One simplified way to look at life is to divide it into four main areas: physical, emotional, spiritual, and financial.
From this perspective, you could say that our overall happiness is determined by the degree to which each of these four areas is satisfied in our life.
Regardless of what you want or need to be happy, though, many people could use a bit of financial help these days - regardless of education, intelligence, skills, timing, or choice of jobs, businesses, or investments.
Also, as described throughout BeHappy101.com, our overall happiness is dependent upon us living consistent with our personal Definition of Happiness? So, taken to the next level regarding our financial life, does your Definition of Happiness include financial freedom as one of its components? Do you want to be able to do whatever you want – and not worry about money, or even having to work? Maybe you just want to be financially “secure” – meaning you can pay your bills, and live your current lifestyle without having to worry about running out of money.
Well, if you want or need wealth to be as happy as possible, it’s important to have multiple streams of income, including one or more passive income sources.
Passive income can be defined as revenue you earn even when you aren’t actively working. Some examples of passive income are: rental property income (if you don’t actively manage the property), royalties received from a book, music, or an invention, and dividends from investments. A website, like this one – BeHappy101.com – can also be a source of passive income.
It is not easy to become financially free without several sources of passive income and just about everyone who enjoys financial freedom derives at least part of their income passively.
If this concept appeals to you, here are some basic steps to get you going on the process to financial freedom:
Once you have gone through these basic steps, it’s important to get started by creating your first passive income stream.
Just do it.
Use your list and your goals to get you motivated and help you get started. The point of creating your first passive income stream isn’t to create financial freedom right away. The point is to develop your passive income and wealth mindset and learn how to create passive income streams, so you can get better at it. Then you can create bigger streams as your mindset and abilities increase.
Achieve Financial Freedom Fast...
T. Harv Eker is author of the #1 NY Times bestselling book, Secrets of the Millionaire Mind, and his programs have helped hundreds of thousands of people all over the world to create passive income streams and build financial freedom.
The book, and the associated program - The Millionaire Mind Intensive – teach you how to identify your "financial blueprint" which is our ability to be financially successful. Unfortunately, many people have a very low blueprint, which prevents financial success. But, you can learn to reset your blueprint for a higher level of success.
The Millionaire Mind will teach you all about:
And you'll learn a really easy way to manage your money so you can turn it into more, no matter how good at finances you may think you are already.
Learn more about getting free access to The Millionaire Mind Intensive by clicking here.
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