“To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence.” – Jim Rohn
For most this seems to be a pipe dream… to be able to live off of the interest or investment income of your own resources.
Does that sound far fetched for you?
It is never too late to get going on the simple plan laid out above by the late, great Jim Rohn. It just takes a little discipline and effort to make the right decisions about your time and your money.
If you are like most, I’m sure you currently have a job. And you have income that is coming in from that job.
Another great quote is…
“The philosophy of the rich versus the poor is this: The rich invest their money and spend what’s left; the poor spend their money and invest what’s left.” – Jim Rohn
The best way to get started investing some of your income is by signing up and participating in your employers 401K plan. Some employers still match part of your contributions which automatically gives you a good start on your retirement savings.
From there, it would be a good idea to start taking some of your income and starting a business of your own.
There are many great online resources that can help you to get started here. Affiliate programs, Internet Marketing, MLM’s and many more.
There are links on this page that address all these options. Make sure to check them out.
From there it is important to grow your business and then start to invest your profit into investments that will return more income to you!
As this is a very simple illustration of this process. Make sure to check out the resource at the top of the page called Success Process Training. This will guide you to resources that can help you in any area that you may need help.
As Always, Here’s to Your LifetoSuccess,
P.S. Make sure to pass this on to anyone you know who could use this information.