There are several ways to earn Lakhs per month. But the main thing is that, How you earn this money will determine your lifestyle. You can broadly earl lakhs per month in 2 ways.
01) Active Income &
02) Passive Income
Active Income is one in which you have to work hard to earn that money. Two Best Examples of Active Income are,
a) Job Income (Salary; Employees)
b) Self-Employment Income (Professionals)
Here you go to the work place as an employee or you are a self-employee such as doctors, lawyers, Accountants, Artists…etc… Here you have to work hard to earn that money. You can earn lakhs of rupees per month by Active Income but the only problem with this type of Income is that, when you stop working, this Income will also stop coming into your pocket.
Passive Income is one in which you don’t have to work hard to earn that money. That money comes from your Assets. In other words, Passive Income means making your money work harder for you instead of you work hard for the money. Two Best Examples of Passive Income are,
a) Business Income
b) Investment Income
Here your Business works for you. If you own any kind of Business than weather you work or not but that money will automatically come into your pocket every month.
Now Suppose if today I stop working behind this Blog than also the Income won’t stop flowing. Because the Hard work that I have already put inside this Blog will generate steady and life long Income for me and my future generations. All I have to do hard work is to grow this Blog and thus its Income.
This is the advantage of owning your own Business. The Same is true for Investment Income. Here also your Income comes from your Investments such as Stocks, Bonds, Gold, Real Estate…etc…
So you can earn Lakhs per month by doing anything means Job, Self-Employment, Business & Investment. But you have to take wise decision in choosing your Income stream if you want to be Free and n’joy your life…!!
