While doing research on this topic, I spotted plenty of online resources, like the one shown below. In the case of having a real-life passive income business, you have these two greatest life values, time and money, at your disposal. It doesn’t translate into trading your time for money. The whole idea of earning passive income is the exact opposite of active income. Instead, you invest time and hard work upfront, creating valuable resources, products, and experiences for people. The definition of passive income says that you make money without being actively involved in the process of earning it. You spend a great share of your day (i.e., your life) at work, providing various services according to your expertise to a given company or institution. Typically, when we speak of making money actively as an employee, you do so by trading your time for it. “Passive income is revenue resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.” I’ve checked Wikipedia's definition of passive income, and in short, it says that: What is it anyway? What is Passive Income But it’s entirely doable if you pursue your goal consistently.īefore you can start actually making passive income, first understand: Earning passive income is a great idea for life, though things won’t come easy. This isn’t something you can sign up for or get for free. You’ll face similar struggles while setting up a smart passive income business. And you must admit that his dream wasn’t yet another middle of the road dream. Sylvester Stallone became an icon of American cinema, and we all know him best as Rocky.Īlthough this beautiful anecdote might not be directly related to making passive income, it’s an exceptional story about achieving something really “BIG.” Sly’s story is an excellent example of true determination, effort, and faith in yourself. As we all know, his story got a happy ending. But even these events didn’t discourage him. Sly was so desperate to join the acting scene that in times of bad fortune he was even homeless and poverty made him sell his dog. No one wanted to hire him for a more extended period. Born with part of his face paralyzed, he wasn’t able to speak clearly, had huge trouble with the proper enunciation. However, the harder he tried to break in, the harder the industry rejected him.
He craved to be part of the NYC show business industry. Sylvester Stallone knew what really drives him from the very beginning. Sly’s “from rags to riches” story is an authentic tale of determination that is something worth remembering when you dare to start your transition from a worker into rentier. Have you heard Sylvester Stallone’s life story? Achieving Goals Demands Real Determinationīy the way. And if you want to achieve the “BIG” things in life, it means you have to find yourself fully committed, only then motivation will follow.
Sounds like a dream? Actually, some people live it.Īs a matter of fact, life belongs to those who dare to turn their dreams into goals and follow through. That’s the essence that makes the idea of earning passive income so tempting. Traveling, having fun, and exploring the world. Wild horses on the beach at Assateague Island National Seashore, Maryland, U.S.
Income that would naturally flow into your bank account 24/7 while YOU are literally living your dream.
Reddit passive income free#
Picture yourself as a free spirit, a kind of solopreneur, making decent money by passive income.
No more spending time at a boring office, no more reports, distracting meetings and all the pointless work-related stuff. Imagine the luxury of doing whatever you want whenever you want. My point is, you have common sense, and you can use it to choose your own reality. Still, there are exceptions, individuals who want more and try to escape the routine life of a mere employee. Some have given up on a vision of a different life - or never had one. While most of us are knee-deep in the work system, settle in, and accept the status quo. Have you ever wondered how your life would look if you earned passive income while you’re sleeping? Copy link to clipboard Link copied to clipboard
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