Without a cash management plan, there is usually very little surplus income; and, without surplus income, there is no opportunity to make the investments that create passive income. That is a simple truth that wealthy people know very well.
Time and again I see high earners, who should be laying the financial foundations for a very comfortable future, fritter away opportunities for investment through lack of a cash-flow management system.Others earning a moderate salary, but who stick to a financial plan, wisely build their investment portfolios over time and generate the passive income that will become their retirement nest egg.