How nice would it be to sunbathe on a beach somewhere? To live the dream? To work as little as possible but still earn money? Passive residual income allows money without the tedious routine of a nine to five. There are two aspects to it. The first part is putting little to no effort and the other is having a lot left over after expenses and financial obligations. It could be anything from stocks to real estate. The model one chooses must provide the maximum amount of benefits with the least amount of work.
The best thing about such financial models is that they allow for freedom. They allow flexibility to do whatever. To spend above the pay grade. Whatever one desires, they can afford. One gains freedom from financial stress. Freedom to take career risks. Just freedom.
Opportunity will rarely ever knock a second time. Worthy opportunities will often require money and time. With a model that allows for leftover money, one can answer the door to whatever opportunities they deem fit. It takes money to make money. With this option, one can work to deepen their financial well. Ever hear of the employee who commented on a car owned by the boss? The response was that if they work hard enough, the boss will get a new one the next year.
Stress is one of the six leading cause of death in the world. It causes disease and even road accidents. Most of that stress is caused by a work-related issue. Be it workload, lack of job security and in some cases stress from having to juggle too many work responsibilities. No need to die for something on is not passionate about. Once one has identified a model that will work for them and the model has begun bringing in the cash, they can relax and find something worth doing. The model will leave some time to go to the gym and just take care of their health and family.
A good percentage of the adults in the world dream of pretty basic things. A private school for their children. A house that has separate bedrooms for each child so they will stop sharing a mattress on the floor. Better medical cover for the family. New clothes and shoes. Others dream of helping the beggar around the corner or feeding a hungry homeless child. These can turn to realities with a little imagination and research.
The first thing should look for in a model is consistency. This is key. It will ensure that one does not go knocking around for jobs in their sunset years after enjoying life. Consistency means a steady supply of money for as long as one lives. Probably after, you know, for the children and their children.
How long will the model pay out? Is there a cap? Is there some sort of renewal required? Will it require some work in the future to ensure money keeps coming in? How much will be paid out? Will this amount stay constant?
The best models are those that allow different ways to earn. Take a book, for example. Once one writes a book, they will earn royalties for a long time. They can still earn from making appearances. They can make money if their book is turned into a movie or play.
The best thing about such financial models is that they allow for freedom. They allow flexibility to do whatever. To spend above the pay grade. Whatever one desires, they can afford. One gains freedom from financial stress. Freedom to take career risks. Just freedom.
Opportunity will rarely ever knock a second time. Worthy opportunities will often require money and time. With a model that allows for leftover money, one can answer the door to whatever opportunities they deem fit. It takes money to make money. With this option, one can work to deepen their financial well. Ever hear of the employee who commented on a car owned by the boss? The response was that if they work hard enough, the boss will get a new one the next year.
Stress is one of the six leading cause of death in the world. It causes disease and even road accidents. Most of that stress is caused by a work-related issue. Be it workload, lack of job security and in some cases stress from having to juggle too many work responsibilities. No need to die for something on is not passionate about. Once one has identified a model that will work for them and the model has begun bringing in the cash, they can relax and find something worth doing. The model will leave some time to go to the gym and just take care of their health and family.
A good percentage of the adults in the world dream of pretty basic things. A private school for their children. A house that has separate bedrooms for each child so they will stop sharing a mattress on the floor. Better medical cover for the family. New clothes and shoes. Others dream of helping the beggar around the corner or feeding a hungry homeless child. These can turn to realities with a little imagination and research.
The first thing should look for in a model is consistency. This is key. It will ensure that one does not go knocking around for jobs in their sunset years after enjoying life. Consistency means a steady supply of money for as long as one lives. Probably after, you know, for the children and their children.
How long will the model pay out? Is there a cap? Is there some sort of renewal required? Will it require some work in the future to ensure money keeps coming in? How much will be paid out? Will this amount stay constant?
The best models are those that allow different ways to earn. Take a book, for example. Once one writes a book, they will earn royalties for a long time. They can still earn from making appearances. They can make money if their book is turned into a movie or play.
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