You can become financially independent by learning how to produce enough passive income to exceed your total expenses. The longer you can live without working, the wealthier you are. According to Robert Kiyosaki, author of bestselling "Rich Dad Poor Dad," true wealth is measured by the number of days the income from your assets that will sustain you. Net worth is the accumulation of assets (things that can retain or gain value - cash, gold, real estate, stocks, investments, businesses, etc.) minus liabilities (things that depreciate or loses value, expenses, maintenance, & spending). Wealth is not determined by how much money you make but by how much you keep and what you do with it. You either work for your money or your money works for you.
0 Comments
Leave a Reply. |