Friday, August 28, 2009

Ways to Make Money

What are the best ways to make money?

If you answered, a job, then you have been brainwashed like most Americans into believe that working for a company is the best way to make money. It is absolutely NOT one of the best ways to make money. Why not?

Most jobs have the following problems:

1. The time trap. You are trading your time for money. Even if you are a salaried employee, you are accepting a salary for a set number of hours that you will work each week. If you dont work, you dont get paid. Most companies want you to work the most amount of time for the least money and you want to work the least amount of time for the most money. The job game is a lose-lose game.

2. No passive income. If you stop working for any period of time, you stop receiving paychecks. Your money doesnt work for you.

3. No intellectual capital. If you are an employee, your company owns your intellectual capital. Its like your company owns your brain. You cannot sell or share your ideas and earn money.

4. No control. You have no control over your work life and therefore your life. You cannot choose where you work, when you work, or who you work with. Most companies require a lot of face time. Even if you could get your work done in 4 hours each day, you usually need to spend 8-10 hours onsite to prove that you are a loyal employee. You have no control over most of the decisions that are being made at your company. Bad decisions made by others could put your company out of business and then you get downsized or rightsized or simply laid-off.

5. No leverage. Entertainers and professional athletes make lots and lots of money because they have leverage. Millions of people watch them. They can make one movie or play one game a week and make buckets of money because they are reaching a huge audience with a few hours of their time. In a job, your efforts reach a limited audience. You cannot give a speech to your department and record it and then turn it into a teleclass that you sell over and over again on your website. You have no leverage.

So, what are some better ways to make money without going to a job?

1. Start a business. Yes, lots of businesses fail. But small businesses are the engine of growth in this country. It took Bill Gates 10 years to become a billionaire with Microsoft. It took Michael Dell 5 years to become a billionaire with Dell. What you need is a solid plan and then the courage to execute the plan and the discipline to market your products or services consistently. There has never been a better time to get rich by starting a company. What are your goals? When do you want to achieve those goals?

If you want to start a business quickly and dont have the necessary business fundamentals or want a pre-designed, proven system, then look into joining a network marketing company. If you can find a product you love, a company with a proven marketing system and a management with integrity, you can develop a great passive income stream.

Do your own research and see if it makes sense for you to start your company from ground zero or join a network marketing company. There are lots of good network marketing companies to choose from. (There are also lots that arent such good bets.)

2. Real Estate. Isnt this risky? There are no risky real estate investments, only risky investors. You can minimize risk through education and experience.

Dont you need money to get into real estate investing? For most commercial real estate deals, yes. But you can succeed with no-money down investing in the residential arena. In fact, it may be better to start out investing with no money of your own because you will only do great deals. You will not waste any of your money chasing marginal deals.

Land is in limited supply, especially near the oceans. Land will almost always increase in value. There may be some small corrections in the short term, but if you invest in the right areas, chances are they will appreciate. Plus, you can learn to make money in up and down markets.

3. Investing in other companies. Many people put their money in a mutual fund or index fun and are happy with 5-10% appreciation each year. But, there are other ways to invest. Investigate individual stocks. What products and services do you love so much that you tell other people about them? Remember, you make a profit when you buy not when you sell. It is impossible to know what the future holds. Do your homework. Find stocks that are bargains today.

4. Selling your intellectual capital. Another good way to make money is to develop products and services around your ideas. These could include books, tapes and CDs, workshops, videos, etc. This is a great way to create passive income streams.

My purpose here is not to give you a roadmap for becoming a CEO or a successful investor but to open your mind to the possibilities. There are so many great opportunities. If you are staying in a job that you hate because you think it is the best way to make money, then, think again.

Find out how to break free from the corporate world. Debra Thorsen is a happy corporate escapee who helps individuals create real wealth and happiness without 9 to 5 jobs. Visit for free tips on career change.

1 comment:

  1. Make Money Online From Investment(High Return Liberty reserve Investment Plans Without risk)

    Make Serious and fastest Money in Paying hyips
    Make millions liberty reserve and perfectmoney in paying hyips fastest Real Investment
    Many people today feel like they don't have enough money in their lives. These days having only one stream of income isn't enough. People are always looking for more. Life is getting expensive. People want to be able to go out and do

    what they want, take vacations, have fun, and in general enjoy life. The problem is that they usually don't have enough money or time to enjoy these things. This is where E-Currency Investment comes in.
    Finding the solution to this problem is not easy. Most people fail when they start their own business. Most people will never see the light when it comes to building a successful online business. It's just not something that can be done,

    it takes money, time and a lot of effort to put together something that will work and bring you profits all the time.
    Becoming a HYIP Investment expert is not easy, but it can be very profitable, you can be able to gain monthly interest as high as you will never find in any other investment opportunity! See more information at HYIP Investments.
    The Best HYIP Rating_ The Fairest High Yield Investment Programs Monitoring Service;
    Work at house-make money online
    If you've been having a hard time keeping up with your bills, you feel like you want more money, or you feel you need to grab a hold of your life, then I recommend checking out E-Currency Investment.
    First,You need to have one liberty reserve or perfectmoney account
    If you don't have liberty reserve or perfectmoney account, please sign up a free account
    Second, you need fund your liberty reserve or perfectmoney account. We recommend some good e-currency exchange sites for you
    Last I got paid and made serious profit from following hyips
    Mountain Mining Investment Limited,
    Need fast cash? Get Cash from the fastmoney Trader Team,
    Earn 250%-900% Daily On Your Investment For 4 Days!,
    Delta Lloyd Invesments Fund,
    Perfect Lite,
    Team 5 Trade

    You can choose some sites make your first deposits and become rich fast
    mail to me if you made a deposit use my referral link.We will return 25% of your spend instant.100% guaranteed money back. Mail to US is an expert investment advisor and can help with investment services. Choose a Service: online investment, investment make money online, online investment advice,

    online stock investment, online investment service, trading investment online, online investment magazine, online investment broker, online investment services, online investment banking, online investment club, online investment

    company, business introduction, online investment opportunity, online investment calculator, online investment information, online investment bank