Business & Finance Corporations

Freedom - The Road to Wealth Less Traveled

How would you like to be free financially? Imagine the lifestyle.
Perhaps you dream of lounging on a tropical island and sipping fruity cocktails.
Maybe you have always wanted to have the time to write a screenplay, or help troubled teens.
Imagine, your time is yours, you can spend it with the kids, travel, pursue your passions, or volunteer to make a difference in other people's lives.
We've all had that dream of living life on our terms but for most people it never becomes anything more than a daydream.
I want to encourage you to take that trip and travel down the road to wealth.
Our destination is freedom.
The road will be long and we will never really know where we are headed.
It will take courage and determination but we can get there.
Other people have already created the map for us.
Wealth and financial freedom come from creating multiple sources of passive income.
This is often referred to as mailbox money or residual income.
It can come from many sources but the idea is the same.
It all comes down to assets.
Assets can be bought or created.
I prefer a combination of both.
Start by creating a greater income and then use that money to create more assets.
Let's consider some of the different avenues that will lead us to wealth.
Investing in the Stock Market Many people have created a substantial amount of wealth this way.
It requires a lot of research and understanding of business fundamentals.
Or, just sheer luck.
Owning a Business I highly recommend this.
I prefer businesses that can be started with little money.
Many people will go out and purchase a franchise for $50,000 or more just to realize that what they have purchased is really just a job.
The key to franchises is owning many of them and not having to work in them yourself.
A low cost alternative is network marketing also referred to as multi-level marketing (MLM).
The greatest thing about this type of business is that is has a very low startup cost with an unlimited income potential.
There are companies today that offer a wide variety of products and services.
You are sure to find one that suits you.
An added benefit to owning your own business is the tax deductions you will receive.
You can also cover some of your existing expenses with a home based business.
Internet Marketing I like to use internet marketing in combination with network marketing.
Internet marketing can be used to generate customers or representatives for any other business that you are in.
There is also affiliate marketing which means getting paid for sending people to buy other people's stuff.
Stand alone affiliate marketing seems to have a pretty high learning curve and often times the payouts aren't that great.
I would only suggest combining affiliate marketing with other online marketing efforts.
Real Estate I started as an entrepreneur in real estate.
It is possible to invest in real estate with little money out of pocket, but it is also easy to overlook the risks.
Trust me, the risks are real.
I still love real estate but now realize that I need to have some cash to hold property.
Create an Information Product Courses and eBooks sell like crazy online.
Everyday I get some new 'must have' product page sent to my inbox.
Creating electronic, meaning virtually no production cost, products can create a huge income.
Of course it helps to already be well known or have other people pitching your product for you.
There are even websites like ClickBank and PayDotCom where you can get other people to sell your products as an affiliate for a commission.
Pay Off Your Debt Surprising, isn't it? If you didn't have all those credit cards holding you down every month you would have extra income that you could invest.
The reality is that we usually live according to our means.
When we earn more, we spend more.
Reducing your expenses and paying off debt can get you out of the rat race quickly.
Take Action Create a plan and stick with it.
There is no "easy button" for wealth.
Use your time wisely and build something that will continue to pay you for years to come.
Wherever you are at the moment, start your trip to freedom today.
If you are currently employed, keep your day job while you are working your plan.
If you are unemployed, you have no excuse to not begin.
You will also learn a lot about yourself in the process.


Leave a reply