Some people are rich and others are poor.
Most of us have enough to eat but only few people make enough money to become independently wealthy.
It seems that we have to make a decision: we can risk everything and start our own business or we can go with the flow and get a lousy 9-5 job.
Well, needless to say most people go for option B. They have a family to feed and they don’t want to end up homeless…
That’s perfectly understandable – but have you ever considered becoming independently wealthy (even faster than you can imagine) without risking your job, your home and your entire life?
If not, no problem. Read on to learn the secret of becoming wealthy. I will show you how average-income employees can add to their cash flow by doing what they already love to do!
When it comes to money our world seems to be unbalanced, even unfair. Some people can hardly afford to pay their mortgage while others could buy a new house every day if they wanted to.
Many hard-working people literally freak out about the income of famous athletes, musicians or actors: “How can they have so much money for doing so little work?”
Today, in our modern society, working hard is not longer a synonym for being wealthy. Working hard doesn’t pay off as often as it should. Perhaps you’re one of these people who work ten or more hours per day but still don’t earn enough money to feel secure.
There is a simple reason for this “imbalance”. People who become rich usually take risks in order to serve as many people as possible. Yes, that’s right! While it seems that Bill Gates (entrepreneur), Steve Nash (basketball professional) and Rihanna (musician) don’t “work” at all they still earn tons of money (literally). That’s because they make millions of people happy, each and every day.
Entertainment is what people want in their lives. They don’t want their lives to be boring. Most people are not aware of their creative powers so they rely on others who unleash their own creative powers to please them.
Bill Gates helped spreading the personal computer so that we can communicate more efficiently. Steve Nash is one of the smallest players in the NBA but he’s a master of three point throws making the croud scream and cheer. Rihanna creates music that millions of people like to listen to. Without Rihanna their world would be less colorful. Rihanna, Steve Nash and Bill Gates share their creativity with those who think they can’t be creative. The “uncreative” pay them money for creating stuff. It’s that simple.
Working hard can pay off. But working hard without people noticing won’t. Working hard for your boss won’t lead to success. Your boss needs you right there where you can barely move. Not because he’s evil but because he needs people to take action. It takes only one great idea to invent the personal computer but it takes thousands of hands to put the parts together…
Since this is pretty tough stuff, let’s look into the following examples to make clear what you can do to become independently wealthy without risking everything.
John has a small family, a beloved wife and two daughters. His salary is not very high and he knows that sending his children to college will be hard if he doesn’t improve his cash flow. His wife sells and re-sells stuff on Ebay but it’s still not enough. His hobbies are writing and he played a few roles in the local theatre. He likes being on stage and “living” his role.
What could John do? He’s a teacher, so he knows how to teach. Remember: making money means making people happy. A teacher is in a difficult position since most of his students don’t like him because, well, he is a teacher. John has a hard time making these kids happy. It’s an uphill battle – fortunately it’s not necessary to fight, after all.
Here’s what John could do to improve his cash flow: he could set up a Youtube channel and show others how to write. Writing is pretty popular nowadays, so there is definitely a market. His wife knows a lot of tricks about online business because she’s gained valuable experience over the last few years.
In addition to the Youtube channel (which would quickly attract people who want to become writers as well) John could create a blog. No, not about writing. He should create a blog about teaching. There are thousands of teachers who would like to make some extra cash. John can teach them how to do exactly that by writing down his entire journey.
Online advertising, Youtube partnerships and perhaps even his own product (a book about his new “career”) will add to his income.
Christina lives alone with her son who decided to become a rockstar. She does earn enough money to buy food and pay for their flat but she’s having a hard time explaining to her son that a new guitar is not an option. He has to get a second-hand guitar and while this is not a real problem, the fact that she simply cannot afford something “better” makes her sad. She works in a small diner and is known for being very funny and extraordinary creative when it comes to developing new recipes.
What could Christina do to improve her cash flow? She’s a funny person and people love funny guys and gals. Perhaps she could try to put a foot into the comedy business? She could also utilize Youtube to get her face (and humor) seen. Her son could help her with that as he is probably very good with computers and new technology.
Another viable option for Christina would be the creation of a recipe book which can be published via Amazon for free.
Many people I know love the food that is served at small dining restaurants. I do as well. There’s a market for that and Christina could easily tap into that very market.
And imagine how great it would be if Christina combined her ability to make people laugh with her ability to creative tasty recipes? The outcome would be a totally hilarious book which could attract thousands and thousands of readers.
And if writing is nothing for her she could create a comedy channel on Youtube focusing on “creative cooking”.
Alexander always dreamed of becoming a martial arts professional but he ended up being a policeman with a small salary. He has got a lot of hobbies, such as cycling, running, bodybuilding and – of course – Karate. He could make some progress in his job but he knows that becoming a detective will take many years…
How could Alexander make some extra cash? Easy. He could talk to all the fitness studio owners in his area and make a simple deal: once per week he can use one of the rooms to teach a small class of ten people effecient self defense. He doesn’t have to label it “Karate” but mentioning that he’s a policeman will help to build credibility and trust.
The fitness studio owners get a 30% cut of what he earns. He can multiply his income if he makes several deals with several studios. Do the math: $20 per hour, ten people, three times per week makes $600 per week. Minus 30% it’s still $400 per week or $1600 per month.
If Alexander is good he will teach on five days of the week (still one hour per day) and make a whopping $2800 per month. It’s time to quit the grueling day job :-)
As you can see, setting up additional streams of income is a question of creativity. Making some extra cash doesn’t necessarily involve risks. All the above examples are realistic. If you’re in a similiar position you could start making a plan today. Let me show you how to start.
1. Clear your mind and focus
The jobs mentioned above are not bad but regarding the possible cash flow they are very limited. It doesn’t matter how good you are as a teacher – you won’t earn more than other teachers who don’t give a damn about teaching.
Realize that any nine-to-five is some kind of dead end. You can make a career inside the specific branch but you will hardly overcome the boundaries which would enable you to earn more money. A teacher is a teacher is a teacher.
But, on the other hand, being a teacher, a waitress or a policeman is great so that you can feel safe. You can live from these jobs. But you can’t make big steps with this kind of salary.
2. Think outside the box
In order to earn more money and become independently wealthy you have to think outside the box. If you want to make money you will have to make somebody happy. The more people you make happy the more money you’ll earn from them.
So it’s obvious that you have to aim for bigger audiences (or higher per-hour payments which is much more complicated).
What do you love? Certainly you have some kind of hobby which you could turn into money. What do you do best? Is it martial arts? Is it cooking? Is it writing?
Which of your unique abilities do you want to share with people around the world who lack this very ability of yours?
3. Write down your plan
If it’s the first time that you think of becoming independent from your day job you’ll need to write down EVERYTHING in the process.
Plan your success. Talk to your friends about your idea. Involve other people who might be able to help you get what you want.
Do research. Is there a market for your idea? (I’m sure there is. It’s pretty hard nowadays to come up with ideas which you cannot turn into gold.)
Plan your success and do it step by step. Don’t rush it. You don’t particularly need the extra cash so you can calm down and be patient. You already have some kind of safety – relax!
Be sure to mold your idea in a way that enables you to act upon it in your (rare) spare time! Start with a small project and see how far it’ll get you.
4. Act upon your plan
Don’t exaggerate the planning. You can start within a week if you already have some kind of idea.
It’s really that simple. In order to become independently wealthy you have to start thinking independently. You have to start acting independently. Don’t wait for others (your boss, your spouse, your parents) to approve your ideas. Act upon them, regardless of what they think of it.
Filed under: Money