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 Scroll down to read more about Secrets to Creating Passive Income! | Secrets to Creating Passive Income and becoming financially free Thornton & Craig 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 free first, wins!" | All Buying Options:
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Secrets to Creating Passive Income
Special order this Financial Freedom Handbook from any bookstore with this ISBN: 0-9801941-9-9 Secrets to Creating Passive Income This book is available on Amazon.com's electronic reader, the Kindle
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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
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
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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
stock dividends
affiliate commissions
multi-level marketing structures
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:
Advanced Book Marketing 0-9820838-6-6 EJ Thornton
Revenue Beyond Royalties 1-932344-39-X EJ Thornton
Secrets of the Millionaire Mind 0060763280 T. Harv Eker
So You Want To Write A Book 0-9801941-3-X Othniel J. Seiden
The Basics of Profitable Publishing 1-932344-50-0 EJ Thornton
Interesting Books:
Visual Basic 2005 Cookbook 0596101775 John Craig & Tim Patrick
Visual Basic 6.0 Developers Workshop 157231883X John Craig
Health and the Domino Effect 1932344551 Sharon Price, CN
What Will Set You Free 0-9774761-8-9 Cynthia James
Brother Asaiah 0-9779960-4-2 Martha Ellen Anderson
Sex in the Golden Years 0-9801941-0-5 Othniel J. Seiden, MD & Jane Bilett, Ph.D.
The Cartographer 0-9801941-2-1 Othniel J. Seiden, MD & Jane Bilett, Ph.D.
Heavy & Healthy 0-9779960-5-0 Othniel J. Seiden, MD & Jane Bilett, Ph.D.
Tele-seminars:
Seven Ways To Make Everyday a Payday by EJ Thornton
Resource Websites:
AssociatedContent.com
BoomerBookSeries.com
Clickbank.com
Craigware.com
E-lance.com
FreeConferencing.LiveOffice.com/
Articles
Affiliate Programs
Intellectual Property
Private Equity Investing
Publishing
Real Estate Investing
Stock Investing
Web Optimization
ForTheWealthOfAll.com
FreeU.com
Hartunian.com
Revenue Beyond
Shawguides.com
Snapmonkey.com
E J Thornton
John Clark Craig
T. Harv Eker
Examples, Interesting & Fun Websites
Cloudbait.com
CNN.com
Heavens-Above.com
LucidLights.net
PetHealthFocus.com
Sports-Top-10.com
StickySheets.com
Gentle-Angel-Secrets.com
Affiliate Programs:
Amazon.com
asseenontv.com
CommissionJunction.com
Ebay.com
Google.com/adsense
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