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01. Sep 13:53
What did Warren Buffett mean when he said his famous quote: “If you don't find a way to make money while you sleep, you will work until you die”? Well, the simple answer is residual income.. Find a way to get income from sources, not resulting from the source of your own labor. It is very important to understand what does that mean. Once you understand the true meaning of it, you must ask yourself how can you use this advise in your case. As perhaps the world’s most successful investor, when Buffett gives advice, it’s worth listening. Essentially, Warren is highlighting the importance of passive income. In other words, having your money make even more money for you. Rather than your only source of income being the salary from your job, Buffett thinks you should be investing so that your wealth can grow on autopilot.