According to Donald Latumahina, passive income is our key to financial freedom. The more passive income we generate, the less dependent we are on our job. At one point, when our passive income exceeds our expenses, we can stop working anytime we want and still live the lifestyle we desire. That is financial freedom.
But passive income takes time to build. You can’t expect to start working on it now and be financially freedom next year unless you are very lucky. So the best time to start is now. The earlier you start working to build your passive income, the sooner you will reap the results.
That’s why he put together this list of passive income resources. There are a lot passive income resources out there, but he's put only the useful ones here.
Monday, April 20, 2009
20+ Free Passive Income Resources
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5:03 PM
Labels: Educational, Financial
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2 comments:
Here is a great website about finances http://www.daveramsey.com/
With discipline, anyone can have financial freedom.
Thanks JayRay - I'll make sure I check it out!
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