A Quote by Robert Kiyosaki
The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.
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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.
Write down the area of your life that most needs your attention right now and then write out all the details you saw of your soul's vision for this part of your life. What will that part of your life look like? How will achieving your goal change your life? How will it change the life of those around you? When you reach your goal, when you fulfill that desire, what will it make room for? Write that all down.
Your circumstances will line up with your words. ... Words are like seeds, they have creative power. ... The more you talk about it the more you call it in. ... Your words will give life to what you are saying. ... You can change your world by simply changing your words. ... You can use your words to bless your life or curse your life.
Remember life insurance is intended as income replacement to help dependents and or/spouse pay for things that your income would have covered. When you get to the point that you're dependents (Your kids mostly) aren't dependent on your income, you could reduce the amount of life insurance you are carrying.
Owning a variety of asset classes means that some part of your portfolio will be doing well when the cyclical turmoil arises. A broadly diversified portfolio includes large capitalization stocks, small cap, emerging markets, fixed income, real estate and commodities.
What starting your company means: you will lose your stable income, your right to apply for a leave of absence, and your right to get a bonus. However, it also means your income will no longer be limited, you will use your time more effectively, and you will no longer need to beg for favours from people anymore.
There are two words that, when spoken, have the most unfathomable power to completely change your life. Two words which, when they pass your lips, will be the cause of bringing absolute joy and happiness to you. Two words that will create miracles in your life. Two words that will wipe out negativity. Two words that will bring you abundance in all things. Two words which, when uttered and sincerely felt, will summon all the forces and vibrations in the Universe to move all things for you. The only thing standing between you, happiness, and the life of your dreams is two words THANK YOU!
The best thing we can do for family values is to repeal the income tax. Then families will have the resources they need to implement their own values - and not those of the politicians. With the income tax gone, families will no longer be forced to have two breadwinners by necessity. Children will be raised better, family values will predominate, and crime will diminish. If your local school indoctrinates your child with values that are alien to you, you'll have the money to buy a private education.
Your income is a direct reward for the quality and quantity of the services you render to your world. Whatever field you are in, if you want to double your income, you simply have to double the quality and quantity of what you do for that income. Or you have to change activities and occupations so that what you are doing is worth twice as much.
The truth is, if you are a woman saving 10% of your income for retirement, and you put it in the bank account, your chances of retiring well - living on 90% of your pre-retirement income for your full life - is 0%.
You become financially free when your passive income exceeds your expenses.
Since your outcomes are all a result of your moment-to-moment choices, you have incredible power to change your life by changing those choices. Step by step, day by day, your choices will shape your actions until they become habits, where practice makes them permanent.
Your life will be transformed when you make peace with your shadow. The caterpillar will become a breathtakingly beautiful butterfly. You will no longer have to pretend to be someone you're not. You will no longer have to prove you're good enough. When you embrace your shadow you will no longer have to life in fear. Find the gifts of your shadow and you will finally revel in all the glory of your true self. Then you will have the freedom to create the life you have always desired.
There is a warning. The path of God-exalting joy will cost you your life. Jesus said, “Whoever loses his life for my sake and the gospel’s will save it.” In other words, it is better to lose your life than to waste it. If you live gladly to make others glad in God, your life will be hard, your risks will be high, and your joy will be full. This is not a book about how to avoid a wounded life, but how to avoid a wasted life. Some of you will die in the service of Christ. That will not be a tragedy. Treasuring life above Christ is a tragedy.
You have to do your best to face every moment, because this moment will never come again. The moment that you are living right now is a very important opportunity to make your life vividly alive. If you want to live with spiritual security in the midst of constant change, you have to burn the flame of your life force in everything you do.
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