Sunday, 17 March 2013

Financial Freedom

                               SET YOURSELF FREE



Financial Freedom - When Passive Income exceeds living expenses
  • Passive Income can be made from 5 business or investment vehicles. I recommend you play in all.
  • Expenses can be reduced or clearly budgeted, you can still choose your desired lifestyle.
#1. Real Estate

Passive Income = Rent
Three income streams
  • Yield
  • Capital Appreciation
  • Debt
Three wealth engines
  • Leverage, Compound Interest, Residual Income
Strategy element : Intelligence and Leverage
 
#2. Paper Investments
 
Passive Income = dividends, ROI, interest
Categories
  • Shares/Stocks
  • Bonds
  • Treasury Bills
  • Fixed/Term Deposits
Functional wealth Engines
  • Compound Interest, Residual Income
#3. Automated Business

Passive Income = Directors Bonus
Categories
  • Trading
  • Services
  • Manufacturing
  • Support Services
Wealth Generation Engines
  • Leverage, Passive Income
#4. Intellectual Property

Passive Income = Royalty
Categories
  • Music
  • Writing/Speaking
  • Movies
  • Innovation
Wealth Creation Engines
  • Leverage, Residual Income
#5. Network Marketing

Passive Income = Bonuses
Categories
  • Unilevel
  • Binary
  • Hybrids
Rated #1 industry in millionaire creation
Wealth Creation Engines
  • Leverage, Compound Interest, Passive Income
“A goal without a plan is just a wish” – Larry Elder



 

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