What’s Your Second Source?

“Never depend on single income. Make investment to create a second source.”  
This is a quote from billionaire Warren Buffett. Based on his ability to build wealth, I pay close attention to anything that he says on the matter. For several months, I have been brainstorming the best way to generate a second source of income. I’ve come up with a few ideas.

Continue reading “What’s Your Second Source?”

Cash (On Hand) is King

Let’s think for a moment about some of the things that the average person is motivated by.  I mean really motivated, at a basic instinctual level.  Of course there is food and water or, sustenance.  Then we have shelter and housing.  There is also a drive to reproduce.

One motivation that I believe is ever-present, but often overlooked, is the drive for safety.  Everything about our lives is permeated with the innate desire to minimize risk (except for you thrill-seekers!) and protect ourselves from harm.

Continue reading “Cash (On Hand) is King”