What is the velocity of money? It is is defined by Investopedia as “a measure of the speed at which money is exchanged in the economy.” It is also described as “the number of times that money moves from one entity to another,” or “the speed in a direction.”
Velocity of money usually applies to businesses, but it can be applied to us individuals as well:
How often do you get paid? Every 2 weeks? Two times per month?
Yes, getting paid every 2 weeks is the standard, but why wait 2 weeks to get paid? What if the speed and velocity of money coming BACK to you was increased?
We are now living in a digital age:
- Send a text to someone and they receive it instantly.
- Go live on social media and it can be seen by millions.
But we are supposed to be content getting paid every 2 weeks? Thanks to inflation, prices on your favorite items can go up 3-4 times before you get paid.
How fast do you make money? Now is the time to discover ways to make money every 2 DAYS.
It’s time to increase YOUR velocity of money.
Society has conditioned us to accept getting paid 2 times per month, or once every two weeks. If we’re lucky, we’ll get an extra check that month because the month has 5 weeks. Most people are fine with this arrangement, but they don’t have to be. Instead of waiting to get paid every 2 weeks, it’s time to learn how to start getting paid 2-3 times a WEEK.
Multiple streams of income and passive income are keys to to financial success.
How many of us have gotten paid Friday and broke by Saturday? How many of us have considered getting a 2nd (or 3rd) job to keep up? Working yourself to death is NOT the way to get ahead. There’s a better way.
Passive Income Strategies
Here are some great ways to generate passive income, and receive income weekly or even daily:
Rental property is one of the best ways to increase cash flow. In addition to residential living, leasing business space for laundromats, car washes and other businesses are viable options.
Online business/Drop Shipping
The internet is big business. Online retailing is here to stay. Setting up an online store is a great way to generate cash flow daily. With drop shipping, items are purchased from you, but delivered from the manufacturer, thus eliminating your need to hold inventory. Honorable mentions include monetized websites, being a social media influencer and selling merchandise from your website or blog. For more info on drop shipping, check out Shopify.
Who hasn’t used a vending machine at least once in their lives? One vending machine can generate $7k annually. Get 10 vending machines and you could make $70k per year from people simply buying microwave popcorn, chocolate, and soda. Get more info on leasing vending machines HERE.
Writing books is an excellent way to generate income. By selling your books online, readers all over the world have the opportunity to purchase your eBook, audio or paperback books.
Order copies of my books From Passion To Profit: How To Make a Living as a Writer, and Invest For Success: Millionaire Wealth Strategies Not Taught in School. Available on Amazon.
This is when you promote a product or service on your website, and each time someone purchases that item, you receive a small commission. Companies like Amazon and Shopify have popular affiliate programs.
By allowing companies the opportunity to advertise on your website or blog, you can make money each time someone simply visits your site. In other words, the more visits you have to your site, the more money you can make. The best part? Site visitors don’t have to spend a dime and you still make money. Google and many other companies have good monetized programs available.
Here is more info about the velocity of money.
Call To Action
The most important money lessons are not taught in school or in mainstream media. It’s up to you to change your mindset when it comes to money and learn how to generate that passive income. That means being proactive and seeking this information yourself. Many times, its hidden in plain sight.
The days of relying on one income to survive are long gone. That doesn’t mean getting another job, it means to learn how to make money while you sleep.
Don’t work for money, discover how to make money work for you!
Get more tips in my online course Tired of the 9-5? How To Retire Early With Passive Income. Available on Udemy.
This is an important lesson for kids too! Introduce your kids to these terms and concepts in my book Planting Seeds: The Children’s Guide to Entrepreneurship. Also available on Amazon.