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My name is Randy Howard and my
fiancé is Cathy. This is our Personal / Business web
site. |
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What The Rich Idiots Don't Tell
You. |
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Don't take action blindly based solely on
the advice and information contained within this article. |
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OK. I guess they are not really rich idiots but they are really rich. Actually rich people are quite nice and very generous, well at least all the ones that I know. Rich people think differently then poor people and I believe that if you want to be rich also you should do what rich people do. So what do rich people do to make their money? You can read all the books, attend all the seminars, take all the money making classes, watch all the videos and listen to all the audios to your hearts content and to sum it all up it is quite simple - they focus on making and keeping their money. There are really only two types of income: working income and passive income. Working income is where you actually perform a physical activity and get paid for it - many would call this trading hours for dollars. Passive income is where you get paid from the growth of investments and profits from a business. Majority of us are quite familiar with the working income concept because it is income that is earned by working for someone else. You trade your hours for their dollars. Working income is important, it helps fund the financial channels that allow your to increase your investments that lead to passive income. Just be for warned that you will never get rich working for someone else nor by trading your time for money earning a working income. The only way to truly get rich is by creating passive income. How do you do that? Simple invest in Real Estate, Stocks, IRA's, and by starting one or more businesses. Now don't get me wrong, keep working for the company that you are currently working at as long as it is necessary. Doing so will help create the needed funding that will allow you the ability to start generating passive income. When your passive income is equal to or higher than your current income level, then you can stop working for someone else and focus on increasing your passive income. Ask any rich person how they got rich and majority of them will tell you that they got rich through investments and owning one or more businesses. I am not rich yet but because I listened to the rich folks and acted on their advice, the same advice that I am giving to you here, I am well on my way. I have a few investments in stocks but I have several different businesses that I own and while I am busy I am making more money that I could ever expect to earn by trading my hours for dollars working for some other company somewhere. The funny thing is that I don't even realize that I am actually working because I am enjoying what I do, and when I need some time off, I am able to do so at my convenience. I hope that this has helped you and I encourage you to follow the advice given in this article to better your life. For some business ideas be sure to look around my website. If you would like to earn some extra money working from the comfort of your home, let us know and we will be happy to get you started. To your Success, Randy Howard |