Monday, November 3, 2008

Escaping the Rat Race - 5 ways to make money to quit your job!

By Hayley Weatherburn

Life is for living right? So why is 90% of the world stuck working 40 - 60 hours a week, in a job they can bare - just to be living pay check to pay check not making enough money? It doesn't seem fair that we are given restrictions on when we can see our families, when and how much time we can have on holiday or be restricted to a pay rate that suits the company in making money - not so we can enjoy life!

Here are 5 options for you to consider - helping you out of the rat race and making money to be a catalyst to your freedom

PROPERTY - Yes, I can hear you say - property NOW? In this economy! To be honest, yes property is a great one. Do the research, look in the papers, talk to real estate agents, and your bank. There are many ways of making money in property - a fantastic book to read is "0 to 150 properties in 3.5 years" by Steve McKnight. It shows you many different ways in an easy to read format! Follow this and you will be on your way!

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.

START YOUR OWN BUSINESS OPPORTUNITY - Everything you see around you - the objects, the businesses and the relationships - began as a thought in someone's mind. What gem is in your head that could bring you freedom and wealth? The best thing to do is start writing down your ideas, when something sticks -research it's possibilities, the competition and so on. Ask people for their thoughts and ideas, it will evolve as you evolve. A brilliant book that will make sure you create a business that works for you, rather than you work in the business - "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 FROM HOME - With the internet so readily available anywhere, it is easy for certain business to run from home. If you want to be home for kids, want to be your own boss and earn what you put in, a home based business is one of the best options. There are thousands out there, so it is important to do your research, as the one that looks too good to be true may often be illegal. Find a home based business that interests you, check that it will give you the freedom you are looking for and also the income. A lot of home based businesses are quite cheap to start, so great if you don't have much to begin with.

So, which one? Read each of the titles again. Ask yourself - which one feels right, or sounds good to me? Pick that one to start with. You may find gold the first time, but don't be discouraged if you don't - I definitely didn't and I tried practically all of them before I found my vehicle to freedom. Learn from the mistakes, and reward your successes - enjoy the journey and it won't be long until your lifestyle of choice will be a reality. - 15485

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