True Wealth Requires Residual Income

Yes you too can achieve financial freedom. As any good financial planner will tell you, it involves a little dicipline, held over a relatively short period of time, and you too can achieve this honorable goal.

Jim Rohn says...

"It is our philosophical set of the sail that determines the course of our lives. To change our current direction, we have to change our philosophy not our circumstances"

Eliminate all your debt, including your mortgage. There are excellent tools available to help you break this down into bite size pieces, but what I did was list all of debt in order of interest rate (not including mortgage) and payed off the highest interest ones first, then used the extra monthly income to pay of the next one, and so on... After all credit cards and automobiles are paid off, then move on to the mortgage.

Invest the income you were using to service your debt in solid assets, such as real estate. Real estate offers a great deal of leverage. It goes without saying you'll want to get some great training on this topic, but it's worth it. 70% of the millionaires in the United States did it by investing in real estate.

Generate a solid residual income source to create financial freedom. You will truly know freedom when you can do everything you want to do when you want to do it and pay for it with money that comes in without your direct involvement. My favorite passive residual income source is Xango which has the added advantage of improving my family health at the same time.

Join the elite. Continue your Residual Income Definition research. Choose a residual income vehicle and implement your financial freedom plan today!

Residual Income Definition Information

RentPayment Announces $10,000 Sweepstakes

From August 1st through December 31st, 2010, company will award 50 monthly winners and 1 Grand Prize winner of $10,000. Sweepstakes will incorporate social media channels like Facebook, Twitter and...

(PRWeb July 30, 2010)

Read the full story at http://www.prweb.com/releases/2010/07/prweb4327744.htm

Storage Network Advantage, LLC To Exhibit at the 2010 Self Storage...

The Storage Network Advantage, LLC will be an exhibitor at the Self Storage Association’s 2010 Fall Conference and Trade Show from September 1st to September 3rd. They will be located at booth #532.

(PRWeb July 30, 2010)

Read the full story at http://www.prweb.com/releases/2010/07/prweb4330354.htm

Announcing the 2nd Quarter 2010 Edition of The Granite Companies’...

The Granite Companies announces the 2nd Quarter 2010 edition of the Construction Lending News, the source for news and updates on the residential and commercial construction lending industry.

(PRWeb July 30, 2010)

Read the full story at http://www.prweb.com/releases/2010/07/prweb4308394.htm

Travelers Looking to Rent Accommodations through New York Habitat can...

Booking a vacation rental with New York Habitat is now easier than ever with online video tours of apartments. Travelers booking accommodations can now view apartments through online videos and get an...

(PRWeb July 29, 2010)

Read the full story at http://www.prweb.com/releases/apartment-video/tours/prweb4318914.htm

More residual income definition Resources

Home Business - Residual Income
A Home-based Business that. JUST MAKES SENSE. Residual Income. Residual Income. Most people get involved in a home business to make extra money. ... "Residual Income" - income paid many times for something you do once. In a nutshell, that's the definition. As ... were looking to generate residual income you either sold insurance ...