Does your job consume you, and yet you can't seem to grow the nest egg you need for retirement, or even for surviving when this job ends? Are you raising a family that you never see? Do you want to work from anywhere, on your own terms, and still take care of your family?
If you've thought about your goals in life (and I can help you do that for free here), then one or more of these questions is definitely on your mind. And the answer that everyone seems to wonder about is passive income.
To become financially independent, you need to get beyond a job, even a high-paying job...
If you've thought about your goals in life (and I can help you do that for free here), then one or more of these questions is definitely on your mind. And the answer that everyone seems to wonder about is passive income.
To become financially independent, you need to get beyond a job, even a high-paying job...
FREE BONUS: For a limited time I will send you a free e-book called, WiFi Millionaire. Details below. |
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In the US it is common for people with high salaries to spend everything and get into debt. That is what happens when an economy is based on consumption - everyone consumes! Yes, there are foolish forms of consumption. But even basic consumption, like a mortgage or rent, school fees, a car loan or two, eating out occasionally, and basic food and clothing, can drain a decent salary.
So that means starting a business, right? Maybe. If you want to start something on the side while keeping a job, the more passive the income source the better. However, contrary to popular belief, there are no purely passive forms of income. Some income sources can be delegated more easily than others, which means the active management is handled by someone else. But when starting out, it is often better to do the active management yourself until a system is in place.
The two classic forms of "passive" income are real estate and investment in the stock market. It is simply not true that you need a big pile of cash before being able to take advantage of either of these forms of income. I have bought real estate in San Francisco with 3.5% down, and I have bought multi-unit apartment buildings in Japan with 0% down. Once you have the properties, however, the real headaches start. The business of finding and managing tenants, dealing with repairs and upgrades, paying property taxes, and trying to stay ahead of your mortgage is far from effortless.
Ok, so you should hire a property manager, right? Yes, you better find a good one who works on terms that are aligned with the business, meaning their compensation should be based on success in net profit. But that is just the beginning of reducing the effort and risk involved. Real estate is physical property, and as such it needs maintenance. Those expenses can be large and unexpected. Declining rents and rogue tenants are another risk. Overall market direction is another risk, especially if the strategy is focused more on capital gains than regular income.
What about investing in the stock market? It is also true that not a lot of cash is required to get started. And there is something to be said for investing small amounts regularly and letting the magic of compounding work in your favor. That is great when your time horizon is 30 years until retirement. What if you are trying to generate a regular income, or you have 10 years until retirement, or you are already retired and your nest egg is not that large (or it got decimated in the last market crash)?
Let's look at a popular strategy for starting with a small account and leveraging it up: stock options. The beauty of options lies in the small investment required to control 100 x in value. There are many, many ways to trade options, and the best strategies reduce risk to a level that is actually less than the risk involved in holding stock. But trading requires a great deal of knowledge and skill, even if you are following a trading service from some market guru. Most strategies require a lot of active involvement in managing positions. Manage risk without emotion, expect to have periods of losses, and be extremely mindful of psychological traps.
Neither real estate nor stock investment is low maintenance when you are starting with a small amount and trying to generate a decent income. It would be better to dive in and learn as much as you can, doing the work yourself to a large degree. Can they work well? Yes, with lots of commitment, training and hard work. Eventually they could become somewhat passive, in the sense that risks are reduced by learning from your mistakes, and some of the effort is delegated. But you're trying to keep a job and start something on the side, right?
So here is an offer that is worth considering. The bulk of the business is already there to leverage as a system, and your management can also become a system. Plus, you will learn skills that will help any business, if you should decide to start a business from scratch or already have one. It's win-win.
It will also enable location independence, not just financial independence. With the current state of technology, it is absolutely possible to change how and where we live and make a living. I was part of the engine of change in Silicon Valley (see my fan page on Facebook, SF startup@bizdynamo) and it is definitely worth taking advantage of the "outputs" from Silicon Valley to change your life!
The small cost of this offer is fully refundable, so there is no risk in checking it out. This has worked for thousands of people around the world and it provides unbeatable leverage. It will fit alongside a job, or replace a full-time salary, and can scale to very significant levels of income. And it will help any business by developing key skills that you can use in any market with any product or service.
Make the small leap to see for yourself. This may be the next step to achieving your goals in life.
So that means starting a business, right? Maybe. If you want to start something on the side while keeping a job, the more passive the income source the better. However, contrary to popular belief, there are no purely passive forms of income. Some income sources can be delegated more easily than others, which means the active management is handled by someone else. But when starting out, it is often better to do the active management yourself until a system is in place.
The two classic forms of "passive" income are real estate and investment in the stock market. It is simply not true that you need a big pile of cash before being able to take advantage of either of these forms of income. I have bought real estate in San Francisco with 3.5% down, and I have bought multi-unit apartment buildings in Japan with 0% down. Once you have the properties, however, the real headaches start. The business of finding and managing tenants, dealing with repairs and upgrades, paying property taxes, and trying to stay ahead of your mortgage is far from effortless.
Ok, so you should hire a property manager, right? Yes, you better find a good one who works on terms that are aligned with the business, meaning their compensation should be based on success in net profit. But that is just the beginning of reducing the effort and risk involved. Real estate is physical property, and as such it needs maintenance. Those expenses can be large and unexpected. Declining rents and rogue tenants are another risk. Overall market direction is another risk, especially if the strategy is focused more on capital gains than regular income.
What about investing in the stock market? It is also true that not a lot of cash is required to get started. And there is something to be said for investing small amounts regularly and letting the magic of compounding work in your favor. That is great when your time horizon is 30 years until retirement. What if you are trying to generate a regular income, or you have 10 years until retirement, or you are already retired and your nest egg is not that large (or it got decimated in the last market crash)?
Let's look at a popular strategy for starting with a small account and leveraging it up: stock options. The beauty of options lies in the small investment required to control 100 x in value. There are many, many ways to trade options, and the best strategies reduce risk to a level that is actually less than the risk involved in holding stock. But trading requires a great deal of knowledge and skill, even if you are following a trading service from some market guru. Most strategies require a lot of active involvement in managing positions. Manage risk without emotion, expect to have periods of losses, and be extremely mindful of psychological traps.
Neither real estate nor stock investment is low maintenance when you are starting with a small amount and trying to generate a decent income. It would be better to dive in and learn as much as you can, doing the work yourself to a large degree. Can they work well? Yes, with lots of commitment, training and hard work. Eventually they could become somewhat passive, in the sense that risks are reduced by learning from your mistakes, and some of the effort is delegated. But you're trying to keep a job and start something on the side, right?
So here is an offer that is worth considering. The bulk of the business is already there to leverage as a system, and your management can also become a system. Plus, you will learn skills that will help any business, if you should decide to start a business from scratch or already have one. It's win-win.
It will also enable location independence, not just financial independence. With the current state of technology, it is absolutely possible to change how and where we live and make a living. I was part of the engine of change in Silicon Valley (see my fan page on Facebook, SF startup@bizdynamo) and it is definitely worth taking advantage of the "outputs" from Silicon Valley to change your life!
The small cost of this offer is fully refundable, so there is no risk in checking it out. This has worked for thousands of people around the world and it provides unbeatable leverage. It will fit alongside a job, or replace a full-time salary, and can scale to very significant levels of income. And it will help any business by developing key skills that you can use in any market with any product or service.
Make the small leap to see for yourself. This may be the next step to achieving your goals in life.
FREE BONUS: If you try the offer, for a limited time I will send you a free e-book called, WiFi Millionaire. |
This book gives many tips about using current technology to pursue any kind of business endeavor, and also introduces a system for leveraging an existing business. Just enter some details below and, after confirming your email address, you will see the main offer and some testimonials. After you purchase that offer, just send me the receipt by email and I will send you the book, WiFi Millionaire at no cost. Normally the book costs money and this is my way to give you added value - for as long as I am allowed to do this!
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Photo used under Creative Commons from Georgie Pauwels
