What is Financial Freedom?
Financial freedom simply put is the freedom to do what you want, and with whom you want. Technically, individuals such as T. Harv Eker and Robert Kiyosaki have defined Financial Freedom as Passive Income > Expenses.
What is Passive Income?
Passive income is income that comes in month to month, with little or no maintenance.
Income such as cashflow from properties, interest from GICs or any other type of certificates, and dividends. Passive Income is NOT residual or working income. However, residual income can become passive. Some examples of this is when a network marketer builds a team and creates residual income. Then he/she sets up a system and is able to step away from the company, while income still comes in. That is an example of residual income becoming passive income.
There are many different choices in programs that one can start to get involved with to achieve passive income; or financial freedom in general. Programs that usually cost thousands and thousands of dollars. Buyer beware, if one only has the vehicle for success, but has not worked on their own inner game, chances are you WILL FAIL. Actually, most people will fail anyways, just that the successful people take more calculated failures, learn from them and improve.
In any case, here at The Secret Ninja we are here to help and hopefully provide you with valuable resources and information in which you can find programs that are suited for you.
Some people you might find interesting are: T. Harv Eker, John Assaraf and Joe Vitale. Each one of them has personally influenced my own financial blueprint. However, at the end of the day; becoming financially free is up to YOU. The greatest coaches in the world can't help you; if you're not willing to pay the price for becoming financially free.
|
