16. 2 general ACTIVE income streams By Robert Kiyosaki, Financial Expert
17. employee Working for someone else. For the most part, gets paid regularly. Some jobs even have great benefits like health care and insurance.
18. Self employed/small business You are your own boss. You set your own workhours. Income varies. Income is based on your hardwork and the amount of time you put in it. No health benefits and other perks enjoyed by the employee like sick leave.
19. They are both smiling and are both trapped in the rat race What is Common between them?
20. As long as you are trapped in the rat race, no matter how hard you work, you will always be a slave to time and money. “The Rat Race is a slow death that gradually eats up our soul to the point that we no longer have dreams”
21. Wealth is measured not by the amount of money you have more than other people but time you have to spend it on activities you desire
22. you can do, you can become, and you can have whatever you want THE CHOICE IS YOURS! MAKE IT TODAY
26. Assets are anything that adds money to you. However, this should not be taking more time from you for it to become an actual asset. Time consuming ventures not only put additional stress to your health but also to your family relationships. The idea is to ultimately free you from the burden of working 8 hours or more a day.
27. This is where the second half of the cash flow quadrant comes in INVESTMENTS BIG BUSINESS You have great people working for you. You have your money invested in businesses that are earning the money for you.
28. A good way to test if the business that you own can already pass as an asset that generates passive income is to ask yourself “if I leave for a year, can my business survive and even become stronger without my supervision?” IF THE ANSWER IS YES, THEN YES YOU HAVE AN ASSET. If the answer is no, you do not own a business, the business owns you
29. For employees, the key to wealth will be to keep their day jobs while learning how to do business and doing it part time.
30. For self employed and those with small business, you are already one step ahead. Now all you have to do is to transform your active income into a passive income project.
31. The 4 principles of succesful business By Professor Charles King, Harvard University Graduate and Professor of Marketing in the University of Illinois.
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33. The biggest trend setter of the 20th to the 21st Century are the BABY BOOMERS The Baby Boomers are the children that were born immediately after WORLD WAR 2. Currently they control 60 to 80% of the worlds financial power If you can predict what these generation will want and need, you can make a fortune
