- 8. Add another income stream.
One thing that I learned over and over again from the wealthy this year is that they never rely on one income stream. They have numerous sources, which protect them from changes in the economy and also add up to the greatest numbers.
If you want to make 2015 your most lucrative year yet, your best bet is likely to add another source of income.
- 9. Focus on passive and residual income.
There is only so much time in the day, so it’s hard to build wealth quickly when you’re trading your time for money. Instead, the wealthy focus on building income streams where they can get paid over and over again for their work by putting their business or money to work for them.
Examples of this include the investing, owning real estate, running an online business, and writing a book. If you’re going to do the work, you might as well get paid over and over again for your efforts. Work hard, but also work smart, and you’ll much sooner find the freedom you dream of.
The wealthiest and smartest people in the world have something in common: They’re avid readers.
For very cheap or even free, you can get access to the most brilliant and inspiring people of all-time. Investing in yourself is the best investment you can make, and by reading, you are doing exactly that.
Whether it be audio or in print, books have helped change my life and bank account and can do the same for you.
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