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Special order this Your Guide to Financial Freedom Book from any bookstore with this ISBN: 0-9801941-9-9 | Secrets to Creating Passive Income and becoming financially free Thornton & Craig Tell the world about this book - tweet about it right now! ISBN: 0-9801941-9-9 Passive Income
greater than Expenses
equals Financial Freedom!
The financial gurus of our time teach that your money has to work for you if you are ever to reach Financial Freedom. Passive Income is the best way to accomplish this.
When you think " passive income," most people think stock investing, real estate investing, book royalties or savings accounts. Those are all good, but only represent a handful of the potential passive income streams that are available to you.
This book is intended to get your creative juices flowing, give you ideas, tools and resources so that you can increase your passive income up to the point where you're financially free.
There's an old silly saying, "The one who dies with the most toys - wins!" We'd like to replace that commonplace saying with one that makes a lot more sense.
"The one that gets financially free first, wins!"
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I wanted to make more money, but didn't know where to start! Thanks for all these great ideas where I can work in the areas that I already know about. So many of these 'new money' concepts force you to learn their stuff whether it is interesting to you or not! Thankfully, this book gives ways to make more passive in areas I'm already an expert in! ----Phillip, software
- Most everyone needs to make some more money, this book is loaded with tons of ways to do so - using the resources you already have. Do the things you enjoy - and make money at the same time! What a concept! Brilliant!!! You can work this without investing any of your own money, just your time... It can help you get through the tough times coming, if you get started NOW! --Kisha, student
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Table of Contents
- Introduction to Financial Freedom
- About the Authors
- Gift to Our Readers
- Why the "Hours For Money" Model Doesn't Create Financial Freedom
- "It Takes Money To Make Money" is a Myth
- How the Rich Do it
- Do Us A Favor...
Idea Fest
- The Value of an Opinion
- The Value of a Problem
- The Value of Experience
Practical Application
- How to Get Paid for What You Already Know
- How To Get Paid for What You Want to Learn
- Duplicating Yourself
- Making Your Resources Work For You
- Making Your Money Work For You
The Workbook
- Your Needs, Your Goal
- Calculate Your Expenses, Know Your Goal
- Pep Talk
- Can You Decrease Your Expenses Anywhere?
- Should You Increase Your Expenses Temporarily?
- Vacations
- How Much Income Do You Bring In now?
- Create A Plan
- Conclusion
- Pass It On
- Sources & Resources
Examples, Interesting & Fun Websites
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Secrets of Creating Passive Income and becoming financially free
Introduction to Financial Freedom
Most people, when asked what they "do for a living" respond with a description of their 'Active Income' * source - their job, profession or basically, their main source of income as if how you generated your money defined you.
Wouldn't you rather answer that question with a description of what you 'love' to do. Financial freedom is about freeing you from having to go to work to meet your expenses, allowing you to chose to spend your time at something you love. Maybe that is still work, but it'll be work you choose to do. Maybe it'll be work, but it'll be the volunteer work you've always wanted to do. Maybe it'll be spending time with others inspiring them to become financially free also so that you can go on trips to fantastic places together now - not when you're too old to enjoy it!
*Active Income is whatever you are doing to create your paycheck today. For most people, it is a job with an hourly wage or annual salary. Either way, it is a trade, your time for their money.
So, what is the definition of "Financial Freedom?"
The description that makes the most sense is the simplest one:Financial freedom is achieved when you get your passive income to exceed your expenses.
Fine then, what is Passive Income ?
"Passive Income" is defined many ways.
The IRS defines passive income as "income generated by an activity in which the taxpayer does not materially participate."
Passive Income is not time dependent.
Passive Income works for you, not the other way around.
Passive Income will require some activity and attention, but the time involved will be minimal compared to the returns. You get to determine how much time and when you spend it.
True Passive Income is something that you can walk away from and it still pays you.
Passive income has the ability to multiply, without limit, the use of your time, effort and energy.
Some good examples of passive income are:
- royalties on a book
- interest income on money in the bank
- rental income on an investment property (when you are not the landlord)
- stock dividends
- affiliate commissions
- digital product sales
- referral bonuses
- consulting
- teaching / tuition
- raising fish, plants, pets
- advertising for others
- vending machine income
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Resources
Recommended Books:
Interesting Books:
Tele-seminars:
Resource Websites:
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