Having a job is good. You wake up go to work, do your job and you get paid for your work at the end of the month. This is a good start to your journey towards financial success, but it is only a start. The problem with a job is that once you stop working, you stop earning money – this is not good ! You really don’t want to spend your whole life slaving away for money do you?

What you want is a situation where you earn money whether you are working or not. What you want is to earn Passive Income, this way you are free to work because you want to work not because you have to work. This is Financial Freedom. A lot of people have become slaves to their employers because after all, the bills are piling up every month and we all know that “He who has the gold makes the rules” your desperation for money will keep you slaving away for a very long time!

When you receive your income, instead of spending it all (like most people do) try to think of ways to invest it so that it earns you more more money. This way, your money works for you instead of you working for your money. Failure to do so will keep you in the “rat race” where you go through the never ending cycle of chasing money through a job for the rest of your life – Never achieving Financial Freedom.

Building a system which will earn you Passive Income is easier said than done but it is well worth the time and effort, here are a few ways of earning Passive Income:-

  • Network Marketing – This is one of the most affordable business ventures available. You build your business with the support and guidance of a team. Network Marketers like to say, “You’re in business for yourself, but not by yourself”. There will be some hard work to be done at first, but after a while your business starts to grow exponentially without any further effort from you. You will then be earning Passive Income. Two of the best Network Marketing Business Opportunities in South Africa are Amway & Herbalife, do your research on both before jumping in! There are many books out there to teach you how to be successful in Network Marketing.
  • Start a Business – Use your extra income to invest in a business venture of your own. At first you’ll have to do all the hard work but eventually you can employ other people to operate your business and you will be earning Passive Income because the work is now being done by other people. If you would like to build your own business system, one book you absolutely have to read is The E-Myth Revisited by Michael E. Gerber.
  • Invest in Property – The money you earn from rentals will be Passive Income as it comes to you every month without you having to work any harder. Again, there are many books out there to help you with real estate investment.
  • Invest in the Stock Exchange – The Johannesburg Stock Exchange is the engine room of the South African economy. Dividends earned from investment are Passive Income. There are many books out there to help you with Investing in the Stock Market.

A good book on the subject of Passive Income is
Cash Flow Quadrant by Robert T. Kiyosaki check for it at www.clemstone.co.za

See see:  Being Rich Vs Being Wealthy

Bookmark and Share