Extra Income --- that would be nice

Written by Esther Smith

Extra Income ---- that would be nice.

Inrepparttar mid 50s, a family could survive on one income. Today, very few can manage on two. And that wont be enough in another few years.

Its a shaky future. All of us would be wise to have multiple incomes flowing into our bank accounts.

Prosperous people have always known this. If one income vanishes, they have others to support them. Ordinary people are much more vulnerable. If they lose even one of their incomes, it wipes them out. It could take years to improve this situation andrepparttar 116838 rippling affects can be disastrous.

It wont be long before people will need a portfolio of income sources AND from completely different and diversified avenues. If one source dries up, you will barely feelrepparttar 116839 bump. You are sound. You have time to adjust, regroup. You are safe.

Do you have multiple incomes flowing into your bank account at this time? Are they Linear or Residual? And do you knowrepparttar 116840 difference?

You have a Linear source if you get paid for every hour you work. You have a Residual source if you work hard once, and it releases a steady flow of income for many years. You are rewarded over and over for that same original effort.

Even doctors and attorneys are not as wealthy as they appear. They dont earn residual incomes. They can only see a fixed number of people per day and they have to be there every day to generate their single Linear income. They may appear to be wealthy, but they workrepparttar 116841 same hours and days that most of us do. The only difference is their Linear income is higher than ours.

If you are smart, you will start shifting your income sources from Linear to Residual and eventually realizerepparttar 116842 freedom to do what you want, when and where. This can be accomplished easily, without a lot of fuss. Start with ONE new residual source this year. How about right now?

Your Attitude to Home Based Business

Written by Kevin Purfield

Developing an opportunity mindset is key to your business success.

Starting a home based business is a fantastic way to earn additional income part time or full. You can build a six figure or higher residual income using your home computer and a few hours of your spare time each week. It is estimated that each day nearly 200,000 new people log on torepparttar internet forrepparttar 116837 first time. Many of these people looking for a home based business.

Some of these people will go on to create a full time income equal to or exceeding their current pay from their jobs. You need very little capitol to start a home businesses and you can workrepparttar 116838 hours that are best for you.

Developing an opportunity mindset is key to your business success. Your business success is largely determined by your thoughts. If you believe that you can be successful in your business you will be. Henry Ford once said " if you believe you can or you cant you are right."

Self-motivation and keeping an optimistic perspective is vitally important. You must possessrepparttar 116839 desire to succeed and take action everyday regardless of what obstacles you encounter alongrepparttar 116840 way.

Your level of success depends onrepparttar 116841 time and effort you are willing to put into your business. To reaprepparttar 116842 greatest return onrepparttar 116843 time you invest you must keep a positive outlook and maintainrepparttar 116844 belief that you will eventually succeed.

The author Norman Vincent Peale once said, "We tend to get what we expect." Are your expectations for your business ones of abundance and reward for work well done?

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