"Working 9 to 5, it's a way to make a living", Dolly Parton sang these words and are true - but is it the ONLY way to make a living. What would you do if you had passive income to support you - would you still be doing the job you are doing? Or would you be out with the family, travelling or buy that new house you dream of? Life is for living, so why not give it ago! What would you do if someone gave you 5 starting points to achieve this - would you consider aiming to live your life?
Here are 5 options for you to consider - helping you out of the rat race and making money to be a catalyst to your freedom
PROPERTY - Yes, I can hear you say - property NOW? In this economy! To be honest, yes property is a great one. Do the research, look in the papers, talk to real estate agents, and your bank. There are many ways of making money in property - a fantastic book to read is "0 to 150 properties in 3.5 years" by Steve McKnight. It shows you many different ways in an easy to read format! Follow this and you will be on your way!
STOCKS - Again, I hear another moan of resistance. This is where I will simply say - read the article ("Buy American, I am" New York Times) by Warren Buffet the man who has made the most in the world off stocks. He basically says right now he is buying stocks. He has survived two other stock market crashes and has done the same in each one, why do you think he is wealthy? As with property - the biggest thing here is to research, research and do more research.
DEVELOP YOUR OWN BUSINESS - You may be sitting on an idea that the world is craving right now! Put a comprehensive business plan together and ask people what they think. This may be hard, as it is your "baby" they are talking about - but see if there is a recurring theme in their comments, if there is, adjust it so it becomes a positive attribute. A fantastic book to read is "The E-Myth" by Michael Gerber - he writes in laymen's terms on how to make a business work for you, not you work for the business. After all you are after freedom not working harder than you are now right?
FRANCHISES - If you feel that building your own business is too much of a risk, but still like the idea of having a business, Franchises are another great way to go! With proven systems that work and have proven profits, what more could you ask for. They often provide guidance and support through the whole way. One thing to keep in mind with franchises however is that you will need a substantial amount to invest with. Banks will probably lend you business loans for a franchise more so than an unproven business. Pick your franchise, check it aligns with your goals and also values & beliefs and you are on your way!
BUSINESS BASED FROM HOME OFFICE - A home based business is ideal for the stay at home parent looking to watch their children grow up. With the internet so useful and phone deals quite cheap, you can be at home - yet connected to customers around the globe! Home based businesses are often cheap to start up and can have the potential to make a lot of money. It is important to do your research as there are thousands out there, and some are illegal. Find the one that interests you and most importantly, has the potential to deliver the freedom and income you are looking for.
So where to start from here? I would look within, listen for your internal voices - one of those options will feel more comfortable than the other when you imagine yourself doing it. Start with that one. If that doesn't end up being, try the next one...and the next. It will get easier as you determine what is right for you and then you will be living the lifestyle you choose.
Here are 5 options for you to consider - helping you out of the rat race and making money to be a catalyst to your freedom
PROPERTY - Yes, I can hear you say - property NOW? In this economy! To be honest, yes property is a great one. Do the research, look in the papers, talk to real estate agents, and your bank. There are many ways of making money in property - a fantastic book to read is "0 to 150 properties in 3.5 years" by Steve McKnight. It shows you many different ways in an easy to read format! Follow this and you will be on your way!
STOCKS - Again, I hear another moan of resistance. This is where I will simply say - read the article ("Buy American, I am" New York Times) by Warren Buffet the man who has made the most in the world off stocks. He basically says right now he is buying stocks. He has survived two other stock market crashes and has done the same in each one, why do you think he is wealthy? As with property - the biggest thing here is to research, research and do more research.
DEVELOP YOUR OWN BUSINESS - You may be sitting on an idea that the world is craving right now! Put a comprehensive business plan together and ask people what they think. This may be hard, as it is your "baby" they are talking about - but see if there is a recurring theme in their comments, if there is, adjust it so it becomes a positive attribute. A fantastic book to read is "The E-Myth" by Michael Gerber - he writes in laymen's terms on how to make a business work for you, not you work for the business. After all you are after freedom not working harder than you are now right?
FRANCHISES - If you feel that building your own business is too much of a risk, but still like the idea of having a business, Franchises are another great way to go! With proven systems that work and have proven profits, what more could you ask for. They often provide guidance and support through the whole way. One thing to keep in mind with franchises however is that you will need a substantial amount to invest with. Banks will probably lend you business loans for a franchise more so than an unproven business. Pick your franchise, check it aligns with your goals and also values & beliefs and you are on your way!
BUSINESS BASED FROM HOME OFFICE - A home based business is ideal for the stay at home parent looking to watch their children grow up. With the internet so useful and phone deals quite cheap, you can be at home - yet connected to customers around the globe! Home based businesses are often cheap to start up and can have the potential to make a lot of money. It is important to do your research as there are thousands out there, and some are illegal. Find the one that interests you and most importantly, has the potential to deliver the freedom and income you are looking for.
So where to start from here? I would look within, listen for your internal voices - one of those options will feel more comfortable than the other when you imagine yourself doing it. Start with that one. If that doesn't end up being, try the next one...and the next. It will get easier as you determine what is right for you and then you will be living the lifestyle you choose.
About the Author:
Hayley Weatherburn is an Entrepreneur Coach who also has her own personal development home based business. Hayley is passionate in helping others succeed in their financial dreams whether it through coaching or her opportunity for entrepreneurs.
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