Money
3 Money Myths You Need To Bust
Growing up, we were all exposed to various money myths by our parents, relatives or siblings. Fortunately, most of these myths are not true. Or let’s put it this way, times are changing, so methods that may have worked in the past may not necessarily work now.
I know we’ve been encouraged to believe them but if we really want to move forward financially, we need to be aware of these myths on money and wealth so as to avoid them.
1. Working Hard=Getting Rich
Many people think working extremely hard, day and night or having a day job will make you wealthy. Don’t get us wrong, it’s great only if when doing that, you have a projected plan of how this would help you reach financial freedom in time.
No job is guaranteed, so you cannot rely on the fact that a job will make you rich. As cliché as it might sound, it’s more advisable to ‘’work hard and work smart’’. Else, you’d find yourself working hard but still having to live from salary to salary.
These are mistakes the older generation made and can be avoided. Work hard and have a financial plan for your future.
2. You Need Money To Make Money
Yes, many people say you do. But the simple fact is that you don’t always need money to make money or start a business. You often hear people give a common answer; “I don’t have money; it takes money to make money’’ when asked about their plans for their future.
A way to solve this could be you coming up with the right idea and then, finding other participants to contribute cash or resources for percentages of ownership. The point here is you do not always need your own money to make more money. You can use other people’s resources legally, and be financially stable.
3. Investment Is Risky
Everything you do has a risk in it; life itself is a risk. The best way to mitigate these risks is to educate yourself and same goes for investing. It becomes less risky if you know how to make educated decisions.
You can educate yourself by reading books, attending seminars, speaking with professionals or researching about it. Having to rely solely on people’s opinions about investing is the first step to failure.
We should be conscious of these myths and replace them with facts.
This article originally appeared on Piggybank.ng. Please follow them on Facebook , Twitter , and Instagram.
Airbnb Experiences: 5 Easy Ways To Make Extra Cash Today
Airbnb is a great way to earn money by renting out your home or apartment.
However, did you know that you can also make money by offering experiences on Airbnb? Here are five easy ways to make extra cash today by creating and offering Airbnb experiences.
1. Offer a food tour
If you love food, why not share your passion with others? Create a food tour experience in your city, showcasing the best local cuisine. You can offer a walking tour or a bike tour, and include stops at local markets, restaurants, and cafes. This is a great way to meet new people and earn money at the same time.
2. Teach a skill or hobby
Do you have a skill or hobby that you’re passionate about? Share your knowledge with others by offering an experience on Airbnb. You can teach anything from photography to cooking to yoga. People are always looking for new experiences, and they’re willing to pay for them.
3. Host a cultural event
If you come from a different culture, why not share it with others? Host a cultural event, such as a traditional dance, music, or art class. This is a great way to showcase your culture and make some extra cash.
4. Offer a nature experience
If you live in a beautiful area, offer a nature experience on Airbnb. You can offer a hiking tour, a kayaking trip, or a birdwatching tour. People love to get out into nature, and they’re willing to pay for it.
5. Host a wellness retreat
If you’re passionate about wellness, why not host a retreat? You can offer yoga classes, meditation sessions, and healthy meals. This is a great way to help people relax and recharge, while earning some extra cash.
In conclusion, offering experiences on Airbnb is a great way to make some extra cash. With these five easy ideas, you can get started today.
For more ideas and tips on how to make money, check out this Airbnb guide inside our academy.
If you’re an Airbnb host looking to increase your revenue, there are several strategies you can implement to make your listing more appealing to potential guests.
Here are 10 tips for making more money with your Airbnb listing:
- Set competitive pricing: Research the prices of similar listings in your area to ensure you’re offering a competitive rate. Consider lowering your prices during slow seasons or offering discounts for longer stays.
- Offer extra amenities: Providing extra amenities, such as a pool, hot tub, or complimentary breakfast, can make your listing more attractive to guests and justify a higher price.
- Invest in high-quality photos: High-quality photos of your space can make a big difference in how many bookings you receive. Consider hiring a professional photographer to capture the best aspects of your listing.
- Keep your listing up to date: Make sure your listing accurately reflects the current state of your property. Update your photos, descriptions, and amenities regularly to keep your listing relevant and appealing.
- Respond promptly to inquiries: Quick responses to guest inquiries can lead to more bookings and positive reviews. Make sure to check your messages frequently and respond as soon as possible.
- Provide excellent customer service: Going above and beyond for your guests can lead to positive reviews and repeat bookings. Make sure to communicate clearly and address any issues promptly.
- Offer local recommendations: Providing guests with recommendations for local restaurants, attractions, and activities can enhance their experience and justify a higher price for your listing.
- Allow instant bookings: Allowing guests to book instantly can make your listing more appealing to those who need to book at the last minute. However, make sure to set clear guidelines for instant bookings to avoid any issues.
- Offer discounts for repeat guests: Offering discounts to guests who have stayed with you in the past can encourage repeat bookings and increase your revenue over time.
- Keep your space clean and well-maintained: A clean and well-maintained space can lead to positive reviews and repeat bookings. Make sure to keep your space clean and address any maintenance issues promptly.
Implementing these 10 tips can help you make more money with your Airbnb listing and improve your overall hosting experience. Happy hosting!
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