Putting together business systems is one of the most advanced forms of investing. When you hear someone talk about using other people's time, they are referring mostly to employees. Employees allow you to duplicate a good business system in many different locations, allowing you to make use of many other people's time. With the smaller, individual systems designed well to produce cash flow, you can produce a much greater cash flow (using other people's money) than you ever could produce working by yourself.

This discussion is the very idea of networking. Building a network is the best way to benefit from other people's time and money. The richest people in the world have built networks. When you build a network, you quickly realize a network is a very important part of any business. You can advance your efforts further at that point by incorporating and taking advantage of any favorable tax laws. Whenever you consult a professional for their expert advise, you are again using other people's time.

In the portfolios of the wealthiest individuals you will find businesses and real estate. This should give us some clue to the velocity and leverage of these investments. These ideas are all related and combine to make passive income the most advanced form of income.

Your ability to do this with your investments is directly related to your ability to communicate and lead and your level of financial education. These ctrategies become available to you as you increase your financial education. Other examples…

• Eliminate high interest debts before other debts


• Convert some earned income into passive income


• Focus on financial independence instead of retirement

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