Friday, June 22, 2018

Passive Residual Income Is Better Than A Wage Or A Salary

By Diane Johnson


Life is too short to work for anyone. Freedom from work means money working for a person and not an individual working for money. It is either one builds his dreams and he starts earning passive residual income on autopilot or he gets hired by someone else to build the person's dreams and becomes a slave of the monthly paycheck. That is the ultimate reality of life. On one hand, there is freedom from work and all the perks that come with it including retiring early and exploring the world. On the other hand, there is the cold, bleak reality of employment.

Without a job, one will desire to find a job that will provide him a salary or a wage. However, a job will eventually become repetitive in no time. It will become boring. One will have to spend all his day chasing a salary. There will be the boss who is just intolerable. One will become tired of tracking hours.

A passive income is not active in any way. The only thing that an individual has to put in place is a money earning system. After the system is set up, one will be automatically earning money without doing any job. This is simply the best kind of income. Actually, it involves money working for a person.

When works for money, an individual is simply in the rat race. All his focus will be on how to earn the next paycheck. If one is not in employment, he will always be thinking on how to get the next gig and that will be a stressful affair. Employment will eventually wear out a person and completely drain his energy.

In the past, employees could look forward to a blissful retirement after many years of toil because retirement incomes were sufficient to cater for retirement needs. Presently, that is not the case. Modern day retirees usually find out that their retirement savings are hardly enough and they have to make the hard decision of going back to work so that to survive.

One should not work for cash. Instead, money should work for an individual. That is the best way to live life to the full. With such an ideology, one will no longer need a job and he will end up quitting his job and subsequently engaging in other meaningful, more profitable, and more fulfilling life ventures. Employment is simply slavery.

After getting a job, one should start building passive income sources that will eventually make it possible to quit the job and do other meaningful things. First and foremost, one should invest in stocks. The shares invested in will appreciate in value even when an individual is sleeping. Investing in rental properties is also a great idea worth implementing.

Working for an entire lifetime is not the best thing that an individual can do. People need to stop relying on salary and learn to rely on things like dividends or rent. A salary will have to be actively earned. On the other hand, dividends will be passively earned, each and every year. One will not have to do any work to earn his yearly dividends.




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