.

When you see this person thanking you for whatever you meant for them, you get the greatest feeling ever.

And this is the ‘purpose’ of good work.

No matter in what way you achieve this, through a ‘job’ or at your own ‘business’ .

Personally I believe your own business is way better, because there is no BOSS holding you off on your decisions.

in ‘Your’ business, you are the one making the shots. Not some jerk that can hold you back just because you wasn’t on that team building day, kissing his ass.

You know that feeling right? Your girlfriend, boyfriend, son or daughter comes to you, because they want some quality time with you. Your really love to go and cuddle or whatever you are into. Spending just time right? We’ll aint gonna happen because you need to be going or else your gonna late for work. Come on, that’s no life!

Enjoy your work, if you don’t, find an other way. Don’t give up, because you have your entire life the time to find out. Ain’t nobody too young or too old to start something.

The thing that you need to start is in your ‘gut’. You don’t know what you need to do? Well you already know every time you ask that question. What is the biggest thing you like and love doing? The thing that everybody comes to you for. You are the expert at that ‘thing’.

Selling furniture, fixing cars or cutting grass. Whatever you can think off, you can monetize on that.

So, get out of debt, be a minimalist, find a way to become good at something and give back!

That’s the correct reason to go to ‘WORK’.

Stay busy and creating,

Until later,

Uuldriks Financial.

You don’t need a car payment

The average car payment in America is now $500 a month.

Man, what can you do with so much money every month instead of giving it to the bank.

Start a business? Invest in stocks? Invest in fucking Bitcoin? Sure, you can do whatever the fuck you want and buy yourself some freedom.

You keep whining about how sucky your job is, but you still insist on driving your $650 dollar Mercedes, $500 dollar ford or $300 dollar Volkswagen to the office.

Why?

Because you think your coworkers or your boss is amazed that you drive that big Merc? Yeah, sure for like 10 minutes, then they forget about your beautiful car and they are back to their own life and worrying about their own car that is coming due every month for $500+ dollars.

I understand that you want a nice or new car and this blog is about nice cars, but don’t go into debt for a can on 4 wheels man. I really know why you do it, I did it myself a year ago. I drove a BMW 316i from 2001 and I thought to myself, you know what? I got a good job and its time to upgrade this piece of old shit, so I went to the Lexus dealer and got myself a IS250 from 2012 .

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It was a very enjoying car and it was very cool that everybody (coworkers) told me that the car was very nice. But after a week I kept thinking about this shitty car payment every month. It was around $300 a month, I could easily afford the car but the guilt feeling that I owned this money to the bank and needed to pay it EVERY month. I just couldn’t get over it, so 2 months later I returned the car to the Lexus dealer and got my money back. ( got very Lucky with that one) after that I bought myself a cheaper diesel car for traveling and work. No depreciating item, but stacking money time.

If you do this and save some money every month because you are not sending it to your slave master. You can stack that cash and buy yourself a nice used car for like $10.000, for that kind of money you can get a nice used luxury car and enjoy the same benefits as the new $30.000 car.

If you buy a new car and you drive it off the lot, the worth of the car is going down like the stock market in 2008. After that tragedy you find yourself losing 25% net worth in a few minutes.

$30.000 > $22.500, Damn that’s quite the investment you got going there.

Use that $30.000 to make some more money and buy yourself that supercar later on, delayed gratification it’s called, sucker.

Once you got patience, you can get rich. Trust me, after you get rich, you can buy whatever the fuck you want. If you are rich, you also don’t need to be going to that Job to work for your car. What are you going to do with your new car. once your boss says its time to go because the company got problems?

Then your stress levels will definitely hit records high like the NASDAQ at the .com bubble. Your big ass car payment of $500 and your $1.030 housing payment is going to crush your average savings that won’t even hold your head above water for a month.

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And then what? Your going to need to sell your car and your house with a huge loss because you ain’t got no options anymore. So free yourself from this bondage that is called car finance and even shittier, private lease.

The only way I can see you leasing a car is that you build yourself an empire called your own ‘Business’ wich makes you big money so you can afford to put the car as a business expense. You should at least have enough money. I would suggest if you can’t pay the car 3 times you ain’t got enough cash for such a money drain.

You want to lease on your business? Have 3 times the worth of the car in cash in the bank. Then you can do it and you won’t have problems with cashflow once your business has downwards moment.

In my opinion you should never finance and never lease, just buy the damn car and be done with it.

If you don’t subscribe to BMW finance and you stack that $500 every month in your bank account for 12 months, you can buy yourself a nice $6.000 car. Keep saving and upgrading untill you have your dream car!

After that you can use that $500 monthly payment for yourself and build yourself a great life.

So whatever you do, don’t finance a depreciating item. If you finance something, use it to make more money, called Leverage. After that buy your BMW or whatever you like.

Anyway, stack that money.

Until later,

Uuldriks Financial.

How to achieve Freedom

Freedom,

what does that mean for you?

Does that mean having a large housing payment to live in your enormous house on the mountain, overviewing Beverly Hills?

Does that mean having a big car payment so you can enjoy your new and depreciating car that you drive everyday to work, to impress your co workers?

Does that mean that you only take 1 holiday per year with your family because after a year of paying the bills there is nothing left over?

Does that mean that you work every week 60 – 80 hours to keep up with your bills and the Joneses that are stockpiled up to their eye balls into debt?

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Freedom, what it means for me?

It does mean having a small housing payment so I don’t live for my damn house and can save for my Freedom.

It does mean paying cash for a damn used car so there is little depreciation and you don’t have to work to pay an extra $500 every month. So you can put that $500 dollars a month to work for your Freedom.

It does mean having the monthly cashflow surplus so you can take yourself and your family more on holiday, so you can enjoy your damn life and your Freedom.

It does mean that you don’t have to slave your life away for a boss that doesn’t even appreciate you. Cut your work hours in half and take your Freedom to do whatever you want with the remaining hours, like building your hobby into a business.

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Once you have your freedom, you can buy whatever the fuck you want.

Cash is king, debt is dumb.

So stack that paper and enjoy your Freedom.

Until next time,

Uuldriks Financial.