Preview

Gateway to Financial Freedom

Satisfactory Essays
Open Document
Open Document
496 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Gateway to Financial Freedom
GATEWAY TO FINANCIAL FREEDOM

Hi,

It is my pleasure to share some information about TIME, MONEY and SECURITY.

You will agree that, we all work to make money. The money you make currently comes from your ABILITY and the TIME you put into your Job or Profession. This is called ACTIVE Income and is Limited / Insecure (Stops if you do not perform).

As an EMPLOYEE your Employer decides how much you earn, which decides

- where you live, - where your children study, - what vehicle you use, - when and where you holiday.

You make money from your qualification / experience and by putting in 8-10 hours of your time every day. If your qualification does not mach the requirement or you are not able to put in 8-10 hours of work, your income will STOP.

You are always compromising your desires to suit your current Income after putting away a portion to secure your future.

As a PROFESSIONAL / ENTREPRENEUR you may be able to earn a higher income, but there is always the risk of obsolescence / competition. You have to constantly update your knowledge and work long hours under the constant threat of losing clients.

You may make a lot of money but you don’t have the time to enjoy it with your loved ones. Sometimes you may even lose the money at the end of the day.

None of the above has both TIME and MONEY along with SECURITY.

Yet why do we go through all this?
To fulfill our dreams and that of our children / dear loved ones.

How many of your dreams / wishes have you successfully realized by now and what are your chances of your doing so in future?

Now think of Big Business Owners.

For example let us understand how Wipro Chairman Azim Premji makes money.

He employs 20 thousand employees and makes money from all of their Ability and Time invested by every one daily. He makes money from 1, 60,000 hours daily (20,000 employees working for 8 hr. each) working for him.

He has created an income stream which is

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Money is the motivating factor for most people nowadays and people will do almost anything to get it. Increasing your wealth has become a necessity in today’s materialistic society and continues to spread. People…

    • 323 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Even with a steady source of income, the price inflation of commodities and utilities are difficult for most people to follow. Opting for profit-driven career choices is acceptable, especially now, when the job market is tougher on younger workers. Being a student, I fully understand the need to have a stable job. Most of us incur debts even before we graduate from college, and these debts can be staggering enough that we will be paying it until we retire.…

    • 552 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Why People Attend College

    • 398 Words
    • 2 Pages

    To begin with, receiving a high salary is important for most people or families. People are…

    • 398 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Bus110

    • 743 Words
    • 3 Pages

    Q6 – What benefits do you lose by being an entrepreneur, and what do you gain?…

    • 743 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    One of those inactive dreams of mine was to be on a sport team, so I tried out for volleyball. I didn’t even think I’d make it, it was just fun to do something rash. I was surprised to see I had made it onto the JV team with no experience and a terrible serve. Another one of my dreams was to get somewhere in the fashion industry. I loved to design here and there,…

    • 303 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    People who do something for free, for purely idealistic reasons, tend to become less satisfied if they start getting paid. One would expect the opposite. After all, if you continue to do something you like, but also get paid to do it, you presumably have a good deal. The problem is that it changes one’s relation to the activity itself. It transforms…

    • 317 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    We work to make ends meet, whether you are employed or you work in your own business, we all engage in one activity or another, actively so as to make some money at the end of the day or the year. This form of active income can be demanding and tedious and we have to work to make money, however, we can also go into passive income, making money in a passive manner, in that we do not have to be actively involved everyday but we still make money.…

    • 1733 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Some may think money is everything and need to have a lot of it. They may think this because they see other wealthier families with more and would like to have that too. Some people think having all the material things in the world will make you happy. To the people that think money is everything, one may want to revise their priorities. One only lives once so make family time the best time and do not worry about money all the time. Money should not play a big role in the idea of the American dream. Money sometimes takes over a person and leaves no time for their family and friends. Once a person makes some money they may become "addicted" to having it and leave no time for themselves. I believe that there is always time to make money but not so much time to spend with the people you love. Family will always have an idea of who you are you do not want to be the person who is revolved around work and never has time for anyone. From experiences, some may say not having a father figure or mother figure in their lives as they grew up has n influence on how they want to live their lives. Having parents who value money more than time may influence a person's perspective on how they think of the American Dream. Some people think this because they see their parents as authority figures and whatever they value must be…

    • 1111 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Life is too short to worry and fight over petty issues, rather one should have a meaningful purpose in life and achieve the same with hard work and perseverance, happiness and contentment will automatically follow. Money also obviously is also a truth for survival in this harsh world, but if one chooses a profession in the virtue he/she loves, success and money are bound to follow.…

    • 1981 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Financial Independence

    • 902 Words
    • 4 Pages

    As the Fourth of July should remind us all, independence is something worth fighting for. Independence means the ability to make your own decisions and live the way you choose to live. When it comes to financial independence, though, many people believe it is only a dream. There is no absolute definition for financial independence. The most common sense of the term is that someone has enough wealth to live as they wish for the rest of their life without having to work. This is a foggy definition, though - isn't picking a stock "work"? What about people who own a business and are not involved in day-to-day activities, but still step in for major decisions?…

    • 902 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Patrulis

    • 284 Words
    • 2 Pages

    Society now in days seems to be more focused in making a living rather than making a life by what we give. Although they both may seem similar, putting more thought into the meaning will show that it is not. Life seems to consist of these two things. Both making a living and making a life have a similarity with a career, money, and enjoyment. When making a living, people focus on having a career, money, and enjoyment. Even though they might despite their job and not have a single interest in it, it does not matter as long as they have money to get by. When it comes to money people seem to want the most they can have, but when someone is settling for less they will not have as much as they desire. They will have enough to pay their bills and buy things but not everything they may want and need.…

    • 284 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Cyberpreneur

    • 4864 Words
    • 20 Pages

    Cyberpreneur Research BEN2014 – Introduction to Cyberpreneurship Dennis Lee | 1041102283 Chen Chuck Wye | 1041102555 GROUP: BC193 Cyberpreneur Research 2 INTRODUCTION Samsul Zamzuri is a cyberpreneur. He lives in Sg. Buloh, many kilometres away from any centres of commerce.…

    • 4864 Words
    • 20 Pages
    Better Essays
  • Satisfactory Essays

    Small Business Management

    • 842 Words
    • 4 Pages

    An entrepreneurial career can provide an exciting life and substantial personal rewards while also contributing to the welfare of society.…

    • 842 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Dream reflection

    • 270 Words
    • 2 Pages

    What is your dream? Will you achieve your dream in your lifetime? I'm certain that you desire to. I'm sure you hope you will. But will you actually do it? What odds would you give yourself? One in five? One in a hundred? One in a million? How can you tell whether your chances are good or whether your dream will always remain exactly that—a dream? And are you willing to put it to the test?…

    • 270 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    My Dream

    • 331 Words
    • 2 Pages

    I have studied hard to fulfill it. I won a prestigious scholarship to study overseas and accepted it even though the future held no certainty at that time. The only possession and armor to hardship I carried with me to a foreign land was that dream.…

    • 331 Words
    • 2 Pages
    Satisfactory Essays