Do you know that the personal financial problems you’re facing today could be a source of revenue tomorrow? A lot of people are struggling to repay debts and make ends meet. Even as the economy grows, there are thousands of people who find managing income, allocating enough money to repay debts and staying afloat until the next payday difficult.
Your experiences in handling similar financial issues and your ability to overcome them are all great assets from which you can find new sources of revenue. Here are some of the things you can do to put your personal financial experience to good use.
Start a Blog
Personal finance coaches and experts can only do so much. Many who are struggling with financial problems are more receptive to advise from those who have been in the same situation before than from experts. This is where you and your experience can come in handy.
Try starting a blog and start writing about how you tackle your personal finance issues one at a time. Start with the most basic things you experienced, such as the fear of not being able to pay bills, the issues you have with debt collection officers, and other common problems that thousands of people are facing right now.
Divide the solutions you find effective into short, concise articles that are easy to follow. Explain how and why the solution works under the circumstance and suggest alternatives for those who may have slightly different problems. Don’t forget to brush up on your personal financial and writing skills before you start writing.
Before long, your own personal finance blog will attract thousands of visitors. It won’t be long before you start getting offers from advertisers and even invitations to share your personal financial stories at events and gatherings.
Become an Advisor
A lot of people who were having problems with their finance are now completing advanced degrees in various fields. There is no shortage of fields to choose from either, from advanced degrees such as a master of financial economics to practical ones like an MBA. The online MFE degree, for example, can be completed in as little as 18 months thanks to distance learning programs from top universities such as Ohio University.
A higher degree is a great investment to make since it will allow you to enter that field as a professional. A degree in finance is even more valuable since the program will help master the skills and expertise you need to become your own personal financial advisor. You can help others who are suffering from financial problems directly.
There are plenty of other ways you can capitalize on your experience. These two examples we talked about in this article are just ways you can get started right away. What’s important is that you make that first step and actually get started.
You can help a lot of people by sharing your experience. You know how it felt like to be stuck with a mountain of problems and not having anyone to help you. Now, with the experience that you have, you can prevent others from feeling the same way.