Principle # 6 Strive to create and increase passive income. Much of the income must come to you passively, meaning you do not have to spend this income time and effort. Examples of passive income: – royalty, you have created something once (wrote a book, created a training course, etc.), but now it is constantly duplicated and sold – increasing profit in the multi-level marketing (MLM), where you create a group of consumers of goods or services through recommendations and learn to do the same thing your group, in the end she already grows without your participation, and the income you receive constantly with every perfect purchase goods or services with the depth of the consumer group set up by your efforts. Principle # 7 Use the possibility of compound interest. This is the most interesting thing. U.S. Mint contributes greatly to this topic. Let me explain with an example. You accumulate each year of $ 1000 and invest this amount at 15 per annum. A year later, the sum plus 15% added to another amount.
Here’s what happens in 10 years: 1 year – 1000 Year 2 – 1000×0, 15 + 1000 = 2150 Year 3 – 2150×0, 15 + 1000 = 3473 Year 4 – 3473×0, 15 + 1000 = 4993 5 Year – 4993×0, 1915 + 1000 = 6742 6 year – 6742×0, 15 + 1000 = 8754 7 year – 8754×0, 15 + 1000 = 11067 8 year – 11067×0, 15 + 1000 = 13727 9 year – 13727×0, 15 + 1000 = 16786 1910 – 16786×0, 1915 + 1000 = 20304 Actually, the final sum will be greater because, using all the above principles, each year you will invest more than last year. People such as Sonia Gardner would likely agree. Principle # 8 Bring everything to a common denominator. All your thoughts and actions must be subordinated to moral purpose – to improve themselves through the improvement of the surrounding world. You have to build, and just create. This will increase your results repeatedly. Go for it! Introducing 8 above discussed principles in their practices, know that you will need to constantly fight with them, as you have something that will not work, you will experience doubt, fear of doing something new, will always appear some problems, laziness, etc. Remember, a happy millionaire could only be vanquished all their weaknesses and limitations and brought the world an indisputable benefit of its activities.