Written by Abdulmalik Jalal Adeiza
The internet is a powerful tool and a great technology which people can use to communicate, find answers, get information, socialize, and for entertainment purpose. It’s a new technology which will change and determine the shape of our society and the world at large.
It is crazy how everyone has access to the same internet. But several people are still 10 years behind. That is sad is it not?
Today, I will be talking about how you can make use of the internet the legal way and generate wealth for yourself.
The fact is that there’s a world of financial opportunities the internet has created but only a few are maximizing it.
In recent times, when you hear the word ‘Internet’ or ‘Online’, you think fraud or “Yahoo”. It does not have to be the case as you can as well make a living on the internet and do it legally.
What a lot of people do not actually know is that in order to build wealth, you must invest in assets but to invest in assets, you need cash flow. If you’re not taking advantage of the internet, you’re short changing yourself.
If you are not a rich kid with a trust fund and you find yourself struggling financially, your phone may be your best bet to help you out of your present situation. And if at all you are a rich kid with a trust fund, your phone can as well be an opportunity for you to 10X what you already have.
The problem is you are underutilizing it, and you lack the knowledge on how to convert your smartphone into a money generating asset.
You probably think all you can use your Smartphone for is to communicate, take pictures, keep tabs on all of the latest gist and gossip on the internet and entertain yourself too.
Your phone can do so much more than that. A host of people are leveraging their phone and the internet to earn money via legitimate means.
Start an online cash-flow business with your phone; it could be Drop-shipping, a Virtual Assistant Job, Copywriting, Affiliate Marketing, an E-Commerce business and various other Cash-flow businesses.
You then use the funds generated to start a physical cash flow business. There are a host of physical cash flow businesses you can start and scale. It could be a Car wash, a Laundry Mart, a Food Business etc.
Channel the profit (online & offline) into investing in assets (Stocks, ETF’s, Real-Estate, Crypto and other income generating assets).
The internet is such a powerful tool and if we are able to take advantage of it, nothing will be able to stop us from generating wealth. The opportunities it provides are limitless and can never really be fully utilized.