Want to be Wealthy?

Stop Swapping Your Time for Money

Many of us were taught to do well in school, get a great job, work hard, and you’ll eventually make a lot of money. This may be true, but there is a great limitation to working for someone else. Time. There are only so many hours in a week. No one can buy or create more.

Even doctors suffer from this limitation. The average physician makes a large salary, but there aren’t many that make a million dollars a year. Even a physician is swapping his time for money. He only gets paid while he’s seeing patients. He can’t see more than one at a time and he can’t see them while he’s asleep. The clock ultimately limits his income.

This is also true for consultants, dentists, lawyers, and CEOs.

If you want the opportunity to make a tremendous amount of money, it’s important to find ways to earn without your presence being necessary. Free yourself from the clock and your ability to earn is unlimited.

There Are Better Ways Than Swapping Time For Money:

  1. Get paid more than once for the same work. Think about artists, authors, and musicians. In their respective businesses, they’re able to get paid repeatedly for the same work.
    • An author can write a book and then sell a million copies over the next 10 years. During that time, she may have written 20 more books. What could be better than getting paid multiple times for the same work?
    • What are some other businesses that can utilize this same strategy?
  2. Do something that allows you to receive recurring payments. Leasing office space or other real estate to others keeps money coming in while you do other things. Building a website and leasing it is a similar strategy.
  3. Be an investor. The great thing about stocks, bonds, mutual funds, and similar investments is the ability to make money with little work on your part. You’re essentially making money while you sleep. You could also loan money to others.
  4. Outsource / arbitrage. Many people set up businesses and then outsource all the work. This is especially true online. For example, there are people that sell website building services. These same people then hire someone else at a reduced rate to do all the work.
    • Ghostwriters write many of the e-books sold on sites like Amazon.com. The listed author paid someone else to write the book. If you can successfully buy something for $X and sell it for $X+Y, you can potentially make money with little work.
    • Can you think of ways to make money from the work of others?
  5. Create passive income. A website that sells an affiliate product can make money while you sleep and is a form of passive income. It’s not difficult to build a website that makes a mere $5/day, but keep in mind that’s over $1,800/yr.
    • Make a list of other ways you can make money passively.

Time is limitation for all of us. So far, no one has lived forever. But time doesn’t have to limit your income. Doctors, lawyers, and CEOs are paid well, but you have even great financial potential if you can break free from swapping your time for money.

Uncertainty stops many people. If you write a book or create a website, you’re not guaranteed to make any money at all. If you go to your job, you can expect to get paid on a regular basis. Courage and persistence are required.

Get started today and build an income stream that isn’t dependent on your time or presence. You’ll enjoy getting paid while you’re not at work!

Reflections on the US National Debt. Will we do what it takes to shrink it?

by Dr. Jeffrey Lant

So, President Obama’s bipartisan deficit commission headed by former Wyoming Senator Alan K. Simpson (R) and former Clinton Chief of Staff Erskine B. Bowles (D) has issued its preliminary report.

It is a stark, sobering document.  It says, in glaringly specific ways, that we as a nation have blithely spent too much too long, unconcerned like Mad Magazine’s Alfred E. Newman: “What me worry/”

Well, we have partied and now wake up to a colossal headache of global  proportions.  Now what?

President Obama, understanding that Congress needs help with this hot potato,early on in his term issued an Executive Order on the matter. Per this order, a panel of 18 members was created; 12 are members of Congress. Six are private citizens of impeccable pedigree.  Fourteen of these commissioners must agree before the panel can send any recommendations to Congress, which they must do shortly.

What the commissioners recommend… so far

The commissioners were given a breath taking charge by the president: either recommend $4 trillion dollars in budget cuts and savings and/or raise that sum in tax revenues. Everything was on the table; nothing was sacrosanct and inviolable. In short, “deal with it, boys and girls, for the good of the nation!”

The commissioners, selected for a gravely serious purpose, took the matter seriously, and have produced a serious document… the more so since others both within the Congress and out continue to play “gotcha politics” on the matter. Not so the commissioners. They set about their vital work with a will that promises to be sadly lacking in a Congress which will ultimately decide on what to do. Here is the  heart of what they reported.

Item: deep cuts in domestic and military spending

Item: gradual 15-cents-per-gallon increase in the federal gasoline tax

Item: limiting or eliminating popular tax breaks (including the home mortgage deduction) in return for lower rates.

Item: benefit cuts and an increased retirement age for Social Security.

It is all sensible, logical, necessary and desirable. It is also DOA because only the commissioners have the will to make changes… and they don’t have the power to save a penny or increase tax revenues Thus, under the heading “Fools rush in where angels fear to trend”,  here are my thoughts and recommendations. Mr. and Mrs. America and all the ships at sea, take note.

1) We live in supremely selfish times where no one is willing to give up anything.

  • “Ask not what you can do for your country. Ask what your country can do for you.”
  • I start from the proposition that making the necessary changes to the budget will arouse the wrath of Americans nationwide, whatever Tea Party budget- balancing tenets they espouse. Everyone entering into this necessary budget shrinking debate should expect two certain things: up front high-blown patriotic rhetoric about sacrifices willingly made ; behind the scenes bare knuckle fighting of the crudest variety to protect the haves… no matter how grossly illogical and piggish their benefits.

2) Tackle Social Security first. It is the easiest to rehabilitate.

  • It is time someone told the American people, who treat tampering with Social Security as the third rail in politics (touch it and die), the truth. The entitled, immovable age of 65 is the cynical legacy of Europe’s most successful politician, Prince Otto von Bismarck.  He’s the man who engineered the unification of Germany. Looking for a way to undermine the burgeoning late 19th century Socialist movement (very strong in Germany) he asked actuaries to find a number where most men would be dead and only voteless women left. Pensions would begin then. Otto and his conservatives get the credit… but have to pay little! Actuaries said age 65 would do the trick… and so it has remained.
  • Since Bismarck’s day, however, there have been huge improvements in health and longevity, thereby making the number 65 less an “entitlement” than a fantastic gift from the government for many years, to the detriment of succeeding (and rightly concerned) generations who foot the bill.
  • Note: Congress should bite this bullet early and deep. Whereas the president’s commissioners want to raise the age by gradual stages to year 69, instead make the magic number go to 71 for those in reasonable health who can work. It’s the right thing.

3) Make each member of the Congress take a pledge to eschew “gotcha politics” on this matter.

  • In our brutally tit for blood-letting tat Congress to say A (like “you voted to slash military spending”) immediately fuels the opposition to return (B) a  blow of equal or greater intensity (like “you voted to gut all domestic spending programs”). This gets us no where and fuels national rage about “do nothing” congresses.
  • Members of Congress raise money to clobber each other. That’s what they do. They’ve been doing it since Minute 1 of the new republic. Now some aspiring statesman should, in the name of getting to yes with this budget imbroglio, say “basta!” and ask all members, on both sides of the aisle, to join him and appreciably move towards the solution we must have. Make working together politically attractive and a “must”; do this and the politically pusillanimous who constitute the core of the Congress will rush to embrace it.

4) Urge the president to spend his (admittedly diminished) political capital to solve this problem — even at the risk of losing a second term.

  • Americans love big men who focus on big things which benefit the nation in big ways. Let our now wounded president do this and secure a truly significant and majestic legacy.
  • President Obama could rise to the occasion and say, “The issue of securing a balanced, lean, fair budget and with it the sound future of the nation is so important, I intend to make it my Number 1 priority. It is crucial that America get this benefit, and if it costs me my second term, so be it. It is the right thing to do.” (P.S. Not only would this be statesmanship in the grand manner, but this wounded man would sail to a second term and a legacy of substance and real worth.)

5)  Explain to America what is at stake. Then sell it to the nation.

  • John F. Kennedy’s father, Joseph Kennedy, was a marketing man. He stayed behind the scenes, raised money and gave sharp, sensible advice. Before the crucial Wisconsin primary in 1960, he told his son Jack that they would sell him “like soap flakes.” They did… he romped in the primary…. and got a crucial boost on the road to the presidency.
  • President Obama et al need to do the same thing now. Hire the best marketing brains on earth… brainstorm every benefit. Then go out and sell it to the nation. This matter of  the budget is not the most difficult problem this country has ever faced; it’s entirely solvable. What is necessary is to enlighten Americans, enlist their support and show them what to do. Then lock the Congress in a room and tell them to cut deals until the deed is done. And because cutting deals is what they do best, in due course the thing will be done. Then spread the credit, take the White House photographs… and start the next spending spree. For that is the American way.


Harvard-educated Dr. Jeffrey Lant is CEO of Worldprofit, Inc., where small and home-based businesses learn how to profit online. _________________________________________

3 Simple Steps To Rapid Debt Reduction


With the Fiscal Cliff in the news so much lately, many of us are re-evaluating the way we think about, spend, and save money.  It is never too late to take control of your money or even to learn new and better ways of spending.  The first step for many of us involves finding a rapid debt reduction method to get out of debt as soon as possible.

By following one or more of these strategies listed below, you can achieve rapid debt reduction.  Just use this as an opportunity to make permanent changes to your financial outlook.  If you follow these steps and change your habits you can have the secure financial future that you dream about.

Here is a list of 3 simple steps to rapid debt reduction you can start using today so that you can be debt free for the rest of your life:

1) Bring more money into your household.  I know at first this may seem impossible but it’s not.  If you can’t just add a part time job you should consider cutting back on some daily expenses such as eating out or buying coffee everyday.  Use coupons or shop at cheaper stores.

  • Switch from brand name groceries to the store brands.  All of these things can help you free up some extra money.  If you apply that extra to your debt you can pay it down much more quickly than you will if you aren’t paying anything on the principle, which you aren’t if you are only making the minimum payments.
  • Another way to bring more money into your household it to sell things.  Anything you don’t want or need.  You can have a garage sale or sell it on Ebay. Again, this may not bring in a lot of extra money but every little bit of extra money you can apply to your debt will help you get it paid off more quickly.

2) Talk to the bank or credit card company.  Banks are really taking a hit these days with so many people defaulting on mortgages and credit cards.  They are more willing than ever to work with you.

  • They might agree to lower your interest rate which would mean that for the same amount of payments you would be applying some to your principle and not just your interest (which is what you’ll have to do in order to get your debt paid off quickly).

3) A debt consolidation loan.  This will allow you to get one loan that will cover all your debt.  That way you’ll have only one payment which will be lower than the 10 different payments you were making before.  For this to work, you will have to cut up the credit cards you just paid off. Otherwise, you may be tempted to start charging on them again.  If you do that you will be right back where you started.

If you follow the strategies listed above you can find yourself debt free very quickly, however there is something you need to keep in mind.  If you use one or more of these strategies to get out of debt you have to be disciplined enough to not use your credit cards anymore.

That is a vicious cycle many people find themselves in.  They pay off some debt and then turn right around and make frivolous purchases and are right back where they started from.  In order to live debt free you have to learn to live within your means and for many that is going to be the hardest part.


Living In A Cashless Society-Never See One Red Cent

There are probably plenty of people today that think the moves that are being made to a cashless society are good ones. They get their paycheck directly deposited into their bank account and then use their debit card to make purchases.

If they have truly set up their own little cashless society they probably pay their bills online as well. They never see one red cent, they never hold a dollar bill in their hands anymore and they do not even have a checkbook either.

Everything they do and buy is with that little plastic card they get from the bank.

I for one still like the idea of having some bills and coins in my pocket, it makes me feel more secure. That may sound silly but I work hard for my money and like to see some of it on occasion.

There is even a more advanced form of being able to make purchases on the rise today as well: Cell phones.

You have most likely seen the commercial of the guy sitting in his chair, then realizing he has to go to the bank he gets up and gets into his hat and coat only to realize once more that all he has to do is take a photo of both sides of his check and send the photo to the bank to make his deposit. Then he removes his hat and coat and sits back down.

I agree that this sounds like a neat idea but then I think, why has he not just set up direct deposit with the company he works for? Maybe this works for third party checks as well but they make the commercial seem like it is his weekly paycheck.

I guess that in this ever growing, ever changing digital world this is called progress.

Then there are all of those restaurant and retail store gift cards and re-loadable cash cards, too. Some of the cash cards are not re-loadable but the idea is still there. You can usually purchase one of these cards for one of three set denominations from $25 to $100.

They are put out by the two major credit card companies Visa and MasterCard and can be used just about anywhere and for anything. All that is required of the user is to register the card online or by phone to activate it. Much like activating a credit card.

If everyone has the ability to pay for things they want electronically, almost no one would need a credit card. Buying small things on credit could possibly become a thing of the past.

Major purchases like buying a house or a car would still require a person to have a good credit rating but maybe consumers would stop getting themselves in way over their heads if they found it easier to live within their means.

Having instant access to their bank balances and the ability to pay using their cell phone could make the idea of a cashless society a reality sooner than anyone thinks.


Jimmy L Hancock Jr is the Owner of http://ProfitDistrict.com. Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.
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Landing That New Job

Interview Tips For Landing That New Job

Are you looking for a new job or a new career?  If you are, your first step should be examining job listings.  When it comes to finding job listings, you have a number of different options.  For instance, you can use your local newspaper, the internet, or career counseling centers.  In a way, finding job listings is the easy part.  Actually getting the job that you want is the hard part. The next step is sending them your resume.

[You can find a great guide to writing an awesome resume here]

When it comes to landing a job that you applied for, your interview will play an important part in whether or not you are hired.  If you are able to get a job interview for one of the jobs that you applied for, you are advised to proceed with caution.  Your actions or your responses during an interview can either make or break you.  To increase your chances of landing your dream job, or at least the one that you applied for, you will want to continue reading on, as some helpful tips are outlined below.

When going to a job interview, it is important that you are properly dressed.  You would actually be surprised to learn how many job applicants show up to a job interview in unattractive, unprofessional attire.  Even if you are just applying for a job as a cashier at one of your local supermarkets, you are still advised to dress professionally for a job interview.  Depending on the job you are applying for, a dress or a business suit may be called for; however, a simple pair of black pants and a white shirt is much better than a pair of jeans.

You are also advised to bring a couple of copies of your resume to your job interview.  This is something that many job applicants do not think to do, but it is actually a wise move.  Yes, you may have already submitted your resume to the employer giving you the interview, but it is important to remember that they probably received hundreds, if not thousands, of resumes.  It is not unheard of for resumes to get lost or misplaced.  Bringing along an extra copy of your resume shows that you are responsible and likely to always be prepared.  In addition to brining an extra resume for the interviewer, it is also advised that you bring a copy for yourself.  This will make reviewing your work history and education easier, as everyone would be on the same page.

During the interview, you will be asked a number of different questions by the interviewer.  One of the most common questions asked is about your strengths and your weaknesses.  One of the biggest mistakes that a job applicant makes is stating that they don’t have any weaknesses.  Everyone has at least one weakness or something that they wish that they could chance about themselves.  You will want to be honest and admit this.  Of course, you don’t want to go overboard.  What you will want to do is try and make your weakness a strength as well.

 Ultimate Guide To Job Interview Answers

At the end of most interviews, most interviewers ask the interviewee, which would be you, if you have any questions. You are advised to ask questions.  In all honesty, even if you don’t have any questions to ask, you are advised to come up with some.  Many interviewers use the “do you have any questions,” as a ploy.  Many are turned off by interviewees who do not have any questions.  Some even associated it with not be interested in the job or the company.  Even if you ask about how the company got started or what the chances are for moving up the company ladder, you are advised to ask questions.  Of course, be careful with the questions that you do ask.  You don’t want to sound too pushy or overbearing.

At the end of your interview, it is extremely important that you shake the hand of your interviewer and thank them for the opportunity.  This is very important.  It is hard for some to imagine, but a simple thank you actually goes a long way nowadays, as it is hardly spoken anymore.  It is also advised that you send a thank you note the interviewer you met with.  This may not necessarily increase your chances of landing the job, but it will make you look professional.

By keeping the above mentioned tips in mind, you should be able to have a successful interview.  Interviews are the most important part of landing a new job.