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Passive Income -
The Focus of the Wealthy
Passive income is income that you receive whether or not you are actively involved in earning it. This is when you have your money working for you. By changing your focus to producing a passive cash flow stream, you are building assets.
Some forms of this income require a significant investment into your financial education in order to produce results. Here are a couple examples...
- Bank Interest
- Dividends
- Rental Property
- Appreciation
- Entrepreneurs get profits from managed businesses
- Royalties from inventions, music, movies, software, games, books
- Insurance, Network marketers, and Securities agents get residual (passive) income from past sales
Converting earned income into passive is how you become financially independent. If you become efficient at converting your earned income into passive not only will you become wealthy but you will still retain all of your time to spend as you please. This is the TRUE meaning of Financial Freedom.
Leave the Passive Income Page
and Go To The Focus and Goals Page
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