Financial freedom — that elusive dream that we are all chasing after. This is the rat race we call life. We spend our entire lives working for other people with no knowledge of how to break free. I aim to help you find your financial freedom via passive income. Any Internet- based business is a great way to earn passive income because it is rewarding and convenient.
If given the option, which would you choose: make $500 once OR earn only $100 but receive this for every month for 20 years to life? Of course, you’d choose the latter right? Especially if you only work for it once. This is RESIDUAL INCOME. Even after his death, Elvis Presley “continues” to earn residual income because of royalties he worked for during his lifetime. He may be dead, but he actually has attained financial freedom.
It is logical to say that if you want to build your wealth, you will need to have residual income. Oftentimes, residual income is also called passive income—simply because you earn something without doing anything.
No one, and I mean NO ONE, can attain financial freedom just by working a 9-5 job. Most people have been conditioned to think that to earn, you will need to give your time and effort. And for most, there is only one way to achieve this. And that is to get a JOB—also known as Just Over Broke to some, just so you know.
The sad fact of life is that we work our butts off in school to get excellent grades. Then we go to college to get a good job after graduation. Once you do get that job, boo-hoo for you if that’s not even the job you like, you work even more to earn a living. If you want to earn more, then you will need to work even harder just to climb that ladder of success. And you can’t even stop because otherwise, you’d have no income. No way to pay for the bills, no way to feed yourself.
Hence, this rat race we are all trapped in. No way out, no financial freedom whatsoever.
Even though there are some who earn quite a lot, it is still not considered. To have true freedom, we must be able to do what we want with our money.
I’ve heard too many sad stories of “ rich employees” who miss out on a lot because of work. They’re not able to attend their kids’ recitals or soccer games, no time to visit sick relatives—simply because they cannot afford to leave work. Even doctors can’t take the time to go on vacations for fear of losing their patients while their clinics are closed.
So, can you really have passive income? Can I really attain financial freedom? Of course you can!
Even still at its infancy, more than 60 million people are logged on to the Internet. Every month, countless people are setting up shop online. With such a huge client base potential and relatively easy marketing and advertising strategies, the Internet is a gold mine. Here is a great opportunity to start taking your financial freedom.
New paradigms have been created by companies who are now tapping into the Internet world. Residual incomes have now become available to people from different backgrounds. You can now utilize multiple avenues in the Internet to earn money and make it a source of residual income.
But be on your guard. Just because you have a pot full of honey doesn’t mean you just dip your hand into it—beware of lingering bees. A lot of people are taking advantage of the Internet to scam people. Don’t be quick to believe everything you see or hear in the Internet. The first step to financial freedom is to also be wise and safe.
Fortunately, these are exceptions and rare cases. First you have to have confidence to use the services offered by “Internet Business Gurus”. If you have even just the tiniest of doubts, then move on. There are now reputable organizations like iCop™ and Better Internet Bureau™ who make it their business to be cops in the online world. They are committed to the enforcement of high business and ethical standards.
A lot of the time, technology can scare people away. If you’re not proficient in HTMLs, Javas, PHPs and ASPs, have no fear attaining financial freedom. There are now several ways in which you can start your online home- based business without having to be a whiz in programming. Programs such as AFFILIATE PROGRAMS handle everything for you—programming, web design, codes and site content. They also offer services in credit card authorizations, ordering, merchandise shipping, and customer assistance.
Also, one of the best things about having an online business is that it simplifies things. There are no inventories to worry about, no additional costs for staff pay, no merchant accounts, and no license and permit applications to go through.
You also have the option of setting up your websites for free. Visitors are enticed and automatically followed up with. Their names and e-mail addresses are also stored and you can even send them pre- written e-mails and newsletters if you wish. Financial freedom has never seemed so attainable, huh?
Like any venture, you need to strategize and put consistent effort in it. Here are a few tips to help you achieve it via Internet- based businesses.
Plan your way to financial freedom—and act on it!
Strategize. You have to have a short, mid- and long term goal to help you progress. Set a budget for yourself and be sure to stick to it. Be consistent and persistent—don’t be lax. Keep on checking and double- checking your progress so that you can correct any deviations from the plan early on.
Keep educating yourself by reading e-books and software programs. Build your contact list so you have a potential customer base. Be part of sites that promote something related to what you’re interested in.
Be organized and systematic enough to keep everything within quick and easy retrieval. This would save you a lot of time and frustrations, believe me. In addition, you can also have an HTML home page on your desktop that contains links to all important websites.
Concentrate. Keep your focus
As with anything in life, discipline is key. You cannot attain financial freedom without discipline.
Once you start working, you must keep your focus and not let any distractions get in the way. Remember that this is not just a hobby—give it its due importance. Stick to a schedule and let family and friends know about it. This way, they know when not to bother you. However, do not go overboard. Allot some time for the important people in your life as well.
There will be lots of offers and promises from other people on the web to help you improve your business. Do not be easily swayed. Find a strategy that works for you and stick to it.
For example, if you’re making use of articles to increase your site traffic and it’s paying off, then stick to this strategy. You can streamline other tactics while you stick to the one that works best for you. Be smart about these things on your way to financial freedom.
Failure is a lesson
Do not get discouraged with failures. Remember that to attain freedom, you will have to work for it. It will take you some time and lots of effort before you see the fruit of your labor—but it will come. Learn from your failures. View threats and problems as opportunities and you are well on your way to financial freedom.
Persevere with everything that you do. If you’re going to be working for someone, work for yourself. No one ever gained it by working all their life for others.