Investors and CEOs such as Ariah-Hossein Rastegar, founder of Rastegar Capital, have some suggestions for individuals who want to make money, but whose jobs that don’t pay enough. Creativity is a necessity for employees in need of additional income. With the median American income in decline, hard work and an entrepreneurial spirit can help employees find the extra income they need to achieve their personal financial goals.
Additional income can be found if an individual picks up a second method of employment. A part-time situation can increase yearly income and even allow individuals to use that extra cash to pay down debt. Blogging, consulting, and writing are a few methods available to individuals inclined toward sharing their skills and advice.
Employees can also consider markets like real estate as sources of potential additional income; purchasing investment property, flipping homes, or providing vacation rentals like Air BnB offer a multitude of opportunities to supplement the weekly paycheck. Half of all Americans are not prepared to pay $2,000 in an emergency if they had to, thus additional income can alleviate unneeded additional stress in already pressure-filled crises.
The internet also offers some methods for individuals to make extra money outside of their full-time employment. Some successful businessmen like Ariah-Hossein Rastegar point to online marketing as a viable way to earn money. Creating and monetizing a website can provide that extra bit of income that can make all the difference to a family’s financial budget. Reviewing and promoting products as an affiliate, email marketing, selling services, and selling advertising space can allow an individual to make more money even while working a low-paying job.
Ariah-Hossein Rastegar is the founder and CEO of Rastegar Capital, and like many other successful businessmen – Warren Buffet, Mark Cuban, Ken Griffin – Rastegar built his brand through experience and shrewd business acumen. Prosperous businessmen and investors like Rastegar offer the following recommendations for those individuals who want to start a business of their own.
In order to be successful at business, an entrepreneur must not be afraid to fail. There is no guarantee that any venture will be successful, but if fear dictates the business owner’s every decision, failure will be more likely than success. Confidence is a necessary characteristic of a successful business owner.
Business plans are a necessity as well; have the marketing strategy, funding, and financial forecasts in place to ensure a clear vision in regards to the business’ purpose and marketing opportunity. In this vein, the business owner should also carefully think through any new product launches and know how those projects will fit into the overall goals and vision of the company.
New business owners should approach their venture realistically. Profits will not happen overnight; as lucrative business owners like Ariah-Hossein Rastegar know, patience is required as it takes time for a business to begin to turn a profit. Commit to learning on the job, and learning well. Know your target audience, identify an opportunity, and scope out the competition. This will help new owners create a unique sale proposition, allowing them to stand out from the competitors. Finally, new owners should consider staffing requirements, such as the type and number of employees needed for the company to operate effectively.
Successful real estate investors like Ariah-Hossein Rastegar, CEO of Rastegar Capital, know how daunting it is for individuals to invest without base capital to begin with. Regardless of how little someone invests; it is still possible to make a profit by following some simple startup advice. Many investors like Rastegar, suggest the following options for beginning investors.
New investors should look at employer sponsored retirement plans as an easy first consideration for investing. The options for employee contributions into a 401K combined with employers offering matching funds makes this option the easiest way to begin investing. Even if an employer doesn’t match employee contributions, this is still a practical starting point for new investors.
According to Ken Griffin, Blackstone Properties, and other renowned investors, respectable online brokerages offer another viable and uncomplicated possibility for those individuals with modest amounts of money for investment. Brokerages like Vanguard, TD Ameritrade, Charles Schwab, and E*TRADE offer opportunities to begin investing at cheap starting rates. These firms often provide a wide selection of commission free exchange-traded funds (ETFs) combined with significantly low commission rates on other investments.
Another recommendation for those investors with more than a few hundred dollars to spare is to consider a dividend reinvestment plan (DRIP). This process allows the investor to invest in individual stocks at a very low rate, but this also means that the investor’s ability to spread out risks in individual stocks will be limited.
However, investors like Ariah-Hossein Rastegar point out that reinvesting dividends will allow new investors to buy small amounts of stock directly from companies and help them avoid volatility in the stock market.
As a real estate investor and executive, Ariah-Hossein Rastegar has to keep himself mentally and physically sharp. One way that he accomplishes this is by being conscious about what he puts in his body. Good nutrition is a fundamental way to live a productive, long, and happy life.
Here are a few nutrition tips that can help you look, feel, perform, and think better:
Lose the Sugar – Calories obtained through sugary foods and drinks tend to be on the high side. Sugary drinks in particular are known to be among the most fattening things a person can consume. One reason for this is that liquid sugar calories aren’t registered in the brain the same way as other calories. So it takes longer for the brain to realize it is full from sugary drinks, often resulting in overconsumption. Sugar is also associated with a number of health problems like diabetes, obesity, and heart disease.
No Processed Foods – One of the major problems with the modern diet is the overconsumption of processed foods. Processed (junk) foods are called that because they are often extremely low in fiber, protein, and micronutrients, but high in calories, simple sugars, and refined grains.
Drink Water Frequently – Chronic dehydration is a common problem in modern day society. What is worse is that it can be easily avoided. Studies have shown that drinking a half-liter of water thirty minutes before every meal can increase weight loss by forty-four percent.
Ariah-Hossein Rastegar tries to stay in good physical and mental condition to optimize his performance on and off of the job.