In today’s society the opportunity to work from home can be either a personal choice or a forced choice, i.e., your company downsized and your position was eliminated or outsourced. The former choice is empowering while the later is deflating.
Empowering or deflating, the bottom line is, you now have to engage in an income-producing activity to replace lost income. I know you’ve heard it all before, but it bears repeating that, you can earn substantially more in a year working for yourself than you can working a J.O.B. How? Tax deductions. I’ll get to that later.
The home occupation we specialize in is Real Estate Investing: Subject-To, Mortgage Assignments, Wraps or Wholesaling (with more strategies to come in the future!! :-). If done consistently over time, you will see your net worth grow to amounts that will amaze and astound you. Not to mention the time freedom you will begin to experience!! If you’re not sure how these strategies are done, check out our website for more information: http://thereirockstars.com/
So…now what? How do I acclimate from a structured environment of a J.O.B. to one needing self-discipline that will meet the desired objective? (Making money) There are many articles on the internet that can address this very question, but I will go into some things you can be thinking about or implement now into your home based business.
- Self-discipline. Distractions abound in the home from children to dirty dishes or laundry needing to be done. It is a huge temptation to tell yourself you’ll get back to work “as soon as I do this, and this, and this……”, especially when you don’t have a boss looking over your shoulder reminding you to keep working. How will you deal with this distraction?
- Confidence. You need to know that you have what it takes to be successful. Let me emphasize a part of that, YOU HAVE WHAT IT TAKES TO BE SUCCESSFUL!! Believe in yourself!! To paraphrase a portion of scripture, “As a man thinketh, so is he”. Do you think of yourself as a success or failure?
- Resourcefulness. You know you have the knowledge to do the job, but if you feel like you need to obtain additional training (or coaching), get it! Get a mentor. Invest in yourself!!
- Self-imposed deadlines. Can you set goals and then develop strategies to obtain them? Can you stick with your deadlines without continuously going off track? And if you do get off track, how long before you get yourself back on track? Or do you let it slide? Tell yourself that you need to stay on task and then do it.
The number one response people have when asked why they want to work for themselves is financial independence followed closely by time freedom. If you could have both of those through investing in real estate, then why not consider it? You choose the picture below that speaks to you the most when thinking about working from home and then visualize it over and over and over, until it becomes a reality in your life!! 🙂
To obtain additional tips on working from home, Click Here
As I mentioned earlier in this Newsletter, attached are ‘300+ Business Deductions’ that are suggestions you can take when owning a Small Business or a home based business. (Be sure to check with your accountant and/or attorney on the deductions.)
Quote for the week:
If you’re interested in ‘balancing’ work and pleasure, stop trying to balance them. Instead make your work more pleasurable. ~Donald Trump
JOINING YOU IN YOUR ADVENTURE TO SUCCESS!!
The entire team at the REI Rockstars & Toroklaw Acquisitions