“Working 9 to 5, it’s a way to make a living”, Dolly Parton sang these words and are true – but is it the ONLY way to make a living. What would you do if you had passive income to support you – would you still be doing the job you are doing? Or would you be out with the family, travelling or buy that new house you dream of? Life is for living, so why not give it ago! What would you do if someone gave you 5 starting points to achieve this – would you consider aiming to live your life?

5 options to mull over and weigh up which will be your vehicle out of the rat race:

PROPERTY – Yes, I can hear you say – property NOW? In this economy! To be honest, yes property is a great one. Do the research, look in the papers, talk to real estate agents, and your bank. There are many ways of making money in property – a fantastic book to read is “0 to 150 properties in 3.5 years” by Steve McKnight. It shows you many different ways in an easy to read format! Follow this and you will be on your way!

STOCKS – Now don’t shake your head at me and think I am completely mad. Before you jump to any conclusions read the article “Buy American, I am” by Warren Buffet. Here is a man who has survived stock crashes previously, and is one of the wealthiest men in the world, from stocks. My suggestion is do the research, if you are passionate about stocks – you will find a way to make money, especially at this time! Speak to others who are making money in stocks at this time – and learn from them.

TURN YOUR IDEAS INTO A PROFITABLE BUSINESS – Can’t find a business out there that suits you – why not start your own? Everything you can see around you, all started in someone’s imagination first. Or maybe you see a business that could run ten times better, start that. Although it may be hard at first, if you truly are passionate about your business it won’t seem like work. Another thing to consider is to actually make sure your business can run without you – therefore giving you the freedom you are striving for. The best book I know that can ensure you do this is called “The E-Myth” by Michael Gerber

FRANCHISES – These are proven systems that make you money. The biggest thing here is you will need to outlay a reasonable amount of money. However as these are proven, it may be easier to get a business loan for a franchise than for an unproven business of your own. Again, find a franchise that aligns with an interest of yours, which has similar values to you and yep, you guessed it, research! If you are looking for less of a risk than building your own business, then this will definitely be something to consider.

BUSINESS FROM HOME – With the internet so readily available anywhere, it is easy for certain business to run from home. If you want to be home for kids, want to be your own boss and earn what you put in, a home based business is one of the best options. There are thousands out there, so it is important to do your research, as the one that looks too good to be true may often be illegal. Find a home based business that interests you, check that it will give you the freedom you are looking for and also the income. A lot of home based businesses are quite cheap to start, so great if you don’t have much to begin with.

So where to start from here? I would look within, listen for your internal voices – one of those options will feel more comfortable than the other when you imagine yourself doing it. Start with that one. If that doesn’t end up being, try the next one…and the next. It will get easier as you determine what is right for you and then you will be living the lifestyle you choose.

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