How well do you think your family will survive if you drop dead (God forbid) this minute? Can you maintain the quality of life you live at the moment if you lose your job or if business goes bad and you are not sure of any other source of earning in the next 2years? An ancient Jewish Proverb says,“there is much reserve in the escrow account of a wise man but a foolish man spends it all.” If you have not positioned your family to earn any form of passive income(consistent income that doesn’t require you to go to work or do anything) you are endangering your family. Passive income can be earned from any of these 5 major sources namely: Real Estate, Paper Investment, Automated Business, Intellectual property and Network Marketing(after building for 5years but do your research properly). If your family is spending more than you are earning it simply means you are borrowing from your future to service your present.
Posted on: Thu, 22 Aug 2013 19:03:13 +0000
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