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How To Earn Extra Cash While Growing Your Business Empire

As an entrepreneur, you may be aware that you can get financially unstable at times due to the market’s condition and other factors. So, consider ways to get income on the side that will help alleviate some of the financial stress. Try these 5 ways…

1. CAR FOR RENT

Rent your personal vehicle to others in need. You may post an Ad for free at Gumtree or spread the word through self-printed flyers. Get acquainted with the user first to have a firm and trusting agreement regarding the car’s usage. This will allow you to focus on your business while your car is making money on its own.

2. RENT YOUR GUEST ROOM

If you are okay with sharing your house with other tenants then rent out the empty room/s. Once again, get to know the tenants first (i.e., personality or cleaning habits) and set some ground rules because you might be living with them for more than a month. In an event that you need to go overseas for business, then you may rent the whole house to them and charge them more.

3. TRY ONLINE OUTSOURCING

Some online websites allow users to outsource their skills on a freelance basis. If you can do website development, clerical jobs, writing an essay, video editing, or any other skill…try signing up for Odesk to get decent extra income. Salary payment in Odesk is painless because Credit Cards, PayPal accounts, and Bank Accounts are accepted.

4. INVEST IN REAL ESTATE

There are a lot of methods for making money in real estate that do not require your full-time effort so you can focus more on your growing business. You can consider purchasing properties and resell them for profit (flipping houses) or real estate wholesaling. If this area is unknown to you, find your friends or people in your area with the expertise that you do not have and partner with them.

5. CREATE A NETWORKING EVENT

Image Credits: Image Credits: Cydcor Offices via Flickr

Organize networking events to help young professionals interact with the environment. You not only help others to make valuable connections but you also make money by charging the participants for the food or the registration fee.

10 Rules of Success from 19th Century’s World Richest Man

Who would have thought that a Scottish American with barely a dollar to his name would soon be the richest man in the world?

Andrew Carnegie migrated to the United States with his low-income parents in 1848. He then started to work as a telegrapher. 10 years later, he had investments in railroads, bridges, railroad sleeping cars, and oil derricks. Then, his wealth increased further as he worked as a bond salesman.

He became the world’s richest man in 1901. Aside from having a high profile, he was also a philanthropist. This is the reason why he gave away about 90% of his fortune (US$350 million in 1919 = US$4.7 billion in 2015) US to charities by the time of his death.

Image Credits: wikipedia.org/wiki/Andrew_Carnegie

CARNEGIE ON WEALTH

Andrew believed in using his wealth to help the lives of others and enrich the society. In 1889, he wrote an article entitled: “The Gospel of Wealth” that preached his belief of good will. It stimulated the wave of philanthropy.

This is one of his memos:

“Man does not live by bread alone. I have known millionaires starving for lack of the nutriment, which alone can sustain all that is human in man, and I know workmen, and many so-called poor men, who revel in luxuries beyond the power of those millionaires to reach. It is the mind that makes the body rich.”

CARNEGIE ON SUCCESS

His philosophy go beyond wealth. At the height of his career, a young journalist named Napoleon Hill reached out to him to get insight about success. Andrew Carnegie instilled the “10 Rules of Success” to Hill and it has been the foundation of much of his work.

Here are the “10 Rules of Success” that you can use in your daily lives. These are laid out in Hill’s book entitled: “The Science of Success”:

1. Define your purpose.

2. Develop a “master-mind alliance” and expand your resources.

3. Take the extra mile.

4. Practice the “applied faith” and believe in yourself.

5. Have personal initiative.

6. Indulge your imagination and creativity.

7. Exert enthusiasm.

8. Think and judge accurately.

9. Focus your effort on the task.

10. Profit from adversity.

Sources: Business Insider, Wikipedia

4 Highest Paying Jobs That You Can Get With A Business Degree

One of the most sought after degree is Business Administration or any related Business course. If you desire to succeed in business, you shall not only focus on your grades but also on your networking both before and after you graduate.

Resources and connections play a huge part especially in the business world. Being able to keep in touch with your fellow graduates will help a lot.

Looking into the Highest Paying Jobs for Business Majors, I found a research by Monster.com and PayScale.com. Monster.com is an online global employment solution for people seeking jobs and for the employers who need the right people while PayScale.com provides salary data from its online database.

4. MEDIA SUPERVISOR

Average Salary: US$70, 800

Media Supervisors are usually found in the advertising or publishing field. They oversee media researchers, consumers, and planners to make sure that the right tone of ads appears on the social media, newspapers, radio, and TV shows. Their goal is to maximize the company’s media budget in the most productive way.

3. REGIONAL SALES MANAGER

Average Salary: US$71, 200

Regional Sales Managers are found in computer systems design, management, technical consulting services, agriculture, construction, health, pharmaceutical, and medicine manufacturing department. They develop goals and quotas, analyze staff sales, and manage training programs for the staff.

2. SENIOR FINANCIAL ANALYST

Average Salary: US$74, 500

Senior Financial Analysts are found industries such as banks, computer systems design, commercial equipment wholesalers, and security affairs. They are in charge of analyzing the data that affects the companies’ investment and other financial programs.

1. BUSINESS DEVELOPMENT MANAGER

Average Salary: US$82, 500

Topping the list are the Business Development Managers. Business majors in this line of work take advantage of business opportunities either by optimizing current revenue streams or creating new ones. They identify key partnerships, research information on consumers and competitors, and understand the industry’s landscape.

Image Credits: SmithGreg via Flickr

Popular industries that cater to Business Development Managers are consulting services, electronics and appliances stores, research and development services, and computer systems design.

Source: Monster.com

How Much Will It Cost To Live in USA, Singapore, Australia or Italy?

Cost of living is the total expense of maintaining a standard of living in a certain country. This changes over time and is often operationalized in a cost of living index.

In this chart is the comparison of the cost of living of four countries namely: United States of America, Australia, Singapore, and Italy.

Clothing And Shoes Ave. (in SGD)	USA	SG	AUS	ITALY

1 Pair of Jeans (Levis)	54.95	111.92	111.35	129.67
1 Summer Dress in a Chain Store (Zara, H&M, F21, etc.)	47.82	63.24	76.26	53.99
1 Pair of Men Leather Shoes	113.77	136.22	147.41	166.62

Total Clothing:	216.54	311.38	335.02	350.28

Rent Per Month Ave. (in SGD)

Apartment (1 bedroom) in City Centre	1,359.20	3,312.03	1,944.27	928.25
Apartment (1 bedroom) Outside of Centre	1,032.05	2,133.33	1,380.82	709.08
Apartment (3 bedrooms) in City Centre	2,313.77	5,955.30	3,335.58	1,634.16
Apartment (3 bedrooms) Outside of Centre	1,743.47	3,579.49	2,186.44	1,192.56

Total Rent:	6,448.49	14,980.15	8,847.11	4464.05

Ave. Salary After Tax (in SGD)

Monthly Salary	4,103.69	3,875.20	4,732.34	2,439.03

All the data were collated from Numbeo. It is a website that stores the world’s largest database of user contributed information about global living conditions.

Before discussing the variables in the chart, let us first explore a brief introduction of these four countries. United States of America, commonly referred to as U.S., is a federal republic country that is consists of 50 states. According to the International Monetary Fund, U.S. has the world’s largest national economy. It is considered as a developed country.

Australia, or Commonwealth of Australia, consists of the mainland and numerous smaller islands. In 2012, International Monetary Fund ranked Australia as the fifth highest per capita income among the world. It is also considered as a developed country.

Singapore, officially known as Republic of Singapore, is an island country in Southeast Asia. Despite its size, Singapore had the third highest per capita income around the world. It boasts its high regard on education, healthcare, and economic competitiveness.

Lastly, Italy is a parliamentary republic in Southern Europe. Human Development Report highlighted that Italy is a very developed country with its economy being the eighth largest in the world.

In the comparative chart above, Italy was shown to have the highest cost in Clothing and Shoes. Most of the famous chain brands originated from the U.S., which is why the country had the least cost on clothing and shoes. Furthermore, it is the reason why some items are cheaper when you buy it on its online store.

The Average Rent per Month is overwhelmingly dominated by Singapore. Renting a bedroom apartment at the city center will cost you about S$3,312.03 in Singapore. With that amount, a person can already rent two 3-bedroom apartments in Italy’s city center. The higher cost of rent in Singapore is due to the 718.3 km2 total area of land wherein millions of people reside.

Image Credits: Lina Hughes via Flickr

Lastly, in most of the factors, Australia sits strong on the second place. Although rent and clothing may be costly in Australia, the average salary per month is S$4,732.34. It is the highest among the other four countries.

So, if you are moving to a different country and curious about its cost of living, look it up on Numbeo. It has been mentioned in internationally renowned newspapers and magazines such as BBC, Forbes, The Economist, and New York Times among others.

Sources: International Monetary Fund, Numbeo, and Wikipedia

You’d Be Surprise At How Much Professional E-Sports Players Make

Playing video games or online games is now recognized as a sport. Better known as E-sports, the professional players are earning from their passion and are making more than you may think.

The “e-Sports Earnings” has ranked the 100 players with the highest overall earnings from competitive gaming without taking sponsorships or streaming income into account.

In this list of 12 Highest Earning E-Sports Professional Players, games such as DotA 2 (Defense of the Ancients), StarCraft, and WarCraft are the ones on top.

Defense of the Ancients 2 (DotA 2) is a multiplayer online game that is an expansion for Warcraft III. StarCraft, on the other hand, is a science fiction real-time strategy video game developed by Blizzard Entertainment and released for Microsoft Windows. Many critics have lauded the game to be one of the best video games of all time.

Lastly, WarCraft is a real-time strategy game where players command virtual armies against each other.

Isn’t it amazing doing something you love everyday and get paid for it? Truly, being a professional player is a dream of many teenagers today. On that note, here are the 12 Highest Earning E-Sports Professional Players…

12. Jang, Jae Ho (Moon)
Korea’s Jae Ho has proven to be unstoppable at WarCraft III with a total earning of $461,590.68.

11. Jang, Min Chul (MC)

One of the top StarCraft II players in the world, Korea’s MC has made $490,772.98 by regularly placing in tournaments of all sizes since 2010.

10. Lee, Young Ho (Flash)

Another successful Starcraft player from Korea is Flash. He has made about $495,091.53 from StarCraft: Brood War and StarCraft II.

Image Credits: włodi via Flickr

9. Lee, Jae Dong (Jaedong)

Jaedong, from Korea, has been making a huge pool of money ($569,616.64) by playing StarCraft: Brood War before moving on to StarCraft 2 in 2012.

8. Oleksandr Dashkevych (XBOCT)

Finally deviating from StarCraft and Koreans, Ukraine’s DotA 2 champion XBOCT has been bringing home about $591,943.76 since playing in 2011.

7. Danil Ishutin (Dendi)

Another successful fellow from Ukraine is Dendi. He has earned about $594,889.85 and has proven to be one of the world’s most threatening DotA 2 players.

6. Clement Ivanov (Puppey)

Puppey from Estonia has earned approximately $612,296.75 from competitively playing at DotA 2 tournaments.

5. Zhang, Ning (xiao8)

Ning from China has earned $1,102,698.15 that is hugely because of their recent DotA 2 international tournament win.

4. Zhang, Pan (Mu)

Hailing from China, Mu has earned about $1,168,495.86 from the world famous game called DotA 2.

3. Wang, Zhaohui (SanSheng)

SanSheng is also a pro DotA 2 millionaire from China. He has earned about $1,179,959.08.

2. Jiao, Wang (Banana)

Jiao, Wang has earned about $1,185,934.87 by being a power fist at DotA 2 tournaments.

1. Chen, Zhihao

You guessed it! Also a DotA 2 player from China, Zhihao or “Hao” has earned a huge sum of money by playing his passion. He has earned a total of $1,198,585.88.

Image Credits: dfactory via Flickr

Sources: Wikipedia and e-Sports Earnings

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