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 Model research. Choose a residual income vehicle and implement your financial freedom plan today!
Residual Income Model Information
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More residual income model Resources
acct.tamu.edu/loudder/647_03c/smch12.doc
... In the residual income model, base income is the discount rate times book value at the beginning of ... Because the residual income model can be applied at either the equity ...
Reconciling Value Estimates from the Discounted Cash Flow Model and the Residual Income Model
Reconciling Value Estimates from the Discounted Cash. Flow Model and the Residual Income Model. Russell Lundholm. University of Michigan. Terry O'Keefe. University of Oregon. University of Queensland. December 30, 2000. forthcoming in ... and the Residual Income Model. In this paper we investigate why practitioners and researchers get different estimates ...
Residual Income
... Residual Income Model. Return to Page 1 ... 2nd Level. 0. Residual Income. $ 4.00 ...
SSRN-Equivalence between Discounted Cash Flow (DCF) and Residual Income (RI) by Joseph Tham
... Recently, the residual income (RI) model has become very popular in valuation because it purports to measure ... favor of the RI model. The residual income model is seductive because ...
Nonlinear Residual Income Model
Nonlinear Residual Income Model Nonlinear Residual Income Model Nonlinear Residual Income Model Abstract Residual income has been proven to be a new approach of value relevance recently. The purpose of this study is to introduces residual income...
Find in a Library: Essays on the residual income valuation model
... • Title: Essays on the residual income valuation model • Author: Qiang Cheng • Publisher: 2002 ...
faculty.babson.edu/halsey/acc7000/Halsey%20IAE%20paper.doc
... USING THE RESIDUAL-INCOME STOCK PRICE VALUATION MODEL TO TEACH AND LEARN RATIO ANALYSIS ... cash flows and the residual-income model defines them in terms of residual earnings (see note ...
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