Do
we need to be doing something for the rest of our lives or is there a quicker alternative that gives financial freedom?
Yes, I hear you, it’s passive income that is
needed. Let’s just take a moment to look
at the details. We all know what a job is and some are not quite sure
about passive income.
We need to have enough money to feed ourselves and pay for all
the other basic necessities we have. We
also need to have enough money to go on holiday and visit distant family
members. We need money for our children
and for their education and many other things. In essence we are able to very
simply break down what is needed, into a sum of money.
This money is not need all at once, it is needed just in
time, on a monthly basis in the form of an income, however this income is
needed for the rest of our lives and needs to be secure because the older we
get the less able we become!
In essence we need a certain amount of income each month and
this amount increases or decreases depending on our responsibilities or life
style.
Our income options are:
·
1, A job we are involved in and gives a monthly
income,
·
1, A business that we are involved in and gives
a monthly income,
·
2, A network marketing business where after
achieving a certain goal we no longer need to be involved in but can look after
and the business becomes an asset which then gives a passive income or capital
gain pay-outs,
·
2, A business we create and work ourselves out
of but continue look after and becomes an asset,
·
2, Buy or acquire assets which then gives a
passive income or capital gain pay-outs,
To summarise we are either involved in (1) something that
gives us an income or we have an asset (2) that gives us a passive income or
capital gain pay-outs over time.
We can have financial freedom in the near future if we create an extra income that catapults us into creating a passive income that is greater than the
sum of money needed on a monthly basis. Join us at our Taking Action, Making It Happen meetings where you find encouragement to become financially free.
Take action, take control and measure your success!
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