For many couples who want to start families, it’s getting increasingly harder to do so without sacrificing a lot financially. Education costs for kids are soaring and it now takes two incomes to afford a home in many big cities rather than just one 30+ years ago.
The nagging question on a lot of couple’s minds is, “Can we afford to have one person stay at home to raise the kid(s)?” An equally common question is, “Can we afford to have kids at all?” It’s kind of sad that many well-educated and well-paid couples have these thoughts. Part of the reason why I’m working so diligently on building up ONIG Financial Blog and Yakezie.com is because my spouse or I would like to have something to do if one of us decides to one day stay at home and raise a family.
After a seven years of blogging, I know that making money online is possible. I’m now earning in the multiple six figures a year online in 2016. Not only that, it gives the stay-at-home spouse something exciting to do for several hours a day, in addition to raising the kids. Working from home while being able to raise a family is an enormously attractive proposition and I’m excited to present another way to do so!
So many people have said you don’t make money from your blog, you make money from a product. Well, that’s not entirely true, since you clearly can make good money from advertising from your blog, especially if you are in a niche such as personal finance. That said, I do believe that having a product to sell is definitely necessary to take your online income stream one step higher. A blog + a product is a winning combination.
Steve Chou, Yakezie Beta Class Member, blogger at My Wife Quit Her Job has created a fantastic step-by-step course on How to Start a Profitable Online Store today! I’ve followed Steve’s blog for a couple years now, and what Steve and his wife have done is exactly what I and many couples want to do: have one spouse work at home to take care of the baby and create an online business that is automated and replicates one’s entire day job income!
I have always wondered how the Chou’s were able to create an on-line wedding store and make over $100,000/year after only one year, and now I know. Thanks to their new guide, Steve goes into step-by-step detail of finding your niche, setting up a legal business entity, marketing, and SEO to name a few. Some of my favorite sections were how to determine the best pricing for your products, understanding the market place, and how to create a shopping cart on your site with a great explanation of all the different options available today.
ABOUT THE COURSE: How To Make A Profitable Online Store
What you will learn:
Bonuses Included in the How To Create A Profitable Online Store Course
Related: How Much Do Bloggers Really Make?
I’m really pumped about what Steve has to offer and will be implementing his instructions over the coming year to build yet another income stream to my portfolio. Even if you don’t plan to be a stay at home parent, wouldn’t it be nice to build another solid stream of income on the side? I’ve currently got five active income streams as you read earlier and I cant wait to build one more.
Remember, action is what makes things happen, not day dreaming. At the end of the day, it’s all about building multiple income streams for financial independence. Take a look at a real income statement example of someone who started a website and is leveraging the internet to make money and be free. Click the chart to learn how to start your own website like mine in under 30 minutes!
Here is my step-by-step tutorial on how to start your own profitable website.
About the Author: Sam began investing his own money ever since he opened a Charles Schwab brokerage account online in 1995. Sam loved investing so much that he decided to make a career out of investing by spending the next 13 years after college working at Goldman Sachs and Credit Suisse Group. During this time, Sam received his MBA from UC Berkeley with a focus on finance and real estate. He also became Series 7 and Series 63 registered. In 2012, Sam was able to retire at the age of 34 largely due to his investments that now generate roughly $210,000 a year in passive income. He spends time playing tennis, hanging out with family, consulting for leading fintech companies, and writing online to help others achieve financial freedom.
Updated for 2021 and beyond.