You go to work diligently every day, put in your eight hours, come home and have just enough time to eat and sit in front of the boob tube for a few hours before you have to go to bed and wake up to do it all over again.
Do you ever wish you could go back and tell your younger self to choose a different path? One that doesn’t require you work so much for such little reward and income?
Most people feel trapped by their jobs. Their only solace is that if they work hard enough in a year’s time their boss will notice and give them more money. The thing is in this economy raises are few and far between. Even those that do get raises aren’t getting much more than a few percent. How much of a raise did you get last year? 3 percent? 5 percent?
When you take into account that inflation eats up 3-4 percent of your income you can see you really aren’t earning very much more at all.
Not to mention you probably had to take on more work to get that raise.
This is why your current job sucks. You may make good money, but you’re constantly working. And if you stop working you lose that active income. This is why it’s extremely difficult for most folks to retire.
Sure you have savings though without an active income the bank balance just goes down each and every month. You can only hope that you’ve saved enough money to last you for the rest of your life. I don’t know about you but living in constant fear of outliving my money is not my idea of financial independence.
But what can you do? There are only two ways to make more money and gain financial independence at your current job.
1) Get a higher hourly rate
2) Work more hours
No one wants to work more. We all work enough hours as it is. We get just a few precious hours at the end of every day to relax and do what we want to do, instead of what we are told to do.
You can get a higher hourly rate, but like I said inflation takes away a sizeable chunk of that money every year.
This makes it nearly impossible to ever achieve true financial independence. Being financially independent to me means not having to rely on anyone or anything to pay my bills each and every month.
It’s not a dollar amount. Sure it’s nice to make a six figure salary or have a million dollars in the bank. Though that’s not my idea of financial independence either… I know plenty of six figure earners with plenty of debt to show for it.
So what’s the secret to achieving financial independence? To freeing yourself from feeling enslaved to your job? The best (and fastest) way I’ve found comes from developing recurring income streams that are not dependent on you or the hours you put into it.
What exactly is a recurring income stream and how do you develop it? Well it’s easier than you probably think. Let me explain…
First off let tell you a bit about recurring income and why it’s so awesome. Recurring income is also called residual or passive income. It’s different from earning a wage or salary in that you are not trading hours worked for dollars.
When you work for a paycheck there is a 1 to 1 ratio between the hours of work put in by you and the dollars you earn. No matter how much money you make, when you stop working, your income stops with it. The only way to earn more money is to earn a higher wage or work more hours, both of which have upper limits that can’t be overcome. This is even true for especially high income earners like lawyers and doctors. Sure they can make a lot of money, though if they stop working the money stops along with it.
Residual income isn’t restricted by any such limitations. Earnings from this type of work don’t stop when you do. It continues to generate itself even after the work has been completed.
This isn’t money for nothing. You do have to put in a few hours’ worth of work. What makes residual income a bigger bang for your buck is when you compare the amount of time you need to invest in order to generate an income. You’ll receive an income for work done once rather than continually working to receive an income.
Passive streams of income like what I just described have been how most of the wealthy elite in this country got rich. They put in a bit of work then continued to earn money down the road after the initial set-up. That’s why a lot of wealthy people own vast real estate holdings. They buy properties (the initial work) and then sit back and relax while earning income from monthly rent checks.
You could do that too if you have excellent credit and a spouse that is willing to let you risk several hundred thousand dollars on an investment. It may be a bit tricky convincing them (and yourself) to invest in a market that just lost 50 percent of its value and still hasn’t fully recovered though.
For those of you that still want to earn passive income and get rich without all the risk there are other options. Just in the last week we here and League of Power opened up a program for our members to develop just such an income. We’ve affectionately coined it The League of Power Wealth Alliance.
Essentially what you get is a 100 percent ready-made passive income stream. We set up a fully optimized, custom website for you and give you all of our programs and services for free, complete with sales copy and marketing tools. We also take care of all the customer support and order processing, you don’t have to set up merchant accounts or figure out how to accept payment online. We do ALL of that for you.
What do you get out of this deal?
You get a monthly royalty check and a passive income that will continue to grow. For every person you sign up we’ll give you a percentage of the profits we make off of them. Once a customer makes a purchase from us you’ll receive a check.
Now here is where our program blows everyone else’s out of the water.
Not only will you get a check from us once a customer buys from us, you’ll also get checks from us if they buy more from us down the line. Basically you’ll own that customer for life, we’ll continue to pay you on every purchase. It’s a win-win! You get money without having to do anything! That’s the true definition of a passive income. Now you can retire without worrying about outliving your money!
The best part is that the more people you sign up, the more money you’ll earn. Not only will you be receiving regular checks, but you can really grow the amount on each check I write to you. Who doesn’t like that!
I know this is a lot to take in at this point. Don’t worry if you have questions still.
If you still have questions after that I want you to call the League of Power office. I have set up a hotline for those interested in attaining true financial freedom. (321) 281-6646.
To Your Future and Mine!
Mark Patricks
