Thursday, October 30, 2008

Read these 3 things before deciding on your Money Making Venture!

By Hayley Weatherburn

Especially in these times with the economy looking as it is - people are searching for that opportunity that will give them financial freedom and security in the future. There are quite a few money making options out there including property, stocks, business, home based business and many more. Before going ahead with your chosen 'vehicle', keep in mind the following 3 points:

1. Be Passionate about your financial freedom vehicle, whatever it may be. No one will make money on a long term basis doing something you hate! I learnt this very quickly. My friends told me about the stock market, and tried to teach me - I even forced myself to study it, but the more I pushed myself the more I hated it. I could have been stubborn and ignored my own likes - just in order to make money, but this is not sustainable. The number one key in finding a vehicle that will make you money in the long term, you have to have a vested interest or passion about it. Be proud of your property investing or home based business.

So in summary - do I like what I would be doing, am I interested in it and could I fall in love with the opportunity? These are all essential for a long term opportunity to last.

2. Proof in the Pudding! That's right, has your business opportunity, property investing scheme or stock market system been proven? IS their research to prove that it works, statistics - or even professionals that you respect have used / done it and it has worked? If not - do your own research and investigations. Otherwise you could be wasting your money and time on made up figures. It is a good idea to ask a successful person in the industry about what they think. The successful ones will be happy to help you out, and will give good advice!

Research, investigation and evidence will prevent you from wasting any of your precious time, that you could be spending with a successful opportunity! As all good carpenters say - Measure twice, cut once.

3. Finally, and something often forgotten amongst all the hype - check this financial opportunity is going to actually get you the lifestyle you want. Imagine your main goal for finding a 'vehicle' to get you to financial freedom is so you can spend more time with the kids. Then you get a home based business opportunity - but it actually has you working from 8-8 at home, you still won't see the kids. Don't get caught up in the excitement of the money, or the potential opportunity UNLESS it will achieve the lifestyle you actually want.

Write down your long term goals of the lifestyle you want to achieve first, and then see if the money making vehicle will help you to attain that.

You are now on your way with these three check points. Once you have your lifestyle envisaged and what the opportunity needs to have for you to get that, now you can go out and find the right one, first go! Good Luck - and I hope your vision of your freedom lifestyle comes to you sooner than you expect. - 15465

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