MoneyDecisions101
Brings you information and methods to help improve your financial future.

Introduction
To start building wealth, most people simply need to change their mentality. 
MoneyDecisions101 will open your mind to help you focus on your financial future.

MoneyDecisions101 => Making Money

Things that take money from you are known as liabilities. 
Things that put money directly in your pocket, are known as assets. 

Please note that you have to be careful labeling the two! For example, your house (residence) is never truely an asset unless you sell it and make a profit. Why? Because it costs you money to own it, sustain it, and insure it. Overall the key to becoming financially successful, is to have many more assets than liabilities. Your mentality along with creativity, is the key to this and (very important) be fair and never become greedy. Greed kills prosperity!

You have to create or obtain assests and minimize ownership of liabilities. Once your assets generate more income than your liabilities, you are financially free.
 

Income can be classified as ACTIVE or PASSIVE.
Active income requires work.
Passive income is on autopilot... it does not require work.
You should try to focus more on passive income than active. 
Why? Because, you cannot spread yourself too thin. You need to have more and more income, without working yourself to death. Again, change your mentality. Ask yourself and try to figure out... how can I make money continously, without working? 
That is the key to success.

How do you build wealth?
Again, there are many different ways to make money these days. You should try to have numerous, varying sources of wealth building income. With numerous, varying sources, you gain stablity. If one source stops, the other sources continue to bring in money. Also, if a certain area of the economy falters, you will be less affected.

Please educate yourself.

Here are ways for you to make money:
 
Credit Cards Interest Accounts Retirement Accounts Mutual Funds & Stocks
Online Businesses Small Businesses Real Estate Online Banks

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