Uncategorized

WANT TO BE WEALTHY?Stop Swapping Your Time for Money.

Want to be Wealthy? Stop Swapping Your Time for Money


Many of us were taught to do well in school, get a great job, work hard, and you’ll
eventually make a lot of money. This may be true, but there is a great limitation to
working for someone else. Time. There are only so many hours in a week. No one can
buy or create more.

Even doctors suffer from this limitation. The average physician makes a large salary,
but there aren’t many that make a million dollars a year. Even a physician is swapping
his time for money. He only gets paid while he’s seeing patients. He can’t see more
than one at a time and he can’t see them while he’s asleep. The clock ultimately limits
his income.


This is also true for consultants, dentists, lawyers, and CEOs.
If you want the opportunity to make a tremendous amount of money, it’s important to
find ways to earn without your presence being necessary. Free yourself from the clock
and your ability to earn is unlimited.

There are better ways:

  1. Get paid more than once for the same work. Think about artists, authors, and
    musicians. In their respective businesses, they’re able to get paid repeatedly for
    the same work. An author can write a book and then sell a million copies over the next 10
    years. During that time, she may have written 20 more books. What could
    be better than getting paid multiple times for the same work?
    What are some other businesses that can utilize this same strategy?
  2. Do something that allows you to receive recurring payments. Leasing office
    space or other real estate to others keeps money coming in while you do other
    things. Building a website and leasing it is a similar strategy.
  3. Be an investor. The great thing about stocks, bonds, mutual funds, and similar
    investments is the ability to make money with little work on your part. You’re
    essentially making money while you sleep. You could also loan money to others.
  4. Outsource / arbitrage. Many people set up businesses and then outsource all
    the work. This is especially true online. For example, there are people that sell
    website building services. These same people then hire someone else at a
    reduced rate to do all the work.
  5. If you can successfully buy something for $X and sell it for $X+Y, you can potentially
    make money with little work. Can you think of ways to make money from the work of others?
  6. Create passive income. A website that sells an affiliate product can make
    money while you sleep and is a form of passive income. It’s not difficult to build
    a website that makes a mere $5/day, but keep in mind that’s over $1,800/yr.
    Make a list of other ways you can make money passively. Time is limitation for all of us. So far, no one has lived forever. But time doesn’t have to limit your income. Doctors, lawyers, and CEOs are paid well, but you have even great financial potential if you can break free from swapping your time for money.
    Uncertainty stops many people. If you write a book or create a website, you’re not
    guaranteed to make any money at all. If you go to your job, you can expect to get paid
    on a regular basis.

Courage and persistence are required.


Get started today and build an income stream that isn’t dependent on your time or
presence. You’ll enjoy getting paid while you’re not at work!

Love my content? Help keep up with the running costs, new interactive updates, content & moreClick the Donate button below. Thank you for your contunied support and love.
[paypal_donation_block email=’info@shereittamyrick.com’ amount=’0′ currency=’USD’ size=’large’ purpose=’Help keep Blog up and running’ mode=’live’]
Sign up below to my newsletter for inspiration, tips, free resourcses, blog updates and more. Delivered directly to your inbox. No Spam. EVER!

Subscribe

* indicates required

To your success,

author-sign

shereittamyrick

Author, Business Development Consultant, Web - Designer, Master Life Coach, Digital Diva, and Succesful Female Solopreneur. With more than 10 years of experience in business management, entrepreneurship, and life coaching, my number one goal is to share my knowledge and expertise with you. Whether you are looking to start a new business from scratch, build an exsisting business, set out on a new life goal, or you are in pursuit of general life guidance, I’m absolutely committed to motivating you to be a high achiever and to strive for success.

Recommended Articles