How Much Do You Need To Earn Per Hour To Achieve Your Yearly Financial Goals?

Have you ever asked yourself what your highest income producing activity is?

If you’re like most people you probably go about your day-to-day business never really thinking about moment to moment activities that consume your day.

I’d like to walk you through an exercise that has helped me and my clients really stay focused on earning their highest possible revenue per hour.

Let’s assume that we each start with 365 days in a year. If we take away following:

·Weekends- 104 days ·5 major USA holidays ·2 weeks of vacation ·Personal religious holidays – (average 3)

That leaves each one of us with approximately 238 days in order to earn income we desire. Of course we can add or delete days based on our own schedule and desires. If you multiply these 238 days times an average of 10 working hours per day, you are dealing with 2,380 hours of real work time for year. So let’s do some math. If your yearly income goals are as follows…

Too many people are trying to start their home businesses with an ordinary employee's way of thinking. This has become a common reason why not long after sitting down and giving it a fair look into even most lucrative business opportunity they bump into, they put it away and decide not to take any chances.

What has happened here is that most lucrative business opportunity has been looked into by an ordinary 9-to-5-worker, who appears NOT to be business-minded.

If you are like most people, you have probably considered starting your own business yourself. But above all, you have to understand that to make into a successful Business Entrepreneur, one has to change their way of thinking first.

1. DO NOT EXPECT FAST CASH! Besides gambling or winning a lottery, working as an employee is only way to get 'fast' cash... 'fast' as in 'in-25-working-days'. This kind of cash is always certain to come in as long as you work from 9 to 5 for your boss. But as you probably already know it, as soon as you stop, money stops. (See FinancialFreedomAwaits.com).

True entrepreneurship-minded people know that it takes time to develop an 'attack plan' for their businesses. It takes time to build a strong and solid business, which delivers ongoing income through many years.

True Business Entrepreneurs hold on to this truth, "We reap what we sow, but harvest is never in same season as planting."

Change your way of thinking: DO NOT EXPECT FAST CASH!

2. AIM FOR JOB SECURITY OR FINANCIAL SECURITY? Employees would rather have job-security. Why? Simple: income is secure. As long as you loyally work from 9 to 5, you will for certain get your cash! The problem with a typical job is that when you stop, money stops.

The stark fact is: one day you might get sick and won't be able to go back to work. Sooner or later you will retire. Companies get broke and have to release their employees. No matter what situation, as soon as you stop working, money will stop coming.

So much for secure income...!

A job with secure income is necessary for those who has not set up their own business yet. True. But a true Business Entrepreneur won't settle merely for job-security. He aims for much more, such as financial security. No, he won't have fast cash. And no, he won't have any secure income yet - at least not in beginning. And often, he won't have any income at all from his new business for first few months.

Business entrepreneurs think of big picture. What they do is building assets from which his money will come in month after month, year after year from work he is doing now! The money will not come now. It might not even come for next few months. But as soon as his business is up and running, it will keep generating income for him, even when he chooses to stop working!

And THAT is financial security!

Change your way of thinking: THINK OF THE BIG PICTURE: AIM FOR FINANCIAL SECURITY!

3. GENERATE PASSIVE INCOME Financial freedom is not measured by how much money you earn by working, but how much money comes in with only little or no work at all. This later kind of income is called passive income. This fact has been known for decades by real wealthy people.