Download or read book Passive Income Accelerated Learning written by Michael Carter and published by . This book was released on 2018-11-20 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wouldn't you rather enjoy your life living it to the fullest by spending more time doing what you love?Or make consistent steady amounts of money within the comfort of your own home? And what if could you do it 10x faster wasting less of your precious time by mastering your learning skills first? Well if you combine the infinitive potential that we all have hidden in the deepest recess of our brains and the huge potentiality and exposure that internet guarantees, the truth is that yes, it can be done and it would be easier then what you are probably thinking of. This resource bundle book has been put together with one sole mission; to provide you with the best ideas and all the technical knowledge necessary to succeed through online business and at the same time, help you drastically improve your learning ability in order to correctly gain the skills necessary and the right approach. So, let's have a better look at each of these amazing books. ***In the first book, Accelerated Learning, the author, a highly successful psychologist, will guide you through a unique, six step framework for rapid skill acquisition that will teach you not only how to absorb the essential information you need to make your way in this endless evolving era but also tricks on how to retain it and recollect it whenever needed, even if it is years later. In this book you will find how to: Create a more positive image of how you should learn Gain a more intense level of concentration by using your five sense Reduce the amount of time you have to spend studying with the proven 6 steps to faster learning Tap into your real brain power in order to speed up the learning process Reinforce that learning so that it will stay with you for years to come Once you have learned to unlock the secrets already hidden inside you, your learning will become a more enjoyable experience, one which you could look forward to each day. You'll learn faster than you ever have before, and you'll be happy doing it. ***The second book, The Ultimate Passive Income Guide, surfaced from the idea of creating a comprehensive guide that could help a beginner avoid common mistakes by selecting, exploring and providing proven strategies and techniques of the best online businesses that have demonstrated to be profitable and attainable beyond a shadow of doubt. Through the pages of this book the author, a highly successful online entrepreneur, will explore all the most well grounded and profitable techniques to enable you to start building your own online business and earning income you never thought attainable. This in-depth guide will: Debunk the myths and show you the TRUTH about passive income! (very important) Explore the best TEN proven, reliable, and profitable online business ideas! Provide instructions to launch your online business and turn it into Passive Income! Explore passive income through Amazon, Online Courses, Drop-shipping, and so much more! Give you the tools and mental approach to be a successful entrepreneur! So, if you're ready to change your life, stop dreading the amount of time you need to acquire new information and start chasing your dreams by creating sufficient passive income to become financially free. CLICK THE BUY BUTTON NOW to obtain the know how so you can start doing it right away!

Download or read book Accelerated Learning written by Frank Coles and published by Independently Published. This book was released on 2018-11-21 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2 Books in 1! Do you ever feel like you're too busy, too stressed or just too distracted to concentrate and get work done or study for your exams? Most of us feel this way because we have never been taught how to learn. We go to school, we learn different subjects, study languages and acquire skills to get by in life, but no one ever teaches us how to learn in order to be more efficient, increase our focus, eliminate distractions and stop procrastinating. If you're looking to study more effectively, learn something entirely new, improve your memory and mental capacity, learn more efficiently, or even teach more efficiently, this book is the first - and most crucial - step for you on your path to success. In this book you will find: How memory works Efficient and fast learning techniques which are perfect for total newbies Speed reading techniques Concentration strengthening How to use flashcards like a pro Mind mapping And much much more! The human brain is a powerful tool so don't underestimate it! And once you have acquired new skills on how to learn, as a bonus, I have invcluded my concise and insightful information guide on 101 different businesses all under $1000 which will help you to make a passive income! 'Passive Income Ideas: 101 Passive Income Ideas Under $1000' has been written to show you 101 different businesses which you can start today in order to grow a passive income both online and offline. The 101 Passive Income Ideas include: CPA Affiliate Marketing Peer-to-Peer (P2P) Lending Dropshipping/Ecommerce E-book Publishing Blogging And many, many more! Remember what they say: whether you think you can or you think you can't, you're right! If you're looking to level up in any area of your life, this is the guide for you! So what are you waiting for? Buy this book today!

Download or read book Accelerated Learning Increase Reading Speed With Accelerated Learning Techniques Productivity and Use Your Acquired Skills to Make a Passive Income written by Velma Parker and published by Velma Parker. This book was released on 2022-01-06 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: However, thanks to science, we know that not everyone learns the same. Through studies in to accelerated learning we are able to understand how the brain works, and more importantly, how the brain learns and stores new information, therefore, we can take advantage of this research, and unleash the power of the most magical organ human life has created. In this book you will learn: • How to optimize your environment to your brain's advantage • How to exercise your brain to learn faster and better • How to increase your brain health • How to increase your gray matter • How to optimize studying time to boost your learning capacity • The power of meditation and how to perform it • Mistakes that you absolutely want to avoid • Tips, tricks and techniques for students Learning a skill or subject quickly can have many advantages in life, business and leisure. Imagine being able to read and digest critical information quickly and effortlessly, faster than your business rivals, or reading more books on a wide variety of subjects in your spare time.

Download or read book Passive Income Powerhouse Learn To Set Yourself Up For Life written by Book Wave Publications and published by . This book was released on 2024-01-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Passive Income Streams written by Stirling Coleridge and published by Createspace Independent Publishing Platform. This book was released on 2018-10-06 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Passive Income Streams: Top Opportunities & Ideas in Multiple Ways for Creating Passive Income for Profits. Are you bored and fed up of being part of the 9 to 5 rat-race? This bumper book gives you awesome ideas on how to quickly start your online business and turn it into Passive Income! Discover the online marketplace. You will be amazed to learn that thousands of people are making passive income online. - Generate Income through affiliate marketing - How to Make Money by Self-Publishing your own books - And much, much more! This book contains great value; 2 awesome book manuscripts in 1: BOOK1 MAXIMISE YOUR SUCCESS ONLINE Social Media & Digital Marketing for Beginners Tips & Tricks. BOOK2 SELF PUBLISHING SUCCESS GUIDE Step by Step Beginner to Intermediate Guide How to Create and Publish Your E-Book. About book 1 MAXIMISE YOUR SUCCESS ONLINE, find out about: - Instagram - Twitter - Facebook - Pinterest - Afilliate Marketing - CPA Marketing and more..! There is a certain amount of agony, floundering and a feeling of helplessness when trying to find out where to begin finding your niche with Social Media Marketing. You feel almost paralyzed with the amount of information coming at you and simply want to give up and surrender to be paralyzed about it. This book has been written to provide an outline to making money online, a starting point with gentle guidance for newbies. I hope it energizes you to take action... providing you with the boost that you need. In book2, SELF PUBLISHING SUCCESS GUIDE, the main goals of this book are: - How to publish your book with success on Kindle - How to keep your publishing costs to a minimum - How to write your book super-fast - How to write a profitable book - How to publish your book in 24 hours or less. Learning tips and tricks and much more valuable goals along the way. Do you want to publish a Kindle E-Book? Find out how to be a success in self publishing? Learn how to produce good content and scale up fast? There are many self publishing books out there right so thank you for considering this one. This book will help newbies, beginners, entrepreneurs and small business owners to become an instant authority online. You will get something valuable out of this bumper book. I will show you how to get started and to scale up from a first time self publishing beginner to an intermediate self publisher. You will often refer back to this book, once you have understand and mastered the basics, which is a good sign because you will then realise the value of this book even more! Just imagine earning passive income so that you can work less, spend more time with your loved ones doing the things that you are really passionate about? How great is that? Well, it is possible. Learn top passive income ideas, for the best passive income streams, all explained, make income online, with proven ways to earn extra income. The book is also for beginners in Affiliate Marketing. Make money online with affiliate marketing and self publishing! Learn how to create mulitiple passive income streams, learn about internet marketing, how to make money online fast, or if you want an online business, here are the best, simple ideas for eventual financial freedom, as long as you work at it! Act now, buy this book today.

Download or read book Passive Income Ideas For 2020 written by Ralf Percy and published by . This book was released on 2019-05-24 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you ready to invest your money into creating passive income streams that inflate your monthly income? These are some of the hottest, proven methods that you can start with, today.You're not going to get rich earning a salary. You need to take those savings and make money from money. But how? It can be harrowing and risky to invest in new income streams for the first time. The chance that you will lose money is high. That's why you need a guide just like this one. In Passive Income Ideas for 2019, I detail some of the most lucrative methods of earning additional income available for the modern investor. I take a candid, unfiltered look at opportunities in social media, drop shipping, affiliate marketing and renting. There is real money to be made here!In this ideas-guide you'll learn: -Why passive income will get you where you want to go-How drop-shipping works and how to get started selling-What affiliate marketing is and how to make money this way-How to invest as someone interested in passive income -How to leverage social media for passive income generation-About renting, website flipping, selling eBooks and being a creativeThe sky is the limit when you're no longer a slave to your monthly paycheck. You'll lose some. And you'll win some too. After a while, you'll just keep winning. That's when your life changes.Discover how to seriously create passive income streams that will free you from your current job. It's easier than you think, and all it takes is commitment and a sharp mind!Learn how to get started with passive income in this guide. Buy the guide, and start earning!

Download or read book Online Income written by Michael Maxwell and published by . This book was released on 2016-12-09 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginners to Expert Guide On How to Make Online Income FAST Learn how to create a business model that will generate over $5000 in monthly passive income for you Interested in learning how to maximize profits using digital channels? Have a great product idea but not sure how to create it In this book you will be provided with a roadmap on how to start an online business, how to create a product from beginning to end, and how to effectively market that product using Amazon's platform to reach a global audience. Making online income can be VERY lucrative and SIMPLE if you know what you are doing. Unlike brick and mortar shops, your products can and will be available to customers around the world ALL THE TIME. That means that customers will be able to buy your products 24/7 even when you are asleep. THIS is the benefit of an online business model. This is the secret to how you can scale your business FAST. Relative to a global market, making $5000/ month is EASY when your customer base is in the millions. Learn how to leverage this global market using Amazon's platform and start making money online today! Here is a list of the topics that will be covered Step-by-step Beginner's Guide on How to Make Money Globally by Selling Private Label Products on Amazon Tips and Tricks On How to Outsource and Manage Suppliers to Reduce Costs, Increase Profits and Build a Sustainable Business Model Brand and Marketing Strategies That Will Transform Your FBA Business and Help Sell Your Products

Download or read book Free Money for Life written by J.R. Calcaterra and published by . This book was released on with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: Free Money for Life is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques that can be the backbone of any entrepreneurs success in making a free passive income. I tell you how I make free money and how you can do it as well. Making free passive income is not a secret and you can be doing it in a very short period of time provided you understand everything you read in this book and then apply it right away. Imagine being able to live anywhere, go anywhere or hang out anywhere in the world you wish to be. By learning what Free Money for Life is about you can do just that and so much more. Use Free Money for Life as an overview or a guide if you will, to what to study and learn first to become consistently profitable from your new money making venture. I give you concise information as to what to learn first and what to look for as far as further information is concerned. I tell you only the most critical things to learn first because those are absolutely the most important and the ones that will make you money right away if you do them. There are links to some references in the book which I have made clickable for your ease of use. All you need to do is click on the link and it should take you directly to the information in the reference, all clickable links were live as of the writing of this book. I encourage you to do more research on your own after having read this entire book once or twice. The information in Free Money for Life can give you a head start on your education and training learning curve and get you on the fast track to making real free money right away. It will be up to you to follow the advice in the book though. There are lots of decisions to make before you even learn anything or study anything. I recommend you take your time and learn to do your new business the right way from the first day.

Download or read book Passive Income written by Stephen Huber and published by . This book was released on 2019-11-16 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you want to break free from the 9-5 lifestyle, then keep reading... Have you been stuck in your 9-5 job for years, yet you have little or no savings to show after all those years? Have you been wondering if making extra income apart from your salary is possible? Do you dream of finally being able to hand in your resignation? If so, then you've come to the right place. You see, starting a passive income stream doesn't have to be difficult. Even if you've tried before and failed. According to Robert Kiyosaki, a well-known American businessman, the rich don't work for money. In fact, they make money or other people work for them. Which means you can make money while you sleep and without having to sacrifice your health or all your free time to achieve financial goals. Inside you will find: Why you should consider having other sources of income Benefits of having passive income How you can build an empire using rental income Types of passive income Online business ideas and how you can profit from them Why some people find it easier to create multiple streams of income than others How you can sustain multiple streams of income Things you should avoid when you have multiple streams of income Tips and tricks of creating passive income and so much more So if you want to learn more about how to start making passive income, scroll up and click the "add to cart" button!

Download or read book The Smart Passive Income Guide How to Successfully Create Passive Income Streams With A Growth Mindset written by Bruce Walker and published by Bruce Walker. This book was released on 2015-04-24 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: DISCOVER: The Passive Income Stream That Suits You Not Every Type of Passive Income is For Everyone To know which type of passive income stream that suits you best, you need to clarify your ambitions and honestly assess your skills and your financial situation. This guide introduces different passive income ideas and explains the Pros and Cons of each type. From reading this guide, you can easily identify which passive income (or Residual Income) path is right for you. ☆ 80% Mindset / 20% Strategy ☆ YOU can have great tactics, strategies and information on how to create passive income – but to actually earn a passive income, having a winning, positive and empowering mindset is much more important. In this guide, we’ll discuss some common traits and beliefs of successful passive income earners. We’ll find out why they’re so successful and how they overcome obstacles. We’ll discuss some of the limiting beliefs and myths that many of us have about earning passive income. This is not a guide on just teaching you ''How to make passive income''. We will discuss a great deal on the mentality you need to have to stay on track. ☆★☆ Highlights of The Smart Passive Income Guide: ☆★☆ • Common Misconceptions about Passive Incomes • A Successful Mindset for Making Passive Income • The Pros and Cons of each Type of Passive Income Stream • How to Build a Passive Income Business • Obstacles to Building Passive Income • Which Type of Passive Income Suits You Best • 5 of The Best Passive Income Options *BONUS Chapter* 5 of The Best Ways to Earn Passive Income In the last chapter, we’ll discuss five of the best ways to earn passive income. They are effective, easy to implement and highly recommended by Bruce and some of other top passive income earners. Everyone can earn passive income! All you need is the right mindset and the right strategy. Remember: Taking Action is The Key to Success. Download Now and Start Building Passive Income Today!

Download or read book Accelerated Learning for Expertise written by Peter Hollins and published by PKCS Media. This book was released on 2019-09-04 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: A deconstruction of the elements of expertise, and practical step-by-step methods to reach it ASAP. Expertise - we all want it, and traditionally it would take years of intense study and practice. But just because it’s always been that way doesn’t mean you have to follow that path. It’s time to use all the resources at your disposal and learn a new approach. Learn a plethora of scientifically-validated methods. Accelerated Expertise has a simple goal. Let’s help you get from Point A to Point B, where Point B is an extremely high level of expertise in your desired area or topic. You’ll learn how to learn effectively, and what steps you must take to gain a respectable and enviable knowledge base. Understand what the industry leaders know, and how to make sense of completely foreign topics. Think outside the box and strategically accelerate your expertise. Peter Hollins has studied psychology and peak human performance for over a dozen years and is a bestselling author. He has worked with a multitude of individuals to unlock their potential and path towards success. His writing draws on his academic, coaching, and research experience. Make learning easier, more efficient, and more organized. •Learning myths, the biology of learning of expertise, and the most important mindsets for expertise. •Information: how to collect it, filter it, organize it, understand it, and master it. •Easy tactics to exponentially improve your memory. Outpace, outthink, and outperform others. •Multiple models and paths to expertise, including using exemplars and finding knowledge gaps. •What language acquisition and learning an instrument can teach us about expertise. 1% world-class expertise opens the door to the life you want.

Download or read book Passive Income Ideas written by Frank Coles and published by Independently Published. This book was released on 2018-11-03 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Before you continue, I want you to imagine what you could do with an additional income stream that allows you to earn money passively... As we all know, there is no magic trick that turns your time directly in to money. However, there are ways to make money passively that do not require you to take on another 'job'. You know the famous saying: 'Don't work for your money. Make your money work for you'. Many people often assume that this is easier said than done. But, believe it or not, there are several easy ways to earn passive income which will make your money work for you! Yes, some of the ways may involve some work, time, and money up front, but once that's taken care of, you can sit back and watch your bank balance grow. This sounds like exactly what you have been looking for right? But, how do you know which business is right for you? Well, imagine having a concise and insightful information guide about 101 different businesses all under $1000 available at your fingertips. Imagine knowing upfront which business isn't for you and in the process saving yourself a lot of stress, time and wasted money. That's exactly what this guide is here to do. 'Passive Income Ideas: 101 Passive Income Ideas Under $1000' has been written to show you 101 different businesses which you can start today in order to grow a passive income both online and offline. The 101 Passive Income Ideas include: CPA Affiliate Marketing Peer-to-Peer (P2P) Lending Dropshipping/Ecommerce E-book Publishing Blogging And many, many more! To make things even easier, each of the ideas has been given their respective risk score, operating or launching costs, performance difficulty level and profit potential so you know exactly which business suits your needs best. Now that you are ready to take charge of your financial future and have the best resource on the market available to you, there is nothing stopping you from creating a better life you and your loved ones. Don't wait, grab your copy of 'Passive Income Ideas: 101 Passive Income Ideas Under $1000' and change your life today.

Download or read book Passive Income written by Shreya Chopra and published by . This book was released on 2020-08-10 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: How I Built 6 Figure Income Streams That Make $80,000+ Per Month (Tips and Strategies!) Want to learn how to get multiple income streams or how to make passive income online? This book covers the different online income streams and passive income strategies I've used on how to create multiple income sources. If you want to learn how to make money online, including online income streams and how to create passive income for yourself with the latest income stream 2020, then this book will show you how to make money online 2020 and ways to make money online fast using these passive income 2020 strategies.And much more Start reading now

Download or read book THE BIBLE OF MAKING MONEY ONLINE written by S P Sharma and published by Exam2Villa. This book was released on 2021-01-23 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Content 1. What is Income? 2. What is digital marketing? 3. Build a Niche Blog (or Website) and Use Affiliate Marketing 4. Launch and Grow a Startup 5. Build and Sell Software 6. Start an eCommerce Site and Sell Physical Products 7. Find Freelance Clients and Sell Your Services(Introduce 78 Freelance website) 8. Start Online Coaching and Sell Your Advice 9. Create Online Courses to Productize Your Knowledge 10. Launch a YouTube Channel to Entertain and Educate 11. Record a Podcast and Share Inspiring Stories 12. Join a Remote Company Part-Time (or Full-Time) 13. Test Websites 14. Narrate Audiobooks 15. Write and Sell an eBook (Amazon Self-Publishing) 16. Do Micro-Jobs on Amazon Mechanical Turk 17. Join Freelance Job Sites (Like Flexjobs and SolidGigs) 18. Sell Your Services on Niche Sites Like 99Designs, Cloudpeeps or TopTal 19. Do Graphic Design for Local Companies 20. Email Marketing with a Niche Newsletter (The Skimm, Mister Spoils) 21. Sells Products on a Shopify Store 22. Sell Your Crafts and Art on Etsy 23. Become an Influencer on Instagram 24. Sell Your Art and Designs on Society6 25. Local Business Consulting 26. Sell Stock Photos Online 27. Rent Your Home or Room on AirBnB 28. Start an Online T-Shirt Business 29. Sell Your Expertise on Clarity.fm 30. Answer Professional Questions on JustAnswer 31. Become a Virtual Assistant 32. Get a Commission-Only Sales Gig 33. Teach English as a Virtual Tutor 34. Guest Post as a Freelance Writer for Niche Websites 35. Write on Medium’s Partner Program 36. Help People with Their Tax Prep 37. Transcribe Audio and Interviews 38. Proofread Articles 39. Private Labelling and Selling Products on Amazon 40. Online Travel Consultant 41. Do Virtual Odd Jobs on TaskRabbit 42. Clean Up Search Engines 43. Enter Online Contests for Company Names and Slogans 44. Get Paid for Being Healthy 45. Write Reviews of the Places You’ve Been 46. Do Data Entry for Companies 47. College Admissions Essay Editor 48. Help New Teachers by Selling Your Teaching Plan 49. Give Your Opinion in Online Focus Groups and Surveys 50. Maintain Artist Fan Pages 51. Look After Other People’s Pets 52. Sell Your Old Smartphone and Other Tech Goods 53. Sell Your Old Books 54. Rent or Sell Your Clothes Online 55. Online Dating Consultant 56. Rent Your Car on Turo. 57. Become an Online News Writer or Columnist 58. Buy and Sell Domain Names 59. Do Data Analysis for Companies 60. Online Personal Trainer or Fitness Coach 61. Sell Your Songs 62. Subcontract Your Extra Work and Start an Online Agency 63. Create DIY or Cooking Videos 64. Edit Videos Online 65. Build a Niche Website 66. Become a Contract Customer Service Superstar 67. Buy an Existing Website 68. Become an Online Notary 69. Run Corporate Workshops 70. Lend Your Voice to Voice-Overs 71. Small Business Marketing Consultant 72. Rent Your Camera Gear 73. Best Apps to Make Money Fast Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.[1][2][3] For households and individuals, "income is the sum of all the wages, salaries, profits, interest payments, rents, and other forms of earnings received in a given period of time."[4] (also known as gross income). Net income is defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions), and is usually the basis to calculate how much income tax is owed. 1. EARNED (ACTIVE) INCOME Definition: Earned income is money earned from working that requires your time. This is the income you receive from actively working. You work and you are paid for your work. Examples: Salary; wages; bonuses; contract work. Tax implications: Earned income is taxed higher than any other income, at a rate of 10%-35%, plus Medicare, Social Security, and other taxes, which can reach close to 50% based on tax calculators and estimators. Characteristics: It’s hard to become wealthy solely from earned income for a few reasons. First, it’s taxed at the highest rate, and second, there are only so many hours in the day for you to work (you can work and work and work, but if you have to be there to make the money, there’s a cap on your income because time is limited). Another downside besides taxes is that once you stop working, the money stops coming in. On the upside, earned income is the easiest type of income to make. You can just go get a job or side job pretty easily in the US and make some money. This is why most people make money this way–it’s easy to do. A great way to switch over into better types of income is to use earned income by putting it into a portfolio or to start a side hustle or business (this is what I did by starting a blog, which is now my full time business). 2. PORTFOLIO INCOME Definition: Portfolio income is money you receive from selling an investment for more than what you paid for it (portfolio income is also referred to as capital gains). Examples: 1) trading assets, like stocks, bonds, and mutual funds, 2) buy and selling real estate, and 3) buying and selling other assets, like a car. Tax implications: Portfolio income is taxed at 10%-20% for investments held over 12 months and taxed as earned income if held less than 12 months. However, portfolio income is not taxed for Medicare or Social Security. Capital gains can be offset by losses on other investments, which is a huge plus. Characteristics: One downside is that for the average person, investing can seem intimidating. This often keeps people away from doing it. It wasn’t until I became a Certified Financial Planner that I really understood what was going on with respect to portfolio income. If you’re just getting started with investing, read this post – 21 tips for investing in your 30’s. Also, this type of income can take a long time to generate if you believe in many of the widely held investing concepts that require buying and holding for years. If you’re a trader and attempt to do it much faster, you better be really good at it, because otherwise, it’s sort of like gambling. You have to have money to invest upfront to create portfolio income. This is a huge reason why people say they don’t invest. You can start with a small amount and contribute to your investments over time, but it requires you to have the capital to do it. If you want to get started with hiring someone to help you with your money, read this post on questions you should ask your financial advisor before hiring her. I like using investing as a supplemental income strategy. I don’t want to retire, but I like the idea that I could if I ever change my mind or it became medically necessary. So, I save and invest as a bit of a safety net, but not as the end goal of retiring as soon as possible. I like contributing to the world through my work, and I also like creating a lot of income. I just don’t ever tie my “hard work” or time to income generated. This way, I know my income potential is unlimited. 3. PASSIVE INCOME Definition: Passive income is money generated from assets you own, where you are not actively working. Examples: Rental income, business income (as long as it’s not earned based on time and effort), creating/selling intellectual property (e.g.: books). Tax implications: Passive income receives the most favorable tax treatment. Characteristics: Passive income is thought to be the key to building wealth. Once you have an investment that generates recurring income, you don’t have to do much to maintain it (so time is not a limitation). Typically, there isn’t much start up cost to passive income that you have to provide yourself. For example, you can use your time to create a business or you can get funding from investors for your real estate properties or start up company. It’s not as easy as earned income, but it’s not as challenging as portfolio income (in terms of start up funds). It takes a lot of money to make a lot of portfolio income, whereas you can generate a lot of passive income with less. I started a blog with the idea of generating passive income (the Smart Passive Income podcast used to be on repeat!). It’s one of the best things I ever did! A FINAL NOTE! Understanding how income works is important because it affects how you go about deciding what results you want with money in your future. Do you want to retire? Do you want financial independence early? Do you want to focus on contributing to the world through your work as an entrepreneur? Do you want money just to be a scorecard of the value you provide? Do you believe that “hard work” and time create money? (So many questions!) These are philosophical questions, but whatever you believe will drive your feelings, which will drive your actions, which will drive your results. So, ultimately, your beliefs drive your results (you can read more about this in the 5 step framework to master your mindset post here). Based on what you choose to believe, you could end up financial independent and retiring very young and living off 4% of your investment portfolio, with frugal values, while traveling, and doing whatever else you want to experience the world while you’re alive. Or, you could end up a multimillionaire focusing on serving the world through your work and never retiring. Completely different results. Both involve a lot of money. What you choose matters. What you believe about money matters. What you do matters. The three different types of income are a way of learning how to use money to your advantage to get the results you want most. This is the way our system works. The sooner you understand how money works, the sooner you can make better decisions that will help you achieve financial success (whatever that looks like to you).

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