18 {{ upvoteCount | shortNum }}
18 {{ upvoteCount | shortNum }}

Why should we be doing IM and make it a source of passive income!

by JaynKeth
16 replies
Some interesting fact to share on Robert Kiyosaki's Rich Dad's Cashflow game.

The lower the salary, the easier to retire. And the higher the salary, the harder. A complete opposite concept that we thought for active income.
To gain retirement or financial freedom, the passive income has to be greater than monthly expenses. So, if a janitor makes $1,200 per month, he only needs $1,200 of passive income to retire. Now, consider a CEO who’s salary is $50,000 per month. He would need to make $50,000 per month in passive income to retire!
So, which do you think it is difficult?

This is quoted from the blog that I read. You can go to below link to read the entire article.
Rich Dad’s Cashflow Game is Now Free! » The Online Investing AI Blog

Fellow internet marketers... make our income passive so that we can all retire young!!!
#financial freedom #income #make #passive #passive income #retire #source
  • Profile picture of the author ElijahBrewer
    That's awesome- my take would be it is more difficult to retire with a lower salary because it means your active income is used to live on. Most people who earn 50k a month have their money working for them for longer, making it more flexible to retire early. Survival vs. Investing. But we all need to make more so we can retire young!!
    Awesome Post!
    {{ DiscussionBoard.errors[6117814].message }}
    • Profile picture of the author SMSWriter
      I don't believe that.

      The CEO can easily live on less in order to retire. What the hell does he want to do with $50,000 per month as an old, enfeebled, invalid? Spend it on hookers and Viagra?

      Please.

      Shanen
      {{ DiscussionBoard.errors[6118224].message }}
  • Profile picture of the author Thrazgard
    Your math does not relate to your information.

    You say "To gain retirement or financial freedom, the passive income has to be greater than monthly expenses", and then you proceed to talk about actual income when it should be about expenses.

    A janitor with $1200 in expenses every month, would need $1200 in passive income to retire.

    A CEO with $50.000 in expenses every month, needs to cut down on his spending. :p
    Signature
    When someone laughs at your dream, its a good dream.
    I'm already rich, because I get to live.
    {{ DiscussionBoard.errors[6118799].message }}
    • Profile picture of the author JaynKeth
      Originally Posted by Thrazgard View Post

      Your math does not relate to your information.

      You say "To gain retirement or financial freedom, the passive income has to be greater than monthly expenses", and then you proceed to talk about actual income when it should be about expenses.

      A janitor with $1200 in expenses every month, would need $1200 in passive income to retire.

      A CEO with $50.000 in expenses every month, needs to cut down on his spending. :p
      That is exactly what the game is about too... cut down the spending! But how many of us can truly do this? In life, it is always the life satisfaction that we pursue, when you had more, you tend to want more... rarely there is someone that is filthy rich but drove an old car. But there is too... warren buffett is one this!
      Signature
      Stay consistent and FOCUS!
      This is the best system to succeed in internet marketing.
      {{ DiscussionBoard.errors[6121318].message }}
  • Profile picture of the author savvybizbuilder
    Just make money from both salaries and passive income.
    Signature
    SAVVYONLINE BUSINESS BUILDER | 101 FREE TOOLS | TWITTER QUICK-START ACADEMY
    {{ DiscussionBoard.errors[6118892].message }}
  • Profile picture of the author darrenchow
    Wow, the cash flow game is free. Thanks for the share.
    By the way, I would prefer to have high salary than low salary. XD
    Signature
    www.InspirationBoost.com
    {{ DiscussionBoard.errors[6118930].message }}
  • Profile picture of the author therenegadeleader
    Why should I have to choose If I can have them both.
    Signature
    The Renegade Leader
    {{ DiscussionBoard.errors[6119069].message }}
  • Profile picture of the author ericrunyon12
    great post,,,,,,,,,,,
    {{ DiscussionBoard.errors[6123686].message }}
  • Profile picture of the author AustinDigital
    I think it has to do with the fact of monthly expenses. The CEO has become accustomed to living the lavished lifestyle of $50,000 thus he has to be able to afford that lavished lifestyle - IF he choose to maintain that.

    I think for the sake of actuality though, the CEO would have no concerns about reducing his monthly expenses to a reasonable amount to afford retiring easier.

    The OP statement to me basically says: If you're broke you can quit working quicker because you're broke... and to me the goal is to not only support ones self, but come out ahead fiscally and mentally.
    Signature
    https://nichesite.leadpages.net/signature/
    {{ DiscussionBoard.errors[6123695].message }}
  • Profile picture of the author EmmaA
    This is very interesting and on some levels it's quite true. It's about different values really isn't it? What a CEO values (ie can't live without) might be quite different to a janitor.

    Also does a CEO really want to retire? There are some people out there who just don't deal well with having too much time on their hands.

    If you really want to retire today you can. It depends what you are willing to live with. I know it's a stretch, but technically you could go out and get permission from some large land holder and camp rough and live on $0, just eating what you catch and live off the land.

    But I agree with the principal that it's hard to downsize when you are accustomed to a particular way of life.
    {{ DiscussionBoard.errors[6123720].message }}
  • Profile picture of the author success4all
    Making money can be active or passive.

    A successful wealth builder knows how & when to blend both active and passive money making to maximum use to build his wealth empire.

    It does not matter whether we are dead broke, or make 100K a month, if we really want to build our wealth empire we can start today and do it within a short time span using the right wealth building strategies.

    When a person makes $100,000 & spends $100,001 he is actually poor wealth builder. He will end up financially broke unless he changes his life style. Whereas a person who makes makes $1000 and spends $950 and invests $50 the right way will be way ahead.

    Even if we are dead broke and struggling to pay your bills, we can start building your wealth today if we stop blaming the external circumstances start looking for ways to make money even without any special skill- active or passive.

    I don't want to hijack this thread, but if any one interested in practical tips may PM me.
    Signature
    Make Your Business Instantly Web3 Ready With $0 Investment, With Hive Blockchain and Cub DeFi
    Get the Best, Cheap Web Hosting Without Monthly Fee &Turn Your One Time Hosting Expense Into an Investment & Lifelong Passive Income
    {{ DiscussionBoard.errors[6124340].message }}
  • Profile picture of the author robert88
    Incredible, the amount of money movement sport is actually no cost. Appreciate it for that talk about.
    By the way, I might prefer to include large pay compared to lower pay.
    {{ DiscussionBoard.errors[6149368].message }}
  • Profile picture of the author hoffman
    Fantastic and wonderful article. Really motivates me to see what can be achieved with what I have and know. A very researched and well documented one. Thank you.
    {{ DiscussionBoard.errors[6149456].message }}
  • Profile picture of the author cloudstrife
    The key is about expenses. Given, the CEO will have greater expenses, but if he managed his cash well, he would have a lot more disposable income per month than the janitor, not matter how well the janitor managed his cash.
    Signature
    See My Case Study For A New Program Where I Made Multiple SALES Within 24 Hours... And You Can Too!
    {{ DiscussionBoard.errors[6150297].message }}
  • Profile picture of the author jeresteem99
    Interesting thoughts here....You are definitely one in a million, good job!
    Signature

    Get FREE secret from Self Esteem Tips and Depression.
    Self Esteem Worksheets - A *36 worksheet FREE to download! --> Self Esteem for Kids ***** Building Self Esteem

    {{ DiscussionBoard.errors[6150710].message }}
  • Profile picture of the author marysmith12
    thanks for the share
    {{ DiscussionBoard.errors[6157909].message }}

Trending Topics