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Service to help people save money?

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GetRichODT

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Feb 8, 2015
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I have a blog that I am working to re-launch. In my daily life, I've always been passionate about Financial Independence and talking to whoever will listen (and even to some that won't listen....I'm getting better at that i promise :))

One thing I've had a skill at is teasing out where people are wasting money each and every month. $10s-$100s of dollars and helping them, with little to no effort, start reducing their expenses so they can begin to pay off debt, build an Emergency Fund and then invest.

Is this something that you think could be monetized? Could I weave this into my blog and offer to look over people's expenses (whatever they are willing to share) and tie that in to some affiliate marketing where I'm funneling customers to various service providers, thereby being paid twice?

1) by the Customer who is paying me to help reduce their costs

2) by the affiliate I am marketing for?

This would not be anything to do with investing advice but simply helping people get their spending under control and get moving in the right direction.

I appreciate anyone's thoughts.
 
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Thomas Baptiste

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Jun 8, 2018
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What you are indicating here boils down to consulting. I have some questions:

  1. What qualifies you to do this kind of work/have a consultancy? E.g. Do you have sufficient experience in this field to pursue it on a professional level?
  2. Consulting involves explicitly having someone pay you for your time. How would you separate your time from money?
 

rollerskates

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Not to be Captain Obvious here, but won't people save money by not using your service? And by funneling them to affiliates, aren't they spending even more money they should be trying to cut?

Maybe try writing a short ebook on the subject if you're qualified --meaning you either have walked the walk and gotten good results or you have done this type of consultancy in the past with good results.
 

bporiss

New Contributor
Jun 25, 2018
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Yes, it is the moat important thing in a business to keep some money in the backup in order to utilise it in the situation where business need a financial push for getting mature. Many businessmen lose their money only due to this reason. Best of luck for the relaunch of your blog!
 
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TinyTim

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May 1, 2016
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Ever heard of moneysavingexpert.com?

It's pretty big here in the UK.

The founder has a net worth of $100M+
 
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