Hi everyone and welcome back to the Money Girl Podcast. I'm Laura Adams.

This is the second episode in a two-part series about how to increase your cash flow. In part one, we discuss the importance of eliminating or reducing negative cash flow.

I gave you five tips for cutting one of the biggest expenses that typically drains

cash flow, which is housing.

In this episode, we'll look at the other side of the coin.

I'll give you ideas about how to increase your positive cash flow

by owning assets and investments that actually create income.

To achieve financial success, you need regular monthly income or cash flow. But most people don't understand all the ways you can get more of it.

For instance, the average person is stuck in a linear view of money that goes something like this.

Get up, go to work, earn a wage, deposit paycheck in the bank, and spend paycheck on bills.

Don't get me wrong, it's wonderful to have a secure 9-to-5 job, especially if you love the work.

But it's also important to remember that you don't have to depend on an employer for 100%

of your cash flow.

It can also come from owning different kinds of assets.

Problem is, if you spend your entire paycheck on bills

and never have any leftover to invest in assets that create additional income,

well, you're missing a huge financial opportunity.

This is why you should always invest at least 15% of your income.

But what should you invest in to get the most cash flow? Well, I strongly

recommend buying assets inside tax advantage retirement accounts. You might qualify for one of these at work, like a 401k or 403b. If not, just

about everyone is eligible to contribute to an individual retirement arrangement or IRA.

And there are even more types of retirement accounts designed just for business owners,

...