Win-Win Income Strategies

Tremont in Great Smoky Mountains in Autumn

The most deliberate and dynamic path to reaching your financial goals is increasing your income. While there are many other facets of building a nest egg, such as spending smartly, planning and investing well, creating multiple streams of income can catapult your financial strategy. Teaming income methods with tax strategies offers a win-win for your financial plan. While paying as little as possible in taxes may sound like scarcity mentality, this strategy actually allows you to give even more to the causes you support; giving is an important element of wealth building, as outlined in my … [Read more...]

A $20 Life Changing Investment

What are Your "How To" Skills?

Creating multiple streams of income is one of the most powerful ways to increase financial security. If you are depending on only one income source, or one type of income, you are obviously at more risk than if you have additional income streams. Frequently, so much time is dedicated to that one income stream, however, that other potential income sources are not developed, even ones that require a small capital investment and are simple to create. Many types of new income streams require a lot of capital to get started, such as covered call income or real estate rentals. These are income … [Read more...]

What is Cash Flow

What is Cash Flow? Cash flow simply refers to the amount of money coming into and out of your accounts each month. When more money flows out than in, your cash flow is negative. When more flows in that out, you have blissfully positive cash flow. In reality, cash flow ebbs and “flows” (no pun intended, seriously) throughout life for most individuals. The most common way to have money flowing in is from a salary, but sometimes during periods between jobs or during transition times, salaries can be lacking. This is one of several reasons it makes sense to establish multiple streams of … [Read more...]

What Is Cash Flow?

What is Cash Flow? Cash flow simply refers to the amount of money coming into and out of your accounts each month. When more money flows out than in, your cash flow is negative. When more flows in that out, you have blissfully positive cash flow. In reality, cash flow ebbs and “flows” (no pun intended, seriously) throughout life for most individuals. The most common way to have money flowing in is from a salary, but sometimes during periods between jobs or during transition times, salaries can be lacking. This is one of several reasons it makes sense to establish multiple streams of … [Read more...]