How would you like to earn while you’re snoozing? Can you imagine yourself vacationing and having the time of your life with your loved ones without worrying about the work you’ve left behind, the money you’re spending, and an unhappy boss waiting for you when you get back?
Ooh… Sounds heavenly!
It doesn’t have to be wishful thinking. It’s what I get to enjoy now… and it’s what you can enjoy too. With passive income, you can have this kind of life.
Work smart with passive income.
These days, “work hard” can no longer compete with “work smart”. If you want to enjoy life more, you’ve got to work smart.
To do this, you need to begin building your passive income streams. You can do this without leaving your current job or whatever it is that’s putting money in your pocket at the moment.
Passive income simply means having your money work for you instead of the other way around. It means not having to work for many hours to get a measly paycheck every two weeks, and yet still be able to earn so much more!
You know you want it— to get overpaid but underworked.
So Why Is Passive Income So Damn Powerful?
Passive income can be your super power in many ways. Here are the reasons why:
1. 24/7 Money-Making Machine
One person can only do so much, no matter how talented, intelligent, or strong you are. You only have 24 hours a day, in which you also need to sleep, eat, run errands, and more.
What if you’re able to duplicate yourself into many people all working for your purpose? Now we’re talking!
This is what LEVERAGE means— to multiply yourself so that you won’t be limited by your own resources and capabilities. You can leverage on people by building passive income businesses. You can also make your money work for you by placing it in various investment instruments.
Once you’ve established your passive income streams, you’ll earn a lot more while doing less. It’s like having money-making machines working 24/7 for you. You can keep earning even as you sleep, while you’re on vacation, and when you’re doing other things that may not be related to your income-generating assets.
2. More Quality Time with Loved Ones
Are you presently satisfied with the time you get to spend with the people who are important to you? How would you like to play all day long with your children, go out on a date with your significant other whenever you want, and hang out with friends without worrying about money?
If you have your money-making machines operating without you, then doing these things can be possible. Yes, you can have time freedom because of passive income.
3. Freedom to Pursue Your Passions
We all have our own passions, things we enjoy engaging in, projects we want to carry out. But what’s stopping most people?
They’re just too frickin’ busy!!!
Many are busy with work, house chores, weekly errands, and a whole lot of other stuff that don’t really bring you closer to the life you dream of living.
Well, if you are nodding your head in agreement, you’re certainly not alone. But this just means that you have yet to build your own streams of passive income so that you’ll have all the time in the world to pursue your passions.
4. Much Less Stress in the Long Run
Majority of employed individuals agree that stress can be greatly reduced if they don’t have to wake up so early to prepare for work, face the monstrous traffic each day, and rush to get to work at a particular time.
What if you also didn’t have to deal with bosses, yearly performance evaluations, endless meetings, workplace gossip, and company politics? You could be relieved of sooo much stress.
What’s more, imagine your life never having to worry about bills anymore. It’s surely going to be one huge boulder off your back!
In the long run, you’ll not just achieve financial freedom with passive income. You’ll also significantly improve your quality of life, become healthier, feel younger, and add more years to your existence on Planet Earth.
5. Profits on Your Own Terms
I’ve met a lot of retirees who are left dazed, wondering where all the years had gone and why they have so little at the end of their working years. I’ve also encountered individuals who, no matter how hard they work, don’t seem to progress much financially.
What do they have in common?
They’re all working for somebody else’s dreams, not their own. In this scenario, your salary increase and bonuses will always depend on another, not on you.
On the other hand, if you have passive income from your own businesses and investments, your profits will be based on your actual effort, performance, and results. You can decide how much you want to earn and work toward that goal.
6. Significantly Lower Taxes
Have you noticed how business owners are taxed a lot less than employees? Well, if you’ve been grouching about how much of your hard-earned money actually goes to taxes each month, it’s about time you started doing something about it.
You can begin by building a passive income business one step at a time and placing a portion of your income into a good investment instrument.
7. Option to Work Anywhere
Every single day, this is one of the questions that runs through my head: “Where will I work today?”
By work, I mean putting in a few hours to coordinate with business partners, train/mentor people, prepare a presentation, read an inspirational book, monitor earnings, build new friendships over Facebook, write a blog post— just to name a few. I love doing these things, so they don’t feel like work at all. Just business matters I choose to take care of.
Wouldn’t it be cool to declare your favorite coffee shop as your “office for the day”? How about doing work on the beach or at a mountain resort with a spectacular view?
With a passive income business, you can choose to work anywhere (and wear anything you want, for that matter). Or you can choose not to work at all, which leads us to the next amazing advantage of passive income.
8. Unlimited Vacation
Perhaps some of you are shaking your heads in disbelief by now. But if you’re still reading this part, something inside of you knows it’s possible and that you can have all this too.
How would you like to have Unli Vacation???
You can work an hour on Monday, 3 hours on Tuesday, and then decide to spend Wednesday doing a hobby or sport you love. Maybe Thursday you’ll meet up with a business associate or client… or not. Friday? Well, everybody’s out so you decide to hang out at home. And throughout the weekend, you can be with family and friends who don’t have the luxury of time that you do. They’re only free on Saturdays and Sundays!
The next Monday, another passive income earner suddenly invites you to fly to Japan or France for a week-long vacation. So you say yes and have the time of your life.
Can you imagine yourself living this kind of life? There was a time I wasn’t even aware that there were people vacationing more than six months in a year and earning ten times my yearly income. And when I finally got exposed to this lifestyle, my initial thought was “Nah… That’s just them. It’s not my luck.”
Let me tell you this. Luck is a figment of our crazy past programming and the influence of “old school” thinking in society.
You can enjoy this same lifestyle. Desire it and believe that you deserve it. Then focus and take action.
I can already picture you with your money-spurting passive income machines. 🙂