INCREASE YOUR ASSETS IN 4 STEPS

Your wealth is a combination of your assets and the income you generate from those assets. It’s amazing how quickly your assets can increase when you actually focus on it. Try this 4-step process to increase your assets faster than you ever thought possible.

1. Get rid of the stuff you don’t need.

  • Sell everything you own that you don’t really need or love.
  • Fire up the computer and put it on eBay or Craig’s List.
  • Take the smaller items and have a garage sale.
  • Take that money and invest it in something that will make more money.

2. Evaluate your current investments.

  • Take a look at what you already have.
  • Do your investments make sense for your individual circumstances?
  • Get educated or hire an expert to help you.
  • Ensure that your money is invested in a way that works for you.

3. Look at your spending.

  • Eliminate unnecessary expenditures that don’t add value to your life.
  • All that extra money could be put towards increasing your assets.
  • Do you have a budget? That would be a great first step.

4. Keep your hand out of the cookie jar.

  • Your assets will grow and compound far more quickly if you’re not taking money back out.
  • Once it’s invested, do everything in your power to leave it alone and let your money do its work.

This process is very simple but very effective. In a nutshell, you’re selling assets that have no value for you, freeing up additional funds via a decrease in spending, and then ensuring that all of those funds are being utilized in the best way. Start increasing your assets today and you’ll be glad you did!

Exploring and Developing Additional Income Streams

Exploring and developing additional income streams are worth your time and effort. As a person who cares about your financial affairs, surely you’ve tried to think of different methods and strategies to keep money flowing in. After all, the more income streams you have, the better life you can live and the more prepared for the future you’ll be.

So how do you go about trying to find ways to bring in more money on a regular basis?

Use these ideas as your inspiration to discover your own strategies for getting additional income streams flowing into your bank account:

1. Do a thorough self-evaluation. List every talent or skill you have. Be open-minded during your self-evaluation. Then, explore how you can earn money using these skills.

* Are you good with numbers? A fast typist?
* Have you often written lyrics to songs or recorded your original short stories?
* Maybe you can sew, make a yard look great, or think creatively.

2. Consider how you might use the internet to bring in money. You can start your own website with only a few extra dollars.

* Get a domain name and hosting and use WordPress.org for excellent, easy, and free website management software to set up and run your site. A domain name at GoDaddy.com costs less than $15 and you can host your website at HostGator.com for only a few dollars per month. There are plenty more excellent places to acquire domain names and hosting as well.

* Add on advertising to bring in some income.

* If you like to write poems or report on local news, you can write articles and post them at one of a number of websites and earn money for your page views.

3. Also using the internet, take on work you can do on your computer during your spare time. The number of worksites online is mind-boggling.

* Sites such as oDesk, Elance, and others provide listings of work that is available immediately.

* If statistical typing, writing short blurbs, or helping internet entrepreneurs to organize their website information are skills you have or can develop, your financial future is rich with opportunity using the internet.

* Bringing in steady money online is a realistic income stream to start developing today.

4. Consider turning your hobbies into income streams. Maybe you sew well or can design and make purses to sell. Or maybe you’re a fix-it person and actually like doing repairs for others. Arts and crafts projects also sell well.

* Even 4 or 5 hours per week of a marketable hobby will provide an additional income stream.

* Plus, you’ll improve your skills and level of creativity by continuing to make and sell your crafts.

5. The key is to think out of the box. Refuse to allow your anxieties to get in the way of trying something new or different to get an income stream going.

6. Be brave. If something doesn’t build the way you hoped, start another new income stream.
Confidence is an important aspect of finding and developing additional income streams.

* Remember that when it comes to the internet, the possibilities for earning money are endless. Keep working at it and don’t give up.

Open your mind to the many possibilities that you have all around you for additional income streams. If you push yourself to go forward and start 2 or 3 different activities to bring in a trickle of cash and keep it going, a few years from now you’ll be surprised at the impact you can make on your budget as each income stream grows.

Explore and develop at least two additional income streams over the next year and watch your income soar.