Growing up with a father who owned his own business and getting to know his friends and colleagues, I came to realize a simple truth. People who become financially independent, own their own businesses.
And, not just any business, they all had businesses that made money even if they were not there. They could be out of town, or on vacation and their If they were sick or on vacation their business still made money, in business, we call this PASSIVE INCOME.
Passive Income is passive. Meaning, you do not have to be actively engaged, it runs on its own.
There is a lot of upfront work to get it going, along with some regular maintenance, but once going, it runs on its own. It is like the author who spends months writing a book and then when its picked up by a publisher, they get royalty checks from then on.
If you can set it up, Passive income is a pretty slick. True financial freedom is usually only achieved by those who figure out how to do it.
With Passive Income you are always making money, you can never be laid off, sick or injured. Examples would be when someone has employees earning money for them, investments earning income (not lately), or even a website.
A website can be a great way to generate Passive Income. It can be automated where you make money one of two ways online, either through advertising or selling products. Both of which can be turned into passive forms of income.
And when that website starts to grow, you can be on vacation and making money or Passive Income!
And, not just any business, they all had businesses that made money even if they were not there. They could be out of town, or on vacation and their If they were sick or on vacation their business still made money, in business, we call this PASSIVE INCOME.
Passive Income is passive. Meaning, you do not have to be actively engaged, it runs on its own.
There is a lot of upfront work to get it going, along with some regular maintenance, but once going, it runs on its own. It is like the author who spends months writing a book and then when its picked up by a publisher, they get royalty checks from then on.
If you can set it up, Passive income is a pretty slick. True financial freedom is usually only achieved by those who figure out how to do it.
With Passive Income you are always making money, you can never be laid off, sick or injured. Examples would be when someone has employees earning money for them, investments earning income (not lately), or even a website.
A website can be a great way to generate Passive Income. It can be automated where you make money one of two ways online, either through advertising or selling products. Both of which can be turned into passive forms of income.
And when that website starts to grow, you can be on vacation and making money or Passive Income!
About the Author:
If youre satisfied with your job, then ignore this. On the other side, if you want more time, control, security, or money, then checkout this free online business website to learn how you can start an online business for free without spending a dime! Theyll even show you how to get over 50 free software programs!
Posts
No comments:
Post a Comment