If you don't find a way to make money while you sleep, you will work until you die.
The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.
You become financially free when your passive income exceeds your expenses.
To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis.
Residual income is passive income that comes in every month whether you show up or not. It’s when you no longer get paid on your personal efforts alone, but you get paid on the efforts of hundreds or even thousands of others and on the efforts of your money! It’s one of the keys to financial freedom and time freedom.
The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.
My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
When people ask me what 'American Pie' means, I tell them it means I don't ever have to work again if I don't want to.
Follow AzQuotes on Facebook, Twitter and Google+. Every day we present the best quotes! Improve yourself, find your inspiration, share with friends
or simply: