What Is Passive Income?
Let’s begin this post today talking about what passive income is and the importance getting started as soon as possible!
Passive income is money you earn in a way that requires little to no daily effort to maintain.
Some passive income streams that I have are…. Annuities, rental property, a blog and investing in automated trading systems as well as BitCoin. Yes of course it may take some work to get up and running, but the goal here is, to earn you money while you sleep.
Next, let’s talk about the word passive itself for a minute! A passive activity involves watching, looking at, or listening to things rather than doing things, right? So a passive person would be someone who doesn’t need to take action but instead just lets things happen to them.
Although the word passive makes it sound like you have to do nothing to bring in the income this just isn’t true. All passive income streams will require you to make an upfront investment of some sort!
Passive income generally won’t make you wealthy overnight but steady, profitable passive income streams can certainly turn into life-long success.
Although it may seem intimidating to get started building passive income streams you can live on, the key is just to get started. Achieving passive income is something anyone can do. I know it sounds like an impossible goal, yet the number of new millionaires continues to grow every year, without fail. It makes no difference what your financial position is right now. If you manage your finances well going forward, you can reach financial independence in just a short space of time depending on how diligent you are.
Why Passive Income Is Important!
Because time is more valuable than money. You Can’t Make More Time. In fact, time is much more valuable than money because you can use your time to make money, but you can’t use the money to purchase more time. The reality is, you can lose all your money and get it back again, but you’ll never be able to get back your time
With passive income, you make money while you sleep, but not only that, you also make money while you’re awake.
It simply pertains to money that comes in every month automatically, without very much maintenance required.
The best thing I like about passive income is the Freedom it allows me .
You can’t put a price on that, Right?
I love to spend time with my Grandbabies and my Daddio!
I love to travel!
Here is a Biggy for me and I bet you as well! Being allowed to say YES to everything that comes my way is an INCREDIBLE feeling.
Where To Invest To Have Passive Income?
I hope by now you see the importance of passive income and are ready to take the next steps!
Click Right Here Now to learn more about the trusted and legit companies that I personally am involved with where you can invest your money and have good profits returns daily, weekly and monthly without stress.