tag:blogger.com,1999:blog-89260217945928384162018-11-26T05:22:12.074-08:00finance your freedomhttp://www.blogger.com/profile/03254840538190978361noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8926021794592838416.post-41135984025763091442018-10-19T06:37:00.001-07:002018-10-19T06:37:47.939-07:00<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-Wa3zCYPAvpY/W8nZq-qCrHI/AAAAAAAAABo/3NNExkOX-6MB5dXXYZEjoBwAgvd7-XUOwCLcBGAs/s1600/20181019_184729.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="751" data-original-width="1024" height="234" src="https://1.bp.blogspot.com/-Wa3zCYPAvpY/W8nZq-qCrHI/AAAAAAAAABo/3NNExkOX-6MB5dXXYZEjoBwAgvd7-XUOwCLcBGAs/s320/20181019_184729.jpg" width="320" /></a></div><br />George clason in his book, 'The richest man in babylon' said, the first person who deserves a portion of your income is you, yourself. First pay 10% of your income to yourself and then to your other expenditures. This 10% that you get is meant to be your investment amount. This is the Golden Rule, trust me when I say this is the golden rule. When you learn to pay yourself first you will realise that you can still pay for for all your other expenses and have money for your investments too. Most people first pay for their expenses and thus in the end they never have any money left for savings or investments. If you don't want to be categorised in the most people group. Then start following the Golden rule. Once you start accumulating money, that money will help you make more money.</div>finance your freedomhttp://www.blogger.com/profile/03254840538190978361noreply@blogger.com0tag:blogger.com,1999:blog-8926021794592838416.post-91102716612601679052018-10-16T10:11:00.000-07:002018-10-16T10:11:50.489-07:00<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-YPchs4dQxP0/W8YW8LCayEI/AAAAAAAAABI/1Ha01wk5pdgwW2h3rcYpyenWWu23k6k5QCLcBGAs/s1600/PhotoGrid_1539077979906.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1536" data-original-width="1024" height="320" src="https://1.bp.blogspot.com/-YPchs4dQxP0/W8YW8LCayEI/AAAAAAAAABI/1Ha01wk5pdgwW2h3rcYpyenWWu23k6k5QCLcBGAs/s320/PhotoGrid_1539077979906.jpg" width="213" /></a></div><br />We think a good salary job and a few fixed deposits are good to make us financially Independent. Okay, now what if there comes a medical emergency and all your fixed deposits are gone in a swing, Are you financially Independent now ? The answer is No, financial Independence is when you are earning money and you invest a portion of that money to work more for you and then these investments help you create even more money, you reach a point where you have enough money to satisfy your needs and your luxuries and also to invest further.<br />My point here is to explain that you should have 2 types of Income : Active and Passive. Active income is the salary you earn through your job or the profits you make from your business. On the other hand the portion of active income that you invest further and which helps you create more money is your passive income.</div>finance your freedomhttp://www.blogger.com/profile/03254840538190978361noreply@blogger.com0