Proven Passive Income quotations
To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis.
The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.
My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
You become financially free when your passive income exceeds your expenses.
The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.
The thing about drugs is that it [dealing] gives people an income to deal with, and it also gives people a compelling drama in their lives that they used to get from the office and the factory, and they're no longer there. What happens if you have everything in the hands of the state, particularly in the line of an authoritarian state, they just give people drugs to keep them doped up, to keep them passive.
Residual income is passive income that comes in every month whether you show up or not. It’s when you no longer get paid on your personal efforts alone, but you get paid on the efforts of hundreds or even thousands of others and on the efforts of your money! It’s one of the keys to financial freedom and time freedom.
Our beliefs do not sit passively in our brains waiting to be confirmed or contradicted by incoming information. Instead, they play a key role in shaping how we see the world.