THE PATH TO PASSIVE INCOME
Finding Multiple Ways To Make Money
The standard way for a society to make money is by producing something. Manufacturing has been the backbone of many economies for centuries.
But the world is rapidly changing: all functioning jobs are about to go to robots.
Are you aware of that or are you still putting 100% of your energy into your job hoping to get another promotion? Yeah, you’ll probably get a promotion, but how long will you keep it?
Robots will replace humans because they are a lot cheaper. Goodbye health insurance, 401K, and holiday parties. Robots don’t care about that. They can be programmed to do whatever you want …and they won’t talk back and ask for a raise. An employer also doesn’t have to worry about a robot calling off because it has the flu. You can eliminate sick days from the schedule. Remove vacation days too!
If you want to learn more about passive income strategies join us for the Great Wealth Transfer Challenge or tune in to one of our webinars. In our wealth webinars, we explain the 3 major categories of income: earned, passive, and portfolio.
Earned income includes all the taxable income and wages you receive from working.
Passive income comes from rental activity or “trade or business activities in which you do not materially participate.”
Portfolio income is income from investments, dividends, interest, royalties and capital gains. This is the area of money we call “lazy income”.
Ready to learn the basics of investing in the stock market? Click here.
This is the area we will focus on right now and for the rest of our lives (well as long as tax legislation keeps benefiting investors over wage earners).
When you know better, you do better.
In 2018 more people who are in the know will find various ways to create income without much effort. This is called “passive income”.
Today starts a new trend of getting more passive income. Lazy income to be exact.
What the heck is lazy income?
Let us break it down so you don’t have to miss any sleep tonight trying to figure it out.
Lazy income is money. It’s just not the type of money that people are used to.
Most people attend university, create a stellar resume, and go on job hunts so they can earn a wage. They have to get up early in the morning, agree to a schedule, and perform the agreed upon work five days a week in order to get a bi-weekly paycheck.
Not all income requires you to work your butt off until your toenails fall off.
There’s another income option and you don’t have to lift a finger to receive it.
Have you heard of bitcoin? Click here to learn more about it and become a bitcoin pro.
Paving the Way for More Income
Typically we know passive income to be creating a youtube channel or writing a book. But there are more than two ways to let your initial money make money for you.
Where do you start?
You have to unlearn all of the monstrous beliefs society taught you about money and how to make it.
Answer three questions:
- What did you learn about money growing up?
- What is the easiest and quickest way for you to make money?
- How do you multiply the money that you earned?
In order to pave the way for more passive income sources, you have to shift your thinking. You have to realize that you can get paid for your thoughts. This is important. Why? Because if you aren’t getting paid for your thoughts than there is someone watching you is profiting from your intellect.
Think about it.
When you help someone upgrade a process or change a workflow, you are helping them to save time. If you save time, you can potentially cut expenses. If you create a really sophisticated system, all you have to do is put the work in once and you won’t have to work as hard (or do any work) the next time. That new system/idea is a revenue generator or a cost eliminator. Either way you turn, someone is winning. Why can’t it be you?
Here’s the bottom line: you need to put yourself in the director’s chair and control the amount of passive income you are getting by putting a value on your services.
There are over 1000 ways that you can tap into the world of passive income. We can help you! Instead of listing thousands of passive income examples, we want to get to know you and create a list of income streams that align with the core of who you are.
When you do what you love, your chances of success are much higher. And you can contribute to the world in a greater way and have more time to do the things you love with the people to love.
So are you ready to walk with us on the path to passive income? Email us at blackcoupletravels@gmail.com. Let us know what your gifts are and we will let you know how you can profit from your passion.
Talk to us. The world is waiting for you!
