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ChooseFI | Financial Independence Podcast

How to Make Money Online

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Careers, Business, Investing

4.85.2K Ratings

🗓️ 4 May 2018

⏱️ 58 minutes

🧾️ Download transcript

Summary

Most people wait until they've "made it" before making big life changes — but what if that's the exact wrong approach? Jonathan and Brad break down Jameela Saffron's decision to pursue a fully funded lifestyle change before hitting financial independence, exploring the mindset shift that makes this possible. They then dig into concrete monetization strategies for anyone looking to build online income streams. Chapters Introduction and Week Recap [00:00:00] Recap of Jameela Saffron's episode and how it aligns with personal journeys toward financial independence. Jameela's Story and Failing Forward [00:09:13] The concept of 'failing forward': using setbacks as learning opportunities. Monetization Strategies for Online Income [00:17:30] Overview of various ways to generate online income, drawing on personal experiences and community feedback. Membership Sites and Online Courses [00:21:00] Creating value for communities through membership models. Affiliate Marketing Insights [00:41:25] Affiliate marketing as an effective way of monetizing content while providing value to the community. Key Quotes "Embrace failure as a pathway to progress." [00:10:02] "If you're not failing at something in life, you're probably not trying difficult enough things." [00:10:41] "Small differences can lead to significant lifestyle improvements." [00:03:46] "Finding that problem and finding that community is key." [00:44:24] "Learn and grow through each failure encountered." [00:17:30] Action Items Reflect on your past failures and extract lessons learned. [00:10:02] Create a plan for at least one monetization strategy discussed. [00:20:51] Assess community needs to find problems to solve in order to add significant value. Take the time to design your future lifestyle intentionally. Terminology Failing Forward [00:10:02] The practice of using failures as learning opportunities to drive future success. Affiliate Marketing [00:41:25] A performance-based marketing strategy where an individual earns a commission by promoting another company's products. Membership Site [00:20:51] An online platform that offers exclusive content or services to paid members. Episode Mentions Episode 069: "How to Start a Blog" [00:06:30]

Transcript

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0:00.0

Hello and welcome to the Choose If I Radio podcast.

0:02.7

Today on the show we're going to be discussing this past week's episode with Jamila

0:05.9

Sofran from Journey to Launch talking about her decision to pursue this fully funded lifestyle

0:11.3

change.

0:12.3

Even before she officially reached financial independence and in many ways it mirrored

0:15.7

my own choice.

0:16.7

We're going to dive into that and then we're going to use that as an opportunity to talk

0:20.6

a little bit more about what it looks like to continue your journey after you leave your

0:25.2

nine to five job and specifically we're going to follow up on this idea of how to make

0:28.9

money online.

0:30.8

I think this is going to be a fascinating conversation.

0:32.7

Frankly, it's one that we're doing by popular demand.

0:35.0

We got this.

0:36.0

We actually started this conversation at episode 69 R when we talked about how to start

0:40.2

a blog or a website.

0:41.8

Listen to that episode first if you haven't listened to it yet and then follow up with

0:45.5

this one as it'll be a great continuation of those ideas.

0:49.7

But yeah, really excited to do this and welcome to the ultimate crowd sourced personal

0:54.5

financial.

0:55.7

This is your Friday round up.

0:58.3

You're listening to Choose FI Radio.

1:02.8

The blueprint for financial independence lives here.

...

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