From the archives of CENFIS
11.09pm GMT, 9 April 2023
11.09pm GMT, 9 April 2023
An article on today's daily says that we should allow employees to work until 65 in order to ease their financial burden.
When it comes to money, a lot of people are ignorant as to the best path to riches and early retirement. They go by what most people think about money and some of these ideas about money are useless and dangerous.
Here, the article suggests that in order to ease our financial burden the only way is to work harder and to work longer. Not true. At CENFIS, our solution to money woes is to secure passive income - not to work harder. That is what financial intelligence is all about.
Definition: Financial intelligence is the study and practice of securing, accumulating and protecting streams of residual income. Residual income means to do work once and to obtain income many times after that.
Listen to what Warren Buffett says...
Sounds familiar? This is exactly what today's article in the news is saying. Work longer. Work overtime. Work extra time.
It's time we stop listening to bad ideas about money and start listening to the best brains with the longest track record of success. Warren Buffett is also known as the greatest investor alive. Why don't we listen to him instead of being misled by all the wrong ideas out there?
Instead of trying to work until we drop dead, why not wise up and start learning how to get passive income? Then we will have income while we sleep. And take our family to that long overdue vacation by the beach.
There are many ways we can get passive income. The most common way is to buy a piece of property and rent out to tenants who pay us rental every money. Of course, it is easier than it sounds but hey, most of the rich people who retire early are doing it. Why not we learn from them? That way we will retire early with lots of money to spare.
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