How do you build a cash flow engine so you can fund your investments?

When it comes to investing, I have always believed that the first
step is to have a certain amount of cash flow to get started. You
do not necessarily have to be rich to get started, but you have to
get started to be rich. When I get consulted by people on their
finances, I teach them about a lot of great investment vehicles
they can use to grow their wealth. But recently, I realized that a
lot of them get stuck in this one area - cash flow. I was there
too. When I first came to the US, I did not have the funds to
invest right away. Throughout the years, I realized that in order
to have financial freedom, the only thing that would help is
passive income. Many people focus on passive income but they do not
realize that in order to earn passive income, you need to have a
vehicle that generates active income.Unless you have a lot of cash
lying around, you can invest and generate passive income
immediately. However, if that isn't the case, you have to find a
way to build a source of active income, whether it is a business or
your 9-5, and turn that into passive income. From my experience,
here are the 3 keys to building yourself a cash flow engine from
your income: 1. Passion Finding the right vehicle will help you
generate passive income and have a cash flow engine to help you
fund your investments. Find your passion and figure out how to turn
that into the vehicle that will help you generate cash flow. It
took me several different business ventures to land in an industry
I am passionate about. I went through many kinds of businesses and
they did not become successful, because I did not have a lot of
passion for any of them. Passion is a very important ingredient in
finding the vehicle you will use because when you are passionate
about what you do, you will not feel like you're working and you
will be able to grow it into something that can help you for many
years to come. 2. Market Most of the time, people think that it
stops when they realize their passion. But the thing is, not all
passions have markets that are sustainable. Let's take gardening,
for example. Is there a market for that? Because at the end of the
day, it is a business that you're planning to build. You need to
have a market for the products and services that you are passionate
about. 3. Gift How do you choose the right vehicle for you aside
from being passionate about it and knowing that there is money in
that market? You do not need to be world-class in the beginning,
but you have to at least have the skills to begin and start
building your cash flow business. You have to find something you
consider your strength so that you can further improve and develop
it into something you can earn from. Today, I want to encourage you
to sit down and dive deep, ask yourself how you would start your
cash flow business today. Are you passionate about the vehicle
you're choosing? Is there a market that would sustain a career in
that industry? Do you have the skills to begin? You can accomplish
anything that you want as long as you put your mind to it and if
you are willing to take action and make your dreams a reality.
Tomorrow, I will give you more tips about making your own cash flow
business. See you then!