Financial Freedom
It is true that everybody know the concept of ESBI. The good
thing is that we have to differentiate Active income or Passive income. Everybody have to work for the money as long as
you are earning active income, however, money works for the people who created
passive income streams. If you have your goal to financial freedom, you have to
change your mindset to the money first how you can achieve it.
Employee
Regarding with employee’s life, it is good that you
always get salary every end of the month as long as you are bonded to the business and you do
not even need to worry about whether the company is doing well or not.
Moreover, you can have annual leave, medical leave and have to work 9-5 pm (5 to
6 days) every week. You have to work like repeating circle (from home to work)
However, you will not get anything if you are not employed any more. The people
in this category, who always struggle for survival and you cannot build the
wealth for yourself, but for the boss.
Self-employed
It is better than employee’s life as you can open your own
shop or company as you like and earn ant then you are building success for yourself.
However, you cannot have holidays and you cannot stop running your business. If
you stop, you cut your income as well. The risk is that you have to take
because you do not know how it will turn out and you need some amount of money to
start business, to rent the land and to hire staffs. Besides, you still have to work for money.
Business owner
There is a example that we can take, for example, KFC, that
main branch is in US, but its branches went all over the world and the owner is
still getting money even though he passed away. It is true that he is earning
million dollars a day whenever there is a customer who eats KFC in any places
and he will get profit with how many people having KFC all over the globe. It
is imagined that he will get profit $1 whenever someone eat One meal and
multiply with people who eats every day. The business owner have the best
employee to run for their business.
Investor
It is undeniable that you can start your investment in any
places if you have tons of money, but you have to do research which business is
doing well and think risk as well. If you invest in well- known business, it
works for you. If you invest in stock market, you still need to learn and do
testing. As long as money working for you, you can easily reach your
financially freedom.
In summary, everything cannot be changed overnight, it need
to be done step by step to get financial freedom by doing passive income streams.
If you want to be business owner or earn passive income, you can start with small and earn residual income and reach your financial freedom goal. There is a simple step by step strategy that you can do to get consistent income.
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