Home Based Online Business Opportunity Now

Plan your life (3) – build your assets

by BillStewart on Jun.02, 2009, under Business Opportunity Comments

Do you know anybody who got rich working in a job? I’m sure you know plenty who have a very comfortable life as a result of exchanging their time for money, but rich? I mean RICH? Of all the people I know, only one is what I would consider to be rich as a result of his job, but even he gets most of his income from bonuses (he works for an investment bank –but for how much longer?) and he has to work a lot of hours to get it.

Let’s face it, working a job is like working a treadmill, and for most of us there’s no getting off. We work 40-50 hours per week for 40-50 years, then we retire and have time to relax – but not the money we need to enjoy it.

There has to be a better way.

There is, but nothing’s for free. The biggest thing it’s going to cost you is a change of mindset, followed by some time and effort. You have to DECIDE that you are not going to stick on that treadmill forever, that you WILL be wealthy (whatever that means to you), and that you WILL do what it takes to get there.

What it takes can be described in just one word – ASSETS. Now, when you talk to your banker or your insurance agent, they will class as an asset anything that you have acquired – your house, car, boat, tv, clothes, sports equipment, all those consumables that have soaked up your cash. But in reality, they are not assets, they are on the COST side of your balance sheet.

The real assets that you need are things that are capable of generating an income without you actually having to be present. So, if you have your own business, but you have to be directly involved for it to operate, it’s not an asset in this sense – it’s a job. You need to make your business work without you being there, so what you do for your business is define the systems that make it work, rather than actually do the work yourself – then your business is truly an asset.

You can acquire assets by investment. Instead of spending everything on consumables, make a decision to use a part of your income for investment, every time you get some income, all the time. The investment can be property for rental, stocks and shares, equipment that can be rented out, anything that can generate an income.

A good multi-level marketing organisation can be an asset too. By expending effort to build a team of distributors you can develop an asset that generates an income without your presence – your team continues to find customers and recruit further distributors, so you receive an income without your continued effort – just the kind of asset we are looking for.


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