I let my personal trainer, Jeff, borrow a copy of "Rich Dad Poor Dad"
by Robert Kiyosaki. A few weeks later duringour workout session he blurts out,
"You know what -- I'm carrying buckets!"
"Huh?" I replied.
Jeff reminded me in the "Rich Dad" book Kiyosaki gives the example of
someone carrying buckets to supply a town with a water and another person
building a water pipe line to carry the water. It took longer for the pipeline
to be built but once it was done - the money would continue to come in with or
What are you doing?
Sadly most people are carrying buckets. They are getting paid based on the hours
they work. Even if you are a highly paid surgeon or attorney your income is
still limited by the hours you can work.
Everybody has been taught to think the harder you work the more money you
make. What if that's completely wrong? What if it's the smarter the work, the
more money you make?
Personally, I prefer to work once and get paid over and over and over again. And
there are lots of ways you can create recurring revenue for yourself. It could
be via royalties from an invention, a song, or a book.
It could be from network marketing. It could be from real estate. It could be
dividends from investments. Or it could be from a multitude of other ways aside
from the typical 9-to-5 grind.
The majority of my income day-in and day-out is a direct result of work I did 1,
2, 3...even 6+ years ago or more. For instance, if you create an information
product to sell (like a report, ebook, software, video, etc) you only have to do
the work once of creating it and once to write the sales letter.
Then if you set up some automatic promotion avenues like an affiliate program or
autoresponder messages - you can continue to get paid for that product
indefinitely. One of biggest income streams is a product I created 5 years ago
and still makes me a nice six-figure income each year.
Frankly, I couldn't turn off my recurring revenue streams right now if I tried.
That's because much of what I've created has fed on itself. One product refers
people to another. Our affiliate network (over 35,000) refer people to our
sites. Some of our sites cross-promote our other sites, etc. etc.
When you keep working on activities that have recurring value you'll create a
momentum that's tough to stop. But the truth is -- it IS hard work in the
beginning. It's like a rocket taking off in which it burns most of its fuel on
You need to put in the hours and effort upfront and then you can ease off the
throttle. But if you don't put in the extra effort upfront you'll never achieve
lift off and get that momentum you need.
The more you think about doing the work once and being paid multiple times the
more creative your mind will become. Ask yourself the right questions and you'll
get the right answers.
In fact, even this article, if I'm lucky, will become a recurring income
producing activity. I wrote this material once and the publicity from it will
hopefully get a few people to my websites and into my marketing funnel.
Now of course, I'm not saying that every activity I do each day is highly
leveraged because I still do some "dumb stuff" like checking email or
filling out tax forms. But I'm working on outsourcing as much as I can and
focusing just on income producing activities (just like you should).
(c) Surefire Marketing, Inc.
Yanik Silver is recognized as the leading expert on creating automatic,
moneymaking websites...and he still doesn't know how to put up a website.
He is the author, co-author or creator of several best-selling online marketing
books and tools, including his newest resource for "not carrying
buckets" - http://www.InstantInternetProfits.com
Copyright 2016 Futures Trading Coach
Trading Made Easy LLC
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADE PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF THE HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.