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By Carol Biondo
Achieving real financial freedom and even creating true wealth is not an impossible dream. However, there are a few things you need to know about creating wealth that most people don't know:
1. YOU MUST BE YOUR OWN BOSS and build a business that generates income with or without you - not just create a JOB for yourself.
2. YOU NEED TO LEVERAGE YOUR TIME - involve others in your business to increase productivity and derive income from the efforts of a lot of people...not just your own.
3. YOU NEED TO POSITION YOURSELF IN FRONT OF MASSIVE TRENDS and huge expanding markets.
4. YOU NEED TO CREATE RESIDUAL INCOME - You will never be free/free of the need to work for money, unless you receive residual income - income that continues long after you have finished your work.
5. YOU NEED TO MAKE QUICK DECISIONS, to act on the right opportunities, and immediately TAKE ACTION when you find the right one, like successful entrepreneurs do.
"You must be in business for yourself. You'll never get rich working for someone else." J. Paul Getty, self-made billionaire.
An October 2006 Census Report showed that 49% of all U.S. businesses are home-based. People like the independence, the flexibility, the huge tax advantages, and there is no ceiling when you work for yourself. The numbers speak for themselves! * Average annual income of an employee in the USA is $26,000. - Entrepreneur Magazine * Average income of a successful home-based business in the USA is $50,250 a year - Entrepreneur Magazine * 20% of home entrepreneurs reported that their businesses grossed between $100,000 and $500,000 last year. * The TAX ADVANTAGES enjoyed by home-based business operators are nothing short of incredible. Deduct your vacations, medical expenses, entertainment, even your children's college tuition and more!
The financial advantages of having a home-based business are so HUGE that even if you just want to earn supplementary income, it literally makes no economic sense for you not to have a business of some kind.
WHAT KIND OF INCOME DO YOU WANT TO EARN? Most people don't think about fact that there are basically two types of income - TEMPORARY (You work...you get paid). But in order to create financial and personal FREEDOM, you need to create a RECURRING or RESIDUAL income that you receive whether you're actually working or not. * Are you employed? If you don't go to work, will you still get paid? * Are you a doctor or attorney? If you don't see your patients or clients, will you still get paid for your services? * If you're in commission sales, will you still earn your commissions if you don't make any sales? * If you're a sole proprietor, do you still get paid if you're not there to do business? * If you provide personal services, do you get paid if you don't perform your job?
If you answered YES to any of these questions, then you're earning TEMPORARY INCOME. It doesn't matter if you sling burgers at McDonalds or are a doctor, lawyer, consultant or CEO...the reality is that you can never really accumulate wealth AND enjoy true lifestyle if you have to continue to work to receive your income. And since there is always a limit to the amount of hours you can or are willing to work, there will always be a limit to the amount of income you can earn.
RECURRING or RESIDUAL INCOME is the only kind of income that can truly set you free. A Turnkey Internet Business of your own CAN help you make the transition from TEMPORARY income to RECURRING income so that you can earn even if you're not working, accumulate wealth, and have the quality time to enjoy your success...IF you have what it takes to be an entrepreneur, and you're willing to work hard to build the foundation for a residual income.
Are You An Entrepreneur? You are looking for a way to make more money, be your own boss, and/or change the course of your life... But are you an entrepreneur? * Entrepreneurs have a vision to make money, and to be the master of their own lives. * The true entrepreneur builds a turnkey business and a system that can be replicated. * Entrepreneurs recognize and pursue opportunity without regard to the resources they control (money or time). * Entrepreneurs find ways to acquire the resources they need to achieve their goals and are willing to work hard. * Entrepreneurs are willing to take risks, and have confidence that they can succeed. * And entrepreneurs have the flexibility to change course as necessary, and the will to rebound from setbacks.
Many people say they'd love to start a business, but then tell us they don't have enough money or time to get started. Neither did many of history's greatest entrepreneurs, like Michael Dell, who started his computer company in his college dorm room or Lillian Vernon, who started her mail-order business to earn extra income from her kitchen table. These successful entrepreneurs didn't start rich and successful. They took calculated risks and ended rich and successful.
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