Sunday, April 1, 2018
What is passive income?
Tired of your current occupation when you are getting paid for certain hours of work? Try to invest your time in new forms of earning money then your efforts are directed on creating a stable source of cash flow.
Passive income definition
Passive income respresents funds that comes to us in the form of a stable cash flow and does not directly depend on our labor costs unlike linear income. This kind of income illustrated by the motto "Do it once, get income constatnly". See also mathemetical model of passive income.
So, for example, you can earn on selling your own knowledge by writing your training video course on a topic in which you are well versed. Once you create such a course, and then it brings you passive income due to the fact that it is repeatedly sold. Earlier we wrote about passive income from the internet, but it could be obtained from any kind of human activity.
You listened that there are people who do not work anywhere for years, but live only on passive income, for example from investments. When we see luxury beaches with yachts, expensive hotels, houses and cars on the TV or in photo, then somehow all these things are associated with us with great prosperity and financial freedom. Passive income is the best way to start living the life of your dream, to travel and to dispose of time at your own discretion at the moment when everyone is working.
Why the poor growing poor and the rich getting richer?
If you look at the life of an ordinary person 30-40 years old, in most cases he spends everything he earns, often has a lot of credits or takes from friends "a couple of pieces before the salary." All this is because he does not focus on creating assets that would help solve his financial problems. Financial slavery in the 21st century flourishes, despite the fact that physical slavery has long sunk into oblivion. Here it is worth remembering the remarkable quote of John Rockefeller - the famous American billionaire: "The one who works all day - there's no time to make money!"
This is indeed so. After all, millionaires are in their free time, and at work people usually earn money only to cover the momentary expenses. Thus, it is worthwhile to understand that our main asset is time, and rich people are good at using it. After all, if you look at the ordinary day of an ordinary person, we will see a picture that recurs every day: in the morning - for work, in the evening - from work, a cafe, beer, a TV. At the same time, the progress of such a person in the long term is minimal, if we pay attention to a thing that the most of such people do not like their work and their salary does not grow with time.
Rich people differ from poor in what they do in their free time.
Life of your dreams
It is the proper use of time and is the key to achieving wealth and passive income as one of the tools of financial freedom.
After all, to create a passive income, you need to work very well. Most often a few months or even years. But after that you can quit your job and become a wealthy person.
According to the famous businessman, investor and financial literacy specialist Robert Kiyosaki, wealth is determined not by the size of the bank account, but by TIME, during which a person can not work, maintaining a comfortable standard of living for him.
In order to understand how you can turn your time into a source of permanent passive income, break out of the "rat race" and gain financial freedom, we recommend that you receive practical knowledge in different science fields to apply it making economical effect and getting richer accordingly .
8 ways to receive passive income on realty investments
Experts of the analytical center "Indicators of the real estate market" have estimated the most accessible and widespread ways of investing in real estate in terms of their profitability and riskiness.
Tuesday, April 3, 2018