April 1, 2008
3 Ways To Boost Your Income
In This Issue:
Feature: "3 Ways To Boost Your Income"
Quick Tips: "Ready, Aim, Fire...or Ready, Fire, Aim?"
Fast Facts: "Who Are The World's Biggest Givers?"
* FEATURE ARTICLE *
“3 Ways To Boost Your Income”
There are various ways to boost your income. Here are three:
1. Ask for a raise or, if you own your own business, increase your prices.
2. Invest in higher-return investments.
3. Start a business from home.
Each of these sounds pretty straightforward... but isn't as easy
as it sounds. But although there are no guarantees... with
the right approach, persistence and patience, each option may just
bring about the extra income you want.
When it comes to asking for a raise (assuming you work for
someone else) I recommend you take stock of how much value you've
delivered to your employer and then make a case for why a raise
is warranted.
Similarly, if you're in your own business, it's a good idea to
be sure that you've been delivering so much value to your clients
that they will accept a price rise.
In relation to investing in higher-return investments,
I suggest that you thoroughly educate yourself about investing
before you pour your money into anything in particular. The
U.S. property market downturn and the stock market volatility in
many places around the world are a timely reminder that investing
carries risks.
I actually created a 12 month home study course that aims to empower
you with a comprehensive education about investing, as well as
teaching you the specifics of investing in property, the stock
market, futures and options, and small businesses. You can learn
more about it here:
==> Investment Success Formula
For many people, starting a business from home is a particularly
good option. Not only can it be a way to boost your income... but it
can also lead to you replacing your income from a job or "off-line"
business. All while doing something you love, and enjoying the freedom
and flexibility of working at home.
There are also numerous kinds of businesses you can start from home,
including many based on the Internet. These range from offering
services (e.g. freelance services like writing and software
programming), to selling stuff on ebay, to running an online
store, to buying and selling/parking domain names, to selling
information products.
Now, running a business is not for everyone. And running a business
from home is not for everyone either. There are pros and cons. As
a business owner, you will have certain costs and responsibilities
- and you will take on certain risks - that you won't experience as
an employee.
Equally, running a business from home can be challenging if you are
likely to go "stir crazy" without the discipline and social
interaction of a work place. Having said that, just because you are
home based, doesn't mean you need to physically work at home. If
you are a consultant you may find yourself working at other
companies' premises a lot of the time.
If you're interested in staring a business from home, I recommend my
ebook, The Work At Home Bible. The Work At Home Bible is a relatively
quick read that will help you work out whether working at home
is right for you, as well as which kind of home based business might
be best. For more information click here:
==> The Work At Home Bible
So... should you choose 1, 2 and 3 in order to boost your income?
Well, why not all three?
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* HIGHLY RECOMMENDED *
“Resources To Help Boost Your Income”
1. Discover how to become your own best financial advisor and
implement a sound strategy for increasing your income, and building
wealth and financial security:
==> Investment Success Formula
2. Discover not only whether working at home is right for you
but which kind of work at home business will suit you best:
==> The Work At Home Bible
* QUICK TIPS *
“Ready, Aim, Fire...or Ready, Fire, Aim?”
Some people advocate a "ready, aim, fire" approach to taking on new projects like starting a business.
The idea is that by thoroughly researching an opportunity and being sufficiently prepared for every contingency, you'll avoid making serious mistakes.
Others say that such an approach can lead to "analysis
paralysis" and can inhibit you from actually taking action. We
probably all know of people who talk about how they're going
to do this and that... or spend months researching, researching
and researching... and end up doing nothing!
Ideally, you're the kind of person who just does enough
research necessary to take action (including the action of
deciding not to do something). But I've found that many people
fall into either extreme - they tend to either dive in head
first (without looking for rocks!)... or get so busy
preparing... that they never actually do anything.
So, in order to find that happy medium between doing enough
preparation and taking action, perhaps it's best to acknowledge
what your natural tendency is and then... do the opposite!
If you tend to jump into things without thinking... hold back
and do more research. If you tend to end up in analysis
paralysis... make an effort to "just do it".
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* HIGHLY RECOMMENDED *
“Need Original, Custom-Written Articles For Your Marketing?”
If you're involved in article marketing - but don't have the time to write loads of articles - take a look at the top-notch article writing services offered by Blue Sea Articles.
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==> Order Original, Custom-Written Articles
* FAST FACTS *
“Who Are The World's Biggest Givers?”
Defined in purely monetary terms, the world's richest and second-
richest men, Warren Buffett and Bill Gates respectively, may well
be the world's biggest givers.
In 2006 Warren Buffet pledged to progressively donate 85% of his
fortune to the Bill and Melinda Gates Foundation. With a fortune
estimated at US $62 billion as at February 11, 2008, that's quite
a donation!
Meanwhile, the foundation itself was established in 2000 by Bill
and Melinda Gates to enhance healthcare, reduce extreme poverty and
improve educational opportunities, especially in third world nations.
The Gates' began the foundation with an endowment of $126 million.
As at December 31, 2007 its endowment is $38.7 billion.
(Sources: Forbes.com, Wikipedia.org, GatesFoundation.org)
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