It sounds like RESIDUAL INCOME / PASSIVE INCOME / POSITIVE CASH FLOW is the KEY to Freedom not just Net Worth.

I guess that’s why the government doesn’t give seniors their Social Security in one lump some but rather in “residual income” payments over the golden years.

It’s also why some senior’s who have free and clear homes (equity rich) need reverse mortgages (cash flow poor).

This is something Robert Kiyosaki “Rich Dad Poor Dad, Author” focuses on. He really teaches cash flow and residutal income.

I guess that’s why very weathy people own commercial real estate and not residential because commercial (apartments, office buildings, etc) can throw off huge cash flow after paying the mortgage, etc and be managed by property manager with no owner involvment.

There is a reason why Donald Trump doesn’t own single family homes.

I have found Net Worth to be important and even necessary in some situation to be able to achieve the cash flow/residual income one desires but i would rather have a 500k annual residual income over a couple million dollar net worth.

The reason being is that if you only have net worth you will have to spend it all to live/survive but if you have both or only cash flow you can grow your net worth while having the income on auto pilot to cover you living expenses. Will residual income/ cash flow you will never have to tap into the Net Worth Nest Egg like a senior does in a reverse mortgage.

I have found Business’s (like franchises with systems to run themselves) and Commercial Cash Flow real estate (mostly apartment buildings like Trumps dad Fred Trump) are the best vehicles to achieve finanial freedom through residual/passive/ cash flow income.

I have heard solid/reputable Net work marketing business models are a great way to start out for those with limited resources but do your homework.

Any response to my posting would be great! Please send to my email NYSE@Live.com

Thank you again for all the great info!

Richard E.
NYSE@Live.com