How To Create Multiple and Passive Streams of Income
The concept of creating multiple and passive streams of income is appealing to most people and yet very few people know how to create a system that runs on auto-pilot, that will give them residual income, month-after-month, whether they work, are asleep or on vacation.
As a person with over 20 streams of passive income, I want to share with you a few of the most important steps to take to get started.
Because I see so many people struggle financially, I have decided to create a course about how to create 20 Ways To Generate Passive Income. The course is currently being produced and will be ready to launch in just a few weeks. Go HERE to find out how you can pre-enroll in the course now for only $27. Once the course launches it will be around $200. So enroll right now. I'll even send you a free ebook on how to create your first passive income stream.
Your Most Important Success Ingredient
The most important thing to create and maintain passive income is your mindset. Of all the ingredients necessary to creating passive streams of income, this is by far the most important step to take. Most dismiss this step as unimportant, which is why they find themselves right back on the same hamster wheel working for someone else. To top it off, then they say things like: “I knew it was too good to be true.” And they dismiss creating passive income streams as impossible.
You must change your way of thinking and it starts with shifting from believing that you must trade time for money. You work 40 hours a week, plus or minus. Some even work 60-80 hour weeks or more. I know I used to. And somehow there is a faulty mental wiring making us believe that the more we work, the more we earn and the harder we work the more we earn. And that we only can earn a living when we actually show up at a desk somewhere.
Nothing could be farther from the truth. Quite the opposite is true actually!
You breathe in-and-out 24 hours a day, whether you're asleep or not. Sometimes you may breathe consciously (when you're doing breath work or when you meditate), but most of the time you breathe completely on auto-pilot, such as when you're asleep.
Since money is a means of exchange that humanity has created to show value for a service or product, doesn't it then also make sense that when you create a product or service, that you get paid for it again and again?
Who Is Smarter?
Think of a software developer hired by a high-tech company. He gets hired to write a computer program, which the company then sells as a software program to the world at large. The company is the smart one in this instance. Because they have figured out how to have the software programmer write a code that will then give the company the right to re-sell the final software program again and again and again. The developer, however, was paid only one time for his original time to write the code in the first place. And yet, it's really the programmer with the smarts to write the code in the first place. What the company has on him is the smarts to set-up a system that will bring them passive income for years to come. Not only that, but they continue paying the developer to improve upon his original system and create new versions of the same product. Now that's what I call a rat race.
Developer = trading time for money
Company = passive income from software program created by the developer
Do you see the dilemma here?
It's a mental mindset that must shift within you before you will ever manage to create passive streams of income.
Choose a Vehicle
Once you have changed the way you think about money, where it comes from, how it flows, and trading time for money – and you are ready to create passive income streams, that's when you're ready to package a passion of yours into a vehicle that will then deliver your expertise to a world that is hungry for what you have to share.
Know Your Personality
One of the things I'll be covering in this course is the various different personality types and what vehicles of passive income streams fit your specific personality type best. Let's face it, if you're a shy introvert, getting in front of a camera may be the last thing you want to do, right? You may prefer writing or designing or working behind the scenes.
So how do you take your preference, your personality type and your specific skill set and choose a vehicle that you then can set up on auto-pilot?
That's what this new course is about. Pre-enroll in 20 Ways To Generate Passive Income today for only $27. I'll even send you my free ebook on how to create your first passive income stream.