As the son of a small business owner, I realized at an early age that true financial independence only comes to those who own their own business. My father and his friends that were financial independent, all owned their own business.
Not just any business either, businesses that made money when they were not there. If they were sick or on vacation their business still made money. It is called PASSIVE INCOME.
Passive Income is passive. Meaning, you do not have to be actively engaged, it runs on its own.
You have to do a lot of work upfront, then some regular maintenance, but after that, it generates income on autopilot. It is like the investor who spends weeks or months researching an investment and then when they finally invest in that great deal, they get the return on their investment.
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.
You can never be laid off, sick or injured. An example of passive income would be when someone has employees earning money for them or a website.
Properly setup, a website can become one way to generate Passive Income. Money is really only made two ways online, one is through advertising and the other is through 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! - 16890
Not just any business either, businesses that made money when they were not there. If they were sick or on vacation their business still made money. It is called PASSIVE INCOME.
Passive Income is passive. Meaning, you do not have to be actively engaged, it runs on its own.
You have to do a lot of work upfront, then some regular maintenance, but after that, it generates income on autopilot. It is like the investor who spends weeks or months researching an investment and then when they finally invest in that great deal, they get the return on their investment.
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.
You can never be laid off, sick or injured. An example of passive income would be when someone has employees earning money for them or a website.
Properly setup, a website can become one way to generate Passive Income. Money is really only made two ways online, one is through advertising and the other is through 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! - 16890
About the Author:
If youre satisfied with your career, 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 one cent! Theyll even show you how to get over 50 free software programs!
No comments:
Post a Comment