Ways To Fund Your Inspiration & Make It A Reality

There is inspiration around us constantly. Whether it is being inspired by your instagram feed, browsing Pinterest, reading magazines or even just walking past someone in the street or talking to friends and family, there are plenty of ways to stay motivated and inspired. However, how often do we act on that inspiration?

I for one feel inspired on a daily basis, however I am really guilty for not always acting on my inspiration. This is especially true when it comes to travel. I follow so many amazing travel bloggers on Instagram and frequently read their blog posts, wishing that I could do what they do.

I think that it is so easy to dismiss our inspiration and turn it into a daydream. To push it to one side and blame things like money and time, as a reason for not acting on what inspires us.

Keep reading to find out a few different ways to fund whatever it is that has inspired you lately. Whether it is a new travel adventure, a business idea or to help you get that dream home.

Dig into your emergency savings

Whether it’s a savings account that has plenty of money, a secret stash of bank notes that you’ve kept under the bed or even access to poor credit homeowner loans, dig into your savings if you’ve inspired yourself to think of an idea that no one has done before. You might think that loans are questionable because you’re borrowing money you can’t own, but there is such a thing as good and bad debt.

Good debt is when you invest your money and potentially fall into debt for the sake of growing something. For example, taking out a loan to start a business is fairly normal, and the return you get is often enough to pay back the loan you took within a few shorts months. Of course, the business idea you develop plays a huge role in the success of your project, but there’s a fairly high chance that you will be able to recuperate losses and claw out of debt quickly if you plan ahead.

Bad debt is characterised by having little to no long-term benefit. For example, taking out a loan to buy video games is a terrible idea because those games typically won’t return money to you unless you sell them. Bad debts are often seen as greedy debts, so it’s best to avoid these and focus on good debts such as student loans and mortgages—both of which are common in life.

Crowdfunding for your business ideas

If you’ve decided to put together a business plan, then you need to convince investors or business partners to help fund your idea. Unfortunately, this can be difficult especially if the investors are being tough to work with. No matter how intricate or detailed your plan is, there’s always going to be problems that remain undetected,

A far better solution to fund an inspired business idea is to use crowdfunding. Crowdfunding allows you to connect directly with your intended audience over internet-based platforms. You’ll need to present a sample or prototype before you attract attention, but the campaign itself can be a huge help in getting you the right funding for your business ideas. It’s also common to offer project incentives that seek to convince your audience.

Keep in mind that crowdfunding can have some serious drawbacks. For example, if you don’t deliver on your promises, don’t show continued progress or even leave the project entirely, then your customers will be incredibly frustrated and will demand to see your progress.

Work with a partner

Starting a company or project with partners is becoming increasingly common. However, you need to trust your partner before you do business with them. If you believe that you’ve got a fantastic idea in the works and a partner that is capable of funding you, then you could go on to create something special without feeling like you’re working for someone else.

Grabbing yourself a partner can be quite troublesome if their attitude and mood don’t fit with you, but it’s one of the quickest ways to start a business especially if they’re able to provide you with the money and other resources required.

If you’ve inspired yourself with unique ideas, then find a way to fund your inspiration to create something out of them. Whether you fund it with your own emergency funds, a loan, a crowdfunding campaign or even by contacting a business partner, you should never let your good ideas go to waste. Always explore them and look for ways to refine and improve your charisma.


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