Now, before I begin I must start with saying that this post isn’t for everyone. There are a lot of people that love having a job. They enjoy the fact that they go to work, they do their time, get paid and then leave at the end of the day. If that is you, then that is fine, but what I’m about to say is quit your job and never work for someone else again. Now is the time to make money online! Let’s get into it!
I worked for a number of years for a large accounting and finance company. This was a great experience but I knew it wasn’t for me for the long term and I was getting burnt out. Like most salaried jobs, even with over time you don’t get paid extra, but as it was a large company, overtime was expected and demanded from you. While I was young I could sustain this but after starting a family I didn’t want my work to control me, so I started to look around for other alternatives, hence writing this blog.
The main issue that I had with working for other people is that, regardless of how much I worked I still got paid the same amount. I also realised that if i did not work then I didn’t get paid. This is something that people struggle to understand sometimes. Why would one expect to get paid when they aren’t working? Isn’t that basically demanding income for no work? I could see that i had a problem. I wanted to continue to ‘work’ while I was at home relaxing. I wanted to continue earning an income while I was sleeping. I saw my bosses. They would come in late, have long lunches and then take extra weeks of vacation. I knew that every extra hour of work I put in, they could take off, and they were still getting paid for not being at work.
Some would argue that they might deserve this, that they have worked their way up the corporate ladder, and can now enjoy the fruits of their labor. I totally agree. The difference is, I didn’t want to wait another 20 years to receive the same benefit. The benefit of income while not being at work.
When I studied at university, I took some personal financial management classes and it was obvious that to have financial freedom you had to establish a passive income. A system that would continue to provide an income on an ongoing basis. This is typically done through financial instrument structures such as shares, managed funds or rental properties.
So with this experience, I knew that to achieve my personal goals of financial freedom and live the life that I wanted to, I would need to setup systems that generate income 24 hours of the day, 365 days of the year. These systems can be anything from creating a product that you sell on the web, to a creative work that earns you royalties from each sale. The key is that the system needs to provide value to people and generate an income for you.
Remember, this step is not for the faint hearted. It does take some initial investment in time and some finances. You need to define your income generating system, design it and then implement. The main thing is that you don’t need to reinvent the wheel, you can use systems that are already working and simply modify them to your own needs. Also there are plenty of products that you can sell for others, including affiliate programs. Just remember, that after you get going, it is easy to maintain and soon you will be working much less hours than you ever did.
Of course, you could just ignore all of this, and keep working those long hours, especially if you enjoy it. Feel free to continue. I would however rather have a few extra days a week to pursue my other interests such as spending time with family, traveling, extra study purely for interest sake, photography and volunteer programs in my community. I was soon earning a few hundred dollars a month and that has simply continued to grow as my systems have become more established and I continue to add content. If you can earn $10 a month, you can easily take that up to $1000 a month, then $5000 a month. It may take 2 years, but once its in place, you can expect to earn a steady income for the future.
Another thing that I hated about working for someone was that I could not easily negotiate an increase in my salary. Why should I have to wait 12 months before my next pay rise? I know the business is doing extra well, why I can’t get the benefit now? Well, when you work for yourself, you basically contribute directly to how much of an increase you have. When you work for yourself, you control how much you want to get paid. At the end of the day you need to do what is right, but having experienced the freedom of working for myself I wouldn’t want to go back.
I’m now enjoying working from home, sharing my experience, knowledge and expertise and enjoying a large income via my make money online principles, processes and websites. If I can do it, so can you!
