Kylie Ofiu Book Review and Giveaway

Kylie OfiuThankyou everyone for your comments… Nequila is the winner of the book giveaway 🙂

In this post I’m taking a break from the usual dividend and index investing articles, and reviewing a personal finance book from one of Australia’s leading bloggers, Kylie Ofiu.  I hope you enjoy my review of her latest book (with a signed book giveaway).  This signed copy flew all the way from Australia to Chicago, and then back to Vancouver – so it’s a worldly book looking for a home.

Kylie was one of the first bloggers I met at the Financial Bloggers Conference in Chicago this year. She is as friendly, unassuming, and as warm hearted as her picture portrays. Kylie is married with two children, and has published her first book [easyazon_link asin=”0730376214″ locale=”CA” new_window=”default” nofollow=”default” tag=”divninjaca-20″ add_to_cart=”default” cloaking=”default” localization=”default” popups=”default”]365 Ways to Make Money[/easyazon_link], while being a stay at home Mom. If she can manage a fulltime family, create a blog, and write a book, then you can find time to follow your passion as well.

I had the opportunity to meet with Kylie during the conference and talk with her about her recent book, making the leap from blogging to print media and life in general. Kylie’s topic at the conference – from blog to book, also interested me as well. I’ve also had the opportunity to write in print media, with the long established Canadian MoneySaver Magazine.

365 Ways To Make Money

[easyazon_link asin=”0730376214″ locale=”CA” new_window=”default” nofollow=”default” tag=”divninjaca-20″ add_to_cart=”default” cloaking=”default” localization=”default” popups=”default”]365 Ways to Make Money[/easyazon_link] also has a personal importance for me as well. It was due to the privatization in our health-care sector back in 2003, and reduction in my hours, that I began to look for other ways I could make money. I went through the list of all the things I could do. Website design was already something I was doing in my spare time as a hobby – so it grew from there.  Kylie writes the following about web design, #73, and she’s spot on:

“Every business today needs a website. It’s the first thing people check when looking at your business. It doesn’t need to be huge or have a lot on it, but it is necessary if you want your business to be seen. This is where you come in. Designing and easy-to-use website is not something everyone can do, but is very important.  You can make a few hundred dollars for a very simple website right up to thousands of dollars for more detailed ones.” (365 Ways To Make Money, pg. 49).

Everyone has a marketable skill, and it doesn’t have to be as complicated as designing websites. It may even be something that comes so easily and naturally, you take it for granted. Those are usually the skills one enjoys the most. It could even be writing your own blog, and earning a little AdSense or advertising revenue on the side. 😉

Everyone Can Make Money

What I learned over the six years following from my business and networking, is that everyone has the ability to make money in addition to (or instead of) their regular work – if they really want to. Sadly I work with many people who work two jobs, are physically exhausted from working, and simply don’t believe they have any marketable skills. In fact everyone has the potential for a secondary income if they choose to pursue it. Unfortunately it’s our own excuses that prevent us from doing so. And that is really the main point of Kylie’s book. In the last chapter, Solutions to Excuses, Kylie writes:

“There are so many reasons why people think they can’t make money, many of which have simple solutions. Some of the excuses I hear all the time, such as ‘I have children to look after’, ‘I have no time’, ‘I have no qualifications’, ‘I can’t get motivated’ and ‘I’m not confident enough’, I am going to help you solve right now…“ (365 Ways To Make Money, pg. 256).

If you talk with any of the successful bloggers or business people you know, they will tell you they were willing to invest in themselves – it’s really that simple.  

Out of 365, what’s Your Number?

[easyazon_image add_to_cart=”default” align=”left” asin=”B0055AWHBK” cloaking=”default” height=”auto” localization=”default” locale=”CA” nofollow=”default” new_window=”default” src=”http://ecx.images-amazon.com/images/I/518evEnDiCL.jpg” tag=”divninjaca-20″ width=”230″]365 Ways to Make Money[/easyazon_image]OK granted, the Dividend Ninja is not going to be organising a food-coop, selling manure, working as a nanny, or painting street numbers. And producing a pet training DVD isn’t going to happen either!  Many of the 365 ways to make money may seem quite foreign or even absurd to North American readers, such as renting out the barn. But don’t let that become an excuse!  Consider there must be one of these [easyazon_link asin=”0730376214″ locale=”CA” new_window=”default” nofollow=”default” tag=”divninjaca-20″ add_to_cart=”default” cloaking=”default” localization=”default” popups=”default”]365 Ways to Make Money[/easyazon_link] which resonates and makes sense for you!  If only one item on the list is something you can do and enjoy, then you can make money doing it. Why wouldn’t you want to at least give it a try?

For some people, their hobby of investing has become their way to make money, and given them the resources and nest-egg to live comfortably off their income. I’ve been honoured to meet some of these people through the comments on my blog, email replies from my newsletter. I’ve also interviewed a few of these successful investors on the Dividend Ninja (a blog which now creates a secondary income of its own).

Kylie on Becoming a Millionaire

There are an infinite number of reasons why people never pursue the things they really want to. Many people view investing and money with the same approach. Some of my co-workers simply don’t invest. They cannot believe that small amounts of contributions over a long period of time, even $25 to $50 per paycheque, will set them up with a decent nest-egg 15 or 20 years down the road. For these people, their chance of retiring with any income has been thwarted before they even started. Yet the excuses are exactly the same with saving money as it is with making money. And that is something that Kylie also covers in the introduction to her book, with her aspiration to become a millionaire before she’s 30:

“Making Money is not the only way to become a millionaire. You need to know how to manage your money. There are many people out there on very large salaries who live from pay cheque to pay cheque and others who live on the poverty line who still manage to save! How is that possible?”  (365 Ways To Make Money, pg. xii).

As Kylie points out in her preliminary chapter, to become a millionaire requires some effort. You need to put together a budget and stick with it, resist temptation (expensive consumer items), be motivated, and set goals. In a recent blog post on her site, Financial Bucket List, Kylie writes: “This was the whole reason I started blogging. I set myself a goal to become a millionaire by 30 and started to blog about what I was doing and ways to make money 2 years ago.”

The Book Giveaway

I hope you enjoyed my book review of [easyazon_link asin=”0730376214″ locale=”CA” new_window=”default” nofollow=”default” tag=”divninjaca-20″ add_to_cart=”default” cloaking=”default” localization=”default” popups=”default”]365 Ways to Make Money[/easyazon_link] by Kylie Ofiu. If you’ve read this far, then you know this is a book giveaway. I have one signed copy of 365 Ways to Make Money for one lucky reader. To keep it simple, and make sure the book is going to someone who really wants it, I’ll only be drawing from readers who post a comment below. 🙂 I’ll close the comments by December 15th, 2011. Good luck everyone!

Readers, I also challenge you to think of one way you could make a secondary income. Leave a comment below and let others know. And even if you don’t win or buy the book, then what can you easily do in your spare time to earn a secondary income?

25 Responses to “Kylie Ofiu Book Review and Giveaway”

  1. claude

    Dec 03. 2011

    my wife is a “working mom” and this book will have a big interest for her… and also for me. thanks for this book giveaway.

    and right now I’m searching a way for a secondary income. Maybe giving ideas for ETF investment to DIY. I’m good at it! But I don’t want to be a stockbroker for many reasons. And anyway, I want to keep working in my actual job that I like. So, I continue to search for an idea.

    Reply to this comment
  2. Michel

    Dec 04. 2011

    I would really like to act on the ideas promoted in this book. I hope to win it.

    Reply to this comment
  3. Lyne

    Dec 04. 2011

    I’ve been stuck at home for a while with a health issue, maybe there is something in there that could help me figure out a way to increase my income… Thanks for the opportunity!

    Reply to this comment
  4. Kylie Ofiu

    Dec 04. 2011

    Thanks Dividend Ninja for reviewing my book. 🙂

    Claude, Michael and Lyne, there is definitely an idea for everyone in the book. Hope you guys like it. 🙂

    Reply to this comment
  5. ThePaperboy

    Dec 05. 2011

    Secondary income is great! I buy and sell retro video games. Not only do I have some extra cash, but I have a nice collection going on. It’s also fun to just hunt for older video games so it doesn’t even feel like work.

    I’d love to get read this book and try to get some ideas!

    Reply to this comment
    • Kylie Ofiu

      Dec 06. 2011

      @ The Paperboy – We did this for a while and it was amazing. The price some games go for really surprised me. My husband knew which games etc to go for. It is a fun way to map money that’s for sure!

      @Cris I actually made up a guide for how to sell books, as I have done this a lot. Here’s the link to the free guide to down load http://kylieofiu.com/2011/08/make-money-guide-how-to-sell-books-free/

      Thanks everyone for the positive comments. 🙂 Hope you all find ways to make some extra money!

      Reply to this comment
  6. Bob G

    Dec 05. 2011

    Sure;I’d like a copy of Kykie’s book.
    I am certain that there will be a lot of good ideas there.
    Bob

    Reply to this comment
  7. The Dividend Ninja

    Dec 05. 2011

    Claude I love the idea of a blog about ETF investing information, or a website to monetize that info 🙂 Let me know maybe we can come up with an idea, or you can write a couple of guest posts here!

    Michel, Lyne, and Bob you’re in!

    Kylie Thanx for dropping by! 🙂

    Be’en Small ideas can turn into extra income very easily. There are lots of WordPress gallery plugins that would allow you to build your own site. Make sure you watermark or have sample on your pics, so peoeple don’t use them 😉

    ThePaperBoy great idea, and if you invest your profits, you will be laughing in the long term 🙂

    Reply to this comment
    • claude

      Dec 06. 2011

      I already have a blog about investing. But it’s in french, because I’m a french speaking person. If you want to take a look, you can at this adress and there is a google translator (it’s not perfect for the translation, it’s just OK)

      I’m now waiting for the millions to come in! 🙂

      http://fnbtarget5.blogspot.com/

      Reply to this comment
      • The Dividend Ninja

        Dec 06. 2011

        Hi Claude, guest posts with a link of course to your site, is the best way to get exposure 🙂 Send one over when you’re ready and I’ll review it. If its a fit I will edit it from Google translator, and publish it! I recommend however you set up WordPress on your own domain instead of blogger (for a number of reasons).

        Cheers

        Reply to this comment
        • claude

          Dec 13. 2011

          Thanks very much for the offer. But I looked more deeply at the google translator and it’s awful! For a blog about investment, I would say that it can be very misleading.

          So I will continue with my blog, but in french only.

          And today, I invite people who need advice with ETF and want to invest with prudence, to contact me. For a small fee, I will help them with their portfolio. I know that there’s a need for this kind of service.

          Thank you for everything and continue your excellent work.

          Reply to this comment
  8. Jeff

    Dec 05. 2011

    I would love a copy of this book!

    Reply to this comment
  9. Nathan

    Dec 05. 2011

    Would love to be entered in the contest! I love doing research and reading about different ways to increase my income, especially in these economic times.

    Love the website Dividend Ninja. Been reading it for several months now and you have great content on your blog, keep up the great work!

    Reply to this comment
  10. The Dividend Ninja

    Dec 05. 2011

    Nathan Thanx, appreciated!

    Reply to this comment
  11. Nequila

    Dec 06. 2011

    Love the concept of the book, and your website. Please enter me in the contest!

    Reply to this comment
  12. Cris

    Dec 06. 2011

    I’m a big reader and I buy and sell books at second-hand bookstores. Although I take very good care of my books, sometimes the stores will not take them (for various reasons). I’ve never tried selling books online and would like to know more about this.

    I’m really liking this blog. I’m glad that I found it. Keep up the great work!

    Reply to this comment
    • Cris

      Dec 06. 2011

      I should clarify and say that I buy and sell some of my books at second hand shops. I have a good-sized library and minimal space, so I have been trying to keep those books that I know I’m going to read again. Not an easy thing for me.

      Reply to this comment
  13. Janice

    Dec 14. 2011

    Looks like a book I could really use! I’ve noticed that some people confidently start new ventures while most people talk themselves out of persuing a new goal by overthinking the reasons why they should not start something new. Action vs thoughtful inaction. You might win or lose by going with “action” but you can never win if you don’t try.

    Reply to this comment
  14. The Dividend Ninja

    Dec 15. 2011

    Thankyou everyone for your comments… Nequila is the winner of the book giveaway 🙂

    Reply to this comment

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