Wednesday, March 9, 2011

IF IT IS TOO GOOD TO BE TRUE - YOU BETTER STAY AWAY

My own experience has taught me that there is no such thing or way to make money with no work or little effort. In fact, there are many things you can do that will generate passive income, i.e. receiving money that keeps coming in every month without you working for it. But you need to put in a lot of work or effort in the beginning to generate passive income or residual income.

Are you willing to put in the work and effort to keep getting paid over and over?

Or if you have a lot of money sitting in the bank, you can invest that money and make a nice income without working. That's because you have your money working for you.

Unfortunately, most people don't have the luxury of half a million to a million dollars sitting in the bank that they can invest in a safe investment earning them 6-10% a year. If you had a million dollars and you found a safe investment that gives you 10% a year return, that's a $100k a year income without working. You would need at least a million dollars of liquid cash to retire comfortably.

Just remember folks there is no magical formula or sure fire way to make money with no work. That is a pie in the sky or pipe dream that some people sell to get you to join their program or invest money with them. It doesn't work. If you can make money without working, and it is so easy, how can something like that be sustained over time?????

Don't try to find an easy way to get rich quick. There is no such thing so stop wasting your time and effort in that type of search or scheme. If you put your time and effort into building a business, you will see it start to pay off slowly. Making real money is through your tears and sweat only then it is worth it.

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