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Do You Need More Time or More Income?

February 25, 2015

Not too long ago, we conducted a brief survey for our website visitors here at to determine what types of financial education materials and information that they were looking for. As I have often said, there are really four kinds of people when it comes to financial matters.

Do You Need More Time or More Money? |

1. Those with more money than time.

2. Those with more time than money.

3. Those with plenty of both.

4. Those with neither time or money.

Which one would you say best fits you?

The results of our recent survey indicated that more than half of our readers find themselves in the second option: More time than money.

In fact, here’s how the statistics broke down.

59% said that they had more time than money.

29% said they had more money than time.

10% said they had plenty of time and money.

And the remaining 2% said that they had neither time or money. Time vs. Money Survey Results

I believe that it is vital in this current economy for you to cultivate multiple streams of income.

Life is filled with uncertainties. People lose their jobs all the time. Government and corporate pension plans are under increasing amounts of pressure and some have simply imploded due to poor fiscal management. And anyone who can read between the lines knows that the entire Social Security system is a ticking timebomb.

So, whether you need more time or more income, you should find some good ideas below.


Some people may find it difficult to sympathize with those who have more money than time. However, it is a mistake to think that people in this category actually have plenty of money. Instead, it is usually closer to the truth to say that they are trading their time in order to maintain a lifestyle. This is actually a problem that plagues many executives, professionals, and especially small business owners.

People in this category often love their work. The problem is that their work requires the majority of their time which leaves them with very little free time to pursue outside income streams. Others in this category may not particularly care for their work, but it pays the bills. And besides, leaving a good-paying job in this economy can be a very uncomfortable thought.

So what can you do if you find yourself in this situation of having very little time to devote to creating multiple streams of income?

Focus on becoming a good (or a better) investor. One of the best things you can do if you are wanting to create more financial security without a lot of free time, is to commit yourself to gaining an education on investing. One of the best decisions I made early in own career was to learn the basics of investing. Fortunately, there are many good books and websites on the topic.

Years ago, when I had a “real job,” I would always turn my car ride to and from the workplace into a financial university. I would go the public library and check out a financial audio book and listen during my commute. Take advantage of the many free resources available. One of my favorite websites on the basics of investing is Check out some of their free investing tutorials here.

Consider Stock and/or Option Trading. While you may not have time to sit around watching and trading the stock market all day long, you could certainly consider doing some swing trading.

What is swing trading? A swing trader is someone who buys a stock (or any financial instrument for that matter) and holds it anywhere from four days to four months before selling for a profit.

Unlike a day trader, swing traders learn how to read the markets (mainly charts) and attempt to exploit market trends. We do a lot of swing trading in the membership area of our website. We provide a daily trading alert and trading education for a very small price.

Swing trading is a really great (and fun) way to earn some extra income when you don’t have a lot of time. I have been trading for years and love sharing my knowledge with our subscribers. If you are really serious about trading, and want to replace your full time income with trading, you should consider powerful stock trading software. We call it Trigger Trade Pro. You can learn more here.

I often get asked what services I use when it comes to online stock and option trading. I have used almost all of the major online stock brokerages. I used to like Scottrade a lot, but then ETrade made some updates and made trading in global markets very easy. So I switched to Etrade.

As far as supplemental trading education, I have always enjoyed the educational and trading tools over at INO’s Marketclub. They have a great and in-depth charting software. And they use something known as trade triangles which literally shows you when to buy and when to sell. The green triangle means “Buy” and the red triangle means… you guessed it, “Sell.”


Start an online business. I love working from home. I started my first company over 15 years ago and have been running my own businesses ever since. Today, it is easier than ever for someone to start their own online business. To get started, you will need your own website. To create your own website, you have at least two options.

1) Have someone build the website for you. (Cost: $500 – $5,000)

2) Create your own website with WordPress and pay for hosting. (Cost: Less than $6/month)

Since I have done all of the above, I can tell you that option 2 is a much better route for the average beginner.

To create your own website with WordPress, you will first need to select your own website name. These are known as domain names.

Let’s say that you decide to start a website called You will need to buy that domain name. I have bought over 100 domain names over the years and I now buy all of my domain names through my own hosting company called Dirt Cheap Web Hosting.

Next, you will need to buy a web hosting plan so that the world can find your new website. Again, I use Dirt Cheap Web Hosting. (Be sure to use promo code “DC15” to save 15% on any order over $25.)

Then, you will need to install WordPress and select a free website template. Then you are ready to start writing articles, creating content, and spreading the word about your new website.

Again, this method will cost you around $6 per month. While this may seem cheap, you will inevitably need to buy some tools and services to grow your online business. The idea of “build it and they will come,” may have worked in the past. But today, there is stiff competition online and without investing time and money into gaining certain skills and knowledge, it is unlikely you will succeed.

That is why I strongly suggest that if you are really interested in starting your own website or your own blog, and your purpose is to make money online, you should contact our office and let us know. We can provide you with some much needed guidance as we have been successfully making money online for over a decade.

One of the most powerful ways to earn income online is to partner with a company and promote their products and services. In exchange, you will receive a commission. Thousands of people all over the world are making a good living through affiliate marketing.

So the goal with affiliate marketing is to create one huge website with lots of traffic or lots of little mini-sites devoted to specific niche topic, each with less traffic.

This is a very big topic. And it can be quite lucrative if you know what you are doing. 

If you want to learn the basics of affiliate marketing and actually begin earning a serious income, I highly recommend this internet marketing school.

My best wishes,
Jerry Robinson

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