Posts Tagged ‘financial freedom’
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. Read the rest of this entry »