I have a question for you…
Have you ever heard of time shares? Do you know anyone with a beach house that can afford to let it sit week after week, month after month unoccupied? I would have to say 90% of them are rented out, who can afford it?

Actually I do have some close friends and associates that can afford it, and would you like to know the secret of how they did it? They decided to leverage the payments and reap the rewards of the income that my friend is what turns a liability into an asset.

I personally own a $338,000 Monaco Executive diesel Class A motorhome. With my busy schedule, I get to use it about four times a year, I see it everyday sitting on the back lot, but I just don't have the time to use it. So I rent my Monaco out for about $350.00 per day, this makes good money sense to me does it make sense to you? While in between that time, the coach is available as much as my schedule will allow.

The Monaco use to be a liability, it’s now an asset.

I now have the privilege of owning a DA42 Twin Star; a close friend of mine is a flight instructor. Who rents the plane from me, to teach new recruits.

The DA42 Twin Star is also an asset.

I don’t share this information to impress you, I tell you this to impress upon you the power of leveraging income vs. expenses one of the most important things I learned in business is how to read a profit and loss statement. Take the time and add up all of your sources of income vs all your expenses. This is your first step in basic accounting (i.e. reading a P &L Statement).