YoungBlackWealth.com

I’m pretty sure that you’ve felt the effects of the recession by now. From losing your job, to your favorite store going out of business, we’ve all felt it and can’t wait for it to be over. You also probably want to keep your pockets lined with multiple streams of income. So, here is a basic (very basic) overview of a couple of ways you can make some extra money on the side, without have to deal with the stress of a start up or getting another 9-5.

1. Ebay: Sellling on ebay is an easy one. All you do is find things around your house that you don’t want to need, create a listing and collect your money. Then once you become a pro, you can start buying things from thrift shops and yard sales and then move up to buying wholesale and employing retail arbitrage, which is a move advanced technique. And the great thing about ebay is that is already has a built in marketplace, so you don’t have to waste your time looking for traffic.

2. Blogging: Are you an expert in your field? Then create a blog! Actually, you don’t even have to be an expert because there’s probably something you know more about than 90% of the population. And if you don’t, look it up! Just be sure to add good, useful content that will engage your reader and have them fiendin for more. Once you’ve build a good following, you can montetize your blog by putting up ads, promoting products or even creating your own products.

3. Affiliate Marketing: Affiliate marketing has got to be one of the easiest ways to bring in some serious dough, aside from creating your own product. All you do is promotoe other people’s products via your own special link or banner ad. Then you get paid everytime somebody makes a purchase through your link. Commission Junction, Amazon.com and Clickbank all offer some good affiliate programs that give you the option to choose from thousands of products to promote.

So, making a couple extra dollars during the recession isn’t that hard or mind-bloggling as it may seem. All you have to do is think outside the box and apply a little elbow grease!

1. Broke: You don’t have hardly any money. Some, not all of your bills get paid on a regular basis. You rob Peter to pay Paul. Your daily meals might consist of Top Ramen and the frozen burritos they always have on sale.

2.Barely makin  it: Your bills get paid, but you never have any money left over to do what you want or buy what you want. The $12 matinee is definitely not your friend. You don’t go out much because you don’t have the money or the gas to get there.

3. Comfortable: You can buy just about anything you want, after saving up for it. You have the option of going on vacations every year. You may even own a house and a luxury car. People ask to borrow money from you, not vice versa. You work hard to be where you are. But, may not necessarily be in love with your job.

4. Ballin: You’re way past comfortable and it’s been like that for awhile now. You no longer worry about money and how you don’t have enough. You own a house and probably a couple of cars. Your bank account contains commas.

5. Wealthy: You have a couple million in assets. Sometimes you think that you have way more money than you need. You probably own a yacht and/or private plane. You can buy whatever you want, without having to ask or think about how much it costs. You probably work for yourself, because you discovered a long time ago that have a regular 9 to 5 does not get the job done.

1. The broke don’t save. Instead, they mostly spend whatever extra money they have on things they can do without and then wonder why they never have any money when something important comes up. The wealthy, on the other hand, make it a habit of saving their money. 15-20% of your income in the general rule. Pay yourself 1^st!

2. The broke talk about people, while the wealthy discuss ideas. Let’s face it, talk about other people all of the time will get you nowhere, except to the point where nobody trusts you with the simplest info. It will also get you into a few heated confrontations once the word comes back around to those who you were talking about.

On the other hand, talking about ideas will put you in front of some major people, expand your creativity and most likely put some extra money in your pocket while your at it.

3. The wealthy make their money work hard for them through investments. The broke work hard for the money. Stack your chips and then put them to work so you don’t have to!

4. The wealthy have multiple streams of income, while the broke are lucky to have one. Multiple streams of income can come from owning your own business, real estate investments, stocks and bonds and network marketing. So, if one stream of income starts to taper off, you’ll always have the others to fall back on, instead of being just out of luck if your only source of income is lost.

5. The broke complain, instead of trying to make the best of their situation. The wealthy always try to find the good in everything that comes their way, no matter how bad it may seem. There is opportunity in change!

1. Set goals for yourself: Having goals is one of the most important things you can do to become successful in life. Having goals and writing them down increases the odds of you accomplishing them by 15-30%.

So, set a couple of goals for yourself, along with a deadline to accomplish each one. Review them weekly, if not daily. Doing this will set them in your subconscious mind. Which will eventually cause you to knowingly and unknowingly take action in accomplishing your goals.

2. Think long-term: Most wealthy, young black men and women tend to think long term: I.e. year-to-year and decade-to-decade. While the poor and comfortable then to think day-to-day and month-to-month.

3. Embrace change: Change is one of the most feared things of the average minded. They are often threatened by change and view it as a bad thing. On the other hand, young black millionaires embrace change for the opportunity it brings.

So, instead of fearing change, welcome it into your life and discover the good it bring along with it. Fearing change will leave you behind and cause you to miss out on numerous opportunities!

4. Foster creativity: Ideas and people make the world go round! It’s ideas that can make you rich. Not slaving away at a job you hate for 20 year, only to make $60,000 a year and think that your doing good.

Always think of new ideas that will make you money, no matter now crazy they sound. Strive to turn those ideas into reality, no matter how hard it may seem and you will have multiple streams of income in no time.

5. Thirst for knowledge: Don’t be fooled into thinking that your education ends once you walk across the stage. Acquiring knowledge should be a life long process. It really doesn’t matter what you study, just as long as you’re learning something new everyday. Whether it be a new word, how to flip a house or quantum physics. Why do you think million dollar houses have libraries?

Young Black Wealth was created to fill the void in the young black community when it comes to owning a business, investing and building wealth, without the confusion or headache. If you can relate to the following, then Young Black Wealth was made especially for you!

• You dream about that house in the hills and brand new Benz in the driveway
• You want to become financially independent
• Money excites you
• You want to be more than comfortable
• You need job security
• You want the freedom to do what you want, when you want
• Etc., etc., etc.