Friday, September 28, 2007

Another Friend of Mine

I have a friend who I admire so much, he is still at young age (not more than 35), but what make me admire him is his financial vision.

He worked as a marketing staff for a middle class company, paid in a good salary. What he get actually more than enough for his lifestyle. But after his office hours, he runs his own business.

Maybe you wonder what kind of business that gives so much time flexibility? Most of businesses have to be run on certain time with certain commitment. His business of course needs commitments; business is not a business unless you make it run.

Okay, back to his business, yes, he runs an internet marketing business. He owns websites and blogs. His internet marketing business gives him passive income, while he only lives from his salary.

He invests the profit of his business back on the internet marketing. When I ask why he doesn’t invest on financial products, well he said that he prefer to invest it on a business he knows so well (he has more than 10 years experiences in internet marketing, he learn and practicing internet marketing since he was in college).

As a financial products self learner, of course I advise him to put some of his income on mutual funds, stocks, and others. But maybe later he will be interested on that.

Well, my friends, it always good to have multi stream of income. Not only you can shop more, but the most important thing is that you could be retired rich sooner. Don’t you want to retire in a satisfactorily financial condition? Or you prefer to decrease your lifestyle on your retirement days?

Internet marketing is a good business. You don’t need to quit your job to run it. You don’t need lots of capital to start it. Actually in this business what that is important is your commitments and your own will. There will be lots of difficulties (just like another business) but sure you can pass it if you try, it’s only needs time. Business is a process.

I will give you a picture to imagine. By having websites or blogs that sell something, actually you could earn passive income. Why? Because even when you sleep at night; your computer doesn’t sleep at all. It still makes money for you. Imagine if you have 10 or 100 websites and blogs, doesn’t it like you have 10 or 100 stores? And these stores are open 24 hours a day, 365 days a year. Wouldn’t it sound good?

Maybe you can try
Domain Parking Program or Google Adsense, or become an affiliate somehow. It’s so many options on the internet; just use your search engine.