It's important to maintain cash flow if your goal is to increase your wealth. If you want to supercharge your wealth creation, instead of focusing on increasing one stream of income, you should focus on creating multiple streams of income that will all add to your positive cash flow. This article will suggest several steps that you can take to create multiple streams of income and increase your cash flow.
Write articles for web publishing sites like eHow and Bukisa (I've included the link for Bukisa in the Resources section at the end of this article). With these sites, you only need to put in the work once, and they continue to pay you in the future. If you spend a half hour creating a good article, your work will continue to earn you a stream of income for years. The more articles you write, the richer you become.
Buy a two-family house. If you can only afford to buy one property, for your family, you might as well buy a two-family house instead of a large one-family house. This way, you can live in one half of the house, and rent out the other half. You will have the extra inconvenience of being a landlord, but your effort will be rewarded with another stream of income when your tenant pays rent each month.
Use your hobby to make you money online. Do you knit, collect coins, make jewelry? If you have a hobby, chances are good that you will be able to find someone online that will pay you for it. Check out sites like etsy.com to sell your crafts, or sites like eBay.com if you are looking to sell collectibles.