"Working 9 to 5, it's a way to make a living", Dolly Parton sang these words and are true - but is it the ONLY way to make a living. What would you do if you had passive income to support you - would you still be doing the job you are doing? Or would you be out with the family, travelling or buy that new house you dream of? Life is for living, so why not give it ago! What would you do if someone gave you 5 starting points to achieve this - would you consider aiming to live your life?
5 options to mull over and weigh up which will be your vehicle out of the rat race:
PROPERTY - Although the media tells us otherwise, now is actually a good time to buy property. Often the prices are cheaper and value will eventually rise (as it has after every other economic crisis). Make sure you do the research, talk to people who are also buying property now, and read up. A great book to read is "0 to 150 properties in 3.5 years" by Steve McKnight. These are many different ways to invest in property and this book covers a lot of them.
STOCKS - Ouch - you mean now, when it seems so volatile. All i can say to this is read the article "Buy American, I am" in New York Times, by Warren Buffet. One of THE most successful investors in the stock market and he is investing - he must know something. Again research, speak to other brokers and investors and find what is best for you! Right now could be your chance to shine in this area.
TURN YOUR IDEAS INTO A PROFITABLE BUSINESS - Can't find a business out there that suits you - why not start your own? Everything you can see around you, all started in someone's imagination first. Or maybe you see a business that could run ten times better, start that. Although it may be hard at first, if you truly are passionate about your business it won't seem like work. Another thing to consider is to actually make sure your business can run without you - therefore giving you the freedom you are striving for. The best book I know that can ensure you do this is called "The E-Myth" by Michael Gerber
FRANCHISES - If you feel that building your own business is too much of a risk, but still like the idea of having a business, Franchises are another great way to go! With proven systems that work and have proven profits, what more could you ask for. They often provide guidance and support through the whole way. One thing to keep in mind with franchises however is that you will need a substantial amount to invest with. Banks will probably lend you business loans for a franchise more so than an unproven business. Pick your franchise, check it aligns with your goals and also values & beliefs and you are on your way!
BUSINESS BASED FROM HOME OFFICE - A home based business is ideal for the stay at home parent looking to watch their children grow up. With the internet so useful and phone deals quite cheap, you can be at home - yet connected to customers around the globe! Home based businesses are often cheap to start up and can have the potential to make a lot of money. It is important to do your research as there are thousands out there, and some are illegal. Find the one that interests you and most importantly, has the potential to deliver the freedom and income you are looking for.
What now? As you read the above options, one may have stood out more to you than the others. Begin your "escaping the rat race" journey with that one. If it doesn't work out, don't be discouraged move to the next. You will learn more about what you do and don't like as you go, enjoy the triumphs and learn from the mistakes. If you stay committed, it won't be long before you are living the lifestyle of your dreams. - 15431
5 options to mull over and weigh up which will be your vehicle out of the rat race:
PROPERTY - Although the media tells us otherwise, now is actually a good time to buy property. Often the prices are cheaper and value will eventually rise (as it has after every other economic crisis). Make sure you do the research, talk to people who are also buying property now, and read up. A great book to read is "0 to 150 properties in 3.5 years" by Steve McKnight. These are many different ways to invest in property and this book covers a lot of them.
STOCKS - Ouch - you mean now, when it seems so volatile. All i can say to this is read the article "Buy American, I am" in New York Times, by Warren Buffet. One of THE most successful investors in the stock market and he is investing - he must know something. Again research, speak to other brokers and investors and find what is best for you! Right now could be your chance to shine in this area.
TURN YOUR IDEAS INTO A PROFITABLE BUSINESS - Can't find a business out there that suits you - why not start your own? Everything you can see around you, all started in someone's imagination first. Or maybe you see a business that could run ten times better, start that. Although it may be hard at first, if you truly are passionate about your business it won't seem like work. Another thing to consider is to actually make sure your business can run without you - therefore giving you the freedom you are striving for. The best book I know that can ensure you do this is called "The E-Myth" by Michael Gerber
FRANCHISES - If you feel that building your own business is too much of a risk, but still like the idea of having a business, Franchises are another great way to go! With proven systems that work and have proven profits, what more could you ask for. They often provide guidance and support through the whole way. One thing to keep in mind with franchises however is that you will need a substantial amount to invest with. Banks will probably lend you business loans for a franchise more so than an unproven business. Pick your franchise, check it aligns with your goals and also values & beliefs and you are on your way!
BUSINESS BASED FROM HOME OFFICE - A home based business is ideal for the stay at home parent looking to watch their children grow up. With the internet so useful and phone deals quite cheap, you can be at home - yet connected to customers around the globe! Home based businesses are often cheap to start up and can have the potential to make a lot of money. It is important to do your research as there are thousands out there, and some are illegal. Find the one that interests you and most importantly, has the potential to deliver the freedom and income you are looking for.
What now? As you read the above options, one may have stood out more to you than the others. Begin your "escaping the rat race" journey with that one. If it doesn't work out, don't be discouraged move to the next. You will learn more about what you do and don't like as you go, enjoy the triumphs and learn from the mistakes. If you stay committed, it won't be long before you are living the lifestyle of your dreams. - 15431
About the Author:
Hayley Weatherburn is a Life Coach who also has her own self-development home based business. Hayley enjoys helping others succeed in their lifestyle goals whether it through coaching or her opportunity for entrepreneurs.
