By sharing passages on passive income, I would like to link to To Get The Highest Income – KHS’s Market Model, which is based on my past experience to help you transition from Earned Income to Passive Income. I once shared this concept of Money Making Model live on Page. This model is a step-by-step review of my past monetization experience. So let’s get started.
Everyone has to earn money to survive. They are making money because of a need, even if it is not for a living. Making money is the same thing, but the amount of money you earn is not always the same. There are cases where one person earns about $150,000 after working for a whole month and the other earns about $150,000 a month. The reason for this difference is that the amount of money that can be earned varies depending on what people are exchanging their money for.
Most people think that money can be exchanged for time. For example, I work from 8 am to 5 pm and get paid at the end of the month. In other words, days and months are just a measure of time, aren’t they? So let’s think about it this way. Suppose a person works eight hours a day, six days a week, earning $300,000. If you change your time and money, you will have to work 16 hours a day to earn your salary from 300,000 to 600,000. It is possible to work 16 hours a day because you have to work abroad.
Then you have to work 24 hours a day to earn $900,000. This is no longer possible. If you trade money for time, you will have limited access to 24 hours, so your income will be limited. With my To Get The Highest Income – KHS’s Market Model, I would like to explain how many ways to make money and what the benefits are.
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Discovering Your Purpose There is no such thing as a “GOOD” job.
The first method is the main way of exchanging money for labor. For example, transporting bricks from one place to another; Cleaning; Passengers’ luggage is loaded at train stations and bus stops. Riding a rickshaw This is a way to earn money by using physical strength. The trick is to get the money you deserve for the results of your efforts or efforts. I myself have worked as a money changer myself. During my time as a sailor, cleaning a ship’s engine exhaust line (Scavenge Air Line) cost $20. Watering the boiler and removing the carbon joists costs about $ 20 apiece. This is the first time in my life that I’m making money. Here’s how to put one together for use with your grandma’s white hair as a child.
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Good and Bad.
Fortunately, this is an easy way to make money. Easy does not mean that it is difficult to find a job, just because a normal healthy adult has a variety of jobs that can be exchanged for money this way. In addition, because labor is exchanged for money, you will need less labor, less degrees, and less experience.
The downside is that this is the most basic way to make money and the amount of money you can earn is very limited. This is because the labor force involved in exchanging money is limited. There is a limit to the amount of effort you can do, and there is a limit to the amount of time you can exert yourself over and over again. And with the salient advantages, you must know some of the disadvantages as well.
It’s very easy to replace yourself with someone else. In addition, this method of earning money is often a situation in which not only the employer but also the superiors are almost 100% dependent. In addition, you will lose your job if you can no longer work because you only get paid to use your labor. In addition, it may not be possible to create a passive income as a self-employed person.
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The second step is to exchange money for time.
My first job was working for a company at Simmalai Shipyard as a student. You get $5,000 a day and $5,000 a week, and you get paid $20,000 once a month. The only way to trade time for money is to make money. Government This is how the private sector, the middle class, earns money.
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Good and Bad.
It can be said that exchanging money for time is better than exchanging labor. Because they are time changers, you do not need much physical effort and you can earn as much as you work overtime. In addition, when exchanging labor for money, you can only earn money if you have a hard-working job, and exchanging time is often more secure and secure. In addition, time is limited, but the amount of income is often higher due to the wider scope of labor.
However, there is a need for academic education as a way to exchange money for time. Because of the exchange of time, if the working hours are not met, the salary will be reduced. I was cut off. And so on will remain. Although the income is higher than the exchange for labor, the amount of income is still limited due to time constraints. In addition, the dependence on the employer for their income is still high and may be replaced depending on the ease of work. In addition, it is still difficult to make a direct transition to self-employment through this method of making money. It is not yet possible to generate a passive income.
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Discovering Your Purpose There is no such thing as a “GOOD” job.
The third way to make money is to trade money for skills. For example, if you are very good at designing and creating, you will earn as much money as you can. You will earn as much as you complete one, two or three jobs in an hour and will no longer depend on overtime. There are many ways to earn money depending on one skill. Once you have the skills, you will be able to accept freelance work.
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Good and Bad.
If you work as a freelancer based on one skill, you will no longer have to depend on one employer for income, but will be able to accept jobs from many different employers. For example, if you are good at social media marketing, it will help your business sell more and more. The provision of digital services is acceptable for many businesses. In addition, this method of making money does not depend on time, so you can earn a lot of money according to your skill level. For example, if you become more proficient at completing one job in an hour, you may earn three or four times as much after completing three or four hours.
In addition, making money with skills has become quite easy to transform into a self-employed business. I was able to easily transition from working as a Training Manager in the workplace to a company that provides my own training services. In addition, the more skills you have, the less likely you are to have an income limit. Again, there is no time limit and no labor limit. For example, exchanging labor for money can not make money when you reach the age when you can no longer work, but the skill is that the older you are, the more experienced and skilled you are, and the more you earn.
An ophthalmologist I have met is very good at removing cataracts, so he does about 30 cataract surgeries a day and earns hundreds of thousands of $ per operation. These are just some of the goal setting shareware that you can use.
In addition, the more skilled you are and the more famous you are, the more people will trust you and your professional fees will increase. There is a story that everyone has heard. When no one can fix a broken engine, it would be nice to have someone look at the engine and fix it all at once. The price is said to be ten thousand dollars, so is it not ten thousand dollars for the owner to fold it? It costs a hundred dollars to fold. It costs $ 9,900 to figure out where to turn and how to fix it.
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The highest level or how to exchange money for money?
If you can exchange money for skills, you can have a relatively rich life. However, your skills may become obsolete due to technological changes. For example, in the past you had to learn to type to get a well-paid typewriter job. But with the advent of computers, typewriters have become a thing of the past, and typography has become a thing of the past.
The only way to exchange money for money is to make money at any time and under any circumstances. Invest more money and make more money. It is the ability to do it. In other words, you can get the money back. To do this, you need financial knowledge. Many investment practices are required.
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There are different levels.
For some, it may be a combination of labor and time. There may be hybrids that combine both time and skill, such as exchanging money for labor and skills, but the amount of income is often many times greater than exchanging for a single one. For example, if you work in the morning and in the evening as an ordinary salesperson, you will only get the salary of an ordinary salesperson. But with good salesmanship, you can earn more incentives and bonuses as soon as you get to work in the morning and in the evening.
Combined with another skill such as sales management skills, you can become a sales manager. In that case, the sales manager’s salary will be hundreds of thousands of $ different from the average salesperson’s salary as soon as he leaves the office in the morning and leaves in the evening.
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Skills can be Combined.
As mentioned above, the average salesperson should be able to trade his / her time for money. When combined with management skills, revenue increases. In the same way, if you can combine various other skills as needed, you can increase your money-making ability. For example, I have the skills to teach well and understand the other person. Combined with a few technical skills, you can make video editing and online training. When these online trainings are combined with marketing skills to get students involved, they start earning a small amount of money online.
So you need to find out what kind of skills you can combine to increase your income. You may be reading this post and you may be using labor or time-exchange methods to make money right now. If you are looking for labor and money, you should try to replace it with time or skill. For one thing, there is no need to be discouraged by the exchange of labor. Because the workforce can be moved beyond the skill level. For example, a person who has to work hard in a car repair shop and earns a living, but if he acquires a car mechanic’s skills, his income will increase, which is a sign that he can jump from labor to skills.
In order to earn money in life without worrying about money, you need to have at least a level of skill and money exchange. From there, we have to move to a stage where we can exchange money for money and increase it. At this point, I think I have a good understanding of my theory of KHS’s Market Model. Adequate knowledge can easily overcome serious difficulties.
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