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Wednesday, 29 October 2008 |
By Ron Richardson
 I attended a seminar put on by T. Harv Eker, called 'The Millionaire Mind Intensive' and it was just that, Intensive! I heard the best definition about what it really means to be 'Financially Free'
T. Harv, who by the way, went from 0 to a millionaire in 2.5 years, said it like this.
'To be 'Financially Free' you need to be able to live the lifestyle you desire, without having to rely on anyone else (welfare, unemployment, hand outs or charity'
But the key is that the income must be passive. What ever business system you set up, it must be able to run without you. That's why the Internet and the technology is so appealing to most, because you can have a system run on autopilot for the most part, and bring in passive income every month.
To be financially free means that there is enough, or more then enough, passive money coming in every month, then what is going out (being paid).
If you add up your out going payments every month and they total $3000, and |
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Last Updated ( Wednesday, 29 October 2008 )
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