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When a client asks me if I think he or she is a good candidate for starting a new business, I ask several questions (see our free assessment, “Are You an Entrepreneur?”). But the truth of the matter is that these questions are similar to ones that...
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Health and Safety in KS1 & KS2 Curriculum
A Headteacher's Safety Management Toolkit Article - www.swaneducation.co.uk Health and Safety and KS1 & KS2 Curriculum. Government Action The Government determined that Health and Safety become part of the curriculum in 2002 and defined that...
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Ways to Make Money
What are the best ways to make money?
If you answered, "a job", then you have been brainwashed like
most Americans into believe that working for a company is the
best way to make money. It is absolutely NOT one of the best
ways to make money. Why not?
Most jobs have the following problems:
1. The time trap. You are trading your time for money. Even if
you are a salaried employee, you are accepting a salary for a
set number of hours that you will work each week. If you don't
work, you don't get paid. Most companies want you to work the
most amount of time for the least money and you want to work the
least amount of time for the most money. The job game is a
lose-lose game.
2. No passive income. If you stop working for any period of
time, you stop receiving paychecks. Your money doesn't work for
you.
3. No intellectual capital. If you are an employee, your company
owns your intellectual capital. It's like your company owns your
brain. You cannot sell or share your ideas and earn money.
4. No control. You have no control over your work life and
therefore your life. You cannot choose where you work, when you
work, or who you work with. Most companies require a lot of
"face time". Even if you could get your work done in 4 hours
each day, you usually need to spend 8-10 hours onsite to prove
that you are a "loyal employee". You have no control over most
of the decisions that are being made at your company. Bad
decisions made by others could put your company out of business
and then you get "downsized" or "rightsized" or simply laid-off.
5. No leverage. Entertainers and professional athletes make lots
and lots of money because they have leverage. Millions of people
watch them. They can make one movie or play one game a week and
make buckets of money because they are reaching a huge audience
with a few hours of their time. In a job, your efforts reach a
limited audience. You cannot give a speech to your department
and record it and then turn it into a teleclass that you sell
over and over again on your website. You have no leverage.
So, what are some better ways to make money without going to a
job?
1. Start a business. Yes, lots of businesses fail. But small
businesses are the engine of growth in this country. It took
Bill Gates 10 years to become a billionaire with Microsoft. It
took Michael Dell 5 years to become a billionaire with Dell.
What you need is a solid plan and then the courage to execute
the plan and the discipline to market your products or services
consistently. There has never been a better time to get rich by
starting a company. What are your goals? When do you want to
achieve those goals?
If
you want to start a business quickly and don't have the
necessary business fundamentals or want a pre-designed, proven
system, then look into joining a network marketing company. If
you can find a product you love, a company with a proven
marketing system and a management with integrity, you can
develop a great passive income stream.
Do your own research and see if it makes sense for you to start
your company from ground zero or join a network marketing
company. There are lots of good network marketing companies to
choose from. (There are also lots that aren't such good bets.)
2. Real Estate. Isn't this risky? There are no risky real estate
investments, only risky investors. You can minimize risk through
education and experience.
Don't you need money to get into real estate investing? For most
commercial real estate deals, yes. But you can succeed with
no-money down investing in the residential arena. In fact, it
may be better to start out investing with no money of your own
because you will only do great deals. You will not waste any of
your money chasing marginal deals.
Land is in limited supply, especially near the oceans. Land will
almost always increase in value. There may be some small
"corrections" in the short term, but if you invest in the right
areas, chances are they will appreciate. Plus, you can learn to
make money in up and down markets.
3. Investing in other companies. Many people put their money in
a mutual fund or index fun and are happy with 5-10% appreciation
each year. But, there are other ways to invest. Investigate
individual stocks. What products and services do you love so
much that you tell other people about them? Remember, you make a
profit when you buy not when you sell. It is impossible to know
what the future holds. Do your homework. Find stocks that are
bargains today.
4. Selling your intellectual capital. Another good way to make
money is to develop products and services around your ideas.
These could include books, tapes and CDs, workshops, videos,
etc. This is a great way to create passive income streams.
My purpose here is not to give you a roadmap for becoming a CEO
or a successful investor but to open your mind to the
possibilities. There are so many great opportunities. If you are
staying in a job that you hate because you think it is the best
way to make money, then, think again.
About the author:
Find out how to break free from the corporate world. Debra
Thorsen is a happy corporate escapee who helps individuals
create real wealth and happiness without 9 to 5 jobs. Visit http://www.fearlessguides.co
m for free tips on career change.
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