Hey all! I’m MD and I’ve been blogging about personal finance, entrepreneurship, and anything money related for the past 1.5 years. I’m honoured to be accepted into the family here at The Financial Blogger to express my thoughts on all topics finance related.
I wouldn’t consider myself an anonymous blogger. If you ask for my name I have no qualms with divulging it. I’m simply not too crazy about personal branding and talking about myself. I would much rather focus on my writing and sharing what I know with you guys.
I’ll get straight to the point and tell you guys what’s in it for YOU and what you can expect from me around here:
– Discussions on real estate (looking at every angle, comparing renting to owning, etc.)
– Time management tips and tactics.
– Balancing work, school, and other areas of life.
– Investing tips for young people.
I’m also completely open to write about any other random topics that you guys may request. Please feel free leave a comment here or feel free to email me: md at studenomics.com
There are many internet entrepreneurs that manage to run a happy family life and an online business (blog, niche store, affiliate marketing, etc.). How do they do it? I’m not sure. I live with my family but I don’t have a family. I don’t know how Mike does it (family life, going to graduate school, and running an online business) and I won’t even attempt to try to figure it out.
This is an article for all of the young professionals out there that want to run a solid professional life (school or work) and social life (dating, gym, and sports), while starting some sort of an online business.
The more I learn about time management the more I realize that I’m absolutely horrible at it. If you don’t learn how to effectively manage the little free time that you have in a day, you’ll never get anything productive done.
I could throw out 20 time management tips your way .However, that won’t accomplish much besides suck up time that you simply don’t have at the moment. I will share one time management trick with you guys. The neatest little mental hack that I found is to put a sticky note at eye level (usually on top of your laptop), with the following writing: am I being productive or just active?
This one question alone will promote you to challenge yourself and what you’re doing at the moment.
I know it’s cool to pull out your iPhone to check your blog stats while out with friends. You could consider this “multi-tasking” or you can call it diluting important tasks. When you go on the computer to work, you can’t have your Facebook account open in another window. You’ll end up having a mediocre conversation with a friend and not going much work done on the business end of things. Wouldn’t you rather get your business stuff done and then have a distraction-free conversation?
I feel that the art of multi-tasking has been glorified for beginners. You’ll be much better off focusing on doing one thing properly than performing many tasks at a mediocre level.
Pareto’s Principle, better known as the 80/20 rule is pretty much mandatory when it comes to starting out with an online business. There’s a plethora of great (and not so great) advice out there. Some of it is free, but very time consuming. Some of the information is also expensive, but there’s not enough time to absorb it all effectively.
It’s not simple to actually quantify what 20% of your efforts will generate 80% of the results for your online business. However, it’s safe to say that spending a majority of your time on Twitter is not the most effective strategy to getting your new online business off the ground.
When I first started blogging I was very hesitant to inform my close circle of friends about this. Why? Perhaps I was worried about what they would say or how they would react if I failed. Regardless, it’s completely foolish to not inform your close circle of friends about your new online business. You’ll need a strong support system during the first few months when it feels like you’re not getting the results you desired.
Hopefully after reading this article you’ll have a better feel on how you can manage your new online business with real life. Is there anything I missed?
(Note: This article was very theory heavy. I’ll be writing more practical and hands-on pieces in the future.)
|How I Suck at Not Paying Debts||Hitting 6 Figures Income at 28|
|How I Get a Huge Income Raise Each Year||Making $125K Online in 12 months|
|How I Buy Blogs||Most Debated Articles: The Primerica Saga|
|How I Have Survived My MBA||What is So Wrong With Making Money?|
|How I run multiples blogs and makes money without burning out|