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Showing posts with label investment. Show all posts
Showing posts with label investment. Show all posts

First Way: Trading Your Time For Money

All employment descriptions in the classified advertisements are jobs. These are examples of the first way of making money-trading your time for money. You attend job, you spend your time and you get paid for your particular time.

All the employees and all self-employed persons fall into this category. If you have to be there to get paid-it’s job.

A job is a financial restraint. It limits how far you can earn. It most of the time bothers you for your future. To be frank, it might pay you about 25 percent of what you are really worth-probably less than that. Because your employer has to make money-a lot of money. This is possible when he or she pays you less than what he or she charges customers for what you produce.

People using this financial vehicle never have any time to do anything else, because they spend it all chasing money. For people with a job, time is money-literally. When you don’t put in the time, you don’t get any money. So, you work all the time, trying to get ahead, hoping that working longer and working harder will bring success.

No matter how hard you work. Working harder for more hours is not the answer. You’re on a treadmill, and it’s deadly stressful.

Tell me, if you worked twice as long-would you earn twice as much?

If you worked twice as hard-would you earn twice the income you get?

Could you work twice as hard or twice as many hours as you do now? It’s next to impossible!

Self-employed persons face the same challenge. It is a job if you have to be there. It’s a job if your income is limited by the amount of time that you can spend working. This is true for highly paid doctors and lawyers, too. If they don’t show up, they don’t get paid.

This first way of making money was not designed for your success. It’s for your employer. You generally work for someone else’s success.

A job takes your time and gives you money-not a living, just money, and less than you deserve-in return. Your productive time is your only real asset. Spending your time, selling your time for an income, you continually face the challenge of truly making a living.

Your time is limited. You have only 24 hours a day, 168 hours a week. And that’s the same amount everyone else has, too. So you do have time, but it’s limited; and when it’s gone, it’s gone for ever.

In the past, the only two ways to break through the income plateau were to make your time more valuable with more education, or with more experience-or both.

But today there is no correlation between college degrees and steadily increasing earnings. There is no connection between higher education and financial security.

A job is not the best way for creating the life and the security that you want. Trading time for money constricts your future.

Second Way: Investing Your Money

The second way of making money is to leverage your savings or other money that you don’t require to pull on your days-excess money. You can invest that money in the stock market, real estate, limited partnerships, mutual funds, or other investment opportunities.

Third Way: Investing Your Time

The third way of making money is to leverage or invest your time in other people. Leveraging time is the real key to all lasting wealth in the world. When you leverage your time, you create more time and more money. 90 percent of the millionaires made their fortune in this way.

The best media to earn wealth and freedom is people. Look at this –a word of advice from one of history’s richest men, J.paul Getty;

“I would rather earn one percent of a hundred people’s efforts than 100 percent of my own.”

You must learn to organize other people for mutual benefit with an attractive earning opportunity.

When you help enough other people to get what they want in life, then you can have whatever you want. You need to own a business system that leverages time.

We all serve people in the process of providing products and services. More sales volume equals to more income. The important things are the potential demand and the capability of the distributing the products or services that you deal with. The main important thing is to serve an unlimited number of people.

When you control the volume, you control your future. You can do this by investing your time in unlimited people.

Time is most important. Let’s consider how you can leverage your time.