Wednesday, December 31, 2008

Creating wealth with Automated Income Streams.

By Josh Dill

Building automated income streams is a fun way to create a lifestyle of wealth and time freedom, and you don't have to me a internet marketing genius to do it either!

Anyone who studies wealth or who is him/herself wealthy will tell you that trading your time for money is by far the worst way to achieve financial independence or wealth on any level.

There is little or no leverage at all when when it comes to trading time for money. The amount of money your earn is controlled by 2 things: 1) the hourly wage or salary you earn 2) the amount of time you spend on the job.

Here what creating automated income streams can provide for you. Say you have created just two automated income streams. Each month each income streams earns $2,000-$3,000 in profits. That's an average of $5,000/month. Now lets say you invest about 10 hrs of your time total each week, that only 40 hrs a month. Remember, automated income streams are set up to run on their own, for the most part. If you are spending more than 5 hours on an income stream is it really "automated"?

Now the true power in creating Automated Income Streams is not to allow you to sit on the coach and watch TV all day (I guess you could if your wanted to, but where's the fun in that?). The power in creating such leverage is to allow your self to spend time doing the things that inspire you and that you enjoy doing.

Now it not very likely that an Automated Income Stream is going to create world peace or save the world from global warming. Yours might, I'm not saying it can't happen. It's just not really the goal of an automated income stream. Although with the extra time and energy your just might start a business that does change the world.

With the countless number of affiliate opportunities combined with the power of the internet, you truly are only limited by the boundaries you set yourself. Creating an profitable income streams online doses take time and persistence but anyone with basic computer skills can succeed.

So many people remain satisfied (mainly because they simply have not searched out the options they have) working 40 plus hours each week. Trading their time for money. Little do they know they have so many options that would provide them a much happier and fulfilling life. Lucky we are not in that group. - 16036

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