There is a major problem, however, with these types of self employment ideas. Your income will now 100% reliant on your ability to work. If there are not enough hours in the day to complete the work, you may have to work six days a week. Maybe seven day a week. Need to take some time off for a vacation or family issue? Get ready to lose income for the days you are not working.
According to Robert Kiyosaki, author of The Cashflow Quadrant, employees and self-employed people are not all that different. You may have chosen to become self-employed, as a means to reduce stress. The truth is, however, your income remains limited by the amount of time you can work.
Business owners and investors, those residing on the right side of Kiyosaki's cash quadrant, have moved beyond the exchange of personal time for money. These successful business people have created and implemented systems. These systems leverage the abilities, talents and time of others.
These systems make money for them, even if they are not physically at the business location. These systems, properly implemented, literally create money for the business owner/investor 24 hours a day, regardless of time and location limitations. This is often referred to as passive income.
A foundational concept for building wealth is that money must be harnessed to work FOR the owner. A traditional method for harnessing money for income is real estate investing. There is no doubt that real estate is lucrative; however, most investors will need access to large credit lines. They will also need to have substantial liquid cash reserves, for lending requirements and day to day operations.
If you do not have the credit and cash needed for real estate, there is another way to create passive income, leveraging the skills, talents and time of others. It's called Network Marketing.
Don't want to chase friends and family, convincing them and selling to them? Me neither. My company of choice is Success University, an MLM company that is global and Internet-based. There are no physical products to purchase or store.
Success University is available to anyone, regardless of background or financial circumstance. For less than two dollars a day, you can begin building a lifetime of residual income, even if you have no previous Internet marketing experience.
Cathy Yeatts has sinced written about articles on various topics from Work From Home, Guide Guitar and Work From Home. Cathy Yeatts in an internet-based network marketer and . Experience internet network marketing success, and recei. Cathy Yeatts's top article generates over 12100 views. to your Favourites.
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