Friday, December 26, 2008

Automated Income Streams and what they can do for you.

By Josh Dill

Developing automated income streams is a key to creating an abundant lifestyle, and it's easier than you think too!

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.

When you trade your time for money there is very little if any leverage at all. Your income is governed by two variables: one your hourly wage or salary and two the amount of time you work each week. As you can see there is not a lot of options here!

Here's a great example of leverage at it's best. Let's say you have just two automated income streams. On an average month they each earn you 2-3 thousand and you invest 5 hours of your time in a week on each income stream. You are earning an average of $5 thousand a month and only working 40 hours each month. Now that's something to run upstairs and yell down about!

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.

It's not likely that your Automated Income Streams are going to create world peace. The goal of an AIS is not to change the wold, but to change your life style. Although with the extra time and energy you now have you just might start a business that will 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.

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