Wealth is built by wisely cultivating multiple streams of income. Wealth is also built by making wise choices; you can work hours for dollars or you can have your money work for you. Earning passive or residual income is a powerful way to build wealth but as with anything, it takes knowledge.

I think back and wonder how my earlier years of struggling to make “friends” with my finances might have been different if I’d had a better childhood understanding of money. If money values are formed in childhood, shouldn’t we be teaching children how to appreciate, respect and enjoy money?

Sometimes, you just need to relax and read a good book. How about sitting down and reading a novel about gaining wealth, losing wealth and starting all over again. The Summer Kitchen is an interesting read about a strong woman who loses everything financially and yet, gains so much personally.

I’m confused. Doing research for this article I found conflicting answers to my question, does money buy happiness? One “expert” said yes, one said yes if you spend money on others and yet another said no. What do you think; can money buy happiness?

People who enjoy abundance and wealth have learned to nurture the “mindset” of prosperity. A prosperous mindset encourages day-to-day thoughts and actions that foster the attitude of financial success. Prosperity is not only a state of financial well-being, it is also a state of mind.

Here is a quick and easy list of my top ten favorite financial “thoughts” for women. These thoughts and tips are a powerful combination of right now action and long-term planning. Ask yourself this: “What will be my financial legacy?”

I'm currently reading a book I believe has great economic significance for women and in fact, the overall United States economy. It's called womenomics: write your own rules for success by Claire Shipman and Katty Kay. Interesting and empowering reading for today’s working women.

Over time certain powerful prosperity truths have emerged. When these truths are consciously taken to heart and mind they will make a positive and profitable difference in your day-to-day finances and to your life.

Passive income can be a viable source of ongoing income. As with anything, it takes knowledge, commitment and a learning curve to understand how passive income can become one of your multiple streams of income. Let’s take a look at four examples of passive income.

Building personal wealth can be learned – that’s the premise of The Difference Wealth-Building Journal. This is a powerful “hands-on” journal/workbook that is geared toward showing you how to build the day-to-day successful habits of financial freedom.