Passive Income: The Business of the 21st Century that is changing thousands of lives

Passive Income: The Business of the 21st Century

If you knew what I know, you’d be doing what I’m doing in a heartbeat.  What is it that I do? Well I create passive residual income. Its called building wealth.  

Wealth building 101 says: work smart, use other people to help leverage your time and leverage your money. Stay Broke 101 says:  go to school, get good grades, graduate, get a great job, and work hard, and then retire at age 65 on a third of what you were making.

What is this passive residual income? Passive income is simply a check that comes in the mail whether or not you show up to work, go on vacation, or decide to sleep the day away.  In order to get that passive income, you did something one time, and you get paid over and over again for it.  For example, The group Earth Wind and Fire recorded/ released the song, "Let's Groove Tonight" in 1981. They don't ever have to record that song again, yet every time that song is purchased or played on the air, in a bar, in a skating rink, or in a movie they collect royalties (passive income). 


 What is the most valuable thing in the world? Time! We can NEVER get time back once its gone, and that is why wealthy multimillionaires and billionaires build passive residual income.

What if the day came when you did not have to work for others anymore, but could build your own financial future for yourself with passive income or residual income? What if their was a system in place that could leverage your time even if you worked 15 hours a day?
Most people, regardless of their income bracket are over worked and under paid.  The average person, regardless of their income bracket are living in a rat race with maxed out credit cards, and living pay check to pay check in order to sustain a certain life style.

 When is it time to start building passive income? Well let's look at these phrases. If you find yourself having these type of conversations then it is time to look into building true wealth, and it's never too early and never too late:

1. I never have the time to...........
2. I can't because I have to work.
3. I hate this commute and they don't even pay my gas!
4. I am so tired of all these bills!
5. Honey, we make $150,000 a year ... why are we strapped financially?
6. I would love to go to your soccer game, but daddy's job is flying him to Texas on the same day.
7. We can't afford that!
8. I think I need to get a second job.

When people get tired of these conversations they begin looking for opportunities to work on a plan B (building passive income) while working their plan A (9-5 job),  until Plan B becomes Plan A.    

Passive income is an incredibly powerful tool that can trump any 9-5 job if one were to use that tool correctly. The idea here is to continue working your regular job for now, but start adding passive income to the equation with programs that do not rely on market share, as well as the usual portfolio of stocks, bonds, and mutual funds that do. Eventually, your passive income surpasses your regular income, and begins paying all of your bills. Building multiple streams of income through a passive income model means you eventually develop the business to such a point that you continuously receive an income whether or not you are working that day, or on vacation in the Bahamas.  It will allow you to pay off your debts, repair your credit, pay off that house quicker, and live the life you deserve to live.  It will allow you to eventually stop trading your time for money. 

Joi Hall
Business Mentor/Coach

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