One important of concept to financial freedoom is understanding money never sleeps. But you do. How can you earn money while you sleep if you’re not yet a successful investor or business owner?

Would you like to turn around in your bed and have a grin glued to your face because you know money is working hard for you at this very moment? Hey, it can be done. First you to have the desire for it and then plan for it.

One approach to get rid of is you can’t think in terms of exchanging your time for money That’s putting a ceiling on your income. You think Bill Gates is paid an hourly wage? What about Donald Trump? The owner of your local McDonald’s? They own businesses, they all have systems to make them money day in and day out, night in and night out.

Now, there’s nothing wrong with having a job and making money! But it’s usually not a great way to put incoming wealth streams on autopilot - which is what you want to make money while you sleep!

With a job or a personal service career, you usually exchange time for money. The question is: do you have unlimited hours? You can be one of the best, you still only have 24 hours in a day, 7 days in a week, and still have to eat and sleep (and hopefully take a shower one in a while!)

Think of it this way: take two dedicated salesmen. Person A is one of the best rep ever seen. He works 80 hours a week, prospects like crazy, always on the go. Sounds like a winner all right. On the other hand, Person B has hired and trained 10 part time sales reps who work on average about 20 hours each. She trains and supervises them, makes sure to answer their questions, and hires a secretary to keep paperwork and office administration running smoothly.

Who is more useful to a company? Person A or B? Who will earn more? Person B helps produce 200 hours of work each week, and she hasn’t even begun her own personal sales work yet! If that applies to a sales manager, the same principles certainly apply if you own a business. How can you apply them if you’re self-employed by yourself, of if you’re an employee?

If you’re self employed, usually in a personal service industry where you exchange your time and expertise for a fee, you can find ways to leverage your time by offering related products to your clients, such as special creams if you’re a message therapist, supplements if you’re a chiro etc. You can also associate with other professionals that complement your work, give more value to your customers and have a cut on the referrals you send: massage therapist with a chiro, and a physical trainer, etc. You can buy or rent a space and have those professionals pay you rent. The common thread in all ideas is find ways to make money outside of the time you actually work. Time is the issue here, as it is the limiting factor.

If you’re employed, consider yourself as a free agent, just like pro athletes in team sports. Make yourself better, have your company pay for your training, increase your value. First of all, your current employer won’t want you to go and may give you a raise to keep you around. Also, you may shop your services to other companies. Another step is to work from home as much as possible, get more done in less hours, and finally free a lot of your time and become a consultant for more than one company.

Those that are successful employees in the “traditional” setting (in a money making perspective), are those who live within their means, invest wisely, and have a retirement on par - income wise - with their working years. They invest at least 10% of their income in hard working long term vehicles that will work hard for them. You worked hard for your money, have it work hard for you! Focus on how to earn money besides your own work income. Learn how to invest

Final step though is to mind your own business! Get a part time project started. Be it direct sales, network marketing, or better yet if you’re here reading this, some form of internet business. Work for someone else to have the money and piece of mind as you build your side project, but really get your mind set on owning your life. That’s the ultimate security. Wherever you go, you take yourself with you. If you become the best you can be the possibilities are endless. Yes there are no guarantees in being an entrepreneur, but there certainly isn’t in most corporate settings either!

The thing to remember is this: when you finally have that big win at the entrepreneurial or investment game, even if it’s just a one time affair, if afterwards you manage your money well, you’ve got financial freedom forever! Forever! You won that game! Now you can get to do the things you like, strive to be wealthy if you choose to (and not just free), spend more time with family, and work when you want to, with whom you want to, in the way you choose to.

And that right there is the goal behind all the MoneyMaking-Guide.com video &articles!

Comments

Hi, interesting post. I have been thinking about this issue,so thanks for posting. I will probably be coming back to your blog. Keep up the good work


JessicaPirl on 10 May, 2009 at 2:46 pm #

I like your post. Good stuff. Keep them coming :)…


Arianabymn on 13 May, 2009 at 9:49 am #

Hi there, not sure that this is true, but thanks


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