We all live busy lives, but think about the amount of time you spend that could be channeled for some quick money making. In some cases you don’t even have to give up your TV time when you work on the couch. If you just put the Wii controller down for an hour a day, [...]

Just as you should diversify your investment portfolio in order to spread your risk, having one source of income is a liability. While your personal skills, networks and qualifications are the real asset, at any moment  your main source of income could disappear.
As an employee, like most people are, you are at-will. That means at [...]

Any time someone talks about a way to make a boat load of money, it will probably at least make you stop and think. Cash gifting programs are one of those things that to me sounds like you want no association with. Please correct me if I’m wrong, but my interpretation of cash gifting is [...]

Earlier in How to Become a Millionaire – 3 Ways to Choose From, we talked about those that join the fast track to building wealth by creating systems that have no income cap. In other words, this group of people are capable of generating millions of dollars – not in a lifetime, but in a [...]

Wealth “gurus” say that the secret to becoming rich is more cash flow. But what is cash flow and how do you get it?
Cash flow is a finance term that used to describe financial performance, and measures the amount of money that comes in and out of a business. Simple put, it is income as [...]

For years I listened to the advice of millionaire entrepreneurs as they drove home the idea that the key to becoming rich is to build multiple streams of passive income. I believe, though, that they are wrong.
The idea behind having multiple streams of income is that you produce a system that produces money. Once [...]

Money advisers and coaches will tell you that in order to truly become financially free, you must have enough passive income to exceed your expenses. That’s great, but what is passive income and how do you get it?
For the sake of simplicity, income can be broken down into four categories (and arguably more): portfolio income, [...]