Personal cash flow strategies will always need to be a part of your financial plan. You’ve probably realized by now that no matter how much wealth you have, you’ll always have expenses. Even if it’s only the expenses which you need to survive, you’ll always have a “debt” to pay.

That’s why a good solid cash flow strategy is key when it comes to increasing your personal wealth and achieving financial freedom. The following are three personal cash flow strategies that can help you to build increased financial security and maintain a healthy net worth.

1.

Real Estate Rental Properties

Acquiring real estate properties and getting renters for them might take a lot of work at first, but once you get things settled, it can be a great source of passive income. Of course, no income is 100% passive, and anyone who says so is probably selling something.

However, once you get a solid tenant into your real estate property for a year’s lease, there is little work involved and the income is very predictable. Another great thing about using real estate properties is that no matter how bad the economy gets, people will always need to have a place to live.

By purchasing real estate, you also have an asset which can be sold for a profit once it has had the chance to increase in value. Until that time, renting the property will provide you with a healthy source of cash flow.

2

Affiliate Marketing

Affiliate marketing is (at this time) one of the simplest personal cash flow strategies and one which you can work right from your home computer. Just be careful when you get into this and don’t spend a lot of money on “training” because there are a TON of people on the internet who are selling training on how to make money as an affiliate because they aren’t actually making money AS an affiliate.

It’s a better idea to pick a product and a niche that you’re interested in and which has enough interested people to have a chance at making it profitable.

Once you do this, you’re better off learning by experience than you are wasting your money on training from people who have no experience or proven track record.

3

Your Own Product

Having your own product created isn’t anywhere near as difficult as it might sound. I once read a story about a woman who put a simple ad for a Pecan Pie Recipe in the back of a Woman’s magazine. The ad went to a phone number where the customers could put their credit card in and receive the recipe through a recording over the telephone. This was a completely automated system which sold a “product” that did not have to be shipped or even created. This simple idea earned the creator about $14,000.00 a month for several months.

Which one of these personal cash flow strategies sounds the most appealing to you? Choose one of them and get started on it as soon as possible. Between the three of them, you could have enough money coming in to cover your regular expenses, freeing up your time to work on more advanced cash flow strategies.

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