Understanding wealth

I have been paying attention to this for a long time. Understanding wealth, how it's built, how it is grown, and of course how to enjoy it without losing it. I am still learning a great deal about this however, there are certain lessons I have already learned.

First we are created to be wealthy. Our God designed us to prosper there are something like 1500 scriptures related to money and wealth in the bible. Most all of these are related to attaining and managing money.

Second, we have to tithe this is the one that that God tells us that we can test him on. I can tell you a story about this, alittle over one year ago business was slow I had been slacking off and lost some of my momentum. I realized I still had not tithed for December and it was January, I paid my tithe. This left me with $97 in my bank account with no foreseeable income coming in. All of a sudden I had two Platinum members buy a package and one Premiere member upgrade to Platinum. That ended up being my very best month in business, I earn $27,000 in 30 days.

Residual income is a myth, that's right I said it. The truth is there really is no such thing a true residual income. What I mean by this, is there are always variables that can affect any passive income stream. Heck, the most common one in this country is in danger and that is Social Security! However, it is important to develop as many passive income streams as possible. This will increase your chances of financial security.

Before, you can focus on developing residual income streams you have to develop the cash flow. This may come from a high income job, another job, or in my case it comes from my homebased business. The name of the game is to build as much additional income as possible to invest in passive income streams. The number one problem that most people have is they increase their income via a job, a new business, etc. Then all of a sudden, they end up increasing their standard of living thus becoming further indebted to their STUFF! At this point people are unable to develop wealth because they continue to increase debt instead of increasing their income producing assets. It's only by increasing your income producing assets that you will leverage your income streams and achieve true wealth.

Will Continue...
Jackie O'Quinn
1-800-620-3019