Financial freedom

If you can earn the living expences of yourself & your family without working, then you are financially free.
People thinks that for becoming financially independent, one has to be millionaire or billionaire or to have unlimited money or you can buy anything you want.
For example: if your families monthly expenses is 50,000/ month & you can earn that amount without working, then you are financially free.

Now you might want to know how to get those money without working. These money can come from your investments like
1. Rental income
2. Shares dividend
3. Sleeping partners in business etc
The only condition is that you are not actively involved in that.

What is passive income?

Most of us have heard of passive income.

What is passive income?

It's that income which you earn without doing any work.... Sounds interesting! Right.

But many of us don't know that its not fully correct.

For creating passive income initially we have to devote our time for learning and discovering the ways and methodology for passive income and after years of experience, then only with devoting lesser time we can generate constant income via passive income. 

Passive income sources can be...

Giving house or room on rent

Investing in stocks, mutual funds, govt. Bonds and securities

Doing business etc.

How world is changing but not the people's mentality

This is my first blog and I would like to seek everyone's attention to the changing world. How rich people's are getting more richer and poor people's are becoming more poor.
Do you know why?
This happens due to there mentality.
Poor people only dream of becoming rich and do not try hard enough to become rich. Also main reason is that they get satisfied with smaller achievements and start celebration, and thus loose the chance and focus to reach the top.
I am not telling just for the sake of telling,  I am telling this from my personal experience.