If you answered yes then you should read this article. There are several creative ways to generate passive and / or residual income. You have to learn how to retire rich without depending on the government for your income. Moving forward in today's economy can be daunting. Most families in America live paycheck to paycheck and can barely pay their bills. This has become clearer with all the recent foreclosures in the country. Even families with two pay slips are experiencing increasing difficulties in this economy.

The average American family has an average of $ 10,000 in credit card debt and will pay off that debt in the coming years.

There is a way out of financial turmoil that most people find themselves without realizing it. By creating multiple income streams, you can achieve the financial freedom we all desire. I'm not just talking about a regular income stream. You need to learn how to generate a residual income stream that will flow into your life all the time, even while you are sleeping.

You need to learn how to create this particular part-time income stream by working directly from home and using as little money as possible with few or no employees. There is a simple and proven system that actually works. You need to be in control of your finances now! The longer you wait, the harder it will be to become financially free.

I have good Life News and bad news. First, the good news; If you are like the average American family and earn at least $ 25,000 a year, you will have over $ 1,000,000 in your lifetime. That's a lot of money and it means you're on your way to becoming a millionaire for life.

Now for the bad news; If you are like most people, you will spend every penny and earn almost nothing. How is that possible? To be fair, since no one taught us about money, we didn't get any education at school to handle our money. It is one of the most important life skills for financial success. How do you get the money? You may have taken a little here, some advice there, you have watched and shaped your parents, you have seen examples of your friends. You've been through trial and error, the most successful schools actually are.

All of this disorientation has put us as a society in great debt that will last a lifetime for some. I don't know about you, but I don't want to live like that, not a second, not a month, and certainly not my whole life. That's why it's so important to learn multiple income stream building skills that can actually lighten the debt burden.

When you come up with a method for generating residual and / or passive income, you are giving yourself the opportunity to free yourself from all your debts. I have lived like this for over 25 years and I have to tell you that I never cared about money. Having multiple sources of income reduces your dependence on a particular source of income. Money is one of the most important things in your life. Some of life's greatest pleasures, and most of life's greatest disappointments, come from choices you make about money. Whether you experience tremendous calm or constant anxiety depends on whether you are in control of your finances or not. Some people naturally appear to be money smart. The same millions of dollars flow through their hands, but they seem to know how to save some and grow it. Are these people working 100 times harder or 100 times smarter? Of course not.

When it comes to money, you need to know how to play the game Yes, money is a game, even though it is very important. If you don't know the rules, you lose. If you know the rules, you win! Someone once said; "Wealth is when small efforts bring big results; poverty is when big efforts bring small results."

You have to learn to play the game and play it well. The best part is that you can learn them regardless of your age. You need to set up a different income stream that doesn't take up all of your time and life. You own and want residual and / or passive sources.