Money sitting idle in a bank or retirement plan does not create cash flow.
Listen now to learn how creating streams of income can provide more stability in life, regardless of your bank balance.
Hi, Jay Massey with the CashFlowDiary.com, with another quick tip about real estate and business.
Have you ever heard of the concept of a pile of cash or a stream of cash? If not, that's why you're watching this video.
Here's a new way of thinking about money that I think will help you. Most of the time we're thinking about earning a pile of money. That's good, but a pile of money does nothing but rot. It becomes worth less over time.
What I find more interesting is learning how to develop streams of cash. What if you could have a pipeline? Instead of water coming out every time you turn on the faucet, what if a pipeline of cash came to you? Wouldn't that be more useful? What if you knew how to create that intentionally and on purpose? It's one of the reasons I love real estate and business, because what you do is you get to exercise those muscles, that part of your brain that allows you to create those very things.
Learning how to create cash flow is something that we're all going to be faced with right now, whether you like it or not. Whether you think it's a luxury or it's nice to have one day, it doesn't even matter anymore. In fact, since 1974, it doesn't matter. It's called [inaudible: 01:18].
What happened is that we started out with a defined benefit plan, and now we have defined contribution plans, which means there's no guarantee on the amount of money that comes out. Even those programs that currently have guarantees are, let's just say, in jeopardy. Now we all must figure out what to do to develop streams of cash, or we're going to have to find ways to work our entire life. The problem with that is that either our body or ourselves, we're going to just want to quit. Either our body's going to quit wanting to work or we are just going to quit wanting to do what it is that we do. We must develop new skill sets that allow us to develop streams of cash not just piles.
If you like this information and want more like it, feel free to catch us on our website at CashFlowDiary.com, or catch us on the iTunes podcast; the Cash Flow Diary podcast. You may also want to find us on Facebook, or take advantage of our complimentary course, Cash Flow Foundation.
That is the beginning of our Cash Flow Creation System that teaches you how to never need a job again.