Everyone wants financial independence.
I'm not talking about being really really rich - Bill Gates, Warren Buffett, Donald Trump sort of rich.
Most people dream of that, but in reality, we don't need that much money to be happy.
What we do need though is some form of security.
A nice little income stream, or a tidy nest egg in our later years, for us to use as we please to rest and enjoy the fruit of our labour.
A sum of money as a cushion in our bad times, or some money to help us see the kids through college.
The actual amount varies from person to person.
It depends on your needs.
But I'm sure one of our greatest fears is outliving our money, as our life expectancies get longer.
To end one's life poor and dependent on others for money is not part of that retirement dream.
The sad truth is, the days of working for a good company, staying loyal, and then collecting a pension for life are gone.
So what do most books on personal finance talk about ? One method I've noticed that comes up pretty often is what I call the scrimp and save method.
There are variations , like save before you spend, but the basic principle is the same.
Live a life of relative austerity today, in order to have a life of relative prosperity tomorrow.
The problem with this method is that it only works if you have another 30-40 years to go.
Then maybe the $1 you saved in 1960 will be worth $10,000 today, if you invested it right.
It also assumes that you have a sufficiently high income to allow you to live below your means and save enough.
Even assuming you are more inclined to be a penny-pincher rather than a spendthrift, it still takes a long time to generate enough cash to invest.
So how can one increase one's income ? There's always winning the lottery but we all know not everyone gets that chance.
There's also that hope of a raise.
We go to work early, leave late, hoping someone at the top will notice, and maybe give us a little increment , or a small bonus at the end of the year.
At the rate inflation is increasing, wage increases are barely keeping up.
One can buy less today with more dollars than before.
And it seems that the person controlling the potential wage increase isn't you.
So what now ? Most books written by rich people about becoming rich have a few common themes.
(1) They do live below their means, at least initially.
Living a life steeped in credit card debt is not the ticket to wealth.
(2) They have multiple streams of income.
The rich don't depend only on their salaries.
They get income from businesses, real estate and stocks.
There's only so much you can increase your salary.
But if there's income coming in from different sources, the amount can go up quite phenomenally.
(3) They own businesses.
Businesses not only give you a return that matches the work you've put into it ( when was the last time your boss noticed you worked extra hard), they can continue to go on giving you an income even when you are not there.
But everyone says businesses, especially small businesses come at a high risk.
If you accept that only 1 in 10 new businesses survive, it probably is true.
But risk is relative.
It depends on how much control you want to have over your own money.
Your money in stocks, for example, is at the mercy of the general investing crowd.
You salary is at the mercy of your boss.
Even real estate is not without its risks.
Author of Automatic Wealth, Micheal Masterson, and Author of Rich Dad, Poor Dad, Robert Kiyosaki, both recommend that starting your own business is the best way of giving you a fighting chance of generating that nice little retirement income.
It doesn't have to be risky.
Start with what you already know.
I'm now going to introduce a product I came across on-line called the Ultimate Wealth Package.
OK, the name is rather cheesy.
But bascially, it works like an on-line business or sorts, generating income for you from home.
We all have 24 hours a day.
Would you rather spend the extra time outside your working hours still at work, hoping for that raise, or take a chance and start your own business , where the harder you work, the more you earn.
And that money you earn is for you, not the company you work for.
I've got to be clear that this is not a get rich quick scheme.
There's work involved.
But once the groundwork is done, the business runs on its own.
So how does it work ? It's based on marketing products on-line.
One of the big advantages is that the cost of setting up a business on-line is a fraction of what it would cost to set up a physcial business.
There are no rentals to pay, no initial costs of goods etc.
The other big advantage is, you can do it from home.
You can actually come home from work, spend some quality time with the kids, and then settle down to work on it after they have gone to bed.
The Ultimate Wealth Package even provides the website, though the information available allows you to do it on your own website.
But for the less computer savvy, the website is provided.
even the products are provided.
There's a digital marketplace called Clickbank, which not only provides the products, it even handles the transactions for you.
You can select products that you are familiar with, so it's easier to for you to sell.
That's not the only income stream.
Ultimate Wealth Package teaches you how to make use of your website to generate additional income through advertisements placed on your website ( you get paid as others view the advertisements), and even how to sell your own products that you've created.
It even teaches you how to create those products ! It's filled with practical step by step instructions that teach you everything from marketing your website and the products to creating your own websites and products which will generate even more income.
The money keeps coming in, from the multiple income streams, even as you sleep.
It's called passive income.
And for the skeptical worried ones, it actually comes with a risk-free 100% money-back guarantee ! Of course, making the money is not the last step.
From here on, one needs to begin to learn to invest that money, so that the money continues to work for you, generating income while you sleep.
But that's another topic for another article.
I've actually put some of this information, plus more , with book reviews on managing your finances on my blog - [http://www.
whymoneymatters.
blogspot.
com].
You can also get the product link there.
I'm not talking about being really really rich - Bill Gates, Warren Buffett, Donald Trump sort of rich.
Most people dream of that, but in reality, we don't need that much money to be happy.
What we do need though is some form of security.
A nice little income stream, or a tidy nest egg in our later years, for us to use as we please to rest and enjoy the fruit of our labour.
A sum of money as a cushion in our bad times, or some money to help us see the kids through college.
The actual amount varies from person to person.
It depends on your needs.
But I'm sure one of our greatest fears is outliving our money, as our life expectancies get longer.
To end one's life poor and dependent on others for money is not part of that retirement dream.
The sad truth is, the days of working for a good company, staying loyal, and then collecting a pension for life are gone.
So what do most books on personal finance talk about ? One method I've noticed that comes up pretty often is what I call the scrimp and save method.
There are variations , like save before you spend, but the basic principle is the same.
Live a life of relative austerity today, in order to have a life of relative prosperity tomorrow.
The problem with this method is that it only works if you have another 30-40 years to go.
Then maybe the $1 you saved in 1960 will be worth $10,000 today, if you invested it right.
It also assumes that you have a sufficiently high income to allow you to live below your means and save enough.
Even assuming you are more inclined to be a penny-pincher rather than a spendthrift, it still takes a long time to generate enough cash to invest.
So how can one increase one's income ? There's always winning the lottery but we all know not everyone gets that chance.
There's also that hope of a raise.
We go to work early, leave late, hoping someone at the top will notice, and maybe give us a little increment , or a small bonus at the end of the year.
At the rate inflation is increasing, wage increases are barely keeping up.
One can buy less today with more dollars than before.
And it seems that the person controlling the potential wage increase isn't you.
So what now ? Most books written by rich people about becoming rich have a few common themes.
(1) They do live below their means, at least initially.
Living a life steeped in credit card debt is not the ticket to wealth.
(2) They have multiple streams of income.
The rich don't depend only on their salaries.
They get income from businesses, real estate and stocks.
There's only so much you can increase your salary.
But if there's income coming in from different sources, the amount can go up quite phenomenally.
(3) They own businesses.
Businesses not only give you a return that matches the work you've put into it ( when was the last time your boss noticed you worked extra hard), they can continue to go on giving you an income even when you are not there.
But everyone says businesses, especially small businesses come at a high risk.
If you accept that only 1 in 10 new businesses survive, it probably is true.
But risk is relative.
It depends on how much control you want to have over your own money.
Your money in stocks, for example, is at the mercy of the general investing crowd.
You salary is at the mercy of your boss.
Even real estate is not without its risks.
Author of Automatic Wealth, Micheal Masterson, and Author of Rich Dad, Poor Dad, Robert Kiyosaki, both recommend that starting your own business is the best way of giving you a fighting chance of generating that nice little retirement income.
It doesn't have to be risky.
Start with what you already know.
I'm now going to introduce a product I came across on-line called the Ultimate Wealth Package.
OK, the name is rather cheesy.
But bascially, it works like an on-line business or sorts, generating income for you from home.
We all have 24 hours a day.
Would you rather spend the extra time outside your working hours still at work, hoping for that raise, or take a chance and start your own business , where the harder you work, the more you earn.
And that money you earn is for you, not the company you work for.
I've got to be clear that this is not a get rich quick scheme.
There's work involved.
But once the groundwork is done, the business runs on its own.
So how does it work ? It's based on marketing products on-line.
One of the big advantages is that the cost of setting up a business on-line is a fraction of what it would cost to set up a physcial business.
There are no rentals to pay, no initial costs of goods etc.
The other big advantage is, you can do it from home.
You can actually come home from work, spend some quality time with the kids, and then settle down to work on it after they have gone to bed.
The Ultimate Wealth Package even provides the website, though the information available allows you to do it on your own website.
But for the less computer savvy, the website is provided.
even the products are provided.
There's a digital marketplace called Clickbank, which not only provides the products, it even handles the transactions for you.
You can select products that you are familiar with, so it's easier to for you to sell.
That's not the only income stream.
Ultimate Wealth Package teaches you how to make use of your website to generate additional income through advertisements placed on your website ( you get paid as others view the advertisements), and even how to sell your own products that you've created.
It even teaches you how to create those products ! It's filled with practical step by step instructions that teach you everything from marketing your website and the products to creating your own websites and products which will generate even more income.
The money keeps coming in, from the multiple income streams, even as you sleep.
It's called passive income.
And for the skeptical worried ones, it actually comes with a risk-free 100% money-back guarantee ! Of course, making the money is not the last step.
From here on, one needs to begin to learn to invest that money, so that the money continues to work for you, generating income while you sleep.
But that's another topic for another article.
I've actually put some of this information, plus more , with book reviews on managing your finances on my blog - [http://www.
whymoneymatters.
blogspot.
com].
You can also get the product link there.