How to Make Money without a Job – New Thinking

Friday, 12 April, 2013

in Time/Money Conversion

Money makes the world go round, but there are 4 other currencies that are even more important than money. You need to get your head around this idea if you want to learn how to make money without a job.

The 5 CurrenciesHow to make money without a job - Time Money

 

  1. Time
  2. Knowledge
  3. Reputation
  4. Contacts
  5. Money

We all need Money to pay bills, so we have to convert the other currencies into cash. The usual way to do this is a job, where an employer pays you in Money for the Time that you put in. If you are unemployed then you need a to learn how to make money without a job.

You do this by using your Time to build your Knowledge and Reputation. These lead to Contacts and these lead to Money.

How to Make Money without a Job – How I Did It

I was an employee all my life, using my Time to earn Money. I was a teacher, then I worked in the security industry for six years. In 2010 I lost my job. At 57 years of age in post-2008 Ireland there was no way I was ever going to find another employer. My days of direct time-money conversions were over.

I spent 2000 euro on installing satellite broadband. Up to then I had not actually needed the Internet, but I realised that it was my only hope in terms of making a living. I considered that money as an investment in my future.

I Used My Time

We all have 24 hours of Time given to us every day; 24 hours more time that we can turn into more Knowledge. I stopped reading novels, stopped wasting my time looking for conventional jobs and taught myself about how to make money by writing online.

I found a site that allowed me to earn money from ads placed around my articles (InfoBarrel.com). I wrote a bunch of articles and spent a few hours every day in the InfoBarrel forum. I asked questions and I helped others where I could.

I Grew My Reputation

As I helped others my reputation grew. I found that the whole culture in the forum was unique. We helped each other and in the process helped the site to grow and our articles to rank higher in search results.

I Made Contacts

As my reputation grew, so did the number of people I could count as friends. These people would go out of their way to help each other. We only talked on the forum with the occasional email, but we were and are friends. If we didn’t live so far apart we would call in to one another.

Contacts Offered Me Jobs

People I knew on the forum offered me paid jobs, ranging from writing 1,000 Halloween costume descriptions to writing 800 articles a month, every month.

Time – Knowledge – Reputation – Contacts – Money

When people ask me how to make money without a job, I tell them about the 5 Currencies. It has worked for me on more than one occasion online, and I see it at work every day in the real world, too.

{ 4 comments… read them below or add one }

1 Andrew Walton July 11, 2013 at 18:25

It made me so happy – first to see you writing about this, and then even more so to see that you’re making it work for you!

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2 Deborah-Diane July 12, 2013 at 00:05

Glad to see that you are making this work. I recently retired and really appreciate the extra money that comes from writing on the internet. Every year my internet income has grown by 30% or more. While I didn’t start out earning much, I expect that my internet earnings could be a major part of my income as my retirement years go by. Thanks!

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3 Patricia Weber May 14, 2015 at 14:09

Phil this is such sage advice. My guess is many of us only think of money as a currency so that is where our focus is. You’ve given 5 keys of mindset for me to ask myself if my “money” stream is trickling. It will be something to query, “How am I using my time? How would I rate my knowledge? Am I giving enough or too much? (your reputation currency?) Am I helping and seeking help within my contacts?” Valuable formula!

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4 Phil May 20, 2015 at 14:51

Thanks Patricia
I don’t think you can give too much. I live by the first 4 currencies and the fifth (Money) really does take care of itself. I never have to look for work.

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