How to Earn More Money While Working Less Hours

Would you like to work fewer hours and earn more money at the same time?

For most of us, the idea sounds about as unlikely as winning the lottery. If that's you, please stick with me, it's not as crazy as it might sound...

Take a second to see if you can complete this sentence for me...

"Study hard, go to college, get a degree, so you can...(?)"

If you answered, "get a good job" you listened well while you were growing up.

The problem is that this method of thinking is what actually prevents most people from earning more money and working less.

If you're working at a job, you can only earn more money in 2 ways:

1. Working more hours

2. Getting a pay raise

Unfortunately, getting a pay raise also usually means more responsibility and more hours at work.

So what's the big secret to earning more money and working less hours?

The short answer is: Have something else do the work for you.

Don't worry, there's nothing underhanded or illegal about this.

There are two basic ways that you can work less and earn more:

1. Start a business that earns money whether you're there or not.

Any business that you own that is run for you by other people fits into this category. A good example would be the franchise restaurant McDonalds. Owners of these types of businesses earn money day and night whether they're on the job or not.

If you don't have the money to start a full time business or franchise, start something part-time and build it up slowly. Some great examples would be starting a service business in something your good at, or starting a website or blog that makes money from advertising. SiteSell has an excellent service that will help you make money by sharing what you know online.

2. Have your money earn more money for you.

The nice thing about money is that it never gets tired. It can work day and night forever and ever. Take advantage of this and start investing. Get your money to start making more money for you.

Investing doesn't have to be scary. It just takes a little bit of research. If you look at the history of the S&P 500 index, from January 1st 1975 to December 31, 2007, the average return was 10.74%. If you had invested $100 a month in this index over that entire period, the total amount of money you would have put in would have been $38, 400. However the total value of your investments would have been over $337,000.

That's quite a bit of money for hardly doing any work yourself!

You can work less and earn more.

Take the time to start building your new business and your investments. In the future they can earn the money for you while you spend time doing what you want.

I invite you to learn more about how to get rich by checking out the related articles listed in the table below. Or you can check out our full list of articles on how to get rich.

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