Currently, most modern monetary systems are based on fiat money, after all money is life. However, for most of history, almost all money was commodity money, such as gold and silver coins. As economies developed, commodity money was eventually replaced by representative money, such as the gold standard, as traders found the physical transportation of gold and silver burdensome. Fiat currencies gradually took over in the last hundred years, especially since the breakup of the Bretton Woods system in the early 1970s. To learn the Golden Rules of Acquiring Wealth, click here for free report.
Would you like to make money, money equals happiness after all, even when you are not at work? The secret is to design a business at home that will continue to pay you even if you stop working. This is what’s called residual income. You can learn how to make a money tree that, once cultivated, continues to make you money with just a little bit of maintenance.
Is residual income just a foolish dream? There are many enterprising people that turned their dream of earning residual income into reality. They learned how to make a money tree by understanding the business models available about creating residual income. You can also start learning these principles and start making your own residual income.
Writing a book is one of the most popular techniques of creating residual income, but there are many types of products that you can make such as software programs or even a physical product. The secret ingredient is to design your business of selling your product to be as automated as possible. One of the best methods on how to make a money tree is to set up your business so that you don’t have to continue working as hard later.
Create a professional sales page to share lots of information about your product with your prospective buyer. Brush up on your marketing skills and remember to automate the system as much as possible. Learn how to make a money tree and you will make a system that will sell your work even when you don’t.
Once you do develop a book or product of your own, you can get your own sales force by starting your own affiliate program. The affiliates you recruit will refer customers to you and you compensate them through the sales they generate. This is another great example of residual income. Learn how to make a money tree and you will have the knowledge to build another on top of another until you have an orchard of money trees all earning you multiple streams of income. You could be living your dream life so learn how to make a money tree as part of your personal finance education!