Positive cash flow occurs when your income (active plus passive) is higher than your expenses during the same period. To create passive positive cash flow, your passive income (from assets) needs to be higher than all your expenses.
Real estate is property comprised of land and the buildings on it, as well as the natural resources of the land. Real estate can be grouped into three broad categories based on its use: residential, commercial and Read more…
Types of Assets Learn about the four general types of assets: business, real estate, commodities, and paper assets. It is important to learn about the pros and cons of each, find out which will work Read more…
Things You Must Check when Buying a Used Car There are only a few cases where car ownership is considered an asset (for example, ride sharing). A car will depreciate quickly, especially when new. Therefore, Read more…
The wealthy, poor, and middle class will buy different things on payday. Watch this video to see what they will buy, and learn how to get into the habits of the wealthy. After watching, please share Read more…
Financial Statements There are three financial statements that you should look at each month to “take the pulse” of your finances, and make sure there are no irregular heartbeats that indicate your finances may soon Read more…
Basic Investing Rules Here are some basic investing rules that we can all use to acquire assets and start planning for our retirement. The investor is the asset or liability Many people think investing is Read more…
Most people think only of making money. They don’t realize that there are different kinds of money to work for. Robert Kiyosaki believes that there are three kinds of income: Ordinary earned income: Generally earned from a Read more…
If your goal is to work less, earn more, and finally escape the Rat Race, then you need to start creating passive income for life. HOW TO CREATE PASSIVE INCOME Learn more by saving your Read more…
If you want to save money on shopping, then you need to get Flipp. WHAT IS FLIPP? Flipp is the go-to app to compare prices and find the best deals when planning your grocery shopping Read more…
Whether you’re paying rent, saving for a vacation, or could just use extra cash, drive with Lyft. It’s a flexible way to earn and meet a new community — passengers and drivers alike. WHAT IS Read more…