Work from Home
To work from home once would have seemed impossible for many of us but it is fast becoming a reality for people of all ages.
The internet has changed the way we can do business and make an income. People now have the ability to work from home and be there with their families. It gives us flexibility to work the hours we want to and do life at the same time.
If you have a young family it allows you to be able to pick kids up from school, go to sports days, be around when they are on school vacation; all things that elude many people who work a job.
You do not have to have young kids to make the decision to work from home. You may wish for more freedom in your life.
You may be a baby boomer like me who is close to traditional retirement age. Maybe your life savings and retirement fund suffered through the GFC. To work from home is a great solution if you are in this group of people.
To work from home does not necessarily mean working from the home you currently live in. The internet and many home businesses allow you to live anywhere as long as there is an internet connection. This means your travel time does not have to be restricted to vacation time or retirement.
There is a better way!
In his book “The 4-Hour Work Week” Timothy Ferris paints a picture of a new way of living. He promotes escaping the 9-5, living anywhere and joining the new rich. Timothy suggests we forget the old concept of retirement and saving for the future as there is no need to wait for the future. If you have not read The 4 – Hour Work Week I recommend it.
I loved the book and the whole concept of building a business while having a life.
There are countless things you can do to work from home. These include things like:
- Internet Marketing (selling stuff online)
- Affiliate Marketing (selling other peoples stuff online)
- Network Marketing – this can be on or offline or best still a combination of both methods
- Blogging (I know a couple of people who have travel blogs and get paid to travel the world)
- Selling on eBay
- Being a virtual assistant
- Writing books
- Graphic design
- Building websites/technical support
- Placing ads – yes there are several business models that pay you to place ads
- Property investor
- Mortgage brokers
- Bookkeeping – accounting
I am sure I have not even scratched the surface.
There are some things on this list where you trade your time for money. There are others where you can build a residual income and use leverage to build a substantial income. These are the opportunities you should be focusing on or at least including in what you do when your work from home.
Residual Income is income that continues to generate after the initial work has been done. Some examples of this are:
- An author of a book receives ongoing income for sales (royalties)
- A singer receives ongoing income for CDs sold
- Positively geared rental properties give you a residual income
- Investing in shares or other various investments can result in ongoing income
I have more about residual income in a video in a previous post if you want to check it out here The Importance of Residual Income
Leverage was defined by Robert Kiyosaki, author of Rich Dad Poor Dad, many years ago as “doing more with less”. Leverage is often referred to in financial terms where you borrow money. I am not talking about that here I am referring to building teams of people that give you leverage.
Network Marketing is one model that does give you both a residual income and leverage.
In my upcoming posts I will be discussing many of these ways you can work from home in more detail.
If you found this post of value please share it with your friends on social media. Please leave me a comment below. Do you already work from home? Do you want to work from home? If you feel inclined to share we would love to hear your experience.
Join the new way!
P.S. If You Don’t Have a Step-By-Step Blueprint For Generating More Leads, Check This Out (Unless You Already Have Too Many)