Learn to manage your money and create income doing something you love is what university professor Preston Parker proposes at the Cache Valley Area Investors Association but do not think of it as getting rich, think of it as becoming financially independent, he says.
President and Founder Preston Parker says the organization promotes the ideas that money cannot buy happiness but can help provide financial independence if you know how to use it.
“In CVAIA, we focus on education and networking,” said Parker. “The cause is financial independence which is important because there are a lot of people who are unhappy and there are enough jobs in the United States that people can find the ones that they love.”
The Cache Valley Area Investors Association (CVAIA) teaches people that financial independence is composed of two incomes: passive income and earned income. Earned income is money that people earn on a regular paycheck and do not manage well making them less financially independent; passive income is money earned based on thought devoted to what they love to do. Parker said one of the goals is to raise passive income and lower earned income.
The CVAIA was founded by Parker in 2007 because he claimed he was tired of people asking him for advice on finances. They embrace the Law of Attraction, the Law of Abundance, and the Law of Exchange. They practice methods found in the ideologies of books including Rich Dad, Poor Dad, the Wealthy Barber, the Millionaire Next Door Atlas Shrugged, The Automatic Millionaire and the Secret. The members come together to mitigate the same belief: that education mitigates the risks of investing.
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