Tuesday, November 29, 2005

Being proactive about passive income




This is a subject that is close to many of our hearts. Who doesn't want to earn money with the least amount of effort? Practically, nobody!
Now if you are the heir to a billion-dollar empire - that's passive income. Thank god for a rich dad or granddad. However, very, very few of us are born with a silver spoon in our mouths. In fact, we are all born crying for various reasons.
For many of us, the crying stops soon enough. Then we go through life thinking of striking rich with the jumbo lottery. That's quite okay, except a few million others are also having the same thought.
Hence, today in this modern world, plenty, I mean really plenty of people are always entertaining ideas of making it in life with nominal physical exertions. In other words, sleep and earn money.
Actually, only a chosen few in this world are accorded this privilege and that too they are born with that kind of destiny or fate.
These days, the passive income syndrome is a privilege of a selected few among, say, a million of people. The good news is it can be done. The bad news is you are probably not the lucky one.
Now people say luck comes to the most prepared person. Some smart alec actually coined that phrase. And it's true. You are "lucky" if you have done your homework, or have worked countless hours towards achieving a certain destiny.
I, for one, would like to know how it can be done. I know it can be done but the knack is I don't have the secret formula. A lot of people think they have the secret formula but normally what they want is to "ride on your back" so that you can "carry them across the river".
Realistically, life's like that. Nobody is going to come up to you and say "here's a million bucks. Take it. I am feeling generous and you are the first random person I have chosen to enjoy my hard-earned fortune. Phooey! This kind of scenario belongs to television.
A friend of mine has thought hard and long about this. Both of us have agreed that this can be done. The problem is both of us have absolutely no idea how to do it, just yet.
Now that's the dilemma. I wish the passive income formula will appear to me in a dream but I always dream of silly things. So that doesn't count.
If I discover the secret, you can be sure you won't be the first to know. ha. ha.


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