Less Work Options

If you want more money – what are your options?
Find a more highly paid job, work a 2nd job or if you already have your own business, expand it or start another one? Except for the first option, the others use up more of your time or incur risks.  These defeat the primary objective!  We want to increase our disposable income without big risks.

Spend more time on you passions , hobbies or with your family and friends – how can you do this?
You need more free time (the working less bit) but without sacrificing your disposable income?

If you already work long hours on your own business or as overtime for an employer, then you need to find a way to enhance your income which allows you to reduce your current hours.  You need to work smarter, more money per hour, per month, per year.

Here are a couple of thought provoking questions:
Currently, do you eagerly start each days work because you enjoy it, or because of the money you get for doing it?
Have you ever thought about this situation?

If you find a a way to get paid more per month without increasing the hours spent, then you are on the right track to solving both of the questions.  There are many ways to do this. To explore this further, I would recommend reading “Rich Dad, Poor Dad” by Robert Kiyosaki.  To keep things simple, I will skip over 2 options that are not the easiest or available to the majority. These are amassing a large enough sum of money to live off the interest, either through building and selling a super succesful business or investing very wisely over a number of years.

The option we are interested in is royalty type income.  What is this?  Well keeping it simple, it means doing the work once and getting paid many times over afterwards, for a long time.  One well known way is to write some successful songs, books or films that allow you to enjpy royalty based income.  Unfortunately these options are not viable for many people.  What else is there that utilises the same principle?  You will be glad to know that there are plenty of business models that use these principles and you just need to find one that suits you.