Wow! I'm amaze with the wisdom of these couple. They have a heart in helping people to be aware and conscious about personal finance and financial freedom.
The way I understand their books, here's what they want to convey:
Active Income | Passive Income |
Income is earned from Activity | Income is earned from the development or acquisition of Assets |
Income is proportional to time spent | Income is INDEPENDENT of TIME |
Typically, you work for 40 hours/per week 40 years. | Retirement is a function of Passive Income not Time. |
CashFlow Quadrant | |
Active Income | Passive Income |
Left Side of the Quadrant | Right Side of the Quadrant |
90% of the people earns 10% of the wealth | 10% of the people earns 90% of the wealth |
Activity-based or Active income ( you work for money) | Asset-based or Passive/On-going income ( money works for you ) |
For self education on Financial Intelligence and Financial Freedom, I suggest you get hold of Rich Dad Poor Dad by Robert Kiyosaki and Rich Woman by Kim Kiyosaki books.
Likewise, thank you to the following Empowered Pinoy, for their desires and efforts in helping us free ourselves financially.
Internet Marketing - Jomar Hilario
Real Estate Investing - Larry Gamboa
I Am Truly Rich - Bo Sanchez
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