How to you create a cash machine either as side income or to be a main income? I can share with you a bit more in this article. As I write this, the biggest news is Michael Jackson’s death. Just in my last article title Rich and Stupid, there is a large picture of Neverland and I wrote about stars and super stars who are less than stellar when in comes to managing their money. I always maintain that it is not how much you make but how much you keep. Well, for MJ or others alike, it is not easy to hold onto money once they’ve made it. The saving grace for MJ is half the rights he hold on the Beetles’ song which are worth a ton of money. Besides that, I quite sure his family or executor or whoever will think of a way to build a lasting legacy aka like what Graceland did for Elvis.
This brings me to the topic at hand
on creating a cash machine for yourself. For people like singers and entertainers, they, their name, the songs they write and sing, become “software” or intellectual property that is worth money. And the great thing about such intellectual property is that once it is created, it keeps on generating money over a long period of time. Another example at the moment is the Transformer movie franchise. It is going great guns with T-shirts, drinking bottles, toys, pencil holders, you name it, you have it with images of Transformers in all shape and sizes. Then there is the evergreen Star Wars franchise. Even more amazing. I wanted to create a site with Star Wars theme and everything is create and copyrighted. From the characters, the famous X-Wing, Millenium Falcon, Darth Vader, everything was created out of the mind of someone. But you say, I’m not Michael Jackson, not even close to Spielberg. That’s true but you still can create.
As an example, this site and several others I write on, becomes my intellectual property. Sure it is not even a tiny drop compared to MJ but still it brings in some dough. It is my first blog and not even that focused. And I didn’t have a framework to blog when I first started. Some of my other sites which are more targeted do generate decent money for me. Now, if you are keen to consider starting a side income initially and later turn it into a cash machine, I highly recommend you check out this course. Now the course is not for everyone. If you think you can just sign up for the course and start to make money, then forget it. It doesn’t work that way. You have to take action and create content either by writing, creating podcast or interviews or video. It take work so forget get rich quick.
If you are prepared to work by work, I mean creating content, and assuming you can connect and build up an audience, then you will earn money. More important than just earning money is to build an asset for yourself over time, that you control.
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