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Sunday, January 15, 2017
Are You Optimizing Your Income?
Most of us have been told since childhood that we should go to school, study hard, get good grades, so we can…get a good job, am I right? Have you ever noticed that this timeless “wisdom” is horribly flawed? You don’t have to have a JOB to make money. A typical job is one of the worst ways to earn good money because you only earn money while you are AT work. They pay you for the hours you stay at your workplace or, what’s even worse, you have to work extra hours that your wage doesn’t even cover.
What if I tell you that you can change this situation? You can optimize your income in such a way that your income starts working FOR you. It’s called passive income. Millions of people are doing it daily. This is your key to financial freedom. Imagine that you could make money 24 hours a day no matter what you’re doing. You could be jogging, hanging out with boyfriend/girlfriend/friends or just staying at home, watching TV in your undies and making money at the same time. Isn’t that great? I bet it is.
You might be wondering how you do it exactly? Well, it’s pretty simple. When your income isn’t defined by how many hours you work or how much you make per hour, your possibilities are unlimited. You can set up as many income streams as you want. Here we offer you just a few examples of passive income:
Musicians, or any other form of art that can be sold. Musicians make money every time their song is played on the radio or one of their albums sells. If you happen to have any talent at something, make it shine. Let people know you exist as an artist.
Businesses Owners. Online business is a great alternative. You can be making money once it’s up and running or by using advertising and affiliate links.
Authors. This works pretty much the same as with the musicians. Authors make money when their book sell. They write the book once and make money on it over and over.
Now you see that trading your time for money is not the only option. There’s nothing wrong with this approach; it’s just inefficient and time-consuming way to make a living. You spend your precious time on something you might not even like or enjoy.
See, when you have a typical job, there are only two ways to increase your income. You can either work more hours, which is exhausting and not technically legal, as there’s a physical limit to how many hours you can work in a week. Or you could get a raise, which in turn, depends on how much your boss is willing to pay you.
In short, your potential is limited unless you take care of it by yourself. We don’t live forever. And don’t think the government is going to care about you. It’s only you, your family and friends…and your hard-earned money. Think about it!