Archive for the 'Income' Category

You don’t even have to be real anymore to make a million dollars. Anshe Chung a former school teacher who used to live in Hubei, China become Second Life’s first Virtual Millionaire.

Second LIfe which is an online community where you basically build a life and interact with those around you is becomming all the rage for stay at home moms, internet gurus and geeks, and even car companies.

That’s right, both Ford and Toyota have real estate in Second LIfe world and sell cars, virtually. You can own one for a little over a real dollar.

Anshe Chung is a millionaire there, meaning she has enough virtual dollars that she can actually convert into real dollars by selling them to others in the virtual space. She did it by being a land baron. Building real estate, or server space.

See, theres money to be had everywhere. You just have to be a little creative sometimes.

For more on Anshe Chung go to cnn money’s write-up on her

technorati tags:Second, LIfe, Anshe, Chung, Millionaire, Money

Hopefully your money comes originally from a certified mint. But seriously, how do you earn most of your income? Is it from a job, stock earnings, selling things on eBay, trust fund, charity, a business? Where?

If you are at all familiar with the Rich Dad series of books then you know about his Cashflow Quadrant. It simply breaks down a persons earnings into four groups; employment, small business, business, or investments. People, one way or another earn their income from one of these four.

Have you ever stopped to think about where your money comes from? If you haven’t chances are you are working way too hard for your money. People who are employed obviously work hard for their money. They may invest, have a 401K (which doesn’t earn you income for a while), maybe play the stock market on the side, have some CDs that barely beat inflation, but they work really really hard for their money. People in small businesses feel a sense of ownership and independence and likewise play the stock market through small portfolio’s and retirement funds, but 9 times out of 10, work harder than those who are just employees. These are the people who want to do it on their own and feel pride when the job is done right, by them.

That’s all great, being an employee is what builds a nation and keeps the economy strong, but don’t you want to have fun in the sun and get out of the 9 to 5? That’s what people who own businesses do and invest for a living. People who own a business own the system that the business runs on, they aren’t the system as in a small business. They would rather have a bunch of teenagers run the shop and make money for them than run it themselves (just look at who runs McDonald’s, that’s a great system.)

Investors truly invest. They don’t tell others what to invest in (some might), they aren’t personal finance managers. They invest to win and they invest to get rich. They learn how to play markets and make money just like you probably went to school to learn how to program computers. You are comfortable programming, they’re comfortable risking money to make money.

The true difference is one of those pairs has something or someone working for them while the others work hard for themselves. When you start having others work for you, you have time to come up with more ideas to make more money and the rock just keeps rolling down the hill. Making more money.

Sit down in the near future and really think about where your money comes from. You may not have to think too hard. Once you find out where your money comes from we can begin to help you grow money in other places. Like having money work for you through true investing. That’s the best and easiest way to make money. You could be sipping Mai Tai’s while your little greenbacks work extra hard to increase and finance your wealth.