7 Steps to Create More Financial Success in Life- Day 4

4. Having a plan to have lifetime passive income Many of us aim to
have financial freedom in our lives. We want to be able to work
because we choose to and not because we want to, we want to travel,
we want to do the things we love without worrying about money. In
order to have true financial freedom in our life, having a plan to
have a lifetime passive income is so important. I have seen the
mistakes that people make - they are so focused on building their
wealth and growing their income. I think this is also very
important, but how do you turn your active income into passive
income? Active income is the money you generate while you are
working. You could have a 9-5 job, you can be a businessman, a
realtor, a coach - but if you stop today, how long will your money
last? Let's go back to the house-building analogy. Wealth creation
is just like building a house. You don't want to just focus on one
thing, which is growing your money. It is important, but not all
the time. Personally, when it comes to money, I always divide mine
into 3 different buckets.1. Security - my retirement money; money I
save for when I get old and become unable to work anymore.2. Growth
- money that I can risk; an amount that has great potential, no
matter how much the risks are.3. Lifestyle - disposable investments
that are great if they would work out, but if they don't, would not
hurt my finances. Do not put all your eggs in one basket because if
something happens to your basket, your eggs will all be gone. Do
not just focus on making more money, but focus on creating a
strategy that will help you have a lifetime income plan so you will
never run out of money. I want to invite you to start planting
seeds in your mind that would help you build your strategy to
create passive income that will last you a lifetime. That's your
ticket to true financial freedom. I hope today's message added
value to your day and if you are interested in talking about
achieving financial freedom with me, I would be glad to have a 1 on
1 session with you so we can talk about your wealth blueprint! See
you tomorrow!