If you’re like most people, you know that investing is a great way to build wealth. However, most assume that you need to be rich to get richer. But there is another way. It is what entrepreneurs do without initial capital to get ahead.
Sweat fairness and perspiration gain
Have you ever heard of sweat equity? Sweat equity is the contribution we make to a project through our own efforts, rather than buying a share with our own money. Sweat equity could also be the value we add to our property, but we are not talking about this type of sweat equity. I bet you have a lot of that kind of sweat equity, but the problem is that it won’t pay you dividends until you sell your house. Sweat equity investments can not only be lucrative, they can yield much higher returns than equity investments. However, there is a catch, you only have so much time in a day. This is why it is so important to focus your sweat on things that will not only bring you income now, but will continue to do so more in the future.
Sweat equity is the effort that adds or produces an asset
Most people think that an asset is only bought. But that is not the case. Here is a list of cash-producing assets that can be built with sweat.
- writing a book
- Write a song or an album
- building a product
- Creating an educational training course
- building a network
- Building a customer base
All of these things can be built with sweat and can continue to pay you long after you’ve done the work.
The rich get richer and the poor get poorer, they say. I used to believe that when I was working for someone else. That was the second dumbest thing I ever did. The dumbest thing was applying for the job in the first place. Once I had access to the finances of the company I worked for, I discovered that smart people get richer. Others welcome a pay raise to cover inflation.
It’s time to have a plan B
Employers have moved away from the idea that an employee is a long-term asset to the company, someone to be nurtured and developed, to a new notion that they are disposable. Before the boss gets rid of you, you must find a way out of the relationship.
Don’t be fooled into thinking that the boss loves you for what you do, or that the company plans to keep you comfortable forever. That only happens today to horses that gave their best. You are where you are because you are a money-making machine. The only problem is that you are not making any money for yourself.
Building a network and customer base
We are not best-selling authors, musicians, product inventors, or educational thought leaders. All of these ways of using sweat to build equity require talent. However, we do not require any special talents because all you need to do to start investing with your effort to generate capital is to build a network.
Anyone can build a network.
In fact everyone already has a network. They simply don’t have a vehicle to turn that network into a cash-producing asset. If you want to learn how ordinary people like you are taking advantage of the power of networks to have more time, earn passive income and make their own hours.