People are constantly searching for ways to make extra money, especially in the current economic crisis. It is reported that a sizeable proportion of people affected by the recession are looking to home Internet businesses to solve their financial difficulties.
A report into the financial crisis in the USA reported the majority of foreclosures would have been avoided if people had just $500 a month extra. An amazing statistic when you think about it.
What may surprise you is the seven ways I am going to outline have been known for 1,000′s of years. They were published in the best selling book in 1926, The Richest Man In Babylon by George S. Clason. Yet despite this the financial crisis came about because people who should have known how to manage money, bankers, ignored nearly every one of them, and we paid the price.
There is a strong link between these seven ‘cures’ as Clason called them and your work from home career. When you first start, unless you have run your own business before, you will be in for a learning curve. Learning how to increase your income without actually selling more services or products is knowledge worth it’s weight in gold and can be learned by anyone.
Set out below are the seven ‘cures’ or ways to earn extra money:
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Start thy purse to fattening – Concentrate on ways to improve the amount of money in your bank account
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Control thy expenditure – A simple concept however one most people seem unable to follow
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Make thy gold multiply – In other words make sure any spare money you have is in an appropriate investment vehicle
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Guard thy treasures from loss – the resonance to today’s financial crisis is very close. If a deal sounds to good to be true then it probably is.
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Make thy dwelling a profitable investment – The exact opposite of what banks have encouraged most people to do. The economic bubble was fuelled by people borrowing against their house as opposed to paying off their mortgage as quickly as possible.
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Insure a future income – Basically a sound pension fund and life insurance
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Increase thy ability to earn – notice this is last. Why is this? Well essentially you have to begin to get your life in order before you can become truly wealthy.
The next seven posts will cover in greater detail how to take each of these ‘cures’ and tie them into your home Internet businesses as their foundation.
Andrew Peel
