The Cost of living is going up. Inflation is going up. You have a hard time paying your bills. So, what to do?
Here is the solution. Build your own economy. How?
OK. Watch this. Stay with me here.

Hey everybody Jay Kodi here. This Channel and Website are to help and guide you to build your own economy, which enables Time Freedom and Money Freedom for you.
We are going to achieve this by starting and developing your own online businesses as:

-a side hustle,
-or full-time income streams,
-or the best approach: Start as a Side Hustle and then scale up it to be a full-time income.

We focus on the best strategies, tools, and methods to grow your online income from home.
This will be your one-stop source:

-to learn and implement strategies,
-to learn how to use the most essential online Tools,
-build long-term online income streams,
-leave your 9 to 5 job, and
-allow you to work from anywhere using nothing more than a laptop and a Wi-Fi connection.

What Is the Relationship Between Inflation and the Cost of Living?

Inflation is the increase in the average price of a basket of goods. Inflation reduces the purchasing power of consumers, meaning that a unit of currency buys less than it did before inflation.
The cost of living measures the average cost of the accepted standard of living in a specific area.
Hence, Inflation can increase the cost of living.

As a result, I could leave my 9-to-5 job and make a living full-time with my online business.

In this channel, I will share:

1. What I am doing to build my online business,
2. Document my journey including my success and failures.
3. Provide my honest recommendations for you to build Your Online Wealth and your Own Economy.

So, ….
Why do You have to follow me? What is in it for You?
You can:
-Learn what is working,
-Implement best strategies
-Learn the most essential online Tools and
-Avoid pitfalls by following this channel and blog
OK. Stay Tuned for more details on How we are going to do it together!

Why Extra Income is Super Beneficial for You?

Earning extra money not only puts more money in your pocket but also allows you to diversify your sources of income. This is especially important in today’s uncertain economy, where job security is no longer guaranteed and traditional income sources may not always be dependable. You can protect yourself from any sudden changes in the job market or other economic shifts that could impact your finances by having multiple streams of income.
Making an extra effort to stay in control of your financial situation keeps you from becoming reliant on others in the long run.

This diagram describes the true picture as a snapshot. Your salary increase is linear. It may be around 2-3% a year. Annual increments are not something that fluctuates up and down drastically. However, inflation and the resulting cost of goods are quite turbulent. Most of the time it’s an upward parabolic curve. Therefore, the cost of living can easily surpass the benefit of a salary increase which results in a negative cash flow in your pocket. This is one of the major contributors to the commonly observed mounting of debts.

So, how to deal with the exponentially increasing cost of living with a linearly increasing salary?

Make the income increase exponential instead of linear. Is it possible by a salaried job? Not really. No one would make your salary exponentially increase frequently. Majority of the time we get annual increments or quarterly increments (very rare) which are linearly increasing (% increases).

Then what to do? Introduce another income stream as a side hustle. Make it multiple incomes stream or try to make it non-linear and develop it to be positive and moving upwards.

Now we are facing a real problem. Is it easy? How can you do another job or develop another income as you are super busy? It takes a considerable time of the day for your day job as well. Getting ready, driving back and forth in heavy traffic, extra hours, deadlines, unplanned hours, and unplanned work assignments make your day already hectic. Isn’t it? How can you drive to another job on this earth with your already busy schedule? Too much on the plate.

Here is the solution. Go online. Start an Online Business. Become an online entrepreneur.

Why ONLINE business is better?

Starting an online business is a great way to make money while working from anywhere. Anyone with the right tools and knowledge can start an online business and make money quickly. The internet has created numerous opportunities for entrepreneurs to launch their businesses with minimal effort and expense. With a few mouse clicks, you can have your own website, store, or blog up and running in no time. Furthermore, there are a plethora of resources available to assist you in marketing your business and reaching more customers than ever before. Starting an online business is not only financially rewarding but also extremely satisfying because you are creating something from the ground up that you can be proud of.

Entrepreneurs can use online business models to get started with little capital and scale quickly as their success grows. Furthermore, online businesses can use powerful analytics tools to track customer behavior and improve the user experience. In short, there are numerous benefits to running an online business that should not be overlooked by any aspiring entrepreneur.

Online Business is Harder! Is it?

Those days, building your own business and becoming an entrepreneur was a lot harder.
Now, it is easier than before because of the existence of the NEW online world.
Throughout history, there has never been an easier or better time to start your own business than there is today.
With the development and growth of:
– easy-to-use website creation tools.
– revolutionary AI tools, and
– the growth of social media: everyone is connected, regardless of their income status or geography.
Weather you’re rich or poor you now have the ability to connect with people all over the world for FREE and share your skills, extend your services, and provide your solutions.
For those looking to build online businesses, it can be extremely inexpensive and very easy to get started and scale it up.
However, most people still experience building an online business as being harder. They start, fail miserably, and give up sooner. Then they claim that online business is good only for big brands.
But that is simply not true. As I mentioned before, I started my online business as a side hustle while working full-time and then scaled it up to replace my income. I could leave my 9 to 5 job as an electrical engineer, and now I am running my online business from home.
What I have to say is that building an online business as a side hustle, or a full-time income is not as hard as you think. Yes, of course, there are right ways and wrong ways.
One thing I want to say very clearly. The biggest problem is avoiding pitfalls like get-rich-quick schemes, overnight success claims, etc.
There are essential pillars and strategies to find the right combination.
Most essentially, we need the main three sets to look after, work on, and align correctly with the business objectives.

They are….
Mindset
Skills set.
Systems set (or Set of Systems)
…..for the business to bring to a thriving stage.
Let’s talk about them a little bit more. We will discuss them in more detail in future videos.

Your Mindset

According to Carol Dweck, Ph.D., a Stanford University Professor of Psychology, in her best-selling book Mindset: The New Psychology of Success, for the past two decades, her research has shown that the point of view you take on yourself has a significant impact on how you live your life. It can determine whether you become the person you want to be and achieve the goals you set for yourself. (Dweck, 2017, Chapter 11, Page 11)

When you have the right mindset, you will focus more on the important things that can help you achieve your goals and business targets.
Conversely, when you have the wrong mindset, you will focus on the failures, and negative aspects of any situation and will give up when fail, which can hold you back from achieving success.
As mentioned in Carol Dweck’s research outcome, those who possess growth mindsets are more likely to be successful.

“In the fixed mindset, everything is about the outcome. If you fail—or if you’re not the best—it’s all been wasted.

The growth mindset allows people to value what they’re doing regardless of the outcome. They’re tackling problems, charting new courses, working on important issues. Maybe they haven’t found the cure for cancer, but the search was deeply meaningful.”

― Carol S. Dweck, Mindset: The New Psychology of Success (2017, Chapter 2, p.46)

“In the fixed mindset, everything is about the outcome. If you fail—or if you’re not the best—it’s all been wasted.

The growth mindset allows people to value what they’re doing regardless of the outcome. They’re tackling problems, charting new courses, working on important issues. Maybe they haven’t found the cure for cancer, but the search was deeply meaningful.”

― Carol S. Dweck, Mindset: The New Psychology of Success (2017, Chapter 2, p.46)

But, how does this growth mindset help?

The growth mindset increases someone’s motivation, willingness, and overall foundation of belief in order to achieve bigger and better results.
Our beliefs, whether conscious or unconscious, can either push us to become better or hold us back from making progress.
Time and again, a person’s mindset has been shown to be the driving factor in their results.
In future videos, we will go deeper into the methods of developing a growth mindset and do some practical sessions to register them in our minds and reprogram us.

Skills set

Online entrepreneurs’ life is easier than someone running a brick-and-mortar business in many ways. There are a ton of tools out there to make your life easier as an online entrepreneur.
These tools are essential for the flexibility to work from any location, to smoothen operations, automate the operation, stay connected with the customers no matter where you are, for creating marketing material, keep track of the finances, track the results of marketing campaigns, to manage customer relationships, to generate reports, to manage your social media accounts more efficiently, etc.
Tools allow you to focus on more important aspects of your business such as business development, operations, people management, and eventually, expansion. The more time you save doing repetitive tasks, the more time you have to grow your enterprise.
Therefore, it is essential to learn to use these most important tools. You do not want to be an expert on any of the tools. The functional level would be OK to start.

Systems Set (or set of Systems)

So, how does this work for Business/Entrepreneurship?

If you’re an entrepreneur, your goal might be to build a hundred thousand or a million-dollar business. Your system is how you test product ideas, make products, hire employees, run marketing campaigns, and sell your products.

Great! If so, how does this work for Online Business or Online Entrepreneurship?

If you’re an online businessman or entrepreneur, your goal might be to build a hundred thousand or a million-dollar business, including hitting daily income targets.
Selecting your business model (Amazon FBA, affiliate marketing, digital agency, freelancer, etc.) is the first step to setting up your system. Then, the selection of a product (digital/physical), how you test product ideas, sourcing or making products, setting up and running your web presence, running essential software, running marketing campaigns, and selling, and shipping your products are the components of your system and processes.

More on the System

If you want better results from your online business, then forget about setting income goals and checking them every day, at least for the start-up stage. Instead, focus fully on your system.
Income goals are good for setting a direction, but working on business systems is best for making progress. When you spend too much time thinking about your goals and not enough time designing your systems, a number of issues arise.
Income goals are the targets you want to achieve, while systems in the business are the processes you put in place to help you achieve them.

Let’s break down it further:

Your income goals tell you where you want to go. They are focused on tomorrow.
Whereas the Systems tell you what you need to do every day to get there; they are only concerned with the present (now/ today).
The bestselling author James Clear put this in very clearly in one of the most famous quotes:

“You do not rise to the level of your goals. You fall to the level of your systems.”

-James Clear (Clear, 2018, p.25)

So, for us, it must be as follows:
“You do not rise to the level of your income goals.” “You are brought down to the level of your business systems.”
That’s why you need better income goals plus better business systems.
It was a great realization and a wake-up call for me. I grasped this principle and then began developing productive and effective processes to achieve my income goals.
Then I started to see rapid improvements in my income results.
Do you know that business systems, or systems in general, are scalable and repeatable? In a nutshell,
Setting income goals is important. It’s true. No doubt about that.
However, if you do not create a business system plus a process to achieve them on a continuous and consistent basis, you are going to fail more frequently.

Some of the Systems (Models /Processes)

Some of the Online Business Systems are as follows. These systems consist of the Business model+ Process+ Plan+ Execution (Example description is below)
Affiliate Marketing
Amazon FBA
Freelancer
Drop Shipping
Writer & Blogger (Blogging)
eBook writer.
Become a YouTube Star/Vlogger
Podcasting
Sell stock Photography & Video
E-commerceVirtual Assistance (Virtual assistants are basically online Managers/Secretaries/Assistants)
Information Products
Videographer or Photographer

What is to come to you from this YT Channel and Website?

Build your Wealth Online- Mindset-Related Content

How to Self Talk and why it is important.
Affirmations- Why and how to do it correctly.
Inspirational & Motivational Quotes
Education on Mindset
Creative Visualization for Success
Manifestation Techniques
10X Life Content
Personal Development
Success Strategies for Online Business
Inspirational & Motivational content
Business Success -Motivations

Skills to Build Your Wealth Online

Essential skills development to run an online business.
How to use the most essential Online Tools

Build Your Wealth Online -Systems & Processes  

Work from Home Online Jobs,
Online Remote Jobs
Work from Home Jobs
Online Side Hustles
Make Money Online Jobs
Make Money Online- Entrepreneur
Online Business Tips
Online Business Success/Motivation
System
Entrepreneurship
Affiliate Marketing
Millionaire content

In summary, starting and running an online business is the best solution for ongoing economic uncertainty and I am going to share the best strategies to start and grow an online business thereby you can secure time and money freedom for you.

Let’s do it!