2009-04-18

The key to financial freedom

The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income.

That is the skill that my rich dad spent a lot of time teaching me.

Having that skill is the reason my wife, Kim and I are financially free, never needing to work again.

We continue to work because we choose to.

Today we own a real estate investment company for a passive income and participate in private placements and initial public offerings of stock for portfolio income.

Investing to become rich requires a skills essential for financial success as well as low-risk and high-investment returns.

The problem is that gaining the basic education and experience required is often consuming, frightening, and expensive, especially when you make mistakes with your own money.

- Robert Kiyosaki
Rich Dad, Poor Dad Author