Hours & Dollars: Never Trade Hours For Dollars
From the time you are old enough to understand about earning money you are conditioned about how to achieve that goal. You are to work and give your hours to a business in exchange for a paycheck. This works if your goal in life is to make enough money to live on and continue to live from payday to payday. Those who have acquired wealth know that it should be done differently. Rather than spend that time working and exchanging hours for dollars evenly, your goal should be greater. You should strive to reach a point where you are working less and earning more. This is how people become rich.
The first thing you should realize is that your ultimate goal is money. Your goal is not to work excessive hours, but to acquire wealth. When you set that as your goal then your focus will change. Yes, in the beginning you will need to work a bit more. However, that should never be the goal you set out to achieve. Once you have established that acquiring wealth is what you are aiming for, you can focus your energy on how to do that. What may surprise you is that it does not necessarily entail more work.
Look at those who have become rich and note what they have in common. They began with a good idea, they worked to see that idea become profitable and then they were able to sit back while the money continued to come in. This is the key to becoming rich. You need to focus on what ideas you have that could produce a steady stream of income. However, you must know the difference in types of income and which type is what you want.
Your goal is a passive income stream. Passive income is that which continues to come in regardless of how much or little work you put in. These income streams do not build themselves. They start with an idea and then you have to put some effort into making it profitable. Once you have achieved this, you can sit back and enjoy your day while your income continues to build. If your goal is to become rich, this is the method that will get you there. Trading your time for money will only ensure that you survive until the next payday. It will only provide you the means to continue trading your time for money.
Rich people know that work is not the secret to success. Knowing what to do and doing it well will earn you far more than hours of labor. That does not mean that you will never work. Even the wealthiest people in the world have put in some time working. They simply know how to work it out so that the work pays off for many years and they can then simply earn their income. If you find the right idea and product, then you can easily get your system started and find yourself among the rich that you long to be.