|Wealth Building Information|
Residual Income - 3 Ideas for Long Term Profits
A residual income is one that comes in no matter what--even when you are not working (or can't work.) It's something all of us will someday want and possibly need.
There are several paths to creating a residual income. I am going to quickly give you three ideas on how to get it done:
1. Invest small amounts of money over a long period of time.
Doesn't sound to exciting, huh? Well, just take a trip in a time machine with me...
Imagine your parents had begun putting away just $1 a day into a fund for you since the day you were born. If they had followed some simple rules, here is what you would have:
? At age 20 - $ 38,171.10
I think we'll stop there--you get the point.
What if you're 30 and haven't been doing this? Start today and you will have another $327K by the time you hit 65--put away $3 a day and you could have an "extra" million.
If you want to really see how exciting this concept can be, I have a report by Bob Allen on the specifics you can download as my gift by Bob Allen Report
2. Use other people's money to leverage wealth.
If you never use other people's money to help you build wealth, you will limit your wealth potential.
The amount of money you have to invest in a new venture is always limited--the amount of money other people have to invest in that same venture is virtually UNLIMITED.
Gary Halbert, the master copyrighter, uses this technique. Whenever he takes on a new client, he gets an up-front fee and 5% of the gross revenue from the promotion. So, he gets the benefit of the sales generated by a huge investment of capital on his client's part--and it continues to come in after he has already completed the work.
Keep in mind that 5% of $1,000,000 in sales generated by his work is much more than 100% of his $15,000 fee.
3. Create strategic alliances.
Have you ever noticed that the same people seem to be on the "inside track" when it comes to new products online--and that often you seem to be the last to know? Here's why:
There are a relatively small group of people who have large lists and have created strategic alliances with one another. When a new product is about to be launched, they get on the phone and put together a promotion that allows them to be first to the marketplace and get the lion's share of the profits.
But before you think, "Well, I can't get into THAT club," let me point something out: Joe Kumar, a kid from Singapore, did what almost no one does--he simply asked for admission.
And he got in, resulting in about $100K in sales his first full month of promoting.
To see more about Joe's story at 30 Days
Get on the phone, give a call to some "big names" on the Internet. You might just develop an alliance that will put you on the *inside* rather than out in the cold.
There are many ways to build a passive income. Three are detailed above--there are many others. Find one that fits you and pursue it. It's worth the effort.
The Secrets of World Money Flows and A Simple Way to Understand Them
You can learn the secrets of world monetary flow if you will simplify the concept. The Allegory of a "The Beach Ball," is not taught in all universities, perhaps it should be. Learn what the elite know about the money flow. This abstract thought "The Beach Ball Effect" help to bring light to the flow of money in World Economies for your personal financial future and assist you in teaching your kids about the world of money.
Who Else Is Tired of Life Punching Them in the Face?
Remember the bloodied face of Randall "Tex" Cobb?
7 Wonders of the Offshore World
Many people assume that the offshore world is accessible only to the super rich looking to increase their wealth, or to large multi national corporations looking to escape taxation.
Why do Some People Rake in the Dough while Others Spin Their Wheels to No Avail?
Here's the truth: I have read hundreds and hundreds of books about personal finances, from the conventional world of financial planning, to the trendy how-to-get-rich programs to the New Age gurus of money.
How to Grow Your Very Own Money Tree
Okay. So money doesn't really grow on trees. Unless you plant your own Mighty Money Tree, that is!
Wealth Creation - Opportunity
When young men ask me how to succeed, I tell them, 'Don't spend money on yourself until you no longer need it to expand your business. Any young man willing to pay the price can rise to success.' Opportunity never stops at the door, knocks and passes on-Opportunity eats with you, works be�side you and at night sleeps on the door-mat. Blame no one but yourself if you ignore her.
Russ Whitney - Building Wealth Through Real Estate
When Building Wealth by Russ Whitney was released a few years ago it sent shockwaves through the real estate industry and uncovered some amazing insights into Real Estate and Russ Whitney. It also opened the door for many people to get involved in the Real Estate Training Investing Training World.
Asset Diversification Is NOT Boring?And Will Make You Money
Early Retirement The Dream of the Working Classes
Everyone dreams of early retirement. The idea of no longer having to work at an early age is very attractive to some people and they dream and wish all day long about the day that they can afford to say, "Take this job and?" well, you know. Unfortunately, for many people, early retirement is a dream that will never be realized. It is not because they are in a job that won't allow early retirement or because they love their work so much that they can't bear to leave it. It is simply because they spent their time dreaming about early retirement rather than planning for it.
Do You Want Money?
Let me ask you a very simple question. Do you want money? Of course you do!
Why Get Rich When You Can Be Wealthy?
"Any fool can rich, the wise get wealthy." Chris Widener
Anthony Robbins 12 Reasons Why People Dont Get Wealthy
According to Wallace Wattles, in his popular wealth treatise called the Science of Getting Rich, said that, "There is a science of getting rich, and it is an exact science, like algebra or arithmetic. There are certain laws which govern the process of acquiring riches, and once these laws are learned and obeyed by anyone, that person will get rich with mathematical certainty."
Principles to Ensure a Fantastic Financial Finish
Most people want to get to the end of their lives and be able to live comfortably, take care of themselves and leave something for their children. These are admirable goals and very achievable - especially if you have a good plan! While I am not giving specific financial advice, these are the principles I live by and believe can bring anyone to a fantastic financial finish! As always, check with a financial consultant before taking action.
The Three Step Plan To Prosperity
You have $100 in your bank account, your rent is past due, your creditors are calling, your business is dwindling and to top it all off, someone sideswiped your car and now it won't start.
Cost Averaging - It Makes Sense (Dollars & Cents)
It's no secret that the market goes UP...the market, goes DOWN. That's the basics of Investing 101.
Before There Was Wall Street, There Was Gold.. & when Wall Street is gone, there will still be Gold
Paper burns and large companies can go bankrupt, but if you want a piece of the solid rock, go for Gold. Financial experts agree that the rising value of gold, which has climbed since 2001 to a 16 year high of $456 (U.S.) an ounce, is going to be spurred on in 2005. Precarious world situations, from political turmoil to flailing currencies, are taking a toll on the trade markets. The cry for stability and future security is high on the priority list for North Americans and can also be heard pulsating around the globe. Gold, along with the precious metal industries, is emerging as a reliable anchor for many investors at home and abroad.
Turn That Fixed Rate Mortgage Into A Goldmine
When you purchased your home, you most likely got a fixed interest rate mortgage with a 15 or 30 year term. These are the most popular mortgages in the industry. Even in the summer of 2004, when the interest-only or simple interest mortgage loans became popular, the average American stuck to the fixed rate. You see, the fixed rate offers security to conservative people, and the average American home buyer and home owner is a very conservative person.
Personal Finance Rules to Building Wealth
Key 1 Pay your self first
The 11 Best Money Saving Ideas of All Time - Part 1
At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true.
I Dont Need A Financial Coach To Help Me!
You've been thinking that your financial life could probably be better, right? Maybe you think, "If I could just stick to a budget everything will be fine?", or how about "When I get that next raise or promotion, I'll have enough money to pay off my debts and save some money?" You may even be thinking,"I can do this on my own!"
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