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A wise man told me many years ago that the man swinging the hammer is not the one who gets rich. Being young and impressionable I nodded my head in agreement but I had no idea what this meant. I thought it had something to do with getting a job in an office versus working in the trades. I realized later in life that it had more to do with leverage, staying out of debt and having many people or business ventures working for you generating income rather than going it alone.I learned along the way you have to listen to people who have actual money making experience to be able to forge you own way. These types of people are usually right under your nose and you unknowingly meet them just about every day. Search the internet and you will find many people who have good sound business credentials.
I used to think that people who drove the high end cars must make a lot of money. I figured out that in most cases these people are leasing these cars and just look rich. Many of the wealthy people I know drive very practical cars and you would never know they are worth millions. They did not get rich by wasting money on expensive cars.
Same is true for big houses, eating at expensive restaurants and buying designer clothes. The people who have the wealth did not indulge on these items when they were acquiring their wealth. There is a time and place for all of these fine things after you have created or you are well on your way to growing that extra wealth.
The have to have it now mentality that infects us all has certainly put many of us in a debt position. To make extra income you first have to have a way of dealing with your debt. There are many ways to do this: stop spending, reduce monthly living expenses, consolidate loans, find a higher paying job or sell stuff around your house. This short list of ways of getting out of debt can also lead to generating extra income. Many articles have been written about these types of ventures. Being in debt could also be a motivating factor to try a new business venture that you have always wanted to do. Make sure to find sound business advice and listen to the people who have had successful experiences in business. You will find that this is well worth your efforts.
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