Karen Sielski is a passionate online wealth builder, using her 20+ years in the high-tech industry to help small businesses, entrepreneurs, and online network marketers successfully grow their businesses online.
Do you use lack of time as an excuse for starting a business? Let's take a closer look at a fundamental principle of time. The 2 things you can do with time are spend it or invest it. Let's look at each of these options. If you spend time, it's gone forever. There's no getting it back. However, when you invest your time appropriately, you can create a lifetime of residual income.
Here's how it works. Start by determining how much residual income you want to make per year. Let's say your goal is to earn $200,000 a year. That works out to about $100/hour for an 8 hour work day. Bottom line, your time is now worth $100/hour.
The next step is to look at your activities, for example, watching tv. If you are watching 3 hours per day, and the average in the US is actually much higher than 3 hours, and your time is worth $100/hour, you are throwing $300/day out the window.
Let me ask you, is it worth $300/day to watch that much tv? $300/day is $2,100 per week, and over $100,000 per year! Can you really afford to watch that much tv? Now, I'm not saying to stop watching tv completely, but hopefully knowing this information will make you more selective. Try to cut back to ~1 hour/day instead of going cold turkey.
Now let's do an exercise with your goals. How much income would you like from a home business? Now take a look at how many hours of tv you watch per day or spend on other activities like hanging out at Starbucks.
Take your income goal and divide by 250. This will give you the approximate number of work days in a year. That's how much you need to earn in 1 day. Divide by the number of hours/day you want to work. That's how much your time is worth.
Now look at other ways you spend your time like cleaning your house or taking care of the yard. If you can hire someone to do those activities for less than the hourly cost of your time, you can use that time to work on achieving your income goal. What if you could hire a virtual assistant for $4-5/hr, just like I do, to do many tasks?
When you look at it this way, do you think you can find the time to start a business and create the life you want to have, not the life you currently have?
And now I would like to invite you to claim your Free Access to "15 Ways To Grow Your Business Online". Just click here to send me a blank email and you'll start receiving valuable information that can help you get more traffic to your website or blog and make more money from your visitors.
- Related Videos
- Related Articles
- Ask / Related Q&A
- Why is a Home Business Residual Income Opportunity so Great
- 4 Home Business Residual Income Tips
- Home Based Business Residual Income Tips
- Home Business Residual Income-what is That?
- Discover the easiest steps to climbing the ladder in your Home Based Business Residual Income Success
- The Best Legitimate Online Businesses Residual Income Library
- Building a Good Foundation for Online Home Business Residual Income
- Home Business Residual Income Opportunities Are Everywhere




Bookkeepers Adopt a Meticulous Approach
By: vish ks | 23/12/2009All Companies must conduct an accurate analysis of the bookkeeping affairs for the faster growth of the Company. Bookkeeping as such is an assortment of multiple activities. Usually organizations and Companies employ a few accountants and bookkeepers for handling their accounts. But, the very concept of maintaining a huge workforce in the bookkeeping department is not recommended nowadays.
Operations Risk and Business Continuity – The Eurostar Case
By: Stanley Epstein | 22/12/2009The recent Eurostar train failures in the English Channel Tunnel are an excellent example of Operational Risk. This event clearly indicates the unpredictable nature of this type of risk as well as the procedures that should have been in place to have avoided the extreme disruptions to the plans of thousands of holiday makers.
Build Your Salespeople’s Strengths And Use Them As Launch Pads For Better Sales Success
By: Ralph Burns | 22/12/2009I used to work for a company that tried to change me into someone I just was not. In an interview, the HR manager said, “This company will help you overcome your weaknesses by thrusting you into different kinds of situations. We will help you grow to become a completely different person.” Here is the thing. There’s nothing wrong with “overcoming your weaknesses“. But to turn me into a “completely different person,” that’s something else.
Get Your Sales Reps to Sell Like Corky
By: Ralph Burns | 22/12/2009What is the highest performing stock in terms of total return over the over the course of the past 40 years? It's not Microsoft. No, its not Cisco Systems. It's not GE. It's not even Intel.
How a Top Sales Manager Gets Their Salespeople to Sell More Stuff!
By: Ralph Burns | 22/12/2009When do you do your best work? When you feel bad or when you feel good? The obvious answer is when you feel good. No one feels like doing much of anything when they feel bad. When people don't feel so good, they end up doing very little... not a good situation for you. So it begs the question: does the salesperson brimming with confidence sell more than the salesperson who lacks confidence?
Why a Sales Manager MUST Evoke the Law of Reciprocity
By: Ralph Burns | 22/12/2009For our purposes, the Law of Reciprocity states: If you do something nice for someone, human nature dictates that the recipient will feel compelled to do something nice for you in return. It is in essence: "you reap what you sow".
Why a Top Sales Manager Must Always "Tune Into the Right Frequency"
By: Ralph Burns | 22/12/2009It's definitely cliched, but I think this is one of the most critical elements to successful sales management and that is to make sure you are tuned into the right radio frequency with your salespeople. There's only one radio station that your sales executives like to listen to and that radio station is: WIFM. (You might say WIIFM, but let's not get too technical here...).
Setting the Bar Higher As a Top Sales Manager
By: Ralph Burns | 22/12/2009If you do what "everyone else is doing" then as a manager of a bunch of salespeople, you'll get what precisely what everyone else is getting...namely average, mediocre, conventional sales results. As a sales manager who craves top sales performance, you need to zig when the others are zagging and do things unconventionally, you need to set the bar higher.
10 Sources For Online Article Marketing Content
By: Karen Sielski | 23/05/2009 | Marketing TipsOnline article marketing is one of the best ways to generate free online targeted traffic to your website or blog. But what should you write about? Some people worry they don't have anything to write about. The possibiliates are really endless. I worry about how I'm going to write about everything I know! There are authors with thousands of articles.
Online Video Marketing - Don't Get Slapped By YouTube
By: Karen Sielski | 21/05/2009 | MarketingThe online video marketing community is buzzing these days with news that YouTube is on a rampage. They are shutting down accounts right and left, without any warning whatsoever! Thousands of online video marketers have been affected by this already, and YouTube is still on the war path.
Information Product Wealth In 6 Simple Steps
By: Karen Sielski | 19/05/2009 | Wealth BuildingIf you want to succeed online and create online wealth, don't think about how you can make a lot of money. Instead, start thinking about how you can help the most possible people get away from their anxiety or pain or get the desired result they want the fastest. Want to make a lot of money? Then ask how you can help a million people get this result the fastest.
How To Create Online Wealth The Eben Pagan Way
By: Karen Sielski | 18/05/2009 | Wealth BuildingThere are many online wealth gurus on the internet, but Eben Pagan has quickly emerged as one of the best in a short amount of time. His products cover diverse topics such as internet marketing, productivity, and dating. Does he just talk the talk, or does he walk the walk as well? Eben is the real deal. He has generated millions of dollars online, and provides detailed and valuable information in his products and trainings.
28 Tasks To Outsource To A Virtual Assistant
By: Karen Sielski | 17/05/2009 | InternetWhat if you could pay a virtual assistant less than $5 per hour to do all of the tedious, time consuming tasks in your business that keep you from doing the things you love and the things that make you the most money? Would your business grow faster? Would you make more money?
The 5 Best Internet Virtual Assistant Services
By: Karen Sielski | 16/05/2009 | InternetElance is a 1-stop shop where you can find web programmers, web designers, copywriters, marketers, administrators, IT consultants, grant writers, researchers, translators, graphic designers, video producers, etc. Choose from over 80,000 independent professionals around the world. I have found excellent internet virtual assistants on Elance and highly recommend this service.
Online Article Marketing For Free Website Traffic
By: Karen Sielski | 13/05/2009 | MarketingI have personally found online article marketing to be one of the best ways to get free targeted web traffic to my blog and increase my online wealth. But don't just take it from me, here's what a top online guru has to say about article marketing: