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This Type of Income Will Help You Retire…Early!

This Article MAY Change Your Life!

It’s a very short article with a very BIG meaning! And when you are finished reading this article, then I highly suggest listening to this brief audio below.  You will be amazed!
“Profits are better than wages. Wages will make you a living, profits make you a fortune. It’s difficult to get rich on wages, but anybody can get rich on profits” – Jim Rohn
QUESTION: How much do you get paid if you stop working? If you’re like most people, your answer is probably “nothing”. For every rich person, however, the answer is very different. A rich person is simply someone who has learned how to make money when they’re not working, when they’re on vacation, and even when they’re sleeping.

The rich have named this type of income “Residual Income”.

Residual income is money that keeps getting paid to you whether you work or not. You earn money no matter what you’re doing, because the money earns itself. It doesn’t depend on you. So if you had a residual income of $2000 a month, you could STILL get paid $2000 every month even if all you did was sit in a rocking chair and read the newspaper each and every day.

Rich people have learned how to earn money 24/7, and you can too.
The only residual income most people will ever earn is the measly interest on their savings account with their bank. Imagine what it would be like if your residual income was large enough for you to quit your job, or even quit working altogether…

TRADITIONAL INCOME:
The moment you arrive at a regular job you start getting paid, and your boss decides how much. Then when you leave at the end of the day you stop making money. It’s almost impossible to get rich this way because every penny you earn is completely dependent on you being at work, and you only have a limited number of hours each day. If you don’t turn up to work one day, you stop earning money. Why most people choose this as their main method of earning money is because they don’t know about all the alternatives available!

RESIDUAL INCOME:
The moment you wake up in the morning you start making money. In fact, you were earning overnight. You do some work during your day which adds to your residual income. You finish your work in the evening, but your income doesn’t stop growing. If you decide to take the day off, or go on vacation for a week, you don’t stop earning money. Can a boss or anyone else reach out and turn off your Residual Income? Not a chance!
You are in complete control, and nobody is allowed to say how much you are allowed to earn and when you can earn it.
You could be working on your Residual Income today! Every day it could grow a little bit more than the day before.
You can start earning as soon as you get started, and getting started is easier than you might think.
Don’t let ANYONE tell you how much you’re worth.

So, how do you earn Residual Income?  It’s really pretty simple, but most people don’t understand how simple.



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Building a Healthy Network

Connecting with other people does more for your business than you can possibly imagine. As a business owner you’ve likely already experienced what word of mouth can do for you. One happy customer recommends your services to a friend and voila! You have a new customer, or two. Now imagine multiplying that effect by 100.

Building a healthy network online and offline is a necessity and the “key” to success with any home business.  Don’t wait until you need a favor before developing relationships.  You really need to develop relationships first.  This comes from the book “Dig Your Well Before You’re Thirsty” by Harvey Mackay.    Here are five important tips I got from this book that I’d like to share with you.

  1. A network replaces the weak individual with the strength of a tribe.
  2. My network can expand your network.
  3. A network can provide new experiences and knowledge.
  4. Networking can help you help others.
  5. A network expands your financial reach infinitely.

Growing Your Network

First start with family, friends, co-workers.  Then move onto friends of family, extended family,  friends-friends and friends of your co-workers.  Start to expand your network by moving up, down and sideways.  You’ll be surprised how fast your connections grow.

Maintain Your Relationships

Maintaining is more important than building your network.  If you are not keeping their attention then you fall through the cracks.  Remember to be authentic.  Allow people to get to know you on a more personal level.  Share information about yourself that they can perhaps relate to.

Offer something of value and interest to your connections.  Be creative and think of topics of interest that your network would appreciate.

Learn more than their name.  Find out when their birthday is, where they went to college, who else they are connected with and any other special interests you may have in common.

Start and build relationships now and reap the benefits of loyal followers and customers later.  This works like a charm if you are consistent with your efforts and stay involve with your network.

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Reduce Stress by Managing Time Effectively

How many of you wake up in the morning with your home business to-do list in your head, only to go to bed all pissed off and super irritated because you couldn’t even complete one task for the day?  Or you have your list well thought out and have all intentions of completing most of it until your sister calls and needs you to desperately babysit her three kids… NOW.

Well, let me tell you this has happened to me over and over again (in the past) and I hated the     stressful feeling I got just thinking about my to-do list and how I didn’t get much done each         day.  Managing time effectively can be one of the most difficult tasks to battle when operating

your home business.  Having a list of tasks to do and not getting enough done throughout the day can end the day in much unnecessary stress and cause you to fail at growing the income you so desire if ONLY you can complete your to-do list!

Setting your priorities and sticking to them is a great step towards reducing your stress, but it won’t help much if you don’t have time to finish all the other menial tasks that are involved in running an at-home business. Items like staying organized, billing, filing, ordering ink for your printer, and a million other little things that pile up over time still need to be done.

Let’s look at six methods to help you keep better track of where your time goes, and keep on top of your schedule:

The Daily Dump.

That’s right!  Do your daily dump of writing all of your to-do’s on paper. Famous productivity expert David Allen, author of Get It Done, recommend getting your to-dos out of your brain and onto paper. I can attest that this method works!  When I’m feeling overwhelmed, I have found one of the greatest ways to de-stress is to sit down and write out everything I have to do that’s got my head spinning. Whether those are big projects, little five-minute tasks, or anything, it all goes down on paper as my brain is churning out the words. When I can actually see my thoughts on paper, I can start sorting and prioritizing (see Section 2 above).  I also find writing down my business to-do’s the night before will keep me well rested throughout the night with no overwhelming disturbances.  And I wake up in the morning with my cup of coffee and start prioritizing my list and end up feeling ready to go!  However, making the list and prioritizing is only the first step in getting it done.

Keep track of how long a task takes you.

It’s a common psychological trick we play on ourselves – we overestimate how long it takes to complete unpleasant tasks, and we underestimate how long we spend on pleasant items. Get real by writing down the actual time it takes you to do things like file papers, log receipts, and any other tedious task. Then you have a concrete estimate the next time you think, “Oh, that’s going to take all day!”

One fantastic idea I got from my business coach was to set a timer for 45 minutes or one hour when I want to complete or work on a specific business task up in my office.  This way when the buzzer would ring, I knew that it was time to stop that task and start working on another.  It definitely kept me on my toes with focusing on one particular task at a time without interruptions.

Minimize interruptions.

Turn off your email alert noise, put your phone ringer on mute, and clear your desktop before you jump into a task that requires concentration. Fewer interruptions and distractions allow you to get in that concentrating “sweet spot” where you’re humming along and working at a pleasant clip. That means you’ll get your work done faster and be less stressed. Constant interruptions ultimately result in needing to re-prioritize your day, over and over and over again. You can see how the stress you feel just keeps escalating without minimizing the interruptions each day.

Break down large projects.

Big projects – website overhauls, writing reports, planning marketing campaigns, creating a newsletter – can be very overwhelming. When faced with a large project, break it up into tasks you can complete in one sitting, preferably in under 20 minutes. That way, instead of looking for a free afternoon to tackle the project all at once (which you’ll never get!), you just need to squeeze in 20 minutes here and there until the project is completed. I don’t know anyone who can’t find 20 minutes, but ask an entrepreneur to block out 8 hours for a project, and you’ll receive in turn a stunned glare.

Take advantage of “lost” time.

Our days are full of five minute breaks between activities. We call these “dead” time. You may be sitting in car-line at your child’s school, or in line at the pharmacy, or even waiting for a pot of water to boil. There you are, simply waiting for something to happen. Keep a notebook with a running list of tasks that can be completed in 5 minutes or less. Schedule an appointment, call a friend to set up a lunch date, clean out your voice mail, file your nails – anything that you know you need to do but don’t get around to doing.

Now when you have “dead” time, glance down at your notebook with the list of 5 minute tasks and start at the top.  Work your way down the list every time you find yourself with a few free minutes. You’ll be amazed at how much you accomplish when you’re ready to go!

Focus on what makes you money and outsource the rest

Try not getting stuck with the “busy” work that takes up too much time.  Instead focus on getting work done that makes you money and outsource the rest.  For example, if you hate writing and you just can’t seem to get your article finished, then stop with wasting time on it and hire a ghost writer to write or edit for you.  Maybe you have no idea how to set up your ezine campaign for your newsletter each week. If so, then think about hiring someone to manage it for you.  Believe it or not, all successful home business owners hiring a team of people that they outsource their work to.  Even though it costs money to do so, you will be surprised how priceless it becomes when major tasks get completed efficiently, effectively and ultimately makes you money and relieves a lot of stress!

Comments are always appreciated.  Tell us what time effective strategies work best for you.

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