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“If a man is valuable, his deeds will in some way outlive his life.” -Bill Loftus, Inventor
The Financial Freedom Foundation (F3) is a non-profit organization that teaches people how to create more passive income than their living expenses, so that they can quit living for a job and start dedicating their time and talents to giving back.
Personal financial independence is necessary in order to free up your time. However, financial independence is not the end goal, but rather an initial step, just the beginning step.
We’ll show you how to create $10k/month in passive income, so that you can cover your living expenses and quit your job, and then another $20k/month+ on top of that, so that you can have funds for helping other people. We have the tools to accomplish this, and we’ll show you exactly how to implement them. Money is very scalable, so you can actually get up into the millions, which will happen as your vision for what you want to accomplish increases.
Instead of trying to get wealthy people to become generous, we are teaching generous people how to create and control wealth, so that they can help others.
As to becoming a member in our Mastermind Group, we do not have any preferences as to age, gender, race, religion, level of education, or nationality … however, we are seeking people who:
If this does not describe you, don’t bother to continue reading.
If this does describe you, then please download the information in our Free Report and continue forward in our screening process.
We hand select people to join our Mastermind Group. If you would like to be considered, we ask you to:
(The links to access the Details page and the Membership Application Form are found in the Free Reports, which you can access by entering your Name and Email address in the box to the upper right and clicking the “Give Me My Free Report Now” button)
We believe that it is the personal responsibility of private citizens to care for the poor, the hungry, the homeless, the sick, and the elderly. We invite people to take more initiative in doing so, using their private sector skill sets to do this more effectively. We believe that the solutions to global poverty, world hunger, homelessness, and almost all our social, physical, mental, and economic problems rest in the hearts and minds of private individuals acting generously.
If you are ready to move to the next step, please download the Free Report now, using the box to the upper right.
“Never doubt that a small band of committed individuals can change the world. Indeed, it is the only thing that ever has.” -Margaret Mead
Legal Disclaimer: The Financial Freedom Foundation is not a United States Securities Dealer, Broker or US Investment Adviser. Forex, futures, stock, and options trading are not appropriate for everyone. Trading and investing in the stock, Forex, futures, and options markets have large potential rewards. However, there is also a substantial risk of loss associated with trading these markets. Losses can and will occur. You are solely responsible for any losses as a result of trading. Never put your money on the line without an understanding of what you are doing, and why you are doing it, based on your own personal knowledge and experience. Results, depicted above are unique to the user. Your personal results will vary. You could make more, less, or even lose money. No system or methodology has ever been developed that can guarantee profits. No representation or implication is being made that using the information will generate profits or ensure freedom from losses. Traders should consult their own financial advisers regarding any securities transaction, and be responsible for their own investment decisions.
Ideas for passive income: You might find several different definitions online, but in the simplest terms, passive income defined is: any sustained income that you receive without putting in any hours of additional work. Granted, it might require some work up front, but once the income stream has started, it does not require additional effort to continue earning money (additional effort might help to increase passive income). With this definition, something like having a rental property and being the landlord or writing a blog even, would not be conducive to passive income, since both of these require continual work in order to maintain the income stream.
How to Get Passive Income
Generating passive income for life is an investment of time and money now, in order to free-up time later. The end-goal has more to do with freeing up time than it has to do with become mega-wealthy. It’s about putting assets to work now, so that in the future, you can be living off passive income and do not have to continually spend time working in order to maintain your desired standard of living. Creating a passive income really is quite simple, once you know your preferred source of passive income.
Traditional Forms of Passive Income
How To Build Passive Income With Dividends
One of the most popular ways to generate passive income is to buy stocks that pay dividends. These are usually shares of very large, mature companies that are cash cows, but do not have many growth prospects, so they pay out a large percentage of their yearly earnings as dividends. The more shares of stock you own, the more dividend income you receive. However, the percentage return (dividend yield) is usually very low, and the company is not contractually obligated to pay dividends. As such, this is not necessarily one of the best sources of passive income.
Low Tech Businesses
Some people view a vending machine as a place to buy a snack or a drink. Others view a vending machine as a passive income machine. Most vending machines are owned by small business entrepreneurs, as one of their favorite ways to create passive income. One managerial headache is the need to continually re-stock the machines. Another managerial issue is the lack of barriers to entry. If someone else puts a competing vending machine nearby, you can expect your volume of sales to dramatically decrease. While you can create a passive income with vending machines, the annualized returns can be low, because of the commodity nature of the products and the vast amount of competition.
Huge Passive Income Through Billboards
This one might have caught you by surprise, but billboards is one of the few forms of real estate that can manifest passive income. How are billboards different from rental properties and apartment complexes? Simple… you don’t have any tenants. The only trick is to continually have someone advertise on your billboards. The nice part is though, all you have to do is put the words “Advertise Here” on your billboard, and you’re good to go. In times of recession, however, many companies cut back on some of their less effective marketing strategies, resulting in an increase in the “Advertise Here” signs you might see as you drive along the highway. Therefore, billboards do not provide recession proof passive income.
Mortgage Notes
A less traditional way to make a passive income is through owning mortgage notes. In this scenario, you basically replace the bank as financier of the purchase of a house. People may know the term “seller financing”, but you can actually buy mortgage notes from other people, at a discount. That is how you increase your percentage of return. The only problem is that if the tenant does not pay, then you have to replace the bank as the “bad guy” and you have to initiate the foreclosure lawsuit yourself. In addition, mortgage notes are not traded on the public markets, so if you want to sell your notes for any reason, you have to find the buyers yourself, and maybe sell to them at a discount, too. While it is possible to make returns in the teens with this strategy, it takes a lot of expertise to do so. Building a passive income with this strategy is possible, but not without its hazards.
Managed Accounts
An even less commonly known tool, but perhaps more powerful than all the above mentioned, when it comes to building excess passive income, is that of using managed accounts. Simply put, you hire a professional trader to trade your money for you in your own account. This is also sometimes referred to as “professionally assisted trading.” Just look for trading professionals that have track records of generating the kind of returns that you want to get. You do not personally have to learn how to become a trader. You only need to find the really good traders to work for you. Once you find them, it does not require any further personal involvement on your part, except to withdraw your trading profits. If you hire multiple professional traders, then you’ll have multiple passive income. Some of the key benefits of passive income from this source is that you do not have any tenants, not products to stock, no advertising services to advertise, and your investment is very liquid. You can access your funds at any time. Through this method, you can realize the full power of passive income.
In summary, there are several ways to generate passive income. These include dividends, low-tech businesses, billboards, mortgage notes, and managed accounts. Each has unique attributes that make it more or less attractive than the other methods. If you want smart passive income, then the preferred strategy would be that of managed accounts.
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