With the variety of options, finding low cost insurance that fits your specific needs can be a chore. From auto, health, home and the life insurance you need for you and your family, the monthly cost can be staggering. But when it comes to insurance, do you get what you pay for or are you better off searching for the best deal you can get?

Shopping for the best, low cost insurance can be overwhelming and a confusing process. While comparing your options you’ll likely find that there are subtle differences in the policy coverage that could end up be a detriment to your finances. For example, during Hurricane Katrina, many policy holders had no idea that there homes were not covered by flood insurance. The assumption was that the home was insured and, therefore, everything was covered.

But these subtle differences could make major differences during times of crisis. So while it is wise to shop for the best possible, be sure to read the fine print and make sure your needs are properly covered. You want to find low cost insurance that fits your needs and properly covers those things that are precious to you.

This doesn’t mean comparing policies and programs has to be a difficult or tedious process. NetQuote is an online comparison website that matches the right insurance with your needs. By analyzing your profile and searching over 100 of the industry’s top insurance companies,NetQuote  will do the shopping for you.

All you need to do is take 6 minutes to fill out your profile, hit the “search policies” button, and they will provide you with the best options and prices to select from.

This is a good way to save money, save time, and get the coverage you need for:

• Auto Insurance
• Home Insurance
• Health Insurance
• Life Insurance
• Business Insurance

If you are unsure what your needs may be, there are resources on their site to help you with that as well.

To get started with comparing quotes and making sure you have the lowest rates with the best possible coverage, visit NetQuote to have them begin doing your search for free.

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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 that system is in place, you move on and create another system. You might, for example, buy a rental property that has some positive cash flow. Then you open a Subway sandwich shop, hire employees, and get that running on autopilot . . . and so on.

By creating different income streams, you can live a safe, secure life knowing that everything is going to be okay. If one system fails, you can relax knowing there are ten others still bringing money in for you. Right?
This is where the multiple streams of income strategy falls apart.

If you want to live comfortably, with little headaches while your business bring in cash for you, then the last thing you want is multiple streams of income.

• Why do you want to have an attorney for your real estate business and another one for your franchise business?
• Why do you want to have 10 separate business cards for each of your 10 streams of income?
• Why is it necessary to be a real estate guru and a sandwich guru?
• Why do you want to do 10 different market research studies?

Creating multiple streams of income will only cause stress and headaches, and will not allow you to live the life of freedom that you desire.

Instead, the answer is to have channeled streams of income – all funneling into the same business. That way you can do what you do best and simplify your life.

Become the Subway guy instead and open multiple Subway shops. Whatever it is that you want to do to make money, stick to it and run with it. Don’t overcomplicate things by trying to get your hands in every business.

Would you rather be average at 10 different things, or the leader in one area of interest?

There will always be business opportunities and ways to produce income. But, if you want to truly live financially free you need to develop the ability to turn down opportunities that you know will make money, but overcomplicate your life.

With greater focus you will build the capacity to make more money and live more comfortably.

Millionaire Money Habit: Rather than trying to be all things at all times, focus on funneling your endeavors into one ultimate area of focus. You’ll have far greater success with focus and specialization.

I sent this to my subscribers to my newsletter earlier this week, and it generated some lively discussion with some people. I thought I’d share it with you…

People that are smart enough (or lucky) enough to see opportunity to get in front of a boom before they actually occurs can literally change their life. And with the way thing are now in the economy, there are seemingly too many opportunities to make money if you’re willing to take risk and close your eyes for a while.

Just think…

The Gold Rush in the 1850s
The auto boom in the 1920s
The oil boom in the 1970s
The tech boom in the 1990s

And most recently the bull run in the stock market and real estate boom in places like Miami, Vegas and Phoenix

Imagine if you were at the front of these opportunities before the rest of the world realized it.

What if you could look into the future and start getting involved with the next boom now? What if you bought barrels of oil long before it hit $150 a barrel? What if you bought shares of Google when it was near $100 a share and sold it when it topped $700 a share?

Many wealth people have the incredible skill of being able to spot trends before they happen. Whether its a trend in the market they specialize in or something unique they discover – they can quickly go from dead broke to incredibly wealthy in a matter of days.

Only if it were that easy, right?

Well, there are some strategies that people that are able to consistently spot trends actually use to get in front of opportunities early. As you become an “expert trend spotter” you give yourself a big edge that can make you big bucks.

Here are some of those strategies, many of which you may already do but can be more conscious about when looking for the next opportunity:

1. Read multiple trade magazines and blogs to identify patterns
2. Become a better listener to hear what everyone is talking about
3. Keep a pulse on the advertising and marketing trends
4. Get involved in industry projects and community service to see how things are evolving and what the future holds

What do you think the next economic boom will be? At this point it seems like it could be just about anything!