High Leverage Income Streams
Filed Under Unemployed |
What it Means to Be Unemployed.
You own high-leverage income streams, and consequently, you own your time. You make the daily decisions about how to invest that time. Unemployment isn’t bullet proof; staying Unemployed depends whether the market continues demanding your product. It may not. An Unemployed person has much more ability to control his financial future than an employee.
So what is a High-Leverage Income Stream?
A source of income that requires relatively few hours to maintain. A high-leverage income stream may require a huge time investment in the beginning, but over time it becomes more and more passive. The owner of a high-leverage income stream can be paid on an ongoing basis for work performed only once.
I hope at some point I’ll think of a shorter way to say high-leverage income stream. I imagine some people would call it passive income, but it’s not exactly that. I don’t like to talk in terms of passive income; it’s phrase that’s been used and abused over the last few years and associated too much with get rich quick junk. High Leverage income requires a lot of hard work, especially during its start-up phase. But once it has momentum it generates a lot of money relative to the time required. Here are a few examples of high-leverage income streams:
- Income producing Real Estate (as long you’re not managing it personally)
- Blogging (after you’ve built up a good reader base and a presence on the search engines)
- eCommerce websites (after the site is built, including products and search engine rankings)
- Authoring Books (collect royalties)
- Business ownership (after you’ve hired competent managers and employees)
- Franchises (also with competent mangers and employees)
- Network Marketing (once you’ve built a huge team or downline or whatever your company calls it)
There are a lot more out there , but you get the point. The interesting thing about HLIS is they all start out very low-leverage. They require lots of time on the front end to build. Some people work 12 hour days for a few years to establish one HLIS. Is it worth it? Would you trade a few grueling years of 12 hour days in exchange for the rest of your life working a few hours per week?
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