You know what it takes to be financially independent and you understanding how generating passive income is the key to that independence, but you may not think that generating that type of income is attainable for you. The truth is that generating passive income is by no means out of reach for anyone, no matter […]
The idea of passive income can be a tricky concept to grasp. The most important thing to realize is that passive income doesn’t just happen. It’s created! Passive income can be created from a number of different sources. The most common places include, but are not limited to, the stock market, business, real estate and […]
I’m sure you’ve heard the term passive income before and you might have even asked yourself, what is passive income exactly? Well….passive income is simply money that is made passively! And what does that mean?! Basically it means that it’s money earned by doing the least amount of work with the most minimum amount of […]
There really are two sides to debt. In general debt is typically bad, but on the flip side, there is good debt. What is good debt? Good debt is money you borrow to pay for something that will increase in value and/or will pay you back after you make the purchase. An example of debt […]
Even though there are so many different ways of making extra money to increase your income, it can still be hard to figure out how. When creating multiple income streams, one way would be to take advantage of your own potential based on hobbies, interests, experience, talents or passions that you already have. Whatever you […]
An asset is something that has or provides a certain type of value and that value can come in many different ways. With regards to finances, it’s about monetary value. When you think about investing in assets and getting a return on those assets, I believe few people ever think of themselves in that way. […]
Whatever your financial situation is, having the knowledge to recognize the difference between assets and liabilities plays a crucial part for creating wealth in your journey to financial freedom. It’s a basic understanding that you need to have for dealing with your finances. Without it you just end up spending your money haphazardly. Spending your […]
You might not realize it, but how you feel and think about money is the main reason for your financial situation. One way to help you realize and re-think your relationship with money is to get a different perspective from those who have already “been there and done that.” These 3 books have had a […]
A lot of us have been sold the idea that we need to go to school, attend college, get a 9-5 job that we end up working for years until we can (hopefully) save enough money to retire, leaving us to do what we enjoy when we’re old. Who the heck wants to live like […]
What is passive income exactly? Passive income is simply money that is made passively! And what does that mean?! Well…basically, it is money that’s earned by doing as little work or the most minimum amount of work possible. Unlike a job where we have to work in order to earn an income, passive income comes […]