From business tips to the latest tech gear, discover the best ways to operate your work day. Whether you’re still working for someone else or are far along in your own vocation, follow our career hacks to help you to make that extra dollar.
A picture is worth a thousand words but sometimes you don’t have that photo. It happens often to me. Luckily, …
This page contains a hodgepodge of website building for cash resources. Some of it’s just notes for myself. But some …
Make Money as Your Own Boss Online and Offline
There are a few schools of thought on how to get extremely wealthy. And also a few thoughts on what exactly wealth is. However you define it, most people who have been around the block will tell you that having the freedom and flexibility to manage your time and do as you please is the ultimate satisfaction.
Remember, you can’t buy time. Although you can certainly take shortcuts, outsource work and delegate tasks.
Work for 30 Years, Save and Invest
The traditional way to get rich is to get a secure job at a good company and save, save, save. And not just save, but invest that money so it can work for you. Climb that corporate ladder and build your career as a company man.
By doing this you’ll certainly be a rich man or woman in the long run, but unless you’re making a very high salary job (think healthy 6 figures) for 30 years and investing a ton of it into the stock market/real estate, you will never get that super rich status where money is no object.
Look at all the richest people on the news. How many of them are their own boss and how many of them work for somebody else?
Work for Yourself and Own Your Freedom
Here’s the better thought. Forget about the money and do what you love. Be your own boss and own your time. Whatever you’re passionate about, be confident that you can make a great career out of it by being the best at it.
Once you become the authority on the subject matter, the money will come. And depending on the business model, the sky may be the limit for your potential income. This is rarely the case when working for somebody else. Remember, if you’re employed by another person, you are trading your time for money and building that person’s dream and wealth.
And, in the USA, “at-will” employment means you can be let go (fired) at anytime. Company loyalty is a thing of the past. And so is the rat race.
Create Multiple Passive Income Streams
Consider building up a business that produces passive income. It makes money while you sleep or while you golf or whatever you’re doing at the time. While nothing comes easy and there is truly no “passive” income, as you still have to work really hard to get it to that point, you can and will get it to that point if you keep at it and get a little lucky.
The key here is automation and scale. As long as you find something that can make money, while still allowing yourself to be (nearly) removed from the equation (think 4-Hour Work Week) you should able to scale it to the moon!
Love What You Do
In our opinion the coolest careers are the ones that you love doing. For us, it’s sharing knowledge and creating passive income streams. For you it could be running your own bed and breakfast. Your income doesn’t need to be passive for you to get super rich either.
Invent something, do something better than everybody else, there are so many ways to make money. The number 1 thing you can do for yourself is take that first step. With great risk comes great reward. And what lies on the other side of fear is everything you want.
If you love what you do, you’ll never work a day in your life.