The Four Steps to Building Wealth (You Can Do It With a Home Based Business)
Are you tired of working hard to barely meet the bills? Has this economy has knocked the wind out of your sails? Would you like to make more money? Do you have dreams, but don’t know how to make them come true? Do you dare to dream of becoming wealthy? Have you wondered how the wealthy people made their money?Let’s look at what wealth people do. What do Trump, Buffet, and Kiyosaki do? More importantly, how can you do it too? (Yes, you can do it from home and even in a down economy!)1) Create multiple streams of income. Earn money from several sources, not just one.Many people in the past have worked a regular job and invested in the stock market or real estate. Do you still trust the stock market? How about Real Estate? It was good while it lasted, wasn’t it?What are the alternatives now? What would you do if your job disappeared? The home based business model works fantastically well in a down economy. At a time when many corporations are downsizing, Home Businesses are growing. With record levels of unemployment and job uncertainty for those still employed, the number of home businesses and start-ups continues to increase. Home Business Magazine estimates that 50% of the households in the United States will be involved in a home-based business!The Internet has made working an online business from the comfort of your home very attractive. How does one create multiple streams of income working an online business? Many folks work an online business part-time while still working at a full-time job. In addition, you could diversify into several products and several niches on the Internet. Even more ideally, you could find one very desirable product that offers several ways of promoting and multiple streams of income.2) Earn money on other people’s efforts, not just your own. Leverage your time and income for maximum earnings potential.The best way to leverage your time and income is to mentor or supervise others to help them succeed. You could accomplish that by being an owner or upper level manager in a traditional brick and mortar business. Owning a traditional brick and mortar business often costs thousands of dollars. Becoming upper level management could take years of dedicated service. We can’t all be chiefs, some Indians are needed.Alternatively, network marketing offers the opportunity to be an individual business owner, assisting other individual business owners achieve success. Residual Income is created by mentoring other people achieve success in their own Home Based Business.3) Create and collect assets. Accumulate things that have real value rather than just more stuff and more debt.Have you ever driven through a lower middle class neighborhood and noticed run down houses, unkempt lawns with a boat and a new, stylish car in the driveway. That’s the stuff that debt is made of. Please don’t misunderstand, I love boating! My dream car is a BMW. But, let’s build the wealth first and then those things can be a symbol of our success.How does one create and collect assets? You could invent something, create a unique product or work of art, or you could collect something that has intrinsic value, such as gold and silver.4) Take advantage of market opportunities before everyone else does. Position themselves in front of coming trends.The beautiful thing about following the coming trends is that the possibilities are enormous. Pick an area of interest. Focus on something you love. Now research the current market and the coming trends. Take money, for instance, the object of many people’s affections. What is the current market and coming trend? I’m noticing a consistent trend of dollar down and gold and silver UP. That could be a great thing to focus on, if you’re so inclined.There are more opportunities to make money today than during peak economic times. Nothing happens until you take action. Right NOW is the time.
