Saturday, June 23, 2018

Passive Residual Income Is Better Than A Salary Or A Wage

By Diane Johnson


Life is too short to work for anyone. Freedom from work means money working for a person and not an individual working for money. It is either one builds his dreams and he starts earning passive residual income on autopilot or he gets hired by someone else to build the person's dreams and becomes a slave of the monthly paycheck. That is the ultimate reality of life. On one hand, there is freedom from work and all the perks that come with it including retiring early and exploring the world. On the other hand, there is the cold, bleak reality of employment.

Life is about choices. Every human being is defined by his choices. Those who choose employment will always need to rely on a meager wage or salary that often times will not be enough to finance the fine things of the present day life. Those who love the fine life and all that comes with it will choose freedom from work.

Passive income is earned the soft way. There is no going to work. There is no being active in work. One will not have to deal with pesky bosses. With a money earning system up and running, all that one has to do is to look forward to the next paycheck. That is living life on the bright side.

Setting up a system that earns money passively is one of the best things that an employed individual can do. This system will eventually liberate a person from the rat race and all the toils that come with it. The rat race is simply stressful. It is exhausting and ends up lowering the quality of life of an individual.

The path of employment is not the best. It will eventually lead to frustration. Saving for retirement does not have to be the consolation to continue working because retirement income is often times not sufficient. Most retirees are usually forced to return back to work because of inadequate retirement savings. That will not be the case with passive income sources.

A person with sufficient streams of passive income will lead a very happy life. First and foremost, he will retire early. That will leave him with plenty of time to explore the world and do the things that he loves such as hobbies. On the other hand, an employed person will not even have the time to engage in hobbies.

Not everyone is born with riches. Those born in rich families do not have to work and they can start building passive income sources from the word go. Those born without wealth will need to work for a number of years so that to be able to accumulate savings that will be used for creating a system of generating money passively.

Passive income is the best type of income. That is an undeniable fact. Life is short. The lucky ones can enjoy a maximum of seventy years of productivity. After that, even if one is still alive, he will have little productivity and will not be able to enjoy the pleasures of the present day life. Thus, working for a lifetime does not make any sense.




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