The Two Most Valuable Aspects of Making Money Online (Hint: It’s Not the Money)

There are many reasons why you may be interested in becoming an Internet marketer or an online entrepreneur. Perhaps you’ve gotten tired of being at the mercy of your boss for forty (or more!) hours a week, every week. Maybe you want to take more ownership of the work that you do and reap the rewards of all the blood, sweat and tears. Maybe you’ve starting making money online as a side gig and you want to transition to having these online efforts replace your full-time income.

That’s all great and when you look at the six-figure monthly income that John is able to pull in, that kind of lifestyle looks awfully appealing. And don’t get me wrong, I like money as much as the next guy, but the fact of the matter is that making money online has a lot less to do with the big affiliate checks that you can rake in and a lot more about how it can affect your outlook on life.

Living the Dot Com Lifestyle

Digging deep into the archives of this blog, you’ll find a post from way back in 2006 where John talks about why trading hours for dollars is the absolute worst way to make money. If you make a very healthy income and drive a fancy car, but you’re away at the office for 80 hours a week, you’re not exactly leading the best of lifestyles. Money, in and of itself, is not the end goal.

dotcom-freedom

If you were to ask John what it really means to live the dot com lifestyle, he’ll tell you it’s not about the money. It’s not about driving fast cars, living in giant mansions, or traveling to expensive resorts in exotic parts of the world. These are all nice things, but they’re not the main objective or the most important part of the dot com lifestyle. It’s freedom. If John wants to take off and spend the whole day with Sally, he can do that.

Any Time You Want It

As I’ve already said, money can be pretty great. It can buy you that big-screen TV or take you on a fancy vacation. We all want to make that six-figure monthly income on the Internet and we all have the opportunity to achieve that kind of success.

However, the two most valuable aspects to making money online are the freedoms of time and location. When you have a more conventional job that takes you to a more traditional office, you are usually bound to specific working hours. You’re expected to be in that office from 9am to 5pm, five days a week, if not longer. You can’t spend a random day in the middle of the week completely with your daughter, because you have to be at work. You are not the master of your own time. And time is a truly non-renewable resource; as soon as it’s gone, it’s gone forever.

If you’re your own boss and you make your living on the Internet, you can step away from the “office” and have a daddy-daughter day at Sea World.

Anywhere You Want It

OLYMPUS DIGITAL CAMERA

And then there is the advantage of location freedom. If you make money online, you can make money anywhere you can get online. John grew up in Vancouver, but he’s also lived in Bellevue before moving down to Orange County. He didn’t have to worry about the job prospects in Washington or California, because he brought his “job” and his money-making potential with him. He just needs to get online.

My life as a freelance writer is much the same. While I have chosen to stay in Vancouver, I could just as easily move somewhere else. And when I went on vacation to Europe, Australia and Asia, I was able to pop open my laptop, get some work done, and continue to earn my living. That’s what the Internet has empowered us to do.

And it gets even better with passive income streams, as I’m sure John will continue to tell us.


14 thoughts on “The Two Most Valuable Aspects of Making Money Online (Hint: It’s Not the Money)”

  1. Aden Clark says:

    Great post Michael,

    I remember back in the day when i use to work around 50 hours in Warburtons bakery in the UK. The times when i was not at work, i was that tired after a string of night shifts that i spent most of my days off asleep.

    I hardly ever got time to spend with my family and i had to have my holidays when my boss told me i could. That was hardly the life i dreamed of.

    When i finished work at around 7am in the morning (12 hours shifts), i still had the determination to switch on the computer and build my online business, for as long as i could keep my eyes open.

    I did this for several years until i finally earned enough each month to fire my boss. I always believed that i could achieve my goals, and knew all i had to do was take action each day to get closer to my dream.

    Unfortunately for most, their not willing to put the hard work in at the beginning, but continue to search for get rich quick schemes or push button software that stuffs a bank account, which as we all know does not happen (unless you have a huge email list already, then pushing send on a broadcast email can achieve that)

    What i can relate to in your post is the reason “WHY” people achieve success. If my reason why was for the money, big cars, big house ect, i would have given up before i made my first sale, as it took me years to learn the skills i needed to make sales online.

    My reason why was for my family (my son, my fiance, my parents). As i have such an emotional connection with my family, it becomes a much more powerful “why”. Even when i didnt make any money for a long time when i first started, my “why” was strong enough to keep me moving forward.

    Now i can spend time with my family when i want, take a holiday when i want ect. The money is just a bonus.

    All the best,

    Aden Clark.

    1. Michael Kwan says:

      Great story! Congrats on your success.

  2. I. C. Daniel says:

    I wish I could touch a kangaroo too 😀

    1. Kevin says:

      You can, however not the same one 🙂

    2. It seems the kangaroo is touching him 🙂

    3. Michael Kwan says:

      Feeding wild rock wallabies in the Outback near our lodgings was quite the experience!

      http://btr.michaelkwan.com/2011/12/06/wild-animals-of-the-australian-outback/

  3. Hi Michael,

    I resonate 100% with your view. I always wanted to be free and I want to take people with me. That’s why I started Blogging from Paradise and it’s also why I wrote the eBook. Money is simply a form of freedom. Having money helps you have more, do more and be more and if you’re living the digital lifestyle you’re able to be more in any location on earth.

    I’ve traveled the world for the past 40 months, living here in Fiji, in Bali, in Koh Lanta, and in about 30 tropical hotspots. I wanted to be free. The most valued aspect of making money online is working when you want, where you want, and having no ceiling on your income.

    I woke today at 6 AM in Fiji. It could have been 10 AM. I’ll get the work done and I don’t need an alarm to wake me, to be anywhere at a set time, unless I’m flying somewhere.

    Next month I’ll be in Bali. Next year I’ll likely be traveling through Central America.

    Freedom rocks.

    As a fellow freelance writer, I appreciate your life Michael. As an author, blogger and internet lifestyle junkie, I know that money, or making it, is the result of creating big value, and connecting with leaders, and when you want to be free you’ll connect with leaders and create massive value because your motivator is in the right place.

    Thanks SO much Michael. Rocking post!

    I’ll tweet it in a bit.

    Ryan

    1. Michael Kwan says:

      Bingo. Being a freelance writer is hardly easy and it comes with its fair share of challenges, but the rewards and the lifestyle make it all worth it.

  4. Moneymizer says:

    Hey Michael,

    quick question: How do you feel, when you open up your laptop while traveling in Paradise? Sounds pretty frustrating to me.

    1. Michael Kwan says:

      I’m accustomed to it. I feel a very intense sense of responsibility and it’s this kind of work ethic that has allowed me to do what I’ve done as a freelance writer. I very rarely take a “real” vacation in the conventional sense, partly because unplugging from the Internet can be so nerve-wracking.

    2. John Chow says:

      The first thing I look forward to when I’m in paradise is flying up my laptop so I can post that I’m making money in paradise. 😛

  5. Phil says:

    great insight, i learned a lot of things about making money online

    and youre right it isnt always the money

    this was a great read!

  6. Jay says:

    That’s the power of the Internet isn’t it great:)

  7. Hunny Yadav says:

    Awesome post Michael !

    I’m sure that this post will motivate the people’s who works in a stinky job that they don’t like

    The most valuable aspect is having the freedom to spend some time with family..

    PS . Great post man !

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