Here's the key thing: you need enough money for a down payment on the 2nd house. You aren't going to sell house #1 and use your equity for the down payment on house #2. Bottom line: You need to have enough cash set aside for the down payment on house #2.

Using a work at home based business model marks a place in the future where, if we do the work to become successful, have a mentor, and a community to support our growth, we will truly experience success.

While Kiyosaki spends most of his book talking about how to increase your earnings, he also explains how passive income and compounding interest rates can really help you to save money. By developing passive income streams you can allow today's effort to pay of big time even when you are not actively working it in the future.

A business is a great way to build your wealth because it is like tending to a farm that can help you harvest money. Just think of it this way - it's like planting a seed which represents the hard work you put into the services and products you provide to your customers and once they're ripe for the picking, you only have to harvest them and put it in the storage.

If you find yourself super busy with no time to sit and watch the clouds change form, you might want to look at your reasons for saying “yes” to an activity. Do you have a need to please? Do you think you are the only one who can do it right? Is it something that used to serve you to do but doesn't any more? It's OK to say “no.” It's OK to elect to do only a certain portion of a project rather than be the leader. It's OK to stop doing some of the things you have been doing out of habit. Take a good hard look at why you are doing the things you are doing. And make a fresh choice. Accept only the ones that serve your current values and business strategies.

What is most attractive about network marketing is the passive component. A company should provide your efforts with the opportunity to be multiplied as more and more people join your team. I love the concept of getting paid over and over again for work that I did just once.

So what you want to do is make some extra money on the Internet. And become frugal by cutting back on things you don't need. If done right, you should have plenty of money at the end of the month. Use that to pay off your debt bills.

There are many people who offer lots of different things like this. Perhaps you're a coach who does life coaching and business coaching and spiritual coaching and you find you're having a problem defining what you do so that people say, “Oh, I know exactly what you do. I want to work with you.” A lot of times I will say to somebody it's really difficult to drive two cars at the same time or ride two horses at the same time. I don't know anybody who can do that.

To often people keep their savings in a traditional savings account. However, they could be earning higher interest on that money be investing in a high interest savings account, high yield cds, high interest money market accounts, or stock or bonds. Any of these option typically pay better than the tradition brick and mortar bank savings account.

I made a typical weekly schedule in Excel and used colors to delineate the time spent on each project. I work at home. I am at my desk at 9 AM, take a 15-minute Falun Gong movement break mid-morning and get a cup of tea, take a half hour for lunch, and stop around 5PM. Often I go back into my office for another hour and a half at 7:30 or so. Saturdays are absolutely set aside for creativity and Sundays are lie-about-smartly days. Adjust them to your needs and expectations.

Now that you've got a great product to sell, you need to setup the systems to sell it. In order to make this a passive activity, you need to set it up so you don't have to be present for the sales process to run. It needs to run completely on autopilot.

Keep building backlinks to your article. The anchor text should be your keyword phrase, always. rewrite your articles as many times as possible and submit them to other article directories and/or blogs, and have them link back to the original article. This will improve your article's rank. Rinse and repeat, with new articles. Inevitably, your list will grow and you may even become recognized as a guru in your niche. That is an extremely valuable thing.

Now, I believe that with these 5 tools, your brain will be swimming with niche ideas! Just jot down everything that caught your eyes, and pick one to go. Remember, don't fall to the “perfectionism” trap, it's deadly! Nothing comes from doing nothing, therefore, it's time to act.

While Kiyosaki spends most of his book talking about how to increase your earnings, he also explains how passive income and compounding interest rates can really help you to save money. By developing passive income streams you can allow today's effort to pay of big time even when you are not actively working it in the future.

Goal setting has been mentioned many times as is viewed as common sense, but yet many people don't set goals. 'Getting rich' is not a goal. What exactly is 'rich' to you? Is it a million dollars? Is it a monthly income of ten thousand dollars? Set a definitive goal that you can reach towards.

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