Remember – the wealthy take action. , if you are serious about increasing your wealth you will too.
.
Let’s think of it another way – you could spend 40 hours this week working for an insurance company as an office clerk, and you’ll only make $10 or $12 an hour at the end of it. Spend 40 hours working on building your passive income and you can get that $10 or $12 an hour (or much, much more) rolling in all day, every day – even on weekends!
Heck, most people aren’t even ‘serious’ about their health, let alone their wealth, but it’s those people who are truly committed to action that makes a real difference in their own lives. The major difference between the wealthy and the poor is that wealthy people take action (since they are committed to their wealth), whereas the poor are people who tend to think about change, but rarely take the actions necessary to make it.
Well, step one is to not quit your day job, as it will take some work before you are able to live off of your passive income and quit the 9-to5. Building passive income is long term thinking – not short term, so in the meantime you need to keep your bills paid.
If you are serious about increasing your wealth, then you are going to want to read this article, because it’s the starting point – this is where it all gets very serious, and where change will follow.
Fair warning! Do no think that building passive income is easy – it’s not. It takes some work to establish your base, and it takes planning and commitment to build that base, and unless you build your base, that passive income will never come.
There are successful businesses out there that will generate a strong and consistent passive income without the hassle of selling, and without hundred of thousands of dollars needed to get in on the ground floor. Take the next step and if you are committed to creating passive income for you and your family and want to start small and build a strong base.
MLM, or Multi-level Marketing, has long been a source of passive income for people that do not have the big money to invest upfront, and while some people shy away from MLM systems, you must understand before going in that the way they work is not like it is in the infomercials.
Many people have heard of ‘passive income’ but very few fully understand what it means. The key to generating ongoing and growing wealth is to work for passive income, instead of working income.
The big problem is, of course, that most people do not have the massive amounts of capital required to buy real estate. You may have to lower your sights a little to ways to make smaller amounts of passive income, with a much smaller investment, so you can work your way up to property investment later.
Heck, most people aren’t even ‘serious’ about their health, let alone their wealth, but it’s those people who are truly committed to action that makes a real difference in their own lives. The major difference between the wealthy and the poor is that wealthy people take action (since they are committed to their wealth), whereas the poor are people who tend to think about change, but rarely take the actions necessary to make it.
Many people have heard of ‘passive income’ but very few fully understand what it means. The key to generating ongoing and growing wealth is to work for passive income, instead of working income.
MLM, or Multi-level Marketing, has long been a source of passive income for people that do not have the big money to invest upfront, and while some people shy away from MLM systems, you must understand before going in that the way they work is not like it is in the infomercials. The best way to generate passive income is to find a real business that requires no selling.
Your working income is gone. You may have plenty of money, but you don’t make more unless you put on your work clothes, get in the car, and go to work. The rich tend to focus on earning passive income instead, so that their wealth grows each day, whether they go to go or work to the Riviera to work on their tan.
Imagine earning $400 before you even get up in the morning. That’s passive income.
You are committed? Since you still reading, you must be. Okay, let’s get to the meat of the issue.
