May 16, 2009

Making Money While In Between Jobs

By Ina Hikmatullah

In difficult economic times, especially in a climate as tough as the one that exists today, any attempts to embark on a new financial endeavor can seem challenging. However, with the advent of the internet, there exists more avenues for income than ever before, such as residual income. Residual income refers to steady income that requires little to no maintenance, such as rent or royalties.

If you have the right mental attitude, then there is no wrong time to start out on a new journey. What you have to decide is whether or not you have the motivation to pursue a new goal. If you want to achieve the reality of making money, then you need to devise a clear cut plan that you can both see and believe in. It doesnt matter if you are attempting a new business opportunity or simply want to apply for a new job. To see extra money start rolling in, you must pursue residual income opportunities seriously and with a focus in mind.

There is NoTry

It can be difficult to work up the motivation for any new project, financial or otherwise. This is compounded if you are dealing with other factors, such as financial or personal troubles. Remember that the biggest obstacle that you will face is you. This has been a refrain of many of the most popular self help books and life coaches recently, but it is a valid point.

In fact, some of the most popular life coaches and self help books deal with this theory successfully. Consider the law of attraction, as promoted by "The Secret." According to this belief, if you want to have a desire realized, then you have to do more than just ask the universe for it " you must also believe that the desire will really come to pass. Philosophers throughout the ages have quoted similar ideas. To be successful, you must not only decide on what your goals are, but you must work to achieve them. If you go about it only halfheartedly, you will only see halfhearted results.

Motivation and Innovation

Many of those that seek the wisdom of sages are looking to achieve one main goal " the creation of residual income. If you are open to the consideration of new business opportunities, then the possibilities are endless. For instance, real estate investment is a proven method of earning residual income if you have enough startup cash and desire to get started in the market. Finding the perfect rental is not easy, as it requires time and money. But if you choose your investment wisely, you will be able to earn a steady monthly income.

Now if you do not have startup cash, real estate investing may not be the best option for you. However, you may find that you have a wealth of other assets, including your passions, knowledge, and experience. Think of any money making projects that you have put off, such as writing a book or looking into pay-per-click advertising or even marketing a new invention. Whatever you choose, put your heart into it to help you to achieve real residual income. If you have the energy and the desire to pursue new opportunities, then the world is limitless. In todays struggling economy, you need to be the one to put your ideas and skills together into a plan that will generate a constant stream of income for your future.

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