Lesson 1: The 8 Income Streams For Building Wealth
Lesson 2: Quiz
“The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.”
“I personally feel that the #1 benefit of having my expenses covered by passive income is that I get to keep doing a lot more of the kind of work I enjoy. I also get to work the way I want to work — where I want, when I want, how I want, and with whom I want.”
If you don't find a way to make money while you sleep, you will work until you die.
“My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from a business, rental income from real estate, and royalties.”
Residual income is passive income that comes in every month whether you show up or not. It’s when you no longer get paid on your personal efforts alone, but you get paid on the efforts of hundreds or even thousands of others and on the efforts of your money! It’s one of the keys to financial freedom and time freedom.S