Definition of Wealth

Making your money work for you is called Passive Income.  Passive Income is also the most integral definition of wealth.

Do you work for somebody or a company for a wage or salary?  If so, that is Active Income.  That means you have to be there to earn money.  Your actions, thoughts, or presence in some way is required to earn your wage or salary.

Passive income is earning while not being present.  Such as dividends and income paid on a principal, starting or buying a business, operating an income producing property, writing a book, making or recording a song.  You can also become an associate in a network marketing team.

Think about it. You do not have to be present to earn Passive Income.  You are getting paid each month without being present.  Therefore:

Wealth = ∑ Monthly Passive Income > Monthly Expenses

Once this occurs, you do not need the Active Income (unless you really like to work for someone else.)  This then defines perfectly the term Wealth.

Wealth = Freedom

Gary

About Gary

I am retired, but not tired. I still want to be valuable to others. I know that others are valuable to me. After looking back on six decades, I have asked myself this question: “What do I believe?” My mind filled up. My heart started beating faster. My spirit soared. I post blogs to share what my mind is working on, what my heart believes would help others and, what my spirit is communicating to me. What do I believe, you ask? Decisions dictate your path In love, not hate In tolerance, not prejudice In health, not sickness In wealth, not poverty In kindness, rudeness In happiness, not sadness In encouragement, not discouragement In faith, not doubt In courage, not fear I have been and will be challenged in each one of these beliefs, but the biggest belief is to stay positive and not turn negative. This belief helps me maintain all of the others.

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