CREATING A CASH COW

Some of the analysts were saying, now you’re a cash cow, there’s no growth at all, pay it all out in dividends, give me it all, you can’t invest wisely.

– Jim Cantalupo

Power Truth

9 Bondservants are to be submissive to their own masters in everything; they are to be well-pleasing, not argumentative, 10 not pilfering, but showing all good faith, so that in everything they may adorn the doctrine of God our Savior. 11 For the grace of God has appeared, bringing salvation for all people, 12 training us to renounce ungodliness and worldly passions, and to live self-controlled, upright, and godly lives in the present age,

Titus 2:9-12

Cash Cow

Creating a cash cow or a company, investment, or item that generates a consistent income or profit is a straightforward way to make money. We are quite interested in generating some more income. Because we want our lives to be as simple and stress-free as possible, we often convince ourselves that we are unable to secure a part-time position that will enable us to generate more income.

It goes without saying that we have to relocate first before we can get our cash cow. We need to learn how to turn our skills or the things that we enjoy doing into a source of money, and we need to think of ways to do this, as well as be creative about it. First, we have to put in some of our own time and work. Before we can kick back and relax, we need to find out how the company or our investment will go. Only then will we know for certain that our company will continue to make money even when we are not present.

Evaluate Your Investments

Here are four important things to evaluate about once a year:

1. Mindset (Ask yourself whether your investment goals, your ability and willingness to handle risk, or your investing timeframe have changed. If they have, consider changing your investment choices accordingly.)
2. Your investments’ return (Compare your investments’ performance to other similar investments. An easy way to do this is to use a related benchmark index for comparison.)

When reviewing market index performance using this method, you still have to keep in mind that:

• Market indices are not managed, so they do not reflect the deduction of any investment fees or expenses.
• Market indices are not investments you can purchase or invest in.
• Market index performance is no indicator of how your individual investments performed in the past or how they will perform in the future.
• Most investments will have down years now and then, so look at your investments’ returns over multiple years.

3. Your investment styles (Look at prospectuses or other product materials to see how your money is invested. Has the investing philosophy subtly shifted from growth companies to undervalued companies or from small- to medium-size companies? If so, you may want to shift your money to investments that are consistent with the investment styles you originally chose.)
4. Your asset allocation (This is the mix of your investments among investment categories such as stocks, bonds, and cash equivalent investments. The mix can change over time depending on each investment’s performance. When one category performs better than others, its assets grow at a faster rate resulting in a higher percentage of assets allocated to that category. When this happens, you might want to shift your investments among the categories to return to your earlier preferred investment mix.)

Click here to read: HOW TO CREATE STREAMS OF PASSIVE INCOME  

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