
This is an except from my book:
101 Entrepreneur Questions and Answers.Remember earlier when I said that you want to do the work once and get paid forever? I use that philosophy as a way to have my money work for me and thus I am the master.When you have your money work for you, you are leveraging it to make more money passively, such as investing your money in property and then earning a share of the rental income. You are using your money to make more money for you- you are leveraging money as an investor that allows other people to do more, thus they can pay you back, plus interest.Having your money work for you means to create passive income, which is income that will come to your pocket whether you work or not.When you have passive income, it frees up your time to do what you love to do. There is a report that says people only spend 15% of their life doing what they love, so if someone were to live to 100 years old, then he'd only be spending 15 years doing what he truly loves, all the others he'd be working, sleeping, at school or too young to enjoy life.Passive income frees up your time to do what you love.Question of the day: Are you happy with where you life is going?
Published on November 12, 2017 09:38