The Meaning of Wealth

When we dream of financial freedom, we think of long days without work so we can do whatever we choose. Does this mean you have to be wealthy?

Not necessarily. If you downsize your home, have one car and live simply without credit cards, you can attain financial independence. You aren't tied to anything and your days are your own. As long as you have an ongoing source of income, you're well set.

Passive income is the key to attaining financial freedom on any level. By having money come in from enterprises when you're not working, steady income is achieved. But how do you earn passive income? Where does it come from? More in my next entry about the meaning of true wealth and how to get it...