Want True Financial Freedom? Consider Passive Income
Have you ever considered an income that keeps coming in while you are sleeping. Do you want to job once and get paid for it over and over again? How will you like to take a cruise to the Caribbean knowing that you do not have to return to a job. If you want all of these, then you need to learn how to generate income an income that is passive.
Imagine income that that you keep earning even when you are not physically working. Would you like to be paid again and again for past work? Imagine earning an income that does not require your active participation? Yes, this can be achieved and many are receiving this type of income. If you work at it, you could create passive Income and it is not an idea that is far fetched.
Think about this situation; you've decided to give yourself a holiday and you have decided on the Bahamas for a month or a cruise around the caribbean. You do not have to ask for leave from an employer. Again, think of this; you wake up in the morning knowing that whether you work or not, you are secure financially because you have income coming in that requires little or no work. You can choose to take the whole day off to spend time with your family if you want. No one calls you to ask you why you are not coming to work.
Why should you choose passive income?
Majority of people grow up with an employee mentality. Our parents tell us that the best way to make a headway in life is to go to school achieve good grades and find a nice secure job. The problem with this advice is that we a heavily reliant on an income that constantly requires our effort, attention and sweat. It you are working 9-5, you must wake up to the sound of an alarm bell, make the usual dash to the office to avoid being late, we are only allowed a limited time to be off sick. Think about this, how long will your employer pay you if you decide to stop working. The answer is not very long. We know that mortgage payments do not stop because we are no longer have an income. This is the reason why we need to learn how to become financially free. Robert Kiyosaki the author of Rich Dad, Poor Dad asked pertinent question, how hard is your money working for you? Because of a lack financial education, most people do not know how to make money work for them.
What can gain from having passive income?
Passive income allows you to decide when you want to work and when you want to take time off. Your time is your own. I like the sound of that. A passive income can free you from the inconvenience of waking up when someone else decides you should. You can take vacations whenever you want and you decide how long you will be on holidays for. You do not have to not worry about coming back to a job. One major reason I wanted to learn more about passive income was because I wanted the opportunity to be a full time dad and husband. I want to spend real quality time with my wife and kids. I do not want an employer to decide when I do this.
It gives you the time to pursue other interests. I sometimes picture Richard Branson flying around the globe in his parachute in a quest for a new world record. Think of what you want to do in life that you are passionate about and imagine being able to pursue this activity or interest without the constraints a job will impose on you. What stop most people living life as they want to is lack of time and money.
Futhermore, should anything happen to you, your children can inherit it. You cannot leave a dental practice to your children unless they are trained dentist. So, heavens forbid you die, your business dies with with you. If you have a business that runs independently of you your children can become the inheritors.
Passive income makes your life less stressful. One of the common problems of being a long time employer is stress and burnout. People become tired of the routine of waking up in the morning to do a job they hate. Stress related illness which pressures of work causes are common in a lot of jobs. A passive income sets you free from all of that.
If your income is passive, you decide how much you want to earn. In contrast if you have an active income, you employer decides in most cases how much you are worth. If you are an employee, for instance, Your employer will put a figure on what they think your skills are worth. You do not determine this they do.
You can also contribute significantly to worthy causes and make a huge difference in the world.
If you trully want to enjoy life and become free of a stressful job, I seriously urge you to consider learning how to create passive income. Unfortunetly, most people have not been trained in financial education continue to go through the paid job route. They slave on a job for the next 30 to 35 years and find out later in life that they have given the best part of their lives to an employer. I think this is sad as there are ways to liberate ourselve from financial slavery. Do not let an employer steal the best part of your life. Seriously consider passive income as an income option. Learn ways to create passive income. Believe me it is worth it.
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ABOUT THE AUTHOR
Ajibola coaches business owners on the best strageties to use to develop an online business. He owns his own a home business. He also enjoys writing articles on self development and self improvement. Ajibola is married and has two young children. You can visit his blog at http://www.ajibolaobe.com