Working For Yourself Can Be Worse Than A Job

Yes, you read that correctly. Having your own business can be worse than having your own job if it’s not the right type of business. If it depends upon you, then the business can wind up owning you instead of you owning your own business.

The key is the type of income. Most businesses create linear income which is where you get paid one unit of pay for one unit of effort. This can be a root canal, a brake job, a web site or an hours worth of work. If you don’t work, you don’t get paid and the most you can get paid is how many you can do in a day. It’s like running up a down escalator.

The type of income that will help you gain time freedom as well as money freedom is residual income. This is where the income continues to come in after the initial work is done. Some exampes would include an author receiving royalties form writing a book, an oil well and most network marketing opportunities.

With network marketing, you can work 2 to 5 years to develop a residual income stream that will enable you to ‘retire’ at any age.