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Business & Finance The SCG Show

Stamp Duty UK [ What is the Stamp Duty Holiday ] | The SCG SHOW Ep. #36

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In this video I explain what the Stamp Duty changes are in the UK. Rishi Sunak the chancellor announced a stamp duty holiday to boost property market in the UK, however what does that actually mean for you as a buyer?

Don’t forget to hit the like button if you enjoyed the video!

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Business & Finance

Money Mistakes That Keep You Poor

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Money is something what we all must have a good healthy relationship with.

And that is such an important thing to realize, you have a relationship with money.

Now I am not saying you will go on a date with your money, but you need to see your money or money in general as your best friend.

Let me give you a personal example.

One of my mentors is a frugal and phenomenally successful investor, who is very wealthy.

He screams abundance and lives an incredibly happy and stress-free life as his money works primarily for him.

So, when I asked him what his relationship was like with money he replied with the following:

“My best friend is my wallet, aka my money!”

I was a bit confused I never heard that statement before, and I was desperate to ask him in a little more detail of what that meant.

Basically, by “money being his best friend,” it means he can pretty much do whatever ever he wants, and it is always there for him.

People come and go,” he continued, “but I made sure I got into a position that money was always there for me.”

I found this philosophy fascinating and seeing him as one of my most important financial mentors, I was really impressed with how he viewed money in general.

Which begged the question, “what are money mistakes to avoid making money aka my wallet my best friend?”

And full disclosure I am not saying do not have any friends, but make sure your money works for you, not you work for money.

That is another problem most people have as well.

People are always chasing money, where as my mentor has found a way to make money chase HIM.

At the point of writing this, I did not realize that I was receiving money coming in from two of my several income sources.

And without realizing just like that “money is working for me.”

But what you do not realize is the years of hard work, and hours of blood, sweat and tears to get to the stage where money comes to me without really doing anything.

It is important to understand how big a factor your mind plays in this, and I have many videos on this channel discussing exactly how you can adjust your mentality so that you can attract money into your life effortlessly.

However, there are 8 mistakes you must avoid in the meantime when it comes to money.

If you eliminate these mistakes, I assure you, your life will change dramatically.

And full disclosure I am really annoyed this is not taught in schools, because this information can literally make or break a person.

And, most of your assumptions of money have either come from your parents, your boss, or friends you associate with.

It is time to wipe the chalkboard clean and go back to the drawing board.

#1 – Acting Beyond Your Means

This is a difficult one because it kind of contradicts what the law of attraction says, yet it doesn’t at the same time.

By acting like your rich, you become rich.

I genuinely believe it.

But by spending money like you are rich, when you are clearly not, is not a good idea.

Instead simply by walking, talking, and acting like you are, 100% works in adjusting your poor mentality to a rich mentality.

But spending all your money on an expensive car, house, or vacation is NOT the right way to do it initially when you cannot afford it.

If you are spending money to impress other people, then you are NOT living the right way either.

You should spend your money on what makes you happy, NOT what makes others impressed by you.

For instance, I bought an awfully expensive watch last year, yet I hardly wear it.

I wear the $50 one instead because, it makes me happy.

You must avoid social media too when it comes to money.

Every person is different with their money, and yes they may have fancy cars and luxurious lives but you do not know if that is funded by wealthy parents or they too have crippling credit card debt looming over them.

Never EVER spend beyond your means to flaunt a lifestyle you cannot afford.

That will set you up for crippling debt that will bring you to your knees financially.

#2 – Gambling, Cigarettes and Drugs

I have sadly to say spent and lost loads of money in my past on these vices.

There is a reason why they are called vices because they are destroying your health, and especially your wallet.

Gambling is literally like burning money, and I luckily have become free of this horrible addiction.

But cigarettes for example are burning a hole in your pocket daily!

If the average smoker decides to smoke a packet a day that is roughly $10 a day going on cigarettes.

That is $3305 a year on cigarettes!

Think about what you can do with that money!

You can clear credit card debt, go on a vacation, or even treat yourself to something luxurious.

Nothing good has ever come out on spending money on those three things.

Kick your habits in the butt as soon as possible!

I have said this before and I will say it again, but if you quit these vices you will become rich.

I am dead serious, please trust me on this.

#3 – Hoarding Cash

There is an old fable of a man who saved money for the whole of his life.

And he kept saying to himself “when I retire, I will be rich.

So, he saved and never invested a penny.

And the moment he finally retired; he was sat upon a huge pile of money.

But sadly, when his income stopped that’s where his problems began.

He had huge house repairs, he was living a life beyond his means, and slowly but surely his money completely disappeared!

The man died poor, even though he played it safe and never took a risk.

Basically, what can we learn from this?

If you hoard and be a miser, you are inevitably going to lose your money.

I have not even factored inflation at this point, and in case you did not know the value of cash and money itself is falling every year.

By simply not doing the right thing which was making money work for him, he worked for money and life inevitably told him where to put his money.

Instead he could have invested his money and made his money work for him.

So by the time of his retirement he would still have savings in the bank, but also multiple sources of income coming to him every month to fund his new lifestyle.

Never think just saving for the rest of your life and hoarding your money is the right approach because you will get burnt badly and that money will run out eventually.

It’s like those who inherit money from wealthy family members and are useless with money.

Chances are they will blow all that money on fast cars and big houses only to find that they never invested and cannot afford their lavish lifestyles.

#4 – Bad Investing

Now I am not a financial advisor, you should always seek the advice of a trusted professional in where to put your money.

However, let me give you a personal story of somebody who invested badly.

Shortly after the 2008 financial crash, a guy I know inherited money from his dead grandfather.

It was a substantial amount.

Then he received a financial tip from a person he barely knew that “property in Eastern Europe is cheap and a sound investment, guaranteed to double in 10 years.”

Without hesitating, he took a flight over to that country he was advised to invest in and invested ALL of his inheritance without consulting anybody.

5 years later he lost 50% of his money, the market of that country collapsed, and the houses he bought were not structurally safe either.

FYI I am not saying Eastern Europe is a bad place to invest!

I am saying he just went on a hunch and invested his money with no research at all and got severely burnt.

He also paid over the odds because he knew NOTHING about what he was buying.

But guys, that’s why we have the internet, mentors, advisors who are experts.

Do NOT be like this guy and be so reckless with your money!

With the amount he lost he could have bought 2-3 homes in London and been well off financially!

Instead, he felt greedy, was rather foolish and lost a fortune.

#5 – Not Covering Expenses

When I was in my 20’s I was useless with money.

Let me emphasize that I was USELESS!

I had NO IDEA what I was earning, or what I was spending.

I just used to go around and think money will always be there working for me, and I spent way beyond my means.

However, when I had business problems a few years back, that was when I was truly on my knees confused about what I was doing.

It was that moment I spoke with my father, who was an accountant of all things by profession and I asked him how to handle my expenses.

He told me to get open an excel spreadsheet, sign up to internet banking (which I didn’t have), and total up my expenses.

Then after doing that he advised me to multiply my monthly expenses by 3.

His advice was simple, “have 90 days’ worth of expenses, at all times, as a safety net if things god forbid go wrong.”

Ever since doing that, I have managed my money so much better.

By those who are living pay check to pay check, and living for the moment is only good short term, because life is a marathon not a sprint.

Total your expenses and do the 90-day expenses fund and leave it somewhere that it CANNOT be touched too.

This is the epitome of the rainy-day fund, and it will save your backside if need be.

#6 – One Source of Income

A guy I know personally was really successful at his job, and earnt a really good salary.

However, by doing so, he lived the good lavish lifestyle, fast cars, huge apartment you name it.

But suddenly, the recession happened, and through no fault of his own he lost his job.

He worked in a real specialist field, and there were no jobs like what he had at all.

He also blew all his money on unnecessary expenses.

And by doing this his one source of income disappeared making him financially bankrupt.

The secret to financial success is to have multiple sources of income.

Just today I received two payments from two completely different sources.

It is time to diversify your portfolio or to have several jobs or hustles and to NEVER rely on just one thing.

Those who truly master this become multi-millionaires.

#7 – Afraid to Take Risks

Think back to the frugal man who saved all his life for his retirement.

Risk takers are successful.

However reckless risk takers are losers.

There is a huge difference in the two.

When I first invested in real estate, I never bothered checking how much the property went up or down, because I am in it for the long haul.

I do not like quick money scams, or fast money opportunities.

I like the long run.

Look at my brand SCG SHOW I have not earnt a penny from it, but I see the bigger picture.

By working hard and building up my brand, in the future it will generate me money.

The risk I have taken is time, and energy because I believe in the project.

If you have money sitting in the bank collecting dust and losing value due to inflation, why not TAKE it so you can get it to produce an income.

Speak to a financial advisor and do not be afraid to take calculated risks.

A calculated risk, is one where you have weighed everything up and said, “it looks viable lets go for it.”

Do not feel scared, trust yourself and do not put all eggs in one basket.

Nobody did not get successful in anything in life without taking a risk.

#8 – Living for Today

Here is a perfect example of someone I know.

He was living pay check to pay check and he had a pretty average job as a chef.

Suddenly he thought “I want a new car!”

So he went an put a deposit down on the best sports car he could afford.

This guy literally had only $500 in his bank account.

Suddenly the pandemic happened, and he was fired instantly.

Sadly the restaurant never reopened, he also couldn’t find another job.

And now last I heard he was eating a cup of beans for dinner every single day.

So, my point is amazingly simple do not live for today.

Yes you can treat yourself occasionally, but living for today only damages tomorrow.

Let me tell you something you can bargain with the future for making sacrifices today.

So by NOT overspending, especially on fast cars and expensive items, you can bargain with the future to have enough money to spend it on a bigger house, a nice watch, or a luxury vacation.

These are money mistakes that you must avoid to have a better financially independent lifestyle.

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Business & Finance The SCG Show Trending

Is it a Good Time to Buy Tesla Stock? [ Is it TOO LATE to Buy Tesla Stock? ] | The SCG Show Ep. #34

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In this video I ask if is it too late to buy tesla stock?

Categories
Business & Finance Self Improvement

The 5 Hour Rule

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Discipline is especially important in this time pre, post or during a pandemic.

By discipline I am referring to expanding your knowledge and wisdom to become a better version of yourself.

As a former addict, I realized that the better version of myself.

The only way anybody can improve themselves properly is by learning.

By learning and adapting your brain and soul you can do extraordinary things.

Some of the greatest minds in the world such as a huge influence of mine Warren Buffet, is an enormous reader.

So what exactly is the 5 hour rule?

Let me explain.

From what I understand, the 5 hour rule is about allocating 5 hours a week Monday to Friday to learning.

The top CEO’s and entrepreneurs and experts in their fields NEVER stop expanding their knowledge.

Therefore, there is no real reason you shouldn’t be doing the same either.

So I know what you are thinking “but I don’t have the time I am extremely busy.”

Well look at former President of the United States Barack Obama.

Being a President is a pretty busy job right?

Well Obama STILL dedicated time to learning and expanding his knowledge, and even said “I would not have survived in the White House without reading certain books.”

The president dedicated time to read, so he can lead.

Think about what you can achieve!

Whether it is on your commute home or to the office, that period whether it be 15 mins or 60 mins can be dedicated to reading.

There is something special about reading, here is my take on it.

It relaxes me, it also expands a part of my brain technology, social media and even friends and family cannot.

It forces me when holding the book or kindle in my hand to actually expand my imagination.

It makes me actually picture what is being described to me in the book, whether it be fact or fiction.

And by the way guys, fiction is actually great for your brain.

Because it forces you to imagine places and creatures that are not real.

So don’t think you have got to read self-help books and history books at all.

No way!

Reading itself calms your mind, lowers your heart rate to a relaxed almost meditation like state, and triggers endorphins!

Also you are opening up receptors in your brain that nothing else in your body can!

Think about it, you do the 5 hour rule for an entire year aka 52 weeks that’s 260 hours dedicated to improving your thinking.

So firstly dedicate time every day to reading.

Even if you are not a reader, do not fret you have audiobooks!

Yes if you drive to work you can kill time listening to the audio version of that very book you were set out to read.

That way, you are killing two birds with one stone!

Reading and driving!

Learning while driving!

Discovering audiobooks truly changed my life.

So you have no excuse!

Remember this quote from Abraham Lincoln, “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”

Let me now discuss how you need to be when it comes to reading.

So firstly lets begin with reading itself.

Do not read a book while driving or operating heavy machinery.

Obviously!

But even if its 20 mins, 10 mins, anything read!

Yes, get the book out and read.

Or do what I do, buy a tablet and read on kindle!

I find the kindle a life saver as I read a lot of books, and it is so light I can take it with me on a plane, train, bus wherever!

It is so much more effective and easier to use.

So firstly dedicate the time and try your hardest to find at least 5 hours a week.

By the way spread it out, if you can only do 20 minutes Monday, try for 40 minutes Tuesday!

But make sure come the end of that week you have hit that 5 hour target.

The next thing to do is reflect.

Think about what you have just read, or listened to.

And when I mean think I mean truly put the book down and try to emphasize with the character if a fiction story, or even the person sharing their experiences if the story will be true.

Try to put yourself into the shoes of the author or the person who has shared their story.

Realize that there is a reason why the book was written, to teach a lesson, share an experience, or better yet to entertain you.

Or even to motivate you through a difficult time or a problem you had no idea how to resolve.

Sometimes its easy to go onto YouTube or Google and search the answers.

But when we take the time to truly listen to each other, and reflect, that is where the magic happens.

Which leads me to the most powerful and important tip of all when it comes to the 5 hour rule.

And in fairness I stole this from Dr Jordan Peterson.

Well adapted lets say, and he says “to measure whether you truly listen to somebody is to explain back to that person in as much detail what they just said to you.”

Take this with the book you are reading.

So if you just reading a story about how to start a business and the chapter be about “raising money,” dictate to yourself or to a friend of family member as much as you can.

Go into as much detail as possible what you learnt, or if you want to start this yourself go ahead.

Sometimes we just read or listen, and nothing sinks in.

We want our receptors in our brain to be on, and therefore the way to truly ignite that is to explain after reflecting what you just read.

That way your brain has truly taken it in, and suddenly you’ll awaken things you never thought your mind can achieve.

Try it, and let me know how you get on!

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Business & Finance Trending

Prince Harry To Partner With Goldman Sachs For Billions!

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Following his talk at JP Morgan, Prince Harry is rumoured to be in negotiations for a massive deal with Goldman Sachs!

Watch the video now for more information!

Categories
Business & Finance Self Improvement

Should You Quit Your Job?

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“Choose a job you love and you’ll never have to work another day in your life!”

Most people live in quiet desperation without realizing it.

They get up, brush their teeth and wash their face starting the commute to the job that literally brings them no satisfaction at all.

Just the other week I was with my brother who tried to convince us all he was happy in his job.

He is a teacher working in a miserable school, with miserable people.

For the past few years he has managed to increase his salary, and tried to move as much as a teacher can, but it has been as plain as can be on his face he is utterly miserable.

We asked him how he felt about a family vacation in the near future to which he replied “it all depends on where I am with the school, I am thinking of quitting.”

I never was one to criticize anybody for their choice of career or job, but I cannot help myself when it is ruining your life.

Most people are unsatisfied with their jobs and it makes them upset and almost unbearable to deal with in the process.

They make out they are happy, insist they are doing well, that all is ok.

Then the next thing I see is them overeating, drinking a little TOO much on the weekends, and above all their actions do not meet their words.

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Joe Rogan who is a successful podcaster said the following;

“For me, I hate the four day weekends that come around, I just want it to be Monday, because I love so much what I do!”

Do you want to survive or thrive?

Why do you want to suffer in quiet desperation in a soul destroying, ominous awful job that offers you absolutely no satisfaction or fulfilment?

I know people who are in god awful jobs who just love going to the bathroom to check social media as that is their only escapism from their awful work routine.

Read the following from a candidate for the House of Representatives in the US;

“I’ve quit five jobs.

I’ve given a two weeks’ notice each time.

I was let go each time before the two weeks were up.

The moral of my story is we are all replaceable.

Does your employer really care about you?

Is the extra work worth it?

Is the mandated overtime worth it?

We are all disposable.

Go home and spend time with your family.

Use your vacation time.

Take a mental health day.

Hit the gym.

Make time for your hobbies, interests, passions and personal development.

Make time to live your life.

We can’t get our time back.”

Did any of the above really hit home with you?

Why not instead of drinking and partying or binging on Netflix spend your time on a passion project?

Isn’t a passion project a better escape and route towards your happiness than your crappy job?

Look at SCG SHOW.

I have had enormous setbacks, horrible deals fall through, personal issues and so on.

Yet it all has led to the creation of SCG SHOW, and I am devoting all my time to it because I believe in myself and my project.

There is nothing more fulfilling that creating something yourself, and selling it to the world.

Rather than sitting in a little cubicle like a square peg trying to be forced into a round hole.

Remember you are making money for your boss and the board of directors.

They are the ones profiting off of YOU.

No matter how hard you work, or what you contribute you are unfortunately replaceable.

You are just a number, another rat on the hamster wheel.

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There is a reason why it is called a rat race.

I get it, you are probably trapped with debt, or student loans, kids, bills to pay.

But what about the time where you are normally destroying your body – aka time not spent on a passion project.

You have a gift to offer this world, and you don’t realize it.

You are more than your jobs, your debt, and your commitments.

Set aside daily time to work on your projects, and trust me if you work hard enough you will reap the rewards.

I always intended to work for myself, and I am so blessed that I do.

I remember going to some very rich areas near where I grew up to be inspired by those around me.

And the millionaires I met and spoke to were nowhere near as smart as me.

But they had something that I had, and that was the belief and determination to succeed.

So I have taken risks and believed in myself to become my own boss.

But that doesn’t come without discipline, hard work, dedication to a cause.

If you work hard at your job today you will hopefully pick up a salary by the end of the year assuming nothing goes wrong.

If you work hard at your passion project your life will change for the better in the near future.

Would you rather invest in yourself or in a company who can let you go at any given second?

Remember the older you get the less you do.

So the more responsibilities you take on i.e. mortgages, kids, more debts the less time and energy you have to dedicate to something worthwhile.

Rather it is beneficial while you are young to go ALL in on your work.

But be warned, do not listen to fake gurus online who tell you how to quit your job in exchange for a course worth $5,000.

I know you may be willing to quit your crappy job, but these scumbags are just trying to profit off your desperation for change.

If you do what is easy, your life will be hard.

If you do what is hard, your life will be easy.

But before you decide to quit, plan what you are going to do, get a calendar set realistic targets and just bloody go for it.

It is much worse to quit your crap job and then find yourself in an even worse one without a clear plan or goal to stick to.

Lastly no matter how old you are, or what your background is it is not over to change your life my friend.

You are just stuck, that is all.

Time to get unstuck, and thrive!

Categories
Business & Finance Make Money Online

Legit Ways To Make Money Online 2020 | [ How to Earn a Second Income ]

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“The more you learn, the more you earn”

There are plenty of internet gurus out there telling people how lavish their lifestyles are etc, but they are rarely actually giving helpful tips into how to make money online!

Making money online is easy for some but difficult for many.

They are lazy, lack the knowledge, or are trying to scam people into purchasing a course that just upsells them continuously.

I am here to let you know that there are actually legitimate ways for you to make money online and passively depending on how you set this up.

I have had personal experience in all I have suggested and have made money through all of the following methods.

So rest assured you are in good hands, and do not worry you will not be signing up to any course or any upsell.

These are all legitimate and established websites where you can start earning from within the hour.

But full disclosure here, I am not a financial advisor, if you are seeking more professional advice please reach out the right people.

I am just a guy who has made a living online for the last ten years, and will hopefully continue to do so.

There is no limit to what you can achieve online, the internet is constantly expanding and growing.

With hard work and determination you can earn money online, and the secret is to also have multiple sources of income.

“Do not put all your eggs into one basket.”

Let’s begin:

ETSY▶️

I have done a post on Etsy previously and simply put it is a fantastic way to make money online if you possess any artistic skill at all.

“Etsy is an e-commerce website focused on handmade or vintage items and craft supplies.

These items fall under a wide range of categories, including jewellery, bags, clothing, home décor and furniture, toys, art, as well as craft supplies and tools.

All vintage items must be at least 20 years old.”

I would highly suggest selling printable artwork on Etsy, as there is no stock to hold onto, no cost other than the cheap listing fee, and its 100% pure profit!

Etsy has millions of buyers on there every month, and who knows what you can achieve if you tap into the right niche!

YouTube ▶️

Starting a YouTube channel can literally change your life.

You will be tapping into the second largest search engine in the world, and I have seen YouTubers grow from 0 to 10,000 subscribers in just a year alone!

The way you can make money with YouTube is almost endless;

  • Adsense after you get monetized
  • Sponsor deals
  • Affiliate links
  • Sell products
  • And so much more!

Start creating today – do NOT miss out on this opportunity!

It is NEVER too late to start YouTube, and remember whilst you are sat there watching a YouTube video someone is earning money for it.

eBay ▶️

Dropshippers on eBay in 2019 alone made over 6 figures selling such random stuff online!

But if you prefer going for a more legal and legit approach you have several options.

One is similar to Etsy and it is to create your own handmade goods, as eBay has millions of buyers every single day.

Another approach is to partner up with exclusive companies who do not sell online and act as their reseller.

This won’t count as dropshipping because you are the exclusive contact and these companies might sell high ticket items which you can make a huge profit off of!

Simply put their items on eBay and put a nice margin on top, then when orders come in use the money from the customer to pay for the item from the supplier and you’ve just made a tidy sum!

It’s THAT easy!

I made several thousand doing this in Q4 2019, and I was selling handmade goods I was making for the Xmas rush!

Do not underestimate eBay!

Kindle ▶️

I first published my book in 2017 on Amazon here.

Easily one of the best achievements of my life, and if you consider yourself a writer you can publish your book on there too!

It can be about anything you want, just make sure it’s not too graphic and goes with Amazons policies and terms.

So when you publish your book onto Amazon, it can be either for Kindle or Paperback.

I strongly recommend you opting for both!

Since doing so, I receive a commission for every book I sell, it is so easy.

But I worked VERY hard on writing, editing and publishing, but depending on how quickly you can write, you can write several books a year!

3 years later people still buy my book and I earn commissions for it, so get your typewriter out and start writing!

Clickbank ▶️

Clickbank is very simply a marketplace of digital products from all sorts of niches and backgrounds.

It is totally legit, and safe.

Here is the best part, every time you make a commission from someone buying a product from your affiliate link provided by Clickbank, you get it paid into your bank account within the next week!

On top of that, some products have recurring programs, so if you get 10 people to sign up to a $100 program, you make $1000 a month literally by doing nothing.

Clickbank is fantastic and has made plenty of millionaires over the years.

I remember going to the movies with my girl, and coming out 2 hours later to login to Clickbank to find I had made $250 off a product I had linked weeks ago on a forum for weight loss.

That is the power of passive income!

Fiverr ▶️

Fiverr is a marketplace for online services such as make a logo design, provide a professional voiceover, and so much more.

Don’t be misled by the name, you can charge whatever you like for your services!

I used to make so much off of Fiverr when it first launched by just providing voiceover work because I had a British accent!

Do not waste time, if you have a specific skill check out Fiverr today!

Coaching ▶️

Online Coaching has made the likes of Sam Ovens and plenty more multi-millionaires.

Because people will pay top dollar for advice on things they do not know the answers too.

Now please be legit, do not say you are an expert on something and not provide value.

I provide Coaching on what I am an expert in, and I back it up with evidence and proof.

So perhaps you are great at giving advice on relationships, or marriage or health.

Get your brand name out there, build a following and people will eventually if they like what you are offering in terms of content will start to become regular clients of your Coaching services.

Shopify ▶️

Shopify is a subscription to a software service that offers you to create a website and use their shopping cart solution to sell, ship and manage your products.

Using their service, you can get an access to easy to use admin panel where you can add products, process orders and enter store data.

Shopify is an easy way to create your own online store and sell whatever it is you want.

Pick a niche, design it easily with Shopify, and start marketing it out there.

Be wary of gurus telling you how much they make from Shopify, do your own research.

Shopify is just a software service, you have to drive your own traffic to it and grow it yourself.

For a free trial to Shopify click here.

Print on Demand ▶️

Print on demand, as the word explains, these are sites where printing is done in small quantities based on the order.

Unlike publishing houses and garment companies which print books or apparels in bulk; print on demand sites & services are more customer need based.

Print on demand has made more millionaires in the last 24 months than almost any other making money online idea.

I sell my own merchandise on Teespring here.

There is no stock for me to hold, and I get a cut of every Print on demand product sold!

So if you fancy yourself a designer, start creating gear and on Teespring today, just make sure it’s nothing copy written!

Social Media Adspace ▶️

Now the last way is to sell Social Media Adspace on your accounts.

I know somebody who has over 50,000 followers on their Instagram page, and he charges $100 for companies or brands to place their url in his description.

So if you have a big following start selling your ad space!

People make over six figures annually by just doing this as they have huge followings to allow them to.

You can do the same, or if you don’t have a large amount of followers spend one year posting consistently every day and you will get results I swear!

Categories
Business & Finance Make Money Online

How To Make Money on Etsy 2020 | [ My Proof of Earnings! ]

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How to Make Money on Etsy (My Proof of Earnings!)

Exactly a year ago to the day, I decided to start selling on Etsy!

For those of you who do not know what Etsy is:

Etsy is an e-commerce website focused on handmade or vintage items and craft supplies. These items fall under a wide range of categories, including jewellery, bags, clothing, home décor and furniture, toys, art, as well as craft supplies and tools. All vintage items must be at least 20 years old.

As somebody who has a background in making money online, starting on Etsy still was no easy feat.

Yet I set myself a target of focusing in 2019 to build up my store and my brand on the platform.

What I did initially was research exactly what I could do to sell on there.

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I had a tiny bit of experience previously with selling on eBay and Amazon, but Etsy seemed most intriguing to me.

My background was digital marketing and I considered myself a bit of an artist, so it looked like a lot of fun!

With that said, I decided to start selling art printables on Etsy.

Art printables are like pieces of artwork that I create on Photoshop or Canva and they are digital products that customers can download and print for themselves.

Take this for example:

So this delightful little fellow is a piece of art I created, and therefore, when somebody purchases this art printable through Etsy, they will immediately receive the PDF and PNG files.

That means, they will receive with no watermark the original print that they can get framed, enlarge, or place wherever they like!

That is why I worked hard to create over 1000 different types of prints, artwork, typography and similar digital products.

Here are the statistics for my first year:

So as you can see for the last 12 months or so I averaged over 29,000 visitors directly to my Etsy store!

I found that to be incredibly impressive, seeing that I was not established, and completely brand new with no reputation.

In that time frame I managed to make over 361 sales, but the actual figure is 375 sales!

This is because Etsy doesn’t factor in the stats people buying more than one product which a handful did.

My conversion rate was 1.2% which I believe again is excellent especially for a brand new store!

And finally my revenue was £2,982!

Not bad for year one, considering that art prints do not have any expenses!

That’s what I loved about creating them, is that they are pure profit.

Having said that, my biggest expense of course was the time and energy spent creating them all.

However, I was happy because I averaged a sale a day, and that was my target and the beautiful thing about Etsy is that it can be passive!

But remember you don’t have to just sell art printables, you can sell handmade jewellery, vintage clothing, bracelets, and stickers whatever you like!

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Let’s have a look in a bit more detail my statistics!

So Etsy sent me 71% of my traffic over the past 12 months which is pretty awesome!

That means that through their search, their front page, and recommended, my products were ranking and getting a lot of traction!

In case you didn’t know as of December 2019, Etsy received almost 229 million visitors!

A large majority of Etsy’s users and customers are in fact female, with money to burn!

So if you create the right products for the right customers you will see some excellent returns indeed.

The remaining 29% of my traffic came from direct.

To this day I am not really too sure what direct traffic meant, seeing that I have only just created SCGSHOW.COM in early 2020, so who knows I am not complaining!

And the 1,384 came from social and that was mainly from my Pinterest.

I managed through hard work, patience and determination to build my Pinterest monthly impressions to over 50,000 per month in my first year!

That means 50,000 different people every month are seeing my pins, and products!

Pinterest is in fact the 3rd largest search engine on the web, after Google and YouTube.

And, Pinterest also has a large audience of female buyers who earn on average over $50,000 per year.

Shop owners and Etsy sellers have realized this and capitalized on this massively.

Do not worry it is not too late to start at all!

This is PlannerKate1 who sells sets of stickers on Etsy for around £4.80 per set.

She has been on Etsy for almost 6 years, and has made over a staggering 860,000 sales!

That means her turnover is easily over £4,000,000!

Just from selling stickers on Etsy!

Think about potentially what you can make if you work hard, market yourself and put out the best products you can!

Whilst my Etsy earnings are not massive right now, what I love about it the most is it purely passive.

So every time an art printable of mine is sold, the profit goes straight into my account.

I had sacrificed the blood, sweat and tears starting from absolutely zero to build a reputation.

But my goal doesn’t have to be the same as yours of course!

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If you want, you can go full time on Etsy, but you got to be able to do the work.

You must network with the right people.

Be willing to advertise everywhere.

Become a master at SEO.

Understand that success takes a lot of time.

However as you can see from plannerkate or a complete beginner like me it IS possible to make money on Etsy!

What I love is having been able to create artwork and prints that I could be proud of, and I am happy to admit people were satisfied with the services I provided.

Yet there are people out there making over 1000 sales a day due to millions of visitors Etsy receives on a monthly basis!

Don’t wait until Etsy becomes the next Amazon, and it is beyond competitive to get your foot in the door!

Start now, and please feel free to share your stores below and good luck in your ecommerce journey!

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Business & Finance

Truth About Real Estate Investing | [ How to Be a Full Time Property Investor ]

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This video and article is for educational and entertainment purposes only.

I am not an attorney, CPA, insurance, or financial adviser and the information in these videos/articles shall not be construed as tax, legal, insurance, safety or financial advice.

If stocks or companies are mentioned, SCG may have an ownership interest in them.

Don’t make buying or selling decisions based on SCG’s videos.

If you need such advice, please contact the qualified financial or legal professionals.

  • Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
  • “Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy!”
  • “Buy land, they’re not making it anymore.”
  • Some people look for a beautiful place. Others make a place beautiful.”
  • Landlords grow rich in their sleep without working, risking or economizing.”
  • “Don’t wait to buy real estate. Buy real estate and wait.”
  • “To be successful in real estate, you must always and consistently put your clients’ best interests first. When you do, your personal needs will be realized beyond your greatest expectations.”
  • “Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.”
  • “The best investment on Earth is earth.”
  • “Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.”

Some of the wealthiest people on the planet and throughout history accumulated their vast fortunes from real estate investing.

As somebody who has over a decades personal experience in real estate investing, and have known and seen people become hugely successful in the same field, I wanted to offer my two cents on the subject.

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We see a lot of online real estate guru’s highlight the following information:

  • Make money off real estate
  • Buy real estate with NO down payment
  • Become a millionaire by investing real estate etc.

Now everybody has an angle or a hook when it comes to real estate or any type of investments e.g. stocks, shares, Bitcoin or whatever.

But ultimately let me clear up a very important point:

YOU DO NOT GET SOMETHING FOR NOTHING!

God forbid a relative passes and you inherit a portfolio of real estate, without hard work, the right contacts and money, you will not be successful in this bracket.

And let me clear another thing up:

MOST GURUS ARE JUST TRYING TO SELL YOU THEIR PRODUCTS!

Yes, they are selling you the dream, promising you the world, if you just pay $500 for their expertise or Udemy courses.

I have no problem with people selling anything, business is business.

But if you honestly think you are going to become a millionaire because a real estate “guru” has all the answers, you are badly mistaken.

The truth is, you need to educate yourself on the subject.

Investing in real estate is putting your money into bricks and water.

You are buying a piece of land, or a piece of a building to profit off of.

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It is as simple as that, but have you factored the following in:

  • Deposit
  • Agents
  • Solicitors
  • Council tax
  • Service charges
  • Ground rent
  • Letting agreements
  • Maintenance

Sadly the beloved gurus who are making a fortune off their courses may be giving you some wise advice, but at the same are leaving out the harsh reality.

Say you buy a property, and you rent it out, what are you going to do in the following scenarios:

  • Your tenant decides to stop paying
  • Your agents don’t pay you
  • Your property gets damaged by your tenant
  • Drugs are being dealt on your land
  • Your tenant is illegally subletting

I have had first-hand experience in all of the above – not pretty.

This is what is part and parcel with investing in real estate, and it is hardly ever discussed!

If you think that you are just going to kick back and get money in for doing nothing (there is SOME truth about that), but the reality is, you WILL get involved.

I have had both experiences:

I have spent the summer dealing with my real estate portfolio and sacrificing my vacations to get so many problems sorted.

But also:

I have laid on a beach and see passive income come in from all my investments.

Like all investments and my disclaimer at the top of this article there are NO guarantees in anything in life.

This is why you must properly educate yourself on every aspect of the idea of real estate.

Don’t get me wrong a GURU may have a large portfolio and be very wealthy, but how well do you REALLY know this person?

I was largely influenced by close friends and family who I saw first-hand built up their real estate portfolios themselves over the years.

I didn’t buy a $500 course from a stranger on the internet.

Start networking, find likeminded people, and talk to your accountant or financial advisor:

“I am thinking about investing in real estate, where should I start?”

The best place to start is networking and speaking to the professional people, it’s exactly what I did.

At the beginning I was a rabbit in the headlights, I am embarrassed to admit I didn’t even know how a mortgage worked back when I started.

Unfortunately you will get badly burnt like in any investment without the knowledge, the experience, or the understanding of what you are getting yourself in for.

Also, things take time, if you invest in real estate today you WON’T be a Millionaire tomorrow.

I am patient, I know to sit comfortably and wait for the acorns that are my investments to truly become the trees they are hopefully destined to become.

However this quote really rings true:

  • “Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.”

Regardless, I wish you all the best of luck in your endeavours.

Categories
Business & Finance Self Improvement

How To Become Rich in Real Life FAST! | [ Difference Between Rich and Poor Mentality ]

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In this video I discuss the difference between poor and rich mentalities.

Many self-help gurus promise you the world when it comes to financial abundance:

“Do this to become rich!”

“Make money like this!”

“Apply this strategy to become rich!”

Everyone on the planet is constantly looking for different get rich quick schemes in order to hit the jackpot and become financially free!

However did you actually know that, there is a way to think and grow rich!

Yes the famous book “Think and Grow Rich,” by Napoleon Hill is a timeless classic on that very subject.

It emphasises that through the power of the law of attraction you can actually attract wealth into your life.

I applied the very same metrics and can safely say the principles DO work, and can be simply mind-blowing!

For me, a large part of attracting wealth delves down to mentality.

This can be applied pretty much all walks of life, in the sense that if you believe that you are going to achieve something with all your might, it will happen.

Bob Proctor who is a leading speaker on the subject of making money come to you in abundance actually believes the following regarding money:

“Money is only used for two things.

One, it’s to make you comfortable, and the more comfortable you are the more creative you will become.

And the other purpose is it enables you to extend the service you provide far beyond your own presence.”

Believe it or not, you may be doing things without realizing it and that is effecting your wealth and financial success.

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The person who sits on their ass expecting money to fall in their lap, may succeed to a degree.

They may get lucky with the lottery, or an inheritance out of nowhere.

But the people who truly think like the wealthy and successful, can and will attract amazing things into their life almost instantly.

Thinking in a poor mentality, and in the place of lack, will attract more negativity and more frequent awful outcomes into your life.

So there are fundamental and vital differences between a poor and a rich way of thinking.

If you truly wish to become rich, I suggest you change your mentality ASAP!

Here are 7 different reasons between poor and rich mentalities:

1. Poor people watch TV – Rich people read books

The old advice “reading broadens your mind,” is so true.

Expanding your knowledge, beyond the niche or subjects you wish to research is how the rich become the top 1% of society.

The poor however, binge on Netflix and hardly expand their thinking.

They are too lazy to pick up a book and improve their brain power.

With more blood pumping and a brain at full capacity, you will have ideas flowing to you from the great beyond to become rich!

Remember all it ever takes to be successful is one really good idea.

2. Poor people get paid based on time – Rich people get paid based on results

When I worked in a boring admin office job, all my co-workers were clocking in and out, waiting for 5pm and praying for the weekend to come ASAP!

They hated their jobs, lacked ambition, and ultimately put in a half arsed job to bring home a mediocre salary.

Whereas the rich get paid on the hard work they do in creating products, selling, providing services, and meeting their own deadlines.

There is no time off for the rich or the entrepreneur.

They work all hours to reach their targets, and goals because the sky is truly the limit.

However the poor, their limit is 5pm, Monday to Friday.

3. Poor people blame others for their misfortunes – Rich people take responsibility for our own failures

It is very easy to blame the government, the weather, the traffic, your boss, your spouse for all the reasons why you didn’t achieve your goals or are not financially free.

This is a very common trait amongst poor unambitious people.

However, the rich take responsibility for everything – especially their losses.

So when it goes south for them, yes they are hurt, but they knew that either it was not meant to be, OR that they didn’t properly do the work.

The rich do not let their setbacks or failures stop them, they pick themselves up and go again.

The poor give up, have a moan, and switch on the TV to watch more Netflix to pass the time.

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4. Poor people focus on saving – Rich people focus on investing

How many people do you know live for today? – Almost everybody.

And whilst they are having fancy holidays and driving fast cars now, it will slowly catch up with them.

And on top of that, the poor save and save to no avail.

When a poor person retires with £100,000 in their bank, they are happy.

But also, they don’t take into account inflation and how their savings will barely last them a couple of years after retiring from their boring office job, or getting made redundant.

The rich however, invest early on.

They see the future and spread their risk by investing in real estate, shares, or businesses.

And when it comes for them to retire, they are sitting on far more in the bank, with passive income coming in from all their investments!

5. Poor people think they know it all – Rich people continuously learn

This is relatively similar to number one, where poor people do not expand their learning.

Poor people arrogantly talk as if they are experts, and they know everything regarding a subject, when they actually don’t know nothing.

Whereas rich people act like a sponge, and absorb everything.

They learn from their failures, and other peoples too.

The greatest teacher to a rich person is not success, but actually failure.

6. Poor people believe that money is the root of all evil – Rich people believe that poverty is the root of all evil

Bill Gates said: “If you are born poor it’s not your mistake, but if you die poor it’s your mistake.”

Despite some people being born with a silver spoon in their mouth, poor people have just as much an opportunity to turn their life around and become financially independent.

The problem is they have been brainwashed to believe that making money is evil!

Yet the rich believe not making money, and living in poverty is more evil.

There is nothing evil about money, never has been nor will be.

7. Poor people have a lottery mentality – Rich people have an action mentality

Poor people think the only way they will ever become financially free is by winning the lottery or the jackpot at a casino.

Rich people have the mentality of action.

Rich people know that life is actually a lottery, and they have already won it.

The rich use the time they have to take action and they set out their actions to pay off or reward them financially.

Which mentality do you wish to have to become financially independent?

The answer is down to You!