Do you have beach money? Tuesday, October 21st @ 2:04 AM With all the talk about the down economy, there is one group of people who stand out as "not participating" in it and not worried about it either. These folks have created what my friend Jordan Adler calls "beach money". Here's an excerpt of a conversation I had with Jordan in August.
Just what is "beach money"?
Well "beach money" is really just a metaphor for creating a passive residual income that allows you to be anywhere and work anywhere and enjoy life on life's terms versus having to be tied down to a job or traditional business that requires you to be there to make money.
It gives you the ability to work once and get paid hundreds of times. It is non-linear income versus linear income. Linear income you have to be there to make money and non-linear income is residual income. It comes in whether you work or not. You get paid for what you start versus what you do . And that is really what "beach money" is.
For some of us, we want to be able to spend time on the beach and other people want to spend time in the mountains. Some people like to spend time on the golf course. Some people like to spend time at home with their family. This just gives you the freedom and the flexibility and the choices that traditional linear income does not.
What are some ways to create "beach money"?
Well there is a lot of different ways to create "beach money" and the first thing is getting your mind there where you can begin to not just believe it is possible, but to actually know it is possible for you. A lot of people immediately brush it off as either, A) it really isn’t true. It really doesn’t exist for the average person; or B) they don’t believe they can create it. I have been in both of those places, as I think most of us have. And so the first thing I think is really beginning to adopt the idea that it is possible for you. That comes through a lot of different ways. I mean one might be getting around people that have already done it. And there are literally hundreds of thousands of people, possibly millions of people that already have ‘beach money’ around the world. So the first thing is to seek those people out and spend some time with them and that was how I got…you know the first time that I really began to believe it was possible for me was when I got around a group of entrepreneurs. I got invited to dinner where there were a handful of people…I think about eight people sitting around the table and all of them had true passive residual income and lived the life of their dreams and I saw in them myself. I saw that I could do it. That is the first step.
If you'd like to know more about creating "beach money", let's talk. In today's economy, it is more important than ever.
If you'd like to purchase a copy of Jordan's book, I'd recommend you head over to his web site . Proceeds of his book are benefitting Kiva.org .
Tim Fahndrich is the President and Chief Relationship Officer with the Third River, Inc. He is passionate about people and relationships and loves to help businesses harness the power of the web to leverage their time, build stronger relationships, and grow their business.
Blog comments do not necessarily reflect the views of Tim Fahndrich and The Third River, Inc.
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Do you believe in me? Sunday, October 12th @ 2:27 AM With so much negative news these days I found this video to be inspiring and challenging at the same time. The question is asked, "Do you believe in me?". Watch as this young speaker delivers a fantastic keynote address by asking that question.
As a parent and coach it is my responsibility to believe in my kids and my players. This video is a great reminder of what a little bit of belief can do, and how important it is to pass on. Imagine if more young people and adults had the confidence of this young man. What a difference that would make.
I hope you enjoy it.
Tim Fahndrich is the President and Chief Relationship Officer with the Third River, Inc. He is passionate about people and relationships and loves to help businesses harness the power of the web to leverage their time, build stronger relationships, and grow their business.
Blog comments do not necessarily reflect the views of Tim Fahndrich and The Third River, Inc.
add a comment
