Many people believe that you should either get rich quickly or work until you retire to become financially free. But being rich doesn’t necessarily mean you’re financially free, a misconception believed by 95% of people. And you don’t have to work tireless hours and wait to retire to enjoy financial freedom!
If you’re not experiencing financial freedom right now, it’s not because you’ve done anything wrong. Like most people, you probably just haven’t mastered the art of creating passive income — money you earn, whether you’re actively working or not.
In the video above, I share how you can make your money work for you — instead of you working for your money — by creating systems that will result in ongoing cash flow.How you can make your money work for you, instead of you working for your money: Create systems that will result in ongoing cash flow. Click To Tweet
As mentioned in my video, there are two main ways to earn passive income:
1. Make investments work for you
The first major type of passive income is an idea most of us are already familiar with: investments.
These investments generally create monthly income with a fixed or standard rate of return attached to them.
This category would include options like bank and government bonds, corporate bonds, t-bills, rental property income, etc.
2. Make business(es) work for you
The second type of passive income is more difficult for most people to wrap their heads around: passive business income.
Many people assume that as a business owner, you’ll need to constantly work to achieve any real success. But that’s not true at all.
Instead, what you need to do is create a business that has the potential to be systemized so that it can work without you. That way, money will continue to flow in, whether you’re putting in the hours or not.
The reality is that you want to have BOTH investments and business always working for you.
Next Steps for Creating Passive Income:
Now that you’ve watched the video, I have a challenge for you:
I want you to come up with one action you can take based on what you just learned. This will get the momentum going and could very well be your first step towards creating passive income today!
Need help with taking your next step?
Great news! Join me in my free video training airing January 16-19),
“Fastrack To Freedom”
“8 Critical Elements To Becoming Financially Free Quickly”
On this FREE video training, you’ll learn:
- My FreedomFirst formula so you never “have” to work again
- The ugly truth about why most people don’t become free, and how to beat the odds with a simple mindset shift
- A unique technique that could accelerate your path to freedom (you’ll be shocked at how simple it is!)…
And much, much more!
This is a limited-time-only FREE training…
So click here to claim your free spot!
Are you using passive income to help you become financially free? If so, what kind of passive income? Comment below – I’d love to know!