Since February 2021, I have been living on passive income. The salary income is directly transferred to the account related to the house, which is used to pay all the bills related to the house, such as mortgage, land tax, property, etc.
At that time, I began to dream of financial freedom at the age of 40. I think if my passive income can cover my living expenses now, and I don't have a mortgage later, once my passive income can cover all my expenses, won't I be financially free?
It was with this idea that in October 2021, I started to immerse myself in the mode of creating passive income, and I am single-mindedly moving towards my dream of creating a passive income channel that can bring me enough to cover all my daily expenses.
At the age of 33, I began to pursue financial freedom with the dream of a passive income of 10,000 yuan per month. Now 37 years old, I have also achieved the small goal of having a passive income of 3,000 yuan per month from scratch. There are 4 years left and 40 years old, and I believe that with my continuous efforts, I will definitely be able to realize my dream of having a passive income of 10,000 yuan per month.
While learning, while practicing, while recording, while sharing, today I will share my own practice to find out, suitable for everyone to lie down and earn money tips.
1. Do what you can do well and earn a stable active income.
Active income, passive income, many people are not clear. Everyone thinks that if you want to pursue financial freedom and create a passive income channel, you can't do your job anymore and you can't work so hard to earn an active income.
I don't agree with this idea. I have previously shared in the 4 ways to make money that light up my money world, the money that can be saved by active income is the most reliable, the most primitive, and the best way for us to achieve passive income.
Since I started working 10 hours a day and 60 hours a week, I often go to work until my legs are shaking. When I got home, I had to soak in hot water for a while before I felt tired. Many people say, why do you have to work so hard to do this job?
Only I know that this job is the best job I can do right now, the fastest way for me to earn an active income, and the best way for me to accumulate the principal I need to achieve financial freedom.
If you have a job that can bring you a stable income every month, please cherish it, and at the same time, save money well, and you will definitely be able to achieve your dream of financial freedom.
2. Choose what you like and stick to it and open up passive income channels.
Someone in the financial companion camp asked me, how can I open up a passive income channel?
The advice I give is: do what you are good at, and turn what you are good at into making money for yourself. Do what you love and turn what you like into something you can make money for.
Every time I share that I have read a new book, many people will say, "Why do you love reading so much?" Actually, I don't really like reading books very much, but because reading books can make me more money, and making money is exactly what I like the most.
Keep doing what you like, share the 50% knowledge you know with the 30% people who don't know the 50% knowledge, and you will find that the money is there, waiting for you to get it.
3. Invest in your brain to earn a long-term and stable income.
There's a word that comes to my mind a lot lately and talks to me called "wealth thinking."
I really didn't realize the importance of money thinking for people to earn money before. Now I am constantly reading financial books, chatting with my friends in the financial management camp, and thinking collides, and I find that money thinking is really too important.
Looking back at the process of my own increasing income, the change in thinking played a crucial role. If a person wants to become rich, he must be close to rich people, he must be close to money thinking, and he must be close to the money magnetic field.
Thanks to the development of the Internet, we can read many, many excellent books and watch many, many excellent documentaries without leaving home.
Thinking is constantly updated, money ability will continue to grow, read more books, read more good books, be a good money dreamer, money, naturally.
Well, that's the end of today's sharing, I hope it can help you in need.