4/5/2023 0 Comments Passive income quotes![]() ![]() To do this, start by buying smart, living within your means, making the right upgrades, generating income and then rolling those profits into additional properties.” “It’s all about expanding your real estate portfolio. Furthermore, if you want to build passive income that will lead to financial freedom, buying a home or condo as a rental property is the way to go.” If you plan on holding it long-term, a property’s value will go up. Andrew Carnegie Quote picked by Danny Margagliano from Destin Property Expert.ĭanny explains: “People often ask if it’s a good time to purchase real estate as an investment. “Ninety percent of all millionaires become so through owning real estate.” Paul says: “To me persistence means to keep on the path you started on no matter how many doubts or obstacles you may come across.” Something many don’t think about when it comes to creating passive income streams is persistence. Japanese Proverb Quote picked by Paul S. “Money grows on the tree of persistence.” By generating income that is not attached to your time, you free yourself up to dream up new business opportunities that wouldn’t be available to you if your time was consumed by a job.” “By doing this, you are able to diversify your income and follow in the footsteps of self-made millionaires that have several significant income streams. The great thing about establishing passive income streams is that they continue to produce income while you spend time forming other income generators. If your income stops when you stop working, you are not financially free. “Passive income is the largest component of financial freedom. Warren Buffet Quote picked by Jordan Fulmer, founder of .įulmer’s quote is popular for a reason. “If you don’t find a way to make money while you sleep, you will work until you die.” You can nickel and dime your way into debt just as you can nickel and dime your way to financial freedom.” A little item here, and little fast food there can quickly add up to hundreds of dollars. In McBrien’s words: “This quote is from one of our wisest Founding Fathers and is a reminder for me of what is the root cause of debt: frivolous spending. Benjamin Franklin Quote picked by Sallie McBrien, Realtor at Your At Home Team “Beware of little expenses, a small leak will sink a great ship.” The solution is to follow a strict plan where we route our money according to a set budget that has financial freedom as its primary and ultimate aim.” ![]() ![]() The problem is that we do not have control over how we spend and invest what we earn, which means we are left following the route our money takes instead of directing it. Maxwell Quote picked by David Northup, Founder at InShapeMD.ĭavid explains further: “A thought that often crosses our minds when we are left with less money than we need is ‘Where did all that money go?’ And this quote addresses that predicament perfectly. “A budget is telling your money where to go instead of wondering where it went.” Here are a few of our favorite quotes about financial freedom - enjoy! ![]()
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