The great debate!
In his book "Secrets of the Millionaire Mind" T.Harv Eker said when it's comes to the money game, most people don't have a clue to what it takes to win. That got me thinking and I read on to discover a unique blueprint that can easily be understood and applied.
His definition of financial freedom is simple: it's the ability to live the lifestyle you desire without having to work or rely on anyone else for money.
The desired lifestyle would cost money! Therefore to be "free" you will need to earn money without working. To win the money game, the goal is to earn enough passive income.
Two primary sources of passive income.
1. Money working for you.
This includes investment income from your stocks, unit trust, ASB as well as owning properties or other assets that appreciate in value and can be liquidated for cash.
2. Business working for you.
This means generating an ongoing income from a business where you do not need to be personally involved. WOW...that means the business must have it's systems in place. Of course, you need to build it up first...but once that is done...passive income comes in.
So by choosing business opportunities that immediately or eventually produce passive income, you'll have the best of both worlds - working income for now and passive income later.
Now, go have fun building up your investments and that business...just make sure that it's got the passive income structure. Good or good?
