THE BENEFIT OF PASSIVE INCOME
November 29, 2022 2023-04-13 17:21THE BENEFIT OF PASSIVE INCOME
THE BENEFIT OF PASSIVE INCOME
Capital is money, capital is commodities. By virtue of it being value, it has acquired the occult ability to add value to itself. It brings forth living offspring, or, at the least, lays golden eggs.
– Karl Marx
Power Truth
8 And God is able to make all grace abound to you, so that having all sufficiency in all things at all times, you may abound in every good work. 9 As it is written, “He has distributed freely, he has given to the poor; his righteousness endures forever.” 10 He who supplies seed to the sower and bread for food will supply and multiply your seed for sowing and increase the harvest of your righteousness.
2 Corinthians 9:8-10
The Benefit of Passive Income
The Mindset of the Rich
The benefit of passive income is understood by the wealthy. Wealthy people are distinguished by their mindset, attitude, and approach. Passive income is the key to financial success and independence. Passive income is money earned from purchased or created assets that do not necessitate your ongoing time and effort. The key to passive income is that the aids, not you, generate the income. Consider owning several houses, each generating passive income, with the total monthly passive income equaling or exceeding your monthly salary.
The reality is you could retire with this passive income and continue receiving the same income you did before. Passive income frees up your time to retire or pursue other money-making endeavors. Moreover, the wealthy understand this and use passive income to generate – and then grow – their wealth.
Passive Income Leads To Financial Independence
When you create streams of passive income for yourself, you create true financial freedom, not financial freedom where you constantly work to make big money. Financial freedom is the ability to be completely free while earning the desired income. You only have to work once with passive income, and you can profit from that “one-time effort” for the rest of your life.
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