Nat n Hatch Freedom 31

17Jan/090

Their secret

So what does Robert Kiyosaki, Steve Crooks and Tim Ferriss all do in common?

They all have very different background, different interests, even different ways of getting there...

How do they achieve to all three, be independently wealthy?

The answer lies behind these three words:

Create Residual Income

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To create a residual income consists in creating circumstances or conditions where a first boost of effort is needed. After that first boost of work, income keep flowing in, no matter what, with you needing doing minimal or no work at all. In summary, you are earning a passive income for your initial work.

There are many ways to make residual income, most people do it the traditional way, by investing their money in mutual funds, stocks or saving accounts.  However, by reading Robert Kiyosaki, Steve Crooks and Tim Ferriss and similar authors, I realized that many more options were available, such as making websites, owning real estate, etc.

The next step is to choose where to start...