The biggest secret that I have ever seen is that of passive income. This is money that keeps coming to you day in and day out and you don’t have to do anything for it. It has to be a real secret because I don’t know many people who are taking advantage of it.

You get passive income from commissions, franchisees, royalties, investments, shares, capital growth , trusts, and property. In short, anything that allows income to flow to you while you do something else is passive income. This means you can be working a normal job or you can be out partying all night or you can be sleeping and money will still be coming in. It is always working for you.

The clever person’s way of making money is through passive income. Whoever said you had to work hard to make money was lying to your face. This is what the worker does, they work hard and get no reward for their efforts, except a pink slip. There is no way you can get rich working for someone else. You might as well buy a lottery ticket and hope for the best.

So if you really want to have your income in your own hands, you need to do something about it. So figure it out so you can get passive income coming to you day in and day out. In turn, you can have the life you want to lead.

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‘Ah, home sweet home.’ You think to yourself as you pull into the driveway after a hard day’s work. Finally, Friday has arrived and it could not have come sooner after this very tiring week. You climb out of your brand new SUV and walk through the door into the kitchen. The family is scattered throughout the house and you go to greet each one.

The significant other is in the office looking up the menu for that new restaurant downtown. They have a bacon wrapped fillet that already has your mouth watering. Now the hunt is on for the kids. You find the oldest in his room listening to music and talking to his girlfriend on the phone. You say hi and abort ship because he is planning on going to the mall and that always leads to some form of begging.

Finally, you seek out your daughter. She is guaranteed to be where you want to end up…the living room. Your suspicions pan out to be reality. She is watching some cartoon and lying on the floor. After giving her a hug she cuddles up next to you on the couch and you watch the television together.

Sounds like a pretty typical day, doesn’t it? In the course of ten minutes you went from your car into your home and all throughout. Think of all the things you touched and saw and all the things that were in use by your family. There were all those plans being made which involved dinner and shopping. All of these things cost money. Sometimes we actually own those items and other times they are owned by a bank or creditor. How many of these items that you passed are owned by you?

We all want money. It seems like every time we look around there is something about money. Most of our decisions are based off of how much things cost. There are those that will drive an extra mile or two to save a few cents per gallon of gas. Those few pennies saved will make up for all those items that we just bought on credit. Isn’t it fun to fantasize about having the big house on the block or living on the beach? Why is it, then, that we bury ourselves in debt?

We use credit cards to buy clothes and jewelry. It is unheard of to buy a car with cash in today’s world. Who is the last person you know that actually saved the 20% for a down payment on their home? Who cares, we will always be in debt? If you like living paycheck to paycheck, then stop reading right here.

For everyone else, I am going to try and help dismiss some of our current myths that we all are brought up to believe. Also, we are going to discover some different ways of looking at things to help us make our money work for us. Many of the things you read will be VERY tough to swallow. We all need to be honest with ourselves before we can ever make a change.

First things first, we need to get to the root of the problem. We all have a fascination with material things. We are constantly trying to out-do the Jones’. This here was tough enough in the old days but nowadays there is a new Jones family. Celebrities.

Tabloids talk about the multi-million dollar homes and luxury cars. Television bombards us with the newest fashions worn by the A-List stars. Trends are set by what the popular music stars are doing. These are now the Jones’ that we are trying to keep up with. We tend to forget that we are not making the same income as them. When you break it all down they are spending a small portion of their budgets on these items.

Now back to us. We want to have these same things. We want to appear to have money. The ironic thing is that we are willing to go way into debt to present the image that we are rich. Being in the military, I have seen this played out hundreds of times. Brand new enlistees are finally getting a steady paycheck, some for the first time ever. They see they have $800 a month after taxes. They go buy a car, with no credit history, that has a payment of $400+ a month. Take into account that their insurance is sky high because they are newer drivers. Now we are looking at roughly $650+ a month!

Almost an entire month’s pay goes to a vehicle. This then starts the downward spiral. ‘You can not drive a car this fly wearing these old rags.’ There is not any money left over for clothing, what do you do? Get a credit card! Whew, you almost were stuck in a rut there. ‘This credit card balance is too high to pay,’ so you pay the minimum payment each month which gets you nowhere.

This example has not even touched all of our gadget fetishes and entertainment “needs.” I haven’t discussed those paying rent or mortgages. The trend here is the important part of this scenario. The moral to this story is that we are more worried about looking like we have money than actually having it.

To learn more about getting out of debt and securing your financial future go to: http://www.inspiretomorrow.com/Books/ebookstore/moneyfortomorrow.html

Joe Lawrence is the creator and president of InspireTomorrow.com. He is a true student of life and is a firm believer in the whole person concept. If you spend five minutes on his site you will come out inspired! http://www.inspiretomorrow.com

And to pull it off, you have to start with a definite desire, a goal of how much money you’d like to earn. First, think of the amount you want, and then write it down. Second, read this financial goal daily until it becomes a burning desire.

The root meaning of the word desire is “of the father.” It is your Father’s pleasure to give you the keys to the kingdom, but you do have to ask for it.

You can even consider the word “ask” as an acronym. When you A.S.K., you ASK so that it will be given to you, you SEEK so that you will find, and you KNOCK so that the door will be opened.

The purpose of your life is to express yourself constructively, not destructively.

You will express yourself constructively by setting up clear financial goals for your life.

And you will express yourself destructively by default, by drifting. When you drift the law of entropy will put you into a position of scarcity, and it is out of desperation that you may do destructive things.

Setting up a financial goal is to make a choice. Out of the infinite possibilities, you are choosing what you want.

Deepak Chopra, who came to America as a poor medical doctor from India and who now makes 20 million dollars a year, made the sage comment that you would not have a desire if you did not have the means to fulfill it.

Of course, at first blush it does not look this way at all. Your desires do seem out of reach and you have no idea how to fulfill them.

However, when you do create a financial goal, your mind then becomes active in finding ways to fulfill it, and through a process of trial and error, you eventually find out what you need to do to move closer to fulfilling your desire.

Emma Curtis Hopkins, a great writer at the turn of the 18th century, once advised, “Sit down at a certain time every day and write down on paper what your ideas of good are. You will find that such a practice will pin your mind down to the truth, and you will demonstrate results.”

If your financial goals are not clear in your mind, you will simply drift along, moving into the future without any decision or definite purpose. Only clear and definite financial desires have a chance of showing up for you. Without them, you will simply become subject to the dominating personalities around you.

A vague desire to get rich is not enough to be prosperous. You have to have a definite figure in mind. Of course, you can always expand on this figure once you reach it, but you do have to start with a solid number.

The ways and the means for you will then become increasingly clear.

Figure out “how much” first before you work on “how.” This is how your journey to wealth will begin.

The vision of a “golden life” varies with each person. How essentially simple life is, and how we complicate it. Have you ever wondered how to make major changes in your life? Action assumes importance as you contemplate making changes. Most of what you have encountered in your life, so far, is the result of your beliefs. There are two great blessings in man’s life, thoughts and action. To change your life you must start by changing your habits of thought. “Impossible” and “can’t” must be removed from your thought processes. Science has proven that when you think you can do something that your mind will find a way to do it. Once the mind has found a way to accomplish what you desire, then action is required. Where there is action, there is life and creation. One of the turning points in your life will be when you discover the power of action, your power of action. Life has an amazing way of working out when you choose not to give up, but to harness your power of action.

Do you want to have a wildly successful business? For maximum effectiveness in life, love or business, it helps to have the right habits. Wisdom with the power of action is the true secret to wealth in life as an entrepreneur.

One of the laws of success is that the universe rewards those who take action. Action is the foundation of success. You are programming yourself for greatness and success when you take action on your goals and ideas. Acting on your goals will bring success into YOUR life. There can be no success without it.

Awaken your potential knowing that the power of action is within you. The power of action is just like dropping a stone into a pond. The ripples continue outward affecting everything around you. Education is great. Knowledge is great. Experience is great. Planning is great. Ideas are great. But the power of action is gigantic. Without it the rest is useless. You must take action to get what you want.

Once you know what your assets are, and you know what your liabilities are, then you can calculate your Owner’s Equity. Then you can develop a financial plan to reduce your debt and achieve your financial goals.

Here is the Generally Accepted Accounting Principles (GAAP) accounting equation:

Assets = Liabilities + Owner’s Equity

Let’s start with the right side of the equation. First, you must calculate the amount of your outstanding liabilities. This means you write down in a list exactly how much you owe right now on your mortgage, credit cards, and any other bills or loans.

Next, let’s go back over to the left side of the equation where the assets are. Make a list of every asset you own. Examples would be your cars, home and cash you have in the bank. List all of your major assets.

Now we will determine your Owner’s Equity. Simply use this variation of the preceding equation to arrive at your present Owner’s Equity (how much you really own):

Assets – Liabilities = Owner’s Equity

If you want to increase your Owner’s Equity you must pay down your liabilities and avoid borrowing more money to buy more assets. Responsible saving, investing and proper paying down of your debts is crucial to your financial success.

Most experts agree that you need to allocate money every month for all these areas of your financial plan. It is not enough to just save some money in the bank. Because if you are carrying a credit card balance at the same time, you are losing all the benefits of the interest coming from your savings account.

Here is an example of a good financial plan:

1. Take the money that you are presently putting in your savings account every month or investing in other places and divide the total amount by 3.

Then,

2. Pay down your outstanding debts with one third of this money every month.

3. Take one third of this monthly allocation and simply place it in your savings account at your bank. This will be the pool of money you can use to balance out your monthly needs. As this money grows over time you can use it to finance your family’s future needs or apply it to the goals of your financial plan.

4. Use another one third of this money and buy 1-5 year Certificates of Deposit. It is best to save up enough money to buy a CD of $1000.00 every time you invest. A good rule of thumb is to buy one CD every three months to six months. Remember to keep enough cash in your checking and passbook savings for any emergency.

By adhering to these tips you will pay off your liabilities in a timely manner. When you invest in 1-5 year CDs you will be earning interest and compounding your money by purchasing more CDs at specific intervals.

The biggest roadblock to financial success is accumulating a large credit card debt and not paying it off as fast as possible.

It is also recommended that when you have enough money saved up in your regular savings account, you begin to accelerate your mortgage payments every month. Check with your mortgage lender to see if your mortgage allows you to pay more per month than your regular payment. If so, start to pay more every month on your mortgage than you are required to. You will build equity in your home faster, save on interest charges and retire the mortgage much sooner.

By using a proven financial strategy such as this one you can reduce your debt faster, and build wealth for your family quickly. The above steps are by no means the only way to build wealth. These principles are basic and necessary though. Your family can be on the way to a brighter financial future when you prioritize your spending, saving and investing habits. After all, it’s your money; why not put it to its best use!

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We are surrounded by abundance. Nature is lavish, even wasteful in its abundance. Anyone caring to look will find an abundance of love, joy, money, and health is readily available to everyone willing to accept them. If there is any lack in our lives it’s not because there is not enough, but rather, because we are limiting our intake. What we receive in life is controlled by the limits we place on our emotions, behaviors, thoughts and actions.

There are many factors involved in why it is so hard for us to open the valve controlling the flow of abundance in our lives. By the time we become aware of the fact that we create our own limits, the beliefs and habits we’ve developed that produce these limits are so ingrained they are very difficult to change.

Society also has its role to play. Since most of the world’s governments have become capitalistic societies, it’s in their best interest to promote conditions and belief systems that produce large numbers of have-nots. Simple economics tells us that in order for capitalism to thrive, there must be a large supply meeting a large demand and you must have people who are in debt to create a large enough demand to consume that large supply.

The simple reality is that the governments of the world make their money from our poor health, debt, and our struggle to “just get by.” Their abundance is dependant on our lack.

But this does not mean we have to accept these limits. While it’s true that most people will never take advantage of it, information about attracting wealth and prosperity is freely available to anyone caring to look. And the law of attraction says that the more you look, the more information you will attract. What fills your life is what you focus on.

Learning to create abundance in your life is about much more than simply creating material wealth, it is about enriching your Self as a whole. When you begin to understand the principles and laws that govern Abundance, you begin to understand that you are not constrained by the conditions of the economy or the amount of your present income.

Your ability to increase your wealth, live in abundance, and have financial freedom is all based on your understanding of the universal laws that govern the flow of energy controlling your ability to turn potential into reality.

Yet there is more to creating abundance than simply placing an order and then sitting back to wait for its delivery. You have to be giving something of value, adding to the flow, in order to make this work. When this is the case people are more than willing to pay for your contribution.

Wealth, money, success, love, and health are all forms of energy. Being part of the flow means that you are a participating member. Once you understand how to operate in the flow of that energy, you learn to work with the Source of energy and actively create your reality instead of simply letting random thoughts create a chaotic existence for you.

Abundance is about living a healthy, vibrant life with a purpose and experiencing the joy that comes from possessing a strong sense of Self.

In the vast majority of cases, it’s to escape the income trap a normal worker-boss relationship perpetuates – i.e. if you stay a “worker” then you stay in this one-to-one relationship that exists between worker and boss, where you exchange your skills and effort in return for a fixed wage every week.

The only way you can get money is to come back and do the same things all over again next week… or maybe do a little more work to get a little more pay.

This linear relationship – you work, and then get paid – fixes your income. It commits you to a life of “more of the same” week in and week out, and never really provides the extra needed to escape this cycle.

Now since the “boss” appears to be the winner here, the theory is that becoming your own boss is the first step on the road to wealth.

But is it really?

When you think of someone who is self-employed, whom do you think of?

Do you think of trades people like a plumber or mechanic? Perhaps you think of a shopkeeper or take-away shop owner?

Have these self-employed people escaped the linear income trap and put themselves on the road to wealth?

No! They are still earning a linear income, because they only make money once from each person they sell or provide a service to.

While they can maybe earn more than they could as a worker, it does come with the added costs of working longer hours, extra responsibility, and financial liability. And their income potential is still limited because they can only work for a fixed number of hours.

When seeking out self-employment opportunities, avoid those that revolve around linear income where you repeatedly do the same tasks in order to earn an income.

Instead, locate those opportunities that allow you to build residual (or passive) income.

While these do take some effort to set up initially, only a little maintenance is needed once underway to keep the income flowing in.

And what are you doing while it’s earning money?

If you are smart, you are looking to find and build another opportunity to generate recurring, long-term income for you, while you sleep, when you are on holiday, or even after you’ve retired!

Whatever you do as a self employed person; you will have to work hard at it to make it work.

But think smarter as well…

Chase passive, residual income, and wealth is a lot easier to build.

In Matthew 19:24, Jesus states, “And again I say unto you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God”. This is repeated in Mark 10:25.

Luke 16:19-31 tells the story of Lazarus and the rich man. Lazarus, the beggar died and was carried by the angels into Abraham’s bosom, while the rich man ended in torment.

On the surface, this seems to indicate that God does not look favorably on the wealthy. But how do we know where the line is drawn between securing our future and becoming rich?

We must remember that there are several rich, yet righteous men throughout the Bible.

Job was a rich man, blessed by God in many ways until Satan was allowed to test him.

Satan took everything he had and killed his children, yet Job remained righteous.

Once again, God allowed Satan to test Job by covering him with sore boils from the sole of his foot unto his crown.

All that Job had was gone, except his wife, who promptly urged Job to “curse God and die”. How is that for support? Obviously Satan left her behind for a reason.

Yet, in the end, Job remained righteous and loyal to God. He also showed great compassion by praying for his three friends, Eliphaz the Temanite, Bildad the Shuhite, and Zophar the Naamathite, who had not spoken of God the thing that is right (Job 42:8).

God rewarded Job by blessing him with twice as much as he had before. He was blessed with seven sons and three daughters and lived another 140 years.

So what does all this mean? Does God want us to be rich? When Jesus spoke of the camel going through the eye of a needle, was he suddenly changing the rules?

Not at all. Jesus knew that money meant power and that power corrupts even good people.

Bill Gates is one of the wealthiest, if not the wealthiest person in the world. Yet he regularly gives millions of dollars to worthy causes every year. This doesn’t mean he is going to Heaven, but it is a step in the right direction.

But for every Bill Gates in the world, there are many Scrooges, who never think twice of cheating the poor to pad their own bank accounts.

It is not wealth that condemns a person, it is what they do with it.

If you are one of the lucky people who have wealth, consider this. Do you own your wealth or does it own you?

You may wonder if you will ever be wealthy? Let me tell you the answer is a resounding YES, if only you will accept some facts about wealth. Wealth is not as elusive as many would believe.

First you need to recognize that you are already wealthy if you are reading this on your own computer. You are living better than kings of years gone by. Warm homes, hot meals and all of the things we take for granted in a free society make us wealthy.

The problem is we do not consider this as wealth. We take it for granted. Living from paycheck to paycheck and not having the finer things in life tells us we are poor or at least not wealthy.

Wealth starts as a state of mind. You will usually get what you focus on most of the time. Focus on bills and you’ll have a hard time paying them. Tell yourself daily how bad you have it and you are focusing on poverty.

Paraphrasing a popular quote, “Whether you think you are poor or you think you are not, you are correct.” Wealth starts in your mind. So focus on the abundance around you now. It does not matter how many bills are piled up, or how bad off you think you might be, there is still abundance around you that is yours for the taking today.

There are opportunities around if you will look for them. If you focus on what you have now and look for opportunities, you may just find some. You are sure more likely to find opportunity if you are looking for it than you are if you are not even paying attention.

Right between your ears is where you will find abundance that leads to financial wealth. Take time to look around you. Is there anything in your current situation that could make you more prosperous than you are today?

One step to becoming wealthy is to let go of old notions of wealth and think prosperity. Interchange those two words and you begin to have a better chance of gaining wealth. Take it one step at a time. Maybe you are already prosperous, but just do not feel wealthy.

Next is to simply begin looking for opportunities that could gain you wealth, prosperity and a new focus in life. You often find what you are looking for.

Financial wealth comes when we apply ideas we have to the simple act of taking action. Action is the key to the beginning of wealth. Take some action today and look around you for things that you could do to increase your income.

Your community may need a service or product you can offer. The internet offers many opportunities from programming to graphics to website development and more. Your home may become a workshop for a new product you develop. You need to start focusing on finding answers.

Look for ways you can make little changes in your daily life that lead toward more success. Could you give up some TV and do some reading on a subject that interests you? Could you buy a course or even find books at the library on a topic that you might earn income from?

This is a short report to get you thinking, not to give you all the answers. If you can take a thought from here and apply it to your life then these words will have done their job.

Seek answers all around you and you may be surprised at the answers you can find; answers that were there all the time. Answers that you already knew, but never focused on long enough to realize their value. Start today and look for answers that will create more wealth in your life.

For the average person when they think of wealth building, they focus only on controlling their spending and coming up with a budget. For these people they will never become truly wealthy in their lifetime. If you do have a budget though, you should be congratulated. You are further ahead than 90% of other Americans. But if you truly want to get ahead, you need to do more.

Another way some people go about wealth building is by trying to pay themselves first. The recommended amount is at least 10% of you gross income. Again, most people become overwhelmed by this seemingly high figure of 10%, not knowing that it is okay to start small.

If you aren’t paying yourself first, try to start out by paying yourself at least 3% of your gross income, and then gradually try to work your way up to 10%. Each time you get a raise or a bonus, add that to your savings as well.

Paying yourself first is just another term for saving money. But in order to become truly wealthy you need to increase your income, not just try and save an extra couple of dollars out of your paycheck. So how do we go about trying to increase our income?

Well, there are many ways to increase your income. The easiest way is to simply get a part time job and work more. While working more for someone else will increase your income you need to think bigger and also if you are a typical American you are already working over 50 hours a week.

What you need to do is start working for yourself. You can do this by either starting a business, buying a business, or buying a franchise. No matter how you do it, try to build a system so that once the business is up and running you can be free to do other things.

No matter how you define wealth building it is important to start right now. Time is one of the greatest factors when it comes to wealth building, so use it to your advantage.