Who wouldn’t like more income in this world? Some people want job to make some money. Some people think if they get a new job with a new company or a big promotion they can make more money. Some play the Lottery hoping to win some big money.
The sad news is so many people I have worked with and met over the years ended up not any better off when they made more money then they were before. Yes, maybe they had a nicer car or bigger house but that doesn’t mean they had more cash flow. When I talk cash flow it is the difference from subtracting your monthly bills from your monthly income.
When you talk Income most people would probably say it is from a job. Go to work for a company and get a weekly paycheck. That is one way for income. But I like more cash flow then I do more income. I like to have Investments that make me an income without me punching a time clock. What investments do you have that create an income for you that you don’t have to do any work for? They work for you.
A quote I got from somewhere said “Assets will Feed you and Liabilities will Eat you”. I wrote that down and in my book that I carry around. We teach our kids to ask themselves when buying something is that an Asset or Liability, is it a Need or a Want?
I break Income Ideas into four main areas listed below:
Let me know your thoughts about this blog and let me know of Ideas you would like me to talk about in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page.
Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today.
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Bruce of MillsWay.com