Residual Income – A Requirement for Wealth Building

by Funding Your Wildest Dreams on April 11, 2010 in Finances, Funding Dreams, FYWD Articles

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

by Funding Your Wildest Dreams on April 8, 2010 in Financial goals, Funding Dreams, FYWD Articles

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

by Funding Your Wildest Dreams on April 5, 2010 in Finances, Financial goals, Funding Dreams, FYWD Articles

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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Have Systems for Handling Your Money

by Funding Your Wildest Dreams on April 2, 2010 in Financial goals, Money

Wealthy people look at building wealth like a project — an accumulation of actions that need to be managed.  They have systems for handling their money.  You need systems, designed by you, that you will follow through with and revise as your financial situation changes.  These systems include: Tracking your money—income and outgo Reviewing both [...]

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Track Your Income As Well as Your Outgo

by Funding Your Wildest Dreams on March 30, 2010 in Finances, Financial goals, Money

Wealthy people track their sources of income monthly, too. Most of them have multiple income streams – not only from a job, if they have one, but from other endeavors that pay them money, like investments, rents or royalties, receivables from loan repayments made to them, even interest on their checking accounts.  The only way [...]

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Keep Track of Your Cash and Expenditures

by Funding Your Wildest Dreams on March 27, 2010 in FYWD Articles

Most wealthy people can tell you exactly how much money they have in their pocket or purse.   The money they do spend is tracked carefully.  You need to know where your money is going – all your money.  If you write checks for cash, or debit your checking account for spending money, do you know [...]

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Pay off All Your Credit Card Balances

by Funding Your Wildest Dreams on March 24, 2010 in FYWD Articles

The wealthy, whom I often call Money Masters, do not carry credit card balances.  They NEVER pay credit card interest! I know people who have never carried a credit card balance in their life. You should become one of them NOW. You want to turn your credit card interest payments (debt service payments) into wealth payments as [...]

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Look at Your Debt Patterns to See What You Need to Change

by Funding Your Wildest Dreams on March 21, 2010 in FYWD Articles

Wealthy people take charge of their debt, and they use debt sparingly to create leverage.  Seldom do they carry credit card balances month to month.  If frequent debting has become your bad habit, here’s how to get a handle on the problem: Take your credit card statements from last month.  Use your Cash Flow Statement, [...]

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Face the Truth of Your Financial Situation Today – and Review it Frequently

by Funding Your Wildest Dreams on March 18, 2010 in FYWD Articles

Wealthy people know their numbers.  I ask each of my clients and students to fill out several financial statements.  You have to know where you are financially now to get to where you want to be.  The biggest mistake I see is that people often do not face the truth of their money habits and [...]

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Say Daily Affirmations About Each Dream You Truly Want

by Funding Your Wildest Dreams on March 15, 2010 in FYWD Articles

Wealthy individuals believe they have a right to be wealthy, and they constantly remind themselves of the wealth they want.  They affirm to themselves that they want certain things and are going to get them.  You, too, can say such words to yourself each morning — in bed before you arise, in the shower, on [...]

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