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1. Boost Your Profit MarginA profit margin isn't strictly reserved for businesses; it also applies to you. "By increasing the gap between what you earn and what you spend, you end up with a profit in exactly the same way a business earns a profit," said J.D. Roth of personal finance blog MoneyBoss.com. "This profit can then be used to pursue your long-term financial goals."
To specifically reach a million bucks, you'll need to boost your savings rate substantially more than the normal 5 percent to 15 percent, said Roth. He suggested saving half of your income, and noted that you'll have to make hard choices of deferring present spending in exchange for future financial success. For two-income families, he suggested choosing to live on one income, and saving and investing the other salary.
2. Start With $10 Million"Start with $10 million" is actually a joke, and it reflects how our brains tend to trick us into doing the wrong thing when investing. The best way to circumvent our "inferior mental angels" is to learn about investing, create a plan and stick with it.
Our psychology often works against us, said Kirk Chisholm, principal at Innovative Advisory Group. It's not difficult to make a million with investing — if you start young enough and avoid psychological pitfalls, such as following the crowd.
Avoid trading in and out of your investments. Create a sound investing plan, invest through thick and thin, and over time you can become a millionaire. Those who buy and sell more frequently tend to underperform compared to those who buy and hold, according to Vanguard Research.
3. Turn Your Passion Into a BusinessPassion alone won't make your first million. There's no substitute for luck and flexibility. "Find something you are truly passionate about, become the authority and make a business out of it," said Joseph Carbone, wealth advisor at Focus Planning Group. "Not only will you be happy, but you probably will be very successful."
The Chipotle story illustrates this. After finishing culinary school in 1993, Chipotle founder Steve Ells was excited about starting a fine-dining restaurant. Lacking funds for the upscale place, he took a small loan from his father and opened his first Chipotle, to raise money for his exclusive restaurant. After selling 1,000 burritos in the first month, his passion for cooking veered from a high-end restaurant into a successful path to wealth, with the popular Chipotle Restaurants.
Furthermore, expect to fail along the way. Don't be surprised if there are some bumps along the way before hitting that million-dollar idea.
4. Invest EarlyGetting rich can be a matter of mathematics. It's well documented that investing in the stock market over many years, reinvesting your dividends and letting that money grow and compound can make you a millionaire. But it's also a matter of knowing how much to invest, in what types of mutual funds and for how long.
You can find out how much you need to invest, for how long and at what return with a simple calculator. Todd Tressider, former hedge fund manager and owner of the FinancialMentor.com developed a calculator to help with this. For example, you can calculate that if you invest $500 per month in a diversified stock market index fund, such as the Fidelity Total Market Index Fund, earn an average 7 percent return, assuming a 2 percent inflation rate — in 36 years, you'll be a millionaire.
If Henry starts at age 25, by age 61, he'll be a millionaire. If he starts later, he'll need to save and invest more. If Henry chooses lower-return investments, such as money market funds or certificates of deposit (CD), he'll have to save thousands of dollars more to compensate for those investments' lower annual rates of return.
5. Be PatientRegardless of the path you choose to get rich, it will take time. Investing in the stock market takes years for your money to grow and compound. Starting a business and nursing it to success doesn't happen overnight. When it comes to the math of compounding returns, the greatest financial growth occurs in the later years.
"Making your first million will often take longer than making your second," said Daniel Zajac, certified financial planner and partner at SimoneZajac Wealth Management Group, and founder of the blog Finance and Flips Flops. "Whether it's through building a business, or years and years of saving, the first million is often the hardest. Stay committed, stay patient and keep your eyes focused on the goal."
Don't let the initial slow growth through compounding or the pitfalls of starting your own business thwart your long-term wealth aspirations. Fear and impatience can be your worst enemies when trying to make $1 million.
6. Invest in Real EstateInvesting in real estate has long been a path to wealth. However, it's much easier to initially invest in real estate in lower-cost-of-living areas. If you live in San Francisco or New York City, you might want to invest in an up-and-coming area.
Atlanta resident Paula Pant, owner of personal finance blog AffordAnything.com, is building wealth with a real estate portfolio. Save enough to make a down payment on a rental property with a strong positive cash flow, she said. This means that after you pay the bills, there's money left over to go into your bank account.
Over time, as you pay off the mortgage, you'll ultimately own the property outright. Pant suggested starting with one property and repeating until you reach $1 million.
7. Adjust Your LifestyleDiscard the myth that millionaires all spend with abandon and live high on the hog. In the book "Millionaire Next Door," award-winning authors Thomas J. Stanley and William D. Danko studied how individuals became rich, and their findings were surprising.
"Many people who live in expensive homes and drive luxury cars do not actually have much wealth," they wrote. "Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods."
The authors found that high salaries don't necessarily translate into high net worth. In fact, Stanley and Danko found that those who accumulated the most wealth would be considered frugal themselves, and married to conservative spenders as well. The gap between income and spending is an asset for those learning how to get rich. Think about it realistically: You can't build wealth if you spend all that you earn — or worse yet, spend more than you earn.
8. Max Out Your 401kThe government gives you a wealth-building gift: the 401k account. Here's how you can use it to make your first $1 million:
In practical terms, if you contribute $18,000 annually to your 401k and earn 7 percent by investing in an average stock mutual fund, you will be a millionaire in 23 years. Invest less or earn a lower return, and it will take longer to make your first million.
"You don't need to be the next Richard Branson to make your first million," said Grant Bledsoe, founder of Three Oaks Capital Management and blogger at AbovetheCanopy.us. "Just take what the IRS gives you."
9. Be a Wealth-Building HustlerIt might sound obvious, but if you want to make your first million, you need to generate more income. If you're making just enough to pay for rent, food and utilities, it's unlikely that you'll get rich. You don't need to be brilliant to become a millionaire, but you do need to be disciplined, hard-working and creative.
Wealthy entrepreneur and businessman Mark Cuban started creating income streams at age 12. He sold packages of trash bags so he could afford to buy the shoes he wanted, according to Biography.com. In high school, he peddled stamps and coins for extra cash.
Cuban took college psychology classes in his junior year of high school, then skipped his senior year to begin college full time. This illustrates the wealth-building hustler attitude. He gave up free time and leisure to pursue his dreams. The same holds true for many millionaires.
10. Avoid a Self-Defeating MindsetWealth-building is as much a mindset as anything else, so it's important to make sure you eliminate beliefs that will work against you. If you want to make your first $1 million:
If you want to learn how to make your first $1 million, it's preferable to start when you're younger and be patient. It's also crucial to have fun along the way, because, ideally, that's the point.
Next10 Best Credit Cards for Big Spenders
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Barry University associate economics professor Charles Evans made the claim during the trial of Michell Espinoza, who according to The Miami Herald is accused of illegally selling and laundering $1,500 worth of Bitcoins to undercover detectives who claimed they wanted to use them to buy stolen credit card numbers.
Espinoza's defense team is arguing that the laundering charges are invalid due to the fact that Bitcoin isn't technically money under local law.
"Basically, it's poker chips that people are willing to buy from you," Evans testified, despite the ironic fact that he was being paid $3,000 in Bitcoin for his appearance as a defense witness.
When asked by an attorney "is Bitcoin an actual coin… in a sense a physical piece of base metal?," Evans replied "No."
In addition, Evans also testified that no central bank backs Bitcoin, that regulation within the United States is scattered and nonuniform, and that the IRS considers trading with Bitcoin as bartering, before going on to liken Bitcoin worth to how collectors assign values to baseball cards or comic books.
Being watchedAccording to the report, the case is being watched by closely in financial and tech circles as it is believed to be the first money-laundering case against someone for dealing in Bitcoins.
That's not an unfair call, although the circumstances of this case are also somewhat different: Espinoza was trapped by detectives using LocalBitcoins to make the exchange with the illegality only due to the fact that the detectives told Espinoza what they wanted to use the Bitcoin for; conversely if they hadn't told Espinoza they wanted the Bitcoin for nefarious purposes, would it have not then been a legal trade?
RELATED: Bitcoin Weekly 2016 March 30: CoinTrader exchange closes doors, Coinkite shutting down web wallet, MIT raises $900,000 for Bitcoin Core devsThe defense claim that Bitcoin is not money is a novel defense which shouldn't be accepted, but given legal statutes were written prior to the invention of cryptocurrency it may well be found that under the law, Bitcoin is indeed not money.
Miami-Dade Circuit Judge Teresa Mary Pooler will making a ruling of the defense's motion to dismiss in approximately two weeks time.
Image credit: 59937401@N07/Flickr/CC by 2.0Duncan is a co-founder of VC funded media company B5Media and founder of news site The Inquisitr, and was a senior writer at TechCrunch in its earlier days.
Tips? Press releases? Intersting startup? email: duncan@nichenet.com.au or contact Duncan on Twitter @duncanriley
Latest posts by Duncan Riley (see all)A new study published in the Economic Journal has proclaimed that children earn more money if they are surrounded by books during their formative years.
Economists Giorgio Brunello, Guglielmo Weber and Christoph Weiss of the University of Padua looked 6,000 men born in nine European countries in the mid-20th century. Subjects were categorised depending on whether they had fewer than 10 books at home, a shelf of books, a bookcase with up to 100 books, two bookcases, or more than two bookcases.
Researchers estimated the effect of education on lifetime earnings by "distinguishing between individuals who lived in rural or urban areas during childhood and between individuals with access to many or few books at home at age 10."
Subjects with greater access to books were also found to be more likely to move to the better-earning opportunities in cities than those with few books.
"Perhaps books matter because they encourage children to read more and reading can have positive effects on school performance," researchers said. "Alternatively, a home filled with books indicates advantageous socio-economic conditions."
Michael Kozlowski (6206 Posts)Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about electronic readers and technology for the last four years. His articles have been picked up by major and local news sources and websites such as the Huffington Post, CNET and more. Michael frequently travels to international events such as IFA, Computex, CES, Book Expo and a myriad of others. If you have any questions about any of his articles, please send Michael Kozlowski an email to michael@goodereader.com
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Blogging, vlogging, Instagramming, Snapchatting: today's media is filled with voices competing on channels that keep multiplying. But with such a crowded marketplace how do you cut through the noise and become truly influential? And once you have a following, how do you take it to the next level and make that influence pay?
This year's VIVID Ideas festival kicked off its program at the Museum of Contemporary Art on the weekend with a panel discussion entitled Taking it to the next level.
Panelist Kate McKibbin, who produces the successful blogs Secret Bloggers' Business and Drop Dead Gorgeous Daily, set out the challenge: 'You want to be able to replace - if not exceed - your full-time income with profit from your blogging.'
For expert influencers, blogging is not just an online diary or a replacement for a scrapbook, it's a shopfront for a business. These are people with more than a million followers whose blogs have gained a cultural and financial foothold.
Finding your niche and sticking to it is the key, according to Jim Butcher, who produces Mr & Mrs Romance with his wife Christina. He said it was essential to write about what you know, not set out to drive traffic.
'We write about the life we live,' said Butcher, whose channel explores travel and lifestyle from a male and female perspective.
There are many options for turning your expertise into income. The most common cited by successful bloggers are:
Lorraine Murphy, of The Remarkables Group said bloggers need to diversify their income. 'It is important to have several different income streams - you can't relay too much on one thing or one advertiser. Think of it like a stool – it needs three legs to stand up.'
Jen Bishop, whose biggest source of income through her blog Interiors Addicts is display advertising, agrees it is important to have several irons in the fire. 'To rely on one thing its dangerous; it is just not sustainable. Everything we make goes back into the blog. Anyone starting out needs to have a reliable income outside of your blog. You are lucky for it to support one full time salary.'
Tara Francis of Collective Hub said opportunities are growing quickly. She said brands that were nervous about advertising with digital influencers four or five years ago are now completely "with the program".
For Kate McKibben display advertising proved unsuccessful. She started blogging just as the GFC descended with its financial gloom.'I realised very quickly that was dead.'Instead she turned to sales. 'eProducts have been a big thing for me as well as online challenges, online courses and eBooks,' said McKibbin.
When it comes to sponsored content, all expert influences advise bloggers to be extremely clear what you want to get out of a partnership with a client, and what you can give in return while maintaining the integrity of your own product.
McKibbin said: 'A lot of influencers coming up don't know how to work with brands.' She said that being aware of the add value that you can provide, and professionalism in developing that relationship with a client and providing reporting can make a difference.
The right investmentDeciding where to invest your time and money is also essential to monetising your blog.
For Jen Bishop the decision that turned her channel around was getting good lighting and sound equipment to upgrade her video content. 'The quality shot skywards and so did the clicks,' she said.
Choosing the right social platform is important. While there has been a lot of commentary surrounding the growth of Instagram – 72% year on year – all our digital influences swear on a combination of Facebook and Instagram.
But all that posting is fruitless unless you drive audiences to your site. The game-changer for all these influencers has been driving their email databases. Find a carrot which will tempt people to give you their email addresses: a free download, premium article, course or newsletter.
Once you have your own database you no longer are left to the whim of changing algorithms and have more control of your business.
Read: Coping with digital overload
Finding the menAt the Vivid talk 95% of the audience was female. But that doesn't mean you can only speak to half the population. The only male panelist, Jim Butcher, of Mr & Mrs Romance, said that there is an opportunity to find a male audience if you understand what they want. 'Men don't tend to build online relationships - they don't hang around very long. They want to find it and get out, so I write how I find it.'
Francis said that readers of Collective Hub weight 70/30 to female. 'The vast majority of magazines purchased in Australia are by females so skew is naturally towards them. But if you drill down into the content we produce it is gender neutral. It is about a mindset.
'You have to actively look at and ask "Is it too female?" that mix of interviews within articles, whose in the images being posted and so on. It is completely foremost everyday in our minds,' she said.
Eight tips to monetise your blog
First published on Monday 30 May, 2016Buy AutoTrafficRSS script now for $27 only!
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Read more on this topic…Blac Chyna, Rob Kardashian News: Couple To Make More Money Off Their Baby Than Kim Kardashian? [VIDEO]
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Many of the women are stay-at-home-mothers hoping to monetize their blogs: In exchange for free stuff and experiences, or more formal paid-sponsorship agreements, they enthuse about a company's product on their blogs and social-media platforms. Some of them make as much as they would at a traditional job outside the home.
This is the world that Josi Denise, a 27-year-old pregnant mother of three, inhabited until May 13. That's when, after deciding to shutter her popular blog, the American Mama, she wrote of "fake nonsense I used to share on the Internet . . . writing about my fake life and oh-so-happy marriage," calling it "pure bulls**t."
The post attracted backlash from other blogging moms, who attacked with comments that ranged from, "You're a sick, sick person and I feel horrible for your children," to, "I think she is jealous, hormonal and just plain unhappy."
Denise started blogging in 2013. She was 24 and married with two young children, living in Miami Beach, Fla., where she worked as a marketing director for hospitality groups. She was working 60 to 70 hours a week when the relative who watched her kids had to move away suddenly, and Denise was faced with a decision: Keep working and put her children, then ages 1 and 4, in day care 10 hours a day, or quit her job?
Denise made money through sponsored blog posts like this one for Dove.Photo: Josi DeniseShe opted for the latter, putting her career on hold to stay home until the kids were a little older. But Denise quickly realized that she was bored and restless. This was right around the time Instagram was getting popular, and she had been occasionally sharing recipes and anecdotes to good response.
She thought about starting a blog. It seemed like a no-brainer.
At first, Denise was excited — other mom bloggers were encouraging, and it was thrilling that she could possibly create a career.
In the beginning, starting a blog is inexpensive. "Anyone with Wi-Fi and some kids to take pictures of can start a blog," Denise tells The Post. "That's the lure that draws so many women in. It's only later that you start to realize there are a ton of things you hadn't thought of, from technical details to Web site design to joining all these networks and conferences, where they teach you how to grow an audience, to, you know, how to actually make money doing this.
"Other bloggers make it seem easy. It really isn't. If I wanted to make money — and I did — it was all going to be a sponsor game."
There are companies that act as the middleman between brands and bloggers and they post sponsorship opportunities — a k a shopportunities. To prove herself, a blogger might do a few posts for free, writing about a product she already has and uses. If this attracts notice from the brand managers, it could lead to a few paid posts.
Since Denise had already been working in marketing, she knew how to play the game. Soon, she had her pick of brands.
"But these posts take a lot of time, and the [brand] campaign leaders will critique everything you write and ask you to repost," says Denise. "For instance, when I got my first paid 'shopportunity' with Tyson Foods for a game day, chicken-finger post, I wasn't allowed to say 'Super Bowl,' because it's copyrighted. I had to say 'the Big Game.' "
Still, when the first paycheck for $125 arrived, it was validation.
"I felt valuable," she says. "At the same time, I felt like anything I posted, the brands were watching me. You don't want to post anything too real."
'It wasn't a steady paycheck, but if you worked constantly and nonstop, you could make a lot of money.'
Dark — say, marital troubles or feeling burdened by the demands of motherhood — isn't advertiser-friendly. Instead, Denise noticed a "constant positivity" throughout the mom blogosphere.
"The other bloggers in your community won't share your content with their readers [if it's not cheery]," she explains. "And if the [blogger] networks don't share the content, then your own numbers suffer."
Those numbers are crucial for bloggers to land more paid gigs, but her chirpiness on her blog was in stark contrast to her own unhappy marriage.
"I felt I could somehow control things as long as it looked good online," says Denise
And, when she tried substantive entries about topics that actually interested her — for instance, "What Millennial Mothers Need To Know About the State of the Union Address" — received few clicks. Readers didn't care.
Still, Denise had a huge following: 50,000 unique page views per month on her site. She developed a sponsor relationship with Bigelow Tea, and they asked her to post a recipe with Bigelow Tea Perfect Peach Iced Tea pegged to Father's Day.
"So there we all are, family time, grilling on Father's Day with peach iced tea, but you can't enjoy the moment you're having with your kids, because you're taking endless photos and it's all stage-directed," says Denise. "You're worried about getting the company logo in the frame, and your kids smiling, and you're taking shot after shot. 'OK, now you stand behind the grill!' . . . I posted the pictures with a caption that said, 'We had SUCH a great time grilling Sunday!' and it's like, 'No, actually we didn't even do that on Father's Day. We did it a month ago so the content would be ready.' "
Her children were mostly good-natured about all the photos she took, but that in itself began to concern her. They'd become used to her being behind the lens rather than involved in activities with them.
And then there was the free stuff. Denise's haul ranged from inexpensive daily household items — an electric pedicure kit, a soap-making kit, a nonstick frying pan — to an $1,800 experience swimming with dolphins in Jamaica.
Denise's daughter Gabriella got to swim with dolphins after a sponsor paid for the family's vacation in exchange for blog posts.Photo: Josi DeniseOnce Denise became an established "influencer" with her American Mama blog, she was invited to the Social Influencers Travel Summit in Atlanta, where her food, drink and hotel was covered for four days.
One agency coordinates the bloggers, and the amenities are taken care of by sponsors. With such trips, there is generally no contract or promise made to write about the event — the expectation was unspoken.
"But of course influencers will share about it. They want to brag to their audience that they are important enough to be invited on an all-expenses-paid trip," says Denise.
She walked away from the trip wondering, "What was the point of that?"
In December of 2014, Denise was invited by NASA to a rocket launch in Cape Canaveral, Fla., after she posted a vacation picture from the Kennedy Space Center. But she spent the sponsored two-day trip wondering why she was there.
Denise's son Nicolas had a great time during a sponsored vacation at the Kennedy Space Center.Photo: Josi Denise"It was clear that social-media influencers being present was a joke to the rest of the attendees," says Denise. "The majority of [bloggers] were unprofessional, scrolling through their phones while astrophysicists were speaking, and loudly joking about taking the perfect Instagram selfie in front of the rocket rollout as television crews filmed live astronauts just a few feet away."
Denise also posted pictures to her blog during the Kennedy Space Center vacation.Photo: Josi DeniseFeeling out of place, Denise skipped the rest of the planned events and watched the rocket launch alone on the beach that night, no credential badge required.
"That was the moment that started to open my eyes that maybe I wasn't cut out for the influencer 'career path,' " she says.
Still, she kept going. The money was hard to resist.
She started to plan family time around paid posts. "Someone wants to send us a board game while eating a certain cereal? That's what we're doing on Friday," she says. "I was playing the game with them, but I wasn't really there. I was watching and thinking about how I was going to caption the photo I'd take. It all took away from real time with my kids."
These kinds of dual sponsorship opportunities were common. Denise might get asked to shop at Walmart, purchase a Dr Pepper and a Snickers bar, and take a photo in-store before embarking on a "mini road trip," telling the story of how her family "refueled" with the aforementioned products.
While most paid posts start at about $125 to $150 apiece, Denise eventually made $700 to $1,500 a post.
In her first six months, she made $12,000.
"I remember one month during the first six months where I made $3,000," Denise says. "It wasn't a steady paycheck, but if you worked constantly and nonstop, you could make a lot of money. Still, that leaves no time to live your life. In order to get to the point where people are really paying you, you're going to write so many $150 posts that take a surprising amount of work."
'I'm not playing that game anymore. I'm moving on from writing posts about chicken and cupcakes.'
Most women don't necessarily do it for the money, Denise noticed, but rather for validation — the feeling of importance that comes from working with big, national brands like Bigelow Tea and Coca-Cola.
"They aren't very honest about what's going on in their lives," she says. "I was certainly one of them."
Something had to give. It was 2015 and Denise had just had her third child. Suffering from postpartum depression, she had a prescription for anti-anxiety meds, a first for her. She was overwhelmed, and starting to go through a divorce.
"I remember one day sitting in my bed with that bottle of pills and thinking, 'Should I take more of these or make some changes in my life?' " recalls Denise. "So I decided to move to southern Indiana, where I grew up."
Her three kids — Leonardo, 1, Gabriella, 4, and Nicolas, 7 — were suddenly surrounded by Denise's family and friends. She started a relationship with the man who has been her best friend since she was 15.
"I felt like I was really me now, actually living a genuine life. If I had a romantic dinner, I didn't need to take a selfie," she says. "If the kids and I were having a great time, I didn't need to Instagram it."
For the first six months or so after moving to Indiana, Denise put off blogging. She stalled when responding to paid sponsorship requests. She published a total of three blog posts in 2016, and did only a handful of paid social-media campaigns. Her new life brought happiness, but she struggled with the issue of how to keep writing about things she didn't care about after having already presented a false face to the world.
She realized she couldn't.
"Nobody is reading your s–t," she wrote in her screed to other mommy bloggers. "You are not being helpful, and you are not being interesting."
She has no regrets about the post. "I didn't do it to attack an entire community," she says. "I was saying to all these moms who are putting so much pressure on themselves, 'Hey, there is more to your life.' "
The loss of income was obviously a concern for Denise, but, in the end, she decided that money could not be the sole motivating factor behind what she did.
"Knowing I could rejoin the traditional workforce is also comforting," she says. But as for paid content, "I'm not playing that game anymore. I'm moving on from writing posts about chicken and cupcakes. These days, If I'm at a park with my kids now, I'm there, at that park. I feel a real sense of community — not the false kind I tried to create online."
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Everything has its pros and cons and online buying right now is a killing. The youth has gravitated more towards online everything. Just like having a whole conversation online well, people want to buy clothes at the comfort of their homes. In that case, one does not have to go to that particular place; you can get things from as far as Europe within a shot space of time.
Lindokuhle Adequate Zwane is a 23-year- -old online fashion boutique owner. Her zeal for fashion and buying things online motivated her towards opening her own boutique. Lindokuhle saw the need for such a market since people kept bugging her about her outfits; where she had bought them and would be amazed at the prices so she decided to start selling those things. "I am passionate about fashion, I know it never ends, but just revolves," she says.
Ambitious
Without overselling her, but Lindokuhle admits to being overly ambitious, which drives her to excel at anything she does. The Industrial Psychology student says she wants to be independent; which is why even though studying, it does not make her lose focus of her passion. "I am just a girly girl, and could have studied anything regarded manly but would still want to be fashionable."
"I would wake up early and sleep late because I would be checking trends out there, when people play games on their phones and laptops. I will be browsing through online shops. And I also enjoyed helping people with putting their outfits together. That is exactly how I knew I want to be in the fashion industry," she says with a shrug. Lindo, as affectionately known, has a simple style and right now is working on opening a 'simple but neat' shop with good lighting.
Fashion
"Fashion is about expressing my identity. It will mean showing people who I am through fashion choices and using my clothes to tell them something about me. I have the desire to continually grow in fashion. I am looking forward to be a well known professional stylist. It is always good to have something to fall back on; to have so much in your plate so you can never go hungry," she states.
To think that young people want to do certain things with friends, Lindo has managed to stand on her own and make something good she can admire as hers. "I learnt that you can always stand up on your own and do incredible things. My successful online boutique has helped me be myself. I plan and choose hours which are suitable for my blogging. I use productive hours efficiently to take care of my blog and studies. Because I love what I do, I wake up everyday excited about it. I never have to consult anybody about anything and it really keeps me financially stable."
@adequate_onlineboutique
Lindo has her own style icons she looks up to, but it is not your typical Beyoncé's. She says it is Thuli Mola who owns a fashion brand called Style Alert South Africa. "She is an influential style blogger, and recently launched Style Master Classes. She has influenced me to grow my business, because she also uses social media to market her brand. She shares that 'girl power' that just drives me. I would say she has helped me to be financially independent,"" she says.
Plans & Aspirations
"I never really have spare time, but always make time for my friends, because I enjoy going out and exploring with them. Being out going exposes one to a lot of things. It actually broadens your mind. Otherwise, there's so much I want to do. My boutique started small last year and right now I am working on expanding it. I have to," Lindo says.
Lindokuhle is always on the lookout for latest trends. She checks out fashion bloggers daily for inspiration. "I love dressing up neatly and appropriately. So, helping people on what to wear for different occasions really helped me in fashion. Advertising, networking, and marketing increase my fashion sense. My frustration is juggling time between my business and studies. Blogging on its own requires so much time, and so is studying," she states.
She says right now she is looking forward to sharing her fervour for style with a variety of people, which includes styling models for photo shoots, and styling celebrities for television shows and movies. "Advertising on Instagram really gets visitors. And allowing my client to advertise what they bought from me drives more visitors. I was lucky enough to turn my hobby into a profession."
Blogging to make money is not easy; it comes with passion, determination and hard work. "Having to give all my clients full attention is a challenge but I try to give the best of my ability to everyone and good service. I wear trends; I am always simple and elegant. Promise Motau is my fashion inspiration; she motivates me to blog often."
"I get to dress a person for occasions, which really gives me a great feeling of pleasure. I also do get invites to attend fashion events. Fashion blogging really is interesting, because by the time new trends reach on popular magazines, and television, we already know about it," she humble brags. You can follow Lindokuhle on Instagram: @adequate_onlineboutique
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Former Texas Longhorn and NFL star Ricky Williams has a checkered past with marijuana throughout his football career — leading to multiple suspensions and a brief retirement — but now he's going to make money off of it.
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Williams, 39, has backed Power Plant Fitness, a weed-friendly gym scheduled to open this fall in San Francisco, according to a news release, via mysanantonio.com. Williams is a partner and spokesperson for the gym that was founded by Jim McAlpine, who is also the co-founder of the 420 Games, a series of running events developed to destigmatize cannabis.
"Having Ricky Williams as a partner is (expletive) awesome because he exemplifies a successful and very athletic person who also uses cannabis," McAlpine told Complex. "Ricky is as smart as he is a talented athlete. And that is a big statement."
McAlpine added in a blog post that the gym "won't be a place to get high and just screw around. We are focused on the athletic side, not the cannabis side."
Williams, who won the Heisman Trophy in 1998 at Texas and was drafted with the No. 5 pick in the 1999 NFL Draft by the Saints, has always maintained a stance in support of the marijuana.
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"I was a really good football player, a really good person, my teammates loved me, my coaches loved me, but my career and life were ruined because of a drug test," Williams said, via the ibtimes.com. "It doesn't make sense. They have to take a more humane approach to this.
"For the most part, the NFL is a closed system; they don't have to keep up with the times. Because they are a business that depends on viewership, only when the viewers speak, the NFL will follow."
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