But do you have a secure income? If you depend on your job as your sole source of income, your income is not secure.
When you receive your paycheck for services rendered, you and your employer are even.
You don't owe them anything more and, more importantly, they don't owe you anything either.
So, you need to develop income streams outside of your job if you are to have a secure income.
Here's my suggested 5-year strategy:
- Starta blog and monetize it.
- Takethe income from the blog and build a website and monetize it.
- Takethe income from the website and put into a product or service brokeragebusiness.
- Putthe income from the service brokerage business into the currency markets.
To make this strategy work, you'll need to build your knowledge level in preparation for launching the next phase.
Don't begin the next phase, though, until you've gotten the previous phase to run on auto-pilot.
For example, devote a year to learning how to blog and to monetize the blog.
Once your blog is spinning off income and requires very little maintenance on your part, you can start educating yourself on building and monetizing the website.
Don't make the mistake of trying to do all of these at once.
Focus is the key, here.
Become a master of one thing and move on from there.
The other mistake most people make is not reinvesting their profits from their businesses.
All profit should go into education or tools for the next business.
The last mistake people make is quitting their full time job too soon.
Until you are making at least 3x your current wages in "residual income," keep sucking up to the boss! Contact me if you'd like to receive my recommendations on educational resources (most of which are free) to help you execute this strategy.