Millions of successful entrepreneurs and network marketers started their business during their spare time. How often have you heard, “I’d like to, but I just don’t have the time”?
There are 168 hours in every week. Where does the time go? Let’s take a look:
You can either spend those 30 hours of ‘spare time’ on entertainment or use them to pursue your dream.
What separates the wealthy from the masses?
• The masses spend their “spare time” on entertainment.• The wealthy spent most of their “spare time” building a business.
This is the great divide between the haves and the have-nots.
According to studies, the average person now spends over 5 hours a day on entertainment. Entertainment doesn’t always have to be television, it can be scrolling through Facebook on your smart phone, binge watching multiple episodes of a show on a tablet, watching sports, playing videos games, etc.
That’s not to say you shouldn’t enjoy any entertainment, but do so in moderation. Entertainment shouldn’t eat up nearly a third of your waking hours each day.
Don’t do that.
How much is the “entertainment habit” costing you? $10,000 a year? $100,000 a year? A million a year? More? What if kicking the entertainment habit could make you wealthy?
Fact is, if you want to be wealthy, you’ll probably have to start a part-time business. You don’t have to quit your job right away; in fact, you probably shouldn’t. One of the best ways to minimize your risk is to keep your full-time job while you start building your business during your “spare time.”
As Jim Rohn would often say, “Work full-time on your job and part-time on your fortune because profits lead to fortune.”
Then you can say, “Right now I’m working part-time on my fortune and full-time on my job, but it won’t be long until I’ll be working full-time on my fortune. Can you imagine what life is going to be like?”
Eventually you’ll say, “My part-time business did so well that I was able to quit my full-time job. Now I can use those extra hours to build my business bigger.”
If your business creates a passive income, it can help you to ‘buy back your time.’
Passive income (also referred to as residual income), is an income received on a regular basis, with little effort required to maintain it.
Intellectual property income like royalties from a book, an album or licensing a patent; interest income; property income; or income from a business that no longer requires much direct involvement; these are all examples of passive income.
Many people are now realizing that a network marketing business can be started in their ‘spare-time’ and, if built properly, can produce a great passive income for them.
What does ‘buy back your time’ mean? It means the weekly passive income created from your business more than covers the income you were earning by working for someone else. The passive income literally ‘buys back’ all those job hours for you. Since your business earns you a passive income, you no longer need to trade your time for money.
Most people say they have ‘no time’ to pursue their dreams. Yet, most people spend about 5 hours a day of their ‘free time’ on entertainment.
Some people use that ‘free time’ to start a part-time business. Eventually, when their business allows them to quit their job, their 40 ‘job time’ hours become 40 ‘business-building’ hours. And over time, by leveraging their business into a residual income, they replace their ‘business-building’ hours with an extra 40 ‘free-time’ hours! Combined with their existing 30 ‘free-time’ hours, they now have a total of 70 ‘freedom-time’ hours every week!
Freedom Time: When you have both the time and the money to live your dream life.
With a passive-income business, your 168 hours every week could look like this:
We all have the same 24 hours each day. Beyoncé, Richard Branson, Oprah, Elon Musk, along with every successful entrepreneur and Network Marketer all have the same 24 hours each day. It’s your choice how you spend your “spare time.” Choose wisely. #NoExcuses