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How Does Poshmark Work: A Full Review

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Who wouldn’t like to have a little extra cash these days? Whether through your favorite side hustle, a part-time job, passive income via investments or any other means. One way I’ve found to make some extra money is with Poshmark. In today’s post, How Does Poshmark Work, I’ll show you how I use Poshmark to buy and sell used brand named items online.

I started using Poshmark about two years ago when my wife started selling guitars on ebay. After posting some brand name items like purses and shoes on ebay I came across Poshmark, an app that was designed for those specific items.

I had to check it out, so I signed up with a friend’s sign up code and got a free $5. Then I started listing some of the same stuff I had listed on eBay along with clothes that didn’t fit me any longer.

Now, I could’ve taken those clothes to a clothing resale shop where I would probably make $2 on each garment, or sell it on Poshmark for 400% more.

Naturally, I chose the latter.

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How to Overcome a Challenge: An Example in Business

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Who would have thought that one of my favorite employees resigning would be one of the best leadership lessons of my career? Not me, but it gave me the opportunity to overcome a challenge that would eventually lead to me quadrupling profits and selling my business!

Let me explain.

I started my small business fresh out of college in 1991 at the age of 23.

Other than a three-month gig, I had never really worked for anyone or had a formal job. I’ve been self-employed my entire life, and for the most part, the leadership lessons I’ve learned over the years was through “on-the-job” training.

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How to Get Your Life Together – Financially Speaking

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Unfortunately, in current the culture, it can be easy to mistake that success in life is as simple as following the wisdom of a few memes. As if the only thing standing between you and learning how to get your life together is believing in yourself and the application of a Dale Carnegie quote.

With no disrespect to Buzzfeed and their 27 simple ways to get your life together, memes are not going to pay the bills. While I’m at it, the real world doesn’t care how special your mom thinks you are or that you have a fancy business school degree. If the economy heads into a recession or the market takes a nosedive, you may go from being a valued “family member” at work to an expendable line item.

New Years’ resolution time is just around the corner, and every year millions of American pledge to save more or get out of debt. Unfortunately, most fall short of their resolutions, so here is the ultimate guide to how to get your life together (financially).

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19 Awesome Passive Income Ideas for 2019

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Making money while you sleep has a beautiful ring to it. I mean, who wouldn’t want to be making some extra money while playing with the kids or while watching a game? The only problem is that most ‘passive’ income ideas that you’ll come across are not passive at all. Since you’re already busy with your everyday life, you won’t want to pick up a 2nd job that you don’t have time for.

Most passive income ideas require you to put in a LOT of work. And doesn’t that kind of wipe out the passive in passive income?

The truth is that to generate passive income, you’ll need to invest in an asset that produces passive income for you. Unless you are making money the old-fashioned way (inheriting it), or you are willing to put in some effort.

The good news is that you don’t necessarily need a new cash outlay either. If you already have an asset that isn’t being fully used, that can serve as your investment. We’ll get into how that works shortly.

For now, let’s talk about a few passive income ideas if you’re ready to invest and make your money work for you instead of losing value in a bank account. Hopefully some of these ideas can help set you up for a quicker path to financial independence.

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7 Mistakes Six Figure Earners Make to Learn From

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Everyone makes mistakes with their money at some point in time – even those who earn six figure salaries.

Though, the beauty of other people’s mistakes is that we can learn from them without having to make them ourselves. There is a common saying that is summarized as:

  • Learning from other people’s mistakes is best.
  • Learning from your own mistakes is good.
  • Making mistakes and not learning from them is worst.

If I had the choice, I’d choose option number one all day. And that’s what were highlighting in this article – 7 mistakes that six figure earners make that you can learn from.

Are you new to the six figure club? First, congrats! Second, here’s a guide on how to invest your first $100k.

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