Wednesday, February 23, 2011
Some Progress
After some reading and researching I have discovered the first thing I need to do. That is to build enough multiple passive income streams to replace my income. I have discovered a few different was to implement this idea. I am learning how to make money with pay per click at the moment. It will take some time to build these revenue streams working a full time job, but I am committed to doing it. It is my first step to financial freedom. Once I have replaced my income, I have the time to search out business and investment opportunities to grow my wealth.
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you are quite a wise young man to invest in your own financial education! One word regarding "having a business", be prepared to go without a day off or income for two years. That is two years of no moneies from your endevour going anywhere but reinvested. And this goes fast! rent, labor, utilities, supplies, networks, advertising, associations AND then the cost of the business overhead, whatever it is..a widget is a widget, some just come as food, apparel, auto parts, labor, etc...We owned somewhat succesful coffeeshops. We had an angel investor, aka scam artist..there are snarls at every turn of a "start-up"..keep your eyes & ears OPEN!
ReplyDeleteDo what you love and it will never be work Tyler. Old adage but true, true true & keeep reading and dreaming..that's how it starts..with a dream!