Wealth Creation Blog

Passive residual income is money that you can spend any way you like, such as a beach vacation. When your passive residual income comes from multiple sources, you are well on your way to financial freedom.

Basically, passive residual income is the money that you are paid again and again for a job that you only do once. This type of income makes it possible for your to take a week or so off to lounge around the house, take a vacation or simply sleep in a couple of days. Passive residual income continues to bring you money even when you do not go to work.

The Ticking of the Clock

To learn more about passive income, you need not look any further than the face of a common analog clock. Imagine that every minute on the clock is fifteen months in your life. The entire hour would represent seventy-five years of your life. Your career should begin at about sixteen minutes or so. If you keep working until you are of retirement age, typically sixty-five years old, fifty-two minutes of your life hour is spent working.

Typically, the most productive time in our lives are from the sixteen minute mark to the fifty minute mark, give or take a couple of seconds. You start your job, work toward a raise or promotion and hope the company does not decide to downsize, requiring you to begin the entire process once more. This process is ongoing for as much as thirty-six minutes of your life hour.

When you effectively create multiple sources for passive residual income, you are able to accomplish in less than three and a half minutes what you struggle to get done in the entire thirty-six minutes of working hard. If your only income is from a job, if you stop working, the money stops flowing. With multiple streams of passive residual income, you only have to work when you want to and the money keeps coming. It is possible, if you follow an efficient multiple stream income plan, to be financially free in four to five years, give or take a second or two.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2009

We have all been there. You save and save until you have a little extra money put back, but once you build an amount of any significance, you are ready to spend it all. You probably have a few things in mind that you would like to buy, restaurants you want to eat in and exotic places to which you want to travel. After all, the sole purpose of money is to spend it. If you do not spend your money on the things that you want, it just continues to sit in your accounts.

Obviously, there are going to be times when you need to cut back on your spending and hold onto your money a little tighter. Times like these are when you have to spend your money on things like utility bills and mortgage payment that are necessary to survive. You pay for medical care, home repair or taxes with the money that you save.

This is the reason that it is so important to protect your money. The biggest problem with money is that it is so easy to lose. Money is spent on possessions that we do not need or we make less than favorable investments. However, in some circumstances, there are people who will try to take your money from you.

It’s Your Money, You Spend It

Protecting your assets is of great importance in order to prevent malicious characters from gaining access to your finances. You work very hard for the money that you have, but if you do not take the necessary precautions to keep your money secure, someone else may reap the benefits of your hard work.

Another reason to monitor the security of your finances is so you will always be aware of where your money is and exactly how much of it you have. When it comes to the safety of your finances, good documentation is a must. If you take the time to protect your assets properly, you will always know what is going on with your accounts.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2009

One of the biggest problems that many people around the world are having these days is not having enough money to live the way they would like to be living. Many people not only lack the funds to buy nice goods and services that make significantly more pleasurable, but also lack the money that they need to pay for shelter, clothing and food to eat. A lack of money eventually leads to a feeling of insignificance and weakness. Over time, some people begin to feel that life has been wasted and there is no hope to recover.

The possibility of an exact science to wealth creation is ridiculous to many people. These people believe that wealth is of limited supply and there is not enough of it to go around for everyone. These people also think that huge changes to government and society must be made for some people to have a chance at financial freedom.

Beliefs such as these could not be farther from reality. If you look around, you will see that it is true that there are poverty-stricken people all around the world by the masses. However, if these people were to learn the principles that the wealthy know well and act on what they learn, their world could definitely change. It is possible for anyone to rise from poverty and achieve financial freedom.

The exact science of wealth creation goes hand in hand with the laws of God. In order to truly achieve the wealth that you desire, you must learn how to connect with a higher plane of thought. The truth is that God’s supply of wealth is limitless; it will never run low, nor will it ever run out. You must believe that you will be wealthy because God wants you to be wealthy and get the most out of this beautiful world that he has created. All you have to do is believe in God, yourself and the wealth that you want to create.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2009

If you are considering ways to create wealth, you are most likely familiar with the general terms for building your investment strategy. It is important to build on what you know by becoming more specific is the ways that you apply your wealth building block in order to create infinite investment options. Although, there are a great number of options available to create wealth, the basic strategies include bonds, cash and stocks. Now, let us take a closer look at all three.

Bonds

Bonds are also known as ‘debt instruments’. Basically, they are the way that companies on all different levels of the government have access borrowing to money. Fundamentally, when you purchase a bond, you are in fact loaning out your money. In theory, you will in return receive payments of interest in addition to the original amount once your bond matures. Rarely, do investors hold the bonds until they are mature. The bonds are typically purchased, and then it is sold on the secondary market several times over as the bond ages. This means that the actual face value of the bond is susceptible to variation.

Cash

If you hear someone talking about the amount of cash that they have in his or her portfolio, this does not mean the actual cash in their wallet. They are speaking of cash investments. With a cash investment, the amount that you invest does not fluctuate. Plain vanilla savings, money markets and CDs are common cash investments.

Stocks

If you own stock in a business, you own part of that business. You may only hold a few shares, but no matter how small the percentage ownership is ownership. Now this does not give you the right to go to the home office and tell the CEO how to run the place, nor does it give you the right to wheel out an office chair or eat a snack in the employee lounge. Holding stock in a company simply means that you are entitled to a portion of the money that the business earns. For example, if your shares add up to 10% of the company and the company earns $100, 000, your shares are worth $10,000.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2009

Today, it seems as if the majority of the world population is not willing to do what is necessary to create wealth successfully. With just a couple of little changes to your daily routine, you could significantly increase the amount of wealth that you build over your lifetime. You must be able to recognize that becoming wealthy will change your life, and the road to great wealth is quite a journey.

Develop Your Natural Skills

The fact is that anyone, no matter what race, age or background you may have, has a chance to build substantial wealth. Yes, there are a lot of classes and workshops out there that can help you hone your wealth creation skills, but the truth is we all have a moneymaking gene; we just have to be willing to put it to work. The secret to creating wealth is that you must be willing to learn and develop the characteristics and habits that you need in order to reach you goal of true wealth.

Believe In Your Wealth

If you want to achieve wealth, you have to believe with all your heart that it can be done. The laws of attraction are a powerful force; therefore, if you think you can, you can. You must develop a wealth mindset. Once you have your mindset on wealth, there will be no limits to your prosperity.

You may find a few setbacks along the path to true wealth, which is to be expected. You must have the willingness and desire to pick yourself up and start going once more, no matter how many times you fall. Keep in mind that if you never stop, you will be unstoppable.

To overcome a setback, simple retrace all of your steps until you find out where things went wrong. Once you know what mistakes were made, you will be able to learn from them. Better yet, invest in time with a mentor who knows all of the trials and tribulations on the way to wealth. You will be able to learn from their mistakes without having to make any of your own.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2009