With active income, you are always trading time for money. It is a never-ending loop of working, working, working, that many get trapped in for their entire lives.
Passive income, on the other hand, affords you the opportunity to do the things that you need to do, and even more importantly want to do, without needing to sell your time.
We’ve all heard the expression “find a job you love and you’ll never work another day in your life.” While I’d maintain that old adage remains true it doesn’t take away from the fact that jobs take your time from you. And time is our most precious commodity of all. Hence all the hoopla around passive income.
The truth is, it’s easier to create passive income than most people think. Most people were raised by their parents to work hard, do well, get a good job and focus on growing in their careers. Far fewer were raised to save their money systematically into accounts where their bucks could compound and reproduce themselves.
That’s precisely what my book provides clarity on – the simplified approach to methodically growing your wealth so that it can generate a passive income for you and sets you free from the daily grind of professional life.
You might still wish to work regardless, but what a blessing to be able to choose to, rather than having to. Extra income that comes to you through no active effort of your own really does give you wings, and that’s exactly what I want for us all. FREEDOM!
Freedom to spend your days how you want to, with or without a pay check, knowing that all your bills will be paid regardless, knowing that you can afford anything you want in the day, not caring how much or how little things cost because you’ve actually automated your means of production.
Sounds like a dream doesn’t it? Except that it’s more like a basic inevitable reality than a dream to make this your life when you know how! All you have to do is plan for it, step toward it and fall into the process of multiplying your wealth.
It’s boring and rote on the one hand, and pure magic on the other. You save your money, your money grows, multiplies, and multiplies again and again, generates a passive income stream and then you have the choice to either quit your job, upgrade your standard of living, or both! It’s all about what you desire for yourself.
It takes discipline and time. But that’s all.
Then you get an extra pay check you didn’t go to work for. With the right planning, it could be a larger pay check than the one you went to work for. And that’s the miracle.
In my book “Get Your Money Right” we’ll go through the easy to follow steps to make this happen, so that you too can feel financially amazing.
Because you deserve it, and you owe it to yourself and your family to carve out a life by your design, unencumbered by the constraints you were raised to believe were normal.
There’s a better way for all of us, and I’m here to show you how to make it yours.
Get my book on Kindle here.
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Here’s to your wealth,
Michael W. Hanna
Michael Hanna is a registered representative of and offers securities, investment advisory and financial planning services through MML Investor Services, LLC. MEMBER SIPC. WWW.SIPC.ORG. 420 LEXINGTON AVE, SUITE 2510, NEW YORK, NY 10170, (212) 578-0300. Representatives do not provide tax and/or legal advice. Any discussion of taxes is for general purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. This article is educational and is not advice or a recommendation for any specific investment product, strategy, or service. The views and opinions expressed are those of Michael Hanna only. Any examples used are generic, hypothetical and for illustration purposes only. Investing involves risks, and past performance is not indicative of future results. Clients should confer with their qualified legal, tax and accounting advisors as appropriate.