How To Start Making Money Online For Beginners
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As you start to make real money, you want to start by clearing up any outstanding debts that you might have. One of the fastest ways to building and sustaining wealth is to get out of debt and to stay out. This sounds simple by many of us have struggled with the burden.

In this video, I will share my BEST ways to Make Money Online for Beginners.

*INCOME DISCLAIMER: This website and the items it distributes contain business strategies, marketing methods, and other business advice that, regardless of my own results and experience, may not produce the same results (or any results) for you. Michael Day, Lunch Break Launch, and Six-Figure Affiliate Secrets make absolutely no guarantee, expressed or implied, that by following the advice or content available from this website or video you will make any money or improve current profits, as there are several factors and variables that come into play regarding any given business. Primarily, results will depend on the nature of the product or business model, the conditions of the marketplace, the experience of the individual, and situations and elements that are beyond your control. As with any business endeavor, you assume all risk related to investment and money based on your own discretion and at your own potential expense.

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So you’ve finally started making some real money and you are responsible enough to know that you’re going to have to do something with it. You probably have immediate wants and needs, and you might also have some long-term financial goals that you would like to achieve.

These goals come in all shapes and sizes from helping your parents and siblings to buying your first home. For some of you, the money you make has to go towards paying off student loans or donating to a cause that has been really near to your heart.

Regardless of what you decide to do with it, making “real money” is something that comes with a lot of responsibility and shouldn’t be taken lightly.

WHEN I STARTED MAKING REAL MONEY

I remember when I got my first job when I was 16 years old. Before that, I had to make frequent and sometimes strained withdrawals from the Bank of Mom and Dad. There were a lot of questions about what I was going to do with the money and if it would ever be returned.

Thankfully when I started working at a local fast-food chain, I felt like I finally had some freedom. After working for the first two weeks, they finally give you a paycheque (or do direct deposit). This money was all mine (minus some deductions). Now I had to decide what to do with it.

THE WINDFALL EFFECT

After a few weeks of working and being paid, the novelty wears off or at least it did for me. I started to consider what to do with the money I was making.

I remember thinking about what I should be doing with my money. I had the thought about being intentional but I didn’t put any plans into place. It felt like I was experiencing the windfall effect.

The windfall effect is when someone goes from not having a lot of money to either making a lot or possessing a lot of money relative to their previous financial situation. This is kind of what happens when someone who is not affluent suddenly wins the lottery or gets a large inheritance.

TAX SEASON

As I worked, I got into the cycle of working and spending without a plan.

Have you ever worked for some time then received your annual pay stub or your record of how much you’ve made? In Canada, it’s called a T4. Essentially a T4 is a document that outlines all the money you have made in a year.

I remember getting my first T4 and it being a really sobering moment. I got to work and opened my T4 and I was floored. This was basically the summary of all the money I made that year.

By the time I got the t4, I had blown through thousands and thousands of dollars and the worst part was, I didn’t have much to show for it. Of course, I had a few nice pieces of clothing and some nice shoes but that was about it.

I remember thinking that I could have saved for a down payment for a house at the time or bought my first car with the money that passed through my hands that year.

So, how can you prevent this from happening to you? You need a plan.

YOU NEED A PLAN

Your money needs a plan and a place to go to. You need a pathway to help to direct you towards being able to win with money.

Whether I liked it or not, that first year of making money and not having anything to show for it was a result of me not having a plan for my money.

We’ve worked hard to develop a simple plan to help you to win with money. It’s basically 4 steps towards building lasting wealth.

We call it the Investor Generation Wealth Walkway. This is our proven pathway to get you out of debt and into a place where you can be outrageously generous. We talk more in-depth about this in another article but essentially here is the thinking behind it.

1. DUMP DEBT
2. SAVE (AND INVEST)
3. LIVE
4. GIVE IT ALL AWAY

At different points in our lives, we are all doing one of these 4 things with money. We are all either paying off debt, saving and investing, enjoying the money we have or giving it away.

DUMP DEBT

As you start to make real money, you want to start by clearing up any outstanding debts that you might have. One of the fastest ways to building and sustaining wealth is to get out of debt and to stay out. This sounds simple by many of us have struggled with the burden of paying off student loans or other types of loans.

Real Money Making Games Online

It isn’t always easy, and it can feel like an uphill task but getting out of debt is possible! You don’t have to live in debt for the rest of your life.

We paid off over $100,000 of debt and now we are on the path towards building lasting financial footing.

SAVE AND INVEST

After you’ve gotten out of debt, then it’s time to start to save and invest your money. This can come in a number of forms but it is crucial for you to win with money.

Start by saving an emergency fund. For some of you, the amount in your emergency fund might vary but it is important to have a cushion for times when an emergency arises.

You also want to think about how you are investing your money for growth. When your money works for you it is one of the best feelings in the world. This can be achieved through wise and patient investing over long (and sometimes short) periods of time.

As we grow, we will incorporate more information that we learn about investing.

LIVE

Of course, you also want to live and enjoy your money. You work hard and you deserve to enjoy your money.

The biggest rule with living is to spend less than you make. No matter how much money you make, there will always be places and things to spend it on.

Those who win with money, limit their spending and maximize the money they save and invest. When you spend less than you make, you create margin. You create some money that you can use towards other things like investments and generosity.

When you start making real money, don’t spend too much on buying a new car or items that won’t bring you any long-term financial success. If you want a new pair of those pumps – save the money and buy it when you can afford it.

GIVE

How To Start Making Real Money In Second Life

Giving is the cornerstone of Investor Generation. We believe this generation can be one of the most willingly-generous generations that have ever lived.

Like it or not, we are all going to have to give away the money we have at some point. One of the most powerful and impactful things we can do is to have something to give away and to be wise about where we distribute it throughout our lives.

INVESTOR GENERATION: MONEY MANAGEMENT BASICS

How To Start Making Real Money Using

• Spend Less Than You Make
• Save A Portion of Every Cheque
• Enjoy Some of Your Money
• Give It All Away (Over Time)

WRAP UP

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That’s the whole plan, we didn’t take much time to show you how the plan works all together but if you are able to see where your money is going and how wisely to save, live with it and give it away you can get on the path towards lasting financial success.

How To Start Making Real Money At Home

As you start to make more and more “real money”, you want to make sure that you are sticking to a plan and executing. You want to know where you are on your journey towards financial independence (if that is your goal) or towards financial health(which is our goal).