Stop Making Money
and Start Creating Wealth
By: Rasheed Hooda

“Judge each day not by the harvest you reap, but by the seeds you plant.”
Robert Luis Stevenson

Whenever I talk with people these days, I hear stories of how things are rough. How it is getting harder and harder to make ends meet. How you can’t even get by on two incomes any more. When I ask them what they are doing about it, almost always the answer comes along the lines of, “I’m working two jobs, or I am looking for a second job.”

While adding an additional source of income to your current one is always a good idea, getting a second job, however, is not the best solution for your long-term financial affairs. There is a big difference between making more money and having more money, and even bigger difference between making more money and creating wealth.

Making more money may make you rich, but to become wealthy you would have to create wealth. The difference between the rich and the poor is that the poor go broke while the rich go bankrupt. Wealthy people, on the other hand, keep getting wealthier. There is a distinct difference between the rich and the wealthy. Rich people have more of what poor people don’t have, while the wealthy have enough of whatever they want.

So how do wealthy people do it? They understand leverage and use it to create wealth. They understand that you can accomplish more from 1% of the efforts of 100 people than 100% ofyour own efforts. They understand the value of dynamic income vs. linear income. Instead of trading time for money again and again, they invest time in activities that pay them again and again over a period of time. They control their expenditures to create and add to their savings, and then invest that savings towards earning passive income.

Here are some examples of Dynamic and Passive Incomes: Investing in Stocks, Bonds, or Mutual funds; Real Estate Investments; Writing a Book or a Song; Creating Information Products; Marketing Information Products Produced by Others; Network Marketing, Internet Marketing, and Affiliate Programs; and the list goes on.