Living paycheck to paycheck is tough and frustrating. And that’s all you can do if you are stuck in a 9-5 job. After doing it for years, you have realized that your job is good enough to pay the bills. Well, you get it; it’s just that –good enough to pay the bills. And, you want more out of your life –you want to fulfill your dreams!!
To fulfill your dreams, you need financial freedom. Believe it or not, financial freedom itself is a dream for many. And, if you find yourself daydreaming about financial freedom, this post is precisely for you- because it will give you at least ten ways you can increase your income and unlock the door to financial freedom – and take on a journey that leads to your dreams.
So, first, congratulate yourself for being here, and then – with all your attention – read along to learn about ten businesses that you can start in 2021, and by doing so, step on the path to financial freedom.
The Top 10 Businesses
Here are the ten businesses that you can start if you want financial freedom.
5 to make it big
Some businesses have the potential to make you a millionaire or even a billionaire. But they do require expertise. So, if you happen to have a professional degree or expert-level knowledge in any of these five fields, you can make it BIG…I mean, REALLY BIG!!
Financial Services
There is indeed money in money, and if you want to create money – getting into the financial services sector is one of the surest ways to do it. Now, financial services include services ranging from accounting, bookkeeping, and tax preparation. And these services are constantly in high demand – even when the economy is not doing that great. Hence, if you want to make big bucks, consider getting into the financial services sector.
Healthcare Consultancy
Healthcare consultancy has always been a money-making sector. People need useful health advice and if healthcare is your profession, consider becoming a consultant – there certainly is money in it.
Exporting and Importing
No country is excellent in producing all the consumer products locally, creating a demand for imported goods. And the same is the case with exports. If you are aware of the rules and regulations, you get into the import/export business and make money out of it.
IT services
IT is an emerging sector, and there is certainly big money in it – So if you are an IT professional, and you are innovative – the stage is set, and the future looks bright for you.
Real Estate
Real estate investing is one of the best ways to create large chunks of wealth. One way you can earn through real estate is by buying a property and then selling it at a higher rate.
You can also earn monthly rent on your property and then eventually sell it when the prices rise. However, again, there is a risk.
And, if you don’t have millions to invest, you can still earn huge profits from it. You can buy and sell and earn a commission on every successful sale. And you can earn pretty hefty amounts by just being a broker.
4side- hustles to keep the cash rolling
While it’s true that all of the above five businesses can make you a millionaire, it’s also true that all of them require a certain level of expertise, investment, or a long-term vision, which creates a little barrier to enter them. But, don’t be disappointed just yet, because the next four businesses are easier to start.
Do a business out of your hobby.
If you have a hobby that you love, you can use it to earn money. For example, if you love playing with kids, you can take up babysitting. If you love animals, you can start a dog training business, or pet sitting business and charge for your services.
Freelance academic writing
Yesterday I came across a social media post that said, “Can I pay to write my dissertation for me UK style?” and something clicked in my mind – that writing dissertations can make an excellent side hustle and can earn you decent cash. If you think you have the skill to write a dissertation, you can charge for it and make a living.
With the academic burden increasing on college students, there has been an increase in demand for dissertation proofreading services UK style. So, if you think you have no problems writing a dissertation, you should consider cashing in on the opportunity.
Rent Your Car
Renting your car is one of the coolest new ways to build a passive income. If you have a car that you don’t use often – maybe you’re in school or work at home – you can rent it out to others and get paid for it!
Start a Blog
If you like to share your story with people and think people will be interested in your story, you should consider starting a blog.
Pave your path:
Well, out of the nine businesses mentioned earlier, if none of them looks like your thing, you can always do something new – something that no one else has done. It can be a crazy idea. But if you think it’s worth doing, go ahead and do it!
Getting into action:
The perfect plan doesn’t exist – understand this and act accordingly.
Starting a business requires a lot of planning, but the mistake most people make is, spend too much time planning – you should avoid that. You have to understand that planning is a cyclical process rather than a linear one, so stop worrying about perfecting your plan and get into the action early to avoid the frustration – because you will get a chance to re-plan.
Conclusion:
Once you have decided on the business, you will get into it. You will need focus, determination, and persistence to stick to it – until your dream of having financial freedom becomes a reality!