Who is Really Making Money on the Internet?
You see advertisements, blog posts, and twitter messages, of people claiming that they are making money on the internet. How do you know what to believe?
One clue is how often you see someone out there in the internet world. I want to share with you a story of a Teacher from Oregon who really is “Doing the Do.” If you do a google search for “Kary Rogney“, not only will you see him all over the internet, but you will see a man who provides a ton of value of exactly what it takes for YOU to have success online.
Absolute Income Vs. Relative Income
So let’s say you make a very significant income either online or with your current employment. Having a hefty income is only part of the equation. Do you have the TIME to enjoy that income. I would argue that lifestyle is much more important than income.
Let’s put it this way. Let’s talk about “Absolute Income” to set the ground work. Absolute income is pretty straight forward. The only variable involved is money. If you make $100,000 a year and I make $50,000 per year you make more money than mean in terms of “Absolute Income.” Lifestyle has no place in the equation.
When you take “Relative Income” into account, you start to realize that the amount you bring home from your job or business is not as important as the lifestyle that is associated with that income. So what is “Relative Income”?
“Relative Income” takes into account money and time. For example. If you make $100,000 a year and you work 80 hours per week, you make $25 per hour. If I make $50,000 per year and I work 10 hours per week, I make $100 per hour. So you make more “Absolute Income” on a yearly basis, but when it comes to lifestyle and time freedom, I make more “Relative Income.”
What is The Best Way to Leverage Your Time
Kary Rogney is a full time teacher, a full time father, a full time husband, as well as a full time online marketer. When it comes to making money on the internet he has the exact formula to leverage your time and start focusing on “Relative Income.” Be sure to check in tomorrow as I reveal exactly how Kary has gone from an online newbie to internet rock star in just a years time.
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15 Comments and Trackbacks
This is my first time hearing the terms ‘absolute income’ and ‘relative income’ But I’m totally familiar with the concept. I left the corporate world because they expected me to spend a minimum of 12 hours a day at work just to be ‘seen.’ Sad – because no one is productive for that many hours without a change of pace. And Kary is becoming an icon in the ‘balance family and work’ world! My thanks to both of you!
.-= Teresa Ivory´s last blog ..Perseverance: Are you rock or water? =-.
Ya. I do not know how Kary Does it.
This is great reminding us of a balance. Most people do focus on the final dollar they take home, but how does this effect your lifestyle? I also hear so many people saying someday when they make enough money they will take that dream trip, and guess what that time never comes. I think think we focus on the future and forget about the now. Spend time with your family, now…
Emmie
I have been guilty of “Someday Isle” for years…
This last year has completely changed. I still work hard but appreciate the gifts that are already in my life. Thanks for dropping by Emmie
Excellent points Nick and I love the terms of Absolute and Relative. Makes perfect sense. One thing you didn’t mention was everything that Relative Income provides a person. You are right that it gives a person more free time by working less hours at a higher wage, but in that freed up time someone can spend more of their hours with their family and kids, hanging out with friends, doing fun activates, sending time relaxing while reading a good book, and the list does on and on. Kary does a great job explaining what he is doing and the best part about it is that he is having fun doing it! Blogging, video marketing, attraction marketing, and social media are all fun and that is what makes this job so awesome! Thanks Guys!
.-= Clifton Hatfield´s last blog ..Top 10 Social Networks for Entrepreneurs =-.
Right on Clifton. I’m glad you filled in the blanks. I can’t wait to be traveling to warm climates across country in my RV during the winter months. Jump on the computer for a few hours. Go hang out at the lake for a few hours. Jump back on the computer. Flexibility and enjoying the now while building for the future.
Nick,
These two terms are new to me and I appreciate how you explained the difference between them. I really like the example you shared of the two incomes — how the hourly wage can be broken down to show what’s really going on behind Door #2.
I remember hearing a friend of mine years ago comment that he made a lot of money, but had no time to enjoy it. I knew I never wanted to be in that situation. The key is to find that happy medium — the point at which you have enough money to survive first, play second. At a certain point, money really becomes irrelevant because you have so much of it.
Great post. Really got my wheels turning this morning!
~Mary Lou
.-= Mary Lou Kayser´s last blog ..Hard Work and The Power of Plastic Shoes =-.
Good Deal Mary Lou,
Think of the 180 degree lifestyle change if you just were able to replace your current income. Not millions, not mansions…just replacing what we currently earn by being away from our families. HUGE. It is not that far out of reach. I’m glad you see it…
Nick,
Very interesting perspective on balancing your time and what it brings to your life. I agree that the quality of your life is more important than the quanity.
Val
.-= Val Wilcox´s last blog ..Can You Hear Me Now? =-.
Nick – I really like the way you explain the difference between Absolute and Relative Income. I guess what makes the difference how much money you make if you don’t have the time to enjoy it with your friends and family?
Thanks
.-= Glyna Humm´s last blog ..Dude, Where’s Your Tribe? =-.
Ya Glyna. I’m starting to realize the difference. Every time I learn something, I put it out there to the world and then I start “learning” the lesson even deeper. Work for the sake of work!!!??? Forget about it!
.-= Nick Logan´s last blog ..By: Kellie Hosaka =-.
Hey Nick! Another great post! It is really exciting to see what is happening with you and Kary and your Empowered Tribe!
I completely agree with Kary that it is very important to start off by getting the knowledge that you need to get started. I think there are two crucial things that you have to do after that. The first is make sure that you are putting that knowledge into action. If not, you just wasted your time and money. The second is to share your new knowledge. There is just something about teaching what you know to other people that really strengthens your understanding and skill level.
You guys have done a great job with both of these things and I really appreciate the example that you set and the willingness that you have to share your knowledge!
.-= Melissa Wright´s last blog ..Just something fun =-.
Nick,
Wonderful article! I too have thought about that relationship between the two types of income….I would much rather work/stress less and enjoy more of what life has to offer! If you get a chance drop by my blog….
.-= jeff wisuri´s last blog ..Are You Controlled By Negative Thinking? =-.
Hi Nick, really great post. I totally get this concept and in fact it was this very thing that sent me on my journey into the world of home business/self employment. I spent the better share of my adult life trading time for dollars and sacrificing being able to do the things I wanted to do, in order to earn a good income. NOT a very good lifestyle. I want to earn that same income (more actually) AND own my time as well to do the things in life I choose. Great job of explaining absolute and relative income. Thanks for sharing.
~Kara
.-= Kara Grabenhorst´s last blog ..Don’t like it? Change it NOW =-.
This is great, Nick! I’ve come across many people who claim to make so much money, but they never want to discuss what the cost has been for the accumulation of this “absolute” wealth. I don’t mean just cost in the number of hours they’ve invested, but also cost in terms of the toll their “success” has had on their families, on their dreams, on their values… on themselves.
This post gives a lot of perspective to the relative value of income and wealth, and you’re right… no better example of this than Kary Rogney!
.-= David Merrill´s last blog ..Are You A “Star Blogger“? 5 Reasons Why You Want To Be! =-.
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This entry was posted on Tuesday, March 16th, 2010 at 6:26 pm and is filed under Blogging Tips, Tribe Syndication. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.