Creating Income Producing Assets
Assume for a moment that you are sort on cash, but long on time. Not that hard to imagine that is it? Many of us are in that situation. However, you want income producing assets-- especially passive or residual income producing assets. So if you can't buy income producing assets . . . create them! Yes, create them-- make'em!
Spend the time (which you have, even if you don't have cash) and use the brainpower to develop an asset that didn't exist, but can and will produce income. Remember "real wealth" is created from income producing assets (Wealth Creation and "Assets").
Examples of assets you can create include:
- A book or song you write.
- A popular website
- A product you invent
- A software program you develop
For more ideas, see my post: Passive or Residual Income.
The real keys here are to:
- Stop complaining about no money
- Pull yourself away from the TV
- Put on your thinking cap
- Do something to help yourself and your family
Be prepared to fail a few times, just don't give up!