You Should Create Multiple Income Streams by Bo Sanchez

     The ballgame of earning money doesn’t change.

            In good times or in bad, you still have to create multiple income streams.

            Whether the economy is flying or diving, growing or shrinking, it’s still not wise to depend on your job as your only source of income.

            Let me tell you the story of three friends—Joel, Martina, and Phillip.

            Joel was laid-off last year. He got hit by the sub-prime crisis in the US.

            Martina got laid-off three years ago, not because the economy was bad, but because it was good. Her company was doing so well, a bigger company bought it—and booted her out. 

            Phillip lost his job not because of the economy or because of a merger, but because of a personal conflict. He lost his job simply because his boss didn’t like him. He was forced to resign.

            You see, it doesn’t matter whether there’s a recession or not. It doesn’t matter if the stock market is crashing or rising.

            Your goal is to have multiple income streams.

            So that you’re not dependent on your job.

            I want you to enjoy what I enjoy now. After years of working on them, I have 16 income streams flowing into my life.

            Hey, you don’t need 16.

You just need 2 or 3 or 4 to experience a big difference in your finances. Perhaps a small business. Perhaps a rental property. Perhaps a stock investment. Etcetera.

            How do you begin? Keep your day job, and start a business or an investment on the side.

            In my visits to the US and Canada, I’ve met so many people who have 2 jobs. They work 16 hours a day. Some of them even have a third job—by working on Saturdays and Sundays.

            I always tell them that the better alternative is to have one job, and then try setting up a small business or investment on the side.

In 2010, pray for an additional income stream to open up for you.

Make it a daily prayer intention.

This is my goal for creating the TrulyRichClub. 

Through the TrulyRichClub, I encourage its Gold members to create multiple income streams. Constantly, I inspire them with ideas and share important strategies to create many sources of income. 

How do I do this? I expand their faith. I stretch their thinking. Exclusive Gold members of the TrulyRichClub receive two of my audio PowerTalks every month and a weekly WealthStrategies newsletter. (Plus much, much more!)

I’ll be your coach. I’ll keep pushing you until you act. Gold Members of theTrulyRichClub receive a constant stream of inspiration and information to push you to pursue your financial dreams.

For more information on the TrulyRichClub, click the link below:

Yes Bo, I Want To Grow My Multiple Income Streams.

 

May your dreams come true,

 

Bo Sanchez

PS. The TrulyRichClub itself can be an income stream for you. It’s too long for me to explain here. You can just check it out by clicking the link below:

Yes Bo, I Want To Grow My Multiple Income Streams.

LOWERING THE MONTHLY GROCERY BILL

By: D Beart 

Do you ever wonder how in the world you spend so much on groceries? If so, you are not alone. Each day millions of people just like you are scouring the internet for tips and tricks to lowering the monthly grocery bill. Groceries are astronomical and there is one sure fire way to achieve this that is almost too simple to be true! But it is!

The trick is to NEED LESS. When you grocery shop you are actually being subjected to so many subliminal sales messages and marketing pressures that you spend more actually believing you saved money some how. Buy one get one free, bulk loads of food that are cheaper and sales or coupons, end cap impulse buys and new or special deals are everywhere. They are hard to resist because they are capitalizing on your desire to save money but in the long run you are actually spending more. If you go to the grocery store, armed with a list of items that you actually need and commit to it, you can easily feed a family of 4 for much less than you spend now.

The other thing that costs tons of money is the convenience factor. Packaged foods, perfect for sending to school with the kids are up to ten times more per unit price than a whole bag of off brand chips and some Ziploc baggies. It might not be as easy, but the extra 60 seconds it takes to pack up some goodies for a kid’s lunch can be worth hundreds of dollars spread out over a year’s time. The same goes for meal deals that make dinnertime a snap. They might be easier, but you are paying for those easy to open cans and bags nutritionally and otherwise.

Another way to lower your grocery bill is to idealize a per meal budget. If you decide that spending $10 a day on food for your family is enough then try to shop when you have some extra time to make that so. You may find that tuna sandwiches for lunch and some chicken drumsticks with macaroni and cheese for dinner can cost much less. If you spend too much per meal you are essentially spending just as much as it takes to eat out three times a day. When you consider $10 a day for food, that means it is only costing about two and half bucks per person to eat for an entire day (based on a family of 4). That isn’t really that expensive.

Coupons can also save a heap of money. More than likely you have tried all the grocery shopping sites that help you to get groceries for free when you mix coupons with sales and rebates, but you don’t even have to do that. Clipping coupons, scanning ads and timing your shopping to a tee can be time consuming and your time is money as well. Just be sure that when you clip a coupon it is for an item you really need, already like or prefer to have in your pantry. Often coupons are available on items that are overstocked or that aren’t moving through the stores well hoping people will be excited by the thought of getting a dollar off. Additionally, many grocery stores actually raise the price of something before it goes on sale or before a coupon comes out. If you clip the coupon for items you use everyday anyways you will at least know that your dollar has been saved. If possible shop during times that offer double coupons.

Another way to save money is to be frugal when it comes to meats. Realize that just because something is cheaper per pound doesn’t mean it will cost you less. Likely the grease or bones will cause you to need twice as much in order to make a meal. It is better to pay ten to twenty cents more per pound for healthy, lean means that won’t disappear into a pile of grease. Additionally, if you can hit grocery stores early in the morning, many of the meats that are about to past date are available and can be had for half the cost. When it comes to meats you can spend a lot of money and shopping around from store to store and watching ads is important. If you can stock up on these staple items when they are on sale buying an extra freezer will eventually pay for itself.

The last bit of advice is to reevaluate your needs versus wants. What is really important to you? Would you rather have name brand shampoo or laundry detergent or can you curve spending in these areas to accommodate otherwise. Do you really need 20 cans of soup that will take up space in the cabinets and will your family really eat a 30 pound bag of potatoes before they sprout roots. So much of what you buy is probably wasted which is just as good as throwing money in the trash. While having a stocked fridge and pantry feels good, it really is unnecessary. When many of us shop thinking we need something the reality is we have plenty of food around the house to prepare some creative and well balanced meals for our family. Wanting things and needing things are not the same and lowering the monthly grocery bill can be as simple as taking inventory on your emotional spending while at the grocery store.

Realize that just because something is cheaper per pound doesn’t mean it will cost you less. Likely the grease or bones will cause you to need twice as much in order to make a meal.

David Beart runs the Professors House. Our family based site covers everything from finances to raising children, health, nutrition and marriage advice.

Source: http://www.articledashboard.com/Article/Lowering-the-Monthly-Grocery-Bill/1365460

HOME BUDGET SOFTWARE

In trying to make your life much easier financially, you have to focus on advise from professionals who have helped those get out of debt and live within their means. So there is a few steps that a software that some people have used has been able to help them focus on the importance of their personal financials. Here are a few steps that the software will help in; first you will know how you spend your money. What it will do is start with evaluating your current expenses and how much money you have left to spend.
The next step is it will help you become a better money manager by helping you categorize all your transactions and quickly spot areas that you are spending money quicker than other areas. It will show all of your total expenses and income in charts and graphs that make sense. Next, it will help you set up budget goals and help you achieve them. This means it will track you budget progress anywhere or anytime even on your phone. And finally, it alerts you if your accounts are getting low or available credit you have to help from not overspending. Moneystrands is a great money system program to help you live within your means.

check out HOME BUDGET SOFTWARE it will definitely help you a lot!!!

WHAT DOES RICH WOMAN STAND FOR?

As I was browsing the net for more infos on personal finance, I bumped into this website called "RICH WOMAN". I wasn't aware that Robert Kiyosaki, the Rich Dad Poor Dad author also has a powerful best-selling author wife - Kim Kiyosaki. I am so greatful to have found this out and there is so much to learn on this website about being financially free. I immediately signed up and did some clicking and reading on the site. Its very informative and uplifting to achieve your goals. 

Check this out @ http://www.richwoman.com 

What is a Rich Woman? I often hear women say, “I’m rich in spirit,” “I’m rich in family and friends,” “My life experiences make me rich.” I agree with each of these interpretations. However, I don’t agree with this comment: “I lead a very rich life, but I have no money.”

The Rich Woman philosophy supports all the above statements, except the last one. You can argue about it, which is fine, but it’s just not the Rich Woman philosophy. When we talk about Rich Woman, we talk openly about money, investing, cash flow, and taking charge of your financial life.

Why? Because the bottom line is that money has tremendous power. It has the power to set us free, but it also has the power to enslave us. Money enslaves us by keeping us in an unhealthy relationship because of the money, sending us to a job that we don’t like every day for the paycheck, or causing us to deny ourselves things important to us because we lack the money to buy them. Rich Woman is about setting women free.

In the Rich Woman point of view,
a woman cannot be free until she is financially free.

Financial independence begins with a rich mindset. A Rich Woman has a healthy attitude towards money. She doesn’t make excuses if she doesn’t have it. She doesn’t vilify those who do have it. Money, by itself, is not good or bad, it’s just money. How people use their money is most often what causes controversy.

I define money very simply. Money is freedom. It allows me to do what it is I truly want to do. It allows me to give my gifts and my talents as I was meant to give them.

Money is a very powerful tool, and when women take charge of their money, they take charge of their lives – and magic happens.

MASTER PERSONAL FINANCE BASICS

By Ariel Pryor 


Managing your money effectively provides incredible rewards in your life, including more free time to pursue your interests, better means to help your loved ones, travel etc. Yet I am constantly surprised at how many people have not been taught the rudiments of finance, the personal finance basics that if followed undoubtedly lead to increase and wealth. Let's cover some of these personal finance basics that will serve you well as you begin your life of healthy financial management.

The first rule of personal finance and most basic precept that must be absorbed for successful money management is to believe that managing your money is important and deserves focus and energy. You are capable of managing your own money, and making sound financial decisions with your own given common sense. Finance and money management is not magic, it is not so complicated as necessitating a high paid expert to tell you how to spend your money. Develop your own common sense money instincts and then follow them over the advice of any others, ultimately you are responsible for your personal finances.

The next personal finance rule is to focus on spending less than you make and earning more than you do today. Personal finance basics are all about discipline, and setting yourself on a long term track for growth with sound financial habits. Set yourself up for success with a constant focus on reducing your monthly spending and increasing how much you make. This should be a constant, lifelong, focus and worth of your effort. Learn the use of budgeting and projecting as tools to help you understand your financial present, past, and future.

The next basic rule of personal finances that will lead to your success is to make understanding how money works important in your life. Dedicate a little time in your life to understand the various financial instruments, investment tools, and successful business practices that exist today. In creating wealth you will have extra savings in need of investment and you should know what the options are available to you. Mastery of personal finance basics will lead you to more advanced financing techniques, constantly expand your capabilities.

Finally, it is essential to give back, and learn the power of giving. A tried and tested staple of personal finance is the incredible rewards of giving. Create excess in your life and then freely help those in your life you can, when you can, with money, charitable donations or other tools. Why it works, this article on the basics of personal finances is too short to cover, but giving 10% of what you make each month will bring back much more.

In summary, master the personal finance basics, your life depends on it.

Ariel Pryor is a consumer credit expert who helps people with Bad Credit to find financing with loans and or credit options despite their credit history. Let me help you get back on track to wealth building, check out Bad Credit Loans. Let me help rebuild and get back to the financial rewards you deserve. Article Source: http://EzineArticles.com/?expert=Ariel_Pryor