United We Fall

 So the Pandemic hit and it seems you’ve had just about the right enough time to think about starting a business or at least a side hustle. Let’s assume you already know a few things about your new business idea some of which could be: 1.        The   Product you wish to sell 2.        How you wish to source the products etc. The big question then is: 1.        Who do I sell to? 2.        How do you get the product across to buyers? 3.        How do I get my product seen? 4.        Where is the money to get started? If you have asked some of these questions in the past, then you are no different than I was 3 years ago before I started JungleCell.com What Product Can I Sell? People talk about drop shipping a lot but they never really tell you the downside to this type of business...

1.  Assess your current situation:  I think this is the first step on the journey to financial freedom. Who are you? What is your current income? Do you struggle to meet your monthly expenses? How long can you last without any income? This is like a health check on your finances. Give your finances a random score out of 10, and trust me, you will probably be right. Knowing where you are, is always a good place to start your financial fitness journey. A good exercise to start with is to calculate your net worth. You can calculate your net worth in these three (3) simple steps: Step 1 - Sum up all your total assets (cash in the bank, stocks, bonds, car, home, land, etc.). Step 2 - Sum up all your total liabilities (credit card debt, car loans, personal loans, outstanding mortgage, etc.) Step 3 - Subtract your total liabilities from your total assets.  Your Net Worth = Total Assets - Total Liabilities.  Don't feel bad if the sum is negative, just continue reading. If it...