What is passive income?
Updated: Oct 29, 2021
You’ve heard me talk a lot about what a blessing passive income has been for me, but what even is passive income? The first time I heard that term I had no clue what it meant, but I thought it sounded like an oxymoron.
I'm so glad I was wrong!
Passive income is a way of earning money that requires little to no daily effort.
Doesn't that sound amazing? Work less, earn more.
Does it sound too good to be true?
Being an eternal skeptic I can understand why you might feel that way, but I have good news! Enthusiastic skepticism is the perfect partner to boundless optimism! So feel free to be skeptical and analyze this business model, but also open your heart to the possibility that this opportunity is out there.
Let’s dive in...
Here are some examples that you probably didn't realize were considered passive income:
Amazon FBA (Fulfilled by Amazon) is my passive income of choice!
Different strokes for different folks, but what they all have in common is that the earner expels very little effort to grow the income. You are making money while you nurse your baby or binge Netflix or whatever it is you like to do besides working!
If it’s so easy, then why isn’t EVERYONE doing this?
Not everyone has an entrepreneurial spirit. Striking out on your own can be a scary endeavor and lots of people just don't have the courage to make themselves vulnerable or accept the reality that they might fail. The people who seek freedom and can embrace calculated risk carry a spark to blaze their own trail. That is what lives inside an entrepreneur.
I am totally one of those weird ones.
Maybe you are too.
All passive income businesses have this in common: They ask you to invest time on the front end to get things up and running, so that on that back end the business can be hands off requiring very little of your time on a daily basis.
Hustle for a short time to then reap the benefits for years to come!
Does passive income sound like the perfect fit for the season you are in?
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