In this day and age we’re all chasing after that lifestyle where we only have to work 2-4 hours a week and the rest of the time we play. This is without a doubt, entirely possible, and there are many gurus or coaches that are able to help you create that life. But let’s take a step back real quick and get into what passive income is.
Passive income, for those that are starting out, is a source of income where someone would continue to receive a sizable income without having to put in the usual 8 hour work days. Thus allowing you to have more free time to do other things you’d rather do. And because this is highly sought after there are tons of people giving you a “how to”, in achieving this lifestyle. But the problem is that most people who share this information purposely hold back on several details that are crucial when trying to create a passive income.
There are people who make you believe that you’d be able to achieve a passive income after completing a couple of steps, but they tend to forget to include several important points. One, for a fact, is that creating a passive income does not happen overnight. Another is that there is a need for a lot of upfront work. Lastly, passive income is not just a set and forget method.
Without informing you of these details they are setting you up for failure, because you begin to develop a set of expectations and when those expectations aren’t met, you might lose the desire to continue developing a passive income. But don’t worry because I’ll help you create a stable foundation needed in order for passive income to generate.
Put in the work
First and foremost, in order to have this lifestyle you’ll need to put in work in the beginning as nothing can be built out of air. This is actually the easy part, if you can believe it, because in the beginning you have the drive, the motivation and the commitment to make it all work. But think of it like this, in order for you to have more time for yourself in the future you first need to put in more of your time in this journey.
Be patient
Implementing a system that is able to send you money periodically you will need time to complete. You will need to continue to build upon what you currently have, stacking brick after brick. Because in reality you will need to support the journey before it can support you. And that’s not easy to do, it requires patience, commitment, dedication and focus, but if you are patient enough you will no longer need to work long hours.
Put in the Work Again
Lastly, once you create that passive income you cannot just leave it alone. You’ll have to continue to put in work maintaining and scaling as you go. If you leave your journey to function on its own it will come to a point where you’ll notice a decline. Whether it’s through performance or in the amount that you receive, something will begin to slow down. Therefore to ensure consistency you will need to put in some work. Whether if its checking in ensuring all procedures are followed, or making sure
If you agree and accept the terms above then you are ready to take the first step towards achieving the life you want.
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