The Secret of Passive Income
Ask anyone whether they are interested in increasing their wealth, and all of them will say yes. But ask them if they are serious about it, and half will shrug. Those people who are truly committed to action will make a real difference in their own lives. The major difference between the wealthy and the poor is that wealthy people take action (since they are committed to their wealth), whereas the poor are people who tend to think about change, but rarely take the actions necessary to make it.
If you are serious about increasing your wealth, then you are going to want to read this article, because it's the starting point - this is where it all gets very serious, and where change will follow. Are you really committed? As you are still reading, you must be. Many people have heard of "passive income" but very few fully understand what it means. Passive income is defined as income that you do not have to work for. In other words, if you are on a sunny beach vacationing with your family, you can still be earning money.
The key to generating ongoing and growing wealth is to work for passive income, instead of working income. For example, if you are a Doctor, Lawyer, Waiter or Astronaut, once you stop working, you make no money. Your working income is gone. You may have plenty of money, but you don't make more unless you put on your work clothes, get in the car, and go to work. The rich tend to focus on earning passive income instead, so that their wealth grows each day, whether they go to work or go to the Riviera to work on their tan. And that is why the rich keep getting richer while everyone else gets poorer. Do not think that building passive income is easy - it's not, it all takes planning and commitment. Let's think of it another way - you could spend 40 hours this week working for an insurance company as an office clerk, and you might make $10 or $12 an hour at the end of it. But spend 40 hours working on building your passive income and you can get that $10 or $12 an hour (or much, much more) rolling in all day, every day - even on weekends!
Imagine earning $400 before you even get up in the morning. Imagine earning $50 as you eat breakfast. Imagine going on holidays for a week and coming home to find a check for $2000 in the mail. That's passive income. So how can you make this happen? Well, step one is to not quit your day job, as it will take some work before you are able to live off of your passive income and quit the 9-5.
Building passive income is long-term thinking - not short term, so in the meantime you need to keep paying your bills. But remember, the wealthy are those that take action. The poor are those that come home from work and 'switch off". The wealthy take action. If you are serious about increasing your wealth you will too.
About the Author
Sonia Dixon is a book reviewer, coach and author. Affiliate Programs are just about internet marketing, business, autopilot, residual income and a new affiliate program, or starting an affiliate program.
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