When your outgo exceeds your income, the upshot may be your downfall.
-Paul Harvey
Not Financial Advise
This is not financial advise by any means. This is just my experience. Today, it is easy to create an income that you don’t have to work for! creating income just requires a plan, execution of the plan, and discipline to stick with this process until your goal comes into fruition.
Today I’m going to give a brief intro into what income means to me. Also how this will help me on my debt journey. I will end with tying that meaning into how the free market. I feel income is a tool that everyone possesses. In the free market, it can allow you to change your life and make your dreams come true. So what is income?
What is Income?
So what does income mean? To me it means the ability to take care of yourself and your family It means exchanging your time or products for currency. Income is what your receive for your labor, effort, investments, or other sources of cashflow. Income is reaping what we sow.
I added income to my debt elimination strategy because the fastest way to eliminate existing debt, is to maximize your income! I have since realized that this is the part of the strategy that will require the most effort, but also bring the most reward.
how to create income: It is important that I share with you the steps and mindset it takes for me to maximize my income. These are not things I would expect anyone else to do, but they work for me. I am presently focused on my day job, and investment strategies. I like my job, and its is a good exchange of my time. My investment strategy is about maximizing my time, and using more then just the work day for income potential.
Free Markets Win
The Freer a market is the more flexibility each of us as individuals has to create an income opportunity for ourselves. It is really exciting to live in a day and age where you can make a difference in your free time, just with a few clicks! Free markets have allowed so many to change the world as we know it, and has led to the biggest prosperity boom history has ever seen!
I am excited to begin focusing on this part of my strategy. I cant wait to grow with some of you reading this! Income is a beautiful thing, and again you reap what you sow in this field for sure! I will discuss my goals the next round, and lay out more of a concreate plan to help grasp where my head is at! Thanks for reading.
