I started to think about how my life would look like in five years time. What would I need to change to make it better than it is currently?
The Dream Lifestyle
As I was coming into work, the trains on the central line were delayed by over 30 minutes. There was an announcement made “There are severe delays on the central line resulting from a shortage of trains”.
I started thinking to myself “Why is there a shortage of trains?”. The fares increased every year and also there are more passengers using the central line. There a also many strikes every month, resulting in no trains. There are signal failures on a regular basis, causing delays.
I also experience severe delays on the bus journey to and from the train station on most days. It is a struggle getting on the bus and the train as it is packed.
The money from the fares has not been used to improve the public transport service in London. Travelling back and from work as become a major mission.
I knew that I would have to continue with this struggle, unless I did something about it. What if I did not have to experience this nightmare journey daily… what if I did not even have to work at this job anymore!
The dream lifestyle that I would like to create will not involve working for an employer. I would be free to work on things that I am passionate about, without having to worry about money.
I would live in a neighborhood that is peaceful and surround myself with people that I enjoy being around. I will have money coming in every month to enable me to cover my expenses.
I will be in a position to travel to wherever in the world that I choose, without having to worry about expenses. My dream lifestyle would involve me having and doing many things, experiencing the joys of living.
What would your dream lifestyle look like?
I am going to address the money issue in this post. I want to get to a position where I don’t have to work for money. I want my money working for me.
I also want to offer this dream to others who are willing to take action to transform it into their reality.
Replacing Active Income With Passive Income
Most of us are stuck in the trading time for money loop. We work for an employer or are self-employed earning an income at the end of the month or week based on the number of hours we have worked.
The routine is go to work, get a wage, pay the bills. We are just trading our time for money, working just to pay the monthly expenses. This trading time for money is know as active income. You need to actively do something or be at a location to earn this form of income.
Active income will not make you wealthy or enable you to achieve more time freedom. It will just enable you to work and pay your bills, until you cannot work any longer.
Passive income is where the money comes in regularly, based on work that you have done in the past to build a business, and you no longer need to be present in the day to day running of the business.
You can also earn passive income in the form of rental income from properties that you own. You can also earn passive income in the form of dividend payments from stocks and shares that you own.
Active income eats away at your time and passive income provides you with time freedom. Your goal is to create streams of passive income whilst earn active income. By doing this you will be able to move away from earning active income (trading time for money) to relying on passive income to meet your financial needs.
In simple terms…. build passive income whilst working at your current employment. Initially you will be working a full-time job, whilst building your passive income on a part-time basis.
Developing The Passive Income Mindset
It is difficult to move from earning active time to earning passive income. We are taught at school to get a job and work for 40 or so years and retire. We are conditioned into trading time for money.
School does not teach you much about investing and building passive income streams. Most of our parents would have lived the trading time for money lifestyle. They would not have know much about creating passive income streams.
With all the active income conditioning, it will take some time for you to get used to the idea of creating passive income streams. If you are fed up working a job that involved trading time for money, there is not much point in moving from one trading time for money job to another. They pay maybe slightly higher, but you will still be trading your time for money.
You need to look at ways of building passive income streams. If you have a large amount of money to invest, you will be able to build passive streams by purchasing properties (rental income) and divided paying stocks.
In reality the vast majority of people are earning just about enough to cover their monthly expenses. They don’t have much money left over at the end of the month to invest.
Applying good budgeting strategies may enable the to come up with $100 to $300 monthly to use in building passive income streams. This is not enough to get you onto the rental income game or to enable you to earn large dividends from stocks and shares.
You need to look for a way to start building passive income streams that are low cost and offer a high amount of leverage. You will also not have much time to invest in building your passive income streams.
I am currently working as a corporate security officer. I have managed to free up around $200 to invest on build passive income streams every month. I can only devote 1 hour daily to work on building my passive income dream.
I have started on my journey towards building a substantial monthly passive income using the internet. I invite you to look at this option and see it it is something that you would like to do.
Building Online Passive Income Streams
I am building 5 passive income stream using the Plug-In-Profit Site. You can get this marketing system for free and work on it on a part-time basis.
I am putting in one hour daily to build my online passive income streams. I have budgeted $200 monthly towards investing in this venture.
This system offers a large amount of leverage to enable you to earn a substantial monthly passive income within 12 months. There is a lot of marketing work involved, but if you are willing to put in the time and effort, you will be rewarded with 5 streams of monthly passive income.
I started with the Plug-In-Profit site a couple of days ago. I have my own version of the site at: https://copy4wealth.com
I invite you to take a closer look at this by clicking here, if you like what you see, get started immediately. I will work closely with you to help you build your own streams of online passive income.
Sometimes in life you need make a firm decision and take immediate action to transform your life. I had been smoking for many years, but back in 2013 a made a firm decision to quit and have stuck to my decision.
I tried quitting smoking many times before that, but I always ended up smoking again. That day in 2013 was a turning point, as I made a firm decision to stop smoking. I knew immediately that I would stop, I fought every temptation and craving. I don’t feel like smoking anymore.
This is the type of decision that you need to make to become successful at anything. I know that I have made a similar decision when I set a goal of building a monthly passive income of over $5,000 using the internet by 31st December 2024.
Taking Consistent Action
You will get the marketing system for free, but you will need to carry out the marketing. You will get the knowledge passed onto you, but you will have to act on it.
It’s all about taking consistent daily marketing actions to create the momentum that will get you to your desired amount of monthly passive income.
I have set a goal of building a monthly passive income of over $5,000 by 31st January 2024, using this system. I will take action every day to wards reaching this goal.
I only have one hour daily to work on this goal, I cannot afford to miss my daily schedule. I will be taking action on this daily for the next 100 days. If you want something bad enough, you will have to make the sacrifice.
I will not let the comfort-zone rob me of this dream of building passive income streams using the internet. I know 100 days of consistent marketing effort will make it into a habit and deliver the results.
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