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Time and time again, investors take profits by selling their appreciated investments, but they hold onto stocks that have declined in the hope of a rebound. If an investor doesn't know when it's time to let go of hopeless stocks, he or she can, in the worst-case scenario, see the stock sink to the point where it is almost worthless. Of course, the idea of holding onto high-quality investments while selling the poor ones is great in theory, but hard to put into practice. The following information might help: Riding a Winner - Peter Lynch was famous for talking about " tenbaggers ", or investments that increased tenfold in value. The theory is that much of his overall success was due to a small number of stocks in his portfolio that returned big. If you have a personal policy to sell after a stock has increased by a certain multiple - say three, for instance - you may never fully ride out a winner. No one in the history of investing with a "sell...

1.  Teaching and Training This is my number one way, and I been doing this for the last 5 years. This is something that almost every major University has been doing (taking their classes online) due to the huge success they saw from University of Phoenix which set the tone for online education.  It’s easier now more than ever for companies and entrepreneurs to launch online schools, and my good friend Marie Forleo is a prime example with her mega success,  B-School . 2. Offering a Service Providing a service may be the easiest way to start is you don’t need any investment to get this going.  My podcast editor Ian Robinson is helping podcast creators edit their shows to increase production value.  There are many different ways to provide a service and it’s just about realizing where your talent lies and what solution you can provide for others. 3. Creating and Selling Products If you have an expertise in ANYTHING then you can package it...