Before you actually start working today, did you have any assets working for you 24/7, earning you real dollars?

If the answer is none, then there is some work to do. And it’s never too late to start.

If you retire at 60, you will have worked for approximately 40 years. With the ongoing improvements of modern medicine, if you are currently in this working age zone, you could easily now live to 100. That means you will need enough income to pay for another 40 years after you stop working?

Oh – by the way, if you want to pay for those medical advances, those 40 years of retirement could well be more expensive than the working years.

So what can you do to create a passive income – that will endure beyond your ability to work?

Or create an income that exceeds your ‘working income’ allowing you to retire early?

Or create a passive income that will be a legacy for your grandchildren and their children.

A great book to read as an introduction to this concept is ‘The Richest man in Babylon’ by George Glasson, if you want a copy the easiest way to get one is to you can order it through my website at www.grantthorpe.com just look under my recommended reading list.

The Richest Man in Babylon is about the lessons of putting your money to work for you and how to ensure it is invested wisely.

But most importantly for this discussion its about being able to start with very little and still make a success of creating a passive income for the future.

I have said before – that you can have anything you want in life if you are prepared to pay the price. And to start creating a passive income for the future, will require some sacrifice right now.

But that’s still better than 40 years of so called retirement, which really is, having to work until you die because you didn’t plan better.

It’s said that most people ‘will’ themselves to death because they run out of money to fund a decent life!

In George Glasson’s book ‘The Richest Man in Babylon’ he talks about the rules of money and I like them. First you shape your life to live off 70% of your income, guilt free. You use 20% of your income to repay debt. No more, no less.

And you religiously save 10% of everything you earn.

This 10% is the part that you use to start creating a passive income. As a side note it’s surprising how you won’t miss it if you skim it off right at the time of earning it.

Invest it wisely to go to work for you each and every day. Apart for the actual investment strategy, the power of compounding interest will also do its trick here and you will be very surprised how interest paid on interest over time will affect the value of your investment.

So how can you get started? Well first you need to understand that this is a long term project, but you can start right now, by setting up the model I have just discussed. Putting away that 10% of all you earn to start the passive income stream.

Is the one thing that can fund your personal dreams -also the one thing that is currently getting in the way of you creating a wonderful life for yourself.

Today we have just touched the surface of this topic. I can tell you though, that it’s a lot easier to create than you think. You may just need some assistance along the way.

It’s All about You

Grant’s message is all about creating a wonderful balanced life, something even the most successful people struggle to achieve.

Life comes first, and work is there to fund that life- not the other way around

He uncovers the secrets to a successful personal and business life, easily implemented through the simple steps he shares with you on this Twin CD set

If you want to make the rest of your time on this planet the most ‘life productive’ you can, then listening to this audio is the first essential step.

Grant coach’s successful people and makes them truly amazing!

Price AUS$67.00

Prices in Australian Dollars (plus taxes if applicable) Postage included