This is a trick question, but when you realize the outcome can become one of the same you will understand why passive income generates considerable wealth.
POP Quiz
Q: How much money would you need to save every month, over the
next 5 years, to save $1 million?
A) $160
B) $1,600
C) $16,000
D) $160,000
Answer: C
“Can you save $16,000 every month?”
That’s $16,000 a month after you pay for food, gas, utilities, credit cards. After you pay your mortgage or rent, car payment, insurance, ect.
The $1 Million you saved would give you a royalty income of $5000 a month ($60,000 a year). Whether you went to work or not, you’d get the money.
Here’s the good news. Some people have found an easier way to create $5000 a month ($60,000 a year) in royalty or passive residual income.
So, is your money working for you, or are you working for your money?
To your success,
Scott
www.fdipays.com
Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
Friday, December 12, 2008
Wednesday, November 5, 2008
Today is a new day!
Today is a new day! One that will end up in the history books and one that will be talked about for some time.
I have mixed emotions about our presidential elections. I'm a person that accepts change if it is going to benefit the people. President elect Barack Obama will have some tough times ahead of him, no matter who won this election it's going to take time and a lot of effort on or part to get on the road to recovery.
My strongest emotions come from the statements I've seen from supporters of change. America is developing into a country of dependent people! People are waiting for the government to bail them out, they are unwilling to stand up and fight for themselves. It's time to stop playing the victim roll and start understands that you are in control of your own destination. Nobody can fix our problems except ourselves.
Government leaders should be our visionaries; the USA is the land of opportunity, the land of freedom and the land of possibility. People risk their lives to come to the USA, they live in conditions that I myself wouldn't, just for the opportunity to live in this awesome country.
So what has happened to some Americans? Do they not appreciate freedom or opportunity? We live in the most powerful country on earth but yet many can't take care of themselves, they blame everything or everyone for their situation. The government isn't designed to hold your hand, tell you not to buy something that you couldn't afford or wake you up in the morning so you can go to work. They are not responsible for putting a roof over your head or food on your table. YOU should be responsible for yourself!
THIS ISN'T HARSH, THIS IS REALITY
We all heard about wanting "Change", start changing yourself and the world will change around you! Changing yourself will open new doors of opportunity; it will bring you prosperity plus make you a stronger and happier person. Unless you change first everything the government does is meaningless.
Change YOU first!
Scott
www.fdipays.com
I have mixed emotions about our presidential elections. I'm a person that accepts change if it is going to benefit the people. President elect Barack Obama will have some tough times ahead of him, no matter who won this election it's going to take time and a lot of effort on or part to get on the road to recovery.
My strongest emotions come from the statements I've seen from supporters of change. America is developing into a country of dependent people! People are waiting for the government to bail them out, they are unwilling to stand up and fight for themselves. It's time to stop playing the victim roll and start understands that you are in control of your own destination. Nobody can fix our problems except ourselves.
Government leaders should be our visionaries; the USA is the land of opportunity, the land of freedom and the land of possibility. People risk their lives to come to the USA, they live in conditions that I myself wouldn't, just for the opportunity to live in this awesome country.
So what has happened to some Americans? Do they not appreciate freedom or opportunity? We live in the most powerful country on earth but yet many can't take care of themselves, they blame everything or everyone for their situation. The government isn't designed to hold your hand, tell you not to buy something that you couldn't afford or wake you up in the morning so you can go to work. They are not responsible for putting a roof over your head or food on your table. YOU should be responsible for yourself!
THIS ISN'T HARSH, THIS IS REALITY
We all heard about wanting "Change", start changing yourself and the world will change around you! Changing yourself will open new doors of opportunity; it will bring you prosperity plus make you a stronger and happier person. Unless you change first everything the government does is meaningless.
Change YOU first!
Scott
www.fdipays.com
Thursday, August 28, 2008
How do you think about Money?
Many of my posts in the past have focused on high cost of debt and credit issues along with ID theft. These topics are important and can steal your potential wealth if ignored.
As I was driving down the road the other day, I started thinking about how people react when we introduce new ideas about making money. One of the most ignorant statements I hear is “I don’t need a lot of money” or “Money isn’t that important”.
It makes me sick when I hear this come out of their mouth. YOUR mind and YOUR thoughts are possibly the biggest drain on your personal bank account. Money may not very important to you, but skip your mortgage or rent payment and see how important money is to your Banker or landlord. How far can you drive your car with no money? Try to watch your favorite TV show, cook a meal or take a shower after the utility bill isn’t paid in 60 days. Are you starting to see how important money is for everyone else?
I agree that money can’t by everything, one thing money can’t buy is poverty. The lack of money causes more family problems than most things combined.
Money should be important; you can help more people when you have money. You can become a servant to others and give more to charity with money. Money can make you a better person if you don’t abuse it. OK, I hear some say that money is bad or he turned into a bad person after he had money. The truth of the matter is that person was bad before they had money; they just started to show their true colors!
When you have a lack of money you can’t serve the needs of others, you are only focused on keeping your head above water. How can your family benefit if there is a constant argument over money? Now don’t get me wrong, just having money doesn’t solve all the problems, there is a lot of personal responsibility too. Learning how to become a better money manager is the key to your success. This is why I am passionate about telling people how credit and debt are robbing their financial future.
So what do I need to do to change my thoughts about money?
Money is created by ideas, if you want more money you need to keep an open mind and embrace new ideas. You don’t have to jump on every idea or opportunity that comes your way but you need to be open and at least listen. The world is full of opportunities only if your keep an open mind!
We could spend hours chatting about money making ideas, so start with the basics of being open minded and explore the ideas that come your way. You get exactly what you think about, this is called the Law of Attraction. Start thinking about what you want instead of what you don’t want!
Think abundance.......
To your success,
Scott
www.fdipays.com
As I was driving down the road the other day, I started thinking about how people react when we introduce new ideas about making money. One of the most ignorant statements I hear is “I don’t need a lot of money” or “Money isn’t that important”.
It makes me sick when I hear this come out of their mouth. YOUR mind and YOUR thoughts are possibly the biggest drain on your personal bank account. Money may not very important to you, but skip your mortgage or rent payment and see how important money is to your Banker or landlord. How far can you drive your car with no money? Try to watch your favorite TV show, cook a meal or take a shower after the utility bill isn’t paid in 60 days. Are you starting to see how important money is for everyone else?
I agree that money can’t by everything, one thing money can’t buy is poverty. The lack of money causes more family problems than most things combined.
Money should be important; you can help more people when you have money. You can become a servant to others and give more to charity with money. Money can make you a better person if you don’t abuse it. OK, I hear some say that money is bad or he turned into a bad person after he had money. The truth of the matter is that person was bad before they had money; they just started to show their true colors!
When you have a lack of money you can’t serve the needs of others, you are only focused on keeping your head above water. How can your family benefit if there is a constant argument over money? Now don’t get me wrong, just having money doesn’t solve all the problems, there is a lot of personal responsibility too. Learning how to become a better money manager is the key to your success. This is why I am passionate about telling people how credit and debt are robbing their financial future.
So what do I need to do to change my thoughts about money?
Money is created by ideas, if you want more money you need to keep an open mind and embrace new ideas. You don’t have to jump on every idea or opportunity that comes your way but you need to be open and at least listen. The world is full of opportunities only if your keep an open mind!
We could spend hours chatting about money making ideas, so start with the basics of being open minded and explore the ideas that come your way. You get exactly what you think about, this is called the Law of Attraction. Start thinking about what you want instead of what you don’t want!
Think abundance.......
To your success,
Scott
www.fdipays.com
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