Are you in charge of your finances or could you do with some help? Do you think someone who has cleared their own debt and now has a million dollars cash, travels, owns his own place and lives a life true to himself might be someone with some good advice?


jd Roth - Be Your Own CFO review

I met JD Roth at The Financial Blogger Conference in 2011. He was one of the people I really wanted to meet as I admired him, his site and the things he was achieving. I certainly did not expect to have so much in common with him, nor to become friends. You know those people who you’d give anything to just spend 5 minutes with? To me, JD was one of these people at that conference. He has shared so openly his life experiences, how he got into debt and how he got out of it, not to mention the fact that Get Rich Slowly has been a BIG site in the blogging world for years. I knew that I could learn a lot from him an I have. He’s a funny, down to earth guy and I am very excited to share with you his latest project – Be Your Own CFO!

Be Your Own CFO (Chief Financial Officer) is a guide and 52 week course JD is offering starting at just $39. He is an excellent writer with great advice. The guide covers not only financial advice, but things like mission statements, goal setting, organisation and more. The premise behind it is treating yourself as the CFO of your business, which is your finances. Applying the things JD talks about to your finances and life in general will help you improve not only the cash flow in your life, but your overall happiness too.


I am good with my money but I still devoured Be Your Own CFO. It’s been a while since I read about a finance course or read a guide that I really enjoyed, that is relatable, simple to apply and made me think. And for less than $1 a week, it is definitely worth it.

That’s right, even though I am good with my finances and that side of my life is pretty sorted, there was things that made me stop and think. I’ve done the mission statements, goal setting, have my budget sorted etc. But you know what I haven’t done? I haven’t revisited them all recently.

I have been in limbo.

“When it comes to your personal finances, you’re both the CEO and CFO. You’re in charge of setting the overall strategy and vision for your life, and you’re responsible for managing your money to make those dreams come true. Although our aim is to show you how to be an effective Chief Financial Officer, it’s vital to know why you’re doing this in the first place.” ~ J.D. Roth, Be Your Own CFO

I knew my old mission statement, my old reasons and the old “WHY” behind everything I do but my life has changed so much those reasons no longer motivate me.

My purpose for starting Aspiring Millionaire was to track my goal of becoming a millionaire by 30. Why? Because I felt like my husband couldn’t provide and I needed to do something to enable my family to spend more time together and be better off financially. This blog was born because of that blog and I do love writing about finances and things, but my why has changed significantly.

I’m no longer married, his income and money no longer affect me. I am the provider for my daughters. I am the one who makes all our financial decisions and earns the money to give us the life we want. I have experienced so much since separating in 2012 that the actual dollar amount means nothing to me.

My why is simply this – I have my business to provide for my daughters and to help the less fortunate.

My original why was a selfish one and it’s ok to be selfish when it comes to your life and especially your finances. But I am not the same person I was when I set that goal.

For some reason, reading about the WHY in Be Your Own CFO made something inside me click. I still want to do my work but it’s not the same reasons. My purpose, or the why behind everything now comes down to 3 things:

1.) My daughters and family - to provide financially for my daughters in a way that allows me to be available to them whenever they need me, be an example to them and to have them experience life and live true to themselves. My extended family are extremely important to me and huge part of my life. I want a flexible life to enable me to be at events, help when needed and enjoy family time. Every decision I make is based on whatever is in the best interest of my daughters.

2.) You - I do what I do because I like to help others, share what I have learned and be open about my life in the hopes it helps you.

3.) The less fortunate, particularly the homeless - I do what I do to help raise awareness and funds for the homeless. Having experienced it myself I am in a position to understand as well as help.

These 3 things, particularly my daughters, are now the driving force behind everything I do. Becoming a millionaire is irrelevant, but helping others, having financial freedom and flexibility to live a life true to my values and desires is important to me.

Once that clicked inside me, my motivation flowed and the block I have been feeling both in my business and personal life has gone. It might sound silly, but the difference in my finances just in the last week has been huge.

Even though I ‘know’ the things in Be Your Own CFO, I am doing it all again. I am doing a fresh mission statement, a new budget, new goals, going over my finances with a fine tooth comb and appointing myself CFO of my life.

There aren’t a lot of finance books or courses I recommend. In fact, I list the same ones in every interview I do, but for the first time in a long time I got inspired and a lot out of a book. You can download a preview here or check it out here and tell me what you think! Plus, if you really want help with finances you should sign up for the course.

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29 Ways to make money

by Kylie on April 20, 2014

29 ways Kylie Ofiu has made money I turned 29 this month, so decided to share 29 ways I have made money, from when I was a kid through to now, but not in exact chronological order.
1.) Swimmingtwice as a kid I was paid to swim.
2.) Car washing – I got paid to wash the family car as one of my chores, but once my dad’s friend had his car parked out the front when my friend and I were washing my parents car. We decided to wash his too as it was dirty. We did not expect payment, but the next day dad’s friend gave us how much it would have cost at the car wash. Being about 8 or 9 we were stoked!
3.) Garage sale – I helped my parents with garage sales as a kid a few times and have had my own.
4.) Paper route – I did this from when I was about 8 with 3 of my siblings. I HATED it but loved the money. It hurt my back, we still had to deliver if it was raining and it was just awful. I did it once as an adult and my ex and I were struggling pretty bad while he retrained to switch careers. It’s “a great way to get fit and get paid for it!” but the income is low for the time you spend doing it.
5.) Chores at home – my parents paid us to do chores around the house.
6.) Babysitting – From the age of 12 I was paid to baby sit. It is so weird that I have paid some of the kids I babysat to babysit my own kids! It made me feel really, really old. But they are all good kids. I had a few regular families and kept babysitting right up until I moved to Sydney at 18.
7.) Hairdressing, beauty therapy and make up – I started my hairdressing apprenticeship in 2002 and finished in 2005 (I finished early.) Following my apprenticeship I started my own business and got qualifications in beauty treatments. I still do the odd cut or colour for family and friends, but no longer as a business.
8.) Dental work – when I was 18 my friend and her mum worked in a dental surgery. They got me a job on my day off from the salon. It was mainly just cleaning and sterilizing, developing x-rays and things like that. It helped me save for my car and to move to Sydney with that same friend.
9.) Party plan I did Nutrimetics as an apprentice hairdresser, Tupperware when I was pregnant with my first daughter and again after I moved to Canberra in 2008. I did saucepans at one point, although that was more one on one and sales, not so much party plan.
10.) eBay I’ve made money selling my old stuff, selling for others and buying stuff to sell on eBay. If you like selling or want to sell things, check out 10 ways to sell your used things.
11.) Blogging – this is by far the best because it created so many other ways I now make money and completely changed my career. I have a few sites now and have moved to buying instead of building sites, I explain how here, plus resources on blogging here. My sites are mostly staffed, not run by me, so less effort on my behalf.
12.) 365 Ways To Make Money is my book that was published with WrightBooks and came through my blog Aspiring Millionaire. It covers how to get started, tips for each idea and some solutions to excuses. 13.) 26 Ingredients is now an eBook but was originally self published and available in print. I learned a lot from that experience.
14.) Shares – I had some a few years ago and sold them but bought more last year after my divorce. I am looking to double my share portfolio this year and have been really happy with the performance of my shares and the ones I picked to watch and invest in later. I only had so much money to invest!
15.) Rental property – I was a landlord for a while and plan to buy rental properties again. I know the NSW laws well, but not ACT. I am likely to invest in NSW anyway and have areas I watch and plan to buy in. First, I want to buy a home for my daughters and I. This is a step backwards financially, as it makes more sense to invest and it will be much harder to invest in property if I purchase a home first, but sometimes stability and what is best for the family is more important than investing.
16.) Boarder I had a boarder and have considered doing it again a few times. I rented out my garage for a while too. At this point in my life I have the room but it is not in the best interest of my kids to have a boarder, so I won’t. 17.) Rebates/cashback – signing up for credit cards, opening bank accounts, getting the cash back or rebates on purchases are ways I have made small amounts here and there.
18.) Online surveys - I have a full list of survey sites I’ve used here. It’s not something I still do, but it made some money here and there when I needed it.
19.) Mystery shopping – great for groceries, take away, coffee and treats. That is pretty much all I did with it. It takes a fair amount of time to do and is no longer worth my time. The sites I used are here, with the surveys and things.
20.) Freelance writing – I love writing and am very happy to now make a good income from it.
21.) Selling at markets – I have sold stuff for other people, made stuff to sell and sold books at markets. I share 10 tips for selling at markets a while ago.
22.) Making stuff to sell – I’ve made aprons, felt Santa’s, candy cane reindeer and other items which I sold, mainly at markets and online.
23.) Squidoo I get continual payments from Squidoo, not big ones, but they require no effort from me any more.
24.) Working in retail – I started at Woolworths when I was 14, then later in my marriage I worked in retail briefly again.
25.) Mentoring I love mentoring. Helping people find ways to make and save money based on their circumstances or helping people cut costs/advertise for free/improve business or helping with their websites is something I really enjoy.
26.) Public speaking – I get a rush from public speaking. I was really bad when I started and was nervous, lost my voice and it was a mess. Now I do it regularly get a kick from it. I could be put on the spot and asked to speak about ways to make and save money, homelessness, my life or anything I share on here and it wouldn’t bother me at all.
27.) Government job – I was 16 when I had my first government job, data entry for The Department Of Veteran Affairs. It was a short term contract and while a few years after it finished I regretted not applying for another position they all told me about, I no longer regret my decision. It was easy work and the staff were fantastic, but it just wasn’t me. A month or so after I left I started hairdressing. 28.) Driving – I’ve unintentionally made money driving by giving people lifts, collecting things for other people and so on. I never asked for the cash, but at times have been paid.
29.) Flipped a car for cash –
I wrote about that here. Not something I’d do again in a hurry, but it was an ok experience.

So where to from here?
I will continue with blogging, mentoring, speaking, writing and publishing the books I have mentioned (they are on hold while I sort out some court things.) I have also mentioned my desire to go to school and work in counseling or something to help the homeless and disadvantaged. School is not practical right now, but I am considering going back to work. I will keep doing what I do, but the more I expand and outsource, the less time I need to do it. If the right job came out where I really felt I would make a difference and help the homeless/victims of domestic violence/the disadvantaged, I’d take it. I have some things happening in my personal life, which make school a bit hard, but depending how things go with a job, I will reassess if I need a qualification and how I would obtain that while working, running my business and being here for my children. What ways have you made money?

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How to make money buying websites

by Kylie on April 14, 2014

How to make money buying websites

Disclaimer: this is just what I have personally done and I know you don’t make the money in the actual purchase, but you have to buy them to make the money. My advice when buying any sort of business is to discuss it with a lawyer and accountant. Make sure everything is fine before moving ahead. Below is the steps I take for finding, buying and monetizing sites. 

This has been the biggest question I have had this year, closely followed by how I got started which will be answered in a future post properly, but a quick version is here.

The 5 sites I own
To be clear, I am still in the process of changing things on some of these sites. It has taken a little longer due to some unpleasantness in my personal life taking up a lot of my time. However, I do make money from each of these sites.
KylieOfiu.Com, established after I got a book contract with Wiley for 365 Ways To Make Money
You can follow on Facebook, twitter, Instagram, Pinterest and Google+

Aspiring Millionaire Header

Aspiring Millionaire where I originally started blogging about my goal and ways to make and save money. This is the site Wiley “discovered” me. I am not that active on social media with this site but you can follow on twitter and Facebook.


SavvyMumma is my first blog, which just has total randomness and isn’t a huge part of my business, more just whatever I want type site. I have a Facebook page for it, but again, don’t do much.

The Thrifty Issue Header

The Thrifty Issue – acquired recently and shares craft tutorials, fashion advice, recipes and tips on frugal living. You can also follow on Facebook, twitter (new) and Pinterest.

The bread and butter chef

The Bread And Butter Chef – acquired recently. Currently it is just frugal recipes, with a lot more to come and a blog starting soon with menu plans and tips on cooking on a budget. The Facebook page shares mostly humour.

Why buy established websites and not just start one from scratch?
For me, the right website can be monetized immediately. It has social media set up, posts on the site already and is easily transferable to me. An established website is less work than setting up a new one, trying to get traffic and grow social media. All of that takes a lot of work. It is much easier to buy a site, make some changes and continue with it than it is to set up.

You do need to be careful and selective about which sites you purchase, do thorough check and things, but I will get to that further down.
What do I look for in a site?
I look for a few things:
- Finance related sites, as that is where my expertise and contacts are. It is easy for me to monetize a finance site.
- The owner has lost interest. As in, they aren’t posting frequently or haven’t for some time.
- How monetized is it and what potential does it have? I see a lot of sites, mine included that have the potential to make more money. It’s about balancing the potential with the current reality.
- Social media presence. I prefer a strong social media presence on at least one platform. The amount of followers is not as important as how engaged they are.
- Traffic – decent traffic is always necessary.
- Page rank - I am more flexible on Page Rank provided other stats work well and I know I can make money from the site.
- Site value – based on site value calculators.
- Domain authority and other stats

How do I value a site?
I do two things before deciding on a number. I check the value of the site, including its social media through a few sites then average the price.

I ask the owner how much money the site has made in the last 6 and 12 months. The site is worth what it is making now, not what it can potentially make or how much I know I can make from it. It is easy for owners to overvalue their site, but the reality is, if it is not making money, it usually isn’t worth much.

I offer a price that takes into account previous income (eg I will offer the amount the site has made in the last 6 – 12 months) or I will offer the average of the value based on the sites I checked it on.

How do I find the sites?
Both sites I have purchased, I knew the owners through a Facebook group .I have my eye on a few other sites where I have chatted with the owners on social media or met them in person.

I know other bloggers look up blog lists and check through for sites not actively being used, but I had no luck with that and it took more time than I wanted to spend on it.

How do I make the purchase?
Once I have found a site, I contact the owner to see if they are interested in selling. I request statistics on everything from site traffic to social media. If they are interested and I am happy with the statistics we negotiate a price, I outline what I need and send through the contract. Once the contract is signed I pay half the agreed price. After I get everything I need and the site is completely switched over, I pay the other half.

What do I request?
The contract covers all ownership issues, but I send a list separate to the contract. I ask for:
- Log in details for everything pertaining to the site such as wordpress, emails, hosting, domain name (if not done with the host), social media and so on. ANYTHING associated with the site I need access to.
- I request to be made an admin on Facebook and once I am, the previous owner is removed
- I request a few posts to ease in the transition of site ownership
- I stipulate they are not to tell anyone about the site purchase until it has been finalized to give me time to do everything.

What do I do once you have everything?
As I get log in details, I go in and change passwords on everything. On the site I change affiliate links to my own, set up any ads if appropriate and contact all my advertisers to let them know I have another site.

I schedule up some posts and social media at the same time. I change details on the About page and set to making the site more user friendly if needed or streamlined to how I would like it.

I also switch to my current host to keep things together and easy to maintain which is Bluehost

When I purchased The Thrifty Issue I did a quick survey to see what people did or didn’t want as well, which revealed a few interesting things.  Once I knew what was wanted and had monetized it, I hired some staff writers to help so it is not all me.

So you own the site, how do you make money from it?
The main income streams I use when it comes to blogging are:
- My own products such as 26 Ingredients, 365 Ways To Make Money and mentoring.
- Affiliate links to books and programs I have used
- Sponsored posts. I use them and they are frowned upon by Google. You can get penalized for posting them, so be careful and be aware.
- Ads in the sidebar including Adsense

What I do on each site varies a little. Often now when securing advertising I will secure it for a few sites, not just one. So in the time it takes to negotiate one sponsored post or one banner ad, I am negotiation 4 or more. My income increases but the amount of work stays much the same.

Also, my speaking, workshops and freelance writing all come through this site, but they aren’t the way most bloggers make money.

How do you keep your workload low and not get overwhelmed?
I don’t do everything myself, I outsource. It would be impossible to run multiple sites without staff. Here is what I currently outsource, with more planned in the coming months.

Staff writers - On The Thrifty Issue I have 3 staff writers, plus the extra posts I had from Alison as I switched it over. She was fantastic to work with.

Hootsuite – social media is a lot easier with Hootsuite. I use it to schedule and manage my social media from one spot. I like doing my own social media, particularly for this site because it is in my name. I will soon outsource the social media for the other sites though.

Advertising - Much of my advertising is done through PR firms I already have a relationship with. They know my rates, what I will and won’t post and it is usually simply a matter of them saying this is the link, I agree, payment is made. I get the post and send them the live link.

Systems – I have daily, weekly and monthly to do lists. I have a plan for social media, blog calendar so I know what I am posting and I have my business set up so that someone else could easily walk into it. It took me a little while to do it and I haven’t been perfect at it, but the systems are there.

Virtual Assistant – I had a PA for a while last year and am moving to a virtual assistant to check my emails and organize things.

I am selective about who I will use and try to outsource within Australia for everything I do. America is my back up. This mainly comes down to quality over quantity. I could get a lot more outsourced for less in Asian countries, but the language skills and communication is harder. I have found the quality of Australians and Americans when it comes to negotiating, writing, graphic design and so on is higher and issues resolved faster if they arise. I generally go Australia because it is where I live and we are in the same time zone, so same working hours.

How much do I make?
This varies from site to site and depends on the time of year, how much traffic there is and how engaged readers are etc. I won’t go into specific numbers but I can tell you I have been in profit within a week of purchase.  I make a full time income from my sites now, but I don’t just use the sites for money. I love writing, I do freelance writing, public speaking and mentoring. My sites are part of my overall business plan.

It is profitable for me because I have established contacts. Without them, I wouldn’t be as profitable when purchasing a site.

Can anyone do this?
Yes, but it requires patience, a good network, a system to know what you want to do and how you will do it. If you think you will buy a site and make money instantly without a plan on how you will monetize, without any connections anywhere and with little knowledge on running a site or social media, then you will find it hard and be in for a shock.

Like anything, you need some knowledge and experience, but I have found this to be a great way to make money from home.

Have you purchased websites? Do you monetize your sites? What tips would you add?

Also, if you have a site and are considering selling, feel free to contact me, I know others who might be interested if I am not.
*Part of Financially Savvy Saturdays on Femme Frugality and brokeGIRLrich*


My favourite 29 posts to make money, save money and more.

April 10, 2014

Today is my 29th Birthday so I want to share with you my 29 favourite posts I have written on ways to make and save money, my journey the past few years and next week I will be sharing 29 ways I have made money. And in case you want to help with my birthday […]

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Get your finances organised with Folios – Giveaway RRP $80

April 9, 2014

I do most things online now but still keep hardcopies of everything pertaining to my finances. Up until the other week I was doing this with mismatched files and not a very tidy system, although it was a system that worked for me. Now I have these nice folders from Folios Plus. They have a […]

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How do you work with young kids? ~Reader question

April 4, 2014

On Facebook I said “I will be sharing specifics on ways I have made money from home including details on websites I have purchased and how I made them profitable. Leave a comment on anything you want to know more on or any questions you might have.” One of the responses was “Did you manage […]

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