Timeless Money Secrets Part 3

Ogbo Awoke Ogbo Coaching Newsletter

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HEALTHY, WEALTHY & WISE DIGEST

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November 24, 2009

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Timeless Money Secrets Part 3 The Power of Residual or Passive Income The Secret #3 of money is residual or passive income. There are two basic kinds of income: earned income and passive income. Earned income is the money that comes to you as wages or salary, the money you earn by exchanging your time and effort for money.

The problem with earned income is that the day you stop working your income dries up. You may have good cars, travel abroad every month and so on but one way to tell whether you are truly rich is to ask yourself, “If I stopped working today, how long can I continue living in my current lifestyle before I run out of money?” Never Ending Income

Residual income comes to you without your effort and physical presence. It allows you to plant once and reap a thousand more times. For example, Professor Chinua Achebe wrote the book, “Things Fall Apart” 51 years ago but he is still receiving royalties on the book. Last year, the book celebrated its 50 years of success around the world. Prof. Achebe will still be earning income from that book after he dies. B o b M a r l e y died almost 30 years ago but last year he earned $7 million. Michael Jackson died too soon but he is still earning hundreds of millions from the grave, to the chagrin of those who persecuted him unfairly while he was alive.

If you could use your mind creatively, there is no limit to the amount of money you can earn in life or death. How would you like to leave millions of dollars for your children’s children?

Watch Ogbo on Silverbird TV (DsTV Channel 131) every Wednesday between 7:30 and 8:00 am

If you do not have passive income, you are not rich. Period. If you do yet finance your lifestyle from passive income, you are not far from financial difficulties. The loss of your job can end it all.

King Solomon said, “A good man leaves inheritance for his children’s children.”

Sources of Passive and Residual Income How can you begin to build real wealth? What are the sources of passive income you could begin to add to your wealth portfolio? We usually discuss 17 achievable sources of residual income at the Financial Intelligence coaching classes. Some of them include online businesses, stocks, real estate, copyright materials, intellectual property and network marketing.

Success Coach, 17B Salaudeen Akano St, Ogudu GRA, Lagos, Nigeria | (234) 803 488 0518 | Email: [email protected]

SUCCESS COACH!

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December Coaching Classes People are used to seminars but not coaching. Often, when you attend seminars you return home with tons of manuals but your finances, career, business, marriage or health remain the same. It happened to me so many times until I experienced the power of coaching by Robert Kiyosaki’s RichDad company.

Seminars and workshops give you great information but coaching uses cognitive techniques that bring out the best in you. Our coaching classes are 30% lectures and 70% life changing exercises. You leave each coaching class with a bl u e p r i n t o f a c t i o n s fo r improving your finances, career,

relationships and health. It is better experienced than discussed.

Upcoming Coaching Schedules: Lagos Personal Planning Workshop (Two Dates) Saturday, 28 November 2009 Time: 12 noon Friday, 4 December 2009 Time 10 am Tuition: N10,000 only (subsidized by Strategic Career Resources) Venue: Strategic Career Resources Int'l Ltd 33 Mobolaji Johnson Way. Oregun, Ikeja. Contact: 08033721975

Port Harcourt Financial Intelligence Class Saturday 12 December, 2009 Venue: Novotel Hotel, 3 Stadium Road, Port Harcourt. Time: From 9 am Tuition: N20,000 Lunch and free course material provided. To register for the Port Harcourt coaching class, please send your full name and intended class by email to [email protected] or by text to 0803 488 0518 Remain Healthy, Wealthy and Wise!

Ogbo Awoke Ogbo started his career with Shell. Then, he moved on to Chevron. After years with Chevron, Ogbo returned to a much higher position of responsibility with Shell before resigning to set up a life and business coaching practice. He trains organizations, speaks in events around the world and holds weekly television and radio programs in Nigeria. He has written a book, Financial Freedom for Every Youth, the first in a series on financial freedom. Ogbo is a member of the prestigious International Coach Federation (ICF) Success Coach, 17B Salaudeen Akano St, Ogudu GRA, Lagos, Nigeria | (234) 803 488 0518 | Email: [email protected]