How To Be Successful

How To Be Successful

Photo by dailymotivation via Flickr

Everyone wants to be successful. Yes, I said it. I don’t know of many people who can say that their goal is not to be successful. Being successful doesn’t mean that everything is about how much money you make.

Being successful means that you have reached a big goal of yours. Maybe success is obtaining your dream position at your favorite company.

Maybe it’s starting your own business. Maybe it’s have a family or buying your own home. It can mean anything, and you are the person to determine what success means to you.

How can you become successful?

Determine your goal.

What is your goal? In order for you to consider yourself successful, I’m going to assume that you have some sort of goal and you then (of course) reached it.

Your goal can be anything. You determine that. What do you consider success to be?

Figure out how you can reach your goal.

Your goal may mean that you will have to work 70 hour weeks and raise a family. You might have to work two jobs. Whatever your goal is, you will most likely have to work hard. I don’t think many successful people will ever say that they didn’t have to work hard in order to be a success.

Make mini goals.

If you are like me, then you may need mini goals.  These can help keep you motivated. For example, if you are trying to be student loan debt free within 5 years, you might set mini goals for each year until you reach your ultimate goal.

Don’t be afraid to fail.

“I have not failed. I’ve just found 10,000 ways that won’t work.” – Thomas A. Edison

When trying to reach a goal, you may fail. Most people don’t become a success with absolutely no bumps along their journey.

Your plan may not go exactly as you plan. Suck it up and find a way around it.

Find a role model.

I think finding a role model is very important. You can find someone who has done what you are trying to do and hopefully learn from their mistakes.

Believe in yourself.

“No one can make you feel inferior without your consent.” – Eleanor Roosevelt

Being positive about yourself and what you can achieve is very important. If you don’t believe in yourself, then it’s very hard for anything to actually happen.

What are you doing to be successful? What is success to you?


This post was originally published in December of 2013 but it’s one that I think everyone needs to read every now and then. I hope you enjoyed it! 

How To Start An Online Business

How To Start An Online Business - Online Business IdeaStarting your own business can be exhilarating. I know this because I still wake up every single day extremely motivated for my very own business that I run.

For me, I run an online business and I honestly wouldn’t have it any other way.

An online business is great because you can be location independent and work from wherever.

An online business is also usually very affordable to run day-to-day as the startup and continuing costs usually are quite low when compared to business in other industries.

Below are my tips and suggestions on how to start an online business of your own.

You should think about what you are going to sell and/or create.

Thinking about your online business idea is a very important step. It’s not just something you should just pick out of a hat.

Have you thought about what exactly you will be selling through your online business? Will you be selling a product, such as a craft that you produce, or will you be selling a service, such as content that you write?

In order to run a business with a successful online business idea, you should not just pick something random and hope that someone wants to buy it. You should do your research, see if you actually enjoy the online business idea, and see whether or not there is a need for what you are planning on selling.

Is there a market for what you want to sell?

You might have what you think is the best idea in the world, but do you know if anyone will actually pay you for your product or service? You need to do your research and see how large the market for your product is, who your target market is, and more.

Does your online business idea need to be registered?

You will need to do research and see if your online business idea needs to be registered, if you need to be certified and so on in order to create and/or sell your product.

You will also want to think about whether or not you want to incorporate your business. There may be legal and tax benefits depending on the type of business entity you form.

Do you have a website for your online business idea?

With an online business, you will definitely need a website or be listed on a website where someone can find you and the services and/or products that you sell. Your website will need a domain name and you will need to pay for hosting too. In the beginning, and depending on your business, this will most likely be very cheap. Probably less than $100 when you start.

However, you will also need to think about whether you will create your website yourself or if you will pay someone else to create it. This is most likely where the majority of the expense of having an online business will come into play. Some can find a cheap website design for $100, whereas others pay $10,000. Remember you get what you pay for.

Get on social media.

For your online business idea, you are most likely going to want some sort of social media presence. You should do your research and see what is best for the type of business you are running.

For example, a person with a clothing business that is targeted at young children most likely does not need a LinkedIn presence. However, an Instagram and/or Facebook presence is most likely a need in order to run a successful and thriving online clothing business.

Are you interested in learning how to start an online business? What online business ideas do you have?


Tax Tips For Self Employed Workers

Tax Tips For Self Employed self employment taxesTax time is right around the corner. I’m sure I don’t have to tell any of you that though.

If you are like me, it’s probably a time that you dread. I’ve always dreaded tax time though, not just since I’ve switched to being fully self employed.

I am just an unorganized person. No matter how organized I actually am, compiling everything still overwhelms for me. And now that I am self employed, there are many more things to compile, such as business expenses that I’ve incurred over the past year.

Luckily, the hard part should already be done. As a self-employed person, you should already be paying quarterly estimated taxes, which will include your estimated self employment taxes. Let’s just hope that you don’t owe any more than that though!

Here are my tax tips for self employed workers, freelancers, side hustlers, and more. As always, I am not a tax professional so please contact one if you have any questions.

Gather all of your documents.

My first of my tax tips for self employed workers is to gather all important business-related documents that you need.

If you haven’t already, you need to make sure you actually have all of the documents you need in order to file your taxes. These should all be easily accessible. Some like to keep paper copies, whereas others might scan all checks and receipts onto their computer. Either choice is fine, just make sure everything is kept safe and secure so that it is readily available once tax time comes rolling around.

Some of the documents and receipts that you might need to gather, depending on your business and your situation, include:

  • Health insurance and medical expenses.
  • Retirement contributions.
  • Expenses from supplies, equipment, and so on.
  • Information related to home office expenses if you plan on deducting that. That could include internet fees, “rent,” and more.
  • Receipts from business-related meals.
  • Receipts and expenses from business-related travel, such as traveling to a business conference.

Organize your documents.

After you gather all of your tax documents, you need to organize them.

Throwing them all in a pile is usually not enough unless you want to drive your accountant crazy. It just makes everything easier on everyone to have them organized.

For me, I like to write right on the receipt or document what the expense was for if it is not obvious. I also like to write why the expense was needed for the business so that I do not forget. This is also helpful in case you get audited so that you can easily explain everything and not feel lost because you cannot remember something from years ago.

Do you need a loan in the near future? 

For us, one of the things we have been thinking about a lot is how much we should deduct from our taxes. Since we want to buy a house within the next year or two, writing everything off that is an actual business expense is not always a good idea since it can lower your net income that the bank will use in order to qualify you for a mortgage.

In fact, I even contacted a mortgage professional, and even the amount that I put into my SEP retirement account lowers my net income and can hurt me when it comes to getting approved for a home loan because it shows that my net income is lower than it is.

Due to this, you should talk to your accountant about what your options may be. You may have to pay higher income and self employment taxes over the next 1-2 years in order to get approved for a home loan if that is your goal.

Pay your final quarterly payment.

If you haven’t yet, the final quarterly payment for your taxes is due on January 15, 2015. However, you do not have to make the payment that is due on this date if you file your 2014 tax return by February 2, 2015. You must pay the whole balance due with your return on this date as well if you choose this option.

If you are new to the self-employment world, then I really hope you have been saving for and paying your quarterly taxes because income and self employment taxes can be a doozy.

What tax tips for self employed workers do you have to share?