October 20th, 2016
Ever since I decided to leave my full-time position as a College Professor, I have been searching for ways to make money from home. I got to work building a work space in our barn and marketing my services through local networking groups. Working for myself means there are times when money comes flooding in followed by periods of idle waiting for my next client or opportunity. I know there are ways to make my money work for me.
When I heard the expression, multiple sources of income, I was imagining people who own buildings and businesses, those who own condos in gorgeous faraway places, rented most of the time, enjoyed during peak months. I keep remembering all the Monopoly games we played when I was younger where the name of the game was to gain assets and dump liabilities.
However, what I have come to understand is that multiple sources of income doesn't mean you necessarily need to buy real estate or storage facilities, own pinball machines or car washes, you can develop different streams of income based on how you make money right now. This was a revelation to me. As a matter of fact, I discovered that I was already moving in the right direction.
You might be a stay-at-home mom, reading this, thinking it doesn't apply to you but it does. Jot down the activities you do every day. Which ones do you enjoy? Are you really good at something that always impresses friends and family? You may be one of those people whose home is decorated for each season. I love having my house decorated for Christmas and Halloween, Easter and Valentine's Day but I never do it. I don't have it in me. Every year I am daunted by the idea of placing Christmas lights all around the house. I don't do it. What if you decorated other people's homes? People like me would pay you for it. Perhaps you make incredible Halloween costumes for your children or grandchildren. That is a skill. There is usually a handful of popular costumes each season. You take orders and prepare entire batches of them, selling them online or through a local school/day care. Do you spend a huge portion of your week buying groceries? There are plenty of people who are not able to get out of the house: the elderly, moms without cars, individuals recovering from an injury etc. Get other people's groceries and deliver it to their home. A lot of people hate shopping. Advertise your services in time for Christmas. Are you great at getting just the right gift for your loved ones? Apply that skill for others and get paid for it. If you are a mom, you talk to other moms and hear them complain. What are they complaining about? Is there a way to invent a product or service to make a profit by solving their problems?
If you are not a stay-at-home mom and are already employed outside the home, think about the skill set involved in your existing job. If you work as a chef, can you create individualized meals to sell to your neighbours? Is there a secret recipe that your family loves? You can sell it at a local shop. Are you a mechanic? What if you offered courses, Car Care for Dummies on the weekends? If you work as a real estate agent, write a guidebook to help regular people understand the pitfalls to avoid when buying a home. Educate people regarding what to look for during a house inspection. See your knowledge. Perhaps you organize group trips to foreign locations for people who want to invest but have no idea where to look. Regardless of what you do for a living, you can focus on the skills and figure out: 1) Who could benefit from this skill set? and, 2) How can I communicate with this target audience in a way that turns my knowledge into profit?
As I mentioned before, I am an art therapist. I offer workshops, one on one sessions, I speak about my work or its applications with various populations, I write books to use in my workshops and I am developing a digital version of my workshops. In this way, I am expanding the reach of my business by catering to different populations via a variety of mediums. You don't have to be rich to develop many streams of income, you just need to know your worth, find different ways of sharing it with others and get paid for it.
Anne Walsh
www.artsnoul.org
Showing posts with label wealth. Show all posts
Showing posts with label wealth. Show all posts
Thursday, 20 October 2016
Tuesday, 21 June 2016
Financial Freedom-A Vision
June 21st, 2016
Ever since I read Julie Ann Cairns' book, The Abundance Code, I have felt a strong determination to change the way I see money, how I feel about it and use it in my life. I contacted the author to ask if she could recommend a Canadian finance professional to help me make some important decisions. Her book helped me understand my own financial pitfalls created by my upbringing but I still needed the tools to make important decisions. She didn't know anyone in Canada but she suggested I check out Ann Wilson, The Wealth Chef.
I looked her up and, as impressive as her profile was, all I could think of was that she lives in the UK. How can she help me if she doesn't know the laws in my country? Ann has a free online academy so I decided to watch her videos and join her online community. I had nothing to lose. I felt that I might as well learn what I could from her as I looked for a professional in my area. This is because I was assuming that I would need someone else to tell me what to do. I am just completing week 2 of her 4 week program and I realize that I need to learn the tools of financial management so I can make these decisions based on my own goals and values.
What I have learned so far is not specific to Canada or the UK, it's information that anyone can use regardless of location. Ann teaches you to think differently about your money. Instead of focusing on how much money you make and trying to earn more, she shows you how to cut down on your liabilities and build up your assets. If you only have income and you don't transfer it into assets, you have to keep generating that income, especially if you have lots of expenses to pay off. I am so eager to learn her tips and I have come to respect her a great deal. She shares her knowledge with people who don't have a clue about money, like me, for free.
One of the steps in her program is all about designing a Financial Freedom Vision. This is what you would like to do with the money you make from your assets, the lifestyle you could create with your growing wealth. I will share my vision with you and I urge you to create your own. What would you do if you had plenty of money and you knew you would never run out of it?
My dream is to rent out our house and buy an RV. I would plan out a route from our home, driving through Ogdensburg, NY and into the warmer States. We would pack up the children, the pets and maybe my mother if she wanted to join us. We would stock up on the food we love, the girls could bring some toys and home comforts. We'd document our journey through writing, photography and mini videos as we met people from various locations, tasted different food and visited local landmarks. I can imagine us having so much fun as a family, creating memories together, learning about other cultures along the way. I would ask my daughters' teachers if we could Skype in weekly so the girls could share what they have learned with the class. I would schedule stops in communities once a month via Facebook to collect Mommy Monologue stories from local women and offer free art experiences for children. My husband could bring his motorbike (hitched to the back of the RV) and go on small excursions, exploring surrounding areas, looking for fun things to do. I imagine us talking, playing, laughing and getting in lots of hugs as a family as we explore the USA. On our way back in the Spring, we would drive through Canada and do the same thing here. In my mind, we leave January 10th after celebrating my daughter's birthday with friends and we return on May 10th.
In order to achieve my goal, I need to set up some passive income, otherwise, we can only go away for two weeks at a time. Thanks to Ann Wilson, I believe this is possible and, pretty soon, I'll have the knowledge I need to make it happen. If you want to stop working harder just to make ends meet, check out Ann Wilson, The Wealth Chef, and start your own journey toward financial freedom.
Anne Walsh
www.artnsoul.org
Ever since I read Julie Ann Cairns' book, The Abundance Code, I have felt a strong determination to change the way I see money, how I feel about it and use it in my life. I contacted the author to ask if she could recommend a Canadian finance professional to help me make some important decisions. Her book helped me understand my own financial pitfalls created by my upbringing but I still needed the tools to make important decisions. She didn't know anyone in Canada but she suggested I check out Ann Wilson, The Wealth Chef.
I looked her up and, as impressive as her profile was, all I could think of was that she lives in the UK. How can she help me if she doesn't know the laws in my country? Ann has a free online academy so I decided to watch her videos and join her online community. I had nothing to lose. I felt that I might as well learn what I could from her as I looked for a professional in my area. This is because I was assuming that I would need someone else to tell me what to do. I am just completing week 2 of her 4 week program and I realize that I need to learn the tools of financial management so I can make these decisions based on my own goals and values.
What I have learned so far is not specific to Canada or the UK, it's information that anyone can use regardless of location. Ann teaches you to think differently about your money. Instead of focusing on how much money you make and trying to earn more, she shows you how to cut down on your liabilities and build up your assets. If you only have income and you don't transfer it into assets, you have to keep generating that income, especially if you have lots of expenses to pay off. I am so eager to learn her tips and I have come to respect her a great deal. She shares her knowledge with people who don't have a clue about money, like me, for free.
One of the steps in her program is all about designing a Financial Freedom Vision. This is what you would like to do with the money you make from your assets, the lifestyle you could create with your growing wealth. I will share my vision with you and I urge you to create your own. What would you do if you had plenty of money and you knew you would never run out of it?
My dream is to rent out our house and buy an RV. I would plan out a route from our home, driving through Ogdensburg, NY and into the warmer States. We would pack up the children, the pets and maybe my mother if she wanted to join us. We would stock up on the food we love, the girls could bring some toys and home comforts. We'd document our journey through writing, photography and mini videos as we met people from various locations, tasted different food and visited local landmarks. I can imagine us having so much fun as a family, creating memories together, learning about other cultures along the way. I would ask my daughters' teachers if we could Skype in weekly so the girls could share what they have learned with the class. I would schedule stops in communities once a month via Facebook to collect Mommy Monologue stories from local women and offer free art experiences for children. My husband could bring his motorbike (hitched to the back of the RV) and go on small excursions, exploring surrounding areas, looking for fun things to do. I imagine us talking, playing, laughing and getting in lots of hugs as a family as we explore the USA. On our way back in the Spring, we would drive through Canada and do the same thing here. In my mind, we leave January 10th after celebrating my daughter's birthday with friends and we return on May 10th.
In order to achieve my goal, I need to set up some passive income, otherwise, we can only go away for two weeks at a time. Thanks to Ann Wilson, I believe this is possible and, pretty soon, I'll have the knowledge I need to make it happen. If you want to stop working harder just to make ends meet, check out Ann Wilson, The Wealth Chef, and start your own journey toward financial freedom.
Anne Walsh
www.artnsoul.org
Thursday, 2 June 2016
Book of the Week-The Abundance Code
June 2nd, 2016
I have just finished reading The Abundance Code by Julie Ann Cairns. She was one of the Hay House authors I listened to during the Hay House Summit. I was impressed with her interview, it really made me think so I decided to order her book.
The book's chapters dispel myths about money. Julie talks about the many myths we are taught as children and the impact they have on our success and happiness as we grow into adulthood. Her goal is to create doubt so the reader can stop believing in the myth and rewrite his or her own beliefs.
I examined some of my favourite moments growing up. None of them really had to do with money. I loved going to the beach, visiting my aunt Louise and going to my Grandmother's home in the country. Then I was asked to list some of my lowest moments. These were all times when I felt cut off from my loved ones like the year I spent in Montreal, studying and looking for work. I was broke and no one would hire me because I wasn't from Montreal. All my references were from Ottawa. I was in an amazing city with so many things to do but I couldn't afford to do them. I didn't know anyone and felt very lonely. What these two exercises did were outline how being in nature and feeling connected to others promoted wellness and joy while feeling isolated made really sad.
Next, I had to figure out how to associate wealth with what I love while imagining how money could help me avoid what I hate. If money was no object, I would go away each winter, somewhere warm and enjoy quality time with my family. We would travel a lot, learn about different cultures and taste different food.
The author compares roommates who are the same age and make comparable incomes. One was raised in a wealthy home and the other one wasn't. She explains their different approaches to every day life. I was shocked to see how similar my habits were to the roommate who grew up poor. I never carry big amounts of money and prefer using debit for purchases. The roommate who was raised in a wealthy family always carried a wad of cash with her because that felt normal to her. I am always paranoid when I have cash that I will lose it. It stresses me out.
Julie does a good job at illustrating how we learn to compete for what we perceive to be limited resources even though we live in a world of abundance. She shows us how we learn to see money as a reward for hard work, something we earned by working for a long time. She pointed out that many of us are able to make money but we can't hold onto it because we don't feel worthy of it. She asks what we do with our money-spend or invest?
I hadn't really thought about it but I do have some money I could invest. It's not that much but she says it doesn't need to be a big amount. Usually, when I get money, I spend it on my loved ones. I go out and buy stuff that I know people have wanted for some time but couldn't afford. I pay for experiences like sending my husband to the Rock N Roll hall of fame or getting the girls registered in a gymnastics class.
If I spend money on myself it's usually to complete a project I have been working on, like getting my book printed or paying someone to film my workshops. I like to see a tangible result. The other thing I spend money on is food. I keep our fridge full of food we love. It's a love and safety thing for me, an act of self-care to keep the provisions fully stocked. Growing up, my mother didn't make much money so our fridge was often bare. I don't want my daughters to ever feel hungry and helpless to do anything about it.
This book is an excellent tool because it shows you how each myth plays out in your life, then helps you change your perception about money so that you are feeling more positive about it. In the last chapter, you pick your most challenging beliefs about money and replace them with positive affirmations then you replace old habits with new behaviours. I am much more aware of the ways I sabotage my own success by either giving my services away or undercutting myself, always working harder than I have to because it's what I feel I have to do to earn and deserve money. I strongly urge anyone who is working hard and not getting ahead to read this book.
Anne Walsh
www.artnsoul.org
I have just finished reading The Abundance Code by Julie Ann Cairns. She was one of the Hay House authors I listened to during the Hay House Summit. I was impressed with her interview, it really made me think so I decided to order her book.
The book's chapters dispel myths about money. Julie talks about the many myths we are taught as children and the impact they have on our success and happiness as we grow into adulthood. Her goal is to create doubt so the reader can stop believing in the myth and rewrite his or her own beliefs.
I examined some of my favourite moments growing up. None of them really had to do with money. I loved going to the beach, visiting my aunt Louise and going to my Grandmother's home in the country. Then I was asked to list some of my lowest moments. These were all times when I felt cut off from my loved ones like the year I spent in Montreal, studying and looking for work. I was broke and no one would hire me because I wasn't from Montreal. All my references were from Ottawa. I was in an amazing city with so many things to do but I couldn't afford to do them. I didn't know anyone and felt very lonely. What these two exercises did were outline how being in nature and feeling connected to others promoted wellness and joy while feeling isolated made really sad.
Next, I had to figure out how to associate wealth with what I love while imagining how money could help me avoid what I hate. If money was no object, I would go away each winter, somewhere warm and enjoy quality time with my family. We would travel a lot, learn about different cultures and taste different food.
The author compares roommates who are the same age and make comparable incomes. One was raised in a wealthy home and the other one wasn't. She explains their different approaches to every day life. I was shocked to see how similar my habits were to the roommate who grew up poor. I never carry big amounts of money and prefer using debit for purchases. The roommate who was raised in a wealthy family always carried a wad of cash with her because that felt normal to her. I am always paranoid when I have cash that I will lose it. It stresses me out.
Julie does a good job at illustrating how we learn to compete for what we perceive to be limited resources even though we live in a world of abundance. She shows us how we learn to see money as a reward for hard work, something we earned by working for a long time. She pointed out that many of us are able to make money but we can't hold onto it because we don't feel worthy of it. She asks what we do with our money-spend or invest?
I hadn't really thought about it but I do have some money I could invest. It's not that much but she says it doesn't need to be a big amount. Usually, when I get money, I spend it on my loved ones. I go out and buy stuff that I know people have wanted for some time but couldn't afford. I pay for experiences like sending my husband to the Rock N Roll hall of fame or getting the girls registered in a gymnastics class.
If I spend money on myself it's usually to complete a project I have been working on, like getting my book printed or paying someone to film my workshops. I like to see a tangible result. The other thing I spend money on is food. I keep our fridge full of food we love. It's a love and safety thing for me, an act of self-care to keep the provisions fully stocked. Growing up, my mother didn't make much money so our fridge was often bare. I don't want my daughters to ever feel hungry and helpless to do anything about it.
This book is an excellent tool because it shows you how each myth plays out in your life, then helps you change your perception about money so that you are feeling more positive about it. In the last chapter, you pick your most challenging beliefs about money and replace them with positive affirmations then you replace old habits with new behaviours. I am much more aware of the ways I sabotage my own success by either giving my services away or undercutting myself, always working harder than I have to because it's what I feel I have to do to earn and deserve money. I strongly urge anyone who is working hard and not getting ahead to read this book.
Anne Walsh
www.artnsoul.org
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