7 Easy Ways To
Make Big Money
While You Sleep
7 Easy Ways to Make Big Money While You Sleep…How the Rich Live…. How do the rich live? We see them on television playing polo and living the high life.
What are they willing to endure to live that life? Who are these people? Why do they skip the drudgery and pain of financial struggle that most seem to endure? They pay less in taxes and earn more with seemly no effort. What are their secrets?
A better question is not “What do they know?”, but “What do they do?”. I work with wealthy people. As a corporate manager I have for some time. My boss is worth 20 million dollars. His boss is worth 120 million dollars. How do I change my fortune to be more like them? Well, my sense of fear has to go.
These men have very little sense of fear. This is a base observation. You can NEVER grow rich fearing loss or risk. People become rich by being risk takers. Unfortunately, this is the same personality that becomes addicted to gambling.
Rich BUSINESSMEN are gamblers and risk takers. This personality is a critical part of your persona if you expect to grow rich. Unfortunately, lots of schooling and high-paying jobs put you at the opposite end of the spectrum.
Executives make their living by being educated, cultured and working for security. While these men do quite well, they will almost certainly never become wealthy. Their whole lifestyle is contrary to the risk-taking mentality. One of the first characteristics of wealthy people is they have a healthy attitude concerning risk.
The other issue that the poor don’t seem to understand is the value of assets and liabilities. Many young people will say “I don’t want to borrow money for college” but will go out and spend $30,000 on a new car. A college education can pay you every day of your working life. What asset can you buy that pays in this manner?
Perhaps an equity or liabilities portfolio, but that doesn’t pay every two weeks. The poor do not take advantage of small improvements to better the overall effectiveness of their financial situation.
Constant optimization leads to an elite status. Below are some examples of circumstances the poor tend to think are optimal:
(1) No car or owned transportation
(2) Living in a “cheap” neighborhood
(3) Purchasing a car at a “low-end” car lot
(4) Bad Credit “Cheaper not to pay bills”
Not having a car costs a lot. People without transportation have to pay for almost every place they go with taxis or friends. It is FAR more expensive to bum rides or pay for a “friend’s” gas at every turn.
Cheap neighborhoods have higher insurance rates, and higher tax rates; NONE of which build value yearly. Purchasing a car at a low-end lot costs far more per month than a conventional purchase. Finally, it is never cheaper not to pay your bills. You pay more for loans, credit cards, and all lines of credit.
The wealthy take advantage of lower interest rates, wealth-build opportunities, assets that build cash value, optimal housing, educational, and tax conditions. The poor fail to take advantage of these conditions and with a rising cost of living fall farther, and farther behind.
HOW TO MAKE MONEY….
How do you make money? How do you not let money use you? Well let’s take the first question? How do you make money?
Here are some easy ways:
1) Job
2) Start a business
3) Inherit money
4) Lottery / Gamble
5) Crime
As odd as it sounds, all of the above are viable ways to make money. Most of the population makes money via a job. We work for others. This is a familiar, respectable and time-honored approach to supporting yourself. The only problem is sometimes you end up jobless, defeated, and angry. Welcome to the rat race!
Starting a business sounds nice. Become the boss with all the neat stuff like suits, executive offices, and lavish lifestyle. This sounds great as long as you are successful, and you assume ALL the risk.
We touched on this before. Mentally you need to prepare to go through the fire of being an entrepreneur if you have never done this before.
Inheritance is great. You just need someone rich to die and leave it to us. This is not likely and nonrenewable. The money is always running out if you don’t make more.
The lottery is simply NOT going to happen. Gambling is just plain stupid. Casinos don’t build 75-million-dollar fountains with the money they lost to patrons.
The constants in making money are preparation, preservation and perspiration. The preparation is what we’ll call the money trap. Preparation centers around the business construct, the marketing action and the follow-through.
Efficiency is of the utmost importance. Preservation means that your business must preserve its value. Value embedded as hard assets, or financial instruments have long been used for value
preservation. Preservation of value is re-investment. Re-investment is business building.
Perspiration is the undeniable cost of owning and running a business. Most of the fantasies about running and owning your own business fade when the self-employed realize that when they don’t work, they don’t eat.
This is the challenging work that nobody likes to talk about. Successful owners are diligent, disciplined, and focused people. They work weekends, holidays, and virtually every day.
Most business has entry barriers, the minimum cost of investment. With the age of computers has come new businesses like internet marketing, desktop businesses, and other digital businesses. It is critical that entrepreneurs take advantage of automation.
A few business forms don’t involve interaction, high entry barriers (big investments to start) and other difficulties. MOST traditional brick-and-mortar businesses involve the investment of thousands of dollars, often with no business training or mentoring in the field of business.
An excellent business is one that fits the following description:
1) Low or no investment
2) Requires little/low time investment
3) Requires few/no employees
4) Provides a RENEWABLE source of income
5) Services are FAVORED over goods, as services are infinitely renewable, products reach a sales maturity level and decline
Below are some examples of desktop businesses you can use at home to make money:
• Resume writing
• E-bay
• Internet Information Marketing
Here’s What’s Included
Permanent Tourists….
7 Ways To Start Earning Money….
Information Entrepreneur
Product Development Timeframes
Product Lifecycle
Website Expenses (Keep them low and bundled)
Marketing Techniques
List building
Test Marketing Techniques
Product Cloning
Law of Business diversity
Cash flow planning
E-bay Business Planning
Client List Building
Product Cloning
Law of Business Diversity
Cash flow Planning
Information Products (Paper)
Special Sauces and Mixes (Mostly water)
Printing/Writing Services (Service)
Autos (Fix broken-down cars)
Custom Services
And Much More…
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