What Is Financial Freedom
According to Robert Kiyosaki, financial freedom of a person is when the residual income and / or liabilities exceed the costs.
A residual income is basically periodic payments you receive after a first sale.
An example would be a composer or author that continues to receive royalties from the sale of a workpiece or once established vendors who continue to receive monthly fees for onetime sales. Passive income ‘income from business investments in which the individual is not actively involved. ” Examples of such income was received dividends from shares or a monthly rental property, or interest on the money sitting on the bench.
Some benefits of financial freedom.
* Having more free time.
* Quality of Life
* Do not worry about debts
* To live without financial worries
Now the financial freedom does not mean you’re a millionaire but have enough clearance to live a carefree life by coming to the end of the month. Remember that it is more rich who earn more but spend less.
One of the most important things to get your financial freedom is not sufficient merely to enable you to have discipline and attitude, she needs to know at this point I advise you out of your pocket to your head, your head will fill your pockets.