Most of us dream about becoming rich, but not many of us will become rich.
And that’s because despite years of schooling we’re never really taught much about money.
In fact, many of us are taught how to work for money, when what we should be learning is how to have money work for us.
Despite my own continued education working as a Certified Financial Advisor, this concept wasn’t introduced to me until I read Robert Kiyosaki’s book, The Cashflow Quadrant and learned about the ESBI system.
What does the ESBI system stand for?
E- Employee. S- Self-Employed. B- Business Owner. I- Investor.
E & S stand for active income while B & I stand for passive income.
What is active income?
Active income means you are trading time for income. This also means, to make money, you must put forth an effort.
What is passive income?
Passive income is earned without having to be present. Examples of passive income include online businesses, real estate, investments, etc.
In this week’s episode of the Online Business Clinic, I am going to continue this discussion so that you can get closer to the right side of the ESBI system and finally find your way to financial freedom!
Trust me, it is possible to get rich with the ESBI system as long as you recognize where your business lies within the quadrants.
So listen to the episode, then join the conversation by heading to the OBC community and let us know which quadrant are you currently in and which one do you wish to be in?
I can't wait to see what you have to say!
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