Showing posts with label financial IQ. Show all posts
Showing posts with label financial IQ. Show all posts

Tuesday, June 16, 2009

Generating a Cash Machine

I'm currently working to develop my very own cash machine. Have you ever thought to create one yourself? It's simple, really. You just consider the things that you do well, and turn those strengths into a cash-generating little hobby. For example, do you know how to play an instrument? Teach some little kids how to play. Chances are, parents don't want to spend a lot on their kids who maybe just want to dabble, and you can charge a fee that's less than what an established store/teacher might cost. BAM! So you make $20 extra/week - doesn't seem like much at first, but then again, who couldn't use $20 extra this week and next? Know how to tutor, take photos, design some brochures, babysit, write resumes, mow the lawn...? These things seem simple, but they're easy. And chances are you've got a couple great and overlooked skills up your sleeve. So, have at it - figure out what you can do, and put it to work for you.



I began learning how to develop my own cash machine in one of Loral Langemeier's books. Visit her web site here, and learn how she became financially independent years ago. It doesn't take a million dollar idea to make millions... stop thinking so hard, and just do!

Thursday, March 19, 2009

I'm not surprised.

Of course the value of the dollar is declining, and it's going to continue to decline as long as the government believes that printing more paper is going to solve our debt crisis. This isn't news folks. Everyone needs to pick up a book, and enhance their financial education. A little reading can go a long way. A few books on my list of future reads include: Guide to Investing in Gold and Silver, The Creature from Jekyll Island: A Second Look at the Federal Reserve, Crash Proof, and Rich Dad's Prophecy, just to name a few. Luckily for me, that boy keeps me updated on what's going on in the economy. Check out his blog here.

Check out a few recent news articles:
Dollar slides after US Fed plan
What the Fed's action means for you