Welcome to Ways To Increase Income
Hi, I’m Darren (read About Me HERE), this is my site Ways To Increase Income. Its my own personal journey about creating a passive income, what I am doing, things I tried (succeeded and failed at), and the results I am getting. I hope any one that is visiting can get a little something out of it. Oh by the way, I have affiliate links through out the site, so I if you do happen to click on anything and purchase something, I will earn a little commission for it. Many thanks in advance.
From the Blog
- April 2013 Income results
- March 2013 Income results
- Earn More Spend more
- What I’ve learnt in the last 2 years
- February 2013 Income results
- January 2013 Income results
- How to Set up and Trade a Easy Forex trading Account
- December 2012 Income results
- The Mistakes I’ve made trading, and trying to replace my income
- 4 hour work week – Tim Ferriss
What I’ve learnt in the last 2 years
Well its nearing the end of March 2013, I posted my last two income reports for January and February yesterday. I realized its now 2 years that I have been working on creating an online passive income through web based activities. My first 12 months netted me a grand total of $186 the next 12 months $6200 (estimate for end on march), that is over a 3000% growth in 12 months.
Now any conventional business would be wrapped with that percentage growth in any year, me on the other hand not so much. For a couple of reasons, I would of spent about $15000 to earn that money, now keep in mind that $8500 of that is getting just one site developed, the rest has been spent on domains, hosting, courses, plugins, products e.t.c.. And the vast majority of that is just a once off cost, so if I keep the number of sites I have right now, and just continue to develop them I would expect my next 12 months to cost me about $2000 – $3000 all up.
A little about Me
I started online trying to create income about 5 years ago, I started Day trading the Forex markets, with some fantastic success and spectacular failure. After a little while I drifted into creating online income through websites. I just found that the Forex markets were being to volatile when the GFC hit and websites were providing a more stable avenue to generate passive income. This site is all about what I am trying, the successes and failures that I have and the results I am getting. Read more here.
Ways To Increase income
People really get confused when they think about their income, they think “if only I earned more, I could then afford to (insert your own word here).” Yet they never think twice about spending everything they earn. The thought of increasing your income, is fine, but it really is a double edged sword, most people think it is earn more to spend more. I know plenty of people that earn well in excess of $100 000 per year, in some cases double that, and are flat broke. In that example do you think that if that person earned another 20, 30, or 50 thousand dollars a year it would make one bit of difference the answer is NO, they would be just as broke..
There are 2 sides to the increasing income argument
1. Yes increasing income, by creating businesses, day trading, blogging e,t,c
More importantly is
2. Spend less or learn how to control your money and make it work for you. Anyone can go out and earn more money, not that many people will ever know and understand how to control their money and make it work for them instead .
So why do you need MONEY
Money, wealth, income e.t. c is an idea, and a practical one at that. In the modern world, we need money to be able to buy food, shelter, clothes, e.t.c. It’s unfortunate that we spend 45 – 50 years our lives trying to earn money, then retire, only to not be able to enjoy the money we have accumulated. Which brings me to the point of this site and why I am want to create a passive income, which is LIFESTYLE DESIGN. If you haven’t read it yet get a copy of 4 hour work week, it will make a lot of sense when you read it.
So what is LIFESTYLE DESIGN
That why I want to increase my income, I want to be able to enjoy my life, before I hit 65 and are too old to enjoy it. Trust me when I say this, you can increase your income, and learn to control your spending, and before long you will be able to replace your working income, then start building the life you want, and that my friend is an amazing thing.