How To Achieve Your Financial Goals and Financial Freedom

  

 
 

Earned Income – Compensation from participation in a business, including wages, salary, tips, commissions, bonuses.  >>>

Residual Income – A rent received on a regular basis, with little effort required to maintain it. (Examples: royalties; payments for a product or service that must be renewed on a regular basis; earnings from internet advertisement on your websites)

 

 

Leveraged Income –  Income that you gain by leveraging other peoples' efforts. (Examples: selling e-products through affiliates; franchising your business to other entrepreneurs)

Passive Income – A "work a lot upfront, then relax" income. (Examples: pensions; investing in dividend paying stocks; rental for property)  >>>

  

 

Rich People vs. Others

Others focus on working for money  >>>

Rich people focus on creating systems that make money  >>>

 
Warren Buffett advice quotes

Ignore convention. Do not follow the crowd. Ignore the market, the crowd, and its fashions. Do your own research – and do it thoroughly.

Warren
Buffet
Robert Kiyosaki quotes

It’s more important to grow your income than cut your expenses. It’s more important to grow your spirit that cut your dreams.

Robert
Kiyosaki