Earning an income by exchanging your time for money is such a part of our culture that people seldom question it.
Conversations about earning are dominated by talk of hourly rates, hours of work, or salaries.
But things are changing, and it’s about time!
With the progress of technology, there is an increasing amount of ways to secure an 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 Is Leveraged Income And Why Is It Perfect For Motherhood?
💰 Traditional Income vs Leveraged Income
It's embedded into society that we leave school, get a job, and work a 40-hour workweek just to get by.
If we're lucky, we can eventually make enough money to have holidays and retire.
But for many people, that full-time job is going to be where you spend most of your life.
Traditional income – known as earned or linear income – is when you get paid per hour to do something.
It requires your presence (either online or in-person), and while you may get a few weeks off per year, you're tied into that for survival most of the time.
Sure, you can work your way up the chain, getting promotions and salary increases, but you're still committed to showing 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.
At its essence, it involves creating something once and getting paid for it over and over and over again.
While you still have to put in some initial work to create a product or service and market it, once the legwork is done, you have earned your freedom.
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; there is still some hustling to be done.
You will need knowledge of sales and marketing and some degree of technical expertise, and it may take some time before your product/s generate an income.
Examples Of Leveraged Income
So, now that your curiosity is piqued, let’s get to the juicy bit and go 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 it’s done, it can be sold over and 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.
Why Leveraged Income Is 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, and committing to full time or even part-time work 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, and you can design your workday around your needs, rather than the other way around.
It is the perfect chance to challenge yourself.
Leveraged income allows you to put your existing expertise to use – either to 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 kids is expensive, and traditional incomes from regular jobs are limited by how many 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.