| Outside of inheriting money and property or winning a | | | | daily? The answer is: He developed and owned |
| lottery most retirement funds and investments have to | | | | multiple companies (some successful and some not) |
| be earned. Generally the accepted method of | | | | giving him multiple streams of income. If he had one |
| achieving a happy retirement has been: "Work hard for | | | | company he would have only have one stream of |
| a good company and they will take care of you for | | | | income and if it became unprofitable it could ruin him. |
| the rest of your life". Recent years this attitude has | | | | Think about that last paragraph! One stream of income |
| been disproven when companies consider the "bottom | | | | means very little flexibility and high risk. Does your one |
| line" and start to lay off older (higher salaried) | | | | job offer you the security that you need for your |
| employees, merge and streamline operations, have to | | | | future? Jumping back two paragraphs to the one |
| reduce expenses such health care and pensions. | | | | about Robert Kiyosaki. Robert believes in investing to |
| Whether you consider these reasons and others | | | | receive residual income. One example is at one time |
| legitimate or not they are a part of present day life. | | | | he wanted a special car (I believe it was a Porsche) |
| Taking these facts into consideration one sees how | | | | and at that moment he could not afford it (I'm sure he |
| they must change their attitude toward retirement | | | | could easily have borrowed the funds) and decided |
| funding. Removing the old "Work hard", attitude is a bit | | | | the way to achieve this desire was to invest in a |
| difficult to do since most schools (high schools, tech | | | | mini-storage facility which would give him the income |
| schools and colleges) only teach for jobs. | | | | and also allow him more monthly (residual) income |
| Entrepreneurialism is rarely taught nor is investing other | | | | besides. Isn't this better than making monthly payments |
| than to buy stocks and hold them. | | | | out of a slim paycheck? |
| Many excellent books have been written on investing | | | | Both of these entrepreneurs continually use this |
| and entrepreneurship, but few of these are used as | | | | "multiple streams of income" principle to their benefit |
| textbooks even though they were written by highly | | | | and you should too. There are numerous ways to |
| successful individuals. Robert Kiyosaki's series of | | | | achieve this. A few examples with residual income are: |
| books under the heading, "Rich Dad....Poor Dad" provide | | | | Build websites for marketing products you develop or |
| an enormous amount of information for everyone. He | | | | for selling affiliate products (once set up they can |
| refers to the 4 quadrants of individuals: E-employee, | | | | continue to pay you). Invest in income producing |
| S-self employed, B-business owner, I-investor and | | | | properties. Join a responsible and reliable MLM |
| delves deeply into the merits and pitfalls of each. | | | | (multi-level marketing) company in whose products you |
| Another familiar name to all is Donald Trump. We all | | | | believe. If you are an excellent musician, produce CD's |
| know of him as a Real Estate investor who at one | | | | or write musical scores and receive royalties. Write |
| time got a lot of press when a few of his companies | | | | articles and sell ebooks. eBay can offer even residual |
| were in deep financial trouble. Do you know why he is | | | | income from selling items and information. The list is as |
| still a billionaire and doing multi-million dollar deals almost | | | | broad as your imagination and ambition. |