Post Updated Last: March 2, 2020

Financial freedom and financial independence is everyone’s dream.

Are you broke and wondering how people are succeeding online and achieve financial freedom “just like that”?

What are their secrets? What do they do that you don’t? Or what can they do that you can’t

Chances are, if you are a blogger or an online entrepreneur in general, you could be one of the millions who are dying to know the holy grail, the loophole, the secrets or… (whatever you call it) in becoming a millionaire online. 

So, I have good news and bad news.

And the good news is … you too can do the secrets to financial freedom online lifestyle.

The bad news is… there are no “real” secrets, just the people methods that people secretly use (oh, I think it’s not really bad news).

So, let’s go through the secrets and get started with your journey to financial freedom online. 

Table of content:

 

Secret 1: Financial Freedom Can Start With An Online Business

Being Poor Or Broke Is Not An Excuse 

You might say, this is impossible but it is actually true. You can actually create a passive income online even if you’re broke. In fact, there are a lot of free platforms that you can use and start with. 

As long as you can read, write and use a computer, you can always earn extra money online so you can support your online business in the start phase as well as your other personal expenses. 

 

Online Business As Your Passive Income Generating Asset

What’s great about blogging and online business in general, is that they can become a passive income-generating asset. In the long run, your business becomes bigger and bigger as long as you keep working on it. 

For example, once you make a product review from Amazon, you can still earn money from this review using affiliate marketing. Affiliate marketing is quite passive – like set and forget method of business. 

For example, you write a product review (any product of your choice from Amazon [any other affiliate network]) and that’s it – you earn money every time people buy products on Amazon through your affiliate link (yes, all the products they buy as long as it’s within the time that amazon allows you to earn by referring people to their website). 

Affiliate marketing business is really amazing and it can be a very lucrative business if you know how to do it right

Online Business Is Infinite 

Once you know how it really works, you can create as many product reviews as you like, as many product recommendations as you like, or as many online businesses as you like, to create as much as money as you want. 

What did I just say? It’s infinite! The only limit is in your mind. 

As long as your website is up and running, you will always have the business running even while you sleep and even when you die.

So, make sure you have someone ( a friend or a family) that can take over your business in case of death. Create a list of all your business connections like platforms usernames and platforms etc. 

 

Don’t Take Your Business For Granted

The online business industry has come to stay and it will become more and more in the future. That’s why my biggest mistake was when I stopped blogging in 2009, just because I thought It was complicated and I don’t have time to learn. 

Believe me, if you, even just for one single time, thought of starting a blog or any online business, do it. The biggest regret I ever had in this journey – was the wasted time for taking an online business for granted. 

Time flies fast and you can not take a wasted time back, so don’t let yourself left behind. Don’t wait any longer. Get Started Now

Read more:

17 Proven Ways To Earn Money From A WordPress Website 
Why Online Business Is Better Than Winning $1 Million in Lottery

Secret 2: Improving Your Personal Finance And Become Financially Independent 

Manage your Money And Not The Other Way Around

“Manage your money or your money will manage you”. This is very logically. It doesn’t matter how much you earn, if you don’t know how to use your money right, then you will run out of it every single time. 

The main reason why 80 % of people in the U.S. are living paycheck-to-paycheck is because of the lack of financial education. Not literally a formal financial education degree, but an understanding of how money really works in one’s personal finances. 

 

Some of My Popular Articles in Improving Personal Finance 

 

Save More & Earn More

The easiest financial advice to remember is to save more and earn more. 

These are some of the hundred ways to earn money online that you can use to improve your finances.

 

Secret 3: Add More Passive Income Streams And Become Wealthy Sooner

There are different kinds of passive income streams that you can start alongside your online business once you reached your success goal with it. 

These are some of the things I personally do.

Invest in A New Online Or Onsite Business 

Build another online business(es) and outsource all the tasks, for example, on Fiverr.com or hire your own employees.

Build an onsite business (of your own choice), hire people to manage it and earn passive income. 

You should not be actively working on it in order to call it as a passive source of income.

 

Invest In Stock Market

All investment types involve risks. Make sure you get enough knowledge and proper training before you dive into any investment with a huge amount of capital such as the stock market.

It is always advisable to start small if you start investing in the stock market. I suggest starting in mutual funds, index funds, money market, and government funds while learning the stock market. These investments are more stable than investing in individual stocks on your own. 

My husband and I have been investing in the stock market for more than 20 years. After all those years, I’m still learning. One of the things I learned over the years is that there is only one thing for sure in this kind of investment – the Unpredictable upswing and downswing in any given time. 

Nobody can say when the market becomes bullish or bearish, it just happens. And even financial experts can not 100% predict what the market trends will be. 

That’s how risky the stock market is. So, please take the time to learn how to pick a profitable stock and how to manage risk. And remember that there is a big difference between trading and investing. 

Read More:

Protect Your Investments From Market Crash (5-Steps)

How To Make Money During Market Crash (14 Investments)

Etoro Review: Social Trading Platform

 

Invest In Real Estate Business

6 Ways To Invest In Real Estate:

  • Crowdfunding or Peer-to-Peer Property Investment
  • REITs – Real Estate Investment Trusts
  • Buy Rental Property
  • Flipping Houses
  • Rent A Portion Of Your Existing Home
  • Buy And Hold

Read More: Rich Dad Poor Dad Summit For Just $1 Dollar 

 

Invest in Cryptocurrency

This is the latest trend today- bitcoin and cryptocurrency investment. This is very risky and the best way to do it is by leveraging only the trusted and verified platforms and tools online. 

I have personally experienced scams with it. So, please be careful with this kind of online investment. 

Fortunately, after sweat and tears, I’ve found the best way to make money with cryptocurrencies and you can read more how I do it below:

Best Way To Make Money With Cryptocurrencies (Bitcoin)

See How I Grow My Bitcoin Passively Using This Advertising Platform. 

 

Invest in Forex

Just like cryptocurrency investment, Foreign Currency investment is also very risky. I highly recommend proper training before diving into this type of investment. 

  don’t personally invest in forex anymore – I believe cryptocurrencies are about to replace them. However, I know that there are still a lot of people who are leveraging and earning a lot of money on it. 

If you’re really up to Forex investment, please get proper and comprehensive training as this is the best way in protecting your investment. 

The most reliable and comprehensive Forex training platform that I found and being recommended by people I trust is the  Pipdenominator Training Program.

 

Peer-to-Peer Or Crowdfunding Investment

One of the investment types I’ve been using for the past three years is the crowdfunding. This is also called peer-to-peer investment, peer-to-peer lending (P2P Lending) or crowdlending. 

I started with a danish platform called the Flexfunding and in july 2019, I started investing in international platforms. Some platforms are very good like the Mintos and Grupeer. Unfortunately, some platforms like Kuetzal and Envestio are currently undergoing legal issues. 

Read More: 80 Top Peer-To-Peer Lending & Equity By Funding Amounts  

P2P Lending investments are one of the good ways to diversify your investment/portfolio. The interest rates are fixed (i.e. 10-20 %) and the risks can be easily managed. 

Here’s what I do in managing risks in P2P investments.

  1. Spread investments in different platforms.
  2. Spread investments in different projects/loans inside one platform.
  3. Choose a project/loan with collateral and/or buyback guarantee. 
  4. Choose an investment time of a minimum of 3 months and maximum of 12 months only.
  5. Use auto-invest functions, so you won’t spend a lot of time in at micro-investment.

How does it work? 

Let’s say you have $10,000 to invest in P2P Lending:

  1. Use at least 5 P2P Platforms – which means you’ll invest $2,000 in each platform. 
  2. Inside each platform, invest in a minimum investment that is required in each project, i.e. $25 or $100) 
  3. Look for the symbols of buyback guarantee and collateral (you need to learn the platform and its features of course). 
  4. Why 3-12 months only? So, you can reinvest your money simultaneously as P2P platforms pay either interest or principal + interest like amortization, i.e. weekly or monthly. And you can exit your investment faster or sell the investment faster compared to a loan with 60 months investment term. 
  5. Since you will be going to have a lot of micro-investments, you need to use the auto-invest features which you can set up with all your desired criteria. 

Measurable And Manageable Risk

Each platform is equal to 20% if you have 5 platforms. So, the more platforms the better. Can a platform collapse? Everything is possible. But what happens to your investment if a platform collapses?

Make sure you look for a platform that has been operating for at least 2 years and has a buyback policy in case of bankcruptcy. So, your investments are more likely secured.

Check out one of my other website where I wrote reviews on the P2P Platforms that I personally use here

Each platform, you’ll be investing in micros like business loans, real estate projects, car loans, etc. So, if you have at least 20 ($100) micro-investments in each platform, that’s 100 investments in total.

Which means each loan is equal to only a 1% risk of your total investment. So, if you’re investing in $25 or $50, then your risk will be much lower than 1% each microloan. 

Read More: Crowdfunding Explained: The Ultimate Guide To Crowdfunding  

Final Thoughts

There you go. Start your journey to financial freedom. There isn’t really a big secret. Just the things you need to do including long term business commitment, change of lifestyle and creating more passive income streams. 

  • Step 1 – Build your online business
  • Step 2 – Improve your personal finance 
  • Step 3 – Add more passive income streams mentioned above 

There is no way to fail. As long as you keep going you will get there where you want. Your journey stops only if you stop. So, get start and kee going. 

I hope you’ll find this article helpful. I hope to see you succeed and help other people too. Good luck to your online business and God bless. 

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