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Most people who have attained financial freedom have other people working to generate income for them. Earning money by other people's effort is called leveraged income.
As hard as it may seem, to create leveraged income, you need to have your own business where other people work to generate income for you. Any business. Whether it is a traditional business, franchise, small business, internet based or home based.
Employees work to generate secure income. Business Entrepreneurs work to build assets with income streams which generates for him ongoing passive income (either residual or leverage income or both). In other words Business Entrepreneurs work to build himself -what I would call- a 'money-machine' which is designed to generate ongoing income.
Whereas
Employee can not stop working because otherwise he will lose his income, Business Entrepreneur will have money coming in constantly, even when he chooses not to work, simply because it is his assets that generate residual and leverage income for him.
Change your way of thinking: TAP INTO PASSIVE INCOME BY GENERATING RESIDUAL & LEVERAGED INCOME!
4. INVESTMENTS It is common for people who seek job security to hesitate to invest. The reason is understandable: for some of us risks of investing in a business are just too much to handle.
A true Business Entrepreneur understands that in order to build -what I would call- a 'money-machine', investments are necessary. There is just no such things as businesses without investments. He knows that it takes time and effort to develop a successful business. But he also knows that investing money is just as important!
Sometimes it takes Business Entrepreneur a year or two before he can finally reap big success. Sometimes even a bit more. It takes a couple of years of investing time, effort and money. But this is not too hard for him to handle. A true Entrepreneur thinks long term. He knows that in end, his working and money investing will finally pay off!
A Home Based Business Entrepreneur would only have to invest just 5-10 hours a week for a couple of years and he would only have to make low budget investments into his home based business. And at end of time of working and investing, our Entrepreneur would have turned it into a significant amount of residual income stream!
I'm not talking about money that comes in today and is gone tomorrow but income that keeps coming in month after month, year after year... money that -as Gery Carson has put it- "when you've left this planet continues to provide for your spouse, children, or grandchildren."
By then you would think that all your valuable time and money you have spent would be worth it.
Commonly an ordinary employee, who fears too much to invest, works hard to receive his pay check every month. Most likely he even retires broke. Before he knows it, he leaves planet with nothing to leave for his family.
A true Business Entrepreneur is prepared to invest. He knows by investing in his business he is building assets that would generate passive and residual income for him throughout his years on this planet and years of his grandchildren.
Change your way of thinking: THINK LONG TERM: START INVESTING!
Dinar P. Wiria-Atmadja is a home-business entrepreneur, living in Jakarta - INDONESIA, and the owner of http://www.financialfreedomawaits.com
