Do you know that, it is now possible to create passive income in your twenties.
But first of all, let us understand that What it means by Passive Income? -
Well, there are basically two types of Income – Active & Passive. Active Income is one which requires your physical (or mental) hard work to generate. Say for Example, the Income from your Job. Each month you receive a Paycheck and that is your Active Income. Because if you have to work hard to get that Income. If you don’t work, you won’t receive that Income.
Now, Passive Income is one which flows in your pocket without your active effort. Say for Example, Rental Income, Dividends, Interests, Business Incomes, Investment Income…etc… Passive Income is the Income which generates from your Asset. So you don’t have to work hard every month to receive that Income and even if you stop working, Passive Income will continue flowing in your pocket.
Of course, you have to work hard initially to grow your Passive Income streams. But once it will be developed, it will constantly flow in your pocket without your much effort.
Remember, Rich people focus on building Passive Income. They know since early of their lives that, only Assets can generate Passive Income and that’s why they start building & acquiring assets since their early life.
So How to create Passive Income in your Twenties? -
Well, you will be surprised by knowing that, it is possible to create Passive Income in your Twenties. Previously (Before 1990), it was nearly impossible to create Passive Income in your twenties but now it is quiet possible.
How? …Well you can create Passive Income in your Twenties by developing a Successful Internet Business. Take the Example of myself & This Blog. I am in my twenties and I have developed this Blog and now this Blog generates a steady passive Income every month for me.
Of course, I had to work very hard initially to develop this Passive Income stream. Without initial efforts, you can’t develop a passive Income stream. And to grow this Passive Income, I am still working hard.
But the Best part about the Passive Income is that, suppose if today I stop working, than it will stop growing… That’s it…. But the effort & time that I have already put inside this Blog will still generate a steady Passive Income flow for me every month. And yeah…. suppose if I continue to work hard, than this passive Income stream will grow like anything.
After few years, suppose if I stop working, I will still have an Income (Passive) but those of my friends who have chosen to work for Paycheck won’t stop working even though they don’t want to do that work. Because if they stop working, They will have to loose that entire Income stream because it is the active Income stream…..
So Work Hard for Passive Income since very early in your life & Believe me…. You will be ahead of those who work for Active Income….!!!!
But first of all, let us understand that What it means by Passive Income? -
Well, there are basically two types of Income – Active & Passive. Active Income is one which requires your physical (or mental) hard work to generate. Say for Example, the Income from your Job. Each month you receive a Paycheck and that is your Active Income. Because if you have to work hard to get that Income. If you don’t work, you won’t receive that Income.
Now, Passive Income is one which flows in your pocket without your active effort. Say for Example, Rental Income, Dividends, Interests, Business Incomes, Investment Income…etc… Passive Income is the Income which generates from your Asset. So you don’t have to work hard every month to receive that Income and even if you stop working, Passive Income will continue flowing in your pocket.
Of course, you have to work hard initially to grow your Passive Income streams. But once it will be developed, it will constantly flow in your pocket without your much effort.
Remember, Rich people focus on building Passive Income. They know since early of their lives that, only Assets can generate Passive Income and that’s why they start building & acquiring assets since their early life.
So How to create Passive Income in your Twenties? -
Well, you will be surprised by knowing that, it is possible to create Passive Income in your Twenties. Previously (Before 1990), it was nearly impossible to create Passive Income in your twenties but now it is quiet possible.
How? …Well you can create Passive Income in your Twenties by developing a Successful Internet Business. Take the Example of myself & This Blog. I am in my twenties and I have developed this Blog and now this Blog generates a steady passive Income every month for me.
Of course, I had to work very hard initially to develop this Passive Income stream. Without initial efforts, you can’t develop a passive Income stream. And to grow this Passive Income, I am still working hard.
But the Best part about the Passive Income is that, suppose if today I stop working, than it will stop growing… That’s it…. But the effort & time that I have already put inside this Blog will still generate a steady Passive Income flow for me every month. And yeah…. suppose if I continue to work hard, than this passive Income stream will grow like anything.
After few years, suppose if I stop working, I will still have an Income (Passive) but those of my friends who have chosen to work for Paycheck won’t stop working even though they don’t want to do that work. Because if they stop working, They will have to loose that entire Income stream because it is the active Income stream…..
So Work Hard for Passive Income since very early in your life & Believe me…. You will be ahead of those who work for Active Income….!!!!
