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March 12, 2008

Wage Earning Path to Financial Freedom

Filed under: Finacial Freedom, Income Steams, Instructional — Jan @ 11:23 am

Many of us need to earn money with wage earning jobs to have shelter, transportation, and food. If we do really well we even have money for recreational activities and to pursue our interests.

How do you get from wage earning to financial freedom (the freedom to choose how you spend your time and if/how you earn money)?

There are four simple steps. The journey may take years, but the sooner you get started the sooner you arrive.

  1. Wage Earning-income from making money for someone else
  2. Self-Employment-income from making money for yourself
  3. Passive Income-income from businesses that make money for you (with little or no time required from you)
  4. Investments-income from money making money

Going from step to step usually will more than one step at a time. The percentage of time devoted to each step should gradually have the higher number steps with the maximum time devoted to it.

For me, the first step consumes the most of my time. My first goal is to get to the point I have one wage earning job instead of two. That means I must excel in one of them to a degree I can earn sufficient income to meet basic needs and a little extra. While I work on that goal, I also work on my self-employment (income from photography, artwork, and writing) and my passive income (blogs and websites). I have some money invested through work retirement plans that is making money for me as well as being matched (free money!) by my employer. I just started buying Wal-Mart stock since Wal-Mart matches a percentage of my investment into stock.

Evaluate where you are, choose where you want to be, and get a plan of action to get there.

Basement Links

Filed under: Blogger, Blogging, Instructional — Jan @ 12:29 am

Bob Schmuck is showing me how to build links based on the design of a house. The links start in the basement and move upward in one direction. My basement is the database he is setting up for me (it is my Christmas present :)). Also in the basement will me a WP and blogger blog that has site reviews with lots of links of websites and blogs we need links to. In the future, I may charge $5 for others to post on it. On has an open topic and the other is health related reviews

I had a stagnant blog I started a year ago for that purpose where other internet entrepreneurs write posts with their links and I would do the same on theirs. It never got far. Only one person had a post. I was hacked into several times around then and became very discouraged as I lost a lot of work on several projects.

Bob said that Blogger was good for basement links, so I started a new Blogger blog. Blogger has changed a lot! It is SO easy to use and to customize. It is very easy and user friendly for Google products like AdSense. If you haven’t already, I removed the date so it only has the day of the week on the post so it won’t be so obvious there is limited posting or old posts.

If you choose a slide slow, be sure to preview EVERY picture that will be displayed to avoid offensive or non-relevant pictures. You can use your own photos if you use one of their featured photo services and add the user ID to have the photos show on the blog.