Do you want to never go back to work? It is possible and many have done it. However, most people really have a wrong idea: getting rich and being successful is not about how much money you can make in a lump sum. It really is about passive income. Why you should be making passive income and how you are going to make money for mailboxes. Read on to find out.
What they don’t teach you in school about money
Most people look to doctors, lawyers, and yes, even businessmen who write big paychecks and think that’s success. It’s not!
Most of the doctors and lawyers you see driving fancy cars are really knee-deep in debt. They also live from paycheck to paycheck, even if their salary is $ 10,000 a month.
No, what really separates the rich from the poor is the money in the mailbox. This is the true secret of wealth. Passive income is the amount of money you earn each month without working.
You could have passive income from real estate. From a business you’ve built, investing in stocks, owning a laundromat or even a parking lot, the list goes on.
Once your passive income exceeds your monthly expenses, you are financially free. You no longer have to work for money. Your money needs are covered, pure and simple. Your wealth will simply continue to grow – As you continue to generate and reinvest your earnings, your passive income will continue to grow.
How do you earn money while you sleep?
First, decide and commit to your own success. Then pick a field, stay focused, and become an expert in that niche.
Let’s say you choose the Internet, which is a very broad topic in itself. You will need to be more specific than that. There are several ways to make money online: affiliate marketing, article marketing, site switching, blogging, and the list goes on. The key is that you choose something, focus like a laser beam and commit to carry it out.
If you start today, you could be retiring in 2-5 years. By “retiring” I mean having enough passive income that you never have to go back to work, unless you choose to do so for pleasure. That is financial freedom. That is what is simply not taught in school. And that is your path to success.