Millionaires created passive income by running own business
Most of our parent has taught us:” study hard and get a good job!”, and very rare to heard that:” study hard and run your own business!”.We were programed indirectly to choose to create active income instead of passive income.Even our education system is created to produce more poor because they never taught us how to become rich by being in business.
Millionaire choose to run their own business, but the poor prefer to get paid on time.Robert Kiyosaki has mentioned in his cash flow quadrant very clearly,most of the millionaires are in the left quadrant, that’s B (business owner) quadrant and I (investor) quadrant.
Millionaires know the law of leverage.They understand that working alone or get paid on time will never make them rich.So they use money to “buy” other’s time in order to multiply their time,at the same time – multiply their wealth.According to the McDonald’s Corporation website (as of January 30, 2007), McDonald’s has, “More than 30,000 local restaurants serving nearly 50 million people in more than 119 countries each day.McDonald is one of the most fast growing franchises business in the world.
Of course, maybe some of us do not have enough budget to own a McDonald franchise’s l.Is it a reason to stop you from creating passive income? No! We can start our business by joining network marketing company.With a few bucks we can become a distributor and start immediately with their existing products and marketing plan.Nevertheless, selling is one of the world’s highest-paid profession but some of us do not like to sell face to face.so how? If you ask for it, here is the solution!
Online business- one of the world most profitable business. According to Yahoo news recently, a 17 years old teen become millionaire online in less than 3 years by creating and giving away MySpace background and receives pay checks from the advertisers.You can start your own online business right now, as long as you have a computer with internet access.
There is no excuses that we do not have any opportunities to become a millionaire. Before we starting any businesses, we need to equip ourself with some knowledge especially the money management skill.If you can manage your money wisely,you will see the wealth start flowing into your life. Business is one of the most leverage tool to create wealth.