I like earning big, but I like passive income better. To me, passive income (also known as residual income) is the best form of income. This is the reason I let go of my first job, I let go of my college education which could have landed me a safe secure job, and why I worked basically for free for a year setting up my own business instead of earning big working for another company. I learned not to work for money, at least not in the short term, and I looked to making money work for me.
Wealth is measured in terms of how long you can survive even if you stop working, and if you have the right amount of passive income then you could basically survive for a long time. Passive income simply means that you earn money even if you’re not doing anything. It can be in the form of business, investment, or your very own blog. Yes, a blog. Throughout the course of this book I will teach you how to build your own blog, how to promote it, and how to earn money from it.
The business perspective. I studied business by listening to successful businessmen and women. I learned from millionaires, billionaires, and big time fortune 500 consultants. But no, I didn’t even meet them. I read their books, I read their stories, I listened to their public seminars. Napoleon Hill, Robert Kiyosaki, Brian Tracy, Anthony Robbins, there’s so many I studied and although they all explained things from different perspectives, I found that all their teachings converged. You could say I was a seminar and audiobook junkie, having their lessons played over and over again every day even as I worked and even as I played internet games. And yes, I’m just an ordinary young man who’s also
I will be sharing with you some of the concepts I learned and applied but i won’t be going into much details. Some of these may not be as easy to grasp at first and may be opposite of what you believed. For example, you may believe that you need to have a safe secure job earning 10,000 with social security and health benefits rather than a 28,000 work-from-home job with risk and no security but I would tell you otherwise. The more job security you seek, the less financial freedom you will have in the future. The more risk you take, the more gains you will. The key is to manage the risk, to minimize the loss.