I love cash. I agree with the statement that cash is king. At the same time, I feel that giving to charity is incredibly important. It may make you feel uncomfortable listening to someone who talks about money all the time, however my four fathers gave me the right to write about anything. So how does someone make money in this economy today? Let me share a couple of ways.
First, invest in real estate. Sure the economy tells you “no way” to this strategy however RIGHT NOW is the opportunity to get into buying and renting property to create multiple income streams. There are ways that you can leverage creative financing so an excuse of “I have no money to do this” should not apply.
Second, learn a work at home trade that pays well. For me, I recently taught myself how to write government grants which is advantageous in two ways. First off, you will primarily be doing your work for non-profit organizations that don’t necessarily have the specialized skills to write a good grant application. Second, the money is very good if you are successful.
Lastly, spread your money around. A wise person once told me that in order to prosper financially, you MUST have several streams of income. Think about possibly becoming a money lender. Sure you can do this the illegal way (often referred to as a shy (shylock) business) charging exorbitant amounts of interest and muscling your way to payments. Or you can do the same thing legally on www.prosper.com which nets much less on the interest rate all done through the web. Alternatively, you can mix this idea with property investment and become a “hard money” lender. The options are endless.
So what does this say about me? Well, I have explored and exhausted several ways to make money and with this medium I am able to explain to everyone what has worked for me. Although I give to charity, you may still think that I sound like a money hungry stuck up individual. Irregardless, you should always remember one thing. Cash is king!