Choosing the Ideal Asset Protection Vehicle
There are myriads of popular structures for asset-protection vehicle to choose from. Let’s take a look at the particular asset types and check what may be best suited for your purpose. Owning a professional business or practice, specifically, implies your liability for claims and risk of loss is high. This business type is, therefore, a […]
How to Convert Ideas to Money?
We are fortunate to live in a knowledge-driven era where ideas can be converted into money and money can buy great ideas at a fraction of their potential value. There are all kinds of talented people in this world. There are visionaries with great ideas but lack the skills to convert ideas to money by […]
Why Giving Leads to Wealth Creation
There are various reasons as to why giving leads to wealth creation. Some are intuitive and others supported through research. Sense of Wealth Creation Increases through Act of Giving Zoe Chance of Yale University and Michael Norton of Harvard Business School, in their research ‘I Give, Therefore I Have,’ observed the act of giving increases […]
Can We Conquer Fear That Holds Us Back?
Can we totally conquer fear that holds us back from achieving our destiny? The answer is no. Knowledge progressively kills fear that is impediment in our path to become rich. The process to perfect our financial, emotional and spiritual intelligence may take years. Our knowledge and training can reduce fear to a very large extent […]
Who am I?
Every aspiring person in wealth creation with real estate investing should imprint the great words of wisdom written by an unknown writer on land. I hope and pray that they leave a deep impression your mind as they did on mine. Who Am I? I am the basis of all wealth, the heritage of the wise, […]
Practical Steps to Create Multiple Streams of Residual Income
Creating multiple streams of passive income initially can be overwhelming and hard work. Listed below are few practical steps that will help in creating different streams of income in a systematic manner. Make a Schedule Take some time out each day to create residual income. You have to shift from the linear income trap to […]
How Product Life Cycle Can Destroy Your Passive Income Streams?
Every product or business has what’s known as a “.” Each and every product or business goes through the following four phases: Market introduction stage Growth stage Maturity stage Saturation and decline stage What effect this has on your effort to create residual income? Your residual income source is either growing or dying. Some residual […]
What is the Difference Between Residual and Passive Income?
Before we discuss residual income, let me clarify the misunderstanding that has been created by the term ‘passive income’. The terms ‘residual income’ and ‘passive income’ have become interchangeable but there is a subtle difference. From a marketing point of view, the term passive income is very seductive as it equates to “No work”, “No […]
How Much Money to Leave to Your Children?
This question is relevant to wealthy parents ‘How much money to leave to your children?’ Most wealthy parents are concerned regarding impact of too much unearned wealth on lives of their children. They want their children to lead significant, meaningful and productive lives. They don’t want their wealth to come in the way to hurt […]
How Getting Out of the Comfort Zone can Make You Rich?
To become rich is not easy and convenient. Getting rich can be very hard work. If you are willing to do only what is easy, life will be hard. But if you are willing to do what is hard, life will be easy. The rich are always willing to take difficult decisions and act on them […]
True Story – How to Retire Through Real Estate Investing?
Raj Babar migrated to New Zealand at the age of 50 years in April 2003 with $150,000. His plan was to retire with a passive income of $150,000 per annum through real estate investing at the age of 65 years. He attended several property seminars (free & paid) to understand the property market in New […]
How to Break Away from Employee Mind-Set to Creating Sustainable Wealth?
Steps to Creating Sustainable Wealth The best part is that you don’t have to be super rich to creating sustainable wealth: anyone can do it with some knowledge, self-discipline and perseverance! The process involves conversion of earned income into passive income as efficiently as possible. It is important to understand the mindset required to succeed […]