Several years ago I decided that our traditional bricks and mortar, family run business was never going to fulfil my goals on it’s own. I played my part within the business, carrying out all the administration, VAT, PAYE, marketing, advertising, customer service, staff liaison and more, answering the phone with a sunny “Good Morning” or “Good Afternoon” and in general giving it my all every day.
It made us a great living ( at times ), nice cars, lovely home, a holiday or two and in general life was good. Late In 1999 I was recommended a book by a cousin in Canada who had just been to a seminar, that book? Rich Dad, Poor Dad by Robert T Kiyosaki. I uncovered how bad my financial IQ was by reading that book and after demolishing his second book, Cashflow Quadrant I found I was indeed at money management level one. I knew I could not build true wealth from that position.
By 2004, I had turned my finances round, which is documented in Control Freak a Recipe for Debt Freedom and is currently being revisited live in the Pay Off Your Mortgage Challenge.
In 2004 I began the search for passive income and my very first encounter came my way with The Utility Warehouse, money saving, one monthly bill and a slice of residual income every time someone used the phone, switch on a light or used the internet. ( I have added the details to the Passive Income section of the Blog )
In 2006 my Ebook; Control Freak a Recipe for Debt Freedom received national press attention and I started to see the potential for passive income from the Internet. Several products and websites later and my learning curve of Internet Marketing becomes more of a gentle climb than the mountain I started with and I’m actively seeking Residual Opportunities via the Internet.
I will add my findings both here and on the Women Invest Too website, which will be completed over the next few weeks.
1 response so far ↓
Jean // May 24, 2008 at 2:41 am |
Hi,
I am Jean, from Malaysia. Reading your story above is very much like mine. Me too is with my family biz – industrial pump manufacturing. Biz is good, and I am acting as the CFO of the company. Well, financial wise, it is alright. However, earning an employment income is never my dream.
I am very into the concept of passive income. I guess I have seen enough “rat races” while spending my past 10 employment years in Singapore. I guess that’s how I ended up joining a mutual fund biz. After one year of hardwork in expanding customer base, I am now enjoying the passive income from both my direct downlines and my own career benefit.
One day, once my passive income > expenses, I will be financially free.
Thank for this lovely blog !