A Quote by Steve Fisher

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.
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.
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.
The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one from equity account. And you want them to grow over time.
I like the honesty about direct selling because it openly tells people the way to get rich is residual income: Get paid tomorrow for something you did yesterday - and let it accumulate.
Submitting self to God is the only real freedom-because the deepest slavery is self-dependence, self-reliance. When you live your life believing that everything (family, finances, relationships, career) depends primarily on you, you're enslaved to your strengths and weaknesses. You're trying to be your own savior. Freedom comes when we start trusting in God's abilities and wisdom instead of our own. Real life begins when we transfer our trust from our own efforts to the efforts of Christ.
Work - get paid; don't work - don't get paid. Everybody is on commission, .. Try not coming to work for six weeks. Work gets paid; don't work, don't get paid. When they earn those dollars, and when you're 4, and you clean up your room, it really means mom cleaned up the room and you did two toys. When you're 14, it means you cleaned up your room. But still, we got the money caused by work, and then, we have teachable moments on how to handle the money they earn.
Senior executives can, after a fashion, get a portion of their pay tax-free. You defer part of your income and not have to pay taxes on it, and then when you retire you have the company buy a life insurance policy on you using that money. The company can deduct that money because it is a business expense, and the money will get paid out to your children or grandchildren when you die, so you have effectively given them your money and it's never been taxed.
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.
I have no doubt that there are Russian efforts to disturb the fabric of American democracy, but they're disruption efforts. They're troublemaking efforts. They're also not illegal.
I always think that reforms and turning China into a free country is a long and tortuous process. Despite this, in a totalitarian state, the fight for freedom comes from the accumulative efforts of the people; without such efforts, very little will happen.
Whether you're a DJ, whether you a rapper, whether you a producer, take it seriously. This is an occupation - you can get paid - don't expect to blow up overnight, and appreciate when you do get paid any type of money, appreciate it.
In a world of massive wealth and income inequality, Europe must support Greece’s efforts to build an economy which creates more jobs and income, not more unemployment and suffering.
If efforts to do social work are couched in selfish motives, then they will die a premature death. Why would my efforts get politicised? I have values I inherited from my father. He helped many. Anyone, even a postman knocking on our door would get a glass of water and some sweets.
I think all of us have really got to redouble our efforts, first of all, to pay attention to the K-12 crisis. The sad fact is that I can look at your zip code and tell whether you're going to get a good education. That's not fair. And secondly, I hope that all of us who were fortunate enough to have benefited will put our time, our resources and our efforts into making sure that kids, particularly kids without means, have a way to achieve.
During these unstable times, let go of any fear or insecurity in your emotions. Look for new ways that you can be rewarded for your efforts. Believe in yourself and your ability to create new streams of income. Rather than continuing in a season of fear, let this be a time to transition into a season of creative success!
To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis.
This site uses cookies to ensure you get the best experience. More info...
Got it!