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This mostly sounds like a sales pitch for the book to me as it does not disclose any of the methods to get from active to passive income. The key to getting ou
by hwstar 11y ago
This mostly sounds like a sales pitch for the book to me as it does not disclose any of the methods to get from active to passive income.
The key to getting out of the active income trap is to do
the following:
1. Persue education to get a high paying day job.
2. Live below your means, and save and invest the difference. Don't buy new cars. Try and fix as many things
as you can yourself. Cut back on the Starbucks visits. Go to the library.
3. Stay out of non first mortgage debt.
4. Turn off as many advertising sources as possible. Get rid of cable TV, seek out free sources of entertainment instead. Get on the do not call list, contact the Direct Marketing Association and tell them not to mail you promotional materials, Tell businesses you patronize not to send you promotional materials.
5. After you purchase your first home and the first mortgage payments become easy to pay, start looking into investing in rental property.
6. Build a large F.U. money reserve so that you can tell exploitative employers to "take a hike" if need be. Read up on American employment law. Most of you will be shocked on how biased it is towards employers.
7. Read up on how to start your own business. Fictitious names, incorporation, small business loans.
- jonsterling 11y agoWhat does advertising and phone spam have to do with anything?
- hwstar 11y agoSome people are subject to temptation. By eliminating as much advertising and phone spam as possible, these people may have a better chance of getting ahead. The world would be a very different place if people didn't succumb to advertising.
- jonsterling 11y agoI don't know, that sounds pretty out of touch. Pretty much no spam ever is something someone's going to be tempted by. People can get fooled by spam, but if they know enough about how to eliminate all sources of advertising from their life, they're not likely to accidentally sign up for a penis enlargement pill program.