Ask any adult if their dream as a child was to work 50-60 hours per week, just to be able to make their bills, and they will all adamantly tell you no. The problem with modern day society, is most people were not taught any examples of passive income when they were younger. Therefore, they slave away at a nine to five job, never truly getting anywhere.
The problem that most people in modern day society have, is they tend to overcomplicate the task of making money. Many individuals are taught from an extremely young age, that in order to make money, they have to work for an elongated frame time, until they reach a certain age, then they can retire. These individuals are not taught about the other unconventional ways, that money can be made.
Individuals that come from affluent families, are taught at an extremely young age, about passive income streams. They watch their parents, and their grandparents, make money work for them. While, lower class and middle class individuals, are forced to work hard, and have their money work against them.
Three of the most common examples of earning money that you do not have to work yourself to the bone to receive, is to get money through selling tangible products, owning a business, and owning stocks and bonds. Although all of these specific things, will help you earn money, without doing strenuous labor, the money earned is earned in a different way that individuals are accustomed to. First, let's look at how to earn money from selling tangible items.
Earning money from doing one task, and being able to sell the products that were generated from doing that one task, is actually a simple process. Typically, writers, musicians, and inventors, earn money in this manner. A writer will spend a considerable amount of time, composing a book, and then once they sell their book, they receive money from their hard work. The process repeats itself.
In order to be able to earn residuals in this manner, you have to possess some skills first. You will need to be able to write, or sing. You will need to write or sing something that people want to buy as well. Which brings us to the next way to earn residuals, and that is to own a business.
Business owners are able to do this, because they create a product or service that the public wants. Anytime that someone purchases the product or service, the business owner will make money from the sale. They will repeat this scenario again and again. Plus, they typically do not have to do anything to make their business work for them, in most cases, they hire workers to do the strenuous work for them, and vast in the money that they are earning.
However, when it comes to stocks and bonds, you need to realize that you are taking a risk. Stocks and bonds can fluctuate in price. Selling tangible items, owning a business, and investing in stocks and bonds are a few great examples of passive income.
The problem that most people in modern day society have, is they tend to overcomplicate the task of making money. Many individuals are taught from an extremely young age, that in order to make money, they have to work for an elongated frame time, until they reach a certain age, then they can retire. These individuals are not taught about the other unconventional ways, that money can be made.
Individuals that come from affluent families, are taught at an extremely young age, about passive income streams. They watch their parents, and their grandparents, make money work for them. While, lower class and middle class individuals, are forced to work hard, and have their money work against them.
Three of the most common examples of earning money that you do not have to work yourself to the bone to receive, is to get money through selling tangible products, owning a business, and owning stocks and bonds. Although all of these specific things, will help you earn money, without doing strenuous labor, the money earned is earned in a different way that individuals are accustomed to. First, let's look at how to earn money from selling tangible items.
Earning money from doing one task, and being able to sell the products that were generated from doing that one task, is actually a simple process. Typically, writers, musicians, and inventors, earn money in this manner. A writer will spend a considerable amount of time, composing a book, and then once they sell their book, they receive money from their hard work. The process repeats itself.
In order to be able to earn residuals in this manner, you have to possess some skills first. You will need to be able to write, or sing. You will need to write or sing something that people want to buy as well. Which brings us to the next way to earn residuals, and that is to own a business.
Business owners are able to do this, because they create a product or service that the public wants. Anytime that someone purchases the product or service, the business owner will make money from the sale. They will repeat this scenario again and again. Plus, they typically do not have to do anything to make their business work for them, in most cases, they hire workers to do the strenuous work for them, and vast in the money that they are earning.
However, when it comes to stocks and bonds, you need to realize that you are taking a risk. Stocks and bonds can fluctuate in price. Selling tangible items, owning a business, and investing in stocks and bonds are a few great examples of passive income.
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