{"id":6273,"date":"2019-10-05T22:20:11","date_gmt":"2019-10-05T22:20:11","guid":{"rendered":"http:\/\/on-line-interactivity.com\/blog\/2019\/10\/05\/are-you-wealthy-yet-2\/"},"modified":"2019-10-05T22:20:11","modified_gmt":"2019-10-05T22:20:11","slug":"are-you-wealthy-yet-2","status":"publish","type":"post","link":"https:\/\/on-line-interactivity.com\/blog\/are-you-wealthy-yet-2\/","title":{"rendered":"Are You Wealthy Yet"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><body>&#13;<\/p>\n<div align=\"center\">&#13;<\/p>\n<p><a href=\"https:\/\/on-line-interactivity.com\">&#13;<br \/>\n  <img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/on-line-interactivity.com\/blog\/wp-content\/uploads\/2019\/12\/abbtop.jpg\" width=\"800\" height=\"120\"\/><\/a><br \/><a href=\"http:\/\/www.website.ws\/kvmlm2\/my.dhtml?sponsor=geekzonehostingcom&amp;bannercode=gif002&amp;language=english\"><img 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valign=\"top\">\n<p>\u00a0&#13;<br \/>\n\t  &#13;<br \/>\n\t  &#13;\n\t  <\/p>\n<div align=\"left\"><span class=\"style23\">&#13;<\/p>\n<p align=\"left\" class=\"style23\">Article Navigation <\/p>\n<p>&#13;<br \/>\n        <a href=\"index.html\"><font size=\"3\">Back To &#13;<br \/>\n          Main Page <\/font> <\/a> &#13;<\/p>\n<p\/><\/span><\/div>\n<p>&#13;<\/p>\n<p align=\"left\"\/>\n<hr\/>\n<p align=\"left\"><script type=\"text\/javascript\"><![CDATA[<!--\ngoogle_ad_client = \"pub-5712520513640847\";\ngoogle_ad_width = 250;\ngoogle_ad_height = 250;\ngoogle_ad_format = \"250x250_as\";\ngoogle_ad_type = \"text\";\ngoogle_ad_channel =\"\";\ngoogle_color_border = \"FFFFFF\";\ngoogle_color_bg = \"FFFFFF\";\ngoogle_color_link = \"0000FF\";\ngoogle_color_url = \"008000\";\ngoogle_color_text = \"000000\";\n\/\/-->]]><\/script><script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\"><![CDATA[\n            ]]><\/script><\/p>\n<p>&#13;<br \/>\n            \u00a0<\/p>\n<p align=\"left\"><b><a href=\"index.html\"><font size=\"4\">&#13;<br \/>\n      <span style=\"background-color: #FF6600\">Click Here<\/span><\/font><\/a><\/b><font size=\"4\"><span style=\"background-color: #FF6600\"> &#13;<br \/>\n      for more articles<\/span><\/font><\/p>\n<\/td>\n<p>&#13;<\/p>\n<td width=\"514\" valign=\"top\">\n<div align=\"left\">&#13;<\/p>\n<table width=\"99%\" height=\"114\">\n<tr>\n<td height=\"45\"><span class=\"style7\"><!-- Search Google -->&#13;<br \/>\n<center>&#13;<\/p>\n<form method=\"get\" action=\"http:\/\/www.google.com\/custom\" target=\"_top\">&#13;<\/p>\n<table bgcolor=\"#ffffff\">\n<tr>\n<td nowrap=\"nowrap\" valign=\"top\" align=\"left\" height=\"32\">&#13;<br \/>\n<a href=\"http:\/\/www.google.com\/\">&#13;<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.google.com\/logos\/Logo_25wht.gif\" border=\"0\" alt=\"Google\" align=\"middle\" width=\"75\" height=\"32\"\/><\/a>&#13;<br \/>\n<input type=\"text\" name=\"q\" size=\"31\" maxlength=\"255\" value=\"\"\/><input type=\"submit\" name=\"sa\" value=\"Search\"\/><input type=\"hidden\" name=\"client\" value=\"pub-5712520513640847\"\/><input type=\"hidden\" name=\"forid\" value=\"1\"\/><input type=\"hidden\" name=\"ie\" value=\"ISO-8859-1\"\/><input type=\"hidden\" name=\"oe\" value=\"ISO-8859-1\"\/><input type=\"hidden\" name=\"cof\" value=\"GALT:#008000;GL:1;DIV:#336699;VLC:663399;AH:center;BGC:FFFFFF;LBGC:336699;ALC:0000FF;LC:0000FF;T:000000;GFNT:0000FF;GIMP:0000FF;FORID:1;\"\/><input type=\"hidden\" name=\"hl\" value=\"en\"\/><\/td>\n<\/tr>\n<\/table>\n<\/form>\n<p>&#13;<br \/>\n<\/center>&#13;<br \/>\n<!-- Search Google -->&#13;<br \/>\n<\/span><\/td>\n<p>&#13;<br \/>\n            <\/tr>\n<tr>\n<td align=\"left\" height=\"22\">\n<div align=\"justify\"><span class=\"style7\">&#13;<br \/>\n                <font color=\"#FB7014\" size=\"4\" face=\"Tahoma\">Are You Wealthy Yet?<\/font><\/span><\/div>\n<\/td>\n<p>&#13;<br \/>\n            <\/tr>\n<tr>\n<td align=\"left\" height=\"19\">\n<div align=\"justify\"><span class=\"style2\">by: &#13;<br \/>\n                <font size=\"3\" face=\"Times New Roman\" color=\"#FB7014\">Al Walker<\/font><\/span><\/div>\n<\/td>\n<p>&#13;<br \/>\n            <\/tr>\n<tr>\n<div id=\"article\">\n<td align=\"left\" height=\"12\"><span class=\"style2\">Here&#8217;s a real simple way to become wealthy.&#13;<\/p>\n<p>Marty and his wife live at home with their 2 children. They own&#13;<br \/>a 3 bedroom house in a middle class neighborhood and try to live&#13;<br \/>within their means. Marty works full time in the Printing&#13;<br \/>Industry, while his wife is in charge of the home and looking&#13;<br \/>after the children. &#13;<\/p>\n<p>They&#8217;ve accumulated some credit card debt and have 2 years left&#13;<br \/>on a car loan. They try to stay out of debt as much as possible&#13;<br \/>and together they&#8217;ve managed to contribute a total of $32,000 to&#13;<br \/>their own Retirement Fund. It is kept in term deposits receiving&#13;<br \/>5% interest annually. &#13;<\/p>\n<p>Two years prior, the couple bought an older house that they&#13;<br \/>fixed-up and rent out for $850 a month. After paying the&#13;<br \/>mortgage and taxes $300 is left over each month. This goes into&#13;<br \/>their savings account each month. &#13;<\/p>\n<p>At Christmas, the family bought themselves a new computer and&#13;<br \/>decided to start a home-based business. Things started out&#13;<br \/>fairly slowly but after 8 months they were receiving a steady&#13;<br \/>check of $400 a month which also goes into their savings&#13;<br \/>account. This part-time business will continue to grow with the&#13;<br \/>effort they dedicate to it.&#13;<\/p>\n<p>This business also offers them some very lucrative tax savings.&#13;<br \/>By taking advantage of these Tax Strategies they are able to&#13;<br \/>save an additional $300 a month on tax that was normally&#13;<br \/>deducted from Marty&#8217;s paycheck at work. This monthly income is&#13;<br \/>also added to the couple&#8217;s savings. &#13;<\/p>\n<p>Marty has just begun writing an E-book about his &#8220;production&#13;<br \/>expertise&#8221; at work. His plan is to market this book on the&#13;<br \/>internet for profit &#13;<\/p>\n<p>Every Sunday the couple takes a drive to stay familiar with the&#13;<br \/>Real Estate market in their area. They&#8217;re looking for another&#13;<br \/>property, a &#8220;handyman&#8217;s special&#8221; to fix-up and rent out. They&#13;<br \/>have saved enough for a down payment and their credit with the&#13;<br \/>bank is well established. &#13;<\/p>\n<p>The family&#8217;s total monthly expenses are $2000. Now, here&#8217;s the&#13;<br \/>question:&#13;<\/p>\n<p>Does Marty&#8217;s family have Wealth yet?&#13;<\/p>\n<p>To answer this question properly you first have to understand&#13;<br \/>exactly what &#8220;wealth&#8221; means.You achieve wealth when: *Your&#13;<br \/>Passive Income is the same or greater than your Expenses.* So&#13;<br \/>what does this mean?&#13;<\/p>\n<p>First, what is Passive Income? &#13;<\/p>\n<p>Passive Income is money that you are paid over and over again&#13;<br \/>for work that you only do once. (This excludes using a gun or&#13;<br \/>finding cash on the street) Some examples of this would be&#13;<br \/>royalties for writing a book or a song, commissions that you&#13;<br \/>receive for sales that others make and interest from bank&#13;<br \/>savings or dividends on stocks\/options that you own. &#13;<\/p>\n<p>Second, what Expenses are we talking about? This one&#8217;s a little&#13;<br \/>easier to understand. Expenses are the total amount it takes to&#13;<br \/>run your household and your life. This includes, rent, mortgage&#13;<br \/>payments, car insurance, food, credit card and loan payments,&#13;<br \/>etc\u0085\u0085\u0085 &#13;<\/p>\n<p>Let&#8217;s look at Marty&#8217;s family a little closer\u0085\u0085\u0085\u0085. Does Marty&#13;<br \/>have any Passive Income? Yes he does. Marty&#8217;s salary is not&#13;<br \/>considered Passive Income. That&#8217;s because he has to work 40&#13;<br \/>hours a week just to get the basic amount. If Marty doesn&#8217;t go&#13;<br \/>to work then he doesn&#8217;t get paid. His overtime also doesn&#8217;t&#13;<br \/>count as Passive Income. &#13;<\/p>\n<p>The interest from their Retirement Fund does though. It&#8217;s paid&#13;<br \/>to him month after month as long as it&#8217;s left in that account.&#13;<br \/>So, $32,000 at 5% is $1600 a year. Divided by 12 months equals&#13;<br \/>$133 a month in interest. Ok\u0085..what else? &#13;<\/p>\n<p>After the mortgage and expenses are paid with the rent money&#13;<br \/>they receive on their rental property they are left with $300&#13;<br \/>every month. This is Passive Income. Just as long as the tenant&#13;<br \/>stays and pays his monthly rent.&#13;<\/p>\n<p>How bout that $400 from the home-based business and the Tax&#13;<br \/>savings. Is this Passive Income? Well, Marty&#8217;s wife made sure&#13;<br \/>that she chose a company where she could sign new business&#13;<br \/>accounts and get paid commissions on those accounts over and&#13;<br \/>over again. They&#8217;ve made a 5 year commitment to build this&#13;<br \/>business part-time. So yes, both the $400 and the $300 in Tax&#13;<br \/>Savings would apply as Passive Income. Let&#8217;s add up Marty&#8217;s&#13;<br \/>total Passive Income.&#13;<\/p>\n<p>Interest $166.00 Rental Income $300.00 Home Based&#13;<br \/>Business$400.00 Tax Savings $300.00 Total $1166.00 &#13;<\/p>\n<p>Not including Marty&#8217;s salary from work, his family&#8217;s Passive&#13;<br \/>Income is $1166.00. Not bad. Every month this amount flows into&#13;<br \/>the family&#8217;s bank account, regardless of anything else they do. &#13;<\/p>\n<p>We said that Marty&#8217;s monthly expenses total $2000.00 a month.&#13;<br \/>And we also said\u0085\u0085\u0085\u0085 You have Wealth when: *Your Passive Income&#13;<br \/>is the same or greater than your Expenses.* &#13;<\/p>\n<p>$2000 Expenses subtract $1166 Passive Income = $834 monthly&#13;<br \/>balance needed to have Wealth. &#13;<\/p>\n<p>Marty&#8217;s Expenses are still more than their Passive Income so&#13;<br \/>they&#8217;re not wealthy just yet. But they&#8217;re well over half-way&#13;<br \/>there. With this kind of knowledge a family can know exactly&#13;<br \/>where to focus their financial attention. &#13;<\/p>\n<p>Maybe when Marty writes that ebook he could get some sales and&#13;<br \/>royalties from it. Also the new Real Estate and more work on&#13;<br \/>their Home-based business would certainly help them to attain&#13;<br \/>more Passive Income. Once Marty&#8217;s Passive Income is more than&#13;<br \/>the family&#8217;s Expenses then Marty could start to have much more&#13;<br \/>freedom. He may even choose to quit his job and continue&#13;<br \/>developing his Passive Income streams.&#13;<\/p>\n<p>Take a look at your own finances. What are your monthly&#13;<br \/>expenses? Do you have more Passive Income than your Expenses? If&#13;<br \/>you do Congratulations. You&#8217;re Wealthy!!! If you don&#8217;t. It&#8217;s&#13;<br \/>time to get started and start adding Passive Income from other&#13;<br \/>areas as soon as possible.&#13;<\/p>\n<p>When you truly understand this principle, you&#8217;ll be well on your&#13;<br \/>way to becoming wealthy&#13;<\/p>\n<p>&#13;<br \/>\n About the author:<br \/>&#13;<br \/>\n &#13;<br \/>\n  Al Walker, makes it easy to launch a successful online business and rapidly build your wealth to a six-figure income. Learn the 5 essential keys to online success. To receive your free 4-part mini-course visit: <a href=\"http:\/\/www.businessprogramreviews.com\" target=\"_blank\" class=\"navigation\" rel=\"noopener noreferrer\">http:\/\/www.businessprogramreviews.com<\/a><\/p>\n<p><font size=\"-2\">Circulated by <a href=\"http:\/\/www.geekzonehosting.com\">GeekZoneHosting.Com &#8211; Register a domain name and get hosting for your own Adsense Website just like this one<\/a><\/font>&#13;<\/p>\n<hr size=\"-1\"\/><\/span><\/td>\n<p>&#13;\n            <\/p><\/div>\n<\/tr>\n<\/table>\n<\/div>\n<p align=\"left\">\u00a0        <\/p>\n<p>&#13;\n      <\/td>\n<p>&#13;<br \/>\n    <\/tr>\n<\/table>\n<hr width=\"800\" noshade=\"noshade\"\/><a href=\"https:\/\/on-line-interactivity.com\/ADSENSEWEBSITES\">RETURN TO ADSENSE BUSINESS-IN-A-BOX MASTER ARTICLE INDEX<\/a><\/p>\n<hr width=\"800\" noshade=\"noshade\"\/>\n<div class=\"fb-share-button\" data-href=\"https:\/\/on-line-interactivity.com\/\" data-layout=\"button\" data-size=\"large\"><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fon-line-interactivity.com%2F&amp;src=sdkpreparse\" class=\"fb-xfbml-parse-ignore\" rel=\"noopener noreferrer\">Share<\/a><\/div>\n<p>&#13;<\/p>\n<div id=\"fb-root\"\/>&#13;<br \/>\n<script async=\"\" defer=\"defer\" crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;version=v4.0&amp;appId=103650273035821&amp;autoLogAppEvents=1\"\/><!-- End of FACEBOOK SHARE BUTTON CODE --><span class=\"style6\"><br \/><span class=\"style2\">\u00a92019 - All Rights Reserved by <a href=\"http:\/\/HelpMeFindFreedom.Online\">HelpMeFindFreedom.Online<\/a><br \/><a href=\"http:\/\/www.website.ws\/kvmlm2\/my.dhtml?sponsor=geekzonehostingcom&amp;bannercode=gif002&amp;language=english\"><img decoding=\"async\" src=\"http:\/\/images.website.ws\/images\/english\/banners\/kvmlm2\/468x60_02.gif\" border=\"0\"\/><\/a><\/span><\/span><\/div>\n<p>&#13;<br \/>\n<\/body><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; &#13; &#13; &#13; &#13; &#13; &#13; &#13; \u00a0 &#13; \u00a0&#13; &#13; &#13; &#13; Article Navigation &#13; Back To &#13; Main Page &#13; &#13; &#13; \u00a0 &#13; Click Here &#13; for more articles &#13; &#13; &#13; &#13; &#13; &#13; &#13; &#13; &#13; &#13; &#13; &#13; &#13; Are You Wealthy Yet? &#13; by: &#13; Al Walker [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6273","post","type-post","status-publish","format-standard","hentry","category-adsense-business-in-a-box"],"_links":{"self":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/posts\/6273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/comments?post=6273"}],"version-history":[{"count":0,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/posts\/6273\/revisions"}],"wp:attachment":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/media?parent=6273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/categories?post=6273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/tags?post=6273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}