Building Independent Income

Our Active Income is derived from the investment of our time. Some term active income as dependent income. Basically, it means the income is dependent on the individual's presence.

For example, if the individual is not in the office, he won't be able to derive an income, thus this sort of income is labelled as dependent.

To attain financial freedom, one needs to build or create what we call, Independent Income or some say passive income. Independent income means the opposite of dependent income. That means, an income source that is continuously operating with or without your presence.

Some examples of Independent Income sources include Internet Marketing, Network Marketing and investments, etc.

As mentioned by Robert Kiyosaki, author of Rich Dad, Poor Dad, financial freedom is attained when your passive income is higher than your expenditure. Which also means you are in a state whereby, you need not work and yet you can settle your living expenses and debts.

Hence, I believe that in order to attain financial freedom, it is inevitable that you need to set out to create your own independent income.

When you manage to create one independent income source, you should then aim towards multiple streams of independent income.