In the book “The Myth of Passive Income – The Truth and the Solution,” on page 48, I talk about how there’s three ways to earn money.

They are:

#1) Trade Time For Money: Otherwise known as a J-O-B or a career. If a person accumulates any degree of wealth employing this strategy, it will usually be at the expense of a life.

#2) Invest money to earn money: Very few people have enough money, and specialized knowledge, to focus their efforts on trading it every day, especially when speculating on an asset can be a two-edged sword.

#3) Leveraging yourself to earn money: This is where you multiply your time through the efforts of others. If you show people how to consume a product, from a company that pays a world-of-mouth advertising check to it’s members, and teach them to tell others about this product, then you will get paid multiple times for an initial effort (telling the first person about the product once).

Some people know the third method above as traditional “network marketing.”

Yet, since the contribution of that chapter in Joe Vitale and Pat O’Bryan’s 2004 book, I’ve learned how to LEVERAGE myself in a much more fun, well-rounded, flexible, less over-the-top sales-driven way.

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