Everyone spends money. Usually, the money you spend goes out the door and does nothing for you. This is called "anyway" money. Dr. Steve Price, in his book "Household Gold," describes how to convert "anyway money" into cashflow.

Traditionally, people are taught to build up assets, then leverage those assets to generate cashflow, thus creating wealth. The only problem is that if anything happens to the assets, the cashflow disappears. It is better to create a method of cashflow, so that if your assets disappear, you can just build up more assets.

This term is ordinarily applied to retirees and disabilities who receive a government check, but doesn't this term technically apply to salaried workers as well? I mean, if you are earning $30K/yr, you aren't going to earn more than $30K/yr. (annual pay raises and uncertain bonuses aside). This means you aren't going to put away more than $3K/yr in savings (assuming 10%). You also won't see the full $30K because of tax withholding.

I bring this up because people have often told me I need to stop trying to start businesses (too risky), cut back my expenses (which one, the gas or the water or the electricity...?) and just get a steady job. To me, it just seemed more risky to my future to have a "steady" (meaning I could be "pink slipped" on a whim) job. There is risk in what I do, but I control it, not someone else.

I realized a couple of years ago that I can't save enough money. It's mathematically impossible. So I started trying to find ways to make more money or to keep more of the money I make. By shifting my focus, I see every opportunity in a different light. Read "Rich Dad, Poor Dad" by Robert Kiyosaki for a more detailed explanation of this phenomenon. Also read "Why We Want You to Be Rich" by Robert Kiyosaki and Donald Trump.

Every day people shop at Wal-mart and pass millions of dollars of profits into someone else's hands. What if you could own your own Wal-mart? Then, every time you shopped, you would be putting those profits back into your own pockets rather than passing them off to some other corporation. Producers sell things. Consumers buy things. "Pro-sumers" sell things and buy from themselves. Read "Pro-sumer Power" by Dr. Bill Quain for more info.