Initially when I saw this title I was skeptical about anyone pursuing a deferred life plan, and just working 4 hours a week while pursuing financial abundance. Seemed to good to be true, or like it would only apply to a really small percentage of the population, and that I wasn’t included in that minority.
The problem with my initial assumption was although I had heard of the 80/20 principle, I didn’t entirely understand how to apply the revered ‘pareto principle’.

Could one really work less, earn more, travel the world at their leisure while while growing a business and getting further and further ahead.
The answer I have come to is yes and no…

YES if you start deferring the TIME you spend in your normal nine to five into residual income producing businesses and opportunities.
NO if you plan to stay in the corporate daily grind trading your time for dollars. What I have realised is that profits and wages are not the same, and a dollar earned for a unit of time is vastly inferior to a dollar earned from a business or system.

Once setup properly, your business can operate daily only requiring minor adjustments from yourself to steer the course, and continuing to drop nice sums of money into your bank account.
How do you start moving away from trading time for money, and start putting time into a business that will continue you to pay you over and over for an initial amount of time spent setting it up?? Here are my top tips now that I have started to join the nouveau riche…

1) Research and find one opportunity that meshes with you and others in your position have succeeded in, and promise to yourself to work it for at least 6 months with 10 hours a week (you might have to give up some tv time for now) until you begin seeing the results. The hardest part is always the start. It takes more thrust to get a jet off the ground than it does to cruise at the speed of sound high above the Earth.

2) Use the Pareto principle. Focus your time on the important stuff. 80% of your income comes from where you spend 20% of your time, so focus your time on that magical 20%. For me this is not ‘designing graphics’ and picking out stationary… it’s contacting partners and potential buyers, researching advertising, writing copy and generally the stuff we put off.

3) Outsource the menial tasks. Tasks like customer support, website maintenance and designing brochures graphics do not bring income in, so outsource them! Sites like elance, agentsofvalue.com can help take care of the day to day running and ongoing maintenance tasks. You focus on expansion and making money.

4) Don’t wait until you think you are ready. Go out and be bad at whatever you have decided to do. It is better to get started and be bad at something than to wait until you are good and never get started. Suck at something so bad until you become proficient at it. Don’t live in fear about this one.
Of all these I would say 1 and 4 are the most important. Find something you will love doing and look around. If you are unsure about where to start with a great home business opportunity, use the free home business finding service WORK FROM HOME MATCHUP

Now kick some ass, and think big!

With your own home business in New Zealand, you can give yourself a promotion and work when you want.

Home business matchup helpsyou find an ideal homebusiness that suits you, available in your location. It’s what we do.