=> What Everybody Ought To Know About Fast Money

By Dick Joubert

All over the world people jump on almost every fast money scheme trying to solve their money problems quickly. There isn't necessarily anything wrong trying to make money quickly. But many people are unaware that this route does not automatically guarantee financial success.

Sooner or later everyone trying to make a decent living comes to the startling realization that there are only two ways to make money - the fast money route and the slow permanent income route. Trouble is, few people are aware that these opposing routes give totally different results.

Despite the many opinions of so-called experts, there isn't one specific "right" or "wrong" route for you. Neither is good or bad. In the end either one puts money in your pocket.

These two routes are merely different ways of getting to a goal... that of achieving financial success. The important part is rather to know what exact results you want. But the problem is, most of us never stop to ponder, let alone answer this question.

But why is it so important to know what financial results you hope to achieve?

Fast money schemes normally offer the chance of making money quickly. All of us want this. And the faster we can make it, the better. But folks do not realize that financial success is not just making money quickly.

Get rich quick schemes for the most part offer people clever ways to get a pay raise - a way to earn more for each hour worked. In the end they are still trading their time for money. They work - and get paid once. And when they stop, the income stops.

These methods keep people trapped to trade hours for money - the so-called time-for-money trap.

This is precisely the problem with fast money methods. Making money is almost immediate, but only continues as long as you keep working. At best it is only a short-term solution to financial success.

Fortunately breaking this trap is easy, if you decide to build permanent income streams.

Making money with permanent incomes is slower, but more stable and longer lasting. The real strength and attraction of permanent incomes lie in recurring returns - being paid again and again without doing anything more.

Permanent income strategies include spending time, money or effort to build an asset in one of four major areas - paper investments, real estate, offline business and internet businesses. With such a wide range of investment areas, there isn't one "best" or "right" route for anyone.

The right route for you is firstly one you totally understand and secondly, feel at ease to follow.

If you don't have an initial "gut" feeling in which one of the four areas to build your income stream, start by asking yourself...

What exact financial results do I want? Do I want to work for the rest of my life to make money? Or do I want a steady, sustainable long-term income?

Strangely enough you will find that the answer lies in doing both. The key is to give enough attention to building a permanent income stream. In the end fast money pays bills, but having a permanent money stream builds lasting financial success. A small change in focus, but a huge difference in rewards. And it all begins by knowing exactly what financial results you want.

Source: http://www.cashflowclever.com/fastmoney.html