According to Harv:

Wealth File 15 states, "Rich people have their own money work hard for them. Poor people work hard for their money." Harv says the more your money works, the less you have to work. Money is energy. Most people put work energy in and get money energy out. The goal is never to have to work again unless you choose to work. To win the money game, the goal is to earn enough passive income for your desired lifestyle, such as investments and business income. But you don't have to be physically involved in this type of income.  Examples are rental income, owning a storage unit, etc.  Without passive income, you can never be free. The key is to learn very early about passive income and apply this knowledge. In your mind, replace spending files with financial freedom files. Rich people buy assets, things that will go up in value. Poor people buy expenses, things that will go down in value. Rich people collect land. Poor people collect bills. So purchase real estate! Find one area to become an expert in, such as real estate, currency, stocks/bonds, etc. Then later, diversify. Rich people work hard, save and invest so they never have to work hard again.

A Book in Time's Commentary:

PPS CLIP:

Professionally:  It is important to focus a lot of time on educating yourself. Read about investments. Change your focus from active income to passive income. Learning is a lifelong process and the key to success and more life opportunities. Let your vehicle be your university on wheels. While still earning an active income, brainstorm ways to add more passive income to your story. Consider commercial real estate, residential real estate, land, rentals, storage facilities, equity investments, numerous online businesses, and so much more. Get creative!  Read, study, and watch educational resources to guide and inspire you to expand your income into the passive sector. Spending time and money on education is a wise investment guaranteed to produce fruitful results.

"The most powerful form of wealth-building today isn't about earning a paycheck. It's about what you know."

T. Harv Eker

Personally:  Using the money you currently have to make more money makes good sense. Or even using someone else's money to invest is very wise. This is known as leverage. Consider taking some money set aside for savings and utilizing it to build more capital.  How about being "The Bank" for someone else's project with an interest return on your investment? Naturally, be very careful that a secure agreement is in place in advance. Find ways to make it work for you rather than let money set without adding value. Remember to always keep enough liquid for 3-6 months' worth of expenses in case of an emergency. Rober Kiyosaki takes it one step further to actually focus on passive income first. He says, "I'm a huge believer that starting out with just passive sources can be beneficial to your wealth-building because there are many years when you're going to have low or no active income."

Spiritually:  Passive income doesn't just happen. It takes time, dedication, and life adjustments to achieve it. It is also important to enjoy every moment along the journey towards success. Wealth doesn't come solely from what we accumulate in our pockets. True wealth comes from feeling fulfilled and accomplished in everything we do.

"Passive income does not have to be huge; it just has to give you a little extra money for something that's important in your life."

Wanda Urbanska

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