It has always been a drive in my inner soul not only to have money, but to be financially secure and in control of my financial future. Talking with people from all lifestyles I have discovered that most people feel the same way, yet do nothing about their situation.
The most asked question I am hit with is, what is passive income about?
Not surprisingly this is being asked by thousands of individuals who have been searching for answers to increase their sources of income, yet they do not know where to get help, or how to get on the right track. If you have a desire for
personal success, you will find your answer about passive income right now, keep reading!
For years I spent looking around, searching for extra money ideas, sticking my toe in to test the waters and not jumping in. Then in the last year it really hit me. I really haven’t accomplished anything as far as having the financial security that I often dreamt about. I am still working at a dead end job, not receiving the pay that I desire, always having a fear of being laid off, and not having anything for retirement.
Doing a turn about in my lifestyle I have come to realize that my goal is really not about making a ton of money. What I really want is a technique of having steady sources of income coming into my life on a continuous basis, so I did not have to rely on a job. So my friend that is what I am going to share with you today, learning about passive income sources.
Passive income is:
- Building some sort of income producing revenue source that fits your needs
- Having the mindset of seeing things through to the end
- Setting goals and having the desire to be financial secure
- Not being dependent on a job for your only source of income
- The ability to set up an autopilot business to make money around the clock
- Building a system that produces a reliable continuous income.
- Building it correctly from the beginning, allowing it to work, and receiving regular weekly, monthly , yearly income
- All about building a business that gives you freedom instead of a business where you have to commit 50 to 70 hours a week
Passive income Is building your own business that does not need continuous commitment or working on a daily basis. Examples would include such things as real estate, royalties, investments, online opportunities, small local business opportunities, photography, coin operated businesses, business development, automation possibilities.
Most people that understand this format have more than one passive income working for them
Passive income is all about leveraging your time and work methods to achieve success, with the outcome of continuous sources of income.
People are now finding success with setting up a passive income source online that involves such things as social media, smartphones, photography, youtube, public domain, and a variety of other modern legitimate opportunities.
Passive income or earned income… where do you want to be?
The most common (old schooled) mindset is go to school, find a decent job, (hopefully you don’t lose that job due to downsizing, layoffs, company outsourcing,) buy a house, go into debt, work until retirement age and hoping you have money to last you through retirement. The lack of job security, a job loss, an unexpected expense, or the biggest issue of not planning out your future, can turn your world upside down
People have the mindset of the way things should be, but few take advantage of seeing the opportunities that surround them on a daily basis. Those who can see the opportunities are pulling in income from a variety of sources that they have set up
A great advantage with modern passive streams of income is that you can take an idea that others are making passive income from, you can completely put your twist on it and come up with new ideas as far as marketing, attracting customers, building a continuous stream of income
With a job you are trading your precious time for set amount of money, that you totally depend on. Do you see how the “big businesses, the bosses” have you under their control?
Relying on one source of income is riskier than starting your own business
Real wealth is not totally about money when you finally realize it, being wealthy is all about discovering and enjoying the wonderful, memorable experiences in life, and yes,money and success certainly makes life easier.
Look for and develop a system for yourself that can provide repeated, continuous money producing income source.
Recommended Source to build your passive income success:
50 Ways To Make Money While You Sleep Check it out right now!
With all the modern technology, advantages, and variety of opportunities available today, there is no reason why you cannot use your skills, knowledge experience and creative abilities to set up a business, find a passive avenue that you can build, work, and then allow the business to be a continuous source of income. How great is that???
Never Stop Learning….Angela