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If you’ve read Robert Kiyosaki’s
book The Cashflow Quadrant you’ll
know what the letters E B S and I stand for. |
E is for employment and S is for self-employment. With
either option you are selling your time in exchange for
money.
B is for business and I is for investments. These are
sources of passive income. You receive cash even when
you are not selling your time.
It is possible to become self employed and then to gradually
delegate the work so you are not involved in the day to
day running of the operation. Here you have transferred
a source of income from the S quadrant to the B quadrant.
Robert Kiyosaki says that most people are safest sticking
to the E quadrant rather than attempting to become self-employed.
However, while remaining in the E quadrant you can invest
your positive cash flow in the B or I quadrants.
In addition to your main job you might consider getting
a second part time job – also in the E quadrant.
However, one possibility which is attracting more and
more ordinary people worldwide is to set up a little internet
business.
OK, you may reject this immediately if you don’t
know how to build a web site. That was my knee-jerk reaction.
But I discovered that there are very simple solutions
for non technical people like me. All you really need
to be able to do is type.
The advantage of a web business is that it’s low
risk and very suitable for part time work. Once your web
site is up and running you can easily earn advertising
revenue from visitors. Anyway, if you want to learn more
about this please see my article on internet
income. |
