Download or read book How to Earn $100,000 a Year for Passive Income, Early Retirement and Travel Around the World written by Fan Po Ming and published by Independently Published. This book was released on 2019-01-30 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States, worth $300 million in car sales master Grant. Grant Cardone has recently been very popular with financial media. Of course, the content he shares is indispensable to the business, the success of sales, self-motivation, etc.; but unlike the general business guru, this dude likes to talk, including financial management. These five steps are also the highlights of his recent sharing: Calden Financial Management Five StepsSet goals, prohibit material desires, increase revenue, continue to invest, and execute repeatedly The first step is to set an ultimate goal of accumulating wealth before retirement, and then earn one-tenth of this goal with the fastest speed. For example, "If you want to have $10 million before retirement, then your first priority is to make a quick profit of one million dollars." This bucket of gold is important for you to create more wealth. Investment principal. In the second step, you must reject all "showing" consumption before you earn the first pot of gold, such as buying a more dazzling car or buying a beautiful watch that will envy your friends. In the third step, after you have the first bucket of gold, you must work hard to increase your work income, or reduce your expenses. You must use the fastest speed to achieve the realm of "40% of work income per month." The fourth step is to continue to invest in the first barrel of gold and the remaining money of the month, invest in the target with "long-term value-added opportunities," and hold it for a long time, and do not arbitrarily redeem it. Or, invest in financial tools that can consistently create cash flow.The fifth step is to repeat the first four steps until you find that the passive income generated through the investment has "equal to or exceeds" your main work income. "This means you no longer need to spend your time or energy to make money. Congratulations! You can be yourself without fear." Did you find out? Although the initial goal setting was 10 million US dollars, in the end, Calden was based on "passive income over salary" as a measure of the work of retirement financial projects. The five major steps he has proposed are not so much to "earn wealth," but rather to let you "accumulate wealth" step by step, and transfer funds into passive income commodities before retirement. Today, Calden's identity is no longer a super salesman, more of the title of a well-known financial coach in the United States, it writes a lot of books related to financial management, teach readers how to accurately target the financial goals of each stage, and create passive income. For many wealth management people, the words "passive income" do have some magic. The so-called passive income refers to the source of income that does not have to be laborious and laborious, but also allows the money to flow smoothly and automatically. Among the various types of investment and wealth management products on the market, there are indeed many tools that are "limited in risk and can be fixedly distributed." But you will also find that in Calden's plan to create passive income, it is necessary to have a long-term resistance to passive income over salary. The five steps he proposed included two important elements: the principal, which included enough first bucket of gold and monthly investment amount; time, which is a process that requires long-term discipline and slow landing.If you want to create your passive income, this book will be worthy of your reference.