Editor's note: There's one way to become rich fast (and safely) – and it's not with stocks.
In yesterday's edition of our weekend Masters Series, Mark Ford – self-made millionaire and founder of our corporate affiliate The Palm Beach Letter – told us how he raked in $6 million last year alone.
The key, he says, is generating extra income. It's simple. But most people don't know how to get started... That's why he started the Wealth Builders Club – a simple program of money-generating strategies Mark refined over the last 30 years as he built his own fortune.
It doesn't matter if you're 30 years old or 60 years old. If you use these money-generating strategies, Mark is confident that by this time next year, you'll have at least one – and maybe two or three – extra streams of cash coming into your life every month...
Compound Returns: Truly Amazing
By Mark Ford, founder, The Palm Beach Letter
Extra income streams grow miraculously. They get bigger and easier to generate as time passes.
After a month, you have an extra $200 in your pocket… At six months, you are pulling in $600. And by the end of the year, it is $1,200 per month, or $14,200 annually.
But you aren't working harder at the end of the year. You are working less. In fact, you may be working so little that you have time (and now some extra cash) to start income flow No. 2.
This second effort generates twice as much cash as the first one. At the end of year two, your annual cash flow is now more than $50,000. That's $28,400 from cash flow No. 2 and considerably more than $14,200 from cash flow No. 1 (because that is growing, too).
The No. 2 cash stream flows at twice the rate of flow No. 1 because you (a) know more, (b) have the right contacts, and (c) have other cash flow.
This is the miracle of compound returns. You've heard of compound interest. The income from a passive investment compounds over time as you reinvest the dividends or interest. The longer you allow the cash to compound, the faster your money grows.
This same principle applies to all aspects of extra-income businesses. With each new extra-income stream you create, you can leverage the cash flow and expertise from previous flows to make the next one that much more powerful.
You Won't Hear This Anywhere Else
You cannot possibly achieve the wealth you need in fewer than 10 years by just investing in stocks. You won't hear that from anyone else.
I've never heard anyone in the financial community say it. All they talk about is stock returns, 401(k)s, or some new trading program. Another camp tells you that you need to save more by paying less money for coffee or cutting out your trips to restaurants.
This is – if you'll excuse the correct phrase – BS. The way to solve the problem you have is by generating extra cash.
Others won't tell you this because (a) there's no benefit to them in saying it and (b) most of them have no idea how to do that.
But I do, and that's why I created the Extra Income Project.
The Extra Income Project
The Extra Income Project is a program we designed to help you create a second or even third stream of income. It consists of more than a dozen proven ways to generate extra income – ways that don't require you to quit your day job.
You can start them all on a part-time and freelance basis. As you master these skills, you can earn more and more income.
Some of these programs – like copywriting – can generate $50-500 per hour. I've personally mentored and observed dozens of people who earn this kind of money in copywriting.
That's a lot of extra money – all of which you can plow into the investment portfolios and other programs that we provide in The Palm Beach Letter.
People in their 60s can accomplish these income-producing opportunities, too. And all of them can be very fulfilling in terms of meaningful, challenging, part-time work.
The Train Is Leaving
This may be the most important thing to understand about generating extra income: Getting started is the only difficult part. The rest is a relative piece of cake.
Inertia is always the biggest challenge. You know that you need to take some action, but you are not sure what exactly to do. And even if you do know what to do, there are so many distractions... so many current responsibilities... keeping you from the first step.
You will see – I promise you – that the first step is by far the hardest. After that, it's like walking, one step after another. Before you know it, the cash will flow almost automatically. And it will increase with the passing of every month.
To make it super-easy for you, we are stopping the cash train at your station right now, hoping you will climb aboard. There is no risk whatsoever in joining us. The only risk is letting the train leave without you.
If you join us, I have full confidence that by this time next year, you'll have at least one and maybe two or three extra streams of cash coming into your life every month. That year is going to pass by quickly – whether you are on the train or standing at the station.
Why not hop on now?
Best,
Mark
Editor's note: The Extra Income Project is just one part of Mark's Palm Beach Wealth Builders Club. He has one goal with this club: To make you a considerably wealthier person. Mark says you'll find out how to create additional streams of income... learn little-known ways to profit outside the stock market... and have access to much of the same "help" he gives to his one-on-one clients.
If you want to safely increase your wealth in as little as 12 months – no matter your age or financial situation – click here to learn more.