Chapter 8. You Don’t Need Money to Make Money
investments. What if you put $60 per month? $100 per month? Or even $200 per month? As a parent, you could set up an account for your kids and literally put them in a position to be multi-millionaires in their thirties ! Wouldn’t that be great? Or you could create a trust fund and let it ride for fifty or sixty years and end up with millions or even billions of dollars? We’re talking Rockefeller money. And leaving a legacy you can be proud of, because you were smart and took action now . The key is to get started. Regardless of your situation, look at all possibilities. I’m not giving any financial or legal advice here, but
I want you to understand that there are many options for you to consider, even if you do not have a lot of money to invest. Building Wealth
Regardless of your situation, look at all possibilities.
To overcome thinking that you need money to make money, you need to know the difference between linear and passive income . With linear income, you work for an hour, and you get paid for working an hour. With passive income, you basically do some- thing once, and get paid over and over again. Linear income is basically what most people in the world do. This is typically the type of income that most of us go to school for. We get a good job when our adult life begins. Once in a linear job or business setting, you may realize that there is not much room for growth. And many people, once they are in their linear 9 to 5 job, realize that it is not what they truly want, and it does not fulfill them. Passive income is derived from finding a way to create some- thing once that you can sell over and over. Of course, passive income is what we all strive for but most people do not know where to begin. What’s great about passive income is that with a little outside the box thinking, you can discover many ways to create this with little or no money of your own.
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