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Learn About The Power of Passive Income!
Make Money Work For You ...
Looking for financial independence and creative ways to bring that about?
Then please heed this advice ...

Start saving some money before you stop being employed.
In other words:

Don't quit your day job!
(At least, not right away!)
The days of job security are gone!
But when you're an entrepreneur, the risk is all on you.
So you better have same savings!
It's a good idea to have about six months' worth of living expenses on hand.
Also, please be especially careful about health insurance!
(This can be a big expense!)

Have some clients already on board before you go out on your own!
You should be doing freelance work on the side long before you switch to it full time!
If you don't, it can take years to establish accounts that will pay you at a decent rate.
So, in the time leading up to the switch, make sure you learn all you can about your future online business and have clients and income sources lined up well before you quit!
It will be exciting being out on your own supporting yourself with multiple income sources, but - especially if you are married with children - you'd better know exactly what your expenses are - and whether you'll be able to meet them every month!
Working on your own takes planning and financial discipline.
So make sure you're ready for it!
You see, even if you're no longer on salary, you still have employers.
Execpt now, they're called clients, customers or perhaps publishers.
You also have commitments deadlines. (And if you don't meet them, you won't get paid!)
So although you're no longer having a boss looking over your shoulder and you're no longer trading your time for money, but the trade-off is:
You have to manage yourself very carefully!
You have to be your own boss now!

Earl Nightingale once said:
You can't manage time, you can only manage activities!
OK, we may stil call it "time management" - the point is:
The management of your activities should become a major priority.
Inside the Maverick Money Makers Club, Mack Michaels, the founder, suggests a sophisticated plan, but at the very least, please use some sort of time (or activities) management.
Here're what you could do:
Divide your day into three parts.

Start your morning by catching up on any projects on which you may have fallen behind on the previous day.
Sometimes things will come up preventing you from getting the work done intended.
That's just normal.
So do what's necessary the following day until you've caught up.
Sometimes it may be very litte, other times it may take most of your morning.

In any case, use the middle of day for staying on track with your various responsibilities.
If you have a website or blog, make sure you update it.

Finally, use the afternoon to look for new opportunities to market your business and to do some networking.

When you're first setting up your multiple income sources, there will be days when you will be working harder than before - but:
these will only be days - not years!
Keep your eye on the prize and the prize will come!
Welcome to the internet lifestyle! |
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