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Posted over 3 years ago

THE SECRET TO FINANCIAL INDEPENDENCE...IT'S NOT YOUR W-2

I am passionate about personal financial education and financial independence. No matter who you are, everyone should strive for some point of financial independence.

There is a lot written on financial independence and even a chart showing 7 levels of financial independence that goes from creating a budget to abundant wealth.

If you want to reach financial independence, you essentially need to increase your income, decrease expenses, and invest the rest.

For the majority of us, our full-time W-2/1099 job is not sufficient to help us reach financial independence. Other sources of income is necessary.

๐“๐ก๐ž ๐ฌ๐ž๐œ๐ซ๐ž๐ญ ๐ญ๐จ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ข๐ง๐๐ž๐ฉ๐ž๐ง๐๐ž๐ง๐œ๐ž ๐ข๐ฌ ๐œ๐ซ๐ž๐š๐ญ๐ข๐ง๐  ๐ฆ๐ฎ๐ฅ๐ญ๐ข๐ฉ๐ฅ๐ž ๐ฌ๐ญ๐ซ๐ž๐š๐ฆ๐ฌ ๐จ๐Ÿ ๐ข๐ง๐œ๐จ๐ฆ๐ž.

You might ask, "how can I create multiple streams of income when I am just barely surviving each day with my job and family obligations"?

๐™ˆ๐™–๐™ญ๐™ž๐™ข๐™ž๐™ฏ๐™ž๐™ฃ๐™œ ๐™ฎ๐™ค๐™ช๐™ง ๐™ฉ๐™ž๐™ข๐™š ๐™–๐™ฃ๐™™ ๐™ข๐™–๐™ ๐™ž๐™ฃ๐™œ ๐™ฎ๐™ค๐™ช๐™ง ๐™ข๐™ค๐™ฃ๐™š๐™ฎ ๐™ฌ๐™ค๐™ง๐™  ๐™›๐™ค๐™ง ๐™ฎ๐™ค๐™ช ๐™š๐™ซ๐™š๐™ฃ ๐™ฌ๐™๐™ž๐™ก๐™š ๐™ฎ๐™ค๐™ช ๐™จ๐™ก๐™š๐™š๐™ฅ ๐™ž๐™จ ๐™ฉ๐™๐™š ๐™ ๐™š๐™ฎ. ๐™๐™๐™ž๐™จ ๐™ž๐™จ ๐™™๐™ค๐™ฃ๐™š ๐™ฉ๐™๐™ง๐™ค๐™ช๐™œ๐™ ๐™˜๐™ง๐™š๐™–๐™ฉ๐™ž๐™ฃ๐™œ ๐™ฅ๐™–๐™จ๐™จ๐™ž๐™ซ๐™š ๐™ž๐™ฃ๐™˜๐™ค๐™ข๐™š ๐™จ๐™ฉ๐™ง๐™š๐™–๐™ข๐™จ.

๐๐š๐ฌ๐ฌ๐ข๐ฏ๐ž ๐ข๐ง๐œ๐จ๐ฆ๐ž ๐ข๐ฌ ๐ข๐ง๐œ๐จ๐ฆ๐ž ๐›๐ž๐ข๐ง๐  ๐ž๐š๐ซ๐ง๐ž๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐ข๐ง๐ข๐ฆ๐š๐ฅ ๐จ๐ซ ๐ง๐จ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ ๐Ÿ๐ซ๐จ๐ฆ ๐ฒ๐จ๐ฎ. Examples of passive income include stock investing, real estate investing, creating online courses, selling eBook, etc.

I focus on passive real estate income because of the potential returns I have been able to receive, the tax benefits, and the recession resistant nature of the investments.

I consider every real estate property I invest in as one stream of income as they are really independent businesses. This allows me to have many streams of income all bringing in passive income to bring me to financial independence.

๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ข๐ง๐๐ž๐ฉ๐ž๐ง๐๐ž๐ง๐œ๐ž ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ฉ๐š๐ฌ๐ฌ๐ข๐ฏ๐ž ๐ฌ๐ญ๐ซ๐ž๐š๐ฆ๐ฌ ๐จ๐Ÿ ๐ข๐ง๐œ๐จ๐ฆ๐ž ๐ข๐ฌ ๐ฉ๐จ๐ฌ๐ฌ๐ข๐›๐ฅ๐ž ๐Ÿ๐จ๐ซ ๐š๐ฅ๐ฅ ๐ง๐จ ๐ฆ๐š๐ญ๐ญ๐ž๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ฌ๐ข๐ญ๐ฎ๐š๐ญ๐ข๐จ๐ง.



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