Can you convert your expense into your investment? If you can, it can be a goldmine for Financial Independence. Are you aware of the difference between expense and investment? Yes, of course! I believe most of the people are aware of the difference between expense and Investment. However, very few are aware of the process through which you can convert your expense into an investment. In this article, I am going to reveal a simple concept through which you can do it. A journey to Financial Independence is not an easy task. But with proper mindsets, if you can convert our expense into investment, it can be a goldmine to achieve Financial Independence. Network marketing is the tool you can use for this. Also, it needs a lot of patience and consistent effort.
Category Archives: Money
20 Passive Income ideas you must try in 2019 on your journey to Financial Independence
Under the pressure of corporate life and marginal income from their job, so many people aspire to have some passive income. Passive income is all about earning money without putting much effort. It is the income which keeps flowing to your account even while you are sleeping. Having passive income enable you to follow your passion and spent quality time with your family. Ultimately, it is the passive income which may lead you to Financial Independence. In this article, I am going to reveal 20 passive income ideas which you must try in 2019 on your journey to Financial Independence.
Action to be taken towards Financial Independence depends upon the cash flow quadrant in which you make money
We all have some sort of idea about Financial Independence. I had also explained the kind of mindsets required to achieve Financial Independence. But knowing about Financial Independence and the kind of mindsets needed to achieve Financial Independence is not enough. The result always comes from actions. So in this article, I will explain about action to be taken towards Financial Independence. Actions needed to be taken depend upon the cash flow quadrant in which you make money.
What is difference between Wealth and Income? Leveraging is the key skill to build wealth quickly.
What is difference between Income and wealth? Income is what you earn. Income is usually defined in terms of money. The money that an individual or business earn as their salary in returns of providing a good, services or through investing capital is called income. It involves the flow of cash. While wealth is the net worth that an individual owns. It is equal to the value of all their assets minus all their liabilities. It includes all their assets such as money, personal property and real estate. It takes time to acquire wealth from income. What is leverage? Leverage comes from root word- Lever. Lever comes from an old French word meaning “to make lighter,” which is an apt description of the power of leverage. Similar is the case with wealth. You can use a lever to leverage your money and time to turns your wealth into manifolds.
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