#112 – To achieve true financial independence, you need to build a passive income stream. From: Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin and Joe Dominguez.

Passive income is the money earned without the need to have a job — for example interest from a fixed c.d. bonds or dividends from owning stocks. When large enough to cover your monthly expenses, you can live on this passive income and become financially free. I look at it this way, if you save a dollar, you will  get interest on that dollar every year for the rest of your life.  If you’re wondering how you can begin doing this, read #105.

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About sand1

When I was young, I made a lot of bad choices. The only way I knew to dig myself and my family out was to go to the library, always hoping that the next book I read would change my life and thankfully, often many of them did. Out of gratitude for the happy life I have now, I decided to share what I have learned, and continue to learn. I hope that Tuesday Tips helps you as much as they have helped and continue to help me. Sand
This entry was posted in action, affirmative contemplation, attitude, happiness, Inspiration, kindness and compassion, life and love, life coach, money, Motivational, new thought, positive psychology, Positive Thinking, relationships, Self Help, Success and tagged . Bookmark the permalink.

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