Monday, April 27, 2009

The first chapter of Cash in a Flash book



One of the things that we got at the event was access to the first 3 chapters of the Cash in a Flash book. Over the next few days I am going to give a summary of what I have learned in each of those chapters so that you can get an idea of the strategies in the book.
In the first chapter of Cash in a Flash I learned about approaching wealth building like a recipe.

Each ingrediant is important and it is important to be accurate and follow the recipe carefully in order to get the result you want. Instead of 'making up my own recipe' it is more productive to follow the recipe of someone who has already been successful and gotten the results I am looking for.

I also learned that residual income is the key to creating lasting wealth-getting paid multiple times for the work that you do.

It is smarter to build residual income streams as opposed to linear income streams where you are only getting paid once for your work.

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