When I started building websites my plan was to take the money I earned and use it to buy other income producing assets. Not a strange idea to anyone familiar with Rich Dad Poor Dad or many stories of how the rich get richer.

When the economy took a turn for the worse I had to rethink my strategy and make some adjustments.

The recent downturn will have the same effect on many entrepreneurs that were willing to put all their cash at risk to generate recurring revenue. It may not last long, but right now everyone is more concerned with paying off debt than putting their capital to risk.

I may make less money over time, but I’m more interested in paying off debt than using my supplemental income to purchase income producing assets. Once the debt it paid off I’ll be ready to purchase. In fact, it’s one of the things I look forward to the most. Right now though, debt has to be the priority.

That does not keep me from investing in small ways now. I have a few websites that make up most of my income. My plan is to take a portion of the money I earn and use it to build more traffic to those sites. I then want to start other sites that are similar and attempt to drive traffic into those new sites.

It’s best to stick with what works. When you find keywords or ideas that work well and can be duplicated you have to strike while the iron is hot.

The best way to make more money is to take the money you make now and use it to buy income producing assets. If you aren’t in a position to use money to buy assets then start putting aside small amounts that you can invest and re invest into assets that currently earn you money. Take your most successful ideas and find ways to duplicate them to increase your earnings.