Glad you are getting motivated about stopping the fruitless cycle of trading time for money. Starting one’s own business isn’t easy but it is possible, as I am a testament to that reality.

You must be able to self motivate and strive on even where is no immediate payoff. Because your business is your own, the potential financial rewards are great, but the sacrifice of time and energy is very real. Online businesses tend to have substantially lower start up costs, but the business is also extremely competitive due to the very low barriers to entry. This means any one with a computer and Internet connection can start up numerous web based businesses at will without substantial effort. Making the online business start up a successful operation is more difficult however. But if it’s your dream to make it happen, don’t stop – keep fighting to make it happen!

The greatest joy of online businesses is the passive nature of their income generation potential once you have made it big. The initial build up stages require a tremendous amount of time, effort, and personal sacrifice, but when you’ve finally made it, the income streams seem to flow in without much further effort on your part – the very definition of passive income.

I yearn to start my own business and bring this cycle of trading time for money or hours for dollars as you put it. But starting one’s own business is not easy…oftentimes it requires substantial capital investment – something I don’t have at this point. I would have to borrow from family and friends for such a large investment in a franchise business for example. I have thought about starting some type of online based business but I don’t know what someone without any special computer training could whip up in that department. And this damn economic recession still hurts and isn’t help!

But I must stop trading hours for dollars!!!

I work on my personal finance blog site part time while I hold down another hour intensive part time job. Sometimes I feels like I’m holding down two full time jobs if that makes any sense. Passive income generating through websites, blogs, and cash flow projects is a highly recommended way for long term financial prospects. You absolutely must be disciplined to prosper in the future. All of the hard work you put in today will likely pay off the in the distant future. While you may not see the fruits of your labor for some time, your future self will be grateful for the efforts you put forth today.

It’s important to stay self motivated and not let the lack of present day passive income success or support from your peers/family deter you. Keep your eyes on the prize – future success – and you’ll prosper in the long run.

My question for you is, do you have any tips on working on passive income (website, blogs, companies) while holding a 40-50 hour a week job? It seems like I rarely have time for that. I have many inspirations and plans for my site, but the last thing I want to do after working in front of a computer most of the day is go home and do the same.