4 Simple Steps to Increase Your Wealth

Written by Kevin Purfield

4 Simple Steps to Increase Your Wealth Copyright Kevin Purfield

1. Believe you can

Before anything happens there is first a thought. Nature does not giverepparttar ability to conceive an idea withoutrepparttar 116927 ability to create it.

Believing you can do anything isrepparttar 116928 first step to beginning anything. There are endless possibilities available to you to createrepparttar 116929 life you desire.

2. Start a business

Start your own business and learn to be self-sufficient. As you learn to build a business you will gain greater control and understanding ofrepparttar 116930 amount of money you can create.

According torepparttar 116931 book The Millionaire Next Door self-employed people made up less than 20% ofrepparttar 116932 workers in America but accounted for two thirds ofrepparttar 116933 millionaires. Start your own business even if it's a part time home business.

3. Develop residual income

Residual income is money you receive even if you do not work. An example would be if you owned an apartment building. The renters pay their rent which paysrepparttar 116934 buildings expenses. Any income aboverepparttar 116935 expenses can be considered residual income.

Another example of residual income would be if you owned shares of stock in a company that paid quarterly dividends. As a share holder you would receive divided payments four times per year. You do not have to do any work for them.


Written by Kevin Purfield


Almost everyone needs or wants more money coming in, and with this desire most would like to start some sort of extra income-producing project. The trouble is, not many of these people seem able to fit "a second job" into their time schedules.

It's true that most people are busy, but extra time for some sort of home-based extra income-producing project can almost always be found. It may mean giving up or changing a few of your favorite pastimes - such as having a couple of beers withrepparttar guys or watching TV - but if you score big with your extra income project, you will have allrepparttar 116926 time you want for doing whatever you want to do.

The first thing to do is to sit down with pencil and paper and list your daily schedule. What time do you wake up? Then step-by-step, list everything you do each day. Most people will find that they have about three hours each day that can be utilized in a more constructive or efficient manner. As we've noted above, you may have to give uprepparttar 116927 time you waste in your local pub or a few television programs you watch, but it will be worth it inrepparttar 116928 long run.

Efficient time management boils down to planning what you're going to do, and then doing it without backtracking. Start by making a list ofrepparttar 116929 things you want to do tomorrow, each evening before you go to bed. Schedule your trips torepparttar 116930 store or wherever to coincide withrepparttar 116931 other things you have to do, and with your trips to or from work. Organize your trips to take care of as many things as possible while you're out ofrepparttar 116932 house. Take stock ofrepparttar 116933 time you spend standing around shootingrepparttar 116934 breeze - especiallyrepparttar 116935 time you spend onrepparttar 116936 telephone - and eliminate all that isn't necessary.

Whatever chores you have to do at home, set aside a specific time to do them, and a specific amount of time to devote to them. For instance, just one hour a day devoted to yard work would probably make your propertyrepparttar 116937 envy of all your neighbors. Don't try to do a week's work in one big flurry. Whether it's painting your house, fixing leaky faucets, or mowing your lawn and trimming your shrubs, do a part of it, or one particular job each day, and you'll be amazed at your progress.

Take care of all your mailrepparttar 116938 day you receive it. Don't let those bills and letters pile up on you. If you're unable to pay a bill immediately, file it in a special place that's visible, and note onrepparttar 116939 envelope repparttar 116940 date you intend to pay it. Answer your lettersrepparttar 116941 same day you get them.

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