Thankyou 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?