THE PASSIVE INCOME SUPERSTITION
Passive income is a myth, just like many of the superstitions we believe in. In our experience there are only two kinds of people who talk about passive income. 1. The people who donâ€™t have a clue what theyâ€™re talking about. 2. The people trying to sell you something.
Yet, the majority of people out there are chasing after passive income. They spend their time looking for cockamamie “get rich quick” formulas that don’t exist, and therefore, wind up with nothing.
The Power of Momentum Rather than pursue “passive income” we should consider “income momentum.” Remember when you were young and you had merry-gorounds in the playground? Remember how much effort it took to get it going?
But once the merry-goround was moving, the amount of effort it took to KEEP IT GOING was a mere occasional push with your hand. It required some effort, but significantly less; momentum did most of the work.
In the same way, you cannot sit idly by and EXPECT the merry-goround to keep going. If you ever decide to be completely hands-off, the merry-go-round will come to a stop.
Our income has to be treated like someone weâ€™re dating. We have to spend time working on the relationship.
Like a woman, we have to listen to her, love her, and make her feel like she means the world to us. Like a man, we have to stroke his ego, show interest in him, and make him feel like a hero
If you ignore your income and act like a “passive” partner, it’ll leave you.
When you stop to really look at the most financially successful people on the planet â€” Bill Gates, Warren Buffett, Richard Branson, youâ€™ll find that they are anything but passive.
All of them are still working on building their wealth – and loving it! They are focused on how to take the resources they have and grow them most efficiently and effectively using other peoples’ money, other peoples’ expertise, other peoples’ networks.
Success in any endeavor requires you to be active. Nothing you want is attained by being passive, including wealth, health and income. Rethink your goal and how you can achieve it. Start looking for ways to leverage yourself and your money.
Start ACTIVELY building your wealth today. You will be stunned by the difference it makes in your life one, five, ten years down the road. Thatâ€™s when you start living the life of a true achiever.
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