Wealth is Health

The first concept we must understand to have healthy bank account(s) is about active (passion) and passive incomes.

Active income: You are paid according to the hours of work (or sometimes idling :) you do at the office. 90% of the population of a town or city earn wages or salaries. Some very talented people earn a living by doing what they are passionate about (how lucky) they are but to most people their passions will never generate a decent income to make a living. So, that's why most of us who are passionate about playing tennis, golf (except for winning the occasional portable stereo sets), badminton, music, painting, singing or even teaching and training/coaching people have to have a day job earning a monthly or weekly salary. For us to be able to engage in our passions full time we need to generate a passive income.

Passive income: You are paid perpetually (10% or less of the population are here), however to me real wealth or financial freedom is not really measured by how much money you have but the time and ability to enjoy it and to help others to become healthy and wealthy as well.Quite obviously these people are free to ;)

Have a proper breakfast at home, go the movies at any time of the day, laze around at the beach whenever they feel like it, go shopping at non-peak hours/season without having to line-up at the cashier to pay, write blogs haha.. :) and most important of all have time to be with the family and participate actively to watch their children grow up. I really enjoy and appreciate whenever I have the opportunity of sending and fetching my son to/from school and perform the zohor prayers then have lunch with him. I wish I will have enough passive income to do this everyday for at least until he graduated from the tadika and primary school.

Based on what I understand from the definition of financial freedom, my specialist doctor friend and my dentist have not generated a sizeable passive income from their years of hard work, quite simply because all of us have only 24 hours only in a day, although doctors, I firmly believe, are well-trained to work up to 20 hours a day :).. However doctors and lawyers and most professionals must meet patients and clients. It's active income. So do salesmen. Most salesmen I met are not passionate about selling and its sad because some actually hate selling. Sadder still, most of us do not have a passive income. Some of these professionals may look wealthy but they do very much need their salaries, commission and wages just like the rest of us.

We must now ask ourselves how much of our income is passive, including from all our unit trust investments and the interests and dividents from our bank accounts. The key is to be involved in at least 1 source of passive income every year. Some people I know generates passive incomes by taking up an agency to sell life and investment-linked insurance for a year until they are very competent and have built up a base of clients, then move on get a CFP licence to be a Certified Financial Planner to sell unit trust and other financial investment instruments which generates multi-level income and some even start with product MLM or direct selling to leverage on their existing networks.

Here's some examples of the sources of passive incomes that you may want to study according to your talent and/or passion:

* Investments that generates monthly or daily returns* Songwriters that earn perpetual royalties from their songs * Writers who earn royalties from their book sales* Insurance agents who gets multi-tier commission throughout the lives of their insured clients* Internet entrepreneurs who sell virtual and real products* Direct-selling members who receive multi-tier monthly income* Various jobs that earn royalties e.g. actors, computer soft-ware developers, video game inventors* Prospect List- builder who earns weekly, monthly rentals* & last but not least, *Real estate owners who rent out land or properties to individuals and corporations*

We must always ask ourselves:“How much time everyday have we devoted creatively & innovatively to generate passive incomes for ourselves and family? Don't you time it's time to wake up and do so?”

These 2 guys are doing something quite successfully, please take a look and maybe there's something to learn from them:

http://www.ecommercemastery.com/provider8/idevaffiliate.php?id=5350

http://www.rahsiawangpantas.com/index.php?ref=haliang1219