Welcome to the Online Lesson: How to Earn a 2nd Income Online for Non-Tech Persons
Understanding Exponential Math to Reach Your Financial Goals
Welcome to this self-guided online lesson designed for the general public looking to earn a second income online, even without a background in technology. While the main focus of this lesson is to provide practical solutions for increasing your income streams, one key aspect that will greatly benefit you on this journey is a solid understanding of exponential mathematics.
Practically every part of your life is associated with a number in one way or another. Your age, birth date, address, weight, height: so forth and so on. Everything in life is dictated by a number in some way. The amount of money you earn on your job, the amount of money in your bank account, as well as the amount of money in your purse or pocket right now. Every aspect of life has a number attached to it.
Mathematics is the fundamental reality that plays a crucial role in various aspects of earning an income online, such as the compensation, [Marketing Plan], agreement for the energy and effort you put forth to promote an opportunity. By expanding your application of mathematical concepts, you will be better equipped to navigate the world of online income opportunities and enhance your overall financial success.
This lesson will provide you with a mathematical strategy to effectively improve your chance to succeed without the need of technical skills. Whether you are new to the world of online entrepreneurship or looking to improve your financial situation, understanding and applying this mathematical concept will be a valuable asset in achieving your financial goals.
The mathematics you apply in your life determines whether things are working FOR you, or if things are working AGAINST you. It is the personal choice of everyone which mathematical formulas they allow to circulate through their lives. YOU decide, based on the math, what you can do and what you cannot do.
I will explain a little further so that you understand exactly what I mean. The price of gasoline determines if you get a full tank of gas or if you settle for a fourth of a tank. The price of rent determines what housing arrangements you can afford. The amount you agree to work for determines the amount you are paid.
When the amount of you earn is just above your expenses this is what holds you back from making real financial progress. The SOLUTION is to have MORE funds coming IN rather than what is going OUT.
The time has come to introduce a concept in math known as exponential growth, [also known as geometric progression]. The best way to understand this concept is by explaining it in the form of a question.
Suppose you were offered an opportunity to earn money from two separate companies. The FIRST company says they want to pay you $5,000 per day for 30 days. The SECOND company says they want to pay you a penny doubled every day for the next 30 days.
[Example: First day would be 1 cent, second day 2 cents, third day 4 cents, fourth day 8 cents, fifth day 16 cents, sixth day 32 cents, seventh day 64 cents, eighth day $1.28…so forth and so on up to 30 days.] As those pennies continue to double for 30 days the total is expressed in DOLLARS.
Which offer would you accept? [How quickly you chose your answer depends on your math awareness.]
Five thousand dollars every day for 30 days is of course $150,000. However, a penny doubled every day for 30 days grows to a total of nearly $10,000,000. [Did you forget that one dollar is equal to 100 pennies?] Numbers increasing exponentially will always grow and outpace numbers increasing linearly.
[Google: ‘A penny doubled every day for 30 days’]
This is called the Magic of Numbers Compounding.
I will present a hypothetical situation I need you to imagine so that you grasp the full importance of exponential growth; and how its application can benefit you financially. It is vital to your escape strategy to know how to use and understand this mathematical concept. A mathematical formula and computation that works FOR your growth instead of working AGAINST your growth.
Suppose there were two [2] Baseball Stadiums across the street from each other. Each stadium seats 100,000 people and each person has in their hand a candle that is not lit. Your prize will be $20,000 when each person in the stadium that YOU DECIDE to work with has a lit candle in their hand.
In the stadium on the LEFT, you start and stop at a certain time. Your task is to light each person’s candle one at a time—seat by seat—row by row. After 8 hours you stop, then come back the next day and start where you stopped the day before.
In the stadium on the RIGHT, the process is different. After YOU light the first person’s candle THAT person can light the candle of the person seated next to them. Then those two people can light two more candles, then those four people do the same ---- quickly you have eight people, then 16 people, then 32 people, and so forth and so on until all one hundred thousand people hold a lit candle in their hand. When numbers are increasing exponentially, they grow larger and faster than numbers that increase on a linear scale, [one by one]. Which stadium would you choose to perform this task to claim your $20,000 prize?
In the stadium on the RIGHT the numbers are increasing exponentially. [Also known as Geometric Progression.] Now that exponential growth has been explained, and you visualized the dynamics of the process, it should help you understand why your financial growth has been at a snail’s pace. Working at an hourly rate, [trading time for money], is like movement on a linear scale; you are unable to accumulate enough earnings and production by your efforts alone.
We live during a time when networking is accepted and practiced all day every day. After all, networking is merely sharing information from one person to another person, which is an acceptable and harmless practice to earn an income in the modern era.
When you combine your efforts with the efforts of many other people, [collective effort], this lifts weight off everyone’s shoulder. The solution to improve your financial situation rests entirely in your hands. You have options available that you did not have just a few years ago.
Now that we have discussed the importance of understanding math concepts for building a second income online, let's delve into the concept a little deeper.
Exponential functions are commonly seen in investments, population growth, and viral spread models. In simple terms, exponential growth means that a quantity is increasing rapidly over time.
Linear functions, on the other hand, depict a constant rate of change. They have a constant slope and form a straight line when graphed. Linear functions are prevalent in budgeting, salary increases, and basic arithmetic operations.
Understanding these two types of functions is crucial for making informed decisions when exploring income opportunities online. By grasping how exponential and linear math concepts work, you can better analyze which concept is more beneficial as your chosen strategy to generate passive income online. You will be able to determine if the math is working IN YOUR FAVOR or is the math working AGAINST YOU.
Understanding exponential growth is essential for the non-tech person wanting to succeed in the online space. The non-tech person needs a strategy that works in their favor and makes up for their lack of technical skills.
Exponential growth occurs when a quantity multiplies by a consistent factor over a constant time period. Here are some real-life examples to help you grasp the concept:
1. Population Growth: Imagine a population of rabbits that doubles every month. At the start, there are 2 rabbits, then 4, 8, 16, and so on. This is an example of exponential growth because the population size is increasing by a fixed factor each month.
2. Compound Interest: When you invest money in a savings account or a certificate of deposit, your balance grows exponentially due to compound interest. The interest you earn is added to your initial investment, resulting in a larger sum that continues to grow over time.
3. Technology Advancements: Moore's Law, which states that the number of transistors on a microchip doubles approximately every two years, is a classic example of exponential growth in technology. This rapid growth has led to significant advancements in computing power and efficiency.
Understanding these examples of exponential growth can help you appreciate the power of compounding and the impact it can have on various aspects of life. By recognizing and harnessing exponential growth, you can make informed decisions to enhance your financial prospects in online pursuits.
Understanding the difference between linear and exponential growth is essential when looking for a business, [online or offline], to partner with and promote. Linear growth occurs when a quantity increases by a fixed amount over a set period. This can be visualized as a straight line on a graph, where the increase remains constant.
On the other hand, exponential growth involves a quantity increasing at a constant percentage rate over time. This type of growth is exponential because the rate of increase accelerates as the quantity grows larger. Exponential growth is often represented as a curve that becomes steeper as time progresses.
An example to illustrate the difference between linear and exponential growth is comparing a savings account that earns a fixed interest rate (linear) versus an investment that compounds interest over time (exponential). In the linear scenario, the account grows by the same amount each year, while in the exponential scenario, the account grows by a percentage of the total balance, leading to rapid growth over time.
Understanding exponential math can open up a world of second-income opportunities for non-tech individuals. Exponential growth is a powerful concept that can be leveraged in various ways to generate additional income streams. Here are some strategies for utilizing exponential math to boost your earnings:
1. **Investing in Compound Interest: ** Compound interest is a form of exponential growth where your money earns interest on the initial investment as well as on the accumulated interest. By investing in assets that offer compound interest, you can watch your money grow exponentially over time.
2. **Exploring the Power of Network Marketing: ** Network marketing relies on the principle of exponential growth through building a network of individuals who can promote products or services. By leveraging your network and introducing others you can benefit from the exponential growth of collective efforts.
3. **Share Exponential Knowledge: ** Sharing your assigned link with others can be a lucrative way to capitalize on exponential math. As more students learn the dynamic benefits of exponential growth your income potential grows exponentially without requiring additional time or effort for each new student.
4. **Utilizing Affiliate Marketing: ** Affiliate marketing allows you to earn commissions by promoting products or services to your audience. By leveraging the power of exponential growth, you can reach a wider number of people. As a result of educating more people you can significantly increase your income potential over relatively short period of time.
By understanding and applying the principles of exponential math in your second income endeavors, you can take advantage of the compounding effects to create sustainable and scalable revenue streams. Take the time to explore these strategies and see how they can help you achieve your financial goals.
Now that you have a basic understanding of exponential math concepts, it's time to apply them to your second income endeavors. Here are some practical exercises to help you expand your understanding of math in the context of making money online:
1. Compound Interest Calculations: Learn how compound interest works and how you can use it to grow your savings or investments exponentially over time. Use online calculators to experiment with different interest rates and time periods to see the power of compounding.
2. Growth Projections: Use exponential growth formulas to project the potential growth of your online business or side hustle. Understand how small changes in growth rates can lead to significant differences in earnings over time.
3. Conversion Rates: Analyze your conversion rates in your online ventures using exponential functions. Track how changes in conversion rates impact your overall income and experiment with strategies to optimize your conversion rates.
4. Budgeting and Savings: Apply exponential math concepts to your budgeting and savings goals. Understand how small, consistent savings over time can lead to significant wealth accumulation due to compound interest.
A company that has an affiliate marketing program that is based around exponential growth is the better opportunity for the non-tech person. It offers a better payout to the affiliate for the energy and effort invested. The monthly commissions can be a handsome second income without the requirement of technical know-how.
By applying exponential math concepts to your second income endeavors, you will improve your financial success in the online income world.
Keep Striving for Success
As you wrap up this lesson on how to earn a second income online as a non-tech person, remember that expanding your understanding of math is crucial in achieving exponential growth rather than linear progress. By grasping the concepts of exponential math versus linear math, you can unlock new opportunities for financial success.
Review and Apply
If you feel the need to revisit any part of this lesson, don't hesitate to go back and review the material. Additionally, remember that this lesson is just one part of a comprehensive course designed to help you achieve your goals. Make use of the other lessons in the course to further enhance your knowledge and skills in earning a second income online.
Lesson Audio: