Tweet

Work at Home: Successful Secrets of the Wealthy

Guest post by: Jeff Casmer

Article Overview: A few years ago if you had said that the economy was in decline I would have panicked like everyone else but because I work at home I'm not crying in a corner wondering what I'm going to do.

Work at Home: Successful Secrets of the Wealthy

A few years ago if you had said that the economy was in decline I would have panicked like everyone else but because I work at home I'm not crying in a corner wondering what I'm going to do. Working at home offers many benefits. Of course you save money on gas since you don't have to get up for the morning commute; I also like to think I'm doing my share for the environment by working from home. You save on lunch and clothes and there are tax benefits if you work at home. But none of those are the cause of my sleeping easier at night.

When you work at home you suddenly become aware of more income generating opportunities. And among them are methods of creating residual income. These are when you work once but get paid over and over again. For example, if you wrote a book, each time you sold a copy you'd be earning a residual or passive income. It's when you get paid for what you did rather than what you do.

Majority of people look for linear income job opportunities because that's what we've been taught and are used to. You get up, go to your job, perform certain tasks through out the day and then get paid by your boss. Like many people who want to work at home, I decided to cut out my boss. I thought by being self employed I'll have a greater chance of getting financial freedom. But creating financial freedom online via linear income opportunities is a lot of work.

I'm not ashamed to admit that I'm a little lazy. I figure if I'm going to work at home, I don't want to work more than I did when I worked outside the home. Nor do I want to get myself in the same financial trap that my old job put me in.

Unfortunately, a number of work at home jobs do this, because they only offer a linear income. Sell an item, get paid, find some one else to sell the item to. Or do a task, get paid, do the task again, get paid. I'm not knocking these jobs. I'm teamed up with several legit work at home companies that offer these types of jobs but I wanted financial freedom and I knew I wasn't going to get by being a slave to the linear income mentality.

The best way to grow wealth is with passive income. Instead of selling an item once and getting paid, sell the item to the same person over and over again. For instance, if you sold a membership to a website all your subscribers would have to renew their subscription.

Therefore wherever you were, even if you were sleeping or sick you'd make money because each and every time a person bought or renewed their subscription you'd earn money.

Once I teamed up my linear and passive income making strategies, I was making a lot more money without doing any more work. I am no longer worried about my financial future. I'm not having an anxiety attack because I can't meet my bill payments and I no longer feel the way many people who work at home do, that is-scared that they may not have another customer for weeks.

Combining linear and passive income strategies is the best way to work at home; it's the best way to grow wealth.

Related Articles
  Secrets Of Wealthy Work From Home Entrepreneurs
  How Many Ways Are There To Make Money?
  7 Secrets of the Wealthy
  Keys to a Successful Home Business
  Success Isn't Magic
  Wealth Creation
  You Could Be One Of The "Wealthy"
  Creating a Successful Business
  Secrets of Internet Marketing Millionaires! ~WHAT 97% OF MARKETERS DON'T DO
  Master Wealth in Todays Economy
  No More Secrets
  4 Top Secrets To Successfully Starting A Home Business
  Searching For A Small Business Idea That Can Change Your Life?
  Tips on how to create wealth
  $250,000 Income Tax Threshold
  The Art of HAVING and ATTRACTING The Money You Want In Your Business
  The Art of Being Wealthy
  Get Paid on Results VS Paid on Time Invested
  Tips for Encouraging Your MLM Downline to Improve Performance
  6 Steps to Personal & Business Wealth

Article Tags: economy, work at home



Related Forum Posts
Books for Women Entrepreneurs - There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here. It doesn't matter how successful you are in your business - it's always possible to learn something new. In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment! 1. The Old Girl's Network 2. Mother's Work 3. The 7 Greatest Truths About Successful Women 4. Pitch Like A Girl 5. Workplace Warrior 6. Treasure Hunt: Inside the Mind of the Modern Consumer 7. Contingency Planning & Disaster Recovery 8. She Wins, You Win 9. Napoleon On Project Management 10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do 11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years 12. The One Minute Millionaire 13. Talking From 9 to 5 14. Soloing: Realizing Your Life's Ambitions 15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success 16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded 17. Fail-Proof Your Business: Beat the Odds and be Successful 18. Confidence: How Winning Streaks and Losing Streaks Begin and End 19. Women Don't Ask: Negotiation and the Gender Divide 20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen 21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business 22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker 23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business 24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises 25. Net Ready: Strategies for Success in the E-conomy 26. The Promotable Woman 27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it 28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home 29. Secrets of Six-Figure Women
Try wikipedia.com for more information - That depends what type of business you are involved in. Maybe if you share that, we can help you a little better. I work mostly in the Work at Home industry so my advice would only be along those lines.
Re: What's 1 word to describe what your business will be in 2012 - Successful.
Re: Trade Shows - Are They Worth It? - HI, I have used trade shows (not participated) to collect potential clients. For example, the Home & Garden Industry is extremely behind the time in regards to their websites. I attended an Home & Garden Expo in Denver and collected all the companies contact information. I plan on cold calling & mailing information to each business. It also gave me time to research the industry more, talk directly to the owners in many cases, and learn more about what they need. Jeff
Re: What's your top tip for balancing your business and taking t - Proper Work management meeting your all deadlines....


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

E Mail Marketing Campaigns

Build Corporate Credit for Your Small Business

Are You Listening?

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.