Warning: Frequent visits to this website and
internalizing the materials presented here may just
transform your life..............do not bother to continue
reading on if you are currently extremely happy with the
results of your life.
i have both great news and not so pleasant news for you. First,
the great news.... Everyone of us is and can be a great
money making machine. The not so good news is that, most of
us are great money making machines for other people but not
for ourselves.
Money is probably one of the most important subject in life
that we should definitely spend sufficient time learning and
doing research on. Unfortunately, our present education
system does not really prepare us well in this area. Our
education system is more geared towards preparing us for the
job market. Due to this conditioning or programming since
young, most people have eventually and "systematically"
ended up working for others. We ultimately find it very
difficult to move away from the security that a job provides
due to the mounting commitment that we have accumulated eg
car loans, house loans, credit card debts etc. While working
for others in a job provides the security of having regular
paychecks coming in to pay your bills, it rarely builds true
wealth.
In this website, we will discuss some of the money making
vehicles that we can make use of to accumulate wealth. The
reason why some of these money making vehicles can generate
more money on their own is because they are classified as
passive income and not active income.
Passive and Active Incomes
Passive incomes are money that are generated without your
active involvement. Examples of passive income sources are
interest generated from your fixed deposit or savings
account in your bank, rental income from your properties,
websites that generate income from advertisers even without
your further involvement, income from your network marketing
business that you are no longer actively involved in,
dividends from stocks, royalties from songs or books that
you have written earlier and many more.
Active incomes are different from passive incomes in the sense
that you need to personally get involved and trade your
personal time for the income. Examples of active income
earners are people who work for others in a job,
entrepreneurs who run their own businesses, professionals
like doctors, lawyers, engineers, teachers and many others.
We are not implying that working for others is not a good way
to accumulate wealth. If you are truly happy with what you
are doing and are good at it, this could very well be the
right path for you to take. Working for others is a great
way to start off your wealth creation plan in your early
life when you do not have much knowledge, experience,
skills, contacts or even ideas to make money. Trading your
time for money may not be a great option in the long run as
time is an irreplaceable resource.
Once you have accumulated some working experience, capital,
knowledge, skills and experience you may want to consider
adding an additional income stream into your life using the
money making vehicles outlined on the left of this page
maybe on a part-time basis. Once these money making machines
start to slowly grow, you may want to consider spending more
time on them to continue building them until they reach the
breakaway point where the income may grow on their own.
The materials presented in this website is meant to shake off
some of the old beliefs or conditioning as well as to
prepare you on your journey towards true wealth creation.
The mission of this website is to transform you from a great
money making machine for others into the Ultimate
Money Making Machine for your own self.
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Money Making Resources |
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Money Making Articles |
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Success Formula |
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