Making Money Ideas Today - Real Examples Of Money
Real Examples Of Money Making Ideas Paperback Book
Most people earn money via a job where you give your skills and time for a salary. There is nothing wrong with this I was a freelance I.T. consultant for over 25 years and was paid handsomely for my skills and time. But there is one problem, if you are not commission based such as in sales or on large bonuses as a result of trading stock markets then it does not scale. In other words you will hit a salary cap unless you can clone yourself which I very much doubt. You could do more than one job but the principal is the same. I will be brutally honest here if you trade your time for money you are taking the easy path in life! I heard a great quote “Taking easy decision results in a hard life”. The best approach would be to do a job and take a salary whilst building other income streams. Once the money from these streams is greater than your current salary quit your salaried job. But guess what this is what really happens, you get a job, you get in from work, put your feet up, watch TV etc. You do not invest time in investigating other income streams so you are trapped in this cycle. What compounds this is that you increase your lifestyle costs when you get a salary increase or a better job. You buy a better car or a bigger house as we need to keep up with the Joneses! Does this sound familiar? I bet it does I have been there trust me.
I was a consumer and not a producer back in the old days, nice cars and holidays then one day I had a wakeup call that came out of the blue. This is how I woke up I had got to a point where I was earning between £15K to £20k per month before tax and expenses. I had increased this income over the years by learning new skills working longer hours plus working overtime and weekend work. I suddenly realised I had hit an income ceiling plus working long hours constantly was like holding a tiger by the tail.
So what did I do next?
All Roads Are Not Paved With Gold
When I started on my journey I watched the endless videos on how to make money and believe me there are some wild claims out there in fact crazy ones at that. They normally were followed by a link to the course they were selling I think we know how they were making their money. Believe me there is no easy way to make money it requires dedication and understanding of all aspects of business. You need to let all emotions disappear during your journey and be prepared for many setbacks. Make sure you understand your business ideas and do your due diligence before jumping in head first.
You also need to be prepared for a very long journey, forget weekend recreation its 7 days per week to get your business ideas started. One other thing you must be prepared to do is to scrap your business idea if you hit showstoppers or you have misunderstood the market. This happened to me more than once. I entered the Yoga and bags retail businesses and could not afford the Google search costs per click so there was no website traffic and thus no sales, more on this later.
One final comment stay away from all the bullshit videos out there claiming you will make thousands of pounds per day, it is all rubbish.
Friends and Family Thought I Was Mad
I would hear the words “You are giving up that income per month? I wish I earned it.” would be the order of the day. To be honest and you might think I was being selfish the money was good but it became sole destroying after a while. I was trading a great deal of my time for it plus in addition losing time with my family which I could not get back. I was also becoming frustrated as the income scaling problem was constantly nagging me. I would be constantly asking myself two important questions,
1. How do I scale and make more money efficiently.
2. How do I make this money passively 24x7 on autopilot.
Are You Ready For The Financial Crash?
I predicted the 2008 crash and told my friends at a football match it would happen and to make sure you have some cash reserves behind you.
Well we all know what happened!
Basically if you work in a job you are vulnerable it is as simple as that!
Plus you are trading time for money and is your income worthy of your precious time I think not!
It took me a while to understand that it's one big club and you are not in it.
If you are not in control of your destiny you are screwed.
I wrote a book that explains 7 ways you can make money under your control.
I have implemented all of these 7 ways to make money.
I wish I had this when I started life after University they do not teach this.
It's the usual crap get a job pay into a pension and enjoy it when you are 90 years old!
It disgusts me the minimum wage paid in the UK thats another chapter I will not discuss it here.
I recommend my book it might come in handy this year!