Why should I look at a home-based business?

Why should I look at a home-based business? I just heard on the news today that businesses (specifically in the Phoenix, AZ area) are not quick to hire anyone and for those positions that are open, instead of looking for someone who can be either molded or can create the job, they are looking for someone who will fit into a pre-determined box they call a specific job task. If the candidates resume does not fit within the box, the employer will not even call the job-seeker in for an interview. Because there are so many people looking for work and there are much fewer jobs available, employers have the luxury of picking and choosing candidates. Not only can they choose the specific qualifications of each candidate, but employers are also able to define what they want to pay for that particular skill-set.

Please don't get me wrong. Working for someone else is not a bad thing, it is just not something that most people will do if they want to become financially independent. I have yet to meet one person who worked for a company or organization and became wealthy just from working for that organization. Your wealthy workers were those who found other uses for the money they earned. These people took the money that they worked hard for and then started making that money work for them. By the end of their working time with an employer, their money was making money and they had no more need for trading their time for someone else's money. That is why many people, when coming upon retirement age, find that they cannot retire when they wanted and live the life they had dreamed.

The key here is to find something to do with that little extra money you keep putting aside. Putting your money in a bank savings account is good, but the interest earned on that money is minuscule compared to what you could earn with other investments. I am not about to give any of you investment advice on where to put your money, but am here to suggest that you start looking for additional ways to earn an income. Going back to the job situation again, even if you are gainfully employed, there is no guarantee that tomorrow your current company will let you go, either due to down-sizing or other issues. In today's work environment, companies are looking very hard at their bottom line and may decide to let go of their higher salaried people because they can obtain the same skill-set for less money because there are so many unemployed people out there.

By starting to get your money to work for you, you will free yourself up from the "rat-race" of trying to make a buck - trading your valuable time for their money. Once you start having your money work for you instead of you working for your money, you are starting on the road towards financial freedom. Eventually, it is entirely possible that your money will be earning enough that you won't have to worry about working for anybody else. That is the true form of financial freedom.

So, as you continue to save a little bit here and a little bit there from your regular 'job', think about how you are going to get your money to work for you. You may decide to try your hand in stocks and bonds, or you may try real estate, or there are some very profitable home based business out there that can also become self-perpetuating. Be sure that the money you do start to invest is something that you can afford to lose if the investment does not pan out. As we have discussed in prior Millionaire Focus articles, many of those millionaires have put money into investments and lost the investment. But, they kept looking for other investments to get into. They continued to find ways to make the money work for them, not the other way around.

If you are interested in some home-based business opportunities, please check out our website. We also have some ideas for starting your own waterless car cleaning business if that is what interests you. If you would like to discuss other investment ideas, we are here to talk to if you want to bounce some ideas around. No matter what you decide, find something you love that will also help your money to grow at a faster rate than you would find in basic bank savings and CD accounts. These are some reasons why you should look at a home-based business.

Until tomorrow...