How to Earn Money Online and Live Like a King

by Derek Sall on August 19, 2013

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Make Money Online
Do you currently earn your money by going into work and punching your timecard or do you earn your money online?

Even if you work the exact same amount of hours online as you would have if you had a job (and made exactly the same amount of money), you would have a much greater possibility of becoming wealthy as an entrepreneur online. You might fight me on this, but just hear me out – let me explain.

My Current Job

Right now, I split my time between working at a corporate headquarters in Michigan and plunking away on my keyboard in my home office. I’m fairly new to my job, but I can already tell that I am well-liked and am primed for advancement in the company.

In fact, my boss often says to me, “When you’re my boss, can you allow me to do…” My mentor is 5 or 6 levels above me and is excited to bring me along through the company and eventually up to his level. Within the next 10 years, it’s quite likely that I’ll be earning $200k per year in a job that I do quite enjoy.

While this sounds all well and good, there are a couple of problems with this scenario. Sure I’ll be earning a bunch of money, but I still might not have the earning power had I developed my presence online with my websites. Plus, if I stay in my job, I’ll most likely have greater responsibilities which means more hours, whereas if I worked online, I could find a way to continually work less and less while still earning the same amount of money (if not more).

My Website Work

For the past couple of years, I have been earning between $1k and $4k a month pretty effortlessly with my online ventures. If I truly focused on earning money online, I bet I could easily earn a minimum of $2,500 each month.

If you’re as smart as I think you are, you might be crunching the numbers in your head right now and are quickly realizing the gap between $2.5k per month and $200k a year, which equates to over $15k per month (with my future corporate job). But, what you probably aren’t thinking about is the location that I’m living.

If I earned all of my income from an online source, that means that I am completely mobile and can live wherever I want. This is where the extreme earning power comes in. In the United States today, a family that earns over $50k per year can live quite comfortably.

They can afford to purchase a house, a couple of cars, and might even have a few toys as well (like a boat or a couple of jet-skis). Now, what if they suddenly earned only $25,000 a year? You’d probably say that they are in some serious trouble.

But, what if they lived overseas where their money was worth 10 times as much there as it was worth in the States? Suddenly, instead of earning only $25,000, it feels as though they are making $250,000. Food is cheaper, housing is ridiculously inexpensive, and clothing can be found for just a couple of bucks. This is the value of an online income.

Earn Your Online Money

If you can find a way to earn money online and don’t mind traveling to far-off places in this world, then you could be living like an absolute king in just a few years. You might not know how to earn an online income, but the best thing to do is to just get started!

When I first started my blog, I didn’t have a clue about earning money online. But, after the first year my eyes were opened to all of the possibilities that were out there. I’ve since learned about tons of ways to get free money online and about the thousands of different online businesses out there. That would have never happened had I decided to wait until I knew exactly what I was doing. If you have the urge to earn some extra money with an online venture, do some quick research and then take immediate action!

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Derek Sall
Derek Sall is a personal finance blogger who blogs at LifeandMyFinances.com where he shares his passion for investing and creating passive income.
Derek Sall
Derek Sall

Latest posts by Derek Sall (see all)

  • SteveD

    All else being equal, sure, self-employment-ly earned money may have advantages over salary. The problem is, the majority of those who start their own businesses, fail. They either earn no or more likely, lose money. A few make it big but they’re the exception, not the rule.

  • http://www.debtroundup.com/ Grayson @ Debt Roundup

    Making money online is difficult and most are not cut out for it. They either don’t know what they are doing or fall for each and every money making scheme online. Making money online calls for dedication and hard work.

  • http://www.financialsamurai.com/ Sam Dogen

    Ahh, the dream to earn lots of money online and travel the world.

    One day! :)

    Nobody can predict 10 years from now so I wouldn’t count on the 200k from your job. The world is ever changing!

  • http://quickonlinecash.net/ Steve Johnson

    I have been in the corporate world for 30 years now. I have found that there is no security in a 9 – 5 job. I have been fortunate to survive this long.

    I believe it is important to start building a future for yourself, and starting at a young age is a real advantage. You can start building an online business while you are working the 9 – 5. This can provide the security that everyone is looking for.

    I agree with your assessment about living a better lifestyle outside of the U.S. on the same amount of income. I have been reading about this but have not made the plunge to move offshore.

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