In developing countries, microfinance has become a good way to do business. This is when a few hundred dollars are put into a person's business even though they don't know much about it. With that small amount, you can start making money over and over again.
In other parts of the world, those few hundred dollars could be used to build a repair shop, open a grocery store, or start a bike taxi service. And as each of these small loans is paid back with interest, the good and leverage get bigger. This is how to set your income in a way that keeps going forever. In fact, these small loans are the only way to start making money over and over again.
If you still don't know how to make your income keep going, give $50 and a micro finance loan to one of the many programmes that already exist. For example, you could put money into the Village Phone or Namaste Direct programmes. This is how to make your money keep coming in over and over again.
Unitus will take a gift of at least $100. It's very simple to help out. FINCA Village Banking helps the poor by giving loans to the poorest villages. Now you know how to make your money keep coming in over and over again.
Accion is one of the larger organisations that help people get local microloans for as little as $50. It also helps people further up the chain when they need help with technology. Compared to what we have, this technology is pretty simple, but for a developing country, it can make a huge difference. And knowing how to make your income keep going gives you a lot of freedom.
Who would have thought that something as simple as microlending could help you make money forever? It doesn't really matter what the project is, who is doing it, where it is, or how much money is involved. What does matter is that these small amounts of money borrowed and then paid back start to create a perpetual motion. And the way to set your income in perpetual motion is to keep it moving.
Now that you know how to make your money keep coming in, you will need to decide where you want to put it and who you want to help on a small scale. It's not nearly as hard as you might have thought, and because it's so easy, you can quickly build your empire. Now that you know how to make money keep coming in, you can do that.
All rights reserved. Copyright (c) 2007 Joel Teo. (You may publish this whole article as long as you include the following author's name and only live links.)
