You might have been familiar with the phrase Financial Freedom. What does it actually mean? What kind of condition that can be mentioned as financially free?
You can be called financially free, if your passive income is higher than your daily expense. How big is it? It may vary to everyone. For some people, 5 thousand dollar is more than enough. But for some other people, 5 million dollar is never enough.
How about you? How much passive income do you need?
If you have asset, you will get income or passive income without working
Asset is something that will give you income, in which you don’t have to work on.
If you rent your house, you will have the money. The house is your asset.
If you don’t have house to rent, don’t worry. According to The Cash Flow Quadrant written by Robert Kiyosaki there are three business system which build asset.
The Cash Flow Quadrant: Rich Dad's Guide to Financial Freedom
1. Build a company and set up the system.
Hire employees and make good management to control everything and it will run automatically. Therefore, no matter you are present or not, the company will always give you income. Then the business is your asset.
But if you don’t have enough capability to set up good system, don’t worry. There is second way.
2. Buy the franchise license like KFC, Mc Donald, Starbucks, etc.
You don’t have to set up any system. They already have all the system. You just have to hire employees. Then the company will run. And the company is your asset.
The two ways I explained above are very good. There are many people get rich by that ways. If you think you like the system above, pick one. But if you don’t have enough money as well as skill and experience, there is another way.
3. Personal Franchise Business, or Network Marketing or Multi Level Marketing (MLM).
An MLM business is a learning society. You will be trained since the first day you join. The capital you need is relatively small, but the potential is unlimited.
In MLM business, you will build a network. Once the network is set up then you have an asset, which will give you a passive income for you. And when the passive income is higher than all your needs, you have reached what so called FINANCIAL FREEDOM.
Some people have an allergic on MLM business. You might be one of them. Some people say that MLM is a door to door business. Some people are afraid of rejection.
You can be called financially free, if your passive income is higher than your daily expense. How big is it? It may vary to everyone. For some people, 5 thousand dollar is more than enough. But for some other people, 5 million dollar is never enough.
How about you? How much passive income do you need?
If you have asset, you will get income or passive income without working
Asset is something that will give you income, in which you don’t have to work on.
If you rent your house, you will have the money. The house is your asset.
If you don’t have house to rent, don’t worry. According to The Cash Flow Quadrant written by Robert Kiyosaki there are three business system which build asset.
The Cash Flow Quadrant: Rich Dad's Guide to Financial Freedom
1. Build a company and set up the system.
Hire employees and make good management to control everything and it will run automatically. Therefore, no matter you are present or not, the company will always give you income. Then the business is your asset.
But if you don’t have enough capability to set up good system, don’t worry. There is second way.
2. Buy the franchise license like KFC, Mc Donald, Starbucks, etc.
You don’t have to set up any system. They already have all the system. You just have to hire employees. Then the company will run. And the company is your asset.
The two ways I explained above are very good. There are many people get rich by that ways. If you think you like the system above, pick one. But if you don’t have enough money as well as skill and experience, there is another way.
3. Personal Franchise Business, or Network Marketing or Multi Level Marketing (MLM).
An MLM business is a learning society. You will be trained since the first day you join. The capital you need is relatively small, but the potential is unlimited.
In MLM business, you will build a network. Once the network is set up then you have an asset, which will give you a passive income for you. And when the passive income is higher than all your needs, you have reached what so called FINANCIAL FREEDOM.
Some people have an allergic on MLM business. You might be one of them. Some people say that MLM is a door to door business. Some people are afraid of rejection.
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