Starting an effective money producing business (solid residual income stream) takes time. People often ask me what I do. I work from from home; I’m an entrepreneur. I start up small businesses and build residual streams of income. I have been an entrepreneur for many years. I recall one business that I had started only had a net income of $100 to $300 per month. This may not seem like much, but the business grew. Typically around year 2 or 3 you start seeing a lot progress. This particluar business was bringing in a net income of over $30,000 per month by the end of its 4th year when I sold it off.
Is this something that you can do? Absolutely. It takes time, perseverence, and discipline; that’s the reason why so many people decide not to start businesses or become wealthy. There is no easy way towards it. It is a lot of hard work, but it will eventually pay off.
I do not do any get rich quick schemes or MLM, as those are simply a waste of time and money. (Check out Jon M. Taylor’s The Truth about MLM). I may not be as rich as Bill Gates or Warren Buffet, but at least I know that I have multiple streams of income and my working hours are only a fraction of what a typical employee does.
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