Increasing our wealth with revenue streams
OK ... we all want to create more wealth for ourselves and our loved ones, but are we going about it in the best way? One thing I find that really helps out is to be making money come in for a long time after an initial investment of time and/or money. Now there are tons of possibilities out there for each of us and if we keep to our strengths and our personal interests we can find ones that will work for us as an individual. Some examples would be rental/lease income, dividends (and not just from publicly traded companies), royalties, interest revenue, franchise revenue .... heck, even getting into the vending business. Like I said - tons of different ways to get money flowing in while having time for other projects. And having a full time job is a great time to start to venture out and create your own extra revenue streams.
One thing I want to point out is that IMO it is best to start looking at potential projects that suggest a high rate of success. IOW, don't be looking for the quick high risk/high reward play .... stick to something MUCH MORE RELIABLE that will return a satisfactory rate of return.... after all, get several streams coming in and you will have made great strides in increasing your own wealth .... safety first when starting down this adventure!
Thoughts/questions anyone?
