Make Money Online

There are many ways to save more money if you use all of the resources that are available to you both offline and online. With the proper information, you can even compare house insurance and save on things that you never thought that you could.

While you might be more comfortable finding places to save money off-line, there are often many more avenues for saving money online. This article will go through a few of the ways in which you can save using both techniques.

You are most likely familiar with the places that you can go to save money off-line. Your local Pennysaver and your newspaper are great places to find coupons to local grocers and sometimes to clothing stores. If you are buying meat or fruit, you do not want to leave home without it. It is also a great place to get the information on who is having a sale, even if they do not have the coupons printed directly in the paper.

You can also go through the local magazines to get the best deals on local businesses. All in all, off-line publications are usually best for dealing with local entities. This is the forum in which most of them find it most advantageous to offer discounts and introductory offers.

However, if you have expanded your personal consumerism to the electronic market, you will find a great deal more offers online. Nowadays, it is just as easy to purchase something from a business that is across the country as it is to walk to your local store. You may have to wait a little longer on mail delivery, but the net cost is worth it.

When you expand your personal market beyond your local economy, you open up the doors to more competition, which leads to lower prices and better deals. As such, there are many websites online that are dedicated to just this. You can easily find coupons for nationally franchised businesses on these coupon sites.

Many businesses will also offer exclusive online deals to people who purchase their products through a website. They are attempting to familiarize their customer base with online purchase. Online purchase saves the company a great deal of money in overhead and labor costs. They are more than willing to pass the savings onto you.

There are also many price comparison sites online in which you can compare companies side by side. This is not only a great way to compare prices, but also to compare values. You want to make sure that you are looking at apples versus apples when you deal with another company.

For instance, if you have a local insurance company offering you a great price, you will want to compare the price to the national chain as well. But you will also want to know if the local company offers the same collision protection as the national chain. You can do this online much more easily than you can off-line.

The mobile environment also offers you a great opportunity for savings. Many companies have what are known as “QR codes” plastered on their windows and on their business cards. If you have ever seen those nonsensical black and white drawings in a window that vaguely resemble a barcode, you have seen a QR code. You can scan these into your mobile phone to get great deals as well.

Before I start explaining the things, I would better like to ask some questions to clear what I am actually going to explain. And the questions are…

1. Does Education System Teach Us, How To Become Rich?
2. Do you know why one MBA student is doing job and another uneducated person is running a huge successful business?
3. Do you have second income source other than your main income?
4. Do you understand what financial security is and why we must worry about it?
5. Are you satisfied with your current job or profession and will be happy with the same for a life long?
6. We are working hard to give a better life to our family and the same job, profession or money is keeping us away from our family. Are you satisfied with the time you are giving to your family and with the life style you and your family are living?

Caution: Don’t read ahead, if your answer to all these questions is “YES”. Probably this article is not for you. I request you to Stop Reading from where you don’t agree with my words and kindly bear with my poor English.

Ok, so after asking too many questions let me come to the point. Whatever way, we are making money, there is one mathematical equation that implies every where and to every one human being on this world. And the equation is…

Time (X) Rate = Money (Income)

Where, time is the working hours per day that is being utilized to generate income. And the rate is the amount you are earning every hour. For example if you are working 10 hours a day, 30 days a month and your salary is 10,000 bucks than your rate would be 33 bucks.

What can be done to increase your income?

Above formula clearly says that either we have to increase our working time, or we have to raise the rate of our work to raise the income. However, we already know that the time and rate, both are limited parameters which can no be raised beyond the certain limit. Can you work 20 hrs daily to double your salary? Can you tell your boss to double your rate so that your salary is doubled for the same work and for the same time? Than what is the solution?

From the childhood we are being taught to focus on rate only, no body has told us to think about the Time. For example, parents always say to child to focus on studies so that he can be engineer, CA or Doctor and can get higher salary and so higher rate. Have you heard any parents learning their child about making people work for him? That’s how the dreams we have seen during our leaning phase of life get ruined within few months of salaried job. We realize that, with the current job, we are not going to make any of our dream come true, and hence either we have look for the another opportunity or we have to change our dreams.

Let’s take another example. Suppose your time limit is 10 hrs (unfortunately god has given only 24 hrs) and your wife is also earning for your family and she is also working 10 hrs a day. Then your total family hours would be 10+10=20 hrs. Agreed?

So, this is how we can hire the time of some one and utilize it to generate income for us. Another good example is the boss of company. He hires multiple engineers and gives them salary to utilize their time to generate a huge amount of money. Are you getting this point? So, this is called the “Time Bank”. If you have any way to increase your time bank, then and only than you can make your dreams come true.

In order to become rich, qualities you should have are…

1. Time Bank. (Multiple people working for you)
2. Leadership quality to handle the whole time bank means to handle the team of people who are working for you.
3. Capital investment that is required to employ those multiple peoples to work for you.

Now tell me, which school or college teaches you to develop your own time bank? Today’s education system generates worker and not the winners. If you want to get employed, get educated. If you want to get employed at higher salary, get highly educated. That’s as simple as that.

What type of income is good and what is residual?

In job, profession or business, if you go to work, you get the money. If you stop going to work, you will stop getting money. While the income should be in a way that you work hard for few years, your income keeps increasing during those years and when you stop working after few years of hard effort, your income should not stop and should keep increasing as it was. Confused? Well, that is called the residual income. And believe me, you can achieve if you believe you can.

Why I should think for residual income?

Simple, would you like to work at the age of 60 as hard as of now? Wouldn’t you like to get retired soon and enjoy the life with your dear wife and children? (I would love to become full time father, instead of full time grandfather). Ok, now think about financial security of your family. When the lifestyle of your whole family depends on your income, are your sure that nothing bad will happen to you and your current income source for the life long?

For example, suppose a surgeon who is expert in doing surgeries and making lots of money from his skill. One day in morning he gets serious injury in his hand and he has to cut his own one or two fingers. Will he be able to do the surgeries?

I don’t know how I can help you get that residual income and that financial security for your family, but what I wanted is to make you think about it. Anyway, I have two ideas in my mind on which I am already working to generate residual income.

Blogging Business: In this business if you work hard to build successful blog, after few years, your earnings from the blog will keep increasing even if you stop working that hard.

Network Marketing Business: In this business, you will make the network of people where every one joining you, will work to create their own network and so on. Here you will be able to create your own time bank from the time of the people in your network, without paying them a salary. Don’t you think this is just awesome opportunity?

And both the business can be done in part time without affecting your current job, profession or business.

Anyways, I am sure you must be tired reading this long article, but if you find any thing useful then please, please let me know by your valuable comments.