July 20, 2013

Earned income will pay the bills. Passive income can make you rich AND free. What is passive income and how does one acquire it?

2 thoughts on “July 20, 2013”

  1. Richard J. Guillory says:

    Passive Income is money you receive without having to really work for it. Example is property you ow, but rent out. Or money you get from stocks and bonds you own. The money though, is taxable.

  2. Mike Finley says:

    Outstanding Richard! Passive income belongs to those who save their money and invest it in appreciating assets that produce income. Just as Richard stated, rental real estate and stocks and bonds are three very good examples. As you do this consistently over time, the pot of money grows bigger and bigger without any effort on your part. With a bit of patience and time, passive income can produce enough money to sustain you without earned income. When that happens, earned income will not be needed. You are FREE!

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