THERE ARE THREE INCOME EARNNG STRATEGIES

Trading time for money – By far the worst of the three income earning strategies, it is employed by approximately 96% of our population – doctors, lawyers, accountants, laborers, etc.

There is an inherent problem with this strategy – saturation. You run out of time. If a person accumulates any degree of wealth employing this strategy, it will be at the expense of a life. They compromise on the car they drive, the house they live in, the clothes they choose and the vacations they take. They rarely, if ever, get what they want.

Investing money to earn money – This strategy is used by approximately 3% of the population.
The number is small for the obvious reason – very few people have any money to invest. Many
people who effectively employ this strategy follow the advice of a trusted, knowledgeable
advisor.

Leveraging yourself to earn money – This is where you multiply your time through the efforts of others by setting up Multiple Sources of Income (MSI). This is, without question, the very best way to increase your income. Make a decision to have many sources of income; it’s the
strategy that wealthy people have used dating clear back to the ancient Babylonians. Unfortunately, this strategy is only used by approximately 1% of our population, yet that 1% earns approximately 96% of all the money that is earned! You are only a decision away from membership.

Once you determine how much money you want to earn, write it down on a sheet of paper in
large figures. Look at the number with the dollar sign beside it and tell yourself over and over
again:

THAT AMOUNT OF MONEY IS AN EFFECT.
IT REPRESENTS A REWARD THAT I WANT TO RECEIVE.
WHAT SERVICE CAN I RENDER THAT WOULD BE
DESERVING OF THAT REWARD?

You can take the total figure and divide it into multiple parts. Each part would represent a source of income. Each source of income represents a separate reward that you would receive for a service you would render.

Work on one source of income at a time; each one can become an exciting part of your life. What
you are actually doing is thinking of different ways you can be of service to others.

1.Think of how you can do whatever you do – more effectively.
2.Think of how you can improve the quality and quantity of service you render.
3.Think of how you can help people in a greater way.

Money is the ultimate servant. The more you earn, the more you can help others.