About Wealth Domain
admin
Hi, my name is Simon. I’m in a professional career and a part time internet entrepreneur, with a passion for creating wealth. Firstly, creating wealth does not only mean revenue. Being wealthy means a lot more than just having money in abundance. It is the combination of having money and time to spend on the things that makes you happy such as fitness, quality time with family and friends and so much more. Also, the ability to help others achieve and realise their goals. I live by the following motto:
“Vision without action is merely a dream, action without vision just passes time. Vision with action can change the world”
My Story
My journey started a few years back, holding a very good job. My career started well and I enjoyed the challenges associated with the professional nature of my profession. However, it quickly dawned on me that I was now part of the collective, working for an organisation and being one of the worker drones. To succeed, I needed to work harder, put in more hours and deliver more than my fellow colleagues to ensure that I climb the corporate ladder and be in-line for the next promotion.
This realisation led me to a path of personal growth and learning, which all started when I read Robert Kiyosaki’s book called “Rich Dad Poor Dad”. Many other books in regards to wealth, money, owning a business, stocks and bonds etc. followed. In Robert’s book (and many others), it clearly stated that if you want to be wealthy, one needs to develop multiple income streams called passive income. Passive income is defined as money being earned, with minimal effort to maintain the income stream. Typical examples includes (not limited to):
• Interest on money,
• Stocks and bonds,
• Rental income,
• Network marketing,
• Internet sales.
My efforts started with rental income and I am still continuing with this. A good passive income opportunity was created and I’m definitely benefiting from income without much effort. I was however limited by the amount of money that I could borrow to buy the additional rental property and this was limiting my income potential.
The second passive income stream that I generated was through the stock market. Profit is currently being earned by means of dividends and stock growth, however, I must admit that my income attempt through stocks was not nearly as successful as the rental property. The challenge is that buying stocks do require a lot of time in order to do adequate market research on the stocks being bought. As with rental property, I was also limited by the amount of money that I had available to invest. I was not prepared to make debt in order to obtain money to invest in stocks and would not recommend that to anyone when limited time is available for market research.
It was quite clear that other passive income streams was required since my total earnings from my career, rental income and stocks were to slow for my liking. The third option then, was to start my own business. I was however to scared to take the plunge, resign from my day job and live without the monthly guaranteed pay check while setting up a business, which statistically will probably fail considering that more than 60% of start-up business end poorly.
The third passive income stream therefore had to be a part time option with low risk. I then turned to the internet, finding thousands of opportunities with promises of quick riches, guarantees or being the next big thing. They all LIED! Money was invested but I quickly found out that the Internet is a mine field if you do not know what you are doing. Also, internet traffic is quite important!
Making money on the internet is possible. However it can be extremely difficult if you are not familiar with the inner workings of the internet. My brake came from the Wealthy Affiliate community. Wealthy Affiliate was created as an initiative to help other people succeed online in the same way that the developers had already experienced success. Since 2005, the platform at WA has continued to evolve and innovate at a pace that is faster than the industry.
At Wealthy Affiliate, one is taught how to develop your own niche market, build a website, how to attract visitors and to earn revenue. It is a game changer, and anyone can succeed. Best part is that it is completely free to join. Do not wait, take the plunge with me and succeed in internet marketing.
If you ever need a hand or have ay questions, feel free to leave them below and I will be more than happy to help you out.
All the best,
Simon
thewealthdomain.com
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