This week I spent a lot of time with one of my favorite Freedom Crusaders, a man by the name of Bill Moist.
Bill is a commercial real estate developer from Dallas Texas who I met at a networking event one time in Texas.
We were in line waiting to get into the event and we struck up a conversation that’s led to a friendship that’s lasted many years.
I learned it in a book called Rich Dad Poor Dad while reclining in a chair one night after a long day’s work back when I was living in a single wide trailer.
- Make money in business (AKA – become a business owner)
- Invest the money you earn into income producing assets like rental real estate.
When the amount of residual income you earn from your assets, equals or surpasses your monthly household bills, you are free.
At the time – I owed about $13,000 for the trailer I was living in.