In the early days of turning my life around I was consistently coming across the idea that I could create what was known as ‘Passive Income’. At the time I didn’t know what this was and with a little research, I discovered that it meant making money whether you were working or not. I could make money in my sleep, whilst on the golf course or whilst walking around the shops. Needless to say, I liked the idea! The first piece of advice that I would give you, would be to begin exploring the different ways to create passive income for yourself immediately. I say this because it could, of course take some time. If it was easy everybody would be doing it, right.
Working income is the type of income that requires your time and effort. The best example of working income is a job. With a job you get paid for the amount of hours you spend in work. If you don’t put in the TIME then you will not get paid and ultimately get fired. There is absolutely nothing wrong with having a job as one of your income streams. My experiences have taught me, however, that adding passive income streams is where the real fulfilment and financial security lies…
Passive income only requires you to work hard ONCE! For example, when J.K. Rowling was sat writing Harry Potter she was actually earning less money than someone working in a Fast Food Restaurant. However, when the book was finished, a whole world of passive income streams was created for J.K. She will be making money 24 hours per day, 7 days per week doing whatever she wants with her time, for the rest of her life.
Financial Freedom is the situation you can create for yourself where your passive income covers all of your expenses. Over the past couple of years I have met several people who have created this for themselves and I have been obsessed with creating it in my life as well. Not because of greed but because I have found that people that are financially free can leverage their business to help more people across the world, they can spend more time with their loved ones and they can do incredible ‘hands-on’ work for charity. One of my favourite books on the importance of having passive income streams when it comes to creating financial freedom online is Rich Dad Poor Dad by Robert Kiyosaki. His style of writing will inspire you and will probably make you think that his concepts should be taught in schools!
It Started with the Internet…
Although there seemed to be so many ways of ways of creating passive income (property, stocks & shares, creating products and more), the method that really stuck out for me was making money online. It stood out because it was very affordable to get started and you could make quick returns. I set about finding some sort of affordable training and I am not ashamed to admit that I spent money on a whole load of nothing to begin with because I didn’t know what I was doing. That is why I feel privileged to be able to talk about this stuff to you so that you don’t have to make all of the same mistakes.
To cut a long story short, I can recommend a training program called Bring the Fresh, which contains step by step videos that will guide you through the whole process. It was following the Bring the Fresh training that allowed me to create a whole new feeling in my emotional bank. That feeling you get when you wake up and realise that you have made money whilst you have been asleep. (It’s Incredible)
When it comes to starting out making a passive income online, there’s nothing that I could recommend more highly. Making passive income online has meant that I can spend more time creating books and programs that help people (which is my passion) without having to worry about the money coming in whilst I’m creating them.
The internet may not be the place for you to get started in creating passive income streams as you may have some start up capital to perhaps look elsewhere. However, the internet is such a big marketplace and is growing every day. This makes it the ‘obvious’ choice for your first passive income generating venture.
Good Luck and I wish you Financial Freedom!