Do you have a business or job mentality?
What choices in life do you have if you are in a job?
If you are in the corporate world, you are working for someone else options, opportunities or freedom.
If your income is based on time, then your income is limited.
If your income is from a job, then you have a job mentality.
Job mentality is the result of the education system. The entire education system does not teach you anything about making money. All it does is to prepare you to go out to look for a job. As a result, most people can’t see income in different forms. They can’t see how they can create additional incomes if they have a full time job. People who are finding jobs have no leverage because they are stuck in an old economy idea of working hard. And working hard for money will not make you rich. Your job will not take care of you when you are sick either.
To be financially secure, we need more than one source of incomes. Learn to see income in different forms. Multiple sources of income can be created in the form of rentals, royalties or hobbies.
So stop thinking like a worker, start thinking like a business owner. That’s the value of thinking in the new economy.
Active vs Passive Income
Can your current paycheck set you free?
If you are to stop working or retire today, how long can you survive without working or without money?
These questions have been pondering through my mind many years back while I was then an employee.
After reading books like Rich Dad Poor Dad and Why We Want You To Be Rich. It make pure sense that we should start building passive income, aka permanent or royalty incomes. Take for an example of owning or inheriting a fully paid up house. When you rented it out, you are earning rental income whether you are working or not. That’s passive or ongoing income and it is making money work for you.
So if you are an employee or a self-employed, you are earning what we called “active income” which is temporary. When you quit, retire or something happen to you, the income also stop flowing in.
And when we grow old, who is going to feed and take care of us, our children or the government?
There are couple ways to earn passive incomes. One of it is to be a microstock photographer. You do the work once and it can generate money for you over and over again … provided the images can sell.
So if you are a photography enthusiast, start making money with your camera now.
Below are the links to the sign up pages of some of the top microstock agencies. If you use the links below, you will be affiliated with me. Browse through it, who knows you might have what it takes to be a microstocker.
istock
Shutterstock
fotolia
Dreamstime
CanStock
Crestock
BigStock
123RF
Contact me if you need guidance. Good luck!
