$80k a Year Salary is Only $9/hr

[Rich V.]

An $80,000 per salary salary is only $219 a day. $219 a day is only $9/hr if you earn income at 24 hours per day. This doesn't take taxes into account. What is your time worth? How are you making money work for you? Let's hear everyone's biggest accomplishments!

[James Wise]

Originally posted by @Rich V.:

An $80,000 per salary salary is only $219 a day.
$219 a day is only $9/hr if you earn income at 24 hours per day.
This doesn't take taxes into account.

What is your time worth? How are you making money work for you? Let's hear everyone's biggest accomplishments!

Good post Rich. I think the idea behind the thread your trying to get started was lost on those above.  ^ But I'm picking up what your putting down, so I'll bite.

I have always been a fan of diversifying my income & vertically integrating my businesses. Currently I put my money to use in many ways as the owner of a Real Estate Brokerage, PM company, construction company, MLM company, Laundromat, Insurance company & many investments including an entirely new set of income streams coming next month with my pending purchase on a Motel & two vending machines. 

Case in point you can't "work" 24 hours / day but you can earn income is 24 hours / day if you have several sources set up to do so.

1. Personal Real Estate sales commission.

2-30. Commission earned when my agents make Real Estate sales. 

31-231. Rental income from roughly 200 rentals.

232-832. Property Management fees from roughly 600 rentals managed for others.

833. Contruction income from Holton-Wise contruction.

834-1,834 Residual income from my Insurance brokerage's annual policies.

1,835. Laundry Income.

1,836-1,993. Income from MLM company's residual streams.

1,994. Hotel income. 

1,995-1,996. Vending machine income.

1,997. Small ownership stake in a Title company.

1,998. Self Storage Income.