Freedom Within Reach

7 Steps to Create More Financial Success in Life- Day 4

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Synopsis

4. Having a plan to have lifetime passive income Many of us aim to have financial freedom in our lives. We want to be able to work because we choose to and not because we want to, we want to travel, we want to do the things we love without worrying about money. In order to have true financial freedom in our life, having a plan to have a lifetime passive income is so important. I have seen the mistakes that people make - they are so focused on building their wealth and growing their income. I think this is also very important, but how do you turn your active income into passive income? Active income is the money you generate while you are working. You could have a 9-5 job, you can be a businessman, a realtor, a coach - but if you stop today, how long will your money last? Let's go back to the house-building analogy. Wealth creation is just like building a house. You don't want to just focus on one thing, which is growing your money. It is important, but not all the time. Personally, when it c