The holy grail of most people’s wealth-building goal is to achieve financial freedom.
Financial freedom, or financial independence, is the status of having a dependable cash flow to pay your living expenses for the rest of your life without having to be employed or dependent on others.
Just about everyone wants to achieve financial freedom – so how comes only a small percentage of us get there?
Well, when it comes to financial freedom, the name of the game is passive income. Also known as residue income, passive income is money earned without having to work a job.
Sounds like a nice theory, but…is it possible?