If you want to automate your income every month without exchanging work for money, be in charge of your time, live a wealthier life and if you want to improve your life in general, this is the book for you.
Any money you will ever make, besides winning the lottery - and I wouldn't be waiting for that if I were you - will fall into one of these income categories; Passive Income or Active Income.
Passive income: is the money you profit continuously from assets you have created or purchased. Here’s an example; if you buy a house and rent it out for more money than it costs you to pay your mortgage and other expenses every month, that profit you make is considered passive income. Other example is writing a book, you only have to write it once and put it on the market for sale, after that, your only job is marketing that book to increase sales, giving you a steady influx of profit.
Active income: is any income that is generated by your work. This is the most common way for making money, but its obvious downside is that once you stop working, you stop making money. Therefore, if you ever intend to be rich, this is definitely not the way to go. Its major downside is that you are exchanging time for money and that is limiting you to grow and earn more money. Imagine if you were a Shiatsu therapist, even if you had 1.000.000 people waiting to make an appointment with you, that wouldn't be possible, and therefore you would never receive that money from them, even with the high demand of your exhausted body… The only advantage is the immediate gratification, a misleading trap in my opinion.
Now that you know the difference maybe you can understand they’re importance. Remember, you aren’t getting younger, and things happen. Relying on active income is a risky business wrapped on a warming blanket.
Start thinking on your future; start putting money to work for you. There are many ways you can create passive income these days, and on this Book you will be presented with the top eight of them. The most profitable, easy to implement and with the lowest maintenance.
Here are other benefits of earning passive income, allowing you to leverage your time. Let’s pretend you could pay all your bills using your passive income only, having to spend only a few hours a week working. You could for instance:
- Spend more time with your family
- Earn money while laying back at the beach
- Spend time writing that book you always wanted and that could help thousands of people
- Spend time starting a business you truly love
Imagine how amazing that would be if you could be experiencing this right now. Well, the truth is you can! You just need to get started… so let’s begin.