Do you to know how to Quit your job and not finish up on the street?
In short, you must fend off the self-employment trap. Treat it like a business, and create many passive income streams. This may not be as easy as it sounds.
Stop the Self-Employment Trap.
When I first started working for myself I loved it. I was in charge, I found the customers, did the work, sent the bills and banked the money. I did it all and I was busy, busy, busy. And then … things began to slip. I didn’t send the bills on time, so the money didn’t come in and some of my cheques bounced.
This is not a good situation to be in, it can ruin your whole day (or longer). Fortunately I was able to get the cash flow happening again and appease my creditors but it was a wake up call. I began exploring the alternatives but I discovered that I had set my business up wrong from the start and I was locked in.
Because I had set up the business incorrectly from the beginning there was nothing I could do. At that stage I knew I had only two choices, keep going as I was and make a good living but remain exhausted permanently until I retired or close the business down and explore alternatives to exchange the job for a self-employed job.
Ultimately that is what I had built, a job without benefits. In fact it was worse than a job because I couldn’t take a holiday, my customers needed me. I only made an income while I kept working and I was working 12-14 hour days 7 days a week. Take it from me – don’t do it.
Making Money on the Internet.
My search brought me to the Internet and online marketing. Seriously, this is just one of the ways of generating passive income but it is the most accessible one for most people. The reason for that is that the entry cost can be low and the profitability can be very high.
Like many other people who explore this most fascinating medium, I found the techniques difficult to learn and I have spent a lot of money attempting to learn the “secrets”. Actually, that’s not quite correct, I spent a lot of money trying to learn the “short cut secrets”.
After all, that is what the gurus keep trying to sell you “Who else wants to learn how to write headlines that practically force people to tear out their wallets and throw their money at you” and “Who else wants to learn how to flood your inbox with cash” etc. And do you know what? Yes you do because you’ve been there as well, their products stuff their inboxes with cash, their headlines force you to tear out your wallet and throw money at them but they don’t help you. Why is that?
Well it’s mostly because they get their books ‘ghost written’. Their sales letters are written by professional copywriters and they get all their guru buddies to send emails to the lists they built 7 years ago. So how do you (and I) get in on this gravy train?
I’m still working on it but I am prepared to share my experiences. Go look at my other blog for some beginnings.
Where to Start?
You could also start by having a look at my book The Easiest Way to Make Money Online. This book does actually have a good plan that’s are relevant to 2018 unlike so many that are offered these days. It actually describes how I am building this site and how you can build your own.
When you get this book, which is free by the way, you also get access to the members area of this website where I go into greater depth on the subject of the book and other aspects of money management from clearing debts, creating cash flow and increasing wealth via as many aspects of financial management as I can.
Oh, yeah. There are no “short cut secrets” or any “secrets” the whole process is actually very simple, no, not easy but really is simple. Straight forward steps which MUST be followed and tracked and tweaked and adjusted and monitored. No you won’t make $100,000 your first month. You might make $100 in your first month, and you might not but if you follow the process you will probably begin making money quickly.
Hey, good luck.