Earning an income by exchanging your time for money is such a part of our culture that people seldom question it.
Hourly rates, hours worked, or salaries dominate conversations about earnings.
But things are changing, and it’s about time!
With the progress of technology, there is an increasing amount of ways to earn other types of income without working set hours.
These ways let you spend more time with your family, travelling, or doing whatever it is you want with your precious days.
Yes, I'm talking about Leveraged Income.
As a mother, leveraged income has been a game-changer for me – and it can be for you, too!
Read on to get the lowdown on what leveraged income is and why it's the perfect option for motherhood.
What Leveraged Income is, And Why it's Perfect For Motherhood
💰 Traditional Income vs Leveraged Income
The traditional income model involves doing well at school, getting a job, then putting in 40-hour workweeks for the rest of your workable life.
If you're lucky, you can eventually make enough money to pay off a mortgage, have regular holidays and retire comfortably.
But for many people, that full-time job is going to be where you spend most of your life.
You earn traditional income by trading your time for money. You must be physically and mentally present in order to trade that time. While you might get a few weeks off every year, you need to continue doing it endlessly to survive.
Sure, you can work your way up, getting promotions and salary increases along the way. But still, you have to continually show up to get paid.
Earned income is the ball and chain you didn't even know you were dragging.
Leveraged income breaks this earning model apart.
Create the product once, then sell it multiple times.
You spend your time creating and selling the product, not continually delivering it.
The money keeps coming in even when you are not actively working.
Sound too good to be true?
But, you need to go into it with open eyes.
We are not talking pyramid schemes or winning the lottery here! After all, we still have to hustle.
You need some kind of expertise to share, and some knowledge of sales and marketing. Depending on your product, it can take some time before you can generate a decent income.
Some practical examples
Let's look over some practical examples of how you can make leveraged income.
Remember, these are things you only need to create once but can sell multiple times.
Digital products are a great example – things like ebooks, stock photography, a song, digital templates, a how-to guide, a recipe, graphic templates, printables, etc. etc.
The list is endless.
You just need to keep in mind that it must be useful and valuable for your audience.
Creating and marketing a product that solves a problem and is valued by your ideal audience takes time. But, once you've created it, you can sell it over again with minimal input from you.
Online courses or online group coaching programs are also a fantastic source of leveraged income.
You create the course or program once but deliver it to multiple people. The online course is the best source of leveraged income.
Why Is it Perfect For Motherhood?
I firmly believe that leveraged income is the answer to finding financial freedom in motherhood, without having to maintain a 40-hour workweek.
Being a mother is demanding enough. Even more so committing to full-time or even part-time work. Consequently, it requires a juggling act that is difficult to perform.
Time and flexibility are two things every mother needs more of – and leveraged income provides you with both.
You have the flexibility to create and nurture your products from anywhere, as you can design your workday around your needs – rather than the other way around.
It's the perfect chance to challenge yourself. Get your mindset into a great place and then get to work on your new income stream.
You don't have to throw away your career!
Leveraged income allows you to put your existing expertise to use. In such a way as to either create the product or as part of the product itself.
Plus, you have the freedom to choose to work on stuff you love; stuff that has meaning to you.
Then, of course, there’s the money side of it.
Having a family is expensive. Traditional incomes is capped by the number of hours you can work.
Not so with leveraged income: the only limits are the amounts of profitable products you can sell!
If you are over the eternal struggle of swapping your precious hours for money and being torn between work and home, creating a leveraged income stream is the ideal option.
If you’d like to know more about how it works and how to get started, download my free Guide To Motherhood Friendly Leverage Income by clicking on the image below.
[…] digital assets that you can sell (leveraged income sources include: ebooks, digital calculators, apps […]