Saturday 2 September 2017

THOUGHTS ABOUT PASSIVE INCOME




By Eden Attai

Take a few minutes to think about and answer this question. If you earned enough money to take care of your living expenses without working actively, what will you do with your TIME and LIFE?

 I have been in classes where people have given answers such as:

“I will build orphanages and ensure all orphans in my neighborhood are taken in.”
“I will ensure there are no destitute in the land by ensuring there are opportunities to help them survive.”
“I will teach.”
“I will author a book for teens.”
“I will travel around the world.”
“I will ensure I have time for my family, especially the children.”

These are just a few answers I’ve received, and I’m sure you also have a very good thing you would rather be doing. I’ve just one question, though: Why then are we all not doing the things we ought to do?

Life is all about fulfilling the purpose for which we were born and this is usually innate in our desires.


It, however, looks like the majority of the populace are satisfied with making a living instead of making their lives count.


I am sure you feel justified that you should work and make a living. Many of us are lost in making a living in such a way that we may never live a fulfilled life.


How can you get out of this situation?


How can you help yourself to do what you should do?


Active income is good in the short run because you and your family need to eat and drink, put a roof on your heads and be clothed.


You, however, need passive income in the long run.


Passive income is income you make without having to expend your energy and time anymore.
You will have to put processes in place to ensure this is a reality. You will have to plan ahead. It works just like the tap where you get your pipe borne water. As soon as the pipes are laid, water flows from the taps.


Do you have such plans? Will they be long term; say 5 years, 10 years, 15 years, 20 years or even 25 years? Have you ever considered getting to a point in your life where you can decide to follow your passion?


Have you put any processes in place to earn passive income? You can earn passive income from real estate, paper investments (stock, bonds, treasury bills, fixed deposits, etc.), intellectual property, automated businesses and a network marketing business that you have built for more than 5 years.


Are you working towards any of these already? Don’t be comfortable with your wages or salaries alone. One income is not even ideal for anyone. You also cannot guarantee that you will be all strong for as long as you want to work actively. Even if you are, resist the urge to only be a receiver, plan to contribute to your society. 


Start working towards making passive income!

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