Let’s say you want to make $8,000 per year in extra income. Which is easier – to go out and make $161,291 so that you are left with $100,000 after taxes, which will generate $8,000 in dividends, interest, and capital gains each year thereafter or sell $26,000 worth of merchandise annually on eBay at a 50% profit margin (leaving you $8,000 after taxes)? I’m serious. It doesn’t matter what your educational background or the pedigree of your resume, it’s a whole lot easier to generate $26,000 in sales than it is to get a $161,291 bonus each year.
The world around you is full of opportunity. In fact, there are even certain types of businesses that thrive during economic recessions and depressions. The reality is that unless you generate more than you spend, you won’t have any funds to invest. You must have surplus dollars to put to work in cash generating assets. That’s why frugal school teachers often end up with millions of dollars more in wealth than doctors, lawyers, and bankers that make ten times more in a year than they ever did. You need to stop thinking in terms of a wage slave that depends on a paycheck. Think more like an entrepreneur.
