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Study Investing and Know What You’re Doing

Donald Trump, billionaire and financial educator, says, "The best way to invest without excess risk is to be prepared.  Learn about investments and never invest in something that you don’t  understand. " I agree.  While you can get advice from financial professionals, no one cares more about your money than you do.  Read financial magazines [...]

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Decide What To Save and What To Invest

To be wealthy, you want to grow your money as fast as you can.  That means taking most of your savings – money that won’t be needed for awhile – and invest it in ways that make it grow, not just earn interest.  My rule of thumb is the one year mark:  If you’ll use [...]

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Residual Income – A Requirement for Wealth Building

No matter how hard you work, you have only so many hours in the day.  A surgeon making $1,000/hour, still has just 24 hours and cannot work all of them.  If you are trading your time for hourly dollars as your only source of income, you’ll never get wealthy – or it will take you [...]

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Using Your Talents and Interests to Make Money

Have you taken an inventory of your total list of talents, skills, interests?  Wealthy people utilize what they do best, or love the most, and make money offering these abilities and services to others.  Perhaps you write well and could be a ghost writer on-line via E-lance.  If you’re mechanically handy, you could do “Honey-Do” [...]

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Creating Multiple Streams of Income

Wealthy people have more than one way to earn money.  Most have entrepreneurial endeavors that exponentially increase their ability to accumulate wealth.  Even if you have a salaried job, it should not be your only source of current income.  Have you considered joining a network marketing company to build your very own small business income [...]

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Decide What Dreams You Want To Fund In Your Life

I’ve observed that wealthy people think big, think rich, and are very decisive about what they want to manifest in their life.  This wealth habit is crucial.  It’s going to affect the numbers you put down in your written plan. For example, think about: Your dream house Your dream vacation Your dream career The dream [...]

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